\n***\namounts (including all escalations) pertaining to each such parcel of Leased\nReal Property and (iv) the current use of each such parcel of Leased Real\nProperty.\n\n (c) There is no material violation of any Law (including any building,\nplanning or zoning law) relating to any of the Real Property. The Sellers have\nmade available to the Purchaser true, legible and complete copies of each deed\nfor each parcel of Owned Real Property and, to the extent available, for each\nparcel of Leased Real Property and all the title insurance policies, title\nreports, surveys, certificates of occupancy, environmental reports and audits,\nappraisals, permits, other Encumbrances, title documents and other documents\nrelating to or otherwise affecting the Real Property, the operations of the\nCompany and the Institution thereon or any other uses thereof. The Company is in\npeaceful and undisturbed possession of each parcel of Real Property, and there\nare no contractual or legal restrictions that preclude or restrict the ability\nto use the Real Property for the purposes for which it is currently being used.\nAll existing water, sewer, steam, gas, electricity, telephone, cable, fiber\noptic cable, Internet access and other utilities required for the construction,\nuse, occupancy, operation and maintenance of the Real Property are adequate for\nthe conduct of the Business as it has been and currently is conducted. There are\nno material latent defects or material adverse physical conditions affecting the\nReal Property or any of the facilities, buildings, structures, erections,\nimprovements, fixtures, fixed assets and personalty of a permanent nature\nannexed, affixed or attached to, located on or forming part of the Real\nProperty. The Company has not leased any parcel or any portion of any parcel of\nReal Property to any other Person, and no other Person has any rights to the\nuse, occupancy or enjoyment thereof pursuant to any lease, license, occupancy or\nother agreement, nor has the Company assigned its interest under any lease\nlisted in Section 3.16(b) of the Disclosure Schedule to any third party.\n\n (d) Section 3.16(d) of the Disclosure Schedule sets forth a true and\ncomplete list of all leases relating to the Real Property and any and all\nancillary documents (the \"ANCILLARY LEASE DOCUMENTS\") pertaining thereto\n(including all amendments, modifications, supplements, exhibits, schedules,\naddenda and restatements thereto and thereof and all consents, including\nconsents for alterations, assignments and sublets, documents recording\nvariations, memoranda of lease, options, rights of expansion, extension, first\nrefusal and first offer and evidence of commencement dates and expiration\ndates). With respect to each of such leases, the Company has not exercised or\ngiven any notice of exercise of, nor has any lessor or landlord exercised or\nreceived any notice of exercise by a lessor or landlord of, any option, right of\nfirst offer or right of first refusal contained in any such lease or sublease,\nincluding any such option or right pertaining to purchase, expansion, renewal,\nextension or relocation (collectively, \"OPTIONS\").\n\n (e) There are no condemnation proceedings or eminent domain proceedings\nof any kind pending or, to the Knowledge of the Sellers, threatened against the\nReal Property.\n\n (f) (i) All the Real Property is occupied under a valid and current\ncertificate of occupancy, or similar permit, (ii) the transactions contemplated\nby this Agreement and the Ancillary Agreements will not require the issuance of\nany new or amended certificate of occupancy, and (iii) to the Knowledge of the\nSellers, there are no facts that would prevent the Real Property from being\noccupied by the Company or the Institution, as the case may be, after the\nClosing in the same manner as occupied by the Company or the Institution\nimmediately prior to the Closing.\n\n (g) All improvements on the Real Property constructed by or on behalf of\nthe Company or, to the Knowledge of the Sellers, constructed by or on behalf of\nany other Person, were constructed in compliance with all applicable Laws\n(including any building, planning or zoning Laws) affecting such Real Property.\n\n (h) No improvements on the Real Property and none of the current uses\nand conditions thereof violate in any material respect any Encumbrance,\napplicable deed restrictions or other applicable covenants, restrictions,\nagreements, existing site plan approvals, zoning or subdivision regulations or\nurban redevelopment plans as modified by any duly issued variances, and no\npermits, licenses or certificates pertaining to the ownership or operation of\nall improvements on the Real Property, other than those which are transferable\nwith the Real Property, are required by any Governmental Authority having\njurisdiction over the Real Property.\n\n (i) All improvements on any Real Property are wholly within the lot\nlimits of such Real Property and do not encroach on any adjoining premises or\nEncumbrance benefiting such Real Property, and, to the\n\n\n 20\n<PAGE>\n\nKnowledge of the Sellers, there are no encroachments on any Real Property or any\neasement or property right or benefit appurtenant thereto by any improvements\nlocated on any adjoining premises.\n\n (j) There have been no improvements of a value in excess of $10,000 in\nthe aggregate made to or constructed on any Real Property within the applicable\nperiod for the filing of mechanics' liens.\n\n (k) The rental set forth in each lease of the Leased Real Property is\nthe actual rental being paid, and there are no separate agreements or\nunderstandings with respect to the same.\n\n (l) The Company has the full right to exercise any Options contained in\nthe leases pertaining to the Leased Real Property on the terms and conditions\ncontained therein and upon due exercise would be entitled to enjoy the full\nbenefit of such Options with respect thereto.\n\n SECTION 3.17. TANGIBLE PERSONAL PROPERTY. (A) Section 3.17(a) of the\nDisclosure Schedule lists each item or distinct group of machinery, equipment,\ntools, supplies, furniture, fixtures, personalty, vehicles, books, computer\nequipment and other tangible personal property (the \"Tangible Personal\nProperty\") used in the Business or owned or leased by the Company or the\nInstitution.\n\n (b) Section 3.17(b) of the Disclosure Schedule sets forth a true and\ncomplete list of all leases for Tangible Personal Property and any and all\nmaterial ancillary documents pertaining thereto (including all amendments,\nconsents and evidence of commencement dates and expiration dates).\n\n (c) The Company or the Institution, as the case may be, has the full\nright to exercise any renewal options contained in the leases pertaining to the\nTangible Personal Property on the terms and conditions contained therein and\nupon due exercise would be entitled to enjoy the use of each item of leased\nTangible Personal Property for the full term of such renewal options.\n\n SECTION 3.18. ASSETS. (A) The Company owns, leases or has the legal\nright to use all the properties and assets, including the Company Intellectual\nProperty, the Licensed Intellectual Property, the Company IP Agreements, the\nReal Property and the Tangible Personal Property, used or intended to be used in\nthe conduct of the Business or otherwise owned, leased or used by the Company,\nand, with respect to contract rights, is a party to and enjoys the right to the\nbenefits of all contracts, agreements and other arrangements used or intended to\nbe used by the Company or the Institution or in or relating to the conduct of\nthe Business, all of which properties, assets and rights constitute Assets. The\nCompany has good and marketable title to, or, in the case of leased Assets,\nvalid and subsisting leasehold interests in, all the Assets, free and clear of\nall Encumbrances, except Permitted Encumbrances.\n\n (b) The Assets constitute all the properties, assets and rights forming\na part of, used, held or intended to be used in, and all such properties, assets\nand rights as are necessary in the conduct of, the Business as conducted at the\ntime of the Closing. At all times since December 31, 2005, the Company and the\nSellers have caused the Assets to be maintained in accordance with good business\npractice, and all the Assets are in good operating condition and repair and are\nsuitable for the purposes for which they are used and intended to be used.\n\n SECTION 3.19. EMPLOYEE BENEFIT MATTERS. (A) Plans and Material\nDocuments. Section 3.19(a) of the Disclosure Schedule lists (i) all employee\nbenefit plans (as defined in Section 3(3) of the Employee Retirement Income\nSecurity Act of 1974, as amended (\"ERISA\")) and all bonus, stock option, stock\npurchase, restricted stock, incentive, deferred compensation, retiree medical or\nlife insurance, supplemental retirement, severance or other benefit plans,\nprograms or arrangements, and all employment, termination, severance or other\ncontracts or agreements, whether legally enforceable or not, to which the\nCompany is a party, with respect to which the Company has any obligation or\nwhich are maintained, contributed to or sponsored by the Company for the benefit\nof any current or former employee, officer or director of the Company, (ii) each\nemployee benefit plan for which the Company could incur liability under Section\n4069 of ERISA in the event such plan has been or were to be terminated, (iii)\nany plan in respect of which the Company could incur liability under Section\n4212(c) of ERISA, and (iv) any contracts, arrangements or understandings between\nany Seller or any of its Affiliates and any employee of the Company, including\nany contracts, arrangements or understandings relating to the sale of the\nCompany (collectively, the \"Plans\"). Each Plan is in writing, and the Sellers\nhave furnished to the Purchaser a complete and\n\n 21\n<PAGE>\n\naccurate copy of each Plan and a complete and accurate copy of each material\ndocument prepared in connection with each such Plan, including a copy of (A)\neach trust or other funding arrangement, (B) each summary plan description and\nsummary of material modifications, (C) the most recently filed IRS Form 5500,\n(D) the most recently received IRS determination letter for each such Plan, and\n(E) the most recently prepared actuarial report and financial statement in\nconnection with each such Plan. There are no other employee benefit plans,\nprograms, arrangements or agreements, whether formal or informal, whether in\nwriting or not, to which the Company is a party, with respect to which the\nCompany has any obligation or which are maintained, contributed to or sponsored\nby the Company for the benefit of any current or former employee, officer or\ndirector of the Company. The Company does not have any express or implied\ncommitment, whether legally enforceable or not, (1) to create, incur liability\nwith respect to, or cause to exist, any other employee benefit plan, program or\narrangement, (2) to enter into any contract or agreement to provide compensation\nor benefits to any individual, or (3) to modify, change or terminate any Plan,\nother than with respect to a modification, change or termination required by\nERISA or the Code.\n\n (b) ABSENCE OF CERTAIN TYPES OF PLANS. None of the Plans is a\nmultiemployer plan (within the meaning of Section 3(37) or 4001(a)(3) of ERISA)\n(a \"MULTIEMPLOYER PLAN\") or a single employer pension plan (within the meaning\nof Section 4001(a)(15) of ERISA) for which the Company or any Subsidiary could\nincur liability under Section 4063 or 4064 of ERISA (a \"MULTIPLE EMPLOYER\nPlan\"). None of the Plans provides for the payment of separation, severance,\ntermination or similar benefits to any Person or obligates the Company to pay\nseparation, severance, termination or similar benefits solely as a result of any\ntransaction contemplated by this Agreement or as a result of a \"change in\ncontrol\", within the meaning of such term under Section 280G of the Code. None\nof the Plans provides for or promises retiree medical, disability or life\ninsurance benefits to any current or former employee, officer or director of the\nCompany. Each of the Plans is subject only to the Laws of the United States or a\npolitical subdivision thereof.\n\n (c) COMPLIANCE WITH APPLICABLE LAW. Each Plan is now and always has been\noperated in accordance with the requirements of all applicable Law, including\nERISA and the Code, and all Persons who participate in the operation of such\nPlans and all Plan \"fiduciaries\" (within the meaning of Section 3(21) of ERISA)\nhave always acted in accordance with the provisions of all applicable Law,\nincluding ERISA and the Code. The Company has performed all obligations required\nto be performed by it under, is not in any respect in default under or in\nviolation of, and has no knowledge of any default or violation by any party to,\nany Plan. No Action is pending or, to the Knowledge of the Sellers, threatened\nwith respect to any Plan (other than claims for benefits in the ordinary course)\nand no fact or event exists that could give rise to any such Action.\n\n (d) QUALIFICATION OF CERTAIN PLANS. Each Plan that is intended to be\nqualified under Section 401(a) of the Code or Section 401(k) of the Code has\nreceived a favorable determination letter from the IRS that it is so qualified,\nand each trust established in connection with any Plan that is intended to be\nexempt from federal income taxation under Section 501(a) of the Code has\nreceived a determination letter from the IRS that it is so exempt, and no fact\nor event has occurred since the date of such determination letter from the IRS\nto adversely affect the qualified status of any such Plan or the exempt status\nof any such trust. Each trust maintained or contributed to by the Company that\nis intended to be qualified as a voluntary employees' beneficiary association\nand that is intended to be exempt from federal income taxation under Section\n501(c)(9) of the Code has received a favorable determination letter from the IRS\nthat it is so qualified and so exempt, and no fact or event has occurred since\nthe date of such determination by the IRS to adversely affect such qualified or\nexempt status.\n\n (e) ABSENCE OF CERTAIN LIABILITIES AND EVENTS. There has been no\nprohibited transaction (within the meaning of Section 406 of ERISA or Section\n4975 of the Code) with respect to any Plan. The Company has not incurred any\nliability for any penalty or tax arising under Section 4971, 4972, 4980, 4980B\nor 6652 of the Code or any liability under Section 502 of ERISA, and no fact or\nevent exists that could give rise to any such liability. The Company has not\nincurred any liability under, arising out of or by operation of Title IV of\nERISA (other than liability for premiums to the Pension Benefit Guaranty\nCorporation arising in the ordinary course), including any liability in\nconnection with (i) the termination or reorganization of any employee benefit\nplan subject to Title IV of ERISA or (ii) the withdrawal from any Multiemployer\nPlan or Multiple Employer Plan, and no fact or event exists that could give rise\nto any such liability. No complete or partial termination has occurred within\nthe five years preceding the date hereof with respect to any Plan. No reportable\nevent (within the meaning of Section 4043 of ERISA) has occurred or is expected\nto occur with respect to any Plan subject to Title IV of ERISA. No Plan had an\naccumulated funding deficiency (within the meaning of Section 302 of ERISA or\nSection 412 of the Code), whether\n\n 22\n<PAGE>\n\nor not waived, as of the most recently ended plan year of such Plan. None of the\nassets of the Company is the subject of any lien arising under Section 302(f) of\nERISA or Section 412(n) of the Code; the Company has not been required to post\nany security under Section 307 of ERISA or Section 401(a)(29) of the Code; and\nno fact or event exists which could give rise to any such lien or requirement to\npost any such security.\n\n (f) PLAN CONTRIBUTIONS AND FUNDING. All contributions, premiums or\npayments required to be made with respect to any Plan have been made on or\nbefore their due dates. All such contributions have been fully deducted for\nincome tax purposes and no such deduction has been challenged or disallowed by\nany Governmental Authority, and no fact or event exists that could give rise to\nany such challenge or disallowance. As of the Closing, no Plan that is subject\nto Title IV of ERISA will have an \"unfunded benefit liability\" (within the\nmeaning of Section 4001(a)(18) of ERISA).\n\n SECTION 3.20. LABOR MATTERS. (a) Neither the Company nor the Institution\nis a party to any collective bargaining agreement or other labor union contract\napplicable to persons employed by the Company or the Institution, and currently\nthere are no organizational campaigns, petitions or other unionization\nactivities seeking recognition of a collective bargaining unit which could\naffect the Company; (b) there are no controversies, strikes, slowdowns or work\nstoppages pending or, to the Knowledge of the Sellers, threatened between the\nCompany and its employees, and the Company has not experienced any such\ncontroversy, strike, slowdown or work stoppage within the past three years; (c)\nthere are no unfair labor practice complaints pending against the Company or the\nInstitution before the National Labor Relations Board or any other Governmental\nAuthority which could have a Material Adverse Effect; (e) the Company is\ncurrently in compliance with all applicable Laws relating to the employment of\nlabor, including those related to wages, hours, collective bargaining and the\npayment and withholding of Taxes and other sums as required by the appropriate\nGovernmental Authority and has withheld and paid to the appropriate Governmental\nAuthority or is holding for payment not yet due to such Governmental Authority\nall amounts required to be withheld from employees of the Company and is not\nliable for any arrears of wages, Taxes, penalties or other sums for failure to\ncomply with any of the foregoing; (f) the Company has paid in full to all its\nemployees or adequately accrued for in accordance with GAAP all wages, salaries,\ncommissions, bonuses, benefits and other compensation due to or on behalf of\nsuch employees; (g) there is no claim with respect to payment of wages, salary\nor overtime pay that has been asserted or is now pending or threatened before\nany Governmental Authority with respect to any Persons currently or formerly\nemployed by the Company; (h) the Company is not a party to, or otherwise bound\nby, any consent decree with, or citation by, any Governmental Authority relating\nto employees or employment practices; (i) there is no charge or proceeding with\nrespect to a violation of any occupational safety or health standard that has\nbeen asserted or is now pending or threatened with respect to the Company; and\n(j) there is no charge of discrimination in employment or employment practices,\nfor any reason, including age, gender, race, religion or other legally protected\ncategory, which has been asserted or is now pending or threatened before the\nUnited States Equal Employment Opportunity Commission, or any other Governmental\nAuthority in any jurisdiction in which the Company has employed or currently\nemploys any Person.\n\n SECTION 3.21. KEY EMPLOYEES. Section 3.21 of the Disclosure Schedule\nlists the name, place of employment, the current annual salary rates, bonuses,\ndeferred or contingent compensation and other like benefits paid or payable (in\ncash or otherwise) in 2005, the date of employment and a description of the\nposition and job function of each current salaried employee, officer, director,\nconsultant or agent of the Company or any Subsidiary whose annual compensation\nexceeded (or, in 2006, is expected to exceed) $75,000.\n\n SECTION 3.22. STUDENT LISTS. The Sellers have delivered to the Purchaser\na list that is accurate and complete in all material respects identifying (a)\nthe number of students, and the names and educational programs of all students,\nenrolled at the Institution as of the date hereof for the then current academic\nperiod, and (b) the number of students, and the names and intended educational\nprograms of all students, enrolled at the Institution as of the date hereof for\nfuture academic periods; provided, however, that such list shall include\npersonally identifiable information regarding any student only to the extent\npermitted by the Family Educational Rights Privacy Act (20 U.S.C. 1232g) and the\nimplementing regulations at 34 C.F.R. ss. 99.2.\n\n SECTION 3.23. CERTAIN INTERESTS. (A) No Seller or officer or director of\nthe Company and no relative or spouse (or relative of such spouse) who resides\nwith, or is a dependent of, any such Seller officer or director:\n\n 23\n<PAGE>\n\n (i) has any direct or indirect financial interest in any\n competitor or supplier of the Company or the Business; PROVIDED,\n HOWEVER, that the ownership of securities representing no more than one\n percent of the outstanding voting power of any competitor or supplier\n and that are also listed on any national securities exchange, shall not\n be deemed to be a \"financial interest\" so long as the Person owning such\n securities has no other connection or relationship with such competitor\n or supplier;\n\n (ii) owns, directly or indirectly, in whole or in part, or has\n any other interest in, any tangible or intangible property that the\n Company uses or has used in the conduct of the Business or otherwise; or\n\n (iii) has outstanding any Indebtedness to the Company.\n\n (b) None of the Sellers or the Company has any Liability of any nature\nwhatsoever to any officer, director or stockholder of the Company or to any\nrelative or spouse (or relative of such spouse) who resides with, or is a\ndependent of, any such officer, director or stockholder.\n\n SECTION 3.24. TAXES. (A) (i) All Tax Returns required to be filed by or\nwith respect to the Company have been timely filed; (ii) all Taxes required to\nbe shown on such Tax Returns or otherwise due in respect of the Company have\nbeen timely paid; (iii) all such Tax Returns are true, correct and complete in\nall material respects; (iv) no adjustment relating to such Tax Returns has been\nproposed formally or informally by any Governmental Authority (insofar as either\nrelates to the activities or income of the Company or could result in liability\nof the Company on the basis of joint and/or several liability) and, to the\nKnowledge of the Sellers, no basis exists for any such adjustment; (v) there are\nno pending or, to the Knowledge of the Sellers, threatened Actions for the\nassessment or collection of Taxes against the Company; (vi) all sales and\nlicense transactions between any Seller and the Company have been conducted on\nan arm's-length basis; (vii) there are no Tax liens on any assets of the\nCompany; (viii) no Seller nor any Affiliate is a party to any agreement or\narrangement that would result, separately or in the aggregate, in the actual or\ndeemed payment by the Company of any \"excess parachute payments\" within the\nmeaning of Section 280G of the Code (without regard to Section 280G(b)(4) of the\nCode); (ix) no acceleration of the vesting schedule for any property that is\nsubstantially unvested within the meaning of the regulations under Section 83\nwill occur in connection with the transactions contemplated by this Agreement;\n(x) the Company has not ever been a member of a consolidated, combined or\nunitary group; (xi) the Company has not been a United States real property\nholding corporation within the meaning of Section 897(c)(2) of the Code during\nthe applicable period specified in Section 897(c)(1)(A)(ii) of the Code; (xii)\nthe Company has properly and timely withheld, collected and deposited all Taxes\nthat are required to be withheld, collected and deposited under applicable Law;\n(xiii) the Company is not doing business in or engaged in a trade or business in\nany jurisdiction in which it has not filed all required Tax Returns, and no\nnotice or inquiry has been received from any jurisdiction in which Tax Returns\nhave not been filed by the Company to the effect that the filing of Tax Returns\nmay be required; (xiv) the Company has not been at any time a member of any\npartnership or joint venture or the holder of a beneficial interest in any trust\nfor any period for which the statute of limitations for any Tax has not expired;\nand (xv) the Company is not subject to any accumulated earnings tax, personal\nholding company Tax or similar Tax.\n\n (b) (i) there are no outstanding waivers or agreements extending the\nstatute of limitations for any period with respect to any Tax to which the\nCompany may be subject; (ii) there are no requests for information currently\noutstanding that could affect the Taxes of the Company; (iii) there are no\nproposed reassessments of any property owned by the Company or other proposals\nthat could increase the amount of any Tax to which the Company would be subject;\n(iv) no power of attorney that is currently in force has been granted with\nrespect to any matter relating to Taxes that could affect the Company; (v) the\nCompany (A) does not have an unrecaptured overall foreign loss within the\nmeaning of Section 904(f) of the Code, and (B) has not participated in or\ncooperated with an international boycott within the meaning of section 999 of\nthe Code; and (vi) the Company does not have any (A) income reportable for a\nperiod ending after the Closing but attributable to a transaction (E.G., an\ninstallment sale) occurring in, or a change in accounting method made for, a\nperiod ending on or prior to the Closing that resulted in a deferred reporting\nof income from such transaction or from such change in accounting method (other\nthan a deferred intercompany transaction) or (B) deferred gain or loss arising\nout of any deferred intercompany transaction.\n\n (c) (i) Section 3.24 of the Disclosure Schedule lists all income,\ninformation, franchise and similar Tax Returns (federal, state, local and\nforeign) filed with respect to the Company for taxable periods ended on or after\nJanuary 1, 2001, indicates the most recent income, information, franchise or\nsimilar Tax Return for each\n\n 24\n<PAGE>\n\nrelevant jurisdiction for which an audit has been completed or the statute of\nlimitations has lapsed, and indicates all Tax Returns that currently are the\nsubject of audit; (ii) the Sellers have delivered to the Purchaser correct and\ncomplete copies of all federal, state and foreign income, information, franchise\nand similar Tax Returns, examination reports, and statements of deficiencies\nassessed against or agreed to by the Company since January 1, 2003; and (iii)\nthe Sellers have delivered to the Purchaser a true and complete copy of any\ntax-sharing or allocation agreement or arrangement involving the Company and a\ntrue and complete description of any such unwritten or informal agreement or\narrangement.\n\n (d) The Company (i) has been an S corporation within the meaning of\nSection 1361 of the Code (an \"S-CORPORATION\") at all times since December 31,\n1986 and will continue to be an S-Corporation up to and until the Closing; (ii)\nhas paid all built-in gain taxes within the meaning of Section 1374 of the Code\nthat were required to be paid; and (iii) is not required to pay any taxes or\npenalties that would have not been incurred had the Company been an\nS-Corporation since its inception.\n\n (e) On the Reference Statement of Net Current Assets, reserves and\nallowances have been provided, and on the Closing Statement of Net Current\nAssets, reserves and allowances will be provided, in each case adequate to\nsatisfy all Liabilities for Taxes relating to the Company for all taxable\nperiods through the Closing (without regard to the materiality thereof).\n\n SECTION 3.25. INSURANCE. All material assets, properties and risks of\nthe Company are, and for the past five years have been, covered by valid and,\nexcept for insurance policies that have expired under their terms in the\nordinary course, currently effective insurance policies or binders of insurance\n(including general liability insurance, property insurance and workers'\ncompensation insurance) issued in favor of the Company, in each case with\nresponsible insurance companies, in such types and amounts and covering such\nrisks as are consistent with customary practices and standards of companies\nengaged in businesses and operations similar to those of the Company.\n\n SECTION 3.26. COMPLIANCE WITH TITLE IV PROGRAMS. (A) The Company and the\nInstitution are and, since January 1, 2003 (the \"Compliance Date\"), have been in\ncompliance in all material respects with any and all applicable Educational\nLaws, including all Laws relating to Financial Assistance.\n\n (b) Since the Compliance Date, each educational program offered by the\nInstitution for which the Institution provided or provides Financial Assistance\nfunding, including programs involving externships, internships or consortium\nagreements, was and is an eligible program and in material compliance with all\nEducational Laws, including the requirements of 34 C.F.R. ss. 668.8, and the\nInstitution has been in material compliance with the requirement to properly\nmeasure the length of such educational program for purposes of disbursing the\nTitle IV Program funding to students enrolled in each such program.\n\n (c) The facilities listed on Section 3.26(c) of the Disclosure Schedule\nare and, since the Compliance Date, have been the only addresses at which all or\nany portion of any of the Company's or the Institution's educational programs\nhave been offered, including any facilities at which more than 25% of any\neducational program (as measured in credit hours) are or have been provided via\nexternships or internships. Except for any changes in address or changes in\nlocation that do not result in the cessation of any educational instruction by\nthe Company or the Institution, neither the Company nor the Institution has\nceased instruction at or closed any facility, location or campus. The Company\nand the Institution have complied with all Educational Laws related to any\ntermination of educational programs or any change of the location or campus\nwhere educational programs are offered.\n\n (d) To the Knowledge of the Sellers, there exists no fact or set of\nfacts with respect to the operation of the Institution prior to the Closing Date\nthat would reasonably be likely to have a negative effect on the ability of the\nInstitution to obtain (i) the U.S. DOE Pre-Closing Notice, or (ii) any approval\nlisted in Section 3.06 or Section 4.03 of the Disclosure Schedule.\n\n (e) The Sellers have delivered to the Purchaser true and complete copies\nof all material correspondence (excluding general correspondence routinely sent\nto, or received from, any Educational\n\n 25\n<PAGE>\n\nAgency or Governmental Authority) received from or sent by or on behalf of the\nCompany or the Institution to any Educational Agency or any Governmental\nAuthority to the extent such correspondence (i) was sent or received since the\nCompliance Date or relates to any issue that remains pending, and (ii) relates\nto (A) any notice that any Educational Approval is not in full force and effect\nor that an event has occurred which constitutes or, with the giving of notice or\nthe passage of time or both, would constitute a material breach or violation\nthereunder; (B) any notice that the Company, the Institution or any Affiliate,\nemployee, or agent of the Company or the Institution has violated or is\nviolating any Educational Law in any material respect, including any Law related\nto the Title IV Programs, or any criterion, rule, standard, or other written\nguidance of any applicable Accrediting Body, or any law, regulation, or\nrequirement related to maintaining and retaining in full force and effect any\nand all Educational Approvals necessary for the existing operations of, and\nreceipt of Financial Assistance by, the Company or the Institution; (C) any\naudits, program reviews, inquiries, investigations, or site visits conducted by\nany Educational Agency, any guaranty agency, or any independent auditor\nreviewing compliance by the Company or the Institution with any Educational Law\nor Educational Approval; (D) the qualification of the Company, the Institution\nor any Affiliate thereof for the receipt of Financial Assistance; (E) any\nwritten notice of an intent to limit, suspend, terminate, revoke, cancel, not\nrenew, or condition the Educational Approvals of, or the provision of Financial\nAssistance to, the Company, the Institution or to any of the Institution's\nstudents; (F) any written notice of an intent or threatened intent to condition\nthe provision of Financial Assistance to the Company or the Institution on the\nposting of a Letter of Credit or other surety in favor of U.S. DOE; (G) written\nnotice of an intent to provisionally certify the eligibility of the Company or\nthe Institution to participate in the Title IV Programs; or (H) the placement or\nremoval of the Company or the Institution on or from the reimbursement method of\npayment or any method of payment other than the advance payment method under the\nTitle IV Programs.\n\n (f) No principal, affiliate (as those terms are defined in 34 C.F.R.\nPart 85), owner, stockholder or trustee of, or any other individual or entity\nholding an ownership interest in the Company or the Institution, whether legal\nor equitable, is or has been a principal, affiliate, owner, stockholder or\ntrustee or held an ownership interest, whether legal or equitable, in any other\ninstitution (whether or not participating in the Title IV Programs) or any\nthird-party servicer (as that term is defined at 34 C.F.R. ss. 668.2). No Person\nwho exercises substantial control over the Company, the Institution or any\nAffiliate of the Company (as the term \"substantial control\" is described under\n34 C.F.R. ss. 668.174(c)(3)) or any member or members of such Person's family,\nalone or together, exercises or exercised substantial control over another\ninstitution or a third-party servicer that owes a liability for a violation of a\nrequirement of the Title IV Programs. No principal, affiliate, owner,\nstockholder, trustee, or any other individual or entity holding an ownership\ninterest in the Company or the Institution has pled guilty to, has pled nolo\ncontendere to, or has been found guilty of, a crime involving the acquisition,\nuse, or expenditure of federal, state or local government funds or has been\njudicially determined to have committed fraud or any other material violation of\nlaw involving federal, state or local government funds. None of the Company, the\nInstitution or any Affiliate thereof that has the power, by contract or\nownership interest, to direct or cause the direction of the management of\npolicies of the Company or the Institution, has filed for relief in bankruptcy\nor has entered against it an order for relief in bankruptcy. Neither the Company\nnor the Institution knowingly employs, nor has either one of them knowingly\nemployed, any individual or entity in a capacity that involves the\nadministration or receipt of funds under the Title IV Programs, or contracted\nwith any institution or third-party servicer, which has been terminated under\nSection 487 of the HEA for a reason involving the acquisition, use or\nexpenditure of federal, state or local government funds, or has been convicted\nof, or has pled nolo contendere or guilty to, a crime involving the acquisition,\nuse or expenditure of federal, state or local government funds, or has been\nadministratively or judicially determined to have committed fraud or any other\nmaterial violation of law involving federal, state or local government funds.\n\n (g) The Institution has complied with U.S. DOE requirements, as set\nforth at 34 C.F.R. Section 668.14(b)(22), concerning the payments of\ncommissions, bonuses or other incentive payments to admission representatives,\nagents and other Persons engaged in any student recruiting or admission\nactivities or in making decisions regarding the awarding of Title IV Program\nfunds for or on behalf of the Institution.\n\n (h) The Institution has not derived more than 90% of its revenues (for\nthe fiscal years ending December 31, 2001; December 31, 2002 or December 31,\n2003) from Title IV Program funds as determined in accordance with 34 C.F.R. ss.\n600.5(d). Section 3.26(h) of the Disclosure Schedule contains a correct\nstatement of the percentage of revenue from such federal funding sources for\neach of such fiscal years. Except as permitted by 34 C.F.R. ss. 600.5(d), as\nsuch regulation has been interpreted and applied by the U.S. DOE prior to\nClosing, the\n\n 26\n<PAGE>\n\nInstitution has not included revenue generated from institutional loans or\nscholarships in any of the computations referenced in this subsection.\n\n (i) Section 3.26(i) of the Disclosure Schedule sets forth: (a) the\nInstitution's final, official cohort default rates calculated by the U.S. DOE\nunder 34 C.F.R. Part 668 Subpart M for each of the 2002, 2003 and 2004 federal\nfiscal years and (b) the Institution's Perkins Loan cohort default rates for the\nmost recent three fiscal years.\n\n (j) Since the Compliance Date, the Institution has complied with all\napplicable financial responsibility requirements, including the standards of\nfinancial responsibility in 34 C.F.R. ss. 668.15 and 34 C.F.R. Part 668 Subpart\nL, as applicable. Since the Compliance Date, the Institution has not been\nrequired to, post a Letter of Credit or other form of surety for any reason,\nincluding any requirement to post a Letter of Credit based on late refunds\npursuant to 34 C.F.R. ss. 668.173.\n\n (k) Since the Compliance Date, the Institution has complied with the\nlimitations in 34 C.F.R. ss. 600.7 on the number of courses that an institution\nmay offer by correspondence or telecommunications, the number of students who\nmay enroll in such courses, the number of students who were incarcerated, and\nthe number of students who had neither a high school diploma nor the recognized\nequivalent of a high school diploma.\n\n (l) Since the Compliance Date, the Institution has not offered or\nprovided any educational programs that consist solely of instruction in English\nas a second language.\n\n (m) There are no surety bonds or other forms of security that the\nCompany or the Institution has been required to file since the Compliance Date\nwith any Educational Agency with respect to its state authorization, federal\neligibility, recruiter permits or other matters.\n\n (n) Since the Compliance Date, the Institution has not been placed on\nthe reimbursement or cash monitoring payment methods of Title IV Program\nfunding.\n\n (o) Since the Compliance Date, the Company and the Institution have not\nreceived any written or oral notice of, and there is not any currently\nunresolved investigation, review, audit, compliance review or site visit\nrelating to the Institution's participation in and administration of the Title\nIV Programs or other Financial Assistance Programs or its compliance with the\nrequirements of the DOE or any other Educational Agency. The Sellers have\ndelivered to the Purchaser correct and complete copies of all annual federal\nfinancial aid compliance audits and audited financial statements filed with the\nDOE pursuant to 34 C.F.R. ss. 668.23 for all fiscal years ending after the\nCompliance Date and has provided copies of all material correspondence related\nto any draft or final investigative reports, program reviews, audits or\ncompliance reviews received from the DOE or any other Educational Agency since\nthe Compliance Date.\n\n (p) Since the Compliance Date, the Institution has not been on\nprobation, warning or reporting status with any Educational Agency nor has it\nbeen subject to or received notice of any proceeding by any Educational Agency\n(i) to revoke, withdraw, deny, suspend, condition, refuse to renew or limit any\nEducational Approval; (ii) alleging any material violation by the Company or the\nInstitution of any Educational Law or term or condition of any Educational\nApproval or the failure to hold any required Educational Approval; or (iii)\nrefusing to approve any application submitted to an Educational Agency.\n\n (q) Since the Compliance Date, except as disclosed in prior audits or\ncompliance reviews, each of which is disclosed on Section 3.26(q) of the\nDisclosure Schedule, the Institution has complied in all material respects with\nU.S. DOE requirements that no student receive Title IV Program funds prior to\nthe date for which such student was eligible for funds, or in any amount other\nthan the amount such student was eligible to receive.\n\n (r) Since the Compliance Date, the Institution has complied in all\nmaterial respects with all Educational Agency and DOE requirements and\nregulations including but not limited to requirements set forth at 34 C.F.R. ss.\n668.22, relating to (i) fair and equitable refunds policy and (ii) the\ncalculation and timely repayment of federal and nonfederal funds.\n\n 27\n<PAGE>\n\n (s) Since the Compliance Date, the Institution has complied in all\nmaterial respects with 34 C.F.R. ss. 668.164 and 34 C.F.R. ss. 668.165 relating\nto the retention and timely return of student credit balances, and any and all\nstudent credit balances required to be paid thereunder.\n\n (t) Since the Compliance Date, all required reports have been prepared\nand timely filed in material compliance with the applicable Educational\nAgencies.\n\n (u) Since the Compliance Date, the Institution's agents or employees\nhave possessed all permits and licenses required or otherwise necessary to\nrecruit students for admission to the Institution.\n\n (v) Since the Compliance Date, the Institution has complied in all\nmaterial respects with 34 C.F.R. Part 62 Subpart F regarding its enrollment in,\nand timely submission of foreign student information to, the Student and\nExchange Visitor Information System.\n\n (w) The Sellers have delivered to the Purchaser correct and complete\ncopies of all written student complaints, including related correspondence, that\nit has received from any current or former student, or received from any\nEducational Agency in relation to any material student complaint, or sent by or\non behalf of the Company or the Institution in regard to any material student\ncomplaint, since the Compliance Date. There are no unresolved student complaints\nreceived by the Company or the Institution from any current or former student,\nor from any Educational Agency, against the Company or the Institution.\n\n SECTION 3.27. EDUCATIONAL APPROVALS. (A) Section 3.27(a) of the\nDisclosure Schedule lists, with respect to the Company and the Institution, each\nEducational Approval issued since the Compliance Date by an Educational Agency\nto the Company or the Institution or with respect to any educational program(s)\noffered by the Company or the Institution. Since the Compliance Date, the\nCompany, the Institution and each location thereof, and each program offered in\nwhole or in part by the Institution have maintained all Educational Approvals\nnecessary for the operation of, and receipt of Financial Assistance by, the\nCompany and the Institution. The Educational Approvals as listed on Section\n3.27(a) of the Disclosure Schedule constitute all of the material Educational\nApprovals necessary for the Company and the Institution to operate the Business,\nincluding approvals necessary to offer each educational program and operate each\ncampus. Neither the Company nor the Institution has received written notice that\nany material Educational Approval will not be renewed, and, to the Knowledge of\nthe Sellers, there is no basis for any such non-renewal. The Sellers have made\navailable to the Purchaser correct and complete copies of all material\nEducational Approvals that have been issued to the Company and the Institution.\nThe Educational Approvals set forth on Section 3.27(a) of the Disclosure\nSchedule are in full force and effect and since the Compliance Date, there has\nbeen no proceeding for the suspension, limitation, revocation, termination or\ncancellation of any Educational Approval listed on Section 3.27(a) of the\nDisclosure Schedule, nor is any such proceeding pending or, to the Knowledge of\nthe Sellers, threatened.\n\n SECTION 3.28. CERTAIN BUSINESS PRACTICES. None of the Sellers, the\nCompany or the Institution or any of their respective directors, officers,\nagents, representatives or employees (in their capacity as directors, officers,\nagents, representatives or employees) has: (a) used any funds for unlawful\ncontributions, gifts, entertainment or other unlawful expenses relating to\npolitical activity in respect of the Business; (b) directly or indirectly, paid\nor delivered any fee, commission or other sum of money or item of property,\nhowever characterized, to any finder, agent, or other party acting on behalf of\nor under the auspices of a governmental official or Governmental Authority, in\nthe United States or any other country, which is in any manner illegal under any\nLaw of the United States or any other country having jurisdiction; or (c) made\nany other unlawful payment or given any other unlawful consideration in respect\nof the Business.\n\n SECTION 3.29. BROKERS. Except for Stifel, Nicolaus & Company,\nIncorporated, no broker, finder or investment banker is entitled to any\nbrokerage, finder's or other fee or commission in connection with the\ntransactions contemplated by this Agreement or the Ancillary Agreements based\nupon arrangements made by or on behalf of the Sellers. The Sellers are solely\nresponsible for the fees and expenses of Stifel, Nicolaus & Company,\nIncorporated.\n\n SECTION 3.30. NO OTHER REPRESENTATIONS. None of the Sellers or their\nrespective representatives have made, or shall be deemed to have made, and none\nof the Sellers is liable for or bound in any manner by, any\n\n 28\n<PAGE>\n\nexpress or implied representations, warranties, guaranties, promises or\nstatements pertaining to the Business or any of the Assets or the transactions\ncontemplated hereby except as specifically set forth in this Agreement or the\nAncillary Agreements.\n\n ARTICLE IV\n\n REPRESENTATIONS AND WARRANTIES\n OF THE PURCHASER\n\n As an inducement to the Sellers to enter into this Agreement, the\nPurchaser hereby represents and warrants to the Sellers as follows:\n\n SECTION 4.01. ORGANIZATION, AUTHORIZATION AND QUALIFICATION. (A) The\nPurchaser is a corporation duly organized, validly existing and in good standing\nunder the laws of the State of New Jersey and has all necessary power and\nauthority to enter into this Agreement and the Ancillary Agreements to which the\nPurchaser is a party, to carry out its obligations hereunder and thereunder and\nto consummate the transactions contemplated hereby and thereby. The Purchaser is\nduly licensed or qualified to do business and is in good standing in each\njurisdiction which the properties owned or leased by it or the operation of its\nbusiness makes such licensing or qualification necessary, except to the extent\nthat the failure to be so licensed or qualified and in good standing would not\nmaterially and adversely affect the ability of the Purchaser to carry out its\nobligations under, and to consummate the transactions contemplated by, this\nAgreement and the Ancillary Agreements to which the Purchase is a party. The\nexecution and delivery by the Purchaser of this Agreement and the Ancillary\nAgreements to which it is a party, the performance by the Purchaser of its\nobligations hereunder and thereunder and the consummation by the Purchaser of\nthe transactions contemplated hereby and thereby have been duly authorized by\nall requisite action on the part of the Purchaser. This Agreement has been, and\nupon their execution the Ancillary Agreements to which the Purchaser is a party\nshall have been, duly executed and delivered by the Purchaser, and (assuming due\nauthorization, execution and delivery by the other parties hereto and thereto)\nthis Agreement constitutes, and upon their execution such Ancillary Agreements\nshall constitute, legal, valid and binding obligations of the Purchaser,\nenforceable against the Purchaser in accordance with their respective terms.\n\n (b) To the knowledge of the Purchaser, there exists no fact or set of\nfacts with respect to the Purchaser that would reasonably be likely to have a\nnegative effect on the ability of the Institution to obtain (i) the U.S. DOE\nPre-Closing Notice or (ii) approval of the change in ownership by any\nEducational Agency listed in Section 4.03 of the Disclosure Schedule.\n\n SECTION 4.02. NO CONFLICT. Assuming the making and obtaining of all\nfilings, notifications, consents, approvals, authorizations and other actions\nreferred to in Section 4.03, except as may result from any facts or\ncircumstances relating solely to the Sellers, the execution, delivery and\nperformance by the Purchaser of this Agreement and the Ancillary Agreements to\nwhich the Purchaser is a party, as the case may be, do not and will not (a)\nviolate, conflict with or result in the breach of any provision of the\ncertificate of incorporation or by-laws of the Purchaser, (b) conflict with or\nviolate any Law or Governmental Order applicable to the Purchaser or (c)\nconflict with, or result in any breach of, constitute a default (or event that\nwith the giving of notice or lapse of time, or both, would become a default)\nunder, require any consent under, or give to others any rights of termination,\namendment, acceleration, suspension, revocation or cancellation of, any note,\nbond, mortgage or indenture, contract, agreement, lease, license, permit,\nfranchise or other instrument or arrangement to which the Purchaser is a party,\nwhich would materially and adversely affect the ability of the Purchaser to\ncarry out its obligations under, and to consummate the transactions contemplated\nby, this Agreement or the Ancillary Agreements to which the Purchaser is a\nparty, as the case may be.\n\n SECTION 4.03. REQUIRED CONSENTS. Except for the Required Consents or as\notherwise set forth on Section 4.03 of the Disclosure Schedule, the execution,\ndelivery and performance by the Purchaser of this Agreement and each Ancillary\nAgreement to which the Purchaser is a party, as the case may be, is a party do\nnot and will not require any consent, approval, authorization or other order of,\naction by, filing with, or notification to any Governmental Authority or\nEducational Agency.\n\n 29\n<PAGE>\n\n SECTION 4.04. LITIGATION. No Action by or against the Purchaser is\npending or, to the knowledge of the Purchaser, threatened, that could affect the\nlegality, validity or enforceability of this Agreement, any Ancillary Agreement\nor the consummation of the transactions contemplated hereby or thereby.\n\n SECTION 4.05. FINANCING. The Purchaser has or will have available, prior\nto the Closing, sufficient funds necessary to consummate the transactions\ncontemplated by this Agreement and the Ancillary Agreements.\n\n SECTION 4.06. BROKERS. Other than with respect to arrangements made by\nor on behalf of the Purchaser for which the Purchaser shall be solely\nresponsible, no broker, finder or investment banker is entitled to any\nbrokerage, finder's or other fee or commission in connection with the\ntransactions contemplated by this Agreement or the Ancillary Agreements.\n\n SECTION 4.07. NO OTHER REPRESENTATIONS. None of the Purchaser or any of\nits directors, officers, employees, agents or representatives has made, or shall\nbe deemed to have made, and the Purchaser is not liable for or bound in any\nmanner by, any express or implied representations, warranties, guaranties,\npromises or statements pertaining to its business or any of its assets except as\nspecifically set forth in this Agreement or the Ancillary Agreements.\n\n ARTICLE V\n\n ADDITIONAL AGREEMENTS\n\n SECTION 5.01. CONDUCT OF BUSINESS PRIOR TO THE CLOSING. (A) Each of the\nSellers covenants and agrees that, except as described in Section 5.01(a) of the\nDisclosure Schedule, between the date hereof and the time of the Closing, the\nCompany shall not conduct its business other than in the ordinary course and\nconsistent with the Company's prior practice. Without limiting the generality of\nthe foregoing, except as described in Section 5.01(a) of the Disclosure\nSchedule, the Sellers shall cause the Company to (i) continue its advertising\nand promotional activities, and pricing and purchasing policies, in accordance\nwith past practice; (ii) not shorten or lengthen the customary payment cycles\nfor any of its payables or receivables; (iii) use its reasonable best efforts to\n(A) preserve intact its business organization and the business organization of\nthe Business, (B) keep available to the Purchaser the services of the employees\nof the Company, (C) continue in full force and effect without material\nmodification all existing policies or binders of insurance currently maintained\nin respect of the Company and the Business, and (D) preserve its current\nrelationships with Persons with which it has had significant business\nrelationships; (iv) exercise, but only after notice to the Purchaser and receipt\nof the Purchaser's prior written approval, any rights of renewal pursuant to the\nterms of any of the leases or subleases set forth in Section 3.16(b) of the\nDisclosure Schedule which by their terms would otherwise expire; and (v) not\nengage in any practice, take any action, fail to take any action or enter into\nany transaction which could cause any representation or warranty of the Sellers\nto be untrue or result in a breach of any covenant made by the Sellers in this\nAgreement.\n\n (b) Except as described in Section 5.01(b) of the Disclosure Schedule,\nthe Sellers covenant and agree that, between the date hereof and the Closing\nDate, without the prior written consent of the Purchaser, none of the Sellers,\nthe Company or the Institution will not do any of the things specified in the\nsecond sentence of Section 3.10 (including clauses (a) through (bb) thereof),\nsubject to the exceptions set forth therein.\n\n SECTION 5.02. ACCESS TO INFORMATION. (A) From the date hereof until the\nClosing, upon reasonable notice, the Sellers shall cause its officers,\ndirectors, employees, agents, representatives, accountants and counsel, and\nshall cause the Company and each of the Company's officers, directors,\nemployees, agents, representatives, accountants and counsel to: (i) afford the\nofficers, employees, agents, accountants, counsel, financing sources and\nrepresentatives of the Purchaser reasonable access, during normal business\nhours, to the offices, properties, plants, other facilities, books and records\nof the Company, including access to enter upon such properties, plants and\nfacilities to investigate and collect air, surface water, groundwater and soil\nsamples or to conduct any other type of environmental assessment, and to those\nofficers, directors, employees, agents, accountants and counsel of the Sellers\nand the Company who have any knowledge relating to the Company or the Business\nand (ii) furnish to the officers, employees, agents, accountants, counsel,\nfinancing sources and representatives of the Purchaser such additional financial\nand operating data and other information regarding the assets, properties,\n\n 30\n<PAGE>\n\nliabilities and goodwill of the Company and the Business (or legible copies\nthereof) as the Purchaser may from time to time reasonably request.\n\n (b) In order to facilitate the resolution of any claims made against or\nincurred by the Sellers prior to the Closing, for a period of seven years after\nthe Closing, the Purchaser shall (i) retain the books and records relating to\nthe Business and the Company relating to periods prior to the Closing in a\nmanner reasonably consistent with the prior practice of the Company and (ii)\nupon reasonable notice, afford the agents and representatives of the Sellers\nreasonable access (including the right to make, at the Sellers' expense,\nphotocopies), during normal business hours, to such books and records.\n\n (c) In order to facilitate the resolution of any claims made by or\nagainst or incurred by the Purchaser, the Company or the Institution after the\nClosing or for any other reasonable purpose, for a period of seven years\nfollowing the Closing, the Sellers shall (i) retain the books and records of the\nSellers which relate to the Business, the Company and the Institution and their\noperations for periods prior to the Closing and which shall not otherwise have\nbeen delivered to the Purchaser or the Company and (ii) upon reasonable notice,\nafford the officers, employees, agents and representatives of the Purchaser or\nthe Company reasonable access (including the right to make photocopies, at the\nexpense of the Purchaser or the Company), during normal business hours, to such\nbooks and records.\n\n SECTION 5.03. CONFIDENTIALITY. (A) The terms of the Confidentiality\nAgreement are incorporated herein by reference and shall continue in full force\nand effect until the Closing, at which time such Confidentiality Agreement and\nthe obligations of the Purchaser under this Section 5.03 shall terminate. If\nthis Agreement is, for any reason, terminated prior to the Closing, the\nConfidentiality Agreement shall continue in full force and effect in accordance\nwith its terms.\n\n (b) Each of the Sellers agrees to, and shall cause his or her agents and\nrepresentatives to, keep confidential all nonpublic information in his or her\npossession regarding the Company, the Institution and the Business (including\nany information made available to such Seller pursuant to Section 5.02(b));\nPROVIDED, HOWEVER, that none of the Sellers will be required to maintain as\nconfidential any information that (i) becomes generally available to the public\nother than as a result of disclosure by any Seller or any of its agents or\nrepresentatives in breach of this Agreement; or (ii) is required to be disclosed\npursuant to the terms of a valid subpoena or order by any Governmental Authority\nor Educational Agency or under any Law or other legal requirement; provided\nFURTHER that, in the event that such Seller or any such agent or representative\nbecomes legally compelled to disclose any such information, (x) such Seller\nshall provide the Purchaser with prompt written notice of such requirement so\nthat the Purchaser may seek a protective order or other remedy or waive\ncompliance with this Section 5.03 and (y) in the event that such protective\norder or other remedy is not obtained or the Purchaser waives compliance with\nthis Section 5.03, furnish only that portion of such confidential information\nwhich is legally required to be provided and exercise its best efforts to obtain\nassurances that confidential treatment will be accorded such information.\n\n SECTION 5.04. REGULATORY AND OTHER AUTHORIZATIONS; NOTICES AND CONSENTS.\n(A) The Sellers shall cooperate fully with the Purchaser and use all\ncommercially reasonable efforts in good faith to obtain all Required Consents,\nthe U.S. DOE Pre-Closing Notice, and any other authorizations, consents, orders\nand approvals (including any authorizations, consents, orders and approvals\nlisted in Section 4.03 of the Disclosure Schedule) that may be or become\nnecessary for its execution and delivery of, and the performance of its\nobligations pursuant to, this Agreement and the Ancillary Agreements. Each party\nhereto agrees to provide such information to Educational Agencies or the other\nparties as such may require, in connection with their review of any related\napplication. The Sellers agree to cooperate with and to assist the Purchaser\nprior to the Closing, and to provide any assistance reasonably requested by the\nPurchaser after the Closing, to obtain or renew any Educational Approvals or any\nother necessary authorizations and approvals from Governmental Authorities or\nEducational Agencies with respect to the Business, including obtaining a U.S.\nDOE Pre-Closing Notice; provided, however, that (i) the Principal Seller, on\nbehalf of himself and the other Sellers, shall have the right to review and\ncomment in advance regarding any pre-closing submissions to or filings with, and\nto participate in any meetings with, any Educational Agency, and (ii) no such\nsubmissions to, or filings or meetings with, any Educational Agency shall occur\nunless the Principal Seller and the Purchaser have consulted with each other\nregarding the subject matter of such submissions, filings or meetings.\n\n 31\n<PAGE>\n\n (b) The Sellers shall give promptly such notices to third parties and\nuse all commercially reasonable efforts, in good faith, to obtain such third\nparty consents and estoppel certificates as the Purchaser may reasonably deem\nnecessary in connection with the transactions contemplated by this Agreement and\nthe Ancillary Agreements; PROVIDED, HOWEVER, that none of the Sellers shall have\nany obligation to give any guaranty or other consideration of any nature in\nconnection with any such consent or estoppel certificates.\n\n (c) The Purchaser shall cooperate and use all commercially reasonable\nefforts, in good faith, to assist the Sellers in giving such notices to third\nparties and obtaining such third-party consents and estoppel certificates;\nPROVIDED, HOWEVER, that the Purchaser shall have no obligation to give any\nguarantee or other consideration of any nature in connection with any such\nnotice, consent or estoppel certificate or to consent to any change in the terms\nof any agreement or arrangement that the Purchaser in its reasonable discretion\nmay deem adverse to the interests of the Purchaser or the Business.\n\n (d) The Sellers and the Purchaser agree that, in the event that any\nRequired Consent or other authorization, consent, order or approval necessary or\ndesirable to preserve for the Business any right or benefit under any lease,\nlicense, contract, commitment or other agreement or arrangement to which the\nCompany or the Institution is a party is not obtained prior to the Closing, the\nSellers will, subsequent to the Closing, cooperate with the Purchaser and use\nall commercially reasonable efforts, in good faith, in attempting to obtain such\nRequired Consent or other authorization, consent, order or approval as promptly\nthereafter as practicable. If such Required Consent or other authorization,\nconsent, order or approval cannot be obtained, each of the Sellers shall use his\nor her reasonable best efforts to provide the Purchaser or the Company with the\nrights and benefits of the affected lease, license, contract, commitment or\nother agreement or arrangement for the term of such lease, license, contract or\nother agreement or arrangement, and, if the Sellers provide such rights and\nbenefits, the Purchaser shall assume the obligations and burdens thereunder.\n\n SECTION 5.05. NOTICE OF DEVELOPMENTS. Prior to the Closing, (a) the\nSellers shall promptly notify the Purchaser in writing of (i) all events,\ncircumstances, facts and occurrences arising subsequent to the date of this\nAgreement that could reasonably be expected to result in any breach of a\nrepresentation, warranty or covenant of the Sellers in this Agreement or that\ncould have the effect of making any representation or warranty of the Sellers in\nthis Agreement untrue or incorrect in any respect and (ii) all other material\ndevelopments affecting the assets, Liabilities, business, financial condition,\noperations, results of operations, customer or supplier relations, employee\nrelations, regulation, accreditation, projections or prospects of the Business\nand (b) the Purchaser shall promptly notify the Sellers in writing of all\nevents, circumstances, facts and occurrences arising subsequent to the date of\nthis Agreement that could result in any breach of a representation, warranty or\ncovenant of the Purchaser in this Agreement or that could have the effect of\nmaking any representation or warranty of the Purchaser in this Agreement untrue\nor incorrect in any respect.\n\n SECTION 5.06. NO SOLICITATION OR NEGOTIATION. The Sellers agree that\nbetween the date of this Agreement and the earlier of (a) the Closing and (b)\nthe termination of this Agreement, none of the Sellers, the Company, any of its\nAffiliates, officers or directors or any of their respective representatives or\nagents will (i) solicit, initiate, consider, encourage or accept any other\nproposals or offers from any Person (A) relating to any acquisition or purchase\nof all or any portion of the capital stock of the Company or the Assets (other\nthan Inventory to be sold in the ordinary course of business consistent with\npast practice) or (B) to enter into any merger, consolidation, business\ncombination, recapitalization, reorganization or other extraordinary business\ntransaction involving or otherwise relating to the Company or (ii) participate\nin any discussions, conversations, negotiations and other communications\nregarding, or furnish to any other Person any information with respect to, or\notherwise cooperate in any way with, assist or participate in, or facilitate or\nencourage any effort or attempt by any other Person to seek to do any of the\nforegoing. The Sellers immediately shall cease and cause to be terminated all\nexisting discussions, conversations, negotiations and other communications with\nany Persons conducted heretofore with respect to any of the foregoing. The\nSellers shall notify the Purchaser promptly if any such proposal or offer, or\nany inquiry or other contact with any Person with respect thereto, is made and\nshall, in any such notice to the Purchaser, indicate in reasonable detail the\nidentity of the Person making such proposal, offer, inquiry or contact and the\nterms and conditions of such proposal, offer, inquiry or other contact. The\nSellers agree not to, and to cause the Company not to, without the prior written\nconsent of the Purchaser, release any Person from, or waive any provision of,\nany confidentiality or standstill agreement to which any Seller or the Company\nis a party.\n\n 32\n<PAGE>\n\n SECTION 5.07. USE OF INTELLECTUAL PROPERTY. (A) The Sellers acknowledges\nthat, from and after the Closing, the Company Intellectual Property shall be\nowned by the Company, that none of the Sellers shall have any rights in the\nCompany Intellectual Property and that none of the Sellers will contest the\nownership or validity of any rights of the Purchaser or the Company in or to the\nCompany Intellectual Property.\n\n (b) From and after the Closing, none the Sellers shall use any of the\nCompany Intellectual Property or any of the Licensed Intellectual Property.\n\n SECTION 5.08. RELEASE OF INDEMNITY OBLIGATIONS. The Sellers covenant and\nagree, on or prior to the Closing, to execute and deliver to the Company, for\nthe benefit of the Company, a general release and discharge, in form and\nsubstance satisfactory to the Purchaser, releasing and discharging the Company\nfrom any and all obligations to indemnify any Seller or otherwise hold it\nharmless pursuant to any agreement or other arrangement entered into prior to\nthe Closing.\n\n SECTION 5.09. INTERCOMPANY ARRANGEMENTS. Prior to the Closing, the\nSellers shall cause any contract or arrangement that is disclosed (or should\nhave been disclosed) in Section 3.14(a)(v) of the Disclosure Schedule, other\nthan those contracts or arrangements set forth in Section 5.09 of the Disclosure\nSchedule, to be terminated or otherwise amended to exclude the Company as a\nparty thereto.\n\n SECTION 5.10. PAYMENTS ON BEHALF OF AFFILIATES. Payments made or\nreceived by the Purchaser pursuant to Article II, Article VI or Article VIII\nhereof shall, in appropriate circumstances, be made on behalf of, or received in\ntrust for the benefit of, the relevant Affiliate of the Purchaser. The Purchaser\nmay direct in writing any such payment to be made by or to the appropriate\nAffiliate, and the Sellers shall comply with any such direction received at\nleast two Business Days prior to the date such payment is due.\n\n SECTION 5.11. EMPLOYEE MATTERS. As of the date of the Closing, each\nthen-current employee of the Company (a \"Transferred Employee\") shall cease to\nbe covered by the Plans and shall be covered by the employee benefit plans of\nPurchaser or its Affiliate. The medical, dental and health plans of the\nPurchaser or its Affiliate applicable to each Transferred Employee (i) shall not\ncontain any exclusions for pre-existing conditions, (ii) shall cover as of the\ndate of the Closing each Transferred Employee who was covered by a comparable\nPlan immediately prior to the date of the Closing and (iii) shall credit each\nTransferred Employee for the plan year of the Company in which the date of the\nClosing occurs with all deductibles and co-payments applicable to the portion of\nsuch plan year occurring prior to the date of the Closing. In addition,\nPurchaser or its Affiliate shall grant each Transferred Employee full credit for\nall periods of employment with the Company for eligibility, vesting and accrual\npurposes under the employee benefit plans of Purchaser or its Affiliate\napplicable to such Transferred Employee (except that this sentence shall not\nobligate Purchaser or any of its Affiliates to grant benefit accrual service\nunder any defined benefit pension plan for any period of employment occurring\nprior to the date of the Closing); provided, however, that such crediting of\nservice shall not operate to duplicate any benefit to any such employee or the\nfunding for any such benefit.\n\n SECTION 5.12. NON-COMPETITION. (A) Each of the Sellers agrees that, for\na period of five years after the Closing Date (the \"Restricted Period\"), without\nthe prior written consent of the Purchaser, such Seller shall not, directly or\nindirectly, (i) engage in any activity anywhere in the Restricted Territory\ninvolving the provision of post-secondary education services of the kind\nprovided by the Company, the Institution or the Business (a \"Restricted\nBusiness\"), or (ii) own an interest in, manage, operate, join, control, lend\nmoney or render financial or other assistance to, or participate in or be\nconnected with, as an officer, employee, partner, stockholder, agent or\nconsultant, any Restricted Business. For purposes of this Section 5.12(a), the\n\"Restricted Territory\" means the State of Florida.\n\n (b) As a separate and independent covenant, each of the Sellers agrees\nwith the Purchaser that, for a period of five years following the Closing, such\nSeller will not in any way, directly or indirectly, interfere with or attempt to\ninterfere with any officers, employees, representatives or agents of the Company\nor the Business, or induce or attempt to induce any of them to leave the employ\nof the Purchaser, the Company or the Business or violate the terms of their\ncontracts, or any employment arrangements, with the Purchaser; PROVIDED,\nHOWEVER, that the foregoing will not prohibit a general solicitation to the\npublic of general advertising.\n\n 33\n<PAGE>\n\n (c) The Restricted Period shall be extended by the length of any period\nduring which any Seller is in breach of the terms of this Section 5.12.\n\n (d) Each of the Sellers acknowledges that the covenants set forth in\nthis Section 5.12 are an essential element of this Agreement and that, but for\ntheir agreement to comply with these covenants, the Purchaser would not have\nentered into this Agreement. Each of the Sellers acknowledges that (i) this\nSection 5.12 constitutes an independent covenant that shall not be affected by\nperformance or nonperformance of any other provision of this Agreement by the\nPurchaser, and (ii) $200,000 of the Purchase Price shall be consideration\nallocable to such independent covenant. Each of the Sellers has independently\nconsulted with its counsel and after such consultation agrees that the covenants\nset forth in this Section 5.12 are reasonable and proper.\n\n SECTION 5.13. PAYMENT OBLIGATIONS. Immediately following the Closing,\nthe Sellers shall pay all outstanding amounts with respect to and satisfy in\nfull, and shall deliver to the Purchaser \"payoff\" letters or similar releases or\nconfirmations from third parties in forms reasonably satisfactory to the\nPurchaser with respect to, the obligations set forth in Section 5.13(a) of the\nDisclosure Schedule. The Sellers shall be responsible for all costs and expenses\nrelated to the capital projects described in Section 5.13(b) of the Disclosure\nSchedule.\n\n SECTION 5.14. INVESTMENTS. The Sellers shall take all actions necessary\nto distribute, prior to the Closing, to the Sellers all the right, title,\ninterest and obligation related to each investment listed in Section 5.14 of the\nDisclosure Schedule.\n\n SECTION 5.15. FURTHER ACTION. Each of the parties hereto shall use all\nreasonable efforts to take, or cause to be taken, all appropriate action, do or\ncause to be done all things necessary, proper or advisable under applicable Law,\nand to execute and deliver such documents and other papers, as may be required\nto carry out the provisions of this Agreement and consummate and make effective\nthe transactions contemplated by this Agreement.\n\n ARTICLE VI\n\n TAX MATTERS\n\n SECTION 6.01. INDEMNITY. (A) The Sellers agree to indemnify and hold\nharmless, on a joint and several basis, the Purchaser and the Company against\nExcluded Taxes and, except as otherwise provided in Section 6.04, against any\nloss, damage, liability or expense, including reasonable fees for attorneys and\nother outside consultants incurred in contesting or otherwise in connection with\nany such Taxes.\n\n (b) In the case of Taxes that are payable with respect to a Straddle\nPeriod, the portion of any such Tax that is allocable to the portion of the\nStraddle Period ending on the date of the Closing shall be:\n\n (i) in the case of Taxes that are either (x) based upon or\n related to income or receipts, or (y) imposed in connection with any\n sale or other transfer or assignment of property (real or personal,\n tangible or intangible) (other than conveyances pursuant to this\n Agreement, as provided under Section 6.07), deemed equal to the amount\n which would be payable if the taxable year ended on the date of the\n Closing; and\n\n (ii) in the case of Taxes imposed on a periodic basis with\n respect to the assets of the Company or otherwise measured by the level\n of any item, deemed to be the amount of such Taxes for the entire period\n (or, in the case of such Taxes determined on an arrears basis, the\n amount of such Taxes for the immediately preceding period), multiplied\n by a fraction, the numerator of which is the number of calendar days in\n the period ending on the date of the Closing and the denominator of\n which is the number of calendar days in the entire Straddle Period. Any\n credit or refund resulting from an overpayment of Taxes for a Straddle\n Period shall be prorated based upon the method employed in this Section\n 6.01(b) taking into account the type of the Tax to which the refund\n relates. In the case of any Tax based upon or measured by capital\n (including net worth or long-term debt) or intangibles, any amount\n thereof required to be allocated under this Section 6.01(b) shall be\n computed by reference to the level of such items on the date of the\n 34\n<PAGE>\n\n Closing. All determinations necessary to effect the foregoing\n allocations shall be made in a manner consistent with prior practice of\n the Company.\n\n SECTION 6.02. RETURNS AND PAYMENTS. (A) From the date of this Agreement\nthrough and after the Closing, the Sellers shall prepare and file or otherwise\nfurnish in proper form to the appropriate Governmental Authority (or cause to be\nprepared and filed or so furnished) in a timely manner all Tax Returns relating\nto the Company that are due on or before or relate to any taxable period ending\non or before the date of the Closing (and the Purchaser shall do the same with\nrespect to any taxable period ending after the Closing). Tax Returns of the\nCompany not yet filed for any taxable period that begins before the date of the\nClosing shall be prepared in a manner consistent with past practices employed\nwith respect to the Company (except to the extent that counsel for the Sellers\nor the Company renders a legal opinion that there is no reasonable basis in law\ntherefor or determines that a Tax Return cannot be so prepared and filed without\nbeing subject to penalties). With respect to any such Tax Return required to be\nfiled by the Purchaser or the Sellers, the filing party shall provide the other\nparty and its authorized representatives with a copy of such completed Tax\nReturn and, if applicable, a statement certifying the amount of Tax shown on\nsuch Tax Return that is allocable to such other party pursuant to Section\n6.01(b), together with appropriate supporting information and schedules at least\n20 Business Days prior to the due date (including any extension hereof) for the\nfiling of such Tax Return, and such other party and its authorized\nrepresentatives shall have the right to review and comment on such Tax Return\nand statement prior to the filing of such Tax Return.\n\n (b) The Sellers shall pay, or cause to be paid, when due and payable all\nTaxes with respect to the Company for any Pre-Closing Period, and the Purchaser\nshall so pay or cause to be paid Taxes for any Post-Closing Period (subject to\nits right of indemnification from the Sellers by the date set forth in Section\n6.05 for Taxes attributable to the portion of any Straddle Period pursuant to\nSections 6.01(a) and 6.01(b)).\n\n SECTION 6.03. REFUNDS. Any Tax refund (including any interest with\nrespect thereto) relating to the Company for any Pre-Closing Period, other than\nTax refunds to the extent of the amount included in Working Capital, shall be\nthe property of the Sellers, and if received by the Purchaser or the Company\nshall be paid over promptly to the Principal Seller for distribution to the\nSellers. Notwithstanding the foregoing, (a) any Tax refund (or equivalent\nbenefit to the Sellers through a reduction in Tax liability) for any Pre-Closing\nPeriod arising out of the carryback of a loss of credit incurred by the Company\nin any Post-Closing Period shall be the property of the Purchaser and, if\nreceived by the Sellers, shall be paid over promptly to the Purchaser; and (b)\nif a taxing authority subsequently disallows any refund with respect to which\nthe Sellers have received a payment pursuant to this Section 6.03, the Sellers\nshall promptly pay (or cause to be paid) to the Purchaser the full amount of\nsuch refund (including any interest with respect thereto).\n\n SECTION 6.04. CONTESTS. (A) After the Closing, the Purchaser shall\npromptly notify the Principal Seller in writing of any written notice of a\nproposed assessment or claim in an audit or administrative or judicial\nproceeding of the Purchaser or the Company which, if determined adversely to the\ntaxpayer, would be grounds for indemnification under this Article VI; provided,\nhowever, that the failure to give such notice will not affect the Purchaser's\nright to indemnification under this Article VI except to the extent, if any,\nthat, but for such failure, the Sellers could have avoided all or a portion of\nthe Tax liability in question.\n\n (b) In the case of an audit or administrative or judicial proceeding\nthat relates to Pre-Closing Periods, provided that, and only to the extent that,\nthe Sellers acknowledge in writing their liability under this Agreement to hold\nthe Purchaser and the Company harmless against the full amount of any adjustment\nwhich may be made as a result of such audit or proceeding that relates to\nPre-Closing Periods, the Principal Seller shall have the right at his expense to\nparticipate in and control the conduct of such audit or proceeding; the\nPurchaser also may participate in any such audit or proceeding and, if the\nPrincipal Seller does not assume the defense of any such audit or proceeding,\nthe Purchaser may defend the same in such manner as it may deem appropriate,\nincluding settling such audit or proceeding after five days prior written notice\nto the Principal Seller setting forth the terms and conditions of settlement.\nNotwithstanding anything to the contrary contained in Section 8.05, in the event\nthat issues relating to a potential adjustment for which the Sellers have\nacknowledged liability are required to be contested in the same audit or\nproceeding as separate issues relating to a potential adjustment for which the\nPurchaser would be liable, the Purchaser shall have the right, at its expense,\nto control the audit or proceeding with respect to the latter issues.\n\n 35\n<PAGE>\n\n (c) Notwithstanding anything to the contrary contained in Section 8.05,\nwith respect to issues relating to a potential adjustment for which both the\nSellers (as evidenced by its written acknowledgement under this Section 6.04)\nand the Purchaser or the Company could be liable, (i) both the Principal Seller\nand the Purchaser may participate in the audit or proceeding and (ii) the audit\nor proceeding shall be controlled by that party which would bear the burden of\nthe greater portion of the sum of the adjustment and any corresponding\nadjustments that may reasonably be anticipated for future taxable periods. The\nprinciple set forth in this Section 6.04(c) also shall govern for purposes of\ndeciding any issue that must be decided jointly (including choice of judicial\nforum) in situations in which separate issues are otherwise controlled under\nthis Article VI by the Purchaser and the Principal Seller.\n\n (d) With respect to any Tax audit or proceeding for a taxable period\nthat begins before the date of the Closing, neither the Purchaser nor the\nPrincipal Seller shall enter into any compromise or agree to settle any claim\npursuant to such audit or proceeding which would adversely affect the other\nparty for such taxable period or a subsequent taxable period without the written\nconsent of the other party, which consent may not be unreasonably withheld. The\nPurchaser and the Principal Seller agree to cooperate, and the Purchaser agrees\nto cause the Company to cooperate, in the defense against or compromise of any\nclaim in any such audit or proceeding.\n\n SECTION 6.05. TIME OF PAYMENT. Payment by the Sellers of any amounts due\nunder this Article VI in respect of Taxes shall be made (a) at least three\nBusiness Days before the due date of the applicable estimated or final Tax\nReturn required to be filed by the Purchaser on which is required to be reported\nincome for a taxable period ending after the date of the Closing for which the\nSellers are responsible under Sections 6.01(a) and 6.01(b) without regard to\nwhether the Tax Return shows overall net income or loss for such period or (b)\nwithin three Business Days following an agreement between the Principal Seller\nand the Purchaser that an indemnity amount is payable, an assessment of a Tax by\na taxing authority, or a \"determination\" as defined in Section 1313(a) of the\nCode. If liability under this Article VI is in respect of costs or expenses\nother than Taxes, payment by the Sellers of any amounts due under this Article\nVI shall be made within five Business Days after the date when the Principal\nSeller has been notified by the Purchaser that the Sellers have a liability for\na determinable amount under this Article VI and is provided with calculations or\nother materials supporting such liability.\n\n SECTION 6.06. TAX COOPERATION AND EXCHANGE OF INFORMATION. The Sellers\nand the Purchaser shall provide each other with such cooperation and information\nas either of them reasonably may request of the other (and the Purchaser shall\ncause the Company to provide such cooperation and information) in (a) filing any\nTax Return, amended Tax Return or claim for refund, (b) determining a liability\nfor Taxes or a right to a refund of Taxes, (c) participating in or conducting\nany audit or other proceeding in respect of Taxes, or (d) making representations\nto or furnishing information to parties subsequently desiring to purchase any\npart of the Assets, the Business or the Company from the Purchaser. Such\ncooperation and information shall include providing copies of relevant Tax\nReturns or portions thereof, together with related work papers and documents\nrelating to rulings or other determinations by taxing authorities. The Sellers\nand the Purchaser shall make themselves (and their respective employees)\nreasonably available on a mutually convenient basis to provide explanations of\nany documents or information provided under this Section 6.06. Notwithstanding\nanything to the contrary in Section 5.02, each Seller and the Purchaser shall\nretain all Tax Returns, work papers and all material records or other documents\nin its possession (or in the possession of its Affiliates) relating to Tax\nmatters of the Company for any taxable period that includes the date of the\nClosing and for all prior taxable periods until the later of (i) the expiration\nof the statute of limitations of the taxable periods to which such Tax Returns\nand other documents relate, without regard to extensions, and (ii) six years\nfollowing the due date (without extension) for such Tax Returns. After such\ntime, before any Seller or the Purchaser shall dispose of any such documents in\nhis, her or its possession (or in the possession of Affiliates), the other\nparties shall be given an opportunity, after 90 days prior written notice, to\nremove and retain all or any part of such documents as such other party may\nselect (at such other party's expense). Any information obtained under this\nSection 6.06 shall be kept confidential, except as may be otherwise necessary in\nconnection with the filing of Tax Returns or claims for refund or in conducting\nan audit or other proceeding.\n\n SECTION 6.07. CONVEYANCE TAXES. The Sellers shall be liable for and\nshall hold the Purchaser harmless against, on a joint and several basis, any\nConveyance Taxes which become payable in connection with the transactions\ncontemplated by this Agreement. The Sellers, after the review and consent by the\nPurchaser, shall file such applications and documents as shall permit any such\nConveyance Taxes to be assessed and paid on or prior to the Closing in\naccordance with any available pre-sale filing procedure. The Purchaser shall\nexecute and deliver all instruments and certificates necessary to enable the\nSellers to comply with the foregoing. The Purchaser shall\n\n 36\n<PAGE>\n\ncomplete and execute a resale or other exemption certificate with respect to the\ninventory items sold hereunder, and shall provide the Sellers with an executed\ncopy thereof.\n\n SECTION 6.08. MISCELLANEOUS. (A) The Sellers and the Purchaser agree to\ntreat all payments made by either of them to or for the benefit of the other\n(including any payments to the Company) under this Article VI, under other\nindemnity provisions of this Agreement and for any misrepresentations or\nbreaches of warranties or covenants as adjustments to the Purchase Price or as\ncapital contributions for Tax purposes and that such treatment shall govern for\npurposes hereof except to the extent that the Laws of a particular jurisdiction\nprovide otherwise, in which case such payments shall be made in an amount\nsufficient to indemnify the relevant party on an after-Tax basis.\n\n (b) All payments payable under any tax sharing agreement or arrangement\nbetween any Seller and the Company for any taxable period ending on or prior to\nthe date of the Closing shall be calculated on a basis consistent with past\npractice and shall be payable in full prior to the Closing. Any such tax sharing\nagreement or arrangement between any Seller and the Company shall be terminated\nprior to the Closing.\n\n (c) Notwithstanding any provisions in this Agreement to the contrary,\nthe obligations of the Sellers to indemnify and hold harmless the Purchaser and\nthe Company pursuant to this Article VI, and the representations and warranties\ncontained in Section 3.24, shall terminate at the close of business on the 120th\nday following the expiration of the applicable statute of limitations with\nrespect to the Tax liabilities in question (giving effect to any waiver,\nmitigation or extension thereof).\n\n (d) From and after the date of this Agreement, no Seller shall, without\nthe prior written consent of the Purchaser (which may, in its sole and absolute\ndiscretion, withhold such consent), make, or cause or permit to be made, any Tax\nelection that would affect the Company.\n\n (e) For purposes of this Article VI, \"the Purchaser\" and \"a Seller,\"\nrespectively, shall include each member of the affiliated group of corporations\nof which it is or becomes a member (other than the Company, except to the extent\nexpressly referenced).\n\n (f) The Purchaser shall be entitled to recover professional fees and\nrelated costs that it may reasonably incur to enforce the provisions of this\nArticle VI.\n\n (g) Notwithstanding anything to the contrary in this Agreement, the\nrights and obligations of the parties with respect to indemnification for any\nand all Tax matters shall be governed solely by this Article VI.\n\n ARTICLE VII\n\n CONDITIONS TO CLOSING\n\n SECTION 7.01. CONDITIONS TO OBLIGATIONS OF THE SELLERS. The obligations\nof the Sellers to consummate the transactions contemplated by this Agreement\nshall be subject to the fulfillment or waiver, at or prior to the Closing, of\neach of the following conditions:\n\n (a) REPRESENTATIONS, WARRANTIES AND COVENANTS. The\n representations and warranties of the Purchaser contained in this\n Agreement shall have been true and correct when made and shall be true\n and correct in all material respects as of the Closing, in each case\n with the same force and effect as if made as of the Closing Date, other\n than such representations and warranties as are made as of another date\n which shall be true and correct in all material respects as of such\n date; the covenants and agreements contained in this Agreement to be\n complied with by the Purchaser on or before the Closing Date shall have\n been complied with in all material respects, and the Sellers shall have\n received a certificate from the Purchaser to such effect signed,\n respectively, by a duly authorized officer thereof; and\n\n (b) NO ORDER. No Governmental Authority shall have enacted,\n issued, promulgated, enforced or entered any Law or Governmental Order\n which is in effect and has the effect of making the\n\n 37\n<PAGE>\n\n transactions contemplated by this Agreement illegal or otherwise\n restraining or prohibiting consummation of such transactions.\n\n SECTION 7.02. CONDITIONS TO OBLIGATIONS OF THE PURCHASER. The\nobligations of the Purchaser to consummate the transactions contemplated by this\nAgreement shall be subject to the fulfillment or waiver, at or prior to the\nClosing, of each of the following conditions:\n\n (a) REPRESENTATIONS, WARRANTIES AND COVENANTS. The\n representations and warranties of the Sellers and contained in this\n Agreement (i) that are not qualified by \"materiality\" or \"Material\n Adverse Effect\" shall have been true and correct when made and shall be\n true and correct in all material respects as of the Closing Date, with\n the same force and effect as if made as of the Closing Date and (ii)\n that are qualified by \"materiality\" or \"Material Adverse Effect\" shall\n have been true and correct when made and shall be true and correct as of\n the Closing Date with the same force and effect as if made as of the\n Closing Date, other than, in each case, such representations and\n warranties as are made as of another date, which shall be true and\n correct as set forth in clause (i) or (ii), as applicable, as of such\n date; the covenants and agreements contained in this Agreement to be\n complied with by the Sellers on or before the Closing Date shall have\n been complied with in all material respects, and the Purchaser shall\n have received a certificate of the Sellers to such effect signed by a\n duly authorized officer thereof;\n\n (b) NO ORDER. No Governmental Authority shall have enacted,\n issued, promulgated, enforced or entered any Law or Governmental Order\n which is in effect and has the effect of making the transactions\n contemplated by this Agreement illegal or otherwise restraining or\n prohibiting consummation of such transactions;\n\n (c) CONSENTS AND APPROVALS. The Sellers shall have delivered to\n the Purchaser the Required Consents and the consent referenced in\n Section 3.05 of the Disclosure Schedule, and the Purchaser shall have\n received the U.S. DOE Pre-Closing Notice and any other pre-Closing\n authorizations, consents, orders and approvals listed in Sections 3.06\n and 4.03 of the Disclosure Schedule;\n\n (d) TITLE INSURANCE FOR OWNED REAL PROPERTY. The Purchaser shall\n receive, at the Purchaser's expense, from Attorney's Title Insurance\n Fund, Inc. or any other company approved by the Purchaser (the \"TITLE\n COMPANY\"), an owner's policy of title insurance, or irrevocable and\n unconditional binder to issue the same, dated, or updated to, the date\n of the Closing, insuring, or committing to insure, at its ordinary\n premium rates, the Purchaser's good and marketable title in fee simple\n to the Owned Real Property, subject only to the Permitted Encumbrances\n and the items set forth in Schedule B to the lender's policy of title\n insurance already in place with respect to the Owned Real Property, with\n all standard printed exceptions waived, and containing such affirmative\n endorsements as desired by the Purchaser, acting reasonably;\n\n (e) SURVEY. The Purchaser shall have received, at the\n Purchaser's expense, a currently dated as-built ALTA survey of the Owned\n Real Property, prepared and certified to the Purchaser and the Title\n Company by a certified or registered surveyor approved by the Purchaser.\n Such survey shall (i) be in form and substance satisfactory to the\n Purchaser and the Title Company; (ii) show any improvements, the\n location of all easements, rights of way, sewer and water lines,\n building lines and encroachments, the location of all required building\n set-back lines and other dimensional regulations and any wetlands; and\n (iii) show the location of all abutting or adjoining streets, alleys,\n curb cuts and the like. In addition, the Purchaser shall have received a\n Surveyor's Certificate executed by such surveyor, in form and substance\n reasonably satisfactory to Purchaser;\n\n (f) NO MATERIAL ADVERSE EFFECT. No event or events shall have\n occurred, which, individually or in the aggregate, have, or would\n reasonably be expected to have, a Material Adverse Effect; and\n\n (g) OPINION. The Purchaser shall have received a regulatory\n opinion from Drinker Biddle & Reath LLP, dated as of the Closing Date,\n substantially in the form and to the effect of Exhibit 7.02(g) hereto.\n\n 38\n<PAGE>\n\n ARTICLE VIII\n\n INDEMNIFICATION\n\n SECTION 8.01. SURVIVAL OF REPRESENTATIONS AND WARRANTIES. (A) The\nrepresentations and warranties of the Sellers contained in this Agreement and\nthe Ancillary Agreements to which any Seller is a party shall survive the\nClosing for eighteen months from the Closing Date; provided, however, that (i)\nthe representations and warranties made pursuant to Sections 3.01\n(Organization), 3.03 (Capitalization), 3.18 (Assets) and 3.29 (Brokers) shall\nsurvive indefinitely, and (ii) the representations and warranties dealing with\nTax matters shall survive the Closing until 120 calendar days following the\nexpiration of the applicable statute of limitations governing such claims\n(giving effect to any waiver or extension thereof). Neither the period of\nsurvival nor the liability of the Sellers with respect to the Sellers'\nrepresentations and warranties shall be reduced by any investigation made at any\ntime by or on behalf of the Purchaser. If written notice of a claim has been\ngiven prior to the expiration of the applicable representations and warranties\nby the Purchaser to the Principal Seller, then the relevant representations and\nwarranties shall survive as to such claim until such claim has been finally\nresolved.\n\n (b) The representations and warranties of the Purchaser contained in\nthis Agreement and the Ancillary Agreements to which the Purchaser is a party\nshall survive the Closing for eighteen months from the Closing Date. Neither the\nperiod of survival nor the liability of the Purchaser with respect to such\nparty's representations and warranties shall be reduced by any investigation\nmade at any time by or on behalf of the Sellers. If written notice of a claim\nhas been given prior to the expiration of the applicable representations and\nwarranties by the Sellers to the Purchaser, then the relevant representations\nand warranties shall survive as to such claim until such claim has been finally\nresolved.\n\n SECTION 8.02. INDEMNIFICATION BY THE SELLERS. (A) The Purchaser and its\nAffiliates and the officers, directors, employees and agents of the foregoing\n(each a \"Purchaser Indemnified Party\") shall be indemnified and held harmless,\non a joint and several basis, by the Sellers for and against any and all\nLiabilities, losses, damages, claims, costs and expenses, interest, awards,\njudgments and penalties (including reasonable attorneys' fees and expenses)\nactually suffered or incurred by them (including any Action brought or otherwise\ninitiated by any of them) (hereinafter a \"Loss\") arising out of or resulting\nfrom:\n\n (i) the breach of any representation or warranty made by the\n Sellers contained in any Acquisition Document, in each case without\n giving effect to any materiality or \"Material Adverse Effect\" qualifiers\n set forth therein;\n\n (ii) the breach of any covenant or agreement by the Sellers\n contained in any Acquisition Document;\n\n (iii) Liabilities of the Company to the extent not reflected on\n the Closing Statement of Net Current Assets, whether arising before or\n after the Closing, arising from or relating to the ownership or actions\n or inactions of the Company or the conduct of the Business prior to the\n Closing; or\n\n (iv) any and all Losses suffered or incurred by the Purchaser or\n the Company by reason of or in connection with any claim or cause of\n action of any third party to the extent arising out of any action,\n inaction, event, condition, liability or obligation of any Seller or the\n Company occurring or existing prior to the Closing.\n\n (b) To the extent that the undertakings of the Sellers set forth in this\nSection 8.02 may be unenforceable, the Sellers shall contribute the maximum\namount that it is permitted to contribute under applicable Law to the payment\nand satisfaction of all Losses incurred by the Purchaser Indemnified Parties.\n\n SECTION 8.03. INDEMNIFICATION BY THE PURCHASER. (A) Each of the Sellers\n(each a \"Seller Indemnified Party\") shall be indemnified and held harmless by\nthe Purchaser for and against any and all Losses arising out of or resulting\nfrom:\n\n 39\n<PAGE>\n\n (i) the breach of any representation or warranty made by the\n Purchaser contained in this Agreement or any of the Ancillary Agreements\n to which the Purchaser is a party; or\n\n (i) the breach of any covenant or agreement by the Purchaser\n contained in this Agreement or any of the Ancillary Agreements to which\n the Purchaser is a party.\n\n (b) To the extent that the undertakings of the Purchaser set forth in\nthis Section 8.03 may be unenforceable, the Purchaser shall contribute the\nmaximum amount that it is permitted to contribute under applicable Law to the\npayment and satisfaction of all Losses incurred by the Seller Indemnified\nParties.\n\n SECTION 8.04. LIMITS ON INDEMNIFICATION. Notwithstanding anything to the\ncontrary contained in this Agreement, (a) an Indemnifying Party shall not be\nliable for any claim for indemnification pursuant to Section 8.02(a)(i) or\n8.03(a)(i), as applicable, unless and until the aggregate amount of\nindemnifiable Losses which may be recovered from the Indemnifying Party equals\nor exceeds $250,000, after which the Indemnifying Party shall be liable only for\nthose Losses in excess of $250,000, and (b) the maximum amount of indemnifiable\nLosses which may be recovered from an Indemnified Party pursuant to Section\n8.02(a)(i) or 8.03(a)(i), as applicable, shall be an amount equal to $7,500,000.\nThe provisions of this Section 8.04 shall not apply with respect to\nindemnification for Taxes.\n\n SECTION 8.05. INDEMNIFICATION PROCEDURES. An Indemnified Party shall\ngive the Indemnifying Party notice of any matter that an Indemnified Party has\ndetermined has given or could give rise to a right of indemnification under this\nAgreement, within 30 days of such determination, stating the amount of the Loss,\nif known, and method of computation thereof, and containing a reference to the\nprovisions of this Agreement in respect of which such right of indemnification\nis claimed or arises, provided, however, that the failure to provide such notice\nto the Indemnifying Party shall not release or relieve the Indemnifying Party\nfrom any of its obligations under this Article VIII except to the extent that\nthe Indemnifying Party is materially prejudiced by such failure and shall not\nrelieve the Indemnifying Party from any other obligation or Liability that it\nmay have to any Indemnified Party otherwise than under this Article VIII. The\nobligations and Liabilities of the Indemnifying Party under this Article VIII\nwith respect to Losses arising from claims of any third party that are subject\nto the indemnification provided for in this Article VIII (\"Third Party Claims\")\nshall be governed by and be contingent upon the following additional terms and\nconditions: if the Indemnifying Party acknowledges in writing its obligation to\nindemnify the Indemnified Party hereunder against any Losses that may result\nfrom such Third Party Claim, the Indemnifying Party shall be entitled to assume\nand control the defense of such Third Party Claim at its expense and through\ncounsel of its choice if it gives written notice of its intention to do so to\nthe Indemnified Party within 10 days of the receipt of such notice from the\nIndemnified Party; provided, however, that, if there exists or is reasonably\nlikely to exist a conflict of interest that would make it inappropriate, in the\njudgment of the Indemnified Party, in its reasonable discretion, for the same\ncounsel to represent both the Indemnified Party and the Indemnifying Party, then\nthe Indemnified Party shall be entitled to retain its own counsel in each\njurisdiction for which the Indemnified Party determines counsel is required at\nthe expense of the Indemnifying Party, and provided, further, that in the event\nof a Third-Party Claim relating to Taxes, the Indemnified Party shall be\nentitled to retain control to the extent that the Third Party Claim involves\nmatters that are not indemnified hereunder or otherwise could increase the tax\nliability for a period after the Closing Date. In the event that the\nIndemnifying Party exercises the right to undertake any such defense against any\nsuch Third Party Claim as provided above, the Indemnified Party shall cooperate\nwith the Indemnifying Party in such defense and make available to the\nIndemnifying Party, at the Indemnifying Party's expense, all witnesses,\npertinent records, materials and information in the Indemnified Party's\npossession or under the Indemnified Party's control relating thereto as is\nreasonably required by the Indemnifying Party. Similarly, in the event the\nIndemnified Party is, directly or indirectly, conducting the defense against any\nsuch Third Party Claim, the Indemnifying Party shall cooperate with the\nIndemnified Party in such defense and make available to the Indemnified Party,\nat the Indemnifying Party's expense, all such witnesses, records, materials and\ninformation in the Indemnifying Party's possession or under the Indemnifying\nParty's control relating thereto as is reasonably required by the Indemnified\nParty. No such Third Party Claim may be settled by the Indemnifying Party\nwithout the prior written consent of the Indemnified Party, which consent shall\nnot be unreasonably withheld. The Indemnifying Party will make promptly any\npayment required to be made by it to the Indemnified Party under this Article\nVIII. Notwithstanding the foregoing, if an Indemnified Party reasonably believes\nan adverse determination with respect to the action, lawsuit, investigation,\nproceeding or other claim giving rise to such claim for indemnification could\nmaterially adversely affect any Educational Approval of the Institution or the\nInstitution's ability to participate fully\n\n 40\n<PAGE>\n\nin the Title IV Programs, the Indemnified Party may, by notice to the\nIndemnifying Party, assume the exclusive right to defend, compromise, or settle\nsuch matter, provided that the Indemnifying Party shall not be bound by a\nsettlement effected without its consent (which may not be unreasonably\nwithheld).\n\n SECTION 8.06. DISTRIBUTIONS FROM ESCROW ACCOUNT. In the event that (a)\nthe Principal Seller shall not have objected to the amount claimed by the\nPurchaser for indemnification with respect to any Loss in accordance with the\nprocedures set forth in the Escrow Agreement or (b) the Principal Seller shall\nhave delivered notice of its disagreement as to the amount of any\nindemnification requested by the Purchaser and either (i) the Principal Seller\nand the Purchaser shall have, subsequent to the giving of such notice, mutually\nagreed that the Sellers are obligated to indemnify the Purchaser for a specified\namount and shall have so jointly notified the Escrow Agent or (ii) a final\nnonappealable judgment shall have been rendered by the court having jurisdiction\nover the matters relating to such claim by the Purchaser for indemnification\nfrom the Sellers and the Escrow Agent shall have received, in the case of clause\n(i) above, written instructions from the Principal Seller and the Purchaser or,\nin the case of clause (ii) above, a copy of the final nonappealable judgment of\nthe court, the Escrow Agent shall deliver to the Purchaser from the Escrow\nAccount any amount determined to be owed to the Purchaser under this Article\nVIII in accordance with the Escrow Agreement. If and to the extent the Escrow\nAmount is insufficient to cover any amount determined to be owed to the\nPurchaser under this Article VIII, then the Sellers shall pay the amount of such\ndeficiency to the Purchaser by wire transfer in immediately available funds to a\nbank account designated by the Purchaser.\n\n ARTICLE IX\n\n TERMINATION, AMENDMENT AND WAIVER\n\n SECTION 9.01. TERMINATION. This Agreement may be terminated at any time\nprior to the Closing:\n\n (a) by either the Sellers or the Purchaser if the Closing shall\n not have occurred on or before August 1, 2006; PROVIDED, HOWEVER, that\n the right to terminate this Agreement under this Section 9.01(a) shall\n not be available to a party whose failure to fulfill any obligation\n under this Agreement shall have been the cause of, or shall have\n resulted in, the failure of the Closing to occur on or prior to such\n date;\n\n (b) by the Purchaser, upon a material breach of any\n representation, warranty, covenant or agreement of the Sellers set forth\n in this Agreement, or if any representation or warranty of the Sellers\n shall have become untrue, in either case such that the conditions set\n forth in Section 7.02 would not be satisfied; PROVIDED, HOWEVER, that if\n such breach is curable by the Sellers through the exercise of its\n reasonable best efforts within 30 days of its receipt of the Purchaser's\n written notice of such breach, then the Purchaser may not terminate this\n Agreement pursuant to this Section 9.01(b) prior to the expiration of\n such 30-day period;\n\n (c) by the Sellers, upon a material breach of any\n representation, warranty, covenant or agreement of the Purchaser set\n forth in this Agreement, or if any representation or warranty of the\n Purchaser shall have become untrue, in either case such that the\n conditions set forth in Section 7.01 would not be satisfied; PROVIDED,\n HOWEVER, that if such breach is curable by the Purchaser through the\n exercise of its reasonable best efforts within 30 days of its receipt of\n the Principal Seller's written notice of such breach, then the Sellers\n may not terminate this Agreement pursuant to this Section 9.01(c) prior\n to the expiration of such 30-day period;\n\n (d) by either the Purchaser or the Sellers in the event that any\n Governmental Authority shall have issued a Governmental Order or taken\n any other action restraining, enjoining or otherwise prohibiting the\n transactions contemplated by this Agreement and such Governmental Order\n or other action shall have become final and nonappealable; or\n\n (b) by the mutual written consent of the Sellers and the\n Purchaser.\n\n 41\n<PAGE>\n\n SECTION 9.02. EFFECT OF TERMINATION. (A) In the event of termination of\nthis Agreement as provided in Section 9.01, this Agreement shall forthwith\nbecome void and there shall be no liability on the part of any party hereto\nrelating to or arising out of this Agreement except (i) as set forth in Section\n5.03 and Article X and (ii) that nothing herein shall relieve any party from\nliability for any breach of this Agreement.\n\n SECTION 9.03. AMENDMENT. This Agreement may not be amended or modified\nexcept (a) by an instrument in writing signed by or on behalf of the parties\nhereto or (b) by a waiver in accordance with Section 9.04.\n\n SECTION 9.04. WAIVER. Any party hereto may (a) extend the time for the\nperformance of any of the obligations or other acts of another party, (b) waive\nany inaccuracies in the representations and warranties of another party\ncontained herein or in any document delivered by another party pursuant hereto\nor (c) waive compliance with any of the agreements of another party or\nconditions to such party's obligations contained herein. Any such extension or\nwaiver shall be valid only if set forth in an instrument in writing signed by\nthe party or parties to be bound thereby. Any waiver of any term or condition\nshall not be construed as a waiver of any subsequent breach or a subsequent\nwaiver of the same term or condition, or a waiver of any other term or condition\nof this Agreement. The failure of any party to assert any of its rights\nhereunder shall not constitute a waiver of any of such rights. All rights and\nremedies existing under this Agreement are cumulative to, and not exclusive of,\nany rights or remedies otherwise available.\n\n ARTICLE X\n\n GENERAL PROVISIONS\n\n SECTION 10.01. EXPENSES. Except as otherwise specified in this\nAgreement, all costs and expenses, including fees and disbursements of counsel,\nfinancial advisors and accountants, incurred in connection with this Agreement\nand the transactions contemplated by this Agreement shall be paid by the party\nincurring such costs and expenses, whether or not the Closing shall have\noccurred.\n\n SECTION 10.02. NOTICES. All notices, requests, claims, demands and other\ncommunications hereunder shall be in writing and shall be given or made (and\nshall be deemed to have been duly given or made upon receipt) by delivery in\nperson, by nationally recognized overnight courier service, by telecopy, by\nfacsimile, by email or by registered or certified mail (postage prepaid, return\nreceipt requested) to the respective parties at the following addresses (or at\nsuch other address for a party as shall be specified in a notice given in\naccordance with this Section 10.02):\n\n (a) if to any Seller:\n\n Richard I. Gouse\n New England Institute of Technology, Inc.\n 2500 Post Road\n Warwick, RI 02886-2266\n Telephone: (401) 739-5000\n Facsimile: (401) 738-8990\n Email: rgouse@neit.edu\n\n with a copy to:\n\n Cameron & Mittleman LLP\n 56 Exchange Terrace\n Providence, RI 02903\n Telephone: (401) 331-5700\n Facsimile: (401) 331-5787\n Email: CCAMERON@CM-LAW.COM\n -------------------\n Attention: E. Colby Cameron, Esq.\n\n 42\n<PAGE>\n\n (b) if to the Purchaser:\n\n Lincoln Technical Institute\n 200 Executive Drive\n West Orange, NJ 07052\n Telephone: (973) 736-9340\n Facsimile: (973) 243-0841\n Email: DCarney@lincolntech.com\n Attention: David F. Carney, Chairman and Chief\n Executive Officer\n\n with a copy to:\n\n Shearman & Sterling LLP\n 599 Lexington Avenue\n New York, NY 10022-6069\n Telephone: (212) 848-4000\n Facsimile: (646) 848-8966\n Email: cobrien@shearman.com\n Attention: Clare O'Brien, Esq.\n\n SECTION 10.03. PUBLIC ANNOUNCEMENTS. None of the Sellers shall make, or\ncause to be made, any press release or public announcement in respect of this\nAgreement or the transactions contemplated by this Agreement or otherwise\ncommunicate with any news media without the prior written consent of the\nPurchaser.\n\n SECTION 10.04. SEVERABILITY. If any term or other provision of this\nAgreement is invalid, illegal or incapable of being enforced by any Law or\npublic policy, all other terms and provisions of this Agreement shall\nnevertheless remain in full force and effect for so long as the economic or\nlegal substance of the transactions contemplated by this Agreement is not\naffected in any manner materially adverse to any party. In addition, if any one\nor more of the provisions contained in this Agreement is for any reason held to\nbe excessively broad as to duration, geographical scope, activity or subject, it\nis to be construed by limiting and reducing it, so as to be enforceable to the\nextent compatible with the applicable Law as it then appears. Upon such\ndetermination that any term or other provision is invalid, illegal or incapable\nof being enforced, the parties hereto shall negotiate in good faith to modify\nthis Agreement so as to effect the original intent of the parties as closely as\npossible in an acceptable manner in order that the transactions contemplated by\nthis Agreement are consummated as originally contemplated to the greatest extent\npossible.\n\n SECTION 10.05. ENTIRE AGREEMENT. This Agreement, the Ancillary\nAgreements and the Confidentiality Agreement constitute the entire agreement of\nthe parties hereto with respect to the subject matter hereof and thereof and\nsupersede all prior agreements and undertakings, both written and oral, between\nthe Sellers on the one hand, and the Purchaser, on the other hand, with respect\nto the subject matter hereof and thereof.\n\n SECTION 10.06. ASSIGNMENT. This Agreement may not be assigned by any\nparty hereto by operation of law or otherwise without the express written\nconsent of the other parties hereto (which consent may be granted or withheld in\nthe sole discretion of such parties); provided, that the Purchaser may assign\nthis Agreement or any of its rights and obligations hereunder to one or more\nAffiliates of the Purchaser without the consent of the Principal Seller.\n\n SECTION 10.07. NO THIRD PARTY BENEFICIARIES. Except for the provisions\nof Article VIII relating to indemnified parties, this Agreement shall be binding\nupon and inure solely to the benefit of the parties hereto and their permitted\nassigns and nothing herein, express or implied, is intended to or shall confer\nupon any other Person, including any spouses or dependents of the Sellers or of\nsuch Persons, any legal or equitable right, benefit or remedy of any nature\nwhatsoever, including any rights of employment for any specified period, under\nor by reason of this Agreement.\n\n SECTION 10.08. SPECIFIC PERFORMANCE. Each of the Sellers acknowledges\nand agrees that the Purchaser would be irreparably damaged if any of the\nprovisions of this Agreement are not performed in accordance\n\n 43\n<PAGE>\n\nwith their specific terms and that any breach of this Agreement by the Sellers\ncould not be adequately compensated in all cases by monetary damages alone.\nAccordingly, in addition to any other right or remedy to which the Purchaser may\nbe entitled, at law or in equity, it shall be entitled to enforce any provision\nof this Agreement by a decree of specific performance and to temporary,\npreliminary and permanent injunctive relief to prevent breaches or threatened\nbreaches of any of the provisions of this Agreement, without posting any bond or\nother undertaking.\n\n SECTION 10.09. GOVERNING LAW. This Agreement shall be governed by, and\nconstrued in accordance with, the laws of the State of New York applicable to\ncontracts executed in and to be performed entirely within that State. All\nActions arising out of or relating to this Agreement shall be heard and\ndetermined exclusively in any New York state or federal court. The parties\nhereto hereby (a) submit to the exclusive jurisdiction of any state or federal\ncourt sitting in the State of New York for the purpose of any Action arising out\nof or relating to this Agreement brought by any party hereto, and (b)\nirrevocably waive, and agree not to assert by way of motion, defense, or\notherwise, in any such Action, any claim that it is not subject personally to\nthe jurisdiction of the above-named courts, that its property is exempt or\nimmune from attachment or execution, that the Action is brought in an\ninconvenient forum, that the venue of the Action is improper, or that this\nAgreement or the transactions contemplated by this Agreement may not be enforced\nin or by any of the above-named courts.\n\n SECTION 10.10. WAIVER OF JURY TRIAL. Each of the parties hereto hereby\nwaives to the fullest extent permitted by applicable Law any right it may have\nto a trial by jury with respect to any litigation directly or indirectly arising\nout of, under or in connection with this Agreement or the transactions\ncontemplated by this Agreement. Each of the parties hereto (a) certifies that no\nrepresentative, agent or attorney of any other party has represented, expressly\nor otherwise, that such other party would not, in the event of litigation, seek\nto enforce that foregoing waiver and (b) acknowledges that neither it nor the\nother parties hereto has been induced to enter into this Agreement and the\ntransactions contemplated by this Agreement, as applicable, by, among other\nthings, the mutual waivers and certifications in this Section 9.09.\n\n SECTION 10.11. HEADINGS. The descriptive headings contained in this\nAgreement are included for convenience of reference only and shall not affect in\nany way the meaning or interpretation of this Agreement.\n\n SECTION 10.12. COUNTERPARTS. This Agreement may be executed and\ndelivered (including by facsimile transmission) in one or more counterparts, and\nby the different parties hereto in separate counterparts, each of which when\nexecuted shall be deemed to be an original, but all of which taken together\nshall constitute one and the same agreement.\n\n\n 44\n<PAGE>\n\n IN WITNESS WHEREOF, each Seller has executed this Agreement, and the\nPurchaser has caused this Agreement to be executed by its officers thereunto\nduly authorized, as of the date first written above.\n\n\n\n LINCOLN TECHNICAL INSTITUTE, INC.\n\n\n By: /s/ DAVID F. CARNEY\n -------------------------------------\n Name: David F. Carney\n Title: Chairman and Chief\n Executive Officer\n\n\n /s/ RICHARD I. GOUSE\n -------------------------------------\n Richard I. Gouse\n\n\n THE CAROLYN BETH GOUSE IRREVOCABLE TRUST\n\n\n By: /s/ ANDREW T. GOUSE\n -------------------------------------\n Name: Andrew T. Gouse\n Title: Trustee\n\n\n /s/ ANDREW T. GOUSE\n -------------------------------------\n Andrew T. Gouse\n\n\n\n /s/ SETH KURN\n -------------------------------------\n Seth Kurn\n\n\n\n /s/ STEVEN L. MELTZER\n -------------------------------------\n Steven L. Meltzer\n\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":68,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/709136/0000912057-96-009876-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/709136/0000912057-96-009876.txt"},"cik":{"kind":"string","value":"709136"},"name":{"kind":"string","value":"GRAHAM FIELD HEALTH PRODUCTS INC"},"type":{"kind":"string","value":"10-Q"},"filing_date":{"kind":"string","value":"1996-05-15"},"report_date":{"kind":"string","value":"1996-03-31"},"seq":{"kind":"string","value":"2"},"desc":{"kind":"string","value":"EXHIBIT 10.KK"},"doc_type":{"kind":"string","value":"EX-10.KK"},"size":{"kind":"string","value":"3831"},"filename":{"kind":"null"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/709136/0000912057-96-009876.txt"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/79807f1f687b41c2bc20814a20194717f51a1258.txt"},"extension":{"kind":"string","value":"txt_filing"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"1996-05-15\", \"Accepted\": \"1996-05-15 00:00:00\", \"Documents\": \"3\", \"Period of Report\": \"1996-03-31\", \"SROs\": \"NONE\"}"},"file_content":{"kind":"string","value":"\n<DOCUMENT>\n<TYPE>EX-10.KK\n<SEQUENCE>2\n<DESCRIPTION>EXHIBIT 10.KK\n<TEXT>\n\n<PAGE>\n\n ITEM 6. EXHIBITS AND REPORTSON FORM 8-K\n\n EXHIBIT 10(KK)\n AMENDMENT TO EMPLOYMENT AGREEMENT\n DATED AS OF MAY 3, 1996\n BY AND BETWEEN THE COMPANY\n AND IRWIN SELINGER\n\n<PAGE>\n AMENDMENT TO EMPLOYMENT AGREEMENT\n BETWEEN\n GRAHAM-FIELD HEALTH PRODUCTS, INC.\n AND\n IRWIN SELINGER\n\n\n\n AMENDMENT, dated as of May 3, 1996 (the \"Amendment\"),\nto the Employment Agreement dated as of July 8, 1981, as amended\non June 19, 1991, by and between Graham-Field Health Products,\nInc., a Delaware corporation (the \"Corporation\"), and Irwin\nSelinger (\"Selinger\").\n\n W I T N E S S E T H:\n\n WHEREAS, the Corporation and Selinger are parties to an\nEmployment Agreement dated as of July 8, 1981, as amended on June\n19, 1991 (the \"Employment Agreement\");\n\n WHEREAS, the Corporation and Selinger have agreed to\namend and modify certain terms and provisions of the Employment\nAgreement;\n\n NOW, THEREFORE, in consideration of the mutual\ncovenants and agreements contained herein, the parties hereto\nhereby agree to amend and modify the Employment Agreement as\nfollows:\n\n 1. The term of the Employment Agreement, which is due\nto expire on July 8, 1996, shall be extended for an additional\nfive (5) year period ending July 8, 2001 (the \"New Term\").\n\n 2. Effective as of January 1, 1997 (the \"Effective\nDate\"), the Corporation shall pay Selinger an annual salary\nduring the 1997 calendar year (the \"Base Year\") of $300,000 (the\n\"New Base Salary\"). The annual salary during each year of the\nNew Term following the Base Year shall be such amount as the\nCorporation and Selinger shall agree upon and shall not be less\nthan the New Base\n\n<PAGE>\nSalary increased in each subsequent year of the\nNew Term by an amount which is determined by multiplying the New\nBase Salary by the percentage increase, if any, of the Consumer\nPrice Index for all Urban Workers (New York - Northeastern New\nJersey) (1967=100), issued by the Bureau of Labor Statistics of\nthe United States Department of Labor (the \"Index\") for such\nsubsequent year over the Index for the Base Year. The New Base\nSalary shall be payable in equal, or as nearly equal as may be\npracticable, installments not less frequently than semimonthly. \nThe Employment Agreement, as amended, shall not be deemed\nabrogated or terminated if the Corporation, in its discretion\nshall determine to increase the compensation of Selinger for any\nperiod of time, or if Selinger shall accept such increase, but\nnothing shall be deemed to obligate the Corporation to make such\nincrease.\n\n 3. In all other respects, all of the terms and\nprovisions of the Employment Agreement shall remain in full force\nand effect during the New Term.\n\n -2-\n<PAGE>\n IN WITNESS WHEREOF, parties hereto have executed this\nAmendment this 3rd day of May 1996.\n\n GRAHAM-FIELD HEALTH\n PRODUCTS, INC.\n\n\n By: s/Richard S. Kolodny \n ----------------------------------\n Richard S. Kolodny\n Vice President,\n General Counsel\n\n\n s/Irwin Selinger \n ----------------------------------\n Irwin Selinger\n\n -3-\n</TEXT>\n</DOCUMENT>"}}},{"rowIdx":69,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/895663/0000950129-97-002587-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/895663/0000950129-97-002587.txt"},"cik":{"kind":"string","value":"895663"},"name":{"kind":"string","value":"GLOBAL INDUSTRIES LTD"},"type":{"kind":"string","value":"10-K"},"filing_date":{"kind":"string","value":"1997-06-26"},"report_date":{"kind":"string","value":"1997-03-31"},"seq":{"kind":"string","value":"3"},"desc":{"kind":"string","value":"TRUST INDENTURE"},"doc_type":{"kind":"string","value":"EX-10.21"},"size":{"kind":"string","value":"33167"},"filename":{"kind":"null"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/895663/0000950129-97-002587.txt"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/8caed49ef50775875d1f6189388a47d2f58d4f5b.txt"},"extension":{"kind":"string","value":"txt_filing"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"1997-06-26\", \"Accepted\": \"1997-06-26 00:00:00\", \"Documents\": \"9\", \"Period of Report\": \"1997-03-31\", \"SROs\": \"NONE\"}"},"file_content":{"kind":"string","value":"\n<DOCUMENT>\n<TYPE>EX-10.21\n<SEQUENCE>3\n<DESCRIPTION>TRUST INDENTURE\n<TEXT>\n\n<PAGE> 1\n- --------------------------------------------------------------------------------\n\n TRUST INDENTURE\n\n\n\n RELATING TO UNITED STATES GOVERNMENT GUARANTEED\n SHIP FINANCING OBLIGATIONS\n\n\n\n BETWEEN\n\n\n\n GLOBAL INDUSTRIES, LTD.,\n SHIPOWNER\n\n\n\n AND\n\n\n FIRST NATIONAL BANK OF COMMERCE,\n INDENTURE TRUSTEE\n\n\n\n\n\n DATED AS OF AUGUST 15, 1996\n\n\n\n\n\n- --------------------------------------------------------------------------------\n\n<PAGE> 2\n\n TRUST INDENTURE\n\n BETWEEN\n\n GLOBAL INDUSTRIES, LTD.,\n SHIPOWNER\n\n AND\n\n FIRST NATIONAL BANK OF COMMERCE,\n INDENTURE TRUSTEE\n\n\n DATED AS OF AUGUST 15, 1996\n\n TABLE OF CONTENTS TO SPECIAL PROVISIONS OF THE INDENTURE*\n\n<TABLE> \n<CAPTION> \n PAGE\n ----\n<S> <C>\nParties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1\nRecitals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1\n \n ARTICLE FIRST \n \nIncorporation of General Provisions . . . . . . . . . . . . . . . . . 3\n \n ARTICLE SECOND \n \nThe Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3\n \n ARTICLE THIRD \n \nCertain Redemptions . . . . . . . . . . . . . . . . . . . . . . . . . 4\n \n(a) Mandatory Sinking Fund Redemptions of Bonds . . . . . . . . 4\n(b) Credit Against Mandatory Sinking Fund Redemptions \n of Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . 4\n(c) Optional Sinking Fund Redemptions of Bonds . . . . . . . . . 5\n(d) Optional Redemptions of Bonds at Premium . . . . . . . . . . 5\n</TABLE>\n\n\n\n\n\n- -----------------\n\n This Table of Contents is not a part of the Indenture and has no\nbearing upon the interpretation of any of its terms and provisions.\n\n<PAGE> 3\n<TABLE>\n<S> <C>\n ARTICLE FOURTH \n \nDefinitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6\n \n ARTICLE FIFTH \n \nAdditions, Deletions, and Amendments to Exhibit 1 . . . . . . . . . . . . 6\n \n(a) Concerning Section 2.04 . . . . . . . . . . . . . . . . . . . . 6\n(b) Concerning Section 2.12 . . . . . . . . . . . . . . . . . . . . 6\n(c) Concerning Notices of Transition Date and Stated Maturity . . . 7\n(d) Concerning Payment of the Obligations . . . . . . . . . . . . . 7\n(e) Concerning Selection of Bonds to be Redeemed . . . . . . . . . . 7\n(f) Concerning References to 3.09(b) . . . . . . . . . . . . . . . . 8\n(g) Concerning Home Office Payment . . . . . . . . . . . . . . . . . 8\n(h) Concerning Section 5.02 . . . . . . . . . . . . . . . . . . . . 8\n(i) Concerning Section 7.02 . . . . . . . . . . . . . . . . . . . . 8\n(j) Concerning Section 10.01 . . . . . . . . . . . . . . . . . . . . 8\n(k) Concerning Notices . . . . . . . . . . . . . . . . . . . . . . . 8\n(l) Concerning Applicable Law . . . . . . . . . . . . . . . . . . . 9\n(m) Execution of Counterparts . . . . . . . . . . . . . . . . . . . 9\n \nSignatures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10\n \nAcknowledgements . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12\n</TABLE>\n\n EXHIBITS TO TRUST INDENTURE\n ---------------------------\n\nSCHEDULE A Schedule of Definitions to Trust Indenture\n\nEXHIBIT 1 General Provisions Incorporated into the Trust \n Indenture by Reference\n\nEXHIBIT 2 Forms of Bond, Guarantee, and Trustee's \n Authentication Certificate\n\nEXHIBIT 3 Authorization Agreement\n\nEXHIBIT 4 Form of Secretary's Supplemental Indenture\n\n\n\n\n\n\n - ii -\n<PAGE> 4\n TRUST INDENTURE\n\n SPECIAL PROVISIONS\n\n\n THIS TRUST INDENTURE, dated as of August 15, 1996 (said Trust\nIndenture, as the same may be amended, modified, or supplemented from time to\ntime as permitted hereunder, herein called the \"Indenture\"), between (i) GLOBAL\nINDUSTRIES, LTD., a Louisiana corporation (herein called the \"Shipowner\"), and\n(ii) FIRST NATIONAL BANK OF COMMERCE, a national banking association (said\nBank, and any successor or assign hereunder, herein called the \"Indenture\nTrustee\").\n\n\n R E C I T A L S:\n\n A. The Shipowner is a party to the following construction\ncontracts:\n\n (1) A construction contract, dated April 3, 1996, with\n Service Marine Industries, Inc., a Louisiana corporation (\"Service\n Marine\"), for the construction of one 400' launch barge (the \"Launch\n Barge Construction Contract\");\n\n (2) A construction contract, dated April 3, 1996, with\n Service Marine for the construction of one 300' deck barge (the \"Deck\n Barge Construction Contract\"); and\n\n (3) A construction contract, dated August 1, 1995, with\n Bollinger Machine Shop & Shipyard, Inc., a Louisiana corporation\n (\"Bollinger\"), for the construction of two lift boats (the \"Lift Boat\n Construction Contract\").\n\nService Marine and Bollinger are herein referred to collectively as the\n\"Shipyards\" and the three construction contracts herein described are\nhereinafter referred to collectively as the \"Construction Contracts.\"\n\n B. The Shipowner has under construction at Service Marine one\n400' launch barge, Shipyard Hull No. 184, name to be assigned (the \"Launch\nBarge\") and one 300' deck barge, Shipyard Hull No. 183, name to be assigned\n(the \"Deck Barge\" and, together with the Launch Barge, collectively the\n\"Barges\"), and at Bollinger two lift boats, Shipyard Hull Nos. 295, to be named\nMAN-O-WAR (the \"First Lift Boat\"), and Shipyard Hull No. 296, to be named\nKINGFISH (the \"Second Lift Boat\" and, together with the First Lift Boat,\ncollectively the \"Lift Boats,\" and, together with the Barges, each individually\na \"Vessel\" and, collectively, the \"Vessels\").\n\n Such Vessels as have not been delivered shall be defined each\nindividually as an \"Undelivered Vessel\" and collectively as the \"Undelivered\nVessels,\" and such vessels as have been delivered, shall be defined each\nindividually as a \"Delivered Vessel\" and collectively as the \"Delivered\nVessels.\"\n\n\n\n\n\n<PAGE> 5\n C. To aid in financing the cost of Construction of the Vessels,\nthe Shipowner will issue up to $20,328,000 aggregate principal amount of its\nbonds pursuant to Section 2.03 of Exhibit 1 to this Indenture (the \"Bonds\" and,\ntogether with any bonds issued in respect thereto pursuant to Sections 2.09,\n2.10, 2.12, and 3.10(b) of said Exhibit 1, called the \"Bonds\" or \"Obligations\")\ndesignated \"United States Government Guaranteed Ship Financing Bonds, 1996\nSeries.\"\n\n\n D. Under the Authorization Agreement, Contract No. MA-13229, set\nforth as Exhibit 3 hereto, the Secretary, on behalf of the United States, will\nauthorize the Indenture Trustee, under the terms of Title XI of the Act, to\ncause the guarantee of the payment of the unpaid principal and interest on the\nBonds according to the terms of the Guarantees, bearing the facsimile signature\nof the Secretary and the facsimile seal of the United States Department of\nTransportation, to be imprinted on the Bonds issued and to authenticate and\ndeliver the Bonds issued on the Closing Date, such agreements and\nauthorizations being subject to the conditions set forth in the Authorization\nAgreement;\n\n E. Pursuant to Section 1104A(b)(5) of the Act, the Secretary has\ndetermined that the interest to be borne by the Bonds (exclusive of charges for\nthe Guarantee Fee and investigation and service charges, if any) at the rate\nspecified in the form thereof set forth in Exhibit 2 hereto is reasonable; and\n\n F. All actions necessary have been taken in order (1) to make the\nObligations, when executed by the Shipowner, authenticated by the Indenture\nTrustee, and issued under the Indenture, the valid, binding, and legal\nobligations of the Shipowner in accordance with their terms, (2) to make the\nGuarantees to be endorsed on the Obligations, when executed by the Secretary,\nauthenticated by the Indenture Trustee, and delivered under this Indenture, the\nvalid, binding, and legal obligations of the United States in accordance with\ntheir terms, and (3) to make this Indenture the valid, binding, and legal\nagreement of the parties hereto in accordance with its terms.\n\n NOW, THEREFORE, in consideration of the premises, of the mutual\ncovenants herein contained, of the purchase of the Obligations by the Holders\nthereof, and of other good and valuable consideration, the receipt and adequacy\nof which the parties hereby acknowledge, and for the equal and proportionate\nbenefit of all the present and future Holders of the Obligations, the parties\nhereto agree as follows:\n\n ARTICLE FIRST\n\n INCORPORATION OF GENERAL PROVISIONS\n\n This Indenture shall consist of two parts: the Special Provisions and\nthe General Provisions attached hereto as Exhibit 1, made a part of this\nIndenture and incorporated herein by reference.\n\n\n\n\n\n - 2 -\n<PAGE> 6\n ARTICLE SECOND\n\n THE BONDS\n\n (a) The Obligations issued hereunder shall be designated \"United\nStates Government Guaranteed Ship Financing Bonds, 1996 Series,\" and shall be\nissuable in the aggregate amount of $20,328,000 of 7.25% Sinking Fund Bonds due\non the 25th anniversary of the Transition Date; provided that, the aggregate\nprincipal amount of Obligations at any time Outstanding shall not exceed\n$20,328,000 or the aggregate of the 87 1/2% of the Actual Cost or Depreciated\nActual Cost, as the case may be, of the Barges plus 75% of the Actual Cost or\nDepreciated Actual Cost, as the case may be, of the Lift Boats, whichever is\nless. The aggregate principal amount of Bonds which may be issued under this\nIndenture shall not exceed $20,328,000 except as provided in Sections 2.09,\n2.10, 2.12, and 3.10(b) of Exhibit 1 hereto.\n\n (b) The Obligations, the Guarantees thereof, and the Indenture\nTrustee's authentication certificate to be endorsed thereon shall be\nsubstantially in the forms set forth in Exhibit 2 hereto.\n\n (c) The Obligations shall be in the denominations of $1,000 or any\nintegral multiple thereof.\n\n (d) The Shipowner shall at all times cause to be maintained in the\nCity of New Orleans, State of Louisiana, an office or agency for the purposes\nspecified in Section 5.03 of Exhibit 1 to this Indenture, which office or\nagency shall be deemed at all times to be the Corporate Trust Office of the\nIndenture Trustee.\n\n (e) On the date of execution of this Indenture, the Indenture\nTrustee's Corporate Trust Office is located at 210 Baronne Street, New Orleans,\nLouisiana 70112.\n\n (f) The Bonds shall mature on the 25th anniversary of the\nTransition Date and shall bear interest at the rate of 7.25% per annum.\n\n ARTICLE THIRD\n\n CERTAIN REDEMPTIONS\n\n (a) Mandatory Sinking Fund Redemptions of Bonds. The Bonds are\nsubject to redemption at a Redemption Price equal to 100% of the principal\namount thereof, together with interest accrued thereon to the applicable\nsinking fund Redemption Date, through the operation of a mandatory sinking fund\nproviding for the semiannual redemption, commencing on the first Semiannual\nAnniversary of the Transition Date and on each Semiannual Anniversary of the\nTransition Date thereafter to and including the forty-ninth Semiannual\nAnniversary of the Transition Date, of $407,000 principal amount of Bonds (or\nsuch lesser principal amount of Bonds as shall then be Outstanding) (which\namount represents approximately one fiftieth (1/50) of the Original Principal\nAmount of Bonds) and, on the fiftieth Semiannual Anniversary of the Transition\nDate, there shall become due and payable, and the Shipowner shall pay, the\nbalance of the unpaid principal amount of Bonds at the time Outstanding,\ntogether with all interest accrued thereon to such date. As to each mandatory\nsinking fund redemption, the Indenture\n\n\n\n\n\n - 3 -\n<PAGE> 7\nTrustee shall deliver to each Holder the notice of redemption required by\nSection 3.08 of Exhibit 1 to the Indenture. Notwithstanding the foregoing\nprovisions of this Subsection (a), if the principal amount of Outstanding Bonds\nshall be reduced by reason of any redemption pursuant to Sections 3.04 or 3.05\nof Exhibit 1 to this Indenture, the principal amount of Bonds to be redeemed\npursuant to this subsection (a) on each subsequent mandatory sinking fund\nRedemption Date for such Bonds shall be reduced by an amount equal to the\nprincipal amount of such Bonds retired by reason of such redemption pursuant to\nSections 3.04 or 3.05 of Exhibit 1 hereto divided by the number of mandatory\nsinking fund Redemption Dates (including the Stated Maturity of such Bonds)\nscheduled thereafter (subject to such increase as shall be necessary so that\nthe total principal amount of Bonds to be redeemed on any such sinking fund\nRedemption Date shall be an integral multiple of $1,000); provided that, the\nentire unpaid principal amount of the Outstanding Bonds shall be paid no later\nthan the 25th anniversary of the Transition Date. The Shipowner shall, in\naccordance with Section 3.02(d) of Exhibit 1 hereto, promptly after each\nredemption pursuant to said Sections 3.04 or 3.05, furnish to the Secretary,\nthe Indenture Trustee, and each Holder of a Bond a revised table of sinking\nfund payments reflecting the reductions made pursuant to this Subsection (a) as\na result of such redemption.\n\n (b) Credit Against Mandatory Sinking Fund Redemptions of Bonds.\nIn lieu of making all or any part of any such mandatory sinking fund redemption\nof Bonds, the Shipowner may, at its option, receive credit for Bonds not\npreviously so credited or applied to reduce the principal amount of Bonds\nOutstanding (i) redeemed by the Shipowner pursuant to the optional redemption\nprovision provided for in Subsection (c) of this Article, (ii) redeemed by the\nShipowner pursuant to the optional redemption provision provided for in\nSubsection (d) of this Article, or (iii) purchased or acquired by the Shipowner\n(other than by redemption) and delivered to the Indenture Trustee for\ncancellation pursuant to Section 2.13 of Exhibit 1 hereto. The Bonds so\ncredited or applied shall be credited or applied, as the case may be, by the\nIndenture Trustee, at 100% of the principal amount thereof. If the Shipowner\nshall elect to receive credit or application as aforesaid in lieu of making all\nor part of any mandatory sinking fund redemption, it shall deliver to the\nIndenture Trustee, at least 45 days but not more than 60 days prior to the due\ndate for such mandatory sinking fund redemption, a Request (i) specifying the\nprincipal amount of Bonds so optionally redeemed or otherwise acquired and so\nto be credited or applied, as the case may be, and (ii) stating that no such\nBonds have theretofore been made the basis of any such credit or application as\naforesaid and that none of such Bonds are subject to the terms of any agreement\nor contract between the Secretary, the Shipowner, and/or any other person\nrestricting the Shipowner's right to apply any such Bonds as a credit pursuant\nto the terms of this Subsection (b), together with the Bonds (uncancelled) for\nwhich such credit or application is so requested (unless such Bonds shall\ntheretofore have been delivered to the Indenture Trustee). The Indenture\nTrustee shall deliver a copy of such Request to each Holder along with the\nnotice of redemption required by Section 3.08 of Exhibit 1 to the Indenture in\nconnection with such mandatory sinking fund redemption.\n\n (c) Optional Sinking Fund Redemptions of Bonds. At its option,\nthe Shipowner may redeem on any mandatory sinking fund Redemption Date, at a\nRedemption Price equal to 100% of the principal amount thereof, together with\ninterest accrued thereon to such date, an additional principal amount of Bonds\nof the same\n\n\n\n\n\n - 4 -\n<PAGE> 8\nmaturity up to the principal amount of Bonds of the same maturity required to\nbe redeemed under Subsection (a) of this Article on such date and before any\ncredit pursuant to Subsection (b) of this Article. The right to make any such\noptional sinking fund redemption shall not be cumulative. If the Shipowner\nshall elect to make any such optional sinking fund redemption, the Shipowner\nshall, at least 45 days but not more than 60 days prior to such mandatory\nsinking fund Redemption Date, deliver to the Indenture Trustee a Request\nstating that the Shipowner intends to exercise its right as set forth in this\nSubsection (c) to make such optional sinking fund redemption and specifying the\nadditional principal amount of Bonds which the Shipowner intends to redeem on\nsuch mandatory sinking fund Redemption Date. The Indenture Trustee shall\ndeliver a copy of such Request to each Holder along with the notice of\nredemption required by Section 3.08 of Exhibit 1 to the Indenture.\n\n (d) Optional Redemptions of Bonds at Premium. At its option, the\nShipowner may redeem the Bonds, in whole or in part, at any time or from time\nto time, at the Redemption Prices specified in the Bonds, together with\ninterest accrued thereon to the date fixed for redemption; provided that, no\nsuch redemption shall be made prior to the tenth anniversary of the Transition\nDate, directly or indirectly with the proceeds of, or in anticipation of,\nborrowing by or for the account of the Shipowner if such borrowing has an\neffective interest cost (calculated in accordance with generally accepted\nfinancial practice) of less than the rate of interest borne by the Bonds. If\nthe Shipowner shall elect to make any such optional redemption, the Shipowner\nshall, at least 45 days but not more than 60 days prior to the date fixed for\nredemption, deliver to the Indenture Trustee a Request stating that the\nShipowner intends to exercise its rights as above set forth to make such\noptional redemption and specifying the Redemption Date, the maturity date, and\nthe principal amount of Bonds which the Shipowner intends to redeem on such\ndate. In the case of any redemption pursuant to this Subsection (d) prior to\nthe tenth anniversary of the Transition Date, the Shipowner shall deliver to\nthe Indenture Trustee, at the time of delivery of said Request, an Officer's\nCertificate stating that such redemption shall comply with the proviso relating\nto such redemption prior to such date. The Indenture Trustee shall deliver a\ncopy of such Request to each Holder along with the notice of redemption\nrequired by Section 3.08 of Exhibit 1 to the Indenture.\n\n ARTICLE FOURTH\n\n DEFINITIONS\n\n For all purposes of this Indenture, unless expressly provided or\nunless the context otherwise requires:\n\n (1) All references herein to Articles, Sections,\n or other subdivisions, unless otherwise specified, refer to\n the corresponding Articles, Sections, and other subdivisions\n of this Indenture;\n\n\n\n\n\n - 5 -\n<PAGE> 9\n (2) The terms \"hereof,\" \"herein,\" \"hereby,\"\n \"hereto,\" \"hereunder,\" and \"herewith\" refer to this Indenture;\n\n (3) The terms used herein and defined in Schedule\n A to this Indenture shall have the respective meanings stated\n in said Schedule.\n\n ARTICLE FIFTH\n\n ADDITIONS, DELETIONS, AND AMENDMENTS TO EXHIBIT 1\n\n The following additions, deletions, and amendments are hereby made to\nExhibit 1 to this Indenture:\n\n (a) Concerning Section 2.04. The Shipowner and the Indenture\nTrustee shall not enter into any Supplemental Indenture, and the Indenture\nTrustee shall not enter into any supplement to the Authorization Agreement,\npursuant to Section 2.04 of Exhibit 1 to this Indenture, except to provide for\nthe issuance of additional Obligations of any series and Stated Maturity\ntheretofore issued, or of one or more additional series for the purpose of\naiding in financing or refinancing the construction, reconstruction, or\nreconditioning of one or more of the Vessels, or to refund Obligations issued\nfor such purpose.\n\n (b) Concerning Section 2.12. With respect to clause (1) of the\nproviso to Section 2.12 of Exhibit 1 to the Indenture, a written agreement of\nindemnity, which is satisfactory in form and substance to the Secretary, the\nShipowner, and the Indenture Trustee, executed and delivered by an\ninstitutional Holder having a capital and surplus of at least $100,000,000\nshall be considered sufficient indemnity to the Secretary, the Shipowner, and\nthe Indenture Trustee in connection with the execution, authentication, and\ndelivery of any new Obligations or the making of any payment as contemplated by\nsaid Section 2.12.\n\n (c) Concerning Notices of Transition Date and Stated Maturity.\nArticle II of Exhibit 1 hereto is hereby amended by adding a new Section 2.14\nas follows:\n\n \"Section 2.14. Notices of the Transition Date and Stated\n Maturity. (a) Not more than 30 days after the Transition Date, a\n notice (indicating (1) the Transition Date, (2) the subsequent\n Interest Payment Dates on the Bonds, and (3) the date fixed as the\n Stated Maturity of the Bonds) shall be given by or on behalf of the\n Shipowner or, at the Shipowner's request (provided that, the Indenture\n Trustee shall have received such request not more than 20 days after\n the Transition Date), by the Indenture Trustee in the name and at the\n expense of the Shipowner by mailing a copy of such notice, by first\n class mail, postage prepaid, to each Holder of an Outstanding Bond at\n his last address appearing on the Obligation Register.\n\n \"(b) Each Bond issued by the Shipowner and authenticated\n and delivered by the Indenture Trustee subsequent to the date of any\n notice referred to in this Section 2.14 shall be appropriately\n legended by the Indenture Trustee, in the\n\n\n\n\n\n - 6 -\n<PAGE> 10\n name and at the expense of the Shipowner, to reflect the matters set\n forth in such notice.\"\n\n (d) Concerning Payment of the Obligations. Notwithstanding\nanything to the contrary in Exhibit 1 hereto, the Obligations to be issued\nhereunder shall be payable as to principal, premium (if any), and interest, at\nan office or agency maintained by the Shipowner for such purpose at the\nCorporate Trust Office of the Indenture Trustee or, at the option of the\nShipowner, as to payments of principal, premium (if any), or interest by check\nmailed by such Corporate Trust Office to the addresses of the Obligees as such\naddresses shall appear in the Obligation Register, subject in any event to the\nprovisions hereof concerning home office payment; provided that, upon\nredemption in whole of any of the Bonds or upon maturity of any of the Bonds,\nthe Obligees shall surrender any such Bond, by mail or other means, to the\nIndenture Trustee at the office of the Indenture Trustee set forth herein. The\nIndenture Trustee agrees that, within 30 days from the date of any payment of\nprincipal or interest when the same shall become due and payable by reason of\nmaturity or redemption, a Responsible Officer in the Corporate Trust Office of\nthe Indenture Trustee shall ascertain to his satisfaction that checks in\npayment of such amounts have been mailed by such Corporate Trust Office to the\naddresses of the Obligees as provided above, if payment is to be made by check\nor, if payment is to be made by wire transfer or by credit to an account\nmaintained by the Obligee with the Indenture Trustee, that such funds have been\nwired or credited or, if payment is to be made at the Corporate Trust Office,\nthat funds were held by the Indenture Trustee for such payment on the date the\npayment was due. The Indenture Trustee shall have no obligation to determine\nwhether such checks or payments were received by the Obligees.\n\n (e) Concerning Selection of Bonds to be Redeemed. Notwithstanding\nthe provisions of Section 3.07(b) of Exhibit 1 to this Indenture, (i) if less\nthan all the Bonds are to be optionally redeemed under any of the provisions\ncontained or referred to in Article Third hereof or Article III of said Exhibit\n1, the Indenture Trustee shall select for redemption Bonds of the Stated\nMaturity or Stated Maturities and (ii) if less than all the Bonds of a\nparticular Stated Maturity are to be redeemed under any provisions contained or\nreferred to in Article Third hereof or Article III of Exhibit 1 to this\nIndenture, the Indenture Trustee shall select the particular Bonds and/or\nportion ($1,000 or any integral multiple thereof) of Bonds to be redeemed on\nthe Redemption Date by allocating the principal amount to be redeemed among the\nHolders of Bonds of such Stated Maturity in proportion to the respective\nprincipal amount of Bonds of such Stated Maturity registered in their\nrespective names, making adjustments so the principal amount of any Obligation\nto be redeemed shall be $1,000 or an integral multiple thereof.\n\n (f) Concerning References to Section 3.09(b). All\ncross-references to Section 3.09(b) made in Exhibit 1 hereto shall be deemed to\nrefer to Section 3.10(b) of Exhibit 1 hereto.\n\n (g) Concerning Home Office Payment. Notwithstanding any terms of\nthis Indenture or the Obligations to the contrary, the Shipowner may enter into\nan agreement with any Holder of an Obligation providing for payment to such\nHolder by bank check or, at the request of such Holder, by credit to an account\nmaintained by the Holder with the Indenture Trustee or by wire transfer of the\nprincipal of and the premium (if any) and interest on such Obligation or any\npart\n\n\n\n\n\n - 7 -\n<PAGE> 11\nthereof at a place other than the place or places specified in such Obligation\nas the place for such payment, and for the making of notation (if any) of such\npayment on such Obligation by such Holder or by an agent of the Shipowner or of\nthe Indenture Trustee without presentation of such Obligation. The Shipowner\nwill furnish to the Indenture Trustee a copy of each such agreement. The\nIndenture Trustee hereby consents to such agreement contained in Section 7 of\nthe Bond Purchase Agreement dated as of August 15, 1996, between the Shipowner\nand the Purchaser named therein and hereby acknowledges receipt of a copy\nthereof.\n\n (h) Concerning Section 5.02. The second sentence of Section 5.02\nof Exhibit 1 to this Indenture is amended by inserting immediately following\nthe words \"date fixed for each such payment\" the words \"funds of the type\nrequired by the Indenture for such payment and in.\"\n\n (i) Concerning Section 7.02. The amount \"$3,000,000\" in Section\n7.02 of Exhibit 1 hereto is hereby deleted and there is substituted therefor\nthe amount \"$25,000,000.\"\n\n (j) Concerning Section 10.01. Paragraph (2) of Section 10.01 of\nExhibit 1 to this Indenture is deleted and the following substituted in lieu\nthereof:\n\n \"(2) to evidence the succession pursuant to Article VIII\n of another corporation or entity to the Shipowner or any\n assumption of all or a part of the Obligations pursuant to\n Article VIII;\".\n\n (k) Concerning Notices. Subject to the provisions of Section\n13.01 of Exhibit 1 to this Indenture, any notice, request, demand, direction,\nconsent, waiver, approval, or other communication to be given to a party hereto\nor the Secretary shall be deemed to have been sufficiently given or made when\naddressed to:\n\nThe Indenture Trustee as: FIRST NATIONAL BANK OF COMMERCE\n 210 Baronne Street\n New Orleans, Louisiana 70112\n Attention: Corporate Trust Department\n\nThe Shipowner as: GLOBAL INDUSTRIES, LTD.\n 107 Global Circle\n Lafayette, Louisiana 70503\n\nThe Secretary as: SECRETARY OF TRANSPORTATION\n c/o Maritime Administrator\n Department of Transportation\n 400 Seventh Street, S.W.\n Washington, D.C. 20590\n\n\n (l) Concerning Applicable Law. This Indenture and each Obligation\nshall be governed by the laws of the United States and, to the extent\napplicable, the laws of the State of Louisiana.\n\n\n\n\n\n - 8 - \n<PAGE> 12\n\n (m) Execution of Counterparts. This Indenture may be executed in\nany number of counterparts. All such counterparts shall be deemed to be\noriginals and shall constitute but one and the same instrument.\n\n\n\n\n\n - 9 -\n<PAGE> 13\n IN WITNESS WHEREOF, this Indenture has been duly executed by the\nShipowner effective as of the day and year first above written.\n\n\n GLOBAL INDUSTRIES, LTD.,\n SHIPOWNER\n\n\n\n\n(SEAL) By: /s/ WILLIAM J. DORE\n ----------------------------\n President\n\n\nAttest:\n\n\n/s/ MICHAEL J. POLLOCK\n- ------------------------------\nVice President\n\n\n\n\n\n - 10 -\n<PAGE> 14\n IN WITNESS WHEREOF, this Indenture has been duly executed by the\nIndenture Trustee effective as of the day and year first above written.\n\n\n FIRST NATIONAL BANK OF COMMERCE,\n INDENTURE TRUSTEE\n\n\n\n\n By: /s/ TIMOTHY C. BRENNAN\n --------------------------------\n Assistant Vice President\n\n\n\n\n\n - 11 -\n</TEXT>\n</DOCUMENT>"}}},{"rowIdx":70,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1013696/0001104659-08-020692-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1013696/0001104659-08-020692.txt"},"cik":{"kind":"string","value":"1013696"},"name":{"kind":"string","value":"CHANNELL COMMERCIAL CORP"},"type":{"kind":"string","value":"10-K"},"filing_date":{"kind":"string","value":"2008-03-28"},"report_date":{"kind":"string","value":"2007-12-31"},"seq":{"kind":"string","value":"7"},"desc":{"kind":"string","value":"EX-10.47"},"doc_type":{"kind":"string","value":"EX-10.47"},"size":{"kind":"string","value":"226067"},"filename":{"kind":"string","value":"a08-2683_1ex10d47.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1013696/000110465908020692/a08-2683_1ex10d47.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/0e2cc9471dcd7d121d8f3af15bf5f398e8fe4f66.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2008-03-28\", \"Accepted\": \"2008-03-28 14:22:53\", \"Documents\": \"19\", \"Period of Report\": \"2007-12-31\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.47\n<SEQUENCE>7\n<FILENAME>a08-2683_1ex10d47.htm\n<DESCRIPTION>EX-10.47\n<TEXT>\n\n<html>\n\n<head>\n\n\n\n\n\n</head>\n\n<body lang=\"EN-US\">\n\n<div style=\"font-family:Times New Roman;\">\n\n<p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Exhibit 10.47</font></b></p>\n\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">DOCUMENT COMPLETION CERTIFICATE</font></b></p>\n\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"11%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:11.12%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">To</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.06%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"39%\" colspan=\"4\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:39.22%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">BB Norwest - Sukhi Singh (DN100560046)</font></p>\n </td>\n <td width=\"6%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:6.68%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">BSB</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.9%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"9%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:9.6%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">032047</font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"8%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:8.52%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Mgr—No.</font></p>\n </td>\n <td width=\"0%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:.9%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"18%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:18.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"11%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:11.12%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.06%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"39%\" colspan=\"4\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:39.22%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"6%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:6.68%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.9%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"9%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:9.6%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"8%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:8.52%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"0%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:.9%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"18%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:18.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"11%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:11.12%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Customer</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.06%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"45%\" colspan=\"5\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:45.88%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Bushmans Group Pty Ltd ACN 090 744 022</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.9%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"9%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:9.6%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"8%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:8.52%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Z No.</font></p>\n </td>\n <td width=\"0%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:.9%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"18%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:18.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">91991558</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"11%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:11.12%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.06%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"45%\" colspan=\"5\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:45.88%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.9%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"9%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:9.6%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"8%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:8.52%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"0%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:.9%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"18%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:18.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"11%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:11.12%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Total<br>\n Facility<br>\n Approved</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.06%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"17%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:17.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">$836,745.00</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"10%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:10.72%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Date of<br>\n Approval</font></p>\n </td>\n <td width=\"10%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:10.14%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">31/01/2008</font></p>\n </td>\n <td width=\"20%\" colspan=\"4\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:20.26%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Amount of increase (+)<br>\n or decrease (-)</font></p>\n </td>\n <td width=\"28%\" colspan=\"3\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:28.34%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">(+) $836,745.00</font></p>\n </td>\n </tr>\n <tr height=\"0\">\n <td width=\"83\" style=\"border:none;\"></td>\n <td width=\"8\" style=\"border:none;\"></td>\n <td width=\"129\" style=\"border:none;\"></td>\n <td width=\"9\" style=\"border:none;\"></td>\n <td width=\"80\" style=\"border:none;\"></td>\n <td width=\"76\" style=\"border:none;\"></td>\n <td width=\"50\" style=\"border:none;\"></td>\n <td width=\"14\" style=\"border:none;\"></td>\n <td width=\"72\" style=\"border:none;\"></td>\n <td width=\"16\" style=\"border:none;\"></td>\n <td width=\"64\" style=\"border:none;\"></td>\n <td width=\"7\" style=\"border:none;\"></td>\n <td width=\"142\" style=\"border:none;\"></td>\n </tr>\n</table>\n\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">BEFORE THIS MATTER CAN PROCEED TO SETTLEMENT\n/ DRAWDOWN</font></b></p>\n\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">1.</font><b><font size=\"1\" style=\"font-size:8.5pt;font-weight:bold;\">    </font></b>The security documentation relevant to the above matter, listed on the\nreverse of this certificate, is in order for signing by customers and other\nrelevant parties.</p>\n\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2.</font><b><font size=\"1\" style=\"font-size:8.5pt;font-weight:bold;\">     </font></b><b>If customer is a Company,\ndocuments are to be executed without seal. If the customer advises that the\ncompany seal must be used, the documents will need to be reissued with the\ncorrect execution clause for signing under seal.</b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">3.</font><b><font size=\"1\" style=\"font-size:8.5pt;font-weight:bold;\">    </font></b>The outstanding matters detailed on the\nreverse of this certificate require your attention BEFORE this matter can\nproceed to settlement/drawdown. Alternatively, Credit approval must be obtained\nto waive these requirements, OR, defer follow-up until after drawdown.</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"96%\" style=\"border-collapse:collapse;margin-left:.25in;width:96.08%;\">\n <tr>\n <td width=\"25%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:25.16%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Securities\n Officer (signature):</font></b></p>\n </td>\n <td width=\"74%\" colspan=\"2\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:74.84%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"100%\" colspan=\"3\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:100.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"51%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:51.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Name:\n William Widjaja</font></b></p>\n </td>\n <td width=\"49%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:49.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Date:\n 27 January 2008</font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"100%\" colspan=\"3\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:100.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"51%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:51.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Phone\n number: 02 87673234</font></b></p>\n </td>\n <td width=\"49%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:49.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Desk\n location number:</font></b></p>\n </td>\n </tr>\n <tr height=\"0\">\n <td width=\"181\" style=\"border:none;\"></td>\n <td width=\"186\" style=\"border:none;\"></td>\n <td width=\"352\" style=\"border:none;\"></td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">SALES\nMANAGER / RESPONSIBLE OFFICER SIGN OFF</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">The security documents have been executed by the customer; AND,</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">all conditions of approval (including hindsight review where\napplicable) and outstanding matters listed on the REVERSE are EITHER satisfied\n(and attached where appropriate), OR Credit Approval is held to waive or defer\nfollow-up.</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">PLEASE RETURN EXECUTED DOCUMENTATION AND THIS FORM COMPLETED AND\nSIGNED OFF.</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.28%;\">\n <tr>\n <td width=\"38%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:38.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Sales\n Manager/Responsible Officer (signature):</font></b></p>\n </td>\n <td width=\"61%\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:61.68%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"><font style=\"font-size:10.0pt;\">/s/\n </font>Sukhi Singh</font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"5%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.56%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Name:\n </font></b></p>\n </td>\n <td width=\"44%\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:44.44%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Sukhi Singh</font></p>\n </td>\n <td width=\"2%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:2.22%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.28%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Date:\n </font></b></p>\n </td>\n <td width=\"42%\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:42.5%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">12-02-08</font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"50%\" colspan=\"3\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"2%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:2.22%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"47%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:47.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.16%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">XTN:</font></b></p>\n </td>\n <td width=\"44%\" colspan=\"2\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:44.84%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"2%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:2.22%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"47%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:47.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n </tr>\n <tr height=\"0\">\n <td width=\"39\" style=\"border:none;\"></td>\n <td width=\"3\" style=\"border:none;\"></td>\n <td width=\"332\" style=\"border:none;\"></td>\n <td width=\"17\" style=\"border:none;\"></td>\n <td width=\"39\" style=\"border:none;\"></td>\n <td width=\"318\" style=\"border:none;\"></td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">DRAWDOWN DATE REQUIRED: </font></b>/s/<b> </b>Sukhi\nSingh</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">GENERAL/SPECIAL INSTRUCTIONS</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Please contact NAB for discharge of FFC.</font></p>\n\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">CREDIT\nAPPROVAL (if applicable)</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">The outstanding matters indicated\non the reverse of this form (by initial), are EITHER waived for the purpose of drawdown\nOR, Credit Approval is given to defer follow-up. The SALES MANAGER must clear\noutstanding items as indicated by (date).</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"21%\" colspan=\"3\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:21.26%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Credit\n Officer (signature):</font></b></p>\n </td>\n <td width=\"78%\" colspan=\"5\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:78.74%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"100%\" colspan=\"8\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:100.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.58%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Name:</font></b></p>\n </td>\n <td width=\"51%\" colspan=\"3\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:51.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"2%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:2.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.74%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Date:</font></b></p>\n </td>\n <td width=\"34%\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:34.44%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"100%\" colspan=\"8\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:100.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">XTN:</font></b></p>\n </td>\n <td width=\"51%\" colspan=\"3\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:51.84%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"43%\" colspan=\"4\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:43.16%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n </tr>\n <tr height=\"0\">\n <td width=\"37\" style=\"border:none;\"></td>\n <td width=\"4\" style=\"border:none;\"></td>\n <td width=\"117\" style=\"border:none;\"></td>\n <td width=\"266\" style=\"border:none;\"></td>\n <td width=\"0\" style=\"border:none;\"></td>\n <td width=\"22\" style=\"border:none;\"></td>\n <td width=\"43\" style=\"border:none;\"></td>\n <td width=\"258\" style=\"border:none;\"></td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">A COPY OF THE COMPLETED FORM (ALL PAGES) <u>MUST</u> BE KEPT ON\nTHE MANAGERIAL FILE</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='',FILE='C:\\JMS\\105538\\08-2683-1\\task2795775\\2683-1-ki-01.htm',USER='105538',CD='Mar 20 22:12 2008' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div style=\"font-family:Times New Roman;\">\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">DOCUMENT\nCOMPLETION CERTIFICATE</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">LIST OF DOCUMENTS ATTACHED:</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">PLEASE HAVE THE DOCUMENTS BELOW EXECUTED.</font></b></p>\n\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"43%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:43.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">BFA x3</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.96%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"54%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:54.12%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">MCP</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"43%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:43.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">LD175 - Channell Pty Ltd</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.96%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"54%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:54.12%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">LE171 & LE174 - Channell Pty Ltd</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"43%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:43.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">LE213</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.96%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"54%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:54.12%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">OUTSTANDING MATTERS:</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">THESE ITEMS MUST BE ACTIONED BEFORE SETTLEMENT & DRAWDOWN CAN\nGO AHEAD.</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"55%\" valign=\"bottom\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:55.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:8.0pt;font-weight:bold;\">Loan Centre Use</font></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"15%\" valign=\"bottom\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:15.0%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:8.0pt;font-weight:bold;\">Manager Use</font></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.0%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"28%\" colspan=\"3\" valign=\"bottom\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:28.0%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:8.0pt;font-weight:bold;\">Credit Centre Use</font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"55%\" valign=\"bottom\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:55.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:8.0pt;font-weight:bold;\">Outstanding Matters</font></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.0%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"15%\" valign=\"bottom\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:15.0%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:8.0pt;font-weight:bold;\">Satisfied/<br>\n Attached<br>\n (initials)</font></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.0%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"15%\" valign=\"bottom\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:15.0%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:8.0pt;font-weight:bold;\">APPROVED<br>\n </font></b><b><font size=\"1\" style=\"font-size:8.0pt;font-weight:bold;\">Follow-up<br>\n Waived<br>\n (initials)</font></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.0%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"12%\" valign=\"bottom\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:8.0pt;font-weight:bold;\">APPROVED<br>\n Follow-up<br>\n Post drawdown<br>\n **<br>\n (initials)</font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"55%\" valign=\"top\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Banker’s Undertaking signed by attorney in escrow - subject to manager\n obtaining customer’s execution of all security documents and Customer\n Indemnity, and all other outstanding matters being attended to before the\n Banker’s Undertaking is issued.</font></p>\n </td>\n <td width=\"1%\" valign=\"top\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"15%\" valign=\"top\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:15.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"15%\" valign=\"top\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:15.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"12%\" valign=\"top\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:12.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"55%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:55.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Pls ensure all docs are signed and return</font></p>\n </td>\n <td width=\"1%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:1.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"15%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:15.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"15%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:15.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"12%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:12.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"55%\" valign=\"top\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Pls ensure to return to us the GX copy for loading</font></p>\n </td>\n <td width=\"1%\" valign=\"top\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"15%\" valign=\"top\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:15.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"15%\" valign=\"top\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:15.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"12%\" valign=\"top\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"55%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:55.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Many Thanks</font></p>\n </td>\n <td width=\"1%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:1.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"15%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:15.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"15%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:15.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"12%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:12.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Recommendation To Credit<br>\n<i>(Manager Use Only)</i></font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;\"><hr size=\"1\" width=\"25%\" noshade color=\"black\" align=\"left\"></div>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .05in;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">**</font></b><b><font size=\"1\" style=\"font-size:8.5pt;font-weight:bold;\">          </font></b><b>THE SALES MANAGER IS RESPONSIBLE FOR COMPLETING OUTSTANDING MATTERS\nAFTER DRAWDOWN AS INDICATED ABOVE.</b></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='',FILE='C:\\JMS\\105538\\08-2683-1\\task2795775\\2683-1-ki-01.htm',USER='105538',CD='Mar 20 22:12 2008' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div style=\"font-family:Times New Roman;\">\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"45%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:45.44%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"><img width=\"252\" height=\"43\" src=\"g26831ki01i001.jpg\"></font></p>\n </td>\n <td width=\"4%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:4.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"50%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.38%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Westpac Banking Corporation ABN 33 007 457 141</font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">BANK COPY<br>\nPlease Sign and Return</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"50%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"30%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:30.0%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"20%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:20.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">BFS\n Sales Support NSW</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"50%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"30%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:30.0%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"20%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:20.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">1\n King Street</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"50%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"30%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:30.0%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"20%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:20.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Concord\n West NSW 2138</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"50%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"50%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"50%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"30%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:30.0%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"20%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:20.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Telephone\n 0409 221 537</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"50%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"30%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:30.0%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"20%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:20.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Facsimile\n (02)9836 1292</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"50%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">The\n Secretary</font></p>\n </td>\n <td width=\"30%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:30.0%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"20%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:20.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Our\n Ref: 100553695</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"50%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Bushmans\n Group Pty Ltd</font></p>\n </td>\n <td width=\"30%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:30.0%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"20%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:20.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Your\n Ref: 91991558</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"50%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">1/171\n Brisbane Road</font></p>\n </td>\n <td width=\"50%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"50%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Mooloolaba\n QLD 4557</font></p>\n </td>\n <td width=\"30%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:30.0%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"20%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:20.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">31\n January 2008</font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Dear\nSir/ Madam,</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Thank\nyou for the opportunity to discuss your finance requirements. I am pleased to\nadvise that your request for finance has been approved. Full details regarding\nyour Facilities are detailed in the attached Business Finance Agreement.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Would\nyou kindly sign and return the duplicate Business Finance Agreement to accept\nthis finance offer.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">We\nappreciate the opportunity to provide your finance on this occasion and look\nforward to being of assistance to you in the future.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">If\nyou have any questions about any aspect of your finance or the attached\ndocumentation, please do not hesitate to contact me.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"100%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:100.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Yours\n sincerely,</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"100%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:100.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"100%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:100.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"50%\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"font-size:10.0pt;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">/s/ </font>Sukhi\n Singh</p>\n </td>\n <td width=\"50%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"100%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:100.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Sukhi\n Singh</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"100%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:100.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Senior\n Relationship Manager</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"100%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:100.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">0409\n 221 537</font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"58%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:58.88%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"41%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:41.12%;\">\n <p align=\"right\" style=\"font-size:10.0pt;margin:0in 0in .0001pt;text-align:right;\"><i><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-style:italic;\">www.</font></i> westpac.com.au</p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='',FILE='C:\\JMS\\105538\\08-2683-1\\task2795775\\2683-1-ki-01.htm',USER='105538',CD='Mar 20 22:12 2008' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div style=\"font-family:Times New Roman;\">\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"79%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:79.92%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Westpac Banking Corporation</font></b></p>\n </td>\n <td width=\"20%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:20.08%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">ABN 33 007 457 141</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"79%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:79.92%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"20%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:20.08%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"79%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:79.92%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Business Finance Agreement</font></b></p>\n </td>\n <td width=\"20%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:20.08%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"right\" style=\"background:white;margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">31 January 2008</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">To:\nBushmans Group Pty Ltd ACN: 090 744 022</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">We\nare pleased to offer finance as detailed in the following sections and attachments\nto this letter:</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"90%\" style=\"border-collapse:collapse;margin-left:.5in;width:90.0%;\">\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">FINANCE DETAILS</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Page 2</font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">This\n schedule details the Facilities, including the finance amount, term,\n repayment arrangements, interest rate and fees payable. </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">DETAILS OF FEES & CHARGES</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Page 4</font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">This\n schedule displays details of the fees and charges payable, and how they are\n calculated.</font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">TERMS OF FINANCE OFFER</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Page 6</font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">These\n are terms specific to your finance arrangements.</font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">ACKNOWLEDGEMENT & ACCEPTANCE</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Page 10</font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">This\n section must be signed and returned to accept this finance offer. </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">ADDITIONAL ATTACHMENTS</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Product Schedules</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">These\n contain information specific to certain types of Facilities. If all of the\n details you need to know about a Facility are contained in the Finance Details,\n that Facility will not have a separate Product Schedule. The attached Product\n Schedules relevant to your Facilities are: </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"font-size:10.0pt;margin:0in 0in .0001pt 20.0pt;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" face=\"Symbol\" style=\"font-size:8.5pt;\"> </font><b>Banker’s Undertaking</b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">General Conditions Booklet version 3, dated 03/2003 (the\n “booklet”)</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"78%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:78.78%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">This\n booklet contains terms and conditions that apply to all borrowers.</font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.32%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.24%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">For\ndefinitions of terms used in this letter please refer to your booklet.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">This\nAgreement only applies to the Facilities listed in the attached Finance\nDetails.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">1</font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='1',FILE='C:\\JMS\\105538\\08-2683-1\\task2795775\\2683-1-ki-01.htm',USER='105538',CD='Mar 20 22:12 2008' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div style=\"font-family:Times New Roman;\">\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Finance Details</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"15%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:15.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Borrower’s Name</font></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.42%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"82%\" colspan=\"5\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:82.92%;\">\n <p style=\"font-size:10.0pt;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Bushmans Group </font></b><b><font style=\"font-weight:bold;\">Pty </font>Ltd ACN: 090 744 022</b></p>\n </td>\n </tr>\n <tr>\n <td width=\"15%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:15.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.42%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"82%\" colspan=\"5\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:82.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"15%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:15.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Facility A</font></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.42%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"46%\" colspan=\"3\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:46.68%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Banker’s Undertaking - Individual Limit</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.22%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"34%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:34.02%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"15%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:15.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.42%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"46%\" colspan=\"3\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:46.68%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.22%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"34%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:34.02%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"15%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:15.66%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Purpose</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.42%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"24%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:24.9%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">For\n Rental Bond</font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.22%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"19%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:19.56%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.22%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"34%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:34.02%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr height=\"0\">\n <td width=\"117\" style=\"border:none;\"></td>\n <td width=\"11\" style=\"border:none;\"></td>\n <td width=\"186\" style=\"border:none;\"></td>\n <td width=\"17\" style=\"border:none;\"></td>\n <td width=\"146\" style=\"border:none;\"></td>\n <td width=\"17\" style=\"border:none;\"></td>\n <td width=\"254\" style=\"border:none;\"></td>\n </tr>\n</table>\n\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Existing\n Limit</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.84%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.12%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">$</font></p>\n </td>\n <td width=\"12%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:12.46%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Nil</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.4%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"55%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:55.26%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Change\n in Limit</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.84%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.12%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">$</font></p>\n </td>\n <td width=\"12%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:12.46%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">+86,744.89</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.4%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"55%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:55.26%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Resultant\n Limit</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.84%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.12%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">$</font></p>\n </td>\n <td width=\"12%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:12.46%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">86,744.89</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.4%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"55%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:55.26%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"15%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:15.42%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Payment\n Details</font></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.82%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"10%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:10.7%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.16%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"55%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:55.64%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"15%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:15.42%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.82%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"10%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:10.7%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.16%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"55%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:55.64%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"15%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:15.42%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Payment\n Type</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.82%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"10%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:10.7%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">On\n Demand</font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.16%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"55%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:55.64%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"15%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:15.42%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.82%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"10%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:10.7%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.16%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"55%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:55.64%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"15%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:15.42%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Facility\n Fee(s)</font></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.82%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"10%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:10.7%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.16%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"55%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:55.64%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"15%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:15.42%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.82%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"10%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:10.7%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.16%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"55%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:55.64%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"15%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:15.42%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Facility\n Fee Type</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.82%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"10%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:10.7%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Service\n Fee</font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.16%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Amount &<br>\n Accrual Cycle</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"55%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:55.64%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">(1.25%)\n per half year in advance. The minimum fee is $100 (which is subject to change).\n The Service Fee is charged six monthly in advance and is non-refundable.</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"15%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:15.42%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.82%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"10%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:10.7%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.16%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"55%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:55.64%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"15%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:15.42%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Facility B</font></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.82%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"82%\" colspan=\"5\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:82.76%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Westpac Equipment Finance - Revolving Limit</font></b></p>\n </td>\n </tr>\n</table>\n\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"27%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:27.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Existing\n Limit</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.84%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.12%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">$</font></p>\n </td>\n <td width=\"12%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:12.46%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Nil</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.4%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"55%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:55.26%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">The\n terms and conditions including any security details for this facility have\n been provided to you separately.</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Change\n in Limit</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.84%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.12%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">$</font></p>\n </td>\n <td width=\"12%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:12.46%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">+750,000.00</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.4%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"55%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:55.26%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Resultant\n Limit</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.84%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.12%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">$</font></p>\n </td>\n <td width=\"12%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:12.46%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">750,000.00</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.4%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"55%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:55.26%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">The following specific conditions apply to this Borrower’s\nFacilities:-</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">The Bank will require execution of ASIC form 312 by Australian Executor\nTrustees Limited to release assets purchased by Bushmans Group Pty Ltd under\nWestpac Equipment finance.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">You must provide the following reports to us, certified by the director\n/ principal, on a half yearly basis commencing 15/8/2008. These reports are to\nbe provided within 45 days of the corresponding balance date 30/6 and 31/12 and\nare to include:</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">1)</font><font size=\"1\" style=\"font-size:8.5pt;\">     </font>Balance Sheet/Trading profit & loss\nstatements (including year to date figures).</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2)</font><font size=\"1\" style=\"font-size:8.5pt;\">     </font>Aged debtor & creditor listing.</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">3)</font><font size=\"1\" style=\"font-size:8.5pt;\">     </font>Cash flow budget (including historical results vs\nbudget year to date and forward projections for at least the next 12 months).</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">4)</font><font size=\"1\" style=\"font-size:8.5pt;\">     </font>Comments on any material variation to plan and\nsteps taken to correct these.</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">5)</font><font size=\"1\" style=\"font-size:8.5pt;\">     </font>Our “Working Asset Statement” (your manager will\nprovide you with the standard form for completion).</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2</font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='2',FILE='C:\\JMS\\105538\\08-2683-1\\task2795775\\2683-1-ki-01.htm',USER='105538',CD='Mar 20 22:12 2008' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div>\n\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">The Facilities\nfor this Borrower will be secured by the following:-</font></b></p>\n\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"13%\" valign=\"bottom\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.16%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:8.0pt;font-weight:bold;\">Status</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.92%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"83%\" valign=\"bottom\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:83.92%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:8.0pt;font-weight:bold;\">Details</font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"13%\" valign=\"bottom\" style=\"border:none;padding:0in 0in 0in 0in;width:13.16%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:8.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.92%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:8.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"83%\" valign=\"bottom\" style=\"border:none;padding:0in 0in 0in 0in;width:83.92%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:8.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"13%\" valign=\"top\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:13.16%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Offered</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:2.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"83%\" valign=\"bottom\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:83.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"><font style=\"font-size:10.0pt;\">$</font>836,745.00\n Limited Guarantee by Channell Pty Ltd ACN 002 735 622 supported by</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"13%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:13.16%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"83%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:83.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"13%\" valign=\"top\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:13.16%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Offered</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:2.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"83%\" valign=\"top\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:83.92%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Fixed\n and Floating Charge by Channell Pty Ltd ACN 002 735 622 over all assets and\n uncalled capital</font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">3</font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='3',FILE='C:\\JMS\\105538\\08-2683-1\\task2795775\\2683-1-ki-01.htm',USER='105538',CD='Mar 20 22:12 2008' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div style=\"font-family:Times New Roman;\">\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Details of Fees &<i> </i>Charges</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">What are the set up costs for this finance?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"83%\" valign=\"bottom\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:83.76%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Lender</font></u></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:1.88%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"12%\" colspan=\"2\" valign=\"bottom\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:12.94%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:1.42%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"1\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"83%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:83.76%;\">\n <p style=\"margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Establishment Fee</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.88%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"0%\" valign=\"bottom\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:.84%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">$</font></p>\n </td>\n <td width=\"12%\" valign=\"bottom\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.1%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">500.00</font></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:1.42%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"83%\" valign=\"top\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:83.76%;\">\n <p style=\"margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Total (excludes ongoing fees)</font></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:1.88%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"0%\" valign=\"bottom\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:.84%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">$</font></b></p>\n </td>\n <td width=\"12%\" valign=\"bottom\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:12.1%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">500.00</font></b></p>\n </td>\n <td width=\"1%\" valign=\"bottom\" bgcolor=\"#CCEEFF\" style=\"background:#CCEEFF;padding:0in 0in 0in 0in;width:1.42%;\">\n <p style=\"margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\"> </font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Do property valuation fees apply?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">We may, at any time, obtain a valuation of any new security property or\nan updated valuation of any existing security property from a Licensed Valuer.\nIf we do, you will have to pay for the valuation. We will advise you before we\ndo so. The cost may be debited to one of your accounts.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Is the amount of these fees and charges\nlikely to vary?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">The fees and charges quoted above are indicative of what is payable to\nus and/or to the Government.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Should we be required to pay additional Government charges in relation\nto the security documentation and they are not quoted above, then you will be\nrequired to cover these costs. Any fees or charges not paid by you (or\nauthorised for payment) after acceptance of this offer may be debited to any of\nyour accounts.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">If the Facilities or Securities are complicated in nature, we may\ninstruct our solicitors to prepare the Securities. If so, you will have to pay\ntheir costs and disbursements. An estimate of the amount payable will be\nprovided to you on request.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">If you increase, extend or vary a Facility, additional fees and charges\nmay apply.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">What happens if the Agreement does not\nproceed?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>You will be responsible for payment of any legal\nfees and disbursements incurred up to that time; and</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>You may be required to pay,\nor we may keep (or debit any of your accounts with) any other fees and charges\nincurred, which would have been payable under the Agreement.</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">If, after accepting this offer, you decide not to proceed, we are\nentitled to retain the Establishment Fee, but part of the Establishment Fee may\nbe refunded to you. As you will appreciate, the funds retained will be used to\ncompensate us for work completed up to the point of you notifying us that the\nFacilities are no longer required.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">How are the ongoing fees and charges on my\nfacilities calculated?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">The Finance Details set out each fee applicable to your Facilities, and\nthe amounts or rates of those fees. The method of calculation and charging for\nthese fees is detailed below.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .25in;\"><b><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Banker’s Undertaking</font></u></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Service Fee </font></b>is\ncalculated as a percentage of the value of each Banker’s Undertaking issued,\nwith a minimum fee of currently $100.00, but subject to change. The Service Fee\nis charged six monthly in advance and is non-refundable.</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">4</font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='4',FILE='C:\\JMS\\105538\\08-2683-1\\task2795775\\2683-1-ki-01.htm',USER='105538',CD='Mar 20 22:12 2008' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div style=\"font-family:Times New Roman;\">\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Establishment fee </font></b>is\npayable for each additional Banker’s Undertaking issued under a Banker’s\nUndertaking Revolving Limit. This fee is currently $100.00, but subject to change.\nThe fee is charged on issue of the additional Banker’s Undertaking.</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Banker’s Undertaking Demand Processing Fee </font></b>of\n$250 is payable each time the Bank is required to make payment (either full or\nin part) in response to a demand received from a Favouree under a Banker’s\nUndertaking.</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">5</font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='5',FILE='C:\\JMS\\105538\\08-2683-1\\task2795775\\2683-1-ki-01.htm',USER='105538',CD='Mar 20 22:12 2008' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div style=\"font-family:Times New Roman;\">\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Terms of Finance Offer</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">What do I need to do before the finance will\nbe available to me?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">This offer of finance is subject to the following conditions. You need\nto:</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>accept\nthis offer (See “How can I accept this finance offer?”)</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>pay\nthe Establishment Fee</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>supply\na statement signed by each corporate Guarantor, satisfactory to us, as to the\ncommercial benefit it will receive as a result of giving any Collateral Security</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>complete\nand sign any new security documentation to our satisfaction</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>in\norder for us to accept a guarantee as security, the Guarantor will need to meet\nwith one of our representatives without you being present. The Guarantor will\nalso need to obtain independent legal advice from an independent lawyer\n(neither yours nor ours) who will provide us with a certificate to the effect\nthat the Guarantor fully understands and agrees to the terms of the new\nguarantee. (please note that we will not be responsible for the cost of that\nadvice - the lawyer’s costs are the responsibility of you or the guarantor). A\nGuarantee Document Preparation Fee also applies.</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Do I have to provide Security?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">This is not an agreement to give Security. However, unless a Facility\nis stated as unsecured in the Finance Details, we will not provide any Facility\nuntil you do so.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">When will my finance arrangements be\nreviewed?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">We may review each Facility:</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>annually and</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>at any other time after\ngiving notice to you.</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Refer to your booklet for further information.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">What should I know about interest rates and\nmargins?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Where an interest rate applies to a Facility:</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>interest\nwill be calculated on the daily balance owing in the loan account from the\nfirst day of drawing to the date of repayment</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>if\nno period is specified in the Finance Details, interest is payable on the last\nbusiness day of each calendar month</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>quarterly\ninterest (where applicable) will be payable on the last business day of March,\nJune, September and December</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>half\nyearly interest (where applicable) will be payable on the last business day of March and\nSeptember</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>interest\nmay be debited to the loan account without notice to you.</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">You agree to pay:</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>interest\non each Facility at the interest rate and margin stated in the Finance Details</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">6</font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='6',FILE='C:\\JMS\\105538\\08-2683-1\\task2795775\\2683-1-ki-01.htm',USER='105538',CD='Mar 20 22:12 2008' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div style=\"font-family:Times New Roman;\">\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>interest\non overdue amounts including excesses above Facility Limits at the <i>Unarranged Lending Rate, </i>which will be\ndetermined by the Bank from time to time.</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">We\ncan vary the margin at any review and we will notify you of any change to the\nmargin. The <i>Unarranged Lending Rate </i>will\nbe published in a tombstone with our other Business Finance lending rates.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Advertisements\nof our current variable base rates and the <i>Unarranged\nLending Rate </i>will appear in the <i>Australian\nFinancial Review </i>and <i>The\nAustralian </i>every second Monday. If Monday is a public holiday, the\nadvertisement will appear on the next business day. We will also give you\ninformation on current interest rates, on request.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Can the amount of my fees and charges change?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Fees\nand charges quoted in the Finance Details are based on the finance product\nselected. Any changes to amount outstanding, or to terms and conditions, may\nresult in a change to the amount of those fees. See “How are the ongoing Fees\nand Charges on my Facilities calculated?” for more details.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">We\nmay vary the fees and charges payable, or introduce new fees and charges, as\nexplained in the booklet.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Goods\nand services tax (GST) is a tax payable in respect of taxable supplies (as\ndefined in the GST law) made on or after 1 July 2000.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Some\nfees and charges may be varied as a result of the introduction of GST in the\nmanner outlined above.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Where,\nas provided in the booklet you have to:</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>indemnify us against an amount; or</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>pay or reimburse us for an amount we will pay\nor have paid to someone else (a Supplier) and the cost to us includes GST\npayable to the Australian Tax Office by the Supplier,</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">the\namount you will pay us, or that we may charge to any of your accounts, will\ninclude any GST or other tax paid or payable by us or the Supplier.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">However,\nto the extent that we are entitled to claim an input tax credit or a reduced\ninput tax credit in respect of any supply which is paid or reimbursed by you,\nand the benefit of that credit is not reflected in the amount you have paid, it\nwill be passed on to you later.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Where are the ongoing fees charged?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Those\nfees may be charged to any of your accounts. Generally this will be the\nfacility account or the principal transaction account of the borrower.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Are my Facilities repayable on demand?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Yes,\nunless otherwise stated in the Finance Details.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">How often will I receive statements of account?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">We\nwill send you a statement of your loan account every six months or more\nfrequently as agreed between us.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">7</font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='7',FILE='C:\\JMS\\105538\\08-2683-1\\task2795775\\2683-1-ki-01.htm',USER='105538',CD='Mar 20 22:12 2008' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div style=\"font-family:Times New Roman;\">\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Does the code of Banking Practice apply?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><i><font size=\"2\" face=\"Times New Roman\"><font style=\"font-size:10.0pt;font-style:italic;\">If </font>any one borrower is a small business as defined by the Code:</font></i></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Each relevant provision of the Code of Banking Practice will apply to\nyour finance from the date we adopt that provision.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">The relevant descriptive information referred to in sections 13.1 and\n13.2 of the Code of Banking Practice is set out in our Terms and Conditions\nbooklets:</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:3.0pt;\">                  </font><i>Deposit Accounts for Personal Customers Product\nDisclosure Statement - incorporating Terms and Conditions for using your\naccount</i></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:3.0pt;\">                  </font><i>Deposit Accounts for Business Customers Product\nDisclosure Statement - incorporating Terms and Conditions for using your\naccount</i></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">These booklets include the following information:</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>our\naccount opening procedures;</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>our\nobligations regarding the confidentiality of your information;</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>complaint\nhandling procedures;</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>general\ndescriptive information regarding bank cheques;</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>a\nrecommendation that you inform us promptly if you are in financial difficulty;\nand</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>a\nrecommendation that you carefully read the terms and conditions applying to the\nrelevant banking service (which in relation to your business finance means you\nshould carefully read your Business Finance Agreement before signing it).</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Copies of these booklets are available on request.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><i><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-style:italic;\">If none of the borrowers are a small business\nas defined by the Code:</font></i></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">No.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">If I am borrowing with someone else, can I\ndetermine my liability?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">If there is more than one borrower, each of you is individually liable\nfor the full amount of the facilities, unless this Agreement provides\notherwise. We will allow a borrower to terminate their liability in respect of\nfuture advances or financial accommodation on giving us written notice. This right\nonly applies where we can terminate any obligation we have to provide further\ncredit to any other borrower under the same facility.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">How can I make my payments?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">You can make your payments:</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>by periodical payment from\nan account in your name you conduct with us. You can choose this option by\ncompleting the details in the Acknowledgement and Acceptance section. Current\nperiodical payment fees are quoted in our Banking Services brochure, which you\ncan obtain from any branch, or by calling Business Telephone Banking on 132\n142; or</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>by periodical payment from\nan account with another financial institution – you will need to organise this\nwith that financial institution; or</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>at any of our branches in\nAustralia. Please let your Business Banking Manager know if you require a\ndeposit book; or</p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"1\" style=\"font-size:8.5pt;\">      </font>by use of Business Internet\nBanking or Business Telephone Banking.</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Some of the options listed above may not be available to you, depending\non your Facility. Your Business Banking Manager can assist you in selecting the\nright payment option for your Facility.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8</font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='8',FILE='C:\\JMS\\105538\\08-2683-1\\task2795775\\2683-1-ki-01.htm',USER='105538',CD='Mar 20 22:12 2008' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Can I stop my obligations in respect of\nfurther advances?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">If you are jointly and severally liable under a credit facility, we\nwill allow you to terminate your liability in respect of future advances or\nfinancial accommodation on giving us written notice. This right only applies\nwhere we can terminate any obligation we have to provide further credit to any\nother debtor under the same credit facility, for example any obligation we may\nhave to pay unpresented cheques under an overdraft facility.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">How can I accept this finance offer?</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">You have 30 days from the date of this offer to accept it, unless we\nextend the date.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">You will need to complete, sign, date and return the second copy of\nthis Finance Agreement to this office. When we receive your acceptance, the\nAgreement will commence and will replace all previous agreements between us in\nrelation to the Facilities.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">We may withdraw this offer at any time before you accept it, if we\nbecome aware of anything we consider changes the basis on which the offer was\nmade.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">If you do not draw any Facility (except for Overdraft or Line of Credit\nFacilities) within 3 months after you accept the offer, we may cancel that\nFacility unless we have agreed otherwise.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Signed for and on behalf of Westpac Banking Corporation by:</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"50%\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">/s/ Sukhi Singh</font></p>\n </td>\n <td width=\"50%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"100%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:100.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Sukhi Singh</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"100%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:100.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Senior Relationship Manager</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"100%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:100.0%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">0409 221 537</font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">9</font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='9',FILE='C:\\JMS\\105538\\08-2683-1\\task2795775\\2683-1-ki-01.htm',USER='105538',CD='Mar 20 22:12 2008' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div style=\"font-family:Times New Roman;\">\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Acknowledgement &\nAcceptance</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Acknowledgements\nAnd Acceptance of Business Finance Terms and Conditions</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Each\nBorrower:</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">1.</font><font size=\"1\" style=\"font-size:8.5pt;\">     </font>accepts the offer dated 31 January 2008</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2.</font><font size=\"1\" style=\"font-size:8.5pt;\">     </font>acknowledges receipt of, has read and\nunderstood the booklet and any Product Schedules</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">3.</font><font size=\"1\" style=\"font-size:8.5pt;\">     </font>requests that you prepare any Securities</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">4.</font><font size=\"1\" style=\"font-size:8.5pt;\">     </font>*encloses a cheque for the total amount of fees payable (I/We will\nforward a cheque for any valuation fees applicable, once advised of the\namount.)</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .25in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">*authorises you to debit the following account(s) for the fees\npayable (including any valuation fees applicable):</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"14%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:14.34%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Account\n Number</font></p>\n </td>\n <td width=\"31%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:31.52%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">032071\n - 393522</font></p>\n </td>\n <td width=\"5%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:5.16%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"14%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:14.14%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Account\n Number</font></p>\n </td>\n <td width=\"34%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:34.84%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">032071\n - 393522</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"14%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:14.34%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Branch</font></p>\n </td>\n <td width=\"31%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:31.52%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"5%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:5.16%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"14%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:14.14%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Branch</font></p>\n </td>\n <td width=\"34%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:34.84%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"14%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:14.34%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Amount\n $</font></p>\n </td>\n <td width=\"31%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:31.52%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"5%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:5.16%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"14%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:14.14%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Amount\n $</font></p>\n </td>\n <td width=\"34%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:34.84%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">5.</font><font size=\"1\" style=\"font-size:8.5pt;\">     </font>*requests that you debit my/our account number at branch\nfor the balance of the purchase moneys payable at settlement. *(up to the sum\nof $ ),\nand pay this amount as my/our solicitor/agent/conveyancer directs.</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">6.</font><font size=\"1\" style=\"font-size:8.5pt;\">     </font>*authorises you to debit my/our account and pay my/our solicitor’s/agent’s/conveyancer’s\naccount, as instructed at settlement.</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">7.</font><font size=\"1\" style=\"font-size:8.5pt;\">     </font>*authorises you to debit my/our account number at branch\nfor any fees relating to the Banker’s Undertaking. <i>(*delete & initial whichever is not required)</i></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.</font><font size=\"1\" style=\"font-size:8.5pt;\">     </font>confirms that they do not hold any assets as the trustee of a trust\nunless the Agreement states that it is a trustee;</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">9.</font><font size=\"1\" style=\"font-size:8.5pt;\">     </font>acknowledges that each Borrower is liable for the whole amount of the\nfacility. This means that you can require any borrower to pay <u>all</u> the\nprincipal, <u>all</u> the interest and <u>all</u> other amounts. If the other\nBorrower or Borrowers do not pay any amount, each Borrower acknowledges that it\nwill have to pay the full amount itself.</p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"8%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:8.08%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">DATED:</font></p>\n </td>\n <td width=\"41%\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:41.94%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">31 / 01 / ’08</font></p>\n </td>\n <td width=\"49%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:49.98%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">10</font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='10',FILE='C:\\JMS\\105538\\08-2683-1\\task2795775\\2683-1-ki-01.htm',USER='105538',CD='Mar 20 22:12 2008' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">SIGNED\nfor and on behalf of Bushmans Group Pty Ltd ACN: 090 744 022</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"52%\" colspan=\"2\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:52.26%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">/s/ George Apostoliais</font></p>\n </td>\n <td width=\"47%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:47.74%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"52%\" colspan=\"2\" valign=\"top\" style=\"border:none;padding:0in 0in 0in 0in;width:52.26%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Director</font></p>\n </td>\n <td width=\"47%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:47.74%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"9%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:9.42%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Print\n Name </font></p>\n </td>\n <td width=\"42%\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:42.84%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">George\n Apostoliais</font></p>\n </td>\n <td width=\"47%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:47.74%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"52%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:52.26%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"47%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:47.74%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"52%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:52.26%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"47%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:47.74%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"52%\" colspan=\"2\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:52.26%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">/s/ Amar Kulkarni</font></p>\n </td>\n <td width=\"47%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:47.74%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"52%\" colspan=\"2\" valign=\"top\" style=\"border:none;padding:0in 0in 0in 0in;width:52.26%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Secretary</font></p>\n </td>\n <td width=\"47%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:47.74%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"9%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:9.42%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Print Name</font></p>\n </td>\n <td width=\"42%\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:42.84%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Amar Kulkarni</font></p>\n </td>\n <td width=\"47%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:47.74%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"52%\" colspan=\"4\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:52.3%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">The\n Solicitor, Settlement Agent or Land Broker acting for me/us is:-</font></p>\n </td>\n <td width=\"1%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:1.68%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"46%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:46.02%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"52%\" colspan=\"4\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:52.3%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:1.68%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"46%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:46.02%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"5%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:5.56%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Name:</font></p>\n </td>\n <td width=\"46%\" colspan=\"3\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:46.74%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:1.68%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"46%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:46.02%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"52%\" colspan=\"4\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:52.3%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:1.68%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"46%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:46.02%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"7%\" colspan=\"2\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:7.36%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Address:</font></p>\n </td>\n <td width=\"44%\" colspan=\"2\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:44.96%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:1.68%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"46%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:46.02%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"52%\" colspan=\"4\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:52.3%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:1.68%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"46%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:46.02%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"8%\" colspan=\"3\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:8.76%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Phone/Fax:</font></p>\n </td>\n <td width=\"43%\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:43.56%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"1%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:1.68%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"46%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:46.02%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr height=\"0\">\n <td width=\"42\" style=\"border:none;\"></td>\n <td width=\"13\" style=\"border:none;\"></td>\n <td width=\"10\" style=\"border:none;\"></td>\n <td width=\"326\" style=\"border:none;\"></td>\n <td width=\"13\" style=\"border:none;\"></td>\n <td width=\"344\" style=\"border:none;\"></td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">11</font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='11',FILE='C:\\JMS\\105538\\08-2683-1\\task2795775\\2683-1-ki-01.htm',USER='105538',CD='Mar 20 22:12 2008' -->\n\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n<div style=\"font-family:Times New Roman;\">\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">BANKER’S\nUNDERTAKING</font></b></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 1.1pt .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">This Schedule sets out additional terms and conditions of your Banker’s\nUndertaking facility which are not included in the Finance Details.</font></p>\n\n<p style=\"background:white;margin:0in 1.1pt .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .7pt;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Revolving Facility</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .7pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 1.1pt .0001pt 0in;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">If the Finance Details states that you have a\nRevolving Facility, you may request the Lender to issue more than one Banker’s\nUndertaking up to the unused portion of the Limit Amount quoted in the Finance\nDetails. The Lender may state additional pre-conditions to the issue of each\nBanker’s Undertaking. The following terms and conditions also apply to each\nBanker’s Undertaking issued under the Revolving Facility.</font></p>\n\n<p style=\"background:white;margin:0in 1.1pt .0001pt 0in;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Payment</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 1.1pt .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">The Lender may at any time, without being required to do so, pay to the\nfavouree any amount required by the favouree to discharge the Lender’s\nobligations under the Banker’s Undertaking.</font></p>\n\n<p style=\"background:white;margin:0in 1.1pt .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in .7pt .0001pt 0in;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">The Lender may pay any amount that it is called upon to pay or which\nthe Lender, in its discretion, decides to pay under the Banker’s Undertaking\nwithout reference to you or any surety, and without enquiring whether the\nconditions or obligations under any agreement between you and the favouree have\nor have not been complied with. The Lender is not required to investigate the\ncorrectness of any information, statement or document or verify any signature\nor title on any document given to the Lender in relation to the Banker’s\nUndertaking.</font></p>\n\n<p style=\"background:white;margin:0in .7pt .0001pt 0in;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in .7pt .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Where a Banker’s Undertaking is issued in Western Australia, if the\nLender pays an amount under a Banker’s Undertaking, the Lender will debit any\nof your accounts or open an account and debit that account for the amount paid\nby the Lender.</font></p>\n\n<p style=\"background:white;margin:0in .7pt .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in .35pt .0001pt .7pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Where a Banker’s Undertaking is not issued in Western Australia, if the\nLender pays an amount under a Banker’s Undertaking you will pay that amount to\nthe Lender immediately on demand. The Lender may also debit any of your\naccounts for that amount, or open an account and debit that amount to that\naccount.</font></p>\n\n<p style=\"background:white;margin:0in .35pt .0001pt .7pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Account for Charging of </font></b><b><font size=\"2\" style=\"font-size:10.0pt;font-weight:bold;\">Fees</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">If you do not already conduct an account with the Lender you will be\nrequired to open one, to enable the Lender to automatically deduct all ongoing\nfees. You must continue to conduct an account with the Lender until you notify\nthe Lender that the Banker’s Undertaking facility is no longer required.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Bill Of Lading</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">If\na Banker’s Undertaking is to be in the form of a guarantee signed by you and\nendorsed by the Lender to enable you to obtain the delivery of goods without\nproduction of the Bill of Lading in relation to those goods, then you will\nreturn the Banker’s Undertaking to the Lender as soon as the Bill of Lading has\nbeen delivered to the shipping agents. Your obligations under the Banker’s\nUndertaking and this Agreement will continue whether or not drafts or documents\npresented to the Lender are in accordance the terms and conditions of the\ndocumentary credit or collection transaction of which they are a part. You\nundertake that the goods referred to in the Bill of Lading are not included in\nthe list of prohibited goods specified by the Customs Department.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .7pt;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Cancellation Of Banker’s Undertakings</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .7pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .7pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">The Lender’s obligations under a Banker’s Undertaking cease on the\nearliest of the following:</font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='',FILE='C:\\JMS\\vramanathan\\08-2683-1\\task2797202\\2683-1-ki-03.htm',USER='105241',CD='Mar 21 06:04 2008' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div style=\"font-family:Times New Roman;\">\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"31\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:23.4pt;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">a)</font></p>\n </td>\n <td width=\"651\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:488.15pt;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">notification\n is received by the Lender from the favouree that the Undertaking is no longer\n required;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"31\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:23.4pt;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">b)</font></p>\n </td>\n <td width=\"651\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:488.15pt;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">the\n Undertaking is returned to the Lender;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"31\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:23.4pt;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">c)</font></p>\n </td>\n <td width=\"651\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:488.15pt;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">all\n payments by the Lender to the favouree under the Undertaking total the amount\n payable under it;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"31\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:23.4pt;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">d)</font></p>\n </td>\n <td width=\"651\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:488.15pt;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">the\n favouree notifies the Lender that the payments made by the Lender constitute\n the total amount required to be paid;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"31\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:23.4pt;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">e)</font></p>\n </td>\n <td width=\"651\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:488.15pt;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">on\n the expiry date, if any, of the Undertaking.</font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Consent</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">The Lender may give to any surety copies of:</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"2\" style=\"font-size:10.0pt;\">      the Business Facility Agreement including all Schedules and the\nbooklet;</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"2\" style=\"font-size:10.0pt;\">      the Banker’s Undertaking;</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;\">·</font><font size=\"2\" style=\"font-size:10.0pt;\">      any formal demand that is sent to you.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 23.75pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='',FILE='C:\\JMS\\vramanathan\\08-2683-1\\task2797202\\2683-1-ki-03.htm',USER='105241',CD='Mar 21 06:04 2008' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div style=\"font-family:Times New Roman;\">\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"33%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:33.36%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"33%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:33.32%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">BANK COPY</font></p>\n </td>\n <td width=\"33%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:33.32%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">BUSINESS VERSION</font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"33%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:33.36%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"33%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:33.32%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"33%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:33.32%;\">\n <p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;text-autospace:none;\"><b><i><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-style:italic;font-weight:bold;\">Specific facility</font></i></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"33%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:33.36%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"33%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:33.32%;\">\n <p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Please Sign and Return</font></p>\n </td>\n <td width=\"33%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:33.32%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 11.15pt;text-autospace:none;\"><b><i><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-style:italic;font-weight:bold;\">WARNING: THIS\nIS A VERY IMPORTANT DOCUMENT</font></i></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 11.15pt;text-autospace:none;\"><b><i><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-style:italic;font-weight:bold;\">You may have to\npay money owed by the Customer referred to below as well as or</font></i></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 10.45pt;text-autospace:none;\"><b><i><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-style:italic;font-weight:bold;\">instead of the\nCustomer.</font></i></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 10.45pt;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 10.45pt;text-autospace:none;\"><b><i><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-style:italic;font-weight:bold;\">BEFORE YOU SIGN\nIT:</font></i></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 10.45pt;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .4in;text-autospace:none;text-indent:-.25in;\"><b><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;font-weight:bold;\">·</font></b><b><font size=\"2\" style=\"font-size:10.0pt;font-weight:bold;\">      <i>you\nshould read carefully both it and the Memorandum of Common Provisions referred\nto below;</i></font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 9.7pt;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .4in;text-autospace:none;text-indent:-.25in;\"><b><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;font-weight:bold;\">·</font></b><b><font size=\"2\" style=\"font-size:10.0pt;font-weight:bold;\">      <i>you\nshould check for yourself whether the Customer can and will pay its debts; and</i></font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 9.7pt;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .4in;text-autospace:none;text-indent:-.25in;\"><b><font size=\"2\" face=\"Symbol\" style=\"font-size:10.0pt;font-weight:bold;\">·</font></b><b><font size=\"2\" style=\"font-size:10.0pt;font-weight:bold;\">      <i>you\nshould see your own lawyer and financial adviser.</i></font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 9.7pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">GUARANTEE AND INDEMNITY</font></b></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">by</font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">you,<b> <i>the Guarantor</i></b></font></p>\n\n<p style=\"background:white;margin:0in .3in .0001pt 1.1pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Channell Pty Ltd ACN 002 735 622 of C/-<i> </i>Baker &\nMckenzie ‘AMP Centre’ Level 27 50 Bridge Street, Sydney NSW 2000 and any other\nperson listed as a Guarantor on the back cover</font></p>\n\n<p style=\"background:white;margin:0in .3in .0001pt 1.1pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">to</font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><b><i><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-style:italic;font-weight:bold;\">the Lende</font></i></b><b><font size=\"2\" style=\"font-size:10.0pt;font-weight:bold;\">r</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">WESTPAC</font></b><b><font size=\"2\" style=\"font-size:10.0pt;font-weight:bold;\"> BANKING CORPORATION ABN 33 007 457 141 of 275 Kent Street, Sydney, NSW</font></b></p>\n\n<p style=\"background:white;margin:0in .3in .0001pt .7pt;text-autospace:none;text-indent:217.45pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">in respect of money now or in the future owed\nby</font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><b><i><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-style:italic;font-weight:bold;\">the Customer</font></i></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Bushmans Group Pty Ltd ACN 090 744 022 of C/-<i> </i>Baker &\nMckenzie ‘AMP Centre’ Level 27 50 Bridge Street, Sydney NSW 2000 and any other\nperson listed as a Customer on the back cover (and if there is more than one\nany more of them)</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">in relation to</font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><b><i><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-style:italic;font-weight:bold;\">the Guaranteed Obligations</font></i></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">all liabilities and obligations of the Customer (alone or with others)\nnow or in the future under or in respect of any of the following or any\namendment or replacement for them.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Business Finance Agreement dated 31/01/2008;\nor any other arrangement or obligation you agree is covered by this Guarantee</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='',FILE='C:\\JMS\\vramanathan\\08-2683-1\\task2797202\\2683-1-ki-03.htm',USER='105241',CD='Mar 21 06:04 2008' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div style=\"font-family:Times New Roman;\">\n\n<p style=\"background:white;margin:0in 0in .0001pt 2.9pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 2.9pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">on the terms set out in the Memorandum of Common Provisions referred to\nbelow.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 2.9pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 2.15pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">There is a limit on the amount to be paid under this\nGuarantee and Indemnity. It is $836,745.00 (or any other amount agreed in\nwriting) plus a further amount of 20% of that figure (to cover Excesses) **\nplus amounts like government duties and charges, fees, costs, expenses and\ninterest.</font></p>\n\n<p style=\"background:white;margin:0in .6in .0001pt 2.5pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<div style=\"background:white;margin:0in .6in .0001pt 2.5pt;text-autospace:none;\"><hr size=\"1\" width=\"25%\" noshade color=\"black\" align=\"left\"></div>\n\n<p style=\"background:white;margin:0in 0in .0001pt 2.15pt;text-autospace:none;\"><i><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-style:italic;\">**</font></i><b><font size=\"2\" style=\"font-size:10.0pt;font-weight:bold;\">“</font></b><b><i><font size=\"2\" style=\"font-size:10.0pt;font-style:italic;font-weight:bold;\">Excesses</font></i></b><b><font size=\"2\" style=\"font-size:10.0pt;font-weight:bold;\">”</font></b><i><font size=\"2\" style=\"font-size:10.0pt;font-style:italic;\">\n</font></i><font size=\"2\" style=\"font-size:10.0pt;\">means any unarranged drawing by the Customer or an authorised\nrepresentative of the Customer where the resultant debt exceeds the formally\nagreed limit described in the Business Finance Agreement.</font></p>\n\n<p style=\"background:white;margin:0in .9in .0001pt 2.15pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 2.5pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Security for this Guarantee & Indemnity includes the\nfollowing:</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 2.5pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 1.8pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">New Fixed and Floating Charge by Channell Pty Ltd ACN 002 735 622 over\nall assets and uncalled capital.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 1.8pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 2.15pt;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">You sign this Guarantee or\nIndemnity for value including the Lender, at your request, giving or continuing\ncredit for the Customer or agreeing to do so even conditionally.</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 2.15pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 1.8pt;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">You confirm that you have read and understood the\nMemorandum of Common Provisions registered in the New South Wales Land Titles\nOffice as number 9488920. It forms part of this Guarantee and Indemnity.</font></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 1.8pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 1.8pt;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">This Guarantee and Indemnity may consist of a number\nof counterparts and if so the counterparts taken together constitute one and\nthe same instrument.</font></b></p>\n\n<p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"8%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:8.2%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">DATED:</font></b></p>\n </td>\n <td width=\"40%\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:40.56%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">31\n / JAN / 2008</font></p>\n </td>\n <td width=\"51%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:51.24%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt .7pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 1.1pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">SIGNED by</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .7pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Channell Pty Ltd ACN 002 735 622</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .7pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">by authority of its directors</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .7pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"48%\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.88%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">/s/\n </font><font size=\"2\" style=\"font-size:10.0pt;\">Amar Kulkarni</font></p>\n </td>\n <td width=\"4%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:4.46%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"46%\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:46.66%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">/s/ Brett Becroft</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"48%\" valign=\"top\" style=\"border:none;padding:0in 0in 0in 0in;width:48.88%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Secretary</font></p>\n </td>\n <td width=\"4%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:4.46%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"46%\" valign=\"top\" style=\"border:none;padding:0in 0in 0in 0in;width:46.66%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Director</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"48%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:48.88%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"4%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:4.46%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"46%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:46.66%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"48%\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.88%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Amar\n Kulkarni</font></p>\n </td>\n <td width=\"4%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:4.46%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"46%\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:46.66%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Brett Becroft</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"48%\" valign=\"top\" style=\"border:none;padding:0in 0in 0in 0in;width:48.88%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Name\n in full (BLOCK LETTERS) </font></p>\n </td>\n <td width=\"4%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:4.46%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"46%\" valign=\"top\" style=\"border:none;padding:0in 0in 0in 0in;width:46.66%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Name\n in full (BLOCK LETTERS)</font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt 1.1pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><i><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-style:italic;\">Each individual signing on behalf of a Guarantor which\nis a corporation should complete the following:</font></i></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">I Amar Kulkarni</font><font size=\"2\" style=\"font-size:10.0pt;\"> </font><font size=\"2\" style=\"font-size:10.0pt;\">am secretary of the Guarantor.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">I\nconfirm that each of the statements in the Schedule of the Memorandum of Common\nProvisions under the heading “for Corporations” is true in relation to the\nGuarantor.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">The Guarantor is able to pay its debts as they fall due.</font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt .35pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"50%\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">/s/\n </font><font size=\"2\" style=\"font-size:10.0pt;\">Amar Kulkarni</font></p>\n </td>\n <td width=\"50%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"50%\" valign=\"top\" style=\"border:none;padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Signed</font></p>\n </td>\n <td width=\"50%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"50%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Channell\n Pty Ltd ACN 002 735 622 [Secretary]</font></p>\n </td>\n <td width=\"50%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:50.0%;\">\n <p style=\"margin:0in 0in .0001pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"background:white;margin:0in 0in .0001pt 1.8pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 1.1pt;text-autospace:none;\"><b><i><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-style:italic;font-weight:bold;\">Statutory Warning</font></i></b></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt 1.1pt;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><i><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-style:italic;\">If the Customer is a minor (that is under 18) you may not be\nable to recover from the Customer amounts you pay under this document.</font></i></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"background:white;margin:0in 0in .0001pt;text-align:center;text-autospace:none;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2</font></p>\n\n<div style=\"background:white;margin:0in 0in .0001pt;text-autospace:none;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='2',FILE='C:\\JMS\\vramanathan\\08-2683-1\\task2797202\\2683-1-ki-03.htm',USER='105241',CD='Mar 21 06:04 2008' -->\n\n\n</body>\n\n</html>\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":71,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1019034/0000897101-99-000729-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1019034/0000897101-99-000729.txt"},"cik":{"kind":"string","value":"1019034"},"name":{"kind":"string","value":"SAC TECHNOLOGIES INC"},"type":{"kind":"string","value":"8-K"},"filing_date":{"kind":"string","value":"1999-07-22"},"report_date":{"kind":"string","value":"1999-07-09"},"seq":{"kind":"string","value":"4"},"desc":{"kind":"string","value":"SECURITIES PURCHASE AGREEMENT"},"doc_type":{"kind":"string","value":"EX-10.21"},"size":{"kind":"string","value":"57972"},"filename":{"kind":"null"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1019034/0000897101-99-000729.txt"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/88ece8b026f4f0fee06bf68240b00aab63c8beb2.txt"},"extension":{"kind":"string","value":"txt_filing"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"1999-07-22\", \"Accepted\": \"1999-07-22 00:00:00\", \"Documents\": \"5\", \"Period of Report\": \"1999-07-09\", \"Items\": \"Item 5: Other events\"}"},"file_content":{"kind":"string","value":"\n<DOCUMENT>\n<TYPE>EX-10.21\n<SEQUENCE>4\n<DESCRIPTION>SECURITIES PURCHASE AGREEMENT\n<TEXT>\n\n\n EXHIBIT 10.21\n\n\n SECURITIES PURCHASE AGREEMENT\n\n\n THIS SECURITIES PURCHASE AGREEMENT, dated as of the date of\nacceptance set forth below, is entered into by and between SAC TECHNOLOGIES,\nINC., a Minnesota corporation, with headquarters located at 4444 West 76th\nStreet, Suite 600, Edina, MN 55435 (the \"Company\"), and the entity named on a\nsignature page hereto (the \"Buyer\").\n\n W I T N E S S E T H:\n\n WHEREAS, the Company and the Buyer are executing and delivering this\nAgreement in accordance with and in reliance upon the exemption from securities\nregistration afforded, inter alia, by Rule 506 under Regulation D (\"Regulation\nD\") as promulgated by the United States Securities and Exchange Commission (the\n\"SEC\") under the Securities Act of 1933, as amended (the \"1933 Act\"), and/or\nSection 4(2) of the 1933 Act; and\n\n WHEREAS, the Buyer wishes to purchase, upon the terms and subject to\nthe conditions of this Agreement, shares of Series A 9% Convertible Preferred\nStock, par value $0.01 per share, of the Company (the \"Convertible Preferred\nStock\") which which will be convertible into shares of Common Stock, $0.01 par\nvalue per share, of the Company (the \"Common Stock\"), upon the terms and subject\nto the conditions of such Convertible Preferred Stock, together with the\nWarrants (as defined below) exercisable for the purchase of shares of Common\nStock, and subject to acceptance of this Agreement by the Company;\n\n NOW THEREFORE, in consideration of the premises and the mutual\ncovenants contained herein and other good and valuable consideration, the\nreceipt and sufficiency of which are hereby acknowledged, the parties agree as\nfollows:\n\n 1. AGREEMENT TO PURCHASE; PURCHASE PRICE.\n\n a. PURCHASE.\n\n (i) The undersigned hereby agrees to purchase from the Company\nshares of the Convertible Preferred Stock having a liquidation preference in the\namount set forth on the Buyer's signature page of this Agreement (the \"Preferred\nStock\"), out of a total offering of Convertible Preferred Stock having a\nliquidation preference of $1,312,500, and having the terms and conditions set\nforth in the Certificate of Designations of the Series A 9% Convertible\nPreferred Stock of the Company attached hereto as ANNEX I (the \"Certificate of\nDesignations\"), and Warrants to purchase 131,250 shares of Common Stock in the\nform attached hereto as Annex VI.\n\n\n 1\n<PAGE>\n\n\n (ii) The purchase price to be paid by the Purchaser for the\nPreferred Stock and Warrants (the \"Purchase Price\") shall be equal to the amount\nset forth on the Buyer's signature page of this Agreement specified, and shall\nbe payable in United States Dollars.\n\n b. CERTAIN DEFINITIONS. As used herein, each of the following terms\nhas the meaning set forth below, unless the context otherwise requires:\n\n (i) \"Securities\" means the Preferred Stock, the Warrants and the\nCommon Stock issuable (x) upon the conversion of the Preferred Stock or in lieu\nof dividends payable thereon or (y) upon the exercise of the Warrants.\n\n (ii) \"Closing Date\" means the date of the closing of the purchase\nand sale of the Preferred Stock, as provided herein.\n\n (iii) \"Effective Date\" means the effective date of the Registration\nStatement covering the Registrable Securities (as those terms are defined in the\nRegistration Rights Agreement defined below).\n\n (iv) \"Market Price of the Common Stock\" means the average closing\nprice of the Common Stock for the five (5) trading days ending on the trading\nday immediately before the relevant date indicated in the relevant provision\nhereof (unless a different relevant period is specified in the relevant\nprovision), as reported by Bloomberg, LP or, if not so reported, as reported on\nthe over-the-counter market.\n\n (v) \"Initial Market Price\" means the Market Price of the Common\nStock as of the Closing Date.\n\n (vi) \"Current Market Price\" means the Market Price of the Common\nStock as of the relevant Conversion Date (as defined below).\n\n (vii) \"Converted Shares\" means the shares of Common Stock issuable\nupon conversion of the Preferred Stock or in lieu of dividends payable thereon.\n\n (viii) \"Warrant Shares\" means the shares of Common Stock issuable\nupon exercise of the Warrants.\n\n (ix) \"Shares\" means the shares of Common Stock representing any or\nall of the Converted Shares and the Warrant Shares.\n\n c. FORM OF PAYMENT; DELIVERY OF CERTIFICATES.\n\n (i) The Buyer shall pay the Purchase Price by delivering (a)\n$775,000 in immediately available good funds in United States Dollars (the \"Cash\nPurchase Price\") and (b) that certain promissory note, dated June 11, 1999 (the\n\"June Note\"), issued by the Company to\n\n\n 2\n<PAGE>\n\n\nthe Buyer in the principal amount of $100,000 to the escrow agent (the \"Escrow\nAgent\") identified in the Joint Escrow Instructions attached hereto as ANNEX II\n(the \"Joint Escrow Instructions\") on the date prior to the Closing Date.\n\n (ii) No later than the Closing Date, but in any event promptly\nfollowing payment by the Buyer to the Escrow Agent of the Purchase Price, the\nCompany shall deliver one or more certificates representing the Preferred Stock\nand the Warrants to be issued hereunder, each duly executed on behalf of the\nCompany and issued in the name of the Buyer (collectively, the \"Certificates\")\nto the Escrow Agent.\n\n (iii) By signing this Agreement, each of the Buyer and the Company,\nsubject to acceptance by the Escrow Agent, agrees to all of the terms and\nconditions of, and becomes a party to, the Joint Escrow Instructions, all of the\nprovisions of which are incorporated herein by this reference as if set forth in\nfull.\n\n d. METHOD OF PAYMENT. Payment into escrow of the Cash Purchase Price\nshall be made by wire transfer of funds to:\n\n Bank of New York\n 350 Fifth Avenue\n New York, New York 10001\n\n ABA# 021000018\n For credit to the account of Krieger & Prager, Esqs.\n Account No.: [To be provided by Krieger & Prager]\n Re: SAC Technologies Transaction\n\nNot later than 5:00 p.m., New York time, on the date which is one (1) New York\nStock Exchange trading days after the Company shall have accepted this Agreement\nand returned a signed counterpart of this Agreement to the Escrow Agent by\nfacsimile, the Buyer shall deposit with the Escrow Agent the Purchase Price in\ncurrently available funds. Time is of the essence with respect to such payment,\nand failure by the Buyer to make such payment, shall allow the Company to cancel\nthis Agreement.\n\n e. ESCROW PROPERTY. The Purchase Price and the Certificates\ndelivered to the Escrow Agent as contemplated by Sections 1(c) and (d) hereof\nare referred to as the \"Escrow Property.\"\n\n 2. BUYER REPRESENTATIONS, WARRANTIES, ETC.; ACCESS TO INFORMATION;\nINDEPENDENT INVESTIGATION.\n\n The Buyer represents and warrants to, and covenants and agrees with,\nthe Company as follows:\n\n\n 3\n<PAGE>\n\n\n a. Without limiting Buyer's right to sell the Common Stock pursuant\nto the Registration Statement, the Buyer is purchasing the Preferred Stock and\nthe Warrants and will be acquiring the Shares for its own account for investment\nonly and not with a view towards the public sale or distribution thereof and not\nwith a view to or for sale in connection with any distribution thereof.\n\n b. The Buyer is (i) an \"accredited investor\" as that term is defined\nin Rule 501 of the General Rules and Regulations under the 1933 Act by reason of\nRule 501(a)(3), (ii) experienced in making investments of the kind described in\nthis Agreement and the related documents, (iii) able, by reason of the business\nand financial experience of its officers and professional advisors (who are not\naffiliated with or compensated in any way by the Company or any of its\naffiliates or selling agents), to protect its own interests in connection with\nthe transactions described in this Agreement, and the related documents, and\n(iv) able to afford the entire loss of its investment in the Securities.\n\n c. All subsequent offers and sales of the Preferred Stock and the\nShares by the Buyer shall be made pursuant to registration of the Shares under\nthe 1933 Act or pursuant to an exemption from registration.\n\n d. The Buyer understands that the Securities are being issued in a\nprivate placement and are being offered and sold to it in reliance on specific\nexemptions from the registration requirements of United States federal and state\nsecurities laws and that the Company is relying upon the truth and accuracy of,\nand the Buyer's compliance with, the representations, warranties, agreements,\nacknowledgments and understandings of the Buyer set forth herein in order to\ndetermine the availability of such exemptions and the eligibility of the Buyer\nto acquire the Securities.\n\n e. The Buyer and its advisors, if any, have been furnished with all\nmaterials relating to the business, finances and operations of the Company and\nmaterials relating to the offer and sale of the Securities and the offer of the\nShares which have been requested by the Buyer, including ANNEX V hereto. The\nBuyer and its advisors, if any, have been afforded the opportunity to ask\nquestions of the Company and have received complete and satisfactory answers to\nany such inquiries. Without limiting the generality of the foregoing, the Buyer\nhas also had the opportunity to obtain and to review the Company's (1) Annual\nReport on Form 10-KSB/A for the fiscal year ended December 31, 1998, (2)\nQuarterly Report on Form 10-QSB for the fiscal quarter ended March 31, 1999, and\n(3) Current Report on Form 8-K dated May 25, 1999 (the \"Company's SEC\nDocuments\").\n\n f. The Buyer understands that its investment in the Securities\ninvolves a high degree of risk.\n\n\n 4\n<PAGE>\n\n g. The Buyer understands that no United States federal or state\nagency or any other government or governmental agency has passed on or made any\nrecommendation or endorsement of the Securities.\n\n h. This Agreement has been duly and validly authorized, executed and\ndelivered on behalf of the Buyer and is a valid and binding agreement of the\nBuyer enforceable in accordance with its terms, subject as to enforceability to\ngeneral principles of equity and to bankruptcy, insolvency, moratorium and other\nsimilar laws affecting the enforcement of creditors' rights generally.\n\n i. The Buyer acknowledges that, with respect to the offering of the\nSecurities, no general solicitation or general advertising (including\ncommunications published in any newspaper, magazine or other broadcast medium)\nhas been received by the Buyer and no public solicitation or advertisement has\nbeen made to the Buyer.\n\n j. There is no investment banker, broker, finder or other similar\nintermediary which has been retained by, or is authorized by, the Buyer or any\naffiliate of the Buyer to act on behalf of the Buyer, who or which might be\nentitled to any fee or commission from the Company in connection with the\npurchase and sale of the Securities.\n\n 3. COMPANY REPRESENTATIONS, ETC. The Company represents and warrants\nto the Buyer as of the date hereof and as of the Closing Date that, except as\notherwise provided in ANNEX V hereto:\n\n a. CONCERNING THE PREFERRED STOCK AND THE SHARES. The Preferred\nStock has been duly authorized, and when issued and paid for in accordance with\nthe terms of this Agreement, will be duly and validly issued, fully paid and\nnon-assessable and will not subject the holder thereof to personal liability\nsolely by reason of acquiring the Preferred Stock hereunder. There are no\npreemptive rights of any stockholder of the Company, as such, to acquire the\nPreferred Stock, the Warrants or the Shares.\n\n b. REPORTING COMPANY STATUS. The Company is a corporation duly\norganized, validly existing and in good standing under the laws of the State of\nMinnesota and has the requisite corporate power to own its properties and to\ncarry on its business as now being conducted. The Company is duly qualified as a\nforeign corporation to do business and is in good standing in each jurisdiction\nwhere the nature of the business conducted or property owned by it makes such\nqualification necessary, other than those jurisdictions in which the failure to\nso qualify would not have a material adverse effect on the business, operations\nor financial condition or results of operation of the Company. The Company has\nregistered its Common Stock pursuant to Section 12 of the 1934 Act, and the\nCommon Stock is quoted and traded on The NASDAQ/Bulletin Board Market. The\nCompany has received no notice, either oral or written, with respect to the\ncontinued eligibility of the Common Stock for such listing, and the Company has\nmaintained all requirements for the continuation of such quotation.\n\n\n 5\n<PAGE>\n\n\n c. AUTHORIZED SHARES. The authorized capital stock of the Company\nconsists of (i) 20,000,000 shares of Common Stock, $0.01 par value per share, of\nwhich approximately 8,599,751 shares have been issued and are outstanding as of\nthe date hereof and (ii) 5,000,000 shares of Preferred Stock, par value $0.01\nper share, none of which have been issued as of the date hereof. All issued and\noutstanding shares of Common Stock have been duly authorized and validly issued\nand are fully paid and nonassessable. The Company has sufficient authorized and\nunissued shares of Common Stock as may be necessary to effect the issuance of\nthe Shares. The Shares have been duly authorized and, when issued upon\nconversion of, or as dividends on, the Preferred Stock or upon exercise of the\nWarrants, and paid for in accordance with its respective terms, will be duly and\nvalidly issued, fully paid and non-assessable and will not subject the holder\nthereof to personal liability by reason of being such holder.\n\n d. SECURITIES PURCHASE AGREEMENT; REGISTRATION RIGHTS AGREEMENT AND\nSTOCK. This Agreement and the Registration Rights Agreement, the form of which\nis attached hereto as ANNEX IV (the \"Registration Rights Agreement\"), and the\ntransactions contemplated thereby, have been duly and validly authorized by the\nCompany. This Agreement has been duly executed and delivered by the Company and\nthis Agreement is, and the Warrants and the Registration Rights Agreement, when\nexecuted and delivered by the Company, will be, valid and binding agreements of\nthe Company enforceable in accordance with their respective terms, subject as to\nenforceability to general principles of equity and to bankruptcy, insolvency,\nmoratorium, and other similar laws affecting the enforcement of creditors'\nrights generally; and, when issued and paid for in accordance with the terms of\nthis Agreement, the Preferred Stock will be duly and validly authorized and,\nwhen executed and delivered on behalf of the Company in accordance with this\nAgreement, will be a valid and binding obligation of the Company in accordance\nwith its terms, subject to general principles of equity and to bankruptcy,\ninsolvency, moratorium, or other similar laws affecting the enforcement of\ncreditors' rights generally.\n\n e. NON-CONTRAVENTION. The execution and delivery of this Agreement\nand the Registration Rights Agreement by the Company, the issuance of the\nSecurities, and the consummation by the Company of the other transactions\ncontemplated by this Agreement, the Registration Rights Agreement, and the\nPreferred Stock do not and will not conflict with or result in a breach by the\nCompany of any of the terms or provisions of, or constitute a default under (i)\nthe articles of incorporation or by-laws of the Company, each as currently in\neffect, (ii) any indenture, mortgage, deed of trust, or other material agreement\nor instrument to which the Company is a party or by which it or any of its\nproperties or assets are bound, including any listing agreement for the Common\nStock except as herein set forth, or (iii) to its knowledge, any existing\napplicable law, rule, or regulation or any applicable decree, judgment, or order\nof any court, United States federal or state regulatory body, administrative\nagency, or other governmental body having jurisdiction over the Company or any\nof its properties or assets, except such conflict, breach or default which would\nnot have a material adverse effect on the business, operations or financial\ncondition or results of operations of the Company or on the transactions\ncontemplated herein.\n\n\n 6\n<PAGE>\n\n\n f. APPROVALS. No authorization, approval or consent of any court,\ngovernmental body, regulatory agency, self-regulatory organization, or stock\nexchange or market or the stockholders of the Company is required to be obtained\nby the Company for the issuance and sale of the Securities to the Buyer as\ncontemplated by this Agreement, except such authorizations, approvals and\nconsents that have been obtained.\n\n g. SEC FILINGS. None of the Company's SEC Documents contained, at\nthe time they were filed, any untrue statement of a material fact or omitted to\nstate any material fact required to be stated therein or necessary to make the\nstatements made therein in light of the circumstances under which they were\nmade, not misleading. The Company has since May 1, 1998 timely filed all\nrequisite forms, reports and exhibits thereto with the SEC.\n\n h. ABSENCE OF CERTAIN CHANGES. Since December 31, 1998, there has\nbeen no material adverse change and no material adverse development in the\nbusiness, properties, operations, financial condition, or results of operations\nof the Company, except as disclosed in the Company's SEC Documents. Since\nDecember 31, 1998, except as disclosed in the Company's SEC Documents, the\nCompany has not (i) incurred or become subject to any material liabilities\n(absolute or contingent) except liabilities incurred in the ordinary course of\nbusiness consistent with past practices; (ii) discharged or satisfied any\nmaterial lien or encumbrance or paid any material obligation or liability\n(absolute or contingent), other than current liabilities paid in the ordinary\ncourse of business consistent with past practices; (iii) declared or made any\npayment or distribution of cash or other property to stockholders with respect\nto its capital stock, or purchased or redeemed, or made any agreements to\npurchase or redeem, any shares of its capital stock; (iv) sold, assigned or\ntransferred any other tangible assets, or canceled any debts or claims, except\nin the ordinary course of business consistent with past practices; (v) suffered\nany substantial losses or waived any rights of material value, whether or not in\nthe ordinary course of business, or suffered the loss of any material amount of\nexisting business; (vi) made any changes in employee compensation, except in the\nordinary course of business consistent with past practices; or (vii) experienced\nany material problems with labor or management in connection with the terms and\nconditions of their employment.\n\n i. FULL DISCLOSURE. There is no fact known to the Company (other\nthan general economic conditions known to the public generally or as disclosed\nin the Company's SEC Documents) that has not been disclosed in writing to the\nBuyer that (i) would reasonably be expected by the Company to have a material\nadverse effect on the business, operations or financial condition of the Company\nor results of operations of the Company taken as a whole, (ii) would reasonably\nbe expected to materially and adversely affect the ability of the Company to\nperform its obligations pursuant to this Agreement or any of the agreements\ncontemplated hereby (collectively, including this Agreement, the \"Transaction\nAgreements\"), or (iii) would reasonably be expected by the Company to materially\nand adversely affect the value of the rights granted to the Buyer in the\nTransaction Agreements.\n\n j. ABSENCE OF LITIGATION. Except as set forth in the Company's SEC\nDocuments, there is no action, suit, proceeding, inquiry or investigation before\nor by any court,\n\n\n 7\n<PAGE>\n\n\npublic board or body pending or, to the knowledge of the Company, threatened\nagainst the Company, wherein an unfavorable decision, ruling or finding would\nhave a material adverse effect on the properties, business, operations or\nfinancial condition, or results of operation of the Company or the transactions\ncontemplated by any of the Transaction Agreements or which would adversely\naffect the validity or enforceability of, or the authority or ability of the\nCompany to perform its obligations under, any of the Transaction Agreements.\n\n k. ABSENCE OF EVENTS OF DEFAULT. The Company is not in default in\nthe performance or observance of any material obligation, agreement, covenant or\ncondition contained in any material indenture, mortgage, deed of trust or other\nmaterial instrument or agreement to which it is a party or by which it or its\nproperty is bound. Except as set forth in Section 3(e) hereof, no Event of\nDefault (or its equivalent term), as defined in the respective agreement to\nwhich the Company is a party, and no event which, with the giving of notice or\nthe passage of time or both, would become an Event of Default (or its equivalent\nterm) (as so defined in such agreement), has occurred and is continuing, which\nwould have a material adverse effect on the business, operations or the\nfinancial condition or results of operations of the Company and its\nsubsidiaries, taken as a whole.\n\n l. PRIOR ISSUES. Except as disclosed in the SEC Documents, during\nthe twelve (12) months preceding the date hereof, the Company has not issued any\nconvertible securities.\n\n m. NO UNDISCLOSED LIABILITIES OR EVENTS. The Company has no\nliabilities or obligations other than those disclosed in the Company's SEC\nDocuments or those incurred in the ordinary course of the Company's business\nsince December 31, 1998, and which individually or in the aggregate, do not or\nwould not have a material adverse effect on the properties, business,\noperations, financial condition or results of operations of the Company. No\nevent or circumstances has occurred or exists with respect to the Company or its\nproperties, business, operations, financial condition, or results of operations,\nwhich, under applicable law, rule or regulation, requires public disclosure or\nannouncement prior to the date hereof by the Company but which has not been so\npublicly announced or disclosed. There are no proposals currently under\nconsideration or currently anticipated to be under consideration by the Board of\nDirectors or the executive officers of the Company which proposal would (x)\nchange the certificate of incorporation or other charter document or by-laws of\nthe Company, each as currently in effect, with or without shareholder approval,\nwhich change would reduce or otherwise adversely affect the rights and powers of\nthe shareholders of the Common Stock or (y) materially or substantially change\nthe business, assets or capital of the Company.\n\n n. NO INTEGRATED OFFERING. Neither the Company nor any of its\naffiliates nor any person acting on its or their behalf has, directly or\nindirectly, at any time since May 1, 1998, made any offer or sales of any\nsecurity or solicited any offers to buy any security under circumstances that\nwould eliminate the availability of the exemption from registration under Rule\n506 of Regulation D in connection with the offer and sale of the Securities as\ncontemplated hereby.\n\n\n 8\n<PAGE>\n\n\n o. DILUTION. The number of Shares issuable upon conversion of the\nPreferred Stock and the exercise of the Warrants may increase substantially in\ncertain circumstances, including, but not necessarily limited to, the\ncircumstance wherein the trading price of the Common Stock declines prior to the\nconversion of the Preferred Stock. The Company's executive officers and\ndirectors have studied and fully understand the nature of the Securities being\nsold hereby and recognize that they have a potential dilutive effect. The board\nof directors of the Company has concluded, in its good faith business judgment,\nthat such issuance is in the best interests of the Company. The Company\nspecifically acknowledges that its obligation to issue the Shares upon\nconversion of the Preferred Stock and upon exercise of the Warrants is binding\nupon the Company and enforceable regardless of the dilution such issuance may\nhave on the ownership interests of other shareholders of the Company.\n\n 4. CERTAIN COVENANTS AND ACKNOWLEDGMENTS.\n\n a. TRANSFER RESTRICTIONS. The Buyer acknowledges that (1) the\nPreferred Stock and the Warrants have not been and are not being registered\nunder the provisions of the 1933 Act and, except as provided in the Registration\nRights Agreement, the Shares have not been and are not being registered under\nthe 1933 Act, and may not be transferred unless (A) subsequently registered\nthereunder or (B) the Buyer shall have delivered to the Company an opinion of\ncounsel, reasonably satisfactory in form, scope and substance to the Company, to\nthe effect that the Securities to be sold or transferred may be sold or\ntransferred pursuant to an exemption from such registration; (2) any sale of the\nSecurities made in reliance on Rule 144 promulgated under the 1933 Act may be\nmade only in accordance with the terms of said Rule and further, if said Rule is\nnot applicable, any resale of such Securities under circumstances in which the\nseller, or the person through whom the sale is made, may be deemed to be an\nunderwriter, as that term is used in the 1933 Act, may require compliance with\nsome other exemption under the 1933 Act or the rules and regulations of the SEC\nthereunder; and (3) neither the Company nor any other person is under any\nobligation to register the Securities (other than pursuant to the Registration\nRights Agreement) under the 1933 Act or to comply with the terms and conditions\nof any exemption thereunder.\n\n b. RESTRICTIVE LEGEND. The Buyer acknowledges and agrees that the\nPreferred Stock and the Warrants, and, until such time as the Common Stock has\nbeen registered under the 1933 Act as contemplated by the Registration Rights\nAgreement and sold in accordance with an effective Registration Statement,\ncertificates and other instruments representing any of the Securities shall bear\na restrictive legend in substantially the following form (and a stop-transfer\norder may be placed against transfer of any such Securities):\n\n THESE SECURITIES (THE \"SECURITIES\") HAVE NOT BEEN\n REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED\n (THE \"SECURITIES ACT\"), OR THE SECURITIES LAWS OF ANY\n STATE AND MAY NOT BE SOLD OR OFFERED FOR SALE IN THE\n ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE\n SECURITIES OR AN OPINION OF\n\n\n 9\n<PAGE>\n\n\n COUNSEL OR OTHER EVIDENCE ACCEPTABLE TO THE CORPORATION\n THAT SUCH REGISTRATION IS NOT REQUIRED.\n\n c. FILINGS. The Company undertakes and agrees to make all necessary\nfilings in connection with the sale of the Securities to the Buyer under any\nUnited States laws and regulations applicable to the Company, or by any domestic\nsecurities exchange or trading market, and to provide a copy thereof to the\nBuyer promptly after such filing.\n\n d. REPORTING STATUS. So long as the Buyer beneficially owns any of\nthe Securities, the Company shall file all reports required to be filed with the\nSEC pursuant to Section 13 or 15(d) of the 1934 Act, and the Company shall not\nterminate its status as an issuer required to file reports under the 1934 Act\neven if the 1934 Act or the rules and regulations thereunder would permit such\ntermination. The Company will take all reasonable action under its control to\nobtain and to continue the quotation and trading of its Common Stock (including,\nwithout limitation, all Registrable Securities) on The NASDAQ/Bulletin Board\nMarket and will comply in all material respects with the Company's reporting,\nfiling and other obligations under the by-laws or rules of the National\nAssociation of Securities Dealers, Inc. (\"NASD\") or The NASDAQ/Bulletin Board\nMarket.\n\n e. USE OF PROCEEDS. The Company will use the proceeds from the sale\nof the Preferred Stock (excluding amounts paid by the Company for legal fees,\nand escrow fees in connection with the sale of the Preferred Stock) for internal\nworking capital purposes, and, unless specifically consented to in advance in\neach instance by the Buyer, the Company shall not, directly or indirectly, use\nsuch proceeds for any loan to or investment in any other corporation,\npartnership enterprise or other person or for the repayment of any outstanding\nloan by the Company to any other party.\n\n f. AVAILABLE SHARES. The Company shall have at all times authorized\nand reserved for issuance, free from preemptive rights, shares of Common Stock\nsufficient to yield two hundred percent (200%) of the number of shares of Common\nStock issuable (i) at conversion as may be required to satisfy the conversion\nrights of the Buyer pursuant to the terms and conditions of the Certificate of\nDesignations or to represent payment of dividends on the Preferred Stock and\n(ii) upon exercise as may be required to satisfy the exercise rights of the\nBuyer pursuant to the terms and conditions of the Warrants.\n\n g. WARRANTS. The Company agrees to issue to the Buyer on the Closing\nDate transferable, divisible warrants (the \"Warrants\") for the purchase of ten\nthousand (10,000) shares of Common Stock for each $100,000 of liquidation\npreference of the Preferred Stock. The Warrants shall bear an exercise price\nequal to one hundred ten percent (110%) of the Initial Market Price. The\nWarrants will expire on the last day of the calendar month in which the fifth\nanniversary of the Closing Date occurs. The Warrants shall be in the form\nannexed hereto as ANNEX VI, together with (x) registration rights as provided in\nthe Registration Rights Agreement and (y) piggy-back registration rights after\nthe effectiveness of the Registration Statement expires, as contemplated by the\nWarrants.\n\n\n 10\n<PAGE>\n\n\n h. LIMITATION ON ISSUANCE OF SHARES. If at any time (the \"Limited\nAvailability Date\") the number of outstanding but unissued shares of Common\nStock of the Company is less than seventy-five percent (75%) of the number of\nshares contemplated by Section 4(f) hereof, the Company shall take all steps,\nincluding but not necessarily limited to, obtaining board authorization, holding\nan annual or special shareholders' meeting, issuing a proxy statement, having a\nvote of shareholders and filing an amendment to the Company's charter documents,\nnecessary to increase the authorized shares of Common Stock of the Company so\nthat the provisions of said Section 4(f) shall be satisfied, except that the\npercentage shall be 250%.\n\n j. RIGHT OF FIRST REFUSAL. (i) The Company covenants and agrees that\nif during the period from the date hereof through and including the date which\nis two hundred seventy (270) days after the Effective Date, the Company offers\nto enter into any transaction (a \"New Transaction\") for the sale of New Common\nStock, the Company shall notify the Buyer in writing of all of the terms of such\noffer (a \"New Transaction Offer\"). The Buyer shall have the right (the \"Right of\nFirst Refusal\"), exercisable by written notice given to the Company by the close\nof business on the fifth business day after the Buyer's receipt of the New\nTransaction Offer (the \"Right of First Refusal Expiration Date\"), to participate\nin all or any part of the New Transaction Offer on the terms so specified. If\nand to the extent the Buyer elects to participate in the New Transaction, the\nBuyer shall be obligated to do on the same terms as provided in the New\nTransaction on the date which is the earlier of the date specified in the New\nTransaction or ten (10) business days after the Right of First Refusal\nExpiration Date.\n\n (ii) If, and only if, the Buyer does not exercise the Right of First\nRefusal in full, the Company may consummate the remaining portion of the New\nTransaction with any New Investor on the terms specified in the New Transaction\nOffer within thirty (30) days of the Right of First Refusal Expiration Date.\n\n (iii) If the terms of the New Transaction to be consummated with\nsuch other party differ from the terms specified in the New Transaction Offer so\nthat the terms are more economically beneficial in any respect to the New\nInvestor, the Company shall give the Buyer a New Transaction Offer relating to\nthe terms of the New Transaction, as so changed, and the Buyer's Right of First\nRefusal and the preceding terms of this paragraph (j) shall apply with respect\nto such changed terms.\n\n k. SHORT SALES. The Buyer and its affiliates shall not engage in\nshort sales of the Company's Common Stock; provided, however, that the Buyer or\nits affiliates may enter into any short sale of other hedging or similar\narrangement it deems appropriate with respect to that number of shares of Common\nStock equal to the number of the Converted Shares covered by a particular Notice\nof Conversion, commencing on the day the Buyer delivers such Notice of\nConversion (as contemplated by Section 5 hereof), and terminating on the\nDelivery Date with respect to such Converted Shares or later date that such\nConverted Shares are delivered to Buyer.\n\n 5. TRANSFER AGENT INSTRUCTIONS.\n\n\n 11\n<PAGE>\n\n\n a. Promptly following the delivery by the Buyer of the Purchase\nPrice in accordance with Section 1(c) hereof, the Company will irrevocably\ninstruct its transfer agent to issue Common Stock from time to time upon\nconversion of the Preferred Stock in such amounts as specified from time to time\nby the Company to the transfer agent, bearing the restrictive legend specified\nin Section 4(b) of this Agreement prior to registration of, and sale of the\nShares under the 1933 Act, registered in the name of the Buyer or its nominee\nand in such denominations to be specified by the Buyer in connection with each\nconversion of the Preferred Stock. The Company warrants that no instruction\ninconsistent with the instructions referred to in this Section 5 and the stop\ntransfer instructions to give effect to Section 4(a) hereof prior to\nregistration and sale of the Shares under the 1933 Act will be given by the\nCompany to the transfer agent with respect to the Shares and that the Shares\nshall otherwise be freely transferable on the books and records of the Company\nas and to the extent provided in this Agreement, the Registration Rights\nAgreement, and applicable law. Nothing in this Section shall affect in any way\nthe Buyer's obligations and agreement to comply with all applicable securities\nlaws upon resale of the Securities. If the Buyer provides the Company with an\nopinion of counsel reasonably satisfactory to the Company that registration of a\nresale by the Buyer of any of the Securities in accordance with clause (1)(B) of\nSection 4(a) of this Agreement is not required under the 1933 Act, the Company\nshall (except as provided in clause (2) of Section 4(a) of this Agreement)\npermit the transfer of the Securities and, in the case of the Converted Shares\nor the Warrant Shares, as the case may be, promptly instruct the Company's\ntransfer agent to issue one or more certificates for Common Stock in accordance\nwith such opinion of counsel in such name and in such denominations as specified\nby the Buyer.\n\n b. (i) The Company will permit the Buyer to exercise its right to\nconvert the Preferred Stock by telecopying or delivering an executed and\ncompleted Notice of Conversion, setting forth the Conversion Date (as defined\nbelow) and the number of Converted Shares issuable upon such conversion\ncalculated in accordance with the Certificate of Designations, to the Company\nand delivering, within five (5) business days thereafter, the original Preferred\nStock being converted to the Company by express courier, with a copy to the\ntransfer agent.\n\n (ii) The term \"Conversion Date\" means, with respect to any\nconversion elected by the holder of the Preferred Stock, the date specified in\nthe Notice of Conversion, provided the copy of the Notice of Conversion is\ntelecopied to or otherwise delivered to the Company in accordance with the\nprovisions hereof so that it is received by the Company on or before such\nspecified date.\n\n (iii) The Company will transmit the certificates representing the\nConverted Shares issuable upon conversion of any Preferred Stock (together with,\nunless otherwise instructed by the Buyer, one or more certificates representing\nthe Preferred Stock not being so converted if the certificates submitted in\nconnection with such conversion represented more shares than then being\nconverted) to the Buyer at the address specified in the Notice of Conversion\n(which may be the Buyer's address for notices as contemplated by Section 11\nhereof or a different address) via recognized express or overnight courier, by\nelectronic transfer or otherwise, within three (3) business days (such third\nbusiness day, the \"Delivery Date\") after (A)\n\n\n 12\n<PAGE>\n\n\nthe business day on which the Company has received both of the Notice of\nConversion prepared in accordance with Section 5(b)(i) (by facsimile or other\ndelivery) and the original Preferred Stock being converted (and if the same are\nnot delivered to the Company on the same date, the date of delivery of the\nsecond of such items) or (B) the date a dividend payment on the Preferred Stock\nwhich the Company has elected to pay by the issuance of Common Stock, as\ncontemplated by the Preferred Stock, was due.\n\n c. The Company understands that a delay in the issuance of the\nShares of Common Stock beyond the Delivery Date could result in economic loss to\nthe Buyer. As compensation to the Buyer for such loss, the Company agrees to pay\nlate payments to the Buyer for late issuance of Shares upon conversion in\naccordance with the following schedule (where \"No. Business Days Late\" is\ndefined as the number of business days beyond two (2) business days from the\nDelivery Date):\n\n Late Payment For Each $10,000\n of Liquidation Preference or Dividend\n No. Business Days Late Amount Being Converted\n ---------------------- -------------------------------------\n\n 1 $100\n 2 $200\n 3 $300\n 4 $400\n 5 $500\n 6 $600\n 7 $700\n 8 $800\n 9 $900\n 10 $1,000\n >10 $1,000 + $200 for each Business\n Day Late beyond 10 days\n\nThe Company shall pay any payments incurred under this Section in immediately\navailable funds upon demand. Furthermore, in addition to any equitable remedies\nwhich may be available to the Buyer, in the event that the Company fails for any\nreason to effect delivery of such shares of Common Stock within two (2) business\ndays after the Delivery Date, the Buyer will be entitled to revoke the relevant\nNotice of Conversion by delivering a notice to such effect to the Company\nwhereupon the Company and the Buyer shall each be restored to their respective\npositions immediately prior to delivery of such Notice of Conversion.\n\n d. If, by the relevant Delivery Date, the Company fails for any\nreason to deliver the Shares to be issued upon conversion of Preferred Stock,\nand after such Delivery Date, the holder of the Preferred Stock being converted\n(a \"Converting Holder\") purchases, in an\n\n\n 13\n<PAGE>\n\n\narm's-length open market transaction or otherwise, shares of Common Stock (the\n\"Covering Shares\") in order to make delivery in satisfaction of a sale of Common\nStock by the Converting Holder (the \"Sold Shares\"), which delivery such\nConverting Holder anticipated to make using the Shares to be issued upon such\nconversion (a \"Buy-In\"), the Company shall pay to the Converting Holder, in\naddition to all other amounts contemplated in Section 5(c), and not in lieu\nthereof, the Buy-In Adjustment Amount (as defined below). The \"Buy-In Adjustment\nAmount\" is the amount equal to the excess, if any, of (x) the Converting\nHolder's total purchase price (including brokerage commissions, if any) for the\nCovering Shares over (y) the net proceeds (after brokerage commissions, if any)\nreceived by the Converting Holder from the sale of the Sold Shares. The Company\nshall pay the Buy-In Adjustment Amount to the Converting Holder in immediately\navailable funds immediately upon demand by the Converting Holder. By way of\nillustration and not in limitation of the foregoing, if the Converting Holder\npurchases shares of Common Stock having a total purchase price (including\nbrokerage commissions) of $11,000 to cover a Buy-In with respect to shares of\nCommon Stock it sold for net proceeds of $10,000, the Buy-In Adjustment Amount\nwhich Company will be required to pay to the Converting Holder will be $1,000.\n\n e. In lieu of delivering physical certificates representing the\nCommon Stock issuable upon conversion, provided the Company's transfer agent is\nparticipating in the Depository Trust Company (\"DTC\") Fast Automated Securities\nTransfer program, upon request of the Buyer and its compliance with the\nprovisions contained in this paragraph, so long as the certificates therefor do\nnot bear a legend and the Buyer thereof is not obligated to return such\ncertificate for the placement of a legend thereon, the Company shall use its\nbest efforts to cause its transfer agent to electronically transmit the Common\nStock issuable upon conversion to the Buyer by crediting the account of Buyer's\nPrime Broker with DTC through its Deposit Withdrawal Agent Commission system.\n\n f. If, at any time (i) the Company challenges, disputes or denies\nthe right of a holder of Preferred Stock to effect a conversion of the Preferred\nStock into Common Stock or otherwise dishonors or rejects any Conversion Notice\ndelivered in accordance with the terms of this Agreement or the Certificate of\nDesignations or any exercise of any Warrant in accordance with its terms\n(\"Warrant Exercise\"), or (ii) any third party who is not and has never been an\nAffiliate of such holder commences any lawsuit or proceeding or otherwise\nasserts any claim before any court or public or governmental authority, which\nlawsuit, proceeding or claim seeks to challenge, deny, enjoin, limit, modify,\ndelay or dispute the right of such holder to effect the conversion of the\nPreferred Stock into Common Stock, and the Company refuses to honor any such\nConversion Notice or Warrant Exercise, then such holder shall have the right, by\nwritten notice to the Company, to require the Company to promptly redeem the\nPreferred Stock for cash at a redemption price (the \"Mandatory Purchase Amount\")\nequal to (x) one hundred twenty-two percent (122%) of the liquidation preference\nof the unconverted Preferred Stock held by such holder plus (y) all accrued but\nunpaid dividends on the Preferred Stock through the date of payment of the\nMandatory Purchase Amount. Under any of the circumstances set forth above, the\nCompany shall be responsible for the payment of all costs and expenses of such\nholder, including, but not necessarily limited to, reasonable legal fees and\nexpenses, as and when incurred\n\n\n 14\n<PAGE>\n\n\nin connection with such holder's disputing any such action or pursuing such\nholder's rights hereunder (in addition to any other rights such holder may have\nhereunder or otherwise). The Mandatory Purchase Amount will be payable to such\nholder in cash within five (5) business days from the date such holder gives the\nCompany written notice that it is exercising its rights under this paragraph.\n\n g. The holder of any Preferred Stock shall be entitled to exercise\nits conversion privilege with respect to the Preferred Stock notwithstanding the\ncommencement of any case under 11 U.S.C. ss.101 et seq. (the \"Bankruptcy Code\").\nIn the event the Company is a debtor under the Bankruptcy Code, the Company\nhereby waives, to the fullest extent permitted, any rights to relief it may have\nunder 11 U.S.C. ss.362 in respect of such holder's conversion privilege. The\nCompany hereby waives, to the fullest extent permitted, any rights to relief it\nmay have under 11 U.S.C. ss.362 in respect of the conversion of the Preferred\nStock. The Company agrees, without cost or expense to such holder, to take or to\nconsent to any and all action necessary to effectuate relief under 11 U.S.C.\nss.362.\n\n h. The Company will authorize its transfer agent to give information\nrelating to the Company directly to the Buyer or the Buyer's representatives\nupon the request of the Buyer or any such representative. The Company will\nprovide the Buyer with a copy of the authorization so given to the transfer\nagent.\n\n 6. CLOSING DATE.\n\n a. The Closing Date shall occur on the date which is the first NYSE\ntrading day after each of the conditions contemplated by Sections 7 and 8 hereof\nshall have either been satisfied or been waived by the party in whose favor such\nconditions run.\n\n b. The closing of the purchase and issuance of Preferred Stock shall\noccur on the Closing Date at the offices of the Escrow Agent and shall take\nplace no later than 3:00 P.M., New York time, on such day or such other time as\nis mutually agreed upon by the Company and the Buyer.\n\n c. Notwithstanding anything to the contrary contained herein, the\nEscrow Agent will be authorized to release the Escrow Funds to the Company and\nto others and to release the other Escrow Property on the Closing Date upon\nsatisfaction of the conditions set forth in Sections 7 and 8 hereof and as\nprovided in the Joint Escrow Instructions.\n\n 7. CONDITIONS TO THE COMPANY'S OBLIGATION TO SELL.\n\n The Buyer understands that the Company's obligation to sell the\nPreferred Stock and the Warrants to the Buyer pursuant to this Agreement on the\nClosing Date is conditioned upon:\n\n\n 15\n<PAGE>\n\n\n a. The execution and delivery of this Agreement and the Registration\nRights Agreement by the Buyer;\n\n b. Delivery by the Buyer to the Escrow Agent of good funds as\npayment in full of an amount equal to the Cash Purchase Price and of the June\nNote in accordance with this Agreement;\n\n c. The accuracy on the Closing Date of the representations and\nwarranties of the Buyer contained in this Agreement, each as if made on such\ndate, and the performance by the Buyer on or before such date of all covenants\nand agreements of the Buyer required to be performed on or before such date; and\n\n d. There shall not be in effect any law, rule or regulation\nprohibiting or restricting the transactions contemplated hereby, or requiring\nany consent or approval which shall not have been obtained.\n\n e. The Buyer shall have executed and delivered those certain waiver\nletters attached hereto as ANNEX VII and ANNEX VIII.\n\n 8. CONDITIONS TO THE BUYER'S OBLIGATION TO PURCHASE.\n\n The Company understands that the Buyer's obligation to purchase the\nPreferred Stock on the Closing Date is conditioned upon:\n\n a. The execution and delivery of this Agreement and the Registration\nRights Agreement by the Company;\n\n b. Delivery by the Company to the Escrow Agent of the Certificates\nin accordance with this Agreement;\n\n c. The accuracy in all material respects on the Closing Date of the\nrepresentations and warranties of the Company contained in this Agreement. each\nas if made on such date, and the performance by the Company on or before such\ndate of all covenants and agreements of the Company required to be performed on\nor before such date;\n\n d. On the Closing Date, the Buyer shall have received an opinion of\ncounsel for the Company, dated such date, in form, scope and substance\nreasonably satisfactory to the Buyer, substantially to the effect set forth in\nANNEX III attached hereto;\n\n e. There shall not be in effect any law, rule or regulation\nprohibiting or restricting the transactions contemplated hereby, or requiring\nany consent or approval which shall not have been obtained; and\n\n\n 16\n<PAGE>\n\n\n g. From and after the date hereof to and including the Closing Date,\nthe trading of the Common Stock shall not have been suspended by the SEC or the\nNASD and trading in securities generally on the New York Stock Exchange or The\nNASDAQ/Bulletin Board Market shall not have been suspended or limited, nor shall\nminimum prices been established for securities traded on The NASDAQ/Bulletin\nBoard Market, nor shall there be any outbreak or escalation of hostilities\ninvolving the United States or any material adverse change in any financial\nmarket that in either case in the reasonable judgment of the Buyer makes it\nimpracticable or inadvisable to purchase the Preferred Stock.\n\n 9. GOVERNING LAW: MISCELLANEOUS.\n\n a. This Agreement shall be governed by and interpreted in accordance\nwith the laws of the State of New York for contracts to be wholly performed in\nsuch state and without giving effect to the principles thereof regarding the\nconflict of laws, except to the extent that the Minnesota Business Corporation\nAct would apply to the internal corporate governance of the Company. Each of the\nparties consents to the jurisdiction of the federal courts whose districts\nencompass any part of the City of New York or the state courts of the State of\nNew York sitting in the City of New York in connection with any dispute arising\nunder this Agreement and hereby waives, to the maximum extent permitted by law,\nany objection, including any objection based on FORUM NON CONVENIENS, to the\nbringing of any such proceeding in such jurisdictions. To the extent determined\nby such court, the Company shall reimburse the Buyer for any reasonable legal\nfees and disbursements incurred by the Buyer in enforcement of or protection of\nany of its rights under any of the Transaction Agreements.\n\n b. Failure of any party to exercise any right or remedy under this\nAgreement or otherwise, or delay by a party in exercising such right or remedy,\nshall not operate as a waiver thereof.\n\n c. This Agreement shall inure to the benefit of and be binding upon\nthe successors and assigns of each of the parties hereto.\n\n d. All pronouns and any variations thereof refer to the masculine,\nfeminine or neuter, singular or plural, as the context may require.\n\n e. A facsimile transmission of this signed Agreement shall be legal\nand binding on all parties hereto.\n\n f. This Agreement may be signed in one or more counterparts, each of\nwhich shall be deemed an original.\n\n g. The headings of this Agreement are for convenience of reference\nand shall not form part of, or affect the interpretation of, this Agreement.\n\n\n 17\n<PAGE>\n\n\n h. If any provision of this Agreement shall be invalid or\nunenforceable in any jurisdiction, such invalidity or unenforceability shall not\naffect the validity or enforceability of the remainder of this Agreement or the\nvalidity or enforceability of this Agreement in any other jurisdiction.\n\n i. This Agreement may be amended only by an instrument in writing\nsigned by the party to be charged with enforcement thereof.\n\n j. This Agreement supersedes all prior agreements and understandings\namong the parties hereto with respect to the subject matter hereof.\n\n 10. NOTICES. Any notice required or permitted hereunder shall be\ngiven in writing (unless otherwise specified herein) and shall be deemed\neffectively given on the earliest of\n\n (a) the date delivered, if delivered by personal delivery as against\n written receipt therefor or by confirmed facsimile transmission,\n\n (b) the seventh business day after deposit, postage prepaid, in the\n United States Postal Service by registered or certified mail, or\n\n (c) the third business day after mailing by international express\n courier, with delivery costs and fees prepaid,\n\nin each case, addressed to each of the other parties thereunto entitled at the\nfollowing addresses (or at such other addresses as such party may designate by\nten (10) days' advance written notice similarly given to each of the other\nparties hereto):\n\nCOMPANY: SAC TECHNOLOGIES, INC.\n At its address at the head of this Agreement\n Attn: Barry M. Wendt, CEO\n Telephone No.: (612) 835-7080\n Telecopier No.: (612) 835-6620\n\n and with a copy to:\n\n Buchanan Ingersoll Professional Corporation\n Eleven Penn Center, 14th Floor\n 1835 Market Street\n Philadelphia, PA 19103-2895\n Attn: Vincent A. Vietti, Esq.\n Telephone No.: (215) 665-3860\n Telecopier No.: (215) 665-8760\n\nBUYER: At the address set forth on the signature page of this Agreement.\n\n with a copy to:\n\n\n 18\n<PAGE>\n\n\n Krieger & Prager, Esqs.\n 319 Fifth Avenue\n Attn: Samuel Krieger, Esq.\n New York, New York 10016\n Telephone No.: (212) 689-3322\n Telecopier No.: (212) 213-2077\n\nESCROW AGENT: Krieger & Prager, Esqs.\n 319 Fifth Avenue\n Attn: Samuel Krieger, Esq.\n New York, New York 10016\n Telephone No.: (212) 689-3322\n Telecopier No.: (212) 213-2077\n\n 11. SURVIVAL OF REPRESENTATIONS AND WARRANTIES. The Company's and\nthe Buyer's representations and warranties herein shall survive the execution\nand delivery of this Agreement and the delivery of the Certificates and the\nWarrants and the payment of the Purchase Price, and shall inure to the benefit\nof the Buyer and the Company and their respective successors and assigns.\n\n\n [BALANCE OF PAGE INTENTIONALLY LEFT BLANK.]\n\n\n 19\n<PAGE>\n\n\n IN WITNESS WHEREOF, this Agreement has been duly executed by the\nBuyer by one of its officers thereunto duly authorized as of the date set forth\nbelow.\n\nLIQUIDATION PREFERENCE OF PREFERRED STOCK $ 1,312,500.00\n ---------------------\n\nAMOUNT AND PURCHASE PRICE OF PREFERRED STOCK\n AND WARRANTS: $ 875,000.00\n ---------------------\n\n\n SIGNATURES FOR ENTITIES\n\n IN WITNESS WHEREOF, the undersigned represents that the foregoing\nstatements are true and correct and that it has caused this Securities Purchase\nAgreement to be duly executed on its behalf this 9th day of July, 1999.\n\n\n THE SHAAR FUND LTD.\n- -------------------------------- ----------------------------------------\n\nAddress Printed Name of Subscriber\n\n- --------------------------------\n By:\n ------------------------------------\n\n\nTelecopier No. (Signature of Authorized Person)\n -----------------\n ----------------------------------------\n Printed Name and Title\n- --------------------------------\nJurisdiction of Incorporation\nor Organization\n\nAs of the date set forth below, the undersigned hereby accepts this Agreement\nand represents that the foregoing statements are true and correct and that it\nhas caused this Securities Purchase Agreement to be duly executed on its behalf.\n\nSAC TECHNOLOGIES, INC.\n\nBy:\n ----------------------------------\n\nTitle:\n ----------------------------------\nDate: July 9, 1999\n ----------------------------------\n\n\n 20\n\n</TEXT>\n</DOCUMENT>"}}},{"rowIdx":72,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1025315/0000950127-01-000174-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1025315/0000950127-01-000174.txt"},"cik":{"kind":"string","value":"1025315"},"name":{"kind":"string","value":"SCOOP INC/DE"},"type":{"kind":"string","value":"10-K"},"filing_date":{"kind":"string","value":"2001-02-21"},"report_date":{"kind":"string","value":"1999-12-31"},"seq":{"kind":"string","value":"10"},"desc":{"kind":"string","value":"INVOICE DISCOUNTING AGREEMENT"},"doc_type":{"kind":"string","value":"EX-10.5"},"size":{"kind":"string","value":"48464"},"filename":{"kind":"string","value":"0010.txt"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1025315/000095012701000174/0000950127-01-000174-0010.txt"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/426e9d733e3dae81c88f8cd43e9d1d604f50bc9d.txt"},"extension":{"kind":"string","value":"txt"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2001-02-21\", \"Accepted\": \"2001-02-21 00:00:00\", \"Documents\": \"12\", \"Period of Report\": \"1999-12-31\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.5\n<SEQUENCE>10\n<FILENAME>0010.txt\n<DESCRIPTION>INVOICE DISCOUNTING AGREEMENT\n<TEXT>\n\n\n\n INVOICE DISCOUNTING AGREEMENT\n\n\n\nAN AGREEMENT made the 10th day of October 1996\n\nBETWEEN\n\n1. The person whose name and address is set out in the schedule hereto and who\n is there described as the Vendor (\"the Vendor\") and\n\n2. LOMBARD NATWEST DISCOUNTING LIMITED of Smith House Elmwood Avenue Feltham\n Middlesex (\"LND\")\n\nWHEREBY it is agreed as follows:\n\n1. The Agreement shall commence on the date specified in the schedule and\n shall continue until terminated by either party by not less than three\n months' written prior notice.\n\n2. (a) The Vendor shall sell with full title guarantee and LND shall purchase\n free from all charges liens and other encumbrances and upon the\n terms hereof all Receivables; subject to such exceptions as may from\n time to time be specified by LND.\n\n (b) The purchase of any Receivable shall be complete and the rights to\n such Receivable shall vest in LND upon that Receivable coming into\n existence.\n\n (c) \"Receivables\" means all the book debts, invoice debts, accounts notes,\n bills, acceptances and/or other forms of obligation owned by or owing\n to the Vendor which are in existence at the date of commencement of\n this Agreement or which come into existence during the currency of\n this Agreement in respect of contracts entered into by the Vendor for\n the sale of goods or the provision of services in the ordinary course\n of business to customers in countries as set out in the schedule, and\n which are payable in the United Kingdom in any of the currencies\n specified in the schedule (\"the Approved Currencies\"), and shall also\n include all the Vendor's rights under the contract concerned and in\n the goods the subject matter of that contract. [However, the\n expression does not include a sum payable in full in the United\n Kingdom prior to the despatch of the goods or payable against\n documents under an irrevocable letter of credit confirmed by a bank In\n the United Kingdom before despatch of the goods. For these purposes,\n \"despatch\" is deemed to be made when the Vendor parts with possession\n of goods in any way for the purpose of transmitting them to a\n customer.)\n\n (d) The purchase price, which shall be payable as herein provided by LND\n to the Vendor, for any Receivable purchased in accordance with Clause\n 2(a) shall be the full amount payable by the Vendor's customer for the\n goods or services to which the Receivable relates (together with any\n VAT, tax or other impost payable in respect thereof) as notified by\n the Vendor to LND less:\n\n (i) any discount commission or other allowances due or allowable to\n the customer and shown on the relevant invoice; and\n\n (ii) the Discounting Charge\n\n and shall be payable, (subject as set out below) in the currency in\n which the Receivable is expressed.\n\n (e) All sales of Receivables made hereunder shall be absolute sales.\n\n (f) \"United Kingdom\" means the United Kingdom of Great Britain and\n Northern Ireland, the Isis of Man arid the Channel Islands.\n\n3. Subject to the provisions of the Agreement and compliance by the Vendor\n with Clause 9(b)(vi) LND shall remit (and at any time at the sole\n discretion of LND it may remit) to the Vendor any part of the balance\n standing at the credit of any of the Receivables Purchased Accounts up to\n the full amount thereof less any amount which LND in its sole discretion\n requires as a retention. Any balance which may stand at the debit of the\n Vendor on a Receivables Purchased Account shall be payable by the Vendor to\n LND on demand. LND will notify the Vendor from time to time of the basis on\n which it proposes to exercise its discretion under the terns of this\n clause.\n\n4. (a) Receivables Purchased Accounts will be maintained by LND in respect of\n each of the Approved Currencies to which will be credited:\n\n (i) the full purchase price (as defined in Clause 2(d) but ignoring\n the Discounting Charge) of all Receivables payable in the\n relevant currency advised to LND;\n\n (ii) any costs or expenses recovered by LND under Clause 13 (expressed\n in the relevant Approved Currency If actually recovered in a\n different currency);\n\n (iii) any amount paid by the Vendor to LND under this Agreement (but\n shall not include any monies remitted to LND under Clause\n 9(b)(viii)) expressed in the relevant Approved Currency if\n actually recovered in a different currency;\n\n and to which will be debited (so far as the same relate to Receivables\n denominated in the Approved Currency concerned):\n\n (iv) all payments made to the Vendor by LND under the terms of this\n Agreement;\n\n (v) the full value of all credit notes issued by the Vendor;\n\n (vi) the amount of any Receivables which LND gives notice to the\n Vendor to repurchase under Clause 15;\n\n (vii) the amount of any sum payable by the Vendor under Clauses 6,\n 11(b)(i), 11(b)(ii) and 13;\n\n (viii) the amount of any payment cost damage or liability made or\n sustained by LND arising directly or indirectly in consequence of\n any breach of warranty or undertaking by the Vendor or of steps\n reasonably taken by LND to mitigate such payment cost or damage\n or liability;\n\n (ix) a Discounting Charge which will be calculated at the rate\n specified in the schedule each day on the net daily balance\n standing at the debit of the Memorandum Discounting Statement\n referable to the relevant Approved Currency and will be recovered\n by deduction from the next payment by LND to the Vendor in\n respect of sums payable in the relevant Approved Currency;\n\n (x) a Commission Charge in accordance with Clause 5 which will be\n debited on the last working day of each month and recovered by\n deduction as set out in paragraph (ix) above.\n\n (b) Memorandum Discounting Statements in respect of each of the Approved\n Currencies will be maintained by LND for the purpose of calculating.\n Discounting Charges to which shall be credited:\n\n (i) all payments received in respect of customer payments in the\n relevant currency as described in Clause 9(b)(viii);\n\n (ii) any payments received in the relevant currency direct by LND in\n respect of the Receivables purchased under this Agreement;\n\n (iii) any amount paid by the Vendor to LND in the relevant currency;\n\n (iv) any amount that falls to be credited to the relevant Receivables\n Purchased Account at Clause 4(a)(ii) above;\n\n (v) any amount paid in the relevant currency by any other person to\n LND under Clause 11(b);\n\n and to which will be debited (so far as the same relate to Receivables\n denominated in the Approved Currency concerned);\n\n (vi) sill payments made to the Vendor by LND under the terms of this\n Agreement;\n\n (vii) the amount of any sum payable by the Vendor to LND under Clauses\n 11(b)(i), 11 (b)(ii) and 13;\n\n (viii) the amount of any sum payable under Clause 4(a)(viii) above;\n\n (ix) the amount of any cheque or other instrument credited under\n Clauses 4(b)(i); 4(b)(ii); 4(b)(iii); 4(b)(iv); and 4(b)(v) above\n where such cheque or, instrument is dishonoured;\n\n (x) a Discounting Charge as described at Clause 4(a)(ix) above;\n\n (xi) a Commission Charge as described at Clause 4(a)(x) above.\n\n (c) At the end of each month LND will send to the Vendor copies of each of\n the Receivables Purchased Accounts and each of the Memorandum\n Discounting Statements.\n\n5. LND shall be entitled to charge the Vendor a commission which shall be\n calculated as being the percentage specified in the Schedule hereto of the\n gross amount of Receivables sold to LND in each month. All such commission\n charges shall be subject to applicable Value Added Tax at the prevailing\n rate.\n\n6. Where any Receivable purchased by LND remains unpaid whether wholly or in\n part after payment thereof has become due or where at any time the customer\n disputes liability for payment or asserts any right of lien retention or\n setoff the Vendor shall on demand pay to LND the full amount or the whole\n of the unpaid amount of that Receivable.\n\n7. (a) The Vendor shall at its own expense and if so requested by LND execute\n a separate assignment, in writing to LND of any Receivable sold to LND\n in accordance with this Agreement and of any rights which the Vendor\n may have in relation thereto.\n\n (b) If in relation to any Receivable it is not possible for LND to take a\n separate assignment of the Receivable as sot out in sub-clause (a) of\n this Clause 7, the Vendor will continue to hold such Receivable in\n trust for LND and any payments received in respect thereof will be\n immediately paid to LND.\n\n8. (a) The Vendor shall not grant any fixed or floating charge over any\n existing or future Receivables of the Vendor and shall procure\n the exclusion of such Receivables from any charge in which they would\n otherwise be comprised.\n\n (b) The Vendor shall not assign charge or in any way dispose of the\n benefit of this Agreement without the express consent in writing of\n LND.\n\n (c) During the currency of this Agreement the Vendor or if applicable its\n parent subsidiary or associated company shall not enter into any\n agreement for the charging or discounting of its Receivables without\n the express consent of LND.\n\n9. (a) The Vendor hereby warrants to LND that in relation to each Receivable\n sold hereunder by the Vendor to LND and so that this warranty shall\n be deemed to be repeated on each occasion on which the Vendor makes an\n advice of Receivables to LND:\n\n (i) the goods have been duly delivered or the services duly provided;\n\n (ii) no other person has an interest in or any charge lien or other\n encumbrance on the Receivable to which the advice relates;\n\n (iii) the Receivable is an existing and bona fide obligation of the\n Vendor's customer arising out of the sale of goods or the\n provision of services by the Vendor in the ordinary course of its\n business;\n\n (iv) the Vendor is not then in breach of any of its obligations to the\n customer and the customer will accept the goods sold or the\n services provided and the invoices therefor (or if the customer\n is bankrupt or in liquidation the customer's trustee in\n bankruptcy or liquidator will accept a proof of debt for the\n unpaid balance of the invoiced price) without any dispute or\n claim whatsoever (whether justifiable or not) including disputes\n as to price, terms, quantity, or quality, setoffs or\n counter-claim or claims of release from liability or inability to\n pay because of any act of God or public enemy or war or because\n of the requirements of law (whether in the United Kingdom or\n elsewhere) or of rules, orders or regulations having the force of\n law;\n\n (v) the customer is not a subsidiary, co-subsidiary, parent or\n associated company of the Vendor or under the same director or\n shareholder control as the Vendor;\n\n (vi) the customer has obtained all the authorities necessary under the\n regulations in force in the country to which the goods are\n despatched or services rendered, or from which payment is to be\n made, in order to pay the Receivables in accordance with the\n contract of invoice;\n\n (vii) the contract with the customer specifies the nature and quantity\n of the goods or services and the terms and currency of payment;\n\n (viii) the customer's authority to import the goods or receive the\n services and to pay for them is not subject to conditions as to\n the export of other goods from any country or as to payment for\n such other goods when so exported;\n\n (ix) the goods or services are to be or have been exported to or\n rendered in and payment Is to be made from the customers country\n of residence; and\n\n (x) the contract for the sale of goods or provision of services\n between the Vendor and its customer shall be expressed to be\n governed by and construed in accordance with English law, and\n such choice of law is in all respects valid and binding on the\n customer.\n\n (b) The Vendor hereby undertakes with LND so that this undertaking shall\n continue throughout the term of this Agreement:\n\n (i) promptly to perform all further or continuing obligations of\n whatsoever nature of the Vendor to the customer arising out of\n the sale of goods or the provision of services as a result of\n which any Receivable comes into existence;\n\n (ii) on request by LND to give notice to the Vendor's customers or to\n such of them as LND shall direct that the right to the\n Receivables specified in such notice (which may include\n Receivables which have not yet come into existence) has been\n assigned to LND, such notice to be in such form as LND shall\n require;\n\n (iii) to disclose to LND any change or prospective change in the\n constitution or control of the Vendor and any other fact or\n matter known to the Vendor which is material to be known by a\n purchaser of the Receivables:\n\n (iv) in respect of every Receivable (but only after delivery of the\n relevant goods or the provision of the relevant services) to\n complete and deliver to LND an advice form supplied for such\n purpose by LND signed by an authorised official. The Vendor shall\n also remit any such other documents in support of each Receivable\n as LND may require;\n\n (v) that all entries relating to the sale of any Receivable by the\n Vendor to LND are duly recorded in the books of the Vendor and to\n ensure that all accounts maintained in the books or records of\n the Vendor in the names of its customers bear a conspicuous\n notation that they have been assigned to LND;\n\n (vi) in relation to each of the Approved Currencies to send to LND by\n the day of each month specified in the Schedule and in a manner\n approved by LND and made up to the last day of the preceding\n month:\n\n (a) an aged analysis of the Receivables sold to LND which remain\n outstanding at that date such analysis being aged on the\n basis specified in the Schedule by invoice date and\n identifying those accounts which are either disputed or in\n solicitors' hands;\n\n (b) a copy of the Sales Ledger Account relating to the\n Receivables purchased by LND under this Agreement;\n\n (vii) to allow LND and its authorised agents at regular intervals\n determined by LND and at such other times as LND shall decide to\n visit the premises of the Vendor to inspect check and verify all\n books records accounts orders and correspondence and any other\n papers of the Vendor that LND may require. The Vendor at the\n request of LND will supply LND with statements of its financial\n position and results of its operations certified by the Vendor's\n auditors;\n\n (viii) the Vendor as trustee for LND will hold and keep separate from\n any other monies of the Vendor all remittances received by it in\n payment of any Receivable which has been sold to LND. The Vendor\n will immediately pay all remittances endorsed where required:\n\n (a) direct to the account of LND at the bankers of LND, or\n\n (b) into a trust account in the name of LND.\n\n10. The Vendor hereby irrevocably:\n\n (a) authorizes LND to endorse the name of the Vendor on any and all\n cheques or other forms of remittance received where such endorsement\n is required to effect collection or to perfect LND's title as a holder\n in due course or for any other reason;\n\n (b) appoints LND the attorney of the Vendor to execute in the name and on\n behalf of the Vendor any assignment requested under Clause 7.\n\n11. (a) On purchase by LND of any Receivable then any title, property, right\n or Interest of the Vendor in the goods to which such Receivable\n relates (including all such goods that may be rejected or returned by\n the customers of the Vendor), all the Vendor's rights as unpaid Vendor\n and all other rights of the Vendor under the contract or contracts\n pursuant to which the Receivable comes into existence (whether such\n rights be created by contract, statute or other rule of law) shall be\n deemed to be assigned and transferred to LND absolutely whether or not\n the goods shall have been delivered by the Vendor at the time of the\n said purchase.\n\n (b) Any goods recovered by or on behalf of the Vendor in pursuance of the\n exercise of any rights referred to in subclause (a) of this Clause\n shall be treated as returned goods and all returned goods shall be\n promptly notified to LND and shall be set aside marked with LND's name\n and held for LND's account as owner. LND shall (in addition to and\n without prejudice to any other rights it may have) have the right to\n take possession of and to sell or cause to be sold without notice any\n returned goods at such prices to such purchasers and upon such terms\n and conditions as it may deem advisable and in the event of any such\n sale the Vendor shall pay to LND on demand (and without asserting any\n right of set-off):\n\n (i) the difference between the amount of the Receivable relating to\n such goods and the amount received by LND on any such sales; and\n\n (ii) any costs and expenses (including legal fees) incurred by LND in\n relation to any such repossession and sale.\n\n (c) On purchase by LND of any Receivable then without prejudice to the\n generality of the provisions of sub-clause (a) of this Clause, there\n shall vest in LND the benefit of all guarantees, indemnities,\n insurances and securities given to or held by the Vendor in respect of\n such Receivable or of goods or services to which it relates.\n\n12. LND shall not be liable to the Vendor for the amount of any discount,\n commission or allowance wrongly claimed or deducted by the customer in\n respect of any Receivable unless and until such amount has been received by\n LND.\n\n13. On or after the making of a request by LND under Clause 9(b)(ii) LND shall\n have the sole right of collecting and enforcing payment of Receivables\n (other than those re-assigned after payment of the repurchase price) in\n whatever manner it may in its absolute discretion decide, whether or not\n the Vendor has been debited with the amount of the Receivables and the\n Vendor shall cooperate to procure such collection and enforcement. The\n conduct of any proceedings shall be with LND who may (where necessary in\n the name of the Vendor) Institute, compromise, settle abandon or in any\n manner whatsoever conduct such proceedings upon such terms as LND in its\n sole discretion shall decide and the Vendor shall be bound by all acts of\n LND under this Clause. The Vendor shall be responsible for and shall\n forthwith on demand pay all costs charges and expenses of whatsoever nature\n Incurred by LND under this Clause.\n\n14. LND shall be entitled to debit the relevant Receivables Purchased Accounts\n and Memorandum Discounting Statements with and/or setoff against any monies\n payable to the Vendor any sums payable by the Vendor in the relevant\n currency to LND whether for debt or liquidated or unliquidated damages and\n whether payable presently or contingently.\n\n15. (a) Should the Vendor at any time commit any breach of this Agreement or\n become insolvent or pass a resolution for member's voluntary winding up or\n call any meeting of creditors or should the Vendors income or assets or any\n part thereof be seized under any execution of legal process or under\n distress for rent then LND may determine this Agreement forthwith by\n written notice delivered or posted to the Vendor at the address of the\n Vendor stated in the Schedule or at the Vendor's Registered Office or at\n any other address at which the Vendor carries on business. At any time\n after the termination of the Agreement pursuant to this Clause LND shall be\n entitled by notice to require the Vendor to repurchase at face value so\n much of any receivable purchased by LND as then remains outstanding but so\n that LND shall remain legal and beneficial owner of the Receivable until\n the repurchase price has been paid;\n\n (b) At any time after giving notice as set out above, LND shall be\n entitled (but not obliged) to combine and consolidate the Receivables\n Purchased Accounts and (separately) the Memorandum Discounting\n Statements relating to Receivables denominated in different currencies\n and, in so doing, shall convert the sums concerned into sterling.\n Further, any payment made by the Vendor to LND in respect of the\n repurchase of a Receivable shall be made in sterling converted at the\n date of actual payment (If LND shall not then have exercised its right\n to combine accounts set out above) or at the date on which such\n combination took place.\n\n16. \"Insolvency\" means, in the case of an individual or partnership firm the\n commencement of the bankruptcy of the individual or firm and in the case of\n a company the commencement of winding up of the company by reason of\n inability to pay its debts as they fall due or in either such case the\n appointment of a Receiver of any part of the income or assets of the\n individual firm or company or the making of an arrangement or composition\n with creditors whichever event first occurs.\n\n17. All conversions from one currency to another required in connection\n herewith (whether for the purposes of accounting or payment) shall be made\n at the prevailing spot rate for the purchase of the second currency with\n the first, as at 11 a.m. on the date of conversion, as quoted by National\n Westminster Bank plc.\n\n18. LND's rights under this Agreement shall not be affected by the grant of any\n time or indulgence to the Vendor or to any customer or any failure to\n exercise or delay in exercising any right or option available against the\n Vendor any customer or any other person nor by any step taken by LND.\n\n19. The terms set out in this Agreement represent the whole of the terms agreed\n between LND and the Vendor to the exclusion of any prior or contemporaneous\n statements on the part of LND whether expressed or implied and whether oral\n or in writing.\n\n20. The Vendor will bring the terms of this Agreement to the attention of its\n auditors for the time being, and authorizes LND to disclose to its auditors\n for the time being such information relating to this Agreement and its\n operation as its auditors shall from time to time request.\n\n21. This Agreement and any purchase of a Receivable pursuant to it shall be\n construed In accordance with and governed by English Law.\n\n22. For the purposes of this Clause and Clauses 23 to 31 (inclusive) of this\n Agreement:\n\n (a) the definition of \"Insolvency\" contained in Clause 16 shall be\n extended to include (in case of a company) the making of an\n Administration Order pursuant to the Insolvency Act 1986 and in the\n said definition (in the case of an individual, partnership or company)\n the expressions \"arrangement\" and \"composition\" shall be construed as\n meaning the taking effect of a Voluntary Arrangement pursuant to the\n said Act;\n\n (b) the definition of \"Receivables\" contained in Clause 2(c) hereof shall\n be extended to include (where the context so admits) part of\n Receivables;\n\n (c) the following expressions shall have the meanings respectively\n assigned to them below:\n\n \"Approved Receivable\"\n\n a Receivable which:\n\n (i) is for the time being (when aggregated with all Receivables\n owing by the same customer at such time) within a Credit\n Limit; and\n\n (ii) is not at any time the subject of any breach by the Vendor\n of any warranty, undertaking or other obligation contained\n In this Agreement; and\n\n (iii) does not rank as an Unapproved Receivable by reason of any\n of the provisions of Clause 28; and\n\n (iv) is not a Receivable of the class or description described in\n section 5 of the Schedule hereto;\n\n \"Credit Limit\"\n\n a limit established by LND in its absolute discretion in relation to\n any customer or prospective customer of the Vendor (following\n application for such limit by the Vendor in such manner and on such\n form as LND may from time to time prescribe) for the purpose of\n determining whether any Receivable is an Approved Receivable;\n\n \"Delivery\"\n\n in relation to Goods, the placing in transit to the Customer from a\n place in the United Kingdom and, in relation to services, their\n completion;\n\n \"Discretionary Limit\"\n\n a Discretionary Limit prescribed by LND for the purposes of Clause 24\n hereof;\n\n \"Date of Insolvency\"\n\n (i) in the case of bankruptcy, winding up by the Court or an\n administration order the date of the bankruptcy order,\n winding up order or administration order respectively by the\n Court having jurisdiction;\n\n (ii) in the case of voluntary winding up of a company: the date\n of the resolution for winding up by the members of the\n company;\n\n (iii) in the case of the appointment of a receiver the date of\n his appointment;\n\n (iv) in the case of an arrangement: the date when it takes\n effect;\n\n \"Due Date\"\n\n in relation to a Receivable- the date on which it is due to be paid\n pursuant to the contract of sale or for services giving rise to such\n Receivable;\n\n \"Unapproved Receivable\"\n\n any Receivable which is not an Approved Receivable or which shall have\n ceased to be an Approved Receivable by reason of any breach by the\n Vendor of any warranty, undertaking or other obligation contained\n herein or pursuant to the provisions of Clause 28;\n\n \"VAT Bad Debt Regulations\"\n\n the provisions for the refunding of value added tax contained in\n section 11 of the Finance Act 1990 and the VAT (Refund for Bad Debts)\n Regulations 1991 (ST 19911371);\n\n (d) The description of a Receivable as \"Eligible for a Refund\" shall mean\n that, but for its assignment to LND, the VAT Bad Debt Regulations\n would apply to such Receivable and that it remains an Approved\n Receivable and outstanding and vested Ian LND on or after the expiry\n of the period necessary for an unpaid debt to be the subject of a\n claim under the VAT Bad Debt Regulations; and\n\n (e) The expression \"Goods\" shall where the context so admits include any\n services,\n\n23. (a) No Credit Limit shall be in effect until written notice thereof on\n LND's official form shall have been received by the Vendor.\n\n (b) LND may (in its absolute discretion) by oral or written notice to the\n Vendor at any time reduce or cancel any Credit Limit and any such\n change shall take immediate effect except that no reduction or\n cancellation shall affect any Receivable which:\n\n (i) shall have arisen from the Delivery of Goods before the receipt\n by the Vendor of notice of such cancellation or reduction; and\n\n (ii) was at the time of such receipt within such Credit Limit,\n\n (c) Where two or more Receivables are owing by the same customer they\n shall be treated as falling within any Credit Limit relating to that\n customer in the order of their respective Due Dates.\n\n (d) When Approved and Unapproved Receivables are owing by the same\n customer (except as provided in Clause 23(e)) LND shall have the right\n to appropriate any payment made by the customer and any monies\n received from a guarantor or indemnifier in respect of the customer's\n obligations and any credit or allowance granted by the Vendor to the\n customer in satisfaction of any Approved Receivable in priority to any\n Unapproved Receivable owing by that customer notwithstanding any\n contrary appropriation by the customer.\n\n (e) After the Date of Insolvency of any customer any dividend or other\n benefit received by LND in reduction of any Receivable owed by such\n customer shall be appropriated to the Approved and Unapproved\n Receivables proportionately in accordance with the amounts of Approved\n and Unapproved Receivables owing by the customer at the Date of\n Insolvency.\n\n24. (a) LND may in its absolute discretion by written notice to the Vendor\n authorise the Vendor itself to establish in relation to any customer\n a Credit Limit not exceeding the Discretionary Limit stated in such\n notice. The Vendor shall exercise due care and prudence in the\n establishment of every Credit Limit pursuant to this Clause.\n\n (b) LND may at any time in its absolute Discretion by written or cal\n notice to the Vendor increase reduce or cancel the Discretionary Limit\n and such variation or cancellation shall take effect forthwith and any\n such reduction or cancellation shall have the effect of an equivalent\n reduction or cancellation (in accordance with the provisions of Clause\n 23(b)) in every Credit Limit established pursuant to Clause 24(a) and\n remaining in existence at the time of the receipt of such notice by\n the Vendor.\n\n25. (a) The establishment of any Credit Limit by LND shall not import any\n responsibility or liability on the part of LND save as speci-\n fically provided in this Agreement and LND shall not be obliged to\n provide for the Vendor any information or reason on the basis of which\n any Credit Limit shall have been established, varied or withdrawn.\n\n (b) The Vendor hereby undertakes that it shall not at any time disclose to\n any customer or any third party the amount of or the absence of any\n Credit Limit in relation to such customer and to indemnify LND against\n all losses costs damages claims interest and expense that LND may\n suffer or incur by reason of any breach by the Vendor of the\n provisions of this Clause.\n\n26. (a) The Vendor shall promptly disclose to LND any fact or matter which the\n Vendor knows or should reasonably have known might influence LND in\n its decision whether to establish, reduce or cancel any Credit Limit\n or the Discretionary Limit.\n\n (b) Every advice form remitted to LND by the Vendor pursuant to\n Clause9(b)(iv) shall be deemed to constitute a warranty that every\n Receivable included in such advice form shall have arisen from a\n contract of sale or for services which provides for payment by the\n customer on terms not more liberal than those specified in section 7\n of the Schedule hereto.\n\n (c) The Vendor hereby undertakes to exercise such care and prudence in\n granting credit to and withholding credit from its customers and to do\n such things (including any requisite legal proceedings) in procuring\n or attempting to procure payment of all Receivables as would be\n exercised and done by a reasonably careful and prudent supplier of\n Goods of the nature of those sold by the Vendor. In particular\n (without prejudice to the generality of the foregoing) the Vendor\n shall not (without the prior written consent of LND) effect the\n delivery of further Goods to any customer when any Receivable owing by\n that customer shall remain unpaid after the sixtieth day after the Due\n Date of such Receivable or when the Vendor has knowledge that such\n customer is in financial difficulties.\n\n27. In addition to and without prejudice to LND's rights and the Vendor's\n obligations pursuant to Clauses 9(b)(vi) and 13 hereof the Vendor hereby\n undertakes:\n\n (a) that, if any Receivable shall not be paid within sixty days after its\n Due Date or in the event that the Vendor has knowledge of the\n financial difficulties or threatened Insolvency of any customer, the\n Vendor shall notify LND (in such form and manner as LND may from time\n to time prescribe) within ten days of the end of such sixty days or\n such event as the case may be giving full details of the unpaid\n Receivables and the circumstances giving rise to such notification;\n and\n\n (b) at any time after such notification to do such things and to take,\n continue, discontinue or abandon such proceedings as LND may prescribe\n for the purpose of enforcing payment of and collecting such Approved\n Receivable; and\n\n (c) upon the Date of Insolvency of any customer by which any Approved\n Receivable shall be owing:\n\n (i) immediately to notify LND (in such form and manner as LND may\n from time to time prescribe) of the nature of the Insolvency and\n the particulars of the Receivables (whether Approved or\n Unapproved) which shall be owing by any customer at the Date of\n Insolvency; and\n\n (ii) in the absence of notice to that customer in accordance with any\n request by LND pursuant to Clause 9(b)(Ii) and except where the\n provisions of Clause 30(b) apply promptly to submit proof of debt\n in respect of such Approved Receivable in the insolvent estate of\n such customer and (whether or not such notice shall have been\n given) to give to any person, who has the duty to administer the\n insolvent estate of such customer, irrevocable instructions in\n such form as LND shall require that any dividends or other sums\n of money payable out of such estate in respect of any proof or\n claim by the Vendor or LND in or against the estate of such\n customer shall be paid only to LND; and\n\n (d) upon and after the Date of Insolvency of any customer by which any\n Approved Receivable shall be owing (m addition to and without\n prejudice to the provisions of Clause 27(c)) to take such other action\n as shall be available to the Vendor and to execute such other\n documents as shall be requisite (and, if so required by LND, in either\n case as instructed by LND) for the purpose of procuring any dividends\n from the estate of such customer for the benefit of LND or otherwise\n recovering payment of such Receivable or mitigating any loss which LND\n may suffer by reason of such Insolvency.\n\n28. (a) If at any time the Vendor shall be in breach of any of its obligations\n pursuant to this agreement in relation to any Receivable owing by a\n customer then any Credit Limit established in relation to that customer\n shall be cancelled forthwith without the requirement of notice or other\n formality and all Receivables owing by such customer at such time shall\n rank as Unapproved Receivables notwithstanding that any of them may\n previously have been Approved Receivables. Following the cancellation of\n any Credit Limit in relation to any customer pursuant to this clause the\n Vendor shall not apply to LND for the establishment of any Credit Limit in\n relation to such customer until the breach giving rise to such cancellation\n has been redressed.\n\n (b) Any Receivable arising from the Delivery of Goods made to a customer\n while any other Receivable owing by such customer remains unpaid after\n the fortieth day after the Due Date of such other Receivable shall\n rank as an Unapproved Receivable (notwithstanding any limit\n established in relation to such customer) until such time as there\n remain no Receivables owing by such customer unpaid after the fortieth\n day after the respective Due Dates of such Receivables.\n\n29. (a) LND shall refrain from making any demand pursuant to Clause 6 hereof in\n respect of any Approved Receivable until the sixtieth day after its Due\n Date and shall not make any such demand thereafter so long as such\n Receivable remains Approved and provided that the Vendor shall have\n instructed a solicitor approved by LND to take proceedings for the recovery\n (for the benefit of LND) of all sums due for payment by the customer which\n include such Receivable so that such instructions shall be effective before\n such sixtieth day or such other day as LND shall have agreed in writing.\n\n (b) For the avoidance of doubt LND shall be entitled to exercise its\n rights in full pursuant to Clause 6 hereof in respect of any Approved\n Receivable which subsequently becomes Unapproved.\n\n (c) The amount (as advised to LND pursuant to Clause 9(b)(iv)) of every\n Receivable which shall rank as an Approved Receivable on the thirtieth\n day after the Date of Insolvency of the customer by which such\n Receivable shall be owing shall be credited to the Memorandum\n Discounting Statement on such thirtieth day.\n\n (d) The amount of every Receivable credited pursuant to Clause 29(c)\n hereof in respect of which LND shall have subsequently exercised its\n rights pursuant to Clause 6 hereof shall be debited to the Memorandum\n Discounting Statement so that such debit shall be deemed to have taken\n place on the date of the relevant credit.\n\n30. (a) The Vendor shall be liable on notice from LND to accept the\n reassignment from LND of any Receivable which Is Eligible for a Refund\n and LND undertakes to execute and deliver to the Vendor a written\n assignment of any Receivable (the subject of any such notice) of which\n a previous written assignment shall have been given by the Vendor to\n LND. In consideration of any such reassignment of a Receivable the\n Client shall be liable to pay to LND forthwith a sum equivalent to the\n amount of value added tax (included in such Receivable) that the\n Vendor may be able to claim under the VAT Bad Debt Regulations.\n\n (b) Upon the ownership any Receivable which is Eligible for a Refund\n becoming re-vested in the Vendor then the Vendor shall use its best\n endeavours to recover any sum of money or other benefit available for\n the reduction of the amount of such Receivable including any dividend\n from the estate of the Debtor. The Client shall forthwith upon its\n recovery pay to LND such proportion of any such sum of money and\n transfer to LND such proportion of any such benefit as shall be due to\n LND pursuant to the provisions of Clause 23(e). Pending its payment of\n transfer the Vendor shall hold the said proportion of such sum of\n money or benefit in trust for LND.\n\n (c) Notwithstanding and without prejudice to the Vendor's obligations\n pursuant to Clause 30(b) LND shall be at liberty to complete and lodge\n in the Vendor's name a proof or statement of debt in the Insolvency of\n the customer in relation to any Receivable reassigned to the Vendor\n pursuant to Clause 30(a).\n\n31. Where in any place outside England and Wales the meaning of a word or\n expression used in this Agreement is to be considered and that expression\n has no counterpart in that place then that expression shall (unless the\n context otherwise requires) have the meaning of the closest equivalent\n thereto in the place concerned.\n\n<PAGE>\n\nThe COMMON SEAL of Lapland U.K. )\nLimited was affixed to )\nthis Deed in the presence of: )\n\n Michael J. Neame\n Director/Company Secretary ) /s/ Michael J. Neame\n\n\n Martin Clarke\n Director ) /s/ Martin Clarke\n\n\n\nThe COMMON SEAL of LOMBARD )\nNATWEST DISCOUNTING LIMITED )\nwas affixed to this Deed in the )\npresence of: )\n\n\n Robert J. Smith\n Director ) /s/ Robert J. Smith\n\n A. Darlings\n Authorised Signatory ) /s/ A. Darlings\n\n<PAGE>\n\n THE SCHEDULE\n\n\n\n1. NAME AND REGISTERED OFFICE OF THE VENDOR:\n Lapland U.K. Limited.\n 4 Faraday Court\n Rankine Road\n Basingstoke\n Hampshire. RG24 0PF.\n\n REGISTERED NO. 02520180.\n\n2. COMMENCEMENT DATE:\n\n3. COMMISSION RATE: 0.5%.\n\n4. DISCOUNTING CHARGE RATE- OVER NATIONAL WESTMINSTER BANK\n PLC BASE RATE: 2%.\n\n5. RECEIVABLES WITHIN CREDIT LIMITS WHICH ARE NOT APPROVED:\n\n a) Receivables in respect of Cash sales, sales to associated\n companies, Mtech Partnership, proforma sales, sales subject to\n sale or return or evaluation and credit card sales.\n\n b) The first (pound)500 of receivables taken in order of their\n respective invoice dates owing by any one customer at any one\n tinge; and\n\n c) 20% of the remaining balance.\n\n6. DISCRETIONARY LIMIT: (pound)5,000.\n\n7. VENDOR'S TERMS OF SALE: 30 days.\n\n8. DAY OF MONTH RETURNS ARE DUE BY: By 15th day of month following.\n\n9. BASIS ON WHICH ANALYSIS OF RECEIVABLES IS TO BE AGED: From invoice date,\n separately identifying outstanding amounts by customer, showing customer\n balances as follows: total, up to 30 days old, 31-60 days old, 61-90\n days old, 90 days plus old, plus a summary aging of the totals of each\n of these categories.\n\n10A. SPECIAL CONDITIONS:\n\n(i) Prior to commencement, LND are to receive Personal Guarantees Re: Breach\n of Warranties from Michael J. Neame and Martin Clarke and the corporate\n guarantee of Mobile Planet Limited.\n\n(ii) Prior to commencement, LND are to receive a waiver from National\n Westminster Bank Plc in respect of the book debts of Lapland U.K.\n Limited in a form satisfactory to LND.\n\n(iii) Cash sales, sales to associated companies, sales to Mtech partnership,\n proforma sales, sales subject to sale or return & evaluation and credit\n card sales are to be excluded from the Invoice Discounting Agreement.\n\n(iv) LND are to receive monthly management accounts within four weeks of\n month end, commencing with month ended 31 st August 1996.\n\n(v) LND are to register a fixed charge over the book debts.(pound)250 +VAT\n to be charged upon commencement in this respect.\n\n(vi) LND to have sight of and satisfaction with certified figures of Mtech\n Partnership within four weeks of commencement.\n\n10B. OPERATIONAL REQUIREMENTS:\n\n(i) LND will waive the standard requirement for copy invoices subject to\n the provision of suitable sales day book and credit note listings.\n\n(ii) A monthly bank reconciliation is to be maintained.\n\n(iii) Invoices must not be discounted until the goods have been despatched.\n\n(iv) LND require confirmation that duplicate sales ledger records are backed\n up daily and stored off site at all times.\n\n(v) Sales invoicing to be cross referenced with delivery documentation.\n\n(vi) Aged analysis reports to be produced on an aged by invoice date basis,\n showing invoices and total balance aged correctly. Aged debtors and\n aged creditors to be produced as two distinct listings.\n\n(vii) Excluded sales to be ledgered separately.\n\n11. COUNTRIES: United Kingdom.\n\n12. APPROVED CURRENCIES: Sterling (pound).\n\n\n\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":73,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/903571/0001157523-06-003091-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/903571/0001157523-06-003091.txt"},"cik":{"kind":"string","value":"903571"},"name":{"kind":"string","value":"GOLDEN STAR RESOURCES LTD"},"type":{"kind":"string","value":"10-K"},"filing_date":{"kind":"string","value":"2006-03-29"},"report_date":{"kind":"string","value":"2005-12-31"},"seq":{"kind":"string","value":"5"},"desc":{"kind":"string","value":"EX-10.15"},"doc_type":{"kind":"string","value":"EX-10.15"},"size":{"kind":"string","value":"54971"},"filename":{"kind":"string","value":"a5110399ex1015.txt"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/903571/000115752306003091/a5110399ex1015.txt"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/7b88b2084721957fe6f4c1cdd974054f69be8614.txt"},"extension":{"kind":"string","value":"txt"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2006-03-29\", \"Accepted\": \"2006-03-29 17:17:53\", \"Documents\": \"12\", \"Period of Report\": \"2005-12-31\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.15\n<SEQUENCE>5\n<FILENAME>a5110399ex1015.txt\n<DESCRIPTION>EX-10.15\n<TEXT>\n Exhibit 10.15\n\n\n Dated this 21st day of August 1987\n\n --------------------------------------------------\n\n GOVERNMENT OF THE REPUBLIC OF GHANA\n\n AND\n\n CANADIAN BOGOSU RESOURCES LIMITED\n\n\n --------------------------------------------------\n\n\n Indenture\n\n\n --------------------------------------------------\n\n\n Gold Mining Lease\n\n\n\n WR.2762/278\n\n\n [illegible signature]\n SOLICTOR FOR\n THE SUPREME COURT\n\n\n<PAGE>\n\n THIS INDENTURE AGREEMENT AND LEASE is made the 21st day of August, 1987\nBETWEEN THE GOVERNMENT OF THE REPUBLIC OF GHANA (hereinafter called \"THE\nGOVERNMENT\") Acting by RICHARD KWAME PEPRAH, P.N.D.C. Secretary for Lands and\nNatural Resources (hereinafter called \"THE SECRETARY\") of the one part And\nCANADIAN BOGOSU RESOURCES LIMITED having its registered office in Accra\n(hereinafter called \"THE COMPANY\") of the other part:\n\nW H E R E A S:\n\n1. The COMPANY was granted a Prospecting License dated 12th May, 1986 to\nprospect for gold in the Bogosu area of Western Region covering 149.41 square\nkilometres and the Company has applied to the Government for a Mining Lease to\nwork develop and produce gold within 50 square kilometres out of the total area\ncovered by the Prospecting License.\n\n2. The Government is desirous of developing its mineral resources in such manner\nas will ensure that the maximum possible benefits accrue to the nation from the\nexploitation of minerals and has agreed to grant the Company a Gold Mining Lease\non the terms and conditions hereinafter following.\n\nNOW THIS AGREEMENT WITNESSES as follows:\n\n1. GRANT OF SURFACE AND MINING RIGHTS\n\n (a) \"The Government\" hereby grants to the Company ALL that piece of land\n described in the Schedule hereto and more particularly delineated on\n the Plan hereto attached and shown edged pink (hereinafter called \"The\n Mining Area\" together with mines, beds, seams, veins, channels, and\n stratas of gold and other associated mineral substances lying and\n being within and under the surface for a term of Thirty years from the\n date of this Agreement.\n\n<PAGE>\n\n (b) \"The Government\" hereby grants to the Company the exclusive rights to\n work, develop and produce gold in the Mining Area (including, the\n processing, storing and transportation of ore and materials together\n with the rights and powers reasonably incidental thereto subject to\n the provisions of this Agreement for the said term of Thirty years.\n\n (c) \"The Company\" shall not, however, conduct any operations in a sacred\n area and shall not, without the prior consent of the \"Secretary\"\n conduct any operations:\n\n (i) within 50 yards of any building, installation, reservoir or dam,\n public road, railway or area appropriated for railway; or\n\n (ii) in an area occupied by a market, burial ground/cemetery or\n Government office, or situated within a town or village or set\n apart for, used, appropriated or dedicated to a public purpose\n\n (d) The Company shall conduct its operations in a manner consistent with\n good commercial mining practices so as not to interfere unreasonably\n with vegetation in the Mining Area or with the customary rights and\n privileges of persons to hunt and snare game, gather firewood for\n domestic purposes and to collect snails.\n\n (e) The public shall be permitted at their sole risk to use without charge\n any road constructed by the Company in the Mining Area in a manner\n consistent with good mining practices, safety and security, provided\n that such use does not unreasonably interfere with the operations of\n The Company hereunder and provided also that such permission shall not\n extend to areas enclosed for mining operations.\n\n 3\n<PAGE>\n\n (f) The Company may use the existing trees in the Mining Area to the\n extent that such use is necessary for its operations hereunder,\n subject to the payment of Royalty as hereinafter provided, and shall\n cultivate for its exclusive use such trees, wood or timber species as\n may be required for purposes of firewood, timber or mine support.\n\n (g) Nothing contained in this Agreement shall be deemed to confer any\n rights on the Company other than those set forth herein nor to permit\n the Company to dispense with the necessity of applying for and\n obtaining any permit or authority which the Company may be required by\n law or regulation to obtain in respect of any work or activities\n proposed to be carried out hereunder.\n\n2. RIGHTS OF THIRD PARTIES IN THE MINING AREA:\n\n (a) Subject to satisfactory arrangements between \"the Government\" and the\n Company, \"the Government\" shall grant the first option to the Company\n to work minerals other than gold discovered in the Mining Area.\n\n (b) Failing such satisfactory arrangements between \"the Government\" and\n the Company, \"the Government\" reserves the rights to grant licences to\n third parties for prospecting or to enter into agreements for the\n production of minerals other than gold in the Mining Area, provided\n that any such activity shall not unreasonably interfere with the\n rights granted to the Company hereunder.\n\n3. POWER OF GOVERNMENT TO EXCLUDE PARTS OF THE MINING AREA\n\n (a) \"The Government\" may by reasonable notice in writing to the Company\n exclude from the Mining Area, at any time and from time to time, any\n part which may be required for any stated public purpose whatsoever,\n provided that:\n\n\n 4\n<PAGE>\n\n (i) The parts so excluded shall not have a surface area in the\n aggregate greater than ten percent of the Mining Area.\n\n (ii) Any parts of the Mining Area so excluded shall continue to form\n part of the mining Area subject to this Agreement except that no\n mining operations shall be conducted on the parts so excluded\n\n (iii) No part of the Mining Area shall be so excluded in respect of\n which the Company shall have given prior notice specifying that\n such part is required for mining operations hereunder or on which\n active operations have commenced or are in progress (such as\n digging, construction of installations or other works related to\n gold mining) but, in lieu thereof, a part equal in area to any\n such part shall be excluded for such public purposes, and\n\n (iv) \"The Government\" shall not take to itself nor grant to third\n parties the right to mine gold from any parts so excluded.\n\n (b) \"The Company\" shall be relieved of all liabilities or obligations\n hereunder in respect of any part excluded under this paragraph except\n liabilities or obligations accrued prior to such exclusion.\n\n4. WORKING OBLIGATIONS\n\n \"The Company\" shall continuously operate in the Mining Area in accordance\n with good mining practices until such time as the reserves or deposits may\n be exhausted or the mine can no longer be economically worked or until this\n Agreement expires, whichever shall be the sooner.\n\n\n 5\n<PAGE>\n\n5. CONDUCT OF OPERATIONS:\n\n (a) The Company shall conduct all of its operations hereunder with due\n diligence, efficiency, safety and economy, in accordance with good\n mining practice and in a proper and workmanlike manner, observing\n sound technical and engineering principles using appropriate modern\n and effective equipment, machinery, materials and methods, and to pay\n particular regard to reclamation, conversation and environmental\n protection.\n\n (b) The Company shall mine and extract ore in accordance with Par. 5(a)\n herein utilizing methods which include quarrying, pitting, trenching,\n stoping, shaft sinking, and dredging in the Mining Area.\n\n (c) The Company shall maintain all equipment in good and safe condition,\n normal wear and tear excluded, and shall keep all excavated areas,\n shafts, pits and trenches in good and safe condition and take all\n practical steps:-\n\n (i) To prevent damage to adjoining farms and villages;\n\n (ii) To avoid damage to trees, crops, buildings, structures and other\n property in the Mining Area. To the extent, however, that any\n such damage is unavoidable, the Company shall pay fair and\n reasonable compensation.\n\n (d) The Company shall fence off effectually from the adjoining lands all\n pits, shafts and other works made or used under the powers hereof.\n\n (e) The Company shall as far as is necessary or practicable provide and\n maintain in good repair and condition roads, gates, stiles and fences\n for the convenient occupation of the surface of the Mining Area.\n\n\n 6\n<PAGE>\n\n (f) The Company shall provide and maintain proper and sufficient drains,\n culverts, arches to passageways for carrying off any waters which\n shall arise or be produced or interrupted by any of the works hereby\n\n6. NOTIFICATION OF DISCOVERY OF OTHER MINERALS\n\n (a) The Company shall report forthwith to \"the Secretary\", the Chief\n Inspector of Mines, the Chief Executive of the Minerals Commission,\n and the Director of Geological Survey, the discovery in the Mining\n Area of any other mineral deposits and the Company shall be given the\n first option to prospect further and to work the said minerals,\n subject to satisfactory arrangements between the Government and the\n Company.\n\n (b) Failing any arrangements to the contrary the Company shall not produce\n any minerals from the Mining Area other than gold except they are\n unavoidably linked with the production of gold.\n\n7. SAMPLES:\n\n (a) The Company shall not during the currency of this Agreement dispose of\n or destroy, except in analyses, any cores or samples obtained from the\n Mining Area without the prior consent in writing of the Chief\n Inspector of Mines.\n\n (b) The Company shall provide the Director of Geological Survey with such\n samples from the Mining Area as he may from time to time reasonably\n request.\n\n8. HEALTH, SAFETY AND ENVIRONMENTAL PROTECTION:\n\n (a) The Company shall comply with all such reasonable instructions as may\n from time to time be given by the Chief Inspector of Mines for\n securing the health and safety of persons engaged in or connected with\n the operations hereunder.\n\n\n 7\n<PAGE>\n\n (b) The Company shall adopt all necessary and practical precautionary\n measures to prevent undue pollution of rivers and other potable water\n and to ensure that such pollution does not cause harm or destruction\n to human or animal life or fresh water fish or vegetation.\n\n9. POWER OF CHIEF INPECTOR OF MINES TO EXECUTE CERTAIN WORKS:\n\n If the Company shall at any time fail to comply with any provisions of\n this Agreement or applicable law and such failure is likely, in the\n opinion of the Chief Inspector of Mines, to:\n\n (i) endanger the health or safety of person, or\n\n (ii) cause harm or destruction to potable water; or\n\n (iii) result in damage to mining equipment or other structure and\n installation, the Chief Inspector of Mines, shall after giving\n the Company reasonable notice, execute any works which in his\n opinion are necessary and practicable in the circumstances and\n the costs and expenses of such works shall be borne by the\n Company.\n\n10. LIABILITY FOR DAMAGE OR INJURY AND INDEMNITY:\n\n (a) Nothing in this Agreement shall exempt the Company from liability for\n any damage or injury caused to any person, property or interest as a\n result of the exercise by the Company of any rights or powers granted\n to it under this Agreement.\n\n (b) The Company shall at all times indemnify \"the Government\" and its\n officers and agents against all claims and liabilities in respect of\n any loss suffered by or damage done to third parties arising out of\n\n\n 8\n<PAGE>\n\n the exercise by the Company of any rights or powers granted to it\n under this Agreement provided that the Company shall not so indemnify\n \"the Government\", its officers and agents where the claim or liability\n arises out of the wrongful or negligent acts of \"the Government\", its\n officers and agents.\n\n11. EMPLOYMENT AND TRAINING:\n\n (a) Citizens of Ghana shall be given preference for employment by the\n Company in all phases of its operations hereunder to the maximum\n possible extent, consistent with safety, efficiency and economy.\n\n (b) Except with respect to unskilled personnel, the Company may employ\n non-Ghanaian personnel in the conduct of its operations provided that\n the number of such non-Ghanaian personnel employed shall not exceed\n the quota permitted by the Government.\n\n (c) The Company shall provide appropriate programmes of instruction and\n theoretical and practical training to ensure the advancement,\n development, improved skills and qualification of Ghanaian employees\n in all categories of employment.\n\n12. PREFERENCE FOR GHANAIAN GOODS AND SERVICES:\n\n In the conduct of its operations and in the purchase, construction and\n installation of facilities, The Company shall give preference to:-\n\n (a) materials and products made in Ghana, if such materials and products\n are comparable or better in price, quality and delivery dates than\n materials and products from foreign sources;\n\n (b) service agencies located in Ghana owned by Ghanaian citizens or\n companies organized pursuant to Ghanaian law, including but not\n limited to, insurance agencies, bidding contractors, import brokers,\n\n\n 9\n<PAGE>\n\n dealers and agents if such agencies give or provide equal or better\n price and quality of service than competing foreign firms and can\n render services at such times as the Company may require.\n\n13. AFFILIATED COMPANY TRANSACTIONS:\n\n (a) Any services including services in respect of the purchase and\n acquisition of materials outside Ghana provided by an affiliated\n company, which are normally required by the Company in accordance with\n good mining practice shall be obtained only at a price which is fair\n and reasonable. The Company shall, at the request of the \"Secretary\",\n provide such justification of costs as may be required duly supported\n by an Auditor's certificate if necessary.\n\n (b) Any other transactions between the Company and an affiliated Company\n shall be on the basis of competitive international prices and such\n other terms and conditions as would be fair and reasonable had such\n transactions taken place between unrelated parties.\n\n (c) The Company shall notify the \"Secretary\" of any and all transactions\n between the Company and an affiliated Company and shall supply such\n details relating to such transactions as \"The Secretary\" may by notice\n reasonably require.\n\n14. TECHNICAL RECORDS:\n\n (a) The Company shall maintain at its registered or mine offices complete\n records of pits and trenches (location, depths or overburden and\n gravel and assay value) in the Mining Area in such form as may from\n time to time be approved by the Chief Inspector of Mines, Chief\n Executive of the Minerals Commission and the Director of Geological\n Survey.\n\n\n 10\n<PAGE>\n\n (b) The Company shall maintain at the said offices copies of all reports\n including interpretations dealing with gold prospects in the Mining\n Area in the course of its operations hereunder and copies of all tests\n and analyses, geological and geophysical maps, diagrams or charts\n relevant to its operations hereunder. These reports and records may be\n examined by persons in the service or acting on behalf of \"The\n Government\" and authorized in writing by \"the Secretary\".\n\n (c) The Company shall maintain at the said offices correct and\n intelligible plans and sections of all mines which plans and sections\n shall show the operations and workings which have been carried on as\n well as dykes, veins, faults and other disturbances which have been\n encountered in such workings and operations. All such plans and\n sections shall be made, amended and completed from actual surveys\n conducted for that purpose.\n\n (d) Upon expiration or termination of this Agreement or the surrender of\n any part of the Mining Area, such records and data as are required to\n be maintained pursuant to this paragraph which relate to the Mining\n Area, or such part of the Mining Area as may have been surrendered\n shall be delivered to the Chief Inspector of Mines, Chief Executive of\n the Minerals Commission and the Director of Geological Survey and\n become the property of the Government without charge.\n\n15. PRODUCTION RECORDS:\n\n The Company shall maintain at the said offices complete and accurate\n technical records of its operations and production in the Mining Area\n in such form as may from time to time be approved by the Chief\n Inspector of Mines.\n\n\n 11\n<PAGE>\n\n16. FINANCIAL RECORDS:\n\n (a) The Company shall maintain at its registered and Mine Offices detailed\n and complete accounts and systematic financial records of its\n operations as may be required by law. The books of account shall show\n all revenues received by the Company from all sources including its\n operations hereunder, as well as all its expenditure. The Company\n shall provide for a clear basis for understanding and relating the\n financial records and accounts to its operations.\n\n (b) The Company's books of account shall be kept on the basis of generally\n accepted accounting principles.\n\n (c) The Company shall keep separately records and financial statements in\n terms of Ghana currency and also in terms of U.S. Dollars or other\n international currency and may record such claims and liabilities as\n arise in such foreign currency.\n\n (d) The Company's books of account shall be audited within six months\n after the close of each Financial Year by a qualified Accountant,\n member of the Ghana Institute of Chartered Accountants. Such audit\n shall not in any way imply acceptance of such audit by \"the\n Government\" or preclude \"the Government\" from auditing such books of\n account. The Company shall deliver to \"The Secretary\" without charge\n copies of any part of such records as he may from time to time\n reasonably request.\n\n17. REPORTS:\n\n (a) The Company shall furnish a report each quarter, to \"The Secretary\",\n the Chief Inspector of Mines, the Chief Executive of the Minerals\n Commission and the Director of Geological Survey, in such form as may\n\n\n 12\n<PAGE>\n\n from time to time be approved by the Secretary, of the quantities of\n gold won in that quarter, quantities sold, the revenue received and\n royalties payable for that quarter and such other information as may\n be required. Such reports shall be submitted not later than 30 days\n after the end of each quarter.\n\n (b) The Company shall furnish a report each half-year to \"the Secretary\",\n the Chief Inspector of Mines, the Chief Executive of the Minerals\n Commission and the Director of Geological Survey in such form as may\n from time to time be approved by \"the Secretary\" summarizing the\n results of its operations in the Mining Area during the half-year and\n records to be kept by the Company pursuant to paragraphs 14, 15 and 16\n hereof. Each such report shall include a description of any geological\n or geophysical work carried out by the Company in that half-year and a\n plan upon a scale approved by the Chief Inspector of Mines showing\n mine workings and dredging areas. Such reports shall be submitted not\n later than 40 days after the half-year to which they relate.\n\n (c) The Company shall furnish a report each Financial Year to \"the\n Secretary\", the Chief Inspector of Mines, and the Chief Executive of\n the Minerals Commission in such form as may from time to time be\n approved by \"the Secretary\" summarizing the results of its operations\n in the Mining Area during that Financial Year and the records required\n to be kept by \"the Company\" pursuant to paragraphs 14, 15 and 16\n hereof. Each such report shall include a description of the proposed\n operations for the following year with an estimate of the production\n and revenue to be obtained therefrom. Such reports shall be submitted\n not later than sixty days after the end of each Financial Year.\n\n\n 13\n<PAGE>\n\n (d) The Company shall furnish \"the Secretary\", the Chief Inspector of\n Mines, the Chief Executive of the Minerals Commission and the Director\n of Geological Survey not later than three months after the expiration\n or termination of this Agreement, with a report giving an account of\n the geology of the Mining Area including the stratigraphic and\n structural conditions, together with a geological map on a scale\n prescribed in the Mining Regulations.\n\n (e) The Company shall furnish the Secretary and the Chief Executive of the\n Minerals Commission, with a report of the particulars of any proposed\n alteration to its regulations together with a report of the\n particulars of any proposed transfer of any share of its capital stock\n representing one percent or more of the total number of such shares of\n the capital stock then issued and outstanding. The Company shall also\n furnish \"the Secretary\" and the Chief Executive of the Minerals\n Commission with a report of the particulars of any fresh issues of\n shares of its capital stock or borrowings in excess of an amount\n equivalent to the Stated Capital of the Company. All such reports\n shall be in such form as \"the Secretary\" may require and shall be\n submitted not less than sixty days in advance of the proposed\n alteration, transfer, issue or borrowing, as the case may be.\n\n (f) The Company shall, not later than 180 days after the end of each\n financial year, furnish \"the Secretary\" and the Chief Executive of the\n Minerals Commission with a copy each of its annual financial reports\n including a balance sheet, profit and loss account, and all notes\n pertaining thereto, duly certified by a qualified accountant who is a\n member of the Ghana Institute of Chartered Accountants. Such\n certificate shall not in any way imply acceptance of such reports by\n \"the Government\" or preclude the Government from auditing the\n Company's books of account.\n\n (g) The Company shall furnish \"the Secretary\", the Chief Inspector of\n Mines, the Chief Executive of the Minerals Commission and the Director\n of Geological Survey with such other reports concerning its operations\n hereunder as they may from time to time reasonably require.\n\n\n 14\n<PAGE>\n\n18. INSPECTION:\n\n (a) Any person or persons in the service of or acting on behalf of \"the\n Government\" and authorized in writing by \"the Secretary\" shall be\n entitled at all reasonable times to enter into and upon any part of\n the Mining Area and the Company's registered office, for any of the\n following purposes:\n\n (i) to examine the mine workings, equipment, buildings, installation\n and any other structures used in the Mining operation;\n\n (ii) to inspect the samples which the Company is required to keep in\n accordance with the provisions of this Agreement;\n\n (iii) to inspect and check the accuracy of the weights and measures\n and weighing and measuring devices, which the Company is required\n to keep or make in accordance with the provisions of this\n Agreement;\n\n (iv) to examine and make abstracts of the books and records kept by\n the Company pursuant to this Agreement; (v) to ensure compliance\n by the Company with all applicable laws and regulations and with\n its obligations hereunder;\n\n (vi) to execute any works which the Chief Inspector of Mines may be\n entitled to execute in accordance with the provisions of the\n Mining Laws and Regulations or of this Agreement.\n\n (b) The Company shall make reasonable arrangements to facilitate any such\n inspection, including making available employees of the Company to\n render assistance with respect to any such inspection. All such\n inspections shall be listed by the Company in the reports furnished\n each half year.\n\n\n 15\n<PAGE>\n\n19. CONFIDENTIAL TREATMENT:\n\n \"The Government\" shall treat all information supplied by the Company\n hereunder as confidential (for a period of five years from the date of\n submission of such information or upon termination of this Agreement\n whichever is sooner) and shall not reveal such information to third\n parties except with the written consent of the Company which consent\n shall not be unreasonably withheld. The Government and persons\n authorized by \"the Government\" may nevertheless use such information\n received from the Company for the purpose of preparing and publishing\n general reports on Minerals in Ghana and in connection with any dispute\n between \"the Government\" and the Company.\n\n20. RENTALS:\n\n (a) The Company shall pay rent to \"the Government\" at the rate of\n (cent)19,300.00 per annum ((cent)386.10 per square kilometre).\n\n (b) The said rent shall be paid half yearly in advance on or before the\n first day of January and on or before the first day of July in each\n year.\n\n (c) In the event of a surrender of any part of the Mining Area pursuant to\n paragraph 25 hereof, no rental payments shall be refunded in whole or\n in part in respect of any area so surrendered for which yearly rental\n has been paid in advance nor shall rental payments be refunded in the\n event of termination.\n\n21. ROYALTIES:\n\n (a) The Company shall pay to \"the Government\" royalty prescribed by\n legislation.\n\n\n 16\n<PAGE>\n\n (b) The Company shall pay royalties to \"the Government\" each quarter\n through the Commissioner of Internal Revenue based on the production\n for that quarter, within 30 days from the end of the quarter. Any\n necessary adjustments shall be made annually within 60 days of the end\n of each Financial Year, except that any over-payment of royalties\n shall not be refunded by \"the Government\" but shall be credited\n against royalties due and payable in the next quarter.\n\n (c) In the event of a dispute with respect to the amount of royalties\n payable hereunder the Company shall first make payment of the lower of\n the disputed amounts and shall pay any further royalty which shall be\n found to be payable forthwith upon the amount being agreed upon or\n determined by arbitration in accordance with paragraph 35 hereof. Such\n further royalty shall carry interest at the ruling prime rate in Ghana\n at the time of the award or agreement from the date on which such\n amount was originally payable.\n\n (d) The Company shall also pay royalties on all timber felled by the\n Company in accordance with existing legislation.\n\n22. LATE PAYMENTS:\n\n (a) Anything herein to the contrary notwithstanding, the Company shall pay\n as penalty for any late payment to \"the Government\" of any amounts due\n hereunder, an additional amount calculated at the Bank of Ghana\n re-discount rate for every thirty-day period or part thereof for the\n period of the delay in paying the amounts that is to say the period\n between the actual payment date and the date on which each such\n payment should have been made.\n\n\n 17\n<PAGE>\n\n (b) In the event the Company shall fail to make payment to \"the\n Government\" of any amount due hereunder, \"the Government\" without\n prejudice to any other rights and remedies to which it may be\n entitled, may, after giving 30 days notice in writing, enter into and\n upon the Mining Area and seize and distrain and sell as landlords may\n do for rent in arrears, all or any of the stocks of gold produced\n therefrom, and the plant and equipment, materials and supplies\n belonging to the Company which shall be thereon and out of the monies\n obtained from the sale of such distress may retain and pay all of the\n arrears of any amounts due hereunder and the costs and expenses\n incidental to any such distress and sale and deliver up the surplus\n (if any) to the Company.\n\n23. TAXATION:\n\n The Company shall pay tax in accordance with the laws of Ghana.\n\n24. FOREIGN EXCHANGE:\n\n All foreign exchange transactions shall be in accordance with the laws\n of Ghana.\n\n25. SURRENDER:\n\n (a) The Company may surrender at any time and from time to time, by giving\n not less than three months' notice to \"the Secretary\" all its rights\n hereunder in respect of any part of the Mining Area not larger in the\n aggregate than 20% of said Area. The Company may surrender a larger\n part of the Mining Area by giving not less than twelve months' notice\n to \"the Secretary\". The Company shall be relieved of all obligations\n in respect of the part or parts of the Mining Area so surrendered\n except those obligations which accrued prior to the effective date of\n surrender.\n\n\n 18\n<PAGE>\n\n (b) The Company shall leave the part of the Mining Area surrendered and\n everything thereon in a good and safe condition, provided, however\n that the Company shall have no such obligations for areas surrendered\n on which the Company has not undertaken any works or which have not\n been affected by the operations of the Company. In addition to\n complying with the provisions of paragraph 29 hereof, the Company\n shall take all reasonable measures, in accordance with good mining\n practices to leave the surface of such part of the Mining Area\n surrendered in good and usable condition having regard to the ecology,\n drainage, reclamation and environmental protection. In the event that\n the Company fails to do so, \"the Secretary\" shall make such part and\n everything thereon safe and in good, usable condition at the expense\n of the Company. The provisions of sub-paragraphs (a) and (c) of\n Paragraph 28 hereof shall apply.\n\n (c) The Company shall, on such terms and conditions as may be agreed upon\n between the Government and the Company, be entitled to such wayleaves,\n easements or other rights through or across the surrendered part or\n parts as may be necessary for its operations and such wayleaves shall\n not form part or be included in the calculation of the amount of the\n retained part.\n\n (d) \"The Government\" may require that there be reserved over any part\n surrendered such wayleaves, easements or other rights as shall in its\n opinion be necessary or convenient for the benefit of any party to\n whom \"the Government\" may subsequently grant a Gold Prospecting\n Licence or Gold Mining Lease.\n\n\n 19\n<PAGE>\n\n26 EXTENSION:\n\n If the Company, not less than six months before expiration of this\n Agreement applies to \"the Secretary\" for an extension of the term\n hereof and if the Company shall not be in default at that time in the\n performance of any of its obligations hereunder, the Company shall be\n entitled to an extension of the Agreement upon such terms and\n conditions as the parties may then agree.\n\n27 COMPANY'S RIGHT TO TERMINATE AGREEMENT:\n\n The Company may, if in its opinion the Mine can no longer be\n economically worked, terminate this Agreement by giving not less than\n nine (9) months' notice to \"the Government\". Such termination shall be\n without prejudice to any obligation or liability incurred by the\n Company hereunder prior to the effective date of such termination.\n\n28. GOVERNMENT'S RIGHT TO TERMINATE AGREEMENT:\n\n (a) \"The Government\" may, subject to the provisions of this paragraph,\n terminate this Agreement if any of the following events shall occur:-\n\n (i) The Company shall fail to make any of the payments described in\n this Agreement on the payment date;\n\n (ii) The Company shall contravene or fail to comply with any other\n conditions of this Agreement; or\n\n (iii) The Company shall become insolvent or bankrupt to enter into any\n agreement or composition with its creditors or take advantage of\n any law for the benefit of debtors or go into liquidation,\n whether compulsory or voluntary, except for the purposes of\n reconstruction or amalgamation; or\n\n\n 20\n<PAGE>\n\n (iv) The Company makes a written statement to \"the Government\" on any\n material matter in connection with this Agreement which the\n Company knows is false or makes recklessly without due regard as\n to whether it was true or false.\n\n (b) If and whenever the Government decides there are grounds to terminate\n this Agreement pursuant to clauses (i) and (ii) of preceding\n sub-paragraph, \"the Government\" shall give the Company notice\n specifying the particular contravention or failure and permit the\n Company to remedy the same within three months of such notice, or such\n longer period as the Secretary may specify in such notice as being\n reasonable in the circumstances.\n\n (c) If the Company shall fail to remedy any event specified in clauses (i)\n and (ii) of sub-paragraph (a) of this Paragraph within the stated\n period, or an event specified in clauses (iii) and (iv) of the said\n sub-paragraph shall occur \"the Government\" may by notice to \"the\n Company\" terminate this Agreement, provided that if the Company\n disputes whether there has been any contravention or failure to comply\n with the conditions hereof (including any dispute as to the\n calculation of payments by the Company to the Government hereunder),\n and the Company shall, within such period as aforesaid refer the\n dispute to arbitration in accordance with Paragraph 35 hereof and,\n thereafter, diligently prosecute its claim thereunder, \"the\n Government\" shall not terminate this Agreement except as the same may\n be consistent with the terms of the arbitration award.\n\n\n 21\n<PAGE>\n\n (d) No delay or omission or course of dealing by \"the Government\" shall\n impair any of its rights hereunder or be construed to be a waiver of\n any event specified in sub-paragraph (a) of this Paragraph or an\n acquiescence therein.\n\n (e) Upon termination of this Agreement by \"the Government\" every right of\n the Company hereunder shall cease (save as otherwise specifically\n provided hereunder) but subject nevertheless and without prejudice to\n any obligation or liability imposed or incurred under this Agreement\n prior to the effective date of termination and to such rights as \"the\n Government\" may have under law.\n\n29 ASSETS ON TERMINATION OR EXPIRATION:\n\n (a) Upon the termination or expiration of this Agreement, immovable assets\n of the Company in the Mining Area and all other appurtenances, pits,\n trenches and boreholes shall become the property of \"the Government\"\n without charge on the effective date of the termination or expiration.\n\n (b) All materials, supplies, vehicles and other movable assets of the\n Company in the Mining Area which are fully depreciated for tax\n purposes, shall become the property of the Government without charge\n on the effective date of termination or expiration. Any such property\n which is not then fully depreciated for tax purposes shall be offered\n for sale to The Government within sixty days from the effective date\n of such termination or expiration at the depreciated cost. If the\n Government shall not accept such offer within sixty days, the Company\n may sell, remove or otherwise dispose of all such property during a\n period of one hundred and eighty days after the expiration of such\n offer. All such property not sold, removed or otherwise disposed of\n shall become the property of \"the Government\" without charge.\n\n\n 22\n<PAGE>\n\n (c) Notwithstanding the foregoing, the Secretary, may by notice to the\n Company require the removal or destruction of any assets of the\n Company in the Mining Area and if the Company does not remove or\n destroy such assets within a period of thirty days from the date of\n the Secretary's notice to that effect, the Secretary shall cause such\n removal or destruction at the expense of the Company.\n\n (d) The Company shall take all reasonable measures to ensure that all of\n the assets to be offered for sale to \"the Government\" or transferred\n to \"the Government\" in accordance with this Paragraph shall be\n maintained in substantially the same condition in which they were at\n the date of the termination or the date on which the Company\n reasonably knew that such termination would occur and any such assets\n shall not be disposed of, dismantled or destroyed except as\n specifically provided for in this Paragraph.\n\n (e) Upon the termination or expiration of this Agreement, The Company\n shall leave the Mining Area and everything thereon in a good\n condition, having regard to the ecology, conservation, reclamation,\n environmental protection, drainage and safety provided however that\n the Company shall have no obligation in respect of areas where the\n Company has not undertaken any work or which have not been affected by\n the Company's operations. In this connection, unless the Chief\n Inspector of Mines otherwise directs, \"The Company\" shall, in\n accordance with good mining practice, fill up or fence and make safe\n all holes and excavations to the reasonable satisfaction of the Chief\n\n\n 23\n<PAGE>\n\n Inspector of Mines. In addition the Company shall take all reasonable\n measures to leave the surface of the Mining Area in useable condition\n and to restore all structures thereon not the property of the Company\n to their original condition. In the event that the Company fails to do\n so, \"the Secretary\" shall restore and make the Mining Area and\n everything there safe at the expense of the Company.\n\n (f) The Company shall have the right to enter upon the Mining Area for the\n aforesaid purposes, subject to the rights of surface owners or others,\n for a period of six months from the effective date of the termination\n or such longer period as the Secretary may decide.\n\n30. FORCE MAJEURE:\n\n (a) All obligations on the part of the Company to comply with any of the\n conditions hereof (except the obligation to make payment of monies due\n to the Government) shall be suspended during the period the Company is\n prevented by force majeure from fulfilling such obligations, the\n Company having taken all reasonable precautions, due care and\n reasonable alternative measures with the objective of avoiding such\n non-compliance and of carrying out its obligations hereunder. The\n Company shall take all reasonable steps to remove such causes of the\n inability to fulfill the terms and conditions hereof with the minimum\n of delay.\n\n (b) For the purpose of this paragraph, force majeure includes government\n restraints not arising from the non-compliance by the Company with the\n conditions herein, acts of God, war, strikes, insurrection, riots,\n earthquakes, storm, flood or other adverse weather conditions or any\n other event which the Company could not reasonably be expected to\n prevent or control, but shall not include any event caused by a\n failure to observe good mining practices or by the negligence of the\n Company or any of its employees or contractors.\n\n\n 24\n<PAGE>\n\n (c) The Company shall notify the \"Secretary\" within forty-eight hours of\n any event of force majeure affecting its ability to fulfil the\n conditions hereof or of any events which may endanger the natural\n resources of Ghana and similarly notify the Government of the\n restoration of normal conditions within forty-eight hours thereof.\n This provision shall be in addition to the requirements of the Mining\n Regulations.\n\n (d) The terms of this Agreement shall be extended for a period of time\n equal to the period or periods during which the Company was affected\n by conditions set forth in paragraph (a) and (b) of this sub-paragraph\n or for such period as may be agreed by the parties.\n\n31. POLITICAL ACTIVITY:\n\n The Company shall not engage in political activity of any kind in Ghana\n or make a donation, gift or grant to any political party. The Company\n shall make it a condition of employment that no employee, other than a\n citizen of Ghana shall engage in political activity and shall not make\n donations, gifts or grants to any political party. In the event of any\n such employee acting in disregard to this condition, he shall be\n dismissed forthwith.\n\n32. ADVERTISEMENTS, PROSPECTUSES, ETC.\n\n Neither \"the Company\" nor any affiliated Company shall in any manner\n claim or suggest, whether expressly or by implication that \"the\n Government\" or any agency or official thereof, has expressed any\n opinion with respect to gold in the Mining Area and a statement to this\n effect shall not be included in or endorsed on any prospectus notice,\n circular, advertisement, press release or similar document issued by\n the Company or any Affiliated Company for the purpose of raising now\n capital.\n\n\n 25\n<PAGE>\n\n33. CO-OPERATION OF THE PARTIES:\n\n Each of the parties hereto undertake that it will from time to time do\n all such acts and make, enter into, execute, acknowledge and deliver at\n the request of the other party, such supplemental or additional\n instruments, documents, agreements, consents or otherwise as may be\n reasonably required for the purpose of implementing or assuring the\n rights and obligations of the other party under this Agreement.\n\n34. NOTICE:\n\n Any application, notice, consent, approval, direction, instruction or\n waiver hereunder shall be in writing and shall be served by hand or by\n registered mail. Delivery by hand shall be deemed to be effective at\n such time as it would in the ordinary course of registered mail be\n delivered to the addressee.\n\n35. ARBITRATION AND SETTLEMENT OF DISPUTES:\n\n (a) Any dispute or differences between the parties arising out of or in\n connection with this Agreement or any agreed variation thereof or in\n respect of the interpretation or enforcement of the provisions of this\n document or any agreed variation or as to the rights, duties or\n liabilities of either party shall unless the parties agree to submit\n to any procedures available in Ghana for the settlement of such\n dispute be submitted at the instance of any party to the jurisdiction\n of the International Centre for the Settlement of Investment Disputes\n for settlement by reconciliation or arbitration pursuant to the\n Convention on the Settlement of Investment Disputes between States and\n Nationals of other States.\n\n\n 26\n<PAGE>\n\n (b) The Parties acknowledge and agree that this Agreement was made on the\n basis of the laws and conditions prevailing at the date of effective\n conclusion of the negotiation of this Agreement and accordingly if\n thereafter, new laws and conditions come into existence which unfairly\n affect the interest of either party to this Agreement then the party\n so unfairly affected shall be entitled to request a re-negotiation and\n the parties shall thereupon re-negotiate. The parties hereby undertake\n and covenant with each other to make every effort to agree,\n co-operate, negotiate and to take such action as may be necessary to\n remove the causes of unfairness or disputes.\n\n36. ASSIGNMENT AND TRANSFER OF STOCK:\n\n (a) This Agreement shall not be assignable in whole or in part by the\n Company without the consent of \"the Government\".\n\n (b) \"The Government\" may impose such conditions precedent to the giving of\n such consent as it may deem appropriate in the circumstances. No\n assignment, however, may relieve the Company of its obligations under\n this Agreement except to the extent that such obligations are actually\n assumed by the Assignee.\n\n (c) During the term of this Agreement, no shares of the capital stock of\n the Company may be transferred without the prior consent in writing of\n \"the Government\" unless such a transfer will not result in a change in\n control of the Company.\n\n\n 27\n<PAGE>\n\n37. HEADINGS:\n\n The headings given to paragraphs in this Agreement are for convenience\n only and shall not affect the construction or interpretation of this\n Agreement.\n\n38. GOVERNING LAWS:\n\n This Agreement shall be governed and construed in accordance with the\n Laws for the time being in force in Ghana.\n\n\n 28\n<PAGE>\n\n THE SCHEDULE ABOVE REFERRED TO\n\n All that area covering approximately 50 square kilometres lying\n between latitutde 5 32' 30\" West and latitude 5 37' 30\" West and\n longitude 2 05' North and 1 58' 30\" North in Bogosu - Western Region\n of Ghana which piece of land is more particularly delineated on the\n plan annexed hereto for the purpose of identification and not of\n limitation.\n\nIN WITNESS WHEREOF the party of the first part has hereunto set his hand and\naffixed the seal of the Ministry of Lands and Natural Resources and the party\nhereto of the second part has hereunto caused its common Seal to be affixed the\nday and year first above written.\n\nSIGNED, SEALED AND DELIVERED:\n\nTHE REPUBLIC OF GHANA\n\nBY: Richard Kwame Peprah\n -----------------------------------------\n Secretary responsible for and\n on behalf of the Government of\n Ghana who by his execution\n warrants to the other parties [illegible signature]\n that he is duly authorized and -------------------------------\n empowered to enter into\n this Agreement.\n\n In the presence of: [illegible signature]\n -------------------------------\n Name: Fred Ohene-Kena\n Address: Ministry of Lands and\n Natural Resources\n\n\n 29\n<PAGE>\n\nCANADIAN BOGOSU RESOURCES LIMITED.\n\n [illegible signature]\n -------------------------------\n Director\n\n\nIn the Presence of [illegible signature]\n -------------------------------\n\nName: Benoni [illegible]\n\nAddress: P.O. Box 16075, Airport, Accra\n\n\n OATH OF PROOF\n\nI, FRED. OHENE-KENA of ACCRA make oath and say that on the 21st day of August\n1987 I was present and saw RICHARD KWAME PEPRAH duly execute the Instrument now\nproduced to me and marked \"A\" and that the said RICHARD KWAME PEPRAH can read\nand write.\n\nSWORN at Accra, this 30th day ) [illegible signature]\n\nof September One Thousand ) D E P O N E N T\n\nNine Hundred and Eighty-Seven (1987) )\n BEFORE ME\n [illegible signature]\n REGISTRAR OF LANDS\n\n\n CERTIFICATE OF PROOF\n\nOn the 30th day of September 1987 at 11:30 o'clock in the morning this\nInstrument was proved before me by the Oath of the within-named FRED. OHENE-KENA\nto have been duly executed by the within-named RICHARD KWAME PAPRAH for and on\nbehalf of \"the Government\" of the Republic of Ghana the Lessor herein.\n\n [illegible signature]\n REGISTRAR OF LANDS\n\n\n 30\n<PAGE>\n\n GOLD MINING LEASE AREA\n\n FOR CANADIAN BOGOSU RESOURCES LIMITED\n\n SITUATE AT BOGOSU\n\n SHEWN EDGED PINK\n\n AREA = 50 SQUARE KILOMETRES APPROX.\n\n\n\n\n [MAP]\n\n [graphic omitted]\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":74,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1056903/0001104659-18-019870-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1056903/0001104659-18-019870.txt"},"cik":{"kind":"string","value":"1056903"},"name":{"kind":"string","value":"AMERICAN STATES WATER CO"},"type":{"kind":"string","value":"8-K"},"filing_date":{"kind":"string","value":"2018-03-23"},"report_date":{"kind":"string","value":"2018-03-22"},"seq":{"kind":"string","value":"2"},"desc":{"kind":"string","value":"EX-10.1"},"doc_type":{"kind":"string","value":"EX-10.1"},"size":{"kind":"string","value":"143685"},"filename":{"kind":"string","value":"a18-8951_1ex10d1.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1056903/000110465918019870/a18-8951_1ex10d1.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/da3daedef9a7084a8c5eda54a55cf9d1c6a029da.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2018-03-23\", \"Accepted\": \"2018-03-23 16:17:22\", \"Documents\": \"3\", \"Period of Report\": \"2018-03-22\", \"Items\": \"Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.1\n<SEQUENCE>2\n<FILENAME>a18-8951_1ex10d1.htm\n<DESCRIPTION>EX-10.1\n<TEXT>\n\n\n<html>\n<head>\n\n\n\n\n </head>\n<body link=blue lang=\"EN-US\">\n<div style=\"font-family:Times New Roman;\">\n<p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">Exhibit 10.1</font></b><a name=\"Exhibit10_1_093933\"></a></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\"> </font></b></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">AMERICAN STATES WATER COMPANY</font></b></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">2018 SHORT-TERM INCENTIVE PROGRAM</font></b></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt .5in;text-indent:-.5in;\"><b><i><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">1.</font></i></b><font size=\"1\" style=\"font-size:3.0pt;\">                                    </font><b><i><font size=\"3\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">Purpose of 2018 Short-Term Incentive Program</font></i></b></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">American States Water Company, a California corporation, (the “<b>Corporation</b>”) has adopted the American States Water Company Performance Incentive Plan (the “<b>Plan</b>”) to promote the success of the Corporation by (a) motivating executives selected to participate in the Plan to maximize the performance of the Corporation both from a financial perspective and in serving its customers and (b) rewarding them with cash Objective Bonuses directly related to such performance.  The Corporation’s board of directors recognizes that the ability of the Corporation and its subsidiaries to attract capital at a low cost is based on its financial performance and that the Corporation’s customers benefit through its ability to attract low cost capital.  This 2018 Short-Term Incentive Program (the “<b>2018 STIP</b>”) sets forth the names of the individuals selected to be Participants who are eligible to earn Objective Bonuses under the Plan for the 2018 calendar year and the applicable Business Criteria, Additional Objective Criteria, Performance Targets, and Payout Percentages for the 2018 calendar year.  The 2018 STIP also provides for Discretionary Bonuses, which when added to the Objective Bonuses under the Plan, equal the Aggregate Bonuses payable under the 2018 STIP for the 2018 calendar year.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt .5in;text-indent:-.5in;\"><b><i><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">2.</font></i></b><font size=\"1\" style=\"font-size:3.0pt;\">                                    </font><b><i><font size=\"3\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">Term of 2018 STIP</font></i></b></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">The Performance Period covered by the 2018 STIP (the “<b>Term</b>”) began on January 1, 2018 and will end on December 31, 2018.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt .5in;text-indent:-.5in;\"><b><i><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">3.</font></i></b><font size=\"1\" style=\"font-size:3.0pt;\">                                    </font><b><i><font size=\"3\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">Relationship to American States Water Company Performance Incentive Plan</font></i></b></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">The Objective Bonuses based on the Business Criteria payable under Awards granted under the 2018 STIP are granted under the authority of the Plan and are subject to all of the terms and conditions of the Plan, as it may be amended from time to time, and any rules adopted by the Committee in accordance with the terms of the Plan, as such rules are in effect from time to time.  The Discretionary Bonuses and the Objectives Bonuses based solely on the satisfaction of the Additional Objective Criteria are granted under the general authority of the Compensation Committee to determine the compensation payable to Executives.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt .5in;text-indent:-.5in;\"><b><i><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">4.</font></i></b><font size=\"1\" style=\"font-size:3.0pt;\">                                    </font><b><i><font size=\"3\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">Definitions</font></i></b></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">Capitalized terms used and not otherwise defined herein have the meanings set forth in the Plan.  In addition, the following phrases shall have the meanings specified below:</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Additional Objective Criteria</b>” means Direct Operating Margin - ASUS.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Adjusted EPS - ASUS</b>” means the EPS of ASUS for 2018 adjusted to remove the general office allocation to ASUS related to any transaction fees and/or gain or loss on sale recognized in the financial statements in 2018 associated with a sale of any of the Corporation’s business units or the acquisition of any new businesses.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" style=\"font-size:12.0pt;\">1</font><a name=\"PB_1_213708_283\"></a></p>\n<div style=\"margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade align=\"left\" style=\"color:#010101;\"></div>\n</div>\n<!-- SEQ.=1,FOLIO='1',FILE='C:\\JMS\\109929\\18-8951-1\\task8802528\\8951-1-ke-01.htm',USER='109929',CD='Mar 24 00:14 2018' -->\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n<div style=\"font-family:Times New Roman;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Adjusted EPS - AWR Consolidated</b>” means the Corporation’s EPS for 2018 adjusted to remove 1) any write-offs associated with the CPUC’s 2018 procurement audit of GSWC arising out of the settlement of claims approved by the CPUC in December 2011 related to the capital projects contracting matter and 2) any transaction fees and/or gain or loss on sale recognized in the financial statements in 2018 associated with a sale or restructuring of any of the Corporation’s business units or the acquisition of any new businesses.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Adjusted EPS - Regulated Utilities</b>” means the sum of the EPS of each of the Regulated Utilities for 2018 adjusted to remove 1) any write-offs associated with the CPUC’s 2018 procurement audit of GSWC arising out of the settlement of claims approved by the CPUC in December 2011 related to the capital projects contracting matter and 2) any transaction fees and/or gain or loss on sale recognized in the financial statements in 2018 associated with a sale or restructuring of any of the Corporation’s business units or the acquisition of any new businesses.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Aggregate Bonus</b>” means the combination of a Participant’s Objective Bonus and his or her Discretionary Bonus.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">“ASUS”</font></b><font size=\"3\" style=\"font-size:12.0pt;\"> means American States Utility Services, Inc., a California corporation, and wholly owned subsidiary of the Corporation, and its wholly owned subsidiaries.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">“Award Agreement”</font></b><font size=\"3\" style=\"font-size:12.0pt;\"> means a written agreement setting forth the material terms and conditions of the Award as determined by the Committee consistent with the express limitations of the Plan and the 2018 STIP.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">“Base Salary”</font></b><font size=\"3\" style=\"font-size:12.0pt;\"> means the Participant’s rate of annual base pay on the date the Committee approves the Business Criteria, the Additional Objective Criteria and the Performance Targets.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">“</font></b><b><font size=\"3\" style=\"font-size:12.0pt;font-weight:bold;\">Board of Directors</font></b><b><font size=\"3\" style=\"font-size:12.0pt;font-weight:bold;\">”</font></b><font size=\"3\" style=\"font-size:12.0pt;\"> means the Corporation’s board of directors.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">“Budget”</font></b><font size=\"3\" style=\"font-size:12.0pt;\"> or <b>“Budgeted” </b>means, in the case of Adjusted EPS for the Corporation, the Regulated Utilities or ASUS, as the case may be, the projected Adjusted EPS for 2018 as set forth in the Operating Budget and for Construction Revenues – ASUS, Expense Optimization – ASUS, Direct Construction Margin – ASUS and Direct Operating Margin – ASUS, the amounts included for these metrics in the Operating Budget.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">“Business Criteria”</font></b><font size=\"3\" style=\"font-size:12.0pt;\"> means Adjusted EPS-AWR Consolidated, Adjusted EPS-Regulated Utilities, Adjusted EPS-ASUS, Customer Complaints-RU, Customer Complaint Standards-RU, Capital Expenditures-RU, Construction Revenues-ASUS, Direct Construction Margin-ASUS, Expense Optimization-ASUS, SOX Deficiencies-RU, SOX Deficiencies-ASUS, Economic Value Added-ASUS, Safety Recordable Work Incidents-ASUS, Safety-Recordable Work Incidents-RU and Supplier Diversity-RU.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">“CAB”</font></b><font size=\"3\" style=\"font-size:12.0pt;\"> means the CPUC Consumer Affairs Branch.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">“Capital Expenditures - RU”</font></b><font size=\"3\" style=\"font-size:12.0pt;\"> means the dollar amount of capital expenditures for 2018 for the Regulated Utilities.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" style=\"font-size:12.0pt;\">2</font><a name=\"PB_2_213743_7056\"></a></p>\n<div style=\"margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade align=\"left\" style=\"color:#010101;\"></div>\n</div>\n<!-- SEQ.=1,FOLIO='2',FILE='C:\\JMS\\109929\\18-8951-1\\task8802528\\8951-1-ke-01.htm',USER='109929',CD='Mar 24 00:14 2018' -->\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n<div style=\"font-family:Times New Roman;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Construction Revenues – ASUS</b>” – means the total revenues from the construction segment of ASUS during 2018 for the military bases served by subsidiaries of ASUS.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Committee</b>” means the Compensation Committee of the Board of Directors.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>CPUC</b>” means the California Public Utilities Commission.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Customer Complaint Standards - RU</b>” means the number of complaints on all matters on the Regulated Utilities received by CAB in 2018 divided by the average number of customers served by the Regulated Utilities during 2018.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Customer Complaints - RU</b>” means the number of water quality, pressure, and leak complaints received from water customers by GSWC divided by the average number of water customers served by GSWC during 2018.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Direct Construction Margin – ASUS</b>” means a percentage determined by dividing total construction revenues less ASUS construction costs (reported as expenses in the Corporation’s Form 10-K for 2018 filed with the Securities and Exchange Commission) by total construction revenues. Construction revenues and construction costs for this purpose shall exclude the construction revenues and construction costs of Fort Riley Utility Services, Inc. and any new base construction revenues and construction costs.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">“Direct Operating Margin – ASUS”</font></b><font size=\"3\" style=\"font-size:12.0pt;\"> means a percentage determined by dividing total operations and maintenance revenues less direct operations and maintenance expense by total operations and maintenance revenues as recorded in the Corporation’s Form 10-K.  Total operations and maintenance revenues for this purpose shall exclude revenues of Fort Riley Utility Services, Inc. and any new base awards received in 2018. Direct operations and maintenance expense for this purpose shall include other operation, administration and general, depreciation and amortization, maintenance and property and other taxes as reflected in the Corporation’s Form 10-K, but shall exclude (i) expenses of Fort Riley Utility Services, Inc. and any new base received during 2018, (ii) expenses of ASUS administration and centralized functions, (iii) general office expenses of GSWC approved by the CPUC to be allocated to ASUS, and (iv) property and other taxes allocable to construction activities.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:39.0pt;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Discretionary Bonus</b>” means a bonus payable to a Participant based on that Participant’s Individual Performance Measures.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:39.0pt;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">“Economic Value Added – ASUS” </font></b><font size=\"3\" style=\"font-size:12.0pt;\">means the percentage increase over the EV Goal – ASUS.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:39.0pt;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">“EPS”</font></b><font size=\"3\" style=\"font-size:12.0pt;\"> means fully diluted earnings per share as reported in the Corporation’s consolidated financial statements for 2018.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">“EV Goal – ASUS</font></b><font size=\"3\" style=\"font-size:12.0pt;\">” means the economic value goal established for the combined amount of government-approved monthly fixed fees (as annualized) during the Compensation Committee meeting on March 22, 2018 for (i) operations and maintenance and (ii) renewal and replacement for the military bases served as of December 31, 2018, as a result of price adjustments approved by a Contracting Officer on such military bases during 2018.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" style=\"font-size:12.0pt;\">3</font><a name=\"PB_3_213804_5335\"></a></p>\n<div style=\"margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade align=\"left\" style=\"color:#010101;\"></div>\n</div>\n<!-- SEQ.=1,FOLIO='3',FILE='C:\\JMS\\109929\\18-8951-1\\task8802528\\8951-1-ke-01.htm',USER='109929',CD='Mar 24 00:14 2018' -->\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n<div style=\"font-family:Times New Roman;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:39.0pt;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">“Expense Optimization – ASUS”</font></b><font size=\"3\" style=\"font-size:12.0pt;\"> means the sum of other operations, maintenance, and administrative and general expenses of ASUS in 2018 (as reflected in the Corporation’s 10-K) excluding (i) expenses of Fort Riley Utility Services, Inc., (ii) expenses of ASUS incurred in connection with any new base awards during 2018, (iii) general office expenses of GSWC approved by the CPUC to be allocated to ASUS, (iv) expenses incurred in connection with ASUS’s new business development cost center, and (v) expenses included in the Corporation’s Form 10-K for awards recorded under the plan and the 2016 Stock Incentive Plan.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>GSWC</b>” means Golden State Water Company, a California corporation and wholly owned subsidiary of the Corporation.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:39.0pt;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Individual Performance Measures</b>” means the criteria or goals utilized to determine the amounts of each Participant’s Discretionary Bonus.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:39.0pt;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Objective Bonus</b>” means a bonus based on the degree of achievement of the Performance Targets for the Business Criteria and the Additional Objective Criteria.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Operating Budget</b>” means the Company’s operating budget for 2018 as presented to the Board of Directors at its January 30, 2018 meeting as adjusted for the impact of decisions of the CPUC and other adjustments required to be made under Section 4.6 of the Plan.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Payout Percentage</b>” means the percentage of a Participant’s Target Aggregate Bonus that is payable based on the degree of satisfaction of a Performance Target or the Individual Performance Measures.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Performance Measures</b>” means the Business Criteria, the Additional Objective Criteria and Individual Performance Measures.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Performance Target</b>” means a specific goal established by the Committee with respect to the Business Criteria or the Additional Objective Criteria as set forth in Section 6.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:39.0pt;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">“Regulated Utilities”</font></b><font size=\"3\" style=\"font-size:12.0pt;\"> means GSWC and any other utility that becomes a direct or indirect subsidiary of the Corporation which is designated a “regulated utility” by the Committee.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">“Safety-Recordable Work Incidents – ASUS”</font></b><font size=\"3\" style=\"font-size:12.0pt;\"> means the number of work-related injuries and illnesses as reported on the OSHA Form 300s for ASUS other than for Fort Riley Utility Services, Inc.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:39.0pt;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">“Safety-Recordable Work Incidents - RU</font></b><font size=\"3\" style=\"font-size:12.0pt;\">” means the number of work-related injuries and illnesses as reported on the OSHA Form 300 for GSWC.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:39.0pt;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>SOX</b>” means the Sarbanes-Oxley Act of 2002.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:39.0pt;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>SOX Deficiencies - ASUS</b>” means the number of “control deficiencies” (each a “<b>CD</b>”), “significant deficiencies” (each an “<b>SD</b>”) and “material weaknesses” (each a “<b>MW</b>”) reported for ASUS in the independent auditor’s report for 2018 pursuant to Section 404 of SOX.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" style=\"font-size:12.0pt;\">4</font><a name=\"PB_4_213848_5796\"></a></p>\n<div style=\"margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade align=\"left\" style=\"color:#010101;\"></div>\n</div>\n<!-- SEQ.=1,FOLIO='4',FILE='C:\\JMS\\109929\\18-8951-1\\task8802528\\8951-1-ke-01.htm',USER='109929',CD='Mar 24 00:14 2018' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n<div style=\"font-family:Times New Roman;\">\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>SOX Deficiencies - RU</b>” means the number of CDs, SDs and MWs reported for the Regulated Utilities in the independent auditor’s report for 2018 pursuant to Section 404 of SOX.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">“Supplier Diversity - RU”</font></b><font size=\"3\" style=\"font-size:12.0pt;\"> means the percentage reported by the Regulated Utilities to the CPUC annually by March 1 in its General Order 156 Compliance Filing. The percentage is calculated by taking the Regulated Utilities’ total procurement dollars for the reporting period with CPUC qualified women-owned, minority-owned, disabled veteran-owned, and lesbian, gay, bisexual and transgender-owned business enterprises divided by the Regulated Utilities’ total procurement dollars (net of exclusions allowed under the General Order 156 Compliance Filing for the reporting period, such as payments for purchased water, purchased power, pump taxes, income taxes, franchise fees, and postage).</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">“<b>Target Aggregate Bonus</b>” means the amount of bonus that would be payable if each of the Performance Targets were met at the targeted level and the Participant’s Individual Performance Measures were met at the targeted level.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt .5in;text-indent:-.5in;\"><b><i><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">5.</font></i></b><font size=\"1\" style=\"font-size:3.0pt;\">                                    </font><b><i><font size=\"3\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">Participation and Individual Awards</font></i></b></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">The individuals who have been selected as Participants in the 2018 STIP are set forth below together with the amount of their Target Aggregate Bonuses as a percentage of Base Salary:</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"94%\" style=\"border-collapse:collapse;margin-left:15.75pt;\">\n<tr>\n<td width=\"31%\" valign=\"top\" bgcolor=\"#E0E0E0\" style=\"background:#E0E0E0;border:double windowtext 1.5pt;padding:0in 0in 0in 0in;width:31.64%;\">\n<p style=\"margin:0in 0in .0001pt;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:1.0pt;font-weight:bold;\"> </font></b></p> </td>\n<td width=\"40%\" valign=\"bottom\" bgcolor=\"#E0E0E0\" style=\"background:#E0E0E0;border:double windowtext 1.5pt;border-left:none;padding:0in 0in 0in 0in;width:40.82%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">Participant</font></b></p> </td>\n<td width=\"27%\" valign=\"bottom\" bgcolor=\"#E0E0E0\" style=\"background:#E0E0E0;border:double windowtext 1.5pt;border-left:none;padding:0in 0in 0in 0in;width:27.54%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">Target<br> Aggregate Bonus</font></b></p> </td> </tr>\n<tr>\n<td width=\"100%\" colspan=\"3\" valign=\"top\" style=\"border:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:100.0%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">GSWC Officers</font></p> </td> </tr>\n<tr>\n<td width=\"31%\" valign=\"top\" style=\"border-bottom:none;border-left:double windowtext 1.5pt;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:31.64%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p> </td>\n<td width=\"40%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:40.82%;\">\n<p style=\"margin:0in 0in .0001pt 5.75pt;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">Robert J. Sprowls</font></p> </td>\n<td width=\"27%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:27.54%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">71.0%</font></p> </td> </tr>\n<tr>\n<td width=\"31%\" valign=\"top\" style=\"border-bottom:none;border-left:double windowtext 1.5pt;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:31.64%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">Administrative and General</font></p> </td>\n<td width=\"40%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:40.82%;\">\n<p style=\"margin:0in 0in .0001pt 5.75pt;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">Eva G. Tang</font></p> </td>\n<td width=\"27%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:27.54%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">31.5%</font></p> </td> </tr>\n<tr>\n<td width=\"31%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:double windowtext 1.5pt;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:31.64%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p> </td>\n<td width=\"40%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:40.82%;\">\n<p style=\"margin:0in 0in .0001pt 5.75pt;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">Gladys M. Farrow</font></p> </td>\n<td width=\"27%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:27.54%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">26.0%</font></p> </td> </tr>\n<tr>\n<td width=\"31%\" valign=\"top\" style=\"border-bottom:none;border-left:double windowtext 1.5pt;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:31.64%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p> </td>\n<td width=\"40%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:40.82%;\">\n<p style=\"margin:0in 0in .0001pt 5.75pt;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">Denise L. Kruger</font></p> </td>\n<td width=\"27%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:27.54%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">31.5%</font></p> </td> </tr>\n<tr>\n<td width=\"31%\" valign=\"top\" style=\"border-bottom:none;border-left:double windowtext 1.5pt;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:31.64%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p> </td>\n<td width=\"40%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:40.82%;\">\n<p style=\"margin:0in 0in .0001pt 5.75pt;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">Paul J. Rowley</font></p> </td>\n<td width=\"27%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:27.54%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">26.0%</font></p> </td> </tr>\n<tr>\n<td width=\"31%\" valign=\"top\" style=\"border-bottom:none;border-left:double windowtext 1.5pt;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:31.64%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">Operations</font></p> </td>\n<td width=\"40%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:40.82%;\">\n<p style=\"margin:0in 0in .0001pt 5.75pt;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">Patrick R. Scanlon</font></p> </td>\n<td width=\"27%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:27.54%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">26.0%</font></p> </td> </tr>\n<tr>\n<td width=\"31%\" valign=\"top\" style=\"border-bottom:none;border-left:double windowtext 1.5pt;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:31.64%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p> </td>\n<td width=\"40%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:40.82%;\">\n<p style=\"margin:0in 0in .0001pt 5.75pt;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">William C. Gedney</font></p> </td>\n<td width=\"27%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:27.54%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">26.0%</font></p> </td> </tr>\n<tr>\n<td width=\"31%\" valign=\"top\" style=\"border:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:31.64%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p> </td>\n<td width=\"40%\" valign=\"top\" style=\"border-bottom:double windowtext 1.5pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:40.82%;\">\n<p style=\"margin:0in 0in .0001pt 5.75pt;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">Bryan K. Switzer (Keith)</font></p> </td>\n<td width=\"27%\" valign=\"top\" style=\"border-bottom:double windowtext 1.5pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:27.54%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">26.0%</font></p> </td> </tr>\n<tr>\n<td width=\"100%\" colspan=\"3\" valign=\"top\" style=\"border:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:100.0%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">ASUS Officers</font></p> </td> </tr>\n<tr>\n<td width=\"31%\" valign=\"top\" style=\"border-bottom:none;border-left:double windowtext 1.5pt;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:31.64%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p> </td>\n<td width=\"40%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:40.82%;\">\n<p style=\"margin:0in 0in .0001pt 5.75pt;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">James C. Cotton III</font></p> </td>\n<td width=\"27%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:27.54%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">51.5%</font></p> </td> </tr>\n<tr>\n<td width=\"31%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:double windowtext 1.5pt;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:31.64%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p> </td>\n<td width=\"40%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:40.82%;\">\n<p style=\"margin:0in 0in .0001pt 5.75pt;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">Granville R. Hodges, Jr. (Rusty)</font></p> </td>\n<td width=\"27%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:double windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:27.54%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">26.0%</font></p> </td> </tr> </table>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">For purposes of this 2018 STIP, the GSWC officers will be divided into (1) Administrative and General Officers and (2) Operations Officers.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">The Corporation will enter into an Award Agreement with each Participant that (a) describes his or her Individual Performance Measures and sets forth his or her Target Aggregate Bonus, (b) sets forth his or her threshold, target and maximum Performance Targets and (c) incorporates the terms and conditions of the Plan and this 2018 STIP by reference.  The Target Aggregate Bonus amount set forth above shall represent the aggregate amount of up to three separate bonuses: an Objective Bonus under the Plan, an Objective Bonus based solely on satisfaction of the Additional Objective Criteria and a Discretionary Bonus.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" style=\"font-size:12.0pt;\">5</font><a name=\"PB_5_214029_4294\"></a></p>\n<div style=\"margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade align=\"left\" style=\"color:#010101;\"></div>\n</div>\n<!-- SEQ.=1,FOLIO='5',FILE='C:\\jms\\109952\\18-8951-1\\task8802295\\8951-1-ke-03.htm',USER='109952',CD='Mar 23 22:07 2018' -->\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n<div style=\"font-family:Times New Roman;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt .5in;text-indent:-.5in;\"><b><i><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">6.</font></i></b><font size=\"1\" style=\"font-size:3.0pt;\">                                    </font><b><i><font size=\"3\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">Performance Targets for Objective Bonuses</font></i></b></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">The threshold, target and maximum Performance Targets for the 2018 STIP are set forth in Exhibit A to this 2018 STIP.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt .5in;text-indent:-.5in;\"><b><i><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">7.</font></i></b><font size=\"1\" style=\"font-size:3.0pt;\">                                    </font><b><i><font size=\"3\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">Determination of Participants’ Aggregate Bonuses</font></i></b></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">The Aggregate Bonus payable to each Participant shall be determined on the basis of the extent to which the Performance Targets for the Business Criteria, the Additional Objective Criteria and that Participant’s Individual Performance Measures are achieved.  The amount of Aggregate Bonus payable is equal to the amount of the Target Aggregate Bonus multiplied by the sum of the Payout Percentages for each of the Performance Measures as determined pursuant to the tables in (a) Section B of Exhibit A for Participants that are Administrative and General Officers employed by GSWC, (b) Section C for Participants that are Operations Officers employed by GSWC and (c) Section D for Participants employed by ASUS.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">As soon as practicable following the end of the Term of the 2018 STIP and the completion of the independent auditor’s report for 2018, the Committee shall determine the extent to which the Performance Targets for the Business Criteria and the Additional Objective Criteria are achieved and the extent to which the Individual Performance Measures are achieved, and determine the Payout Percentage for each of the Performance Measures.  In order for a Participant to receive any payment with respect to the Participant’s Discretionary Bonus, the Participant must meet the standards established for the Participant’s position, which standards shall be one of the components of the Participant’s Individual Performance Measures.  The determination of whether the standards established for the Participant’s position are achieved shall be made by the Committee, which (other than for the Company’s President and Chief Executive Officer) determination shall be based on the recommendations of the President and Chief Executive Officer or another direct supervisor of the Participant.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">For levels of achievement between threshold and maximum, the Committee shall determine the Payout Percentage by interpolation.  Subject to Section 8 below, the Aggregate Bonus for each Participant shall be the sum of the Payout Percentages determined with respect to each Performance Measure multiplied by the amount of Participant’s Target Aggregate Bonus.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt .5in;text-indent:-.5in;\"><b><i><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">8.</font></i></b><font size=\"1\" style=\"font-size:3.0pt;\">                                    </font><b><i><font size=\"3\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">Payment of Accounts</font></i></b></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">At the time the Committee makes the determinations described in Section 7, it shall certify, in accordance with Section 4.8 of the Plan, the amounts of the Objective Bonuses payable to Participants.  The Committee shall, at the same time, determine the amount of the Discretionary Bonus payable to Participants.  Payment of such bonuses (the Aggregate Bonuses) shall be made as soon as practicable following the Committee’s determination and certification, but in no event later than December 31, 2019.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" style=\"font-size:12.0pt;\">6</font><a name=\"PB_6_214059_2897\"></a></p>\n<div style=\"margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade align=\"left\" style=\"color:#010101;\"></div>\n</div>\n<!-- SEQ.=1,FOLIO='6',FILE='C:\\jms\\109952\\18-8951-1\\task8802295\\8951-1-ke-03.htm',USER='109952',CD='Mar 23 22:07 2018' -->\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n<div style=\"font-family:Times New Roman;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"font-size:10.0pt;margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">Notwithstanding the foregoing, any Objective Bonus otherwise payable to any Participant under this 2018 STIP shall be subject to the adjustments, limitations (including the dollar limitation</font> <font size=\"3\" style=\"font-size:12.0pt;\">under Section 4.3 of the Plan), the Committee’s discretionary authority to make downward adjustments and other terms and conditions set forth in the Plan.  Any Discretionary Bonus otherwise payable under this 2018 STIP shall be subject to any adjustments, limitations, upward or downward adjustments in amounts and any other terms or conditions that the Committee may impose in its sole discretion.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt .5in;text-indent:-.5in;\"><b><i><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">9.</font></i></b><font size=\"1\" style=\"font-size:3.0pt;\">                                    </font><b><i><font size=\"3\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">Effect of Termination of Employment</font></i></b></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">Except as otherwise provided in an employment agreement, memorandum of understanding, other contract between a Participant and the Corporation or one of its Subsidiaries, or by the Committee in its sole discretion, the bonuses payable under a Participant’s Award will be forfeited, and the Participant will not be entitled to any bonus payments with respect to such Award if the Participant ceases to be employed by the Corporation or one of its Subsidiaries for any reason prior to the date the bonus payments under the 2018 STIP are paid to Participants.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt .5in;text-indent:-.5in;\"><b><i><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">10.</font></i></b><font size=\"1\" style=\"font-size:3.0pt;\">                            </font><b><i><font size=\"3\" style=\"font-size:12.0pt;font-style:italic;font-weight:bold;\">Recoupment of Bonuses</font></i></b></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">Any payment of an Objective Bonus, Discretionary Bonus or Aggregate Bonus under this 2018 STIP is subject to recoupment pursuant to the Corporation’s Policy Regarding the Recoupment of Certain Performance-Based Compensation Payments as in effect from time to time, or as otherwise may be required by law and a Participant shall promptly make any reimbursement requested by the Board of Directors or the Committee pursuant to such policy with respect to any such bonuses.  Further, each Participant shall agree, by accepting an Award under the 2018 STIP and executing an Award Agreement, that the Corporation and/or any of its affiliates may deduct from any amounts it may owe the Participant from time to time (such as wages or other compensation) any and all amounts the Participant is required to reimburse the Corporation pursuant to such policy with respect to the Award.</font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" style=\"font-size:12.0pt;\">7</font><a name=\"PB_7_214115_3020\"></a></p>\n<div style=\"margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade align=\"left\" style=\"color:#010101;\"></div>\n</div>\n<!-- SEQ.=1,FOLIO='7',FILE='C:\\jms\\109952\\18-8951-1\\task8802295\\8951-1-ke-03.htm',USER='109952',CD='Mar 23 22:07 2018' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n<div style=\"font-family:Times New Roman;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">EXHIBIT A</font></b></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">2018 STIP</font></b></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"1\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">PERFORMANCE TARGETS AND PAYOUT PERCENTAGES</font></b></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">A.</font></b><font size=\"3\" style=\"font-size:12.0pt;\">        <b>PERFORMANCE TARGETS FOR OBJECTIVE BONUSES</b></font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<div align=\"center\">\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border:none;border-collapse:collapse;width:100.0%;\">\n\n<tr height=\"27\" style=\"height:20.2pt;\">\n<td width=\"33%\" rowspan=\"2\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border:solid windowtext 1.0pt;height:20.2pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:33.56%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Performance <br> Measure</font></b></p> </td>\n<td width=\"66%\" colspan=\"3\" height=\"27\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border:solid windowtext 1.0pt;border-left:none;height:20.2pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:66.44%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Performance Targets</font></b></p> </td> </tr>\n<tr height=\"23\" style=\"height:17.5pt;\">\n<td width=\"22%\" height=\"23\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:17.5pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.76%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Threshold</font></b></p> </td>\n<td width=\"21%\" height=\"23\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:17.5pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:21.4%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Target</font></b></p> </td>\n<td width=\"22%\" height=\"23\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:17.5pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.26%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Maximum</font></b></p> </td> </tr>\n<tr>\n<td width=\"33%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:33.56%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Adjusted EPS - AWR Consolidated</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.76%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">80% Budget</font></p> </td>\n<td width=\"21%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:21.4%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">100% Budget</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.26%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">120% Budget</font></p> </td> </tr>\n<tr>\n<td width=\"33%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:33.56%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Adjusted EPS - Regulated Utilities (RU)</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.76%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">80% Budget</font></p> </td>\n<td width=\"21%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:21.4%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">100% Budget</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.26%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">120% Budget</font></p> </td> </tr>\n<tr>\n<td width=\"33%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:33.56%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Adjusted EPS - ASUS</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.76%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">80% Budget</font></p> </td>\n<td width=\"21%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:21.4%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">100% Budget</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.26%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">130% Budget</font></p> </td> </tr>\n<tr>\n<td width=\"33%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:33.56%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Customer Complaints - RU</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.76%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\"><</font></u><font size=\"2\" style=\"font-size:11.0pt;\"> 0.16%</font></p> </td>\n<td width=\"21%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:21.4%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\"><</font></u><font size=\"2\" style=\"font-size:11.0pt;\"> 0.12%</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.26%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\"><</font></u><font size=\"2\" style=\"font-size:11.0pt;\"> 0.08%</font></p> </td> </tr>\n<tr>\n<td width=\"33%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:33.56%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Customer Complaint Standards - RU </font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.76%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Rate of Complaints to the CAB</font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\"><</font></u><font size=\"2\" style=\"font-size:11.0pt;\"> 0.0275%</font></p> </td>\n<td width=\"21%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:21.4%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Rate of Complaints to the CAB</font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\"><</font></u><font size=\"2\" style=\"font-size:11.0pt;\"> 0.0225%</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.26%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Rate of Complaints to the CAB</font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\"><</font></u><font size=\"2\" style=\"font-size:11.0pt;\"> 0.0175%</font></p> </td> </tr>\n<tr>\n<td width=\"33%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:33.56%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Capital Expenditures - RU</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.76%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">></font></u><font size=\"2\" style=\"font-size:11.0pt;\"> $96.5 million </font></p> </td>\n<td width=\"21%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:21.4%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">></font></u><font size=\"2\" style=\"font-size:11.0pt;\"> $110 million </font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.26%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">></font></u><font size=\"2\" style=\"font-size:11.0pt;\"> $120 million</font></p> </td> </tr>\n<tr>\n<td width=\"33%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:33.56%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Supplier Diversity - RU</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.76%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">></font></u><font size=\"2\" style=\"font-size:11.0pt;\"> 24.5%</font></p> </td>\n<td width=\"21%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:21.4%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">></font></u><font size=\"2\" style=\"font-size:11.0pt;\"> 27.5%</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.26%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">></font></u><font size=\"2\" style=\"font-size:11.0pt;\"> 30.5%</font></p> </td> </tr>\n<tr>\n<td width=\"33%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:33.56%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Safety - Recordable Work Incidents - RU</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.76%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">23</font></p> </td>\n<td width=\"21%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:21.4%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">17</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.26%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">13</font></p> </td> </tr>\n<tr height=\"50\" style=\"height:37.75pt;\">\n<td width=\"33%\" height=\"50\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;height:37.75pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:33.56%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">SOX Deficiencies - RU</font></p> </td>\n<td width=\"22%\" height=\"50\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:37.75pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.76%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">No MW, No SD & No more than 4 CDs</font></p> </td>\n<td width=\"21%\" height=\"50\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:37.75pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:21.4%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">No MW, No SD & No more than 2 CDs</font></p> </td>\n<td width=\"22%\" height=\"50\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:37.75pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.26%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">No MW, No SD & No CD</font></p> </td> </tr>\n<tr>\n<td width=\"33%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:33.56%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">SOX Deficiencies - ASUS</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.76%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">No MW, No SD & No more than 1 CD</font></p> </td>\n<td width=\"21%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:21.4%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">No MW, No SD & No CD</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.26%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">N/A</font></p> </td> </tr>\n<tr height=\"37\" style=\"height:27.85pt;\">\n<td width=\"33%\" height=\"37\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;height:27.85pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:33.56%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Economic Value Added - ASUS</font></p> </td>\n<td width=\"22%\" height=\"37\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:27.85pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.76%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">></font></u><font size=\"2\" style=\"font-size:11.0pt;\"> 100% of EV Goal</font></p> </td>\n<td width=\"21%\" height=\"37\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:27.85pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:21.4%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">></font></u><font size=\"2\" style=\"font-size:11.0pt;\"> 102.8% of EV Goal</font></p> </td>\n<td width=\"22%\" height=\"37\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:27.85pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.26%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">></font></u><font size=\"2\" style=\"font-size:11.0pt;\"> 105.6% of EV Goal</font></p> </td> </tr>\n<tr>\n<td width=\"33%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:33.56%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Construction Revenues - ASUS</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.76%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">></font></u><font size=\"2\" style=\"font-size:11.0pt;\"> 90% of Budget</font></p> </td>\n<td width=\"21%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:21.4%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" color=\"black\" face=\"Times New Roman\" style=\"color:black;font-size:11.0pt;\">></font></u><font size=\"2\" color=\"black\" style=\"color:black;font-size:11.0pt;\"> 100% of Budget</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.26%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" color=\"black\" face=\"Times New Roman\" style=\"color:black;font-size:11.0pt;\">></font></u><font size=\"2\" color=\"black\" style=\"color:black;font-size:11.0pt;\"> 110% of Budget</font></p> </td> </tr>\n<tr height=\"47\" style=\"height:35.5pt;\">\n<td width=\"33%\" height=\"47\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;height:35.5pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:33.56%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Expense Optimization - ASUS</font></p> </td>\n<td width=\"22%\" height=\"47\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:35.5pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.76%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\"><</font></u><font size=\"2\" style=\"font-size:11.0pt;\"> 101% of Budget</font></p> </td>\n<td width=\"21%\" height=\"47\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:35.5pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:21.4%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\"><</font></u><font size=\"2\" style=\"font-size:11.0pt;\"> 98% of Budget</font></p> </td>\n<td width=\"22%\" height=\"47\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:35.5pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.26%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\"><</font></u><font size=\"2\" style=\"font-size:11.0pt;\"> 96% of Budget</font></p> </td> </tr>\n<tr height=\"33\" style=\"height:24.7pt;\">\n<td width=\"33%\" height=\"33\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;height:24.7pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:33.56%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Direct Construction Margin - ASUS</font></p> </td>\n<td width=\"22%\" height=\"33\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:24.7pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.76%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">></font></u><font size=\"2\" style=\"font-size:11.0pt;\"> Budget less 100 basis points</font></p> </td>\n<td width=\"21%\" height=\"33\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:24.7pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:21.4%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">></font></u><font size=\"2\" style=\"font-size:11.0pt;\"> Budget</font></p> </td>\n<td width=\"22%\" height=\"33\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:24.7pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.26%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">></font></u><font size=\"2\" style=\"font-size:11.0pt;\"> Budget plus 100 basis points</font></p> </td> </tr>\n<tr>\n<td width=\"33%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:33.56%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Direct Operating Margin – ASUS</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.76%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">></font></u><font size=\"2\" style=\"font-size:11.0pt;\"> Budget plus 100 basis points</font></p> </td>\n<td width=\"21%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:21.4%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">></font></u><font size=\"2\" style=\"font-size:11.0pt;\"> Budget plus 200 basis points</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.26%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><u><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">></font></u><font size=\"2\" style=\"font-size:11.0pt;\"> Budget plus 300 basis points</font></p> </td> </tr>\n<tr>\n<td width=\"33%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:33.56%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Safety - Recordable Work Incidents - ASUS</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.76%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">13</font></p> </td>\n<td width=\"21%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:21.4%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">10</font></p> </td>\n<td width=\"22%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:22.26%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">7</font></p> </td> </tr> </table>\n</div>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">A-</font><font size=\"3\" style=\"font-size:12.0pt;\">1</font><a name=\"PB_1_220653_2897\"></a></p>\n<div style=\"margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade align=\"left\" style=\"color:#010101;\"></div>\n</div>\n<!-- SEQ.=1,FOLIO='A-1',FILE='C:\\JMS\\107541\\18-8951-1\\task8802677\\8951-1-ke-05.htm',USER='107541',CD='Mar 24 01:35 2018' -->\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n<div style=\"font-family:Times New Roman;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">B.</font></b><font size=\"3\" style=\"font-size:12.0pt;\">        <b>PAYOUT PERCENTAGES FOR PERFORMANCE MEASURES - GSWC ADMINISTRATIVE AND GENERAL OFFICERS</b></font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\" width=\"90%\" style=\"border:none;border-collapse:collapse;width:90.0%;\">\n\n<tr>\n<td width=\"46%\" rowspan=\"2\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border:solid windowtext 1.0pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:46.7%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Performance <br> Measure</font></b></p> </td>\n<td width=\"53%\" colspan=\"3\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border:solid windowtext 1.0pt;border-left:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:53.3%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Payout Percentage</font></b></p> </td> </tr>\n<tr>\n<td width=\"18%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:18.42%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Threshold</font></b></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Target</font></b></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Maximum</font></b></p> </td> </tr>\n<tr>\n<td width=\"46%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:46.7%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Adjusted EPS - AWR Consolidated</font></p> </td>\n<td width=\"18%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:18.42%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">10.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">20.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">35.0%</font></p> </td> </tr>\n<tr>\n<td width=\"46%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:46.7%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Adjusted EPS - Regulated Utilities (RU) </font></p> </td>\n<td width=\"18%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:18.42%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">11.5%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">20.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">29.0%</font></p> </td> </tr>\n<tr>\n<td width=\"46%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:46.7%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Adjusted EPS - ASUS </font></p> </td>\n<td width=\"18%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:18.42%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">5.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">10.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">20.0%</font></p> </td> </tr>\n<tr>\n<td width=\"46%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:46.7%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Customer Complaints - RU</font></p> </td>\n<td width=\"18%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:18.42%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">1.5%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">5.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">7.0%</font></p> </td> </tr>\n<tr>\n<td width=\"46%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:46.7%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Customer Complaint Standards - RU</font></p> </td>\n<td width=\"18%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:18.42%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">1.5%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">5.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">7.0%</font></p> </td> </tr>\n<tr>\n<td width=\"46%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:46.7%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Capital Expenditures - RU</font></p> </td>\n<td width=\"18%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:18.42%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">4.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">10.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">15.0%</font></p> </td> </tr>\n<tr>\n<td width=\"46%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:46.7%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">SOX Deficiencies - RU</font></p> </td>\n<td width=\"18%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:18.42%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">2.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">5.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">7.0%</font></p> </td> </tr>\n<tr>\n<td width=\"46%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:46.7%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">SOX Deficiencies - ASUS</font></p> </td>\n<td width=\"18%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:18.42%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">2.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">5.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">N/A</font></p> </td> </tr>\n<tr>\n<td width=\"46%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:46.7%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Objective Bonus Total</font></p> </td>\n<td width=\"18%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:18.42%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">37.5%</font></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">80.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">120.0%</font></p> </td> </tr>\n<tr>\n<td width=\"46%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:46.7%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Individual Performance Measure<u><br> </u>(Discretionary Bonus)</font></p> </td>\n<td width=\"18%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:18.42%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">12.5%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">20.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">35.0%</font></p> </td> </tr>\n<tr>\n<td width=\"46%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:46.7%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Aggregate Bonus</font></p> </td>\n<td width=\"18%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:18.42%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">50.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">100.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">155.0%</font></p> </td> </tr> </table>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">A-</font><font size=\"3\" style=\"font-size:12.0pt;\">2</font><a name=\"PB_2_220653_3020\"></a></p>\n<div style=\"margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade align=\"left\" style=\"color:#010101;\"></div>\n</div>\n<!-- SEQ.=1,FOLIO='A-2',FILE='C:\\JMS\\107541\\18-8951-1\\task8802677\\8951-1-ke-05.htm',USER='107541',CD='Mar 24 01:35 2018' -->\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n<div style=\"font-family:Times New Roman;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">C.</font></b><font size=\"3\" style=\"font-size:12.0pt;\">        <b>PAYOUT PERCENTAGES FOR PERFORMANCE MEASURES - GSWC OPERATIONS OFFICERS</b></font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\" width=\"90%\" style=\"border:none;border-collapse:collapse;width:90.0%;\">\n\n<tr>\n<td width=\"51%\" rowspan=\"2\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border:solid windowtext 1.0pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:51.06%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Performance <br> Measure</font></b></p> </td>\n<td width=\"48%\" colspan=\"3\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border:solid windowtext 1.0pt;border-left:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:48.94%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Payout Percentage</font></b></p> </td> </tr>\n<tr>\n<td width=\"16%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Threshold</font></b></p> </td>\n<td width=\"16%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Target</font></b></p> </td>\n<td width=\"16%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.3%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Maximum</font></b></p> </td> </tr>\n<tr>\n<td width=\"51%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:51.06%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Adjusted EPS - Regulated Utilities (RU) </font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">20.0%</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">40.0%</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.3%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">60.0%</font></p> </td> </tr>\n<tr>\n<td width=\"51%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:51.06%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Customer Complaints - RU</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">2.0%</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">5.0%</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.3%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">7.0%</font></p> </td> </tr>\n<tr>\n<td width=\"51%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:51.06%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Customer Complaint Standards - RU</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">2.0%</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">5.0%</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.3%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">7.0%</font></p> </td> </tr>\n<tr>\n<td width=\"51%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:51.06%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Capital Expenditures - RU</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">7.5% </font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">15.0%</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.3%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">20.0%</font></p> </td> </tr>\n<tr>\n<td width=\"51%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:51.06%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Supplier Diversity - RU</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">2.0%</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">5.0%</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.3%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">7.0%</font></p> </td> </tr>\n<tr>\n<td width=\"51%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:51.06%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Safety - Recordable Work Incidents - RU</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">2.0%</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">5.0%</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.3%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">7.0%</font></p> </td> </tr>\n<tr height=\"39\" style=\"height:29.25pt;\">\n<td width=\"51%\" height=\"39\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;height:29.25pt;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:51.06%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">SOX Deficiencies - RU</font></p> </td>\n<td width=\"16%\" height=\"39\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:29.25pt;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">2.0%</font></p> </td>\n<td width=\"16%\" height=\"39\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:29.25pt;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">5.0%</font></p> </td>\n<td width=\"16%\" height=\"39\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;height:29.25pt;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.3%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">7.0%</font></p> </td> </tr>\n<tr>\n<td width=\"51%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:51.06%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Objective Bonus Total</font></p> </td>\n<td width=\"16%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">37.5%</font></p> </td>\n<td width=\"16%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">80.0%</font></p> </td>\n<td width=\"16%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.3%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">115.0%</font></p> </td> </tr>\n<tr>\n<td width=\"51%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:51.06%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Individual Performance Measure<br> (Discretionary Bonus)</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">12.5%</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">20.0%</font></p> </td>\n<td width=\"16%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.3%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">35.0%</font></p> </td> </tr>\n<tr>\n<td width=\"51%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:51.06%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Aggregate Bonus</font></p> </td>\n<td width=\"16%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">50.0%</font></p> </td>\n<td width=\"16%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.32%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">100.0%</font></p> </td>\n<td width=\"16%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:16.3%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">150.0%</font></p> </td> </tr> </table>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">A-</font><font size=\"3\" style=\"font-size:12.0pt;\">3</font><a name=\"PB_3_220653_7748\"></a></p>\n<div style=\"margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade align=\"left\" style=\"color:#010101;\"></div>\n</div>\n<!-- SEQ.=1,FOLIO='A-3',FILE='C:\\JMS\\107541\\18-8951-1\\task8802677\\8951-1-ke-05.htm',USER='107541',CD='Mar 24 01:35 2018' -->\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n<div style=\"font-family:Times New Roman;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p style=\"margin:0in 0in .0001pt;\"><b><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;font-weight:bold;\">D.</font></b><font size=\"3\" style=\"font-size:12.0pt;\">        <b>PAYOUT PERCENTAGES FOR PERFORMANCE MEASURES - ASUS</b></font></p>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\" width=\"90%\" style=\"border:none;border-collapse:collapse;width:90.0%;\">\n<tr>\n<td width=\"49%\" rowspan=\"2\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border:solid windowtext 1.0pt;padding:2.9pt 5.75pt 2.9pt 5.75pt;width:49.62%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Performance <br> Measure</font></b></p> </td>\n<td width=\"50%\" colspan=\"3\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border:solid windowtext 1.0pt;border-left:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:50.38%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Payout Percentage</font></b></p> </td> </tr>\n<tr>\n<td width=\"17%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Threshold</font></b></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Target</font></b></p> </td>\n<td width=\"15%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:15.5%;\">\n<p align=\"center\" style=\"margin:2.0pt 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;font-weight:bold;\">Maximum</font></b></p> </td> </tr>\n<tr>\n<td width=\"49%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:49.62%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Adjusted EPS - ASUS </font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">15.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">40.0%</font></p> </td>\n<td width=\"15%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:15.5%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">70.0%</font></p> </td> </tr>\n<tr>\n<td width=\"49%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:49.62%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Economic Value Added - ASUS</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">3.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">6.0%</font></p> </td>\n<td width=\"15%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:15.5%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">12.0%</font></p> </td> </tr>\n<tr>\n<td width=\"49%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:49.62%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Construction Revenues - ASUS</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">3.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">6.0%</font></p> </td>\n<td width=\"15%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:15.5%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">12.0%</font></p> </td> </tr>\n<tr>\n<td width=\"49%\" valign=\"top\" bgcolor=\"white\" style=\"background:white;border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:49.62%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Expense Optimization - ASUS</font></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"white\" style=\"background:white;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">4.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"white\" style=\"background:white;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">6.0%</font></p> </td>\n<td width=\"15%\" valign=\"top\" bgcolor=\"white\" style=\"background:white;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:15.5%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">12.0%</font></p> </td> </tr>\n<tr>\n<td width=\"49%\" valign=\"top\" bgcolor=\"white\" style=\"background:white;border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:49.62%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Direct Construction Margin - ASUS</font></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"white\" style=\"background:white;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">4.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"white\" style=\"background:white;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">6.5%</font></p> </td>\n<td width=\"15%\" valign=\"top\" bgcolor=\"white\" style=\"background:white;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:15.5%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">12.0%</font></p> </td> </tr>\n<tr>\n<td width=\"49%\" valign=\"top\" bgcolor=\"white\" style=\"background:white;border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:49.62%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">SOX Deficiencies - ASUS</font></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"white\" style=\"background:white;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">2.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"white\" style=\"background:white;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">5.0%</font></p> </td>\n<td width=\"15%\" valign=\"top\" bgcolor=\"white\" style=\"background:white;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:15.5%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">N/A</font></p> </td> </tr>\n<tr>\n<td width=\"49%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:49.62%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Direct Operating Margin - ASUS</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">4.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" color=\"black\" face=\"Times New Roman\" style=\"color:black;font-size:11.0pt;\">6.5%</font></p> </td>\n<td width=\"15%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:15.5%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" color=\"black\" face=\"Times New Roman\" style=\"color:black;font-size:11.0pt;\">12.0%</font></p> </td> </tr>\n<tr>\n<td width=\"49%\" valign=\"top\" bgcolor=\"white\" style=\"background:white;border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:49.62%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Safety – Recordable Work Incidents -ASUS</font></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"white\" style=\"background:white;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">2.5%</font></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"white\" style=\"background:white;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" color=\"black\" face=\"Times New Roman\" style=\"color:black;font-size:11.0pt;\">4.0%</font></p> </td>\n<td width=\"15%\" valign=\"top\" bgcolor=\"white\" style=\"background:white;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:15.5%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" color=\"black\" face=\"Times New Roman\" style=\"color:black;font-size:11.0pt;\">5.0%</font></p> </td> </tr>\n<tr>\n<td width=\"49%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:49.62%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Objective Bonus Total</font></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">37.5%</font></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">80.0%</font></p> </td>\n<td width=\"15%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:15.5%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">135.0%</font></p> </td> </tr>\n<tr>\n<td width=\"49%\" valign=\"top\" style=\"border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:49.62%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Individual Performance Measure<br> (Discretionary Bonus)</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">12.5%</font></p> </td>\n<td width=\"17%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">20.0%</font></p> </td>\n<td width=\"15%\" valign=\"top\" style=\"border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:15.5%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">35.0%</font></p> </td> </tr>\n<tr>\n<td width=\"49%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:49.62%;\">\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">Aggregate Bonus</font></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">50.0%</font></p> </td>\n<td width=\"17%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:17.44%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">100.0%</font></p> </td>\n<td width=\"15%\" valign=\"top\" bgcolor=\"#D9D9D9\" style=\"background:#D9D9D9;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:2.9pt 5.4pt 2.9pt 5.4pt;width:15.5%;\">\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:11.0pt;\">170.0%</font></p> </td> </tr> </table>\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"3\" face=\"Times New Roman\" style=\"font-size:12.0pt;\">A-</font><font size=\"3\" style=\"font-size:12.0pt;\">4</font><a name=\"PB_4_220653_141\"></a></p>\n<div style=\"margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade align=\"left\" style=\"color:#010101;\"></div>\n</div>\n<!-- SEQ.=1,FOLIO='A-4',FILE='C:\\JMS\\107541\\18-8951-1\\task8802677\\8951-1-ke-05.htm',USER='107541',CD='Mar 24 01:35 2018' -->\n\n</body>\n</html>\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":75,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1396009/0001193125-24-250653-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1396009/0001193125-24-250653.txt"},"cik":{"kind":"string","value":"1396009"},"name":{"kind":"string","value":"Vulcan Materials CO"},"type":{"kind":"string","value":"8-K"},"filing_date":{"kind":"string","value":"2024-11-04"},"report_date":{"kind":"string","value":"2024-11-04"},"seq":{"kind":"string","value":"3"},"desc":{"kind":"string","value":"EX-10.2"},"doc_type":{"kind":"string","value":"EX-10.2"},"size":{"kind":"string","value":"90006"},"filename":{"kind":"string","value":"d904968dex102.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1396009/000119312524250653/d904968dex102.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/c57ee7c81de8aecaa129434e45f4d1d0140a0156.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2024-11-04\", \"Accepted\": \"2024-11-04 16:31:01\", \"Documents\": \"15\", \"Period of Report\": \"2024-11-04\", \"Items\": \"Item 1.01: Entry into a Material Definitive Agreement\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.2\n<SEQUENCE>3\n<FILENAME>d904968dex102.htm\n<DESCRIPTION>EX-10.2\n<TEXT>\n<HTML><HEAD>\n<TITLE>EX-10.2</TITLE>\n</HEAD>\n <BODY BGCOLOR=\"WHITE\" STYLE=\"line-height:Normal\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"right\"><B>Exhibit 10.2 </B></P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"right\"><B>EXECUTION VERSION </B></P> <P STYLE=\"margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><B>FIFTH\nAMENDMENT TO CREDIT AGREEMENT </B></P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">THIS FIFTH AMENDMENT TO CREDIT AGREEMENT (this “<U>Amendment</U>”) is made and entered into\nas of November 4, 2024, by and among VULCAN MATERIALS COMPANY, a New Jersey corporation (the “<U>Borrower</U>”), the Lenders, and TRUIST BANK, as the Administrative Agent (the “<U>Administrative Agent</U>”). </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><U>W</U> <U>I</U> <U>T</U> <U>N</U> <U>E</U> <U>S</U> <U>S</U> <U>E</U> <U>T</U> <U>H</U> : </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">WHEREAS, the Borrower, the Lenders, and the Administrative Agent are party to that certain Credit Agreement dated as of September 10,\n2020 (as amended, restated, supplemented, or otherwise modified from time to time, the “<U>Credit Agreement</U>”); </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">WHEREAS, the\nBorrower has requested that the Administrative Agent and the Lenders make certain modifications to the Credit Agreement, and the Administrative Agent and the Lenders have agreed to such modifications subject to the terms and conditions set forth\nbelow. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">NOW, THEREFORE, for and in consideration of the above premises and other good and valuable consideration, the receipt and\nsufficiency of which are hereby acknowledged by the parties hereto, the parties hereto hereby covenant and agree as follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">SECTION 1.\n<U>Definitions</U>. Unless otherwise specifically defined herein, each term used herein (and in the preamble and recitals above) which is defined in the Credit Agreement shall have the meaning assigned to such term in the Credit Agreement. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">SECTION 2. <U>Amendments to Credit Agreement</U>. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) <U>Section 1.1</U> of the Credit Agreement is hereby amended by adding the following defined terms thereto in appropriate alphabetical\norder: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Defender</U>” shall mean the “Company”, as defined in the Defender Acquisition Agreement.\n</P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Defender Acquisition</U>” shall mean the acquisition by one or more Subsidiaries of the Borrower of all of\nthe issued and outstanding Equity Interests of Defender and related real estate assets pursuant to the Defender Acquisition Agreement. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Defender Acquisition Agreement</U>” shall mean that certain Purchase Agreement, dated as of the Defender\nAcquisition Agreement Effective Date, among Triangle Rock Products, LLC, a Delaware limited liability company, Vulcan Concrete, LLC, a Delaware limited liability company, Vulcan Lands, Inc., a New Jersey corporation, each of which is a Subsidiary of\nthe Borrower, the Sellers (as defined therein) and Defender, as amended, restated, supplemented or otherwise modified from time to time, subject to Section 4.2(a) of the DDTL Credit Agreement. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Defender Acquisition Agreement Effective Date</U>” shall mean October 2, 2024. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Dogwood</U>” shall mean the “Company”, as defined in the Dogwood Acquisition Agreement. </P>\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Dogwood Acquisition</U>” shall mean the acquisition by one or\nmore Subsidiaries of the Borrower of all of the issued and outstanding Equity Interests of Dogwood pursuant to the Dogwood Acquisition Agreement. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Dogwood Acquisition Agreement</U>” shall mean that certain Agreement and Plan of Merger, dated as of the Dogwood\nAcquisition Agreement Effective Date, among Vulcan Construction Materials, LLC, a Delaware limited liability company, which is a Subsidiary of the Borrower, Dogwood Merger Sub Inc., Dogwood and the Representative (as defined therein), as amended,\nrestated, supplemented or otherwise modified from time to time, subject to Section 4.2(a) of the DDTL Credit Agreement. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Dogwood Acquisition Agreement Effective Date</U>” shall mean September 25, 2024. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Fifth Amendment Effective Date</U>” shall mean November 4, 2024. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Prior DDTL Credit Agreement</U>” shall mean that certain Credit Agreement dated as of June 30, 2021, by and\namong the Borrower, the lenders from time to time party thereto, Truist Bank, as administrative agent, and the other parties thereto, as amended, restated, replaced, supplemented, or otherwise modified from time to time. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(b) The following definitions in <U>Section</U><U></U><U> 1.1</U> of the Credit Agreement are hereby amended so that they read, in their\nentirety, as follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>2007 Indenture</U>” shall mean that certain Senior Debt Indenture dated as of\nDecember 11, 2007, by and among the Borrower and Wilmington Trust Company, a corporation duly organized and existing under the laws of the State of Delaware, as initial trustee (succeeded by Regions Bank, an Alabama banking corporation),\nsupplemented by that certain First Supplemental Indenture, dated as of December 11, 2007, that certain Second Supplemental Indenture, dated as of June 20, 2008, that certain Third Supplemental Indenture dated as of February 3, 2009,\nthat certain Fourth Supplemental Indenture dated as of June 14, 2011, that certain Fifth Supplemental Indenture dated as of March 30, 2015, that certain Sixth Supplemental Indenture dated as of March 14, 2017, that certain Seventh\nSupplemental Indenture dated as of June 15, 2017, that certain Eighth Supplemental Indenture dated as of February 23, 2018, that certain Ninth Supplemental Indenture dated as of May 18, 2020 and that certain Tenth Supplemental\nIndenture dated as of March 3, 2023. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Change in Control</U>” shall mean the occurrence of one or more\nof the following events: (a) any “person” or “group” (within the meaning of Sections 13(d) and 14(d) of the SEA), becomes the beneficial owner (as defined in Rule <FONT STYLE=\"white-space:nowrap\">13d-3</FONT> under the SEA),\ndirectly or indirectly, of 30%, or more, of the Equity Interests of the Borrower having the right to vote for the election of members of the board of directors of the Borrower; (b) as of any date a majority of the board of directors of the\nBorrower consists (other than vacant seats) of individuals who were not either (i) directors of the Borrower as of the Fifth Amendment Effective Date, (ii) selected, nominated or approved to become directors by the board of directors of\nthe Borrower of which a majority consisted of individuals described in clause (i), or (iii) selected or nominated to become directors by the board of directors of the Borrower of which a majority consisted of individuals described in clause\n(i) and individuals described in clause (ii), or (c) any “change of control” occurs under any document evidencing any Indebtedness of any Credit Party with an outstanding principal amount in excess of $250,000,000, other than any\n“change of control” resulting from any “dead hand proxy put” provision. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>DDTL Credit\nAgreement Effective Date</U>” shall mean November 4, 2024. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">2 </P>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Letter of Credit Commitment</U>” shall mean, as of any date of\ndetermination, the obligation of the Issuing Banks to issue Letters of Credit. As of the Fifth Amendment Effective Date, the Letter of Credit Commitment is $250,000,000. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Letter of Credit Issuance Limit</U>” shall mean with respect to each Issuing Bank, the amount set forth opposite\nthe name of such Issuing Bank on <U>Schedule 1.1(d)</U> or any lesser amount to be agreed to in writing among such Issuing Bank, the Borrower, and the Administrative Agent. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Material Subsidiary</U>” shall mean any Subsidiary of the Borrower that is not an Immaterial Subsidiary;\nprovided that no Foreign Subsidiary shall be a Material Subsidiary unless it is a borrower or guarantor of, or otherwise obligated under, any Indebtedness for borrowed money not described in Section 7.11(a). </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Maturity Date</U>” shall mean the earlier to occur of (a) November 4, 2029 or, with respect to a\nLender, such later date to which such Lender has agreed pursuant to Section 2.16 and (b) such earlier date as payment of the Loans in full shall be due (whether by acceleration or otherwise).<U> </U> </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Revolving Commitment Percentage</U>” shall mean, with respect to each Lender, the percentage equivalent of the\nratio which such Lender’s portion of the Revolving Loan Commitment bears to the Revolving Loan Commitment (as each may be adjusted from time to time as provided herein); <U>provided</U>, that if the Revolving Loan Commitment has terminated or\nexpired, the Revolving Commitment Percentages shall be determined based upon the Revolving Loan Commitment most recently in effect, giving effect to any assignments. As of the Fifth Amendment Effective Date, the Revolving Commitment Percentage of\neach Lender is as set forth (together with Dollar amount thereof) on <U>Schedule 1.1(a)</U>. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Revolving Loan\nCommitment</U>” shall mean, as of any date of determination, the several obligations of the Lenders to make advances to the Borrower, in accordance with their respective Revolving Commitment Percentages. As of the Fifth Amendment Effective\nDate, the Revolving Loan Commitment is $1,600,000,000. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>S&P</U>” shall mean S&P Global Ratings, a\ndivision of S&P Global Inc., and any successor thereto. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Sanctioned Country</U>” shall mean, at any\ntime, a country, region or territory that is, or whose government is, the subject or target of any Sanctions (which as of the Fifth Amendment Effective Date includes the <FONT STYLE=\"white-space:nowrap\">so-called</FONT> Donetsk People’s\nRepublic, the <FONT STYLE=\"white-space:nowrap\">so-called</FONT> Luhansk People’s Republic and the Crimea, Zaporizhzhia and Kherson Regions of Ukraine, Cuba, Iran, North Korea and Syria). </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>Sanctions</U>” shall mean economic or financial sanctions or trade embargoes imposed, administered or enforced\nfrom time to time by (a) the U.S. government, including those administered by OFAC or the U.S. Department of State, (b) the United Nations Security Council, the European Union or His Majesty’s Treasury of the United Kingdom or\n(c) any other relevant sanctions authority. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">“<U>USCR Acquisition Agreement</U>” shall mean that certain\nAgreement and Plan of Merger, dated as of the USCR Acquisition Agreement Effective Date, among the Borrower, Grizzly Merger Sub I, Inc. and USCR, as amended, restated, supplemented, or otherwise modified from time to time, subject to\nSection 4.2(a) of the Prior DDTL Credit Agreement. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">3 </P>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(c) Section 1.1 of the Credit Agreement is hereby amended by deleting the definitions for\n“Flood Insurance Laws”, “ISDA Definitions”, “USCR 2024 Notes” and “USCR 2029 Notes”. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(d)\n<U>Clause (b)</U> of the definition of “Permitted Liens” in <U>Section</U><U></U><U> 1.1</U> of the Credit Agreement is hereby amended so that it reads, in its entirety, as follows: </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(b) Liens for taxes, assessments, judgments, governmental charges or levies, or claims not yet delinquent or the <FONT\nSTYLE=\"white-space:nowrap\">non-payment</FONT> of which is being diligently contested in good faith by appropriate proceedings and for which adequate reserves (in accordance with GAAP) have been accrued so long as the unpaid taxes, interest and\npenalties secured by such Liens do not exceed $250,000,000 in the aggregate; </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(e) <U>Clause (g)</U> of the definition of\n“Permitted Liens” in <U>Section</U><U></U><U> 1.1</U> of the Credit Agreement is hereby amended so that it reads, in its entirety, as follows: </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(g) Liens on assets of the Borrower and its Subsidiaries existing as of the Fifth Amendment Effective Date which are set forth\non <U>Schedule 1.1(b)</U>; </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(f) <U>Clause (n)</U> of the definition of “Permitted Liens” in\n<U>Section</U><U></U><U> 1.1</U> of the Credit Agreement is hereby amended so that it reads, in its entirety, as follows: </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(n) Liens securing Indebtedness that is assumed in connection with a Permitted Acquisition; provided that (i) such\nIndebtedness is not created in contemplation of such Permitted Acquisition and (ii) the aggregate principal amount of such Indebtedness shall not exceed $100,000,000 at any time; </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(g) <U>Clause (a)</U> of the definition of “Pro Forma Basis” in <U>Section</U><U></U><U> 1.1</U> of the Credit Agreement\nis hereby amended so that it reads, in its entirety, as follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) Permitted Acquisitions, the USCR Acquisition, the\nDefender Acquisition and the Dogwood Acquisition; </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(h) Section 2.2(a) of the Credit Agreement is hereby amended so that it reads, in its\nentirety, as follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) Subject to the terms and conditions of this Agreement, each Issuing Bank, on behalf of the\nLenders, and in reliance on the agreements of the Lenders set forth in Section 2.2(c) below, hereby agrees to issue one or more Letters of Credit, from time to time on any Business Day prior to the date that is thirty (30) days prior to\nthe Maturity Date, up to an aggregate face amount equal to the Letter of Credit Issuance Limit; provided, however, that, (i) except as described in the last sentence of Section 4.2, the Issuing Bank shall not issue any Letter of Credit\nunless the conditions precedent to the issuance thereof set forth in Section 4.2 have been satisfied and (ii) the aggregate face amount of all Letters of Credit outstanding at any time shall not exceed the Letter of Credit Commitment. Each\nLetter of Credit shall (i) be denominated in Dollars, and (ii) expire no later than the earlier to occur of (A) the date ten (10) days prior to the Maturity Date, and (B) one year after its date of issuance (but may contain\nprovisions for automatic renewal provided that no Default or Event of Default exists on the renewal date or would be caused by such renewal and provided that no such renewal shall extend beyond the date ten (10) days prior to the Maturity\nDate). Unless otherwise agreed by the Issuing Bank and the Borrower when a Letter of Credit is issued or amended, (i) for each Standby Letter of Credit, the rules of the International Standby Practices, International Chamber of Commerce\nPublication No. 590, or any subsequent revision or restatement thereof adopted by the International Chamber of </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">4 </P>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman\">\nCommerce and in use by the Issuing Bank, shall apply and (ii) for each Commercial Letter of Credit, the rules of the Uniform Customs and Practice for Documentary Credits, International\nChamber of Commerce Publication No. 600, or any subsequent revision or restatement thereof adopted by the International Chamber of Commerce and in use by the Issuing Bank, shall apply. The Issuing Bank shall not at any time be obligated to\nissue, or cause to be issued, any Letter of Credit if such issuance would conflict with, or cause the Issuing Bank to exceed any limits imposed by, any Applicable Law. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) <U>Section 2.3(a)</U> of the Credit Agreement is hereby amended so that it reads, in its entirety, as follows: </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) <U>Choice of Interest Rate, etc</U>. Any Loan (excluding Swing Loans) shall, at the option of the Borrower, be made either\nas a Base Rate Loan or as a SOFR Loan; provided, however, that (i) if the Borrower fails to give the Administrative Agent written notice specifying whether a SOFR Loan is to be repaid, continued or converted on a Payment Date, the Borrower\nshall be deemed to have elected to continue such Loan as a SOFR Loan having an Interest Period of one (1) month in accordance with Section 2.4(a)(iii) and (ii) the Borrower may not select a SOFR Loan (A) with respect to a Loan,\nthe proceeds of which are to reimburse the Issuing Bank pursuant to Section 2.2 or (B) if, at the time of such Loan or at the time of the continuation of, or conversion to, a SOFR Loan pursuant to Section 2.3(c), an Event of Default\nexists unless the Required Lenders so consent in writing. Any notice given to the Administrative Agent in connection with a requested Loan hereunder shall be given to the Administrative Agent prior to 12:00 noon (Charlotte, North Carolina time) in\norder for such Business Day or U.S. Government Securities Business Day to count toward the minimum number of Business Days or U.S. Government Securities Business Day, as applicable, required. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(j) <U>Section 2.3(c)(ii)</U> of the Credit Agreement is hereby amended so that it reads, in its entirety, as follows: </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(ii) <U>Repayments, Continuations and Conversions</U>. At least three (3) U.S. Government Securities Business Days prior\nto each Payment Date for a SOFR Loan, the Borrower shall give the Administrative Agent written notice in the form of a Notice of Conversion/Continuation specifying whether all or a portion of such SOFR Loan is to be continued as one or more new SOFR\nLoans and also specifying the new Interest Period applicable to each such new SOFR Loan (and subject to the provisions of this Agreement, upon such Payment Date, such SOFR Loan shall be so continued). Upon such Payment Date, any SOFR Loan (or\nportion thereof) not so continued shall be deemed continued as a SOFR Loan having an Interest Period of one (1) month. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(k) Section\n2.4(a)(iii) of the Credit Agreement is hereby amended so that it reads, in its entirety, as follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(iii) <U>If No\nNotice of Selection of Interest Rate</U>. If the Borrower fails to give the Administrative Agent timely notice of its selection of the Base Rate or the Adjusted Term SOFR, or if for any reason a determination of the Adjusted Term SOFR for any Loan\nis not timely concluded, the Base Rate shall apply to such Loan. If the Borrower fails to elect to continue any SOFR Loan prior to the last Payment Date applicable thereto in accordance with the provisions of Section 2.3, as applicable, the\nBorrower shall be deemed to have elected to continue such Loan as a SOFR Loan having an Interest Period of one (1) month. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">5 </P>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(l) <U>Section 2.16(a)</U> of the Credit Agreement is hereby amended so that it reads, in\nits entirety, as follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) After the first anniversary of the Fifth Amendment Effective Date, but at least forty-five\n(45) days prior to the Maturity Date then in effect, the Borrower may, by written notice to the Administrative Agent, request that the Maturity Date then in effect be extended by one calendar year, effective as of a date selected by the\nBorrower (the “<U>Extension Effective Date</U>”); <U>provided</U>, that (i) the Borrower may only make one such request in any calendar year and no more than two such requests during the term of this Agreement (following the Fifth\nAmendment Effective Date) and (ii) the Extension Effective Date shall be at least forty-five (45) days, but not more than sixty (60) days, after the date such extension request is received by the Administrative Agent (the\n“<U>Extension Request Date</U>”). Upon receipt of the extension request, the Administrative Agent shall promptly notify each Lender of such request. If a Lender agrees, in its sole discretion, to so extend the Maturity Date applicable to\nits Revolving Loan Commitment (an “<U>Extending Lender</U>”), it shall deliver to the Administrative Agent a written notice of its agreement to do so no later than fifteen (15) days after the Extension Request Date (or such later date\nto which the Borrower and the Administrative Agent shall agree), and the Administrative Agent shall promptly thereafter notify the Borrower of such Extending Lender’s agreement to extend the Maturity Date applicable to such Lender’s\nRevolving Loan Commitment (and such agreement shall be irrevocable). The Revolving Loan Commitment of any Lender that fails to accept or respond to the Borrower’s request for an extension of the Maturity Date (a “<U>Declining\nLender</U>”) shall be terminated on the Maturity Date then in effect for such Lender (without regard to any extension by other Lenders) and on such Maturity Date the Borrower shall pay in full the Revolving Loans owing to such Declining Lender,\ntogether with all accrued interest thereon and all accrued Commitment Fees and Letter of Credit fees owing to such Declining Lender under this Agreement and (to the extent that such Declining Lender shall cease to be a Lender under this Agreement as\nof such date) all other amounts due to such Declining Lender under this Agreement. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(m) <U>Section 5.1(a)</U> of the Credit Agreement is\nhereby amended so that it reads, in its entirety, as follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) <U>Organization; Power; Qualification</U>. The Borrower\nand each Material Subsidiary (i) is a corporation, partnership, limited liability company or other business entity duly organized, validly existing, and in good standing under the laws of its jurisdiction of incorporation or formation,\n(ii) has the corporate or other company power and authority to own or lease and operate its properties and to carry on its business as now being and hereafter proposed to be conducted, except where the failure to do so could not reasonably be\nexpected to have a Materially Adverse Effect and (iii) is duly qualified and is in good standing as a foreign corporation or other company, and authorized to do business, in each jurisdiction in which the character of its properties or the\nnature of its business requires such qualification or authorization, except where the failure to so qualify or be authorized to do business could not reasonably be expected to have a Materially Adverse Effect. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(n) <U>Section 5.1(c)</U> of the Credit Agreement is hereby amended so that it reads, in its entirety, as follows: </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(c) <U>Partnerships; Joint Ventures; Subsidiaries.</U> Except as disclosed on <U>Schedule 5.1(c)</U>, the Borrower has no\nSubsidiaries as of the Fifth Amendment Effective Date. <U>Schedule 5.1(c)</U> sets forth, for each Person set forth thereon and, with respect to clause (ii) below, the Borrower, a complete and accurate statement of (i) the percentage\nownership of each such Person by the Borrower or applicable Subsidiary of the Borrower as of the Fifth Amendment Effective Date and (ii) the state or other jurisdiction of incorporation or formation, as appropriate, of each such Person as of\nthe Fifth Amendment Effective Date. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">6 </P>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(o) <U>Section 5.1(i)</U> of the Credit Agreement is hereby amended so that it reads, in its\nentirety, as follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) <U>Financial Statements</U>. The Credit Parties have furnished, or caused to be furnished, to\nthe Lenders audited consolidated financial statements of the Borrower and its Subsidiaries for the fiscal year ended on or about December 31, 2023, including the balance sheets and income and cash flow statements, prepared by independent\ncertified public accountants of recognized national standing which are complete and correct in all material respects and present fairly in accordance with GAAP the financial position of the Borrower and its consolidated Subsidiaries as of such\ndates, as applicable, and the results of operations for the fiscal years then ended, as applicable. Except as disclosed in such financial statements, neither the Borrower nor any consolidated Subsidiary has any material liabilities, contingent or\notherwise, and there are no material unrealized or anticipated losses of the Borrower or any consolidated Subsidiary which have not heretofore been disclosed in writing to the Lenders. The Borrower and its Subsidiaries maintain reserves to the\nextent required by GAAP for future costs associated with any retiree and health care benefits, any reclamation and any other potential claims under Environmental Laws or Mining Laws. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(p) <U>Section 5.1(j)</U> of the Credit Agreement is hereby amended so that it reads, in its entirety, as follows: </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(j) <U>No Adverse Change</U>. Since December 31, 2023, there has occurred no event which has had or could reasonably be\nexpected to have a Materially Adverse Effect. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(q) <U>Section 5.1(o)</U> of the Credit Agreement is hereby amended so that it reads, in\nits entirety, as follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(o) <U>Casualties; Taking of Properties, etc</U>. Since December 31, 2023, neither the\nbusiness nor the properties of the Borrower and its Material Subsidiaries has been affected as a result of any fire, explosion, earthquake, flood, drought, windstorm, accident, strike or other labor disturbance, embargo, requisition or taking of\nproperty or cancellation of contracts, permits or concessions by any domestic or foreign government or any agency thereof, riot, activities of armed forces, or acts of God or of any public enemy in a manner that could reasonably be expected to have\na Materially Adverse Effect. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(r) <U>Section 5.1(t)(ii)</U> of the Credit Agreement is hereby amended so that it reads, in its entirety,\nas follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(ii) As of the Fifth Amendment Effective Date, except as set forth on <U>Schedule 5.1(t)</U>, neither the\nBorrower nor any Material Subsidiary has received from any Governmental Authority any complaint, or notice of violation, alleged violation, investigation or advisory action or notice of potential liability regarding matters of environmental\nprotection or permit compliance under applicable Environmental Laws or Mining Laws with regard to the Properties, nor is the Borrower or any Material Subsidiary aware that any such notice is pending, including, without limitation, any such notice in\nrespect of the reclamation, or alleged need for reclamation, of any current or former Property, except, in each case, which could not reasonably be expected to have a Materially Adverse Effect. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">7 </P>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(s) <U>Section 5.2</U> of the Credit Agreement is hereby amended so that it reads, in its\nentirety, as follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">Section 5.2 <U>Survival of Representations and Warranties, etc</U>. All representations and\nwarranties made under this Agreement and the other Loan Documents shall be deemed to be made, and shall be true and correct in all material respects (provided that if any representation or warranty already includes a materiality or material adverse\neffect qualifier, such representation or warranty shall be true and correct in all respects), at and as of the Closing Date and (other than the representations and warranties set forth in Sections 5.1(j) and 5.1(k)) the date of each Loan or Letter\nof Credit hereunder, except to the extent made with respect to a specific, earlier date, in which case such representation and warranty shall have been true and correct in all material respects (provided that if any representation or warranty\nalready includes a materiality or material adverse effect qualifier, such representation or warranty shall be true and correct in all respects) as of such earlier date. All representations and warranties made under this Agreement and the other Loan\nDocuments shall survive, and not be waived by, the execution hereof by the Lender Group, or any of them, any investigation or inquiry by any member of the Lender Group, or the making of any Loan or the issuance of any Letter of Credit under this\nAgreement. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(t) <U>Section 6.17</U> of the Credit Agreement is hereby deleted in its entirety. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(u) <U>Section 7.2(b)</U> of the Credit Agreement is hereby amended so that it reads, in its entirety, as follows: </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(b) Investments in existence on the Fifth Amendment Effective Date and described on <U>Schedules 5.1(c)</U> and <U>7.2</U>;\n</P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(v) <U>Section 7.4(c)</U> of the Credit Agreement is hereby amended so that it reads, in its entirety, as follows: </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(c) No Credit Party will, nor will it permit any of its Material Subsidiaries to, make any Acquisition except for Permitted\nAcquisitions, the USCR Acquisition, the Defender Acquisition and the Dogwood Acquisition. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(w) <U>Section 7.6</U> of the Credit Agreement\nis hereby amended so that it reads, in its entirety, as follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">Section 7.6 <U>Restrictive Agreements</U>. No\nCredit Party will, nor will it permit any of its Material Subsidiaries to, directly or indirectly, enter into after the Closing Date any agreement that prohibits, restricts or imposes any condition upon (a) its ability to create, incur or\npermit any Lien upon any of its assets, or (b) the ability of any of its Subsidiaries to pay dividends or other distributions with respect to its Equity Interests, to make or repay loans or advances to any Credit Party, to Guarantee\nIndebtedness of any Credit Party or to transfer any of its assets to any Credit Party; provided that (i) the foregoing shall not apply to restrictions or conditions imposed by (A) law, (B) this Agreement or any other Loan Document or\n(C) the DDTL Credit Agreement or any other Loan Document (as defined in the DDTL Credit Agreement), in each case with respect to this clause (C), as in effect on the DDTL Credit Agreement Effective Date, (ii) the foregoing shall not apply\nto (A) customary restrictions and conditions contained in agreements relating to the sale of a Subsidiary or assets pending such sale, provided such restrictions and conditions apply only to the Subsidiary or the assets being sold and such sale\nis permitted hereunder or (B) customary restrictions and conditions contained in agreements with depositaries, securities intermediaries and other financial institutions relating to accounts maintained by a Credit Party or a Material\nSubsidiary, (iii) clause (a) shall not apply to restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by this Agreement if such restrictions and conditions apply only to the assets securing such\nIndebtedness, (iv) clause (a) shall not apply to customary provisions in leases restricting the assignment thereof and (v) clauses (a) and (b) shall not apply to Indebtedness incurred after the Closing Date so long as restrictions\ncontained in such Indebtedness are not more restrictive, taken as a whole, than the restrictions in the 2007 Indenture as in effect on the Fifth Amendment Effective Date. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">8 </P>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(x) <U>Section 7.10</U> of the Credit Agreement is hereby amended so that it reads, in its\nentirety, as follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">Section 7.10 <U>Financial Covenant</U>. The Borrower shall not permit the Total Leverage<B>\n</B>Ratio as of the last day of any fiscal quarter to be greater than 3.50 to 1.00; <U>provided</U>, that if the Borrower or any Subsidiary consummates an Acquisition for which the Acquisition Consideration is $75,000,000 or greater, then the\nmaximum Total Leverage Ratio as of the last day of the four (4) fiscal quarters ending thereafter (including the fiscal quarter in which such Acquisition occurred) shall be 4.00 to 1.00. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(y) <U>Section 7.11</U> of the Credit Agreement is hereby amended so that it reads, in its entirety, as follows: </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">Section 7.11 <U>Priority Indebtedness</U>. The Borrower will not permit any Subsidiary to create, incur, assume, suffer\nto exist or be obligated under any Indebtedness for borrowed money (as a borrower, guarantor or otherwise), other than (a) intercompany Indebtedness owed by any Subsidiary of the Company to the Company or any other Subsidiary of the Company,\n(b) [reserved], (c) [reserved] and (d) other Indebtedness in an amount not to exceed $100,000,000 in the aggregate outstanding at any time, unless the Borrower shall have, prior to or concurrent with the incurrence of such Indebtedness, caused\nsuch Subsidiary to guarantee the Obligations and become a Credit Party hereunder by entering into a guaranty and joinder agreement in form and substance reasonably acceptable to the Administrative Agent and delivering such other documentation\n(including customary certificates, resolutions and legal opinions) and taking such other actions as reasonably requested by the Administrative Agent in connection with such guaranty; provided that no Foreign Subsidiary shall be required to provide\nsuch guaranty if doing so would reasonably be expected to result in material adverse tax consequences to the Borrower and its Subsidiaries. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(z) <U>Section 8.1(i)</U> of the Credit Agreement is hereby amended so that it reads, in its entirety, as follows: </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) One or more judgments, orders or awards (excluding any amounts paid or covered by insurance as to which the insurance\ncompany has not disputed coverage) shall be entered by any court against the Borrower or any Material Subsidiary for the payment of money which exceeds, together with all such other judgments, orders, or awards, $250,000,000 in the aggregate, or\n(ii) a warrant of attachment or execution or similar process shall be issued or levied against property of the Borrower or any Material Subsidiary pursuant to any judgment which, together with all other property of the Borrower and its\nSubsidiaries subject to other such processes, exceeds $250,000,000 in the aggregate, excluding any amounts paid or covered by insurance as to which the insurance company has not disputed coverage; or </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(aa) <U>Section 8.1(j)</U> of the Credit Agreement is hereby amended so that it reads, in its entirety, as follows: </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(j) one or more ERISA Events shall have occurred that, in the opinion of the Required Lenders, could reasonably be expected\nto, individually or in the aggregate, result in a payment obligation of the Borrower or any ERISA Affiliate in an amount exceeding $250,000,000; or </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">9 </P>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(bb) <U>Section 8.1(k)</U> of the Credit Agreement is hereby amended so that it reads, in\nits entirety, as follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(k) (i) any event or condition shall occur which results in the acceleration of the maturity of\nIndebtedness of the Borrower or any Material Subsidiary (other than the Obligations) in excess of $250,000,000 (individually or in the aggregate with other Indebtedness) or (ii) failure to make any payment beyond the applicable grace period, if\nany (whether scheduled maturity, required prepayment, acceleration, demand or otherwise) in respect of any Indebtedness of the Borrower or any Material Subsidiary (other than the Obligations) in excess of $250,000,000 (individually or in the\naggregate with other Indebtedness) or (iii) the Borrower or any Material Subsidiary shall default under any Hedge Transaction which results in a payment obligation of the Borrower or any Material Subsidiary in excess of $250,000,000; or </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(cc) <U>Section 10.1</U> of the Credit Agreement is hereby amended to update the notice information with respect to Womble Bond Dickinson (US)\nLLP as follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:39%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">Womble Bond Dickinson (US) LLP </P>\n<P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:39%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">301 S. College Street, Suite 3500 </P>\n<P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:39%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">Charlotte, NC 28202 6050 </P>\n<P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:39%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">Attn: Sid Shenoy, Esq. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(dd) <U>Section 10.17(a)</U> of the Credit Agreement is hereby amended so that it reads, in its entirety, as follows: </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) No member of the Lender Group shall disclose any material <FONT STYLE=\"white-space:nowrap\">non-public</FONT> confidential\ninformation (“MNPI”) regarding the Credit Parties or their Subsidiaries without the consent of the Borrower, other than (i) to any Related Party of any member of the Lender Group (it being understood that such Related Parties will be\ninformed of the confidential nature of such information and instructed to keep such information confidential), (ii) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (iii) to the extent\nrequested by any regulatory agency or authority purporting to have jurisdiction over it (including any self-regulatory authority such as the National Association of Insurance Commissioners), (iv) to the extent that such information becomes publicly\navailable other than as a result of a breach of this Section, or which becomes available to it on a <FONT STYLE=\"white-space:nowrap\">non-confidential</FONT> basis from a source other than the Credit Parties or any of their Subsidiaries, (v) in\nconnection with the exercise of any remedy hereunder or under any other Loan Documents or any suit, action or proceeding relating to this Agreement or any other Loan Documents or the enforcement of rights hereunder or thereunder, (vi) to any\nassignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement (subject to the acknowledgment and acceptance by such assignee or participant that such MNPI is being disseminated\non a confidential basis (on substantially the terms set forth in this paragraph) in accordance with the standard processes of the Administrative Agent or customary market standards for dissemination of such type of information (including\n“click-through” agreements), (vii) on a confidential basis to any rating agency and (viii) on a confidential basis to the CUSIP Service Bureau or any similar organization. For the avoidance of doubt, nothing herein prohibits any\nindividual from communicating or disclosing information regarding suspected violations of laws, rules, or regulations to a governmental, regulatory, or self-regulatory authority. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">10 </P>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(ee) <U>Section 10.20</U> of the Credit Agreement is hereby amended so that it reads, in its\nentirety, as follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">Section 10.20. <U>No Advisory or Fiduciary Responsibility</U>. In connection with all aspects\nof each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each Credit Party acknowledges and agrees that: (a) (i) the arranging and other services\nregarding this Agreement provided by the Lender Group members and their respective Affiliates are <FONT STYLE=\"white-space:nowrap\">arm’s-length</FONT> commercial transactions between such Credit Party and its Affiliates, on the one hand, and\nthe Lender Group members and their respective Affiliates, on the other hand, (ii) such Credit Party has consulted its own legal, accounting, regulatory, and tax advisors to the extent it has deemed appropriate, and (iii) such Credit Party\nis capable of evaluating, and understands and accepts, the terms, risks, and conditions of the transactions contemplated hereby and by the other Loan Documents; (b) (i) each of the Lender Group members and its respective Affiliates is and has\nbeen acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent, or fiduciary for any Credit Party or any of its Affiliates, or any other Person\nand (B) no Lender Group member or any of its respective Affiliates has any obligation to any Credit Party or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in\nthe other Loan Documents; and (c) each of the Lender Group members and its respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of such Credit Party and its Affiliates, and no\nLender Group member or any of its Affiliates has any obligation to disclose any of such interests to such Credit Party or its Affiliates. To the fullest extent permitted by law, each Credit Party hereby waives and releases any claims that it may\nhave against each of the Lender Group members or any of its respective Affiliates with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(ff) <U>Section 12.4</U> of the Credit Agreement is hereby amended so that it reads, in its entirety, as follows: </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">Section 12.4 <U>[Reserved]</U>. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(gg) <U>Schedule 1.1(a)</U> of the Credit Agreement is hereby amended and restated in its entirety as set forth on <U>Schedule 1.1(a)</U>\nattached hereto and made a part hereof. The Revolving Loan Commitments of each of the Lenders immediately prior to the effectiveness of this Amendment shall be reallocated among the Lenders such that, immediately after the effectiveness of this\nAmendment, the Revolving Loan Commitments of each Lender shall be as set forth on <U>Schedule 1.1(a)</U> attached hereto. In order to effect such reallocations, assignments shall be deemed to be made among the Lenders in such amounts as may be\nnecessary, and with the same force and effect as if such assignments were evidenced by the applicable Assignment and Acceptance (but without the payment of any related assignment fee), and no other documents, instruments or actions shall be required\nin connection with such assignments, other than recordation in the Register or as the Administrative Agent may reasonably require. Further, to effect the foregoing, each Lender agrees to make such settlements in respect of any outstanding Loans and\nLetters of Credit, either directly or through the Administrative Agent, as the Administrative Agent may direct or approve, such that after giving effect to this Amendment, each Lender holds Loans and participations in respect of Letters of Credit\nequal to its Revolving Commitment Percentage (after giving effect to this Amendment) of all such Loans and Letters of Credit. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">11 </P>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(hh) <U>Schedule 1.1(b)</U>, <U>Schedule 5.1(c)</U>, <U>Schedule 5.1(t)</U> and <U>Schedule\n7.2</U> of the Credit Agreement are hereby amended and restated in their entirety as set forth on <U>Schedule 1.1(b)</U>, <U>Schedule 5.1(c)</U>, <U>Schedule 5.1(t)</U> and <U>Schedule 7.2</U>, respectively, attached hereto and made a part hereof.\n</P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(ii) The Credit Agreement is hereby amended to add a new <U>Schedule 1.1(d)</U>, as set forth on Schedule 1.1(d) attached hereto and made\na part hereof. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">SECTION 3. <U>Representations and Warranties</U>. The Borrower hereby represents and warrants to the Administrative Agent\nand the Lenders as follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) Each of the representations and warranties made by the Borrower in or pursuant to the Loan Documents is\ntrue and correct in all material respects (or, if any such representation or warranty already includes a materiality or material adverse effect qualifier, such representation or warranty is true and correct in all respects) on and as of the date\nhereof as if made on and as of such date except to the extent that such representations and warranties relate to an earlier date, in which case such representation and warranty was true and correct in all material respects (or, if any such\nrepresentation or warranty already includes a materiality or material adverse effect qualifier, such representation or warranty was true and correct in all respects) as of such earlier date. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(b) As of the date hereof there exists no Default or Event of Default and immediately after giving effect to this Amendment there will exist\nno Default or Event of Default. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(c) The Borrower has the power and is duly authorized to enter into, deliver, and perform this Amendment.\n</P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(d) This Amendment is the legal, valid, and binding obligation of the Borrower enforceable against the Borrower in accordance with its\nterms, except to the extent that the enforceability hereof may be limited by applicable bankruptcy, insolvency, reorganization or similar laws affecting the enforcement of creditor’s rights generally or by general principles of equity\n(regardless of whether such enforcement is considered in a proceeding in equity or at law). </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">SECTION 4. <U>Conditions Precedent</U>. This\nAmendment shall become effective only upon satisfaction of each of the following conditions: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) the receipt by the Administrative Agent\nof this Amendment duly executed by each of the Borrower, the Administrative Agent and each Lender;<B> </B> </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(b) the receipt by the\nAdministrative Agent of each of the following, in form and substance satisfactory to the Administrative Agent: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman\">(i) a customary legal\nopinion of Womble Bond Dickinson (US) LLP, counsel to the Borrower, addressed to the Lender Group, covering the transactions contemplated by this Amendment and the Loan Documents entered into in connection herewith; </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">12 </P>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman\">(ii) a certificate signed by an Authorized Signatory of the Borrower, including a\ncertificate of incumbency with respect to each Authorized Signatory of the Borrower, together with appropriate attachments which shall include the following: (A) a copy of the certificate of incorporation of the Borrower certified to be true,\ncomplete and correct by the Secretary of State (or relevant equivalent office) of the State of the Borrower’s incorporation, (B) a true, complete and correct copy of the bylaws of the Borrower, (C) a true, complete and correct copy of\nthe resolutions (including, without limitation, board resolutions and shareholder resolutions, as applicable) of the Borrower authorizing the execution, delivery and performance by the Borrower of this Amendment and the Loan Documents entered into\nin connection herewith and authorizing borrowing under the Credit Agreement as amended by this Amendment, and (D) a certificate of good standing, existence, or similar appellation from the jurisdiction in which the Borrower is incorporated and,\nto the extent failure to be so qualified in any other jurisdiction could reasonably be expected to have a Materially Adverse Effect, foreign qualifications in those jurisdictions in which the Borrower is required to be qualified to do business;\n<U>provided</U> that if a document referenced in clause (A) or (B) was previously delivered in connection with the Credit Agreement or not required to be delivered in connection with the Credit Agreement, then delivery of such document shall\nnot be required so long as the Borrower delivers an officer’s certificate certifying that no changes have been made to such document, and such document remains in full force and effect; and </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman\">(iii) an officer’s certificate executed by a Financial Officer of the Borrower certifying the solvency of the Borrower as of the Fifth\nAmendment Effective Date; </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman\">(iv) the DDTL Credit Agreement, duly executed by the Borrower, the Lenders and the Administrative Agent (each\nas defined therein); </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(c) the receipt by the Administrative Agent of all documentation and information required by any Governmental\nAuthority under any applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act; and </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(d) the Borrower shall have paid to the Administrative Agent all costs, fees, and expenses owed by the Borrower to the Administrative Agent\nand the Lenders due and payable on or prior to the date hereof, including, without limitation, fees and expenses of counsel to the Administrative Agent. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">SECTION 5. <U>Miscellaneous Terms</U>. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) <U>Loan Document</U>. For avoidance of doubt, the Borrower, the Lenders, and the Administrative Agent hereby acknowledge and agree that\nthis Amendment is a Loan Document. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(b) <U>Effect of Amendment</U>. Except as set forth expressly hereinabove, all terms of the Credit\nAgreement and the other Loan Documents shall be and remain in full force and effect, and shall constitute the legal, valid, binding, and enforceable obligations of the Borrower, except to the extent that the enforceability thereof may be limited by\napplicable bankruptcy, insolvency, reorganization or similar laws affecting the enforcement of creditor’s rights generally or by general principles of equity (regardless of whether such enforcement is considered in a proceeding in equity or at\nlaw). </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">13 </P>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(c) <U>No Novation or Mutual Departure</U>. The Borrower expressly acknowledges and agrees\nthat (i) there has not been, and this Amendment does not constitute or establish, a novation with respect to the Credit Agreement or any of the other Loan Documents, or a mutual departure from the strict terms, provisions, and conditions\nthereof, other than with respect to the amendments contained in <U>Section</U><U></U><U> 2</U> above, and (ii) nothing in this Amendment shall affect or limit the Administrative Agent’s or any Lender’s right to demand payment of\nliabilities owing from the Borrower to the Administrative Agent or the Lender under, or to demand strict performance of the terms, provisions, and conditions of, the Credit Agreement and the other Loan Documents, to exercise any and all rights,\npowers, and remedies under the Credit Agreement or the other Loan Documents or at law or in equity, or to do any and all of the foregoing, immediately at any time after the occurrence of a Default or an Event of Default under the Credit Agreement or\nthe other Loan Documents. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(d) <U>Ratification</U>. The Borrower hereby restates, ratifies, and reaffirms all of its obligations and\ncovenants set forth in the Credit Agreement and the other Loan Documents to which it is party effective as of the date hereof. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(e)\n<U>Claims</U>. To induce the Administrative Agent and the Lenders to enter into this Amendment and to continue to make advances pursuant to the Credit Agreement (subject to the terms and conditions thereof), the Borrower hereby acknowledges and\nagrees that, as of the date hereof, and after giving effect to the terms hereof, there exists no right of offset, defense, counterclaim, claim, or objection in favor of the Borrower or arising out of or with respect to any of the Loans or other\nobligations of the Borrower owed to the Administrative Agent and the Lenders under the Credit Agreement or any other Loan Document. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(f)\n<U>Release</U>. In consideration of the agreements contained herein, the Borrower hereby waives and releases each of the Lender Group members and their respective directors, partners, officers, employees and agents, from any and all claims and\ndefenses, known or unknown as of the date of this Amendment, with respect to the Credit Agreement, the other Loan Documents and the transactions contemplated thereby on or before the date of this Amendment. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(g) <U>Counterparts</U>. This Amendment may be executed in any number of counterparts and by different parties hereto in separate\ncounterparts, each of which when so executed and delivered shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same instrument. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(h) <U>Fax or Other Transmission</U>. Delivery by one or more parties hereto of an executed counterpart of this Amendment via facsimile,\ntelecopy, or other electronic method of transmission pursuant to which the signature of such party can be seen (including, without limitation, Adobe Corporation’s Portable Document Format) shall have the same force and effect as the delivery of\nan original executed counterpart of this Amendment. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) <U>Recitals Incorporated Herein</U>. The preamble and the recitals to this\nAmendment are hereby incorporated herein by this reference. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(j) <U>Section References</U>. Section titles and references used in this\nAmendment shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreements among the parties hereto evidenced hereby. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">14 </P>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(k) <U>Further Assurances</U>. The Borrower agrees to take, at the Borrower’s expense,\nsuch further actions as the Administrative Agent shall reasonably request from time to time to evidence the amendments set forth herein and the transactions contemplated hereby. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(l) <U>Governing Law</U>. This Amendment shall be governed by and construed and interpreted in accordance with the internal laws of the State\nof New York but excluding any principles of conflicts of law or other rule of law that would cause the application of the law of any jurisdiction other than the laws of the State of New York. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(m) <U>Severability</U>. Any provision of this Amendment which is prohibited or unenforceable shall be ineffective to the extent of such\nprohibition or unenforceability without invalidating the remaining provisions hereof in that jurisdiction or affecting the validity or enforceability of such provision in any other jurisdiction. </P>\n<P STYLE=\"margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">[SIGNATURES ON FOLLOWING PAGES] </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">15 </P>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\"><B>IN WITNESS WHEREOF</B>, the parties hereto have caused this Amendment to be duly executed\nby their respective authorized officers as of the day and year first above written. </P> <P STYLE=\"font-size:12pt;margin-top:0pt;margin-bottom:0pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n\n<TD WIDTH=\"47%\"></TD>\n\n<TD VALIGN=\"bottom\"></TD>\n<TD></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"3%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"47%\"></TD></TR>\n\n\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"><B>BORROWER:</B></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" COLSPAN=\"3\"><B>VULCAN MATERIALS COMPANY</B>, as the Borrower</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">By:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\">/s/ Ryan A. Hall</P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Name: Ryan A. Hall</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Title: Vice President and Treasurer</TD></TR>\n</TABLE> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"right\">[VULCAN – FIFTH AMENDMENT TO CREDIT AGREEMENT] </P>\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n\n<TD WIDTH=\"47%\"></TD>\n\n<TD VALIGN=\"bottom\"></TD>\n<TD></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"3%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"47%\"></TD></TR>\n\n\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\"><B>ADMINISTRATIVE AGENT AND LENDERS:</B></P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" COLSPAN=\"3\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\"><B>TRUIST BANK</B>, as the Administrative Agent, an Issuing Bank and a\nLender</P></TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">By:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\">/s/ Jason Hembree</P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Name: Jason Hembree</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Title: Director</TD></TR>\n</TABLE>\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <DIV ALIGN=\"right\">\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n\n<TD WIDTH=\"7%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"92%\"></TD></TR>\n\n\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"><B>WELLS FARGO BANK, N.A.</B>, as an Issuing Bank and a Lender</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">By:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\">/s/ Andrew Payne</P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Name: Andrew Payne</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Title: Managing Director</TD></TR>\n</TABLE></DIV>\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <DIV ALIGN=\"right\">\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n\n<TD WIDTH=\"7%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"92%\"></TD></TR>\n\n\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"><B>U.S. BANK NATIONAL ASSOCIATION</B>, as an Issuing Bank and a Lender</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">By:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\">/s/ Heather Thoma</P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Name: Heather Thoma</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Title: Vice President</TD></TR>\n</TABLE></DIV>\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <DIV ALIGN=\"right\">\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n\n<TD WIDTH=\"7%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"92%\"></TD></TR>\n\n\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"><B>BANK OF AMERICA, N.A.</B>, as an Issuing Bank and a Lender</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">By:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\">/s/ Bruce Clark</P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Name: Bruce Clark</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Title: Senior Vice President</TD></TR>\n</TABLE></DIV>\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <DIV ALIGN=\"right\">\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n\n<TD WIDTH=\"7%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"92%\"></TD></TR>\n\n\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\"><B>REGIONS BANK</B>, as an Issuing Bank and a Lender</P></TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">By:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\">/s/ Cheryl L. Shelhart</P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Name: Cheryl L. Shelhart</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Title: Managing Director</TD></TR>\n</TABLE></DIV>\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <DIV ALIGN=\"right\">\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n\n<TD WIDTH=\"7%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"92%\"></TD></TR>\n\n\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\"><B>GOLDMAN SACHS BANK USA</B>, as a Lender</P></TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">By:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\">/s/ Dana Siconolfi</P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Name: Dana Siconolfi</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Title: Authorized Signatory</TD></TR>\n</TABLE></DIV>\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <DIV ALIGN=\"right\">\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n\n<TD WIDTH=\"7%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"92%\"></TD></TR>\n\n\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\"><B>THE NORTHERN TRUST COMPANY</B>, as a Lender</P></TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">By:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\">/s/ Kimberly A. Crotty</P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Name: Kimberly A. Crotty</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Title: Senior Vice President</TD></TR>\n</TABLE></DIV>\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <DIV ALIGN=\"right\">\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n\n<TD WIDTH=\"7%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"92%\"></TD></TR>\n\n\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\"><B>FIRST HORIZON BANK</B>, as a Lender</P></TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">By:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\">/s/ K. Lebron Womack</P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Name: K. Lebron Womack</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Title: Senior Vice President</TD></TR>\n</TABLE></DIV>\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\"> </p>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <DIV ALIGN=\"right\">\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n\n<TD WIDTH=\"7%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"92%\"></TD></TR>\n\n\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"><B>SOUTHSTATE BANK, N.A.</B>, successor in interest by merger to <B>ATLANTIC CAPITAL BANK, N.A.</B>, as an exiting Lender</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">By:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\">/s/ Brandon R. Wienke</P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Name: Brandon R. Wienke</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Title: Senior Vice President, Middle Market</TD></TR>\n</TABLE></DIV>\n</DIV></Center>\n\n</BODY></HTML>\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":76,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1320695/0001193125-18-050783-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1320695/0001193125-18-050783.txt"},"cik":{"kind":"string","value":"1320695"},"name":{"kind":"string","value":"TreeHouse Foods, Inc."},"type":{"kind":"string","value":"8-K"},"filing_date":{"kind":"string","value":"2018-02-21"},"report_date":{"kind":"string","value":"2018-02-20"},"seq":{"kind":"string","value":"3"},"desc":{"kind":"string","value":"EX-10.2"},"doc_type":{"kind":"string","value":"EX-10.2"},"size":{"kind":"string","value":"74886"},"filename":{"kind":"string","value":"d516278dex102.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1320695/000119312518050783/d516278dex102.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/4ff27072333d21194df102eade1f66f14aa1b029.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2018-02-21\", \"Accepted\": \"2018-02-20 21:47:32\", \"Documents\": \"4\", \"Period of Report\": \"2018-02-20\", \"Items\": \"Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.2\n<SEQUENCE>3\n<FILENAME>d516278dex102.htm\n<DESCRIPTION>EX-10.2\n<TEXT>\n<HTML><HEAD>\n<TITLE>EX-10.2</TITLE>\n</HEAD>\n <BODY BGCOLOR=\"WHITE\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"right\"><B>Exhibit 10.2 </B></P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><B>AMENDED AND RESTATED EMPLOYMENT AGREEMENT </B></P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “<B><I>Agreement</I></B>”),<B> </B>dated as of February 20, 2018, is made\nby and between TREEHOUSE FOODS, INC., a Delaware corporation (the “<B><I>Company</I></B>”),<B> </B>and Thomas E. O’Neill (the <B>“</B><B><I>Executive</I></B><B>”</B>). </P>\n<P STYLE=\"margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><B>WITNESSETH: </B></P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">WHEREAS,\nExecutive possesses the skills and experience necessary to serve as the Company’s Executive Vice President, General Counsel, Chief Administrative Officer and Corporate Secretary and as a member of its management team; and </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">WHEREAS, in light of these skills and experience, the Company desires to secure the services of Executive, and is willing to enter into this\nAgreement embodying the terms of the employment of Executive by the Company; </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">WHEREAS, Executive is party to an Employment Agreement with\nthe Company dated January 27, 2005, as amended (the “<B><I>Prior Agreement</I></B>”); </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">WHEREAS, it is desirable to amend and\nrestate the Prior Agreement; </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">NOW, THEREFORE, in consideration of the mutual covenants herein contained, the Company and Executive hereby\nagree as follows: </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">1. <B>Employment</B>. Upon the terms and subject to the conditions of this Agreement and, unless\nearlier terminated as provided in Section 6, the Company hereby employs Executive and Executive hereby accepts employment by the Company for the period commencing on the date hereof (the “<B><I>Commencement Date</I></B>”)<B> </B>and\nending on the first (1<SUP STYLE=\"font-size:85%; vertical-align:top\">st</SUP>) anniversary of the Commencement Date;<B> </B>provided, however, that the term of this Agreement shall automatically be extended for one (1) additional year on each\nsubsequent anniversary of the Commencement Date unless not less than ninety (90) days prior to such anniversary date, either party shall give the other written notice that he or it does not want the term to extend as of such anniversary date.\nThe period during which Executive is employed pursuant to this Agreement shall be referred to herein as the “<B><I>Employment Period</I></B>.” </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">2. <B>Position and Duties</B>. During the Employment Period, Executive shall serve as the Executive Vice President,\nGeneral Counsel, Chief Administrative Officer and Corporate Secretary of the Company and in such other position or positions with the Company and its majority-owned subsidiaries consistent with the foregoing position as the Board of Directors of the\nCompany (the “<B><I>Board</I></B>”)<B> </B>may specify or the Company and Executive may mutually agree upon from time to time. During the Employment Period, Executive shall have the duties, responsibilities and obligations customarily\nassigned to individuals at comparable publicly-traded companies serving in the position or positions in which Executive serves hereunder. Executive shall devote substantially all of his business time to the services required of him hereunder, except\nfor vacation time and reasonable periods of absence due to sickness, personal injury or other disability, and shall perform such services to the best of his abilities. Subject to the provisions of Section 7, nothing herein shall preclude\nExecutive from (i) engaging in charitable activities and community affairs, (ii) managing his personal investments and affairs, or (iii) serving on the board of directors or other governing body of any corporate or other business\nentity, so long as such service is not in violation of the covenants contained in Section 7 or the governance principles established for the Company by the Board, as in effect from time to time; provided that in no event may such activities,\neither individually or in the aggregate, materially interfere with the proper performance of Executive’s duties and responsibilities hereunder. </P>\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">3. <B>Place of Performance</B>. The Company has its headquarters office in\nthe Chicago, Illinois metropolitan area (currently, Oak Brook, Illinois) at which Executive shall have his principal office. </P>\n<P STYLE=\"margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">4. <B>Compensation</B>. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) <B>Base Salary</B>. During the Employment Period, the Company shall pay Executive a base salary at\nthe annual rate of $559,715. The Board shall review Executive’s base salary no less frequently than annually and may increase such base salary in its discretion. The amount of annual base salary payable under this Section 4(a) shall be\nreduced, however, to the extent Executive elects to defer such salary under the terms of any deferred compensation or savings plan or arrangement maintained or established by the Company or any of its subsidiaries. Executive’s annual base\nsalary payable hereunder, including any increased annual base salary, without reduction for any amounts deferred as described above, is referred to herein as “<B><I>Base Salary</I></B>” .<B> </B>The Company shall pay Executive the portion\nof his Base Salary not deferred in accordance with its standard payroll practices as in effect from time to time, but no less frequently than in equal monthly installments. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(b) <B>Incentive Compensation</B>. For each full calendar year during the Employment Period, Executive\nshall be eligible to receive an annual incentive bonus from the Company, with a target bonus opportunity of not less than ninety percent (90%) of his Base Salary which will be payable, if at all, upon the achievement by Executive and/or the Company\nof performance objectives to be established by the Board in consultation with the Company’s Chief Executive Officer and communicated to Executive during the first quarter of such year (the “<B><I>Incentive Compensation</I></B>”).<B>\n</B>Without limiting the generality of the foregoing, the actual amount payable to Executive in respect of the Incentive Compensation may be more or less than the targeted opportunity (including zero) based on the actual results against the <FONT\nSTYLE=\"white-space:nowrap\">pre-established</FONT> performance objectives. Such Incentive Compensation shall be paid at such time and in such manner as set forth in the relevant underlying annual incentive compensation plan document, as in effect\nfrom time to time. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">2 </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">5. <B>Benefits, Perquisites and Expenses</B>. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) <B>Benefits</B>. During the Employment Period, Executive shall be eligible to participate in: </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) each welfare benefit plan sponsored or maintained by the Company for its executive officers,\nincluding, without limitation, each group life, hospitalization, medical, dental, health, accident or disability insurance or similar plan or program of the Company; and </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(ii) each pension, profit sharing, retirement, deferred compensation or savings plan sponsored or\nmaintained by the Company for its executive officers, </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman\">in each case, whether now existing or established hereafter, in accordance with the\ngenerally applicable provisions thereof, as the same may be amended from time to time. Nothing contained herein shall be construed to limit the Company’s ability to amend, suspend, or terminate any employee benefit plan or policy at any time\nand for any reason without providing Executive notice, and the right to do so is expressly reserved. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(b) <B>Perquisites</B>. During the Employment Period, Executive shall be entitled to receive such\nperquisites as are generally provided to other executive officers of the Company in accordance with the then current policies, practices and underlying program of the Company. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(c) <B>Business Expenses</B>. During the Employment Period, the Company shall pay or reimburse Executive\nfor all reasonable expenses incurred or paid by Executive in the performance of Executive’s duties hereunder, upon presentation of expense statements or vouchers and such other information as the Company may require and payable or reimbursable\nin accordance with the generally applicable policies and procedures of the Company. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(d) <B>Indemnification</B>. The Company agrees that if Executive is made a party, or is threatened to be\nmade a party, to any action, suit or proceeding, whether civil, criminal, administrative or investigative (a “<B><I>Proceeding</I></B>”),<B> </B>by reason of the fact that he is or was a director, officer or employee of the Company or any\nsubsidiary or affiliate thereof, or is or was serving at the request of the Company as a director, officer, member, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, including, in each case, service\nwith respect to employee benefit plans, whether or not the basis of such Proceeding is Executive’s alleged action in an official capacity while serving as a director, officer, member, employee or agent, Executive shall be indemnified and held\nharmless by the Company to the fullest extent legally permitted or authorized by the Company’s certificate of incorporation or <FONT STYLE=\"white-space:nowrap\">by-laws</FONT> or resolutions of the Board or, if greater, by the laws of the State\nof Delaware, against all cost, expense, liability and loss (including, without limitation, attorney’s fees, judgments, fines or penalties and amounts paid or to be paid in settlement) reasonably incurred or suffered by Executive in connection\ntherewith, and such indemnification shall continue as to Executive even if he has ceased to be a director, officer, member, employee or agent of the Company or other entity and shall inure to the benefit of Executive’s heirs, executors and\nadministrators. If Executive serves as a director, officer, member, partner, employee or agent of another corporation, partnership, joint venture, limited liability company, trust or other enterprise (including, in each case, service with respect to\nemployee benefit plans) which is a subsidiary or affiliate of the Company, it shall be presumed for purposes of this Section 5(d) that Executive serves or served in such capacity at the request of the Company. The Company shall advance to\nExecutive all reasonable costs and expenses incurred by him in connection with a Proceeding within thirty (30) days after receipt by the Company of a written request for such advance. Such request shall include an undertaking by Executive to\nrepay the amount of such advance, if it shall ultimately be determined that he is not entitled to be indemnified against such costs and expenses. The Company agrees to continue and maintain a directors’ and officers’ liability insurance\npolicy covering Executive to the extent the Company provides such coverage for its other executive officers or directors. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">3 </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">6. <B>Termination of Employment</B>. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) <B>Early Termination of the Employment Period</B>. Notwithstanding Section 1, the Employment\nPeriod shall end upon the earliest to occur of: </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) a termination of Executive’s employment on\naccount of Executive’s death; </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(ii) a Termination due to Disability; </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(iii) a Termination for Cause; </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(iv) a Termination Without Cause; </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(v) a Termination for Good Reason; </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(vi) a Termination due to Retirement; or </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(vii) a Voluntary Termination. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(b) <B>Termination Due to Death or Disability</B>. In the event that Executive’s employment\nhereunder terminates due to his death or as a result of a Termination due to Disability (as defined below), no termination benefits shall be payable to or in respect of Executive except as provided in Section 6(e). For purposes of this\nAgreement, “<B><I>Termination due to Disability</I></B>” means a termination of Executive’s employment upon written notice from the Company because Executive has been incapable, regardless of any reasonable accommodation by the\nCompany, of substantially fulfilling the positions, duties, responsibilities and obligations set forth in this Agreement because of physical, mental or emotional incapacity resulting from injury, sickness or disease for a period of more than: </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) four (4) consecutive months; or </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">4 </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(ii) an aggregate of six (6) months in any twelve\n(12) month period. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman\">Any question as to the existence or extent of Executive’s disability upon which Executive and the Company\ncannot agree shall be determined by a qualified, independent physician jointly selected by the Company and Executive. If the Company and Executive cannot agree on the physician to make the determination, then the Company and Executive shall each\nselect a physician and those physicians shall jointly select a third physician, who shall make the determination. The determination of any such physician shall be final and conclusive for all purposes of this Agreement. Executive or his legal\nrepresentative or any adult member of his immediate family shall have the right to present to such physician such information and arguments as to Executive’s disability as he, she or they deem appropriate, including the opinion of\nExecutive’s personal physician. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(c) <B>Termination by the Company</B>. The Company may\nterminate Executive’s employment with the Company for Cause or without Cause. A “<B><I>Termination Without Cause</I></B>” shall include the Company’s notice, pursuant to Section 1 above, of its intent not to extend the term\nof this Agreement as of the next following anniversary date of the Commencement Date. “<B><I>Termination for Cause</I></B>”<B> </B>means a termination of Executive’s employment by the Company due to Cause.\n“<B><I>Cause</I></B>”<B> </B>means: </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) Executive’s conviction of a felony or the\nentering by Executive of a plea of <I>nolo contendere</I> to a felony charge; </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(ii) Executive’s\ngross neglect or willful and intentional gross misconduct in the performance of, or willful, substantial and continual refusal by Executive in breach of this Agreement to perform, the duties, responsibilities or obligations assigned to Executive\npursuant to the terms hereof; </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(iii) any material breach by Executive of Section 7 of this\nAgreement; or </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(iv) a material breach by Executive of the Code of Ethics applicable to the\nCompany’s employees, as in effect from time to time; provided, however, that no act or omission shall constitute Cause for purposes of this Agreement unless the Board provides Executive, within ninety (90) days of the Board learning of\nsuch act or acts or failure or failures to act: </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(A) written notice of the intention to terminate\nhim for Cause, which notice states in detail clearly and fully the particular act or acts or failure or failures to act that constitute the grounds on which the Board reasonably believes in good faith constitutes Cause; and </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(B) an opportunity, within thirty (30) days following Executive’s receipt of such notice, to\nmeet in person with the Board to explain or defend the alleged act or acts or failure or failures to act relied upon by the Board and, to the extent such cure is possible, to cure such act or acts or failure or failures to act. If such conduct is\ncured to the reasonable satisfaction of the Board, such notice of termination shall be revoked. Further, no act or acts or failure or failures to act shall be considered “willful” or “intentional” if taken in good faith and\nExecutive reasonably believed such act or acts or failure or failures to act were in the best interests of the Company. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">5 </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(d) <B>Termination by Executive</B>. Executive may\nterminate his employment with the Company for Good Reason, for Retirement or in a Voluntary Termination. A “<B><I>Termination for Good Reason</I></B>”<B> </B>by Executive means a termination of Executive’s employment by Executive\nwithin ninety (90) days following: </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) a reduction in Executive’s annual Base Salary or\ntarget Incentive Compensation opportunity; </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(ii) the failure to elect or reelect Executive to any of\nthe positions described in Section 2 above or the removal of him from any such position; </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(iii) a material reduction in Executive’s duties and responsibilities or the assignment to\nExecutive of duties and responsibilities which are materially inconsistent with his duties or which materially impair Executive’s ability to function in the position specified in Section 2; </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(iv) a material breach of any material provision of this Agreement by the Company; or </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(v) the failure by the Company to obtain the assumption agreement referred to in Section 8(b) of\nthis Agreement prior to the effectiveness of any succession referred to therein, unless the purchaser, successor or assignee referred to therein is bound to perform this Agreement by operation of law. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman\">Notwithstanding the foregoing, a termination shall not be treated as a Termination for Good Reason: </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(A) if Executive shall have consented in writing to the occurrence of the event giving rise to the claim\nof Termination for Good Reason; or </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(B) unless Executive shall have delivered a written notice to\nthe Board within sixty (60) days of the initial occurrence of one of such events stating that he intends to terminate his employment for Good Reason and specifying the factual basis for such termination, and such event, if capable of being\ncured, shall not have been cured within thirty (30) days of the receipt of such notice. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">6 </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman\">A “<B><I>Termination due to Retirement</I></B>” means Executive’s voluntary\ntermination of employment after having: </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(I) completed at least five (5) years of service with\nthe Company; and </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(II) the sum of the Executive’s attained age and length of service with the\nCompany is at least 62 (or such lower number as the Board shall permit). </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman\">A “<B><I>Voluntary Termination</I></B>”<B> </B>shall\nmean a termination of employment by Executive that is not a Termination for Good Reason, a Termination due to Retirement or a Termination due to Disability, and which occurs on the ninetieth (90th) day after Executive shall have given the Company\nwritten notice of his intent to terminate his employment (or as of such later date as Executive shall specify in such notice). </P>\n<P STYLE=\"margin-top:18pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(e) <B>Payments and Benefits Upon Certain Terminations</B>. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) In the event of the termination of Executive’s employment for any reason (including a Voluntary\nTermination), Executive shall be entitled to any Earned Compensation (as defined below) owed to Executive but not yet paid and the Vested Benefits (as defined below). </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(ii) Except as provided in Section 6(e)(iii), in the event the Employment Period ends by reason of\na Termination Without Cause or a Termination for Good Reason, Executive shall receive the Basic Payment (as defined in subparagraph (v)(A) of this paragraph (e) immediately below). </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(iii) In lieu of the Basic Payment, in the event the Employment Period ends by reason of a Termination\nWithout Cause or a Termination for Good Reason within the 24 month period immediately following a Change of Control, Executive shall receive the Special Payment (as defined in subparagraph (v)(E) of this paragraph (e) immediately below). </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(iv) In the event of a Termination due to Disability, a Termination Without Cause or a Termination for\nGood Reason, Executive shall be entitled to continued participation in all medical, dental, hospitalization and life insurance coverage in which he was participating on the Date of Termination until the earlier of: </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(A) the last day of the second (2<SUP STYLE=\"font-size:85%; vertical-align:top\">nd</SUP>) full taxable\nyear of Executive following the Date of Termination (or, in the event Executive receives the Special Payment, the last day of the third (3<SUP STYLE=\"font-size:85%; vertical-align:top\">rd</SUP>) full taxable year of Executive following the Date of\nTermination); </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(B) Executive’s death (provided that benefits provided to Executive’s\nspouse and dependents shall not terminate upon Executive’s death); or </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">7 </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(C) the date, or dates, he receives equivalent coverage\nand benefits under the plans and programs of a subsequent employer (such coverages and benefits to be determined on a <FONT STYLE=\"white-space:nowrap\"><FONT STYLE=\"white-space:nowrap\">coverage-by-coverage,</FONT></FONT> or <FONT\nSTYLE=\"white-space:nowrap\"><FONT STYLE=\"white-space:nowrap\">benefit-by-benefit</FONT></FONT> basis). </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman\">If the Executive’s coverage\nterminates due to something other than Clauses (A), (B) or (C) above, the Company shall provide Executive with a lump sum payment equal to the number of remaining months of coverage to which he is entitled times an amount equal to the then\napplicable premium for the relevant benefit plan in which Executive participated. Such lump sum amount will be paid during the second month (2<SUP STYLE=\"font-size:85%; vertical-align:top\">nd</SUP>) following the month in which such coverage\nexpires. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman\">Notwithstanding the foregoing, if the benefits provided under this Section 6(e)(iv) would violate the nondiscrimination\nrules under Section 105(h) of the Internal Revenue Code of 1986, as amended (the “<B><I>Code</I></B>”) and the related regulations and guidance promulgated thereunder, or result in the imposition of penalties under Section 105(h)\nof the Code, the parties agree to reform this Section 6(e)(iv) in a manner as is necessary to comply with Section 105(h) of the Code and the related regulations and guidance promulgated thereunder. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(v) <B>Certain Definitions</B>. For purposes of this Section 6, capitalized terms have the\nfollowing meanings. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(A) “<B><I>Basic Payment</I></B>”<B> </B>means an amount equal to:\n</P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:17%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(I) two (2) times the annual Base Salary that is currently payable to Executive immediately\nprior to the end of the Employment Period (or in the event a reduction in Base Salary is the basis for a Termination for Good Reason, then the Base Salary in effect immediately prior to such reduction) with such amount being paid in a lump sum\npayment no later than thirty (30) days following the termination event; and </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:17%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(II) two\n(2) times<I> </I>the Target Incentive Compensation (as defined in subparagraph (v)(F) of this paragraph (e) immediately below) for the calendar year in which the Employment Period ends pursuant to Section 6(a), with such Target\nIncentive Compensation being paid no later than thirty (30) days following the termination event. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:17%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(III) Notwithstanding anything herein to the contrary, to the extent that the thirty (30) day\nperiod referenced in Sections 6(e)(v)(A)(I) and (II) span two (2) calendar years, the applicable payment will be paid in all events in the latter calendar year. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">8 </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(B) “<B><I>Change of Control</I></B>” means the\noccurrence of any of the following events: (a) any “person” (as such term is used in Section 13(d) of the Exchange Act, but specifically excluding the Company, any wholly-owned subsidiary of the Company and/or any employee\nbenefit plan maintained by the Company or any wholly-owned subsidiary of the Company) becomes the “beneficial owner” (as determined pursuant to Rule <FONT STYLE=\"white-space:nowrap\">13d-3</FONT> under the Exchange Act), directly or\nindirectly, of securities of the Company representing thirty percent (30%) or more of the combined voting power of the Company’s then outstanding securities; or (b) individuals who currently serve on the Board, or whose election to the\nBoard or nomination for election to the Board was approved by a vote of at least <FONT STYLE=\"white-space:nowrap\">two-thirds</FONT> (2/3) of the directors who either currently serve on the Board, or whose election or nomination for election was\npreviously so approved (excluding for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or\nthreatened solicitation of proxies or consents by or on behalf of a person other than the Board, including, without limitation, any settlement thereof), cease for any reason to constitute a majority of the Board; or (c) the Company or any\nsubsidiary of the Company shall merge with or consolidate into any other corporation, other than a merger or consolidation which would result in the holders of the voting securities of the Company outstanding immediately prior thereto holding\nimmediately thereafter securities representing more than sixty percent (60%) of the combined voting power of the voting securities of the Company or such surviving entity (or its ultimate parent, if applicable) outstanding immediately after such\nmerger or consolidation; or (d) the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets and such a\nsale or disposition is consummated. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(C) “<B><I>Date of Termination</I></B><B>”\n</B>means: </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:17%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(I) if Executive’s employment is terminated by his death, the date of his death;\nand </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:17%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(II) if Executive’s employment is terminated for any other reason, the date specified in\na notice of termination delivered to Executive by the Company (or if no such date is specified, the date such notice is delivered). </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(D) “<B><I>Earned Compensation</I></B><B>” </B>means the sum of: </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:17%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(I) any Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on\nwhich the Employment Period ends pursuant to Section 6(a) paid in a lump sum no later than fifteen (15) days following the end of the Employment Period; </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">9 </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:17%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(II) any annual Incentive Compensation payable for\nservices rendered in the calendar year preceding the calendar year in which the Employment Period ends that has not been paid on or prior to the date the Employment Period ends (other than (1) Base Salary and (2) Incentive Compensation\ndeferred pursuant to Executive’s election) and paid at the time all other executives are paid with respect to the preceding calendar year in accordance with the underlying incentive plan terms and conditions; </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:17%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(III) any accrued but unused vacation days paid in accordance with the underlying program terms and\nconditions; and </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:17%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(IV) any business expenses incurred on or prior to the date of the\nExecutive’s termination that are eligible for reimbursement in accordance with the Company’s expense reimbursement policies as then in effect. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(E) “<B><I>Special Payment</I></B>” means an amount equal to three times the sum of\n(a) the annual Base Salary payable to Executive immediately prior to the end of the Employment Period (or in the event a reduction in Base Salary is the basis for a Termination for Good Reason, then the Base Salary in effect immediately prior\nto such reduction) and (b) the Target Incentive Compensation for the calendar year in which the Employment Period ends pursuant to Section 6(a), with such amount being paid in a lump sum payment no later than thirty (30) days\nfollowing the termination event. Notwithstanding anything herein to the contrary, to the extent that such thirty (30) day period spans two (2) calendar years, the applicable payment will be paid in all events in the latter calendar year.\n</P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(F) “<B><I>Target Incentive Compensation</I></B><B>”</B> means with respect to any\ncalendar year, the annual Incentive Compensation Executive would have been entitled to receive under Section 4(b) for such calendar year had he remained employed by the Company for the entire calendar year and assuming that all targets for such\ncalendar year had been met. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(G) “<B><I>Vested Benefits</I></B><B>” </B>means amounts\nwhich are vested or which Executive is otherwise entitled to receive under the terms of or in accordance with any plan, policy, practice or program of, or any contract or agreement with, the Company or any of its subsidiaries, at or subsequent to\nthe date of his termination without regard to the performance by Executive of further services or the resolution of a contingency and payable in accordance with the terms of the plan, policy, practice, program, contract or agreement under which such\nbenefits have accrued. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(f) <B>Resignation upon Termination</B>. Effective as of any Date of\nTermination under this Section 6, Executive shall resign, in writing, from all positions then held by him with the Company and its affiliates (including, but not limited to, any positions as a fiduciary of any employee benefit plans of the\nCompany and its affiliates). </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">10 </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(g) <B>Parachute Excise Tax—No <FONT\nSTYLE=\"white-space:nowrap\">Gross-Up</FONT> Payment; Possible Reduction of Payments.</B> </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) If it\nis determined that any amount or benefit to be paid or payable to Executive under this Agreement or otherwise in conjunction with Executive’s employment would give rise to liability of Executive for the excise tax imposed by Section 4999\nof the Code, as amended from time to time, or any successor provision (the “<B><I>Excise Tax</I></B>”), then the amount or benefits payable to Executive (the total value of such amounts or benefits, the “<B><I>Payments</I></B>”)\nshall be reduced by the Company to the extent necessary so that no portion of the Payments to Executive is subject to the Excise Tax; provided, however, such reduction shall be made only if it results in Executive retaining a greater amount of\nPayments on an <FONT STYLE=\"white-space:nowrap\">after-tax</FONT> basis (taking into account the Excise Tax and applicable federal, state, and local income and payroll taxes). In the event Payments are required to be reduced pursuant to this\nSection 6(g), they shall be reduced in the following order of priority in a manner consistent with Section 409A of the Code: (A) first from cash compensation, (B) next from equity compensation, then\n<FONT STYLE=\"white-space:nowrap\">(C) pro-rata</FONT> among all remaining Payments and benefits. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(ii) The independent public accounting firm serving as the Company’s auditing firm, or such other\naccounting firm, law firm or professional consulting services provider of national reputation and experience reasonably acceptable to the Company and Executive (the “<B><I>Accountants</I></B>”) shall make in writing in good faith all\ncalculations and determinations under this Section 6(g), including the assumptions to be used in arriving at any calculations. For purposes of making the calculations and determinations under this Section 6(g), the Accountants and\neach other party may make reasonable assumptions and approximations concerning the application of Section 280G and Section 4999 of the Code. The Company and Executive shall furnish to the Accountants and each other such information\nand documents as the Accountants and each other may reasonably request to make the calculations and determinations under this Section 6(g). The Company shall bear all costs the Accountants incur in connection with any calculations\ncontemplated hereby. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(h) <B>Full Discharge of Company Obligations; Release of Claims</B>. The\namounts payable to Executive pursuant to this Section 6 following termination of his employment (other than the Earned Compensation and the Vested Benefits) shall be in full and complete satisfaction of Executive’s rights under this\nAgreement and any other claims he may have in respect of his employment by the Company or any of its subsidiaries other than claims for common law torts or under other contracts between Executive and the Company or its subsidiaries. Such amounts\nshall constitute liquidated damages with respect to any and all such rights and claims and, upon Executive’s receipt of such amounts, the Company shall be released and discharged from any and all liability to Executive in connection with this\nAgreement or otherwise in connection with Executive’s employment with the Company and its subsidiaries. As a condition to payment of any such amounts that are in excess of the Earned Compensation and the Vested Benefits, within thirty\n(30) days following the Date of Termination, Executive shall execute, deliver to the Company and not revoke within any applicable revocation period a waiver and release of claims in favor of the Company in a form approved by the Company (the\n“<B><I>Release of Claims</I></B>”). If Executive fails to execute the Release of Claims within such thirty (30) day period, or timely revokes his acceptance of such Release of Claims following its execution, Executive will not be\nentitled to payment of any amounts in excess of the Earned Compensation and the Vested Benefits. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">11 </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) <B>No Mitigation; No Offset</B>. In the event of any\ntermination of employment under this Section 6, Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due Executive under this Agreement on account of any remuneration attributable to any\nsubsequent employment that he may obtain except as specifically provided with regard to the continuation of benefits in Section 6(e)(iv). </P>\n<P STYLE=\"margin-top:18pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">7. <B>Noncompetition and Confidentiality</B>. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) <B>Noncompetition</B>. During the Employment Period and, in the event that Executive’s\nemployment is terminated for any reason other than death, a Termination Without Cause or a Termination for Good Reason, for a period of twelve (12) months following the Date of Termination (the “<B><I>Post-Termination\nPeriod</I></B>”), Executive shall not become associated with any entity, whether as a principal, partner, employee, consultant or shareholder (other than as a holder of not in excess of one percent (1%) of the outstanding voting shares of any\npublicly traded company), that is actively engaged in any geographic area in any business which is in competition with a business conducted by the Company at the time of the alleged competition and, in the case of the Post-Termination Period, at the\nDate of Termination. </P> <P STYLE=\"margin-top:18pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(b) <B>Confidentiality</B>. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) Without the prior written consent of the Company, except in the course of carrying out his duties\nhereunder, or to the extent required by an order of a court having competent jurisdiction or under subpoena from an appropriate government agency, Executive shall not disclose any trade secrets, customer lists, drawings, designs, information\nregarding product development, marketing plans, sales plans, manufacturing plans, management organization information (including data and other information relating to members of the Board and management), operating policies or manuals, business\nplans, financial records, packaging design or other financial, commercial, business or technical information relating to the Company or any of its subsidiaries or information designated as confidential or proprietary that the Company or any of its\nsubsidiaries may receive belonging to suppliers, customers or others who do business with the Company or any of its subsidiaries (collectively, “<B><I>Confidential Information</I></B><B>”</B>)<B> </B>to any third person unless such\nConfidential Information has been previously disclosed to the public by the Company or has otherwise become available to the public (other than by reason of Executive’s breach of this Section 7(b)). The Executive agrees that he shall not\nmodify, reverse engineer, decompile, create other works from or disassemble any software programs contained in the Confidential Information of the Company and its subsidiaries unless permitted in writing thereby. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">12 </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(ii) For the avoidance of doubt, this Section 7(b)\ndoes not prohibit or restrict Executive (or Executive’s attorney) from responding to any inquiry about this Agreement or its underlying facts and circumstances by the Securities and Exchange Commission, the Financial Industry Regulatory\nAuthority, any other self-regulatory organization or governmental entity, or making other disclosures that are protected under the whistleblower provisions of federal law or regulation. Executive understands and acknowledges that he does not need\nthe prior authorization of the Company to make any such reports or disclosures and that he is not required to notify the Company that he has made such reports or disclosures. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(iii) Notwithstanding anything in this Section 7(b) or elsewhere in this Agreement to the contrary,\nExecutive understands that Executive may, pursuant to the U.S. Defend Trade Secrets Act of 2016 (“<B><I>DTSA</I></B>”), without informing the Company prior to any such disclosure, disclose Confidential Information (A) in confidence to\na federal, state, or local government official, either directly or indirectly, or to an attorney, solely for the purpose of reporting or investigating a suspected violation of law or (B) in a complaint or other document filed in a lawsuit or\nother proceeding, if such filing is made under seal. Additionally, without informing the Company prior to any such disclosure, if Executive files a lawsuit against the Company for retaliation for reporting a suspected violation of law, Executive\nmay, pursuant to the DTSA, disclose Confidential Information to his attorney and use the Confidential Information in the court proceeding or arbitration, provided that Executive files any document containing the Confidential Information under seal\nand does not otherwise disclose the Confidential Information, except pursuant to court order. Without prior authorization of the Company, however, the Company does not authorize Executive to disclose to any third party (including any government\nofficial or any attorney Executive may retain) any communications that are covered by the Company’s attorney-client privilege. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(c) <B>Company Property</B>. Promptly following termination of Executive’s employment, Executive\nshall return to the Company all property of the Company, and all copies thereof in Executive’s possession or under his/her control, except that Executive may retain his personal notes, diaries, Rolodexes, calendars and correspondence. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(d) <B><FONT STYLE=\"white-space:nowrap\">Non-Solicitation</FONT> of Employees</B>. During the Employment\nPeriod and during the one (1) year period following any termination of Executive’s employment for any reason, Executive shall not, except in the course of carrying out his duties hereunder, directly or indirectly induce any employee of the\nCompany or any of its subsidiaries to terminate employment with such entity, and shall not directly or indirectly, either individually or as owner, agent, employee, consultant or otherwise, knowingly employ or offer employment to any person who is\nor was employed by the Company or a subsidiary thereof unless such person shall have ceased to be employed by such entity for a period of at least six (6) months. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">13 </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(e) <B>Injunctive Relief with Respect to Covenants</B>.\nExecutive acknowledges and agrees that the covenants and obligations of Executive with respect to noncompetition, nonsolicitation, confidentiality and Company property relate to special, unique and extraordinary matters and that a violation of any\nof the terms of such covenants and obligations may cause the Company irreparable injury for which adequate remedies are not available at law. Therefore, Executive agrees that the Company shall be entitled to an injunction, restraining order or such\nother equitable relief restraining Executive from committing any violation of the covenants and obligations contained in this Section 7. These injunctive remedies are cumulative and are in addition to any other rights and remedies the Company\nmay have at law or in equity. </P> <P STYLE=\"margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">8. <B>Miscellaneous</B>. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) <B>Survival.</B> Sections 5(d) (relating to the Company’s obligation to indemnify Executive), 6\n(relating to early termination), 7 (relating to noncompetition, nonsolicitation and confidentiality) and 8(o) (relating to governing law) shall survive the termination hereof, whether such termination shall be by expiration of the Employment Period\nor an early termination pursuant to Section 6 hereof. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(b) <B>Binding Effect</B>. This\nAgreement shall be binding on, and shall inure to the benefit of, the Company and any person or entity that succeeds to the interest of the Company regardless of whether such succession does or does not occur by operation of law) by reason of a\nmerger, consolidation or reorganization involving the Company or a sale of all or substantially all of the assets of the Company, provided that the assignee or transferee is the successor to all or substantially all of the assets of the Company and\nsuch assignee or transferee assumes the liabilities, obligations and duties of the Company, as contained in this Agreement, either contractually or as a matter of law. The Company further agrees that, in the event of a sale of assets as described in\nthe preceding sentence, it shall use its reasonable best efforts to cause such assignee or transferee to expressly assume the liabilities, obligations and duties of the Company hereunder. This Agreement shall also inure to the benefit of\nExecutive’s heirs, executors, administrators and legal representatives and beneficiaries as provided in Section 8(d). </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(c) <B>Assignment</B>. Except as provided under Section 8(b), neither this Agreement nor any of the\nrights or obligations hereunder shall be assigned or delegated by any party hereto without the prior written consent of the other party. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(d) <B>Beneficiaries/References</B>. Executive shall be entitled, to the extent permitted under any\napplicable law and the terms of any applicable plan, to select and change a beneficiary or beneficiaries to receive any compensation or benefit payable hereunder following Executive’s death by giving the Company written notice thereof. In the\nevent of Executive’s death or a judicial determination of his incompetence, reference in this Agreement to Executive shall be deemed, where appropriate, to refer to his beneficiary, estate or other legal representative. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">14 </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(e) <B>Resolution of Disputes</B>. Any disputes arising\nunder or in connection with this Agreement shall, at the election of Executive or the Company, be resolved by binding arbitration, to be held in Chicago, Illinois in accordance with the rules and procedures of the American Arbitration Association.\nJudgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. Costs of the arbitration shall be borne by the Company. Unless the arbitrator determines that Executive did not have a reasonable basis\nfor asserting his position with respect to the dispute in question, the Company shall also reimburse Executive for his reasonable attorneys’ fees incurred with respect to any arbitration. Pending the resolution of any arbitration or court\nproceeding, the Company shall continue payment of all amounts due Executive under this Agreement and all benefits to which Executive is entitled at the time the dispute arises (other than the amounts which are the subject of such dispute). </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(f) <B>Entire Agreement</B>. This Agreement constitutes the entire agreement between the parties hereto\nwith respect to the matters referred to herein and supersedes all prior understandings of the parties hereto with respect to the subject matter hereof, including, without limitation, the Prior Agreement. No amendment to this Agreement shall be\nbinding between the parties unless it is in writing and signed by the party against whom enforcement is sought. There are no promises, representations, inducements or statements between the parties other than those that are expressly contained\nherein. Executive acknowledges that he is entering into this Agreement of his own free will and accord, and with no duress, that he has been represented and fully advised by competent counsel in entering into this Agreement, that he has read this\nAgreement and that he understands it and its legal consequences. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(g) <B>Representations</B>.\nExecutive represents that his employment hereunder and compliance by him with the terms and conditions of this Agreement will not conflict with or result in the breach of any agreement to which he is a party or by which he may be bound. The Company\nis a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. The Company has the full corporate power and authority to execute and deliver this Agreement. The Company has taken all action required\nby law, the Certificate of Incorporation, its <FONT STYLE=\"white-space:nowrap\">By-Laws</FONT> or otherwise required to be taken by it to authorize the execution, delivery and performance by it of this Agreement. This Agreement is a valid and binding\nobligation of the Company, enforceable against the Company in accordance with its terms. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(h) <B>Severability; Reformation</B>. In the event that one or more of the provisions of this Agreement\nshall become invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not be affected thereby. In the event any of Section 7(a), (b) or (d) is not\nenforceable in accordance with its terms, Executive and the Company agree that such Section shall be reformed to make such Section enforceable in a manner which provides the Company the maximum rights permitted at law. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) <B>Waiver</B>. Waiver by any party hereto of any breach or default by the other party of any of the\nterms of this Agreement shall not operate as a waiver of any other breach or default, whether similar to or different from the breach or default waived. No waiver of any provision of this Agreement shall be implied from any course of dealing between\nthe parties hereto or from any failure by either party hereto to assert its or his rights hereunder on any occasion or series of occasions. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">15 </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(j) <B>Notices</B>. Any notice required or desired to be\ndelivered under this Agreement shall be in writing and shall be delivered personally, by courier service, by registered mail, return receipt requested, or by telecopy and shall be effective upon actual receipt when delivered or sent by telecopy and\nupon mailing when sent by registered mail, and shall be addressed as follows (or to such other address as the party entitled to notice shall hereafter designate in accordance with the terms hereof): </P>\n<P STYLE=\"font-size:12pt;margin-top:0pt;margin-bottom:0pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"85%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n\n<TR>\n<TD WIDTH=\"27%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"2%\"></TD>\n<TD WIDTH=\"71%\"></TD></TR>\n\n\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"><B>If to the Company:</B></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">2021 Spring Road</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Suite 600</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Oak Brook, IL 60523</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Attention: General Counsel</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"><B>If to Executive:</B></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">To the address on file with the Company’s HR department,</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">with a copy to:</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Vedder, Price, Kaufman & Kammholz, P.C.</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">222 N. LaSalle Street</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Chicago, IL 60601</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Attention: Thomas P. Desmond, Esq.</TD></TR>\n</TABLE> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(k) <B>Amendments</B>. This Agreement may not be altered, modified or\namended except by a written instrument signed by each of the parties hereto. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(l) <B>Headings</B>.\nHeadings to Sections in this Agreement are for the convenience of the parties only and are not intended to be part of or to affect the meaning or interpretation hereof. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(m) <B>Counterparts</B>. This Agreement may be executed in counterparts, each of which shall be deemed\nan original but all of which together shall constitute one and the same instrument. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(n) <B>Withholding</B>. Any payments provided for herein shall be reduced by any amounts required to be\nwithheld by the Company from time to time under applicable federal, state or local income or employment tax laws or similar statutes or other provisions of law then in effect. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(o) <B>Governing Law</B>. This Agreement shall be governed by the laws of the State of Delaware, without\nreference to principles of conflicts or choice of law under which the law of any other jurisdiction would apply. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">16 </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(p) <B>Code Section</B><B></B><B> 409A Policies and\nProcedures</B>. This Agreement incorporates the terms of the TreeHouse Foods, Inc. Code Section 409A Policies and Procedures, originally effective as of January 1, 2009 and as may be amended from time to time. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(q) <B>Compensation Recovery Policy. </B>All incentive compensation payable to Executive by the Company\nshall be subject to any compensation recovery policy adopted by the Company applicable to Executive and similarly situated executives to comply with applicable law or to comport with good corporate governances practices as determined by the Board or\nthe Compensation Committee of the Board in its sole discretion, as such policy may be amended from time to time. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">IN WITNESS WHEREOF, the\nCompany has caused this Agreement to be executed by its duly authorized officer and Executive has hereunto set his hand as of the day and year first above written. </P> <P STYLE=\"font-size:12pt;margin-top:0pt;margin-bottom:0pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n<TD WIDTH=\"13%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"86%\"></TD></TR>\n\n\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">TREEHOUSE FOODS, INC.</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">By:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\">/s/ Sam K. Reed</P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">Name:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Sam K. Reed</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">Title:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Chairman & Chief Executive Officer</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\" COLSPAN=\"3\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">EXECUTIVE:</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\" COLSPAN=\"3\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\">/s/ Thomas E. O’Neill</P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">Thomas E. O’Neill</TD></TR>\n</TABLE>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">17 </P>\n\n</BODY></HTML>\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":77,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/34956/0001654954-18-009137-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/34956/0001654954-18-009137.txt"},"cik":{"kind":"string","value":"34956"},"name":{"kind":"string","value":"TENAX THERAPEUTICS, INC."},"type":{"kind":"string","value":"10-Q"},"filing_date":{"kind":"string","value":"2018-08-14"},"report_date":{"kind":"string","value":"2018-06-30"},"seq":{"kind":"string","value":"3"},"desc":{"kind":"string","value":"FORM OF OPTION ISSUED TO EMPLOYEES"},"doc_type":{"kind":"string","value":"EX-10.3"},"size":{"kind":"string","value":"62599"},"filename":{"kind":"string","value":"tenx_ex103.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/34956/000165495418009137/tenx_ex103.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/2be3b0546d9ef879194e7da472092831cf45ae9f.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2018-08-14\", \"Accepted\": \"2018-08-14 16:31:55\", \"Documents\": \"49\", \"Period of Report\": \"2018-06-30\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.3\n<SEQUENCE>3\n<FILENAME>tenx_ex103.htm\n<DESCRIPTION>FORM OF OPTION ISSUED TO EMPLOYEES\n<TEXT>\n<html>\n<head>\n<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->\n<!-- Copyright 2018 Issuer Direct Corporation -->\n<title>Blueprint</title>\n</head>\n<body style=\"font-family: Times New Roman; font-size: 13px;\">\n<div id=\"pgbrk\" style=\"width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px\">\n<div id=\"hdr\">\n<div style=\"text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n</div>\n</div>\n<div style=\"text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-weight: bold; font-family: Times New Roman; font-size: 13px\">\nExhibit 10.3</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-weight: bold; font-family: Times New Roman; font-size: 13px\">\nTENAX THERAPEUTICS INC.</font></div>\n<div style=\"text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-weight: bold; font-family: Times New Roman; font-size: 13px\">\n2016 STOCK INCENTIVE PLAN</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-weight: bold; font-family: Times New Roman; font-size: 13px\">\nAWARD AGREEMENT</font></div>\n<div style=\"text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-weight: bold; font-family: Times New Roman; font-size: 13px\">\n(Awarding Nonqualified Stock Option to Employees and\nContractors)</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">THIS\nAWARD AGREEMENT (this “Agreement”) is made by and\nbetween Tenax Therapeutics, Inc., a Delaware corporation (the\n“Company”), and [<font style=\"font-weight: bold\">Insert\nName of Grantee]</font> (the “Optionee”) pursuant\nto the provisions of the Tenax Therapeutics, Inc. 2016 Stock\nIncentive Plan (the “Plan”), which is incorporated\nherein by reference. Capitalized terms not defined in this\nAgreement shall have the meanings given to them in the\nPlan.</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">WITNESSETH:</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">WHEREAS, the\nOptionee is providing, or has agreed to provide, services to the\nCompany, or Affiliate or a Subsidiary of the Company, as an\nEmployee or Third Party Service Provider; and</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">WHEREAS, the\nCompany considers it desirable and in its best interests that the\nOptionee be given a personal stake in the Company’s growth,\ndevelopment and financial success through the grant of an option to\npurchase shares of the $0.0001 par value common stock of the\nCompany (the “Shares”).</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">NOW,\nTHEREFORE, in consideration of the premises and the mutual\nagreements set forth herein, the parties agree as\nfollows:</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">1.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Grant of Option</font>. Effective as\nof <font style=\"font-weight: bold\">[Insert Grant\nDate]</font> (the “Date of Grant”), the Company\nhereby grants to the Optionee, an option (the “Option”)\nto purchase <font style=\"font-weight: bold\">[Insert Number of\nShares] </font>Shares at the Option Price per Share of\n<font style=\"font-weight: bold\">[Insert Option\nPrice]</font> (the “Option Price”), subject to the\nterms and conditions of the Plan and this Agreement. The future\nvalue of such Shares is unknown and cannot be predicted with\ncertainty. If such Shares do not increase in value, the Option will\nhave no value.</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">2.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Term of Option</font>. Subject to\nearlier termination under Section 4 hereof, the term of the\nOption shall be ten (10) years (the\n“Term”).</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">3.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Vesting Schedule</font>. The Option\nshall vest and become exercisable as to <font style=\"font-weight: bold\">[Insert Vesting Schedule]</font>.</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">In no\nevent will any portion of the Option that is not vested and\nexercisable at the time of the termination of the Optionee’s\nservice relationship become vested and exercisable following such\ntermination. Further, notwithstanding any provision of the Plan or\nthis Agreement to the contrary, in no event will any portion of the\nOption that is not vested and exercisable immediately prior to the\ntime of a Sale of the Company become vested and exercisable because\nof such event.</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div id=\"pgbrk\" style=\"width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px\">\n<div id=\"ftr\">\n<div style=\"text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div id=\"pn\" style=\"text-align: center\"><font style=\"font-family: Times New Roman; font-size: 13px\">1</font></div>\n</div>\n<div id=\"pb\" style=\"text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000\">\n<!--page break--></div>\n<div id=\"hdr\">\n<div style=\"text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n</div>\n</div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">4.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Termination of Option</font>. Except\nas otherwise provided herein, the Option shall terminate on the\nearliest to occur of the following:</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 96px; display: table\">\n<div style=\"display: table-row\">\n<div style=\"text-align: left; display: table-cell; width: 48px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">(a)</font></div>\n<div style=\"text-align: justify; display: table-cell\"><font style=\"font-family: Times New Roman; font-size: 13px\">The expiration of\nthe Term of the Option.</font></div>\n</div>\n</div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 96px; display: table\">\n<div style=\"display: table-row\">\n<div style=\"text-align: left; display: table-cell; width: 48px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">(b)</font></div>\n<div style=\"text-align: justify; display: table-cell\"><font style=\"font-family: Times New Roman; font-size: 13px\">The 91<font style=\"font-size: 70%; vertical-align: top\">st</font> day after\ntermination of the Optionee’s service relationship for any\nreason other than one specified in (c) or\n(d) below.</font></div>\n</div>\n</div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 96px; display: table\">\n<div style=\"display: table-row\">\n<div style=\"text-align: left; display: table-cell; width: 48px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">(c)</font></div>\n<div style=\"text-align: justify; display: table-cell\"><font style=\"font-family: Times New Roman; font-size: 13px\">The 366<font style=\"font-size: 70%; vertical-align: top\">th</font> day after\ntermination of the Optionee’s service relationship as a\nresult of the Optionee’s death, or a disability, retirement\nor redundancy that is approved by the Committee for this\npurpose.</font></div>\n</div>\n</div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 96px; display: table\">\n<div style=\"display: table-row\">\n<div style=\"text-align: left; display: table-cell; width: 48px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">(d)</font></div>\n<div style=\"text-align: justify; display: table-cell\"><font style=\"font-family: Times New Roman; font-size: 13px\">Termination of the\nOptionee’s employment relationship by the Company for Cause,\nor of the Optionee’s service relationship by the Company for\nreasons that would constitute Cause if the Optionee were an\nemployee.</font></div>\n</div>\n</div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">5.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Exercise of Option</font>.<font style=\"font-weight: bold\"> </font>The vested portion of the Option\nmay be exercised in whole or in part by delivery of an exercise\nnotice in the form attached as <font style=\"text-decoration: underline\">Exhibit A</font> (the\n“Exercise Notice”) which shall state the election to\nexercise the Option and set forth the number of Shares with respect\nto which the Option is being exercised. The Exercise Notice shall\nbe accompanied by payment of an amount equal to the aggregate\nOption Price as to all exercised Shares. Payment of such amount\nshall be by any of the following methods, or combination thereof,\nat the election of the Optionee: (a) in cash or its\nequivalent; (b) by tendering (either by actual delivery or\nattestation) previously acquired Shares having an aggregate Fair\nMarket Value at the time of exercise equal to the Option Price;\n(c) by a cashless (broker-assisted) exercise; or (d) any\nother method approved or accepted by the Committee in its sole\ndiscretion<font style=\"font-style: italic\">. </font>The Option\nshall be deemed to be exercised upon receipt by the Company of such\nfully executed Exercise Notice accompanied by the aggregate Option\nPrice.</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">In\nconnection with such exercise, the Company shall have the right to\nrequire that the Optionee make such provision, or furnish the\nCompany such authorization, as may be necessary or desirable so\nthat the Company may satisfy any obligation it has under applicable\nincome tax laws to withhold for income or other taxes due upon or\nincident to such exercise. The Committee may, in its discretion,\npermit such withholding obligation to be satisfied through the\nwithholding of Shares that would otherwise be delivered upon\nexercise of the Option.</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">6.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Non-Transferability of Option</font>.\nThis Option may not be transferred in any manner otherwise than by\nwill or the laws of descent and distribution and, during the\nOptionee’s lifetime, may only be exercised by the\nOptionee.</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">7.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Restrictions on Shares</font>. This\nAgreement shall be subject to all applicable laws, rules, and\nregulations, and to such approvals by any governmental agencies or\nstock exchange as may be required. The Optionee agrees to take all\nsteps the Committee determines are necessary to comply with all\napplicable provisions of federal and state securities law in\nexercising his or her rights under this Agreement. The Committee\nmay impose such restrictions on any Shares acquired pursuant to the\nexercise of this Option as it deems advisable, including, without\nlimitation, minimum holding period requirements, restrictions under\napplicable federal securities laws, under the requirements of any\nstock exchange or market upon which such Shares are then listed\nand/or traded, or under any blue sky or state securities laws\nas may be applicable to such Shares.</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div id=\"pgbrk\" style=\"width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px\">\n<div id=\"ftr\">\n<div style=\"text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div id=\"pn\" style=\"text-align: center\"><font style=\"font-family: Times New Roman; font-size: 13px\">2</font></div>\n</div>\n<div id=\"pb\" style=\"text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000\">\n<!--page break--></div>\n<div id=\"hdr\">\n<div style=\"text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n</div>\n</div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">8.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Forfeiture</font>. <font style=\"color: #000000\">Where an Optionee engages in certain competitive\nactivity or is terminated by the Company for Cause, his or her\nOption and Shares are subject to forfeiture conditions under\nSection 11.3 of the Plan.</font> Upon the occurrence of any of the\nevents set forth in Section 11.3 of the Plan, in addition to the\nremedies provided in Section 11.3, the Company shall be entitled to\nissue a stop transfer order and other documents implementing the\nforfeiture to its transfer agent, the depository or any of its\nnominees, and any other person with respect to this Option and the\nShares.</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">9.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Successors and Assigns</font>. The\nCompany may assign any of its rights under this Agreement to single\nor multiple assignees, and this Agreement shall inure to the\nbenefit of the successors and assigns of the Company. Subject to\nthe restrictions on transfer herein set forth, the terms and\nconditions of the Plan and this Agreement shall be binding upon the\nOptionee and his or her heirs, executors, administrators,\nsuccessors and assigns.</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">10.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Interpretation</font>. Any dispute\nregarding the interpretation of this Agreement shall be submitted\nby the Optionee or by the Company forthwith to the Committee, which\nshall review such dispute at its next regular meeting. The\nresolution of such a dispute by the Committee shall be final and\nbinding on all parties.</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">11.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Tax Consequences</font>. The exercise\nof this Option and the subsequent disposition of the Shares may\ncause the Optionee to be subject to federal, state and/or foreign\ntaxation. The Optionee should consult a tax advisor before\nexercising this Option or disposing of the Shares purchased\nhereunder.</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">12.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Acknowledgement</font>. The Optionee\nacknowledges and agrees: (i) that the Plan is discretionary in\nnature and may be suspended or terminated by the Company at any\ntime; (ii) that the grant of the Option does not create any\ncontractual or other right to receive future grants of options or\nany right to continue an employment or other relationship with the\nCompany (for the vesting period or otherwise); (iii) that the\nOptionee remains subject to discharge from such relationship to the\nsame extent as if the Option had not been granted; (iv) that\nall determinations with respect to any such future grants,\nincluding, but not limited to, when and on what terms they shall be\nmade, will be at the sole discretion of the Committee;\n(v) that participation in the Plan is voluntary;\n(vi) that the value of the Option is an extraordinary item of\ncompensation that is outside the scope of the Optionee’s\nemployment contract if any; and (vii) that the Option is not\npart of normal or expected compensation for purposes of calculating\nany severance, resignation, redundancy, end of service payments,\nbonuses, long-service awards, pension or retirement benefits or\nsimilar benefits.</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">13.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Employee Data Privacy</font>. As a\ncondition of the grant of this Option, the Optionee consents to the\ncollection, use and transfer of personal data as described in this\nparagraph. The Optionee understands that the Company and its\nAffiliates hold certain personal information about the Optionee,\nincluding but not limited to the Optionee’s name, home\naddress and telephone number, date of birth, social security\nnumber, salary, nationality, job title, shares of common stock or\ndirectorships held in the Company, details of all Options or other\nentitlement to shares of common stock awarded, cancelled,\nexercised, vested, unvested or outstanding in the Optionee’s\nfavor for the purpose of managing and administering the Plan\n(“Data”). The Optionee further understands that the\nCompany and/or its Affiliates will transfer Data amongst themselves\nas necessary for the purposes of implementation, administration and\nmanagement of the Optionee’s participation in the Plan, and\nthat the Company and/or any of its Affiliates may each further\ntransfer Data to any third parties assisting the Company in the\nimplementation, administration and management of the Plans. The\nOptionee understands that these recipients may be located in the\nOptionee’s country of residence or elsewhere. The Optionee\nauthorizes them to receive, possess, use, retain and transfer Data\nin electronic or other form, for the purposes of implementing,\nadministering and managing the Optionee’s participation in\nthe Plan, including any requisite transfer of such Data as may be\nrequired for the administration of the Plan and/or the subsequent\nholding shares of common stock on the Optionee’s behalf to a\nbroker or other third party with whom the shares acquired on\nexercise may be deposited. The Optionee understands that the\nOptionee may, at any time, view the Data, require any necessary\namendments to it or withdraw the consent herein in writing by\ncontacting the local human resources representative.</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div id=\"pgbrk\" style=\"width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px\">\n<div id=\"ftr\">\n<div style=\"text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div id=\"pn\" style=\"text-align: center\"><font style=\"font-family: Times New Roman; font-size: 13px\">3</font></div>\n</div>\n<div id=\"pb\" style=\"text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000\">\n<!--page break--></div>\n<div id=\"hdr\">\n<div style=\"text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n</div>\n</div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">14.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Confidentiality</font>. The Optionee\nagrees not to disclose the terms of this offer to anyone other than\nthe members of the Optionee’s immediately family or the\nOptionee’s counsel or financial advisors and agrees to advise\nsuch persons of the confidential nature of this offer.</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">15.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Entire Agreement; Governing\nLaw</font>. The Plan is incorporated herein by reference. The Plan\nand this Agreement constitute the entire agreement of the parties\nwith respect to the subject matter hereof and supersede in their\nentirety all prior undertakings and agreements of the Company and\nthe Optionee with respect to the subject matter hereof, and may not\nbe modified adversely to the Optionee’s interest except by\nmeans of a writing signed by the Company and Optionee. This\nAgreement is governed by the internal substantive laws but not the\nchoice of law rules of Delaware.</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n</div>\n<div>\n<table cellpadding=\"0\" cellspacing=\"0\" style=\"font-family: inherit; font-size: inherit; margin-right:0px;width:100%;margin-left:0px;\">\n<tr>\n<td colspan=\"2\" rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"><font style=\"font-weight: bold; font-family: Times New Roman; font-size: 13px\">OPTIONEE</font></font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 12%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td colspan=\"2\" rowspan=\"1\" style=\"vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"><font style=\"font-weight: bold; font-family: Times New Roman; font-size: 13px\">TENAX\nTHERAPEUTICS, INC.</font></font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 12%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n</tr><tr>\n<td style=\"width: 10%;\">\n<div><font> </font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 35%;\">\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 12%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 6%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; width: 35%;\">\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 12%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n</tr><tr>\n<td style=\"width: 10%;\">\n<div><font><font style=\"font-family: Times New Roman; font-size: 13px\">Signature:</font></font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 35%; border-bottom: 2px solid rgb(0, 0, 0);\">\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 12%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 6%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">By:</font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; width: 35%; border-bottom: 2px solid rgb(0, 0, 0);\">\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 12%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n</tr><tr>\n<td style=\"width: 10%;\">\n<div><font><font style=\"font-family: Times New Roman; font-size: 13px\">Name:</font></font></div>\n</td>\n<td style=\"width: 35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);\">\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td style=\"width: 12%; vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td style=\"width: 6%; vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">Name:</font></div>\n</td>\n<td style=\"width: 35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);\">\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td style=\"width: 12%; vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n</tr><tr>\n<td style=\"width: 10%;\">\n<div><font> </font></div>\n</td>\n<td style=\"width: 35%; vertical-align: top;\">\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td style=\"width: 12%; vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td style=\"width: 6%; vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">Title:</font></div>\n</td>\n<td style=\"width: 35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);\">\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td style=\"width: 12%; vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n</tr></table>\n</div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px;\"> </font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px;\"> </font></div>\n  </div>\n<div id=\"pgbrk\" style=\"width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px\">\n<div id=\"ftr\">\n<div style=\"text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div id=\"pn\" style=\"text-align: center\"><font style=\"font-family: Times New Roman; font-size: 13px\">4</font></div>\n</div>\n<div id=\"pb\" style=\"text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000\">\n<!--page break--></div>\n<div id=\"hdr\">\n<div style=\"text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n</div>\n</div>\n<div style=\"text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"text-decoration: underline; font-family: Times New Roman; font-size: 13px\">\n</font></div>\n<div style=\"text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px;\"> </font></div>\n<div style=\"text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"text-decoration: underline; font-family: Times New Roman; font-size: 13px\">\nExhibit A</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-weight: bold; font-family: Times New Roman; font-size: 13px\">\nFORM OF</font></div>\n<div style=\"text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-weight: bold; font-family: Times New Roman; font-size: 13px\">\nEXERCISE NOTICE FOR 2016 STOCK INCENTIVE PLAN<font style=\"font-size: 70%; vertical-align: top\"><a href=\"#ref.DEAGD1\">1</a></font></font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">Tenax\nTherapeutics, Inc.</font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">One\nCopley Parkway, Suite 490</font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">Morrisville,\nNorth Carolina 27560</font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">Attention:<font style=\"font-weight: bold\"> </font>Stock\nPlan Administrator</font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px;\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">1.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Exercise of Option</font>. Effective\nas of today, <font style=\"text-decoration: underline\">                    </font>,\n20<font style=\"text-decoration: underline\">    </font>, the\nundersigned (the “Optionee”) hereby elects to exercise\nthe Optionee’s option (the “Option”) to\npurchase <font style=\"text-decoration: underline\">            </font> shares\nof the Common Stock (the “Shares”) of Tenax\nTherapeutics, Inc. (the “Company”) under and pursuant\nto the Tenax Therapeutics, Inc. 2016 Stock Incentive Plan (the\n“Plan”) and the Award Agreement with a grant date\nof <font style=\"text-decoration: underline\">                </font>,\n20<font style=\"text-decoration: underline\">    </font> (the\n“Award”). The Grant Number of the Option\nis <font style=\"text-decoration: underline\">            </font>,\nand the per share exercise price is $<font style=\"text-decoration: underline\">        </font>.</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">2.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Delivery of Payment</font>. The\nOptionee herewith delivers to the Company the aggregate exercise\nprice of the Option, as set forth in the Award, by means\nof <font style=\"font-weight: bold; font-style: italic\">(check\none)</font>:</font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"display: table; margin-left: 24px;\">\n<div style=\"display: table-row;\">\n<div style=\"display: table-cell; width: 24px;\"><font style=\"font-family: Times New Roman; font-size: 13px\">☐</font></div>\n<div style=\"text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">a check\nin U.S. dollars made payable to Tenax Therapeutics, Inc. or bank\ntransfer;</font></div>\n</div>\n</div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px;\"> </font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">or</font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"display: table; margin-left: 24px;\">\n<div style=\"display: table-row;\">\n<div style=\"display: table-cell; width: 24px;\"><font style=\"font-family: Times New Roman; font-size: 13px\">☐</font></div>\n<div style=\"text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">(i) a\nshare certificate (or certificates) representing previously\nacquired shares and (ii) a check in U.S. Dollars made payable to\nTenax Therapeutics, Inc. or bank transfer that, in combination,\nhave an aggregate value (the Fair Market Value of the shares\ndelivered plus the check or bank transfer amount) equal to the\naggregate exercise price of the Option.</font></div>\n</div>\n</div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">3.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Representations of Optionee</font>.\nThe Optionee acknowledges that the Optionee has received, read and\nunderstood the Plan and the Award and agrees to abide by and be\nbound by their terms and conditions. In making the decision to\nexercise the option(s) the Optionee has relied upon his or her own\nindependent investigations or those made by his or her\nrepresentatives, if any (including professional, financial, tax,\nlegal and other advisors). The Optionee (and his or her\nrepresentatives, if any) has had an opportunity to review\ninformation with respect to the Company, desires no further\nadditional information concerning the Company or its operations,\nand deems such information reviewed adequate to evaluate the merits\nand risks of the Optionee’s investment in the\nCompany.</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">The\nOptionee acknowledges that the Company is relying upon each of the\nabove representations in connection with the exercise of the option\nand the issuance of the underlying Shares.</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 7%; height: 1px; background-color: #000000\">\n<!--line--><br></div>\n<div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"><a name=\"ref.DEAGD1\"><font style=\"font-weight: bold; font-size: 70%; vertical-align: top\">1</font>\nThe actual form of exercise notice used by Optionee to exercise the\nOptions covered by this Award will vary from this form, depending\nupon various circumstances relating to the decision to exercise.\nOptionee should contact the Plan Administrator if he/she desires to\nexercise the Option.</a></font></div>\n  <font style=\"font-family: Times New Roman; font-size: 13px;\"><br>\n</font></div>\n<div id=\"pgbrk\" style=\"width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px\">\n<div id=\"ftr\">\n<div style=\"text-align: left; width: 100%\"><font style=\"font-family: Times New Roman; font-size: 11px\"> </font></div>\n<div id=\"pn\" style=\"text-align: center\"><font style=\"font-family: Times New Roman; font-size: 13px\">5</font></div>\n</div>\n<div id=\"pb\" style=\"text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; page-break-after: always; width: 100%; height: 1px; background-color: #000000\">\n<!--page break line--></div>\n<div id=\"hdr\">\n<div style=\"text-align: right; width: 100%\"><font style=\"font-family: Times New Roman; font-size: 11px\"> </font></div>\n</div>\n</div>\n<div><font style=\"font-family: Times New Roman; font-size: 13px;\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">4.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Rights as Shareholder</font>. Until\nthe issuance of the Shares (as evidenced by the appropriate entry\non the books of the Company or of a duly authorized transfer agent\nof the Company), no right to vote or receive dividends or any other\nrights as a shareholder shall exist with respect to the Shares,\nnotwithstanding the exercise of the Option. The Shares shall be\nissued to the Optionee as soon as practicable after the Option is\nexercised. No adjustment shall be made for a dividend or other\nright for which the record date is prior to the date of issuance\nexcept as provided in the Plan.</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">5.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Tax Consultation and\nWithholding</font>. The Optionee understands that the Optionee may\nsuffer adverse tax consequences as a result of the Optionee’s\npurchase or disposition of the Shares. The Optionee represents that\nthe Optionee has consulted with any tax consultants the Optionee\ndeems advisable in connection with the purchase or disposition of\nthe Shares and that the Optionee is not relying on the Company for\nany tax advice. The Optionee further understands that the\nOptionee’s purchase of the Shares may give rise to an\nobligation on the part of the Company to withhold for income or\nother taxes due and agrees to make a payment to the Company in the\namount necessary to allow the Company to satisfy any withholding\nobligations.</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">6.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Restrictive Legends</font>. The\nOptionee understands and agrees that the Company shall cause the\nlegends set forth below or legends substantially equivalent\nthereto, to be placed upon any certificate(s) evidencing ownership\nof the Shares together with any other legends that may be required\nby the Company or by state or federal securities laws:</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">THE\nSECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TENAX\nTHERAPEUTICS, INC. 2016 STOCK INCENTIVE PLAN, AS SUCH PLAN MAY BE\nALTERED, AMENDED, RESTATED OR MODIFIED FROM TIME TO TIME, AND ANY\nTRANSFEREE OF THESE SECURITIES SHALL BE SUBJECT TO THE TERMS OF\nSUCH PLAN. COPIES OF THE FOREGOING PLAN ARE MAINTAINED WITH THE\nCORPORATE RECORDS OF THE ISSUER AND ARE AVAILABLE FOR INSPECTION AT\nTHE PRINCIPAL OFFICES OF THE ISSUER.</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">THE\nSECURITIES REPRESENTED BY THIS CERTIFICATE ARE ALSO SUBJECT TO AN\nAWARD AGREEMENT BETWEEN THE ISSUER AND THE HOLDER, AS SUCH\nAGREEMENT MAY BE AMENDED, RESTATED OR MODIFIED FROM TIME TO TIME,\nAND ANY TRANSFEREE OF THESE SECURITIES SHALL BE SUBJECT TO THE\nTERMS OF SUCH AGREEMENT. COPIES OF THE FOREGOING AGREEMENT ARE\nMAINTAINED WITH THE CORPORATE RECORDS OF THE ISSUER AND ARE\nAVAILABLE FOR INSPECTION AT THE PRINCIPAL OFFICES OF THE\nISSUER.</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">7.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Governing Law</font>. This Agreement\nshall be governed by the internal substantive laws but not the\nchoice of law rules of Delaware.</font></div>\n<div><font style=\"font-family: Times New Roman; font-size: 10\"> </font></div>\n<div style=\"margin-left: 0px; text-indent: 48px\"><font style=\"font-family: Times New Roman; font-size: 13px\">8.</font><font id=\"tab2\" style=\"letter-spacing: 12px; color: black\"> </font><font style=\"font-family: Times New Roman; font-size: 13px\"><font style=\"text-decoration: underline\">Entire Agreement</font>. The Plan and\nAward are incorporated herein by reference. This Agreement, the\nPlan, and the Award constitute the entire agreement of the parties\nwith respect to the subject matter hereof and supersede in their\nentirety all prior undertakings and agreements of the Company and\nthe Optionee with respect to the subject matter hereof, and may not\nbe modified adversely to the Optionee’s interest except by\nmeans of a writing signed by the Company and the\nOptionee.</font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n</div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px;\"> </font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n</div>\n<div>\n<table cellpadding=\"0\" cellspacing=\"0\" style=\"font-family: inherit; font-size: inherit; margin-right:0px;width:100%;margin-left:0px;\">\n<tr>\n<td colspan=\"2\" rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"><font style=\"font-family: Times New Roman; font-size: 13px;\"><font style=\"font-family: Times New Roman; font-size: 13px\">Submitted\nby:</font></font></font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 12%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td colspan=\"2\" rowspan=\"1\" style=\"vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"><font style=\"font-family: Times New Roman; font-size: 13px;\"><font style=\"font-family: Times New Roman; font-size: 13px\">Accepted\nby:</font></font></font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 12%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n</tr><tr>\n<td colspan=\"2\" rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"><font style=\"font-weight: bold; font-family: Times New Roman; font-size: 13px\"> </font></font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 12%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td colspan=\"2\" rowspan=\"1\" style=\"vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"><font style=\"font-weight: bold; font-family: Times New Roman; font-size: 13px\"> </font></font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 12%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n</tr><tr>\n<td colspan=\"2\" rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"><font style=\"font-weight: bold; font-family: Times New Roman; font-size: 13px\">OPTIONEE</font></font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 12%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td colspan=\"2\" rowspan=\"1\" style=\"vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"><font style=\"font-weight: bold; font-family: Times New Roman; font-size: 13px\">TENAX\nTHERAPEUTICS, INC.</font></font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 12%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n</tr><tr>\n<td style=\"width: 10%;\">\n<div><font> </font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 35%;\">\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 12%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 6%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; width: 35%;\">\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 12%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n</tr><tr>\n<td style=\"width: 10%;\">\n<div><font><font style=\"font-family: Times New Roman; font-size: 13px\">Signature:</font></font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 35%; border-bottom: 2px solid rgb(0, 0, 0);\">\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 12%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 6%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">By:</font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; width: 35%; border-bottom: 2px solid rgb(0, 0, 0);\">\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td rowspan=\"1\" style=\"vertical-align: top; padding-bottom: 2px; width: 12%;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n</tr><tr>\n<td style=\"width: 10%;\">\n<div><font><font style=\"font-family: Times New Roman; font-size: 13px\">Name:</font></font></div>\n</td>\n<td style=\"width: 35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);\">\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td style=\"width: 12%; vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td style=\"width: 6%; vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">Name:</font></div>\n</td>\n<td style=\"width: 35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);\">\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td style=\"width: 12%; vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n</tr><tr>\n<td style=\"width: 10%;\">\n<div><font> </font></div>\n</td>\n<td style=\"width: 35%; vertical-align: top;\">\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td style=\"width: 12%; vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td style=\"width: 6%; vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\">Title:</font></div>\n</td>\n<td style=\"width: 35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);\">\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td style=\"width: 12%; vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n</tr><tr>\n<td style=\"width: 10%;\">\n<div><font> </font></div>\n</td>\n<td style=\"width: 35%; vertical-align: top;\">\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td style=\"width: 12%; vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td style=\"width: 6%; vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n\n<font style=\"font-family: Times New Roman; font-size: 13px\">Date:</font></div>\n</td>\n<td style=\"width: 35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);\">\n<div style=\"text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px\"><font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n<td style=\"width: 12%; vertical-align: top;\">\n<div style=\"margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-size: 13px; font-family: Times New Roman\"> </font></div>\n</td>\n</tr></table>\n</div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px;\"> </font></div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px;\"><br></font></div>\n</div>\n</div>\n<div style=\"text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<br></div>\n<div id=\"pgbrk\" style=\"width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px\">\n<div id=\"ftr\">\n<div style=\"text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px\">\n<font style=\"font-family: Times New Roman; font-size: 13px\"> </font></div>\n<div id=\"pn\" style=\"text-align: center\"><font style=\"font-family: Times New Roman; font-size: 13px\">6</font></div>\n</div>\n<div id=\"pb\" style=\"text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000\">\n<!--page break--></div>\n</div>\n</body>\n</html>\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":78,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/919467/0000919465-08-000010-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/919467/0000919465-08-000010.txt"},"cik":{"kind":"string","value":"919467"},"name":{"kind":"string","value":"BERRY IOWA CORP"},"type":{"kind":"string","value":"8-K"},"filing_date":{"kind":"string","value":"2008-02-11"},"report_date":{"kind":"string","value":"2008-02-05"},"seq":{"kind":"string","value":"2"},"desc":{"kind":"string","value":"SENIOR SECURED BRIDGE LOAN CREDIT AGREEMENT"},"doc_type":{"kind":"string","value":"EX-10.1"},"size":{"kind":"string","value":"1193874"},"filename":{"kind":"string","value":"ex101.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/55454/000091946508000010/ex101.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/3015bcf110d851a73cd3dc7a82a6c8b54af179d7.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2008-02-11\", \"Accepted\": \"2008-02-11 16:36:04\", \"Documents\": \"14\", \"Period of Report\": \"2008-02-05\", \"Items\": \"Item 1.01: Entry into a Material Definitive Agreement\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.1\n<SEQUENCE>2\n<FILENAME>ex101.htm\n<DESCRIPTION>SENIOR SECURED BRIDGE LOAN CREDIT AGREEMENT\n<TEXT>\n<html>\n <head>\n <title>ex101.htm</title>\n<!-- Licensed to: Berry Plastics Corporation-->\n<!-- Document Created using EDGARizer 4.0.4.0 -->\n<!-- Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved -->\n</head>\n <body bgcolor=\"#ffffff\" style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"><br><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"right\"><font style=\"DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">EXECUTION\nVERSION</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"right\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> </font>\n\n <div>\n <hr style=\"COLOR: black\" align=\"left\" noshade size=\"1\" width=\"100%\">\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">$520,000,000</font></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SENIOR\nSECURED BRIDGE LOAN CREDIT AGREEMENT</font></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Dated as\nof February 5, 2008,</font></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Among</font></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">BERRY\nPLASTICS CORPORATION</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(formerly\nBerry Plastics Holding Corporation),</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">as\nBorrower,</font></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">THE\nLENDERS PARTY HERETO,</font></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">BANK OF\nAMERICA, N.A.,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">as\nCollateral Agent and Administrative Agent</font></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">GOLDMAN\nSACHS CREDIT PARTNERS L.P.,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">as\nSyndication Agent,</font></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">LEHMAN\nBROTHERS INC.,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">as\nDocumentation Agent,</font></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">BANC OF\nAMERICA SECURITIES LLC</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">GOLDMAN\nSACHS CREDIT PARTNERS L.P.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">LEHMAN\nBROTHERS INC.,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">as Joint\nBookrunners and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Joint\nLead Arrangers</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">_________________</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> </font>\n\n <div>\n <hr style=\"COLOR: black\" align=\"left\" noshade size=\"1\" width=\"100%\">\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div>\n <table cellpadding=\"0\" cellspacing=\"0\" width=\"100%\">\n <tr>\n <td align=\"left\" valign=\"top\" width=\"75%\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n </tr>\n </table>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman\"> \n</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"><font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">TABLE OF\nCONTENTS</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\">\n <table cellpadding=\"0\" cellspacing=\"0\" width=\"60%\">\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-TOP: black 0.5pt solid; BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-TOP: black 0.5pt solid; BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">ARTICLE\n I</font></div>\n </td>\n <td valign=\"bottom\" width=\"5%\" style=\"BORDER-TOP: black 0.5pt solid; BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n Page</font></td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Definitions</font></div>\n </td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 1.01.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Defined\n Terms</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">1</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 1.02.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Terms\n Generally</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">46</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 1.03.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Effectuation\n of Transactions</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">47</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 1.04.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Senior\n Debt</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">47</font></div>\n </td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">ARTICLE\n II</font></div>\n </td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">The\n Credits</font></div>\n </td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.01.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Commitment</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">47</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.02.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Loans\n and Borrowings</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">49</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.03.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Requests\n for Borrowings</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">49</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.04.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">[Reserved]</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">50</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.05.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">[Reserved].</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">50</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.06.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Funding\n of Borrowings</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">50</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.07.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Interest\n Elections</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">50</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.08.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Termination\n of Commitment</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">51</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.09.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Repayment\n of Loans; Evidence of Debt</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">51</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.10.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Prepayments,\n etc.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">52</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.11.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Change\n of Control Prepayment Offer</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">53</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.12.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Fees</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">54</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.13.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Interest</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">54</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.14.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Alternate\n Rate of Interest</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">55</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.15.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Increased\n Costs</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">55</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.16.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Break\n Funding Payments</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">56</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.17.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Taxes</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">57</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.18.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Payments\n Generally; Pro Rata Treatment; Sharing of Set offs</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">58</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.19.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Mitigation\n Obligations; Replacement of Lenders</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">60</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 2.20.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Illegality</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">61</font></div>\n </td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">ARTICLE\n III</font></div>\n </td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Representations\n and Warranties</font></div>\n </td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.01.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Organization;\n Powers</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">61</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.02.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Authorization</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">61</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.03.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Enforceability</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">62</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.04.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Governmental\n Approvals</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">62</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.05.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Financial\n Statements</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">62</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.06.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">No\n Material Adverse Effect</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">63</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.07.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Title\n to Properties; Possession Under Leases</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">63</font></div>\n </td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n </table>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-i-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\">\n <table cellpadding=\"0\" cellspacing=\"0\" width=\"60%\">\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.08.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Subsidiaries</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">64</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.09.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Litigation;\n Compliance with Laws</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">64</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.10.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Federal\n Reserve Regulations</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">64</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.11.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Investment\n Company Act</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">64</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.12.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Use\n of Proceeds</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">64</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.13.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Tax\n Returns</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">65</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.14.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">No\n Material Misstatements</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">65</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.15.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Employee\n Benefit Plans</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">65</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.16.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Environmental\n Matters</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">66</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.17.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Security\n Documents</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">66</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.18.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Location\n of Real Property and Leased Premises</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">67</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.19.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Solvency</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">68</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.20.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Labor\n Matters</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">68</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.21.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Insurance</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">68</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.22.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">No\n Default</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">68</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.23.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Intellectual\n Property; Licenses, etc.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">68</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 3.24.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Senior\n Debt</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">69</font></div>\n </td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">ARTICLE\n IV</font></div>\n </td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Conditions\n of Lending</font></div>\n </td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">ARTICLE\n V</font></div>\n </td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Affirmative\n Covenants</font></div>\n </td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 5.01.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Existence;\n Businesses and Properties</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">72</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 5.02.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Insurance</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">72</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 5.03.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Taxes</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">73</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 5.04.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Financial\n Statements, Reports, etc.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">73</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 5.05.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Litigation\n and Other Notices</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">75</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 5.06.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Compliance\n with Laws</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">75</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 5.07.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Maintaining\n Records; Access to Properties and Inspections</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">76</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 5.08.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Use\n of Proceeds</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">76</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 5.09.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Compliance\n with Environmental Laws</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">76</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 5.10.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Further\n Assurances; Additional Security</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">76</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 5.11.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">[Reserved]</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">78</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 5.12.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Securities\n Demand</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">78</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 5.13.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Exchange\n Notes</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">79</font></div>\n </td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">ARTICLE\n VI</font></div>\n </td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Negative\n Covenants</font></div>\n </td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 6.01.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Limitation\n on Incurrence of Indebtedness and Issuance of Disqualified Stock and\n Preferred Stock</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">80</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 6.02.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Liens</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">85</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 6.03.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Asset\n Sales</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">85</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 6.04.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Limitation\n on Restricted Payments</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">86</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 6.05.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Mergers,\n Consolidations, Sales of Assets and Acquisitions</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">90</font></div>\n </td>\n </tr>\n </table>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-ii-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\">\n <table cellpadding=\"0\" cellspacing=\"0\" width=\"60%\">\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 6.06.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Dividend\n and Other Payment Restrictions Affecting Subsidiaries</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">92</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 6.07.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Transactions\n with Affiliates</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">94</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 6.08.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Amendment\n of Security Documents</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">96</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 6.09.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Termination\n and Suspension of Certain Covenants</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">97</font></div>\n </td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">ARTICLE\n VII</font></div>\n </td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Events\n of Default</font></div>\n </td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 7.01.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Events\n of Default</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">97</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 7.02.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Exclusion\n of Immaterial Subsidiaries</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">100</font></div>\n </td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">ARTICLE\n VIII</font></div>\n </td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">The\n Agents</font></div>\n </td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 8.01.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Appointment</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">100</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 8.02.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Delegation\n of Duties</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">102</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 8.03.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Exculpatory\n Provisions</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">102</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 8.04.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Reliance\n by Administrative Agent</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">103</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 8.05.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Notice\n of Default</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">103</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 8.06.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Non-Reliance\n on Agents and Other Lenders</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">103</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 8.07.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Indemnification</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">104</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 8.08.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Agent\n in Its Individual Capacity</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">104</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 8.09.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Successor\n Administrative Agent</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">104</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 8.10.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Agents\n and Arrangers</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">105</font></div>\n </td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">ARTICLE\n IX</font></div>\n </td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Miscellaneous</font></div>\n </td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.01.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Notices;\n Communications</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">105</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.02.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Survival\n of Agreement</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">106</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.03.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Binding\n Effect</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">106</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.04.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Successors\n and Assigns</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">106</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.05.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Expenses;\n Indemnity</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">109</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.06.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Right\n of Set off</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">111</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.07.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Applicable\n Law</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">111</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.08.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Waivers;\n Amendment</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">111</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.09.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Interest\n Rate Limitation</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">113</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.10.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Entire\n Agreement</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">113</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.11.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">WAIVER\n OF JURY TRIAL</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">114</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.12.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Severability</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">114</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.13.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Counterparts</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">114</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.14.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Headings</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">114</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.15.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Jurisdiction;\n Consent to Service of Process</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">114</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.16.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Confidentiality</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">115</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.17.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Platform;\n Borrower Materials</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">115</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.18.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Release\n of Liens and Guarantees</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">116</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.19.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">PATRIOT\n Act Notice</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">116</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.20.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Intercreditor\n Agreements and Collateral Agreement</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">116</font></div>\n </td>\n </tr>\n </table>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-iii-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\">\n <table cellpadding=\"0\" cellspacing=\"0\" width=\"60%\">\n <tr>\n <td valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.21.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Conversion\n of Covenants; Events of Default</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">116</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"17%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">SECTION\n 9.22.</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"56%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">No\n Fiduciary Duty</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"5%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">117</font></div>\n </td>\n </tr>\n </table>\n </div>\n <div> </div>\n <div> </div>\n <div><br> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\">\n <table cellpadding=\"0\" cellspacing=\"0\" width=\"60%\">\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-TOP: black 0.5pt solid; BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Exhibits\n and Schedules</font></div>\n </td>\n <td valign=\"top\" width=\"36%\" style=\"BORDER-TOP: black 0.5pt solid; BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Exhibit\n A</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Form\n of Assignment and Acceptance</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Exhibit\n B</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Form\n of Solvency Certificate</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Exhibit\n C</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Form\n of Borrowing Request</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Exhibit\n D</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Senior\n Secured Exchange Notes Indenture</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Exhibit\n E-1</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Form\n of Bridge Note</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Exhibit\n E-2</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Form\n of Rollover Note</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Exhibit\n F</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Form\n of Collateral Agreement</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Exhibit\n G</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Form\n of Registration Rights Agreement</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Exhibit\n H</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Form\n of Exchange Notice</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Exhibit\n I</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Form\n of Closing Certificate</font></div>\n </td>\n </tr>\n <tr>\n <td valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n <td valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\"> \n </font></td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Schedule\n 1.01(a)</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Certain\n U.S. Subsidiaries</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Schedule\n 1.01(d)</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Immaterial\n Subsidiaries</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Schedule\n 2.01</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Commitments</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Schedule\n 3.01</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Organization\n and Good Standing</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Schedule\n 3.04</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Governmental\n Approvals</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Schedule\n 3.07(b)</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Possession\n Under Leases</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Schedule\n 3.08(a)</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Subsidiaries</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Schedule\n 3.08(b)</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Subscriptions</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Schedule\n 3.13</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Taxes</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Schedule\n 3.16</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Environmental\n Matters</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Schedule\n 3.21</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Insurance</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Schedule\n 3.23</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Intellectual\n Property</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Schedule\n 4.02(d)</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Post-Closing\n Interest Deliveries</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Schedule\n 6.07</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Affiliate\n Transactions</font></div>\n </td>\n </tr>\n <tr>\n <td align=\"left\" valign=\"top\" width=\"20%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Schedule\n 9.01</font></div>\n </td>\n <td align=\"left\" valign=\"top\" width=\"36%\" style=\"BORDER-BOTTOM: black 2px solid\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman\">Notice\n Information</font></div>\n </td>\n </tr>\n </table>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"><br></div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"> </div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-iv-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">This\nSENIOR SECURED BRIDGE LOAN  CREDIT AGREEMENT is entered into as of\nFebruary 5, 2008 (this “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Agreement</font>”), among\nBERRY PLASTICS CORPORATION (formerly Berry Plastics Holding Corporation), a\nDelaware corporation (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Borrower</font>”), the\nLENDERS party hereto from time to time, BANK OF AMERICA, N.A., as administrative\nagent and collateral agent (in such capacities or its successors in such\ncapacities, the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Administrative\nAgent</font>”) for the Lenders, GOLDMAN SACHS CREDIT PARTNERS L.P., as\nsyndication agent (in such capacity, the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Syndication Agent</font>”),\nand LEHMAN BROTHERS INC. as documentation agent (in such capacity, the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Documentation\nAgent</font>”).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">WHEREAS,\non April 3, 2007, Berry Plastics Group, Inc. (“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Holdings</font>”) completed\na stock-for-stock merger (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Berry Covalence\nMerger</font>”) with Covalence Specialty Materials Holding Corp. in which the\nresulting company retained the name Berry Plastics Group, Inc.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">WHEREAS,\nimmediately following the Berry Covalence Merger, Berry Plastics Holding\nCorporation and Covalence Specialty Materials Corp. (“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Covalence</font>”) were\ncombined as a direct subsidiary of Berry Plastics Group, Inc. and the resulting\ncompany retained the name Berry Plastics Holding Corporation.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">WHEREAS,\non December 28, 2007, Berry Plastics Holding Corporation was combined together\nwith Berry Plastics Corporation in a merger in which Berry Plastics Holding\nCorporation survived and was renamed Berry Plastics Corporation.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">WHEREAS,\non December 21, 2007, the Borrower, Captive Holdings, Inc., and Captive\nHoldings, LLC (“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Captive Holdings</font>”)\nentered into a stock purchase agreement, as amended, supplemented or modified\nfrom time to time prior to the date hereof in accordance with the terms of this\nAgreement (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Captive Merger\nAgreement</font>”);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">WHEREAS,\non the Closing Date, the Borrower will enter into this Agreement, under which\nthe Borrower will obtain $520,000,000 in senior secured interim loans;\nand</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">WHEREAS,\nthe Borrower desires to obtain Bridge Loans hereunder, the proceeds of which\nwill be used (i) to finance the Captive Acquisition (as defined below) and (ii)\nto pay costs related to the Transactions.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">In\nconsideration of the mutual covenants and agreements herein contained, the\nparties hereto covenant and agree as follows:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">ARTICLE\nI</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman\">Definitions</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n1.01.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Defined\nTerms</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  As\nused in this Agreement, the following terms shall have the meanings specified\nbelow:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">ABL Assets</font>” shall\nmean any Accounts and Inventory (as such terms are defined in the Revolving\nCredit Agreement) of the Borrower or any Subsidiary.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">ABR</font>” shall mean, for\nany day, a fluctuating rate per annum equal to the higher of (a) the Federal\nFunds Effective Rate plus 1/2 of 1% and (b) the rate of interest in effect for\nsuch day as publicly announced from time to time by Bank of America as its\n“prime rate” at its principal office in New York,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-1-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">New\nYork.  Any change in such rate announced by Bank of America shall take\neffect at the opening of business on the day specified in the public\nannouncement of such change.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">ABR Borrowing</font>” shall\nmean a Borrowing comprised of ABR Loans.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">ABR Loan</font>” shall mean\nany Loan bearing interest at a rate determined by reference to the ABR in\naccordance with the provisions of Article II.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Acquired\nIndebtedness</font>” shall mean, with respect to any specified\nPerson:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(1)           Indebtedness\nof any other Person existing at the time such other Person is merged,\nconsolidated or amalgamated with or into or became a Restricted Subsidiary of\nsuch specified Person, and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(2)           Indebtedness\nsecured by a Lien encumbering any asset acquired by such specified\nPerson.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Acquisition\nDocuments</font>” shall mean the Captive Merger Agreement and any other document\nentered into in connection therewith, in each case as amended, supplemented or\nmodified from time to time prior to the Closing Date or thereafter (so long as\nany amendment, supplement or modification after the Closing Date, together with\nall other amendments, supplements and modifications after the Closing Date,\ntaken as a whole, is not more disadvantageous to the Lenders in any material\nrespect than the Acquisition Documents as in effect on the Closing\nDate).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Act</font>” shall have the\nmeaning assigned to such term in Section 9.19.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Additional Mortgage</font>”\nshall have the meaning assigned to such term in\nSection 5.10(c).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Adjusted LIBO Rate</font>”\nshall mean, with respect to any Eurocurrency Borrowing for any Interest Period,\nan interest rate per annum equal to (a) the LIBO Rate in effect for such\nInterest Period divided by (b) one minus the Statutory Reserves applicable to\nsuch Eurocurrency Borrowing, if any.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Administrative Agent</font>”\nshall have the meaning assigned to such term in the introductory paragraph of\nthis Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Administrative\nQuestionnaire</font>” shall mean an Administrative Questionnaire in a form\nsupplied by the Administrative Agent.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Affiliate</font>” of any\nspecified Person shall mean any other Person directly or indirectly controlling\nor controlled by or under direct or indirect common control with such specified\nPerson.  For purposes of this definition, “control” (including, with\ncorrelative meanings, the terms “controlling,” “controlled by” and “under common\ncontrol with”), as used with respect to any Person, means the possession,\ndirectly or indirectly, of the power to direct or cause the direction of the\nmanagement or policies of such Person, whether through the ownership of voting\nsecurities, by agreement or otherwise.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Affiliate\nTransaction</font>” shall have the meaning assigned to such term in Section\n6.07(a).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Agents</font>” shall mean\nthe Administrative Agent and the Collateral Agent.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Agreement</font>” shall have\nthe meaning assigned to such term in the introductory paragraph of this\nAgreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-2-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Applicable Margin</font>”\nshall mean initially (i) 4.00% in the case of any Eurocurrency Loan and (ii)\n3.00% in the case of any ABR Loan. The Applicable Margin will increase by 0.50%\nper annum on August 5, 2008 and shall increase by an additional 0.50% per annum\nat the end of each three-month period thereafter until the Rollover Loan\nMaturity Date. Notwithstanding the foregoing, the Applicable Margin shall be\nadjusted such that the applicable interest rate on the Loans shall not exceed\nthe Rate Cap.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Approved Fund</font>” shall\nhave the meaning assigned to such term in Section 9.04(b).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Asset Sale</font>” shall\nmean:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(1)           the\nsale, conveyance, transfer or other disposition (whether in a single transaction\nor a series of related transactions) of property or assets (including by way of\na Sale/Leaseback Transaction) outside the ordinary course of business of the\nBorrower or any Restricted Subsidiary of the Borrower (each referred to in this\ndefinition as a “disposition”) or</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(2)           the\nissuance or sale of Equity Interests (other than directors’ qualifying shares\nand shares issued to foreign nationals or other third parties to the extent\nrequired by applicable law) of any Restricted Subsidiary (other than to the\nBorrower or another Restricted Subsidiary of the Borrower) (whether in a single\ntransaction or a series of related transactions),</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">in each\ncase other than:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           a\ndisposition of Cash Equivalents or Investment Grade Securities or obsolete or\nworn out property or equipment in the ordinary course of business;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           the\ndisposition of all or substantially all of the assets of the Borrower in a\nmanner permitted pursuant to Section 6.05 or any disposition that constitutes a\nChange of Control;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           any\nRestricted Payment or Permitted Investment that is permitted to be made, and is\nmade, under Section 6.04;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           any\ndisposition of assets or issuance or sale of Equity Interests of any Restricted\nSubsidiary, which assets or Equity Interests so disposed or issued have an\naggregate Fair Market Value of less than $7.5 million;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           any\ndisposition of property or assets, or the issuance of securities, by a\nRestricted Subsidiary of the Borrower to the Borrower or by the Borrower or a\nRestricted Subsidiary of the Borrower to a Restricted Subsidiary of the\nBorrower;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(f)           any\nexchange of assets (including a combination of assets and Cash Equivalents) for\nassets related to a Similar Business of comparable or greater market value or\nusefulness to the business of the Borrower and its Restricted Subsidiaries as a\nwhole, as determined in good faith by the Borrower;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(g)           foreclosure\non assets of the Borrower or any of its Restricted Subsidiaries;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(h)           any\nsale of Equity Interests in, or Indebtedness or other securities of, an\nUnrestricted Subsidiary;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)           the\nlease, assignment or sublease of any real or personal property in the ordinary\ncourse of business;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-3-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(j)           any\nsale of inventory or other assets in the ordinary course of\nbusiness;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(k)           any\ngrant in the ordinary course of business of any license of patents, trademarks,\nknow-how or any other intellectual property;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(l)           a\ntransfer of accounts receivable and related assets of the type specified in the\ndefinition of “Receivables Financing” (or a fractional undivided interest\ntherein) by a Receivables Subsidiary in a Qualified Receivables Financing;\nand</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(m)           the\nsale of any property in a Sale/Leaseback Transaction within six months of the\nacquisition of such property.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Assignee</font>” shall have\nthe meaning assigned to such term in Section 9.04(b).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Assignment and\nAcceptance</font>” shall mean an assignment and acceptance entered into by a\nLender and an Assignee, and accepted by the Administrative Agent and the\nBorrower (if required by such assignment and acceptance), in the form of <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exhibit A</font> or\nsuch other form as shall be approved by the Administrative Agent and reasonably\nsatisfactory to the Borrower.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Bank Agreement Security\nDocuments</font>” shall mean the Existing Senior Security Agreement, the Second\nAmended and Restated First Lien Intellectual Property Security Agreement dated\nas of April 3, 2007, among Berry Plastics Group, Inc., the Borrower, the\nsubsidiaries of the Borrower party thereto, the Term Loan Collateral Agent and\nthe Revolving Facility Collateral Agent, as amended, supplemented, restated,\nrenewed, refunded, replaced, restructured, repaid, refinanced or otherwise\nmodified from time to time, all “Mortgages” as defined in the Revolving Credit\nAgreement and/or the Term Loan Credit Agreement, and any other documents now\nexisting or entered into after the Closing Date that create Liens on any assets\nor properties of the Borrower or any Subsidiary Loan Party to secure any Term\nLoan Obligations or Revolving Facility Obligations.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Bank Indebtedness</font>”\nshall mean any and all amounts payable under or in respect of any Credit\nAgreement and any other Credit Agreement Documents as amended, restated,\nsupplemented, waived, replaced, restructured, repaid, refunded, refinanced or\notherwise modified from time to time (including after termination of any Credit\nAgreement), including principal, premium (if any), interest (including interest\naccruing on or after the filing of any petition in bankruptcy or for\nreorganization relating to the Borrower whether or not a claim for post-filing\ninterest is allowed in such proceedings), fees, charges, expenses, reimbursement\nobligations, guarantees and all other amounts payable thereunder or in respect\nthereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Bank of America</font>”\nshall mean Bank of America, N.A., and its successors.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"><font style=\"DISPLAY: inline; FONT-FAMILY: Times New Roman\">“</font><font style=\"DISPLAY: inline; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline\">Berry\nCovalence Merger</font><font style=\"DISPLAY: inline; FONT-FAMILY: Times New Roman\">” shall have the\n</font>meaning assigned to it in the recitals to this Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Board</font>” shall mean the\nBoard of Governors of the Federal Reserve System of the United States of\nAmerica.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Board of Directors</font>”\nshall mean, as to any Person, the board of directors or managers, as applicable,\nof such Person (or, if such Person is a partnership, the board of directors or\nother governing body of the general partner of such Person) or any duly\nauthorized committee thereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-4-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Borrower</font>” shall have\nthe meaning assigned to such term in the introductory paragraph of this\nAgreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Borrower Materials</font>”\nshall have the meaning assigned to such term in Section 9.17.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Borrowing</font>” shall mean\na group of Loans of a single Type and made on a single date and, in the case of\nEurocurrency Loans, as to which a single Interest Period is in\neffect.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Borrowing Minimum</font>”\nshall mean $5.0 million.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Borrowing Multiple</font>”\nshall mean $1.0 million.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Borrowing Request</font>”\nshall mean a request by the Borrower in accordance with the terms of\nSection 2.03 and substantially in the form of <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exhibit C</font>.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Bridge Loan</font>” shall\nmean each of the interim bridge loans made to the Borrower pursuant to Section\n2.01(a).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Bridge Loan\nBorrowing</font>” shall mean a borrowing of Bridge Loans.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Bridge Loan Maturity\nDate</font>” shall mean February 5, 2009.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Bridge Note</font>” shall\nhave the meaning set forth in Section 2.09(e).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Budget</font>” shall have\nthe meaning assigned to such term in Section 5.04(e).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Business Day</font>” shall\nmean any day that is not a Saturday, Sunday or other day on which commercial\nbanks in New York City are authorized or required by law to remain closed; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, that when\nused in connection with a Eurocurrency Loan, the term “Business Day” shall also\nexclude any day on which banks are not open for dealings in deposits in the\napplicable currency in the London interbank market.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Capital Stock</font>” shall\nmean:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           in\nthe case of a corporation, corporate stock or shares;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           in\nthe case of an association or business entity, any and all shares, interests,\nparticipations, rights or other equivalents (however designated) of corporate\nstock;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           in\nthe case of a partnership or limited liability company, partnership or\nmembership interests (whether general or limited); and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           any\nother interest or participation that confers on a Person the right to receive a\nshare of the profits and losses of, or distributions of assets of, the issuing\nPerson.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Capitalized Lease\nObligation</font>” shall mean, at the time any determination thereof is to be\nmade, the amount of the liability in respect of a capital lease that would at\nsuch time be required to be capitalized and reflected as a liability on a\nbalance sheet (excluding the footnotes thereto) in accordance with\nGAAP.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-5-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Captive Acquisition</font>”\nshall mean the acquisition by the Borrower of substantially all of the\noutstanding shares of Capital Stock of Captive Holdings, Inc. pursuant to the\nCaptive Merger Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Captive Credit\nAgreement</font>” shall mean that certain credit agreement, dated August 18,\n2005 by and among Captive Holdings, Inc., Captive Plastics, Inc., the guarantors\nparty thereto, Credit Suisse, as administrative agent and collateral agent, and\nthe lenders from time to time party thereto, as amended, modified or\nsupplemented from time to time.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Captive Holdings</font>”\nshall have the meaning assigned to it in the recitals to this\nAgreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Captive Merger\nAgreement</font>” shall have the meaning assigned to it in the recitals to this\nAgreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Captive Merger\nDocuments</font>” shall mean the collective reference to the Captive Merger\nAgreement, all material exhibits and schedules thereto and all agreements\nexpressly contemplated thereby.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Captive Note</font>” shall\nmean that certain $10,000,000 subordinated note, dated July 21, 2004 by and\namong Captive Holdings, Inc. and the John W. Raymonds Lifetime\nTrust.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Captive Second Lien Credit\nAgreement</font>”  shall mean that certain second lien credit\nagreement, dated December 23, 2005 by and among Captive Holdings, Inc., Captive\nPlastics, Inc., the guarantors party thereto and Credit Suisse, as\nadministrative agent and collateral agent, and the lenders from time to time\nparty thereto, as amended, modified or supplemented from time to\ntime.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Cash Contribution\nAmount</font>” shall mean the aggregate amount of cash contributions made to the\ncapital of the Borrower described in the definition of “Contribution\nIndebtedness.”</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Cash Equivalents</font>”\nshall mean:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           Dollars,\npounds sterling, euros, the national currency of any member state in the\nEuropean Union or, in the case of any Foreign Subsidiary that is a Restricted\nSubsidiary, such local currencies held by it from time to time in the ordinary\ncourse of business;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           securities\nissued or directly and fully guaranteed or insured by the U.S. government or any\ncountry that is a member of the European Union or any agency or instrumentality\nthereof in each case maturing not more than two years from the date of\nacquisition;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           certificates\nof deposit, time deposits and eurodollar time deposits with maturities of one\nyear or less from the date of acquisition, bankers’ acceptances, in each case\nwith maturities not exceeding one year, and overnight bank deposits, in each\ncase with any commercial bank having capital and surplus in excess of $250\nmillion and whose long-term debt is rated “A” or the equivalent thereof by\nMoody’s or S&P (or reasonably equivalent ratings of another internationally\nrecognized ratings agency);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           repurchase\nobligations for underlying securities of the types described in clauses (b) and\n(c) above entered into with any financial institution meeting the qualifications\nspecified in clause (c) above;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-6-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           commercial\npaper issued by a corporation (other than an Affiliate of the Borrower) rated at\nleast “A-1” or the equivalent thereof by Moody’s or S&P (or reasonably\nequivalent ratings of another internationally recognized ratings agency) and in\neach case maturing within one year after the date of acquisition;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(f)           readily\nmarketable direct obligations issued by any state of the United States of\nAmerica or any political subdivision thereof having one of the two highest\nrating categories obtainable from either Moody’s or S&P (or reasonably\nequivalent ratings of another internationally recognized ratings agency) in each\ncase with maturities not exceeding two years from the date of\nacquisition;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(g)           Indebtedness\nissued by Persons (other than the Funds or any of the Fund Affiliates) with a\nrating of “A” or higher from S&P or “A-2” or higher from Moody’s in each\ncase with maturities not exceeding two years from the date of acquisition;\nand</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(h)           investment\nfunds investing at least 95% of their assets in securities of the types\ndescribed in clauses (a) through (g) above.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Change in Law</font>” shall\nmean (a) the adoption of any law, rule or regulation after the Closing Date, (b)\nany change in law, rule or regulation or in the interpretation or application\nthereof by any Governmental Authority after the Closing Date or (c) compliance\nby any Lender (or, for purposes of Section 2.15(b), by any Lending Office\nof such Lender or by such Lender’s holding company, if any) with any written\nrequest, guideline or directive (whether or not having the force of law) of any\nGovernmental Authority made or issued after the Closing Date.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Change of Control</font>”\nshall mean the occurrence of any of the following events:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           the\nsale, lease or transfer, in one or a series of related transactions, of all or\nsubstantially all the assets of the Borrower and its Subsidiaries, taken as a\nwhole, to a Person other than any of the Permitted Holders; or</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           the\nBorrower becomes aware (by way of a report or any other filing pursuant to\nSection 13(d) of the Exchange Act, proxy, vote, written notice or otherwise) of\nthe acquisition by any Person or group (within the meaning of Section 13(d)(3)\nor Section 14(d)(2) of the Exchange Act, or any successor provision), including\nany group acting for the purpose of acquiring, holding or disposing of\nsecurities (within the meaning of Rule 13d-5(b)(1) under the Exchange Act),\nother than any of the Permitted Holders, in a single transaction or in a related\nseries of transactions, by way of merger, consolidation or other business\ncombination or purchase of beneficial ownership (within the meaning of Rule\n13d-3 under the Exchange Act, or any successor provision), of more than 50% of\nthe total voting power of the voting stock of the Borrower or any direct or\nindirect parent of the Borrower.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Change of Control\nOffer</font>” shall have the meaning assigned to such term in Section\n2.11.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Change of Control\nPayment</font>” shall have the meaning assigned to such term in Section\n2.11.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Change of Control Payment\nDate</font>” shall have the meaning assigned to such term in Section\n2.11.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Charges</font>” shall have\nthe meaning assigned to such term in Section 9.09.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-7-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Closing Date</font>” shall\nmean February 5, 2008.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Code</font>” shall mean the\nInternal Revenue Code of 1986, as amended from time to time, and the regulations\npromulgated and rulings issued thereunder.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Collateral</font>” shall\nmean all the “Collateral” as defined in any Security Document and shall also\ninclude the Mortgaged Properties and all other property that is subject to any\nLien in favor of the Collateral Agent or any Subagent for the benefit of the\nLenders pursuant to any Security Documents.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Collateral Agent</font>”\nshall mean the party acting as collateral agent for the Secured Parties under\nthe Security Documents.  On the Closing Date, the Collateral Agent is\nthe same Person as the Administrative Agent.  Unless the context\notherwise requires, the term “Administrative Agent” as used herein shall, unless\nthe context otherwise requires, include the Collateral Agent, notwithstanding\nvarious specific references to the Collateral Agent herein.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Collateral Agreement</font>”\nshall mean the Bridge Loan Guarantee and Collateral Agreement, dated as of the\nClosing Date, as amended, supplemented or otherwise modified from time to time,\nin the form of <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exhibit E</font>, among\nthe Borrower, each Subsidiary Loan Party and the Collateral Agent.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Collateral and Guarantee\nRequirement</font>” shall mean the requirement that:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           on\nthe Closing Date, the Collateral Agent shall have received from the Borrower and\neach Subsidiary Loan Party, a counterpart of the Collateral Agreement duly\nexecuted and delivered on behalf of such Person;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           on\nor before the Closing Date, (i) the Collateral Agent shall have received (A) a\npledge of all the issued and outstanding Equity Interests of each Domestic\nSubsidiary (other than Subsidiaries listed on <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Schedule 1.01(a)</font>)\nowned on the Closing Date directly by or on behalf of the Borrower or any\nSubsidiary Loan Party and (B) a pledge of 65% of the outstanding Equity\nInterests of (1) each “first tier” Foreign Subsidiary directly owned by any Loan\nParty (except for NIM Holdings Limited, Berry Plastics Asia Pte. Ltd., and\nOciesse s.r.l., Berry Plastics Acquisition Corporation II, and Berry Plastics\nAcquisition Corporation XIV, LLC), and (2) each “first tier” Qualified CFC\nHolding Company directly owned by any Loan Party and (ii) subject to the terms\nof the Intercreditor Agreements, the Collateral Agent shall have received all\ncertificates or other instruments (if any) representing such Equity Interests,\ntogether with stock powers or other instruments of transfer with respect thereto\nendorsed in blank;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           (i)\nall Indebtedness of the Borrower and each Subsidiary having, in the case of each\ninstance of Indebtedness, an aggregate principal amount in excess of $5.0\nmillion (other than (A) intercompany current liabilities incurred in the\nordinary course of business in connection with the cash management operations of\nthe Borrower and its Subsidiaries or (B) to the extent that a pledge of such\npromissory note or instrument would violate applicable law) that is owing to any\nLoan Party shall be evidenced by a promissory note or an instrument and shall\nhave been pledged pursuant to the Collateral Agreement (or other applicable\nSecurity Document as reasonably required by the Administrative Agent) (which\npledge, in the case of any intercompany note evidencing debt owed by a Foreign\nSubsidiary to a Loan Party, shall be limited to 65% of the amount outstanding\nthereunder), and (ii) the Possessory Collateral Agent shall have received all\nsuch promissory notes or instruments, together with note powers or other\ninstruments of transfer with respect thereto endorsed in blank;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-8-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           in\nthe case of any Person that becomes a Subsidiary Loan Party after the Closing\nDate, the Collateral Agent shall have received a supplement to each of the\nCollateral Agreement, the Senior Lender Intercreditor Agreement, the Second\nPriority Intercreditor Agreement and the Senior Fixed Lender Intercreditor\nAgreement, in the form specified therein, duly executed and delivered on behalf\nof such Subsidiary Loan Party (it being understood that each Domestic Subsidiary\nthat is acquired or formed after the Closing Date (including any Unrestricted\nSubsidiary that is redesignated) is a Subsidiary Loan Party and is required to\nbecome a party to the Collateral Agreement and the Intercreditor\nAgreements);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           in\nthe case of any Person that becomes a “first tier” Foreign Subsidiary directly\nowned by the Borrower or a Subsidiary Loan Party after the Closing Date, the\nCollateral Agent shall have received, as promptly as reasonably practicable\nfollowing a request by the Collateral Agent, a Foreign Pledge Agreement, duly\nexecuted and delivered on behalf of such Foreign Subsidiary and the direct\nparent company of such Foreign Subsidiary;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(f)           after\nthe Closing Date, (i) all the outstanding Equity Interests of (A) any Person\nthat becomes a Subsidiary Loan Party after the Closing Date and (B) subject to\nSection 5.10(g), all the Equity Interests that are acquired by a Loan Party\nafter the Closing Date (including, without limitation, the Equity Interests of\nany Receivables Subsidiary established after the Closing Date), shall have been\npledged pursuant to the Collateral Agreement; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that in no\nevent shall more than 65% of the issued and outstanding Equity Interests of any\n“first tier” Foreign Subsidiary or any “first tier” Qualified CFC Holding\nCompany directly owned by such Loan Party be pledged to secure Obligations, and\nin no event shall any of the issued and outstanding Equity Interests of any\nForeign Subsidiary that is not a “first tier” Foreign Subsidiary of a Loan Party\nor any Qualified CFC Holding Company that is not a “first tier” Subsidiary of a\nLoan Party be pledged to secure Obligations, and (ii) subject to the terms of\nthe Intercreditor Agreements, the Collateral Agent shall have received all\ncertificates or other instruments (if any) representing such Equity Interests,\ntogether with stock powers or other instruments of transfer with respect thereto\nendorsed in blank;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(g)           except\nas otherwise contemplated by any Security Document or the Intercreditor\nAgreements, all documents and instruments, including Uniform Commercial Code\nfinancing statements, required by law or reasonably requested by the Collateral\nAgent to be filed, registered or recorded to create the Liens intended to be\ncreated by the Security Documents (in each case, including any supplements\nthereto) and perfect such Liens to the extent required by, and with the priority\nrequired by, the Security Documents, shall have been filed, registered or\nrecorded or delivered to the Collateral Agent for filing, registration or the\nrecording concurrently with, or promptly following, the execution and delivery\nof each such Security Document;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(h)           [Reserved];</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)           [Reserved];</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(j)           [Reserved];</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(k)           except\nas otherwise contemplated by any Security Document, each Loan Party shall have\nobtained all consents and approvals required to be obtained by it in connection\nwith (i) the execution and delivery of all Security Documents (or supplements\nthereto) to which it is a party and the granting by it of the Liens thereunder\nand (ii) the performance of its obligations thereunder; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-9-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(l)           after\nthe Closing Date, the Administrative Agent shall have received (i) such other\nSecurity Documents as may be required to be delivered pursuant to Section 5.10,\nand (ii) upon reasonable request by the Administrative Agent, evidence of\ncompliance with any other requirements of Section 5.10.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Commitment</font>” shall\nmean, with respect to any Lender, such Lender’s commitment to make Bridge Loans\nunder Section 2.01(a) in the amount set forth opposite such Lender’s name on\nSchedule 2.01 or in the Assignment and Acceptance pursuant to which such Lender\nshall have assumed its Commitment, as applicable.  The aggregate\namount of Commitments of all Lenders on the Closing Date is\n$520,000,000.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Commitment Banks</font>”\nshall mean Banc of America Bridge LLC, Goldman Sachs Credit Partners L.P.,\nLehman Commercial Paper Inc. and Lehman Brothers Commercial Bank.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Commitment Letter</font>”\nshall mean that certain Commitment Letter dated December 21, 2007 by and among\nthe Borrower, Banc of America Bridge LLC, Banc of America Securities LLC,\nGoldman Sachs Credit Partners L.P., Lehman Commercial Paper Inc., Lehman\nBrothers Commercial Bank and Lehman Brothers Inc.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Conduit Lender</font>” shall\nmean any special purpose corporation organized and administered by any Lender\nfor the purpose of making Loans otherwise required to be made by such Lender and\ndesignated by such Lender in a written instrument; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that the\ndesignation by any Lender of a Conduit Lender shall not relieve the designating\nLender of any of its obligations to fund a Loan under this Agreement if, for any\nreason, its Conduit Lender fails to fund any such Loan, and the designating\nLender (and not the Conduit Lender) shall have the sole right and responsibility\nto deliver all consents and waivers required or requested under this Agreement\nwith respect to its Conduit Lender; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">further</font>, that no\nConduit Lender shall (a) be entitled to receive any greater amount pursuant to\nSection 2.15, 2.16, 2.17 or 9.05 than the designating Lender would have\nbeen entitled to receive in respect of the extensions of credit made by such\nConduit Lender or (b) be deemed to have any Commitment.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">consolidated</font>” shall\nmean, with respect to any Person, such Person consolidated with its Restricted\nSubsidiaries, and shall not include any Unrestricted Subsidiary, but the\ninterest of such Person in an Unrestricted Subsidiary shall be accounted for as\nan Investment.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Consolidated Interest\nExpense</font>” shall mean, with respect to any Person for any period, the sum,\nwithout duplication, of:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(1)           consolidated\ninterest expense of such Person and its Restricted Subsidiaries for such period,\nto the extent such expense was deducted in computing Consolidated Net Income\n(including amortization of original issue discount, the interest component of\nCapitalized Lease Obligations, and net payments and receipts (if any) pursuant\nto interest rate Hedging Obligations and excluding amortization of deferred\nfinancing fees and expensing of any bridge or other financing fees);\nplus</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(2)           consolidated\ncapitalized interest of such Person and its Restricted Subsidiaries for such\nperiod, whether paid or accrued; plus</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(3)           commissions,\ndiscounts, yield and other fees and charges Incurred in connection with any\nReceivables Financing which are payable to Persons other than the Borrower and\nits Restricted Subsidiaries; minus</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-10-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(4)           interest\nincome for such period.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Consolidated Net\nIncome</font>” shall mean, with respect to any Person for any period, the\naggregate of the Net Income of such Person and its Restricted Subsidiaries for\nsuch period, on a consolidated basis; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>,\nthat:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           any\nnet after-tax extraordinary, nonrecurring or unusual gains or losses or income,\nexpenses or charges (less all fees and expenses relating thereto), including,\nwithout limitation, any severance expenses, any expenses related to any\nreconstruction, recommissioning or reconfiguration of fixed assets for alternate\nuses, and fees, expenses or charges relating to new product lines, plant\nshutdown costs, acquisition integration costs, expenses or charges related to\nany Equity Offering, Permitted Investment, acquisition or Indebtedness permitted\nto be Incurred by this Agreement (in each case, whether or not successful),\nincluding any such fees, expenses, charges or change in control payments made\nunder the Acquisition Documents or otherwise related to the Transactions, in\neach case, shall be excluded;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           any\nincrease in amortization or depreciation or any one-time non-cash charges\nincreases or reductions in Net Income, in each case resulting from purchase\naccounting in connection with the Transactions or any acquisition that is\nconsummated after the Closing Date shall be excluded;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           the\nNet Income for such period shall not include the cumulative effect of a change\nin accounting principles during such period;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           any\nnet after-tax income or loss from discontinued operations and any net after-tax\ngains or losses on disposal of discontinued operations shall be\nexcluded;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           any\nnet after-tax gains or losses (less all fees and expenses or charges relating\nthereto) attributable to business dispositions or asset dispositions other than\nin the ordinary course of business (as determined in good faith by the Board of\nDirectors of the Borrower) shall be excluded;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(f)           any\nnet after-tax gains or losses (less all fees and expenses or charges relating\nthereto) attributable to the early extinguishment of indebtedness shall be\nexcluded;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(g)           the\nNet Income for such period of any Person that is not a Subsidiary of such\nPerson, or is an Unrestricted Subsidiary, or that is accounted for by the equity\nmethod of accounting, shall be included only to the extent of the amount of\ndividends or distributions or other payments paid in cash (or to the extent\nconverted into cash) to the referent Person or a Restricted Subsidiary thereof\nin respect of such period;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(h)           solely\nfor the purpose of determining the amount available for Restricted Payments\nunder clause (a) of the definition of Cumulative Credit, the Net Income for such\nperiod of any Restricted Subsidiary (other than any Subsidiary Loan Party) shall\nbe excluded to the extent that the declaration or payment of dividends or\nsimilar distributions by such Restricted Subsidiary of its Net Income is not at\nthe date of determination permitted without any prior governmental approval\n(which has not been obtained) or, directly or indirectly, by the operation of\nthe terms of its charter or any agreement, instrument, judgment, decree, order,\nstatute, rule or governmental regulation applicable to that Restricted\nSubsidiary or its stockholders, unless such restrictions with respect to the\npayment of dividends or similar distributions have been legally waived; provided\nthat the Consolidated Net Income of such Person shall be increased by the amount\nof div</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-11-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">dends or\nother distributions or other payments actually paid in cash (or converted into\ncash) by any such Restricted Subsidiary to such Person, to the extent not\nalready included therein;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)           an\namount equal to the amount of Tax Distributions actually made to any parent of\nsuch Person in respect of such period in accordance with Section 6.04(b)(xii)\nshall be included as though such amounts had been paid as income taxes directly\nby such Person for such period;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(j)           any\nnon-cash impairment charges resulting from the application of Statement of\nFinancial Accounting Standards (“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">SFAS</font>”) Nos. 142 and\n144 and the amortization of intangibles arising pursuant to SFAS No. 141 shall\nbe excluded;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(k)           any\nnon-cash expense realized or resulting from stock option plans, employee benefit\nplans or post-employment benefit plans, grants of stock appreciation or similar\nrights, stock options or other rights to officers, directors and employees of\nsuch Person or any of its Restricted Subsidiaries shall be\nexcluded;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(l)           any\n(a) severance or relocation costs or expenses, (b) one-time non-cash\ncompensation charges, (c) the costs and expenses after the Closing Date related\nto employment of terminated employees, (d) costs or expenses realized in\nconnection with, resulting from or in anticipation of the Transactions or (e)\ncosts or expenses realized in connection with or resulting from stock\nappreciation or similar rights, stock options or other rights existing on the\nClosing Date of officers, directors and employees, in each case of such Person\nor any of its Restricted Subsidiaries, shall be excluded;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(m)           accruals\nand reserves that are established within 12 months after the Closing Date and\nthat are so required to be established in accordance with GAAP shall be\nexcluded;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(n)           solely\nfor purposes of calculating EBITDA, (a) the Net Income of any Person and its\nRestricted Subsidiaries shall be calculated without deducting the income\nattributable to, or adding the losses attributable to, the minority equity\ninterests of third parties in any non-wholly-owned Restricted Subsidiary except\nto the extent of dividends declared or paid in respect of such period or any\nprior period on the shares of Capital Stock of such Restricted Subsidiary held\nby such third parties and (b) any ordinary course dividend, distribution or\nother payment paid in cash and received from any Person in excess of amounts\nincluded in clause (7) above shall be included;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(o)           (a)(i)\nthe non-cash portion of “straight-line” rent expense shall be excluded and (ii)\nthe cash portion of “straight-line” rent expense which exceeds the amount\nexpensed in respect of such rent expense shall be included and (b) non-cash\ngains, losses, income and expenses resulting from fair value accounting required\nby Statement of Financial Accounting Standards No. 133 shall be\nexcluded;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(p)           unrealized\ngains and losses relating to hedging transactions and mark-to-market of\nIndebtedness denominated in foreign currencies resulting from the applications\nof Financial Accounting Standards 52 shall be excluded; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(q)           solely\nfor the purpose of calculating Restricted Payments, the difference, if positive,\nof the Consolidated Taxes of the Borrower calculated in accordance with GAAP and\nthe actual Consolidated Taxes paid in cash by the Borrower during any Reference\nPeriod shall be included.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-12-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Notwithstanding\nthe foregoing, for the purpose of Section 6.04 only, there shall be excluded\nfrom Consolidated Net Income any dividends, repayments of loans or advances or\nother transfers of assets from Unrestricted Subsidiaries of the Borrower or a\nRestricted Subsidiary of the Borrower to the extent such dividends, repayments\nor transfers increase the amount of Restricted Payments permitted under clauses\n(E) and (F) of the definition of “Cumulative Credit.”</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Consolidated Non-cash\nCharges</font>” shall mean, with respect to any Person for any period, the\naggregate depreciation, amortization and other non-cash expenses of such Person\nand its Restricted Subsidiaries reducing Consolidated Net Income of such Person\nfor such period on a consolidated basis and otherwise determined in accordance\nwith GAAP, but excluding any such charge which consists of or requires an\naccrual of, or cash reserve for, anticipated cash charges for any future\nperiod.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Consolidated Taxes</font>”\nshall mean provision for taxes based on income, profits or capital, including,\nwithout limitation, state, franchise and similar taxes and any Tax Distributions\ntaken into account in calculating Consolidated Net Income.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Contingent\nObligations</font>” shall mean, with respect to any Person, any obligation of\nsuch Person guaranteeing any leases, dividends or other obligations that do not\nconstitute Indebtedness (“primary obligations”) of any other Person (the\n“primary obligor”) in any manner, whether directly or indirectly, including,\nwithout limitation, any obligation of such Person, whether or not\ncontingent:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           to\npurchase any such primary obligation or any property constituting direct or\nindirect security therefor,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           to\nadvance or supply funds:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">                (i)<font id=\"TAB1\" style=\"MARGIN-LEFT: 21.6pt\"></font>for the purchase or payment of any\nsuch primary obligation; or</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">                (ii)<font id=\"TAB1\" style=\"MARGIN-LEFT: 21.6pt\"></font>to maintain working capital or equity\ncapital of the primary obligor or otherwise to maintain the net worth or\nsolvency of the primary obligor; or</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">                (iii)<font id=\"TAB1\" style=\"MARGIN-LEFT: 21.6pt\"></font>to purchase property, securities or\nservices primarily for the purpose of assuring the owner of any such primary\nobligation of the ability of the primary obligor to make payment of such primary\nobligation against loss in respect thereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Contribution\nIndebtedness</font>” shall mean Indebtedness of the Borrower or any Subsidiary\nLoan Party in an aggregate principal amount not greater than twice the aggregate\namount of cash contributions (other than Excluded Contributions) made to the\ncapital of the Borrower or any such Subsidiary Loan Party after the Closing\nDate; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>\nthat:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(1)           such\ncash contributions have not been used to make a Restricted Payment,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(2)           if\nthe aggregate principal amount of such Contribution Indebtedness is greater than\nthe aggregate amount of such cash contributions to the capital of the Borrower\nor any such Subsidiary Loan Party, as the case may be, the amount in excess\nshall be Indebtedness (other than Secured Indebtedness) with a Stated Maturity\nlater than the Stated Maturity of the Loans, and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(3)           such\nContribution Indebtedness (a) is Incurred within 180 days after the making of\nsuch cash contributions and (b) is so designated as Contribution Indebtedness\npursuant to an Officers’ Certificate on the Incurrence date\nthereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-13-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Covalence</font>” shall have\nthe meaning assigned to it in the recitals to this Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Covenant Suspension\nEvent</font>” shall have the meaning assigned to such term in Section\n6.09(b).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Credit Agreement\nDocuments</font>” shall mean the collective reference to Credit Agreements, any\nnotes issued pursuant thereto and the guarantees thereof, and the collateral\ndocuments relating thereto, as amended, supplemented, restated, renewed,\nrefunded, replaced, restructured, repaid, refinanced or otherwise modified from\ntime to time.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Credit Agreements</font>”\nshall mean (i)(A) the Term Loan Credit Agreement and (B) the Revolving\nCredit Agreement, and (ii) whether or not the credit agreements referred to\nin clause (i) remains outstanding, if designated by the Borrower to be\nincluded in the definition of “Credit Agreement,” one or more (A) debt\nfacilities or commercial paper facilities, providing for revolving credit loans,\nterm loans, receivables financing (including through the sale of receivables to\nlenders or to special purpose entities formed to borrow from lenders against\nsuch receivables) or letters of credit, (B) debt securities, indentures or\nother forms of debt financing (including convertible or exchangeable debt\ninstruments or bank guarantees or bankers’ acceptances), or (C) instruments\nor agreements evidencing any other Indebtedness, in each case, with the same or\ndifferent borrowers or issuers and, in each case, as amended, supplemented,\nmodified, extended, restructured, renewed, refinanced, restated, replaced or\nrefunded in whole or in part from time to time.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Cumulative Credit</font>”\nshall mean the sum of (without duplication):</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(A)           50%\nof the Consolidated Net Income of the Borrower for the period (taken as one\naccounting period, the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Reference Period</font>”)\nfrom April 1, 2008 to the end of the Borrower’s most recently ended fiscal\nquarter for which internal financial statements are available at the time of\nsuch Restricted Payment (or, in the case such Consolidated Net Income for such\nperiod is a deficit, minus 100% of such deficit), plus</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(B)           100%\nof the aggregate net proceeds, including cash and the Fair Market Value (as\ndetermined in good faith by Borrower) of property other than cash, received by\nthe Borrower after the Closing Date from the issue or sale of Equity Interests\nof the Borrower (excluding Refunding Capital Stock, Designated Preferred Stock,\nExcluded Contributions, Disqualified Stock and the Cash Contribution Amount),\nincluding Equity Interests issued upon conversion of Indebtedness or\nDisqualified Stock or upon exercise of warrants or options (other than an\nissuance or sale to a Restricted Subsidiary of the Borrower or an employee stock\nownership plan or trust established by the Borrower or any of its Subsidiaries),\nplus</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(C)           100%\nof the aggregate amount of contributions to the capital of the Borrower received\nin cash and the Fair Market Value (as determined in good faith by the Borrower)\nof property other than cash after the Closing Date (other than Excluded\nContributions, Refunding Capital Stock, Designated Preferred Stock, Disqualified\nStock and the Cash Contribution Amount), plus</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(D)           the\nprincipal amount of any Indebtedness, or the liquidation preference or maximum\nfixed repurchase price, as the case may be, of any Disqualified Stock of the\nBorrower or any Restricted Subsidiary thereof issued after the Closing Date\n(other than Indebtedness or Disqualified Stock issued to a Restricted\nSubsidiary) which has been converted into or exchanged for Equity Interests in\nthe Borrower (other than Disqualified Stock) or any direct or indirect parent of\nthe Borrower (provided in the case of any parent, such Indebtedness or\nDisqualified Stock is retired or extinguished), plus</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-14-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(E)           100%\nof the aggregate amount received by the Borrower or any Restricted Subsidiary in\ncash and the Fair Market Value (as determined in good faith by the Borrower) of\nproperty other than cash received by the Borrower or any Restricted Subsidiary\nafter the Closing Date from:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">                (I)<font id=\"TAB1\" style=\"MARGIN-LEFT: 21.6pt\"></font>the sale or other disposition (other\nthan to the Borrower or a Restricted Subsidiary of the Borrower) of Restricted\nInvestments made by the Borrower and its Restricted Subsidiaries and from\nrepurchases and redemptions of such Restricted Investments from the Borrower and\nits Restricted Subsidiaries by any Person (other than the Borrower or any of its\nRestricted Subsidiaries) and from repayments of loans or advances which\nconstituted Restricted Investments (other than in each case to the extent that\nthe Restricted Investment was made pursuant to clause (vii) or (x) of Section\n6.04(b)),</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">                (II)<font id=\"TAB1\" style=\"MARGIN-LEFT: 21.6pt\"></font>the sale (other than to the Borrower\nor a Restricted Subsidiary of the Borrower) of the Capital Stock of an\nUnrestricted Subsidiary, or</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">                (III)<font id=\"TAB1\" style=\"MARGIN-LEFT: 21.6pt\"></font>a distribution or dividend from an\nUnrestricted Subsidiary, plus</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(F)           in\nthe event any Unrestricted Subsidiary of the Borrower has been redesignated as a\nRestricted Subsidiary or has been merged, consolidated or amalgamated with or\ninto, or transfers or conveys its assets to, or is liquidated into, the Borrower\nor a Restricted Subsidiary, in each case after the Closing Date, the Fair Market\nValue (as determined in good faith by the Borrower or, if such Fair Market Value\nmay exceed $25.0 million, in writing by an Independent Financial Advisor) of the\nInvestment of the Borrower in such Unrestricted Subsidiary at the time of such\nredesignation, combination or transfer (or of the assets transferred or\nconveyed, as applicable), after taking into account any Indebtedness associated\nwith the Unrestricted Subsidiary so designated or combined or any Indebtedness\nassociated with the assets so transferred or conveyed (other than in each case\nto the extent that the designation of such Subsidiary as an Unrestricted\nSubsidiary was made pursuant to clause (vii) or (x) of Section 6.04(b) or\nconstituted a Permitted Investment).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Default</font>” shall mean\nany event or condition that upon notice, lapse of time or both would constitute\nan Event of Default.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Defaulting Lender</font>”\nshall mean any Lender with respect to which a Lender Default is in\neffect.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Designated Non-cash\nConsideration</font>” shall mean the Fair Market Value of non-cash consideration\nreceived by the Borrower or one of its Restricted Subsidiaries in connection\nwith an Asset Sale that is so designated as Designated Non-cash Consideration\npursuant to an Officers’ Certificate, setting forth the basis of such valuation,\nless the amount of Cash Equivalents received in connection with a subsequent\nsale of such Designated Non-cash Consideration.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Designated Preferred\nStock</font>” shall mean Preferred Stock of the Borrower or any direct or\nindirect parent of the Borrower, as applicable (other than Disqualified Stock),\nthat is issued for cash (other than to the Borrower or any of its Subsidiaries\nor an employee stock ownership plan or trust established by the Borrower or any\nof its Subsidiaries) and is so designated as Designated Preferred Stock,\npursuant to an Officers’ Certificate, on the issuance date thereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-15-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Disqualified Stock</font>”\nshall mean, with respect to any Person, any Capital Stock of such Person which,\nby its terms (or by the terms of any security into which it is convertible or\nfor which it is redeemable or exchangeable), or upon the happening of any\nevent:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           matures\nor is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise\n(other than as a result of a change of control or asset sale; provided that the\nrelevant asset sale or change of control provisions, taken as a whole, are no\nmore favorable in any material respect to holders of such Capital Stock than the\nasset sale and change of control provisions applicable to the Loans and any\npurchase requirement triggered thereby may not become operative until compliance\nwith the asset sale and change of control provisions applicable to the Loans\n(including the purchase of any Loans tendered pursuant thereto)),</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           is\nconvertible or exchangeable for Indebtedness or Disqualified Stock of such\nPerson, or</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           is\nredeemable at the option of the holder thereof, in whole or in\npart,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">in each\ncase prior to 91 days after the Rollover Loan Maturity Date; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that only\nthe portion of Capital Stock which so matures or is mandatorily redeemable, is\nso convertible or exchangeable or is so redeemable at the option of the holder\nthereof prior to such date shall be deemed to be Disqualified Stock; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">further</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that if such\nCapital Stock is issued to any employee or to any plan for the benefit of\nemployees of the Borrower or its Subsidiaries or by any such plan to such\nemployees, such Capital Stock shall not constitute Disqualified Stock solely\nbecause it may be required to be repurchased by the Borrower in order to satisfy\napplicable statutory or regulatory obligations or as a result of such employee’s\ntermination, death or disability; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">further</font>, that any\nclass of Capital Stock of such Person that by its terms authorizes such Person\nto satisfy its obligations thereunder by delivery of Capital Stock that is not\nDisqualified Stock shall not be deemed to be Disqualified Stock.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Documentation Agent</font>”\nshall have the meaning assigned to such term in the introductory paragraph of\nthis Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Dollars</font>” or “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">$</font>” shall mean the\nlawful currency of the United States of America.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Domestic Subsidiary</font>”\nshall mean any Subsidiary that is not a Foreign Subsidiary, a Qualified CFC\nHolding Company or a subsidiary listed on Schedule 1.01(a).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">EBITDA</font>” shall mean,\nwith respect to any Person for any period, the Consolidated Net Income of such\nPerson for such period plus, without duplication, to the extent the same was\ndeducted in calculating Consolidated Net Income:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           Consolidated\nTaxes; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">plus</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           Consolidated\nInterest Expense; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">plus</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           Consolidated\nNon-cash Charges; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">plus</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           business\noptimization expenses and other restructuring charges or expenses (which, for\nthe avoidance of doubt, shall include, without limitation, the effect of\ninventory optimization programs, plant closures, retention, systems\nestablishment costs and excess pension charges); <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that with\nrespect to each business optimization expense or other restructuring charge, the\nBorrower shall have delivered to the Administrative Agent an Officers’\nCertificate</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-16-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">specifying\nand quantifying such expense or charge and stating that such expense or charge\nis a business optimization expense or other restructuring charge, as the case\nmay be; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">plus</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           the\namount of management, monitoring, consulting and advisory fees and related\nexpenses paid to the Funds or any Fund Affiliates (or any accruals relating to\nsuch fees and related expenses) during such period pursuant to the terms of the\nagreements between the Fund Affiliates and the Borrower and its\nSubsidiaries;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"><font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">less</font>, without\nduplication,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(f)           non-cash\nitems increasing Consolidated Net Income for such period (excluding the\nrecognition of deferred revenue or any items which represent the reversal of any\naccrual of, or cash reserve for, anticipated cash charges in any prior period\nand any items for which cash was received in a prior period).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">environment</font>” shall\nmean ambient and indoor air, surface water and groundwater (including potable\nwater, navigable water and wetlands), the land surface or subsurface strata,\nnatural resources such as flora and fauna, the workplace or as otherwise defined\nin any Environmental Law.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Environmental Laws</font>”\nshall mean all applicable laws (including common law), rules, regulations,\ncodes, ordinances, orders, decrees or judgments, promulgated or entered into by\nany Governmental Authority, relating in any way to the environment, preservation\nor reclamation of natural resources, the generation, management, Release or\nthreatened Release of, or exposure to, any Hazardous Material or to occupational\nhealth and safety matters (to the extent relating to the environment or\nHazardous Materials).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Equity Interests</font>”\nshall mean Capital Stock and all warrants, options or other rights to acquire\nCapital Stock (but excluding any debt security that is convertible into, or\nexchangeable for, Capital Stock).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Equity Issuance</font>”\nshall mean, without duplication, any issuance or sale by the Borrower after the\nClosing Date of any Equity Interests in the Borrower or any direct or indirect\nparent of the Borrower (including any Equity Interests issued upon exercise of\nany warrant or option) or any warrants or options to purchase Equity Interests;\n<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that an\nEquity Issuance shall not include (y) any sale or issuance by the Borrower\nor any direct or indirect parent of the Borrower of any Equity Interests\n(including its Equity Interests issued upon exercise of any warrant or option or\nwarrants or options to purchase its Equity Interests but excluding Disqualified\nStock), in each case, to directors, officers or employees of the Borrower or any\ndirect or indirect parent of the Borrower, or any of their Subsidiaries in\nconnection with any employee stock option plan and (z) any sale or issuance\nby the Borrower or any direct or indirect parent of the Borrower of any Equity\nInterests (including its Equity Interests issued upon exercise of any warrant or\noption or warrants or options to purchase its Equity Interests but excluding\nDisqualified Stock), to Holdings, or any Permitted Holder identified in clause\n(i) of the definition thereto.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Equity Offering</font>”\nshall mean any public or private sale after the Closing Date of common stock or\nPreferred Stock of the Borrower or any direct or indirect parent of the\nBorrower, as applicable (other than Disqualified Stock), other\nthan:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(1)           public\nofferings with respect to the Borrower’s or such direct or indirect parent’s\ncommon stock registered on Form S-8; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(2)           any\nsuch public or private sale that constitutes an Excluded\nContribution.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-17-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">ERISA</font>” shall mean the\nEmployee Retirement Income Security Act of 1974, as the same may be amended from\ntime to time and any final regulations promulgated and the rulings issued\nthereunder.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">ERISA Affiliate</font>”\nshall mean any trade or business (whether or not incorporated) that, together\nwith the Borrower or a Subsidiary, is treated as a single employer under\nSection 414(b) or (c) of the Code, or, solely for purposes of\nSection 302 of ERISA and Section 412 of the Code, is treated as a\nsingle employer under Section 414 of the Code.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">ERISA Event</font>” shall\nmean (a) any Reportable Event or the requirements of Section 4043(b) of ERISA\napply with respect to a Plan<font style=\"DISPLAY: inline; FONT-SIZE: 10pt\">;</font> (b) the existence with respect\nto any Plan of an “accumulated funding deficiency” (as defined in\nSection 412 of the Code or Section 302 of ERISA), whether or not\nwaived; (c) the filing pursuant to Section 412(d) of the Code or\nSection 303(d) of ERISA of an application for a waiver of the minimum\nfunding standard with respect to any Plan, the failure to make by its due date a\nrequired installment under Section 412(m) of the Code with respect to any\nPlan or the failure to make any required contribution to a Multiemployer Plan;\n(d) the incurrence by the Borrower, a Subsidiary or any ERISA Affiliate of any\nliability under Title IV of ERISA with respect to the termination of any Plan or\nMultiemployer Plan; (e) the receipt by the Borrower, a Subsidiary or any ERISA\nAffiliate from the PBGC or a plan administrator of any notice relating to an\nintention to terminate any Plan or to appoint a trustee to administer any Plan\nunder Section 4042 of ERISA; (f) the incurrence by the Borrower, a\nSubsidiary or any ERISA Affiliate of any liability with respect to the\nwithdrawal or partial withdrawal from any Plan or Multiemployer Plan; (g) the\nreceipt by the Borrower, a Subsidiary or any ERISA Affiliate of any notice, or\nthe receipt by any Multiemployer Plan from the Borrower, a Subsidiary or any\nERISA Affiliate of any notice, concerning the impending imposition of Withdrawal\nLiability or a determination that a Multiemployer Plan is, or is expected to be,\ninsolvent or in reorganization, within the meaning of Title IV of ERISA; (h) the\nconditions for imposition of a lien under Section 302(f) of ERISA shall have\nbeen met with respect to any Plan; or (i) the adoption of an amendment to a Plan\nrequiring the provision of security to such Plan pursuant to Section 307 of\nERISA<font style=\"DISPLAY: inline; FONT-SIZE: 10pt\">.</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Eurocurrency\nBorrowing</font>” shall mean a Borrowing comprised of Eurocurrency\nLoans.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Eurocurrency Loan</font>”\nshall mean any Bridge Loan bearing interest at a rate determined by reference to\nthe Adjusted LIBO Rate in accordance with the provisions of\nArticle II.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Event of Default</font>”\nshall have the meaning assigned to such term in Section 7.01.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exchange Act</font>” shall\nmean the Securities Exchange Act of 1934, as amended, and the rules and\nregulations of the SEC promulgated thereunder.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exchange Date</font>” shall\nhave the meaning assigned to such term in Section 2.01(d)(ii).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exchange Notes</font>” shall\nhave the meaning assigned to such term in Section 2.01(d)(i).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exchange Notes\nIndenture</font>” shall mean the indenture to be entered into relating to the\nExchange Notes substantially in the form of <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exhibit D</font> (with such\nchanges to cure any ambiguity, omission, defect or inconsistency, in each case,\nas the Joint Lead Arrangers and the Borrower shall agree), as the same may be\namended, modified or supplemented from time to time in accordance with the terms\nthereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exchange Notice</font>”\nshall have the meaning assigned to such term in Section 2.01(d)(i).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-18-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exchange Trigger\nEvent</font>” shall mean on and after the Rollover Date, (a) with respect to the\ninitial Exchange Trigger Event, the receipt by the Administrative Agent of one\nor more Exchange Notices which, individually or together, represent at least\n$100 million aggregate principal amount of Rollover Loans that have not been\nexchanged for Exchange Notes and (b) thereafter (i) the receipt by the\nAdministrative Agent of one or more Exchange Notices which, individually or\ntogether, represent at least $25 million aggregate principal amount of Rollover\nLoans that have not been exchanged for Exchange Notes and (ii) if less than $25\nmillion aggregate principal amount of Rollover Loans are outstanding at such\ntime, the remainder of the then outstanding Rollover Loans..</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Excluded\nContributions</font>” shall mean the Cash Equivalents or other assets (valued at\ntheir Fair Market Value as determined in good faith by senior management or the\nBoard of Directors of the Borrower) received by the Borrower after the Closing\nDate from:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           contributions\nto its common equity capital, and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           the\nsale (other than to a Subsidiary of the Borrower or to any Subsidiary management\nequity plan or stock option plan or any other management or employee benefit\nplan or agreement) of Capital Stock (other than Disqualified Stock and\nDesignated Preferred Stock) of the Borrower,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">in each\ncase designated as Excluded Contributions pursuant to an Officers’ Certificate\nexecuted by an officer of the Borrower on or promptly after the date such\ncapital contributions are made or the date such Capital Stock is sold, as the\ncase may be.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Excluded\nIndebtedness</font>” shall mean all Indebtedness permitted to be incurred under\nSection 6.01 (other than Section 6.01(b)(xvi) and any Permanent\nFinancing).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Excluded Taxes</font>” shall\nmean, with respect to the Administrative Agent, any Lender or any other\nrecipient of any payment to be made by or on account of any obligation of any\nLoan Party hereunder, (a) any income taxes imposed on (or measured by) its net\nincome (or franchise taxes imposed in lieu of net income taxes) by the United\nStates of America (or any state or locality thereof) or the jurisdiction under\nthe laws of which such recipient is organized or in which its principal office\nis located or, in the case of any Lender, in which its applicable Lending Office\nis located or any other jurisdiction as a result of such recipient engaging in a\ntrade or business in such jurisdiction for tax purposes, (b) any branch profits\ntax or any similar tax that is imposed by any jurisdiction described in\nclause (a) above, (c) in the case of a Lender making a Loan to the\nBorrower, any tax (including any backup withholding tax) imposed by the United\nStates (or the jurisdiction under the laws of which such Lender is organized or\nin which its principal office is located or in which its applicable Lending\nOffice is located or any other jurisdiction as a result of such Lender engaging\nin a trade or business or having a taxable presence in such jurisdiction for tax\npurposes) that (x) is in effect and would apply to amounts payable hereunder to\nsuch Lender at the time such Lender becomes a party to such Loan to the Borrower\n(or designates a new Lending Office) except to the extent that the assignor to\nsuch Lender in the case of an assignment or the Lender in the case of a\ndesignation of a new Lending Office (for the absence of doubt, other than the\nLending Office at the time such Lender becomes a party to such Loan) was\nentitled, at the time of such assignment or designation of a new Lending Office,\nrespectively, to receive additional amounts from a Loan Party with respect to\nany withholding tax pursuant to Section 2.17(a) or Section 2.17(c) or\n(y) is attributable to such Lender’s failure to comply with Section 2.17(e)\nor (f) with respect to such Loan and (d) any taxes that are imposed as a result\nof any event occurring after the Lender becomes a Lender (other than a Change in\nLaw) in the case of clause (a), (b), (c) and (d), together with any and all\ninterest and penalties related thereto.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-19-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Existing Senior Security\nAgreement</font>” shall mean the Second Amended and Restated First Lien\nGuarantee and Collateral Agreement dated as of April 3, 2007 among the\nBorrower, Holdings, and the Subsidiaries of the Borrower identified therein, the\nRevolving Facility Collateral Agent and the Term Loan Collateral Agent as the\nsame may be amended, amended and restated or otherwise modified from time to\ntime.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Facility</font>” shall mean\nthe respective facility and commitments utilized in making Loans and credit\nextensions hereunder, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">i.e.</font>, the Bridge\nLoans and the Rollover Loans.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Fair Market Value</font>”\nshall mean, with respect to any asset or property, the price which could be\nnegotiated in an arm’s-length, free market transaction, for cash, between a\nwilling seller and a willing and able buyer, neither of whom is under undue\npressure or compulsion to complete the transaction.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Federal Funds Effective\nRate</font>” shall mean, for any day, the rate per annum equal to the weighted\naverage of the rates on overnight Federal funds transactions with members of the\nFederal Reserve System arranged by Federal funds brokers on such day, as\npublished by the Federal Reserve Bank of New York on the Business Day next\nsucceeding such day; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that (a) if\nsuch day is not a Business Day, the Federal Funds Effective Rate for such day\nshall be such rate on such transactions on the next preceding Business Day as so\npublished on the next succeeding Business Day, and (b) if no such rate is so\npublished on such next succeeding Business Day, the Federal Funds Effective Rate\nfor such day shall be the average rate (rounded upward, if necessary, to a whole\nmultiple of 1/100 of 1%) charged to Bank of America on such day on such\ntransactions as determined by the Administrative Agent.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Fee Letter</font>” shall\nmean that certain Fee Letter dated December 21, 2007 by and among the Borrower,\nBanc of America Bridge LLC, Banc of America Securities LLC, Goldman Sachs Credit\nPartners L.P., Lehman Commercial Paper Inc., Lehman Brothers Commercial Bank and\nLehman Brothers Inc.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Fees</font>” shall have the\nmeaning assigned to such term in Section 2.12(a).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Financial Officer</font>” of\nany Person shall mean the Chief Financial Officer, principal accounting officer,\nTreasurer, Assistant Treasurer or Controller of such Person.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">First Priority Lien\nObligations</font>” shall mean (i) all Secured Bank Indebtedness, (ii) all other\nObligations (not constituting Indebtedness) of the Borrower and its Restricted\nSubsidiaries under the agreements governing Secured Bank Indebtedness, (iii)\nObligations and (iv) all other obligations of the Borrower or any of its\nRestricted Subsidiaries in respect of Hedging Obligations or Obligations in\nrespect of cash management services, in each case owing to a Person that is a\nholder of Indebtedness described in clause (i) or Obligations described in\nclause (ii) or an Affiliate of such holder at the time of entry into such\nHedging Obligations or Obligations in respect of cash management\nservices.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Fixed Charge Coverage\nRatio</font>” shall mean, with respect to any Person for any period, the ratio\nof EBITDA of such Person for such period to the Fixed Charges of such Person for\nsuch period.  In the event that the Borrower or any of its Restricted\nSubsidiaries Incurs, repays, repurchases or redeems any Indebtedness (other than\nin the case of revolving credit borrowings or revolving advances under any\nQualified Receivables Financing, in which case interest expense shall be\ncomputed based upon the average daily balance of such Indebtedness during the\napplicable period) or issues, repurchases or redeems Disqualified Stock or\nPreferred Stock subsequent to the commencement of the period for which the Fixed\nCharge Coverage Ratio is being calculated but prior to the event for which the\ncalculation of the Fixed Charge Coverage Ratio is made (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Calculation Date</font>”),\nthen the Fixed Charge Coverage Ratio shall be</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-20-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">calculated\ngiving pro forma effect to such Incurrence, repayment, repurchase or redemption\nof Indebtedness, or such issuance, repurchase or redemption of Disqualified\nStock or Preferred Stock, as if the same had occurred at the beginning of the\napplicable four-quarter period.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">For\npurposes of making the computation referred to above, Investments, acquisitions,\ndispositions, mergers, consolidations and discontinued operations (as determined\nin accordance with GAAP), in each case with respect to an operating unit of a\nbusiness, and any operational changes that the Borrower or any of its Restricted\nSubsidiaries has determined to make and/or made after the Closing Date and\nduring the four-quarter reference period or subsequent to such reference period\nand on or prior to or simultaneously with the Calculation Date (each, for\npurposes of this definition, a “pro forma event”) shall be calculated on a pro\nforma basis assuming that all such Investments, acquisitions, dispositions,\nmergers, consolidations (including the Transactions) discontinued operations and\noperational changes (and the change of any associated fixed charge obligations\nand the change in EBITDA resulting therefrom) had occurred on the first day of\nthe four-quarter reference period.  If since the beginning of such\nperiod any Person that subsequently became a Restricted Subsidiary or was merged\nwith or into the Borrower or any Restricted Subsidiary since the beginning of\nsuch period shall have made any Investment, acquisition, disposition, merger,\nconsolidation, discontinued operation or operational change, in each case with\nrespect to an operating unit of a business, that would have required adjustment\npursuant to this definition, then the Fixed Charge Coverage Ratio shall be\ncalculated giving pro forma effect thereto for such period as if such\nInvestment, acquisition, disposition, discontinued operation, merger,\nconsolidation or operational change had occurred at the beginning of the\napplicable four-quarter period.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">For\npurposes of this definition, whenever pro forma effect is to be given to any pro\nforma event, the pro forma calculations shall be made in good faith by a\nresponsible financial or accounting officer of the Borrower.  Any such\npro forma calculation may include adjustments appropriate, in the reasonable\ngood faith determination of the Borrower as set forth in an Officers’\nCertificate, to reflect (1) operating expense reductions and other operating\nimprovements or synergies reasonably expected to result from the applicable pro\nforma event (including, to the extent applicable, from the Transactions), and\n(2) all pro forma adjustments of the nature used in similar calculations in the\nSecond Priority Notes Indenture (as in effect on the date hereof), including,\nwithout limitation, as applied to the Transactions.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">If any\nIndebtedness bears a floating rate of interest and is being given pro forma\neffect, the interest on such Indebtedness shall be calculated as if the rate in\neffect on the Calculation Date had been the applicable rate for the entire\nperiod (taking into account any Hedging Obligations applicable to such\nIndebtedness if such Hedging Obligation has a remaining term in excess of 12\nmonths).  Interest on a Capitalized Lease Obligation shall be deemed\nto accrue at an interest rate reasonably determined by a responsible financial\nor accounting officer of the Borrower to be the rate of interest implicit in\nsuch Capitalized Lease Obligation in accordance with GAAP.  For\npurposes of making the computation referred to above, interest on any\nIndebtedness under a revolving credit facility computed on a pro forma basis\nshall be computed based upon the average daily balance of such Indebtedness\nduring the applicable period.  Interest on Indebtedness that may\noptionally be determined at an interest rate based upon a factor of a prime or\nsimilar rate, a eurocurrency interbank offered rate, or other rate, shall be\ndeemed to have been based upon the rate actually chosen, or, if none, then based\nupon such optional rate chosen as the Borrower may designate.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Fixed Charges</font>” shall\nmean, with respect to any Person for any period, the sum, without duplication,\nof:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(1)           Consolidated\nInterest Expense of such Person for such period, and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-21-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(2)           all\ncash dividend payments (excluding items eliminated in consolidation) on any\nseries of Preferred Stock or Disqualified Stock of such Person and its\nRestricted Subsidiaries.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Foreign Pledge\nAgreement</font>” shall mean a pledge agreement with respect to the Pledged\nCollateral that constitutes Equity Interests of a “first tier” Foreign\nSubsidiary, in form and substance reasonably satisfactory to the Collateral\nAgent; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>\nthat in no event shall more than 65% of the issued and outstanding Equity\nInterests of such Foreign Subsidiary be pledged to secure Obligations of the\nBorrower.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Foreign Subsidiary</font>”\nshall mean any Restricted Subsidiary not organized or existing under the laws of\nthe United States of America or any state or territory thereof or the District\nof Columbia and any direct or indirect subsidiary of such Restricted\nSubsidiary.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Fund Affiliates</font>”\nshall mean (i) each Affiliate of any Funds, (ii) any individual who is a partner\nor employee of Apollo Management, L.P., Apollo Management IV, L.P. or Apollo\nManagement V, L.P., Apollo Management VI, L.P., and (iii) Graham BPC Investment\nHoldings, LP.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Fund I</font>” shall mean\nApollo Management V, L.P. and other affiliated co-investment\npartnerships.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Fund II</font>” shall mean\nApollo Management VI, L.P. and other affiliated co-investment partnerships and\nGraham Partners Inc.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Funds</font>” shall mean\nFund I and Fund II, collectively.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">GAAP</font>” shall mean\ngenerally accepted accounting principles in effect from time to time in the\nUnited States, applied on a consistent basis, subject to the provisions of\nSection 1.02; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that any\nreference to the application of GAAP in Sections 3.13(b), 3.20, 5.03 and 5.07 to\na Foreign Subsidiary (and not as a consolidated Subsidiary of the Borrower)\nshall mean generally accepted accounting principles in effect from time to time\nin the jurisdiction of organization of such Foreign Subsidiary.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Governmental\nAuthority</font>” shall mean any federal, state, local or foreign court or\ngovernmental agency, authority, instrumentality or regulatory or legislative\nbody.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">guarantee</font>” shall mean\na guarantee (other than by endorsement of negotiable instruments for collection\nin the ordinary course of business), direct or indirect, in any manner\n(including, without limitation, letters of credit and reimbursement agreements\nin respect thereof), of all or any part of any Indebtedness or other\nobligations.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Guarantee</font>” shall mean\nany guarantee of the obligations of the Borrower under this Agreement by any\nPerson, pursuant to the Collateral Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Hazardous Materials</font>”\nshall mean all pollutants, contaminants, wastes, chemicals, materials,\nsubstances and constituents, including, without limitation, explosive or\nradioactive substances or petroleum or petroleum distillates, asbestos or\nasbestos containing materials, polychlorinated biphenyls or radon gas, of any\nnature subject to regulation or which can give rise to liability under any\nEnvironmental Law.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Hedging Obligations</font>”\nshall mean, with respect to any Person, the obligations of such Person under (i)\ncurrency exchange, interest rate or commodity swap agreements, currency\nexchange, interest rate or commodity cap agreements and currency exchange,\ninterest rate or commodity collar</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-22-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">agreements,\nand (ii) other agreements or arrangements designed to protect such Person\nagainst fluctuations in currency exchange, interest rates or commodity\nprices.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Holdings</font>” shall have\nthe meaning assigned to it in the recitals to this Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Immaterial\nSubsidiary</font>” shall mean any Subsidiary that, as of the last day of the\nfiscal quarter of the Borrower most recently ended, (a) did not have assets with\na value in excess of 5.0% of the Total Assets or revenues representing in excess\nof 5.0% of total revenues of the Borrower and the Subsidiaries on a consolidated\nbasis as of such date and (b) when taken together with all other Immaterial\nSubsidiaries as of such date, did not have assets with a value in excess of\n10.0% of the Total Assets or revenues representing in excess of 10.0% of total\nrevenues of the Borrower and the Subsidiaries on a consolidated basis as of such\ndate.  Each Immaterial Subsidiary as of the Closing Date shall be set\nforth in Schedule 1.01(d).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Incur</font>” shall mean\nissue, assume, guarantee, incur or otherwise become liable for; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that any\nIndebtedness or Capital Stock of a Person existing at the time such Person\nbecomes a Subsidiary (whether by merger, amalgamation, consolidation,\nacquisition or otherwise) shall be deemed to be Incurred by such Person at the\ntime it becomes a Subsidiary.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Indebtedness</font>” shall\nmean, with respect to any Person:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           the\nprincipal and premium (if any) of any indebtedness of such Person, whether or\nnot contingent, (i) in respect of borrowed money, (ii) evidenced by bonds,\nnotes, debentures or similar instruments or letters of credit or bankers’\nacceptances (or, without duplication, reimbursement agreements in respect\nthereof), (iii) representing the deferred and unpaid purchase price of any\nproperty, except any such balance that constitutes a trade payable or similar\nobligation to a trade creditor due within six months from the date on which it\nis Incurred, in each case Incurred in the ordinary course of business, which\npurchase price is due more than six months after the date of placing the\nproperty in service or taking delivery and title thereto, (iv) in respect of\nCapitalized Lease Obligations, or (v) representing any Hedging Obligations, if\nand to the extent that any of the foregoing indebtedness (other than letters of\ncredit and Hedging Obligations) would appear as a liability on a balance sheet\n(excluding the footnotes thereto) of such Person prepared in accordance with\nGAAP;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           to\nthe extent not otherwise included, any obligation of such Person to be liable\nfor, or to pay, as obligor, guarantor or otherwise, on the Indebtedness of\nanother Person (other than by endorsement of negotiable instruments for\ncollection in the ordinary course of business);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           to\nthe extent not otherwise included, Indebtedness of another Person secured by a\nLien on any asset owned by such Person (whether or not such Indebtedness is\nassumed by such Person); <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that the\namount of such Indebtedness will be the lesser of: (i) the Fair Market Value of\nsuch asset at such date of determination, and (ii) the amount of such\nIndebtedness of such other Person; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           to\nthe extent not otherwise included, with respect to the Borrower and its\nRestricted Subsidiaries, the amount then outstanding (<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">i.e</font>., advanced, and\nreceived by, and available for use by, the Borrower or any of its Restricted\nSubsidiaries) under any Receivables Financing (as set forth in the books and\nrecords of the Borrower or any Restricted Subsidiary and confirmed by the agent,\ntrustee or other representative of the institution or group providing such\nReceivables Financing);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-23-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"><font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that\nnotwithstanding the foregoing, Indebtedness shall be deemed not to include (1)\nContingent Obligations incurred in the ordinary course of business and not in\nrespect of borrowed money; (2) deferred or prepaid revenues; (3) purchase price\nholdbacks in respect of a portion of the purchase price of an asset to satisfy\nwarranty or other unperformed obligations of the respective seller; (4)\nObligations under or in respect of Qualified Receivables Financing or (5)\nobligations under the Acquisition Documents.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Notwithstanding\nanything in this Agreement to the contrary, Indebtedness shall not include, and\nshall be calculated without giving effect to, the effects of Statement of\nFinancial Accounting Standards No. 133 and related interpretations to the extent\nsuch effects would otherwise increase or decrease an amount of Indebtedness for\nany purpose under this Agreement as a result of accounting for any embedded\nderivatives created by the terms of such Indebtedness; and any such amounts that\nwould have constituted Indebtedness under this Agreement but for the application\nof this sentence shall not be deemed an Incurrence of Indebtedness under this\nAgreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Indemnified Taxes</font>”\nshall mean all Taxes other than Excluded Taxes.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Indemnitee</font>” shall\nhave the meaning assigned to such term in Section 9.05(b).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Independent Financial\nAdvisor</font>” shall mean an accounting, appraisal or investment banking firm\nor consultant, in each case of nationally recognized standing, that is, in the\ngood faith determination of the Borrower, qualified to perform the task for\nwhich it has been engaged.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Ineligible\nInstitution</font>” shall mean the Persons identified in writing to the\nAdministrative Agent by the Borrower on the Closing Date, and as may be\nidentified in writing to the Administrative Agent by the Borrower from time to\ntime thereafter with the consent of the Administrative Agent (not to be\nunreasonably withheld or delayed), by delivery of a notice thereof to the\nAdministrative Agent setting forth such Person or Persons (or the Person or\nPersons previously identified to the Administrative Agent that are to be no\nlonger considered “Ineligible Institutions”).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Information</font>” shall\nhave the meaning assigned to such term in Section 3.14(a).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Intellectual Property\nRights</font>” shall have the meaning assigned to such term in Section\n3.23.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Intercreditor\nAgreements</font>” shall mean the Senior Lender Intercreditor Agreement, the\nSecond Priority Intercreditor Agreement and the Senior Fixed Lender\nIntercreditor Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Interest Election\nRequest</font>” shall mean a request by the Borrower to convert or continue a\nBorrowing in accordance with Section 2.07.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Interest Expense</font>”\nshall mean, with respect to any Person for any period, the sum of (a) gross\ninterest expense of such Person for such period on a consolidated basis,\nincluding (i) the amortization of debt discounts, (ii) the amortization of all\nfees (including fees with respect to Swap Agreements) payable in connection with\nthe incurrence of Indebtedness to the extent included in interest expense, (iii)\nthe portion of any payments or accruals with respect to Capitalized Lease\nObligations allocable to interest expense, and (iv) net payments and receipts\n(if any) pursuant to interest rate Hedging Obligations, (b) capitalized interest\nof such Person, and (c) commissions, discounts, yield and other fees and charges\nincurred in connection with any Qualified Receivables Financing which are\npayable to any Person other</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-24-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">than the\nBorrower or a Subsidiary Loan Party.  For purposes of the foregoing,\ngross interest expense shall be determined after giving effect to any net\npayments made or received and costs incurred by the Borrower and the\nSubsidiaries with respect to Swap Agreements.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Interest Payment\nDate</font>” shall mean, (a) with respect to any Eurocurrency Loan, the last day\nof each Interest Period applicable to the Borrowing of which such Loan is a part\nand, in addition, the date of any refinancing or conversion of such Borrowing\nwith or to a Borrowing of a different Type, and (b) with respect to any ABR\nLoan, the last Business Day of each calendar quarter and, in addition, the date\nof any conversion of such Borrowing with or to a Borrowing of a different Type\nin accordance with Article II.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Interest Period</font>”\nshall mean, as to any Eurocurrency Borrowing, the period commencing on the date\nof such Borrowing or on the last day of the immediately preceding Interest\nPeriod applicable to such Borrowing, as applicable, and ending on the\nnumerically corresponding day (or, if there is no numerically corresponding day,\non the last day) in the calendar month that is 1, 2 or 3 months thereafter, or\nthe date any Eurocurrency Borrowing is converted to an ABR Borrowing in\naccordance with Section 2.07, 2.14 or 2.20 or repaid or prepaid in\naccordance with Section 2.10 or 2.11; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that if any\nInterest Period would end on a day other than a Business Day, such Interest\nPeriod shall be extended to the next succeeding Business Day unless such next\nsucceeding Business Day would fall in the next calendar month, in which case\nsuch Interest Period shall end on the next preceding Business\nDay.  Interest shall accrue from and including the first day of an\nInterest Period to but excluding the last day of such Interest\nPeriod.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Investment Bank</font>”\nshall mean one or more investment banks engaged to publicly sell or privately\nplace the Permanent Financing reasonably acceptable to the Joint Lead\nArrangers.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Investment Grade\nRating</font>” shall mean a rating equal to or higher than Baa3 (or the\nequivalent) by Moody’s and BBB- (or the equivalent) by S&P, or an equivalent\nrating by any other Rating Agency.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Investment Grade\nSecurities</font>” shall mean:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           securities\nissued or directly and fully guaranteed or insured by the U.S. government or any\nagency or instrumentality thereof (other than Cash Equivalents),</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           securities\nthat have a rating equal to or higher than Baa3 (or equivalent) by Moody’s or\nBBB- (or equivalent) by S&P, or an equivalent rating by any other Rating\nAgency, but excluding any debt securities or loans or advances between and among\nthe Borrower and its Subsidiaries;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           investments\nin any fund that invests exclusively in investments of the type described in\nclauses (a) and (b) which fund may also hold immaterial amounts of cash pending\ninvestment and/or distribution, and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           corresponding\ninstruments in countries other than the United States customarily utilized for\nhigh quality investments and in each case with maturities not exceeding two\nyears from the date of acquisition.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Investments</font>” shall\nmean, with respect to any Person, all investments by such Person in other\nPersons (including Affiliates) in the form of loans (including guarantees),\nadvances or capital contributions (excluding accounts receivable, trade credit\nand advances to customers and commission, travel</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-25-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">and\nsimilar advances to officers, employees and consultants made in the ordinary\ncourse of business), purchases or other acquisitions for consideration of\nIndebtedness, Equity Interests or other securities issued by any other Person\nand investments that are required by GAAP to be classified on the balance sheet\nof the Borrower in the same manner as the other investments included in this\ndefinition to the extent such transactions involve the transfer of cash or other\nproperty.  For purposes of the definition of “Unrestricted Subsidiary”\nand Section 6.04:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           “Investments”\nshall include the portion (proportionate to the Borrower’s equity interest in\nsuch Subsidiary) of the Fair Market Value of the net assets of a Subsidiary of\nthe Borrower at the time that such Subsidiary is designated an Unrestricted\nSubsidiary; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that upon a\nredesignation of such Subsidiary as a Restricted Subsidiary, the Borrower shall\nbe deemed to continue to have a permanent “Investment” in an Unrestricted\nSubsidiary equal to an amount (if positive) equal to:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">                (i)<font id=\"TAB1\" style=\"MARGIN-LEFT: 21.6pt\"></font>the Borrower’s “Investment” in such\nSubsidiary at the time of such redesignation less</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">                (ii)<font id=\"TAB1\" style=\"MARGIN-LEFT: 21.6pt\"></font>the portion (proportionate to the\nBorrower’s equity interest in such Subsidiary) of the Fair Market Value of the\nnet assets of such Subsidiary at the time of such redesignation;\nand</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           any\nproperty transferred to or from an Unrestricted Subsidiary shall be valued at\nits Fair Market Value at the time of such transfer, in each case as determined\nin good faith by the Board of Directors of the Borrower.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Joint Lead Arrangers</font>”\nshall mean Banc of America Securities LLC and Goldman Sachs Credit Partners\nL.P., in their capacities as joint lead arrangers.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Lender</font>” shall mean\neach financial institution listed on <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Schedule 2.01</font>,\nas well as any Person that becomes a “Lender” hereunder pursuant to\nSection 9.04.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Lender Default</font>” shall\nmean (i) the refusal (which has not been retracted) of a Lender to make\navailable its portion of any Borrowing, or (ii) a Lender having notified the\nBorrower and/or the Administrative Agent that it does not intend to comply with\nits obligations under Section 2.06.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Lending Office</font>” shall\nmean, as to any Lender, the applicable branch, office or Affiliate of such\nLender designated by such Lender to make Loans.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Letter of Credit</font>”\nshall mean any letter of credit issued pursuant to the Revolving Credit\nAgreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">LIBOR Rate</font>” shall\nmean, with respect to any Eurocurrency Borrowing for any Interest Period, the\nrate per annum equal to the British Bankers Association LIBOR Rate (“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">BBA LIBOR</font>”), as\npublished by Reuters (or other commercially available source providing\nquotations of BBA LIBOR as designated by the Administrative Agent from time to\ntime) at approximately 11:00 a.m., London time, two Business Days prior to the\ncommencement of such Interest Period, for Dollar deposits (for delivery on the\nfirst day of such Interest Period) with a term equivalent to such Interest\nPeriod; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, that if\nsuch rate is not available at such time for any reason, then the “LIBO Rate” for\nsuch Interest Period shall be the rate per annum determined by the\nAdministrative Agent to be the rate at which deposits in Dollars for delivery on\nthe first day of such Interest Period in same day funds in the approximate\namount of the Eurocurrency Loan being made, continued or converted by Bank of\nAmerica and with a term equivalent</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-26-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">to such\nInterest Period would be offered by Bank of America’s London Branch to major\nbanks in the London interbank eurocurrency market at their request at\napproximately 11:00 a.m. (London time) two Business Days prior to the\ncommencement of such Interest Period.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Lien</font>” shall mean,\nwith respect to any asset, any mortgage, lien, pledge, charge, security interest\nor encumbrance of any kind in respect of such asset, whether or not filed,\nrecorded or otherwise perfected under applicable law (including any conditional\nsale or other title retention agreement, any lease in the nature thereof, any\noption or other agreement to sell or give a security interest in and any filing\nof or agreement to give any financing statement under the Uniform Commercial\nCode (or equivalent statutes) of any jurisdiction); <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that in no\nevent shall an operating lease be deemed to constitute a Lien.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Loan Documents</font>” shall\nmean this Agreement, the Security Documents, the Senior Lender Intercreditor\nAgreement, the Second Priority Intercreditor Agreement, the Senior Fixed Lender\nIntercreditor Agreement and any Note issued under Section 2.09(e), each\nother agreement or instrument delivered pursuant to Section 5.10 hereof and,\nsolely for the purposes of Article IV and Section 7.01 hereof, the Fee\nLetter.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Loan Parties</font>” shall\nmean the Borrower and the Subsidiary Loan Parties.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Loans</font>” shall mean the\nBridge Loans and the Rollover Loans.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Local Time</font>” shall\nmean New York City time.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Management Group</font>”\nshall mean the group consisting of the directors, executive officers and other\nmanagement personnel of the Borrower or any direct or indirect parent of the\nBorrower, as the case may be, on the Closing Date together with (1) any new\ndirectors whose election by such boards of directors or whose nomination for\nelection by the shareholders of the Borrower or any direct or indirect parent of\nthe Borrower, as applicable, was approved by a vote of a majority of the\ndirectors of the Borrower or any direct or indirect parent of the Borrower, as\napplicable, then still in office who were either directors on the Closing Date\nor whose election or nomination was previously so approved and (2) executive\nofficers and other management personnel of the Borrower or any direct or\nindirect parent of the Borrower, as applicable, hired at a time when the\ndirectors on the Closing Date together with the directors so approved\nconstituted a majority of the directors of the Borrower or any direct or\nindirect parent of the Borrower, as applicable.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Margin Stock</font>” shall\nhave the meaning assigned to such term in Regulation U.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Material Adverse\nEffect</font>” shall mean a material adverse effect on the business, property,\noperations or condition of the Borrower and its Subsidiaries, taken as a whole,\nor the validity or enforceability of any of the material Loan Documents or the\nrights and remedies of the Administrative Agent and the Lenders\nthereunder.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Material\nIndebtedness</font>” shall mean Indebtedness (other than Loans) of any one or\nmore of the Borrower or any Subsidiary in an aggregate principal amount\nexceeding $35 million.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Material Subsidiary</font>”\nshall mean any Subsidiary other than an Immaterial Subsidiary.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Maximum Rate</font>” shall\nhave the meaning assigned to such term in Section 9.09.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-27-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Moody’s</font>” shall mean\nMoody’s Investors Service, Inc. or any successor to the rating agency business\nthereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Mortgaged Properties</font>”\nshall mean the Real Properties owned in fee by the Loan Parties required to be\nencumbered by a Mortgage pursuant to Section 5.01 of the Collateral Agreement\nand each additional Real Property encumbered by a Mortgage pursuant to\nSection 5.10.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Mortgages</font>” shall mean\nthe mortgages, trust deeds, deeds of trust, deeds to secure debt, assignments of\nleases and rents, and other security documents delivered with respect to\nMortgaged Properties, each in form and substance reasonably satisfactory to the\nAdministrative Agent and the Borrower, as amended, supplemented or otherwise\nmodified from time to time.  For the avoidance of doubt, Mortgages may\ninclude mortgages delivered under the Term Loan Credit Agreement to the extent\namended to be in a form otherwise satisfactory to the Administrative\nAgent.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Multiemployer Plan</font>”\nshall mean a multiemployer plan as defined in Section 4001(a)(3) of ERISA\nto which the Borrower or any Subsidiary or any ERISA Affiliate (other than one\nconsidered an ERISA Affiliate only pursuant to subsection (m) or (o) of\nCode Section 414) is making or accruing an obligation to make\ncontributions, or has within any of the preceding six plan years made or accrued\nan obligation to make contributions.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Net Income</font>” shall\nmean, with respect to any Person, the net income (loss) of such Person,\ndetermined in accordance with GAAP and before any reduction in respect of\nPreferred Stock dividends.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Net Proceeds</font>” shall\nmean:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           100%\nof the cash proceeds actually received by the Borrower or any Subsidiary Loan\nParty (including any cash payments received by way of deferred payment of\nprincipal pursuant to a note or installment receivable or purchase price\nadjustment receivable or otherwise and including casualty insurance settlements\nand condemnation awards, but only as and when received) from any Asset Sale\n(other than, for the avoidance of doubt, any Asset Sale pursuant to Section\n6.05(a), (b), (c) and (d) of the Term Loan Credit Agreement as in effect on the\ndate hereof, except as contemplated by Section 6.03(b)(ii), (e), (f), (h), (i)\nor (j) of the Term Loan Credit Agreement as in effect on the date hereof), net\nof (i) attorneys’ fees, accountants’ fees, investment banking fees, survey\ncosts, title insurance premiums, and related search and recording charges,\ntransfer taxes, deed or mortgage recording taxes, required debt payments and\nrequired payments of other obligations relating to the applicable asset to the\nextent such debt or obligations are secured by a Lien permitted hereunder (other\nthan pursuant to the Loan Documents or the Revolving Loan Documents) on such\nasset, other customary expenses and brokerage, consultant and other customary\nfees actually incurred in connection therewith, (ii) Taxes paid or payable as a\nresult thereof, and (iii) the amount of any reasonable reserve established in\naccordance with GAAP against any adjustment to the sale price or any liabilities\n(other than any taxes deducted pursuant to clause (i) above) (x) related to any\nof the applicable assets and (y) retained by the Borrower or any of the\nSubsidiaries including, without limitation, pension and other post-employment\nbenefit liabilities and liabilities related to environmental matters or against\nany indemnification obligations (however, the amount of any subsequent reduction\nof such reserve (other than in connection with a payment in respect of any such\nliability) shall be deemed to be Net Proceeds of such Asset Sale occurring on\nthe date of such reduction); <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that, if no\nEvent of Default exists and the Borrower shall deliver a certificate of a\nResponsible Officer of the Borrower to the Administrative Agent promptly\nfollowing receipt of any such proceeds setting forth the Borrower’s intention to\nuse any portion of such proceeds, to acquire, maintain, develop,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-28-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">construct,\nimprove, upgrade or repair assets useful in the business of the Borrower and the\nSubsidiaries or to make Investments in Permitted Business Acquisitions (as\ndefined in the Term Loan Credit Agreement as in effect on the date hereof) , in\neach case within 15 months of such receipt, such portion of such proceeds shall\nnot constitute Net Proceeds except to the extent not, within 15 months of such\nreceipt, so used or contractually committed to be so used (it being understood\nthat if any portion of such proceeds are not so used within such 15-month period\nbut within such 15-month period are contractually committed to be used, then,\nupon the termination of such contract, such remaining portion shall constitute\nNet Proceeds as of the date of such termination or expiry without giving effect\nto this proviso); <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">further</font>, that (A) no\nproceeds realized in a single transaction or series of related transactions\nshall constitute Net Proceeds unless such proceeds shall exceed $5.0 million,\n(B) no proceeds shall constitute Net Proceeds in any fiscal year until the\naggregate amount of all such proceeds in such fiscal year shall exceed\n$10.0<font style=\"DISPLAY: inline; FONT-WEIGHT: bold\"> </font>million, (C)\nat any time during the 15-month period contemplated by the immediately preceding\nproviso above, if, on a Pro Forma Basis (as defined in the Term Loan Credit\nAgreement as in effect on the date hereof) after giving effect to the Asset Sale\nand the application of the proceeds thereof, the Total Net First Lien Leverage\nRatio (as defined in the Term Loan Credit Agreement as in effect on the date\nhereof) is less than or equal to 2.00 to 1.00, up to $75 million of such\nproceeds shall not constitute Net Proceeds, (D) proceeds from any Asset Sale\nshall not constitute Net Proceeds to the extent that the Term Loan Credit\nAgreement requires that such proceeds be applied in payment of any obligations\nthereunder (and such requirement is not waived by the Lenders thereunder), and\n(E) proceeds from the sale or other disposition of any ABL Assets (including any\nindirect sale or other disposition occurring by reason of the indirect sale or\nother disposition of the Person that holds such ABL Assets) shall not constitute\nNet Proceeds to the extent that the Revolving Credit Agreement requires that\nsuch proceeds be applied in payment of any obligations thereunder (and such\nrequirement is not waived by the Lenders thereunder);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           100%\nof the cash proceeds from the incurrence, issuance or sale by the Borrower or\nany Subsidiary Loan Party of any Indebtedness (other than Excluded\nIndebtedness), net of all taxes and fees (including investment banking fees),\ncommissions, costs and other expenses, in each case incurred in connection with\nsuch issuance or sale; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           100%\nof the cash proceeds from the incurrence, issuance or sale by the Borrower of\nany Equity Issuance, net of all taxes and fees (including investment banking\nfees), commissions, costs and other expenses, in each case incurred in\nconnection with such issuance or sale.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">For\npurposes of calculating the amount of Net Proceeds, fees, commissions and other\ncosts and expenses payable to the Borrower or any Affiliate of the Borrower\nshall be disregarded, except for financial advisory fees customary in type and\namount paid to Affiliates of the Funds and otherwise not prohibited from being\npaid hereunder.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">New York Courts</font>”\nshall have the meaning assigned to such term in Section 9.15.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Non-Consenting\nLender</font>” shall have the meaning assigned to such term in\nSection 2.19(c).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Notes</font>” shall mean,\ncollectively, Bridge Notes and Rollover Notes.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Obligations</font>” shall\nmean all amounts owing to the Administrative Agent or any Lender pursuant to the\nterms of this Agreement or any other Loan Document.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-29-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Offering Document</font>”\nshall have the meaning assigned to such term in Section 5.12(d).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Officer</font>” shall mean\nthe Chairman of the Board of Directors, Chief Executive Officer, Chief Financial\nOfficer, President, any Executive Vice President, Senior Vice President or Vice\nPresident, the Treasurer or the Secretary of the Borrower.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Officers’\nCertificate</font>” shall mean a certificate signed on behalf of the Borrower by\ntwo Officers of the Borrower, one of whom must be the principal executive\nofficer, the principal financial officer, the treasurer or the principal\naccounting officer of the Borrower that meets the requirements set forth in this\nAgreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">OID</font>” shall have the\nmeaning assigned to such term in Section 5.12(b).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Opinion of Counsel</font>”\nshall mean a written opinion from legal counsel who is acceptable to the\nAdministrative Agent.  The counsel may be an employee of or counsel to\nthe Borrower or the Administrative Agent.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Other Taxes</font>” shall\nmean any and all present or future stamp or documentary taxes or any other\nexcise, transfer, sales, property, intangible, mortgage recording, or similar\ntaxes, charges or levies arising from any payment made hereunder or from the\nexecution, delivery or enforcement of, or otherwise with respect to, the Loan\nDocuments, and any and all interest and penalties related thereto (but not\nExcluded Taxes).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Parent Entity</font>” shall\nmean any direct or indirect parent of Holdings.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Participant</font>” shall\nhave the meaning assigned to such term in Section 9.04(c).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">PBGC</font>” shall mean the\nPension Benefit Guaranty Corporation referred to and defined in\nERISA.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Perfection\nCertificate</font>” shall mean the Perfection Certificate with respect to the\nBorrower and the other Loan Parties in a form reasonably satisfactory to the\nAdministrative Agent.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Permanent Financing</font>”\nshall mean first priority senior secured debt of the Borrower issued pursuant to\nSection 5.12 hereof and guaranteed by the Subsidiary Loan Parties, which may\ntake the form of loans or debt securities or a combination thereof, that will\nprovide proceeds in an amount sufficient to repay all or any portion then\noutstanding of the principal and other amounts under the Bridge Loans; provided,\nthat there shall be no more than two series (plus any exchange securities) of\nany such Permanent Financing.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Permanent Financing\nOffering</font>” shall have the meaning assigned to such term in Section\n5.12(a).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Permitted Holders</font>”\nshall mean, at any time, each of (i) the Funds and the Fund Affiliates and (ii)\nthe Management Group.  Any Person or group whose acquisition of\nbeneficial ownership constitutes a Change of Control in respect of which a\nChange of Control Offer is made in accordance with the requirements of this\nAgreement will thereafter, together with its Affiliates, constitute an\nadditional Permitted Holder.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-30-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Permitted\nInvestments</font>” shall mean:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           any\nInvestment in the Borrower or any Restricted Subsidiary;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           any\nInvestment in Cash Equivalents or Investment Grade Securities;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           any\nInvestment by the Borrower or any Restricted Subsidiary of the Borrower in a\nPerson if as a result of such Investment (i) such Person becomes a Restricted\nSubsidiary of the Borrower, or (ii) such Person, in one transaction or a series\nof related transactions, is merged, consolidated or amalgamated with or into, or\ntransfers or conveys all or substantially all of its assets to, or is liquidated\ninto, the Borrower or a Restricted Subsidiary of the Borrower;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           any\nInvestment in securities or other assets not constituting Cash Equivalents and\nreceived in connection with an Asset Sale made pursuant to the provisions of\nSection 6.03 or any other disposition of assets not constituting an Asset\nSale;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           any\nInvestment existing on, or made pursuant to binding commitments existing on, the\nClosing Date;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(f)           advances\nto employees, taken together with all other advances made pursuant to this\nclause (f), not to exceed $15.0 million at any one time\noutstanding;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(g)           any\nInvestment acquired by the Borrower or any of its Restricted Subsidiaries (i) in\nexchange for any other Investment or accounts receivable held by the Borrower or\nany such Restricted Subsidiary in connection with or as a result of a\nbankruptcy, workout, reorganization or recapitalization of the issuer of such\nother Investment or accounts receivable, or (ii) as a result of a foreclosure by\nthe Borrower or any of its Restricted Subsidiaries with respect to any secured\nInvestment or other transfer of title with respect to any secured Investment in\ndefault;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(h)           Hedging\nObligations permitted under Section 6.01(b)(x);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)           any\nInvestment by the Borrower or any of its Restricted Subsidiaries in a Similar\nBusiness having an aggregate Fair Market Value, taken together with all other\nInvestments made pursuant to this clause (i) that are at that time outstanding,\nnot to exceed the greater of (x) $100.0 million and (y) 4.5% of Total Assets at\nthe time of such Investment (with the Fair Market Value of each Investment being\nmeasured at the time made and without giving effect to subsequent changes in\nvalue); <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that if any\nInvestment pursuant to this clause (i) is made in any Person that is not a\nRestricted Subsidiary of the Borrower at the date of the making of such\nInvestment and such Person becomes a Restricted Subsidiary of the Borrower after\nsuch date, such Investment shall thereafter be deemed to have been made pursuant\nto clause (a) above and shall cease to have been made pursuant to this clause\n(i) for so long as such Person continues to be a Restricted\nSubsidiary;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(j)           additional\nInvestments by the Borrower or any of its Restricted Subsidiaries having an\naggregate Fair Market Value, taken together with all other Investments made\npursuant to this clause (j) that are at that time outstanding, not to exceed the\ngreater of (x) $100.0 million and (y) 4.5% of Total Assets at the time of such\nInvestment (with the Fair Market Value of each Investment being measured at the\ntime made and without giving effect to subsequent changes in\nvalue);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-31-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(k)           loans\nand advances to officers, directors and employees for business-related travel\nexpenses, moving expenses and other similar expenses, in each case Incurred in\nthe ordinary course of business;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(l)           Investments\nthe payment for which consists of Equity Interests of the Borrower (other than\nDisqualified Stock) or any direct or indirect parent of the Borrower, as\napplicable; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that such\nEquity Interests will not increase the amount available for Restricted Payments\nunder clause (C) of the definition of “Cumulative Credit”;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(m)           any\ntransaction to the extent it constitutes an Investment that is permitted by and\nmade in accordance with the provisions of Section 6.07(b) (except transactions\ndescribed in clauses (ii), (vi), (vii) and (xi)(B) of such\nSection);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(n)           Investments\nconsisting of the licensing or contribution of intellectual property pursuant to\njoint marketing arrangements with other Persons;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(o)           guarantees\nissued in accordance with Section 6.01;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(p)           Investments\nconsisting of or to finance purchases and acquisitions of inventory, supplies,\nmaterials, services or equipment or purchases of contract rights or licenses or\nleases of intellectual property, in each case in the ordinary course of\nbusiness;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(q)           any\nInvestment in a Receivables Subsidiary or any Investment by a Receivables\nSubsidiary in any other Person in connection with a Qualified Receivables\nFinancing, including Investments of funds held in accounts permitted or required\nby the arrangements governing such Qualified Receivables Financing or any\nrelated Indebtedness; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that any\nInvestment in a Receivables Subsidiary is in the form of a Purchase Money Note,\ncontribution of additional receivables or an equity interest;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(r)           additional\nInvestments in joint ventures of the Borrower or any of its Restricted\nSubsidiaries existing on the Closing Date not to exceed at any one time in the\naggregate outstanding, $15.0 million; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(s)           Investments\nof a Restricted Subsidiary of the Borrower acquired after the Closing Date or of\nan entity merged into, amalgamated with, or consolidated with the Borrower or a\nRestricted Subsidiary of the Borrower in a transaction that is not prohibited by\nSection 6.05 after the Closing Date to the extent that such Investments were not\nmade in contemplation of such acquisition, merger, amalgamation or consolidation\nand were in existence on the date of such acquisition, merger, amalgamation or\nconsolidation.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Permitted Liens</font>”\nshall mean, with respect to any Person:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           pledges\nor deposits by such Person under workmen’s compensation laws, unemployment\ninsurance laws or similar legislation, or good faith deposits in connection with\nbids, tenders, contracts (other than for the payment of Indebtedness) or leases\nto which such Person is a party, or deposits to secure public or statutory\nobligations of such Person or deposits of cash or U.S. government bonds to\nsecure surety or appeal bonds to which such Person is a party, or deposits as\nsecurity for contested taxes or import duties or for the payment of rent, in\neach case Incurred in the ordinary course of business;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-32-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           Liens\nimposed by law, such as carriers’, warehousemen’s and mechanics’ Liens, in each\ncase for sums not yet due or being contested in good faith by appropriate\nproceedings or other Liens arising out of judgments or awards against such\nPerson with respect to which such Person shall then be proceeding with an appeal\nor other proceedings for review;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           Liens\nfor taxes, assessments or other governmental charges not yet due or payable or\nsubject to penalties for nonpayment or which are being contested in good faith\nby appropriate proceedings;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           Liens\nin favor of issuers of performance and surety bonds or bid bonds or with respect\nto other regulatory requirements or letters of credit issued pursuant to the\nrequest of and for the account of such Person in the ordinary course of its\nbusiness;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           minor\nsurvey exceptions, minor encumbrances, easements or reservations of, or rights\nof others for, licenses, rights-of-way, sewers, electric lines, telegraph and\ntelephone lines and other similar purposes, or zoning or other restrictions as\nto the use of real properties or Liens incidental to the conduct of the business\nof such Person or to the ownership of its properties which were not Incurred in\nconnection with Indebtedness and which do not in the aggregate materially\nadversely affect the value of said properties or materially impair their use in\nthe operation of the business of such Person;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(f)           (A)\nLiens on assets of a Restricted Subsidiary that is not a Loan Party securing\nIndebtedness of such Restricted Subsidiary, permitted to be Incurred pursuant to\nSection 6.01, (B) Liens securing an aggregate principal amount of First Priority\nLien Obligations not to exceed the greater of (x) the aggregate amount of\nIndebtedness permitted to be incurred pursuant to clause (i) of Section 6.01(b)\nand (y) the maximum principal amount of Indebtedness that, as of the date such\nIndebtedness was Incurred, and after giving effect to the Incurrence of such\nIndebtedness and the application of proceeds therefrom on such date, would not\ncause the Secured Indebtedness Leverage Ratio of the Borrower to exceed 4.00 to\n1.00, and (C) Liens securing Indebtedness permitted to be Incurred pursuant to\nclause (iv), (xii) or (xx) of Section 6.01(b) (<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that in the\ncase of clause (xx), such Lien does not extend to the property or assets of any\nSubsidiary of the Borrower other than a Foreign Subsidiary);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(g)           Liens\nexisting on the Closing Date (including after giving effect to the\nTransactions);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(h)           Liens\non assets, property or shares of stock of a Person at the time such Person\nbecomes a Subsidiary; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that such\nLiens are not created or Incurred in connection with, or in contemplation of,\nsuch other Person becoming such a Subsidiary; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">further</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that such\nLiens may not extend to any other property owned by the Borrower or any\nRestricted Subsidiary of the Borrower);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)           Liens\non assets or property at the time the Borrower or a Restricted Subsidiary of the\nBorrower acquired the assets or property, including any acquisition by means of\na merger, amalgamation or consolidation with or into the Borrower or any\nRestricted Subsidiary of the Borrower; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that such\nLiens are not created or Incurred in connection with, or in contemplation of,\nsuch acquisition; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">further</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that the\nLiens may not extend to any other property owned by the Borrower or any\nRestricted Subsidiary of the Borrower;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-33-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(j)           Liens\nsecuring Indebtedness or other obligations of a Restricted Subsidiary owing to\nthe Borrower or another Restricted Subsidiary of the Borrower permitted to be\nIncurred in accordance with Section 6.01;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(k)           Liens\nsecuring Hedging Obligations not incurred in violation of this Agreement; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that with\nrespect to Hedging Obligations relating to Indebtedness, such Lien extends only\nto the property securing such Indebtedness;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(l)           Liens\non specific items of inventory or other goods and proceeds of any Person\nsecuring such Person’s obligations in respect of bankers’ acceptances issued or\ncreated for the account of such Person to facilitate the purchase, shipment or\nstorage of such inventory or other goods;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(m)           leases\nand subleases of real property which do not materially interfere with the\nordinary conduct of the business of the Borrower or any of its Restricted\nSubsidiaries;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(n)           Liens\narising from Uniform Commercial Code financing statement filings regarding\noperating leases entered into by the Borrower and its Restricted Subsidiaries in\nthe ordinary course of business;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(o)           Liens\nin favor of the Borrower or any Subsidiary Loan Party;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(p)           Liens\non accounts receivable and related assets of the type specified in the\ndefinition of “Receivables Financing” Incurred in connection with a Qualified\nReceivables Financing;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(q)           deposits\nmade in the ordinary course of business to secure liability to insurance\ncarriers;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(x)           Liens\non the Equity Interests of Unrestricted Subsidiaries;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(y)           grants\nof software and other technology licenses in the ordinary course of\nbusiness;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(z)           Liens\nto secure any refinancing, refunding, extension, renewal or replacement (or\nsuccessive refinancings, refundings, extensions, renewals or replacements) as a\nwhole, or in part, of any Indebtedness secured by any Lien referred to in the\nforegoing clauses (f)(B), (g), (h), (i), (j), (k) and (o); <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that (x)\nsuch new Lien shall be limited to all or part of the same property that secured\nthe original Lien (plus improvements on such property), and (y) the Indebtedness\nsecured by such Lien at such time is not increased to any amount greater than\nthe sum of (A) the outstanding principal amount or, if greater, committed amount\nof the Indebtedness described under clauses (f)(B), (g), (h), (i), (j), (k) and\n(o) at the time the original Lien became a Permitted Lien under this Agreement,\nand (B) an amount necessary to pay any fees and expenses, including premiums,\nrelated to such refinancing, refunding, extension, renewal or replacement; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">further</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that in the\ncase of any Liens to secure any refinancing, refunding, extension or renewal of\nIndebtedness secured by a Lien referred to in clause (f)(B), the principal\namount of any Indebtedness Incurred for such refinancing, refunding, extension\nor renewal shall be deemed secured by a Lien under clause (f)(B) and not this\nclause (z) for purposes of determining the principal amount of Indebtedness\noutstanding under clause (f)(B), for purposes of the definition of Secured Bank\nIndebtedness;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><br> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(aa)           Liens\non equipment of the Borrower or any Restricted Subsidiary granted in the\nordinary course of business to the Borrower’s or such Restricted Subsidiary’s\nclient at which such equipment is located;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(bb)           judgment\nand attachment Liens not giving rise to an Event of Default and notices of lis\npendens and associated rights related to litigation being contested in good\nfaith by appropriate proceedings and for which adequate reserves have been\nmade;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-34-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(cc)           Liens\narising out of conditional sale, title retention, consignment or similar\narrangements for the sale of goods entered into in the ordinary course of\nbusiness;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(dd)           Liens\nincurred to secure cash management services in the ordinary course of\nbusiness;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ee)           other\nLiens securing obligations incurred in the ordinary course of business which\nobligations do not exceed $20.0 million at any one time\noutstanding;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ff)           Liens\nsecuring Indebtedness or other obligations permitted to be Incurred in\naccordance with Section 6.01(b)(ii); and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(gg)           Liens\non the Collateral in favor of any collateral agent relating to such collateral\nagent’s administrative expenses with respect to the Collateral.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Person</font>” shall mean\nany individual, corporation, partnership, limited liability company, joint\nventure, association, joint-stock company, trust, unincorporated organization,\ngovernment or any agency or political subdivision thereof or any other\nentity.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Plan</font>” shall mean any\nemployee pension benefit plan, as such term is defined in Section 3(2) of ERISA,\n(other than a Multiemployer Plan), (i) subject to the provisions of Title IV of\nERISA, (ii) sponsored or maintained (at the time of determination or at any time\nwithin the five years prior thereto) by the Borrower or any ERISA Affiliate, or\n(iii) in respect of which the Borrower, any Subsidiary or any ERISA Affiliate is\n(or, if such plan were terminated, would under Section 4069 of ERISA be\ndeemed to be) an “employer” as defined in Section 3(5) of\nERISA.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Platform</font>” shall have\nthe meaning assigned to such term in Section 9.17.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Pledged Collateral</font>”\nshall have the meaning assigned to such term in the Collateral\nAgreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Possessory Collateral\nAgent</font>” shall have the meaning assigned to such term in the Senior Lender\nCollateral Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Preferred Stock</font>”\nshall mean any Equity Interest with preferential right of payment of dividends\nor upon liquidation, dissolution, or winding up.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Pro Forma Adjusted\nEBITDA</font>” shall have the meaning assigned to such term in\nSection 3.05(a).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Pro Forma Financial\nStatements</font>” shall have the meaning assigned to such term in\nSection 3.05(a).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Projections</font>” shall\nmean the projections of the Borrower and the Subsidiaries and any other\nprojections and any forward-looking statements (including statements with\nrespect to booked business) of such entities furnished to the Lenders or the\nAdministrative Agent by or on behalf of the Borrower or any of the Subsidiaries\nprior to the Closing Date.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Public Lender</font>” shall\nhave the meaning assigned to such term in Section 9.17.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-35-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Purchase Money Note</font>”\nshall mean a promissory note of a Receivables Subsidiary evidencing a line of\ncredit, which may be irrevocable, from the Borrower or any Subsidiary of the\nBorrower to a Receivables Subsidiary in connection with a Qualified Receivables\nFinancing, which note is intended to finance that portion of the purchase price\nthat is not paid by cash or a contribution of equity.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Qualified CFC Holding\nCompany</font>” shall mean a Wholly Owned Subsidiary of the Borrower that is a\nlimited liability company, the primary asset of which consists of Equity\nInterests in either (i) a Foreign Subsidiary or (ii) a limited\nliability company the primary asset of which consists of Equity Interests in a\nForeign Subsidiary.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Qualified Receivables\nFinancing</font>” shall mean any Receivables Financing of a Receivables\nSubsidiary that meets the following conditions:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           the\nBoard of Directors of the Borrower shall have determined in good faith that such\nQualified Receivables Financing (including financing terms, covenants,\ntermination events and other provisions) is in the aggregate economically fair\nand reasonable to the Borrower and the Receivables Subsidiary;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           all\nsales of accounts receivable and related assets to the Receivables Subsidiary\nare made at Fair Market Value (as determined in good faith by the Borrower);\nand</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           the\nfinancing terms, covenants, termination events and other provisions thereof\nshall be market terms (as determined in good faith by the Borrower) and may\ninclude Standard Securitization Undertakings.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">The grant\nof a security interest in any accounts receivable of the Borrower or any of its\nRestricted Subsidiaries (other than a Receivables Subsidiary) to secure Bank\nIndebtedness, Indebtedness in respect of the Loans or any Refinancing\nIndebtedness with respect to the Loans shall not be deemed a Qualified\nReceivables Financing.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Rate Cap</font>” shall mean,\nwith respect to Eurocurrency Loans, the Adjusted LIBO Rate in effect from time\nto time plus 5.25% per annum, and with respect to Base Rate Loans, ABR as in\neffect from time to time plus 4.25% per annum.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Rating Agency</font>” shall\nmean (1) each of Moody’s and S&P and (2) if Moody’s or S&P ceases to\nrate the Loans for reasons outside of the Borrower’s control, a “nationally\nrecognized statistical rating organization” within the meaning of Rule\n15cs-1(c)(2)(vi)(F) under the Exchange Act selected by the Borrower or any\ndirect or indirect parent of the Borrower as a replacement agency for Moody’s or\nS&P, as the case may be.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Real Property</font>” shall\nmean, collectively, all right, title and interest (including any leasehold\nestate) in and to any and all parcels of or interests in real property owned in\nfee or leased by any Loan Party, together with, in each case, all easements,\nhereditaments and appurtenances relating thereto, all improvements and\nappurtenant fixtures incidental to the ownership or lease thereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><br> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Receivables Fees</font>”\nshall mean distributions or payments made directly or by means of discounts with\nrespect to any participation interests issued or sold in connection with, and\nall other fees paid to a Person that is not a Restricted Subsidiary in\nconnection with, any Receivables Financing.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Receivables\nFinancing</font>” shall mean any transaction or series of transactions that may\nbe entered into by the Borrower or any of its Subsidiaries pursuant to which the\nBorrower or any of its Subsidiaries may sell, convey or otherwise transfer to\n(a) a Receivables Subsidiary (in the case of a transfer by the Borrower or any\nof its Subsidiaries); and (b) any other Person (in the case of a transfer by a\nReceivables Subsidiary), or may grant a security interest in, any accounts\nreceivable (whether now existing or arising in the future) of the Borrower or\nany of its Subsidiaries, and any assets related thereto including, without\nlimitation, all collateral securing such accounts receivable, all contracts and\nall guarantees or other obligations in respect of such accounts receivable,\nproceeds of such accounts receivable and other assets which are customarily\ntransferred or in respect of which security interests are customarily granted in\nconnection with asset securitization transactions involving accounts receivable\nand any Hedging Obligations entered into by the Borrower or any such Subsidiary\nin connection with such accounts receivable.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-36-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Receivables Repurchase\nObligation</font>” shall mean any obligation of a seller of receivables in a\nQualified Receivables Financing to repurchase receivables arising as a result of\na breach of a representation, warranty or covenant or otherwise, including as a\nresult of a receivable or portion thereof becoming subject to any asserted\ndefense, dispute, off-set or counterclaim of any kind as a result of any action\ntaken by, any failure to take action by or any other event relating to the\nseller.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Receivables\nSubsidiary</font>” shall mean a Wholly Owned Restricted Subsidiary of the\nBorrower (or another Person formed for the purposes of engaging in Qualified\nReceivables Financing with the Borrower in which the Borrower or any Subsidiary\nof the Borrower makes an Investment and to which the Borrower or any Subsidiary\nof the Borrower transfers accounts receivable and related assets) which engages\nin no activities other than in connection with the financing of accounts\nreceivable of the Borrower and its Subsidiaries, all proceeds thereof and all\nrights (contractual or other), collateral and other assets relating thereto, and\nany business or activities incidental or related to such business, and which is\ndesignated by the Board of Directors of the Borrower (as provided below) as a\nReceivables Subsidiary and:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           no\nportion of the Indebtedness or any other obligations (contingent or otherwise)\nof which (i) is guaranteed by the Borrower or any other Subsidiary of the\nBorrower (excluding guarantees of obligations (other than the principal of and\ninterest on, Indebtedness) pursuant to Standard Securitization Undertakings),\n(ii) is recourse to or obligates the Borrower or any other Subsidiary of the\nBorrower in any way other than pursuant to Standard Securitization Undertakings,\nor (iii) subjects any property or asset of the Borrower or any other Subsidiary\nof the Borrower, directly or indirectly, contingently or otherwise, to the\nsatisfaction thereof, other than pursuant to Standard Securitization\nUndertakings;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           with\nwhich neither the Borrower nor any other Subsidiary of the Borrower has any\nmaterial contract, agreement, arrangement or understanding other than on terms\nwhich the Borrower reasonably believes to be no less favorable to the Borrower\nor such Subsidiary than those that might be obtained at the time from Persons\nthat are not Affiliates of the Borrower; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           to\nwhich neither the Borrower nor any other Subsidiary of the Borrower has any\nobligation to maintain or preserve such entity’s financial condition or cause\nsuch entity to achieve certain levels of operating results.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><br> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Any such\ndesignation by the Board of Directors of the Borrower shall be evidenced to the\nAdministrative Agent by filing with the Administrative Agent a certified copy of\nthe resolution of the Board of Directors of the Borrower giving effect to such\ndesignation and an Officers’ Certificate certifying that such designation\ncomplied with the foregoing conditions.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Reference Period</font>”\nshall have the meaning assigned to such term in the definition of “Cumulative\nCredit” contained in Section 1.01.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-37-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Refinancing\nIndebtedness</font>” shall have the meaning assigned to such term in Section\n6.01(b)(xiv).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Refunding Capital\nStock</font>” shall have the meaning assigned to such term in Section\n6.04(b)(ii).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Register</font>” shall have\nthe meaning assigned to such term in Section 9.04(b)(iv).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Registration Rights\nAgreement</font>” shall mean the Registration Rights Agreements substantially in\nthe form of <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exhibit\nG</font> (with such changes to cure ambiguity, omission, defect or inconsistency\nas the Joint Lead Arrangers and the Borrower shall approve), as may be amended,\nmodified or supplemented in accordance with the terms thereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Registration\nStatement</font>” shall have the meaning assigned to such term in Section\n5.12(c).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Regulation U</font>” shall\nmean Regulation U of the Board as from time to time in effect and all official\nrulings and interpretations thereunder or thereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Regulation X</font>” shall\nmean Regulation X of the Board as from time to time in effect and all official\nrulings and interpretations thereunder or thereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Related Fund</font>” shall\nmean, with respect to any Lender that is a fund that invests in bank or\ncommercial loans and similar extensions of credit, any other fund that invests\nin bank or commercial loans and similar extensions of credit and is advised or\nmanaged by (a) such Lender, (b) an Affiliate of such Lender or (c) an entity (or\nan Affiliate of such entity) that administers, advises or manages such\nLender.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Related Parties</font>”\nshall mean, with respect to any specified Person, such Person’s Affiliates and\nthe respective directors, trustees, officers, employees, agents and advisors of\nsuch Person and such Person’s Affiliates.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Release</font>” shall mean\nany spilling, leaking, seepage, pumping, pouring, emitting, emptying,\ndischarging, injecting, escaping, leaching, dumping, disposing, depositing,\nemanating or migrating in, into, onto or through the environment.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Reportable Event</font>”\nshall mean any reportable event as defined in Section 4043(c) of ERISA or\nthe regulations issued thereunder, other than those events as to which the\n30-day notice period referred to in Section 4043(c) of ERISA has been\nwaived, with respect to a Plan (other than a Plan maintained by an ERISA\nAffiliate that is considered an ERISA Affiliate only pursuant to\nsubsection (m) or (o) of Section 414 of the Code).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Required Lenders</font>”\nshall mean, at any time, Lenders having Loans outstanding that represent more\nthan 50% of all Loans outstanding.  The Loans of any Defaulting Lender\nshall be disregarded in determining Required Lenders at any time.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Responsible Officer</font>”\nof any Person shall mean any executive officer or Financial Officer of such\nPerson and any other officer or similar official thereof responsible for the\nadministration of the obligations of such Person in respect of this\nAgreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Restricted\nInvestment</font>” shall mean an Investment other than a Permitted\nInvestment.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-38-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“</font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"><font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Restricted Payment</font>”\nshall have the meaning assigned to such term in Section 6.04(a).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Restricted\nSubsidiary</font>” shall mean, with respect to any Person, any Subsidiary of\nsuch Person other than an Unrestricted Subsidiary of such\nPerson.  Unless otherwise indicated in this Agreement, all references\nto Restricted Subsidiaries shall mean Restricted Subsidiaries of the\nBorrower.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Retired Capital\nStock</font>” shall have the meaning assigned to such term in Section\n6.04(b)(ii).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Reversion Date</font>” shall\nhave the meaning assigned to such term in Section 6.09(c).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Revolving Credit\nAgreement</font>” shall mean the Amended and Restated Revolving Credit\nAgreement, dated April 3, 2007, by and among the Borrower, Berry Plastics\nGroup, Inc., certain Subsidiaries of the Borrower, Bank of America, N.A., as\nadministrative agent, and the other lenders party thereto, as amended, restated,\nsupplemented, waived, replaced (whether or not upon termination, and whether\nwith the original lenders or otherwise), restructured, repaid, refunded,\nrefinanced or otherwise modified from time to time, including any agreement or\nindenture extending the maturity thereof, refinancing, replacing or otherwise\nrestructuring all or any portion of the Indebtedness under such agreement or\nagreements or indenture or indentures or any successor or replacement agreement\nor agreements or indenture or indentures or increasing the amount loaned or\nissued thereunder or altering the maturity thereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Revolving Facility\nAdministrative Agent</font>” shall mean Bank of America, N.A., as administrative\nagent for the lenders under the Revolving Credit Agreement, together with its\nsuccessors and permitted assigns under the Revolving Credit Agreement exercising\nsubstantially the same rights and powers, or such other agent as may from time\nto time be appointed thereunder.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Revolving Facility\nCollateral Agent</font>” shall mean Bank of America, N.A., as collateral agent\nfor the lenders under the Revolving Credit Agreement, together with its\nsuccessors and permitted assigns under the Revolving Credit Agreement exercising\nsubstantially the same rights and powers, or such other agent as may from time\nto time be appointed thereunder.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Revolving Facility\nLenders</font>” shall mean the “Lenders” under and as defined in the Revolving\nCredit Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Revolving Facility\nObligations</font>” shall mean all “Obligations” (as such term is defined in the\nRevolving Credit Agreement) now or hereafter owing to Revolving Facility Secured\nParties, and all other indebtedness and obligations now or hereafter owing to\nthe Revolving Facility Secured Parties that is secured by any of the Bank\nAgreement Security Documents.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Revolving Facility Secured\nParties</font>” shall mean (a) the Revolving Facility Lenders (and any\nAffiliate of a Revolving Facility Lender designated by the Borrower as a\nprovider of cash manag</font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">ment\nservices to which any obligation referred to in clause (c) of the\ndefinition of the term “Obligations” (as defined in the Existing Senior Security\nAgreement) is owed), (b) the Revolving Facility Administrative Agent and\nthe Revolving Facility Collateral Agent, (c) each Issuing Bank (as defined\nin the Revolving Credit Agreement) party to the Revolving Credit Agreement,\n(d) each counterparty to any Swap Agreement entered into with the Borrower\nor any Subsidiary Loan Party party to the Revolving Credit Agreement, the\nobligations under which constitute “Obligations” (as defined in the Existing\nSenior Security Agreement), (e) the beneficiaries of each indemnification\nobligation undertaken by the Borrower or any Subsidiary Loan Party party to the\nRevolving Credit Agreement under any Loan Document (as defined in the Revolving\nCredit Agreement) and (f) the successors and permitted assigns of each of\nthe foregoing.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-39-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Revolving Facility Senior\nCollateral</font>” shall have the meaning assigned to such term in the Senior\nLender Intercreditor Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Revolving Loan\nDocuments</font>” shall mean the “Loan Documents” as defined in the Revolving\nCredit Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Rollover Conversion</font>”\nshall have the meaning set forth in Section 2.01(b).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Rollover Date</font>” shall\nmean the Bridge Loan Maturity Date, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> the Rollover\nConversion occurs on such date.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Rollover Loan</font>” shall\nhave the meaning assigned to such term in Section 2.01(b).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Rollover Loan</font><font style=\"DISPLAY: inline; TEXT-DECORATION: underline\"> Maturity Date</font>” shall\nmean February 5, 2015.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Rollover Note</font>” shall\nhave the meaning set forth in Section 2.09(e).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">S&P</font>” shall mean\nStandard & Poor’s Ratings Group, Inc. or any successor to the rating agency\nbusiness thereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Sale/Leaseback\nTransaction</font>” shall mean an arrangement relating to property now owned or\nhereafter acquired by the Borrower or a Restricted Subsidiary whereby the\nBorrower or a Restricted Subsidiary transfers such property to a Person and the\nBorrower or a Restricted Subsidiary leases it from such Person, other than\nleases between the Borrower and a Restricted Subsidiary of the Borrower or\nbetween Restricted Subsidiaries of the Borrower.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">SEC</font>” shall mean the\nSecurities and Exchange Commission or any successor thereto.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Second Priority\nIntercreditor Agreement</font>” shall mean the Second Amended and Restated\nIntercreditor Agreement, to be dated as of the Closing Date, by and among the\nCollateral Agent, the Second Priority Notes Trustee, the Term Loan Collateral\nAgent, the Revolving Facility Collateral Agent, the Borrower, the Subsidiary\nLoan Parties and Berry Plastics Group, Inc., as may be amended, restated or\notherwise supplemented.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Second Priority\nNotes</font>” shall mean the 8⅞% Second Priority Fixed Rate Senior Secured Notes\ndue 2014 and the Second Priority Senior Secured Floating Rate Notes due 2014\nissued by the Borrower on September 20, 2006.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Second Priority Notes\nIndenture</font>” shall mean the indenture dated as of September 20, 2006\namong the Borrower and certain of its subsidiaries party thereto and the trustee\nnamed therein from</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-40-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">time to\ntime, as amended, restated, supplemented or otherwise modified from time to time\nin accordance with the requirements thereof and of this Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Second Priority Notes\nTrustee</font>” shall mean Wells Fargo Bank, N.A., as collateral trustee for the\nholders of the Second Priority Notes.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Secured Bank\nIndebtedness</font>” shall mean the Revolving Facility Obligations, the Term\nLoan Obligations and any Bank Indebtedness that is secured by a Permitted Lien\nincurred or deemed incurred pursuant to clause (f)(B) of the definition of\nPermitted Lien.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Secured Indebtedness</font>”\nshall mean any Indebtedness secured by a Lien.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Secured Indebtedness\nLeverage Ratio</font>” shall mean, with respect to any Person at any date, the\nratio of (i) Secured Indebtedness of such Person and its Restricted Subsidiaries\nas of such date of calculation (determined on a consolidated basis in accordance\nwith GAAP) that constitutes First Priority Lien Obligations to (ii) EBITDA of\nsuch Person for the four full fiscal quarters for which internal financial\nstatements are available immediately preceding such date on which such\nadditional Indebtedness is Incurred. In the event that the Borrower or any of\nits Restricted Subsidiaries Incurs, repays, repurchases or redeems any\nIndebtedness subsequent to the commencement of the period for which the Secured\nIndebtedness Leverage Ratio is being calculated but prior to the event for which\nthe calculation of the Secured Indebtedness Leverage Ratio is made (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Secured Leverage Calculation\nDate</font>”), then the Secured Indebtedness Leverage Ratio shall be calculated\ngiving pro forma effect to such Incurrence, repayment, repurchase or redemption\nof Indebtedness as if the same had occurred at the beginning of the applicable\nfour-quarter period; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that the\nBorrower may elect, pursuant to an Officers’ Certificate delivered to the\nAdministrative Agent to treat all or any portion of the commitment under any\nIndebtedness as being Incurred such time, in which case any subsequent\nIncurrence of Indebtedness under such commitment shall not be deemed, for\npurposes of this calculation, to be an Incurrence at such subsequent\ntime.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">For\npurposes of making the computation referred to above, Investments, acquisitions,\ndispositions, mergers, consolidations and discontinued operations (as determined\nin accordance with GAAP), in each case with respect to an operating unit of a\nbusiness, and any operational changes that the Borrower or any of its Restricted\nSubsidiaries has determined to make and/or made after the Closing Date and\nduring the four-quarter reference period or subsequent to such reference period\nand on or prior to or simultaneously with the Secured Leverage Calculation Date\n(each, for purposes of this definition, a “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">pro forma event</font>”)\nshall be calculated on a pro forma basis assuming that all such Investments,\nacquisitions, dispositions, mergers, consolidations (including the\nTransactions), discontinued operations and other operational changes (and the\nchange of any associated Indebtedness and the change in EBITDA resulting\ntherefrom) had occurred on the first day of the four-quarter reference period.\nIf since the beginning of such period any Person that subsequently became a\nRestricted Subsidiary or was merged with or into the Borrower or any Restricted\nSubsidiary since the beginning of such period shall have made any Investment,\nacquisition, disposition, merger, consolidation, discontinued operation or\noperational change, in each case with respect to an operating unit of a\nbusiness, that would have required adjustment pursuant to this definition, then\nthe Secured Indebtedness Leverage Ratio shall be calculated giving pro forma\neffect thereto for such period as if such Investment, acquisition, disposition,\ndiscontinued operation, merger, consolidation or operational change had occurred\nat the beginning of the applicable four-quarter period.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">For\npurposes of this definition, whenever pro forma effect is to be given to any pro\nforma event, the pro forma calculations shall be made in good faith by a\nresponsible financial or accounting officer of the Borrower. Any such pro forma\ncalculation may include adjustments appropriate, in the reasonable good faith\ndetermination of the Borrower as set forth in an Officers’ Certificate, to\nreflect (1) operating expense reductions and other operating improvements or\nsynergies reasonably expected to result </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">from the\napplicable pro forma event (including, to the extent applicable, from the\nTransactions), and (2) all pro forma adjustments of the nature used in similar\ncalculations in the Second Priority Notes Indenture (as in effect on the date\nhereof), including, without limitation, as applied to the\nTransactions.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Secured Parties</font>”\nshall mean the “Secured Parties” as defined in the Collateral\nAgreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Securities Act</font>” shall\nmean the Securities Act of 1933, as amended, and the rules and regulations of\nthe SEC promulgated thereunder.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Securities Demand\nPeriod</font>” has the meaning set forth in Section 5.12(a).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-41-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Security Documents</font>”\nshall mean the Mortgages, the Collateral Agreement, the Foreign Pledge\nAgreements and each of the security agreements and other instruments and\ndocuments executed and delivered pursuant to any of the foregoing or pursuant to\nSection 5.10.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Senior Fixed Lender\nIntercreditor Agreement</font>” shall mean the Senior Fixed Collateral Priority\nand Intercreditor Agreement, to be dated as of the Closing Date, by and among\nthe Collateral Agent, the Term Loan Collateral Agent, the Borrower, certain\nSubsidiary Loan Parties and Berry Plastics Group, Inc., as amended, supplemented\nor otherwise modified from time to time.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Senior Fixed\nObligations</font>” shall mean all First Priority Lien Obligations other than\nRevolving Facility Obligations.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Senior Lender Intercreditor\nAgreement</font>” shall mean the Second Amended and Restated Senior Lender\nPriority and Intercreditor Agreement, to be dated as of the Closing Date, by and\namong the Collateral Agent, the Term Loan Collateral Agent, the Revolving\nFacility Collateral Agent, the Borrower, the Subsidiary Loan Parties and Berry\nPlastics Group, Inc., as amended, supplemented or otherwise modified from time\nto time.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Senior Secured Credit\nFacilities</font>” shall mean the Revolving Credit Agreement and the Term Loan\nCredit Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Senior Subordinated\nNotes</font>” shall mean the 11% Senior Subordinated Notes due 2016 of the\nBorrower issued on September 20, 2006 and the 10¼% Senior Subordinated\nNotes due 2016 of the Borrower issued on February 16, 2006.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Senior Subordinated Notes\nIndentures</font>” shall mean the Indenture dated as of February 16, 2006, under\nwhich the Borrower’s 10¼% Senior Subordinated Notes due 2016 were issued, among\nthe Borrower and certain of the Subsidiaries party thereto and the trustee named\ntherein from time to time, and the Indenture dated as of September 20, 2006,\nunder which the Borrower’s 11% Senior Subordinated Notes due 2016 were issued,\namong the Borrower and certain of its subsidiaries party thereto and the trustee\nnamed therein from time to time, in each case as in effect as of the date hereof\nand as amended, restated, supplemented or otherwise modified from time to time\nin accordance with the requirements thereof and of this Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Similar Business</font>”\nshall mean a business, the majority of whose revenues are derived from the\nactivities of the Borrower and its Subsidiaries as of the Closing Date or any\nbusiness or activity that is reasonably similar or complementary thereto or a\nreasonable extension, development or expansion thereof or ancillary\nthereto.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-42-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Standard Securitization\nUndertakings</font>” shall mean representations, warranties, covenants,\nindemnities and guarantees of performance entered into by the Borrower or any\nSubsidiary of the Borrower which the Borrower has determined in good faith to be\ncustomary in a Receivables Financing including, without limitation, those\nrelating to the servicing of the assets of a Receivables Subsidiary, it being\nunderstood that any Receivables Repurchase Obligation shall be deemed to be a\nStandard Securitization Undertaking.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Statutory Reserves</font>”\nshall mean, with respect to any currency, any reserve, liquid asset or similar\nrequirements established by any Governmental Authority of the United States of\nAmerica or of the jurisdiction of such currency or any jurisdiction in which\nLoans in such currency are made to which banks in such jurisdiction are subject\nfor any category of deposits or liabilities customarily used to fund loans in\nsuch currency or by reference to which interest rates applicable to Loans in\nsuch currency are determined.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Stated Maturity</font>”\nshall mean, with respect to any security, the date specified in such security as\nthe fixed date on which the final payment of principal of such security is due\nand payable, including pursuant to any mandatory redemption provision (but\nexcluding any provision providing for the repurchase of such security at the\noption of the holder thereof upon the happening of any contingency beyond the\ncontrol of the issuer unless such contingency has occurred).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Subagent</font>” shall have\nthe meaning assigned to such term in Section 8.02.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Subordinated\nIndebtedness</font>” shall mean (a) with respect to the Borrower, any\nIndebtedness of the Borrower which is by its terms subordinated in right of\npayment to the Loans, and (b) with respect to any Subsidiary Loan Party, any\nIndebtedness of such Subsidiary Loan Party which is by its terms subordinated in\nright of payment to its Guarantee.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">subsidiary</font>” shall\nmean, with respect to any Person (herein referred to as the “parent”), any\ncorporation, partnership, association or other business entity (a) of which\nsecurities or other ownership interests representing more than 50% of the equity\nor more than 50% of the ordinary voting power or more than 50% of the general\npartnership interests are, at the time any determination is being made, directly\nor indirectly, owned, controlled or held, or (b) that is, at the time any\ndetermination is made, otherwise controlled, by the parent or one or more\nsubsidiaries of the parent or by the parent and one or more subsidiaries of the\nparent.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Subsidiary</font>” shall\nmean, unless the context otherwise requires, a subsidiary of the\nBorrower.  Notwithstanding the foregoing (and except for purposes of\nSections 3.09, 3.13, 3.15, 3.16, 5.03, 5.09 and 7.01(k), and the definition of\n“Unrestricted Subsidiary” contained herein), an Unrestricted Subsidiary shall be\ndeemed not to be a Subsidiary of the Borrower or any of its Subsidiaries for\npurposes of this Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Subsidiary Loan\nParty</font>” shall mean (a) each Domestic Subsidiary of the Borrower on the\nClosing Date and (b) each Domestic Subsidiary of the Borrower that becomes, or\nis required to become, a party to the Collateral Agreement, the Senior Lender\nIntercreditor Agreement, the Second Priority Intercreditor Agreement and the\nSenior Fixed Lender Intercreditor Agreement after the Closing Date.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Subsidiary\nRedesignation</font>” shall have the meaning provided in the definition of\n“Unrestricted Subsidiary” contained in this Section 1.01.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Successor Company</font>”\nshall have the meaning assigned to such term in Section 6.05(a)(i).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-43-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Successor Subsidiary Loan\nParty</font>” shall have the meaning assigned to such term in Section\n6.05(b).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Suspended Covenant</font>”\nshall have the meaning assigned to such term in Section 6.09(b).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Suspension Period</font>”\nshall have the meaning assigned to such term in Section 6.09(c).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Swap Agreement</font>” shall\nmean any agreement with respect to any swap, forward, future or derivative\ntransaction or option or similar agreement involving, or settled by reference\nto, one or more rates, currencies, commodities (including, for the avoidance of\ndoubt, resin), equity or debt instruments or securities, or economic, financial\nor pricing indices or measures of economic, financial or pricing risk or value\nor any similar transaction or any combination of these transactions; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that no\nphantom stock or similar plan providing for payments only on account of services\nprovided by current or former directors, officers, employees or consultants of\nthe Borrower or any of the Subsidiaries shall be a Swap Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Syndication Agent</font>”\nshall have the meaning assigned to such term in the introductory paragraph of\nthis Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Tax Distributions</font>”\nshall mean any distributions described in Section 6.04(b)(xii).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Taxes</font>” shall mean any\nand all present or future taxes, levies, imposts, duties (including stamp\nduties), deductions, withholdings or similar charges (including <font style=\"DISPLAY: inline; FONT-STYLE: italic\">ad valorem</font> charges) imposed\nby any Governmental Authority and any and all interest and penalties related\nthereto.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Term Loan Collateral\nAgent</font>” shall mean Credit Suisse, Cayman Islands Branch, as collateral\nagent for the lenders under the Term Loan Credit Agreement, together with its\nrespective successors and permitted assigns under the Term Loan Credit Agreement\nexercising substantially the same rights and powers, or such other agent as may\nfrom time to time be appointed thereunder.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Term Loan Credit\nAgreement</font>” shall mean that certain Second Amended and Restated Term Loan\nCredit Agreement, dated April 3, 2007, by and among the Borrower, Berry\nPlastics Group, Inc., Credit Suisse, Cayman Islands Branch, as administrative\nagent, and the other lenders party thereto, as amended, restated, supplemented,\nwaived, replaced (whether or not upon termination, and whether with the original\nlenders or otherwise), restructured, repaid, refunded, refinanced or otherwise\nmodified from time to time, including any agreement or indenture extending the\nmaturity thereof, refinancing, replacing or otherwise restructuring all or any\nportion of the Indebtedness under such agreement or agreements or indenture or\nindentures or any successor or replacement agreement or agreements or indenture\nor indentures or increasing the amount loaned or issued thereunder or altering\nthe maturity thereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Term Loan Facility\nAdministrative Agent</font>” shall mean Credit Suisse, Cayman Islands Branch, as\nadministrative agent for the lenders under the Term Loan Credit Agreement,\ntogether with its successors and permitted assigns under the Term Loan Credit\nAgreement exercising substantially the same rights and powers, or such other\nagent as may from time to time be appointed thereunder.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Term Loan Lenders</font>”\nshall mean the “Lenders” under and as defined in the Term Loan Credit\nAgreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Term Loan\nObligations</font>” shall mean all “Obligations” (as such term is defined in the\nTerm Loan Collateral Agreement) now or hereafter owing to Term Loan Secured\nParties, and all other </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">indebtedness\nand obligations now or hereafter owing to the Term Loan Secured Parties that is\nsecured by any of the Bank Agreement Security Documents.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Term Loan Secured\nParties</font>” shall mean, at any time, (a) the Term Loan Lenders,\n(b) the Term Loan Facility Administrative Agent and the Term Loan\nCollateral Agent, (c) the beneficiaries of each indemnification obligation\nundertaken by the Borrower and any Subsidiary Loan Party party to the Term Loan\nCredit Agreement under any Loan Document (as defined in the Term Loan Credit\nAgreement) and (d) the successors and permitted assigns of each of the\nforegoing.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Total Assets</font>” shall\nmean the total consolidated assets of the Borrower and its Restricted\nSubsidiaries, as shown on the most recent balance sheet of the\nBorrower.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-44-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Transaction\nDocuments</font>” shall mean the Loan Documents, the Revolving Credit Agreement,\nthe Term Loan Credit Agreement and the “Loan Documents” as defined in each of\nthe Revolving Credit Agreement and the Term Loan Credit Agreement and the\nCaptive Merger Documents.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Transaction Expenses</font>”\nshall mean any fees or expenses incurred or paid by the Funds, Fund Affiliates,\nthe Borrower (or any direct or indirect parent of the Borrower) or any of its\nSubsidiaries in connection with the Transactions, this Agreement and the other\nLoan Documents (including expenses in connection with Swap Agreements) and the\ntransactions contemplated hereby and thereby.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Transactions</font>” shall\nmean, collectively, the transactions to occur pursuant to the Transaction\nDocuments, including (a) the consummation of the Captive Acquisition; (b) the\nexecution and delivery of the Loan Documents, the creation or continuation of\nthe Liens pursuant to the Security Documents, and the initial borrowings\nhereunder and (c) the payment of all Transaction Expenses.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Trustee</font>” shall have\nthe meaning assigned to such term in Section 5.13.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Type</font>” shall mean,\nwhen used in respect of any Loan or Borrowing, the Rate by reference to which\ninterest on such Loan or on the Loans comprising such Borrowing is\ndetermined.  For purposes hereof, the term “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Rate</font>” shall include\nthe Adjusted LIBO Rate and the ABR.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Unfunded Pension\nLiability</font>” shall mean the excess of a Plan’s benefit liabilities under\nSection 4001(a)(16) of ERISA, over the current value of that Plan’s assets,\ndetermined in accordance with the assumptions used for funding the Plan pursuant\nto Section 412 of the Code for the applicable plan year.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Uniform Commercial\nCode</font>” or “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">UCC</font>” shall mean the\nUniform Commercial Code as the same may from time to time be in effect in the\nState of New York or the Uniform Commercial Code (or similar code or statute) of\nanother jurisdiction, to the extent it may be required to apply to any item or\nitems of Collateral.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Unrestricted Cash</font>”\nshall mean domestic cash or cash equivalents of the Borrower or any of its\nSubsidiaries that would not appear as “restricted” on a consolidated balance\nsheet of the Borrower or any of its Subsidiaries.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Unrestricted\nSubsidiary</font>” shall mean:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           any\nSubsidiary of the Borrower that at the time of determination shall be designated\nan Unrestricted Subsidiary by the Board of Directors of such Person in the\nmanner provided below; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><br> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           any\nSubsidiary of an Unrestricted Subsidiary.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">The Board\nof Directors of the Borrower may designate any Subsidiary of the Borrower\n(including any newly acquired or newly formed Subsidiary of the Borrower) to be\nan Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries\nowns any Equity Interests or Indebtedness of, or owns or holds any Lien on any\nproperty of, the Borrower or any other Subsidiary of the Borrower that is not a\nSubsidiary of the Subsidiary to be so designated; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that the\nSubsidiary to be so designated and its Subsidiaries do not at the time of\ndesignation have and do not thereafter Incur any Indebtedness pursuant to which\nthe lender has recourse to any of the assets of the Borrower or any of its\nRestricted Subsidiaries; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">further</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that\neither:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-45-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">                (i)<font id=\"TAB1\" style=\"MARGIN-LEFT: 21.6pt\"></font>the Subsidiary to be so designated\nhas total consolidated assets of $1,000 or less; or</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">                (ii)<font id=\"TAB1\" style=\"MARGIN-LEFT: 21.6pt\"></font>if such Subsidiary has consolidated\nassets greater than $1,000, then such designation would be permitted under\nSection 6.04.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">The Board\nof Directors of the Borrower may designate any Unrestricted Subsidiary to be a\nRestricted Subsidiary; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that\nimmediately after giving effect to such designation:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(x)           (1)\nthe Borrower could Incur $1.00 of additional Indebtedness pursuant to the Fixed\nCharge Coverage Ratio test set forth in Section 6.01(a) or (2) the Fixed Charge\nCoverage Ratio for the Borrower and its Restricted Subsidiaries would be greater\nthan such ratio for the Borrower and its Restricted Subsidiaries immediately\nprior to such designation, in each case on a pro forma basis taking into account\nsuch designation, and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(y)           no\nEvent of Default shall have occurred and be continuing.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Any such\ndesignation by the Board of Directors of the Borrower shall be evidenced to the\nAdministrative Agent by promptly filing with the Administrative Agent a copy of\nthe resolution of the Board of Directors of the Borrower giving effect to such\ndesignation and an Officers’ Certificate certifying that such designation\ncomplied with the foregoing provisions.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Weighted Average Life to\nMaturity</font>” shall mean, when applied to any Indebtedness or Disqualified\nStock, as the case may be, at any date, the quotient obtained by dividing (1)\nthe sum of the products of the number of years from the date of determination to\nthe date of each successive scheduled principal payment of such Indebtedness or\nredemption or similar payment with respect to such Disqualified Stock multiplied\nby the amount of such payment, by (2) the sum of all such payments.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Wholly Owned Restricted\nSubsidiary</font>” is any Wholly Owned Subsidiary that is a Restricted\nSubsidiary.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Wholly Owned\nSubsidiary</font>” of any Person shall mean a Subsidiary of such Person 100% of\nthe outstanding Capital Stock or other ownership interests of which (other than\ndirectors’ qualifying shares or shares required to be held by Foreign\nSubsidiaries) shall at the time be owned by such Person or by one or more Wholly\nOwned Subsidiaries of such Person.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Withdrawal Liability</font>”\nshall mean liability to a Multiemployer Plan as a result of a complete or\npartial withdrawal from such Multiemployer Plan, as such terms are defined in\nPart I of Subtitle E of Title IV of ERISA.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n1.02.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Terms\nGenerally</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  The\ndefinitions set forth or referred to in Section 1.01 shall apply equally to\nboth the singular and plural forms of the terms defined.  Whenever the\ncontext may require, any pronoun shall include the corresponding masculine,\nfeminine and neuter forms.  The words “include,” “includes” and\n“including” shall be deemed to be followed by the phrase “without\nlimitation.”  All references herein to Articles, Sections, Exhibits\nand Schedules shall be deemed references to Articles and Sections of, and\nExhibits and Schedules to, this Agreement unless the context shall otherwise\nrequire.  Except as otherwise expressly provided herein, any reference\nin this Agreement to any Loan Document shall mean such document as amended,\nrestated, supplemented or otherwise modified from time to\ntime.  Except as otherwise expressly provided herein, all terms of an\naccounting or financial nature shall be construed in accordance with GAAP, as in\neffect from time to time; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, that, if\nthe Borrower notifies the Administrative Agent that the Borrower requests an\namendment to any provision hereof to eliminate the effect of any change\noccurring after the Closing Date in GAAP or in the application thereof on the\noperation of such provision (or if the Administrative Agent notifies the\nBorrower that the Required Lenders request an amendment to any provision hereof\nfor such purpose), regardless of whether any such notice is given before or\nafter such change in GAAP or in the application thereof, then such provision\nshall be interpreted on the basis of GAAP as in effect and applied immediately\nbefore such change shall have become effective until such notice shall have been\nwithdrawn or such provision amended in accordance herewith.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-46-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n1.03.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Effectuation of\nTransactions</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Each\nof the representations and warranties of the Borrower contained in this\nAgreement (and all corresponding definitions) are made after giving effect to\nthe Transactions, unless the context otherwise requires.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n1.04.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Senior\nDebt</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  The\nObligations constitute (a) “First-Priority Lien Obligations” pursuant to, and as\ndefined in, the Senior Lender Intercreditor Agreement, “Senior Lender Claims”\npursuant to, and as defined in, the Second Priority Intercreditor Agreement and\n“Senior Fixed Obligations” pursuant to, and as defined in, Senior Fixed Lender\nIntercreditor Agreement,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> (b)\n“Senior Indebtedness” and “Designated Senior Indebtedness” pursuant to, and as\ndefined in, the Senior Subordinated Notes Indentures, and (c) “First-Priority\nLien Obligations” pursuant to, and as defined in, the Second Priority Notes\nIndenture. This Agreement is a “Credit Agreement” for purposes of the Senior\nSubordinated Notes Indentures and the Second Priority Notes\nIndenture.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">ARTICLE\nII</font><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman\">The\nCredits</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.01.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Commitment</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Bridge\nLoans</font>.  Subject to the terms and conditions set forth herein,\neach Lender agrees severally, and not jointly, to make senior interim secured\nbridge loans to the Borrower in Dollars in an amount not to exceed its\nCommitment; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that\n(i) all such Bridge Loans shall be incurred by the Borrower pursuant to one\ndrawing on the Closing Date and (ii) any Bridge Loan that is repaid may not be\nreborrowed.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Rollover\nLoans</font>.  Subject to satisfaction of the conditions set forth in\nSection 2.01(c), the Borrower, and each Lender, severally and not jointly, agree\nthat if the Bridge Loans have not been repaid in full by the latest time\nspecified for payment in Section 2.18 on the Bridge Loan Maturity Date, the then\noutstanding principal amount of each Lender’s Bridge Loan shall, immediately\nafter such latest specified time for payment, automatically be converted (a\n“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Rollover\nConversion</font>”) into a loan (individually, a “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Rollover Loan</font>” and,\ncollectively, the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Rollover Loans</font>”) on\nthe Rollover Date in an aggregate</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-47-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">principal\namount equal to the then outstanding principal amount of such Lender’s Bridge\nLoan; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>,\n<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that\nif the conditions set forth in Section 2.01(c) have not been satisfied by such\ntime on the Bridge Loan Maturity Date, then the Bridge Loans will become\nautomatically due and payable at such time.  Upon a Rollover\nConversion on the Rollover Date, the Bridge Loans shall be deemed to have been\nprepaid and the Borrower will be required to make any payments due under Section\n2.16 with respect thereto.  Any Rollover Loan that is repaid may not\nbe reborrowed.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Conditions to Rollover\nLoans</font>.  On the Rollover Date, the Rollover Conversion of Bridge\nLoans into Rollover Loans is subject to the following conditions:  (i)\nthat at the time of such Rollover Conversion, there shall exist no Event of\nDefault pursuant to Section 7.01(h) or (i), and (ii) that at the time of\nsuch Rollover Conversion, there shall exist no<font style=\"DISPLAY: inline; FONT-FAMILY: Times New Roman\"> acceleration of the\nmaturity of or default in the payment when due at final maturity of any\nIndebtedness of the Borrower or any of its subsidiaries pursuant to this\nAgreement, the Revolving Credit Agreement, the Term Loan Credit Agreement or the\nSecond Priority Indenture</font>.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exchange\nNotes</font>.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 90pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)       Subject\nto satisfaction of the provisions of this Section 2.01(d), on and after the\nRollover Date, each Lender will have the option to notify the Administrative\nAgent in writing, by delivery of an exchange notice substantially in the form of\nExhibit H hereto (an “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exchange Notice</font>), of\nits request for exchange notes (individually, an “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exchange Note</font>” and,\ncollectively, the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exchange Notes</font>”) in\nexchange for its Rollover Loan.  Each Lender’s Exchange Notice shall,\namong other things, (A) indicate the aggregate principal amount of its Rollover\nLoan that such Lender desires to exchange for Exchange Notes pursuant to this\nSection 2.01(d), which shall be in denominations of $2,000 and integral\nmultiples of $1,000 in excess thereof, (B) include a representation and warranty\nby the applicable Lender, or any other Person designated by such Lender to take\npossession of the Exchange Notes, to the Borrower that (I) it is a “Qualified\nInstitutional Buyer” (as defined in Rule 144A under the Securities Act), (II)\nthat it is not a U.S. Person and is acquiring the Exchange Notes in an offshore\ntransaction in compliance with Rule 904 under the Securities Act or (III) that\nit is an institutional “accredited investor”(as defined in Rule 501(a)(1), (2),\n(3) or (7) under the Securities Act of 1933) that has furnished to the Trustee a\nsigned letter containing certain representations and agreements, and (C) if such\nLender holds Rollover Notes, be accompanied by the Rollover Notes to be\nexchanged for Exchange Notes.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 90pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  Notwithstanding\nthe foregoing, such Lender’s Rollover Loan shall only be exchanged for Exchange\nNotes hereunder upon the occurrence of an Exchange Trigger Event, notice of\nwhich shall be provided to the Borrower and each such Lender that has delivered\nan Exchange Notice that has given rise to such Exchange Trigger Event by the\nAdministrative Agent.  Thereafter, the Borrower shall set a date (the\n“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exchange\nDate</font>”) for the exchange of Rollover Loans for Exchange Notes, which date\nshall be (a) no less than five Business Days after such Exchange Trigger Event\nand (b) the next day which is the 6th day of any calendar month (or if such date\nis not a Business Day, the next Business Day) following the Exchange Trigger\nEvent (provided that such date shall also comply with the immediately preceding\nclause (a)). On such Exchange Date, the Borrower shall (A) (i) deliver a notice\nto the Trustee directing the Trustee to authenticate and deliver to each Lender\nthat elects to exchange a Rollover Loan on such Exchange Date, an Exchange Note\nin the principal amount equal to 100% of the principal amount of such Rollover\nLoan for which such Exchange Note is being exchanged (which at such Lender’s\noption may be all or a portion of such Lender’s Rollover Loans) and bearing\ninterest at the rate then in effect for the Rollover Loans and (ii) use\nreasonable best efforts to effect delivery of such Exchange Note to the\nrequesting Lender, and (B) pay to such Lender the amount of accrued and unpaid\ninterest on the Rollover Loans being exchanged; provided that the Lender, or the\nAffiliate of the Lender receiving the Exchange Notes shall simultaneously pay to\nthe Borrower the amount of accrued and unpaid interest, if any, that would have\naccrued on an equal principal amount of Exchange Notes from the beginning of the\nthen </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">current\ninterest period as set forth in the Exchange Notes Indenture (it being\nunderstood that on the next scheduled interest payment date set forth in the\nExchange Notes Indenture, the holder of such Note shall receive interest for the\nentire period).  The Exchange Notes shall be governed by the Exchange\nNotes Indenture.  Upon issuance of the Exchange Notes, any\ncorresponding Rollover Notes delivered hereunder shall be canceled by the\nBorrower and the corresponding amount of the Rollover Loans deemed repaid and\nall accrued and unpaid interest and other amounts due thereon (including under\nSection 2.16) shall at such time be due and payable.  If a\nDefault shall have occurred and be continuing on the Exchange Date, any notices\ngiven or cure periods commenced while the Rollover Loan was outstanding shall be\ndeemed given or commenced (as of the actual dates thereof) for all purposes with\nrespect to the Exchange Notes (with the same effect as if the Exchange Notes had\nbeen outstanding as of the actual dates thereof).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-48-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 90pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iii)                  \nAn Affiliate of the Administrative Agent shall assist the Borrower in making\nExchange Notes eligible for deposit with The Depository Trust Company\n(including, without limitation, by completion and submission of an eligibility\nquestionnaire or by other means).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.02.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Loans and\nBorrowings</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           Each\nLoan shall be made as part of a Borrowing consisting of Loans of the same Type\nmade by the Lenders ratably in accordance with their respective\nCommitments.  The failure of any Lender to make any Loan required to\nbe made by it shall not relieve any other Lender of its obligations hereunder;\n<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that\nthe Commitments of the Lenders are several and no Lender shall be responsible\nfor any other Lender’s failure to make Loans as required.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           Subject\nto Section 2.14 and 2.20, each Borrowing shall be comprised entirely of ABR\nLoans or Eurocurrency Loans as the Borrower may request in accordance herewith;\nprovided that Eurocurrency Loans shall have an Interest Period of one, two,\nthree or six months, with the first such Interest Period commencing on (x) the\nClosing Date with respect to Bridge Loans and (y) the Rollover Date with respect\nto Rollover Loans.  Each Lender at its option may make any ABR Loan or\nEurocurrency Loan by causing any domestic or foreign branch or Affiliate of such\nLender to make such Loan; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that any\nexercise of such option shall not affect the obligation of the Borrower to repay\nsuch Loan in accordance with the terms of this Agreement and such Lender shall\nnot be entitled to any amounts payable under Section 2.15 or 2.17 solely in\nrespect of increased costs resulting from such exercise and existing at the time\nof such exercise.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           Notwithstanding\nany other provision of this Agreement, the Borrower shall not be entitled to\nrequest or continue any (i) Bridge Loan Borrowing if the Interest Period\nrequested with respect thereto would end after the Bridge Loan Maturity Date and\n(ii) Rollover Loan Borrowing if the Interest Period requested with respect\nthereto would end after the Rollover Loan Maturity Date.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.03.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Requests for\nBorrowings</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  To\nrequest a Borrowing of Bridge Loans, the Borrower shall notify the\nAdministrative Agent of such request by telephone) (a) in the case of a\nEurocurrency Borrowing not later than 12:00 p.m., Local Time, three Business\nDays before the date of the proposed Borrowing, and (b) in the case of an ABR\nBorrowing, not later than 12:00 noon, Local Time, one Business Day before the\ndate of the proposed Borrowing.  Each such telephonic Borrowing\nRequest shall be irrevocable and shall be confirmed promptly by hand delivery or\ntelecopy to the Administrative Agent of a written Borrowing Request in a form\napproved by the Administrative Agent and signed by the Borrower.  Each\nsuch telephonic and written Borrowing Request shall specify the following\ninformation in compliance with Section 2.02:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)       the\naggregate amount of the requested Borrowing;</font><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  the\ndate of such Borrowing, which shall be a Business Day;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iii)                  whether\nsuch Borrowing is to be an ABR Borrowing or a Eurocurrency\nBorrowing;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iv)                  in\nthe case of a Eurocurrency Borrowing, the initial Interest Period to be\napplicable thereto, which shall be a period contemplated by the definition of\nthe term “Interest Period”; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(v)                  the\nlocation and number of the Borrower’s account to which funds are to be\ndisbursed.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-49-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">If no\nInterest Period is specified with respect to any requested Eurocurrency\nBorrowing, then the Borrower shall be deemed to have selected an Interest Period\nof three month’s duration (including with respect to the Borrowing Request made\nin respect of Loans made on the Closing Date).  Promptly following\nreceipt of a Borrowing Request in accordance with this Section, the\nAdministrative Agent shall advise each Lender of the details thereof and of the\namount of such Lender’s Loan to be made as part of the requested\nBorrowing.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.04.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">[Reserved]</font></font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.05.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">[Reserved]</font>.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.06.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Funding of\nBorrowings</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           Each\nLender shall make each Bridge Loan to be made by it hereunder on the Closing\nDate by wire transfer of immediately available funds by 12:00 noon, Local Time,\nto the account of the Administrative Agent most recently designated by it for\nsuch purpose by notice to the Lenders.  The Administrative Agent will\nmake such Loans available to the Borrower by promptly crediting the amounts so\nreceived, in like funds, to an account of the Borrower maintained with the\nAdministrative Agent in New York City.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           Unless\nthe Administrative Agent shall have received notice from a Lender prior to the\nproposed date of any Borrowing that such Lender will not make available to the\nAdministrative Agent such Lender’s share of such Borrowing, the Administrative\nAgent may assume that such Lender has made such share available on such date in\naccordance with paragraph (a) of this Section and may, in reliance upon such\nassumption, make available to the Borrower a corresponding amount.  In\nsuch event, if a Lender has not in fact made its share of the applicable\nBorrowing available to the Administrative Agent, then the applicable Lender and\nthe Borrower severally agree to pay to the Administrative Agent forthwith on\ndemand (without duplication) such corresponding amount (with demand to be first\nmade on such Lender if legally possible) with interest thereon, for each day\nfrom and including the date such amount is made available to the Borrower to but\nexcluding the date of payment to the Administrative Agent, at (i) in the case of\nsuch Lender, the greater of the Federal Funds Effective Rate and a rate\ndetermined by the Administrative Agent in accordance with banking industry rules\non interbank compensation or (ii) in the case of the Borrower, the interest rate\napplicable to ABR Loans at such time.  If such Lender pays such amount\nto the Administrative Agent, then such payment shall discharge the Borrower’s\nobligations to pay such demand loan and from that time shall constitute such\nLender’s Loan included in such Borrowing.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.07.                                \nInterest Elections</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)  Each\nBorrowing initially shall be of the Type specified in the applicable Borrowing\nRequest and, in the case of a Eurocurrency Borrowing, shall have an initial\nInterest Period as specified in such Borrowing Request.  Thereafter,\nthe Borrower may elect to </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">convert\nsuch Borrowing to a different Type or to continue such Borrowing and, in the\ncase of a Eurocurrency Borrowing, may elect Interest Periods therefor, all as\nprovided in this Section 2.07. The Borrower may elect different options with\nrespect to different portions of the affected Borrowing, in which case each such\nportion shall be allocated ratably among the Lenders holding the Loans\ncomprising such Borrowing, and the Loans comprising each such portion shall be\nconsidered a separate Borrowing.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           To\nmake an election pursuant to this Section 2.07, the Borrower shall notify the\nAdministrative Agent of such election by telephone by the time that a Borrowing\nRequest would be required under Section 2.03 if the Borrower were\nrequesting a Borrowing of the Type resulting from such election to be made on\nthe effective date of such election.  Each such telephonic Interest\nElection Request shall be irrevocable and shall be confirmed promptly by hand\ndelivery or telecopy to the Administrative Agent of a written Interest Election\nRequest in a form approved by the Administrative Agent and signed by the\nBorrower.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-50-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           Each\ntelephonic and written Interest Election Request shall specify the following\ninformation in compliance with Section 2.02:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(A)           the\nBorrowing to which such Interest Election Request applies and, if different\noptions are being elected with respect to different portions thereof, the\nportions thereof to be allocated to each resulting Borrowing (in which case the\ninformation to be specified pursuant to clauses (iii) and (iv) below shall\nbe specified for each resulting Borrowing);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(B)           the\neffective date of the election made pursuant to such Interest Election Request,\nwhich shall be a Business Day;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(C)           whether\nthe resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing;\nand</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(D)           if\nthe resulting Borrowing is a Eurocurrency Borrowing, the Interest Period to be\napplicable thereto after giving effect to such election, which shall be a period\ncontemplated by clause (a) of the definition of the term “Interest Period.”\nIf any such Interest Election Request requests a Eurocurrency Borrowing but does\nnot specify an Interest Period, then the Borrower shall be deemed to have\nselected an Interest Period of three month’s duration.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           Promptly\nfollowing receipt of an Interest Election Request, the Administrative Agent\nshall advise each Lender to which such Interest Election Request relates of the\ndetails thereof and of such Lender’s portion of each resulting\nBorrowing.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           If\nthe Borrower fails to deliver a timely Interest Election Request with respect to\na Eurocurrency Borrowing prior to the end of the Interest Period applicable\nthereto, then, unless such Borrowing is repaid as provided herein, at the end of\nsuch Interest Period such Borrowing shall continue to be the same Type, with the\nsame duration of Interest Period as the then-existing Borrowing. Notwithstanding\nany contrary provision hereof, if an Event of Default has occurred and is\ncontinuing and the Administrative Agent, at the written request (including a\nrequest through electronic means) of the Required Lenders, so notifies the\nBorrower, then, so long as an Event of Default is continuing (i) no outstanding\nBorrowing may be converted to or continued as a Eurocurrency Borrowing and (ii)\nunless repaid, each Eurocurrency Borrowing shall be converted to an ABR\nBorrowing at the end of the Interest Period applicable thereto.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.08.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Termination of\nCommitment</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  The\nparties hereto acknowledge that the Commitment of each Lender shall terminate at\n5:00 p.m. New York City time on the Closing Date.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.09.                                Repayment\nof Loans; Evidence of Debt</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           The\nBorrower hereby unconditionally promises to pay (i) on the Bridge Loan Maturity\nDate to the Administrative Agent the then unpaid principal amount of each Bridge\nLoan made to the Borrower (unless converted to a Rollover Loan in accordance\nwith Section 2.01(b)), and (ii) on the Rollover Loan Maturity Date to the\nAdministrative Agent for the account of each Lender the then unpaid principal\namount of each Rollover Loan of such Lender (unless exchanged for an Exchange\nNote in accordance with Section 2.01(d)).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           Each\nLender shall maintain in accordance with its usual practice an account or\naccounts evidencing the indebtedness of the Borrower to such Lender resulting\nfrom each Loan made by such Lender, including the amounts of principal and\ninterest payable and paid to such Lender from time to time\nhereunder.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-51-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           The\nAdministrative Agent shall maintain accounts in which it shall record (i) the\namount of each Loan made hereunder, the Facility and Type thereof and the\nInterest Period (if any) applicable thereto, (ii) the amount of any principal or\ninterest due and payable or to become due and payable from the Borrower to each\nLender hereunder and (iii) any amount received by the Administrative Agent\nhereunder for the account of the Lenders and each Lender’s share\nthereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           The\nentries made in the accounts maintained pursuant to paragraph (b) or (c) of this\nSection shall be <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">prima</font> <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">facie</font> evidence of the\nexistence and amounts of the obligations recorded therein; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that the\nfailure of any Lender or the Administrative Agent to maintain such accounts or\nany error therein shall not in any manner affect the obligation of the Borrower\nto repay the Loans in accordance with the terms of this Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           Any\nLender may request that Loans made by it be evidenced by a promissory\nnote.  In such event, the Borrower shall prepare, execute and deliver\nto such Lender a promissory note payable to the order of such Lender (or, if\nrequested by such Lender, to such Lender and its registered assigns) and\nsubstantially in the form of <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exhibit E-1</font>\n(each, a “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Bridge\nNote</font>”) or <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">E-2</font> (each, a “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Rollover Note</font>”), as\nthe case may be, for the Bridge Loans and Rollover Loans, respectively (it being\nunderstood that the Borrower shall be entitled to require that a Lender return\nits Bridge Note prior to preparing, executing and delivering a Rollover Note to\nsuch Lender).  Thereafter, the Loans evidenced by such promissory note\nand interest thereon shall at all times (including after assignment pursuant to\nSection 9.04) be represented by one or more promissory notes in such form\npayable to the order of the payee named therein (or, if such promissory note is\na registered note, to such payee and its registered assigns).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.10.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Prepayments,\netc</font>.</font></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           The\nBorrower shall have the right at any time and from time to time to prepay any\nBorrowing of any Bridge Loan or Rollover Loan (<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> the same has\nnot been exchanged for an Exchange Note) in whole or in part, without premium or\npenalty (but subject to Section 2.16), in an aggregate principal amount that is\nan integral multiple of the Borrowing Multiple and not less than the Borrowing\nMinimum or, if less, the amount outstanding, subject to prior notice in\naccordance with Section 2.10(c).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           The\nBorrower shall apply all Net Proceeds promptly upon receipt thereof to prepay\nLoans.  Notwithstanding the foregoing, (i) the Borrower may retain Net\nProceeds pursuant to clause (b) of the definition thereof (other than with\nrespect to prepayments with proceeds from an issuance of Excluded Indebtedness\n(other than Indebtedness permitted to be incurred under Section 6.01(b)(xvi)),\nprovided, that the Total Net First Lien Leverage Ratio (as defined in the Term\nLoan Credit Agreement as</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-52-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">in effect\non the date hereof) on the last day of the Borrower’s then most recently\ncompleted fiscal quarter for which financial statements are available shall be\nless than or equal to 2.00 to 1.00, and (ii) no prepayment pursuant to this\nSection 2.10(b) (other than with respect to prepayments with Net Proceeds\nof an issuance of Excluded Indebtedness (other than Indebtedness permitted to be\nincurred under Section 6.01(b)(xvi)) or Equity Issuance) shall be required to be\nmade to the extent such Net Proceeds are required to be applied to the repayment\nof loans outstanding under the Senior Secured Credit Facilities and such\nrequirement is not waived by the applicable Lenders (and to the extent involving\na repayment of a revolving credit facility, a permanent commitment reduction\nthereunder in a corresponding amount was effected in connection with such\nrepayment).  Notwithstanding anything to the contrary provided herein,\nto the extent that the terms of any Permanent Financing or First Priority Lien\nObligations other than the Senior Secured Credit Facilities require prepayment\nof such Permanent Financing or First Priority Lien Obligations other than the\nSenior Secured Credit Facilities with Net Proceeds, then the Borrower shall be\npermitted to repay such Permanent Financing or First Priority Lien Obligations\nother than the Senior Secured Credit Facilities and the Loans\nratably.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           Prior\nto the repayment of any Loan pursuant to Section 2.10(a), the Borrower may\nselect the Borrowing or Borrowings to be repaid and shall notify the\nAdministrative Agent by telephone (confirmed by telecopy) of such selection not\nlater than 2:00 p.m., Local Time, (i) in the case of an ABR Borrowing, one\nBusiness Day before the scheduled date of such repayment and (ii) in the case of\na Eurocurrency Borrowing, three Business Days before the scheduled date of such\nrepayment.  Each voluntary repayment of a Borrowing shall be applied\nratably to the Loans included in the repaid Borrowing.  All mandatory\nprepayments pursuant to Section 2.10(b) shall be applied ratably to the Loans,\nregardless of Type.  Repayments of Loans shall be accompanied by\naccrued interest on the amount repaid.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.11.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Change of Control Prepayment\nOffer</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Unless\notherwise prepaid in accordance with Section 2.10(a) hereof, the Borrower shall\nmake an offer to prepay all of the Bridge Loans pursuant to the offer described\nbelow (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Change of\nControl Offer</font>”) at a price in cash (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Change of Control\nPayment</font>”) equal to 100% of the aggregate principal amount thereof plus\naccrued and unpaid interest to the date of purchase, subject to the right of\nLenders of record on the relevant record date to receive interest due on the\nrelevant interest payment date.  Within 30 days following any Change\nof Control, the Borrower will send notice of such Change of Control Offer by\nfirst-class mail, with a copy to the Administrative Agent and to each Lender to\nthe address of such Lender appearing in the Register with a copy to the\nAdministrative Agent, with the following information:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)       that\na Change of Control Offer is being made pursuant to this Section 2.11 and that\nall Bridge Loans accepted to prepayment in accordance with the terms of this\nAgreement will be accepted for payment by the Borrower;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  the\nprepayment price and date of prepayment, which will be no earlier than 30 days\nnor later than 60 days from the date such notice is mailed (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Change of Control Payment\nDate</font>”);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iii)                  that\nany Bridge Loans not properly accepted for prepayment pursuant to this Agreement\nwill remain outstanding and continue to accrue interest;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iv)                  that\nunless the Borrower defaults in the payment of the Change of Control Payment,\nall Bridge Loans accepted for prepayment pursuant to the Change of Control Offer\nwill cease to accrue interest on the Change of Control Payment\nDate;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(v)                  that\nLenders will be entitled to withdraw their election to require the Borrower to\nprepay such Bridge Loans, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that the\nAdministrative Agent receives, not later than the</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-53-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">close of\nbusiness on the 30th day following the date of the Change of Control notice, a\ntelegram, telex, facsimile transmission or letter setting forth the name of the\nLender, the principal amount of Bridge Loans accepted for prepayment, and a\nstatement that such Lender is withdrawing its election to have such Bridge Loans\nprepaid; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(vi)                  if\nsuch notice is mailed prior to the occurrence of a Change of Control, stating\nthat the Change of Control Offer is conditional on the occurrence of such Change\nof Control.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">On the\nChange of Control Payment Date, the Borrower will, to the extent permitted by\nlaw, prepay all Bridge Loans, or portions thereof, accepted for prepayment in\naccordance with this Section 2.11 pursuant to the Change of Control Offer, by\ndepositing with the Administrative Agent an amount equal to the aggregate Change\nof Control Payment in respect of all Bridge Loans or portions thereof so\naccepted for prepayment as of the close of business on the Business Day\nimmediately preceding the Change of Control Payment Date and not validly\nwithdrawn as permitted above.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Notwithstanding\nthe foregoing, the Borrower shall not be required to make a Change of Control\nOffer following a Change of Control if a third party makes the Change of Control\nOffer in the manner, at the times and otherwise in compliance with the\nrequirements of this Section 2.11 and prepays all Bridge Loans validly accepted\nfor prepayment under such Change of Control Offer.  Notwithstanding\nanything to the contrary herein, a Change of Control Offer may be made in\nadvance of a Change of Control, conditional upon such Change of Control, if a\ndefinitive agreement is in place for the Change of Control at the time of making\nof the Change of Control Offer.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">In the\nevent that at the time of such Change of Control the terms of any Bank\nIndebtedness restrict or prohibit a Change of Control Prepayment, then\nprior to making any Change of Control Prepayment, the Borrower shall, within 30\ndays of the occurrence of the Change of Control, (i) repay in full all such Bank\nIndebtedness or, if doing so will allow the purchase of the Loans, offer to\nrepay in full all such Bank Indebtedness and repay all Bank Indebtedness of each\nlender who has accepted such offer, or (ii) obtain the requisite consent under\nthe agreements governing such Bank Indebtedness to permit the repurchase of the\nLoans.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.12.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Fees</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           The\nBorrower agrees to pay to the Administrative Agent and the Joint Lead Arrangers,\nfor their respective accounts, the fees set forth in the Fee Letter, as amended,\nrestated, supplemented or otherwise modified from time to time, at the times\nspecified therein (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Fees</font>”).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           All\nthe Fees shall be paid on the dates due, in immediately available funds, to the\nAdministrative Agent for distribution, if and as appropriate, among the\nLenders.  Once paid, none of the Fees shall be refundable under any\ncircumstances, except as expressly set forth in the Fee Letter.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.13.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Interest</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           The\nLoans comprising each ABR Borrowing shall bear interest at the ABR plus the\nApplicable Margin.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           Subject\nto Sections 2.14 and 2.20, the Loans comprising each Eurocurrency Borrowing\nshall bear interest at the Adjusted LIBO Rate for the Interest Period in\neffect for such Borrowing plus the Applicable Margin.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           Notwithstanding\nparagraphs (a) and (b) of this Section 2.13 or anything to the contrary provided\nherein, the interest rate on the Loans shall not exceed the Rate Cap (<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">plus</font>, for the\navoidance of doubt, payments made in respect thereof pursuant to\nSection 2.17, increases pursuant to Section 2.13(d) and amounts owed\nin respect of the Registration Rights Agreement).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           Notwithstanding\nthe foregoing, if any principal of or interest on any Loan or any Fees or other\namount payable by the Borrower hereunder is not paid when due, whether at stated\nmaturity, upon acceleration or otherwise, such overdue amount shall bear\ninterest, after as well as before judgment, at a rate per annum equal to (i) in\nthe case of overdue principal of any Loan, 2% plus the rate otherwise applicable\nto such Loan as provided in the preceding paragraphs of this Section or (ii) in\nthe case of any other amount, 2% plus the rate applicable to ABR Loans as\nprovided in paragraph (a) of this Section; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that this\nparagraph (d) shall not apply to any Event of Default that has been waived\nby the Lenders pursuant to Section 9.08.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-54-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           Accrued\ninterest on each Loan shall be payable in arrears (i) on each Interest Payment\nDate for such Loan, (ii) in the case of Bridge Loans, on the Bridge Loan\nMaturity Date and (iii) in the case of Rollover Loans, on an Exchange Date\nand/or on the Rollover Loan Maturity Date; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that (x)\ninterest accrued pursuant to paragraph (d) of this Section shall be payable on\ndemand, (y) in the event of any repayment or prepayment of any Loan, accrued\ninterest on the principal amount repaid or prepaid shall be payable on the date\nof such repayment or prepayment, and (z) in the event of any conversion of any\nEurocurrency Loan prior to the end of the current Interest Period therefor,\naccrued interest on such Loan shall be payable on the effective date of such\nconversion.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(f)           All\ninterest hereunder shall be computed on the basis of a year of 360 days, except\nthat interest computed by reference to the ABR at times when the ABR is based on\nthe “prime rate” shall be computed on the basis of a year of 365 days (or 366\ndays in a leap year), and in each case shall be payable for the actual number of\ndays elapsed (including the first day but excluding the last\nday).  The applicable ABR, Adjusted LIBO Rate or LIBO Rate shall be\ndetermined by the Administrative Agent, and such determination shall be\nconclusive absent manifest error.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(g)           During\nthe occurrence and continuance of an Event of Default, Eurocurrency Loans shall\nautomatically be converted to ABR Loans at the end of the Interest Period in\nwhich such Event of Default first occurred.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.14.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Alternate Rate of\nInterest</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  If\nprior to the commencement of any Interest Period for a Eurocurrency\nBorrowing:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           the\nAdministrative Agent determines (which determination shall be conclusive absent\nmanifest error) that adequate and reasonable means do not exist for ascertaining\nthe Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest\nPeriod; or</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           the\nAdministrative Agent is advised by the Required Lenders that the Adjusted LIBO\nRate or the LIBO Rate, as applicable, for such Interest Period will not\nadequately and fairly reflect the cost to such Lenders of making or maintaining\ntheir Loans included in such Borrowing for such Interest Period;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">then the\nAdministrative Agent shall give notice thereof to the Borrower and the Lenders\nby telephone or telecopy as promptly as practicable thereafter and, until the\nAdministrative Agent notifies the Borrower and the Lenders that the\ncircumstances giving rise to such notice no longer exist, if any Borrowing\nRequest requests a Eurocurrency Borrowing, such Borrowing shall be made as an\nABR Borrowing.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.15.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Increased\nCosts</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           If\nany Change in Law shall:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)       impose,\nmodify or deem applicable any reserve, special deposit or similar requirement\nagainst assets of, deposits with or for the account of, or credit extended by,\nany Lender (except any such reserve requirement reflected in the Adjusted LIBO\nRate); or</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  impose\non any Lender or the London interbank market any other condition affecting this\nAgreement or Eurocurrency Loans made by such Lender;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">and the\nresult of any of the foregoing shall be to increase the cost to such Lender of\nmaking or maintaining any Eurocurrency Loan (or of maintaining its obligation to\nmake any such Loan) or to reduce the amount of any sum received or receivable by\nsuch Lender hereunder (whether of principal, interest or otherwise), then the\nBorrower will pay to such Lender such additional amount or amounts as will\ncompensate such Lender for such additional costs incurred or reduction\nsuffered.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-55-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           If\nany Lender determines that any Change in Law regarding capital requirements has\nor would have the effect of reducing the rate of return on such Lender’s capital\nor on the capital of such Lender’s holding company, if any, as a consequence of\nthis Agreement or the Loans made by, such Lender to a level below that which\nsuch Lender or such Lender’s holding company could have achieved but for such\nChange in Law (taking into consideration such Lender’s policies and the policies\nof such Lender’s holding company with respect to capital adequacy), then from\ntime to time the Borrower shall pay to such Lender such additional amount or\namounts as will compensate such Lender or such Lender’s holding company for any\nsuch reduction suffered.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           A\ncertificate of a Lender setting forth the amount or amounts necessary to\ncompensate such Lender or its holding company, as specified in\nparagraph (a) or (b) of this Section 2.15 shall be delivered to the\nBorrower and shall be conclusive absent manifest error.  The Borrower\nshall pay such Lender the amount shown as due on any such certificate within 10\ndays after receipt thereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           Promptly\nafter any Lender has determined that it will make a request for increased\ncompensation pursuant to this Section 2.15, such Lender shall notify the\nBorrower thereof.  Failure or delay on the part of any Lender to\ndemand compensation pursuant to this Section 2.15 shall not constitute a waiver\nof such Lender’s right to demand such compensation; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that the\nBorrower shall not be required to compensate a Lender pursuant to this Section\n2.15 for any increased costs or reductions incurred more than 180 days prior to\nthe date that such Lender notifies the Borrower of the Change in Law giving rise\nto such increased costs or reductions and of such Lender’s intention to claim\ncompensation therefor; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">further</font>, that, if the\nChange in Law giving rise to such increased costs or reductions is retroactive,\nthen the 180-day period referred to above shall be extended to include the\nperiod of retroactive effect thereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           The\nforegoing provisions of this Section 2.15 shall not apply in the case of any\nChange in Law in respect of Taxes, which shall instead be governed by Section\n2.17.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.16.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Break Funding\nPayments</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  In\nthe event of (a) the payment of any principal of any Eurocurrency Loan other\nthan on the last day of an Interest Period applicable thereto (including as a\nresult of an Event of Default), (b) the conversion of any Eurocurrency Loan\nother than on the last day of the Interest Period applicable thereto, (c) the\nfailure to borrow, convert, continue or prepay any Eurocurrency Loan on the date\nspecified in any notice delivered pursuant hereto or (d) the assignment of any\nEurocurrency Loan other than on the last day of the Interest Period applicable\nthereto as a result of a</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"> </div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-56-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">request\nby the Borrower pursuant to Section 2.19, then, in any such event, the Borrower\nshall compensate each Lender for the loss, cost and expense attributable to such\nevent.  In the case of a Eurocurrency Loan, such loss, cost or expense\nto any Lender shall be deemed to be the amount determined by such Lender (it\nbeing understood that the deemed amount shall not exceed the actual amount) to\nbe the excess, if any, of (i) the amount of interest which would have accrued on\nthe principal amount of such Loan had such event not occurred, at the Adjusted\nLIBO Rate that would have been applicable to such Loan, for the period from the\ndate of such event to the last day of the then current Interest Period therefor\n(or, in the case of a failure to borrow, convert or continue a Eurocurrency\nLoan, for the period that would have been the Interest Period for such Loan),\nover (ii) the amount of interest which would accrue on such principal amount for\nsuch period at the interest rate which such Lender would bid were it to bid, at\nthe commencement of such period, for deposits in dollars of a comparable amount\nand period from other banks in the Eurodollar market.  A certificate\nof any Lender setting forth any amount or amounts that such Lender is entitled\nto receive pursuant to this Section shall be delivered to the Borrower and shall\nbe conclusive absent manifest error.  The Borrower shall pay such\nLender the amount shown as due on any such certificate within 10 days after\nreceipt thereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.17.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Taxes</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           Any\nand all payments by or on account of any obligation of any Loan Party hereunder\nshall be made free and clear of and without deduction for any Indemnified Taxes\nor Other Taxes; provided, that if a Loan Party shall be required to deduct any\nIndemnified Taxes or Other Taxes from such payments, then (i) the sum payable\nshall be increased as necessary so that after making all required deductions\n(including deductions applicable to additional sums payable under this Section\n2.17) the Administrative Agent or any Lender, as applicable, receives an amount\nequal to the sum it would have received had no such deductions been made, (ii)\nsuch Loan Party shall make such deductions and (iii) such Loan Party shall\ntimely pay the full amount deducted to the relevant Governmental Authority in\naccordance with applicable law.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           In\naddition, the Loan Parties shall pay any Other Taxes to the relevant\nGovernmental Authority in accordance with applicable law.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           Each\nLoan Party shall indemnify the Administrative Agent and each Lender, within 10\ndays after written demand therefor, for the full amount of any Indemnified Taxes\nor Other Taxes paid by the Administrative Agent or such Lender, as applicable,\non or with respect to any payment by or on account of any obligation of such\nLoan Party hereunder (including Indemnified Taxes or Other Taxes imposed or\nasserted on or attributable to amounts payable under this Section 2.17) and any\nreasonable expenses arising therefrom or with respect thereto, whether or not\nsuch Indemnified Taxes or Other Taxes were correctly or legally imposed or\nasserted by the relevant Governmental Authority.  A certificate as to\nthe amount of such payment or liability delivered to such Loan Party by a Lender\nor by the Administrative Agent on its own behalf, on behalf of another Agent or\non behalf of a Lender, shall be conclusive absent manifest error.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           As\nsoon as practicable after any payment of Indemnified Taxes or Other Taxes by a\nLoan Party to a Governmental Authority, such Loan Party shall deliver to the\nAdministrative Agent the original or a certified copy of a receipt issued by\nsuch Governmental Authority evidencing such payment, a copy of the return\nreporting such payment or other evidence of such payment reasonably satisfactory\nto the Administrative Agent.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           Any\nLender that is entitled to an exemption from or reduction of withholding Tax\nunder the laws of the jurisdiction in which the Borrower is located, or any\ntreaty to which such jurisdiction is a party, with respect to payments under\nthis Agreement shall deliver to the Borrower (with a copy</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-57-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">to the\nAdministrative Agent), to the extent such Lender is legally entitled to do so,\nat the time or times prescribed by applicable law, such properly completed and\nexecuted documentation prescribed by applicable law as may reasonably be\nrequested by the Borrower to permit such payments to be made without such\nwithholding Tax or at a reduced rate; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that no\nLender shall have any obligation under this paragraph (e) with respect to\nany withholding Tax imposed by any jurisdiction other than the United States if\nin the reasonable judgment of such Lender such compliance would subject such\nLender to any material unreimbursed cost or expense or would otherwise be\ndisadvantageous to such Lender in any material respect.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(f)           Each\nLender shall deliver to the Borrower and the Administrative Agent on the date on\nwhich such Lender becomes a Lender under this Agreement (and from time to time\nthereafter upon the reasonable request of the Borrower or the Administrative\nAgent), two original copies of whichever of the following is\napplicable:  (i) duly completed copies of Internal Revenue Service\nForm W-8BEN (or any subsequent versions thereof or successors thereto), claiming\neligibility for benefits of an income tax treaty to which the United States of\nAmerica is a party, (ii) duly completed copies of Internal Revenue Service Form\nW-8ECI (or any subsequent versions thereof or successors thereto), (iii) in the\ncase of a Lender claiming the benefits of the exemption for portfolio interest\nunder section 871(h) or 881(c) of the Code, (x) a certificate to the effect\nthat, for United States federal income tax purposes, such Lender is not (A) a\n“bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10\npercent shareholder” of the Borrower within the meaning of\nsection 871(h)(3)(B) or 881(c)(3)(B) of the Code, or (C) a “controlled\nforeign corporation” described in section 881(c)(3)(C) of the Code and\nthat, accordingly, such Lender qualifies for such exemption and (y) duly\ncompleted copies of  Internal Revenue Service Form W-8BEN (or any\nsubsequent versions thereof or successors thereto), (iv) duly completed copies\nof Internal Revenue Service Form W-8IMY, together with forms and certificates\ndescribed in clauses (i) through (iii) above (and additional Form W-8IMYs) as\nmay be required or (v) any other form prescribed by applicable law as a basis\nfor claiming exemption from or a reduction in United States federal withholding\ntax duly completed together with such supplementary documentation as may be\nprescribed by applicable law to permit the Borrower to determine the withholding\nor deduction required to be made.  In addition, in each of the\nforegoing circumstances, each Lender shall deliver such forms, if legally\nentitled to deliver such forms, promptly upon the obsolescence, expiration or\ninvalidity of any form previously delivered by such Lender.  Each\nLender shall promptly notify the Borrower at any time it determines that it is\nno longer in a position to provide any previously delivered certificate to\nthe  Borrower (or any other form of certification adopted by the\nUnited States of America or other taxing authorities for such\npurpose).  In addition, each Lender shall deliver to the Borrower and\nthe Administrative Agent two copies of Internal Revenue Service Form W-9 (or any\nsubsequent versions thereof or successors thereto) on or before the date such\nLender becomes a party and upon the expiration of any form previously delivered\nby such Lender.  Notwithstanding any other provision of this\nparagraph, a Lender shall not be required to deliver any form pursuant to this\nparagraph that such Lender is not legally able to deliver.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(g)           If\nthe Administrative Agent or a Lender receives a refund of any Indemnified Taxes\nor Other Taxes as to which it has been indemnified by a Loan Party or with\nrespect to which such Loan Party has paid additional amounts pursuant to this\nSection 2.17, it shall pay over such refund to such Loan Party (but only to\nthe extent of indemnity payments made, or additional amounts paid, by such Loan\nParty under this Section 2.17 with respect to the Taxes or Other Taxes\ngiving rise to such refund), net of all out-of-pocket expenses of the\nAdministrative Agent or such Lender (including any Taxes imposed with respect to\nsuch refund) as is determined by the Administrative Agent or such Lender, as\napplicable, in good faith and in its sole discretion, and without interest\n(other than any interest paid by the relevant Governmental Authority with\nrespect to such refund); <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, that such\nLoan Party, upon the request of the Administrative Agent or such Lender, agrees\nto repay as soon as reasonably practicable the amount paid over to such Loan\nParty (plus any penalties, interest or other charges imposed by the relevant\nGovernmental Authority) to the Administrative Agent or such Lender in the event\nthe Administrative Agent </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">or such\nLender is required to repay such refund to such Governmental\nAuthority.  This Section 2.17(g) shall not be construed to\nrequire the Administrative Agent or any Lender to make available its Tax returns\n(or any other information relating to its Taxes which it deems confidential) to\nthe Loan Parties or any other Person.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.18.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Payments Generally; Pro\nRata</font><font style=\"DISPLAY: inline; FONT-STYLE: italic; TEXT-DECORATION: underline\"> </font><font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Treatment; Sharing of\nSet-offs</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           Unless\notherwise specified, the Borrower shall make each payment required to be made by\nit hereunder (whether of principal, interest or fees or of amounts payable under\nSection 2.15, 2.16 or 2.17, or otherwise) prior to 2:00 p.m., New York City\ntime, on the date when due, in immediately available funds, without condition or\ndeduction for any defense, recoupment, set-off or counterclaim.  Any\namounts received after such time on any date may, in the discretion of the\nAdministrative Agent, be deemed to have been received on the next succeeding\nBusiness Day for purposes of calculating interest thereon.  All such\npayments shall be made to the Administrative Agent to the applicable account\ndesignated to the Borrower by the Administrative Agent, except that payments\npursuant to Sections 2.15, 2.16, 2.17, and 9.05 shall be made directly to the\nPersons entitled thereto.  The Administrative Agent shall distribute\nany such payments received by it for the account of any other Person to the\nappropriate recipient promptly following receipt thereof.  If any\npayment hereunder shall be due on a day that is not a Business Day, the date for\npayment shall be extended to the next succeeding Business Day, and, in the case\nof any payment accruing interest, interest thereon shall be payable for the\nperiod of such extension.  All payments hereunder or under another\nLoan Document shall be made in Dollars.  Any payment required to be\nmade by the Administrative Agent hereunder shall be deemed to have been made by\nthe time required if the Administrative Agent shall, at or before such time,\nhave taken the necessary steps to make such payment in accordance with the\nregulations or operating procedures of the clearing or settlement system used by\nthe Administrative Agent to make such payment.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-58-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           If\nat any time insufficient funds are received by and available to the\nAdministrative Agent from the Borrower to pay fully all amounts of principal,\ninterest and fees then due from the Borrower hereunder, such funds shall be\napplied (i) <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">first</font>, towards\npayment of interest and fees then due from the Borrower hereunder, ratably among\nthe parties entitled thereto in accordance with the amounts of interest and fees\nthen due to such parties and (ii) <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">second</font>, towards\npayment of principal then due from the Borrower hereunder, ratably among the\nparties entitled thereto in accordance with the amounts of principal then due to\nsuch parties.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           If\nany Lender shall, by exercising any right of set-off or counterclaim or\notherwise, obtain payment in respect of any principal of or interest on any of\nits Loans, resulting in such Lender receiving payment of a greater proportion of\nthe aggregate amount of its Loans and accrued interest thereon than the\nproportion received by any other Lender, then the Lender receiving such greater\nproportion shall purchase (for cash at face value) participations in the Loans\nof other Lenders to the extent necessary so that the benefit of all such\npayments shall be shared by the Lenders ratably in accordance with the aggregate\namount of principal of and accrued interest on their respective Loans; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that (i) if\nany such participations are purchased and all or any portion of the payment\ngiving rise thereto is recovered, such participations shall be rescinded and the\npurchase price restored to the extent of such recovery, without interest, and\n(ii) the provisions of this paragraph (c) shall not be construed to apply to any\npayment made by the Borrower pursuant to and in accordance with the express\nterms of this Agreement or any payment obtained by a Lender as consideration for\nthe assignment of or sale of a participation in any of its Loans to any assignee\nor participant, other than to the Borrower or any of its Subsidiaries or\nAffiliates thereof (as to which the provisions of this paragraph (c) shall\napply). The Borrower consents to the foregoing and agrees, to the extent it may\neffectively do so under applicable law, that any Lender acquiring a\nparticipation pursuant to the foregoing arrangements may exercise against the\nBorrower rights of </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">set-off\nand counterclaim with respect to such participation as fully as if such Lender\nwere a direct creditor of the Borrower in the amount of such\nparticipation.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           Unless\nthe Administrative Agent shall have received notice from the  Borrower\nprior to the date on which any payment is due to the Administrative Agent for\nthe account of the Lenders hereunder that the Borrower will not make such\npayment, the Administrative Agent may assume that the Borrower has made such\npayment on such date in accordance herewith and may, in reliance upon such\nassumption, distribute to the Lenders the amount due.  In such event,\nif the Borrower has not in fact made such payment, then each of the Lenders\nseverally agrees to repay to the Administrative Agent forthwith on demand the\namount so distributed to such Lender with interest thereon, for each day from\nand including the date such amount is distributed to it to but excluding the\ndate of payment to the Administrative Agent, at the greater of the Federal Funds\nEffective Rate and a rate determined by the Administrative Agent in accordance\nwith banking industry rules on interbank compensation.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-59-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           If\nany Lender shall fail to make any payment required to be made by it pursuant to\nSection 2.06(b) or 2.18(d), then the Administrative Agent may, in its\ndiscretion (notwithstanding any contrary provision hereof), apply any amounts\nthereafter received by the Administrative Agent for the account of such Lender\nto satisfy such Lender’s obligations under such Sections until all such\nunsatisfied obligations are fully paid.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.19.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Mitigation Obligations;\nReplacement of Lenders</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           If\nany Lender requests compensation under Section 2.15, or if the Borrower is\nrequired to pay any additional amount to any Lender or any Governmental\nAuthority for the account of any Lender pursuant to Section 2.17, then such\nLender shall use reasonable efforts to designate a different Lending Office for\nfunding or booking its Loans hereunder or to assign its rights and obligations\nhereunder to another of its offices, branches or Affiliates, if, in the\nreasonable judgment of such Lender, such designation or assignment\n(i) would eliminate or reduce amounts payable pursuant to Section 2.15 or\n2.17, as applicable, in the future and (ii) would not subject such Lender to any\nmaterial unreimbursed cost or expense and would not otherwise be disadvantageous\nto such Lender in any material respect.  The Borrower hereby agrees to\npay all reasonable costs and expenses incurred by any Lender in connection with\nany such designation or assignment.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           If\nany Lender requests compensation under Section 2.15, or if the Borrower is\nrequired to pay any additional amount to any Lender or any Governmental\nAuthority for the account of any Lender pursuant to Section 2.17, or is a\nDefaulting Lender, then the Borrower may, at its sole expense and effort, upon\nnotice to such Lender and the Administrative Agent, require such Lender to\nassign and delegate, without recourse (in accordance with and subject to the\nrestrictions contained in Section 9.04), all its interests, rights and\nobligations under this Agreement to an assignee that shall assume such\nobligations (which assignee may be another Lender, if a Lender accepts such\nassignment); <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that (i) the\nBorrower shall have received the prior written consent of the Administrative\nAgent, which consent shall not unreasonably be withheld, (ii) such Lender shall\nhave received payment of an amount equal to the outstanding principal of its\nLoans, accrued interest thereon, accrued fees and all other amounts payable to\nit hereunder, from the assignee (to the extent of such outstanding principal and\naccrued interest and fees) or the Borrower (in the case of all other amounts)\nand (iii) in the case of any such assignment resulting from a claim for\ncompensation under Section 2.15 or payments required to be made pursuant to\nSection 2.17, such assignment will result in a reduction in such compensation or\npayments.  Nothing in this Section 2.19 shall be deemed to prejudice\nany rights that the Borrower may have against any Lender that is a Defaulting\nLender.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"> </div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-60-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           If\nany Lender (such Lender, a “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Non-Consenting\nLender</font>”) has failed to consent to a proposed amendment, waiver, discharge\nor termination which pursuant to the terms of Section 9.08 requires the\nconsent of all of the Lenders affected and with respect to which the Required\nLenders shall have granted their consent, then the Borrower shall have the right\n(unless such Non-Consenting Lender grants such consent) to replace such\nNon-Consenting Lender by deeming such Non-Consenting Lender to have assigned its\nLoans, and its Commitments hereunder to one or more Assignees reasonably\nacceptable to the Administrative Agent (unless such assignee is a Lender, an\nAffiliate of a Lender or an Approved Fund); <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>\nthat:  (i) all Obligations of the Borrower owing to such\nNon-Consenting Lender being replaced shall be paid in full to such\nNon-Consenting Lender concurrently with such assignment, and (ii) the\nreplacement Lender shall purchase the foregoing by paying to such Non-Consenting\nLender a price equal to the principal amount thereof plus accrued and unpaid\ninterest thereon.  No action by or consent of the Non-Consenting\nLender shall be necessary in connection with such assignment, which shall be\nimmediately and automatically effective upon payment of such purchase\nprice.  In connection with any such assignment the Borrower,\nAdministrative Agent, such Non-Consenting Lender and the replacement Lender\nshall otherwise comply with Section 9.04; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, that if\nsuch Non-Consenting Lender does not comply with Section 9.04 within three\nBusiness Days after Borrower’s request, compliance with Section 9.04 shall not\nbe required to effect such assignment.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n2.20.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Illegality</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  If\nany Lender reasonably determines that any Change in Law has made it unlawful, or\nthat any Governmental Authority has asserted after the Closing Date that it is\nunlawful, for such Lender or its applicable Lending Office to make or maintain\nany Eurocurrency Loans, then, on notice thereof by such Lender to the Borrower\nthrough the Administrative Agent, any obligations of such Lender to make or\ncontinue Eurocurrency Loans or to convert ABR Borrowings to Eurocurrency\nBorrowings shall be suspended until such Lender notifies the Administrative\nAgent and the Borrower that the circumstances giving rise to such determination\nno longer exist.  Upon receipt of such notice, the Borrower shall upon\ndemand from such Lender (with a copy to the Administrative Agent), convert all\nEurocurrency Borrowings of such Lender to ABR Borrowings on the last day of the\nInterest Period therefor if such Lender may lawfully continue to maintain such\nEurocurrency Borrowings to such day, or immediately, if such Lender may not\nlawfully continue to maintain such Loans.  Upon any such conversion,\nthe Borrower shall also pay accrued interest on the amount so\nconverted.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">ARTICLE\nIII</font><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman\">Representations\nand Warranties</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">On the\nClosing Date (after giving effect to the Transactions, except as set forth in\nSection 4.02(l)), the Borrower represents and warrants to each of the Lenders\nthat:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.01.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Organization;\nPowers</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Except\nas set forth on <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Schedule 3.01</font>,\nthe Borrower and each of the Material Subsidiaries (a) is a partnership, limited\nliability company or corporation duly organized, validly existing and in good\nstanding (or, if applicable in a foreign jurisdiction, enjoys the equivalent\nstatus under the laws of any jurisdiction of organization outside the United\nStates) under the laws of the jurisdiction of its organization, (b) has all\nrequisite power and authority to own its property and assets and to carry on its\nbusiness as now conducted, (c) is qualified to do business in each jurisdiction\nwhere such qualification is required, except where the failure so to qualify\nwould not reasonably be expected to have a Material Adverse Effect, and (d) has\nthe power and authority to execute, deliver and perform its obligations under\neach of the Loan Documents and each other agreement or instrument contemplated\nthereby to which it is or will be a party and, in the case of the Borrower, to\nborrow and otherwise obtain credit hereunder.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.02.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Authorization</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  The\nexecution, delivery and performance by the Borrower and each of the Subsidiary\nLoan Parties of each of the Loan Documents, the Exchange Notes Indenture, the\nExchange Notes (and the related guarantees) and the Registration Rights\nAgreement to which it is, or will be, as applicable, a party, and the borrowings\nhereunder and the transactions forming a part of the Transactions hereunder and\nthereunder (a) have been duly authorized by all corporate, stockholder,\npartnership or limited liability company action required to be obtained by the\nBorrower and such Subsidiary Loan Parties and (b) will not (i) violate (A) any\nprovision of law, statute, rule or regulation, or of the certificate or articles\nof incorporation or other constitutive documents (including any partnership,\nlimited liability company or operating agreements) or by-laws of the Borrower or\nany such Subsidiary Loan Party, (B) any applicable order of any court or any\nrule, regulation or order of any Governmental Authority or (C) any provision of\nany indenture, certificate of designation for preferred stock, agreement or\nother instrument to which the Borrower or any such Subsidiary Loan Party is a\nparty or by which any of them or any of their property is or may be bound, (ii)\nbe in conflict with, result in a breach of or constitute (alone or with notice\nor lapse of time or both) a default under, give rise to a right of or result in\nany cancellation or acceleration of any right or obligation (including any\npayment) or to a loss of a material benefit under any such indenture,\ncertificate of designation for preferred stock, agreement or other instrument,\nwhere any such conflict, violation, breach or default referred to in\nclause (i) or (ii) of this Section 3.02(b), would reasonably be\nexpected to have, individually or in the aggregate, a Material Adverse Effect,\nor (iii) result in the creation or imposition of any Lien upon or with respect\nto any property or assets now owned or hereafter acquired by the Borrower or any\nsuch Subsidiary Loan Party, other than the Liens created by the Loan Documents\nand Permitted Liens.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-61-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.03.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Enforceability</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  This\nAgreement has been duly executed and delivered by the Borrower and constitutes,\nand each other Loan Document, the Exchange Notes Indenture, the Exchange Notes\n(and the related guarantees) and the Registration Rights Agreement when executed\nand delivered by each Loan Party that is party thereto (assuming execution and\ndelivery of such documents occurred as of the Closing Date) would constitute, a\nlegal, valid and binding obligation of such Loan Party enforceable against each\nsuch Loan Party in accordance with its terms, subject to (i) the effects of\nbankruptcy, insolvency, moratorium, reorganization, fraudulent conveyance or\nother similar laws affecting creditors’ rights generally, (ii) general\nprinciples of equity (regardless of whether such enforceability is considered in\na proceeding in equity or at law) and (iii) implied covenants of good faith and\nfair dealing.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.04.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Governmental\nApprovals</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  No\naction, consent or approval of, registration or filing with or any other action\nby any Governmental Authority is required in connection with the Transactions or\nwould be required in connection with the execution, delivery and performance of\nthe Exchange Notes Indenture, the Exchange Notes (and the related guarantees)\nand the Registration Rights Agreement (assuming that execution, delivery and\nperformance of such documents occurred as of the Closing Date), the perfection\nor maintenance of the Liens created under the Security Documents or the exercise\nby any Agent or any Lender of its rights under the Loan Documents or the\nremedies in respect of the Collateral, except for (a) the filing of Uniform\nCommercial Code financing statements, (b) filings with the United States Patent\nand Trademark Office and the United States Copyright Office and comparable\noffices in foreign jurisdictions and equivalent filings in foreign\njurisdictions, (c) recordation of the Mortgages, (d) such as have been made or\nobtained and are in full force and effect, (e) the registration requirements\nwith the SEC contemplated by the Registration Rights Agreement, (f) such\nactions, consents and approvals the failure of which to be obtained or made\nwould not reasonably be expected to have a Material Adverse Effect and (g)\nfilings or other actions listed on <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Schedule 3.04</font>.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.05.                                Financial\nStatements</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           The\nunaudited pro forma<font style=\"DISPLAY: inline; FONT-STYLE: italic\"> </font>consolidated financial\ninformation (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Pro\nForma Financial Statements</font>”) and pro forma<font style=\"DISPLAY: inline; FONT-STYLE: italic\"> </font>adjusted EBITDA (the\n“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Pro Forma Adjusted\nEBITDA</font>”), for the twelve months ended on or about September 29,\n2007, copies of which have heretofore been furnished on or before the date\nhereof to each Lender as of the date hereof, have been prepared giving effect\n(as if such events had occurred on such date) to the\nTransactions.  Each of the Pro Forma Financial Statements and the Pro\nForma Adjusted EBITDA has been prepared in good faith based on assumptions\nbelieved by the Borrower to have been reasonable as of the date of delivery\nthereof (it being understood that such assumptions are based on good faith\nestimates of certain items and that the actual amount of such items on the\nClosing Date is subject to change), and presents fairly in all material respects\non a Pro Forma Basis (as defined in the Term Loan Credit Agreement as in effect\non the date hereof) the estimated financial position of the Borrower and its\nconsolidated Subsidiaries as at September 29, 2007, assuming that the\nTransactions, <font style=\"DISPLAY: inline; FONT-FAMILY: Times New Roman\">the\nBerry Covalence Merger and the Captive Acquisition,</font> had actually occurred\nat such date, and the results of operations of Borrower and its consolidated\nsubsidiaries for the twelve-month period ended September 29, 2007, assuming\nthat the Transactions, the <font style=\"DISPLAY: inline; FONT-FAMILY: Times New Roman\">Berry Covalence Merger and\nthe Captive Acquisition,</font> had actually occurred on the first day of such\ntwelve-month period.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           The\nconsolidated or combined balance sheets of the Borrower at September 29, 2007\nand September 30, 2006, and the related consolidated or combined statements of\noperations for the year ended September 29, 2007, period from February 17 to\nSeptember 30, 2006, period from October 1, 2005 to February 16, 2006 and the\nyear ended September 30, 2005, consolidated or combined statements of changes in\nstockholders’ equity and comprehensive income (loss) for the year ended\nSeptember 29, 2007, period from February 17 to September 30, 2006, period from\nOctober 1, 2005 to February 16, 2006 and the year ended September 30, 2005 and\nconsolidated or combined statements of cash flows for year ended September 29,\n2007, period from February 17 to September 30, 2006, period from October 1, 2005\nto February 16, 2006 and the year ended September 30, 2005, reported on by and\naccompanied by a report from independent accountants, copies of which have\nheretofore been furnished to each Lender, present fairly in all material\nrespects the combined financial position of Covalence or the Borrower, as\napplicable, as at such date and the combined results of operations,\nshareholders’ equity and cash flows of Covalence and its predecessor or the\nBorrower for the years then ended.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.06.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">No Material Adverse\nEffect</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Since\nSeptember 29, 2007, there has been no event, development or circumstance that\nhas or would reasonably be expected to have a Material Adverse\nEffect.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.07.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Title to Properties;\nPossession Under Leases</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           Each\nof the Borrower and the Subsidiaries has valid fee simple title to, or valid\nleasehold interests in, or easements or other limited property interests in, all\nits Real Properties (including all Mortgaged Properties) and has valid title to\nits personal property and assets, in each case, except for Permitted Liens and\nexcept for defects in title that do not materially interfere with its ability to\nconduct its business as currently conducted or to utilize such properties and\nassets for their intended purposes and except where the failure to have such\ntitle would not reasonably be expected to have, individually or in the\naggregate, a Material Adverse Effect.  All such properties and assets\nare free and clear of Liens, other than Permitted Liens.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           Each\nof the Borrower and the Subsidiaries has complied with all obligations under all\nleases to which it is a party, except where the failure to comply would not\nreasonably be expected to have, individually or in the aggregate, a Material\nAdverse Effect, and all such leases are in full force and effect, except leases\nin respect of which the failure to be in full force and effect would not\nreasonably </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">be\nexpected to have a Material Adverse Effect.  Except as set forth on\n<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Schedule 3.07(b)</font>,\neach of the Borrower and each of the Subsidiaries enjoys peaceful and\nundisturbed possession under all such leases, other than leases in respect of\nwhich the failure to enjoy peaceful and undisturbed possession would not\nreasonably be expected to have, individually or in the aggregate, a Material\nAdverse Effect.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           As\nof the Closing Date, none of the Borrower or the Subsidiaries has received any\nnotice of any pending or contemplated condemnation proceeding affecting any\nmaterial portion of the Mortgaged Properties or any sale or disposition thereof\nin lieu of condemnation that remains unresolved as of the Closing\nDate.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           None\nof the Borrower or the Subsidiaries is obligated on the Closing Date under any\nright of first refusal, option or other contractual right to sell, assign or\notherwise dispose of any Mortgaged Property or any interest therein, except as\npermitted under Section 6.02 or 6.03.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-62-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.08.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Subsidiaries</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Schedule 3.08(a)</font>\nsets forth as of the Closing Date the name and jurisdiction of incorporation,\nformation or organization of each subsidiary of the Borrower and, as to each\nsuch subsidiary, the percentage of each class of Equity Interests owned by the\nBorrower or by any such subsidiary.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           As\nof the Closing Date, there are no outstanding subscriptions, options, warrants,\ncalls, rights or other agreements or commitments (other than stock options or\nstock appreciation rights granted to employees or directors and directors’\nqualifying shares) of any nature relating to any Equity Interests of the\nBorrower or any of the Subsidiaries, except rights of employees to purchase\nEquity Interests of the Borrower in connection with the Transactions or as set\nforth on <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Schedule 3.08(b)</font>.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.09.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Litigation; Compliance with\nLaws</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           There\nare no actions, suits or proceedings at law or in equity or, to the knowledge of\nthe Borrower, investigations by or on behalf of any Governmental Authority or in\narbitration now pending, or, to the knowledge of the Borrower, threatened in\nwriting against or affecting the Borrower or any of the Subsidiaries or any\nbusiness, property or rights of any such Person which would reasonably be\nexpected to have, individually or in the aggregate, a Material Adverse\nEffect.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           None\nof the Borrower, the Subsidiaries and their respective properties or assets is\nin violation of (nor will the continued operation of their material properties\nand assets as currently conducted violate) any law, rule or regulation\n(including any zoning, building, ordinance, code or approval or any building\npermit, but excluding any Environmental Laws, which are subject to\nSection 3.16) or any restriction of record or agreement affecting any\nMortgaged Property, or is in default with respect to any judgment, writ,\ninjunction or decree of any Governmental Authority, where such violation or\ndefault would reasonably be expected to have, individually or in the aggregate,\na Material Adverse Effect.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.10.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Federal Reserve\nRegulations</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           None\nof the Borrower or the Subsidiaries is engaged principally, or as one of its\nimportant activities, in the business of extending credit for the purpose of\npurchasing or carrying Margin Stock.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           No\npart of the proceeds of any Loan will be used, whether directly or indirectly,\nand whether immediately, incidentally or ultimately, (i) to purchase or carry\nMargin Stock or to extend credit to others for the purpose of purchasing or\ncarrying Margin Stock or to refund indebtedness orig</font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">nally\nincurred for such purpose, or (ii) for any purpose that entails a violation of,\nor that is inconsistent with, the provisions of the Regulations of the Board,\nincluding Regulation U or Regulation X.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.11.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Investment Company\nAct</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  None\nof the Borrower and the Subsidiaries is an “investment company” as defined in,\nor subject to regulation under, the Investment Company Act of 1940, as\namended.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.12.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Use of\nProceeds</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  The\nBorrower will use the proceeds of the Bridge Loans, together with other cash, to\nfinance the Captive Acquisition, pay the Transaction Expenses, and for general\ncorporate purposes.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-63-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.13.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Tax\nReturns</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Except\nas set forth on <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Schedule 3.13</font>:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           Except\nas would not, individually or in the aggregate, reasonably be expected to have a\nMaterial Adverse Effect, (i) each of the Borrower and the Subsidiaries has filed\nor caused to be filed all federal, state, local and non-U.S. Tax returns\nrequired to have been filed by it and (ii) taken as a whole, and each such Tax\nreturn is true and correct;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           Each\nof the Borrower and the Subsidiaries has timely paid or caused to be timely paid\nall Taxes shown to be due and payable by it on the returns referred to in\nclause (a) and all other Taxes or assessments (or made adequate provision\n(in accordance with GAAP) for the payment of all Taxes due) with respect to all\nperiods or portions thereof ending on or before the Closing Date (except for\nTaxes or assessments that are being contested in good faith by appropriate\nproceedings in accordance with Section 5.03 and for which the Borrower or\nany of the Subsidiaries (as the case may be) has set aside on its books adequate\nreserves in accordance with GAAP), which Taxes, if not paid or adequately\nprovided for, would, individually or in the aggregate, reasonably be expected to\nhave a Material Adverse Effect; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           Other\nthan as would not be, individually or in the aggregate, reasonably expected to\nhave a Material Adverse Effect:  as of the Closing Date, with respect\nto each of the Borrower and the Subsidiaries, there are no claims being asserted\nin writing with respect to any Taxes.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.14.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">No Material\nMisstatements</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           All\nwritten information (other than the Projections, estimates and information of a\ngeneral economic nature or general industry nature) (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Information</font>”)\nconcerning the Borrower, the Subsidiaries, the Transactions and any other\ntransactions contemplated hereby or otherwise prepared by or on behalf of the\nforegoing or their representatives and made available to any Lenders or the\nAdministrative Agent in connection with the Transactions or the other\ntransactions contemplated hereby, when taken as a whole, was true and correct in\nall material respects, as of the date such Information was furnished to the\nLenders and as of the Closing Date and did not, taken as a whole, contain any\nuntrue statement of a material fact as of any such date or omit to state a\nmaterial fact necessary in order to make the statements contained therein, taken\nas a whole, not materially misleading in light of the circumstances under which\nsuch statements were made.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           The\nProjections and estimates and information of a general economic nature prepared\nby or on behalf of the Borrower or any of its representatives and that have been\nmade available to any Lenders or the Administrative Agent in connection with the\nTransactions or the other transactions contemplated hereby (i) have been\nprepared in good faith based upon assumptions believed by the Borrower to be\nreasonable as of the date thereof (it being understood that actual results may\nvary materially </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">from the\nProjections), as of the date such Projections and estimates were furnished to\nthe Lenders and as of the Closing Date, and (ii) as of the Closing Date, have\nnot been modified in any material respect by the Borrower.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.15.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Employee Benefit\nPlans</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           Except\nas would not reasonably be expected, individually or in the aggregate, to have a\nMaterial Adverse Effect:  (i) each Plan is in compliance in all\nmaterial respects with the applicable provisions of ERISA and the Code; (ii) no\nReportable Event has occurred during the past five years as to which the\nBorrower, any of its Subsidiaries or any ERISA Affiliate was required to file a\nreport with the PBGC, other than reports that have been filed; (iii) no Plan has\nany Unfunded Pension Liability in excess of $50.0 million; (iv) no ERISA Event\nhas occurred or is reasonably expected to occur; and (v) none of the Borrower,\nthe Subsidiaries and the ERISA Affiliates (A) has received any written\nnotification that any Multiemployer Plan is in reorganization or has been\nterminated within the meaning of Title IV of ERISA, or has knowledge that any\nMultiemployer Plan is reasonably expected to be in reorganization or to be\nterminated or (B) has incurred or is reasonably expected to incur any Withdrawal\nLiability to any Multiemployer Plan.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-64-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           Each\nof the Borrower and the Subsidiaries is in compliance (i) with all applicable\nprovisions of law and all applicable regulations and published interpretations\nthereunder with respect to any employee pension benefit plan or other employee\nbenefit plan governed by the laws of a jurisdiction other than the United States\nand (ii) with the terms of any such plan, except, in each case, for such\nnoncompliance that would not reasonably be expected to have a Material Adverse\nEffect.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.16.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Environmental\nMatters</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Except\nas set forth in <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Schedule 3.16</font>\nand except as to matters that would not reasonably be expected to have,\nindividually or in the aggregate, a Material Adverse Effect:  (i) no\nwritten notice, request for information, order, complaint or penalty has been\nreceived by the Borrower or any of its Subsidiaries, and there are no judicial,\nadministrative or other actions, suits or proceedings pending or, to the\nBorrower’s knowledge, threatened which allege a violation of or liability under\nany Environmental Laws, in each case relating to the Borrower or any of its\nSubsidiaries, (ii) each of the Borrower and its Subsidiaries has all\nenvironmental permits, licenses and other approvals necessary for its operations\nto comply with all applicable Environmental Laws and is, and during the term of\nall applicable statutes of limitation, has been, in compliance with the terms of\nsuch permits, licenses and other approvals and with all other applicable\nEnvironmental Laws, (iii) to the Borrower’s knowledge, no Hazardous Material is\nlocated at, on or under any property currently owned, operated or leased by the\nBorrower or any of its Subsidiaries that would reasonably be expected to give\nrise to any cost, liability or obligation of the Borrower or any of its\nSubsidiaries under any Environmental Laws, and no Hazardous Material has been\ngenerated, owned, treated, stored, handled or controlled by the Borrower or any\nof its Subsidiaries and transported to or Released at any location in a manner\nthat would reasonably be expected to give rise to any cost, liability or\nobligation of the Borrower or any of its Subsidiaries under any Environmental\nLaws, and (iv) there are no agreements in which the Borrower or any of its\nSubsidiaries has expressly assumed or undertaken responsibility for any known or\nreasonably likely liability or obligation of any other Person arising under or\nrelating to Environmental Laws, which in any such case has not been made\navailable to the Administrative Agent prior to the Closing Date.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.17.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Security\nDocuments</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           The\nCollateral Agreement is effective to create in favor of the Collateral Agent\n(for the benefit of the Secured Parties) a legal, valid and enforceable security\ninterest in the Collateral described therein and proceeds thereof.  In\nthe case of the Pledged Collateral described in the Collateral Agreement, when\ncertificates or promissory notes, as applicable, representing such Pledged\nCollateral are </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">delivered\nto the Possessory Collateral Agent, and in the case of the other Collateral\ndescribed in the Collateral Agreement (other than the Intellectual Property (as\ndefined in the Collateral Agreement)), when financing statements and other\nfilings specified in the Perfection Certificate are filed in the offices\nspecified in the Perfection Certificate, the Collateral Agent (for the benefit\nof the Secured Parties) shall have a fully perfected Lien on, and security\ninterest in, all right, title and interest of the Loan Parties in such\nCollateral and, subject to Section 9-315 of the New York Uniform Commercial\nCode, the proceeds thereof, as security for the Obligations to the extent\nperfection can be obtained by filing Uniform Commercial Code financing\nstatements, in each case prior and superior in right to any other Person (except\nPermitted Liens).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-65-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           When\nthe Collateral Agreement or a summary thereof is properly filed in the United\nStates Patent and Trademark Office and the United States Copyright Office, and,\nwith respect to Collateral in which a security interest cannot be perfected by\nsuch filings, upon the proper filing of the financing statements referred to in\nparagraph (a) above, the Possessory Collateral Agent (for the benefit of\nthe Secured Parties) shall have a fully perfected Lien on, and security interest\nin, all right, title and interest of the Loan Parties thereunder in all domestic\nIntellectual Property, in each case prior and superior in right to any other\nPerson (it being understood that subsequent recordings in the United States\nPatent and Trademark Office and the United States Copyright Office may be\nnecessary to perfect a lien on registered trademarks and patents, trademark and\npatent applications and registered copyrights acquired by the grantors after the\nClosing Date) (except Permitted Liens).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           Each\nForeign Pledge Agreement, if any, shall be effective to create in favor of the\nCollateral Agent, for the benefit of the Secured Parties, a legal, valid and\nenforceable security interest in the Collateral described therein and proceeds\nthereof to the fullest extent permissible under applicable law.  In\nthe case of the Pledged Collateral described in a Foreign Pledge Agreement, when\ncertificates representing such Pledged Collateral (if any) are delivered to the\nPossessory Collateral Agent, the Collateral Agent (for the benefit of the\nSecured Parties) shall have a fully perfected Lien on, and security interest in,\nall right, title and interest of the Loan Parties in such Collateral and the\nproceeds thereof, as security for the Obligations, in each case prior and\nsuperior in right to any other Person.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           The\nMortgages to be executed and delivered after the Closing Date pursuant to\nSection 5.10 shall be effective to create in favor of the Collateral Agent\n(for the benefit of the Secured Parties) a valid Lien on all of the Loan\nParties’ right, title and interest in and to the Mortgaged Property thereunder\nand the proceeds thereof, and when such Mortgages are filed or recorded in the\nproper real estate filing or recording offices, the Collateral Agent (for the\nbenefit of the Secured Parties) shall have a fully perfected Lien on, and\nsecurity interest in, all right, title and interest of the Loan Parties in such\nMortgaged Property and, to the extent applicable, subject to Section 9-315\nof the Uniform Commercial Code, the proceeds thereof, in each case prior and\nsuperior in right to any other Person, other than with respect to the rights of\na Person pursuant to Permitted Liens.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           Notwithstanding\nanything herein (including this Section 3.17) or in any other Loan Document to\nthe contrary, other than to the extent set forth in the applicable Foreign\nPledge Agreements, neither the Borrower nor any other Loan Party makes any\nrepresentation or warranty as to the effects of perfection or non-perfection,\nthe priority or the enforceability of any pledge of or security interest in any\nEquity Interests of any Foreign Subsidiary that is not a Loan Party, or as to\nthe rights and remedies of the Agents or any Lender with respect thereto, under\nforeign law.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.18.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Location of Real Property\nand Leased Premises</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           The\nPerfection Certificate lists completely and correctly, in all material respects,\nas of the Closing Date all material Real Property owned by the Borrower and the\nSubsidiary Loan Parties </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">and the\naddresses thereof.  As of the Closing Date, the Borrower and the\nSubsidiary Loan Parties own in fee all the Real Property set forth as being\nowned by them on the Perfection Certificate.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-66-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           The\nPerfection Certificate lists completely and correctly in all material respects,\nas of the Closing Date, all material real property leased by the Borrower and\nthe Subsidiary Loan Parties and the addresses thereof.  As of the\nClosing Date, the Borrower and the Subsidiary Loan Parties have in all material\nrespects valid leases in all the real property set forth as being leased by them\non the Perfection Certificate.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.19.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Solvency</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           Immediately\nafter giving effect to the Transactions on the Closing Date, (i) the fair value\nof the assets of the Borrower (individually) and the Borrower and its\nSubsidiaries on a consolidated basis, at a fair valuation, will exceed the debts\nand liabilities, direct, subordinated, contingent or otherwise, of the Borrower\n(individually) and the Borrower and its Subsidiaries on a consolidated basis,\nrespectively; (ii) the present fair saleable value of the property of the\nBorrower (individually) and the Borrower and its Subsidiaries on a consolidated\nbasis will be greater than the amount that will be required to pay the probable\nliability of the Borrower (individually) and the Borrower and its Subsidiaries\non a consolidated basis, respectively, on their debts and other liabilities,\ndirect, subordinated, contingent or otherwise, as such debts and other\nliabilities become absolute and matured; (iii) the Borrower (individually) and\nthe Borrower and its Subsidiaries on a consolidated basis will be able to pay\ntheir debts and liabilities, direct, subordinated, contingent or otherwise, as\nsuch debts and liabilities become absolute and matured; and (iv) the Borrower\n(individually) and the Borrower and its Subsidiaries on a consolidated basis\nwill not have unreasonably small capital with which to conduct the businesses in\nwhich they are engaged as such businesses are now conducted and are proposed to\nbe conducted following the Closing Date.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           On\nthe Closing Date, the Borrower does not intend to, and does not believe that it\nor any of its subsidiaries will, incur debts beyond its ability to pay such\ndebts as they mature, taking into account the timing and amounts of cash to be\nreceived by it or any such subsidiary and the timing and amounts of cash to be\npayable on or in respect of its Indebtedness or the Indebtedness of any such\nsubsidiary.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.20.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Labor\nMatters</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Except\nas, individually or in the aggregate, would not reasonably be expected to have a\nMaterial Adverse Effect:  (a) there are no strikes or other labor\ndisputes pending or threatened against the Borrower or any of the Subsidiaries;\n(b) the hours worked and payments made to employees of the Borrower and the\nSubsidiaries have not been in violation of the Fair Labor Standards Act or any\nother applicable law dealing with such matters; and (c) all payments due from\nthe Borrower or any of the Subsidiaries or for which any claim may be made\nagainst the Borrower or any of the Subsidiaries, on account of wages and\nemployee health and welfare insurance and other benefits have been paid or\naccrued as a liability on the books of the Borrower or such Subsidiary to the\nextent required by GAAP.  Except as, individually or in the aggregate,\nwould not reasonably be expected to have a Material Adverse Effect, the\nconsummation of the Transactions will not give rise to a right of termination or\nright of renegotiation on the part of any union under any material collective\nbargaining agreement to which the Borrower or any of the Subsidiaries (or any\npredecessor) is a party or by which the Borrower or any of the Subsidiaries (or\nany predecessor) is bound.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.21.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Insurance</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Schedule 3.21</font>\nsets forth a true, complete and correct description of all material insurance\nmaintained by or on behalf of the Borrower or the Subsidiaries as of the Closing\nDate.  As of such date, such insurance is in full force and\neffect.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.22.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">No\nDefault</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  No\nDefault or Event of Default has occurred and is continuing or would result from\nthe consummation of the transactions contemplated by this Agreement or any other\nLoan Document.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.23.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Intellectual Property;\nLicenses, etc</font>.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">  Except\nas would not reasonably be expected to have a Material Adverse Effect and as set\nforth in <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Schedule\n3.23</font>, (a) the Borrower and each of its Subsidiaries owns, or possesses\nthe right to use, all of the patents, patent rights, trademarks, service marks,\ntrade names, copyrights and any and all applications or registrations for any of\nthe foregoing (collectively, “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Intellectual Property\nRights</font>”) that are reasonably necessary for the operation of their\nrespective businesses, without conflict with the rights of any other Person, (b)\nto the best knowledge of the Borrower, no intellectual property right,\nproprietary right, product, process, method, substance, part, or other material\nnow employed, sold or offered by or contemplated to be employed, sold or offered\nby the Borrower or its Subsidiaries infringes upon any rights held by any other\nPerson, and (c) no claim or litigation regarding any of the foregoing is pending\nor, to the best knowledge of the Borrower, threatened.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-67-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n3.24.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Senior\nDebt</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  The\nObligations constitute “Senior Debt” (or the equivalent thereof) and “Designated\nSenior Debt” (or the equivalent thereof) under the Senior Subordinated Notes\nIndentures.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">ARTICLE\nIV</font></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman\">Conditions\nof Lending</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">The\nobligations of the Lenders to make Bridge Loans hereunder on the Closing Date\nare subject to the satisfaction of the following conditions:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           The\nAdministrative Agent (or its counsel) shall have received from each party hereto\neither (i) a counterpart of this Agreement signed on behalf of such party, or\n(ii) written evidence satisfactory to the Administrative Agent (which may\ninclude telecopy transmission of a signed signature page of this Agreement) that\nsuch party has signed a counterpart of this Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           The\nAdministrative Agent shall have received, on behalf of itself and the Lenders on\nthe Closing Date, a favorable written opinion of (i) Wachtell, Lipton, Rosen\n& Katz, special counsel for the Loan Parties, in form and substance\nreasonably satisfactory to the Administrative Agent, (ii) Richards, Layton &\nFinger, Delaware local counsel for the Loan Parties, in form and substance\nreasonably satisfactory to the Administrative Agent, (iii) Rudolph, Fine, Porter\n& Johnson, Indiana local counsel for the Loan Parties, in form and substance\nreasonably satisfactory to the Administrative Agent, (iv) Thompson Hine LLP,\nOhio local counsel for the Loan Parties, in form and substance reasonably\nsatisfactory to the Administrative Agent, in form and substance reasonably\nsatisfactory to the Administrative Agent, (v) Lowenstein Sandler PC, New Jersey\nlocal counsel for the Loan Parties, in form and substance reasonably\nsatisfactory to the Administrative Agent, in form and substance reasonably\nsatisfactory to the Administrative Agent, (vi) Venable LLP, Maryland local\ncounsel for the Loan Parties, in form and substance reasonably satisfactory to\nthe Administrative Agent, (vii) Jeff Thompson, in house counsel for certain of\nthe Loan Parties, and (viii) Graham Curtain, A Professional Association, special\ncounsel for certain of the Loan Parties, in form and substance reasonably\nsatisfactory to the Administrative Agent, in form and substance reasonably\nsatisfactory to the Administrative Agent, in each case (A) dated the Closing\nDate, (B) addressed to the Administrative Agent and the Lenders and (C) in form\nand substance reasonably satisfactory to the Administrative Agent and covering\nsuch other matters relating to the Loan Documents as the Administrative Agent\nshall reasonably request.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           The\nAdministrative Agent shall have received in the case of each Loan Party each of\nthe items referred to in clauses (i), (ii), (iii) and (iv)\nbelow:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)       a\ncertificate as to the good standing (to the extent such concept or a similar\nconcept exists under the laws of the jurisdiction of organization of such Loan\nParty) of each such Loan Party as of a recent date from such Secretary of State\n(or other similar official);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-68-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  a\ncertificate of the Secretary or Assistant Secretary or similar officer of each\nLoan Party dated the Closing Date in the form of Exhibit I hereto.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           The\nelements of the Collateral and Guarantee Requirement required to be satisfied on\nthe Closing Date shall have been satisfied (other than in the case of any\nsecurity interest in the intended Collateral or any deliverable related to the\nperfection of security interests in the intended Collateral (other than any\nCollateral the security interest in which may be perfected by the filing of a\nUCC financing statement or the delivery of stock certificates and the security\nagreement giving rise to the security interest therein) that is not provided on\nthe Closing Date after the Borrower’s use of commercially reasonable efforts to\ndo so, which security interest or deliverable shall be delivered within the time\nperiods specified with respect thereto in Section 5.01 of the Collateral\nAgreement), and the Administrative Agent shall have received a completed\nPerfection Certificate, dated the Closing Date and signed by a Responsible\nOfficer of the Company, together with all attachments contemplated thereby,\nincluding the lien search results.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           The\nCaptive Acquisition shall have been consummated or shall be consummated\nsimultaneously with or immediately following the closing under this Agreement in\naccordance with the terms and conditions of the Captive Acquisition as set forth\nin the Captive Merger Documents, without material amendment, supplement,\nmodification or waiver thereof which is materially adverse to the Lenders\nwithout the prior written consent of the Joint Lead Arrangers.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(f)           The\nLenders shall have received (i) the financial statements referred to in\nSection 3.05; (ii) unaudited consolidated balance sheets of the Borrower\nfor each fiscal quarter ended after the close of its most recent fiscal year and\nat least 45 days prior to the Closing Date, and the related audited combined\nstatements of income, stockholders’ equity and cash flows for such fiscal\nquarters, copies of which have heretofore been furnished to each Lender, present\nfairly in all material respects the combined financial position of the Borrower,\nas applicable, as at such date and the combined results of operations,\nshareholders’ equity and cash flows of the Borrower for the quarters then ended\nand (iii) to the extent available to the Borrower (x) the summary annual balance\nsheets of Captive Holdings for each fiscal year ended after the close of its\nmost recent fiscal year and at least 90 days prior to the Closing Date, and the\nrelated audited combined statements of income, stockholders’ equity and cash\nflows for such fiscal year and (y) the summary quarterly balance sheets of\nCaptive Holdings for each fiscal quarter ended after the close of its most\nrecent fiscal year and at least 45 days prior to the Closing Date, and the\nrelated audited combined statements of income, stockholders’ equity and cash\nflows for such fiscal year.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(g)           On\nthe Closing Date, after giving effect to the Transactions and the other\ntransactions contemplated hereby, the Borrower and the Subsidiaries shall have\noutstanding no Indebtedness other than (i) the Loans under this Agreement, (ii)\nthe Senior Subordinated Notes, (iii) the Second Priority Notes, (iv) the\nextensions of credit under the Revolving Credit Agreement, (v) the loans under\nthe Term Loan Credit Agreement and (vi) other Indebtedness permitted pursuant to\nSection 6.01.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(h)           The\nLenders shall have received a solvency certificate substantially in the form of\n<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exhibit B</font>\nand signed by the Chief Financial Officer of the Borrower confirming the\nsolvency of Borrower and its Subsidiaries on a consolidated basis after giving\neffect to the Transactions on the Closing Date.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)           The\nAgents shall have received all fees payable thereto or to any Lender on or prior\nto the Closing Date and, to the extent invoiced, all other amounts due and\npayable pursuant to the Loan Documents on or prior to the Closing Date,\nincluding, to the extent invoiced, reimbursement or payment of all reasonable\nout-of-pocket expenses (including reasonable fees, charges and disbursements of\nCahill Gordon & Reindel <font style=\"DISPLAY: inline; FONT-SIZE: 10pt\">LLP</font> and local counsel) required\nto be reimbursed or paid by the Loan Parties hereunder or under any Loan\nDocument.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-69-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(j)           Each\nof (i) the Collateral Agreement, (ii) the Senior Lender Intercreditor Agreement,\n(iii) the Second Priority Intercreditor Agreement and (iv) the Senior Fixed\nLender Intercreditor Agreement shall have been executed and delivered by the\nrespective parties thereto and shall have become effective, and the\nAdministrative Agent shall have received evidence satisfactory to it of such\nexecution and delivery and effectiveness.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(k)           The\nAdministrative Agent shall have received a Borrowing Request as required by\nSection 2.03 (or a Borrowing Request shall have been deemed given in\naccordance with the last paragraph of Section 2.03).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(l)           The\nconditions in Section 7.2(a) of the Captive Merger Agreement (but only with\nrespect to representations and warranties that are material to the interests of\nthe Lenders<font style=\"DISPLAY: inline; FONT-FAMILY: Times New Roman\">)\n</font>shall be satisfied, and the representations and warranties set forth in\nSections 3.01(b) and (d), 3.02(a), 3.02(b)(i)(C), 3.02(b)(ii), 3.03, 3.10, 3.11\nand 3.24 shall be true and correct.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"><font style=\"DISPLAY: inline; FONT-FAMILY: Times New Roman\">(m)</font>           Since\nDecember 31, 2006, there not having occurred any events, changes or developments\nwhich, individually or in the aggregate, have had or would reasonably be\nexpected to have a Material Adverse Effect (as defined in the Captive Merger\nAgreement).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(n)           The\nAdministrative Agent shall have received copies of pay-off letters in connection\nwith the Captive Credit Agreement, the Captive Second Lien Credit Agreement and\nthe Captive Note, in form and substance reasonably satisfactory to the\nAdministrative Agent.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(o)           The\nLenders shall have received all documentation and other information that has\nbeen (i) requested in writing not less than 10 business days prior to the\nClosing Date and (ii) required by regulatory authorities under applicable “know\nyour customer” and anti-money laundering rules and regulations, including the\nUnited States PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October\n26, 2001)) (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Patriot\nAct</font>”).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">For\npurposes of determining compliance with the conditions specified in this Article\nIV, each Lender shall be deemed to have consented to, approved or accepted or to\nbe satisfied with each document or other matter required thereunder to be\nconsented to or approved by or acceptable or satisfactory to the Lenders unless\nan officer of the Administrative Agent responsible for the transactions\ncontemplated by the Loan Documents shall have received notice from such Lender\nprior to the Closing Date specifying its objection thereto and such Lender shall\nnot have made available to the Administrative Agent such Lender’s ratable\nportion of the initial Borrowing.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: normal; FONT-FAMILY: times new roman\">ARTICLE\nV</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: times new roman\">Affirmative\nCovenants</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Subject\nto Section 9.21, the Borrower covenants and agrees with each Lender that so long\nas this Agreement shall remain in effect (other than in respect of contingent\nindemnification obligations for which no claim has been made) and until the\nCommitments have been terminated and the Obligations (including principal of and\ninterest on each Loan, all Fees and all other expenses or amounts payable under\nany Loan Document) shall have been paid in full, unless the Required Lenders\nshall otherwise consent in writing, the Borrower will, and will cause each of\nthe Material Subsidiaries to:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-70-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n5.01.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Existence; Businesses and\nProperties</font></font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           Do\nor cause to be done all things necessary to preserve, renew and keep in full\nforce and effect its legal existence, except, in the case of a Subsidiary of the\nBorrower, where the failure to do so would not reasonably be expected to have a\nMaterial Adverse Effect, and except as otherwise expressly permitted under\nSection 6.05, and except for the liquidation or dissolution of Subsidiaries if\nthe assets of such Subsidiaries to the extent they exceed estimated liabilities\nare acquired by the Borrower or a Wholly Owned Subsidiary of the Borrower in\nsuch liquidation or dissolution; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that\nSubsidiary Loan Parties may not be liquidated into Subsidiaries that are not\nLoan Parties and Domestic Subsidiaries may not be liquidated into Foreign\nSubsidiaries.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           Except\nwhere the failure to do so would not reasonably be expected to have a Material\nAdverse Effect, do or cause to be done all things necessary to (i) lawfully\nobtain, preserve, renew, extend and keep in full force and effect the permits,\nfranchises, authorizations, patents, trademarks, service marks, trade names,\ncopyrights, licenses and rights with respect thereto necessary to the normal\nconduct of its business and (ii) at all times maintain and preserve all property\nnecessary to the normal conduct of its business and keep such property in good\nrepair, working order and condition and from time to time make, or cause to be\nmade, all needful and proper repairs, renewals, additions, improvements and\nreplacements thereto necessary in order that the business carried on in\nconnection therewith, if any, may be properly conducted at all times (in each\ncase except as expressly permitted by this Agreement).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n5.02.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Insurance</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           Maintain,\nwith financially sound and reputable insurance companies, insurance in such\namounts and against such risks as are customarily maintained by similarly\nsituated companies engaged in the same or similar businesses operating in the\nsame or similar locations and cause the Administrative Agent to be listed as a\nco-loss payee on property and casualty policies and as an additional insured on\nliability policies.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           With\nrespect to any Mortgaged Properties, if at any time the area in which the\nPremises (as defined in the Mortgages) are located is designated a “flood hazard\narea” in any Flood Insurance Rate Map published by the Federal Emergency\nManagement Agency (or any successor agency), obtain flood insurance in such\nreasonable total amount as the Administrative Agent may from time to time\nreasonably require, and otherwise comply with the National Flood Insurance\nProgram as set forth in the Flood Disaster Protection Act of 1973, as it may be\namended from time to time.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           In\nconnection with the covenants set forth in this Section 5.02, it is understood\nand agreed that:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-71-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)           none\nof the Administrative Agent, the Lenders, and their respective agents or\nemployees shall be liable for any loss or damage insured by the insurance\npolicies required to be maintained under this Section 5.02, it being understood\nthat (A) the Loan Parties shall look solely to their insurance companies or any\nother parties other than the aforesaid parties for the recovery of such loss or\ndamage and (B) such insurance companies shall have no rights of subrogation\nagainst the Administrative Agent, the Lenders, or their agents or\nemployees.  If, however, the insurance policies, as a matter of the\ninternal policy of such insurer, do not provide waiver of subrogation rights\nagainst such parties, as required above, then the Borrower, on behalf of itself\nand behalf of each of its subsidiaries, hereby agrees, to the extent permitted\nby law, to waive, and further agrees to cause each of their Subsidiaries to\nwaive, its right of recovery, if any, against the Administrative Agent, the\nLenders, and their agents and employees; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  the\ndesignation of any form, type or amount of insurance coverage by the\nAdministrative Agent under this Section 5.02 shall in no event be deemed a\nrepresentation, warranty or advice by the Administrative Agent or the Lenders\nthat such insurance is adequate for the purposes of the business of the Borrower\nand the Subsidiaries or the protection of their properties.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n5.03.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Taxes</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Pay\nand discharge promptly when due all material Taxes, imposed upon it or upon its\nincome or profits or in respect of its property, before the same shall become\ndelinquent or in default, as well as all lawful claims which, if unpaid, might\ngive rise to a Lien upon such properties or any part thereof; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that such\npayment and discharge shall not be required with respect to any such Tax or\nclaim so long as the validity or amount thereof shall be contested in good faith\nby appropriate proceedings, and the Borrower or the affected Subsidiary, as\napplicable, shall have set aside on its books reserves in accordance with GAAP\nwith respect thereto.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n5.04.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Financial Statements,\nReports, etc</font>.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">  Furnish\nto the Administrative Agent (which will promptly furnish such information to the\nLenders):</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           within\n90 days (or, if applicable, such shorter period as the SEC shall specify for the\nfiling of annual reports on Form 10-K) after the end of each fiscal year, a\nconsolidated balance sheet and related statements of operations, cash flows and\nowners’ equity showing the financial position of the Borrower and its\nSubsidiaries as of the close of such fiscal year and the consolidated results of\nits operations during such year and, beginning with the financials delivered\npursuant to this clause (a) in respect of the 2008 fiscal year, setting forth in\ncomparative form the corresponding figures for the prior fiscal year, which\nconsolidated balance sheet and related statements of operations, cash flows and\nowners’ equity shall be audited by independent public accountants of recognized\nnational standing and accompanied by an opinion of such accountants (which\nopinion shall not be qualified as to scope of audit or as to the status of the\nBorrower or any Material Subsidiary as a going concern) to the effect that such\nconsolidated financial statements fairly present, in all material respects, the\nfinancial position and results of operations of the Borrower and its\nSubsidiaries on a consolidated basis in accordance with GAAP (it being\nunderstood that the delivery by the Borrower of annual reports on Form 10-K of\nthe Borrower and its consolidated Subsidiaries shall satisfy the requirements of\nthis Section 5.04(a) to the extent such annual reports include the information\nspecified herein);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           within\n45 days (or, if applicable, such shorter period as the SEC shall specify for the\nfiling of quarterly reports on Form 10-Q) after the end of each of the first\nthree fiscal quarters of each fiscal year beginning with the fiscal quarter\nending December 31, 2007, for each of the first three fiscal quarters of each\nfiscal year, (i) a consolidated balance sheet and related statements of\noperations and cash flows showing the financial position of the Borrower and its\nSubsidiaries as of the close of such fiscal quarter and the consolidated results\nof its operations during</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"> </div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-72-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">such\nfiscal quarter and the then-elapsed portion of the fiscal year and setting forth\nin comparative form the corresponding figures for the corresponding periods of\nthe prior fiscal year, and (ii) management’s discussion and analysis of\nsignificant operational and financial developments during such quarterly period,\nall of which shall be in reasonable detail and which consolidated balance sheet\nand related statements of operations and cash flows shall be certified by a\nFinancial Officer of the Borrower on behalf of the Borrower as fairly\npresenting, in all material respects, the financial position and results of\noperations of the Borrower and its Subsidiaries on a consolidated basis in\naccordance with GAAP (subject to normal year-end audit adjustments and the\nabsence of footnotes) (it being understood that the delivery by the Borrower of\nquarterly reports on Form 10-Q of the Borrower and its consolidated Subsidiaries\nshall satisfy the requirements of this Section 5.04(b) to the extent such\nquarterly reports include the information specified herein);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           (x)\nconcurrently with any delivery of financial statements under paragraphs (a) or\n(b) above, a certificate of a Financial Officer of the Borrower (i) certifying\nthat no Event of Default or Default has occurred or, if such an Event of Default\nor Default has occurred, specifying the nature and extent thereof and any\ncorrective action taken or proposed to be taken with respect thereto, (ii)\nsetting forth the calculation and uses of the Cumulative Credit for the fiscal\nperiod then ended if the Borrower shall have used the Cumulative Credit for any\npurpose during such fiscal period, (iii) certifying a list of names of all\nImmaterial Subsidiaries for the following fiscal quarter, that each Subsidiary\nset forth on such list individually qualifies as an Immaterial Subsidiary and\nthat all such Subsidiaries in the aggregate (together with all Unrestricted\nSubsidiaries) do not exceed the limitation set forth in clause (b) of the\ndefinition of the term Immaterial Subsidiary, and (iv) certifying a list of\nnames of all Unrestricted Subsidiaries, that each Subsidiary set forth on such\nlist individually qualifies as an Unrestricted Subsidiary, and (y) concurrently\nwith any delivery of financial statements under paragraph (a) above, if the\naccounting firm is not restricted from providing such a certificate by its\npolicies of its national office, a certificate of the accounting firm opining on\nor certifying such statements stating whether they obtained knowledge during the\ncourse of their examination of such statements of any Default or Event of\nDefault (which certificate may be limited to accounting matters and disclaim\nresponsibility for legal interpretations);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           promptly\nafter the same become publicly available, copies of all periodic and other\npublicly available reports, proxy statements and, to the extent requested by the\nAdministrative Agent, other materials filed by the Borrower or any of the\nSubsidiaries with the SEC, or after an initial public offering, distributed to\nits stockholders generally, as applicable; provided, however, that such reports,\nproxy statements, filings and other materials required to be delivered pursuant\nto this clause (d) shall be deemed delivered for purposes of this Agreement when\nposted to the website of the Borrower;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           within\n90 days after the beginning of each fiscal year, a reasonably detailed\nconsolidated quarterly budget for such fiscal year (including a projected\nconsolidated balance sheet of the Borrower and its Subsidiaries as of the end of\nthe following fiscal year, and the related consolidated statements of projected\ncash flow and projected income), including a description of underlying\nassumptions with respect thereto (collectively, the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Budget</font>”), which\nBudget shall in each case be accompanied by the statement of a Financial Officer\nof the Borrower to the effect that the Budget is based on assumptions believed\nby such Financial Officer to be reasonable as of the date of delivery\nthereof;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(f)           upon\nthe reasonable request of the Administrative Agent, an updated Perfection\nCertificate (or, to the extent such request relates to specified information\ncontained in the Perfe</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"> </div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-73-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">tion\nCertificate, such information) reflecting all changes since the date of the\ninformation most recently received pursuant to this paragraph (f) or\nSection 5.10(g);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(g)           promptly,\nfrom time to time, such other information regarding the operations, business\naffairs and financial condition of the Borrower or any of the Subsidiaries, or\ncompliance with the terms of any Loan Document, or such consolidating financial\nstatements as in each case the Administrative Agent may reasonably request (for\nitself or on behalf of any Lender);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(h)           in\nthe event that (i) in respect of the Second Priority Notes or the Senior\nSubordinated Notes, and any Refinancing Indebtedness with respect thereto, the\nrules and regulations of the SEC permit the Borrower, Holdings or any Parent\nEntity to report at Holdings’ or such Parent Entity’s level on a consolidated\nbasis and (ii) Holdings or such Parent Entity, as the case may be, is not\nengaged in any business or activity, and does not own any assets or have other\nliabilities, other than those incidental to its ownership directly or indirectly\nof the capital stock of the Borrower and the incurrence of Indebtedness for\nborrowed money (and, without limitation on the foregoing, does not have any\nsubsidiaries other than the Borrower and the Borrower’s Subsidiaries and any\ndirect or indirect parent companies of the Borrower that are not engaged in any\nother business or activity and do not hold any other assets or have any\nliabilities except as indicated above) such consolidated reporting at Holdings\nor such Parent Entity’s level in a manner consistent with that described in\nparagraphs (a) and (b) of this Section 5.04 for the Borrower will satisfy the\nrequirements of such paragraphs;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)           promptly\nupon request by the Administrative Agent, copies of: (i) each Schedule B\n(Actuarial Information) to the most recent annual report (Form 5500 Series)\nfiled with the Internal Revenue Service with respect to a Plan; (ii) the most\nrecent actuarial valuation report for any Plan; (iii) all notices received from\na Multiemployer Plan sponsor, a plan administrator or any governmental agency,\nor provided to any Multiemployer Plan by the Borrower, a Subsidiary or any ERISA\nAffiliate, concerning an ERISA Event; and (iv) such other documents or\ngovernmental reports or filings relating to any Plan or Multiemployer Plan as\nthe Administrative Agent shall reasonably request; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(j)           promptly\nupon Borrower or Subsidiaries becoming aware of any fact or condition which\nwould reasonably be expected to result in an ERISA Event, Borrower shall deliver\nto Administrative Agent a summary of such facts and circumstances and any action\nit or Subsidiaries intend to take regarding such facts or\nconditions.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n5.05.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Litigation and Other\nNotices</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Furnish\nto the Administrative Agent (which will promptly thereafter furnish to the\nLenders) written notice of the following promptly after any Responsible Officer\nof the Borrower obtains actual knowledge thereof:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           any\nEvent of Default or Default, specifying the nature and extent thereof and the\ncorrective action (if any) proposed to be taken with respect\nthereto;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           the\nfiling or commencement of, or any written threat or notice of intention of any\nPerson to file or commence, any action, suit or proceeding, whether at law or in\nequity or by or before any Governmental Authority or in arbitration, against the\nBorrower or any of the Subsidiaries as to which an adverse determination is\nreasonably probable and which, if adversely determined, would reasonably be\nexpected to have a Material Adverse Effect;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><br> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           any\nother development specific to the Borrower or any of the Subsidiaries that is\nnot a matter of general public knowledge and that has had, or would reasonably\nbe expected to have, a Material Adverse Effect; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           the\ndevelopment of any ERISA Event that, together with all other ERISA Events that\nhave developed or occurred, would reasonably be expected to have a Material\nAdverse Effect.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n5.06.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Compliance with\nLaws</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">  Comply\nwith all laws, rules, regulations and orders of any Governmental Authority\napplicable to it or its property, except where the failure to do so,\nindividually or in the aggregate, would not reasonably be expected to result in\na Material Adverse Effect; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, that this\nSection 5.06 shall not apply to Environmental Laws, which are the subject of\nSection 5.09, or to laws related to Taxes, which are the subject of Section\n5.03.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-74-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n5.07.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Maintaining Records; Access\nto Properties and Inspections</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Maintain\nall financial records in accordance with GAAP and permit any Persons designated\nby the Administrative Agent or, upon the occurrence and during the continuance\nof an Event of Default, any Lender to visit and inspect the financial records\nand the properties of the Borrower or any of the Subsidiaries at reasonable\ntimes, upon reasonable prior notice to the Borrower, and as often as reasonably\nrequested and to make extracts from and copies of such financial records, and\npermit any Persons designated by the Administrative Agent or, upon the\noccurrence and during the continuance of an Event of Default, any Lender upon\nreasonable prior notice to the Borrower to discuss the affairs, finances and\ncondition of the Borrower or any of the Subsidiaries with the officers thereof\nand independent accountants therefor (subject to reasonable requirements of\nconfidentiality, including requirements imposed by law or by\ncontract).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n5.08.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Use of\nProceeds</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Use\nthe proceeds of the Bridge Loans to finance the Captive Acquisition and the\nother Transactions and for general corporate purposes.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n5.09.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Compliance with\nEnvironmental Laws</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Comply,\nand make reasonable efforts to cause all lessees and other Persons occupying its\nproperties to comply, with all Environmental Laws applicable to its operations\nand properties; and obtain and renew all material authorizations and permits\nrequired pursuant to Environmental Law for its operations and properties, in\neach case in accordance with Environmental Laws, except, in each case with\nrespect to this Section 5.09, to the extent the failure to do so would not\nreasonably be expected to have, individually or in the aggregate, a Material\nAdverse Effect.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n5.10.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Further Assurances;\nAdditional Security</font></font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           Execute\nany and all further documents, financing statements, agreements and instruments,\nand take all such further actions (including the filing and recording of\nfinancing statements, fixture filings, Mortgages and other documents and\nrecordings of Liens in stock registries), that may be required under any\napplicable law, or that the Collateral Agent may reasonably request, to satisfy\nthe Collateral and Guarantee Requirement and to cause the Collateral and\nGuarantee Requirement to be and remain satisfied, all at the expense of the Loan\nParties and provide to the Collateral Agent, from time to time upon reasonable\nrequest, evidence reasonably satisfactory to the Collateral Agent as to the\nperfection and priority of the Liens created or intended to be created by the\nSecurity Documents.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           If\nany asset (other than Real Property covered by paragraph (c) below or\nimprovements thereto or any interest therein) that has an individual fair market\nvalue in an amount greater than $5.0 million is acquired by the Borrower or any\nother Loan Party after the Closing Date or owned by an entity at the time it\nbecomes a Subsidiary Loan Party (in each case other than (x) assets\nconstituting</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-75-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Collateral\nunder a Security Document that become subject to the Lien of such Security\nDocument upon acquisition thereof and (y) assets that are not required to become\nsubject to Liens in favor of the Collateral Agent pursuant to Section 5.10(g) or\nthe Security Documents) (i) notify the Collateral Agent thereof and (ii) cause\nsuch asset to be subjected to a Lien securing the Obligations and take, and\ncause the Subsidiary Loan Parties to take, such actions as shall be necessary or\nreasonably requested by the Collateral Agent to grant and perfect such Liens,\nincluding actions described in paragraph (a) of this Section, all at the\nexpense of the Loan Parties, subject to paragraph (g) below.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           Promptly\nnotify the Collateral Agent of the acquisition of and grant and cause each of\nthe Subsidiary Loan Parties to grant to the Collateral Agent security interests\nand mortgages in such Real Property of the Borrower or any such Subsidiary Loan\nParties as are not covered by the original Mortgages, to the extent acquired\nafter the Closing Date and having an individual fair market value at the time of\nacquisition in excess of $5.0 million pursuant to documentation substantially in\nthe form of the Mortgages delivered to the Collateral Agent pursuant to Section\n4.02(d) or in such other form as is reasonably satisfactory to the Collateral\nAgent (each, an “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Additional Mortgage</font>”)\nand constituting valid and enforceable Liens subject to no other Liens except\nPermitted Liens, at the time of perfection thereof, record or file, and cause\neach such Subsidiary to record or file, the Additional Mortgage or instruments\nrelated thereto in such manner and in such places as is required by law to\nestablish, perfect, preserve and protect the Liens in favor of the Collateral\nAgent required to be granted pursuant to the Additional Mortgages and pay, and\ncause each such Subsidiary to pay, in full, all Taxes, fees and other charges\npayable in connection therewith, in each case subject to paragraph (g)\nbelow.  Unless otherwise waived by the Collateral Agent, with respect\nto each such Additional Mortgage, the Borrower delivers to the Term Loan\nFacility Administrative Agent a title insurance policy, a survey, or other\ndocuments in connection with a mortgage on the applicable property, then it\nshall deliver to the Collateral Agent contemporaneously with such Additional\nMortgage a title insurance policy, a survey and such additional\ndocuments.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           If\nany additional direct or indirect Subsidiary of the Borrower is formed or\nacquired after the Closing Date (with any Subsidiary Redesignation resulting in\nan Unrestricted Subsidiary becoming a Subsidiary being deemed to constitute the\nacquisition of a Subsidiary) and if such Subsidiary is a Subsidiary Loan Party,\nwithin five Business Days after the date such Subsidiary is formed or acquired,\nnotify the Collateral Agent and the Lenders thereof and, within 20 Business Days\nafter the date such Subsidiary is formed or acquired or such longer period as\nthe Collateral Agent shall agree, cause the Collateral and Guarantee Requirement\nto be satisfied with respect to such Subsidiary and with respect to any Equity\nInterest in or Indebtedness of such Subsidiary owned by or on behalf of any Loan\nParty, subject to paragraph (g) below. Notwithstanding the foregoing, to the\nextent any Term Loan Obligations have the benefit of a guarantee from any such\nSubsidiary of the Borrower, the Borrower shall cause such Subsidiary to\nguarantee the Obligations.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           If\nany additional Foreign Subsidiary of the Borrower is formed or acquired after\nthe Closing Date (with any Subsidiary Redesignation resulting in an Unrestricted\nSubsidiary becoming a Subsidiary being deemed to constitute the acquisition of a\nSubsidiary) and if such Subsidiary is a “first tier” Foreign Subsidiary, within\nfive Business Days after the date such Foreign Subsidiary is formed or acquired,\nnotify the Collateral Agent and the Lenders thereof and, within 20 Business Days\nafter the date such Foreign Subsidiary is formed or acquired or such longer\nperiod as the Collateral Agent shall agree, cause the Collateral and Guarantee\nRequirement to be satisfied with respect to any Equity Interest in such Foreign\nSubsidiary owned by or on behalf of any Loan Party, subject to paragraph (g)\nbelow.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(f)           (i)\nFurnish to the Collateral Agent prompt written notice of any change (A) in any\nLoan Party’s corporate or organization name, (B) in any Loan Party’s identity or\norganizational structure or (C) in any Loan Party’s jurisdiction of organization\nor organizational identification number; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that the\nBorrower shall not effect or permit any such change unless all filings have been\nmade, or</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-76-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">will have\nbeen made within any statutory period, under the Uniform Commercial Code or\notherwise that are required in order for the Collateral Agent to continue at all\ntimes following such change to have a valid, legal and perfected security\ninterest in all the Collateral for the benefit of the Secured Parties and (ii)\npromptly notify the Collateral Agent if any material portion of the Collateral\nis damaged or destroyed.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(g)           The\nCollateral and Guarantee Requirement and the other provisions of this\nSection 5.10 need not be satisfied with respect to (i) any Real Property\nheld by the Borrower or any of its Subsidiaries as a lessee under a lease, (ii)\nany vehicle, (iii) cash, deposit accounts and securities accounts, (iv) any\nEquity Interests acquired after the Closing Date (other than Equity Interests in\nthe Borrower or, in the case of any Person which is a Subsidiary, Equity\nInterests in such Person issued or acquired after such Person became a\nSubsidiary) in accordance with this Agreement if, and to the extent that, and\nfor so long as (A) such Equity Interests constitute less than 100% of all\napplicable Equity Interests of such Person and the Person holding the remainder\nof such Equity Interests are not Affiliates, (B) doing so would violate\napplicable law or a contractual obligation binding on such Equity Interests and\n(C) with respect to such contractual obligations, such obligation existed at the\ntime of the acquisition thereof and was not created or made binding on such\nEquity Interests in contemplation of or in connection with the acquisition of\nsuch Subsidiary, (v) any assets acquired after the Closing Date, to the extent\nthat, and for so long as, taking such actions would violate an enforceable\ncontractual obligation binding on such assets that existed at the time of the\nacquisition thereof and was not created or made binding on such assets in\ncontemplation or in connection with the acquisition of such assets (except in\nthe case of assets acquired with Indebtedness permitted pursuant to\nSection 6.01(b)(i) that is secured by a Permitted Lien) or (vi) those\nassets as to which the Collateral Agent shall reasonably determine that the\ncosts of obtaining or perfecting such a security interest are excessive in\nrelation to the value of the security to be afforded thereby; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that, upon\nthe reasonable request of the Collateral Agent, the Borrower shall, and shall\ncause any applicable Subsidiary to, use commercially reasonable efforts to have\nwaived or eliminated any contractual obligation of the types described in\nclauses (iv) and (v) above. Notwithstanding the foregoing, to the extent\nany Term Loan Obligations are secured by any assets of any Loan Party or the\nBorrower, the Borrower shall cause such asset to be subject to the Lien securing\nthe Loans.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(h)           Notwithstanding\nanything to the contrary provided in any other Loan Document, with respect to\nany Mortgaged Properties or properties required to be subject to a Mortgage\npursuant to the Loan Documents (taken together, the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Subject Properties</font>”),\nthe Borrower shall promptly, but in any event prior to the relevant deadline in\nthe Loan Documents to subject such property to such Mortgage, advise the\nAdministrative Agent if any Subject Property is located in an area that has been\nidentified by the Secretary of Housing and Urban Development as an area having\nspecial flood hazards within the meaning of the National Flood Insurance Act of\n1968, and if the applicable Loan Party is unable to obtain flood insurance in\naccordance with Section 5.02, the Collateral Agent in its sole discretion, shall\nhave the right to waive the requirement that the applicable Loan Party subject\nsuch Subject Property to a Mortgage and the deliver related documentation to the\nCollateral Agent.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n5.11.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">[Reserved]</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n5.12.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Securities\nDemand</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           At\nany time and from time to time (but on not more than two occasions) during the\nperiod (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Securities Demand\nPeriod</font>”) ending on the Bridge Loan Maturity Date, upon notice (a “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Demand Notice</font>”) by\nthe Investment Banks to the Borrower stating that, in their opinion, market\nconditions are such that the conditions specified in paragraph (b) below can be\nsatisfied, the Borrower shall execute an offering of Permanent Financing (a\n“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Permanent Financing\nOffering</font>”) upon such terms and conditions as may be specified in the\nDemand Notice (provided that the Borrower  shall have\nparticipated</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-77-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">in or\nbeen afforded an opportunity to participate in a customary “road show” for each\nPermanent Financing Offering):</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           The\nPermanent Financing will have ranking and guarantees identical to the Loans and\nwill have interest rate, security and yields that are no less favorable to the\nBorrower than those generally available in the first lien secured debt capital\nmarkets to issuers of comparable debt securities or loans, as applicable, having\na creditworthiness comparable to the Borrower; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that (i) the\nmaturity date of any Permanent Financing shall not be earlier than the Rollover\nLoan Maturity Date, (ii) the optional redemption terms for such Permanent\nFinancing shall be no less favorable to the issuer than such terms for the\nExchange Notes (except that any applicable non-call periods and call premiums\nwould be measured from the date of issuance of such Permanent Financing rather\nthan the Closing Date), (iii) (x) the negative covenants applicable to the\nPermanent Financing shall be the same as the covenants applicable to the Second\nPriority Notes and (y) the affirmative covenants and events of default shall, in\nthe case of the debt securities, be the same as those in the Second Priority\nNotes (with such non-substantive changes as are necessary to reflect the\nfirst-lien status of the collateral) and, in the case of loans, be the same as\nthose in the Term Loan Credit Agreement (it being understood that, in each case,\nthe amount of the Cumulative Credit at the closing date of the Permanent\nFinancing is to be agreed but shall, in no event, be less than the amount of the\nCumulative Credit on such date pursuant to this Agreement); (iv) in the case of\ndebt securities, the pledges of equity interests, securities and intercompany\nindebtedness of the Borrower’s Subsidiaries (but not on the guarantees or\npledges of other assets of such subsidiaries) shall be limited to the extent\nrequired to avoid the need to file separate financial statements of such\nsubsidiaries under applicable rules of the SEC; (v) the  interest rate\non the applicable Permanent Financing shall not exceed the Rate Cap (exclusive\nof default interest, tax gross ups and amounts owing under any registration\nrights agreement); (vi) if the Investment Banks so determine, the <font style=\"DISPLAY: inline; FONT-SIZE: 10pt\">Permanent Financing </font>will be\nissued with original issue discount or closing fees (“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">OID</font>”) of up to 3% of\nthe face amount thereof, so long as the total yield of the Permanent Financing\nafter giving effect thereto does not exceed the Rate Cap (and with OID being\nequated to interest such that the Rate Cap is reduced by 0.25% per annum for\nevery 1% of OID); and (vii) the aggregate amount of proceeds of <font style=\"DISPLAY: inline; FONT-SIZE: 10pt\">Permanent Financing </font>will not\nexceed an amount sufficient to repay all the then outstanding principal and\nother amounts under the Bridge Loans.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           The\nBorrower agrees to use commercially reasonable efforts, in connection with the\nsale of such Permanent Financing to, (x) with respect to Permanent Financing\nissued as debt securities, prepare, as soon as practicable upon receipt of a\nDemand Notice, (a) an offering circular, prospectus or private placement\nmemorandum with respect to the Permanent Financing or (b) a registration\nstatement under the Securities Act, with respect to the Permanent Financing,\nincluding any registration statement covering market-making activities of the\nInvestment Banks and any exchange offer or shelf registration following a\nprivate placement of the Permanent Financing (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Registration\nStatement</font>”), and if such Registration Statement is filed, the Borrower\nagrees to use commercially reasonable efforts to cause such Registration\nStatement to become effective as soon as practicable thereafter, which, in the\ncase of any Registration Statement, will comply as to form with the rules and\nregulations under the Securities Act and contain such disclosure as may be\nrequired by law and/or (y) with respect to any Permanent Financing placed as\nloan financing, prepare an information package as soon as practicable upon\nrequest by the Investment Banks regarding the business, operations, financial\nprojections and prospects of the Borrower and its subsidiaries including,\nwithout limitation, the delivery of all information relating to the transactions\ncontemplated hereunder prepared by or on behalf of the Borrower deemed\nreasonably necessary by the Investment Banks or their designated affiliate to\ncomplete the syndication of the Permanent Financing issued in the form of loans\n(including all information contemplated in the Commitment Letter to be delivered\nin connection with the Bridge Facility).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           The\nBorrower agrees that if, prior to the Bridge Loan Maturity Date, any event or\nany other change known to the Borrower results in any offering document or\ninformation package de</font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">scribed\nin the paragraph immediately above (an “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Offering Document</font>”)\nrelating to the Permanent Financing containing an untrue statement of a material\nfact or omitting to state any material fact required to be stated therein or\nnecessary to make the statements contained therein, taken as a whole, not\nmaterially misleading in light of the circumstances under which they were made,\nthe Borrower shall use commercially reasonable efforts to promptly supplement\nany such Offering Document such that all such information contained therein\nshall remain true and correct in all material respects.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           Notwithstanding\nanything to the contrary herein or in any Loan Document, the provisions of this\nSection 5.12 shall supersede the provisions of the Fee Letter relating to the\nsubject matter described in this Section 5.12,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n5.13.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exchange Note</font><font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">s</font></font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           The\nBorrower shall, as promptly as reasonably practicable after the first Exchange\nTrigger Event but in any event prior to or on the first Exchange Date, enter\ninto the Exchange Notes Indenture with an indenture trustee (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Trustee</font>”) being (a)\nWells Fargo Bank, National Association or (b) such other bank or trust company\nacting as indenture trustee thereunder, which shall be a corporation organized\nand doing business under the laws of the United States of America or any state\nthereof, in good standing, which is authorized under such laws to exercise\ncorporate trust powers and is subject to supervision or examination by U.S.\nFederal or state authority and which has a combined capital and surplus of not\nless than $50.0 million.  </font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-78-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           [Reserved].  </font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           On\nor prior to the first Exchange Date, the Borrower shall execute and deliver, and\ncause each Subsidiary Loan Party to execute and deliver, to the Joint Lead\nArrangers the Registration Rights Agreement.  The Borrower will, at\nits own  expense, take all commercially reasonable actions (including\nobtaining CUSIP numbers in respect thereof)  reasonably necessary to\ncause the Exchange Notes to be eligible to clear and settle through The\nDepository Trust Company.  </font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           [Reserved].</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           On\nthe first Exchange Date, the Borrower shall be deemed to have made the\nrepresentations and warranties specified in Section 3.02, Section 3.03 and\nSection 3.04 hereof, as of such date, and as if such representations and\nwarranties related only to the Exchange Notes Indenture, the Exchange Notes (and\nthe related guarantees) and the Registration Rights Agreement rather than any\nLoan Documents.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(f)           On\nor prior to the first Exchange Date, the Borrower shall have received an Opinion\nof Counsel relating to due authorization, execution, delivery and enforceability\nof the Exchange Notes, Exchange Notes Indenture and Registration Rights\nAgreement, in form and substance substantially similar to such opinions\ndelivered on the Closing Date under Section 4.01(e) hereof, which opinions shall\nalso provide for customary “reliance language” in favor of the Trustee and any\nLender exchanging Loans for Exchange Notes.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: normal; FONT-FAMILY: times new roman\">ARTICLE\nVI</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: times new roman\">Negative\nCovenants</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n6.01.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Limitation on Incurrence of\nIndebtedness and Issuance of Disqualified Stock and Preferred\nStock</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           The\nBorrower shall not, and shall not permit any of its Restricted Subsidiaries to,\ndirectly or indirectly, Incur any Indebtedness (including Acquired Indebtedness)\nor issue any shares of Disqualified Stock; and (ii) the Borrower shall not\npermit any of its Restricted Subsidiaries (other than a Subsidiary Loan Party)\nto issue any shares of Preferred Stock; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that the\nBorrower and any Restricted Subsidiary that is a Subsidiary Loan Party or a\nForeign Subsidiary may Incur Indebtedness (including Acquired Indebtedness) or\nissue shares of Disqualified Stock and any Restricted Subsidiary may issue\nshares of Preferred Stock, in each case if the Fixed Charge Coverage Ratio of\nthe Borrower for the most recently ended four full fiscal quarters for which\ninternal financial statements are available immediately preceding the date on\nwhich such additional Indebtedness is Incurred or such Disqualified Stock or\nPreferred Stock is issued would have been at least 2.00 to 1.00 determined on a\npro forma basis (including a pro forma application of the net proceeds\ntherefrom), as if the additional Indebtedness had been Incurred, or the\nDisqualified Stock or Preferred Stock had been issued, as the case may be, and\nthe application of proceeds therefrom had occurred at the beginning of such\nfour-quarter period.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-79-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           The\nlimitations set forth in Section 6.01(a) shall not apply to:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)       the\nIncurrence by the Borrower or its Restricted Subsidiaries of Indebtedness under\nthe Credit Agreements and the issuance and creation of letters of credit and\nbankers’ acceptances thereunder (with letters of credit and bankers’ acceptances\nbeing deemed to have a principal amount equal to the face amount thereof) in the\naggregate principal amount of $1,600.0 million plus an aggregate principal\namount outstanding at any one time that does not cause the Secured Indebtedness\nLeverage Ratio of the Borrower to exceed 4.00 to 1.00, determined on a pro forma\nbasis (including a pro forma application of the net proceeds\ntherefrom);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  the\nIncurrence by the Borrower and the Loan Parties of Indebtedness represented by\nthe (A) Loans and the Guarantees, the Exchange Notes and related guarantees to\nbe issued in exchange for the Loans and the Guarantees and the exchange notes\nand related exchange guarantees to be issued in exchange for the Exchange Notes\nand the guarantees thereof pursuant to the Registration Rights Agreement and (B)\nany Permanent Financing (including any guarantee thereof) and any exchange notes\nand related exchange guarantees to be issued in exchange for any Permanent\nFinancing and the guarantees thereof;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iii)                  Indebtedness\nexisting on the Closing Date (other than Indebtedness described in clauses (i)\nand (ii) of this Section 6.01(b));</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iv)                  Indebtedness\n(including Capitalized Lease Obligations) Incurred by the Borrower or any of its\nRestricted Subsidiaries, Disqualified Stock issued by the Borrower or any of its\nRestricted Subsidiaries and Preferred Stock issued by any Restricted\nSubsidiaries of the Borrower to finance (whether prior to or within 270 days\nafter) the purchase, lease, construction or improvement of property (real or\npersonal) or equipment (whether through the direct purchase of assets or the\nCapital Stock of any Person owning such assets (but no other material\nassets));</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(v)                  Indebtedness\nIncurred by the Borrower or any of its Restricted Subsidiaries constituting\nreimbursement obligations with respect to letters of credit and bank guarantees\nissued in </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">the\nordinary course of business, including without limitation letters of credit in\nrespect of workers’ compensation claims, health, disability or other benefits to\nemployees or former employees or their families or property, casualty or\nliability insurance or self-insurance, and letters of credit in connection with\nthe maintenance of, or pursuant to the requirements of, environmental or other\npermits or licenses from governmental authorities, or other Indebtedness with\nrespect to reimbursement type obligations regarding workers’ compensation\nclaims;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(vi)                  Indebtedness\narising from agreements of the Borrower or a Restricted Subsidiary providing for\nindemnification, adjustment of purchase price or similar obligations, in each\ncase, Incurred in connection with the Transactions or any other acquisition or\ndisposition of any business, assets or a Subsidiary of the Borrower in\naccordance with the terms of this Agreement, other than guarantees of\nIndebtedness Incurred by any Person acquiring all or any portion of such\nbusiness, assets or Subsidiary for the purpose of financing such\nacquisition;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(vii)                  Indebtedness\nof the Borrower to a Restricted Subsidiary; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that any\nsuch Indebtedness owed to a Restricted Subsidiary that is not a Subsidiary Loan\nParty is subordinated in right of payment to the obligations of the Borrower\nunder the Loans; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">further</font>, that any\nsubsequent issuance or transfer of any Capital Stock or any other event which\nresults in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary\nor any other subsequent transfer of any such Indebtedness (except to the\nBorrower or another Restricted Subsidiary) shall be deemed, in each case, to be\nan Incurrence of such Indebtedness;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-80-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(viii)                  shares\nof Preferred Stock of a Restricted Subsidiary issued to the Borrower or another\nRestricted Subsidiary; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that any\nsubsequent issuance or transfer of any Capital Stock or any other event which\nresults in any Restricted Subsidiary that holds such shares of Preferred Stock\nof another Restricted Subsidiary ceasing to be a Restricted Subsidiary or any\nother subsequent transfer of any such shares of Preferred Stock (except to the\nBorrower or another Restricted Subsidiary) shall be deemed, in each case, to be\nan issuance of shares of Preferred Stock;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ix)                  Indebtedness\nof a Restricted Subsidiary to the Borrower or another Restricted Subsidiary;\n<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that\nif a Subsidiary Loan Party incurs such Indebtedness to a Restricted Subsidiary\nthat is not a Subsidiary Loan Party, such Indebtedness is subordinated in right\nof payment to the Guarantee of such Subsidiary Loan Party; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">further</font>, that any\nsubsequent issuance or transfer of any Capital Stock or any other event which\nresults in any Restricted Subsidiary holding such Indebtedness ceasing to be a\nRestricted Subsidiary or any other subsequent transfer of any such Indebtedness\n(except to the Borrower or another Restricted Subsidiary) shall be deemed, in\neach case, to be an Incurrence of such Indebtedness;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(x)                  Hedging\nObligations that are not incurred for speculative purposes and either:\n(1) for the purpose of fixing or hedging interest rate risk with respect to\nany Indebtedness that is permitted by the terms of this Agreement to be\noutstanding; (2) for the purpose of fixing or hedging currency exchange rate\nrisk with respect to any currency exchanges; or (3) for the purpose of fixing or\nhedging commodity price risk (including resin price risk) with respect to any\ncommodity purchases or sales;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xi)                  obligations\nin respect of performance, bid, appeal and surety bonds and completion\nguarantees provided by the Borrower or any Restricted Subsidiary in the ordinary\ncourse of business;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xii)                  Indebtedness\nor Disqualified Stock of the Borrower or any Restricted Subsidiary of the\nBorrower and Preferred Stock of any Restricted Subsidiary of the Borrower not\notherwise permitted hereunder in an aggregate principal amount which, when\naggregated with the principal amount or liquidation preference of all other\nIndebtedness, Disqualified Stock and Preferred Stock then outstanding and\nIncurred pursuant to this clause (xii), does not exceed the greater of $100.0\nmillion and 4.5% of Total Assets at the time of Incurrence (it being understood\nthat any Indebtedness Incurred under this clause (xii) shall cease to be deemed\nIncurred or outstanding for purposes of this clause (xii) but shall be deemed\nIncurred for purposes of Section 6.01(a) from and after the first date on which\nthe Borrower, or the Restricted Subsidiary, as the case may be, could have\nIncurred such Indebtedness under Section 6.01(a) without reliance upon this\nclause (xii));</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xiii)                  any\nguarantee by the Borrower or a Subsidiary Loan Party of Indebtedness or other\nobligations of the Borrower or any of its Restricted Subsidiaries so long as the\nIncurrence of such Indebtedness Incurred by the Borrower or such Restricted\nSubsidiary is permitted under the terms of this Agreement; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that if such\nIndebtedness is by its express terms subordinated in right of payment to the\nLoans or the Guarantee of such Restricted Subsidiary, as applicable, any such\nguarantee of such Subsidiary Loan Party’s with respect to such Indebtedness\nshall be subordinated in right of payment to such Subsidiary Loan Party’s\nGuarantee with respect to the Loans substantially to the same extent as such\nIndebtedness is subordinated to the Loans or the Guarantee of such Restricted\nSubsidiary, as applicable;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xiv)                  the\nIncurrence by the Borrower or any of its Restricted Subsidiaries of Indebtedness\nor Disqualified Stock or Preferred Stock of a Restricted Subsidiary of the\nBorrower which serves to refund, refinance or defease any Indebtedness Incurred\nor Disqualified Stock or Preferred Stock issued as permitted under Section\n6.01(a) and clauses (ii), (iii), (iv), (xiv), (xv), (xix) and (xx) of this\nSection 6.01(b) or any Indebtedness, Disqualified Stock or Preferred Stock\nIncurred to so refund or refinance such Indebtedness, Disqualified Stock or\nPreferred Stock, including any Indebtedness, Disqualified Stock or Preferred\nStock Incurred to pay premiums and fees in connection therewith (subject to the\nfollowing proviso, “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Refinancing\nIndebtedness</font>”) prior to its respective maturity; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that such\nRefinancing Indebtedness:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-81-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(A)           has\na Weighted Average Life to Maturity at the time such Refinancing Indebtedness is\nIncurred which is not less than the remaining Weighted Average Life to Maturity\nof the Indebtedness, Disqualified Stock or Preferred Stock being refunded or\nrefinanced;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(B)           has\na Stated Maturity which is not earlier than the earlier of (x) the Stated\nMaturity of the Indebtedness being refunded or refinanced or (y) 91 days\nfollowing the Rollover Loan Maturity Date;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(C)           to\nthe extent such Refinancing Indebtedness refinances (a) Indebtedness junior to\nthe Loans or the Guarantee of such Restricted Subsidiary, as applicable, such\nRefinancing Indebtedness is junior to the Loans or the Guarantee of such\nRestricted Subsidiary, as applicable, or (b) Disqualified Stock or Preferred\nStock, such Refinancing Indebtedness is Disqualified Stock or Preferred\nStock;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(D)           is\nIncurred in an aggregate amount (or if issued with original issue discount, an\naggregate issue price) that is equal to or less than the aggregate amount (or if\nissued with original issue discount, the aggregate accreted value) then\noutstanding of the </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Indebtedness\nbeing refinanced plus premium, fees and expenses Incurred in connection with\nsuch refinancing;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(E)           shall\nnot include (x) Indebtedness of a Restricted Subsidiary of the Borrower that is\nnot a Subsidiary Loan Party that refinances Indebtedness of the Borrower or a\nRestricted Subsidiary that is a Subsidiary Loan Party, or (y) Indebtedness of\nthe Borrower or a Restricted Subsidiary that refinances Indebtedness of an\nUnrestricted Subsidiary; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(F)           in\nthe case of any Refinancing Indebtedness Incurred to refinance Indebtedness\noutstanding under clause (iv) or (xx) of this Section 6.01(b), shall be deemed\nto have been Incurred and to be outstanding under such clause (iv) or (xx) of\nthis Section 6.01(b), as applicable, and not this clause (xiv) for purposes of\ndetermining amounts outstanding under such clauses (iv) and (xix) of this\nSection 6.01(b);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"><font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">further</font>, that\nsubclauses (1) and (2) of this clause (xiv) shall not apply to any refunding or\nrefinancing of any Secured Indebtedness constituting First Priority Lien\nObligations;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xv)                  Indebtedness,\nDisqualified Stock or Preferred Stock of (x) the Borrower or any of its\nRestricted Subsidiaries incurred to finance an acquisition or (y) Persons that\nare acquired by the Borrower or any of its Restricted Subsidiaries or merged\nwith or into the Borrower or any of its Restricted Subsidiaries in accordance\nwith the terms of this Agreement; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that after\ngiving effect to such acquisition or merger either:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-82-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(A)           the\nBorrower would be permitted to incur at least $1.00 of additional Indebtedness\npursuant to the Fixed Charge Coverage Ratio test set forth in Section 6.01(a);\nor</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(B)           the\nFixed Charge Coverage Ratio of the Borrower would be greater than immediately\nprior to such acquisition or merger;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xvi)                  Indebtedness\nIncurred by a Receivables Subsidiary in a Qualified Receivables Financing that\nis not recourse to the Borrower or any Restricted Subsidiary other than a\nReceivables Subsidiary (except for Standard Securitization\nUndertakings);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xvii)                  Indebtedness\narising from the honoring by a bank or other financial institution of a check,\ndraft or similar instrument drawn against insufficient funds in the ordinary\ncourse of business; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that such\nIndebtedness is extinguished within five Business Days of its\nIncurrence;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xviii)                  Indebtedness\nof the Borrower or any Restricted Subsidiary supported by a letter of credit or\nbank guarantee issued pursuant to the Credit Agreements, in a principal amount\nnot in excess of the stated amount of such letter of credit;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xix)                  Contribution\nIndebtedness;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xx)                  Indebtedness\nof Foreign Subsidiaries, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that the\naggregate principal amount of Indebtedness Incurred under this clause (xx), when\naggregated with the principal amount of all other Indebtedness then outstanding\nand Incurred pursuant to this clause (xx), does not exceed $25.0 million at any\none time outstanding;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xxi)                  Indebtedness\nof the Borrower or any Restricted Subsidiary consisting of (x) the financing of\ninsurance premiums or (y) take-or-pay obligations contained in supply\narrangements, in each case, in the ordinary course of business; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xxii)                  Indebtedness\nincurred on behalf of, or representing guarantees of Indebtedness of, joint\nventures of the Borrower or any Restricted Subsidiary not in excess, at any one\ntime outstanding, of $7.5 million.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-83-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">For\npurposes of determining compliance with this Section 6.01, in the event that an\nitem of Indebtedness, Disqualified Stock or Preferred Stock meets the criteria\nof more than one of the categories of permitted Indebtedness described in\nclauses (i) through (xxii) above or is entitled to be Incurred pursuant to\nSection 6.01(a), the Borrower shall, in its sole discretion, classify or\nreclassify, or later divide, classify or reclassify, such item of Indebtedness\nin any manner that complies with this Section 6.01.  Accrual of\ninterest, the accretion of accreted value, the payment of interest in the form\nof additional Indebtedness with the same terms, the payment of dividends on\nPreferred Stock in the form of additional shares of Preferred Stock of the same\nclass, accretion of original issue discount or liquidation preference and\nincreases in the amount of Indebtedness outstanding solely as a result of\nfluctuations in the exchange rate of currencies shall not be deemed to be an\nIncurrence of Indebtedness for purposes of this Section\n6.01.  Guarantees of, or obligations in respect of letters of credit\nrelating to, Indebtedness which is otherwise included in the determination of a\nparticular amount of Indebtedness shall not be included in the determination of\nsuch amount of Indebtedness; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that the\nIncurrence of the Indebtedness represented by such guarantee or letter of\ncredit, as the case may be, was in compliance with this Section\n6.01.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">For\npurposes of determining compliance with any U.S. dollar-denominated restriction\non the Incurrence of Indebtedness, the U.S. dollar-equivalent principal amount\nof Indebtedness denominated in a foreign currency shall be calculated based on\nthe relevant currency exchange rate in effect on the date such Indebtedness was\nIncurred, in the case of term debt, or first committed or first Incurred\n(whichever yields the lower U.S. dollar equivalent), in the case of revolving\ncredit debt; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that if such\nIndebtedness is Incurred to refinance other Indebtedness denominated in a\nforeign currency, and such refinancing would cause the applicable U.S.\ndollar-denominated restriction to be exceeded if calculated at the relevant\ncurrency exchange rate in effect on the date of such refinancing, such U.S.\ndollar-denominated restriction shall be deemed not to have been exceeded so long\nas the principal amount of such refinancing Indebtedness does not exceed the\nprincipal amount of such Indebtedness being refinanced.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n6.02.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Liens</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  The\nBorrower shall not, and shall not permit any of its Restricted Subsidiaries to,\ndirectly or indirectly, create, Incur or suffer to exist any Lien other than\nPermitted Liens on any asset or property of the Borrower or such Restricted\nSubsidiary securing Indebtedness unless such Lien securing such Indebtedness of\nthe Borrower or such Restricted Subsidiary is junior to the Liens securing the\nObligations upon the assets or property constituting the collateral for such\nIndebtedness, on terms no less favorable in any material respect to the Lenders\nthan the terms set forth in the Second Priority Intercreditor\nAgreement.  In the case of any Permitted Lien that secures First\nPriority Lien Obligations, the Notes shall be equally and ratably secured with\n(or on a senior basis to, in the case of obligations subordinated in right of\npayment to the Loans) the obligations so secured on terms no less favorable in\nany material respect to the Lenders than the terms set forth in the Senior\nLender Intercreditor Agreement; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that First\nPriority Lien Obligations that are Obligations in respect of a Revolving Credit\nAgreement may be secured on a senior basis with respect to any Revolving\nFacility Senior Collateral to Liens securing the Obligations with respect to\nsuch collateral, on terms no less favorable in any material respect to the\nLenders than the terms set forth in the Senior Lender Intercreditor\nAgreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n6.03.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Asset\nSales</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  The\nBorrower shall not, and shall not permit any of its Restricted Subsidiaries to,\ncause or make an Asset Sale, unless (x) the Borrower or any of its Restricted\n</font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Subsidiaries,\nas the case may be, receives consideration at the time of such Asset Sale at\nleast equal to the Fair Market Value (as determined in good faith by the\nBorrower) of the assets sold or otherwise disposed of, and (y) at least 75% of\nthe consideration therefor received by the Borrower or such Restricted\nSubsidiary, as the case may be, is in the form of Cash Equivalents; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that the\namount of:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)       any\nliabilities (as shown on the Borrower’s or such Restricted Subsidiary’s most\nrecent balance sheet or in the notes thereto) of the Borrower or any Restricted\nSubsidiary of the Borrower (other than liabilities that are by their terms\nsubordinated to the Loans or any Guarantee) that are assumed by the transferee\nof any such assets,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  any\nnotes or other obligations or other securities or assets received by the\nBorrower or such Restricted Subsidiary of the Borrower from such transferee that\nare converted by the Borrower or such Restricted Subsidiary of the Borrower into\ncash within 180 days of the receipt thereof (to the extent of the cash\nreceived), and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iii)                  any\nDesignated Non-cash Consideration received by the Borrower or any of its\nRestricted Subsidiaries in such Asset Sale having an aggregate Fair Market\nValue, taken together with all other Designated Non-cash Consideration received\npursuant to this clause (iii) that is at that time outstanding, not to exceed\nthe greater of 2.0% of Total Assets and $50.0 million at the time of the receipt\nof such Designated Non-cash Consideration (with the Fair Market Value of each\nitem of Designated Non-cash Consideration being measured at the time received\nand without giving effect to subsequent changes in value)</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-84-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">shall be\ndeemed to be Cash Equivalents for the purposes of this Section\n6.03.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n6.04.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Limitation on Restricted\nPayments</font></font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           The\nBorrower shall not, and shall not permit any of its Restricted Subsidiaries to,\ndirectly or indirectly:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)       declare\nor pay any dividend or make any distribution on account of the Borrower’s or any\nof its Restricted Subsidiaries’ Equity Interests, including any payment made in\nconnection with any merger, amalgamation or consolidation involving the Borrower\n(other than (A) dividends or distributions by the Borrower payable solely in\nEquity Interests (other than Disqualified Stock) of the Borrower; or (B)\ndividends or distributions by a Restricted Subsidiary so long as, in the case of\nany dividend or distribution payable on or in respect of any class or series of\nsecurities issued by a Restricted Subsidiary other than a Wholly Owned\nRestricted Subsidiary, the Borrower or a Restricted Subsidiary receives at least\nits pro rata share of such dividend or distribution in accordance with its\nEquity Interests in such class or series of securities);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  purchase\nor otherwise acquire or retire for value any Equity Interests of the Borrower or\nany direct or indirect parent of the Borrower;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iii)                  make\nany principal payment on, or redeem, repurchase, defease or otherwise acquire or\nretire for value, in each case prior to any scheduled repayment or scheduled\nmaturity, any Subordinated Indebtedness of the Borrower or any of its Restricted\nSubsidiaries (other than the payment, redemption, repurchase, defeasance,\nacquisition or retirement of (A) Subordinated Indebtedness in anticipation of\nsatisfying a sinking fund obligation, principal installment or final maturity,\nin each case due within one year of the date of such payment, redemption,\nrepurchase, </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">defeasance,\nacquisition or retirement and (B) Indebtedness permitted under clauses (vii) and\n(ix) of Section 6.01(b)); or</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iv)                  make\nany Restricted Investment</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(all such\npayments and other actions set forth in clauses (i) through (iv) above being\ncollectively referred to as “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Restricted\nPayments</font>”), unless, at the time of such Restricted Payment:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(1)           no\nDefault shall have occurred and be continuing or would occur as a consequence\nthereof;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(2)           immediately\nafter giving effect to such transaction on a pro forma basis, the Borrower could\nIncur $1.00 of additional Indebtedness under Section 6.01(a); and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(3)           such\nRestricted Payment, together with the aggregate amount of all other Restricted\nPayments made by the Borrower and its Restricted Subsidiaries after the Closing\nDate (including Restricted Payments permitted by clauses (i), (iv) (only to the\nextent of one-half of the amounts paid pursuant to such clause), (vi) and (viii)\nof Section 6.04(b), but excluding all other Restricted Payments permitted by\nSection 6.04(b)), is less than the amount equal to the Cumulative\nCredit.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           The\nprovisions of Section 6.04(a) shall not prohibit:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-85-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)       the\npayment of any dividend or distribution within 60 days after the date of\ndeclaration thereof, if at the date of declaration such payment would have\ncomplied with the provisions of this Agreement;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  (A)\nthe repurchase, retirement or other acquisition of any Equity Interests (“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Retired Capital\nStock</font>”) of the Borrower or any direct or indirect parent of the Borrower\nor Subordinated Indebtedness of the Borrower, any direct or indirect parent of\nthe Borrower or any Subsidiary Loan Party in exchange for, or out of the\nproceeds of, the substantially concurrent sale of, Equity Interests of the\nBorrower or any direct or indirect parent of the Borrower or contributions to\nthe equity capital of the Borrower (other than any Disqualified Stock or any\nEquity Interests sold to a Subsidiary of the Borrower or to an employee stock\nownership plan or any trust established by the Borrower or any of its\nSubsidiaries) (collectively, including any such contributions, “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Refunding Capital\nStock</font>”); and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(B)           the\ndeclaration and payment of accrued dividends on the Retired Capital Stock out of\nthe proceeds of the substantially concurrent sale (other than to a Subsidiary of\nthe Borrower or to an employee stock ownership plan or any trust established by\nthe Borrower or any of its Subsidiaries) of Refunding Capital\nStock;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iii)                  the\nredemption, repurchase or other acquisition or retirement of Subordinated\nIndebtedness of the Borrower or any Subsidiary Loan Party made by exchange for,\nor out of the proceeds of the substantially concurrent sale of, new Indebtedness\nof the Borrower or a Subsidiary Loan Party which is Incurred in accordance with\nSection 6.01 so long as</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 108pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(A)           the\nprincipal amount of such new Indebtedness does not exceed the principal amount\nof the Subordinated Indebtedness being so redeemed, repurchased, acquired or\nretired for value (plus the amount of any premium required to be paid under the\nterms of the instrument governing the Subordinated Indebte</font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">ness\nbeing so redeemed, repurchased, acquired or retired plus any fees incurred in\nconnection therewith),</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 108pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(B)           such\nIndebtedness is subordinated to the Loans or the related Guarantee, as the case\nmay be, at least to the same extent as such Subordinated Indebtedness so\npurchased, exchanged, redeemed, repurchased, acquired or retired for\nvalue,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 108pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(C)           such\nIndebtedness has a final scheduled maturity date equal to or later than the\nearlier of (x) the final scheduled maturity date of the Subordinated\nIndebtedness being so redeemed, repurchased, acquired or retired or (y) 91 days\nfollowing the Rollover Loan Maturity Date, and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 108pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(D)           such\nIndebtedness has a Weighted Average Life to Maturity at the time Incurred which\nis not less than the remaining Weighted Average Life to Maturity of the\nSubordinated Indebtedness being so redeemed, repurchased, acquired or\nretired;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iv)                  the\nrepurchase, retirement or other acquisition (or dividends to any direct or\nindirect parent of the Borrower to finance any such repurchase, retirement or\nother acquisition) for value of Equity Interests of the Borrower or any direct\nor indirect parent of the Borrower held by any future, present or former\nemployee, director or consultant of the Borrower or any direct or indirect\nparent of the Borrower or any Subsidiary of the Borrower pursuant to any\nmanagement equity plan or stock option plan or any other management or employee\nbenefit plan or other agreement or arrangement; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that the\naggregate amounts paid under this clause (iv) do not exceed $15.0 million in any\ncalendar year (with unused amounts in any calendar year being permitted to be\ncarried over for the two succeeding calendar years); <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">further</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that such\namount in any calendar year may be increased by an amount not to\nexceed:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-86-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 108pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(A)           the\ncash proceeds received by the Borrower or any of its Restricted Subsidiaries\nfrom the sale of Equity Interests (other than Disqualified Stock) of the\nBorrower or any direct or indirect parent of the Borrower (to the extent\ncontributed to the Borrower) to members of management, directors or consultants\nof the Borrower and its Restricted Subsidiaries or any direct or indirect parent\nof the Borrower that occurs after the Closing Date (<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that the\namount of such cash proceeds utilized for any such repurchase, retirement, other\nacquisition or dividend shall not increase the amount available for Restricted\nPayments under Section 6.04(a)(iii)); plus</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 108pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(B)           the\ncash proceeds of key man life insurance policies received by the Borrower or any\ndirect or indirect parent of the Borrower (to the extent contributed to the\nBorrower) or the Restricted Subsidiaries after the Closing Date;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"><font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that the\nBorrower may elect to apply all or any portion of the aggregate increase\ncontemplated by clauses (A) and (B) above in any calendar year;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(v)                  the\ndeclaration and payment of dividends or distributions to holders of any class or\nseries of Disqualified Stock of the Borrower or any of its Restricted\nSubsidiaries issued or incurred in accordance with Section 6.01;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(vi)                  the\ndeclaration and payment of dividends or distributions (a) to holders of any\nclass or series of Designated Preferred Stock (other than Disqualified Stock)\nissued after the Closing Date and (b) to any direct or indirect parent of the\nBorrower, the proceeds of which will be used to fund the payment of dividends to\nholders of any class or series of Designated Preferred Stock (other than\nDisqualified Stock) of any direct or indirect parent of the Borrower issued\nafter the Closing Date; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that (A) for\nthe most recently ended four full fiscal quarters for which internal financial\nstatements are available immediately preceding the date of issuance of such\nDesignated Preferred Stock, after giving effect to such issuance (and the\npayment of dividends or distributions) on a pro forma basis, the Borrower would\nhave had a Fixed Charge Coverage Ratio of at least 2.00 to 1.00 and (B) the\naggregate amount of dividends declared and paid pursuant to this clause (vi)\ndoes not exceed the net cash proceeds actually received by the Borrower from any\nsuch sale of Designated Preferred Stock (other than Disqualified Stock) issued\nafter the Closing Date;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(vii)                  Investments\nin Unrestricted Subsidiaries having an aggregate Fair Market Value, taken\ntogether with all other Investments made pursuant to this clause (vii) that are\nat that time outstanding, not to exceed the greater of $25.0 million and 1.0% of\nTotal Assets at the time of such Investment (with the Fair Market Value of each\nInvestment being measured at the time made and without giving effect to\nsubsequent changes in value);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-87-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(viii)                  the\npayment of dividends on the Borrower’s common stock (or the payment of dividends\nto any direct or indirect parent of the Borrower to fund the payment by such\ndirect or indirect parent of the Borrower of dividends on such entity’s common\nstock) of up to 6% per annum of the net proceeds received by the Borrower from\nany public offering of common stock of the Borrower or any direct or indirect\nparent of the Borrower;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ix)                  Investments\nthat are made with Excluded Contributions;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(x)                  other\nRestricted Payments in an aggregate amount not to exceed the greater of $50.0\nmillion and 2.0% of Total Assets at the time made;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xi)                  the\ndistribution, as a dividend or otherwise, of shares of Capital Stock of, or\nIndebtedness owed to the Borrower or a Restricted Subsidiary of the Borrower by,\nUnrestricted Subsidiaries;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xii)                  the\npayment of dividends or other distributions to any direct or indirect parent of\nthe Borrower in amounts required for such parent to pay federal, state or local\nincome taxes (as the case may be) imposed directly on such parent to the extent\nsuch income taxes are attributable to the income of the Borrower and its\nRestricted Subsidiaries (including, without limitation, by virtue of such parent\nbeing the common parent of a consolidated or combined tax group of which the\nBorrower and/or its Restricted Subsidiaries are members);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xiii)                  the\npayment of dividends, other distributions or other amounts or the making of\nloans or advances by the Borrower, if applicable:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 108pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(A)           in\namounts required for any direct or indirect parent of the Borrower, if\napplicable, to pay fees and expenses (including franchise or similar taxes)\nrequired to maintain its corporate existence, customary salary, bonus and other\nbenefits payable to, and indemnities provided on behalf of, officers and\nemployees of any direct or indirect parent of the Borrower, if applicable, and\ngeneral corporate overhead expenses of any direct or indirect parent of the\nBor</font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">rower, if\napplicable, in each case to the extent such fees and expenses are attributable\nto the ownership or operation of the Borrower, if applicable, and its\nSubsidiaries;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 108pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(B)           in\namounts required for any direct or indirect parent of the Borrower, if\napplicable, to pay interest and/or principal on Indebtedness the proceeds of\nwhich have been contributed to the Borrower or any of its Restricted\nSubsidiaries and that has been guaranteed by, or is otherwise considered\nIndebtedness of, the Borrower Incurred in accordance with Section 6.01;\nand</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 108pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(C)           in\namounts required for any direct or indirect parent of the Borrower to pay fees\nand expenses, other than to Affiliates of the Borrower, related to any\nunsuccessful equity or debt offering of such parent.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xiv)                  cash\ndividends or other distributions on the Borrower’s Capital Stock used to, or the\nmaking of loans to any direct or indirect parent of the Borrower to, fund the\nTransactions and the payment of fees and expenses incurred in connection with\nthe Transactions or owed by the Borrower or any direct or indirect parent of the\nBorrower, as the case may be, or Restricted Subsidiaries of the Borrower to\nAffiliates, in each case to the extent permitted by Section 6.07;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xv)                  repurchases\nof Equity Interests deemed to occur upon exercise of stock options or warrants\nif such Equity Interests represent a portion of the exercise price of such\noptions or warrants;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-88-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xvi)                  purchases\nof receivables pursuant to a Receivables Repurchase Obligation in connection\nwith a Qualified Receivables Financing and the payment or distribution of\nReceivables Fees;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xvii)                  payments\nof cash, or dividends, distributions or advances by the Borrower or any\nRestricted Subsidiary to allow the payment of cash in lieu of the issuance of\nfractional shares upon the exercise of options or warrants or upon the\nconversion or exchange of Capital Stock of any such Person;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xviii)                  the\nrepurchase, redemption or other acquisition or retirement for value of any\nSubordinated Indebtedness pursuant to the provisions similar to those described\nunder Sections 2.10(b) (as it relates to the use of Net Proceeds of Asset Sales)\nand 2.11; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that all\nLoans tendered by Lender in connection with a Change of Control Offer or repaid\nin connection with a mandatory prepayment pursuant to Section 2.10(b) (as it\nrelates to the use of Net Proceeds of Asset Sales), as applicable, have been\nrepurchased, repaid, redeemed or acquired for value; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xix)                  any\npayments made, including any such payments made to any direct or indirect parent\nof the Borrower to enable it to make payments, in connection with the\nconsummation of the Transactions or as contemplated by the Acquisition Documents\n(other than payments to any Permitted Holder or any Affiliate\nthereof);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"><font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that at the\ntime of, and after giving effect to, any Restricted Payment permitted under\nclauses (vi), (vii), (x) and (xi) of this Section 6.04(b), no Default shall have\noccurred and be continuing or would occur as a consequence thereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           As\nof the Closing Date, all of the Borrower’s Subsidiaries shall be Restricted\nSubsidiaries.  The Borrower shall not permit any Unrestricted\nSubsidiary to become a Restricted Subsid</font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">ary\nexcept pursuant to the definition of “Unrestricted Subsidiary.”  For\npurposes of designating any Restricted Subsidiary as an Unrestricted Subsidiary,\nall outstanding Investments by the Borrower and its Restricted Subsidiaries\n(except to the extent repaid) in the Subsidiary so designated shall be deemed to\nbe Restricted Payments in an amount determined as set forth in the last sentence\nof the definition of “Investments.”  Such designation shall only be\npermitted if a Restricted Payment in such amount would be permitted at such time\nand if such Subsidiary otherwise meets the definition of an Unrestricted\nSubsidiary.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n6.05.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Mergers, Consolidations,\nSales of Assets and Acquisitions</font></font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           The\nBorrower shall not, directly or indirectly, consolidate, amalgamate or merge\nwith or into or wind up or convert into (whether or not the Borrower is the\nsurviving Person), or sell, assign, transfer, lease, convey or otherwise dispose\nof all or substantially all of its properties or assets in one or more related\ntransactions to, any Person unless:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)       the\nBorrower is the surviving Person or the Person formed by or surviving any such\nconsolidation, amalgamation, merger, winding up or conversion (if other than the\nBorrower) or to which such sale, assignment, transfer, lease, conveyance or\nother disposition shall have been made is a corporation, partnership or limited\nliability company organized or existing under the laws of the United States, any\nstate thereof, the District of Columbia or any territory of the United States\n(the Borrower or such Person, as the case may be, being herein called the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Successor Company</font>”);\n<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that\nin the case where the surviving Person is not a corporation, a co-obligor of the\nLoans is a corporation;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-89-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  the\nSuccessor Company (if other than the Borrower) expressly assumes all the\nobligations of the Borrower under this Agreement, the Loans and the Security\nDocuments pursuant to a joinder or other agreement in form reasonably\nsatisfactory to the Administrative Agent;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iii)                  immediately\nafter giving effect to such transaction (and treating any Indebtedness which\nbecomes an obligation of the Successor Company or any of its Restricted\nSubsidiaries as a result of such transaction as having been Incurred by the\nSuccessor Company or such Restricted Subsidiary at the time of such transaction)\nno Default or shall have occurred and be continuing;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iv)                  immediately\nafter giving pro forma effect to such transaction, as if such transaction had\noccurred at the beginning of the applicable four-quarter period (and treating\nany Indebtedness which becomes an obligation of the Successor Company or any of\nits Restricted Subsidiaries as a result of such transaction as having been\nIncurred by the Successor Company or such Restricted Subsidiary at the time of\nsuch transaction), either</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 108pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(A)           the\nSuccessor Company would be permitted to Incur at least $1.00 of additional\nIndebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in\nSection 6.01(a); or</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 108pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(B)           the\nFixed Charge Coverage Ratio for the Successor Company and its Restricted\nSubsidiaries would be greater than such ratio for the Borrower and its\nRestricted Subsidiaries immediately prior to such transaction; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(v)                  each\nSubsidiary Loan Party, unless it is the other party to the transactions\ndescribed above, shall have by joinder or other agreement in form reasonably\nsatisfactory to the Administrative Agent confirmed that its Guarantee shall\napply to such Person’s obligations under this Agreement and the\nLoans.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">The\nSuccessor Company (if other than the Borrower) shall succeed to, and be\nsubstituted for, the Borrower under this Agreement, the Loans and the Security\nDocuments, and in such event the Borrower will automatically be released and\ndischarged from its obligations under this Agreement, the Loans and the Security\nDocuments.  Notwithstanding the foregoing clauses (iii) and (iv) of\nthis Section 6.05(a), (A) any Restricted Subsidiary may merge, consolidate or\namalgamate with or transfer all or part of its properties and assets to the\nBorrower or to another Restricted Subsidiary, and (B) the Borrower may merge,\nconsolidate or amalgamate with an Affiliate incorporated solely for the purpose\nof reincorporating the Borrower in another state of the United States, the\nDistrict of Columbia or any territory of the United States or may convert into a\nlimited liability company, so long as the amount of Indebtedness of the Borrower\nand its Restricted Subsidiaries is not increased thereby.  This\nSection 6.05 will not apply to a sale, assignment, transfer, conveyance or other\ndisposition of assets between or among the Borrower and its Restricted\nSubsidiaries.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           Subject\nto the provisions of Section 9.15 of the Collateral Agreement (which govern the\nrelease of a Guarantee upon the sale or disposition of a Restricted Subsidiary\nof the Borrower that is a Subsidiary Loan Party), no Subsidiary Loan Party\nshall, and the Borrower shall not permit any Subsidiary Loan Party to,\nconsolidate, amalgamate or merge with or into or wind up into (whether or not\nsuch Subsidiary Loan Party is the surviving Person), or sell, assign, transfer,\nlease, convey or otherwise dispose of all or substantially all of its properties\nor assets in one or more related transactions to, any Person (other than any\nsuch sale, assignment, transfer, lease, conveyance or disposition in connection\nwith the Transactions) unless either (A) such Subsidiary Loan Party is the\nsurviving Person or the Person formed by or surviving any such consolidation,\namalgamation or merger (if other than such Subsidiary Loan Party) or to which\nsuch sale, assignment, transfer, lease, conveyance or other disposition shall\nhave been made is a corporation, partnership or limited liability company\norganized or existing under the laws of the United States, any state thereof,\nthe District of Columbia or any territory of the United States (such Subsidiary\nLoan Party or such Person, as the case may be, being herein called the\n“Successor Subsidiary Loan Party”) and the Successor Subsidiary Loan Party (if\nother than such Subsidiary Loan Party) expressly assumes all the obligations of\nsuch Subsidiary Loan Party under this Agreement, such Subsidiary Loan Party’s\nGuarantee and the Security Documents pursuant to an joinder agreement or other\ndocuments or instruments in form reasonably satisfactory to the Administrative\nAgent and the Collateral Agent, or (B) such sale or disposition or\nconsolidation, amalgamation or merger is not in violation of Section\n6.03.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-90-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Except as\notherwise provided in this Agreement, the Successor Subsidiary Loan Party (if\nother than such Subsidiary Loan Party) will succeed to, and be substituted for,\nsuch Subsidiary Loan Party under this Agreement, such Subsidiary Loan Party’s\nGuarantee and the Security Documents, and such Subsidiary Loan Party will\nautomatically be released and discharged from its obligations under this\nAgreement, such Subsidiary Loan Party’s Guarantee and the Security Documents.\nNotwithstanding the foregoing, (1) a Subsidiary Loan Party may merge, amalgamate\nor consolidate with an Affiliate incorporated solely for the purpose of\nreincorporating such Subsidiary Loan Party in another state of the United\nStates, the District of Columbia or any territory of the United States so long\nas the amount of Indebtedness of the Subsidiary Loan Party is not increased\nthereby and (2) a Subsidiary Loan Party may merge, amalgamate or consolidate\nwith another Subsidiary Loan Party or the Borrower.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">In\naddition, notwithstanding the foregoing, any Subsidiary Loan Party may\nconsolidate, amalgamate or merge with or into or wind up into, or sell, assign,\ntransfer, lease, convey or otherwise dispose of all or substantially all of its\nproperties or assets (collectively, a “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Transfer</font>”) to (x) the\nBorrower or any Subsidiary Loan Party or (y) any Restricted Subsidiary of the\nBorrower that is not a Subsidiary Loan Party; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that at the\ntime of each such Transfer pursuant to clause (y) the aggregate amount of all\nsuch Transfers since the Closing Date shall not exceed 5.0% of the consolidated\nassets of the Borrower and the Subsidiary Loan Parties as shown on the most\nrecent available balance sheet of the Borrower and </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">the\nRestricted Subsidiaries after giving effect to each such Transfer and including\nall Transfers occurring from and after the Closing Date (excluding Transfers in\nconnection with the Transactions).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n6.06.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Dividend and Other Payment\nRestrictions Affecting Subsidiaries</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  The\nBorrower shall not, and shall not permit any of its Restricted Subsidiaries to,\ndirectly or indirectly, create or otherwise cause or suffer to exist or become\neffective any consensual encumbrance or consensual restriction on the ability of\nany Restricted Subsidiary to:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           (i)\npay dividends or make any other distributions to the Borrower or any of its\nRestricted Subsidiaries (1) on its Capital Stock; or (2) with respect to any\nother interest or participation in, or measured by, its profits; or (ii) pay any\nIndebtedness owed to the Borrower or any of its Restricted\nSubsidiaries;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           make\nloans or advances to the Borrower or any of its Restricted Subsidiaries;\nor</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           sell,\nlease or transfer any of its properties or assets to the Borrower or any of its\nRestricted Subsidiaries;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">except in\neach case for such encumbrances or restrictions existing under or by reason\nof:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)       contractual\nencumbrances or restrictions in effect on the Closing Date, including pursuant\nto the Credit Agreements and the other Credit Agreement Documents;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-91-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  this\nAgreement, the Loans, Exchange Notes, exchange notes issued in exchange\ntherefor, Permanent Financing, any exchange notes issued in exchange therefor,\nthe Security Documents and the Intercreditor Agreements (and any guarantee\ndocuments, security documents and intercreditor agreements or other documents\nrelating to the Exchange Notes, exchange notes issued in exchange therefor, any\nPermanent Financing and any exchange notes issued in exchange\ntherefor);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iii)                  applicable\nlaw or any applicable rule, regulation or order;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iv)                  any\nagreement or other instrument relating to Indebtedness of a Person acquired by\nthe Borrower or any Restricted Subsidiary which was in existence at the time of\nsuch acquisition (but not created in contemplation thereof or to provide all or\nany portion of the funds or credit support utilized to consummate such\nacquisition), which encumbrance or restriction is not applicable to any Person,\nor the properties or assets of any Person, other than the Person, or the\nproperty or assets of the Person, so acquired;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(v)                  contracts\nor agreements for the sale of assets, including any restriction with respect to\na Restricted Subsidiary imposed pursuant to an agreement entered into for the\nsale or disposition of the Capital Stock or assets of such Restricted Subsidiary\npending the closing of such sale or disposition;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(vi)                  Secured\nIndebtedness otherwise permitted to be Incurred pursuant to Sections 6.01 and\n6.02 that limit the right of the debtor to dispose of the assets securing such\nIndebtedness;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(vii)                  restrictions\non cash or other deposits or net worth imposed by customers under contracts\nentered into in the ordinary course of business;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(viii)                  customary\nprovisions in joint venture agreements and other similar agreements entered into\nin the ordinary course of business;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ix)                  purchase\nmoney obligations for property acquired in the ordinary course of business that\nimpose restrictions of the nature discussed in Section 6.06(c) above on the\nproperty so acquired;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(x)                  customary\nprovisions contained in leases, licenses and other similar agreements entered\ninto in the ordinary course of business that impose restrictions of the type\ndescribed in clause (c) above on the property subject to such\nlease;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xi)                  any\nencumbrance or restriction of a Receivables Subsidiary effected in connection\nwith a Qualified Receivables Financing; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>,<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\"> however</font>, that such\nrestrictions apply only to such Receivables Subsidiary;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xii)                  other\nIndebtedness, Disqualified Stock or Preferred Stock of any Restricted Subsidiary\nof the Borrower (i) that is a Subsidiary Loan Party that is Incurred subsequent\nto the Closing Date pursuant to Section 6.01 or (ii) that is Incurred by a\nForeign Subsidiary of the Borrower subsequent to the Closing Date pursuant to\nclause (iv), (xii) or (xx) of Section 6.01(b);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xiii)                  any\nRestricted Investment not prohibited by Section 6.04 and any Permitted\nInvestment; or</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-92-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xiv)                  any\nencumbrances or restrictions of the type referred to in clauses (i), (ii) and\n(iii) above imposed by any amendments, modifications, restatements, renewals,\nincreases, supplements, refundings, replacements or refinancings of the\ncontracts, instruments or obligations referred to in clauses (i) through (xiii)\nabove; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>\nthat such amendments, modifications, restatements, renewals, increases,\nsupplements, refundings, replacements or refinancings are, in the good faith\njudgment of the Borrower, no more restrictive with respect to such dividend and\nother payment restrictions than those contained in the dividend or other payment\nrestrictions prior to such amendment, modification, restatement, renewal,\nincrease, supplement, refunding, replacement or refinancing.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">For\npurposes of determining compliance with this Section 6.06, (i) the priority of\nany Preferred Stock in receiving dividends or liquidating distributions prior to\ndividends or liquidating distributions being paid on common stock shall not be\ndeemed a restriction on the ability to make distributions on Capital Stock and\n(ii) the subordination of loans or advances made to the Borrower or a Restricted\nSubsidiary of the Borrower to other Indebtedness Incurred by the Borrower or any\nsuch Restricted Subsidiary shall not be deemed a restriction on the ability to\nmake loans or advances.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n6.07.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Transactions with\nAffiliates</font></font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           The\nBorrower shall not, and shall not permit any of its Restricted Subsidiaries to,\ndirectly or indirectly, make any payment to, or sell, lease, transfer or\notherwise dispose of any of its properties or assets to, or purchase any\nproperty or assets from, or enter into or make or amend any transaction or\nseries of transactions, contract, agreement, understanding, loan, advance or\nguarantee with, or for the benefit of, any Affiliate of the Borrower (each of\nthe foregoing, an “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Affiliate\nTransaction</font>”) involving aggregate consideration in excess of $10.0\nmillion, unless:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)       such\nAffiliate Transaction is on terms that are not materially less favorable to the\nBorrower or the relevant Restricted Subsidiary than those that could have been\nobtained in a </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">comparable\ntransaction by the Borrower or such Restricted Subsidiary with an unrelated\nPerson; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  with\nrespect to any Affiliate Transaction or series of related Affiliate Transactions\ninvolving aggregate consideration in excess of $25.0 million, the Borrower\ndelivers to the Administrative Agent a resolution adopted in good faith by the\nmajority of the Board of Directors of the Borrower, approving such Affiliate\nTransaction and set forth in an Officers’ Certificate certifying that such\nAffiliate Transaction complies with clause (i) above.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           The\nprovisions of Section 6.07(a) shall not apply to the following:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)       transactions\nbetween or among the Borrower and/or any of its Restricted Subsidiaries and any\nmerger of the Borrower and any direct parent of the Borrower; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that such\nparent shall have no material liabilities and no material assets other than\ncash, Cash Equivalents and the Capital Stock of the Borrower and such merger is\notherwise in compliance with the terms of this Agreement and effected for a bona\nfide business purpose;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  Restricted\nPayments permitted by Section 6.04 and Permitted Investments;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iii)                  (x)\nthe entering into of any agreement (and any amendment or modification of any\nsuch agreement) to pay, and the payment of, annual management, consulting,\nmonitoring and advisory fees to the Funds and the Fund Affiliates in an\naggregate amount in any fiscal year not to exceed the greater of (A) $3.0\nmillion and (B) 1.25% of EBITDA of the Borrower and its Restricted\nSubsidiaries for the immediately preceding fiscal year, and out-of-pocket\nexpense reimbursement; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that any\npayment not made in any fiscal year may be carried forward and paid in the\nfollowing two fiscal years and (y) the payment of the present value of all\namounts payable pursuant to any agreement described in clause (iii)(x) of this\nSection 6.07(b) in connection with the termination of such\nagreement;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-93-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iv)                  the\npayment of reasonable and customary fees and reimbursement of expenses paid to,\nand indemnity provided on behalf of, officers, directors, employees or\nconsultants of the Borrower or any Restricted Subsidiary or any direct or\nindirect parent of the Borrower;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(v)                  payments\nby the Borrower or any of its Restricted Subsidiaries to the Funds and the Fund\nAffiliates made for any financial advisory, financing, underwriting or placement\nservices or in respect of other investment banking activities, including,\nwithout limitation, in connection with acquisitions or divestitures, which\npayments are (x) made pursuant to the agreements with the Funds and the Fund\nAffiliates described in <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Schedule 6.07</font> or (y)\napproved by a majority of the Board of Directors of the Borrower in good\nfaith;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(vi)                  transactions\nin which the Borrower or any of its Restricted Subsidiaries, as the case may be,\ndelivers to the Administrative Agent a letter from an Independent Financial\nAdvisor stating that such transaction is fair to the Borrower or such Restricted\nSubsidiary from a financial point of view or meets the requirements of clause\n(i) of Section 6.07(a);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(vii)                  payments\nor loans (or cancellation of loans) to employees or consultants which are\napproved by a majority of the Board of Directors of the Borrower in good\nfaith;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(viii)                  any\nagreement as in effect as of the Closing Date or any amendment thereto (so long\nas any such agreement together with all amendments thereto, taken as a whole, is\nnot more disadvantageous to the Lenders in any material respect than the\noriginal agreement as in </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">effect on\nthe Closing Date) or any transaction contemplated thereby as determined in good\nfaith by senior management or the Board of Directors of the\nBorrower;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ix)                  the\nexistence of, or the performance by the Borrower or any of its Restricted\nSubsidiaries of its obligations under the terms of, the Acquisition Documents,\nany stockholders agreement (including any registration rights agreement or\npurchase agreement related thereto) to which it is a party as of the Closing\nDate and any transaction, agreement or arrangement described in Schedule 6.07\nand, in each case, any amendment thereto or similar transactions, agreements or\narrangements which it may enter into thereafter; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that the\nexistence of, or the performance by the Borrower or any of its Restricted\nSubsidiaries of its obligations under, any future amendment to any such existing\ntransaction, agreement or arrangement or under any similar transaction,\nagreement or arrangement entered into after the Closing Date shall only be\npermitted by this clause (ix) to the extent that the terms of any such existing\ntransaction, agreement or arrangement together with all amendments thereto,\ntaken as a whole, or new transaction, agreement or arrangement are not otherwise\nmore disadvantageous to the Lenders in any material respect than the original\ntransaction, agreement or arrangement as in effect on the Closing\nDate;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(x)                  the\nexecution of the Transactions and the payment of all fees and expenses related\nto the Transactions, including fees to the Funds and the Fund Affiliates, which\nare described in Schedule 6.07 or contemplated by the Acquisition\nDocuments;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-94-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xi)                  (A)\ntransactions with customers, clients, suppliers or purchasers or sellers of\ngoods or services, or transactions otherwise relating to the purchase or sale of\ngoods or services, in each case in the ordinary course of business and otherwise\nin compliance with the terms of this Agreement, which are fair to the Borrower\nand its Restricted Subsidiaries in the reasonable determination of the Board of\nDirectors or the senior management of the Borrower, or are on terms at least as\nfavorable as might reasonably have been obtained at such time from an\nunaffiliated party or (B) transactions with joint ventures or Unrestricted\nSubsidiaries entered into in the ordinary course of business;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xii)                  any\ntransaction effected as part of a Qualified Receivables Financing;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xiii)                  the\nissuance of Equity Interests (other than Disqualified Stock) of the Borrower to\nany Person;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xiv)                  the\nissuances of securities or other payments, awards or grants in cash, securities\nor otherwise pursuant to, or the funding of, employment arrangements, stock\noption and stock ownership plans or similar employee benefit plans approved by\nthe Board of Directors of the Borrower or any direct or indirect parent of the\nBorrower or of a Restricted Subsidiary of the Borrower, as appropriate, in good\nfaith;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xv)                  the\nentering into of any tax sharing agreement or arrangement and any payments\npermitted by Section 6.04(b)(xii);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xvi)                  any\ncontribution to the capital of the Borrower;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xvii)                  transactions\npermitted by, and complying with, Section 6.05;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xviii)                  transactions\nbetween the Borrower or any of its Restricted Subsidiaries and any Person, a\ndirector of which is also a director of the Borrower or any direct or indirect\n</font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">parent of\nthe Borrower; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that such\ndirector abstains from voting as a director of the Borrower or such direct or\nindirect parent, as the case may be, on any matter involving such other\nPerson;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xix)                  pledges\nof Equity Interests of Unrestricted Subsidiaries;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xx)                  any\nemployment agreements entered into by the Borrower or any of its Restricted\nSubsidiaries in the ordinary course of business; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(xxi)                  intercompany\ntransactions undertaken in good faith (as certified by a responsible financial\nor accounting officer of the Borrower in an Officers’ Certificate) for the\npurpose of improving the consolidated tax efficiency of the Borrower and its\nSubsidiaries and not for the purpose of circumventing any covenant set forth in\nthis Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n6.08.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Amendment of Security\nDocuments</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  The\nBorrower shall not amend, modify or supplement, or permit or consent to any\namendment, modification or supplement of, the Security Documents in any way that\nwould be adverse to the Lenders in any material respect, except as contemplated\nby the Intercreditor Agreements or as permitted under Section 9.08.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-95-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n6.09.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Termination and Suspension\nof Certain Covenants</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           If,\non any date following the Closing Date, (i) the Loans have Investment Grade\nRatings from both Rating Agencies, and the Borrower has delivered notice of such\nInvestment Grade Ratings to the Administrative Agent, and (ii) no Default\nhas occurred and is continuing under this Agreement, then beginning on that day\nand continuing at all times thereafter regardless of any subsequent changes in\nthe ratings of the Loans, the Borrower and its Restricted Subsidiaries shall no\nlonger be subject to Section 5.10(d) hereof, Section 6.01 hereof, Section 6.03\nhereof, Section 6.04 hereof, Section 6.06 hereof, Section 6.07 hereof and clause\n(iv) of Section 6.05 hereof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           During\nany period of time when (i) the Loans have Investment Grade Ratings from both\nRating Agencies, and the Borrower has delivered notice of such Investment Grade\nRatings to the Administrative Agent, and (ii) no Default has occurred and\nis continuing under this Agreement (the occurrence of the events described in\nthe foregoing clauses (i) and (ii) being collectively referred to as a\n“<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Covenant Suspension\nEvent</font>”), the Borrower and its Restricted Subsidiaries will not be subject\nto Section 2.11 hereof (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Suspended\nCovenant</font>”).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           In\nthe event that the Borrower and its Restricted Subsidiaries are not subject to\nthe Suspended Covenant under this Agreement for any period of time as a result\nof the foregoing, and on any subsequent date (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Reversion Date</font>”) one\nor both of the Rating Agencies withdraw their Investment Grade Rating or\ndowngrade the rating assigned to the Loans below an Investment Grade Rating then\nthe Borrower and its Restricted Subsidiaries shall thereafter again be subject\nto the Suspended Covenant under this Agreement.  The period of time\nbetween the Covenant Suspension Event and the Reversion Date is referred to\nherein as the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Suspension\nPeriod</font>.”</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           In\nthe event that the Borrower and its Restricted Subsidiaries are not subject to\nthe Suspended Covenants and the Borrower or any of its Affiliates enter into an\nagreement to effect a transaction that would result in a Change of Control and\none or more of the Rating Agencies indicate that if consummated, such\ntransaction (alone or together with any related recapitalization or refinancing\ntransactions) would cause such Rating Agency to withdraw its Investment Grade\nRating or downgrade the ratings assigned to the Loans below an Investment Grade\nRating, then the Borrower and its Restricted Sub</font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">sidiaries\nshall thereafter again be subject the Suspended Covenants hereof with respect to\nfuture events, including, without limitation, a proposed transaction described\nin this clause (d).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           The\nBorrower shall deliver promptly to the Administrative Agent an Officer’s\nCertificate notifying it of any occurrence under this Section 6.09.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">ARTICLE\nVII</font><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman\">Events\nof Default</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n7.01.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Events of\nDefault</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Subject\nto Section 9.21, in case of the happening of any of the following events (each,\nan “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Event of\nDefault</font>”):</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           any\nrepresentation or warranty made or deemed made by the Borrower or any other\nSubsidiary Loan Party herein or in any other Loan Document or any certificate or\ndocument delivered pursuant hereto or thereto shall prove to have been false or\nmisleading in any material respect when so made or deemed made;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-96-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           default\nshall be made in the payment of any principal of any Loan when and as the same\nshall become due and payable, whether at the due date thereof or at a date fixed\nfor prepayment thereof or by acceleration thereof or otherwise;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           default\nshall be made in the payment of any interest on any Loan or in the payment of\nany Fee or any other amount (other than an amount referred to in (b) above) due\nunder any Loan Document, when and as the same shall become due and payable, and\nsuch default shall continue unremedied for a period of five Business\nDays;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           default\nshall be made in the due observance or performance by the Borrower or any of the\nSubsidiaries of any covenant, condition or agreement contained in\nSection 5.01(a), 5.05(a) or 5.08 or in Article VI;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           default\nshall be made in the due observance or performance by the Borrower or any of the\nSubsidiaries of any covenant, condition or agreement contained in any Loan\nDocument (other than those specified in paragraphs (b), (c) and (d) above)\nand such default shall continue unremedied for a period of 30 days (or 60 days\nif such default results solely from a Foreign Subsidiary’s failure to duly\nobserve or perform any such covenant, condition or agreement) after notice\nthereof from the Administrative Agent to the Borrower;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(f)           (i)\nany event or condition occurs that (A) results in any Material Indebtedness\nbecoming due prior to its scheduled maturity or (B) enables or permits (with all\napplicable grace periods having expired) the holder or holders of any Material\nIndebtedness or any trustee or agent on its or their behalf to cause any\nMaterial Indebtedness to become due, or to require the prepayment, repurchase,\nredemption or defeasance thereof, prior to its scheduled maturity or (ii) the\nBorrower or any of the Subsidiaries shall fail to pay the principal of any\nMaterial Indebtedness at the stated final maturity thereof; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that this\nclause (f) shall not apply to (a) secured Indebtedness that becomes due as\na result of the voluntary sale or transfer of the property or assets securing\nsuch Indebtedness if such sale or transfer is permitted hereunder and under the\ndocuments providing for such Indebtedness or (b) Indebtedness that becomes due\npursuant to a change of control provision provided that the Borrower complies\nwith the provisions of Section 2.11 hereof with respect to such\nevent;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><br> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(g)           [Reserved];</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(h)           an\ninvoluntary proceeding shall be commenced or an involuntary petition shall be\nfiled in a court of competent jurisdiction seeking (i) relief in respect of\nHoldings, the Borrower or any of the Subsidiaries, or of a substantial part of\nthe property or assets of the Holdings, Borrower or any Subsidiary, under Title\n11 of the United States Code, as now constituted or hereafter amended, or any\nother federal, state or foreign bankruptcy, insolvency, receivership or similar\nlaw, (ii) the appointment of a receiver, trustee, custodian, sequestrator,\nconservator or similar official for Holdings, the Borrower or any of the\nSubsidiaries or for a substantial part of the property or assets of Holdings,\nthe Borrower or any of the Subsidiaries or (iii) the winding-up or liquidation\nof Holdings, the Borrower or any Subsidiary (except, in the case of any\nSubsidiary, in a transaction permitted by Section 6.05); and such\nproceeding or petition shall continue undismissed for 60 days or an order or\ndecree approving or ordering any of the foregoing shall be entered;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)           Holdings,\nthe Borrower or any Subsidiary shall (i) voluntarily commence any proceeding or\nfile any petition seeking relief under Title 11 of the United States Code, as\nnow constituted or hereafter amended, or any other federal, state or foreign\nbankruptcy, insolvency, receivership or similar law, (ii) consent to the\ninstitution of, or fail to contest in a timely and appropriate manner, any\nproceeding or the filing of any petition described in paragraph (h) above,\n(iii) apply for or consent to the appointment of a receiver, trustee, custodian,\nsequestrator, conservator or similar official for Holdings, the Borrower or any\nof the Subsidiaries or for a substantial part of the property or assets of\nHoldings, the Borrower or any Subsidiary, (iv) file an answer admitting the\nmaterial allegations of a petition filed against it in any such proceeding, (v)\nmake a general assignment for the benefit of creditors or (vi) become unable or\nadmit in writing its inability or fail generally to pay its debts as they become\ndue;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-97-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(j)           the\nfailure by the Borrower or any Subsidiary to pay one or more final judgments\naggregating in excess of $35 million (to the extent not covered by insurance),\nwhich judgments are not discharged or effectively waived or stayed for a period\nof 45 consecutive days;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(k)           (i)\na trustee shall be appointed by a United States district court to administer any\nPlan, (ii) an ERISA Event or ERISA Events shall have occurred with respect to\nany Plan or Multiemployer Plan, (iii) the PBGC shall institute proceedings\n(including giving notice of intent thereof) to terminate any Plan or Plans, (iv)\nthe Borrower or any Subsidiary or any ERISA Affiliate shall have been notified\nby the sponsor of a Multiemployer Plan that such Multiemployer Plan is in\nreorganization or is being terminated, within the meaning of Title IV of ERISA,\nor (v) the Borrower or any Subsidiary shall engage in any “prohibited\ntransaction” (as defined in Section 406 of ERISA or Section 4975 of\nthe Code) involving any Plan; and in each case in clauses (i) through (v)\nabove, such event or condition, together with all other such events or\nconditions, if any, would reasonably be expected to have a Material Adverse\nEffect;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(l)           (i)\nany Loan Document shall for any reason be asserted in writing by the Borrower or\nany Subsidiary not to be a legal, valid and binding obligation of any party\nthereto, (ii) any security interest purported to be created by any Security\nDocument and to extend to assets that are not immaterial to the Borrower and the\nSubsidiaries on a consolidated basis shall cease to be, or shall be asserted in\nwriting by the Borrower or any other Subsidiary Loan Party not to be, a valid\nand perfected security interest (perfected as or having the priority required by\nthis Agreement or the relevant Security Document and subject to such limitations\nand restrictions as are set forth herein and therein) in the securities, assets\nor properties covered thereby, except to the extent that any such loss of\nperfection or priority results from the limitations of foreign laws, rules\n</font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">and\nregulations as they apply to pledges of Equity Interests in Foreign Subsidiaries\nor the application thereof, or from the failure of the Administrative Agent to\nmaintain possession of certificates actually delivered to it representing\nsecurities pledged under the Collateral Agreement or to file Uniform Commercial\nCode continuation statements or take the actions described on <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Schedule 3.04</font>\nand except to the extent that such loss is covered by a Lender’s title insurance\npolicy and the Administrative Agent shall be reasonably satisfied with the\ncredit of such insurer, or (iii) the Guarantees pursuant to the Security\nDocuments by the Borrower or the Subsidiary Loan Parties of any of the\nObligations shall cease to be in full force and effect (other than in accordance\nwith the terms thereof), or shall be asserted in writing by the Borrower or any\nSubsidiary Loan Party  not to be in effect or not to be legal, valid\nand binding obligations;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(m)           (i)\nthe Obligations shall fail to constitute “Senior Debt” (or the equivalent\nthereof) and “Designated Senior Debt” (or the equivalent thereof) under the\nSenior Subordinated Notes Indentures and under the documentation governing any\nIndebtedness incurred pursuant to Section 6.01 constituting subordinated\nIndebtedness or any Refinancing Indebtedness in respect of the Senior\nSubordinated Notes or such Indebtedness incurred pursuant to Section 6.01\nconstituting subordinated Indebtedness, or (ii) the subordination provisions\nthereunder shall be invalidated or otherwise cease, or shall be asserted in\nwriting by the Borrower or any Subsidiary Loan Party to be invalid or to cease\nto be legal, valid and binding obligations of the parties thereto, enforceable\nin accordance with their terms; or</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-98-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(n)           there\nshall occur and be continuing an “Event of Default” under and as defined in the\nSenior Secured Credit Facilities;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">then, and\nin every such event (other than an event with respect to the Borrower described\nin paragraph (h) or (i) above), and at any time thereafter during the\ncontinuance of such event, the Administrative Agent, at the request of the\nRequired Lenders, shall, by notice to the Borrower, take any or all of the\nfollowing actions, at the same or different times:  (i) terminate\nforthwith the Commitments, and (ii) declare the Loans then outstanding to be\nforthwith due and payable in whole or in part, whereupon the principal of the\nLoans so declared to be due and payable, together with accrued interest thereon\nand any unpaid accrued Fees and all other liabilities of the Borrower accrued\nhereunder and under any other Loan Document, shall become forthwith due and\npayable, without presentment, demand, protest or any other notice of any kind,\nall of which are hereby expressly waived by the Borrower, anything contained\nherein or in any other Loan Document to the contrary notwithstanding; and in any\nevent with respect to the Borrower described in paragraph (h) or (i) above,\nthe Commitments shall automatically terminate, and the principal of the Loans\nthen outstanding, together with accrued interest thereon and any unpaid accrued\nFees and all other liabilities of the Borrower accrued hereunder and under any\nother Loan Document, shall automatically become due, without presentment,\ndemand, protest or any other notice of any kind, all of which are hereby\nexpressly waived by the Borrower, anything contained herein or in any other Loan\nDocument to the contrary notwithstanding.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n7.02.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exclusion of Immaterial\nSubsidiaries</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Solely\nfor the purposes of determining whether an Event of Default has occurred under\nclause (h), (i) or (l) of Section 7.01, any reference in any such\nclause to any Subsidiary shall be deemed not to include any Immaterial\nSubsidiary affected by any event or circumstance referred to in any such\nclause.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: normal; FONT-FAMILY: times new roman\">ARTICLE\nVIII</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: times new roman\">The\nAgents</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n8.01.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Appointment</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           Each\nLender hereby irrevocably designates and appoints the Administrative Agent as\nthe agent of such Lender under this Agreement and the other Loan Documents,\nincluding as a Collateral Agent for such Lender and the other Secured Parties\nunder the Security Documents and with respect to any responsibilities under the\nIntercreditor Agreements, and each such Lender irrevocably authorizes the\nAdministrative Agent, in such capacity, to take such action on its behalf under\nthe provisions of this Agreement and the other Loan Documents and to exercise\nsuch powers and perform such duties as are expressly delegated to the\nAdministrative Agent by the terms of this Agreement and the other Loan\nDocuments, together with such other powers as are reasonably incidental thereto\n(including with respect to any responsibilities under the Intercreditor\nAgreements).  In addition, to the extent required under the laws of\nany jurisdiction other than the United States, each of the Lenders hereby grants\nto the Administrative Agent any required powers of attorney to execute any\nSecurity Document governed by the laws of such jurisdiction on such Lender’s\nbehalf.  Notwithstanding any provision to the contrary elsewhere in\nthis Agreement, the Administrative Agent shall not have any duties or\nresponsibilities, except those expressly set forth herein, or any fiduciary\nrelationship with any Lender, and no implied covenants, functions,\nresponsibilities, duties, obligations or liabilities shall be read into this\nAgreement or any other Loan Document or otherwise exist against the\nAdministrative Agent.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-99-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           In\nfurtherance of the foregoing, each Lender hereby appoints and authorizes the\nCollateral Agent to act as the agent of such Lender for purposes of acquiring,\nholding and enforcing any and all Liens on Collateral granted by any of the Loan\nParties to secure any of the Obligations, together with such powers and\ndiscretion as are reasonably incidental thereto and to enter into and take such\naction on its behalf under the provisions of the Senior Lender Intercreditor\nAgreement, the Second Priority Intercreditor Agreement and the Senior Fixed\nLender Intercreditor Agreement and to exercise such powers and perform such\nduties as are expressly delegated to the Collateral Agent by the terms of the\nSenior Lender Intercreditor Agreement, Second Priority Intercreditor Agreement\nand the Senior Fixed Lender Intercreditor Agreement together with such other\npowers as are reasonably incidental thereto.  In this connection, the\nCollateral Agent (and any Subagents appointed by the Collateral Agent pursuant\nto Section 8.02 for purposes of holding or enforcing any Lien on the Collateral\n(or any portion thereof) granted under the Security Documents, or for exercising\nany rights or remedies thereunder at the direction of the Collateral Agent)\nshall be entitled to the benefits of this Article VIII (including, without\nlimitation, Section 8.07) as though the Collateral Agent (and any such\nSubagents) were an “Agent” under the Loan Documents, as if set forth in full\nherein with respect thereto.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           Each\nLender irrevocably authorizes each of the Administrative Agent and the\nCollateral Agent, at its option and in its discretion, (i) to release any Lien\non any property granted to or held by the Collateral Agent under any Loan\nDocument (A) upon termination of the Commitments and payment in full of all\nObligations (other than contingent indemnification obligations), (B) that is\nsold or to be sold as part of or in connection with any sale permitted hereunder\nor under any other Loan Document, or (C) if approved, authorized or ratified in\nwriting in accordance with Section 9.08 hereof, (ii) to release any Subsidiary\nLoan Party from its obligations under the Loan Documents if such Person ceases\nto be a Subsidiary as a result of a transaction permitted hereunder and (iii) to\nsubordinate any Lien on any property granted to or held by the Collateral Agent\nunder any Loan Document to the holder of any Permitted Lien in respect of a\nCapitalized Lease Obligation to be incurred hereunder.  Upon request\nby the Administrative Agent or the Collateral Agent at any time, the Required\nLenders will confirm in writing the Administrative Agent’s and the Collateral\nAgent’s authority to release its interest in particular types or </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">items of\nproperty, or to release any Subsidiary Loan Party from its obligations under the\nLoan Documents.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           In\ncase of the pendency of any receivership, insolvency, liquidation, bankruptcy,\nreorganization, arrangement, adjustment, composition or other judicial\nproceeding relative to any Loan Party, (i) the Administrative Agent\n(irrespective of whether the principal of any Obligation shall then be due and\npayable as herein expressed or by declaration or otherwise and irrespective of\nwhether the Administrative Agent shall have made any demand on the Borrower)\nshall be entitled and empowered, by intervention in such proceeding or otherwise\n(A) to file and prove a claim for the whole amount of the principal and interest\nowing and unpaid in respect of any or all of the Obligations that are owing and\nunpaid and to file such other documents as may be necessary or advisable in\norder to have the claims of the Lenders and the Administrative Agent and any\nSubagents allowed in such judicial proceeding, and (B) to collect and receive\nany monies or other property payable or deliverable on any such claims and to\ndistribute the same, and (ii) any custodian, receiver, assignee, trustee,\nliquidator, sequestrator or other similar official in any such judicial\nproceeding is hereby authorized by each Lender to make such payments to the\nAdministrative Agent and, if the Administrative Agent shall consent to the\nmaking of such payments directly to the Lenders, to pay to the Administrative\nAgent any amount due for the reasonable compensation, expenses, disbursements\nand advances of the Administrative Agent and its agents and counsel, and any\nother amounts due the Administrative Agent under the Loan\nDocuments.  Nothing contained herein shall be deemed to authorize the\nAdministrative Agent to authorize or consent to or accept or adopt on behalf of\nany Lender any plan of reorganization, arrangement, adjustment or composition\naffecting the Obligations or the rights of any Lender or to authorize the\nAdministrative Agent to vote in respect of the claim of any Lender in any such\nproceeding.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-100-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n8.02.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Delegation of\nDuties</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  The\nAdministrative Agent may execute any of its duties under this Agreement and the\nother Loan Documents (including for purposes of holding or enforcing any Lien on\nthe Collateral (or any portion thereof) by or through agents, employees or\nattorneys-in-fact and shall be entitled to advice of counsel and other\nconsultants or experts concerning all matters pertaining to such\nduties.  The Administrative Agent shall not be responsible for the\nnegligence or misconduct of any agents or attorneys-in-fact selected by it with\nreasonable care.  The Administrative Agent may also from time to time,\nwhen the Administrative Agent deems it to be necessary or desirable, appoint one\nor more trustees, co-trustees, collateral co-agents, collateral subagents or\nattorneys-in-fact (each, a “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Subagent</font>”) with\nrespect to all or any part of the Collateral; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that no such\nSubagent shall be authorized to take any action with respect to any Collateral\nunless and except to the extent expressly authorized in writing by the\nAdministrative Agent.  Should any instrument in writing from the\nBorrower or any other Loan Party be required by any Subagent so appointed by the\nAdministrative Agent to more fully or certainly vest in and confirm to such\nSubagent such rights, powers, privileges and duties, the Borrower shall, or\nshall cause such Loan Party to, execute, acknowledge and deliver any and all\nsuch instruments promptly upon request by the Administrative\nAgent.  If any Subagent, or successor thereto, shall die, become\nincapable of acting, resign or be removed, all rights, powers, privileges and\nduties of such Subagent, to the extent permitted by law, shall automatically\nvest in and be exercised by the Administrative Agent until the appointment of a\nnew Subagent.  The Administrative Agent shall not be responsible for\nthe negligence or misconduct of any agent, attorney-in-fact or Subagent that it\nselects in accordance with the foregoing provisions of this Section 8.02 in the\nabsence of the Administrative Agent’s gross negligence or willful\nmisconduct.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n8.03.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exculpatory\nProvisions</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Neither\nany Agent or its Affiliates nor any of their respective officers, directors,\nemployees, agents, attorneys-in-fact or affiliates shall be (a) liable for any\naction lawfully taken or omitted to be taken by it or such Person under or in\nconnection with this Agreement or any other Loan Document (except to the extent\nthat any of the foregoing are found by a final and nonappealable decision of a\ncourt of competent jurisdiction to have resulted from its or such </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">person’s\nown gross negligence or willful misconduct) or (b) responsible in any manner to\nany of the Lenders for any recitals, statements, representations or warranties\nmade by any Loan Party or any officer thereof contained in this Agreement or any\nother Loan Document or in any certificate, report, statement or other document\nreferred to or provided for in, or received by the Agents under or in connection\nwith, this Agreement or any other Loan Document or for the value, validity,\neffectiveness, genuineness, enforceability or sufficiency of this Agreement or\nany other Loan Document or for any failure of any Loan Party a party thereto to\nperform its obligations hereunder or thereunder.  The Agents shall not\nbe under any obligation to any Lender to ascertain or to inquire as to the\nobservance or performance of any of the agreements contained in, or conditions\nof, this Agreement or any other Loan Document, or to inspect the properties,\nbooks or records of any Loan Party.  The Administrative Agent shall\nnot have any duties or obligations except those expressly set forth herein and\nin the other Loan Documents.  Without limiting the generality of the\nforegoing, (a) the Administrative Agent shall not be subject to any fiduciary or\nother implied duties, regardless of whether a Default or Event of Default has\noccurred and is continuing, and (b) the Administrative Agent shall not, except\nas expressly set forth herein and in the other Loan Documents, have any duty to\ndisclose, and shall not be liable for the failure to disclose, any information\nrelating to the Borrower or any of its Affiliates that is communicated to or\nobtained by the Person serving as the Administrative Agent or any of its\nAffiliates in any capacity.  The Administrative Agent shall be deemed\nnot to have knowledge of any Default or Event of Default unless and until\nwritten notice describing such Default or Event of Default is given to the\nAdministrative Agent by the Borrower or a Lender.  The Administrative\nAgent shall not be responsible for or have any duty to ascertain or inquire into\n(i) any statement, warranty or representation made in or in connection with this\nAgreement or any other Loan Document, (ii) the contents of any certificate,\nreport or other document delivered hereunder or thereunder or in connection\nherewith or therewith, (iii) the performance or observance of any of the\ncovenants, agreements or other terms or conditions set forth herein or therein\nor the occurrence of any Default or Event of Default, (iv) the validity,\nenforceability, effectiveness or genuineness of this Agreement, any other Loan\nDocument or any other agreement, instrument or document, or the creation,\nperfection or priority of any Lien purported to be created by the Security\nDocuments, (v) the value or the sufficiency of any Collateral, or (vi) the\nsatisfaction of any condition set forth in Article IV or elsewhere herein, other\nthan to confirm receipt of items expressly required to be delivered to the\nAdministrative Agent.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-101-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n8.04.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Reliance by Administrative\nAgent</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  The\nAdministrative Agent shall be entitled to rely upon, and shall not incur any\nliability for relying upon, any notice, request, certificate, consent,\nstatement, instrument, document or other writing (including any electronic\nmessage, Internet or intranet website posting or other distribution) or\nconversation believed by it to be genuine and to have been signed, sent or\notherwise authenticated by the proper person.  The Administrative\nAgent also may rely upon any statement made to it orally or by telephone and\nbelieved by it to have been made by the proper person, and shall not incur any\nliability for relying thereon.  In determining compliance with any\ncondition hereunder to the making of a Loan hereunder, that by its terms must be\nfulfilled to the satisfaction of a Lender, the Administrative Agent may presume\nthat such condition is satisfactory to such Lender unless the Administrative\nAgent shall have received notice to the contrary from such Lender prior to the\nmaking of such Loan.  The Administrative Agent may consult with legal\ncounsel (including counsel to the Borrower), independent accountants and other\nexperts selected by it, and shall not be liable for any action taken or not\ntaken by it in accordance with the advice of any such counsel, accountants or\nexperts.  The Administrative Agent may deem and treat the payee of any\nNote as the owner thereof for all purposes unless a written notice of\nassignment, negotiation or transfer thereof shall have been filed with the\nAdministrative Agent.  The Administrative Agent shall be fully\njustified in failing or refusing to take any action under this Agreement or any\nother Loan Document unless it shall first receive such advice or concurrence of\nthe Required Lenders (or, if so specified by this Agreement, all or other\nLenders) as it deems appropriate or it shall first be indemnified to its\nsatisfaction by the Lenders against any and all liability and expense that may\nbe incurred by it by reason of taking or continuing to take any such\naction.  The Administrative Agent shall in all cases be fully\nprotected in acting, or in refraining from acting, under this </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Agreement\nand the other Loan Documents in accordance with a request of the Required\nLenders (or, if so specified by this Agreement, all or other Lenders), and such\nrequest and any action taken or failure to act pursuant thereto shall be binding\nupon all the Lenders and all future holders of the Loans.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n8.05.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Notice of\nDefault</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  The\nAdministrative Agent shall not be deemed to have knowledge or notice of the\noccurrence of any Default or Event of Default unless the Administrative Agent\nhas received written notice from a Lender or the Borrower referring to this\nAgreement, describing such Default or Event of Default and stating that such\nnotice is a “notice of default.”  In the event that the Administrative\nAgent receives such a notice, the Administrative Agent shall give prompt notice\nthereof to the Lenders.  The Administrative Agent shall take such\naction with respect to such Default or Event of Default as shall be reasonably\ndirected by the Required Lenders (or, if so specified by this Agreement, all or\nother Lenders); <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that unless\nand until the Administrative Agent shall have received such directions, the\nAdministrative Agent may (but shall not be obligated to) take such action, or\nrefrain from taking such action, with respect to such Default or Event of\nDefault as it shall deem advisable in the best interests of the\nLenders.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n8.06.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Non-Reliance on Agents and\nOther Lenders</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Each\nLender expressly acknowledges that neither the Agents nor any of their\nrespective officers, directors, employees, agents, attorneys-in-fact or\naffiliates have made any representations or warranties to it and that no act by\nany Agent hereafter taken, including any review of the affairs of a Loan Party\nor any affiliate of a Loan Party, shall be deemed to constitute any\nrepresentation or warranty by any Agent to any Lender.  Each Lender\nrepresents to the Agents that it has, independently and without reliance upon\nany Agent or any other Lender, and based on such documents and information as it\nhas deemed appropriate, made its own appraisal of and investigation into the\nbusiness, operations, property, financial and other condition and\ncreditworthiness of the Loan Parties and their affiliates and made its own\ndecision to make its Loans hereunder and enter into this\nAgreement.  Each Lender also represents that it will, independently\nand without reliance upon any Agent or any other Lender, and based on such\ndocuments and information as it shall deem appropriate at the time, continue to\nmake its own credit analysis, appraisals and decisions in taking or not taking\naction under this Agreement and the other Loan Documents, and to make such\ninvestigation as it deems necessary to inform itself as to the business,\noperations, property, financial and other condition and creditworthiness of the\nLoan Parties and their affiliates.  Except for notices, reports and\nother documents expressly required to be furnished to the Lenders by the\nAdministrative Agent hereunder, the Administrative Agent shall not have any duty\nor responsibility to provide any Lender with any credit or other information\nconcerning the business, operations, property, condition (financial or\notherwise), prospects or creditworthiness of any Loan Party or any affiliate of\na Loan Party that may come into the possession of the Administrative Agent or\nany of its officers, directors, employees, agents, attorneys-in-fact or\naffiliates.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-102-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n8.07.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Indemnification</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  The\nLenders agree to indemnify each Agent in its capacity as such (to the extent not\nreimbursed by the Borrower and without limiting the obligation of the Borrower\nto do so), in the amount of its <font style=\"DISPLAY: inline; FONT-STYLE: italic\">pro rata</font> share (based on its\noutstanding Loans), from and against any and all liabilities, obligations,\nlosses, damages, penalties, actions, judgments, suits, costs, expenses or\ndisbursements of any kind whatsoever that may at any time (whether before or\nafter the payment of the Loans) be imposed on, incurred by or asserted against\nsuch Agent in any way relating to or arising out of the Commitments, this\nAgreement, any of the other Loan Documents (including, without limitation, the\nSenior Lender Intercreditor Agreement, the Second Priority Intercreditor\nAgreement and the Senior Fixed Lender Intercreditor Agreement) or any documents\ncontemplated by or referred to herein or therein or the transactions\ncontemplated hereby or thereby or any action taken or omitted by such Agent\nunder or in connection with any of the foregoing; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that no\nLender shall be liable for the payment of any portion of such liabilities,\nobligations, losses, damages, penalties, actions, judgments, suits, costs,\nexpenses </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">or\ndisbursements that are found by a final and nonappealable decision of a court of\ncompetent jurisdiction to have resulted from such Agent’s gross negligence or\nwillful misconduct.  The failure of any Lender to reimburse any Agent,\npromptly upon demand for its ratable share of any amount required to be paid by\nthe Lenders to such Agent as provided herein shall not relieve any other Lender\nof its obligation hereunder to reimburse such Agent for its ratable share of\nsuch amount, but no Lender shall be responsible for the failure of any other\nLender to reimburse such Agent for such other Lender’s ratable share of such\namount.  The agreements in this Section shall survive the payment of\nthe Loans and all other amounts payable hereunder.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n8.08.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Agent in Its Individual\nCapacity</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Each\nAgent and its affiliates may make loans to, accept deposits from, and generally\nengage in any kind of business with any Loan Party as though such Agent were not\nan Agent.  With respect to its Loans made or renewed by it, each Agent\nshall have the same rights and powers under this Agreement and the other Loan\nDocuments as any Lender and may exercise the same as though it were not an\nAgent, and the terms “Lender” and “Lenders” shall include each Agent in its\nindividual capacity.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n8.09.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Successor Administrative\nAgent</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  The\nAdministrative Agent may resign as Administrative Agent upon 10 days’ notice to\nthe Lenders and the Borrower.  If the Administrative Agent shall\nresign as Administrative Agent under this Agreement and the other Loan\nDocuments, then the Required Lenders shall appoint from among the Lenders a\nsuccessor agent for the Lenders, which successor agent shall (unless an Event of\nDefault under Section 7.01(b), (c), (h) or (i) shall have occurred and be\ncontinuing) be subject to approval by the Borrower (which approval shall not be\nunreasonably withheld or delayed), whereupon such successor agent shall succeed\nto the rights, powers and duties of the Administrative Agent, and the term\n“Administrative Agent” shall mean such successor agent effective upon such\nappointment and approval, and the former Administrative Agent’s rights, powers\nand duties as Administrative Agent shall be terminated, without any other or\nfurther act or deed on the part of such former Administrative Agent or any of\nthe parties to this Agreement or any holders of the Loans.  If no\nsuccessor agent has accepted appointment as Administrative Agent by the date\nthat is 10 days following a retiring Administrative Agent’s notice of\nresignation, the retiring Administrative Agent’s resignation shall nevertheless\nthereupon become effective, and the retiring Administrative Agent shall, on\nbehalf of the Lenders, appoint a successor agent which shall (unless an Event of\nDefault under Section 7.01(b), (c), (h) or (i) shall have occurred and be\ncontinuing) be subject to approval by the Borrower (which approval shall not be\nunreasonably withheld or delayed).  After any retiring Administrative\nAgent’s resignation as Administrative Agent, the provisions of this Section 8.09\nshall inure to its benefit as to any actions taken or omitted to be taken by it\nwhile it was Administrative Agent under this Agreement and the other Loan\nDocuments.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-103-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n8.10.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Agents and\nArrangers</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Neither\nthe Syndication Agent, the Documentation Agent nor any of the Joint Lead\nArrangers shall have any duties, obligations or responsibilities hereunder in\nits capacity as such.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">ARTICLE\nIX</font><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman\">Miscellaneous</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.01.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Notices;\nCommunications</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           Except\nin the case of notices and other communications expressly permitted to be given\nby telephone (and except as provided in Section 9.01(b) below), all notices and\nother communications provided for herein shall be in writing and shall be\ndelivered by hand or overnight courier service, mailed by certified or\nregistered mail or sent by telecopier as follows, and all notices and other\ncommuni</font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">cations\nexpressly permitted hereunder to be given by telephone shall be made to the\napplicable telephone number, as follows:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)       if\nto any Loan Party or to the Administrative Agent, to the address, telecopier\nnumber, electronic mail address or telephone number specified for such Person on\n<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Schedule 9.01</font>;\nand</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  if\nto any other Lender, to the address, telecopier number, electronic mail address\nor telephone number specified in its Administrative Questionnaire.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           Notices\nand other communications to the Lenders hereunder may be delivered or furnished\nby electronic communication (including e-mail and Internet or intranet websites)\npursuant to procedures approved by the Administrative Agent; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that the\nforegoing shall not apply to notices to any Lender pursuant to Article II if\nsuch Lender has notified the Administrative Agent that it is incapable of\nreceiving notices under such Article by electronic communication.  The\nAdministrative Agent or the Borrower may, in its discretion, agree to accept\nnotices and other communications to it hereunder by electronic communications\npursuant to procedures approved by it, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that\napproval of such procedures may be limited to particular notices or\ncommunications.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           Notices\nsent by hand or overnight courier service, or mailed by certified or registered\nmail, shall be deemed to have been given when received.  Notices sent\nby telecopier shall be deemed to have been given when sent (except that, if not\ngiven during normal business hours for the recipient, shall be deemed to have\nbeen given at the opening of business on the next business day for the\nrecipient).  Notices delivered through electronic communications to\nthe extent provided in Section 9.01(b) above shall be effective as provided in\nsuch Section 9.01(b).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-104-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           Any\nparty hereto may change its address or telecopy number for notices and other\ncommunications hereunder by notice to the other parties hereto.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           Documents\nrequired to be delivered pursuant to Section 5.04 (to the extent any such\ndocuments are included in materials otherwise filed with the SEC) may be\ndelivered electronically (including as set forth in Section 9.17) and if so\ndelivered, shall be deemed to have been delivered on the date (i) on which the\nBorrower posts such documents, or provides a link thereto on the Borrower’s\nwebsite on the Internet at the website address listed on <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Schedule 9.01</font>, or\n(ii) on which such documents are posted on the Borrower’s behalf on an Internet\nor intranet website, if any, to which each Lender and the Administrative Agent\nhave access (whether a commercial, third-party website or whether sponsored by\nthe Administrative Agent); <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that (A) the\nBorrower shall deliver paper copies of such documents to the Administrative\nAgent or any Lender that requests the Borrower to deliver such paper copies\nuntil a written request to cease delivering paper copies is given by the\nAdministrative Agent or such Lender, and (B) the Borrower shall notify the\nAdministrative Agent and each Lender (by telecopier or electronic mail) of the\nposting of any such documents and provide to the Administrative Agent by\nelectronic mail electronic versions (<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">i.e.</font>, soft copies) of\nsuch documents.  Notwithstanding anything contained herein, in every\ninstance the Borrower shall be required to provide paper copies of the\ncertificates required by Section 5.04(c) to the Administrative\nAgent.  Except for such certificates required by Section 5.04(c), the\nAdministrative Agent shall have no obligation to request the delivery or to\nmaintain copies of the documents referred to above, and in any event shall have\nno responsibility to monitor compliance by the Borrower with any such request\nfor delivery, and each Lender shall be solely responsible for requesting\ndelivery to it or maintaining its copies of such documents.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.02.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Survival of\nAgreement</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Except\nas provided in Section 5.12(e), all covenants, agreements, representations and\nwarranties made by the Loan Parties herein, in the other Loan </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Documents\nand in the certificates or other instruments prepared or delivered in connection\nwith or pursuant to this Agreement or any other Loan Document shall be\nconsidered to have been relied upon by the Lenders and shall survive the making\nby the Lenders of the Loans and the execution and delivery of the Loan\nDocuments, regardless of any investigation made by such persons or on their\nbehalf, and shall continue in full force and effect as long as the principal of\nor any accrued interest on any Loan or any Fee or any other amount payable under\nthis Agreement or any other Loan Document is outstanding and\nunpaid.  Without prejudice to the survival of any other agreements\ncontained herein, indemnification and reimbursement obligations contained herein\n(including pursuant to Sections 2.15, 2.17 and 9.05) shall survive the payment\nin full of the principal and interest hereunder, and the termination of the\nCommitments or this Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.03.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Binding\nEffect</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  This\nAgreement shall become effective when it shall have been executed by the\nBorrower and the Administrative Agent and when the Administrative Agent shall\nhave been notified by each Lender (or otherwise received evidence satisfactory\nto the Administrative Agent) that such Lender has executed it and thereafter\nshall be binding upon and inure to the benefit of the Borrower, the\nAdministrative Agent and each Lender and their respective permitted successors\nand assigns.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.04.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Successors and\nAssigns</font></font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           The\nprovisions of this Agreement shall be binding upon and inure to the benefit of\nthe parties hereto and their respective successors and assigns permitted hereby,\nexcept that (i) the Borrower may not assign or otherwise transfer any of its\nrights or obligations hereunder without the prior written consent of each Lender\n(and any attempted assignment or transfer by the Borrower without such consent\nshall be null and void) and (ii) no Lender may assign or otherwise transfer its\nrights or obligations hereunder except in accordance with this\nSection 9.04.  Nothing in this Agreement, expressed or implied,\nshall be construed to confer upon any Person (other than the parties hereto,\ntheir respective successors and assigns permitted hereby, Participants (to the\nextent provided in paragraph (c) of this Section 9.04), and, to the\nextent expressly contemplated hereby, the Related Parties of each of the Agents\nand the Lenders) any legal or equitable right, remedy or claim under or by\nreason of this Agreement or the other Loan Documents.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-105-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           (i)  Subject\nto the conditions set forth in paragraph (b)(ii) below, any Lender may\nassign to one or more assignees (each, an “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Assignee</font>”) all or a\nportion of its rights and obligations under this Agreement (including all or a\nportion of its Commitments and the Loans at the time owing to it) with the prior\nwritten consent of: (A) prior to the Rollover Date, the Borrower with respect to\nany assignment if, subsequent thereto, any Lenders on the Closing Date\n(including any Affiliates that are reasonably acceptable to the Borrower) would\nhold, individually, less than 50.1% of the outstanding Loans originally held by\nsuch Lender on the Closing Date; and (B) the Administrative Agent; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that no\nconsent of the Administrative Agent shall be required for an assignment of all\nor any portion of a Loan to a Lender, an Affiliate of a Lender or an Approved\nFund.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  Assignments\nshall be subject to the following additional conditions:</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(A)           except\nin the case of an assignment to a Lender, an Affiliate of a Lender or an\nApproved Fund or an assignment of the entire remaining amount of the assigning\nLender’s Commitments or Loans under any Facility, the amount of the Commitments\nor Loans of the assigning Lender subject to each such assignment (determined as\nof the date the Assignment and Acceptance with respect to such assignment is\ndelivered to the Administrative Agent) shall not be less than $1.0 million,\nunless each of the Borrower and the Administrative Agent otherwise consent;\n<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that\n(1) no such consent of the Borrower shall be required if an Event of Default\n</font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">under\nSections 7.01(b), (c), (h) or (i) has occurred and is continuing and (2) such\namounts shall be aggregated in respect of each Lender and its Affiliates or\nApproved Funds (with simultaneous assignments to or by two or more Related Funds\nshall be treated as one assignment), if any;</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(B)           the\nparties to each assignment shall execute and deliver to the Administrative Agent\nan Assignment and Acceptance via an electronic settlement system acceptable to\nthe Administrative Agent (or, if previously agreed with the Administrative\nAgent, manually), and shall pay to the Administrative Agent a processing and\nrecordation fee<font style=\"DISPLAY: inline; FONT-WEIGHT: bold\"> </font>of\n$3,500 (which fee may be waived or reduced in the sole discretion of the\nAdministrative Agent);</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(C)           the\nAssignee, if it shall not be a Lender, shall deliver to the Administrative Agent\nan Administrative Questionnaire and all applicable tax forms; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(D)           \nthe Assignee shall not be the Borrower, any of the Borrower’s Affiliates or its\nSubsidiaries.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">For the\npurposes of this Section 9.04, “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Approved Fund</font>” means\nany Person (other than a natural person) that is engaged in making, purchasing,\nholding or investing in bank loans and similar extensions of credit in the\nordinary course and that is administered or managed by (a) a Lender, (b) an\nAffiliate of a Lender or (c) an entity or an Affiliate of an entity that\nadministers or manages a Lender.  Notwithstanding the foregoing, no\nLender shall be permitted to assign or transfer any portion of its rights and\nobligations under this Agreement to an Ineligible Institution without the prior\nwritten consent of the Borrower.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 90pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iii)                  Subject\nto acceptance and recording thereof pursuant to paragraph (b)(v) below,\nfrom and after the effective date specified in each Assignment and Acceptance\nthe Assignee thereunder shall be a party hereto and, to the extent of the\ninterest assigned by such Assignment and Acceptance, have the rights and\nobligations of a Lender under this Agreement, and the assigning Lender\nthereunder shall, to the extent of the interest assigned by such Assignment and\nAcceptance, be released from its obligations under this Agreement (and, in the\ncase of an Assignment and Acceptance covering all of the assigning Lender’s\nrights and obligations under this Agreement, such Lender shall cease to be a\nparty hereto but shall continue to be entitled to the benefits of Sections 2.15,\n2.16, 2.17 and 9.05).  Any assignment or transfer by a Lender of\nrights or obligations under this Agreement that does not comply with this\nSection 9.04 shall be treated for purposes of this Agreement as a sale by\nsuch Lender of a participation in such rights and obligations in accordance with\nparagraph (c) of this Section 9.04.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 90pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-106-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 90pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 90pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iv)                  The\nAdministrative Agent, acting for this purpose as an agent of the Borrower, shall\nmaintain at one of its offices a copy of each Assignment and Acceptance\ndelivered to it and a register for the recordation of the names and addresses of\nthe Lenders, and the Commitments of, and principal amount of the Loans owing to,\neach Lender pursuant to the terms hereof from time to time (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Register</font>”).  The\nentries in the Register shall be conclusive, and the Borrower, the\nAdministrative Agent and the Lenders may treat each Person whose name is\nrecorded in the Register pursuant to the terms hereof as a Lender hereunder for\nall purposes of this Agreement, notwithstanding notice to the\ncontrary.  The Register shall be available for inspection by the\nBorrower and any Lender, at any reasonable time and from time to time upon\nreasonable prior notice.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 90pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(v)                  Upon\nits receipt of a duly completed Assignment and Acceptance executed by an\nassigning Lender and an Assignee, the Assignee’s completed Administrative\nQuestionnaire (unless the Assignee shall already be a Lender hereunder), all\napplicable tax forms, the processing and recordation fee referred to in\nparagraph (b) of this Section and any written consent to such assignment\nrequired by paragraph (b) of this Section, the Administrative Agent shall\npromptly accept such Assignment and Acceptance and record the information\ncontained therein in the Register.  No assignment, whether or not\n</font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">evidenced\nby a promissory note, shall be effective for purposes of this Agreement unless\nit has been recorded in the Register as provided in this\nparagraph (b)(v).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           (ii)  Any\nLender may, without the consent of the Borrower or the Administrative Agent,\nsell participations to one or more banks or other entities (a “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Participant</font>”) in all\nor a portion of such Lender’s rights and obligations under this Agreement\n(including all or a portion of its Commitments and the Loans owing to it); <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that (A)\nsuch Lender’s obligations under this Agreement shall remain unchanged, (B) such\nLender shall remain solely responsible to the other parties hereto for the\nperformance of such obligations and (C) the Borrower, the Administrative Agent\nand the other Lenders shall continue to deal solely and directly with such\nLender in connection with such Lender’s rights and obligations under this\nAgreement.  Any agreement pursuant to which a Lender sells such a\nparticipation shall provide that such Lender shall retain the sole right to\nenforce this Agreement and the other Loan Documents and to approve any\namendment, modification or waiver of any provision of this Agreement and the\nother Loan Documents; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that (x)\nsuch agreement may provide that such Lender will not, without the consent of the\nParticipant, agree to any amendment, modification or waiver that (1) requires\nthe consent of each Lender directly affected thereby pursuant to\nSection 9.04(a)(i) or clauses (i), (ii), (iii), (iv), (v) or (vi) of\nthe first proviso to Section 9.08(b) and (2) directly affects such\nParticipant and (y) no other agreement with respect to amendment, modification\nor waiver may exist between such Lender and such Participant.  Subject\nto paragraph (c)(ii) of this Section 9.04, the Borrower agrees that\neach Participant shall be entitled to the benefits of Sections 2.15, 2.16 and\n2.17 to the same extent as if it were a Lender and had acquired its interest by\nassignment pursuant to paragraph (b) of this\nSection 9.04.  To the extent permitted by law, each Participant\nalso shall be entitled to the benefits of Section 9.06 as though it were a\nLender, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> such\nParticipant agrees to be subject to Section 2.18(c) as though it were a\nLender.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 90pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  A\nParticipant shall not be entitled to receive any greater payment under\nSection 2.15, 2.16 or 2.17 than the applicable Lender would have been\nentitled to receive with respect to the participation sold to such Participant,\nunless the sale of the participation to such Participant is made with the\nBorrower’s prior written consent.  A Participant shall not be entitled\nto the benefits of Section 2.17 to the extent such Participant fails to\ncomply with Section 2.17(e) and (f) as though it were a\nLender.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-107-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           Any\nLender may at any time pledge or assign a security interest in all or any\nportion of its rights under this Agreement to secure obligations of such Lender,\nincluding any pledge or assignment to secure obligations to a Federal Reserve\nBank, and this Section 9.04 shall not apply to any such pledge or\nassignment of a security interest; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that no such\npledge or assignment of a security interest shall release a Lender from any of\nits obligations hereunder or substitute any such pledgee or Assignee for such\nLender as a party hereto.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           The\nBorrower, upon receipt of written notice from the relevant Lender, agrees to\nissue Notes to any Lender requiring Notes to facilitate transactions of the type\ndescribed in paragraph (d) above.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(f)           Notwithstanding\nthe foregoing, any Conduit Lender may assign any or all of the Loans it may have\nfunded hereunder to its designating Lender without the consent of the Borrower\nor the Administrative Agent.  Each of the Borrower, each Lender and\nthe Administrative Agent hereby confirms that it will not institute against a\nConduit Lender or join any other Person in instituting against a Conduit Lender\nany bankruptcy, reorganization, arrangement, insolvency or liquidation\nproceeding under any state bankruptcy or similar law, for one year and one day\nafter the payment in full of the latest maturing commercial paper note issued by\nsuch Conduit Lender; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that each\nLender designating any Conduit Lender hereby agrees to indemnify, save and hold\nharmless each other party hereto and each Loan Party for any loss, cost, damage\nor expense arising out of its inability to institute such a proceeding against\nsuch Conduit Lender during such period of forbearance.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(g)           If\nthe Borrower wishes to replace the Loans or Commitments under any Facility with\nones having different terms, it shall have the option, with the consent of the\nAdministrative Agent and subject to at least three Business Days’ advance notice\nto the Lenders under such Facility, instead of prepaying the Loans or reducing\nor terminating the Commitments to be replaced, to (i) require the Lenders under\nsuch Facility to assign such Loans or Commitments to the Administrative Agent or\nits designees and (ii) amend the terms thereof in accordance with\nSection 9.08 (with such replacement, if applicable, being deemed to have\nbeen made pursuant to Section 9.08(d)).  Pursuant to any such\nassignment, all Loans and Commitments to be replaced shall be purchased at par\n(allocated among the Lenders under such Facility in the same manner as would be\nrequired if such Loans were being optionally prepaid or such Commitments were\nbeing optionally reduced or terminated by the Borrower), accompanied by payment\nof any accrued interest and fees thereon and any other amounts owing pursuant to\nSection 9.05(b).  By receiving such purchase price, the Lenders\nunder such Facility shall automatically be deemed to have assigned the Loans or\nCommitments under such Facility pursuant to the terms of the form of Assignment\nand Acceptance attached hereto as <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Exhibit A</font>, and\naccordingly no other action by such Lenders shall be required in connection\ntherewith.  The provisions of this paragraph (g) are intended to\nfacilitate the maintenance of the perfection and priority of existing security\ninterests in the Collateral during any such replacement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(h)           Notwithstanding\nthe foregoing, no assignment may be made to an Ineligible Institution without\nthe prior written consent of the Borrower.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.05.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Expenses;\nIndemnity</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           The\nBorrower agrees to pay (i) all reasonable out-of-pocket expenses (including\nOther Taxes) incurred by the Administrative Agent in connection with the\npreparation of this Agreement and the other Loan Documents, or by the\nAdministrative Agent in connection with the syndication of the Commitments or\nthe administration of this Agreement (including expenses incurred in connection\nwith due diligence and initial and ongoing Collateral examination to the extent\nincurred with the reasonable prior approval of the Borrower and the reasonable\nfees, disbursements and charges for no more than one counsel in each\njurisdiction where Collateral is located) or in connection with the\nadministration of this Agreement and any amendments, modifications or waivers of\nthe provisions hereof or thereof (whether or not the Transactions hereby\ncontemplated shall be consummated), including the reasonable fees, charges and\ndisbursements of Cahill Gordon & Reindel <font style=\"DISPLAY: inline; FONT-SIZE: 10pt\">LLP</font>, counsel for the\nAdministrative Agent and the Joint Lead Arrangers, and, if necessary, the\nreasonable fees, charges and disbursements of one local counsel per\njurisdiction, and (ii) all out-of-pocket expenses (including Other Taxes)\nincurred by the Administrative Agent or any Lender in connection with the\nenforcement or protection of their rights in connection with this Agreement and\nthe other Loan Documents, in connection with the Loans made hereunder, including\nthe fees, charges and disbursements of counsel for the Administrative Agent\n(including any special and local counsel).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-108-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           The\nBorrower agrees to indemnify the Administrative Agent, the Agents, the Joint\nLead Arrangers, each Lender, each of their respective Affiliates and each of\ntheir respective directors, trustees, officers, employees, agents, trustees and\nadvisors (each such Person being called an “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Indemnitee</font>”) against,\nand to hold each Indemnitee harmless from, any and all losses, claims, damages,\nliabilities and related expenses, including reasonable counsel fees, charges and\ndisbursements (except the allocated costs of in-house counsel), incurred by or\nasserted against any Indemnitee arising out of, in any way connected with, or as\na result of (i) the execution or delivery of this Agreement or any other Loan\nDocument (including, without limitation, the Senior Lender Intercreditor\nAgreement, the Second Priority Intercreditor Agreement and the Senior Fixed\nLender Intercreditor Agreement) or any agreement or instrument contemplated\nhereby or thereby, the performance by the parties hereto and thereto of their\nrespective obligations thereunder or the consummation of the Transactions and\nthe other transactions con</font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">templated\nhereby, (ii) the use of the proceeds of the Loans, or (iii) any claim,\nlitigation, investigation or proceeding relating to any of the foregoing,\nwhether or not any Indemnitee is a party thereto and regardless of whether such\nmatter is initiated by a third party or by the Borrower or any of their\nsubsidiaries or Affiliates; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that such\nindemnity shall not, as to any Indemnitee, be available to the extent that such\nlosses, claims, damages, liabilities or related expenses are determined by a\nfinal, non-appealable judgment of a court of competent jurisdiction to have\nresulted from the gross negligence or willful misconduct of such Indemnitee (for\npurposes of this proviso only, each of the Administrative Agent, the Joint Lead\nArrangers or any Lender shall be treated as several and separate\nIndemnitees).  Subject to and without limiting the generality of the\nforegoing sentence, the Borrower agrees to indemnify each Indemnitee against,\nand hold each Indemnitee harmless from, any and all losses, claims, damages,\nliabilities and related expenses, including reasonable counsel or consultant\nfees, charges and disbursements (limited to not more than one counsel, plus, if\nnecessary, one local counsel per jurisdiction) (except the allocated costs of\nin-house counsel), incurred by or asserted against any Indemnitee arising out\nof, in any way connected with, or as a result of (A) any claim related in any\nway to Environmental Laws and the Borrower or any of their Subsidiaries, or (B)\nany actual or alleged presence, Release or threatened Release of Hazardous\nMaterials at, under, on or from any Property; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font> that such\nindemnity shall not, as to any Indemnitee, be available to the extent that such\nlosses, claims, damages, liabilities or related expenses are determined by a\ncourt of competent jurisdiction by final and nonappealable judgment to have\nresulted from the gross negligence or willful misconduct of such\nIndemnitee.  None of the Indemnitees (or any of their respective\naffiliates) shall be responsible or liable to the Funds, the Borrower or any of\ntheir respective subsidiaries, Affiliates or stockholders or any other Person or\nentity for any special, indirect, consequential or punitive damages, which may\nbe alleged as a result of the Facilities or the Transactions.  The\nprovisions of this Section 9.05 shall remain operative and in full force\nand effect regardless of the expiration of the term of this Agreement, the\nconsummation of the transactions contemplated hereby, the repayment of any of\nthe Obligations, the invalidity or unenforceability of any term or provision of\nthis Agreement or any other Loan Document, or any investigation made by or on\nbehalf of the Administrative Agent or any Lender.  All amounts due\nunder this Section 9.05 shall be payable on written demand therefor\naccompanied by reasonable documentation with respect to any reimbursement,\nindemnification or other amount requested.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-109-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           Except\nas expressly provided in Section 9.05(a) with respect to Other Taxes, which\nshall not be duplicative with any amounts paid pursuant to Section 2.17,\nthis Section 9.05 shall not apply to Taxes.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           To\nthe fullest extent permitted by applicable law, the Borrower shall not assert,\nand hereby waive, any claim against any Indemnitee, on any theory of liability,\nfor special, indirect, consequential or punitive damages (as opposed to direct\nor actual damages) arising out of, in connection with, or as a result of, this\nAgreement, any other Loan Document or any agreement or instrument contemplated\nhereby, the transactions contemplated hereby or thereby, any Loan or Letter of\nCredit or the use of the proceeds thereof.  No Indemnitee shall be\nliable for any damages arising from the use by unintended recipients of any\ninformation or other materials distributed by it through telecommunications,\nelectronic or other information transmission systems in connection with this\nAgreement or the other Loan Documents or the transactions contemplated hereby or\nthereby.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           The\nagreements in this Section 9.05 shall survive the resignation of the\nAdministrative Agent, the replacement of any Lender, the termination of the\nCommitments and the repayment, satisfaction or discharge of all the other\nObligations and the termination of this Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.06.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Right of\nSet-off</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  If\nan Event of Default shall have occurred and be continuing, each Lender is hereby\nauthorized at any time and from time to time, to the fullest extent permitted by\nlaw, to set off and apply any and all deposits (general or special, time or\ndemand, provisional or </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">final) at\nany time held and other indebtedness at any time owing by such Lender to or for\nthe credit or the account of the Borrower or any Subsidiary against any of and\nall the obligations of the Borrower now or hereafter existing under this\nAgreement or any other Loan Document held by such Lender, irrespective of\nwhether or not such Lender shall have made any demand under this Agreement or\nsuch other Loan Document and although the obligations may be\nunmatured.  The rights of each Lender under this Section 9.06 are\nin addition to other rights and remedies (including other rights of set-off)\nthat such Lender may have.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.07.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Applicable\nLaw</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  THIS\nAGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN LETTERS OF CREDIT AND AS\nEXPRESSLY SET FORTH IN OTHER LOAN DOCUMENTS) SHALL BE CONSTRUED IN ACCORDANCE\nWITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO\nPRINCIPLES OF CONFLICTS OF LAW.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.08.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Waivers;\nAmendment</font></font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           No\nfailure or delay of the Administrative Agent or any Lender in exercising any\nright or power hereunder or under any Loan Document shall operate as a waiver\nthereof, nor shall any single or partial exercise of any such right or power, or\nany abandonment or discontinuance of steps to enforce such a right or power,\npreclude any other or further exercise thereof or the exercise of any other\nright or power.  The rights and remedies of the Administrative\nAgent  and the Lenders hereunder and under the other Loan Documents\nare cumulative and are not exclusive of any rights or remedies that they would\notherwise have.  No waiver of any provision of this Agreement or any\nother Loan Document or consent to any departure by the Borrower or any other\nLoan Party therefrom shall in any event be effective unless the same shall be\npermitted by paragraph (b) below, and then such waiver or consent shall be\neffective only in the specific instance and for the purpose for which\ngiven.  No notice or demand on the Borrower or any other Loan Party in\nany case shall entitle such Person to any other or further notice or demand in\nsimilar or other circumstances.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-110-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           Neither\nthis Agreement nor any other Loan Document nor any provision hereof or thereof\nmay be waived, amended or modified except (x) in the case of this Agreement,\npursuant to an agreement or agreements in writing entered into by the Borrower\nand the Required Lenders, and (y) in the case of any other Loan Document,\npursuant to an agreement or agreements in writing entered into by each party\nthereto and the Administrative Agent (or, in the case of any Security Documents,\nthe Collateral Agent if so provided therein) and consented to by the Required\nLenders; <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">however</font>, that no such\nagreement shall</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(i)       decrease\nor forgive the principal amount of, or extend the final maturity of, or decrease\nthe rate of interest on, any Loan or extend the Rollover Date or the Rollover\nLoan Maturity Date of any Rollover Loans, without the prior written consent of\neach Lender directly affected thereby,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(ii)                  increase\nor extend the Commitment of any Lender or decrease the Fees or other fees of any\nLender without the prior written consent of such Lender (it being understood\nthat waivers or modifications of conditions precedent, covenants, Defaults or\nEvents of Default or of a mandatory reduction in the aggregate Commitments shall\nnot constitute an increase of the Commitments of any Lender),</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iii)                  extend\nany date on which payment of interest on any Loan or any Fees is due, without\nthe prior written consent of each Lender adversely affected\nthereby,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(iv)                  amend\nthe provisions of Section 6.02 of the Collateral Agreement in a manner that\nwould by its terms alter the <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">pro</font> <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">rata</font><font style=\"DISPLAY: inline; FONT-STYLE: italic\"> </font>sharing of payments\nrequired thereby, without the prior written consent of each Lender adversely\naffected thereby,</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(v)                  amend\nor modify the provisions of this Section 9.08 or the definition of the term\n“Required Lenders” or any other provision hereof specifying the number or\npercentage of Lenders required to waive, amend or modify any rights hereunder or\nmake any determination or grant any consent hereunder, without the prior written\nconsent of each Lender adversely affected thereby (it being understood that,\nwith the consent of the Required Lenders, additional extensions of credit\npursuant to this Agreement may be included in the determination of the Required\nLenders on substantially the same basis as the Loans and Commitments are\nincluded on the Closing Date),</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(vi)                  release\nall or substantially all the Collateral or release any of the Borrower or all or\nsubstantially all of the Subsidiary Loan Parties from their respective\nGuarantees under the Collateral Agreement, unless, in the case of a Subsidiary\nLoan Party, all or substantially all the Equity Interests of such Subsidiary\nLoan Party is sold or otherwise disposed of in a transaction permitted by this\nAgreement, without the prior written consent of each Lender; and</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(vii)                  [Reserved];</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"><font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">further</font>, that no such\nagreement shall amend, modify or otherwise affect the rights or duties of the\nAdministrative Agent hereunder without the prior written consent of the\nAdministrative Agent acting as such at the effective date of such agreement, as\napplicable. Each Lender shall be bound by any waiver, amendment or modification\nauthorized by this Section 9.08 and any consent by any Lender pursuant to\nthis Section 9.08 shall bind any assignee of such Lender.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-111-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(c)           Without\nthe consent of the Syndication Agent, the Documentation Agent or any Joint Lead\nArranger or Lender, the Loan Parties and the Administrative Agent may (in their\nrespective sole discretion, or shall, to the extent required by any Loan\nDocument) enter into any amendment, modification or waiver of any Loan Document,\nor enter into any new agreement or instrument, to effect the granting,\nperfection, protection, expansion or enhancement of any security interest in any\nCollateral or additional property to become Collateral for the benefit of the\nSecured Parties, or as required by local law to give effect to, or protect any\nsecurity interest for the benefit of the Secured Parties, in any property or so\nthat the security interests therein comply with applicable law.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(d)           Prior\nto the Rollover Date, the Exchange Notes Indenture and the Registration Rights\nAgreement may be amended or modified pursuant to an agreement or agreements\nentered into by the Borrower and the Administrative Agent without the consent of\nany Lenders; provided that (I) no such agreement may amend or modify any\nprovision thereof which, had the Exchange Notes been outstanding, would have\nrequired the consent or approval of holders of a majority in principal amount of\nExchange Notes, unless the approval of the Required Lenders is obtained, and\n(II)  no such agreement may amend or modify any provision thereof\nwhich, had Exchange Notes been outstanding, would have required the consent or\napproval of each holder of Exchange Notes or each holder of Exchange Notes so\naffected, unless the written approval of each Lender or each Lender so affected,\nas applicable, is obtained.  From and after the Rollover Date, the\nExchange Notes Indenture may be waived, amended or modified only in accordance\nwith its terms.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(e)           Notwithstanding\nthe foregoing, this Agreement may be amended (or amended and restated) with the\nwritten consent of the Required Lenders, the Administrative Agent and the\nBorrower (a) to add one or more additional credit facilities to this Agreement\nand to permit the extensions of</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">--</font></div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-112-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">credit\nfrom time to time outstanding thereunder and the accrued interest and fees in\nrespect thereof to share ratably in the benefits of this Agreement and the other\nLoan Documents with the Loans and the accrued interest and fees in respect\nthereof and (b) to include appropriately the Lenders holding such credit\nfacilities in any determination of the Required Lenders.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(f)           Notwithstanding\nanything to the contrary, this Agreement and the Loan Documents shall be amended\n(or amended and restated) with the consent of the Administrative Agent (not to\nbe unreasonably withheld) and the Borrower, and without notice to or the consent\nof any Lender, in order to effect the provisions of Sections 2.01(d), 5.13, 6.02\nand  9.21 hereof</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.09.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Interest Rate\nLimitation</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Notwithstanding\nanything herein to the contrary, if at any time the applicable interest rate,\ntogether with all fees and charges that are treated as interest under applicable\nlaw (collectively, the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Charges</font>”), as\nprovided for herein or in any other document executed in connection herewith, or\notherwise contracted for, charged, received, taken or reserved by any Lender,\nshall exceed the maximum lawful rate (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Maximum Rate</font>”) that\nmay be contracted for, charged, taken, received or reserved by such Lender in\naccordance with applicable law, the rate of interest payable hereunder, together\nwith all Charges payable to such Lender, shall be limited to the Maximum Rate;\n<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">provided</font>, that\nsuch excess amount shall be paid to such Lender on subsequent payment dates to\nthe extent not exceeding the legal limitation.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.10.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Entire\nAgreement</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  This\nAgreement, the other Loan Documents and the agreements regarding certain Fees\nreferred to herein constitute the entire contract between the parties relative\nto the subject matter hereof.  Any previous agreement among or\nrepresentations from the parties or their Affiliates with respect to the subject\nmatter hereof is superseded by this Agreement and the other Loan\nDocuments.  Notwithstanding the foregoing, the Fee Letter shall\nsurvive the execution and delivery of this Agreement and remain in full force\nand effect.  Nothing in this Agreement or in the other Loan Documents,\nexpressed or implied, is intended to confer upon any party other than the\nparties hereto and thereto any rights, remedies, obligations or liabilities\nunder or by reason of this Agreement or the other Loan Documents.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-113-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.11.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">WAIVER OF JURY\nTRIAL</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  EACH\nPARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,\nANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY\nOR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY\nOF THE OTHER LOAN DOCUMENTS.  EACH PARTY HERETO (A) CERTIFIES THAT NO\nREPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY\nOR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK\nTO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER\nPARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN\nDOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND\nCERTIFICATIONS IN THIS SECTION 9.11.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.12.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Severability</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  In\nthe event any one or more of the provisions contained in this Agreement or in\nany other Loan Document should be held invalid, illegal or unenforceable in any\nrespect, the validity, legality and enforceability of the remaining provisions\ncontained herein and therein shall not in any way be affected or impaired\nthereby.  The parties shall endeavor in good-faith negotiations to\nreplace the invalid, illegal or unenforceable provisions with valid provisions\nthe economic effect of which comes as close as possible to that of the invalid,\nillegal or unenforceable provisions.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.13.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Counterparts</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  This\nAgreement may be executed in two or more counterparts, each of which shall\nconstitute an original but all of which, when taken together, shall constitute\n</font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">but one\ncontract, and shall become effective as provided in\nSection 9.03.  Delivery of an executed counterpart to this\nAgreement by facsimile transmission (or other electronic transmission pursuant\nto procedures approved by the Administrative Agent) shall be as effective as\ndelivery of a manually signed original.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.14.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Headings</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Article\nand Section headings and the Table of Contents used herein are for convenience\nof reference only, are not part of this Agreement and are not to affect the\nconstruction of, or to be taken into consideration in interpreting, this\nAgreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.15.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Jurisdiction; Consent to\nService of Process</font></font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(a)           Each\nof the parties hereto hereby irrevocably and unconditionally submits, for itself\nand its property, to the nonexclusive jurisdiction of any New York State court\nor federal court of the United States of America sitting in New York City, and\nany appellate court from any thereof (collectively, “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">New York Courts</font>”), in\nany action or proceeding arising out of or relating to this Agreement or the\nother Loan Documents, or for recognition or enforcement of any judgment, and\neach of the parties hereto hereby irrevocably and unconditionally agrees that\nall claims in respect of any such action or proceeding may be heard and\ndetermined in such New York State or, to the extent permitted by law, in such\nfederal court.  Each of the parties hereto agrees that a final\njudgment in any such action or proceeding shall be conclusive and may be\nenforced in other jurisdictions by suit on the judgment or in any other manner\nprovided by law.  Nothing in this Agreement shall affect any right\nthat any party may otherwise have to bring any action or proceeding relating to\nthis Agreement or any of the other Loan Documents in the courts of any\njurisdiction, except that each of the Loan Parties agrees that (a) it will not\nbring any such action or proceeding in any court other than New York Courts (it\nbeing acknowledged and agreed by the parties hereto that any other forum would\nbe inconvenient and inappropriate in view of the fact that more of the Lenders\nwho would be affected by any such action or proceeding have contacts with the\nState of New York than any other jurisdiction), and (b) in any such action or\nproceeding brought against any Loan Party in any other court, it will not assert\nany cross-claim, counterclaim or setoff, or seek any other affirmative relief,\nexcept to the extent that the failure to assert the same will preclude such Loan\nParty from asserting or seeking the same in the New York Courts.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-114-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(b)           Each\nof the parties hereto hereby irrevocably and unconditionally waives, to the\nfullest extent it may legally and effectively do so, any objection which it may\nnow or hereafter have to the laying of venue of any suit, action or proceeding\narising out of or relating to this Agreement or the other Loan Documents in any\nNew York State or federal court.  Each of the parties hereto hereby\nirrevocably waives, to the fullest extent permitted by law, the defense of an\ninconvenient forum to the maintenance of such action or proceeding in any such\ncourt.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.16.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Confidentiality</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Each\nof the Lenders and each of the Agents agrees that it shall maintain in\nconfidence any information relating to the Borrower and any Subsidiary furnished\nto it by or on behalf of the Borrower or any Subsidiary (other than information\nthat (a) has become generally available to the public other than as a result of\na disclosure by such party, (b) has been independently developed by such Lender\nor such Agent without violating this Section 9.16 or (c) was available to\nsuch Lender or such Agent from a third party that, to such Person’s knowledge,\nis not in breach of the confidentiality provisions) and shall not reveal the\nsame other than to its directors, trustees, officers, employees and advisors\nwith a need to know or to any Person that approves or administers the Loans on\nbehalf of such Lender (so long as each such Person shall have been instructed to\nkeep the same confidential in accordance with this Section 9.16),\nexcept:  (A) to the extent necessary to comply with law or any legal\nprocess or the requirements of any Governmental Authority, the National\nAssociation of Insurance Commissioners or of any securities exchange on which\nsecurities of the disclosing party or any Affiliate of the disclosing party are\nlisted or traded, (B) as part of normal reporting or review procedures to, or\nexamina</font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">tions by,\nGovernmental Authorities or self-regulatory authorities, including the National\nAssociation of Insurance Commissioners or the National Association of Securities\nDealers, Inc., (C) to its parent companies, Affiliates or auditors (so long as\neach such Person shall have been instructed to keep the same confidential in\naccordance with this Section 9.16), (D) in order to enforce its rights\nunder any Loan Document in a legal proceeding, (E) to any pledge under\nSection 9.04(d) or any other prospective assignee of, or prospective\nParticipant in, any of its rights under this Agreement (so long as such Person\nshall have been instructed to keep the same confidential in accordance with this\nSection 9.16 or other provisions at least as restrictive as Section 9.16)\nand (F) to any direct or indirect contractual counterparty in Swap Agreements or\nsuch contractual counterparty’s professional advisor (so long as such\ncontractual counterparty or professional advisor to such contractual\ncounterparty agrees to be bound by the provisions of this Section 9.16 or\nother provisions at least as restrictive).</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.17.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Platform; Borrower\nMaterials</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  The\nBorrower hereby acknowledges that (a) the Administrative Agent and/or the Joint\nLead Arrangers will make available to the Lenders materials and/or information\nprovided by or on behalf of the Borrower hereunder (collectively, “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Borrower Materials</font>”)\nby posting the Borrower Materials on IntraLinks or another similar electronic\nsystem (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Platform</font>”), and (b)\ncertain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not\nwish to receive material non-public information with respect to the Borrower or\nits securities) (each, a “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Public\nLender</font>”).  The Borrower hereby agrees that it will use\ncommercially reasonable efforts to identify that portion of the Borrower\nMaterials that may be distributed to the Public Lenders and that (i) all such\nBorrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at\na minimum, shall mean that the word “PUBLIC” shall appear prominently on the\nfirst page thereof, (ii) by marking Borrower Materials “PUBLIC,” the Borrower\nshall be deemed to have authorized the Administrative Agent, the Joint Lead\nArrangers and the Lenders to treat such Borrower Materials as either publicly\navailable information or not material information (although it may be sensitive\nand proprietary) with respect to the Borrower or its securities for purposes of\nUnited States Federal and state securities laws, (iii) all Borrower Materials\nmarked “PUBLIC” are permitted to be made available through a portion of the\nPlatform designated “Public Investor” and (iv) the Administrative Agent and the\nJoint Lead Arrangers shall be entitled to treat any Borrower Materials that are\nnot marked “PUBLIC” as being suitable only for posting on a portion of the\nPlatform not designated “Public Investor.”</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-115-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.18.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Release of Liens and\nGuarantees</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  In\nthe event that any Loan Party conveys, sells, leases, assigns, transfers or\notherwise disposes of all or any portion of any of the Equity Interests or\nassets of any Subsidiary Loan Party to a Person that is not (and is not required\nto become) a Loan Party in a transaction not prohibited by Section 6.05,\nthe Collateral Agent shall promptly (and the Lenders hereby authorize the\nCollateral Agent to) take such action and execute any such documents as may be\nreasonably requested by the Borrower and at the Borrower’s expense to release\nany Liens created by any Loan Document in respect of such Equity Interests or\nassets, and, in the case of a disposition of the Equity Interests of any\nSubsidiary Loan Party in a transaction permitted by Section 6.05 and as a\nresult of which such Subsidiary Loan Party would cease to be a Subsidiary,\nterminate such Subsidiary Loan Party’s obligations under its\nGuarantee.  In addition, the Collateral Agent agrees to take such\nactions as are reasonably requested by the Borrower and at the Borrower’s\nexpense to terminate the Liens and security interests created by the Loan\nDocuments when all the Obligations (other than contingent indemnification\nObligations) are paid in full and all Commitments are\nterminated.   Any representation, warranty or covenant contained\nin any Loan Document relating to any such Equity Interests, asset or subsidiary\nof the Borrower shall no longer be deemed to be made once such Equity Interests\nor asset is so conveyed, sold, leased, assigned, transferred or disposed\nof.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.19.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">PATRIOT Act\nNotice</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Each\nLender that is subject to the Act (as hereinafter defined) and the\nAdministrative Agent (for itself and not on behalf of any Lender) hereby\nnotifies the Borrower that pursuant to the requirements of the USA PATRIOT Act\n(Title III of Pub. L. 107-56 </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">(signed\ninto law October 26, 2001)) (the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Act</font>”), it is required\nto obtain, verify and record information that identifies each Loan Party, which\ninformation includes the name and address of each Loan Party and other\ninformation that will allow such Lender or the Administrative Agent, as\napplicable, to identify each Loan Party in accordance with the Act.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.20.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Intercreditor Agreements and\nCollateral Agreement</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Each\nLender hereunder (a) consents to the priority and/or subordination of Liens\nprovided for in the Senior Lender Intercreditor Agreement, (b) consents to the\npriority and/or subordination of Liens provided for in the Second Priority\nIntercreditor Agreement, (c) consents to the priority and/or subordination of\nLiens provided for in the Senior Fixed Lender Intercreditor Agreement, (d)\nagrees that it will be bound by and will take no actions contrary to the\nprovisions of the Intercreditor Agreements and (f) authorizes and instructs the\nAdministrative Agent and the Collateral Agent to enter into the Senior Lender\nIntercreditor Agreement, the Second Priority Intercreditor Agreement and the\nSenior Fixed Lender Intercreditor Agreement, as Administrative Agent and\nCollateral Agent, respectively, and on behalf of such Lender.  The\nforegoing provisions are intended as an inducement to the Lenders to extend\ncredit and such Lenders are intended third party beneficiaries of such\nprovisions and the provisions of the Senior Lender Intercreditor Agreement, the\nSecond Priority Intercreditor Agreement and the Senior Fixed Lender\nIntercreditor Agreement.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.21.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Conversion of Covenants;\nEvents of Default</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  The\nparties hereto agree that without notice to or the consent of any Lender,\neffective as of the Rollover Conversion on the Rollover Date, the affirmative\ncovenants set forth in Article V (other than Section 5.13, which shall continue\nto apply), and the Events of Default and remedies set forth Article VII shall be\ndeemed to have been automatically replaced (without any further action necessary\nby the parties hereto) by (i) the affirmative covenants described under Article\n4 in the Exchange Notes Indenture and (ii) the events of default and remedies\ndescribed under Article 6 in the Exchange Notes Indenture, which replacement\nprovisions, along with the relevant defined terms set forth under Article 1 in\nthe Exchange Notes Indenture used therein for the purposes thereof, will\nthereupon be deemed incorporated by reference herein, with references therein to\nthe “Issuer” and the “Trustee” being deemed to be references to the “Borrower”\nand the “Administrative Agent,” respectively, and with such other modifications\nto this Agreement and the other Loan Documents as determined by the\nAdministrative Agent to be necessary or appropriate to give effect to the\nforegoing. In furtherance of the foregoing, the Borrower shall, at the\nAdministrative Agent’s request, enter into such amendments to the Loan Documents\nnecessary or appropriate to effect the foregoing. </font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\">\n </div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-116-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\">\n </div>\n </div>\n </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">SECTION\n9.22.                                <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">No Fiduciary\nDuty</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">.  Each\nAgent, each Lender and their Affiliates, each Syndication Agent, each\nDocumentation Agent and each Joint Lead Arranger (collectively, solely for\npurposes of this paragraph, the “<font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">Lenders</font>”), may have\neconomic interests that conflict with those of the Borrower.  The\nBorrower agrees that nothing in the Loan Documents or otherwise will be deemed\nto create an advisory, fiduciary or agency relationship or fiduciary or other\nimplied duty between the Lenders and the Borrower, its stockholders or its\nAffiliates.  The Borrower acknowledges and agrees that (i) the\ntransactions contemplated by the Loan Documents are arm’s-length commercial\ntransactions between the Lenders, on the one hand, and the Borrower, on the\nother, (ii) in connection therewith and with the process leading to such\ntransaction each of the Lenders is acting solely as a principal and not the\nagent or fiduciary of the Borrower, its management, stockholders, creditors or\nany other person, (iii) no Lender has assumed an advisory or fiduciary\nresponsibility in favor of the Borrower with respect to the transactions\ncontemplated hereby or the process leading thereto (irrespective of whether any\nLender or any of its affiliates has advised or is currently advising the\nBorrower on other matters) or any other obligation to the Borrower except the\nobligations expressly set forth in the Loan Documents and (iv) the Borrower has\nconsulted its own legal and financial advisors to the extent it deemed\nappropriate.  The Borrower further acknowledges and agrees that it is\nresponsible for making its own independent judgment with respect to such\ntransactions and the process leading thereto.  The Borrower agrees\nthat it will not claim that any </font><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Lender\nhas rendered advisory services of any nature or respect, or owes a fiduciary or\nsimilar duty to the Borrower, in connection with such transaction or the process\nleading thereto.</font></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">[SIGNATURE\nPAGES FOLLOW]</font></div>\n <div style=\"DISPLAY: block; TEXT-INDENT: 0pt\"><br></div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"> </div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-117-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">IN\nWITNESS WHEREOF, the parties hereto have caused this Agreement to be duly\nexecuted by their respective authorized officers as of the day and year first\nwritten above.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 180pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">BERRY\nPLASTICS CORPORATION</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 180pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">By:         <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">/s/  Jeffrey\nThompson</font>                                                           </font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 180pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"><font id=\"TAB1\" style=\"MARGIN-LEFT: 27pt\"></font>Name: Jeffrey Thompson</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 180pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"><font id=\"TAB1\" style=\"MARGIN-LEFT: 27pt\"></font>Title: Authorized\nSignatory</font></div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"> </div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-118-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">BANK\nOF AMERICA, N.A.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">as\nAdministrative Agent, Collateral Agent and as a Lender</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">By:         <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">/s/  Christopher\nKelly Wall</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Name:\nChristopher Kelly Wall</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Title:\nPrincipal</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">By:         <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">/s/  Christopher\nKelly\nWall</font>                                                                   </font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"><font id=\"TAB1\" style=\"MARGIN-LEFT: 27pt\"></font>Name: Christopher Kelly\nWall</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"><font id=\"TAB1\" style=\"MARGIN-LEFT: 27pt\"></font>Title: Principal</font></div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"> </div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-119-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">BANC\nOF AMERICA SECURITIES LLC</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">as Joint\nLead Arranger and Joint Bookrun</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">By:         <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">/s/  Christopher\nKelly Wall</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Name:\nChristopher Kelly Wall</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Title:\nPrincipal</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">By:         <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">/s/  Christopher\nKelly\nWall</font>                                                                   </font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"><font id=\"TAB1\" style=\"MARGIN-LEFT: 27pt\"></font>Name: Christopher Kelly\nWall</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"><font id=\"TAB1\" style=\"MARGIN-LEFT: 27pt\"></font>Title: Principal</font></div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"> </div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-120-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">GOLDMAN\nSACHS CREDIT PARTNERS L.P.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">as\nSyndication Agent, Joint Lead Arranger, Joint Bookrunner and a\nLender</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">By:         <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">/s/  Walter\nJackson</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Name:\nWalter Jackson</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Title:\nManaging Director</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"> </div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-121-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">LEHMAN\nBROTHERS INC.</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">as\nDocumentation Agent, Joint Lead Arranger and Joint Bookrunner</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">By:         <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">/s/  Timothy N.\nHartzell</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Name:\nTimothy N. Hartzell</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Title:\nManaging Director</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"> </div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-122-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">LEHMAN\nBROTHERS COMMERCIAL BANK</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">as a\nLender</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">By:         <font style=\"DISPLAY: inline; TEXT-DECORATION: underline\">/s/  Brian\nMcNany</font></font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Name:\nBrian McNany</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">Title:\nAuthorized Signatory</font></div>\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"justify\"> </div><br>\n <div id=\"PGBRK\" style=\"MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\">\n <div id=\"FTR\">\n <div style=\"WIDTH: 100%\" align=\"left\">\n <div style=\"DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt\" align=\"center\"> </div>\n </div>\n <div id=\"GLFTR\" style=\"WIDTH: 100%\" align=\"left\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n <div id=\"PN\" style=\"PAGE-BREAK-AFTER: always\">\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\"><font style=\"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\">-123-</font></div>\n <div style=\"WIDTH: 100%; TEXT-ALIGN: center\">\n <hr style=\"COLOR: black\" noshade size=\"2\">\n </div>\n </div>\n <div id=\"HDR\">\n <div id=\"GLHDR\" style=\"WIDTH: 100%\" align=\"right\"><font style=\"DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman\"> \n</font></div>\n </div>\n </div><br></body>\n</html>\n\n\n\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":79,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/792013/0001116502-07-000467-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/792013/0001116502-07-000467.txt"},"cik":{"kind":"string","value":"792013"},"name":{"kind":"string","value":"HARLEYSVILLE GROUP INC"},"type":{"kind":"string","value":"10-K"},"filing_date":{"kind":"string","value":"2007-03-09"},"report_date":{"kind":"string","value":"2006-12-31"},"seq":{"kind":"string","value":"6"},"desc":{"kind":"string","value":"NON-EMPLOYEE COMPENSATION"},"doc_type":{"kind":"string","value":"EX-10.AJ"},"size":{"kind":"string","value":"8236"},"filename":{"kind":"string","value":"exhibit10aj.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/792013/000111650207000467/exhibit10aj.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/c6e0901fc05a973fe51d70dc42886f93fb801e9e.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2007-03-09\", \"Accepted\": \"2007-03-09 13:48:45\", \"Documents\": \"13\", \"Period of Report\": \"2006-12-31\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.AJ\n<SEQUENCE>6\n<FILENAME>exhibit10aj.htm\n<DESCRIPTION>NON-EMPLOYEE COMPENSATION\n<TEXT>\n<!doctype html public \"-//IETF//DTD HTML//EN\">\n<HTML>\n<HEAD>\n<TITLE>United States Securities & Exchange Commission EDGAR Filing</TITLE>\n<META NAME=\"keywords\" CONTENT=\"Bassett Press, Inc. 888-805-9953\">\n<META NAME=\"author\" CONTENT=\"Mullany\">\n<META NAME=\"date\" CONTENT=\"03/09/2007\">\n</HEAD>\n<BODY style=\"line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000\">\n<P style=\"line-height:18.667px; margin-top:0px; margin-bottom:8px; font-family:Arial; font-size:16px\" align=right><FONT FACE=\"Arial\"><B>Exhibit (10)(AJ)</B></FONT></P>\n<P style=\"margin-top:0px; margin-bottom:8px\"><BR></P>\n<P style=\"line-height:18.667px; margin-top:0px; margin-bottom:8px; font-family:Arial; font-size:16px\" align=center>Non-Employee Director Compensation</P>\n<P style=\"margin-top:0px; margin-bottom:8px\" align=center><BR></P>\n<TABLE style=\"font-size:13.333px\" cellspacing=0 align=center><TR><TD width=349.2></TD><TD width=148.8></TD></TR>\n<TR><TD style=\"background-color:#FFFFFF; border:1px solid #000000\" valign=top width=349.2><P style=\"line-height:18.667px; margin-top:0px; margin-bottom:8px; font-family:Arial; font-size:16px\"><B> <BR>\nType of Compensation</B></P>\n</TD><TD style=\"background-color:#FFFFFF; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000\" valign=top width=148.8><P style=\"line-height:18.667px; margin-top:0px; margin-bottom:8px; font-family:Arial; font-size:16px\" align=center><B> <BR>\nAmount</B></P>\n</TD></TR>\n<TR><TD style=\"background-color:#FFFFFF; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000\" valign=top width=349.2><P style=\"line-height:18.667px; margin-top:4px; margin-bottom:4px; font-family:Arial; font-size:16px\">Annual Retainer</P>\n</TD><TD style=\"background-color:#FFFFFF; border-right:1px solid #000000; border-bottom:1px solid #000000\" valign=top width=148.8><P style=\"line-height:18.667px; margin-top:4px; margin-bottom:4px; font-family:Arial; font-size:16px\" align=center>$25,000</P>\n</TD></TR>\n<TR><TD style=\"background-color:#FFFFFF; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000\" valign=top width=349.2><P style=\"line-height:18.667px; margin-top:4px; margin-bottom:4px; font-family:Arial; font-size:16px\">Additional Monthly Retainer for Non-Employee Chairman</P>\n</TD><TD style=\"background-color:#FFFFFF; border-right:1px solid #000000; border-bottom:1px solid #000000\" valign=top width=148.8><P style=\"line-height:18.667px; margin-top:4px; margin-bottom:4px; font-family:Arial; font-size:16px\" align=center>$ 8,333</P>\n</TD></TR>\n<TR><TD style=\"background-color:#FFFFFF; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000\" valign=top width=349.2><P style=\"line-height:18.667px; margin-top:4px; margin-bottom:4px; font-family:Arial; font-size:16px\">Board Attendance Fee per Meeting</P>\n</TD><TD style=\"background-color:#FFFFFF; border-right:1px solid #000000; border-bottom:1px solid #000000\" valign=top width=148.8><P style=\"line-height:18.667px; margin-top:4px; margin-bottom:4px; font-family:Arial; font-size:16px\" align=center>$ 1,500</P>\n</TD></TR>\n<TR><TD style=\"background-color:#FFFFFF; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000\" valign=top width=349.2><P style=\"line-height:18.667px; margin-top:4px; margin-bottom:4px; font-family:Arial; font-size:16px\">Committee Attendance Fee per Meeting</P>\n</TD><TD style=\"background-color:#FFFFFF; border-right:1px solid #000000; border-bottom:1px solid #000000\" valign=top width=148.8><P style=\"line-height:18.667px; margin-top:4px; margin-bottom:4px; font-family:Arial; font-size:16px\" align=center>$ 1,000</P>\n</TD></TR>\n<TR><TD style=\"background-color:#FFFFFF; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000\" valign=top width=349.2><P style=\"line-height:18.667px; margin-top:4px; margin-bottom:4px; font-family:Arial; font-size:16px\">Annual Retainer for Committee Chair (1)</P>\n</TD><TD style=\"background-color:#FFFFFF; border-right:1px solid #000000; border-bottom:1px solid #000000\" valign=top width=148.8><P style=\"line-height:18.667px; margin-top:4px; margin-bottom:4px; font-family:Arial; font-size:16px\" align=center>$ 6,000/9,000</P>\n</TD></TR>\n<TR><TD style=\"background-color:#FFFFFF; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000\" valign=top width=349.2><P style=\"line-height:18.667px; margin-top:4px; margin-bottom:4px; font-family:Arial; font-size:16px\">Deferred Stock Units (2)</P>\n</TD><TD style=\"background-color:#FFFFFF; border-right:1px solid #000000; border-bottom:1px solid #000000\" valign=top width=148.8><P style=\"line-height:18.667px; margin-top:4px; margin-bottom:4px; font-family:Arial; font-size:16px\" align=center>$30,000</P>\n</TD></TR>\n<TR><TD style=\"background-color:#FFFFFF; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000\" valign=top width=349.2><P style=\"line-height:18.667px; margin-top:4px; margin-bottom:4px; font-family:Arial; font-size:16px\">Other Compensation</P>\n</TD><TD style=\"background-color:#FFFFFF; border-right:1px solid #000000; border-bottom:1px solid #000000\" valign=top width=148.8><P style=\"line-height:18.667px; margin-top:4px; margin-bottom:4px; font-family:Arial; font-size:16px\" align=center>(3)</P>\n</TD></TR>\n</TABLE>\n<P style=\"margin:0px\"><BR></P>\n<P style=\"line-height:17.333px; margin:0px; font-family:Arial; font-size:14.667px\">______________</P>\n<P style=\"margin:0px\"><BR></P>\n<P style=\"line-height:17.333px; margin-top:0px; margin-bottom:-17.333px; padding-left:48px; text-indent:-48px; font-family:Arial; font-size:14.667px\">(1)</P>\n<P style=\"line-height:17.333px; margin:0px; padding-left:48px; font-family:Arial; font-size:14.667px\">The chair of the Audit Committee and the chair of the Compensation and Personnel Development Committee receive an annual retainer of $9,000; the chairs of the other committees receive an annual retainer of $6,000. </P>\n<P style=\"margin:0px\"><BR></P>\n<P style=\"line-height:17.333px; margin-top:0px; margin-bottom:-17.333px; padding-left:48px; text-indent:-48px; font-family:Arial; font-size:14.667px\">(2)</P>\n<P style=\"line-height:17.333px; margin:0px; padding-left:48px; font-family:Arial; font-size:14.667px\">Each non-employee director continuing to serve on the Board of Directors of the Registrant after each annual meeting of stockholders receives an automatic grant of Deferred Stock Units under the Directors’ Deferred Stock Unit Plan equal to a value of $30,000 on the date of grant. A Deferred Stock Unit is the right to receive, without payment to the Company, one share of common stock of the Company. The Deferred Stock Units have a dividend equivalent feature, which provides for payment of cash dividends when and if cash dividends are paid on the outstanding common stock. The Company is seeking stockholder approval, at the April 2007 annual meeting, to increase the value of such automatic Deferred Stock Unit awards to $50,000.</P>\n<P style=\"margin:0px\"><BR></P>\n<P style=\"line-height:17.333px; margin-top:0px; margin-bottom:-17.333px; padding-left:48px; text-indent:-48px; font-family:Arial; font-size:14.667px\">(3)</P>\n<P style=\"line-height:17.333px; margin:0px; padding-left:48px; font-family:Arial; font-size:14.667px\">Directors are reimbursed for out-of-pocket expenses. A non-employee director who serves on both the Harleysville Group and Harleysville Mutual boards receives only one retainer and, if the boards or the same committees of Harleysville Group and Harleysville Mutual meet on the same day, the non-employee director receives only one attendance fee. In either situation, the retainer or attendance fee is allocated equally to Harleysville Group and Harleysville Mutual. </P>\n<P style=\"margin-top:0px; margin-bottom:14.667px\"><BR></P>\n<P style=\"margin-top:0px; margin-bottom:14.667px\"><BR>\n<BR></P>\n</BODY>\n</HTML>\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":80,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1141391/0001193125-06-108735-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1141391/0001193125-06-108735.txt"},"cik":{"kind":"string","value":"1141391"},"name":{"kind":"string","value":"MASTERCARD INC"},"type":{"kind":"string","value":"8-K"},"filing_date":{"kind":"string","value":"2006-05-11"},"report_date":{"kind":"string","value":"2006-05-09"},"seq":{"kind":"string","value":"2"},"desc":{"kind":"string","value":"CUSTOMER BUSINESS AGREEMENT"},"doc_type":{"kind":"string","value":"EX-10.1"},"size":{"kind":"string","value":"212989"},"filename":{"kind":"string","value":"dex101.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1141391/000119312506108735/dex101.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/a9338b41aae35e0b5ea6cf9e483bdabeb4d08e9c.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2006-05-11\", \"Accepted\": \"2006-05-11 12:49:08\", \"Documents\": \"2\", \"Period of Report\": \"2006-05-09\", \"Items\": \"Item 1.01: Entry into a Material Definitive Agreement\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.1\n<SEQUENCE>2\n<FILENAME>dex101.htm\n<DESCRIPTION>CUSTOMER BUSINESS AGREEMENT\n<TEXT>\n<HTML><HEAD>\n<TITLE>Customer Business Agreement</TITLE>\n</HEAD>\n <BODY BGCOLOR=\"WHITE\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Exhibit 10.1 </B></FONT></P> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P><DIV\nALIGN=\"right\">\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\">\n\n<TR>\n<TD WIDTH=\"100%\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">CERTAIN PORTIONS OF THIS EXHIBIT</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">HAVE BEEN OMITTED AND FILED</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">SEPARATELY WITH THE SECURITIES</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">AND EXCHANGE COMMISSION</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">PURSUANT TO A REQUEST FOR</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">CONFIDENTIAL TREATMENT. THE</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">SYMBOL “****” HAS BEEN INSERTED</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">IN PLACE OF THE PORTIONS SO OMITTED.</FONT></P></TD></TR>\n</TABLE></DIV> <P STYLE=\"margin-top:12px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">EXECUTION VERSION </FONT></P> <P STYLE=\"margin-top:12px;margin-bottom:0px\"\nALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Customer Business Agreement </B></FONT></P> <P STYLE=\"margin-top:12px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">This agreement (including all Exhibits and Annexes attached\nhereto, the “Agreement”) is made as of the Effective Date (as defined below) by and between MasterCard International Incorporated, a Delaware corporation having its principal place of business at 2000 Purchase Street, Purchase, New York\n10577-2509 (together with its Affiliates, “MasterCard”), and Bank of America, N.A., having its principal place of business at 100 North Tryon Street, Charlotte, North Carolina 28255 -0001 (together with its Affiliates, “BAC”).\n</FONT></P> <P STYLE=\"margin-top:12px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>W<SMALL>HEREAS</SMALL>,</B> BAC is licensed to issue MasterCard Cards pursuant to the Rules, and </FONT></P> <P\nSTYLE=\"margin-top:12px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>W<SMALL>HEREAS</SMALL>, </B>MasterCard and BAC desire to enter into an arrangement by which MasterCard will provide Support to help increase the issuance, usage and\nactivation of BAC’s MasterCard Cards. </FONT></P> <P STYLE=\"margin-top:12px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>N<SMALL>OW</SMALL>, <SMALL>THEREFORE</SMALL>,</B> in consideration of the premises and other good and\nvaluable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: </FONT></P> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>1.0</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Definitions. </B></FONT></TD></TR></TABLE> <P STYLE=\"margin-top:6px;margin-bottom:0px; margin-left:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Capitalized terms used in this\nAgreement shall have the meanings given to them in Exhibit A or elsewhere in this Agreement. </FONT></P> <P STYLE=\"font-size:18px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>2.0</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>MasterCard Support. </B><I></I><B> </B></FONT></TD></TR></TABLE> <P STYLE=\"margin-top:6px;margin-bottom:0px; margin-left:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">In\nconsideration for BAC’s timely performance of its obligations under this Agreement, MasterCard shall provide BAC with the Support outlined below during the Term, subject to the conditions and limitations contained herein. </FONT></P> <P\nSTYLE=\"font-size:18px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>2.1</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>**** Incentive. </B></FONT></TD></TR></TABLE> <P STYLE=\"margin-top:6px;margin-bottom:0px; margin-left:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Subject to Section 3, as of\nthe Effective Date, MasterCard will provide BAC with **** MasterCard-branded **** Cards issued by BAC and MasterCard-branded **** Cards issued by BAC. Adjustments as set forth herein will be made at the end of each quarter and Year of the Term to\neffectuate such incentive (the “****”). </FONT></P>\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">EXECUTION VERSION </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT\nSIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px; text-indent:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>A. Quarterly Calculation </B></FONT></P> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">1.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Unless otherwise adjusted as provided herein, the **** for each Year of the Term will be distributed by calendar quarter, as follows (“Quarterly ****”):\n</FONT></TD></TR></TABLE> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" ALIGN=\"center\">\n\n<TR>\n<TD WIDTH=\"51%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"3%\"></TD>\n<TD WIDTH=\"46%\"></TD></TR>\n<TR>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Table 1</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD></TR>\n<TR>\n<TD VALIGN=\"bottom\"> <P STYLE=\"margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Measurement Period</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"> <P STYLE=\"margin-top:0px;margin-bottom:1px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Quarterly **** ($****)</B></FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">1</FONT><FONT FACE=\"Times New Roman\" SIZE=\"1\" COLOR=\"#000000\"><SUP>st</SUP></FONT><FONT FACE=\"Times New Roman\" SIZE=\"2\" COLOR=\"#000000\">\nquarter</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">$****</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">2</FONT><FONT FACE=\"Times New Roman\" SIZE=\"1\" COLOR=\"#000000\"><SUP>nd</SUP></FONT><FONT FACE=\"Times New Roman\" SIZE=\"2\" COLOR=\"#000000\">\nquarter</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">$****</FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">3</FONT><FONT FACE=\"Times New Roman\" SIZE=\"1\" COLOR=\"#000000\"><SUP>rd</SUP></FONT><FONT FACE=\"Times New Roman\" SIZE=\"2\" COLOR=\"#000000\">\nquarter</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">$****</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">4</FONT><FONT FACE=\"Times New Roman\" SIZE=\"1\" COLOR=\"#000000\"><SUP>th</SUP></FONT><FONT FACE=\"Times New Roman\" SIZE=\"2\" COLOR=\"#000000\">\nquarter</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">$****</FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Total ****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">$****</FONT></P></TD></TR>\n</TABLE> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">2.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">BAC shall pay all fees at MasterCard Standard Pricing as applicable under the Rules and with the same frequency as required in the <I>MCBS Manual.</I> At the conclusion of each\ncalendar quarter of the Term for each of the first three calendar quarters of every Year after the Effective Date, and within thirty (30) days after BAC has provided the Required Reports for such quarter, MasterCard shall make the appropriate\ncalculation and **** of BAC’s actual payments of the **** for such period pursuant to this Section 2. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">3.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Unless otherwise adjusted as provided herein, the appropriate **** and the corresponding applicable **** and **** for such quarter shall be determined in Table 2.\n</FONT></TD></TR></TABLE> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"74%\" BORDER=\"0\" ALIGN=\"center\">\n\n<TR>\n<TD WIDTH=\"35%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"2%\"></TD>\n<TD WIDTH=\"31%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"2%\"></TD>\n<TD WIDTH=\"30%\"></TD></TR>\n<TR>\n<TD VALIGN=\"bottom\"> <P STYLE=\"margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Table 2</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">**** ($****)</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n</TABLE> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">4.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"> <P ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">In order to determine the appropriate **** for use in the calculation below, and as part of the quarterly reconciliation process, MasterCard will determine </FONT>\n</P></TD></TR></TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">2 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">EXECUTION VERSION </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT\nSIZE=\"1\"> </FONT></P>\n\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"13%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"> <P STYLE=\"margin-top:0px;margin-bottom:1px; margin-left:0%\">\n<FONT FACE=\"Times New Roman\" SIZE=\"2\">and reconcile based on a **** annual tier level for which BAC will qualify by **** and **** its cumulative quarterly **** by the following ****:\n</FONT></P></TD></TR></TABLE> <P STYLE=\"margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"> 1</FONT><FONT FACE=\"Times New Roman\" SIZE=\"1\"\nCOLOR=\"#000000\"><SUP>st</SUP></FONT><FONT FACE=\"Times New Roman\" SIZE=\"2\" COLOR=\"#000000\"> Qtr. **** – by ****, </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%\"><FONT FACE=\"Times New Roman\"\nSIZE=\"2\"> Year-to-date to end of 2</FONT><FONT FACE=\"Times New Roman\" SIZE=\"1\" COLOR=\"#000000\"><SUP>nd</SUP></FONT><FONT FACE=\"Times New Roman\" SIZE=\"2\" COLOR=\"#000000\"> Qtr. – by **** </FONT></P> <P\nSTYLE=\"margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"> Year-to-date to end of 3</FONT><FONT FACE=\"Times New Roman\" SIZE=\"1\" COLOR=\"#000000\"><SUP>rd</SUP></FONT><FONT\nFACE=\"Times New Roman\" SIZE=\"2\" COLOR=\"#000000\"> Qtr. – by **** </FONT></P> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">5.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">The **** for a quarter is calculated as: </FONT></TD></TR></TABLE> <P STYLE=\"margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%\"><FONT FACE=\"Times New Roman\"\nSIZE=\"2\"> **** </FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"> See Annex A for examples of this calculation. </FONT></P> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>B</B>.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Annual Calculation.</B> At the end of the 4</FONT><FONT FACE=\"Times New Roman\" SIZE=\"1\" COLOR=\"#000000\"><SUP>th</SUP></FONT><FONT FACE=\"Times New Roman\" SIZE=\"2\" COLOR=\"#000000\">\ncalendar quarter of each Year during the Term, and within thirty (30) days after BAC has provided all Required Reports for such Year, MasterCard shall make the appropriate calculation and **** as follows: </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">1.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">The **** will be used with Table 2 to determine the corresponding ****, as well as **** and the ****, for that Year. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">2.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">The “****” is calculated as follows: </FONT></TD></TR></TABLE> <P STYLE=\"margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%\"><FONT FACE=\"Times New Roman\"\nSIZE=\"2\"> **** </FONT></P> <P STYLE=\"margin-top:12px;margin-bottom:0px; margin-left:8%; text-indent:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"> Then, the “****” is calculated as follows:\n</FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"> ****. See Annex A for examples of this calculation. </FONT></P> <P\nSTYLE=\"font-size:18px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>2.2.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>**** Benefit </B></FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>A.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Quarterly Calculation.</B> At the conclusion of each calendar quarter of the Term for each of the first three calendar quarters of every Year after the Effective Date, and within\nthirty (30) days after BAC has provided the Required Reports for such quarter, MasterCard shall make the appropriate calculation to determine the **** earned for such period pursuant to this Section 2.2 (the “****”). The\nquarterly **** during the Term will be determined by **** from Table 3, below, based upon the **** determined pursuant to Section 2.1(A)(4) and will be subject to **** as provided herein </FONT></TD></TR></TABLE> <P\nSTYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">3 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">EXECUTION VERSION </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT\nSIZE=\"1\"> </FONT></P>\n\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" ALIGN=\"center\">\n\n<TR>\n<TD WIDTH=\"51%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"3%\"></TD>\n<TD WIDTH=\"46%\"></TD></TR>\n<TR>\n<TD VALIGN=\"bottom\"> <P STYLE=\"margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Table 3</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">**** ($****)</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n</TABLE> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>B.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Annual Calculation.</B> At the end of the 4</FONT><FONT FACE=\"Times New Roman\" SIZE=\"1\" COLOR=\"#000000\"><SUP>th</SUP></FONT><FONT FACE=\"Times New Roman\" SIZE=\"2\" COLOR=\"#000000\">\ncalendar quarter of each Year during the Term, and within thirty (30) days after BAC has provided all Required Reports for such Year, MasterCard shall make the appropriate calculation and **** to determine the **** as follows:\n</FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">1.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">The **** will be used with Table 3 to determine the corresponding ****, as well as **** for that Year. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">2.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">The “****” is calculated as follows: </FONT></TD></TR></TABLE> <P STYLE=\"margin-top:6px;margin-bottom:0px; margin-left:13%; text-indent:4%\"><FONT FACE=\"Times New Roman\"\nSIZE=\"2\"> **** See Annex B for examples of this calculation. </FONT></P> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>2.3</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>****. </B>As of the Effective Date and for each Year of the Term, MasterCard will provide BAC with **** (as set forth in Exhibit B, Section B) at such ****, which, subject to\nSection 3 and the terms hereof, is the **** for which BAC will be actually responsible in connection with the **** in such Year (“****”). At the conclusion of each Year of the Term, MasterCard shall make an annual reconciliation\nversus actual payments made in accordance with MasterCard Standard Pricing, based on the following calculation for each ****: </FONT></TD></TR></TABLE> <P STYLE=\"margin-top:6px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\"\nSIZE=\"2\"> **** </FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px; margin-left:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Notwithstanding the foregoing, if the **** in any year is ****, the **** will not apply, and BAC will\npay MasterCard Standard Pricing for ****, which includes any pricing adjustments or increases. At the end of the 4</FONT><FONT FACE=\"Times New Roman\" SIZE=\"1\" COLOR=\"#000000\"><SUP>th</SUP></FONT><FONT FACE=\"Times New Roman\" SIZE=\"2\" COLOR=\"#000000\">\nquarter for each Year during the Term, and within thirty (30) days after BAC has provided all Required Reports for such Year, MasterCard shall make such calculations in accordance with the above and the examples set forth in Annex C to\ndetermine if any **** is owed to BAC. MasterCard will make an annual reconciliation of the components of its analysis and its calculations as to the amount of **** and the **** as set forth in Exhibit B. </FONT></P> <P\nSTYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">4 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">EXECUTION VERSION </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT\nSIZE=\"1\"> </FONT></P>\n\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>2.4</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>**** Support. </B></FONT></TD></TR></TABLE> <P STYLE=\"margin-top:6px;margin-bottom:0px; margin-left:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">MasterCard will make **** support\nfunds available to BAC as provided hereunder (the “****”): </FONT></P> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>**** Support. </B>For each Year during the Term, MasterCard shall make available to BAC **** Support, which amount shall be based upon **** as calculated herein (“****\nSupport”). The total amount of **** Support available to BAC in each Year will be determined in accordance with the following calculation: </FONT></TD></TR></TABLE> <P STYLE=\"margin-top:12px;margin-bottom:0px\" ALIGN=\"center\"><FONT\nFACE=\"Times New Roman\" SIZE=\"2\">**** </FONT></P> <P STYLE=\"margin-top:12px;margin-bottom:0px; margin-left:8%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****. **** Support will be subject to reduction in any Year if **** for such Year is less than the\nAnnual Target. If it is determined at the end of any Year that BAC did not earn the full amount of **** Support, the difference shall be adjusted as part of the true-up calculation for such year, and if insufficient, then shall be factored into any\nsubsequent Year until satisfied. If it is determined at the end of any Year that BAC earned more **** Support than it was provided in such year, an adjustment will be made in conjunction with the **** Support available in the first quarter of the\nnext Year. A portion of the annual **** Support will be allocated to each **** based on each ****, as calculated based on the prior Year’s actual **** for such ****, unless otherwise mutually agreed. Notwithstanding the foregoing, any ****\nSupport payable in **** shall be decreased by (i) the cost of **** incurred by BAC prior to the execution of this Agreement and (ii) the cost of **** incurred pursuant to the terms of any other agreement in effect between the parties at\nsuch time. Deployment of the annual **** Support shall be determined by the Co-Chairs (as defined below) in their reasonable discretion. </FONT></P> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">B.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>**** Support. </B>For each Year during the Term, MasterCard shall make available to BAC **** Support, which amount shall be based upon **** as calculated herein (“****\nSupport”). The total amount of ****Support available to BAC in each Year will be determined in accordance with the following calculation: </FONT></TD></TR></TABLE> <P STYLE=\"margin-top:12px;margin-bottom:0px\" ALIGN=\"center\"><FONT\nFACE=\"Times New Roman\" SIZE=\"2\">**** </FONT></P> <P STYLE=\"margin-top:12px;margin-bottom:0px; margin-left:8%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****. If it is determined at the end of any Year based upon the actual **** for such Year that BAC\ndid not earn the full amount of **** Support, the difference shall be adjusted as part of the true-up calculation for such Year, and if insufficient, then shall be factored into any subsequent Year until satisfied. If it is determined at the end of\nany Year that BAC earned more **** Support than it was provided in such Year, an adjustment will be made in conjunction with the **** Support available in the first quarter of the next Year. Deployment of the annual **** Support shall be determined\nby the Co-Chairs (as defined below) in their reasonable discretion. Until the **** by BAC, the **** for any Year shall be ****. </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">5 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">EXECUTION VERSION </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT\nSIZE=\"1\"> </FONT></P>\n\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">C.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>**** Committee. </B>For each ****, a **** committee will be established that will be co-chaired by MasterCard’s **** or **** designee, and a designated BAC executive (the\n“Co-Chairs”). The Co-Chairs will oversee and approve all initiatives to be funded by the *** Support. Deployment of all **** Support will be based on a disciplined business case and prioritization process, as may be determined by the\nCo-Chairs from time to time. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">D.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Use of</B> **** <B>Support.</B> **** Support available in any Year shall be used in such Year to support the growth of MasterCard Cards only, and the deployment of **** Support\nin any Year shall be determined by **** of such Year. Examples of potential deployment of the annual **** Support or **** Support budgets include, but are not limited to, those set forth in Annex D. In the event **** Support is used to reimburse\nBAC, then BAC shall provide to MasterCard appropriate detailed invoices supporting such reimbursement. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">E.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>No Carry Over.</B> To the extent that the entire value of any **** Support available in any Year of the Term is not used in such Year, any such unused **** Support will be\nforfeited, and MasterCard will have no obligation to make any rebate or other consideration to BAC for the unused amount of **** Support, provided, however, that in the event a reasonable person would determine in good faith that MasterCard has\nfailed to act reasonably expeditiously in assisting BAC to utilize such budget(s) during any Year, then the unused portion of such budgets for that Year shall roll into and be added to the budgets for the following Year. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:18px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>2.5</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>**** Support. </B></FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>A.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Value and Use of Support.</B> MasterCard will provide annual support of up to **** for **** services through **** (“**** Support”). Deployment of the **** Support in\nany Year shall be determined by **** of such Year, and shall be managed and delivered by MasterCard. The value of **** shall be determined in accordance with **** standard pricing in effect at the time such **** Support is delivered.\nMasterCard’s obligation to provide this support is subject to BAC’s execution and delivery to MasterCard of reasonable and appropriate protective documentation. Examples of potential utilization of the **** Support include, but are not\nlimited to those set forth in Annex E. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>B.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>No Carry Over.</B> To the extent that the entire value of any **** Support available in any Year of the Term is not used in such Year, any such unused **** Support will be\nforfeited, and MasterCard will have no obligation to make any rebate or other consideration to BAC for the unused amount of **** Support, provided, however, that in the event a reasonable person would determine in good faith that MasterCard has\nfailed to act reasonably expeditiously in assisting BAC to utilize such budget(s) during any Year, then the unused portion of such budgets for that Year shall roll into and be added to the budgets for the following Year. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:18px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>2.6</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Additional Support. </B></FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>A.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"> <P ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Initiatives.</B> MasterCard will provide additional support to BAC to be used in the **** Year for the initiatives as set forth in Annex F (the “Additional\nSupport”). To the extent </FONT>\n</P></TD></TR></TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">6 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">EXECUTION VERSION </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT\nSIZE=\"1\"> </FONT></P>\n\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"> <P>\n<FONT FACE=\"Times New Roman\" SIZE=\"2\">that any services relating to any initiative set forth in Annex F are to be provided by ****, MasterCard’s obligation to provide Additional Support for\nsuch initiative is subject to BAC’s execution and delivery to MasterCard of appropriate documentation with **** before work begins. MasterCard and BAC will work together in good faith to expedite the initiatives in Annex F so that the\nAdditional Support can be used in ****. </FONT></P></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>B.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>No Carry Over.</B> Use of Additional Support shall be determined by **** of the **** Year. To the extent that any of the Additional Support set forth in Annex F is not spent in\nthe **** Year, any such unused Additional Support will be forfeited, and MasterCard will have no obligation to make any rebate or other consideration to BAC for the unused amount of Additional Support, provided, however, that in the event a\nreasonable person would determine in good faith that MasterCard has failed to act reasonably expeditiously in assisting BAC to utilize such budget(s) during such Year, then the unused portion of such budgets for that Year shall roll into the\nfollowing Year. Notwithstanding the above, in the event BAC is unable to utilize the Additional Support in ****, MasterCard will make a good faith effort, where appropriate, to preserve such Additional Support for BAC use in ****, the preservation\nof Additional Support to be determined by MasterCard in its sole discretion. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:18px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>2.7</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>**** Support. </B></FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">MasterCard will provide BAC with an annual incentive for ****, pursuant to the table below, for each Year of the Term in which certain **** thresholds, as set out below, are met for\n****. The **** shall be calculated in accordance with the formulas in Annex G. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"74%\" BORDER=\"0\" ALIGN=\"center\">\n\n<TR>\n<TD WIDTH=\"51%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"3%\"></TD>\n<TD WIDTH=\"46%\"></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n</TABLE> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"> </FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">For the purpose of calculating this incentive for any Year, a ****. All **** must have achieved an aggregate, annualized, minimum **** of **** annually (“****”) to fully\nearn the incentive. See Annex G for a sample calculation. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">B.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">In the event that at least a **** is achieved in any Year, but there is **** shortfall, the **** will be reduced by a percentage equivalent to the **** shortfall. ****.\n</FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">C.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Once the **** required to allow BAC to **** has been completed by BAC during the Term and such completion date has been reported to MasterCard, MasterCard will provide the following\nadditional support to BAC, based upon the annual **** commitment made by BAC, during the twelve month period following such **** completion date: </FONT></TD></TR></TABLE> <P\nSTYLE=\"margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">**** </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">7 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">EXECUTION VERSION </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT\nSIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px; margin-left:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Provision of such additional support shall be subject to execution by BAC of reasonable and\nappropriate protective documentation. In the event that BAC does not attain the *** commitment **** for such first Year, then it shall ensure that such **** commitment is attained in the subsequent Year. </FONT></P> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>2.8</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>**** Bonus. </B>MasterCard will also provide a **** bonus to BAC in each Year in which the Annual Target (as defined in Section 3.1 below) for such Year is achieved,\npursuant to the calculations and subject to the limitations herein (“****”). The amount of **** paid to BAC shall be **** that BAC achieves **** the Annual Target, such that only the **** that is **** the Annual Target shall be eligible\nfor such support.**** Notwithstanding anything to the contrary, for the purposes of performing the calculations required by this Section, **** shall not include ****. Notwithstanding anything to the contrary, for the purposes of performing the\ncalculations required by this Section, **** shall include ****. </FONT></TD></TR></TABLE> <P STYLE=\"margin-top:6px;margin-bottom:0px; margin-left:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">In the event that MasterCard ****, such Cards **** and BAC\n**** unless the **** by MasterCard ****. MasterCard will determine the amount of the applicable ****, and to the extent it is **** than the **** paid by MasterCard, MasterCard will pay to BAC the ****, as determined by MasterCard in its sole\ndiscretion. In any case, MasterCard will use reasonable efforts to ensure the **** will be used to support card issuance programs. </FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px; margin-left:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">The\nparties hereto acknowledge that nothing in this Section 2.8 will be interpreted as MasterCard requiring or not requiring ****. </FONT></P> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>2.9</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Acquired Portfolios. </B></FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">BAC shall promptly notify MasterCard of any Acquired Portfolio transaction as soon as reasonably practicable after such transaction is finalized. In the event that BAC acquires any\nMasterCard payment card portfolio or any entity that offers, or intends to offer, payment card programs similar to the programs that are the subject matter of the Agreement, then the **** associated with such acquired portfolios or programs will be\neligible for the **** and incentives and such portfolios or programs will be subject to all other provisions of the Agreement at such time **** and subject to ****. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">B.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">In the event that BAC acquires a portfolio of MasterCard-branded Cards generating an average aggregate annual **** of **** or ****, the ****(together with the Quarterly ****) and\nAnnual Targets will each be automatically adjusted (such revised ****, the “Revised ****”; such revised Annual Targets, the “Revised Annual Targets”) by MasterCard to reflect **** of the prior **** of **** generated on such\nAcquired Portfolio (the “****”). With respect to ****, such acquired portfolio volumes will be eligible for **** as outlined herein upon inclusion of such volumes in BAC’s reporting and upon adjustments as provided above. See Annex H\nfor an example of this calculation. </FONT></TD></TR></TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">8 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">EXECUTION VERSION </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT\nSIZE=\"1\"> </FONT></P>\n\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>3.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>BAC Covenants.</B> </FONT></TD></TR></TABLE> <P STYLE=\"margin-top:6px;margin-bottom:0px; margin-left:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">In consideration for the Support to\nbe provided to BAC by MasterCard as described above and to the other terms and conditions set forth in the Agreement, BAC agrees and acknowledges that: </FONT></P> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>3.1</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Annual Targets.</B><I> </I>“Annual Targets,” when used in this Agreement, shall have the following meanings with respect to **** in each Year: </FONT></TD></TR></TABLE>\n<P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"84%\" BORDER=\"0\" ALIGN=\"center\">\n\n<TR>\n<TD WIDTH=\"51%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"3%\"></TD>\n<TD WIDTH=\"46%\"></TD></TR>\n<TR>\n<TD VALIGN=\"bottom\" ALIGN=\"center\"> <P STYLE=\"margin-left:0px;margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Year</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"> <P STYLE=\"margin-top:0px;margin-bottom:1px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Annual Target:</B></FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n</TABLE> <P STYLE=\"margin-top:12px;margin-bottom:0px; margin-left:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">**** </FONT></P> <P STYLE=\"font-size:18px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>3.2</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>**** Requirements.</B> </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>A.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B>****. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">1.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">“**** Requirement,” when used in this Agreement, shall mean, for each Year of the Term, ****. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">2.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">In the event that in any given Year of the Term the **** equals or exceeds the **** Requirement but does not equal or exceed the relevant Annual Target described in Section 3.1\nabove, then prior to performing the calculations pursuant to Section 2, the relevant **** and other incentives in respect of such year will be adjusted according to the following: </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"84%\" BORDER=\"0\" ALIGN=\"center\">\n\n<TR>\n<TD WIDTH=\"35%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"2%\"></TD>\n<TD WIDTH=\"31%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"2%\"></TD>\n<TD WIDTH=\"30%\"></TD></TR>\n<TR>\n<TD VALIGN=\"bottom\"> <P STYLE=\"margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>****</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" STYLE=\"border-bottom:1px solid #000000\"> <P STYLE=\"margin-top:0px;margin-bottom:1px\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>****</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" STYLE=\"border-bottom:1px solid #000000\"> <P STYLE=\"margin-top:0px;margin-bottom:1px\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>****</B></FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n</TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">9 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">EXECUTION VERSION </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT\nSIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"> Please see Annex I for a clarifying example. </FONT></P> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">3.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">In the event that in any given Year of the Term the **** for such Year falls within the **** in the table above, and: (i) in such Year the rate of **** over the prior\nYear’s **** and (ii) in such Year the ****rate for all ****, then BAC’s relevant **** for such Year will be adjusted as if BAC’s ****, pursuant to the terms of Annex J, attached hereto. </FONT></TD></TR></TABLE> <P\nSTYLE=\"margin-top:6px;margin-bottom:0px; text-indent:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>B. ****. </B></FONT></P> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">1.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">“**** Requirement,” for each Year of the Term, means **** satisfying the following **** requirements, ****: </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"74%\" BORDER=\"0\" ALIGN=\"center\">\n\n<TR>\n<TD WIDTH=\"26%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"2%\"></TD>\n<TD WIDTH=\"23%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"2%\"></TD>\n<TD WIDTH=\"23%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"2%\"></TD>\n<TD WIDTH=\"22%\"></TD></TR>\n<TR>\n<TD VALIGN=\"bottom\" ALIGN=\"center\"> <P STYLE=\"margin-left:0px;margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>****</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"> <P STYLE=\"margin-top:0px;margin-bottom:1px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\"\nSIZE=\"1\"><B> **** (in USD)</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"> <P STYLE=\"margin-top:0px;margin-bottom:1px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>****</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"> <P STYLE=\"margin-top:0px;margin-bottom:1px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>****</B></FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">$****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">$****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">$****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">$****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">$****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">$****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">$****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\" ALIGN=\"center\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">$****</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"></TD></TR>\n</TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">2.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">(a) In the event that in any given year of the Term the actual <U>****</U>, does not satisfy the **** Requirement, ****, BAC pricing will remain at standard pricing ****, and\nBAC shall not receive any ****, nor **** Support, for MasterCard Cards **** in that year. The prior sentence shall not apply to a **** if, with respect to such ****, i) **** makes it, in the opinion of a reasonable person, **** to satisfy such\nrequirement or ii) BAC notifies MasterCard in writing within 180 days prior to such **** Year’s end of BAC’s decision to ****, provided BAC also ****. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">(b)</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"> <P ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">In addition, in the event a BAC **** falls below the respective **** Requirement, BAC will have <U>thirty</U> (<U>30</U>) days to negotiate with MasterCard in\ngood faith to implement a plan to cure the shortfall within a mutually agreed, reasonable period of time, during which the **** will continue to be eligible for ****. If no such plan is agreed to within thirty (30) days, or if BAC does not cure\nthe shortfall within the agreed-upon timeframe, the **** will revert to standard pricing. In either of the foregoing events, BAC will pay to </FONT>\n</P></TD></TR></TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">10 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">EXECUTION VERSION </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT\nSIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px; margin-left:13%\">\n<FONT FACE=\"Times New Roman\" SIZE=\"2\">MasterCard the difference between the **** paid pursuant to this Agreement and the MasterCard Standard Pricing, if any, for such **** from the date of such\ndefault. </FONT></P> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">3.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">However, with respect to the ****, the ****, is included in total **** for the purpose of calculating ****, which shall only apply to the ****. In the event that (i) BAC ****\nthe **** Requirement, ****, and (ii) any of BAC’s **** have **** their respective **** Requirements ****, then BAC’s pricing for all **** for such Year shall be at MasterCard Standard Pricing and no other incentives shall be paid or\npayable to BAC for such Year. ****. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"5%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">4.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Notwithstanding the foregoing, in the event that a **** but MasterCard experiences **** in such **** during such **** Year, resulting in ****, and BAC’s actual **** is greater\nthan **** in such **** Year, then BAC’s **** will not be deemed to be in **** and will therefore continue to be eligible to earn the ****, pursuant to Section 2. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>3.3</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Non-Conversion.</B> During the Term, BAC will use a retention and activation procedure to activate and retain all MasterCard-branded Accounts. Notwithstanding any other provision\nof the Agreement (including, without limitation, this Section 3.3), ****. An “Active MasterCard Account” shall mean a MasterCard-branded Account **** is required by an unsolicited organization endorsing a program, or pursuant to\nunsolicited cardholder requests, MasterCard may **** in the event that ****. In the event of a **** due to ****, BAC shall thereafter ****. ****, including a **** required by an unsolicited organization endorsing a program, BAC will first ****,\nwhich efforts shall follow BAC’s retention and activation procedures, ****. In addition, **** is required by an unsolicited organization endorsing a program, **** shall include giving ****. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:18px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>3.4</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Portfolio Transfer. </B></FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">If during the Term BAC in any way divests to another MasterCard issuing member a portfolio of any MasterCard Cards subject to this Agreement, then BAC shall **** convince the entity\nacquiring such Cards to maintain the MasterCard brand on such Cards for the duration of the Term. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">B.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"> <P ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">If during the Term BAC in any way divests to another MasterCard issuing member a portfolio of MasterCard Cards <U>****</U>, that would have been subject to the\nterms of this Agreement had no such divestiture occurred (a “Divestiture”), then BAC shall **** convince such purchaser/transferee to convert such MasterCard Cards as MasterCard Cards onto its **** and to reissue such MasterCard Cards, if\nthe new issuer is otherwise going to reissue such cards, as MasterCard Cards. In the event that BAC is successful in so convincing such purchaser/transferee, then, subject to its reporting obligations under Section 4.4, the Annual Targets will\neach be automatically **** by MasterCard by an amount equivalent to **** of **** generated by such divested MasterCard Cards (subject to the next sentence, the “Revised Annual Targets”). In the event that in connection with a Divestiture,\nBAC is unsuccessful in so convincing the purchaser/transferee, then the </FONT>\n</P></TD></TR></TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">11 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">EXECUTION VERSION </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT\nSIZE=\"1\"> </FONT></P>\n\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"8%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"> <P>\n<FONT FACE=\"Times New Roman\" SIZE=\"2\">Annual Targets will each be automatically **** by MasterCard by an amount equivalent to **** of **** generated by such divested MasterCard Cards (subject to\nthe previous sentence, the “Revised Annual Targets”). See Annex K for an example of this calculation. For the avoidance of doubt, the parties agree that a securitization or other funding financing arrangement undertaken in the ordinary\ncourse of BAC’s business, excluding a sale of individual portfolios as described above, shall not be considered a Divestiture. </FONT></P></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>3.5</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Use of Support.</B> BAC agrees that it shall use all Support exclusively to grow its MasterCard Card business and will not use any Support for the benefit of any Card brand other\nthan MasterCard, unless otherwise agreed by MasterCard. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>3.6</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B>****. BAC and MasterCard agree to work together, ****, during the Term to develop MasterCard Card products and programs to be offered through BAC’s ****. To the extent\nthat ****, BAC will (i) introduce, deploy and maintain MasterCard Card products and programs in BAC’s **** and related systems and processes; and (ii) ensure access and support systems for the distribution and active marketing of\nMasterCard Card products ****. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>4.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>General Terms and Conditions.</B> </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>4.1</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Payment.</B> </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">During each quarter of the Term, BAC shall pay all fees at MasterCard Standard Pricing as applicable under the Rules and with the same frequency as required in the <I>MCBS\nManual.</I> At the conclusion of each Year and/or calendar quarter of the Term, as detailed in Sections 2 and 3, above, and within thirty (30) days after BAC has provided the Required Reports for such period, MasterCard shall make the\nappropriate calculation and adjustment of BAC’s actual payments of the standard fees for such period versus the payments actually required pursuant to Sections 2 and 3. Prior to making any payment required by Section 2, MasterCard shall\nfirst net out all amounts owed by MasterCard versus amounts overpaid by or owed to MasterCard pursuant to such Sections 2 or 3. ****. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">B.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">MasterCard shall not be obligated to make and may reasonably condition any payment, waiver, rebate, or other provision of Support on BAC’s providing the Required Reports. Any\nSupport payments owed by MasterCard to BAC shall be made via the MasterCard Consolidated Billing System (“MCBS”) or by other means as mutually agreed. MasterCard may, at MasterCard’s option, recover any amount that is owing from BAC\nunder this Agreement by debiting BAC’s MCBS account or by netting future amounts owed by MasterCard to BAC against such amounts owed to MasterCard by BAC. For clarification purposes, nothing in this Agreement shall in any way limit MasterCard\nin its ability to bill BAC under MasterCard’s normal billing process or procedures. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>4.2</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Taxes.</B> All payments made by the parties under this Agreement shall be deemed inclusive of all taxes including, but not limited to, value-added (VAT), sales, use, occupancy,\nexcise and income taxes. The sole obligation to report and remit any taxes shall be that of the party to which the payment is made. </FONT></TD></TR></TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">12 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">EXECUTION VERSION </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT\nSIZE=\"1\"> </FONT></P>\n\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>4.3</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Term.</B> This Agreement shall commence as of the Effective Date and terminate on **** unless sooner terminated in accordance with this Agreement or the mutual agreement of the\nparties (the “Term”). </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>4.4</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Reporting.</B> In addition to any reporting required under the Rules, BAC shall provide MasterCard and MasterCard shall provide BAC with reporting as detailed in Exhibit C\n(“Required Reports”). Each party will provide appropriate supporting material and back-up as the other party may reasonably request to support all Required Reports. MasterCard may audit the QMR as provided in the Rules. With respect to the\nRequired Reports other than the QMR, MasterCard shall have the right (not to be exercised more than once in any twelve month period) to require that a third party certified accounting firm to be mutually agreed upon by the parties perform an audit\nof the relevant portions of BAC’s books and records as is reasonable and necessary for the purposes of verifying the Required Reports. MasterCard shall pay for the cost of any such audit requested by it for the purposes of verifying the\nRequired Reports unless the results of the audit prove that BAC has **** its reporting obligations under this Agreement; in which case BAC shall pay for the cost of such audit. The independent certified accounting firm then being utilized by BAC\nwill be designated the certified accounting firm to be used unless such accounting firm is impermissibly conflicted as determined by such accounting firm. Any payments due hereunder by MasterCard may be delayed by MasterCard until forty-five\n(45) days after the backup is provided and/or the audit is undertaken and shall be amended as appropriate. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>4.5</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Quarterly and Annual Performance Review.</B> Upon the conclusion of each quarter of each Year of the Term, BAC will meet with MasterCard at a mutually agreeable time and location\nto jointly review BAC’s performance and MasterCard’s calculations as submitted in Required Reports under the Agreement for purposes of ensuring the mutually satisfactory progress of the objectives of this Agreement and other initiatives as\nmutually agreed between BAC and MasterCard. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>4.6</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Other ****.</B> **** for MasterCard-branded products that are **** will remain at MasterCard Standard Pricing, including but not limited to the fees set forth in Exhibit B,\nSection C ****. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>4.7</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Net Incentive Support. </B>Notwithstanding the provisions of Section 4.1, Support amounts payable in any given Year under this Agreement shall be reduced by the amount of\nany other payment received by BAC from MasterCard for the same Year, as successor to an acquired Person or Acquired Portfolio, under any benefit, support, or incentive arrangement between MasterCard and such acquired Person or its Affiliates or the\ntransferor of such Acquired Portfolio in connection with any MasterCard Cards. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>4.8</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B>**** </FONT></TD></TR></TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">13 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">EXECUTION VERSION </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT\nSIZE=\"1\"> </FONT></P>\n\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>4.9</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Other Agreements.</B> </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">This Agreement constitutes the entire agreement between the parties with respect to subject matter hereof and, except as noted herein, supersedes any other prior oral or written\nagreement regarding the subject matter hereof. Notwithstanding the foregoing, the certain obligations and provisions within **** that are explicitly set forth in Exhibits G1 and G2 attached hereto (the “****”) shall survive unaltered and\nshall operate in accordance with their terms only, for the term of the applicable agreement or as otherwise stated within such agreement. Defined terms within the **** shall have the meanings as set forth in the applicable agreement. In the event of\na conflict between the terms of this Agreement and the terms of the ****, the terms of the **** shall control; provided, however, that none of the **** shall apply to Accounts created after **** for the Agreements set forth on Exhibit G1.\n</FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">B.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">The parties acknowledge and agree that this Agreement does not supersede and is not otherwise intended to alter or amend any aspect or provision of any other agreement between ****\nthat is not an agreement with respect to **** for MasterCard Card programs (e.g., ****). All terms and commitments in any such agreements shall survive and operate in accordance with their terms. Nothing in this Agreement will limit or preclude\nMasterCard’s or BAC’s rights or remedies at law in the event of a breach of any provisions of any agreements or **** that are not otherwise superseded according to this Section 4.9. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>4.10</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Standard Terms and Conditions.</B> The Standard Terms and Conditions attached hereto as Exhibit H (the “Standard Terms and Conditions”) are incorporated by reference\nand made a part of this Agreement and will have the same force and effect as if fully set forth in this Agreement. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>4.11</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Notices.</B><I> </I>All notices relating to this Agreement, must be in writing and will be deemed given upon hand delivery or upon receipt if sent by an overnight courier\ndelivery service of general commercial use and acceptance (<I>i.e.</I>, Airborne, Federal Express or UPS) to the following addresses or such other address as may be later designated by notice given by such party: </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"92%\" BORDER=\"0\" ALIGN=\"center\">\n\n<TR>\n<TD WIDTH=\"9%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"2%\"></TD>\n<TD WIDTH=\"89%\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>If to BAC: </B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Bank of America, N.A.</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Attn: Industry Relations</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">1100 North King Street</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Wilmington, Delaware 19884</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Mailstop DE5-007-02-10</FONT></TD></TR>\n<TR>\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Attention: Mr. Michael R. Wright</FONT></TD></TR>\n</TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">14 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">EXECUTION VERSION </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT\nSIZE=\"1\"> </FONT></P>\n\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"92%\" BORDER=\"0\" ALIGN=\"center\">\n\n<TR>\n<TD WIDTH=\"15%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"84%\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\" COLSPAN=\"3\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">with a copy to the office of the general counsel at this address:</FONT></TD></TR>\n<TR>\n<TD HEIGHT=\"16\" COLSPAN=\"3\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\" COLSPAN=\"3\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">101 South Tryon Street</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\" COLSPAN=\"3\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Bank of America Plaza</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\" COLSPAN=\"3\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Charlotte, North Carolina 28255</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\" COLSPAN=\"3\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Mailstop NC1-002-29-01</FONT></TD></TR>\n<TR>\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>If to MasterCard:</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B>MasterCard International Incorporated</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">2000 Purchase Street</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Purchase, New York 10577</FONT></TD></TR>\n<TR>\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Attention: Mr. Gary Flood</FONT></TD></TR>\n<TR>\n<TD HEIGHT=\"16\" COLSPAN=\"3\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\" COLSPAN=\"3\"> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">with a copy to the office of the general counsel at the same address.</FONT></P> <P\nSTYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P> <P STYLE=\"margin-top:0px;margin-bottom:1px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">*******************</FONT></P></TD></TR>\n</TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">15 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">EXECUTION VERSION </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT\nSIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">This Agreement is executed as of ****, and is effective as of the Effective Date.\n</FONT></P> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"43%\" BORDER=\"0\">\n\n<TR>\n<TD WIDTH=\"9%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"90%\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\" COLSPAN=\"3\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>BANK OF AMERICA, N.A.</B></FONT></TD></TR>\n<TR>\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">By:</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000\"> </P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Name:</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Title:</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"16\" COLSPAN=\"3\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\" COLSPAN=\"3\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>MASTERCARD INTERNATIONAL INCORPORATED</B></FONT></TD></TR>\n<TR>\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">By:</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000\"> </P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Name:</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Gary Flood</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Title:</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">President, Global Key Accounts</FONT></TD></TR>\n<TR>\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">By:</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000\"> </P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Name:</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Title:</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n</TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">16 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>EXHIBIT A </B></FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px\" ALIGN=\"center\"><FONT\nFACE=\"Times New Roman\" SIZE=\"2\"><B>DEFINITIONS </B></FONT></P> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>A.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“Account” </I>means the line of credit, deposit account, asset account or other source of funds that are accessed by a Card. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>B.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“Acquired Portfolio” </I>means MasterCard Cards acquired by BAC through a merger, portfolio acquisition or similar bulk acquisition of any kind (and including\nwithout limitation the right to operate and manage any such acquired portfolio) during the Term, <I>however</I>, such term shall specifically not include any acquired MasterCard Cards that were lost to attrition after acquisition but before being\nincluded in the Required Reports as a result of material delinquency or standard charge-off. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">C.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>“Actual Quarterly ****”</I> means the **** reported in the BAC QMR for any quarter during the Term. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>D.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B>“<I>****</I>” means the sum of the **** reported in the BAC QMR for the 1</FONT><FONT FACE=\"Times New Roman\" SIZE=\"1\" COLOR=\"#000000\"><SUP>st</SUP></FONT><FONT\nFACE=\"Times New Roman\" SIZE=\"2\" COLOR=\"#000000\"> through 4</FONT><FONT FACE=\"Times New Roman\" SIZE=\"1\" COLOR=\"#000000\"><SUP>th</SUP></FONT><FONT FACE=\"Times New Roman\" SIZE=\"2\" COLOR=\"#000000\"> quarters of each Year during the Term.\n</FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>E.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“Affiliate” </I>means with respect to any Person, any other Person that, directly or indirectly through one or more intermediaries, controls, is controlled by or\nis under common control with, such Person. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>F.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“Annual Targets”</I> shall have the meaning set forth in Section 3.1. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>G.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“**** Requirement”</I> shall mean have the meaning ascribed to it in Section ****. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>H.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“****”</I> means the relevant numbers to be applied in calculating the **** paid or payable by Bank of America, as set forth in the ****.\n</FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>I.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“Card” </I>means any general purpose payment card, including any: bank card, credit card, charge card, travel and entertainment card, debit card, ATM card,\nprepaid card, smart card, stored-value card, co-branded card, virtual card or any combination thereof that is issued in the Territory, and the Account associated with such card. <I>Card </I>also includes the Account number(s) or alternative modes of\naccess to the underlying Account (<I>e.g., </I>a convenience check or a virtual card). </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>J</B>.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>“Commercial Credit Card”</I> means a Credit Card that is issued pursuant to a business card or commercial card application; not including a Debit Card.\n</FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>K</B>.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>“Consumer Credit Card”</I> means a Credit Card issued pursuant to a consumer card application; not including a Debit Card. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>L</B>.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>“control”</I> (including the terms “controlling”, “controlled by” and “under common control with”) means the possession, directly or\nindirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting stock, by contract, or otherwise. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>M.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“****” </I>means ****. </FONT></TD></TR></TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">E-1 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>N</B>.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">“****” means, for each Year of the Term, ****. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>O</B>.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">“****”**** set forth in Exhibit B, Section A. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>P</B>.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>“Credit Card”</I> means any Consumer Credit Card or Commercial Credit Card issued by BAC in the Territory, that is not a Debit Card. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Q</B>.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">“**** <I>Support”</I> shall have the meaning ascribed to it in ****. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>R</B>.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">“****” means, for any period of calculation, ****. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>S</B>.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">“****” means, for any period of calculation, ****. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>T</B>.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>“Debit Card”</I> means a prepaid Card and any Card issued by BAC in the **** that can be used to access checking, savings, now, current, deposit or share draft Account\nor other prepaid deposit amount, which is maintained by or on behalf of a cardholder with BAC and is accessed by such cardholder through a signature-based transaction where such funds are immediately debited from such Account.\n</FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>U.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">“**** <I>Support”</I> shall have the meaning ascribed to it in ****. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>V</B>.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">“****” means, for any period of calculation, ****. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>W</B>.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>“Effective Date”</I> means ****. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>X.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“****”</I> means the relevant number to be applied in calculating the **** by Bank of America, ****. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Y</B>.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>**** </I></FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Z.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B>**** </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>AA.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“****” </I>shall mean the actual **** generated in any given measurement period (<I>e.g., </I>quarterly or annually) **** (if annually) or **** (if quarterly)\nfor that same measurement period. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>BB</B>.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">“****” means the relevant numbers to be applied in calculating the **** paid or payable by Bank of America, as set forth in the ****. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>CC.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“Law” </I>means all statutes, rules, regulations, court orders, consent decrees and/or laws which apply to a party (in the reasonable legal opinion of counsel to\nsuch party) and affect matters contemplated by this Agreement, and all general principles of equity. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>DD.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">“**** <I>Support”</I> shall have the meaning ascribed to it in Section 2.4, and shall include **** Support and **** Support. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>EE.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B>**** </FONT></TD></TR></TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">E-2 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>FF.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>“MasterCard Card”</I> means a Card containing the name, logo, hologram, or service marks of MasterCard, or any Card that has “MasterCard Card” functionality\nor acceptance utility issued in accordance with and as defined in the Rules in effect from time to time. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>GG.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“MasterCard Competitor”</I> means **** and any other brand or payment form that the parties mutually and reasonably determine to be in competition with any\nMasterCard Card. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>HH.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“MasterCard ****”</I> means, for any period of calculation, the **** by ****, compared to **** by all **** in such period, ****. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>II.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B>“<I>MasterCard Standard Pricing</I>” means the issuer fees that would apply to BAC under the Rules as they pertain to the corresponding Territory for the period in\nissue ****. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>JJ.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“MCBS Manual”</I> means the <I>MasterCard Consolidated Billing System Manual</I>, as provided to members from time to time. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>KK.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“****”</I> means, for any period of calculation during the Term, all **** in such period and that are targeted to ****, whether MasterCard-branded or bearing any\nother payment brand. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>LL.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“****”</I> means, for any period of calculation during the Term, **** in such period and that are targeted to ****. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>MM.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“****” </I>means the applicable incentive paid for ****, pursuant to the terms of ****. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>NN.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“Person” </I>means any individual, partnership, corporation (including business trust), limited liability company, joint stock company, trust, unincorporated\nassociation, joint venture, or other entity, or a government or any political subdivision or agency thereof. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>OO.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“****” </I>shall mean, for any period of calculation during the Term, the sum of **** and **** during such period. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>PP.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“Required Reports”</I> shall mean the reports BAC shall provide to MasterCard as set forth in Section 4.4 hereto, and shall include MasterCard’s\nQuarterly BAC Reports (“QMR”). </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>QQ.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>**** </I></FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>RR.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“Rules” </I>means the MasterCard Bylaws and Rules, the Cirrus Worldwide Operating Rules, regional Maestro licensor rules, and any other directive, memorandum,\npolicy, or other requirement imposed by MasterCard, Maestro, Cirrus, or any other of MasterCard’s Affiliates relating to MasterCard Cards, Maestro-branded Cards, or Cirrus-branded Cards, as such bylaws and rules, operating rules, licensor\nrules, directives, memoranda, policies, or other requirements may be amended from time to time. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>SS.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“****” </I>means the **** that are defined in ****. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>TT.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“****”</I> means the **** set forth in ****. </FONT></TD></TR></TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">E-3 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>UU.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“****”</I> means the **** for which the **** are set forth in ****. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>VV.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B>“<I>Support” </I>means the obligations of MasterCard contained in Section 2. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>WW</B>.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>“Term”</I> shall have the meaning ascribed to it in Section 4.3. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>XX.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>“Territory”</I> means the ****. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>YY.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>“USD”</I> means United States Dollars. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>ZZ.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“****”</I> shall mean the **** used to determine which of the **** and **** are applicable. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>AAA.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B></B><I>“Year”</I> shall mean each consecutive 12 month period of the Agreement with the first such period commencing on the Effective Date. </FONT></TD></TR></TABLE> <P\nSTYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">E-4 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>EXHIBIT B </B></FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px\" ALIGN=\"center\"><FONT\nFACE=\"Times New Roman\" SIZE=\"2\"><B>CORE **** FEE DETAILS </B></FONT></P> <P STYLE=\"margin-top:18px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><U>A. Core Fees **** </U></FONT></P> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>1.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B><U>Authorization: </U> </B></FONT></TD></TR></TABLE>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B> </B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>**** </B></FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>2.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B><U>Settlement:</U> </B></FONT></TD></TR></TABLE>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B> </B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>**** </B></FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>3.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B><U>Connectivity: </U> </B></FONT></TD></TR></TABLE>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B> </B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>**** </B></FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>4.</B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B><U>****Assessments: </U> </B></FONT></TD></TR></TABLE>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B> </B></FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>**** </B></FONT></TD></TR></TABLE> <P STYLE=\"margin-top:6px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">**** </FONT></P> <P\nSTYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">E-5 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>EXHIBIT C </B></FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px\" ALIGN=\"center\"><FONT\nFACE=\"Times New Roman\" SIZE=\"2\"><B>REQUIRED REPORTING </B></FONT></P> <P STYLE=\"margin-top:12px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A. In addition to any reporting required under the Rules, BAC shall provide MasterCard at the\nend of each calendar quarter during the Term the following reporting: </FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">1. BAC shall make **** submit fifteen days (15) following the end of each\ncalendar quarter but which shall be submitted no later than thirty (30) days following the end of each calendar quarter a report for **** in the form attached as Exhibit D hereto, which shall include a **** report for each ensuing quarter of\nthe Year following such calendar quarter. Additionally, BAC shall make **** submit by **** of each Year an **** report for the following Year. ****. </FONT></P> <P STYLE=\"margin-top:12px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">2. In\nthe event that BAC acquires any Acquired Portfolio generating an average aggregate ****, then BAC will **** disclose the **** on such Acquired Portfolios to MasterCard for purposes of determining the **** and Revised Annual Targets; however no\nbenefits or incentives shall be available under this Agreement to the MasterCard Cards contained in such Acquired Portfolio generating an average aggregate **** until such time as BAC discloses such information to MasterCard and such determinations\nare made by MasterCard, the determinations not to be unreasonably withheld or delayed. </FONT></P> <P STYLE=\"margin-top:12px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">3. In the event that BAC in any way divests itself of a portfolio\nof MasterCard Cards generating an average aggregate ****, then (a) BAC will **** disclose the **** on such divested portfolio to MasterCard for purposes of determining the Revised Annual Targets, and (b) in the event that BAC is successful\nin convincing such purchaser/transferee to convert such MasterCard Cards as MasterCard Cards **** and to reissue such MasterCard Cards as MasterCard Cards (if the new issuer is otherwise going to reissue such cards), then BAC shall also ****\n(however **** shall be made under this Agreement until such time as BAC discloses such information to MasterCard and such determinations are made). MasterCard and BAC agree to explore reporting alternatives which may result in extracting the **** of\nthe Acquired Portfolio(s) via ****. </FONT></P> <P STYLE=\"margin-top:12px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">4. To compute the ****, BAC agrees to provide (1) an annual ****, by **** of the current Year, of the **** BAC\nanticipates **** the Annual Target for the following Year, (2) quarterly reporting of actual **** in the current Year and (3) any necessary adjustments to the **** annual **** which will be subject to the ****. </FONT></P> <P\nSTYLE=\"margin-top:12px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">5. To compute and be eligible to receive the ****, BAC agrees to provide (1) an annual **** by **** of the previous Year indicating which ****, as well as a ****\nnumber of **** for the following Year, and (2) quarterly reporting of **** and a full year **** of the aforementioned, in the form attached as Exhibit E hereto. </FONT></P> <P\nSTYLE=\"margin-top:18px;margin-bottom:0px; margin-left:2%; text-indent:-2%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">B. MasterCard shall provide to BAC at the end of each calendar quarter during the Term the following reporting: </FONT></P> <P\nSTYLE=\"margin-top:6px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">1. MasterCard shall **** provide quarterly reporting to BAC with detailed **** in the Form attached as Exhibit F hereto within fifteen days following its receipt of\nBAC’s Required Report as specified in Section A.1. above. </FONT></P> <P STYLE=\"margin-top:12px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">2. MasterCard, at the end of each Year of the Agreement will provide a ****, including,\nwithout limitation, those set forth in Section 2.3. </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">E-6 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>EXHIBIT D </B></FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px\" ALIGN=\"center\"><FONT\nFACE=\"Times New Roman\" SIZE=\"2\"><B>QUARTERLY PERFORMANCE AND **** REPORT </B></FONT></P> <P STYLE=\"margin-top:12px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>BAC / MASTERCARD </B></FONT></P> <P\nSTYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>KEY PLANNING METRICS </B></FONT></P> <P STYLE=\"margin-top:12px;margin-bottom:0px; text-indent:4%\"><FONT FACE=\"Times New Roman\"\nSIZE=\"2\"> **** </FONT></P> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" ALIGN=\"center\">\n\n<TR>\n<TD WIDTH=\"40%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"5%\"></TD>\n<TD></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"5%\"></TD>\n<TD></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"5%\"></TD>\n<TD></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"5%\"></TD>\n<TD></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"5%\"></TD>\n<TD></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"5%\"></TD>\n<TD></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"5%\"></TD>\n<TD></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"5%\"></TD>\n<TD></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"5%\"></TD>\n<TD></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"5%\"></TD>\n<TD></TD></TR>\n<TR>\n<TD VALIGN=\"bottom\"> <P STYLE=\"margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>QUARTERLY METRICS – ***</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD></TR>\n<TR>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>1st<BR>Quarter</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>2nd<BR>Quarter</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>3rd<BR>Quarter</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>4th<BR>Quarter</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Full<BR>Year</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Total MasterCard Retail Volume (in $ billions)</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Total MasterCard GDV (in $ billions)</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"bottom\" NOWRAP> <P STYLE=\"margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>QUARTERLY METRICS – ACTUAL</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD></TR>\n<TR>\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>1st<BR>Quarter</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Variance<BR>to ****</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>2nd<BR>Quarter</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Variance<BR>to ****</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>3rd<BR>Quarter</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Variance<BR>to ***</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>4th<BR>Quarter</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Variance<BR>to ****</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Full<BR>Year</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Variance<BR>to ****</B></FONT></TD></TR>\n<TR>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Actual</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Actual</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Actual</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Actual</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Actual</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Total MasterCard Retail Volume (in $ billions)</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Total MasterCard GDV (in $ billions)</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n</TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">E-7 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>EXHIBIT E </B></FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px\" ALIGN=\"center\"><FONT\nFACE=\"Times New Roman\" SIZE=\"2\"><B>**** SUPPORT REPORTING </B></FONT></P> <P STYLE=\"margin-top:18px;margin-bottom:0px; text-indent:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Annual **** Report: </B></FONT></P> <P\nSTYLE=\"margin-top:12px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>BAC / MASTERCARD </B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>KEY PLANNING METRICS </B></FONT></P> <P\nSTYLE=\"margin-top:12px;margin-bottom:0px; text-indent:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B> **** </B></FONT></P> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" ALIGN=\"center\">\n\n<TR>\n<TD WIDTH=\"21%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"15%\"></TD>\n<TD></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"16%\"></TD>\n<TD></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"16%\"></TD>\n<TD></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"16%\"></TD>\n<TD></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"16%\"></TD>\n<TD></TD></TR>\n<TR>\n<TD VALIGN=\"bottom\" COLSPAN=\"3\" NOWRAP><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B><U>QUARTERLY METRICS – ****</U></B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD></TR>\n<TR>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\"> <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>1st</B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:1px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\"\nSIZE=\"1\"><B><U>Quarter</U></B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\"> <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>2nd</B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:1px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\"\nSIZE=\"1\"><B><U>Quarter</U></B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\"> <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>3rd</B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:1px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\"\nSIZE=\"1\"><B><U>Quarter</U></B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\"> <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>4th</B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:1px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\"\nSIZE=\"1\"><B><U>Quarter</U></B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\"> <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Full</B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:1px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\"\nSIZE=\"1\"><B><U>Year</U></B></FONT></P></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Total MasterCard Retail Sales Volume (in $ billions)</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Total MasterCard GDV (in $ billions)</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n</TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">E-8 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Quarterly **** Support Report: </B></FONT></P> <P\nSTYLE=\"margin-top:6px;margin-bottom:0px; margin-left:2%; text-indent:-2%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">**** </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">E-9 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>EXHIBIT F </B></FONT></P> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"60%\" BORDER=\"0\" ALIGN=\"center\">\n\n<TR>\n<TD WIDTH=\"39%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"11%\"></TD>\n<TD WIDTH=\"20%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"11%\"></TD>\n<TD WIDTH=\"19%\"></TD></TR>\n<TR>\n<TD VALIGN=\"bottom\"> <P STYLE=\"margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Qtr___Year____</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" ALIGN=\"center\" STYLE=\"border-bottom:1px solid #000000\"> <P STYLE=\"margin-top:0px;margin-bottom:1px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Segment Name:</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD></TR>\n<TR>\n<TD HEIGHT=\"5\"></TD>\n<TD HEIGHT=\"5\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"5\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">In $</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"></TD></TR>\n<TR>\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\" NOWRAP> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Core Fees Excluding Quarterly</B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:1px\"><FONT FACE=\"Times New Roman\"\nSIZE=\"2\"><B>Assessments</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:3.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Month\n<U> </U></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:3.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Month\n<U> </U></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:3.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Month\n<U> </U></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Subtotal</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR STYLE=\"font-size:1px\">\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" STYLE=\"border-top:3px double #000000\"> </TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Quarterly Assessments</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Qtr <U> </U> Year <U> </U></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Subtotal</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR STYLE=\"font-size:1px\">\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" STYLE=\"border-top:3px double #000000\"> </TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\" NOWRAP><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Parent/Child Assessment Rebate</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Subtotal</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR STYLE=\"font-size:1px\">\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" STYLE=\"border-top:3px double #000000\"> </TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Total Core Fees</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>GDV</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Assessable Retail GDV</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Basis Points</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:3.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Core</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:3.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Deal</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Fees</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:3.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Core</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:3.00em; text-indent:-1.00em\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Deal</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n<TR>\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Discount</B></FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"></TD></TR>\n</TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">E-10 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>EXHIBIT G1 </B></FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px\" ALIGN=\"center\"><FONT\nFACE=\"Times New Roman\" SIZE=\"2\"><B>**** </B></FONT></P> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"80%\" BORDER=\"0\" ALIGN=\"center\">\n\n<TR>\n<TD WIDTH=\"6%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"2%\"></TD>\n<TD WIDTH=\"45%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"2%\"></TD>\n<TD WIDTH=\"45%\"></TD></TR>\n<TR>\n<TD VALIGN=\"bottom\"> <P STYLE=\"margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Agreement</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" STYLE=\"border-bottom:1px solid #000000\"> <P STYLE=\"margin-top:0px;margin-bottom:1px\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>**** Provision</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" NOWRAP STYLE=\"border-bottom:1px solid #000000\"> <P STYLE=\"margin-top:0px;margin-bottom:1px\"><FONT FACE=\"Times New Roman\"\nSIZE=\"1\"><B>Summary of Provision (for information purposes only)</B></FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n</TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">E-11 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>EXHIBIT G2 </B></FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px\" ALIGN=\"center\"><FONT\nFACE=\"Times New Roman\" SIZE=\"2\"><B>**** </B></FONT></P> <P STYLE=\"font-size:12px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"80%\" BORDER=\"0\" ALIGN=\"center\">\n\n<TR>\n<TD WIDTH=\"6%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"2%\"></TD>\n<TD WIDTH=\"45%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"2%\"></TD>\n<TD WIDTH=\"45%\"></TD></TR>\n<TR>\n<TD VALIGN=\"bottom\"> <P STYLE=\"margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Agreement</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" STYLE=\"border-bottom:1px solid #000000\"> <P STYLE=\"margin-top:0px;margin-bottom:1px\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>**** Provision</B></FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\" NOWRAP STYLE=\"border-bottom:1px solid #000000\"> <P STYLE=\"margin-top:0px;margin-bottom:1px\"><FONT FACE=\"Times New Roman\" SIZE=\"1\"><B>Summary of Provision (for information purposes only)</B></FONT></P></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n<TR BGCOLOR=\"#cceeff\">\n<TD VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">****</FONT></TD></TR>\n</TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">E-12 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>EXHIBIT H </B></FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px\" ALIGN=\"center\"><FONT\nFACE=\"Times New Roman\" SIZE=\"2\"><B>STANDARD TERMS AND CONDITIONS </B></FONT></P> <P STYLE=\"margin-top:12px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">As provided in Section 4.10 of the Agreement, the following Standard Terms and\nConditions form a part of and are incorporated by reference into the Agreement. </FONT></P> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">H.1</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>Confidentiality</I>. Except as otherwise provided under the Rules or required by Law, during the Term and for five years thereafter BAC and MasterCard will treat any information\nrelating to this Agreement, the existence of this Agreement, and all terms and conditions of this Agreement as confidential. Such confidential information shall be disclosed only to those individuals with a reasonable need to know within their\norganizations (provided such individuals agree to be bound by the confidentiality obligations herein). Such confidential information shall not be disclosed to third parties without the prior written approval of the non-disclosing party hereto,\nexcept that either party may disclose same to its auditors, accountants, regulators, board members or outside counsel, provided that such persons are advised of, and observe the obligations of this Section H.1. The parties acknowledge that, in the\nevent of a breach of Section H.1 of this Agreement, the non-breaching party will likely suffer irreparable damage that cannot be fully remedied by monetary damages. Accordingly, in addition to any remedy which the non-breaching party may possess\npursuant to Law, the non-breaching party retains the right to seek and obtain injunctive relief against any such breach in any court of competent jurisdiction. The provisions of this Section H.1 supercede the confidentiality obligations contained in\nany prior communications between the parties hereto relating to the subject matter of this Agreement. In addition, the provisions of this Section H.1 shall survive the termination of this Agreement. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">H.2</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>Rules. </I>Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall modify or in any way affect Bank of America’s and MasterCard’s\nrespective rights and obligations under the Rules. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">H.3.</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>Enforceability</I>. If one or more of the provisions contained herein shall, for any reason, be held by a court of competent jurisdiction to be unenforceable or invalid in any\nrespect under Law, such unenforceability or invalidity shall not affect any other provision of this Agreement, and this Agreement shall then be construed as if such unenforceable or invalid provisions had never been contained herein and the parties\nshall immediately commence negotiations in good faith to reform this Agreement to make alternative provisions herein that reflect the intentions and purposes of the severed provisions in a manner that does not run afoul of the basis for such\nunenforceability or invalidity. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">H.4</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>Choice of Law</I>. This Agreement and the respective rights and obligations of the parties hereto shall be governed by the laws of the State of New York, excluding any\n“conflict of laws” or similar provisions that would mandate or permit application of the substantive law of any other jurisdiction. </FONT></TD></TR></TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">E-13 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">H.5</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>Execution Authority. </I>MasterCard and BAC each represent and warrant that it has all necessary corporate power and authority to enter into this Agreement and, when executed and\ndelivered, this Agreement shall be each of BAC’s and MasterCard’s legal, valid and binding obligation enforceable in accordance with its terms, except as such enforceability may be limited by Law. Each party represents that such party is\nnot subject to any pending or threatened litigation or governmental action which could interfere with such party’s performance of its obligations hereunder, other than as publicly disclosed. Each party acknowledges and agrees that the party is\nnot an agent, representative or employee of the other party and that neither party will have the power to obligate or bind the other party. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">H.6</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>Remedies.</I> Except as otherwise expressly provided herein, the remedies for breach stated herein are non-exclusive. In addition to these remedies, the parties shall be entitled\nto pursue any other remedies that they may have at law or in equity. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">H.7</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>Termination. </I></FONT></TD></TR></TABLE> <P STYLE=\"margin-top:6px;margin-bottom:0px; margin-left:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">(a) Prior to the scheduled conclusion\nof the Term, either party may terminate this Agreement by giving notice to the other party in the event that the other party materially breaches any of its obligations under this Agreement, which breach is not cured within thirty (30) days\nafter notice thereof, or if cure cannot be effected in such time, such additional time as is necessary to cure using commercially reasonable efforts; <I>provided</I> that the failure of the cure period to expire shall not preclude either party from\nseeking an order for injunctive relief with respect to any breach or threatened breach of the confidentiality provisions of this Agreement. </FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px; margin-left:4%\"><FONT FACE=\"Times New Roman\"\nSIZE=\"2\">(b) This Agreement will terminate immediately at the election of the non-breaching party in the event that: (i) a court of competent jurisdiction assumes custody, attaches or sequesters all or a material portion of a party’s\nproperty or assets, which custody, attachment or sequestration is not suspended or terminated; (ii) a party admits in writing its inability to pay its debts generally as they become due; (iii) a party becomes insolvent (whether by balance\nsheet insolvency or a failure to meet obligations in the ordinary course) or makes an assignment for the benefit of creditors; (iv) a party files any voluntary, or if there is filed against such party an involuntary, petition in bankruptcy\nunder the United States Bankruptcy Code, or any similar bankruptcy or insolvency laws of another jurisdiction (as now or in the future enacted or amended), provided that in the event of any involuntary petition the breaching party will have a period\nof sixty (60) days from the date of filing thereof to discharge the same; or (v) a party consents to the appointment of a receiver for all or a substantial portion of its property or assets. </FONT></P> <P\nSTYLE=\"margin-top:6px;margin-bottom:0px; margin-left:4%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">(c) MasterCard may terminate this Agreement upon thirty (30) days notice to BAC in the event that BAC ceases to be a licensed issuer of MasterCard\nbranded products. </FONT></P> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">H.8</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"> <P ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>Continued Observance.</I> The obligations stated herein shall be binding upon and inure to the benefit of each of the parties and their respective successors and\nassigns, provided however, </FONT>\n</P></TD></TR></TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">E-14 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"> <P>\n<FONT FACE=\"Times New Roman\" SIZE=\"2\">that no party shall have the right to transfer to any third party (including without limitation, by way of sale of any MasterCard Cards subject to this\nAgreement, by voluntary or involuntary transfer, by operation of law or otherwise) any of its rights under this Agreement against the other party, or the benefits thereof, without first obtaining the prior written consent of the other party. If any\nPerson acquires any interest in this Agreement or the subject matter hereof in any manner, whether by acquiring any MasterCard Cards subject to this Agreement, by voluntary or involuntary transfer, by operation of law or otherwise, such interest\nshall be held subject to all of the terms of this Agreement and by taking or holding such interest, such Person shall be conclusively deemed to have agreed to be bound by, and to comply with, all of the terms and obligations of this Agreement.\n</FONT></P></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">H.9</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>Force Majeure.</I> Neither party shall be held responsible for any delay or failure in performance to the extent such delay or failure is caused by fire, flood, explosion,\nterrorism, war, strike, embargo, government requirement, civil or military authority, act of God, act or omission of carriers or other similar causes beyond its control, that was not reasonably foreseeable or avoidable, and without the fault or\nnegligence and/or lack of diligence of the delayed party (“force majeure condition”). The non-delayed party shall have the right to terminate this Agreement if such force majeure condition endures for more than one hundred forty\n(140) days upon providing at least thirty (30) days written notice to the delayed party. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">H.10</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>Indemnification. </I>Each of the parties (the “indemnifying party”) agrees, at its own expense, to defend, protect, indemnify, and hold the other party, and any of its\ndirectors, officers, employees and agents (collectively, the “indemnified party”) harmless from and against: (a) any action or threatened action, suit, claim or proceeding, whether or not well grounded, arising out of any\n(i) wrongful act or omission of the indemnifying party, its employees, agents, and subcontractors relating to the subject matter of this Agreement, or (ii) any breach of this Agreement by the indemnifying party; and (b) against any\nand all expenses (including reasonable attorneys’ fees), judgments, fines, costs, amounts paid in settlement or any loss or damage incurred by the indemnified party, or any of the above-named indemnified parties relating thereto. The\nindemnifying party will give prompt notice to the indemnified party of any event or circumstance that it believes gives right to an obligation of indemnity and the indemnified party will cooperate with the indemnifying party in the defense and\nresolution thereof. Failure to give timely notice will not excuse any obligation of indemnity provided that the indemnifying party obtains actual knowledge of the event or circumstance, except to the extent an indemnifying party’s ability to\neliminate or mitigate any claim or loss is prejudiced thereby. In addition, the provisions of this Section H.10 shall survive the termination of this Agreement. </FONT></TD></TR></TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT\nSIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">E-15 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">H.11</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>Dispute Resolution</I>. Unless otherwise provided herein, the following procedure will be adhered to in all disputes arising under this Agreement which the Parties cannot resolve\ninformally. The aggrieved Party shall notify the other Party in writing of the nature of the dispute with as much detail as possible about the deficient performance of the other Party. Authorized executives of each Party with the appropriate\ndecision-making authority (the “Representatives”) shall meet (in person or by telephone) within seven (7) calendar days after the date of the written notification to reach an agreement about the nature of the deficiency and the\ncorrective action to be taken by the respective Parties. The Representatives shall produce a report about the nature of the dispute in detail to their respective management. If the Representatives do not meet or are unable to agree on corrective\naction, senior managers of the Parties having authority to resolve the dispute without the further consent of any other person (“Management”) shall meet or otherwise act to facilitate an agreement within fourteen (14) calendar days of\nthe date of the written notification. If Management do not meet or cannot resolve the dispute or agree upon a written plan of corrective action to do so within seven (7) calendar days after their initial meeting or other action, or if the\nagreed-upon completion dates in the written plan of corrective action are exceeded, either Party may pursue any rights or remedies it may have. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:18px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">H.12</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><I>Miscellaneous. </I></FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">(a)</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">Except as otherwise provided herein, no waiver shall be effective unless made in writing. This Agreement can only be amended or modified in a written agreement signed by both\nparties. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">(b)</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">The parties hereto shall ensure that their obligations under this Agreement are performed in accordance with all Laws and registrations, directions, permissions, licenses, waivers,\nconsents, approvals and other authorizations of competent governmental authorities. </FONT></TD></TR></TABLE> <P STYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">(c)</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">This Agreement may be executed in one or more counterparts, each of which, taken together, shall constitute but one original document. </FONT></TD></TR></TABLE> <P\nSTYLE=\"font-size:6px;margin-top:0px;margin-bottom:0px\"> </P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">(d)</FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">The captions in this Agreement are included for convenience only and shall not affect the meaning or interpretation of this Agreement. </FONT></TD></TR></TABLE> <P\nSTYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">E-16 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Annex A </B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>****\n</B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A-1 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Annex B </B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>****\n</B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A-2 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Annex C </B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>****\n</B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A-3 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Annex D </B></FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Sample\n**** Support Initiatives </B></FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"> ****\n</FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A-4 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Annex E </B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>****\n– Examples of Use </B></FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"> **** </FONT></P> <P\nSTYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A-5 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Annex F </B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\"\nSIZE=\"2\"><B>Additional Support </B></FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px; margin-left:2%; text-indent:-2%\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"> ****\n</FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A-6 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Annex G </B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>****\nCalculations and Examples </B></FONT></P> <P STYLE=\"margin-top:6px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\"\nSIZE=\"2\"> **** </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A-7 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Annex H </B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>****\n</B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A-8 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Annex I </B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>****\n</B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A-9 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Annex J </B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>****\n</B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A-10 </FONT></P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" COLOR=\"#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>Annex K </B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"Times New Roman\" SIZE=\"2\"><B>****\n</B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"center\"><FONT FACE=\"Times New Roman\" SIZE=\"2\">A-11 </FONT></P>\n\n</BODY></HTML>\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":81,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1182534/0001193125-21-352632-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1182534/0001193125-21-352632.txt"},"cik":{"kind":"string","value":"1182534"},"name":{"kind":"string","value":"VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC"},"type":{"kind":"string","value":"8-K"},"filing_date":{"kind":"string","value":"2021-12-09"},"report_date":{"kind":"string","value":"2021-12-07"},"seq":{"kind":"string","value":"6"},"desc":{"kind":"string","value":"EX-10.3"},"doc_type":{"kind":"string","value":"EX-10.3"},"size":{"kind":"string","value":"86449"},"filename":{"kind":"string","value":"d158422dex103.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1182534/000119312521352632/d158422dex103.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/3e5ca991157fec26a386d9f99da36730390a85b3.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2021-12-09\", \"Accepted\": \"2021-12-09 15:56:57\", \"Documents\": \"9\", \"Period of Report\": \"2021-12-07\", \"Items\": \"Item 1.01: Entry into a Material Definitive Agreement\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.3\n<SEQUENCE>6\n<FILENAME>d158422dex103.htm\n<DESCRIPTION>EX-10.3\n<TEXT>\n<HTML><HEAD>\n<TITLE>EX-10.3</TITLE>\n</HEAD>\n <BODY BGCOLOR=\"WHITE\">\n\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"right\"><B>Exhibit 10.3 </B></P> <P STYLE=\"font-size:12pt;margin-top:0pt;margin-bottom:0pt\"> </P>\n<P STYLE=\"line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000\"> </P> <P STYLE=\"line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000\"> </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><B>ADMINISTRATION AGREEMENT </B></P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><B>among </B></P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><B>VOLKSWAGEN AUTO\nLOAN ENHANCED TRUST <FONT STYLE=\"white-space:nowrap\">2021-1,</FONT> </B></P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><B>as Issuer </B></P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><B>VW CREDIT, INC., </B></P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><B>as\nAdministrator </B></P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><B>and </B></P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><B>U.S. BANK NATIONAL ASSOCIATION, </B></P>\n<P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><B>as Indenture Trustee </B></P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><B>Dated as of December 13, 2021 </B></P> <P STYLE=\"font-size:12pt;margin-top:0pt;margin-bottom:0pt\"> </P>\n<P STYLE=\"line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000\"> </P> <P STYLE=\"line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000\"> </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n<TR>\n\n<TD WIDTH=\"50%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"48%\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"right\"><I>2021-1 Administration Agreement</I></TD></TR></TABLE>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\">\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><B>TABLE OF CONTENTS </B></P>\n<P STYLE=\"font-size:12pt;margin-top:0pt;margin-bottom:0pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n\n<TR>\n\n<TD WIDTH=\"2%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"94%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD></TD>\n<TD></TD>\n<TD></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt\">\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" COLSPAN=\"2\" ALIGN=\"center\"><B>Page</B></TD>\n<TD VALIGN=\"bottom\"> </TD></TR>\n\n\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">1.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Duties of the Administrator</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">1</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">2.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Records</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">3</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">3.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Compensation; Payment of Fees and Expenses</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">3</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">4.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Independence of the Administrator</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">3</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">5.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>No Joint Venture</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">3</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">6.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Other Activities of the Administrator</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">3</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">7.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Representations and Warranties of the Administrator</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">4</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">8.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Administrator Replacement Events; Termination of the Administrator</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">4</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">9.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Action upon Termination or Removal</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">6</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">10.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Liens</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">6</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">11.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Notices</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">6</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">12.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Amendments</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">7</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">13.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Governing Law; Submission to Jurisdiction; Waiver of Jury Trial</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">8</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">14.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Headings</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">8</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">15.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Counterparts</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">8</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">16.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Entire Agreement</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">9</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">17.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Severability of Provisions</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">9</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">18.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Not Applicable to VCI in Other Capacities</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">9</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">19.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Benefits of the Administration Agreement</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">9</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">20.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Assignment</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">9</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">21.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Nonpetition Covenant</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">9</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">22.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Limitation of Liability</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">10</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">23.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Other Interpretive Provisions</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">10</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"8\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"2\"></TD>\n<TD HEIGHT=\"8\" COLSPAN=\"4\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">24.</P></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"bottom\" NOWRAP>Electronic Signatures and Transmission</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD>\n<TD NOWRAP VALIGN=\"bottom\" ALIGN=\"right\">11</TD>\n<TD NOWRAP VALIGN=\"bottom\"> </TD></TR>\n</TABLE> <P STYLE=\"font-size:18pt; margin-top:0pt; margin-bottom:0pt\"> </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n<TR>\n\n<TD WIDTH=\"49%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"2%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"47%\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"center\">-i-</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"right\"><I>2021-1 Administration Agreement</I></TD></TR></TABLE>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\">\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">THIS ADMINISTRATION AGREEMENT (this “<U>Agreement</U>”) dated as of\nDecember 13, 2021, is between VOLKSWAGEN AUTO LOAN ENHANCED TRUST <FONT STYLE=\"white-space:nowrap\">2021-1,</FONT> a Delaware statutory trust (the “<U>Issuer</U>”), VW CREDIT, INC., a Delaware corporation, as administrator\n(“<U>VCI</U>” or in its capacity as administrator, the “<U>Administrator</U>”), and U.S. Bank National Association, a national banking association, as indenture trustee (the “<U>Indenture Trustee</U>”). Capitalized\nterms used herein and not otherwise defined herein shall have the meanings assigned such terms in <U>Appendix A</U> to the Sale and Servicing Agreement dated as of the date hereof (the “<U>Sale and Servicing Agreement</U>”) by and among\nVolkswagen Auto Lease/Loan Underwritten Funding, LLC, as seller, the Issuer, VCI, as servicer, and the Indenture Trustee. </P> <P STYLE=\"margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">W I T N E S S E\nT H : </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">WHEREAS, the Issuer has issued the Notes pursuant to the Indenture and the Certificate pursuant to the Trust Agreement and has\nentered into certain agreements in connection therewith, including, (i) the Sale and Servicing Agreement, (ii) the Indenture and (iii) the Note Depository Agreement (the Trust Agreement and each of the agreements referred to in\nclauses (i) through (iii) are referred to herein collectively as the “<U>Issuer Documents</U>”); </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">WHEREAS, to secure\npayment of the Notes, the Issuer has pledged the Collateral to the Indenture Trustee pursuant to the Indenture; </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">WHEREAS, pursuant to the\nIssuer Documents, the Issuer and the Owner Trustee are required to perform certain duties; </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">WHEREAS, the Issuer and the Owner Trustee\ndesire to have the Administrator perform certain of the duties of the Issuer and the Owner Trustee (in its capacity as owner trustee under the Trust Agreement), and to provide such additional services consistent with this Agreement and the Issuer\nDocuments as the Issuer may from time to time request; </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">WHEREAS, the Administrator has the capacity to provide the services required\nhereby and is willing to perform such services for the Issuer and the Owner Trustee on the terms set forth herein; </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">NOW, THEREFORE, in\nconsideration of the mutual terms and covenants contained herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">1. <U>Duties of the Administrator</U>. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) <U>Duties with Respect to the Issuer Documents</U>. The Administrator shall perform all of its duties as Administrator\nunder this Agreement and the Issuer Documents and the duties and obligations of the Issuer and the Owner Trustee (in its capacity as owner trustee under the Trust Agreement) under the Issuer Documents, including the execution on behalf of the Issuer\nof any amendment to the Indenture that is being executed pursuant to Section 9.1(c) thereof, which such amendments the Administrator is authorized to execute and deliver on behalf of the Issuer; <I>provided</I>,<I> however</I>, except as\notherwise provided in the Issuer Documents, that the Administrator shall have no obligation to make any payment required to be made by the Issuer under any Issuer </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n<TR>\n\n<TD WIDTH=\"50%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"48%\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"right\"><I>2021-1 Administration Agreement</I></TD></TR></TABLE>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\">\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman\">\nDocument; <I>provided</I>, <I>further</I>, <I>however</I>, that the Administrator shall have no obligation, and the Owner Trustee shall be required to fully perform its duties, with respect to\nthe obligations of the Owner Trustee under Sections 11.12, 11.13, 11.14 and 11.15 of the Trust Agreement and to otherwise comply with the requirements of the Owner Trustee related to Regulation AB. In addition, the Administrator shall consult with\nthe Issuer and the Owner Trustee regarding its duties and obligations under the Issuer Documents. The Administrator shall monitor the performance of the Issuer and the Owner Trustee and shall advise the Issuer and the Owner Trustee when action is\nnecessary to comply with the Issuer’s and the Owner Trustee’s duties and obligations under the Issuer Documents. The Administrator shall perform such calculations, and shall prepare for execution by the Issuer or shall cause the\npreparation by other appropriate persons of all such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer to prepare, file and deliver pursuant to the Issuer Documents. In furtherance of the\nforegoing, the Administrator shall take all appropriate action that is the duty of the Issuer to take pursuant to the Issuer Documents, and shall prepare, execute, file and deliver on behalf of the Issuer all such documents, reports, filings,\ninstruments, certificates and opinions as it shall be the duty of the Issuer to prepare, file or deliver pursuant to the Issuer Documents or otherwise by law. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(b) <U>Notices to Rating Agencies</U>. The Administrator shall give notice to each Rating Agency of (i) any merger or\nconsolidation of the Owner Trustee pursuant to Section 10.4 of the Trust Agreement; (ii) any merger or consolidation of the Indenture Trustee pursuant to Section 6.9 of the Indenture; (iii) any resignation or removal of the\nIndenture Trustee pursuant to Section 6.8 of the Indenture; (iv) any Default or Event of Default of which it has been provided notice pursuant to Section 6.5 of the Indenture; (v) the termination of, and/or appointment of a\nsuccessor to, the Servicer pursuant to Section 7.1 of the Sale and Servicing Agreement; and (vi) any supplemental indenture pursuant to Section 9.1 or 9.2 of the Indenture; which notice shall be given, in the case of each of\n(i) through (vi), promptly upon the Administrator being notified thereof by the Owner Trustee, the Indenture Trustee or the Servicer, as applicable. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(c) <U>No Action by Administrator</U>. Notwithstanding anything to the contrary in this Agreement, the Administrator shall not\nbe obligated to, and shall not, take any action that the Issuer directs the Administrator not to take or which would result in a violation or breach of the Issuer’s covenants, agreements or obligations under any of the Issuer Documents. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(d) <U><FONT STYLE=\"white-space:nowrap\">Non-Ministerial</FONT> Matters; Exceptions to Administrator Duties</U>. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) Notwithstanding anything to the contrary in this Agreement, with respect to matters that in the reasonable judgment of the\nAdministrator are non-ministerial, the Administrator shall not take any action unless, within a reasonable time before the taking of such action, the Administrator shall have notified the Issuer of the proposed action and the Issuer shall not have\nwithheld consent or provided an alternative direction. For the purpose of the preceding sentence, <FONT STYLE=\"white-space:nowrap\">“non-ministerial</FONT> matters” shall include, without limitation: </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n<TR>\n\n<TD WIDTH=\"50%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"1%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"47%\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"center\">2</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"right\"><I>2021-1 Administration Agreement</I></TD></TR></TABLE>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\">\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(A) the initiation of any claim or lawsuit by the Issuer and the compromise\nof any action, claim or lawsuit brought by or against the Issuer; </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(B) the appointment of successor Note Registrars,\nsuccessor Paying Agents, successor Indenture Trustees, successor Administrators or successor Servicers, or the consent to the assignment by the Note Registrar, the Paying Agent or the Indenture Trustee of its obligations under the Indenture; and\n</P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(C) the removal of the Indenture Trustee. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(ii) Notwithstanding anything to the contrary in this Agreement, the Administrator shall not be obligated to, and shall not,\n(x) make any payments to the Noteholders under the Transaction Documents, (y) except as provided in the Transaction Documents, sell the Trust Estate or (z) take any other action that the Issuer directs the Administrator not to take on\nits behalf. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">2. <U>Records</U>. The Administrator shall maintain appropriate books of account and records relating to services performed\nhereunder, which books of account and records shall be accessible for inspection upon reasonable written request by the Issuer, the Seller and the Indenture Trustee at any time during normal business hours. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">3. <U>Compensation; Payment of Fees and Expenses</U>. As compensation for the performance of the Administrator’s obligations under this\nAgreement, the Administrator shall be entitled to receive $30,000 annually which shall be solely an obligation of the Servicer. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">4. <U>Independence of the Administrator</U>. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall\nnot be subject to the supervision of the Issuer with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or to\nrepresent the Issuer in any way (other than as permitted hereunder) and shall not otherwise be deemed an agent of the Issuer. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">5. <U>No\nJoint Venture</U>. Nothing contained in this Agreement (i) shall constitute the Administrator and the Issuer as members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) shall\nbe construed to impose any liability as such on the Administrator or the Issuer or (iii) shall be deemed to confer on the Administrator or the Issuer any express, implied or apparent authority to incur any obligation or liability on behalf of\nthe other. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">6. <U>Other Activities of the Administrator</U>. Nothing herein shall prevent the Administrator or its Affiliates from engaging\nin other businesses or, in its sole discretion, from acting in a similar capacity as an Administrator for any other Person even though such Person may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture\nTrustee. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n<TR>\n\n<TD WIDTH=\"50%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"1%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"47%\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"center\">3</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"right\"><I>2021-1 Administration Agreement</I></TD></TR></TABLE>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\">\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">7. <U>Representations and Warranties of the Administrator</U>. The Administrator represents\nand warrants to the Issuer and the Indenture Trustee as follows: </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) <U>Existence and Power</U>. The Administrator is a\ncorporation validly existing and in good standing under the laws of its state of organization and has, in all material respects, all power and authority to carry on its business as now conducted. The Administrator has obtained all necessary licenses\nand approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of the Administrator to perform its obligations under the Transaction Documents or affect the enforceability or collectibility of the\nReceivables or any other part of the Collateral. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(b) <U>Authorization and No Contravention</U>.<B> </B>The execution,\ndelivery and performance by the Administrator of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Administrator and (ii) do not contravene or constitute a default\nunder (A) any applicable law, rule or regulation, (B) its organizational documents or (C) any material agreement, contract, order or other instrument to which it is a party or its property is subject (other than violations which do\nnot affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s ability to perform its\nobligations under, the Transaction Documents). </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(c) <U>No Consent Required</U>. No approval or authorization by, or filing\nwith, any Governmental Authority is required in connection with the execution, delivery and performance by the Administrator of any Transaction Document other than (i) UCC filings, (ii) approvals and authorizations that have previously\nbeen obtained and filings that have previously been made and (iii) approvals, authorizations or filings which, if not obtained or made, would not have a material adverse effect on the enforceability or collectibility of the Receivables or any\nother part of the Collateral or would not materially and adversely affect the ability of the Administrator to perform its obligations under the Transaction Documents. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(d) <U>Binding Effect</U>. Each Transaction Document to which the Administrator is a party constitutes the legal, valid and\nbinding obligation of the Administrator enforceable against the Administrator in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, receivership, conservatorship\nor other similar laws affecting the enforcement of creditors’ rights generally and, if applicable, the rights of creditors of corporations from time to time in effect or by general principles of equity. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">8. <U>Administrator Replacement Events; Termination of the Administrator</U>. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) Subject to clauses (d) and (e) below, the Administrator may resign its duties hereunder by providing the Issuer with\nat least 60 days’ prior written notice. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(b) Subject to clauses (d) and (e) below, the Issuer may remove the\nAdministrator without cause by providing the Administrator with at least 60 days’ prior written notice. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n<TR>\n\n<TD WIDTH=\"50%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"1%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"47%\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"center\">4</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"right\"><I>2021-1 Administration Agreement</I></TD></TR></TABLE>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\">\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(c) The occurrence of any one of the following events (each, an\n“<U>Administrator Replacement Event</U>”) shall also entitle the Issuer, subject to <U>Section</U><U></U><U> 20</U> hereof, to terminate and replace the Administrator: </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) any failure by the Administrator to deliver or cause to be delivered any required payment to the Indenture Trustee for\ndistribution to the Noteholders, which failure continues unremedied for ten Business Days after discovery thereof by a Responsible Officer of the Administrator or receipt by the Administrator of written notice thereof from the Indenture Trustee or\nNoteholders evidencing at least a majority of the aggregate principal balance of the Outstanding Notes; </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(ii) any failure\nby the Administrator to duly observe or perform in any material respect any other of its covenants or agreements in this Agreement, which failure materially and adversely affects the rights of the Issuer or the Noteholders, and which continues\nunremedied for 90 days after discovery thereof by a Responsible Officer of the Administrator or receipt by the Administrator of written notice thereof from the Indenture Trustee or Noteholders evidencing at least a majority of the aggregate\nprincipal balance of the Outstanding Notes; </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(iii) any representation or warranty of the Administrator made in any\nTransaction Document to which the Administrator is a party or by which it is bound or any certificate delivered pursuant to this Agreement proves to have been incorrect in any material respect when made, which failure materially and adversely\naffects the rights of the Issuer or the Noteholders, and which failure continues unremedied for 90 days after discovery thereof by a Responsible Officer of the Administrator or receipt by the Administrator of written notice thereof from the\nIndenture Trustee or Noteholders evidencing at least a majority of the aggregate principal balance of the Outstanding Notes (it being understood that any repurchase of a Receivable by VCI pursuant to Section 3.3 of the Purchase Agreement, by\nthe Seller pursuant to Section 2.4 of the Sale and Servicing Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement shall be deemed to remedy any incorrect representation or warranty with respect to such\nReceivable); or </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(iv) the Administrator suffers a Bankruptcy Event; </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman\"><I>provided</I>, <I>however</I>, that a delay in or failure of performance referred to under clauses (i), (ii) or (iii) above for a period\nof 150 days will not constitute an Administrator Replacement Event if such delay or failure was caused by <I>force majeure </I>or other similar occurrence. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(d) If an Administrator Replacement Event shall have occurred, the Issuer may, subject to <U>Section</U><U></U><U> 19</U>\nhereof, by notice given to the Administrator and the Owner Trustee, terminate all or a portion of the rights and powers of the Administrator under this Agreement, including the rights of the Administrator to receive the annual fee for services\nhereunder for all periods following such termination; <I>provided</I>, <I>however</I>, that such termination shall not become effective until such time as the Issuer, subject to </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n<TR>\n\n<TD WIDTH=\"50%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"1%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"47%\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"center\">5</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"right\"><I>2021-1 Administration Agreement</I></TD></TR></TABLE>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\">\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman\">\n<U>Section</U><U></U><U> 19</U> hereof, shall have appointed a successor Administrator in the manner set forth below. Upon any such termination, all rights, powers, duties and\nresponsibilities of the Administrator under this Agreement shall vest in and be assumed by any successor Administrator appointed by the Issuer, subject to <U>Section</U><U></U><U> 19</U> hereof, pursuant to a management agreement between the\nIssuer and such successor Administrator, containing substantially the same provisions as this Agreement (including with respect to the compensation of such successor Administrator), and the successor Administrator is hereby irrevocably authorized\nand empowered to execute and deliver, on behalf of the Administrator, as <FONT STYLE=\"white-space:nowrap\"><FONT STYLE=\"white-space:nowrap\">attorney-in-fact</FONT></FONT> or otherwise, all documents and other instruments, and to do or accomplish all\nother acts or things necessary or appropriate to effect such vesting and assumption. Further, in such event, the Administrator shall use its commercially reasonable efforts to effect the orderly and efficient transfer of the administration of the\nIssuer to the new Administrator. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(e) The Issuer, subject to <U>Section</U><U></U><U> 19</U> hereof, may waive in\nwriting any Administrator Replacement Event by the Administrator in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past Administrator Replacement Event, such Administrator Replacement Event shall cease\nto exist, and any Administrator Replacement Event arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other Administrator Replacement Event or impair any right\nconsequent thereon. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">9. <U>Action upon Termination or Removal</U>. Promptly upon the effective date of termination of this Agreement\npursuant to <U>Section</U><U></U><U> 8</U>, or the removal of the Administrator pursuant to <U>Section</U><U></U><U> 8</U>, the Administrator shall be entitled to be paid by the Servicer all fees accruing to it to the date of such\ntermination or removal. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">10. <U>Liens</U>. The Administrator will not directly or indirectly create, allow or suffer to exist any Lien on\nthe Collateral other than Permitted Liens. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">11. <U>Notices</U>. All demands, notices and communications hereunder shall be in writing and\nshall be delivered or mailed by registered or certified <FONT STYLE=\"white-space:nowrap\">first-class</FONT> United States mail, postage prepaid, hand delivery, prepaid courier service, by facsimile or by electronic mail and addressed in each case as\nspecified on <U>Schedule II</U> to the Sale and Servicing Agreement or at such other address as shall be designated in a written notice to the other parties hereto. Delivery shall occur only upon receipt or reported tender of such communication by\nan officer of the recipient entitled to receive such notices located at the address of such recipient for notices hereunder. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n<TR>\n\n<TD WIDTH=\"50%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"1%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"47%\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"center\">6</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"right\"><I>2021-1 Administration Agreement</I></TD></TR></TABLE>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\">\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">12. <U>Amendments</U>. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) Any term or provision of this Agreement may be amended by the Administrator without the consent of the Indenture Trustee,\nany Noteholder, the Issuer, the Owner Trustee or any other Person subject to the satisfaction of one of the following conditions: </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) the Administrator delivers an Opinion of Counsel to the Indenture Trustee to the effect that such amendment will not\nmaterially and adversely affect the interests of the Noteholders; </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(ii) the Administrator delivers an Officer’s\nCertificate of the Administrator to the Indenture Trustee to the effect that such amendment will not materially and adversely affect the interests of the Noteholders; or </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(iii) the Rating Agency Condition is satisfied with respect to such amendment and the Administrator notifies the Indenture\nTrustee in writing that the Rating Agency Condition is satisfied with respect to such amendment; </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\"><I>provided</I>, that no amendment shall be effective\nwhich affects the rights, protections or duties of the Indenture Trustee, the Owner Trustee or the Issuer Delaware Trustee without the prior written consent of such Person. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(b) This Agreement may also be amended from time to time by the Issuer, the Administrator and the Indenture Trustee, with the\nconsent of the Holders of Notes evidencing not less than a majority of the aggregate principal balance of the Outstanding Notes for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this\nAgreement or of modifying in any manner the rights of the Noteholders. It will not be necessary for the consent of Noteholders to approve the particular form of any proposed amendment or consent, but it will be sufficient if such consent approves\nthe substance thereof. The manner of obtaining such consents (and any other consents of Noteholders provided for in this Agreement) and of evidencing the authorization of the execution thereof by Noteholders will be subject to such reasonable\nrequirements as the Indenture Trustee may prescribe, including the establishment of record dates pursuant to the Note Depository Agreement. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(c) Prior to the execution of any such amendment, the Administrator shall provide written notification of the substance of such\namendment to each Rating Agency and the Owner Trustee; and promptly after the execution of any such amendment, the Administrator (i) shall furnish a copy of such amendment to each Rating Agency, the Owner Trustee and the Indenture Trustee and\n(ii) if this Agreement is amended in accordance with clauses (i) or (ii) of <U>Section</U><U></U><U> 12(a)</U>, shall furnish a copy of such Opinion of Counsel or Officer’s Certificate, as the case may be, to each of the Rating\nAgencies. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(d) Prior to the execution of any amendment to this Agreement, the Issuer, the Owner Trustee, the Issuer\nDelaware Trustee and the Indenture Trustee shall be entitled to receive and conclusively rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement and that all conditions precedent to\nthe execution and delivery of such amendment have been satisfied. The Owner Trustee, the Issuer Delaware Trustee and the Indenture Trustee may, but shall not be obligated to, enter into any such amendment which adversely affects the Owner\nTrustee’s, the Issuer Delaware Trustee’s or the Indenture Trustee’s, as applicable, own rights, duties or immunities under this Agreement. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n<TR>\n\n<TD WIDTH=\"50%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"1%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"47%\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"center\">7</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"right\"><I>2021-1 Administration Agreement</I></TD></TR></TABLE>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\">\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">13. <U>Governing Law; Submission to Jurisdiction; Waiver of Jury Trial</U>. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) <B>THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL, SUBSTANTIVE LAWS OF THE STATE OF NEW\nYORK WITHOUT REFERENCE TO THE RULES THEREOF RELATING TO CONFLICTS OF LAW, OTHER THAN SECTIONS <FONT STYLE=\"white-space:nowrap\">5-1401</FONT> AND <FONT STYLE=\"white-space:nowrap\">5-1402</FONT> OF THE NEW YORK GENERAL OBLIGATIONS LAW, AND THE\nOBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.</B> </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(b) Each\nof the parties hereto hereby irrevocably and unconditionally: </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(i) submits for itself and its property in any legal action\nor proceeding relating to this Agreement or any documents executed and delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive general jurisdiction of the courts of the State of\nNew York, the courts of the United States of America for the Southern District of New York and appellate courts from any thereof; </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(ii) consents that any such action or proceeding may be brought and maintained in such courts and waives any objection that it\nmay now or hereafter have to the venue of 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; </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(iii) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered\nor certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with <U>Section</U><U></U><U> 11</U> of this Agreement; </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(iv) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or\nshall limit the right to sue in any other jurisdiction; and </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(v) to the extent permitted by applicable law, each party\nhereto irrevocably waives all right of trial by jury in any action, proceeding or counterclaim based on, or arising out of, under or in connection with this Agreement, any other Transaction Document, or any matter arising hereunder or thereunder.\n</P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">14. <U>Headings</U>. The section headings hereof have been inserted for convenience of reference only and shall not be construed to affect\nthe meaning, construction or effect of this Agreement. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">15. <U>Counterparts</U>. This Agreement may be executed in any number of\ncounterparts, including in counterparts executed via electronic signature, each of which so executed shall be deemed to be an original, but all of such counterparts shall together constitute but one and the same instrument. Delivery of an executed\ncounterpart of a signature page of this Agreement by electronic transmission shall be effective as delivery of a manually executed counterpart of this Agreement. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n<TR>\n\n<TD WIDTH=\"50%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"1%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"47%\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"center\">8</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"right\"><I>2021-1 Administration Agreement</I></TD></TR></TABLE>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\">\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">16. <U>Entire Agreement</U>. The Transaction Documents contain a final and complete\nintegration of all prior expressions by the parties hereto with respect to the subject matter thereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter thereof, superseding all prior oral or\nwritten understandings. There are no unwritten agreements among the parties. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">17. <U>Severability of Provisions</U>. If any one or more of\nthe covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or\nterms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">18. <U>Not\nApplicable to VCI in Other Capacities</U>. Nothing in this Agreement shall affect any obligation VCI may have in any other capacity. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">19.\n<U>Benefits of the Administration Agreement</U>. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, the Issuer Delaware Trustee, any separate\ntrustee or <FONT STYLE=\"white-space:nowrap\">co-trustee</FONT> appointed under Section 6.10 of the Indenture and the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, each\nof the Owner Trustee and the Issuer Delaware Trustee is a third party beneficiary of this Agreement and each is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">20. <U>Assignment</U>. Each party hereto hereby acknowledges and consents to the mortgage, pledge, assignment and Grant of a security interest\nby the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders of all of the Issuer’s rights under this Agreement. In addition, the Administrator hereby acknowledges and agrees that for so long as any Notes\nare outstanding, the Indenture Trustee will have the right to exercise all waivers and consents, rights, remedies, powers, privileges and claims of the Issuer under this Agreement. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">21. <U>Nonpetition Covenant</U>. Each party hereto agrees that, prior to the date which is one year and one day after payment in full of all\nobligations of each Bankruptcy Remote Party in respect of all securities issued by any Bankruptcy Remote Party (i) such party shall not authorize any Bankruptcy Remote Party to commence a voluntary\n<FONT STYLE=\"white-space:nowrap\">winding-up</FONT> or other voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to such Bankruptcy Remote Party or its debts under any bankruptcy, insolvency or other\nsimilar law now or hereafter in effect in any jurisdiction or seeking the appointment of an administrator, a trustee, receiver, liquidator, custodian or other similar official with respect to such Bankruptcy Remote Party or any substantial part of\nits property or to consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against such Bankruptcy Remote Party, or to make a general assignment for the\n</P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n<TR>\n\n<TD WIDTH=\"50%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"1%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"47%\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"center\">9</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"right\"><I>2021-1 Administration Agreement</I></TD></TR></TABLE>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\">\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\">\nbenefit of, its creditors generally, any party hereto or any other creditor of such Bankruptcy Remote Party, and (ii) such party shall not commence or join with any other Person in\ncommencing any proceeding against such Bankruptcy Remote Party under any bankruptcy, reorganization, liquidation or insolvency law or statute now or hereafter in effect in any jurisdiction. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">22. <U>Limitation of Liability</U>. Notwithstanding anything contained herein to the contrary, (a) this Agreement has been executed and\ndelivered by Citibank, N.A., not in its individual capacity but solely as Owner Trustee (b) each of the representations, undertakings and agreements herein made on the part of the Owner Trustee and the Issuer is made and intended not as\npersonal representations, undertakings and agreements by Citibank, N.A. but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on Citibank, N.A.,\nindividually or personally, to perform any covenant either expressed or implied contained herein of the Owner Trustee or the Issuer, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or\nunder the parties hereto, (d) Citibank, N.A. has made no investigation as to the accuracy or completeness of any representations and warranties made by the Owner Trustee or the Issuer in this Agreement and (e) under no circumstances shall\nCitibank, N.A. be personally liable for the payment of any indebtedness or expenses of the Owner Trustee or the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Owner\nTrustee or the Issuer under this Agreement or any other related documents. For the purposes of this Agreement, in the performance of its duties or obligations hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the\nterms and provisions of Articles VI, VII and VIII of the Trust Agreement. </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">23. <U>Other Interpretive Provisions</U>. For purposes of this\nAgreement, unless the context otherwise requires: (a) accounting terms not otherwise defined in this Agreement, and accounting terms partly defined in this Agreement to the extent not defined, shall have the respective meanings given to them\nunder GAAP (<I>provided</I>, that, to the extent that the definitions in this Agreement and GAAP conflict, the definitions in this Agreement shall control); (b) terms defined in Article 9 of the UCC as in effect in the relevant jurisdiction and not\notherwise defined in this Agreement are used as defined in that Article; (c) the words “hereof,” “herein” and “hereunder” and words of similar import refer to this Agreement as a whole and not to any particular\nprovision of this Agreement; (d) references to any Article, Section, Schedule, Appendix or Exhibit are references to Articles, Sections, Schedules, Appendices and Exhibits in or to this Agreement and references to any paragraph, subsection,\nclause or other subdivision within any Section or definition refer to such paragraph, subsection, clause or other subdivision of such Section or definition; (e) the term “including” and all variations thereof means “including\nwithout limitation”; (f) except as otherwise expressly provided herein, references to any law or regulation refer to that law or regulation as amended from time to time and include any successor law or regulation; (g) references to any\nPerson include that Person’s successors and assigns; and (h) headings are for purposes of reference only and shall not otherwise affect the meaning or interpretation of any provision herein. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n<TR>\n\n<TD WIDTH=\"49%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"2%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"47%\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"center\">10</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"right\"><I>2021-1 Administration Agreement</I></TD></TR></TABLE>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\">\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">24. <U>Electronic Signatures and Transmission</U>25. . </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(a) For purposes of this Agreement, any reference to “written” or “in writing” means any form of written\ncommunication, including, without limitation, electronic signatures, and any such written communication may be transmitted by electronic transmission. The term “electronic signature” shall mean any electronic symbol or process attached to,\nor associated with, a contract or other record and adopted by a person with the intent to sign, authenticate or accept such contract or record. Each of the parties hereto agrees that this Agreement, any addendum or amendment hereto or any other\ndocument necessary for the consummation of the transactions contemplated by this Agreement may be accepted, executed or agreed to through the use of an electronic signature in accordance with the <FONT STYLE=\"white-space:nowrap\">E-Sign</FONT> Act,\nUETA or any applicable state law. Each of the parties hereto are authorized to accept written instructions, directions, reports, notices or other communications delivered by electronic transmission and shall not have any duty or obligation to verify\nor confirm that the Person sending instructions, directions, reports, notices or other communications or information by electronic transmission is, in fact, a Person authorized to give such instructions, directions, reports, notices or other\ncommunications or information on behalf of the party purporting to send such electronic transmission; and none of the parties hereto shall have any liability for any losses, liabilities, costs or expenses incurred or sustained by any party as a\nresult of such reliance upon or compliance with such instructions, directions, reports, notices or other communications or information delivered to such party, including, without limitation, the risk of such party acting on unauthorized\ninstructions, notices, reports or other communications or information, and the risk of interception and misuse by third parties. </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman\">(b) Any requirement in this Agreement that a document, including this Agreement, is to be signed or authenticated by\n“manual signature” or similar language shall not be deemed to prohibit signature by facsimile or electronic signature and shall not be deemed to prohibit delivery thereof by electronic transmission. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">[SIGNATURES ON NEXT PAGE] </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n<TR>\n\n<TD WIDTH=\"49%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"2%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"47%\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"center\">11</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"right\"><I>2021-1 Administration Agreement</I></TD></TR></TABLE>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\">\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered\nas of the day and year first above written. </P> <P STYLE=\"font-size:12pt;margin-top:0pt;margin-bottom:0pt\"> </P><DIV ALIGN=\"right\">\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n\n<TD WIDTH=\"12%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"87%\"></TD></TR>\n\n\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">VOLKSWAGEN AUTO LOAN ENHANCED TRUST <FONT STYLE=\"white-space:nowrap\">2021-1</FONT></TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\" COLSPAN=\"3\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">By: Citibank, N.A., not in its individual capacity but solely as Owner Trustee</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">By:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\"> </P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">Name:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\"> </P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">Title:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\"> </P></TD></TR>\n</TABLE></DIV>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n<TR>\n\n<TD WIDTH=\"49%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"3%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"46%\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"center\">S-1</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"right\"><I>2021-1 Administration Agreement</I></TD></TR></TABLE>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\">\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <DIV ALIGN=\"right\">\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n\n<TD WIDTH=\"12%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"87%\"></TD></TR>\n\n\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">VW CREDIT, INC., as Administrator</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">By:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">\n<P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\"> </P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">Name:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Rafael Vieira Teixeira</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">Title:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Executive Vice President and</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Chief Financial Officer</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">By:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\"> </P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">Name:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Jens Schreiber</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">Title:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Treasurer</TD></TR>\n</TABLE></DIV>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n<TR>\n\n<TD WIDTH=\"49%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"3%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"46%\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"center\">S-2</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"right\"><I>2021-1 Administration Agreement</I></TD></TR></TABLE>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\">\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <DIV ALIGN=\"right\">\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n\n<TD WIDTH=\"12%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"87%\"></TD></TR>\n\n\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">U.S. BANK NATIONAL ASSOCIATION, as Indenture Trustee</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">By:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\"> </P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">Name:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\"> </P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">Title:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\"> </P></TD></TR>\n</TABLE></DIV>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n<TR>\n\n<TD WIDTH=\"49%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"3%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"46%\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"center\">S-3</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"right\"><I>2021-1 Administration Agreement</I></TD></TR></TABLE>\n\n</DIV></Center>\n\n\n<p style=\"margin-top:1em; margin-bottom:0em; page-break-before:always\">\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n\n<Center><DIV STYLE=\"width:8.5in\" align=\"left\">\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\">Joinder of Servicer: </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\">VW CREDIT, INC., as Servicer, joins in this Agreement solely for purposes of <U>Section</U><U></U><U> 3</U>. </P>\n<P STYLE=\"font-size:12pt;margin-top:0pt;margin-bottom:0pt\"> </P><DIV ALIGN=\"right\">\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n\n<TD WIDTH=\"12%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"87%\"></TD></TR>\n\n\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">VW CREDIT, INC., as Servicer</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">By:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\"> </P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">Name:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Rafael Vieira Teixeira</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">Title:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Executive Vice President and</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Chief Financial Officer</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">By:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">\n<P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\"> </P></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">Name:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Jens Schreiber</TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\">Title:</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\">Treasurer</TD></TR>\n</TABLE></DIV>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"100%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\" ALIGN=\"center\">\n\n<TR>\n\n<TD WIDTH=\"49%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"3%\"></TD>\n\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"46%\"></TD></TR>\n<TR STYLE=\"page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"></TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"center\">S-4</TD>\n<TD VALIGN=\"bottom\"> </TD>\n<TD VALIGN=\"top\" ALIGN=\"right\"><I>2021-1 Administration Agreement</I></TD></TR></TABLE>\n\n</DIV></Center>\n\n</BODY></HTML>\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":82,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/703701/0000703701-02-000002-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/703701/0000703701-02-000002.txt"},"cik":{"kind":"string","value":"703701"},"name":{"kind":"string","value":"ASCENT ASSURANCE INC"},"type":{"kind":"string","value":"10-K"},"filing_date":{"kind":"string","value":"2002-03-08"},"report_date":{"kind":"string","value":"2001-12-31"},"seq":{"kind":"string","value":"3"},"desc":{"kind":"string","value":"FIFTH AMENDMENT TO CREDIT AGREEMENT"},"doc_type":{"kind":"string","value":"EX-10.31"},"size":{"kind":"string","value":"6477"},"filename":{"kind":"string","value":"exh_31.txt"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/703701/000070370102000002/exh_31.txt"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/52818bb31ac73a03400d1af317a5f1df57aaa37c.txt"},"extension":{"kind":"string","value":"txt"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2002-03-08\", \"Accepted\": \"2002-03-08 00:00:00\", \"Documents\": \"4\", \"Period of Report\": \"2001-12-31\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.31\n<SEQUENCE>3\n<FILENAME>exh_31.txt\n<DESCRIPTION>FIFTH AMENDMENT TO CREDIT AGREEMENT\n<TEXT>\n FIFTH AMENDMENT TO CREDIT AGREEMENT\n\nThis Fifth Amendment to Credit Agreement (the \"Amendment\") is made as of this\n27th day of November, 2001 by and among ASCENT FUNDING, INC. (the \"Borrower\"),\nand LASALLE BANK NATIONAL ASSOCIATION (the \"Bank\").\n\n W I T N E S S E T H:\n\nWHEREAS, the Borrower and the Bank are parties to that certain Credit Agreement,\ndated as of June 6, 1997, as amended by that certain First Amendment to Credit\nAgreement, dated as of September 8, 1998, as further amended by that certain\nSecond Amendment to Credit Agreement, dated as of August 12, 1999, as further\namended by that certain Third Amendment to Credit Agreement, dated as of\nNovember 30, 2000 with an effective date of September 30, 2000, and as further\namended by that certain Fourth Amendment to Credit Agreement, dated as of April\n17, 2001 (collectively, the \"Credit Agreement); and\n\nWHEREAS, the Borrower and the Bank desire to further amend the Credit Agreement\nas more fully set forth herein;\n\nNOW, THEREFORE, in consideration of the mutual agreements herein contained and\nother good and valuable consideration, the adequacy of which is hereby\nacknowledged, and subject to the terms and conditions hereof, the parties hereto\nagree as follows:\n\nSECTION I. DEFINITIONS. Unless otherwise defined herein, all capitalized terms\nshall have the meaning given to them in the Credit Agreement.\n\nSECTION II. AMENDMENTS TO CREDIT AGREEMENT.\n\n2. 1 The definition of \"Anniversary Date\" in Section 1.1 of the Credit Agreement\nis hereby deleted in its entirety and amended by inserting the following in its\nstead:\n\n\" Anniversary Date means December 5 of each calendar year, commencing December\n5, 2002.\"\n\n2.2 The definition of \"Revolving Loan Termination Date\" in Section 1.1 of the\nCredit Agreement is hereby deleted in its entirety and amended by inserting the\nfollowing in its stead:\n\n\" Revolving Loan Termination Date means December 5, 2002; provided, however, if\nnot fewer than seven (7) months nor more than nine (9) months prior to any\nAnniversary Date, the Borrower requests the Bank to extend the Revolving Loan\nTermination Date for an additional year and if the Bank in its sole discretion\nin writing within thirty (30) days of such request, grants such request, the\nRevolving Loan Termination Date means the date to which the Revolving Loan\nTermination Date has been so extended. If such date is not a Business Date, the\nRevolving Loan Termination Date shall be the next preceding Business Day.\"\n\nSECTION III. CONDITIONS PRECEDENT. The effectiveness of this Amendment is\nexpressly conditioned upon satisfaction of the following conditions precedent:\n\n3.1 The Bank shall have received a copy of this Amendment duly executed by the\nBorrower.\n\n3.2 The Bank shall have received a $10,000 renewal fee due and payable and\ndeemed fully earned on the date hereof.\n\n3.3 The Bank shall have received such other documents, certificates and\nassurances as it shall reasonably request, all of which shall have been\ndelivered on or prior to the date hereof.\n\nSECTION IV. REAFFIRMATION OF THE BORROWER. The Borrower hereby represents and\nwarrants to the Bank that (i) the warranties set forth in Article 5 of the\nCredit Agreement are true and correct on and as of the date hereof, except to\nthe extent (a) that any such warranties relate to a specific date, or (b)\nchanges thereto are a result of transactions for which the Bank has granted its\nconsent; (ii) the Borrower is on the date hereof in compliance with all of the\nterms and provisions set forth in the Credit Agreement as hereby amended; and\n(iii) upon execution hereof no Event of Default has occurred and is continuing\nor has not previously been waived.\n\nSECTION V. WAIVER OF NOTICE OF EXTENSION OF REVOLVING LOAN TERMINATION DATE.\nSolely for purposes of this Amendment, the Bank hereby waives the notice\nrequirement set forth in the definition of \"Revolving Loan Termination Date\"\nsolely with respect to the extension thereof set forth in this Amendment.\n\nSECTION VI. FULL FORCE AND EFFECT. Except as herein amended, the Credit\nAgreement and all other Loan Documents shall remain in full force and effect.\n\nSECTION VII. COUNTERPARTS. This Amendment may be executed in two or more\ncounterparts, each of which shall be deemed an original, but all of which\ntogether shall constitute one and the same document.\n\n<PAGE>\n\n\nIN WITNESS WHEREOF, the parties hereto have executed this Amendment on the day\nand year specified above.\n\n ASCENT FUNDING, INC.\n\n By: /s/ Patrick J. Mitchell\n Name: Patrick J. Mitchell\n Title: Chairman of the Board and President\n\n\n\n\n LASALLE BANK NATIONAL ASSOCIATION\n\n By: /s/ Linda A. Whittaker\n Name: Linda A. Whittaker\n Title: Assistant Vice President\n\n\n\n\n<PAGE>\n\n\n ACKNOWLEDGMENT AND AGREEMENT OF GUARANTOR\n\nThe undersigned, ASCENT ASSURANCE, INC. (formerly Westbridge Capital Corp.),\nhereby ratifies and reaffirms that certain Guaranty dated June 6, 1997 (as\namended from time to time, the \"Guaranty\") made by the undersigned in favor of\nLaSalle Bank National Association (the \"Bank\") and each of the terms and\nprovisions contained therein, and agrees that the Guaranty continues in full\nforce and effect following the execution and delivery of the foregoing\nAmendment. The undersigned represents and warrants to the Bank that the Guaranty\nwas, on the date of the execution and delivery thereof, and continues to be, the\nvalid and binding obligation of the undersigned enforceable in accordance with\nits terms and that the undersigned has no claims or defenses to the enforcement\nof the rights and remedies of the Bank under the Guaranty.\n\nIN WITNESS WHEREOF, this Acknowledgment and Agreement of Guarantor has been duly\nauthorized as of this 27th day of November, 2001.\n\n ASCENT ASSURANCE, INC.\n\n By: /s/ Patrick J. Mitchell\n Name: Patrick J. Mitchell\n Title: Chairman and Chief Executive Officer\n\n\n\n\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":83,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1322791/0001047469-09-005121-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1322791/0001047469-09-005121.txt"},"cik":{"kind":"string","value":"1322791"},"name":{"kind":"string","value":"VIRGIN MEDIA INVESTMENT HOLDINGS LTD"},"type":{"kind":"string","value":"10-Q"},"filing_date":{"kind":"string","value":"2009-05-06"},"report_date":{"kind":"string","value":"2009-03-31"},"seq":{"kind":"string","value":"5"},"desc":{"kind":"string","value":"EXHIBIT 10.5"},"doc_type":{"kind":"string","value":"EX-10.5"},"size":{"kind":"string","value":"133739"},"filename":{"kind":"string","value":"a2192666zex-10_5.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1270400/000104746909005121/a2192666zex-10_5.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/41518bd9445c4fed3c7842c55dbb2c9bc380745d.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2009-05-06\", \"Accepted\": \"2009-05-06 16:13:31\", \"Documents\": \"9\", \"Period of Report\": \"2009-03-31\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.5\n<SEQUENCE>5\n<FILENAME>a2192666zex-10_5.htm\n<DESCRIPTION>EXHIBIT 10.5\n<TEXT>\n<HTML>\n<HEAD>\n</HEAD>\n<BODY BGCOLOR=\"#FFFFFF\" LINK=BLUE VLINK=PURPLE>\n<BR>\n\n<div>\n\n<p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Exhibit 10.5</font></b></p>\n\n<p style=\"margin:0in 0in .0001pt;text-align:justify;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">RULES OF THE VIRGIN MEDIA SHARESAVE\nPLAN</font></b></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">(Approved by the HM Revenue &\nCustoms under Schedule 3, Income Tax (Earnings and Pensions) Act 2003 on 28 March 2008\nunder HM Revenue & Customs reference: SRS 102712)</font></b></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">1. \nDEFINITIONS AND INTERPRETATION</font></b></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">1.1  The words\nand expressions set out below shall have the meanings specified against them:-</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Associated Company”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">shall mean an associated company as defined in\n Section 416(1) of the Taxes Act with the omission of the words “or\n at any time within one year previously”;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“the Auditors”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">the auditors for the time being of the Company or if there are joint\n auditors such one as the Board shall select acting as experts and not as\n arbitrators;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“the Board”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">the board of directors of the Company for the time being or a duly\n authorised committee thereof;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“the Bonus Date”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">(i) the earliest date on which the maximum bonus is payable\n (where pursuant to Rules 2 and 3 the repayment under the Relevant\n Savings Contract is taken as including the maximum bonus) or (ii) in any\n other case the earliest date on which a bonus (“the Standard Bonus”) is\n payable under the Relevant Savings Contract;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“the Company”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Virgin Media Incorporated;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“control”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">control as defined in Section 840 of the Taxes Act;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Date of Adoption”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">21 February 2008;</font></p>\n </td>\n </tr>\n</table>\n\n<p style=\"margin:0in 0in .0001pt;text-align:justify;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<div align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- ZEQ.=1,SEQ=1,EFW=\"2192666\",CP=\"VIRGIN MEDIA INC\",DN=\"5\",CHK=942420,FOLIO='',FILE=\"DISK130:[09ZBI2.09ZBI79702]11497-2-KM-01_ZBI79702.CHC\",USER=\"JKEENE\",CD='May 1 22:34 2009' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Date of Grant”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">in relation to an Option means the date on which the Option is\n granted;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“the due date”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">the due date referred to in Rule 5.1 for repayment to be made\n under a Relevant Savings Contract;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Employee”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">an individual who is a full-time director or an employee of any\n company within the Group;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Eligible Employee”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">(a) an Employee:-</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">(i) who has been in the continuous service of a company\n (currently within the Group) for not less than such period of time (not\n exceeding five years) as may be determined by the Board prior to the relevant\n date of grant in accordance with Rule 2); and</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">(ii) whose remuneration is subject to United Kingdom income tax\n under Section 15 of ITEPA; and</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">(iii) who is ordinarily resident;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">(b) any other Employee whom the Board shall have determined\n shall be eligible to participate in the Plan;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Provided that no person shall be an Eligible Employee in any year of\n assessment if he is ineligible to participate in the Plan by virtue of\n paragraph 11 of Schedule 3 to ITEPA;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Exercise Price”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">the amount payable per Share on the exercise of an Option which\n amount shall be determined by the Board but shall not be less than the\n greater of:-</font></p>\n </td>\n </tr>\n</table>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2</font></p>\n\n<div align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- ZEQ.=1,SEQ=2,EFW=\"2192666\",CP=\"VIRGIN MEDIA INC\",DN=\"5\",CHK=510128,FOLIO='2',FILE=\"DISK130:[09ZBI2.09ZBI79702]11497-2-KM-01_ZBI79702.CHC\",USER=\"JKEENE\",CD='May 1 22:34 2009' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">(a) 80% of the Market Price on the day on which the Board makes\n the relevant invitation under Rule 2.1; and</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">(b) (in the case of an Option to Subscribe) the nominal value of\n a Share;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Financial Services Authority”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">the Financial Services Authority or any body with responsibility\n under legislation replacing the Financial Services and Markets Act 2000 for\n carrying out regulatory action;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Form of Application”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">a form of application for the grant of an Option in such form as the\n Company may from time to time require;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“the Group”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">the Company and any Subsidiary which the Board determines from time\n to time shall participate in the Plan and the term “Group Company” shall be\n construed accordingly;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“ITEPA”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Income Tax (Earnings and Pensions) Act 2003;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“London Stock Exchange”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">the London Stock Exchange plc;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Market Price”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">on any day where the Shares are not listed on the London Stock\n Exchange or dealings in the Shares have been suspended for any reason the\n market value of a Share determined in accordance with Part VIII of the\n Taxation of Chargeable Gains Act 1992 and agreed in advance for the purposes\n of the Plan HM Revenue & Customs Shares and Assets Valuation; and on\n any day when the Shares are listed on the London Stock Exchange and dealings\n in the Shares are not suspended the middle market quotation of a Share\n derived from the London Stock Exchange Daily Official List;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Official List”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">the list maintained by the UK Listing Authority in accordance with\n section 74(5) of the Financial</font></p>\n </td>\n </tr>\n</table>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">3</font></p>\n\n<div align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- ZEQ.=1,SEQ=3,EFW=\"2192666\",CP=\"VIRGIN MEDIA INC\",DN=\"5\",CHK=278332,FOLIO='3',FILE=\"DISK130:[09ZBI2.09ZBI79702]11497-2-KM-01_ZBI79702.CHC\",USER=\"JKEENE\",CD='May 1 22:34 2009' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Services and Markets Act 2000 (The Official List) for the purposes of\n Part VI of the Financial Services and Markets Act 2000 (Official Listing);</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Option”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">an option to acquire Shares granted pursuant to the Plan;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Option Certificate”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">the certificate issued pursuant to Rule 2.5;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Option Holder”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">a person to whom an Option has been granted under the Plan or, where\n appropriate, the personal representatives of such a person;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Option to Subscribe”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">means an Option that confers a right to subscribe for new Shares\n pursuant to the Plan;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“the Plan”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">the Virgin Media Sharesave Plan;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Relevant Savings Contract”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">a certified contractual savings scheme within the meaning of\n Section 326 of the Taxes Act and approved by the Board of HM\n Revenue & Customs for the purposes of Schedule 3 to ITEPA which has\n been entered into in connection with the granting of options to acquire shares\n under any share option scheme approved under Schedule 3 to ITEPA (including\n the Plan);</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Shares”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">means fully paid ordinary non-redeemable shares of common stock in\n the capital of the Company which satisfy the conditions specified in\n paragraphs 18-22 (inclusive) of Schedule 3 to ITEPA;</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Subsidiary”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">a company wheresoever incorporated which is for the time being under\n the control of the Company provided always that such company would fall\n within the definition of a subsidiary under section 736 of the Companies Act\n 1985 (or, with effect from 1 October 2009, section 1159 of the Companies\n Act 2006); and</font></p>\n </td>\n </tr>\n</table>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">4</font></p>\n\n<div align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- ZEQ.=1,SEQ=4,EFW=\"2192666\",CP=\"VIRGIN MEDIA INC\",DN=\"5\",CHK=525107,FOLIO='4',FILE=\"DISK130:[09ZBI2.09ZBI79702]11497-2-KM-01_ZBI79702.CHC\",USER=\"JKEENE\",CD='May 1 22:34 2009' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"27%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:27.34%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">“Taxes Act”</font></b></p>\n </td>\n <td width=\"2%\" valign=\"bottom\" style=\"padding:0in 0in 0in 0in;width:2.08%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"70%\" valign=\"top\" style=\"padding:0in 0in 0in 0in;width:70.58%;\">\n <p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Income and Corporation Taxes Act 1988.</font></p>\n </td>\n </tr>\n</table>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 3.0in;text-align:left;text-indent:-3.0in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">1.2 \nReferences in the Plan to a statute or a statutory provision shall\ninclude any modification re-enactment or extension thereof.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">1.3 \nReferences to the masculine will include the feminine (and vice versa)\nand words denoting the singular shall include the plural (and vice versa).</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">2. \nGRANT OF OPTIONS</font></b></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2.1  The Board\nhaving determined the number of Shares (if any) over which it is prepared to\ngrant Options may invite each and every Eligible Employee to apply for an\nOption to acquire at the Exercise Price up to such number of Shares as the\nBoard may specify in the invitation and as may be permitted in accordance with Rules 3\nand 4.  Invitations may be issued at any\ntime provided that invitations may only be issued on or after the date on which\nthe Plan is first approved by the HM Revenue & Customs.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2.2  An\ninvitation shall lapse unless within such period as the Board may specify in\nthe invitation (such period being not less than 14 days after the date on which\nthe invitation is made):-</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2.2.1 the\nCompany shall have received a duly completed Form of Application from the\nEmployee which shall (subject to Rule 3.1) state, inter alia, whether for\nthe purpose of determining the number of Shares over which an Option is to be\ngranted the repayment under the Relevant Savings Contract is to be taken as\nincluding the maximum bonus or the Standard Bonus; and</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 42.55pt;text-align:left;text-indent:-42.55pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2.2.2 the\nEmployee shall have applied to enter into a Relevant Savings Contract complying\nwith Rule 3.1 and shall have lodged such application with the Company.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 42.55pt;text-align:left;text-indent:-42.55pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2.3 The Board shall in respect of each occasion when\ninvitations to apply for Options are made appoint a date to be the Date of\nGrant for that occasion which shall not be later than 30 days following the\nfirst day by reference to which the Market Price for the relevant invitations\nwas determined except where applications are scaled down in accordance with Rule 4.3\nwhen it shall not be later than 42 days following such day.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2.4 Subject to Rules 3 and 4, on each Date of\nGrant the Board shall accept the applications of, and thereby grant Options to,\nthose Eligible Employees who have satisfied the requirements of Rule 2.2\nand who are Eligible Employees on that date. \nUnless the Board determines otherwise, </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">5</font></p>\n\n<div align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- ZEQ.=1,SEQ=5,EFW=\"2192666\",CP=\"VIRGIN MEDIA INC\",DN=\"5\",CHK=134308,FOLIO='5',FILE=\"DISK130:[09ZBI2.09ZBI79702]11497-2-KM-01_ZBI79702.CHC\",USER=\"JKEENE\",CD='May 1 22:34 2009' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">each application shall be deemed to be for an Option\nover the largest whole number of Shares that can be bought at the US dollar\nExercise Price with the expected repayment under the related Relevant Savings\nContract at the appropriate Bonus Date following the conversion of the\nrepayment into US dollars.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2.5 As soon as practicable following the Date of\nGrant the Board shall issue to each Option Holder an Option Certificate in such\nform as the Board shall prescribe but stating:-</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2.5.1 the Date of\nGrant of the Option;</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2.5.2 the\nexpected number of Shares subject to Option being (unless the Board determines\notherwise) such number of Shares as the repayment under the Relevant Savings\nContract can acquire following conversion of the repayment into US dollars;</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 42.55pt;text-align:left;text-indent:-42.55pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2.5.3 the\nExercise Price in respect of those Shares;</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2.5.4 the\nearliest date of exercise in normal circumstances; and</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2.5.5 a statement\nstating that the Option is personal to the Option Holder and unless\nspecifically provided in the Plan rules, cannot be transferred, assigned,\nmortgaged, charged or otherwise disposed of and shall immediately become void\nand be of no effect in the event of the bankruptcy of the Option Holder.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">3. \nCONDITIONS ATTACHING TO THE GRANT OF OPTIONS</font></b></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">3.1  Each\nEligible Employee who wishes to apply for an Option shall first complete an\napplication to enter into a Relevant Savings Contract under which the amount of\nthe repayments (which at the discretion of the Company include the Standard\nBonus, or the maximum bonus as the Company may permit and the Eligible Employee\nshall have chosen) shall on the due date as nearly as practicable equal but not\nexceed the aggregate of the Exercise Price for the Shares comprised in the\nOption.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">3.2  An Option\nshall be personal to the Option Holder and may not, save as herein otherwise\nspecifically provided, be transferred, assigned, mortgaged, charged or\notherwise disposed of and shall immediately become void and of no effect in the\nevent of the bankruptcy of the Option Holder.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">3.3  The\nCompany shall have the power from time to time to determine with which savings\ninstitution Eligible Employees may enter into Relevant Savings Contracts for\nthe purpose of accumulating funds to pay the exercise price of Options.</font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">6</font></p>\n\n<div align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- ZEQ.=1,SEQ=6,EFW=\"2192666\",CP=\"VIRGIN MEDIA INC\",DN=\"5\",CHK=215777,FOLIO='6',FILE=\"DISK130:[09ZBI2.09ZBI79702]11497-2-KM-01_ZBI79702.CHC\",USER=\"JKEENE\",CD='May 1 22:34 2009' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">4. \nLIMIT ON OPTIONS</font></b></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">4.1  No Option\nmay be granted to an Eligible Employee which would result in the aggregate\nExercise Prices of Shares comprised in outstanding Options granted to him under\nthe Plan exceeding the maximum amount repayable (inclusive of any Standard\nBonus applied under the Plan) on the respective due dates to the Employee under\nall his Relevant Savings Contracts.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">4.2  No\nEmployee shall make monthly contributions under Relevant Savings Contracts\nexceeding, in aggregate, £250 or such lesser amount as the Board may\ndecide.  The monthly savings\ncontributions shall not be less than £5 (or such greater amount as the Board\nmay specify not to exceed £10 per month) and shall be a multiple of £1 per\nmonth.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">4.3  If\npursuant to any invitation made under Rule 2.1 valid applications are\nreceived for Options over more Shares than the aggregate number for which\napplications were invited (or the limits referred to above are exceeded) the\nBoard shall scale down applications by carrying out any of the following steps\nin the order that they deem appropriate to the extent necessary to eliminate\nthe excess:-</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">4.3.1  each application where the applicant has\nelected to apply the maximum bonus under the Relevant Savings Contract shall be\ntreated as an application to apply the Standard Bonus;</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">4.3.2  each application shall be treated as exclusive\nof any bonus;</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">4.3.3  the contributions which each applicant has\napplied to make under the Relevant Savings Contract (and the number of Shares\ncomprised in the Option) shall be scaled down above whatever figure the Board\nmay determine, as nearly as possible proportionately (contributions rounded to\nthe nearest multiple of £1 per month), provided that in no case shall the\nmonthly contributions be reduced below £5 per month;</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">4.3.4  each application where the applicant has\napplied for one type of Relevant Savings Contract shall be treated as an\napplication for a Relevant Savings Contract of shorter duration; and</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">4.3.5  applications will be selected by lot each\nbased on monthly contributions of £5 and exclusive of any bonus.</font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">7</font></p>\n\n<div align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- ZEQ.=1,SEQ=7,EFW=\"2192666\",CP=\"VIRGIN MEDIA INC\",DN=\"5\",CHK=913926,FOLIO='7',FILE=\"DISK130:[09ZBI2.09ZBI79702]11497-2-KM-01_ZBI79702.CHC\",USER=\"JKEENE\",CD='May 1 22:34 2009' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">4.4  Each\napplication shall be deemed to be modified or withdrawn in accordance with the\nforegoing and the Board shall grant Options accordingly.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">5. \nEXERCISE OF OPTIONS</font></b></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">5.1  Subject\nto the provisions of Rules 6, 7 and 8 an Option may only be exercised\nwithin the six months commencing on the due date for repayment under the Option\nHolder’s Relevant Savings Contract. \nWhere an Option Holder has elected to receive the maximum bonus (and Rule 4.3.1\nhas not been applied to reduce such bonus to the Standard Bonus) the due date\nshall be the earliest date on which the maximum bonus is payable.  Where an Option Holder has elected to receive\nthe Standard Bonus the due date shall be the earliest date on which the\nStandard Bonus is payable.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">5.2  An Option\nshall be exercised by notice in writing (in the form prescribed by the Company\nprovided, however, that the Board may at its discretion accept a notice of\nexercise in any other form which is unambiguous and substantially equivalent\nthereto) given by the Option Holder to the Board in respect of all or some of\nthe Shares comprised in the Option and such notice shall be accompanied by the\nrelevant Option Certificate and a remittance for the aggregate of the Exercise\nPrices payable, such payment to be made only out of the proceeds of the\nRelevant Savings Contract.  No Option may\nbe exercised in respect of a number of Shares the aggregate of the Exercise\nPrices for which exceeds the amount (including any bonus and/or interest)\nrepaid under the Relevant Savings Contract. \nAny repayment under the Relevant Savings Contract shall exclude the\nrepayment of any contribution the due date for payment of which falls more than\none month after the date on which repayment is made.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">5.3  As soon\nas reasonably practicable and within 30 days of the receipt of notice of\nexercise of an Option and of the Option Certificate and the appropriate payment\nthe Board shall procure that the Option Holder acquires the Shares in respect\nof which the Option has been validly exercised by either (i) allotting or\nprocuring the allotment of Shares or (ii) transferring or procuring the\ntransfer of Shares to the Option Holder and the Board shall issue a definitive\ncertificate in respect of the Shares allotted or transferred (or such other\nevidence of allotment or issue as may be prescribed by the Board where such\nallotment and issue is by means of a relevant system, as defined in Regulation\n2(1) of the Uncertificated Securities Regulations 1995).  Save for any rights determined by reference\nto a date preceding the date of allotment, any Shares issued on the exercise of\nan Option shall rank equally with the other fully-paid Shares in issue at the\ndate of allotment.  When an Option is\nexercised only in part it shall lapse to the extent of the unexercised balance.</font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8</font></p>\n\n<div align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- ZEQ.=1,SEQ=8,EFW=\"2192666\",CP=\"VIRGIN MEDIA INC\",DN=\"5\",CHK=18075,FOLIO='8',FILE=\"DISK130:[09ZBI2.09ZBI79702]11497-2-KM-01_ZBI79702.CHC\",USER=\"JKEENE\",CD='May 1 22:34 2009' -->\n\n\n\n<div>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">5.4  If an\nOption Holder obtains repayment of his contributions under a Relevant Savings\nContract prior to the due date, the relevant Option shall thereupon lapse\nunless such Option is exercisable at the time of such repayment under Rule 6\nor 7.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">6. \nRIGHTS TO EXERCISE OPTIONS</font></b></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">6.1  Save as\nprovided in this Rule 6 an Option shall lapse if the participant misses\nmore than six monthly contributions under the Relevant Savings Contract or\nforthwith upon the Option Holder ceasing to be an Employee or, on the date of\nreceipt by the body administering the Relevant Savings Contract of a repayment\nnotice requesting repayment prior to the due date provided that such Option is\nnot then capable of being exercised.  No\nOption may be exercised by any person who is (or by the personal\nrepresentatives of a person who at the date of his death was) precluded from\nparticipating in the Plan by paragraph 11 of Schedule 3 to ITEPA.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">6.2  For the\npurposes of these Rules, where an Option Holder ceases to be an Employee\nbecause his employment is terminated by his employer without notice or where he\nterminates his employment with or without notice, his employment shall be\ndeemed to cease on the date on which the termination takes effect or, if\nearlier, the date of giving such notice.  If the Option Holder’s employment is\nterminated by his employer with notice his employment shall be deemed to cease\non the date when such notice expires and where the employer makes a payment\nwhich is expressed to be in lieu of such notice the Option Holder’s employment\nshall be deemed to cease when such payment is made.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">6.3  Where the\nholder of an unexercised Option ceases to be an Employee by reason of his death\nprior to the due date, the Option may be exercised by his personal\nrepresentatives within twelve months of the date of death but shall lapse if it\nhas not been exercised at the end of such period.  Where the holder of an unexercised Option\ndies on or within 6 months after the due date the Option must be exercised (if\nat all) by his personal representatives within 12 months of the said due date.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">6.4  Where the\nholder of an unexercised Option ceases to be an Employee by reason of:-</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">6.4.1  injury, disability, or redundancy (within the\nmeaning of the Employment Rights Act 1996 or the Employment Rights (Northern\nIreland) Order 1996); or</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">6.4.2  retirement either on reaching 65 years of age\n(which shall be the specified age for the purposes of paragraph 31 of Schedule\n3 to ITEPA) or at any other age at which he is bound to retire in accordance\nwith the terms of his contract of employment; or</font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">9</font></p>\n\n<div align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- ZEQ.=1,SEQ=9,EFW=\"2192666\",CP=\"VIRGIN MEDIA INC\",DN=\"5\",CHK=1026761,FOLIO='9',FILE=\"DISK130:[09ZBI2.09ZBI79702]11497-2-KM-03_ZBI79702.CHC\",USER=\"JKEENE\",CD='May 5 06:48 2009' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 42.55pt;text-align:left;text-indent:-42.55pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">6.4.3  a company ceasing to be under the control of\nthe Company, or a business or a part of a business being transferred to a\nperson who is neither an Associated Company of the Company nor a company of\nwhich the Company has control</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 42.55pt;text-align:left;text-indent:-42.55pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">any such Option must be exercised (if at all) within\nsix months of his so ceasing or, if earlier, within six months after the due\ndate, but (subject to Rule 6.7) shall lapse if it has not been exercised\nat the end of such period.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">6.5  Where the\nholder of an unexercised Option ceases to be an Employee after the expiry of a\nperiod of three years from the relevant Date of Grant by reason of retirement\nwith the consent of the Company before the age at which he is bound to retire\nin accordance with the terms of his contract of employment he may exercise any\nsuch Option within six months of the date of his so ceasing or, if earlier,\nwithin six months after the due date.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">6.6  An Option\nHolder who continues to hold the office or employment by virtue of which he is\neligible to participate in the Plan after the date on which he reaches 65 years\nof age may exercise his Option or Options within six months after that date or,\nif earlier, within six months after the due date.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">6.7  If at the\ndue date the holder of an unexercised Option has ceased to be an Employee but\nholds an office or employment in a company which is at the due date:-</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">6.7.1  an Associated Company; or</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">6.7.2  a company which is controlled by the Company</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 42.55pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">then any such Option may be exercised (if at all)\nwithin six months of the due date, but shall lapse if it has not been exercised\nat the end of the such period.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">6.8  No person\nshall be treated for the purposes of this Rule 6 as ceasing to be an\nEmployee until he ceases to hold an office or employment in the Company or in\nany Associated Company or company of which the Company has control.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">7. \nCHANGES IN CONTROL</font></b></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">7.1  Subject\nto Rule 7.2 if in connection with or as a result of a general offer to\nshareholders in the Company (or any of them) to acquire the whole of the issued\nordinary share capital of the Company which is made on a condition such that if\nit is satisfied the person making the offer will have control of the Company or\nto acquire all the Shares, the Company shall come under the control of another\nperson any Option may be exercised at any time within the period of six </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">10</font></p>\n\n<div align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- ZEQ.=1,SEQ=10,EFW=\"2192666\",CP=\"VIRGIN MEDIA INC\",DN=\"5\",CHK=295124,FOLIO='10',FILE=\"DISK130:[09ZBI2.09ZBI79702]11497-2-KM-03_ZBI79702.CHC\",USER=\"JKEENE\",CD='May 5 06:48 2009' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">months from such change of control taking place and,\nif it is not so exercised during this period it shall cease to be exercisable\nat the expiration thereof and if it is not capable of being exchanged pursuant\nto Rule 8 it shall lapse at the expiration thereof.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">7.2  If under\nSections 974 to 991 of the Companies Act 2006 or Articles 421 to 423 of the\nCompanies (Northern Ireland) Order 1986, or (where relevant) legislation that\nHM Revenue & Customs agrees is the overseas equivalent thereof any\nperson becomes bound or entitled to acquire shares of a class over which the\nOptions have been granted the Board shall forthwith notify every Option Holder\nand Options may be exercised within one month of such notification, but to the\nextent than any Option is not so exercised within such period it shall cease to\nbe exercisable at the expiration thereof and if it is not capable of being\nexchanged pursuant to Rule 8 it shall lapse on the expiration thereof.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">7.3  If under\nSections 895 to 901 of the Companies Act 2006 or Article 418 of the\nCompanies (Northern Ireland) Order 1986 or (where relevant) legislation that HM\nRevenue & Customs agrees is the overseas equivalent thereof the Court\nsanctions a compromise or arrangement proposed for the purposes of or in\nconnection with a scheme for the reconstruction of the Company or its\namalgamation with any other company or companies, any Option may be exercised\nbetween the date on which the Court sanctions such a compromise or arrangement\n(the “Sanction Date”) and the record date to determine the Shares in respect of\nwhich such compromise or arrangement becomes effective (or if such date would\nbe on or before the Sanction Date the record date in relation to which such\ncompromise or arrangement becomes effective) or within the period of six months\nof the Court sanctioning the compromise or arrangement, if this period expires\nearlier.  Options shall not be\nexercisable after the said record date and if not capable of being exchanged\npursuant to Rule 8 shall lapse on the expiration thereof.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">7.4  If notice\nis duly given to members of a resolution for the voluntary winding-up of the\nCompany Options granted under the Plan may be exercised within six months of\nthe passing of the resolution.  Subject\nthereto all Options shall lapse on the passing of a resolution to wind-up the\nCompany.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">7.5  Except as\nprovided in Rule 6.3 no Option shall be capable of being exercised later\nthan six months after the due date.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">7.6  For the\npurposes of this Rule 7 and Rule 8, a person shall be deemed to have\ncontrol of a company if he and others acting in concert with him have together\nobtained control of it.</font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">11</font></p>\n\n<div align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- ZEQ.=1,SEQ=11,EFW=\"2192666\",CP=\"VIRGIN MEDIA INC\",DN=\"5\",CHK=485807,FOLIO='11',FILE=\"DISK130:[09ZBI2.09ZBI79702]11497-2-KM-03_ZBI79702.CHC\",USER=\"JKEENE\",CD='May 5 06:48 2009' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div style=\"font-family:Times New Roman;\">\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">7.7  Where an\nOption is capable of being exchanged pursuant to Rule 8 but is not\nexchanged pursuant to Rule 8 the Option shall lapse at the end of the\nrelevant period specified in Rule 8.2.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">8. \nOPTIONS EXCHANGE</font></b></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.1  If any\ncompany (hereafter “the Acquiring Company”):-</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.1.1</font><font size=\"1\" style=\"font-size:3.0pt;\">                     </font><font size=\"2\" style=\"font-size:10.0pt;\">obtains control\nof the Company as a result of either:-</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 42.55pt;text-align:left;text-indent:-42.55pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 1.5in;text-align:left;text-indent:-.5in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.1.1.1</font><font size=\"1\" style=\"font-size:3.0pt;\">           </font><font size=\"2\" style=\"font-size:10.0pt;\">a general offer\nto acquire the whole of the ordinary share capital (other than the shares which\nthe Acquiring Company already holds) which is made on condition such that if it\nis satisfied the person making the Offer will have control of the Company; or</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 141.75pt;text-align:left;text-indent:-141.75pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 1.5in;text-align:left;text-indent:-.5in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.1.1.2</font><font size=\"1\" style=\"font-size:3.0pt;\">           </font><font size=\"2\" style=\"font-size:10.0pt;\">a general offer\nto acquire all the shares in the Company of the same class of the shares (other\nthan Shares which the Acquiring Company already holds);or</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 141.75pt;text-align:left;text-indent:-141.75pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.1.2  becomes bound or entitled to acquire shares\nin the Company under Sections 974 to 991 of the Companies Act 2006 or Articles\n421 to 423 of the Companies (Northern Ireland) Order 1986 or (where relevant)\nlegislation that HM Revenue & Customs agrees is the overseas\nequivalent thereof; or</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 42.55pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.1.3  obtains control of the Company in pursuance\nof a compromise or arrangement sanctioned by the court under Sections 895 to 901\nof the Companies Act 2006 or Articles 421 to 423 of the Companies (Northern\nIreland) Order 1986 or (where relevant) legislation that HM Revenue &\nCustoms agrees is the overseas equivalent thereof,</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 42.55pt;text-align:left;text-indent:-42.55pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">the Option Holder may, by agreement with the\nAcquiring Company, within the periods set out in Rule 8.2 below (and where\nmore than one of such periods shall apply to the same circumstances, within\nsuch one of the said periods as the Acquiring Company shall stipulate) release\n(the “Release”) his Options (the “Old Options”) in consideration of the grant\nto him of options over shares in the Acquiring Company or in another company\nwithin paragraph 38 of Schedule 3 to ITEPA (“New Options”).</font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">12</font></p>\n\n<div align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- ZEQ.=1,SEQ=12,EFW=\"2192666\",CP=\"VIRGIN MEDIA INC\",DN=\"5\",CHK=634042,FOLIO='12',FILE=\"DISK130:[09ZBI2.09ZBI79702]11497-2-KM-03_ZBI79702.CHC\",USER=\"JKEENE\",CD='May 5 06:48 2009' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.2  The\nperiods referred to in Rule 8.1 are as follows:-</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 42.55pt;text-align:left;text-indent:-42.55pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.2.1  in a case falling within Rule 8.1.1, the\nperiod of six months beginning with the time when the Acquiring Company has\nobtained control of the Company and any condition subject to which the offer is\nmade is satisfied or waived; and</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.2.2  in a case falling within Rule 8.1.2, the\nperiod during which the Acquiring Company remains bound or entitled as\nmentioned in Rule 8.1.2; and</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.2.3  in a case falling within Rule 8.1.3, the\nperiod of six months beginning with the time when the court sanctions the\ncompromise or arrangement.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 42.55pt;text-align:left;text-indent:-42.55pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.3  The grant\nof New Options may only take place on the following conditions:-</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.3.1  the shares over which the New Options are\ngranted (the “New Scheme Shares”) comply with the provisions relating to scheme\nshares contained in paragraphs 18 to 22 inclusive of Schedule 3 of ITEPA;</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.3.2  the total market value, immediately before\nthe Release, of the Shares which were subject to the Old Options is equal to\nthe total market value, immediately after the grant of the New Scheme Shares in\nrespect of which the New Options are granted to the Option Holder;</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.3.3  the total amount payable by the Option Holder\nfor the acquisition of New Scheme Shares on complete exercise of the New\nOptions is equal to the total amount that would have been payable for the\nacquisition of shares on complete exercise of the Old Options; and</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.3.4  the New Options are otherwise identical in\nterms to the Old Options.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 42.55pt;text-align:left;text-indent:-42.55pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.4  The New\nOptions shall, for all the other purposes of this Plan be treated as having\nbeen acquired at the same time as the Old Options were or were treated as\nacquired and “Date of Grant” shall be construed accordingly.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.5  Any\nagreement between the Acquiring Company and the Option Holder relating to the\nRelease will be on terms that HM Revenue & Customs shall have\npreviously approved and that the conditions set out in Rule 8.3 above\nshall have been satisfied in relation thereto with the result that the New\nOptions are treated in accordance with paragraph 39(5) of Schedule 3 to\nITEPA, this Plan, and the subsequent application of the provisions of this Plan\nto the New Options, as if such New Options had been granted at the same time as\nthe Old Options.</font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">13</font></p>\n\n<div align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- ZEQ.=1,SEQ=13,EFW=\"2192666\",CP=\"VIRGIN MEDIA INC\",DN=\"5\",CHK=280093,FOLIO='13',FILE=\"DISK130:[09ZBI2.09ZBI79702]11497-2-KM-03_ZBI79702.CHC\",USER=\"JKEENE\",CD='May 5 06:48 2009' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div style=\"font-family:Times New Roman;\">\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.6  Where the\nOption Holder releases his Options under Rule 8.1, the New Options granted\nto him on that Release shall not lapse, and nor shall the Option Holder be\nentitled to exercise the New Options early under Rule 7, solely by virtue\nof the circumstances which entitled the Option Holder to effect the Release.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.7  Where any New Options are\ngranted pursuant to Rule 8.1 the provisions of this Plan shall be read and\nconstrued as if:-</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 85.7pt;text-align:left;text-indent:-49.7pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.7.1</font><font size=\"1\" style=\"font-size:3.0pt;\">                                        </font><font size=\"2\" style=\"font-size:10.0pt;\">references\nto ‘the Company’ in Rules 5, 6, 7, 8, 9 and 10 were references to the\ncompany in respect of whose shares the new rights are granted;</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 84.95pt;text-align:left;text-indent:-49.5pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 85.7pt;text-align:left;text-indent:-49.7pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.7.2</font><font size=\"1\" style=\"font-size:3.0pt;\">                                        </font><font size=\"2\" style=\"font-size:10.0pt;\">references\nto ‘Shares’ in Rules 4, 5, 6, 7, 8, 9 and 10 were references to the New\nScheme Shares;</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 84.95pt;text-align:left;text-indent:-49.5pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 85.7pt;text-align:left;text-indent:-49.7pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.7.3</font><font size=\"1\" style=\"font-size:3.0pt;\">                                        </font><font size=\"2\" style=\"font-size:10.0pt;\">references\nto ‘Option Holder’ in Rules 5, 6, 7, 8, 9 and 10 were references to the\npersons to whom such rights are granted; and</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 84.95pt;text-align:left;text-indent:-49.5pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 85.7pt;text-align:left;text-indent:-49.7pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">8.7.4</font><font size=\"1\" style=\"font-size:3.0pt;\">                                        </font><font size=\"2\" style=\"font-size:10.0pt;\">references\nto ‘ordinary share capital’ in Rules 7, 8 and 9 were references to the\nordinary share capital of such company.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 84.95pt;text-align:left;text-indent:-49.5pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">9. \nADJUSTMENT OF OPTION TERMS</font></b></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">9.1  With the\nprior approval of HM Revenue & Customs (while the Plan is to remain\napproved) the number of Shares that are the subject of an Option and/or the\nExercise Price in respect thereof may be adjusted in such manner as the\nAuditors confirm in writing to be in their opinion fair and reasonable upon the\noccurrence of any capitalisation issue or offer by way of rights (including an\nopen offer) or upon any sub-division, reduction or consolidation or other\nvariation of the capital of the Company after the date on which the Option is\ngranted provided that the Exercise Price payable on the exercise of an Option\nto subscribe for Shares shall not be less than a sum equal to the nominal value\nof a Share.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">9.2  If as a\nresult of any issue the Exercise Price under any Option to subscribe for Shares\nwould (but for the proviso contained in Rule 9.1) fall below the nominal\nvalue of a Share the Company may, to the extent it is lawful so to do, upon\nexercise of such Option capitalise reserves to be applied in paying up\nadditional Shares to be allotted to the Option Holder to bring about a full\nequitable adjustment hereunder.</font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">14</font></p>\n\n<div align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- ZEQ.=1,SEQ=14,EFW=\"2192666\",CP=\"VIRGIN MEDIA INC\",DN=\"5\",CHK=696870,FOLIO='14',FILE=\"DISK130:[09ZBI2.09ZBI79702]11497-2-KM-03_ZBI79702.CHC\",USER=\"JKEENE\",CD='May 5 06:48 2009' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">10. \nGENERAL</font></b></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">10.1  The\nCompany shall keep available a sufficient number of unissued Shares and/or have\nthe agreement of other shareholders of the Company to transfer sufficient\nnumbers of the Shares held by them to satisfy the exercise in full of all\nOptions which the Company is liable to satisfy and which for the time being\nremain capable of being exercised.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">10.2  By participating in the\nPlan the Option Holder accepts that the rights and obligations under the Plan\ndo not form part of the Option Holder’s terms and conditions of employment with\nthe Company or any Subsidiary and the rights and obligations which the Option\nHolder and the Company or any Subsidiary owe to each other in relation to the\nOption Holder’s employment will not be affected by participation in the Plan.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">10.3  In particular (but without\nlimiting the generality of the Rule 10.2 ) any Option Holder whose\nemployment contract is terminated for whatever reason (including, for the\navoidance of doubt, where the contract is terminated by the Company or any\nSubsidiary in breach of contract) shall not be entitled to any compensation for\nloss of any right or benefit or prospective right or benefit under this Plan\nwhich he might otherwise have enjoyed or for the lapse of any right to an\nOption whether such compensation is claimed by way of damages for wrongful\ndismissal or other breach of contract or by way of compensation for loss of\noffice or otherwise howsoever and by participating in the Plan, the Option\nHolder irrevocably waives any such right.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">10.4  Any\nOptions will not count as pay or remuneration when calculating salary related\nbenefits (including pension).</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">10.5  No term\nin this Agreement is enforceable under the Contract (Rights of Third Parties)\nAct 1999 but this does not affect any rights or remedy of a third party which\nexists or is available apart from the Act.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">10.6  Any\nnotice in writing to be given to any Option Holder under the Plan shall be\nsufficiently given if sent through the post in a prepaid cover addressed to him\nat his address last known to the Company. \nAn Option Holder shall notify the Company in writing of any change of\naddress.  Any notice in writing to be\ngiven to the Company shall be properly given if sent to or left at the\nregistered office of the Company, addressed for the attention of the Company\nSecretary.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">10.7  If any\nmatter arises in connection with the Plan or its operation for which provision\nis not made in these Rules such matter shall be resolved, dealt with or\nprovided for in such manner as the Board shall in its absolute discretion think\nfit.</font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">15</font></p>\n\n<div align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- ZEQ.=1,SEQ=15,EFW=\"2192666\",CP=\"VIRGIN MEDIA INC\",DN=\"5\",CHK=210266,FOLIO='15',FILE=\"DISK130:[09ZBI2.09ZBI79702]11497-2-KM-03_ZBI79702.CHC\",USER=\"JKEENE\",CD='May 5 06:48 2009' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">10.8  The Plan\nand the rights and obligations of the Company shall be governed by and\nconstrued in accordance with the laws of the State of Delaware provided that\nnothing contained in this Rule shall be taken to have limited the right of\nthe Company to proceed in the courts of any competent jurisdiction.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">11. \nMODIFICATIONS TO PLAN</font></b></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">11.1  The\nBoard may from time to time make alterations to these Rules provided\nalways that:</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">11.1.1  no alteration of a key feature shall have\neffect until approved by the Board of HM Revenue & Customs (where the\nPlan is to remain approved) provided that HM Revenue & Customs\napproval shall not be required in respect of any alteration to any schedule\nattached hereto.  (For this purpose a key\nfeature is one which relates to a provision that is necessary in order to meet\nthe requirements of Schedule 3 to ITEPA); and</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt .5in;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">11.2.2  no alteration shall be effective which would\nmaterially prejudice the interests of Option Holders in relation to Options\nalready granted to them unless the written consent of such Option Holder has\nbeen obtained.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt 42.55pt;text-align:left;text-indent:-42.55pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">11.2  The\nBoard may at any time (without prejudice to the rights of Option Holders under\nsubsisting Options) suspend or terminate the operation of this Plan.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">11.3  The\nBoard’s decision on any matter concerning the Plan shall (subject as expressly\nprovided to the contrary in these Rules) be final and binding.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">12. \nINTERNATIONAL</font></b></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">12.1 \nNotwithstanding any other provision of this Plan, the Board may from\ntime to time amend or alter the provisions of the Plan and the terms of Options\nas they may in their absolute discretion consider necessary or desirable to\ncomply with or take account of relevant overseas legal, taxation or securities\nlaws provided that such alterations or amendments shall be made in accordance\nwith the provisions of Rule 11.1.</font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">12.2  Any\nalteration or amendment to this Plan made in pursuance of Rule 12.1 in\nrelation to the operation of the Plan in a particular jurisdiction shall be\ncontained in a separate Schedule in respect of the operation of the Plan in\nthat jurisdiction to be attached hereto.</font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">16</font></p>\n\n<div align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- ZEQ.=1,SEQ=16,EFW=\"2192666\",CP=\"VIRGIN MEDIA INC\",DN=\"5\",CHK=600865,FOLIO='16',FILE=\"DISK130:[09ZBI2.09ZBI79702]11497-2-KM-03_ZBI79702.CHC\",USER=\"JKEENE\",CD='May 5 06:48 2009' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div>\n\n<p align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">VIRGIN MEDIA</font></b></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">SHARESAVE PLAN</font></b></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">(Approved by HM Revenue &\nCustoms under</font></b></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Income Tax (Earnings and Pensions)\nACT 2003</font></b></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">on</font></b></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">(Reference: SRS 102712))</font></b></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">as adopted on 21 February 2008</font></b></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">and as amended by resolutions of\nthe</font></b></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">compensation committee</font></b></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">on 7 April 2008 and on 27 February 2009</font></b></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\"> </font></b></p>\n\n<div align=\"left\" style=\"margin:0in 0in .0001pt;text-align:left;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- ZEQ.=1,SEQ=17,EFW=\"2192666\",CP=\"VIRGIN MEDIA INC\",DN=\"5\",CHK=531699,FOLIO='',FILE=\"DISK130:[09ZBI2.09ZBI79702]11497-2-KM-03_ZBI79702.CHC\",USER=\"JKEENE\",CD='May 5 06:48 2009' -->\n\n\n<BR>\n<!-- TOCEXISTFLAG -->\n</BODY>\n</HTML>\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":84,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/890447/0001144204-06-006665-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/890447/0001144204-06-006665.txt"},"cik":{"kind":"string","value":"890447"},"name":{"kind":"string","value":"WORLD WASTE TECHNOLOGIES INC"},"type":{"kind":"string","value":"8-K"},"filing_date":{"kind":"string","value":"2006-02-16"},"report_date":{"kind":"string","value":"2006-02-16"},"seq":{"kind":"string","value":"7"},"desc":{"kind":"null"},"doc_type":{"kind":"string","value":"EX-10.6"},"size":{"kind":"string","value":"36930"},"filename":{"kind":"string","value":"ex_10-6.txt"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/890447/000114420406006665/ex_10-6.txt"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/7723b94abd740ae949bb771b2a4e42cb5e325f4d.txt"},"extension":{"kind":"string","value":"txt"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2006-02-16\", \"Accepted\": \"2006-02-16 09:05:20\", \"Documents\": \"9\", \"Period of Report\": \"2006-02-16\", \"Items\": \"Item 1.01: Entry into a Material Definitive Agreement\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.6\n<SEQUENCE>7\n<FILENAME>ex_10-6.txt\n<TEXT>\n\n SUBSIDIARY GUARANTEE\n\n SUBSIDIARY GUARANTEE, dated as of February 10, 2006 (this \"Guarantee\"),\nmade by each of the signatories hereto (together with any other entity that may\nbecome a party hereto as provided herein, (the \"Guarantors\"), in favor of the\npurchasers signatory (the \"Purchasers\") to that certain Securities Purchase\nAgreement, dated as of December 27, 2005, between World Waste Technologies, a\nCalifornia corporation (the \"Company\") and the Purchasers (the \"Purchase\nAgreement\").\n\n W I T N E S S E T H:\n\n WHEREAS, pursuant to the Purchase Agreement, the Company has agreed to\nsell and issue to the Purchasers, and the Purchasers have agreed to purchase\nfrom the Company the Company's Senior Secured Debentures, due August 7, 2007\n(the \"Debentures\"), subject to the terms and conditions set forth therein; and\n\n WHEREAS, each Guarantor will directly benefit from the extension of credit\nto the Company represented by the issuance of the Debentures; and\n\n NOW, THEREFORE, in consideration of the premises and to induce the\nPurchasers to enter into the Purchase Agreement and to carry out the\ntransactions contemplated thereby, each Guarantor hereby agrees with the\nPurchasers as follows:\n\n 1. Definitions. Unless otherwise defined herein, terms defined in the\nPurchase Agreement and used herein shall have the meanings given to them in the\nPurchase Agreement. The words \"hereof,\" \"herein,\" \"hereto\" and \"hereunder\" and\nwords of similar import when used in this Guarantee shall refer to this\nGuarantee as a whole and not to any particular provision of this Guarantee, and\nSection and Schedule references are to this Guarantee unless otherwise\nspecified. The meanings given to terms defined herein shall be equally\napplicable to both the singular and plural forms of such terms. The following\nterms shall have the following meanings:\n\n \"Guarantee\" means this Subsidiary Guarantee, as the same may be amended,\nsupplemented or otherwise modified from time to time.\n\n \"Obligations\" means the collective reference to all obligations and\nundertakings of the Company of whatever nature, monetary or otherwise, under the\nDebentures, the Purchase Agreement, the Security Agreement, the Warrants, the\nRegistration Rights Agreement or any other future agreement or obligations\nundertaken by the Company to the Purchasers, together with all reasonable\nattorneys' fees, disbursements and all other costs and expenses of collection\nincurred by Purchasers in enforcing any of such Obligations and/or this\nGuarantee.\n\n<PAGE>\n\n 2. Guarantee.\n\n (a) Guarantee.\n\n (i) The Guarantors hereby, jointly and severally,\nunconditionally and irrevocably, guarantee to the Purchasers and their\nrespective successors, indorsees, transferees and assigns, the prompt and\ncomplete payment and performance by the Company when due (whether at the stated\nmaturity, by acceleration or otherwise) of the Obligations.\n\n (ii) Anything herein or in any other Transaction Document to\nthe contrary notwithstanding, the maximum liability of each Guarantor hereunder\nand under the other Transaction Documents shall in no event exceed the amount\nwhich can be guaranteed by such Guarantor under applicable federal and state\nlaws, including laws relating to the insolvency of debtors, fraudulent\nconveyance or transfer or laws affecting the rights of creditors generally\n(after giving effect to the right of contribution established in Section 2(b)).\n\n (iii) Each Guarantor agrees that the Obligations may at any\ntime and from time to time exceed the amount of the liability of such Guarantor\nhereunder without impairing the guarantee contained in this Section 2 or\naffecting the rights and remedies of the Purchasers hereunder.\n\n (iv) The Guarantee contained in this Section 2 shall remain in\nfull force and effect until all the Obligations and the obligations of each\nGuarantor under the Guarantee contained in this Section 2 shall have been\nsatisfied by payment in full.\n\n (v) No payment made by the Company, any of the Guarantors, any\nother guarantor or any other Person or received or collected by the Purchasers\nfrom the Company, any of the Guarantors, any other guarantor or any other Person\nby virtue of any action or proceeding or any set-off or appropriation or\napplication at any time or from time to time in reduction of or in payment of\nthe Obligations shall be deemed to modify, reduce, release or otherwise affect\nthe liability of any Guarantor hereunder which shall, notwithstanding any such\npayment (other than any payment made by such Guarantor in respect of the\nObligations or any payment received or collected from such Guarantor in respect\nof the Obligations), remain liable for the Obligations up to the maximum\nliability of such Guarantor hereunder until the Obligations are paid in full.\n\n (vi) Notwithstanding anything to the contrary in this\nAgreement, with respect to any defaulted non-monetary Obligations the specific\nperformance of which by the Guarantors is not reasonably possible (e.g. the\nissuance of the Company's Common Stock), the Guarantors shall only be liable for\nmaking the Purchasers whole on a monetary basis for the Company's failure to\nperform such Obligations in accordance with the Transaction Documents.\n\n (b) Right of Contribution. Each Guarantor hereby agrees that to the\nextent that a Guarantor shall have paid more than its proportionate share of any\npayment made hereunder, such Guarantor shall be entitled to seek and receive\ncontribution from and against any other Guarantor hereunder which has not paid\nits proportionate share of such payment. Each Guarantor's right of contribution\nshall be subject to the terms and conditions of Section 2(c). The provisions of\nthis Section 2(b) shall in no respect limit the obligations and liabilities of\nany Guarantor to the Purchasers, and each Guarantor shall remain liable to the\nPurchasers for the full amount guaranteed by such Guarantor hereunder.\n\n 2\n<PAGE>\n\n (c) No Subrogation. Notwithstanding any payment made by any\nGuarantor hereunder or any set-off or application of funds of any Guarantor by\nthe Purchasers, no Guarantor shall be entitled to be subrogated to any of the\nrights of the Purchasers against the Company or any other Guarantor or any\ncollateral security or guarantee or right of offset held by the Purchasers for\nthe payment of the Obligations, nor shall any Guarantor seek or be entitled to\nseek any contribution or reimbursement from the Company or any other Guarantor\nin respect of payments made by such Guarantor hereunder, until all amounts owing\nto the Purchasers by the Company on account of the Obligations are paid in full.\nIf any amount shall be paid to any Guarantor on account of such subrogation\nrights at any time when all of the Obligations shall not have been paid in full,\nsuch amount shall be held by such Guarantor in trust for the Purchasers,\nsegregated from other funds of such Guarantor, and shall, forthwith upon receipt\nby such Guarantor, be turned over to the Purchasers in the exact form received\nby such Guarantor (duly indorsed by such Guarantor to the Purchasers, if\nrequired), to be applied against the Obligations, whether matured or unmatured,\nin such order as the Purchasers may determine.\n\n (d) Amendments, Etc. With Respect to the Obligations. Each Guarantor\nshall remain obligated hereunder notwithstanding that, without any reservation\nof rights against any Guarantor and without notice to or further assent by any\nGuarantor, any demand for payment of any of the Obligations made by the\nPurchasers may be rescinded by the Purchasers and any of the Obligations\ncontinued, and the Obligations, or the liability of any other Person upon or for\nany part thereof, or any collateral security or guarantee therefor or right of\noffset with respect thereto, may, from time to time, in whole or in part, be\nrenewed, extended, amended, modified, accelerated, compromised, waived,\nsurrendered or released by the Purchasers, and the Purchase Agreement and the\nother Transaction Documents and any other documents executed and delivered in\nconnection therewith may be amended, modified, supplemented or terminated, in\nwhole or in part, as the Purchasers may deem advisable from time to time, and\nany collateral security, guarantee or right of offset at any time held by the\nPurchasers for the payment of the Obligations may be sold, exchanged, waived,\nsurrendered or released. The Purchasers shall have no obligation to protect,\nsecure, perfect or insure any Lien at any time held by them as security for the\nObligations or for the guarantee contained in this Section 2 or any property\nsubject thereto.\n\n (e) Guarantee Absolute and Unconditional. Each Guarantor waives any\nand all notice of the creation, renewal, extension or accrual of any of the\nObligations and notice of or proof of reliance by the Purchasers upon the\nguarantee contained in this Section 2 or acceptance of the guarantee contained\nin this Section 2; the Obligations, and any of them, shall conclusively be\ndeemed to have been created, contracted or incurred, or renewed, extended,\namended or waived, in reliance upon the guarantee contained in this Section 2;\nand all dealings between the Company and any of the Guarantors, on the one hand,\nand the Purchasers, on the other hand, likewise shall be conclusively presumed\nto have been had or consummated in reliance upon the guarantee contained in this\nSection 2. Each Guarantor waives to the extent permitted by law diligence,\npresentment, protest, demand for payment and notice of default or nonpayment to\nor upon the Company or any of the Guarantors with respect to the Obligations.\nEach Guarantor understands and agrees that the guarantee contained in this\nSection 2 shall be construed as a continuing, absolute and unconditional\nguarantee of payment without regard to (a) the validity or enforceability of the\nPurchase Agreement or any other Transaction Document, any of the Obligations or\nany other collateral security therefor or guarantee or right of offset with\nrespect thereto at any time or from time to time held by the Purchasers, (b) any\ndefense, set-off or counterclaim (other than a defense of payment or performance\nor fraud or misconduct by Purchasers) which may at any time be available to or\nbe asserted by the Company or any other Person against the Purchasers, or (c)\nany other circumstance whatsoever (with or without notice to or knowledge of the\nCompany or such Guarantor) which constitutes, or might be construed to\nconstitute, an equitable or legal discharge of the Company for the Obligations,\nor of such Guarantor under the guarantee contained in this Section 2, in\nbankruptcy or in any other instance. When making any demand hereunder or\notherwise pursuing its rights and remedies hereunder against any Guarantor, the\nPurchasers may, but shall be under no obligation to, make a similar demand on or\notherwise pursue such rights and remedies as they may have against the Company,\nany other Guarantor or any other Person or against any collateral security or\nguarantee for the Obligations or any right of offset with respect thereto, and\nany failure by the Purchasers to make any such demand, to pursue such other\nrights or remedies or to collect any payments from the Company, any other\nGuarantor or any other Person or to realize upon any such collateral security or\nguarantee or to exercise any such right of offset, or any release of the\nCompany, any other Guarantor or any other Person or any such collateral\nsecurity, guarantee or right of offset, shall not relieve any Guarantor of any\nobligation or liability hereunder, and shall not impair or affect the rights and\nremedies, whether express, implied or available as a matter of law, of the\nPurchasers against any Guarantor. For the purposes hereof, \"demand\" shall\ninclude the commencement and continuance of any legal proceedings.\n\n 3\n<PAGE>\n\n (f) Reinstatement. The guarantee contained in this Section 2 shall\ncontinue to be effective, or be reinstated, as the case may be, if at any time\npayment, or any part thereof, of any of the Obligations is rescinded or must\notherwise be restored or returned by the Purchasers upon the insolvency,\nbankruptcy, dissolution, liquidation or reorganization of the Company or any\nGuarantor, or upon or as a result of the appointment of a receiver, intervenor\nor conservator of, or trustee or similar officer for, the Company or any\nGuarantor or any substantial part of its property, or otherwise, all as though\nsuch payments had not been made.\n\n (g) Payments. Each Guarantor hereby guarantees that payments\nhereunder will be paid to the Purchasers without set-off or counterclaim in U.S.\ndollars at the address set forth or referred to in the Purchase Agreement.\n\n 3. Representations and Warranties. Except as set forth under the\ncorresponding section of the disclosure schedules delivered to the Purchasers\nconcurrently herewith (the \"Disclosure Schedules\") which Disclosure Schedules\nshall be deemed a part hereof, each Guarantor hereby makes the following\nrepresentations and warranties to Purchasers as of the date hereof:\n\n (a) Organization and Qualification. The Guarantor is a corporation,\nduly incorporated, validly existing and in good standing under the laws of the\napplicable jurisdiction set forth on Schedule 1, with the requisite corporate\npower and authority to own and use its properties and assets and to carry on its\nbusiness as currently conducted. The Guarantor has no subsidiaries other than\nthose identified as such on the Disclosure Schedules to the Purchase Agreement.\nThe Guarantor is duly qualified to do business and is in good standing as a\nforeign corporation in each jurisdiction in which the nature of the business\nconducted or property owned by it makes such qualification necessary, except\nwhere the failure to be so qualified or in good standing, as the case may be,\ncould not, individually or in the aggregate, (x) adversely affect the legality,\nvalidity or enforceability of any of this Guaranty in any material respect, (y)\nhave a material adverse effect on the results of operations, assets, prospects,\nor financial condition of the Guarantor or (z) adversely impair in any material\nrespect the Guarantor's ability to perform fully on a timely basis its\nobligations under this Guaranty (a \"Material Adverse Effect\").\n\n 4\n<PAGE>\n\n (b) Authorization; Enforcement. The Guarantor has the requisite\ncorporate power and authority to enter into and to consummate the transactions\ncontemplated by this Guaranty, and otherwise to carry out its obligations\nhereunder. The execution and delivery of this Guaranty by the Guarantor and the\nconsummation by it of the transactions contemplated hereby have been duly\nauthorized by all requisite corporate action on the part of the Guarantor. This\nGuaranty has been duly executed and delivered by the Guarantor and constitutes\nthe valid and binding obligation of the Guarantor enforceable against the\nGuarantor in accordance with its terms, except as such enforceability may be\nlimited by applicable bankruptcy, insolvency, reorganization, moratorium,\nliquidation or similar laws relating to, or affecting generally the enforcement\nof, creditors' rights and remedies or by other equitable principles of general\napplication.\n\n (c) No Conflicts. The execution, delivery and performance of this\nGuaranty by the Guarantor and the consummation by the Guarantor of the\ntransactions contemplated thereby do not and will not (i) conflict with or\nviolate any provision of its Certificate of Incorporation or By-laws or (ii)\nconflict with, constitute a default (or an event which with notice or lapse of\ntime or both would become a default) under, or give to others any rights of\ntermination, amendment, acceleration or cancellation of, any agreement,\nindenture or instrument to which the Guarantor is a party, or (iii) result in a\nviolation of any law, rule, regulation, order, judgment, injunction, decree or\nother restriction of any court or governmental authority to which the Guarantor\nis subject (including Federal and state securities laws and regulations), or by\nwhich any material property or asset of the Guarantor is bound or affected,\nexcept in the case of each of clauses (ii) and (iii), such conflicts, defaults,\nterminations, amendments, accelerations, cancellations and violations as could\nnot, individually or in the aggregate, have or result in a Material Adverse\nEffect. The business of the Guarantor is not being conducted in violation of any\nlaw, ordinance or regulation of any governmental authority, except for\nviolations which, individually or in the aggregate, do not have a Material\nAdverse Effect.\n\n (d) Consents and Approvals. The Guarantor is not required to obtain\nany consent, waiver, authorization or order of, or make any filing or\nregistration with, any court or other federal, state, local, foreign or other\ngovernmental authority or other person in connection with the execution,\ndelivery and performance by the Guarantor of this Guaranty.\n\n (e) Purchase Agreement. The representations and warranties of the\nCompany set forth in the Purchase Agreement as they relate to such Guarantor,\neach of which is hereby incorporated herein by reference, are true and correct\nas of each time such representations are deemed to be made pursuant to such\nPurchase Agreement, and the Purchasers shall be entitled to rely on each of them\nas if they were fully set forth herein, provided, that each reference in each\nsuch representation and warranty to the Company's knowledge shall, for the\npurposes of this Section 3, be deemed to be a reference to such Guarantor's\nknowledge.\n\n 5\n<PAGE>\n\n (f) Foreign Law. Each Guarantor has consulted with appropriate\nforeign legal counsel with respect to any of the above representations for which\nnon-U.S. law is applicable. Such foreign counsel have advised each applicable\nGuarantor that such counsel knows of no reason why any of the above\nrepresentations would not be true and accurate. Such foreign counsel were\nprovided with copies of this Subsidiary Guarantee and the Transaction Documents\nprior to rendering their advice.\n\n 4. Covenants.\n\n (a) Each Guarantor covenants and agrees with the Purchasers that,\nfrom and after the date of this Guarantee until the Obligations shall have been\npaid in full, such Guarantor shall take, and/or shall refrain from taking, as\nthe case may be, each commercially reasonable action that is necessary to be\ntaken or not taken, as the case may be, so that no Event of Default is caused by\nthe failure to take such action or to refrain from taking such action by such\nGuarantor.\n\n (b) So long as any of the Obligations are outstanding, each\nGuarantor will not directly or indirectly on or after the date of this\nGuarantee:\n\n (i) other than Permitted Indebtedness (as defined in the\nDebentures), enter into, create, incur, assume, guarantee or suffer to exist any\nindebtedness for borrowed money of any kind, including but not limited to, a\nguarantee, on or with respect to any of its property or assets now owned or\nhereafter acquired or any interest therein or any income or profits therefrom;\n\n (ii) other than Permitted Liens (as defined in the\nDebentures), enter into, create, incur, assume or suffer to exist any liens of\nany kind, on or with respect to any of its property or assets now owned or\nhereafter acquired or any interest therein or any income or profits therefrom;\n\n (iii) amend its certificate of incorporation, bylaws or other\ncharter documents so as to materially and adversely affect any rights of the\nPurchasers;\n\n (iv) repay, repurchase or otherwise acquire shares of its\nCommon Stock or Common Stock Equivalents other than repurchases of shares of\nCommon Stock or other equity securities of departing officers and directors of\nthe Company; provided such repurchases shall not exceed $130,000, in the\naggregate, for all officers and directors during the time that this Agreement is\nin effect;\n\n (v) enter into any agreement with respect to any of the\nforegoing; or\n\n (vi) pay cash dividends or cash distributions on any equity\nsecurities of the Company.\n\n 6\n<PAGE>\n\n 5. Miscellaneous.\n\n (a) Amendments in Writing. None of the terms or provisions of this\nGuarantee may be waived, amended, supplemented or otherwise modified except in\nwriting by the Qualified Purchasers.\n\n (b) Notices. All notices, requests and demands to or upon the\nPurchasers or any Guarantor hereunder shall be effected in the manner provided\nfor in the Purchase Agreement; provided that any such notice, request or demand\nto or upon any Guarantor shall be addressed to such Guarantor at its notice\naddress set forth on Schedule 5(b).\n\n (c) No Waiver By Course Of Conduct; Cumulative Remedies. The\nPurchasers shall not by any act (except by a written instrument pursuant to\nSection 5(a)), delay, indulgence, omission or otherwise be deemed to have waived\nany right or remedy hereunder or to have acquiesced in any default under the\nTransaction Documents or Event of Default. No failure to exercise, nor any delay\nin exercising, on the part of the Purchasers, any right, power or privilege\nhereunder shall operate as a waiver thereof. No single or partial exercise of\nany right, power or privilege hereunder shall preclude any other or further\nexercise thereof or the exercise of any other right, power or privilege. A\nwaiver by the Purchasers of any right or remedy hereunder on any one occasion\nshall not be construed as a bar to any right or remedy which the Purchasers\nwould otherwise have on any future occasion. The rights and remedies herein\nprovided are cumulative, may be exercised singly or concurrently and are not\nexclusive of any other rights or remedies provided by law.\n\n (d) Enforcement Expenses; Indemnification.\n\n (i) Each Guarantor agrees to pay, or reimburse the Purchasers\nfor, all its costs and expenses incurred in collecting against such Guarantor\nunder the guarantee contained in Section 2 or otherwise enforcing or preserving\nany rights under this Guarantee and the other Transaction Documents to which\nsuch Guarantor is a party, including, without limitation, the reasonable fees\nand disbursements of counsel to the Purchasers.\n\n (ii) Each Guarantor agrees to pay, and to save the Purchasers\nharmless from, any and all liabilities with respect to, or resulting from any\ndelay in paying, any and all stamp, excise, sales or other taxes which may be\npayable or determined to be payable in connection with any of the transactions\ncontemplated by this Guarantee.\n\n (iii) Each Guarantor agrees to pay, and to save the Purchasers\nharmless from, any and all liabilities, obligations, losses, damages, penalties,\nactions, judgments, suits, costs, expenses or disbursements of any kind or\nnature whatsoever with respect to the execution, delivery, enforcement,\nperformance and administration of this Guarantee to the extent the Company would\nbe required to do so pursuant to the Purchase Agreement.\n\n (iv) The agreements in this Section shall survive repayment of\nthe Obligations and all other amounts payable under the Purchase Agreement and\nthe other Transaction Documents.\n\n 7\n<PAGE>\n\n (e) Successor and Assigns. This Guarantee shall be binding upon the\nsuccessors and assigns of each Guarantor and shall inure to the benefit of the\nPurchasers and their respective successors and assigns; provided that no\nGuarantor may assign, transfer or delegate any of its rights or obligations\nunder this Guarantee without the prior written consent of the Qualified\nPurchasers.\n\n (f) Set-Off. Each Guarantor hereby irrevocably authorizes the\nPurchasers at any time and from time to time while an Event of Default under any\nof the Transaction Documents shall have occurred and be continuing, without\nnotice to such Guarantor or any other Guarantor, any such notice being expressly\nwaived by each Guarantor, to set-off and appropriate and apply any and all\ndeposits, credits, indebtedness or claims, in any currency, in each case whether\ndirect or indirect, absolute or contingent, matured or unmatured, at any time\nheld or owing by the Purchasers to or for the credit or the account of such\nGuarantor, or any part thereof in such amounts as the Purchasers may elect,\nagainst and on account of the obligations and liabilities of such Guarantor to\nthe Purchasers hereunder and claims of every nature and description of the\nPurchasers against such Guarantor, in any currency, whether arising hereunder,\nunder the Purchase Agreement, any other Transaction Document or otherwise, as\nthe Purchasers may elect, whether or not the Purchasers have made any demand for\npayment and although such obligations, liabilities and claims may be contingent\nor unmatured. The Purchasers shall notify such Guarantor promptly of any such\nset-off and the application made by the Purchasers of the proceeds thereof,\nprovided that the failure to give such notice shall not affect the validity of\nsuch set-off and application. The rights of the Purchasers under this Section\nare in addition to other rights and remedies (including, without limitation,\nother rights of set-off) which the Purchasers may have.\n\n (g) Counterparts. This Guarantee may be executed by one or more of\nthe parties to this Guarantee on any number of separate counterparts (including\nby telecopy), and all of said counterparts taken together shall be deemed to\nconstitute one and the same instrument.\n\n (h) Severability. Any provision of this Guarantee which is\nprohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,\nbe ineffective to the extent of such prohibition or unenforceability without\ninvalidating the remaining provisions hereof, and any such prohibition or\nunenforceability in any jurisdiction shall not invalidate or render\nunenforceable such provision in any other jurisdiction.\n\n (i) Section Headings. The Section headings used in this Guarantee\nare for convenience of reference only and are not to affect the construction\nhereof or be taken into consideration in the interpretation hereof.\n\n (j) Integration. This Guarantee and the other Transaction Documents\nrepresent the agreement of the Guarantors and the Purchasers with respect to the\nsubject matter hereof and thereof, and there are no promises, undertakings,\nrepresentations or warranties by the Purchasers relative to subject matter\nhereof and thereof not expressly set forth or referred to herein or in the other\nTransaction Documents.\n\n (k) Governing Law. THIS GUARANTEE SHALL BE GOVERNED BY, AND\nCONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK\nWITHOUT REGARD TO ANY PRINCIPLES OF CONFLICTS OF LAWS.\n\n 8\n<PAGE>\n\n (l) Submission to Jurisdictional; Waiver. Each Guarantor hereby\nirrevocably and unconditionally:\n\n (i) submits for itself and its property in any legal action or\nproceeding relating to this Guarantee and the other Transaction Documents to\nwhich it is a party, or for recognition and enforcement of any judgment in\nrespect thereof, to the non-exclusive general jurisdiction of the Courts of the\nState of New York, located in New York County, New York, the courts of the\nUnited States of America for the Southern District of New York, and appellate\ncourts from any thereof;\n\n (ii) consents that any such action or proceeding may be\nbrought in such courts and waives any objection that it may now or hereafter\nhave to the venue of any such action or proceeding in any such court or that\nsuch action or proceeding was brought in an inconvenient court and agrees not to\nplead or claim the same;\n\n (iii) agrees that service of process in any such action or\nproceeding may be effected by mailing a copy thereof by registered or certified\nmail (or any substantially similar form of mail), postage prepaid, to such\nGuarantor at its address referred to in the Purchase Agreement or at such other\naddress of which the Purchasers shall have been notified pursuant thereto;\n\n (iv) agrees that nothing herein shall affect the right to\neffect service of process in any other manner permitted by law or shall limit\nthe right to sue in any other jurisdiction; and\n\n (v) waives, to the maximum extent not prohibited by law, any\nright it may have to claim or recover in any legal action or proceeding referred\nto in this Section any special, exemplary, punitive or consequential damages.\n\n (m) Acknowledgements. Each Guarantor hereby acknowledges that:\n\n (i) it has been advised by counsel in the negotiation,\nexecution and delivery of this Guarantee and the other Transaction Documents to\nwhich it is a party;\n\n (ii) the Purchasers have no fiduciary relationship with or\nduty to any Guarantor arising out of or in connection with this Guarantee or any\nof the other Transaction Documents, and the relationship between the Guarantors,\non the one hand, and the Purchasers, on the other hand, in connection herewith\nor therewith is solely that of debtor and creditor; and\n\n (iii) no joint venture is created hereby or by the other\nTransaction Documents or otherwise exists by virtue of the transactions\ncontemplated hereby among the Guarantors and the Purchasers.\n\n (n) Additional Guarantors. The Company shall cause each of its\nsubsidiaries formed or acquired on or subsequent to the date hereof to become a\nGuarantor for all purposes of this Guarantee by executing and delivering an\nAssumption Agreement in the form of Annex 1 hereto.\n\n 9\n<PAGE>\n\n (o) Release of Guarantors. Subject to Section 2.6, each Guarantor\nwill be released from all liability hereunder concurrently with the repayment in\nfull of all amounts owed under the Purchase Agreement, the Debentures and the\nother Transaction Documents.\n\n (p) Seniority. The Obligations of each of the Guarantors hereunder\nrank senior in priority to any other unsecured Debt (as defined in the\nDebentures) of such Guarantor.\n\n (q) Waiver of Jury Trial. EACH GUARANTOR AND, BY ACCEPTANCE OF THE\nBENEFITS HEREOF, THE PURCHASERS, HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE\nTRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS GUARANTEE AND\nFOR ANY COUNTERCLAIM THEREIN.\n\n IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee to\nbe duly executed and delivered as of the date first above written.\n\n\n\n\n By:_______________________________\n Name:\n Title:\n\n 10\n<PAGE>\n\n\n\n\n SCHEDULE 1\n\n GUARANTORS\n\n The following are the names, notice addresses and jurisdiction of\norganization of each Guarantor.\n\n<TABLE>\n<CAPTION>\n JURISDICTION OF OWNERSHIP\n INCORPORATION PERCENTAGE\n ------------------------- ---------------------------------\n<S> <C> <C>\nWorld Waste of California, Inc. California 100% owned by the Company\nWorld Waste of Anaheim, Inc. California 100% owned by World Waste of\n Anaheim, Inc.\n</TABLE>\n\n\n\n 11\n<PAGE>\n\n\n\n\n Annex 1 to\n SUBSIDIARY GUARANTEE\n\n ASSUMPTION AGREEMENT, dated as of ____ __, ______ made by\n______________________________, a ______________ corporation (the \"Additional\nGuarantor\"), in favor of the Purchasers pursuant to the Purchase Agreement\nreferred to below. All capitalized terms not defined herein shall have the\nmeaning ascribed to them in such Purchase Agreement.\n\n W I T N E S S E T H :\n\n WHEREAS, [COMPANY], a Delaware corporation (the \"Company\") and the\nPurchasers have entered into a Securities Purchase Agreement, dated as of\nDecember ___, 2005 (as amended, supplemented or otherwise modified from time to\ntime, the \"Purchase Agreement\");\n\n WHEREAS, in connection with the Purchase Agreement, the Company and its\nSubsidiaries (other than the Additional Guarantor) have entered into the\nSubsidiary Guarantee, dated as of [______________ ____, 200__ (as amended,\nsupplemented or otherwise modified from time to time, the \"Guarantee\") in favor\nof the Purchasers;\n\n WHEREAS, the Purchase Agreement requires the Additional Guarantor to\nbecome a party to the Guarantee; and\n\n WHEREAS, the Additional Guarantor has agreed to execute and deliver this\nAssumption Agreement in order to become a party to the Guarantee;\n\n NOW, THEREFORE, IT IS AGREED:\n\n 1. Guarantee. By executing and delivering this Assumption Agreement, the\nAdditional Guarantor, as provided in Section 5.14 of the Guarantee, hereby\nbecomes a party to the Guarantee as a Guarantor thereunder with the same force\nand effect as if originally named therein as a Guarantor and, without limiting\nthe generality of the foregoing, hereby expressly assumes all obligations and\nliabilities of a Guarantor thereunder. The information set forth in Annex 1-A\nhereto is hereby added to the information set forth in Schedule 1 to the\nGuarantee. The Additional Guarantor hereby represents and warrants that each of\nthe representations and warranties contained in Section 3 of the Guarantee is\ntrue and correct on and as the date hereof as to such Additional Guarantor\n(after giving effect to this Assumption Agreement) as if made on and as of such\ndate.\n\n 2. Governing Law. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND\nCONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.\n\n 12\n<PAGE>\n\n IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement\nto be duly executed and delivered as of the date first above written.\n\n [ADDITIONAL GUARANTOR]\n\n\n By:_____________________________\n Name:\n Title:\n\n\n 13\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":85,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/879301/0000879301-97-000011-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/879301/0000879301-97-000011.txt"},"cik":{"kind":"string","value":"879301"},"name":{"kind":"string","value":"LASERSIGHT INC /DE"},"type":{"kind":"string","value":"10-K"},"filing_date":{"kind":"string","value":"1997-03-28"},"report_date":{"kind":"string","value":"1996-12-31"},"seq":{"kind":"string","value":"5"},"desc":{"kind":"string","value":"CORRESPONDENCE"},"doc_type":{"kind":"string","value":"EX-10.34"},"size":{"kind":"string","value":"1110"},"filename":{"kind":"null"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/879301/0000879301-97-000011.txt"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/36210a44b618547d29917f76cd79bafd083b1bb7.txt"},"extension":{"kind":"string","value":"txt_filing"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"1997-03-28\", \"Accepted\": \"1997-03-28 00:00:00\", \"Documents\": \"14\", \"Period of Report\": \"1996-12-31\", \"SROs\": \"NASD\"}"},"file_content":{"kind":"string","value":"\n<DOCUMENT>\n<TYPE>EX-10.34\n<SEQUENCE>5\n<DESCRIPTION>CORRESPONDENCE\n<TEXT>\n\n\n EXHIBIT 10.34\n -------------\n\nJanuary 8, 1997\n\n\nMark B. Gordon, O.D.\nHoward H. Levin, O.D.\nMEC Health Care, Inc.\n100 Park Avenue\nBaltimore, MD 21201\n\nDear Mark and Howard:\n\nThis is to confirm our agreement relative to the Agreement and Plan of Merger\ndated as of August 28, 1995, as amended as of October 5, 1995, and the extension\nof the promissory note dated October 30, 1996:\n\n 1.The original promissory note, currently with a balance of one million\n dollars ($1,000,000) will be extended to April 1, 1997.\n\n 2.The term of the escrow agreement will be extended to April 16, 1997.\n\nIf the foregoing is acceptable to you, please execute this letter in the place\nprovided below.\n\nSincerely yours,\n\nLASERSIGHT INCORPORATED\n\n\nBy: /s/Michael R. Farris\n --------------------------\n Michael R. Farris\n\n\n /s/Mark Gordon /s/Howard Levin\n -------------------------- -------------------------\n Mark B. Gordon, O.D. Howard H. Levin, O.D.\n\n</TEXT>\n</DOCUMENT>"}}},{"rowIdx":86,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1010519/0001010519-99-000005-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1010519/0001010519-99-000005.txt"},"cik":{"kind":"string","value":"1010519"},"name":{"kind":"string","value":"UNION FINANCIAL SERVICES I INC"},"type":{"kind":"string","value":"10-Q"},"filing_date":{"kind":"string","value":"1999-05-14"},"report_date":{"kind":"string","value":"1999-03-31"},"seq":{"kind":"string","value":"2"},"desc":{"kind":"null"},"doc_type":{"kind":"string","value":"EX-10.2.1"},"size":{"kind":"string","value":"37185"},"filename":{"kind":"null"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1010519/0001010519-99-000005.txt"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/9c70e905ce1798192492059c041e8438e2154194.txt"},"extension":{"kind":"string","value":"txt_filing"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"1999-05-14\", \"Accepted\": \"1999-05-14 00:00:00\", \"Documents\": \"3\", \"Period of Report\": \"1999-03-31\"}"},"file_content":{"kind":"string","value":"\n<DOCUMENT>\n<TYPE>EX-10.2.1\n<SEQUENCE>2\n<TEXT>\n\n\n SECOND AMENDED AND RESTATED SERVICING AGREEMENT\n\n THIS SECOND AMENDED AND RESTATED SERVICING AGREEMENT (the \"Agreement\")\nentered into and effective as of the 18th day of December, 1998, by and between\nUNION BANK AND TRUST COMPANY, a Nebraska banking corporation (\"Union Bank\"), and\nUNION FINANCIAL SERVICES-1, Inc., a Nevada corporation (\"UFS-1\").\n\n WHEREAS, Union Bank's subsidiary, UNIPAC Service Corporation, and Union\nBank's affiliate, InTuition, Inc. (collectively, \"Servicer\"), as subservicing\nagent, are in the business of servicing loans which are made and guaranteed in\naccordance with the provisions of the Higher Education Act of 1965, as amended\n(the \"Education Act\") (references hereinafter to the \"Education Act\" include\nrules and regulations promulgated thereunder as in effect from time to time);\nand\n\n WHEREAS, Servicer has developed and/or has available to it the systems\nand services to enable it to process and service Education Loans in accordance\nwith the Education Act, and those guarantee agencies as are satisfactory to\nServicer (\"Guarantor(s)\"); and\n\n WHEREAS, Servicer has developed and/or has available to it the systems\nand services to enable it to process and service Education Loans in accordance\nwith the Rules and Regulations (the \"Regulations\") promulgated by Guarantor\n(references hereinafter to the \"Regulations\" include Rules and Regulations\npromulgated thereunder as in effect from time to time); and\n\n WHEREAS, UFS-1 acquires student loans made and guaranteed under the\nEducation Act (\"Education Loans\"); and\n\n WHEREAS, UFS-1 desires to retain Union Bank to cause InTuition, Inc. to\nprocess and service UFS-1's Education Loans, which are acquired from InTuition\nHoldings, Inc. in the future, and for InTuition, Inc. to act as subservicer\nunder the terms of that certain Loan Servicing Agreement between Union Bank and\nInTuition, Inc., dated of even date herewith (the \"InTuition Servicing\nAgreement\"), and UFS-1 desires to retain Union Bank to cause UNIPAC Service\nCorporation to process and service UFS-1's Education Loans and for UNIPAC\nService Corporation to act as subservicer under the terms of that certain UNIPAC\nService Corporation Guaranteed Student Loan Program Servicing Agreement between\nUnion Bank and UNIPAC Service Corporation, dated January 1, 1995, as amended\n(the \"UNIPAC Servicing Agreement\"); and\n\n WHEREAS, the parties hereto entered into that certain Amended and\nRestated Servicing Agreement dated June 19, 1998, and the parties wish to amend\nand restate such prior agreement under the terms specified herein.\n\n NOW THEREFORE, in consideration of the premises and the mutual covenants\nhereinafter set forth, the parties agree as follows:\n\n 1. Definitions. Capitalized terms which are not otherwise defined in\nthis Agreement shall have the meanings ascribed thereto in that certain Second\nAmended and Restated Indenture of Trust dated as of November 1, 1996, between\nNorwest Bank Minnesota, National Association as Trustee, predecessor to Zions\nFirst National Bank as successor Trustee, and UFS-1.\n\n \n<PAGE>\n\n 2. Term.\n\n 2.1 The term of the Agreement shall continue until the earlier of (i)\ntermination of the Indenture, (ii) early termination after material default by\nServicer as provided for in Section 16 of this Agreement, and (iii) the\nEducation Loans serviced under this Agreement are paid in full.\n\n 2.2 Upon the termination of this Agreement, Union Bank shall turn over\nto UFS-1 all Education Loan files complete with all information contained\ntherein and all current computer information on the Education Loans under\nservice pursuant to this Agreement in such form or fashion as UFS-1 shall\nreasonably specify. Union Bank and UFS-1 specifically agree that the format used\nto transfer UFS-1's data contains confidential and proprietary trade secret\ninformation which is the exclusive property of Union Bank and/or Servicer. Union\nBank makes no claim to the specific data contained in any printout given to\nUFS-1 and recognizes that said data is the exclusive property of UFS-1. Union\nBank and UFS-1 agree, however, that all aspects of the underlying computer\nprogram, algorithms, methods of processing, specific design and layout, report\nformat, and the unique processing techniques and interactions of the various\naspects of Union Bank's and/or Servicer's computer program are trade secrets of,\nproprietary to, and owned exclusively by Union Bank and/or Servicer. At such\ndeconversion, a minimum fee of $12.00 per account plus any other reasonable\nexpenses incurred in connection with the transfer of such files and other\ninformation shall be paid by UFS-1; provided however, that in the event\ndeconversion results from early termination of this Agreement under Section 16\nhereof due to the breach by Union Bank, UFS-1 shall pay only the actual expenses\nincurred in connection with the transfer of such files and other information.\nThe confidentiality provisions of this paragraph shall survive any termination\nor expiration of this Agreement.\n\n 3. Delivery of Completed Education Loans for Servicing and Collection.\nSubject to Servicer's scheduling requirements, UFS-1 may from time to time\ndeliver or cause to be delivered to Servicers Education Loans with respect to\nwhich loan processing has been completed and loan proceeds have been fully\ndisbursed to the student/parent borrowers prior to the date of delivery\n(\"Completed Education Loans\") to be serviced pursuant to the terms of this\nAgreement. UFS-1 shall transmit to Servicer all such loan documentation as\nrequired by Servicer to enable it to service the Completed Education Loans as\nprovided herein.\n\n 4. Servicing of Completed Education Loans. Upon acceptance of any\nCompleted Education Loan into Servicer's computer system and after the sale date\n(if applicable) of the Completed Education Loan to UFS-1, Union Bank shall cause\nServicer to service such Education Loan in accordance with the Education Act,\nthe Regulations, and in accordance with the provisions of this Agreement,\nincluding the following:\n\n (a) Servicer shall take all steps necessary to maintain the Insurance on\nEducation Loans in full force at all times.\n \n 2\n<PAGE>\n\n (b) Servicer shall prepare and mail directly to the student/parent\nborrower all required statements, notices, disclosures and demands.\n\n (c) Servicer shall retain records of contacts, follow-ups, collection\nefforts and correspondence regarding each Education Loan.\n\n (d) Servicer shall provide accounting for all transactions related to\nindividual Education Loans, including, but not limited to, accounting for all\npayments of principal and interest upon such Education Loans.\n\n (e) Servicer shall process all deferments and forbearances.\n\n (f) Servicer shall process all address changes and update address\nchanges accordingly.\n\n (g) Servicer shall retain all documents received by Union Bank\npertaining to each Education Loan, including the original promissory note with\nrespect to each Education Loan.\n\n (h) When necessary and allowable by the Education Act, Servicer shall\ntake all steps necessary to file a claim for loss with Guarantor, and shall be\nresponsible for all communication and contact with that agency necessary or\nappropriate to accomplish the same.\n\n (i) Servicer shall provide a Lender's Manifest of Education Loans on all\nnew accounts, accounts paid in full or converted to repayment, and provide any\nother information required by Guarantor.\n\n (j) Servicer shall provide such other services as Servicer customarily\nprovides and deems appropriate.\n\n (k) Union Bank and UFS-1 agree that upon delivery of the original\npromissory notes relating to the Education Loans to the Servicer as Custodian\npursuant to the Custodian Agreement, that each shall and does relinquish all\npower and control over such promissory notes, subject to responsibilities of\nUnion Bank under this Agreement.\n\n 5. Additional Servicing Activities. At UFS-1's request Union Bank agrees\nto cause Servicer to perform additional servicing activities not required under\nthe terms of this Agreement for those Education Loans transferred to Servicer as\nCompleted Education Loans which have not been previously serviced in accordance\nwith the Education Act and Regulations, and which require additional servicing\nactivity to attempt to maintain or reinstate the loans' principal and interest\nguarantee from the Guarantor (\"Cure Procedures\"). Union Bank shall cause\nServicer, utilizing Cure Procedures approved by the Guarantor, to use Servicer's\nbest efforts to cure all defects caused by UFS-1. Union Bank makes no\nrepresentation or warranty that the guarantee on each Education Loan will be\nreinstated regardless of Servicer following the Cure Procedures as approved by\nthe Guarantor. UFS-1 agrees to pay Union Bank those fees for Cure Services\ndescribed in Schedule A under the topic entitled \"Additional Servicing\nActivity\".\n 3\n\n<PAGE>\n\n 6. Portfolios Subject to Rejection by Union Bank. UFS-1 acknowledges\nthat certain loan portfolio types pose a risk of financial hardship for Servicer\nto service under this Agreement. Union Bank may in its discretion, prior to\nplacing such loans in the Servicer's system, reject certain loans or loan\nportfolios (\"Rejected Loans\"). Union Bank shall provide UFS-1 with reasonable\nadvance notice as to any Rejected Loans which Union Bank declines to place on\nServicer's system. Union Bank shall have no right to reject or decline loans\nafter the loans are transferred to the Servicer's system.\n\n 7. Reports to UFS-1. On or before the 15th day of each month, unless\nsome other time is provided herein, Union Bank shall cause Servicer to prepare\nand deliver to UFS-1 and the Trustee (upon Trustee's request), or to such other\nperson as UFS-1 may designate, the following reports with respect to activity\nduring the preceding month:\n\n (a) As of the last day of each month, an unaudited statement, in\nreasonable detail, of all transactions during that month on Completed Education\nLoans serviced by Servicer for UFS-1;\n\n (b) Processing Status Report (daily);\n\n (c) Check Register (daily);\n\n (d) Posting Ledger (daily/monthly);\n\n (e) Statistical Report (monthly);\n\n (f) Loan Ledger/Alpha Report (monthly);\n\n (g) Guarantor Manifest (monthly);\n\n (h) Delinquency Report (daily/monthly);\n\n (i) Claims Activity Report (monthly).\n\n UFS-1 shall receive at no cost one copy of each of the foregoing\nreports. Union Bank will cause Servicer to provide extra copies at the request\nof UFS-1. UFS-1 shall reimburse Union Bank for the cost in producing such extra\ncopies.\n\n 8. Interest Computation. Union Bank shall cause Servicer to provide on a\nquarterly basis statistical data for the computation of interest and special\nallowance billable to the U.S. Department of Education for UFS-1's Education\nLoans. Data will be computed commencing with the date Education Loans appear on\nthe records of Servicer.\n\n 4\n<PAGE>\n\n 9. Service Fee to Union Bank. UFS-1 shall pay to Union Bank, on or\nbefore the 15th day of each month, or within fifteen (15) days of billing\nstatement (which may be sent either by Union Bank or Servicer), for and in\nconsideration of the services performed by Union Bank and Servicer hereunder for\nthe preceding month, the fee provided for in Schedule A of this Agreement\n(\"Servicing Fee\"). The Servicing Fee shall be subject to change every twelve\n(12) months. Such change shall not result in an increase that will exceed three\nand one-fifth percent (3.2%) cumulatively for any twelve (12) month period. In\naddition, these fees are subject to renegotiation every three years, subject to\nthe renegotiated fees meeting approval of the Rating Agencies. In the event the\nparties cannot agree to new fees for each three year period, then either party\nmay terminate this Agreement upon 90 days written notice to the other. In the\nevent Servicing Fees are not paid within thirty (30) days of the billing\nstatement, UFS-1 agrees Union Bank will have the following rights to (a) impose\na late charge of one and one-half percent (1 1/2%) per month against the entire\noutstanding balance of the past due Servicing Fee including any prior late\ncharge; and (b) terminate services without notice if nonpayment persists for\nsixty (60) days from billing or more. The Servicing Fee and related charges\nshall be paid only from the Trust Estate and only to the extent moneys are\navailable in the Revenue Fund as provided for under the terms of the Indenture.\n\n The parties agree that should Servicer be required to make material\nchanges to its current servicing practices or servicing system due to changes to\nthe Education Act, Regulations, and/or business environment, or to other costs\nbeyond Union Bank's control, including but not limited to postal fees, Union\nBank may renegotiate the Servicing Fees with UFS-1 to reasonably reflect those\nincreased costs at any time during the term of this Agreement.\n\n 10. Loan Payments. Student/parent borrowers will make all loan payments\nto a third party lockbox established by Servicer. All cash receipts will be\nremitted once a week to the Trustee for deposit into the Student Loan Holding\nFund.\n\n 11. Disclosure of Information. All data, information, records,\ncorrespondence, reports or other documentation received by Union Bank or\nServicer pursuant to this Agreement from UFS-1 or the school which the student\nattended or from the student/parent borrower, or prepared and maintained by\nUnion Bank or Servicer in the course of its activities under this Agreement\nshall be released or divulged only to UFS-1 and the Trustee, or with respect to\ninformation or documents relating to a particular student/parent borrower, to\nthat student/parent borrower, or to such other parties as Union Bank or Servicer\nmay be directed in writing by UFS-1 or such student/parent borrower.\n\n 12. Intellectual Property Protection. Notwithstanding anything in this\nAgreement to the contrary, it is the express intention of the parties to this\nAgreement that all right, title and interest of whatever nature in Union Bank's\nand/or Servicer's user manuals, training materials, all computer programs,\nroutines, structures, layout, report formats, together with all subsequent\nversions, enhancements and supplements to said programs, all copyright rights\n(including both source and object code) and all oral or written information\nrelating to Union Bank's and/or Servicer's programs conveyed in confidence by\nUnion Bank or Servicer to UFS-1 pursuant to this Agreement which is not\ngenerally known to the public and which give Union Bank or Servicer an advantage\nover its competitors who do not know or use such information (hereinafter\ncollectively referred to as \"Trade Secrets\"), and all other forms of\nintellectual property of whatever nature is and shall remain the sole and\nexclusive property of Union Bank and/or Servicer.\n \n 5\n<PAGE>\n\n 13. Inquiries. Union Bank shall answer or shall cause Servicer to answer\nall inquiries received by it pertaining to Education Loans, school status or\nrefunds, and UFS-1 shall cooperate to the extent necessary to gather the\ninformation needed to answer such inquiries. Such inquiries may be referred to\nthe school which the Student Borrower attended or is attending, if necessary.\nNeither Union Bank nor Servicer shall have any responsibility for any disputes\nbetween student/parent borrowers and schools regarding tuition, registration,\nattendance, or quality of education/training.\n\n 14. Agent Authorization. UFS-1 hereby authorizes Union Bank and Servicer\nto act on behalf of and as UFS-1's agent in the servicing of UFS-1's Education\nLoans. Such authorization will include but not be limited to all correspondence\nand liaison necessary with Guarantor regarding UFS-1's Education Loans,\nassignment of claims to Guarantor and any/or all other communications,\ncorrespondence, signatures or other acts appropriate to service UFS-1's\nEducation Loans in accordance with the Education Act and/or Regulations.\n\n 15. Liability of Union Bank and Servicer. Union Bank and Servicer assume\nno responsibility or liability for failure of UFS-1 to exercise reasonable care\nor due diligence and the results thereof, in making or servicing an Education\nLoan prior to placing of the Education Loan on Servicer's system and prior to\nthe date UFS-1 holds ownership of the Education Loan. Union Bank and Servicer\nalso assume no liability for the failure of any student/parent borrower to repay\nhis or her loan, nor the failure of the United States government to pay any\nprincipal, interest, subsidy or special allowance, nor for the failure of\nGuarantor to make payment of any principal and/or interest on any of UFS-1's\nEducation Loans. Union Bank and Servicer shall not be responsible for\nconsequences of unreasonable acts of any Guarantor. In the event Servicer shall\ntake any action or fail to take any action which causes any Education Loan in\nUFS-1's portfolio to be denied the benefit of any applicable guarantee, Union\nBank and Servicer shall have a reasonable time to cause the benefits of the\nguarantee to be reinstated. If the guarantee is not reinstated within twelve\n(12) months of denial by Guarantor, Union Bank shall cause Servicer to pay UFS-1\nan amount equal to the outstanding principal balance plus all accrued interest\nand other fees due on the Education Loan to the date of purchase, less the\namount subject to UFS-1 Risk Sharing under the Education Act and Regulations,\nand thereupon Servicer shall be subrogated to all rights of UFS-1 respecting the\napplicable Education Loan, including without limitation the right to collect on\nthe Education Loan, the right to federal subsidies, and agency authorization to\nlitigate in accordance with the Subrogation Agreement with Servicer. In such\nevent, UFS-1 agrees to perform such further acts as shall be necessary or\nappropriate to subrogate the Education Loan to Servicer. For any subrogated\nEducation Loan for which the guarantee is fully reinstated by Guarantor, UFS-1\nshall pay Servicer an amount equal to the then outstanding principle balance\nplus all accrued interest due thereon, less the amount subject to UFS-1 Risk\nSharing under the Education Act and Regulations, whereupon the subrogation\nrights of Servicer shall terminate. In such event, Union Bank agrees to cause\nServicer to perform such further acts as shall be necessary or appropriate to\nreconvey the Education Loan to UFS-1. It is hereby acknowledged that Union Bank\nshall not be performing any of the servicing activities described in this\nAgreement, and that Servicer shall be responsible for performance of all such\nservicing duties. As such, Union Bank shall have no liability of any nature\nwhatsoever arising out of or in connection with this Agreement for any negligent\nor wrongful act or omission on the part of Servicer; provided, however, that\nUnion Bank hereby assigns, transfers and sets over unto UFS-1 all of Union\nBank's rights and remedies against Servicer as they pertain to UFS-1's Education\nLoans.\n 6\n<PAGE>\n\n 16. Termination Option. If at any time during the term of this Agreement\neither party refuses or fails to perform in a material fashion any portion of\nthis Agreement, and fails or refuses to correct said action or lack of action\nwithin thirty (30) days after receipt of written notice, the other party may,\nupon thirty (30) days written notice, terminate this Agreement. Without limiting\nthe generality of the foregoing sentence, the following shall be deemed as\nfailure or refusal to perform in a material fashion: (i) failure by Servicer to\nmake deposits to the Trustee of payments received with respect to the Education\nLoans, (ii) failure to perform or observe in any material respect any covenants\nor agreements contained herein, or (iii) becoming subject to an insolvency or\nreceivership proceeding.\n\n 17. Indemnification. UFS-1 shall indemnify and hold Union Bank and/or\nServicer harmless from and against all claims, liabilities, losses, damages,\ncosts and expenses (including reasonable attorney's fees) asserted against or\nincurred by Union Bank and/or Servicer as a result of Union Bank and/or Servicer\ncomplying with any instruction or directive by UFS-1 and Union Bank and/or\nServicer shall in like manner indemnify UFS-1 for any miscompliance with any\nsuch instruction or directive by Union Bank. UFS-1 shall further indemnify and\nhold Union Bank and/or Servicer harmless from and against all claims,\nliabilities, losses, damages, costs and expenses (including reasonable\nattorney's fees) asserted against or incurred by Union Bank and/or Servicer as a\nresult of actions not the fault of or not caused by a negligent act of Union\nBank and/or Servicer, and their respective agents or employees, including all\nclaims, liabilities, losses, damages and costs caused by or the fault of UFS-1,\na prior holder, owner or UFS-1, a prior servicer or any other party connected in\nany manner to the loan or loans resulting in the claim, liability, loss, damage\nor cost.\n\n 18. Statute of Limitations. Any action for the breach of any provisions\nof this Agreement shall be commenced within one (1) year after the Education\nLoan leaves the Servicer's servicing system.\n\n 19. Governing Law. This Agreement is executed and delivered within the\nState of Colorado, and the parties hereto agree that it shall be construed,\ninterpreted and applied in accordance with the laws of that State, and that the\ncourts and authorities within the State of Colorado shall have sole jurisdiction\nand venue over all controversies which may arise with respect to the execution,\ninterpretation and compliance with this Agreement.\n\n 20. Changes In Writing. This Agreement, including this provision hereof,\nshall not be modified or changed in any manner except only by a writing signed\nby all parties hereto.\n\n 21. Severability. In the event a court of competent jurisdiction finds\nany of the provisions of this Agreement to be so overly broad as to be\nunenforceable or invalid for any other reason, it is the parties' intent that\nsuch invalid provisions be reduced in scope or eliminated by the court, but only\nto the extent deemed necessary by the court to render the provisions of this\nAgreement reasonable and enforceable.\n \n 7\n<PAGE>\n\n 22. Persons Bound. This Agreement shall be binding upon and inure to the\nbenefit of the parties hereto, their legal representatives, heirs, successors\nand assigns.\n\n 23. Assignment. This Agreement shall not be assigned by either party\nwithout the prior written consent of the other party which consent shall not be\nunreasonably withheld; provided, however, that UFS-1 may assign this Agreement\nto the Trustee subject to the terms of Section 32 hereof, and Union Bank may\nassign this Agreement to Servicer.\n\n 24. Mutual Release. Each of the parties to this Agreement releases the\nother party from any and all claims, or causes of the other arising from any\nevent or transaction occurring prior to the execution of this Agreement. This\nrelease is an independent covenant between the parties, and will survive any\ntermination of this Agreement.\n\n 25. Titles. The titles used in this Agreement are intended for\nconvenience and reference only. They are not intended and shall not be construed\nto be a substantive part of this Agreement or in any other way to affect the\nvalidity, construction or effect of any of the provisions of this Agreement.\n\n 26. Waiver. The waiver or failure of either party to exercise in any\nrespect any right provided for herein shall not be deemed a waiver of any\nfurther right hereunder.\n\n 27. Continuity of Loan Servicing.\n\n 27.1 UFS-1 hereby agrees that it will ensure that all Education Loans\nacquired, held, or sold by UFS-1 under the Act and subject to this Agreement\nwill remain with the Servicer for the full term of this Agreement.\n\n 27.2 In the event UFS-1 desires to sell any of its Education Loans,\nUFS-1 will first attempt to sell the Education Loans to an eligible lender\nmaintaining an agreement with Servicer, in order for the sale to cause no\ndisruption in service, or change in Servicer for the Borrower. Should UFS-1\ndecide to sell its Education Loans to an eligible lender or holder which does\nnot maintain an agreement with Servicer and does not plan to have the Education\nLoans serviced by Servicer, Union Bank is hereby granted the right to arrange\nfor the purchase of such Education Loans by an eligible lender or holder\nmaintaining an agreement with Servicer. Such purchase must be arranged within\nthirty (30) days following the notice by UFS-1 if its intent to sell such\nEducation Loans, which notice must include sufficient information with respect\nto the Education Loans to be sold. Union Bank has the right to arrange for the\nsale of such Education Loans, provided Union Bank is able to arrange for the\nsale of the Education Loans offering the same terms secured by UFS-1 in its\nefforts to sell such Education Loans, subject to the continuing servicing rights\ngranted to Servicer.\n\n 27.3 Sections 27.1 and 27.2 do not apply in the event of Union Bank's\nbreach or default hereunder, or with respect to a sale of the Education Loan to\na holder of other loans for the same borrower.\n \n 8\n<PAGE>\n\n 27.4 The intent of this Section 27 is to assure that every Education\nLoan will remain with Servicer for servicing for the life of the loan.\n\n 28. Removal Fee. Should UFS-1 remove any of its Education Loans from the\nServicer system prior to a scheduled termination or breach of this Agreement,\nUFS-1 agrees to pay to Union Bank a removal fee of Fifteen Dollars ($15.00) per\nloan transferred off the Servicer computer system, this removal fee shall be in\naddition to those charges described in Section 2.2 of this Agreement, and in\naddition to damages arising from a breach of Section 27 hereof.\n\n 29. Force Majeure. The foregoing provisions of this Agreement are\nsubject to the following limitation: If by reason of a force majeure Union Bank\nand/or Servicer is unable in whole or in part to carry out any agreement on its\npart herein contained, Union Bank and Servicer shall not be deemed in default\nduring the continuance of such inability. The term \"force majeure\" as used\nherein shall mean, without limitation, the following: acts of God, strikes,\nlockouts, or other industrial disturbances; acts of public enemies; order or\nrestraint of any kind of the government of the United States of America or of\nthe State of Colorado or City of Aurora or any of their departments, agencies or\nofficials, or any civil or military authority; insurrections; riots; landslides;\nearthquakes; fires; storms; droughts; floods; explosions; breakage or accident\nto machinery, equipment, transmission pipes or canals; or any other cause or\nevent not reasonably within the control of Union Bank and/or Servicer.\n\n 30. Hiring. UFS-1 agrees that during the term of this Agreement and any\nextensions or renewals thereof, and for one year thereafter, UFS-1 shall not\nsolicit for hire, or knowingly allow its employees to solicit for hire, any\nemployees of Union Bank and Servicer without the prior written consent of Union\nBank or Servicer, respectively.\n\n 31. Entire Agreement. This is the entire and exclusive statement of the\nagreement between the parties, which supersedes and merges all prior proposals,\nunderstandings and all other agreements oral and written, between the parties\nrelating to this Agreement.\n\n 32. Trustee as Third Party Beneficiary. This Agreement has been made and\nentered into not only for the benefit of Union Bank and UFS-1 but also for the\nbenefit of the Trustee in connection with the financing of Eligible Loans, and\nupon assignment by UFS-1 to the Trustee, its provisions may be enforced not only\nby the parties to this Agreement but by the Trustee. The foregoing creates a\npermissive right on behalf of the Trustee and the Trustee shall be under no\nduties or obligations hereunder.\n 9\n<PAGE>\n\n This Agreement shall inure to the benefit of the Trustee and its\nsuccessors and assigns. Without limiting the generality of the foregoing, all\nrepresentations, covenants and agreements in this Agreement which expressly\nconfer rights upon the Trustee shall be for the benefit of and run directly to,\nthe Trustee, and the Trustee shall be entitled to rely on and enforce such\nrepresentations, covenants and agreements to the same extent as if it were a\nparty hereto. The foregoing creates a permissive right on behalf of the Trustee,\nand the Trustee shall be under no duties or obligations hereunder.\n\n If there is an Event of Default under the Indenture and the Trustee\nforecloses on its security interest on the Education Loans, then the Trustee\nshall assume all duties and obligations of UFS-1 hereunder, in accordance with\nand subject to the Acknowledgment and Agreement re: Servicing Agreement among\nthe parties hereto dated of even date herewith.\n\n\n [REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]\n\n\n\n\n\n\n 10\n<PAGE>\n\n\n IN WITNESS WHEREFORE, the parties hereto have executed this Agreement as\nof the date first written above.\n\nUNION BANK AND TRUST COMPANY UNION FINANCIAL SERVICES, INC.-1\n\n\nBy:/s/ Ross Wilcox By:/s/ Stephen F. Butterfield \n- ----------------------- ------------------------------\nName: Ross Wilcox Name: Stephen F. Butterfield\n- ----------------------- ------------------------------\n (Please print) (Please print)\n\nTitle: CEO Title: President\n- ----------------------- ------------------------------\n\n\n 11\n<PAGE>\n\n\n SCHEDULE \"A\"\n\nA. Loan Origination Fee (Where Applicable).\n\n Six Dollars ($6.00) per loan for Stafford, SLS and PLUS loan. Fifty-five\n Dollars ($55.00) per loan for Consolidated loans (if applicable). In\n addition, reimbursement for costs in the event a credit evaluation of\n the borrower is to be performed by Union Bank.\n\nB. Conversion Fee.\n\n Five Dollars ($5.00) per account acquired by UFS and added to the Union\n Bank Servicing System during the period of time the borrower is in\n school. For periods of time other than when the borrower is in school,\n the feel will be Ten Dollars ($10.00) per account. There shall be no\n charge for loans already on the UNIPAC full servicing system.\n\n Notwithstanding the foregoing, should any portfolio present an\n \"Extraordinary Conversion\", requiring additional conversion services\n materially beyond that customarily provided for a normal acquisition of\n Education Loans, then UFS agrees to pay a conversion fee mutually agreed\n to between UFS and Union Bank.\n\n For purposes of this Agreement, whether a portfolio presents an\n Extraordinary Conversion shall be determined after the data analysis,a\n nd file review, have been conducted of the portfolio by Union Bank.\n Factors to consider in determining whether a portfolio presents an\n Extraordinary Conversion are as follows:\n\n 1. Unprocessed data.\n\n 2. Degree to which the conversion may be automated versus manual.\n\n 3. Integrity of the documentation. Are the files complete? Does the data\n match the file content?\n\n 4. UFS adherence to its obligations and delivery schedules.\n\n 5. Presence of backlogged processing in the portfolio.\n\n 6. Whether prior servicing had substantial noncompliance with the\n Education Act and Regulations.\n\n 7. Condition of the hard copy file documentation.\n\n\n 12\n<PAGE>\n\n After consideration of the foregoing factors, UFS and Union Bank agree\n to come to mutual agreement at the beginning and once again at the end\n of the conversion of a particular portfolio as to whether they need to\n negotiate a mutually agreeable conversion fee.\n\nC. Internal Transfers. Transfers from one customer identification number to\n a different customer identification number will be One Dollar and Fifty\n Cents ($1.50) per account transferred.\n\nD. Monthly Servicing Fee - GSL (Stafford) Loans in School Status.\n\n .90% annualized\n\nE. Monthly Servicing Fee - GSL (Stafford, PLUS, SLS) Loans in Other Than \n School Status.\n\n 1.25% annualized\n\nF. Consolidated Loans.\n\n 0.60% annualized\n\nG. Billing for Servicing Fees.\n\n The full monthly servicing fee shall be paid commencing with the\n calendar month an account is disbursed on or converted to the Union Bank\n system.\n\nH. Additional Servicing Activity.\n\n Thirty-five Dollars ($35.00) per Education Loan referred for such cure\n services, plus ten percent (10%) of all sums made eligible for\n reinstatement of guarantee (including principal, interest and special\n allowance) as a result of successful performance of the Cure Procedures\n required by Guarantor. (This fee shall not apply to loans that have lost\n their guarantee due to an error or omission of Union Bank.)\n\nI. Minimum Monthly Fee.\n\n There will be a minimum monthly fee of Seven Hundred and Fifty Dollars\n ($750.00) per month.\n\nJ. Removal Fee. Loans transferred off the Union Bank Servicing System\n prior to termination of this Agreement will be assessed a fee of Fifteen\n Dollars ($15.00) per account.\n\nK. Deconversion Fee. Loans transferred off the Union Bank Servicing System\n on or after termination of this Agreement will be assessed a fee of\n Twelve Dollars ($12.00) per account.\n\nL. Reconciliation of Guarantee Billing.\n\n Eighty cents ($.80) per account for the first disbursement.\n \n 13\n<PAGE>\n\nM. PLUS (or Other Loan) Loan Credit Checks. Fees for obtaining a credit\n bureau report and evaluation will be Two Dollars and Fifty Cents ($2.50)\n per loan application. An additional fee of Fifty Cents ($.50) will be\n charged for those applications in which written authorization must first\n be obtained prior to pulling a credit bureau report.\n\nN. Other Services\n\n For services requested by UFS that are beyond the scope of those\n described in this Agreement, the fees shall be assessed as follow:\n\n (1) Supplies Cost Plus 15%\n (2) Training $40.00 per hour\n (3) Programming $70.00 per hour\n (4) Consulting $80.00 per hour\n\n Projects and services of this type shall be provided only after request\n by UFS and after time and total cost estimate is provided by Union Bank.\n\nO. Legal Opinions\n\n Cost plus five percent (5%).\n\n 14\n</TEXT>\n</DOCUMENT>"}}},{"rowIdx":87,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1166691/0001193125-16-558907-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1166691/0001193125-16-558907.txt"},"cik":{"kind":"string","value":"1166691"},"name":{"kind":"string","value":"COMCAST CORP"},"type":{"kind":"string","value":"10-Q"},"filing_date":{"kind":"string","value":"2016-04-27"},"report_date":{"kind":"string","value":"2016-03-31"},"seq":{"kind":"string","value":"2"},"desc":{"kind":"string","value":"EX-10.1"},"doc_type":{"kind":"string","value":"EX-10.1"},"size":{"kind":"string","value":"41218"},"filename":{"kind":"string","value":"d156977dex101.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/902739/000119312516558907/d156977dex101.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/76414079f25e953dd08612ce30759a9d19616859.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2016-04-27\", \"Accepted\": \"2016-04-27 14:41:26\", \"Documents\": \"83\", \"Period of Report\": \"2016-03-31\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.1\n<SEQUENCE>2\n<FILENAME>d156977dex101.htm\n<DESCRIPTION>EX-10.1\n<TEXT>\n<HTML><HEAD>\n<TITLE>EX-10.1</TITLE>\n</HEAD>\n <BODY BGCOLOR=\"WHITE\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"right\"><B>Exhibit 10.1 </B></P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><B>FORM OF COMCAST CORPORATION </B></P>\n<P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><B>RESTRICTED STOCK UNIT AWARD </B></P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">This is a Restricted Stock Unit Award (the “Award”) dated\n[ ], 2016 from Comcast Corporation (the “Company”) to the Grantee. The vesting of Restricted Stock Units is conditioned\non the Grantee’s continuation in service from the Date of Grant through each applicable Vesting Date, and on the Company’s attainment of certain performance objectives, as further provided in this Award. The delivery of Shares under this\nAward is intended to constitute performance-based compensation, within the meaning of section 162(m) of the Code, and Treasury Regulations issued under section 162(m) of the Code. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">1. <U>Definitions</U>. Capitalized terms used herein are defined below or, if not defined below, have the meanings given to them in the Plan.\n</P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(a) “<U>Account</U>” means an unfunded bookkeeping account established pursuant to Paragraph 6(d) and maintained by the\nCommittee in the name of Grantee (a) to which Deferred Stock Units are deemed credited and (b) to which an amount equal to the Fair Market Value of Deferred Stock Units with respect to which a Diversification Election has been made and\ninterest thereon are deemed credited, reduced by distributions in accordance with the Plan. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(b) “<U>Award</U>” means the award\nof Restricted Stock Units hereby granted. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(c) “<U>Board</U>” means the Board of Directors of the Company. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(d) “<U>Cause</U>” means (i) fraud; (ii) misappropriation; (iii) embezzlement; (iv) gross negligence in the\nperformance of duties; (v) self-dealing; (vi) dishonesty; (vii) misrepresentation; (viii) conviction of a crime of a felony; (ix) material violation of any Company policy; (x) material violation of the Company’s\nCode of Ethics and Business Conduct or, (xi) in the case of an employee of a Company who is a party to an employment agreement with a Company, material breach of such agreement; provided that as to items (ix), (x) and (xi), if capable of\nbeing cured, such event or condition remains uncured following 30 days written notice thereof. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(e) “<U>Code</U>” means the\nInternal Revenue Code of 1986, as amended. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(f) “<U>Committee</U>” means the Compensation Committee of the Board or its\ndelegate. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(g) “<U>Date of Grant</U>” means the date first set forth above, on which the Company awarded the Restricted Stock\nUnits. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(h) “<U>Deferred Stock Units</U>” means the number of hypothetical Shares subject to an Election. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(i) “<U>Disabled Grantee</U>” means: </P>\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(1) Grantee, if Grantee’s employment by a Participating Company terminates by reason of\nDisability; or </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(2) Grantee’s duly-appointed legal guardian following Grantee’s termination of employment by reason of\nDisability, acting on Grantee’s behalf. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(j) “<U>Employer</U>” means the Company or the subsidiary or affiliate of the\nCompany for which Grantee is performing services on the Vesting Date. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(k) “<U>Grantee</U>” means the individual to whom this\nAward has been granted as identified on the attached Long-Term Incentive Awards Summary Schedule. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(l) “<U>HSR Act</U>” means\nthe Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(m) “<U>Long-Term Incentive Awards Summary Schedule</U>”\nmeans the schedule attached hereto, which sets forth specific information relating to the grant and vesting of this Award. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(n)\n“<U>Normal Retirement</U>” means Grantee’s termination of employment that is treated by the Participating Company as a retirement under its employment policies and practices as in effect from time to time. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(o) “<U>Operating Cash Flow</U>.” </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(1) <U>In General</U>. In general, “Operating Cash Flow” means operating income before depreciation and amortization for the\nCompany and those of its affiliates that are included with the Company in its consolidated financial statements, as determined by the Committee. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(2) <U>Comparability of Operating Cash Flow Between Calendar Years</U>. With respect to any Performance Goal applicable to this Award, in the\nevent there is a significant acquisition or disposition of any assets, business division, company or other business operations of the Company that is reasonably expected to have an effect on Operating Cash Flow, the Committee shall adjust the\nOperating Cash Flow for the prior calendar year and the year to which the performance condition applies to take into account the impact of such acquisition or disposition on a pro forma basis such that the measurement of Operating Cash Flow for the\nyear to which the performance condition applies is comparable to that for the prior calendar year. Such adjustment shall be based upon the historical equivalent of Operating Cash Flow of the assets so acquired or disposed of for the prior calendar\nyear, as shown by such records as are available to the Company, as further adjusted to reflect any aspects of the transaction that should be taken into account to ensure comparability between amounts in the prior calendar year and the year to which\nthe performance condition applies. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(p) “<U>Performance Goal</U>” means Operating Cash Flow for a calendar year that equals or\nexceeds 101% of Operating Cash Flow for the immediately preceding calendar year. Accordingly: </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">-2- </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(1) The “<U>First Performance Goal</U>” will be satisfied if Operating Cash Flow for\n2016 equals or exceeds 101% of Operating Cash Flow for 2015; </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(2) The “<U>Second Performance Goal</U>” will be satisfied if\nOperating Cash Flow for 2017 equals or exceeds 101% of Operating Cash Flow for 2016; </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(3) The “<U>Third Performance Goal</U>”\nwill be satisfied if Operating Cash Flow for 2018 equals or exceeds 101% of Operating Cash Flow for 2017; </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(4) The “<U>Fourth\nPerformance Goal</U>” will be satisfied if Operating Cash Flow for 2019 equals or exceeds 101% of Operating Cash Flow for 2018; and </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(5) The “<U>Fifth Performance Goal</U>” will be satisfied if Operating Cash Flow for 2020 equals or exceeds 101% of Operating Cash\nFlow for 2019. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(q) “<U>Plan</U>” means the Comcast Corporation 2002 Restricted Stock Plan, incorporated herein by reference.\n</P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(r) “<U>Restricted Period</U>” means, with respect to each Restricted Stock Unit, the period beginning on the Date of Grant and\nending on the Vesting Date. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(s) “<U>Restricted Stock Units</U>” means the total number of restricted stock units granted to\nGrantee pursuant to this Award as set forth on the attached Long-Term Incentive Awards Summary Schedule. Each Restricted Stock Unit entitles Grantee, upon the Vesting Date of such Restricted Stock Unit, to receive one Share. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(t) “<U>Retired Grantee</U>” means Grantee, following Grantee’s termination of employment pursuant to a Normal Retirement. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(u) “<U>Rule 16b-3</U>” means Rule 16b-3 promulgated under the 1934 Act, as in effect from time to time. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(v) “<U>Shares</U>” mean shares of the Company’s Class A Common Stock, par value $.01 per share. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(w) “<U>Vesting Date</U>” means the date(s) on which Grantee vests in all or a portion of the Restricted Stock Units, as set forth\non the attached Long-Term Incentive Awards Summary Schedule. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(x) “<U>1934 Act</U>” means the Securities Exchange Act of 1934,\nas amended. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">2. <U>Grant of Restricted Stock Units</U>. Subject to the terms and conditions set forth herein and in the Plan, the Company\nhereby grants to Grantee the Restricted Stock Units. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">3. <U>Dividend Equivalents</U>. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">-3- </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(a) The Restricted Stock Units are granted with dividend equivalent rights. If the Company\ndeclares a cash dividend on the Shares, an amount equivalent to such dividend will be credited to an unfunded bookkeeping account with respect to each outstanding and unvested Restricted Stock Unit (the “<U>Dividend Equivalent Amount</U>”)\non the record date of such dividend. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(b) The Dividend Equivalent Amount will be credited as cash, without interest, and will not be\nconverted to Shares. The Dividend Equivalent Amount will be payable in cash, but only upon the applicable Vesting Date(s) of the underlying Restricted Stock Units as determined in accordance with Paragraph 4 below, and will be cancelled and\nforfeited if the underlying Restricted Stock Units are cancelled or forfeited as determined in accordance with Paragraph 5 below. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">4.\n<U>Vesting of Restricted Stock Units</U>. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(a) Subject to the terms and conditions set forth herein and in the Plan, Grantee shall vest in\nthe Restricted Stock Units on the Vesting Dates set forth on the attached Long-Term Incentive Awards Summary Schedule, and as of each Vesting Date shall be entitled to the delivery of Shares with respect to such Restricted Stock Units; provided,\nhowever, that (1) Grantee has timely satisfied the online grant acceptance conditions described in Paragraph 5(a)(1) and (2) on the Vesting Date, Grantee is, and has from the Date of Grant continuously been, an employee of the Company or a\nSubsidiary Company during the Restricted Period, provided further that the applicable Performance Goal as set forth on the attached Long-Term Incentive Awards Summary Schedule has been satisfied, and provided further that Grantee has complied with\nall applicable provisions of the HSR Act. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(b) Notwithstanding Paragraph 4(a) to the contrary, if Grantee’s employment with the\nCompany or a Subsidiary Company terminates during the Restricted Period due to (i) Grantee’s death or (ii) Grantee becoming a Disabled Grantee within the meaning of Paragraph 1(i)(1), the Vesting Date for the Restricted Stock\nUnits shall be accelerated so that a Vesting Date will be deemed to occur with respect to the Restricted Stock Units on the date of such termination of employment; provided, however, that Grantee has complied with all applicable provisions of the\nHSR Act. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(c) Notwithstanding Paragraphs 4(a) to the contrary, and subject to the non-solicitation or non-competition obligations\ndescribed in Paragraph 4(d), if Grantee’s employment with the Company or a Subsidiary Company terminates during the Restricted Period for any reason other than (i) Grantee’s death, (ii) Grantee becoming a Disabled Grantee within\nthe meaning of Paragraph 1(i)(1) or (iii) a Company-initiated termination for Cause, after having attained age 62 and completing ten (10) or more years of service with the Company or a Subsidiary Company, the following shall apply,\nprovided further that the applicable Performance Goal as set forth on the attached Long-Term Incentive Awards Summary Schedule has been satisfied, and provided further that Grantee has complied with all applicable provisions of the HSR Act: </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">-4- </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(1) If, at the time of such termination of employment, Grantee has completed at least ten\n(10) but less than fifteen (15) years of service with the Company or a Subsidiary Company, any Vesting Date for the Restricted Stock Units that would have occurred on or prior to the date that is the third (3<SUP\nSTYLE=\"font-size:85%; vertical-align:top\">rd</SUP>) anniversary of such termination of employment shall continue to occur in accordance with the Long-Term Incentive Awards Summary Schedule, and as of each Vesting Date Grantee shall be entitled\nto the delivery of Shares with respect to such Restricted Stock Units. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(2) If, at the time of such termination of employment, Grantee\nhas completed at least fifteen (15) but less than twenty (20) years of service with the Company or a Subsidiary Company, any Vesting Date for the Restricted Stock Units that would have occurred on or prior to the date that is the fourth (4<SUP\nSTYLE=\"font-size:85%; vertical-align:top\">th</SUP>) anniversary of such termination of employment shall continue to occur in accordance with the Long-Term Incentive Awards Summary Schedule, and as of each Vesting Date shall be entitled to the\ndelivery of Shares with respect to such Restricted Stock Units. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(3) If, at the time of such termination of employment, such Grantee has\ncompleted twenty (20) or more years of services with the Company or a Subsidiary Company, any Vesting Date for the Restricted Stock Units that would have occurred on or prior to the date that is the fifth (5<SUP\nSTYLE=\"font-size:85%; vertical-align:top\">th</SUP>) anniversary of such termination of employment shall continue to occur in accordance with the Long-Term Incentive Awards Summary Schedule, and as of each Vesting Date shall be entitled to the\ndelivery of Shares with respect to such Restricted Stock Units. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(d) Notwithstanding Paragraph 4(c), the Restricted Stock Units will be\nsubject to forfeiture by the Committee, in its sole discretion, if Grantee breaches either of the following non-solicitation or non-competition obligations during the period following termination of employment and before the applicable Vesting Date:\n</P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(1) Grantee shall not, directly or indirectly, solicit, induce, encourage or attempt to influence any customer, employee, consultant,\nindependent contractor, service provider or supplier of the Company to cease to do business or to terminate the employment or other relationship with the Company. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(2) Grantee shall not, directly or indirectly, engage or be financially interested in (as an agent, consultant, director, employee,\nindependent contractor, officer, owner, partner, principal or otherwise), any activities for any business (whether conducted by an entity or individuals, including Grantee in self-employment) that is engaged in competition, directly or indirectly\nthrough any entity controlling, controlled by or under common control with such business, with any of the business activities carried on by the Company, any of its subsidiaries or any other business unit of the Company, or being planned by the\nCompany, any of its subsidiaries or any other business unit of the Company with Grantee’s knowledge at the time of Grantee’s termination of employment. This restriction shall apply in any geographical area of the United States in which the\nCompany carries out business activities. Nothing herein shall prevent Grantee from owning for investment up to one percent (1%) of any class of equity security of an entity whose securities are traded on a national securities exchange or\nmarket. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">-5- </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(e) If Restricted Stock Units would have vested pursuant to the Long-Term Incentive Awards\nSummary Schedule or Paragraphs 4(b) or 4(c), but did not vest solely because Grantee was not in compliance with all applicable provisions of the HSR Act, the Vesting Date for such Restricted Stock Units shall occur on the first date following the\ndate on which they would have vested pursuant to the Long-Term Incentive Awards Summary Schedule or Paragraphs 4(b) or 4(c) on which Grantee has complied with all applicable provisions of the HSR Act. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">5. <U>Forfeiture of Restricted Stock Units</U>. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(a) Subject to the terms and conditions set forth herein and in the Plan: </P>\n<P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(1) if Grantee fails to accept the Employee Assignment of Inventions and Intellectual Property Rights Agreement in accordance with the online\ngrant acceptance procedures described in the Cover Memorandum to this Award on or before Friday, September 2, 2016 at 5:00 p.m. Eastern Daylight Time, the grant will lapse, all Restricted Stock Units granted under this Award will be forfeited\nand this Award shall be deemed canceled; or </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(2) if Grantee’s employment with the Company and all Subsidiaries terminates during the\nRestricted Period, other than due to death or Disability and except as otherwise provided in Paragraph 4(c), Grantee shall forfeit the Restricted Stock Units as of such termination of employment. Upon a forfeiture of the Restricted Stock Units as\nprovided in this Paragraph 5, the Restricted Stock Units shall be deemed canceled. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(b) The provisions of Paragraph 5(a)(2)\nshall not apply to Shares issued in respect of Restricted Stock Units as to which a Vesting Date has occurred. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">6. <U>Deferral\nElections</U>. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">Grantee may elect to defer the receipt of Shares issuable with respect to Restricted Stock Units, consistent, however,\nwith the following: </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(a) <U>Deferral Elections</U>. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(1) <U>Initial Election</U>. Grantee shall have the right to make an Initial Election to defer the receipt of all or a portion of the Shares\nissuable with respect to Restricted Stock Units hereby granted by filing an Initial Election to defer the receipt of such Shares on the form provided by the Committee for this purpose. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(2) <U>Deadline for Deferral Election</U>. An Initial Election to defer the receipt of Shares issuable with respect to Restricted Stock Units\nhereby granted shall not be effective unless it is filed with the Committee on or before June 30, 2016. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">-6- </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(3) <U>Deferral Period</U>. Subject to Paragraph 6(b), all Shares issuable with respect to\nRestricted Stock Units that are subject to an Initial Election under this Paragraph 6(a) shall be delivered to Grantee without any legend or restrictions (except those that may be imposed by the Committee, in its sole judgment, under\nParagraph 8), on the date designated by Grantee, which shall not be earlier than January 2 of the third calendar year beginning after the Vesting Date, nor later than January 2 of the eleventh calendar year beginning after the Vesting\nDate. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(4) <U>Effect of Failure of Vesting Date to Occur</U>. An Initial Election shall be null and void if a Vesting Date does not occur\nwith respect to Restricted Stock Units identified in such Initial Election. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(b) <U>Subsequent Elections</U>. No Subsequent Election shall\nbe effective until 12 months after the date on which a Subsequent Election is filed with the Committee. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(1) If Grantee makes an Initial\nElection, or pursuant to this Paragraph 6(b)(1) makes a Subsequent Election, to defer the distribution date for Shares issuable with respect to some or all of the Restricted Stock Units hereby granted, Grantee may elect to defer the\ndistribution date for a minimum of five years and a maximum of ten additional years from the previously-elected distribution date by filing a Subsequent Election with the Committee on or before the close of business at least one year before the date\non which the distribution would otherwise be made. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(2) If Grantee dies before Shares subject to an Initial Election under\nParagraph 6(a) are to be delivered, the estate or beneficiary to whom the right to delivery of such Shares shall have passed may make a Subsequent Election to defer receipt of all or any portion of such Shares for five additional years from the\ndate delivery of Shares would otherwise be made, provided that such Subsequent Election must be filed with the Committee at least one year before the date on which the distribution would otherwise be made, as reflected on Grantee’s last\nElection. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman\">(3) If Grantee becomes a Retired Grantee before Shares subject to an Initial Election under Paragraph 6(a) are to be\ndelivered, Grantee may make a Subsequent Election to defer all or any portion of such Shares for five additional years from the date delivery of Shares would otherwise be made. Such a Subsequent Election must be filed with the Committee at least one\nyear before the date on which the distribution would otherwise be made. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(c) <U>Diversification Election</U>. As provided in the Plan and\nas described in the prospectus for the Plan, a Grantee with an Account may be eligible to make a Diversification Election on an election form supplied by the Committee for this purpose. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(d) <U>Book Accounts</U>. An Account shall be established for each Grantee who makes an Initial Election. Deferred Stock Units shall be\ncredited to the Account as of the Date an Initial Election becomes effective. Each Deferred Stock Unit will represent a hypothetical Share credited to the Account in lieu of delivery of the Shares to which an Initial Election, Subsequent Election or\nAcceleration Election applies. If an eligible Grantee makes a Diversification Election, then to the extent an Account is deemed invested in the Income Fund, the Committee shall credit earnings with respect to such Account at the Applicable Interest\nRate. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">-7- </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(e) <U>Status of Deferred Amounts</U>. Grantee’s right to delivery of Shares subject to an\nInitial Election, Subsequent Election or Acceleration Election, or to amounts deemed invested in the Income Fund pursuant to a Diversification Election, shall at all times represent the general obligation of the Company. Grantee shall be a general\ncreditor of the Company with respect to this obligation, and shall not have a secured or preferred position with respect to such obligation. Nothing contained in the Plan or an Award shall be deemed to create an escrow, trust, custodial account or\nfiduciary relationship of any kind. Nothing contained in the Plan or an Award shall be construed to eliminate any priority or preferred position of Grantee in a bankruptcy matter with respect to claims for wages. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(f) <U>Non-Assignability, Etc.</U> The right of Grantee to receive Shares subject to an Election under this Paragraph 6, or to amounts\ndeemed invested in the Income Fund pursuant to a Diversification Election, shall not be subject in any manner to attachment or other legal process for the debts of Grantee; and no right to receive Shares or cash hereunder shall be subject to\nanticipation, alienation, sale, transfer, assignment or encumbrance. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">7. <U>Notices</U>. Any notice to the Company under this Agreement\nshall be made in care of the Committee at the Company’s main office in Philadelphia, Pennsylvania. All notices under this Agreement shall be deemed to have been given when hand-delivered or mailed, first class postage prepaid, and shall be\nirrevocable once given. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">8. <U>Securities Laws</U>. The Committee may from time to time impose any conditions on the Shares issuable with\nrespect to Restricted Stock Units as it deems necessary or advisable to ensure that the Plan satisfies the conditions of Rule 16b-3, and that Shares are issued and resold in compliance with the Securities Act of 1933, as amended. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">9. <U>Delivery of Shares; Repayment</U>. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(a) <U>Delivery of Shares</U>. Except as otherwise provided in Paragraph 6, the Company shall notify Grantee that a Vesting Date with\nrespect to Restricted Stock Units has occurred. Within ten (10) business days of a Vesting Date, the Company shall, without payment from Grantee, satisfy its obligations to (1) pay the Dividend Equivalent Amount (if any) and\n(2) deliver Shares issuable under the Plan either by (i) delivery of a physical certificate for Shares issuable under the Plan or (ii) arranging for the recording of Grantee’s ownership of Shares issuable under the Plan on a book\nentry recordkeeping system maintained on behalf of the Company, in either case without any legend or restrictions, except for such restrictions as may be imposed by the Committee, in its sole judgment, under Paragraph 8, provided that the\nDividend Equivalent Amount (if any) will not be paid and/or Shares will not be delivered to Grantee until appropriate arrangements have been made with the Employer for the withholding of any taxes which may be due with respect to such payment of the\nDividend Equivalent Amount and/or delivery of such Shares. The Company may condition delivery of certificates for Shares upon the prior receipt from Grantee of any undertakings which it may determine are required to assure that the certificates are\nbeing issued in compliance with federal and state securities laws. The </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">-8- </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\">\nright to payment of any fractional Shares shall be satisfied in cash, measured by the product of the fractional amount times the Fair Market Value of a Share on the Vesting Date, as determined by\nthe Committee. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(b) <U>Repayment</U>. If it is determined by the Board that gross negligence, intentional misconduct or fraud by Grantee\ncaused or partially caused the Company to have to restate all or a portion of its financial statements, the Board, in its sole discretion, may, to the extent permitted by law and to the extent it determines in its sole judgment that it is in the\nbest interests of the Company to do so, require repayment of Shares delivered pursuant to the vesting of the Restricted Stock Units, or to effect the cancellation of unvested Restricted Stock Units, if (i) the vesting of the Award was\ncalculated based upon, or contingent on, the achievement of financial or operating results that were the subject of or affected by the restatement, and (ii) the extent of vesting of the Award would have been less had the financial statements\nbeen correct. In addition, to the extent that the receipt of an Award subject to repayment under this Paragraph 9(b) has been deferred pursuant to Paragraph 6 (or any other plan, program or arrangement that permits the deferral of receipt\nof an Award), such Award (and any earnings credited with respect thereto) shall be forfeited in lieu of repayment. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">10.\n<U>Section 409A</U>. Notwithstanding the above, to the extent that any Restricted Stock Units are determined by the Company to be “nonqualified deferred compensation” under section 409A of the Code and its implementing regulations and\nguidance and Shares become deliverable with respect to such Restricted Stock Units as a result of the Grantee’s termination of employment, such Shares will only be delivered if such termination of employment constitutes a “separation from\nservice” within the meaning of Treas. Reg. 1.409A-1(h) and, to the extent compliance with the requirements of Treas. Reg. § 1.409A-3(i)(2) is necessary to avoid the application of an additional tax under Section 409A of the Code,\nShares that would otherwise become deliverable upon the Grantee’s “separation from service” will be deferred (without interest) and issued to the Grantee immediately following that six month period. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">11. <U>Award Not to Affect Employment</U>. The Award granted hereunder shall not confer upon Grantee any right to continue in the employment\nof the Company or any subsidiary or affiliate of the Company. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">12. <U>Miscellaneous</U>. </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(a) The Award granted hereunder is subject to the approval of the Plan by the shareholders of the Company to the extent that such approval\n(i) is required pursuant to the By-Laws of the National Association of Securities Dealers, Inc., and the schedules thereto, in connection with issuers whose securities are included in the NASDAQ National Market System, or (ii) is required\nto satisfy the conditions of Rule 16b-3. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(b) The address for Grantee to which notice, demands and other communications to be given or\ndelivered under or by reason of the provisions hereof shall be Grantee’s address as reflected in the Company’s personnel records. </P>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">-9- </P>\n\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman\">(c) The validity, performance, construction and effect of this Award shall be governed by the\nlaws of the Commonwealth of Pennsylvania, without giving effect to principles of conflicts of law. </P> <P STYLE=\"font-size:12pt;margin-top:0pt;margin-bottom:0pt\"> </P><DIV ALIGN=\"right\">\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n<TD WIDTH=\"23%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"76%\"></TD></TR>\n\n\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">COMCAST CORPORATION</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">BY:</P></TD>\n<TD VALIGN=\"bottom\" STYLE=\"BORDER-BOTTOM:1px solid #000000\"> </TD>\n<TD VALIGN=\"top\" STYLE=\"BORDER-BOTTOM:1px solid #000000\"> </TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\">ATTEST: </P></TD>\n<TD VALIGN=\"bottom\" STYLE=\"BORDER-BOTTOM:1px solid #000000\"> </TD>\n<TD VALIGN=\"top\" STYLE=\"BORDER-BOTTOM:1px solid #000000\"> </TD></TR>\n</TABLE></DIV>\n <p STYLE=\"margin-top:0pt;margin-bottom:0pt ; font-size:8pt\"> </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">-10- </P>\n\n</BODY></HTML>\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":88,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/889331/0001437749-17-007625-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/889331/0001437749-17-007625.txt"},"cik":{"kind":"string","value":"889331"},"name":{"kind":"string","value":"LITTELFUSE INC /DE"},"type":{"kind":"string","value":"8-K"},"filing_date":{"kind":"string","value":"2017-05-01"},"report_date":{"kind":"string","value":"2017-04-28"},"seq":{"kind":"string","value":"2"},"desc":{"kind":"string","value":"EXHIBIT 10.1"},"doc_type":{"kind":"string","value":"EX-10.1"},"size":{"kind":"string","value":"178050"},"filename":{"kind":"string","value":"ex10-1.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/889331/000143774917007625/ex10-1.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/5d73a43930f87a400845fc30f7bb3edd1ad3b3b9.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2017-05-01\", \"Accepted\": \"2017-05-01 16:30:49\", \"Documents\": \"4\", \"Period of Report\": \"2017-04-28\", \"Items\": \"Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.1\n<SEQUENCE>2\n<FILENAME>ex10-1.htm\n<DESCRIPTION>EXHIBIT 10.1\n<TEXT>\n<HTML><HEAD><TITLE>ex10-1.htm</TITLE>\n<!-- Created by RDG HTML Converter -->\n</HEAD>\n<BODY style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; MARGIN-LEFT: 10px; MARGIN-RIGHT: 10px\">\n<P id=PARA560 style=\"MARGIN-BOTTOM: 0px; TEXT-ALIGN: right; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>Exhibit 10.1</B></FONT></P>\n<P id=PARA561 style=\"MARGIN-BOTTOM: 0px; TEXT-ALIGN: left; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA1 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>AMENDED AND RESTATED</B></FONT></P>\n<P id=PARA2 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>LITTELFUSE, INC. LONG-TERM INCENTIVE PLAN</B></FONT></P>\n<P id=PARA3 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>(effective as of April 28, 2017)</B></FONT></P>\n<P id=PARA4 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA5 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 1.</B></FONT></P>\n<P id=PARA6 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>ESTABLISHMENT, OBJECTIVES AND DURATION</B></FONT></P>\n<P id=PARA7 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA8 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>1.1 ESTABLISHMENT</B>. Littelfuse, Inc. (the “Corporation”) has established the Littelfuse, Inc. Long-Term Incentive Plan (the “Plan”), as set forth herein. The Plan became effective upon the ratification by the holders of the majority of those shares present in person or by proxy at the Corporation’s 2010 annual meeting of its stockholders on April 30, 2010, with an effective date of February 3, 2010. The Plan was further amended on July 27, 2012. The Plan is hereby further amended and restated in the form provided herein, effective as of April 28, 2017, subject to approval by the Corporation’s stockholders. </FONT></P>\n<P id=PARA9 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA10 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">The Plan superceded and replaced (subject to the last sentence of Section 1.4) the Equity Incentive Compensation Plan, Littelfuse, Inc. Equity Incentive Compensation Plan, adopted effective March 1, 2006, and the Littelfuse, Inc. Outside Directors’ Equity Plan, adopted effective March 1, 2006 (the “Prior Plans”), except that the Prior Plans shall remain in effect with respect to awards granted under such Prior Plans until such awards have been exercised, forfeited, canceled, expired or otherwise terminated in accordance with the terms of such awards.</FONT></P>\n<P id=PARA11 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA12 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>1.2 PURPOSE.</B> The purpose of the Plan is to enhance stockholder value by linking long- term incentive compensation to the financial performance of the Corporation and to further align employees’ financial rewards with the financial rewards realized by the Corporation and its stockholders. The Plan is also a vehicle to attract and retain key personnel. To accomplish the foregoing, the Plan provides that the Corporation may grant Incentive Stock Options, Nonqualified Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares and/or Performance Units.</FONT></P>\n<P id=PARA13 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA14 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>1.3 DURATION.</B> The Plan shall remain in effect, subject to the right of the Corporation’s Board of Directors to amend or terminate the Plan at any time pursuant to Section 15, until all Shares subject to the Plan shall have been purchased or granted according to the Plan’s provisions.</FONT></P>\n<P id=PARA15 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA16 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>1.4 APPROVAL BY STOCKHOLDERS.</B> This amendment and restatement of the Plan has been adopted by the Board of Directors and approved by the stockholders of the Corporation at the April 28, 2017 annual meeting of stockholders. </FONT></P>\n<P id=PARA17 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA18 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 2. </B></FONT></P>\n<P id=PARA19 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>DEFINITIONS</B></FONT></P>\n<P id=PARA20 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA21 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">Whenever used in the Plan, the following capitalized terms shall have the meanings set forth below:</FONT></P>\n<P id=PARA22 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA23 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.1 “<B>AWARD</B>” means, individually or collectively, a grant under the Plan of Nonqualified Stock Options, Incentive Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares, or Performance Units.</FONT></P>\n<P id=PARA24 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA25 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.2 “<B>AWARD AGREEMENT</B>” means a written (or electronic) document setting forth the terms and provisions applicable to an Award granted to the Participant under the Plan which need not be executed unless required by the Committee, and is a condition to the grant of an Award hereunder.</FONT></P>\n<P style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"> </P>\n<P id=PARA26 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.3 “<B>BOARD</B>” means the Board of Directors of the Corporation.</FONT></P>\n<P id=PARA562.1 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> </FONT></P>\n<DIV id=PGBK562 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR562 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM562 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR562 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA562.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"></FONT> </P>\n<P id=PARA28 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.4 “<B>CHANGE IN CONTROL</B>” means the first of the following events to occur:</FONT></P>\n<P id=PARA29 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB31 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 18pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA32 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">a)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA33 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">The acquisition by any one person or more than one person acting as a group (within the meaning of Treasury Regulation Section 1.409A-3(i)(5)(v)(B)), other than the Corporation, any Subsidiary, or any employee benefit plan (or related trust) sponsored or maintained by the Corporation or any Subsidiary, (a “Person”) of any of stock of the Corporation that, together with stock held by such Person, constitutes more than 50% of the total fair market value or total voting power of the stock of the Corporation. For purposes of this Paragraph (a), the following acquisitions shall not constitute a Change in Control: (i) the acquisition of additional stock by a Person who is considered to own more than 50% of the total fair market value or total voting power of the stock of the Corporation, (ii) any acquisition in which the Corporation does not remain outstanding thereafter and (iii) any acquisition pursuant to a transaction which complies with Paragraph (c) below. An increase in the percentage of stock owned by any one Person as a result of a transaction in which the Corporation acquires its stock in exchange for property will be treated as an acquisition of stock for purposes of this Paragraph;</FONT></P></TD></TR></TABLE>\n<P id=PARA34 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB36 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 18pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA37 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">b)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA38 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">The replacement of individuals who constitute a majority of the Board, during any twelve (12) month period, by directors whose appointment or election is not endorsed by a majority of the Board before the date of the appointment or election, provided that, if the Corporation is not the relevant corporation for which no other corporation is a majority shareholder for purposes of Treasury Regulation Section 1.409A-3(i)(5)(iv)(A)(2), this Paragraph (b) shall be applied instead with respect to the members of the board of the directors of such relevant corporation for which no other corporation is a majority shareholder;</FONT></P></TD></TR></TABLE>\n<P id=PARA39 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB41 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 18pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA42 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">c)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA43 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">The acquisition by any one person or more than one person acting as a group (within the meaning of Treasury Regulation Section 1.409A-3(i)(5)(vi)(D)), other than the Corporation, a Subsidiary or any employee benefit plan (or related trust) sponsored or maintained by the Corporation or any Subsidiary , during the 12-month period ending on the date of the most recent acquisition by such by such person or persons, of ownership of stock of the Corporation possessing 30% or more of the total voting power of the stock of the Corporation. For purposes of this Paragraph (c), the following acquisitions shall not constitute a Change in Control: (i) the acquisition of additional control by a person or more than one person acting as a group who are considered to effectively control the Corporation within the meaning of Treasury Regulation Section 1.409A-3(i)(5)(vi) and (ii) any acquisition pursuant to a transaction which complies with Paragraph (a); or</FONT></P></TD></TR></TABLE>\n<P id=PARA44 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB46 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 18pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA47 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">d)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA48 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">The acquisition by any individual person or more than one person acting as a group (within the meaning of Treasury Regulation Section 1.409A-3(i)(5)(vii)(C)), other than a transfer to a related person within the meaning of Treasury Regulation Section 1.409A-3(i)(5)(vii)(B), during the 12-month period ending on the date of the most recent acquisition by such by such person or persons, of assets from the Corporation that have a total gross fair market value equal to or more than 40% of the total gross fair market value of all of the assets of the Corporation immediately prior to such acquisition(s). For purposes of this Paragraph (d), “gross fair market value” means the value of the assets of the Corporation, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets.</FONT></P></TD></TR></TABLE>\n<P id=PARA49 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA50 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">The above definition of “Change in Control” shall be interpreted by the Board, in good faith, to apply in a similar manner to transactions involving partnerships and partnership interests, and to comply with Code Section 409A.</FONT></P>\n<P id=PARA51 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA52 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.5 “<B>CODE</B>” means the Internal Revenue Code of 1986, and all regulations and formal guidance issued thereunder, as amended from time to time, or any successor legislation thereto.</FONT></P>\n<P id=PARA53 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA54 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.6 “<B>COMMITTEE</B>” means the Compensation Committee of the Board, or such other committee as shall be appointed by the Board as provided in Section 3 to administer the Plan, or in the absence of either, the Board.</FONT></P>\n<P id=PARA55.1 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> </FONT></P>\n<DIV id=PGBK55 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR55 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM55 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR55 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA55.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"></FONT> </P>\n<P id=PARA57 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.7 “<B>CORPORATION</B>” means Littelfuse, Inc., a Delaware corporation, and any successor to all or substantially all of the assets or voting stock of such entity as provided in Section 18.</FONT></P>\n<P id=PARA58 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA59 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.8 “<B>DIRECTOR</B>” means any individual who is a member of the Board.</FONT></P>\n<P id=PARA60 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA61 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.9 “<B>DISABILITY</B>” means, unless otherwise provided in the Award Agreement or in an employment, change of control or similar agreement in effect between the Participant and the Corporation or Subsidiary, the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months; or, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months under an accident and health plan covering employees of the Corporation or a Subsidiary.</FONT></P>\n<P id=PARA62 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA63 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.10 “<B>EFFECTIVE DATE</B>” means February 3, 2010.</FONT></P>\n<P id=PARA64 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA65 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.11 “<B>EMPLOYEE</B>” means any Employee of the Corporation or any Subsidiary.</FONT></P>\n<P id=PARA66 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA67 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.12 “<B>EXCHANGE ACT</B>” means the Securities Exchange Act of 1934, and all rules and formal guidance issued thereunder, as amended from time to time, or any successor act thereto.</FONT></P>\n<P id=PARA68 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA69 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.13 “<B>FAIR MARKET VALUE</B>” means, with respect to the relevant date, if the Shares are duly listed on a national securities exchange or on The Nasdaq Stock Market, the closing price of a Share on such date, or, if there are no sales on such date, on the next preceding day on which there were sales, or if the Shares are not so listed, the fair market value of the Shares for such date, as determined by the Committee in good faith and in compliance with Code Section 409A. Such price shall be subject to adjustment as provided in Section 4.3.</FONT></P>\n<P id=PARA70 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA71 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.14 “<B>INCENTIVE STOCK OPTION</B>” OR “<B>ISO</B>” means the right to purchase Shares pursuant terms and conditions that are intended to qualify as, and that satisfy the requirements applicable to, an incentive stock option within the meaning of Code Section 422, as described in Section 6.</FONT></P>\n<P id=PARA72 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA73 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.15 “<B>NAMED EXECUTIVE OFFICER</B>” means a Participant who is one of the group of covered employees as defined in the regulations promulgated under Code Section 162(m), or any successor provision or statute.</FONT></P>\n<P id=PARA74 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA75 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.16 “<B>NONQUALIFIED STOCK OPTION</B>” OR “<B>NQSO</B>” means the right to purchase Shares pursuant to terms and conditions that are not intended to be, or do not qualify as, an Incentive Stock Option as described in Section 6.</FONT></P>\n<P id=PARA76 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA77 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.17 “<B>OPTION</B>” means an Incentive Stock Option or a Nonqualified Stock Option, as described in Section 6.</FONT></P>\n<P id=PARA78 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA79 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.18 “<B>OPTION PRICE</B>” means the per Share purchase price of a Share purchased pursuant to an Option.</FONT></P>\n<P id=PARA80 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA81 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.19 “<B>PARTICIPANT</B>” means an Employee, prospective Employee, or Director who has outstanding an Award granted under the Plan, and includes those former Employees and former Directors who have certain post-termination rights under the terms of an Award.</FONT></P>\n<P id=PARA82 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA83 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.20 “<B>PERFORMANCE-BASED EXCEPTION</B>” means the exception for performance- based compensation from the tax deductibility limitations of Code Section 162(m).</FONT></P>\n<P id=PARA84 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA85 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.21 “<B>PERFORMANCE PERIOD</B>” means the time period during which performance goals must be achieved with respect to an Award, as determined by the Committee.</FONT></P>\n<P id=PARA86 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA87 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.22 “<B>PERFORMANCE SHARE</B>” means an Award granted to a Participant that entitles the Participant to delivery of Shares upon achievement of performance goals, as described in Section 9.</FONT></P>\n<P id=PARA563.1 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> </FONT></P>\n<DIV id=PGBK563 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR563 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM563 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR563 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA563.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"></FONT> </P>\n<P id=PARA89 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.23 “<B>PERFORMANCE UNIT</B>” means an Award that entitles the Participant to a cash payment upon achievement of performance goals, as described in Section 9.</FONT></P>\n<P id=PARA90 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA91 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.24 “<B>PERIOD OF RESTRICTION</B>” means the period during which the transfer of an Award or the Shares is limited in some way (based on the passage of time, the achievement of performance goals, or upon the occurrence of other events as determined by the Committee, at its discretion), and the Award or Shares are subject to a substantial risk of forfeiture, as provided in Sections 8 and 9.</FONT></P>\n<P id=PARA92 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA93 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.25 “<B>PLAN</B>” means the Littelfuse, Inc. Long-Term Incentive Plan, as set forth herein.</FONT></P>\n<P id=PARA94 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA95 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.26 “<B>RESTRICTED STOCK</B>” means an Award of Shares subject to a Period of Restriction granted to a Participant pursuant to Section 8.</FONT></P>\n<P id=PARA96 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA97 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.27 “<B>RESTRICTED STOCK UNIT</B>” OR “<B>RSUs</B>” shall mean a right to receive Shares or cash upon the lapse of the Period of Restriction pursuant to Section 8.</FONT></P>\n<P id=PARA98 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA99 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.28 “<B>SERVICE</B>” shall mean the performance of services for the Corporation (or any Subsidiary) within the meaning of Code Section 409A, except to the extent otherwise specifically provided in the Award Agreement.</FONT></P>\n<P id=PARA100 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA101 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.29 “<B>SHARE</B>” OR “<B>SHARES</B>” means Shares of common stock of the Corporation.</FONT></P>\n<P id=PARA102 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA103 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.30 “<B>STOCK APPRECIATION RIGHT</B>” OR “<B>SAR</B>” means a right, designated as an SAR, to receive the appreciation in the Fair Market Value of Shares pursuant to the terms of Section 7.</FONT></P>\n<P id=PARA104 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA105 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">2.31 “<B>SUBSIDIARY</B>” means any affiliate of the Corporation; provided, however, that with respect to any ISO “Subsidiary” means any Corporation during any period in which it is a “parent corporation” (as that term is defined in Code Section 424(e)) with respect to the corporation or a “subsidiary corporation” (as that term is defined in Code Section 424(f)) with respect to the Corporation.</FONT></P>\n<P id=PARA106 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA107 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 3.</B></FONT></P>\n<P id=PARA108 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>ADMINISTRATION</B></FONT></P>\n<P id=PARA109 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA110 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">3.1 <B>PLAN ADMINISTRATION.</B> The Committee shall administer the Plan. The Committee shall consist of not fewer than two Directors who are non-Employee Directors of the Corporation, within the meaning of Rule 16b-3 of the Exchange Act; “outside directors”, as defined in Code Section 162(m)(4)(c)(i); and “independent directors” for purposes of the rules of the exchange on which the Shares are traded; provided, however, that if at any time any member of the Committee is not an outside director, as so defined, the Committee may establish a subcommittee, consisting of all members who are outside directors, to carry out the duties of the Committee for all purposes relating to any Award to a Named Executive Officer, unless the Committee determines that such an Award is not intended to qualify for the Performance-Based Exception. The Board may, from time to time, remove members from, or add members to, the Committee. Any vacancies on the Committee shall be filled by members of the Board.</FONT></P>\n<P id=PARA111 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA112 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">Acts of a majority of the Committee at which a quorum is present, or acts reduced to or approved in writing by unanimous consent of the members of the Committee, shall be valid acts of the Committee.</FONT></P>\n<P id=PARA113 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA114 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">3.2 <B>AUTHORITY OF THE COMMITTEE</B>. Except as limited by law or by the Certificate of Incorporation or Bylaws of the Corporation, and subject to the provisions herein, the Committee shall have full power to select Employees, prospective Employees and Directors who shall participate in the Plan; determine the sizes and types of Awards; determine the terms and conditions of Awards in a manner consistent with the Plan; decide whether and to what extent Awards shall be structured to conform with Code Section 162(m) requirements for the Performance-Based Exception; construe and interpret the Plan and any agreement or instrument entered into under the Plan; establish, amend, or waive rules and regulations consistent with the terms of the Plan for the Plan’s administration; and amend the terms and conditions of any outstanding Award to the extent such terms and conditions are within the sole discretion of the Committee as provided in the Plan and subject to Section 15; provided that the Committee shall not have the authority to amend any Option or SAR to reduce its Option Price or base price except in accordance with Sections 4.3 and 4.4. Further, the Committee shall make all other determinations which may be necessary or advisable for the administration of the Plan, including establishing administrative methods for the exercise of Options and SARs. The Committee’s determinations, interpretations and actions under the Plan need not be uniform and may be made selectively among Employees, prospective Employees, Directors and their beneficiaries.</FONT></P>\n<P id=PARA564.1 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> </FONT></P>\n<DIV id=PGBK564 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR564 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM564 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR564 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA564.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"></FONT> </P>\n<P id=PARA116 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">3.3 <B>DECISIONS BINDING.</B> All determinations and decisions made by the Committee (or its delegate) pursuant to the provisions of the Plan and all related orders and resolutions of the Board shall be final, conclusive and binding on all persons, including the Corporation, its stockholders, Employees, Directors, Participants, and their estates and beneficiaries.</FONT></P>\n<P id=PARA117 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA118 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">3.4 <B>DELEGATION BY COMMITTEE</B>. Unless prohibited by applicable law or the applicable rules of a stock exchange, the Committee may delegate all or some of its responsibilities and powers to any one or more of its members. The Committee also may delegate some or all of it administrative duties and powers to any Employee, including officers of the Corporation. The Committee may delegate to an executive officer of the Corporation the authority to grant Awards under the Plan to Employees who are not officers of the Corporation or any Subsidiaries, provided that the terms and conditions of such Awards shall be set forth in an Award Agreement approved by the Committee prior to the grant of said Awards, the Committee in its delegation shall specify the maximum Shares that may be awarded to one Participant pursuant to such delegation in any calendar year, and the executive officer shall report any such grants to the Committee at its next meeting. In the case of any such delegation, references in this Plan to the “Committee” shall include any such delegate, as applicable. The Committee hereby delegates to each of the Corporation’s Corporate Secretary and General Counsel the authority to document any and all Awards made by the Committee and/or an authorized executive officer under the Plan. The Committee may revoke any such allocation or delegation at any time.</FONT></P>\n<P id=PARA119 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA120 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">3.5 <B>INFORMATION TO BE FURNISHED TO COMMITTEE</B>. The records of the Corporation and Subsidiaries as to an Employee’s, Director’s or Participant’s employment, termination of employment, performance of Services, termination of Services, leave of absence, reemployment and compensation shall be conclusive on all persons unless determined to be manifestly incorrect. Participants and other persons entitled to benefits under the Plan must, as a condition to the receipt or settlement of any Award hereunder, furnish the Committee with such evidence, data or information as the Committee reasonably considers desirable to carry out the terms of the Plan.</FONT></P>\n<P id=PARA121 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA122 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">3.6 <B>INDEMNIFICATION</B>. In addition to such other rights of indemnification that they have as members of the Board or the Committee, the Corporation shall indemnify the members of the Committee (and any delegates of the Committee, as permitted under Section 3.4, to the extent permitted by applicable law, against reasonable expenses (including, without limitation, attorney’s fees) actually and necessarily incurred in connection with the defense of any action, suit or proceeding, or in connection with any appeal, to which they or any of them may be a party by reason of any action taken or failure to act under or in connection with the Plan or any Award awarded hereunder, and against all amounts paid by them in settlement thereof (provided such settlement is approved to the extent required by and in the manner provided by the Articles of Incorporation or the Bylaws of the Corporation relating to indemnification of the members of the Board) or paid by them in satisfaction of a judgment in any such action, suit or proceeding, except in relation to such matters as to which it is adjudged in such action, suit or proceeding that such Committee member or members (or their delegates) did not act in good faith and in a manner reasonably believed to be in or not opposed to the best interests of the Corporation.</FONT></P>\n<P id=PARA123 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"></FONT> </P>\n<DIV id=PGBK124 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR124 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM124 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR124 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA124.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B></B></FONT> </P>\n<P id=PARA126 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 4.</B></FONT></P>\n<P id=PARA127 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SHARES SUBJECT TO THE PLAN AND MAXIMUM AWARDS</B></FONT></P>\n<P id=PARA128 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA129 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">4.1 <B>SHARES AVAILABLE FOR AWARDS.</B></FONT></P>\n<P id=PARA130 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B> </B></FONT></P>\n<TABLE id=MTAB132 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA133 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">a)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA134 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">The Shares available for Awards may be either authorized and unissued Shares or Shares held in or acquired for the treasury of the Corporation. The aggregate number of Shares that may be issued or used for reference purposes under the Plan or with respect to which Awards may be granted shall not exceed 2,250,000 Shares, all of which may be issued pursuant to Incentive Stock Options and are subject to adjustment as provided in Section 4.3. The number of Shares reserved for issuance under this Plan, as set forth above, shall be increased by reserved but unissued shares under the Prior Plans, and no additional awards shall be granted under the Prior Plans. In no event shall fractional Shares be issued under the Plan.</FONT></P></TD></TR></TABLE>\n<P id=PARA135 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB137 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA138 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">b)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA139 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">Upon:</FONT></P></TD></TR></TABLE>\n<P id=PARA140 style=\"TEXT-ALIGN: left; MARGIN: 0pt 5.9pt 0pt 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB142 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 72pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA143 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 5.9pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(i)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA144 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 5.9pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">a payout of a SAR, RSU, or Performance Unit Award under this Plan or comparable awards under either of the Prior Plans in the form of cash; or</FONT></P></TD></TR></TABLE>\n<P id=PARA145 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB147 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 72pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA148 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(ii)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA149 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">a cancellation, termination, expiration without exercise, forfeiture, or lapse for any reason, of any Award under this Plan or any award granted under either of the Prior Plans; the number of Shares underlying any such Award (or Prior Plan award) that were not issued as a result of any of the foregoing actions shall again be available for the purposes of Awards under the Plan. In addition, in the case of any Award granted in substitution for an award of a company or business acquired by the Corporation or a Subsidiary, Shares issued or issuable in connection with such substitute Award shall not be counted against the number of Shares reserved under the Plan, but shall be available under the Plan by virtue of the Corporation’s assumption of the plan or arrangement of the acquired company or business.</FONT></P></TD></TR></TABLE>\n<P id=PARA150 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA151 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">All Restricted Shares which vest, and all Shares issued in settlement of an Option, SAR, Restricted Stock Unit, or Performance Share Award, or withheld for payment of the Option Price or any tax imposed upon the exercise or settlement of the Award, shall reduce the total number of Shares available under the Plan and shall not again be available for the grant of any Award hereunder.</FONT></P>\n<P id=PARA152 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA153 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">Notwithstanding the foregoing, when a stock-settled SAR is exercised under the Plan or either of the Prior Plans, the total number of Shares subject to the SAR shall not be available for subsequent issuance under the Plan, regardless of the number of Shares used the settle the SAR.</FONT></P>\n<P id=PARA154 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA155 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">4.2 <B>INDIVIDUAL PARTICIPANT LIMITATIONS</B>. Unless and until the Committee determines that an Award to a Named Executive Officer shall not be designed to comply with the Performance-Based Exception, the following rules shall apply to grants of such Awards under the Plan:</FONT></P>\n<P id=PARA156 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B> </B></FONT></P>\n<TABLE id=MTAB158 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA159 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(a)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA160 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">Subject to adjustment as provided in Section 4.3, the maximum aggregate number of Shares (including Options, Restricted Stock, Restricted Stock Units and Performance Shares) that may be granted to a Named Executive Officer in any year shall be 200,000 Shares.</FONT></P></TD></TR></TABLE>\n<P id=PARA161 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB163 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA164 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(b)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA165 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">The maximum aggregate cash payout with respect to any Award to any Named Executive Officer in any year shall be $3,000,000.</FONT></P></TD></TR></TABLE>\n<P id=PARA166 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA167 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">Notwithstanding anything in the Plan to the contrary, the maximum number of shares of Stock subject to any Awards granted during any single calendar year to any non-employee member of the Board shall not exceed 50,000 Shares.</FONT></P>\n<P id=PARA565.1 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> </FONT></P>\n<DIV id=PGBK565 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR565 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM565 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR565 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA565.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"></FONT> </P>\n<P id=PARA169 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">4.3 <B>ADJUSTMENTS</B>. (a) <U>Recapitalization</U>. Notwithstanding any other provision of the Plan, if the Corporation is involved in a corporate transaction or any other event which affects the Shares (including, without limitation, any recapitalization, reclassification, reverse or forward stock split, stock dividend, extraordinary cash dividend, split-up, spin-off, combination or exchange of shares), then the Committee shall make or provide for such adjustments to Awards to prevent the dilution or enlargement of rights of the Awards as follows:</FONT></P>\n<P id=PARA170 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB172 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 72pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA173 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(i)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA174 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">The Committee shall take action to adjust the number and kind of Shares that are issuable under the Plan and the maximum limits for each type of Award;</FONT></P></TD></TR></TABLE>\n<P id=PARA175 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -18pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB177 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 72pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA178 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(ii)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA179 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">The Committee shall take action to adjust the number and kind of Shares subject to outstanding Awards;</FONT></P></TD></TR></TABLE>\n<P id=PARA180 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -18pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB182 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 72pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA183 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(iii)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA184 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">The Committee shall take action to adjust the Option Price or base price of outstanding Options and Stock Appreciation Rights; and</FONT></P></TD></TR></TABLE>\n<P id=PARA185 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -18pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB187 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 72pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA188 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(iv)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA189 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">The Committee shall make any other equitable adjustments.</FONT></P></TD></TR></TABLE>\n<P id=PARA190 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA191 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">Only whole Shares shall be issued in making the above adjustments. Further, the number of Shares available under the Plan or the number of Shares subject to any outstanding Awards shall be the next lower number of Shares, so that fractions are rounded downward. Any adjustment to or assumption of ISOs under this Section shall be made in accordance with Code Section 424. If the Corporation issues any rights to subscribe for additional Shares pro rata to holders of outstanding Shares of the class or classes of stock then set aside for the Plan, then each Participant shall be entitled to the same rights on the same basis as holders of outstanding Shares with respect to such portion of the Participant’s Award as is exercised on or prior to the record date for determining stockholders entitled to receive or exercise such rights.</FONT></P>\n<P id=PARA192 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB194 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA195 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(b)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA196 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><U>Reorganization</U>. If the Corporation is part of any reorganization involving merger, consolidation, acquisition of the Stock or acquisition of the assets of the Corporation, the Committee, in its discretion, may decide that:</FONT></P></TD></TR></TABLE>\n<P id=PARA197 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB199 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 72pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA200 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(i)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA201 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">any or all outstanding Awards shall pertain to and apply, with appropriate adjustment as determined by the Committee, to the securities of the resulting corporation to which a holder of the number of Shares subject to each such Award would have been entitled;</FONT></P></TD></TR></TABLE>\n<P id=PARA202 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -18pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB204 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 72pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA205 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(ii)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA206 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">any or all outstanding Options or SARs shall become immediately fully exercisable (to the extent permitted under federal or state securities laws) and shall remain exercisable for the remaining term of the Options or SARs under the terms of the Plan;</FONT></P></TD></TR></TABLE>\n<P id=PARA207 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -18pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB209 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 72pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA210 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(iii)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA211 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">any or all Options or SARs shall become immediately fully exercisable (to the extent permitted under federal or state securities laws) and shall be terminated after giving at least 30 days’ notice to the Participants to whom such Options or SARs have been granted; and/or</FONT></P></TD></TR></TABLE>\n<P id=PARA212 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -18pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB214 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 72pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA215 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(iv)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA216 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">any or all unvested Restricted Stock Units and Restricted Stock on which restrictions have not yet lapsed shall become immediately fully vested, nonforfeitable and payable.</FONT></P></TD></TR></TABLE>\n<P id=PARA217 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB219S1 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA220 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(c)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA221 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><U>Limits on Adjustments</U>. Any issuance by the Corporation of stock of any class other than the Stock, or securities convertible into shares of stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or price of Shares subject to any Award, except as specifically provided otherwise in this Plan. The grant of Awards under the Plan shall not affect in any way the right or authority of the Corporation to make adjustments, reclassifications, reorganizations or changes of its capital or business structure or to merge, consolidate or dissolve, or to liquidate, sell or transfer all or any part of its business or assets. All adjustments the Committee makes under this Plan shall be conclusive.</FONT></P></TD></TR></TABLE>\n<P id=PARA567.1 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> </FONT></P>\n<DIV id=PGBK567 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR567 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM567 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR567 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA567.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"> </P>\n<P id=PARA222 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">4.4 <B>PROHIBITION ON REPRICING</B>. Anything else contained herein to the contrary notwithstanding, except as provided in Section 4.3, the Committee shall not amend any Option or SAR to reduce its Option Price or base price, and shall not issue to any Participant a new Award in exchange for the surrender and cancellation of any other Award, if such new Award has an Option Price or base price (as applicable) lower than that of the Award for which it is exchanged, or take any other action that would have the effect of reducing the Option Price or base price of an Option or SAR.</FONT></P>\n<P id=PARA223 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA224 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 5.</B></FONT></P>\n<P id=PARA225 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>ELIGIBILITY AND PARTICIPATION</B></FONT></P>\n<P id=PARA226 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA227 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">5.1 <B>ELIGIBILITY</B>. Persons eligible to participate in the Plan include current and future U.S. and non-U.S. Employees (including officers), persons who have been offered employment by the Corporation or a Subsidiary (provided that such prospective Employee may not receive any payment or exercise any right relating to an Award until such person begins employment with the Corporation or Subsidiary), and Directors, as designated by the Committee; provided, however, that ISOs may only be granted to U.S. Employees.</FONT></P>\n<P id=PARA228 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA229 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">5.2 <B>PARTICIPATION.</B> Subject to the provisions of the Plan, the Committee, shall determine and designate, from time to time, the Employees, prospective Employees and Directors to whom Awards shall be granted, the terms of such Awards, and the number of Shares subject to such Award.</FONT></P>\n<P id=PARA230 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA231 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 6.</B></FONT></P>\n<P id=PARA232 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>STOCK OPTIONS</B></FONT></P>\n<P id=PARA233 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA234 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">6.1 <B>GRANT OF OPTIONS AND AWARD AGREEMENT.</B></FONT></P>\n<P id=PARA235 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB237 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA238 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(a)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA239 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><U>Option Grant</U>. Subject to the terms and provisions of the Plan, Options may be granted to one or more Participants in such number, upon such terms and provisions, and at any time and from time to time, as determined by the Committee, in its sole discretion. The Committee may grant either Nonqualified Stock Options or Incentive Stock Options, and shall have complete discretion in determining the number of Options of each granted to each Participant, subject to the limitations of Section 4.</FONT></P></TD></TR></TABLE>\n<P id=PARA240 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 63pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -27pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB242 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA243 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(b)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA244 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><U>Award Agreement</U>. Each Award shall be evidenced by an Award Agreement, effective as of the grant date, which shall specify the Option Price, the term of the Option, the number of Shares subject to the Option, and such other provisions as the Committee shall determine, and which are not inconsistent with the terms and provisions of the Plan. The Award Agreement shall also specify whether the Option is to be treated as an ISO within the meaning of Code Section 422. If such Option is not designated as an ISO, such Option shall be deemed an NSO. No ISO may be granted to any person more than 10 years after the Effective Date of the Plan.</FONT></P></TD></TR></TABLE>\n<P id=PARA245 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA246 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">6.2 <B>OPTION PRICE</B>. The Committee shall designate the Option Price for each Share subject to an Option under the Plan, provided that such Option Price shall not be less than 100% of the Fair Market Value of Shares subject to an Option on the date the Option is granted, and which Option Price may not be subsequently decreased by the Committee except pursuant to Section 4.3 and in compliance with Code Section 409A. With respect to a Participant who owns, directly or indirectly, more than 10% of the total combined voting power of all classes of the stock of the Corporation or any Subsidiary, the Option Price of Shares subject to an ISO shall be at least 110% of the Fair Market Value of such Shares on the ISO’s grant date.</FONT></P>\n<P id=PARA247 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA248 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">6.3 <B>TERM OF OPTIONS</B>. Each Option granted to a Participant shall expire at such time as the Committee shall determine at the time of grant, but in no event shall be exercisable later than the 10th anniversary of the grant date. Notwithstanding the foregoing, with respect to ISOs, in the case of a Participant who owns, directly or indirectly, more than 10% of the total combined voting power of all classes of the stock of the Corporation or any Subsidiary, no such ISO shall be exercisable later than the fifth anniversary of the grant date.</FONT></P>\n<P id=PARA568.1 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> </FONT></P>\n<DIV id=PGBK568 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR568 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM568 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR568 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA568.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"></FONT> </P>\n<P id=PARA250 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">6.4 <B>EXERCISE OF OPTIONS</B>. Options granted under this Section 6 shall be exercisable at such times and be subject to such restrictions and conditions as the Committee shall in each instance approve, which need not be the same for each Award or for each Participant, and shall be set forth in the applicable Award Agreement, subject to Section 11. Notwithstanding the preceding sentence, the Fair Market Value of Shares to which ISOs are exercisable for the first time by any Participant during any calendar year may not exceed $100,000. Any ISOs that become exercisable in excess of such amount shall be deemed NSOs to the extent of such excess. The Committee, in its sole discretion and at any time, may establish procedures setting a minimum number of Shares that must be exercised at any one time.</FONT></P>\n<P id=PARA251 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA252 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">6.5 <B>EXERCISE AND PAYMENT</B>. Options granted under this Section 6 shall be exercised by the delivery of a written (or electronic) notice of exercise to the Corporation, setting forth the number of Shares with respect to which the Option is to be exercised, accompanied by full payment for the Shares and all applicable tax withholding. The Option Price and applicable tax withholding upon exercise of any Option shall be payable to the Corporation in full either:</FONT></P>\n<P id=PARA253 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB255 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA256 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(a)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA257 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">in cash or its equivalent,</FONT></P></TD></TR></TABLE>\n<P id=PARA258 style=\"TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 63pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -27pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB260 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA261 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(b)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA262 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">by tendering previously acquired Shares (held for any minimum period needed to avoid adverse impacts to the Corporation’s earnings for financial reporting purpose), valued at their Fair Market Value at the time of exercise, with such documentation as the Committee may require, or</FONT></P></TD></TR></TABLE>\n<P id=PARA263 style=\"TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 63pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -27pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB265 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA266 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(c)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA267 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">a combination (i) and (ii).</FONT></P></TD></TR></TABLE>\n<P id=PARA268 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA269 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">In addition, payment of the Option Price and applicable tax withholding may be payable by one or more of the following methods either upon written consent from the Committee or if one or more of the following methods will not result in a charge to the Corporation’s earnings for financial reporting purposes:</FONT></P>\n<P id=PARA270 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB272 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA273 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(d)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA274 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">by withholding Shares that otherwise would be acquired on exercise (valued at their Fair Market Value at the time of exercise),</FONT></P></TD></TR></TABLE>\n<P id=PARA275 style=\"TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 63pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -27pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB277 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA278 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(e)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA279 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">by tendering other Awards payable under the Plan, or</FONT></P></TD></TR></TABLE>\n<P id=PARA280 style=\"TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 63pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -27pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB282 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA283 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(f)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA284 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">by cashless exercise through delivery of irrevocable instructions to a broker to promptly deliver to the Corporation the amount of proceeds from a sale of all or a portion of the Shares being exercised.</FONT></P></TD></TR></TABLE>\n<P id=PARA285 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA286 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">As soon as practicable after receipt of a written (or electronic) notification of exercise and full payment, the Corporation shall deliver, electronically or in paper form, the Shares to the Participant. No Participant shall have any rights of a shareholder with respect to Shares subject to an Option, including any right to receive dividends, to vote, or to participate in the equity of the Company, until such Option has been exercised and payment made in full as provided herein.</FONT></P>\n<P id=PARA287 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"></FONT> </P>\n<DIV id=PGBK288 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR288 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM288 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR288 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA288.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B></B></FONT> </P>\n<P id=PARA290 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 7.</B></FONT></P>\n<P id=PARA291 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>STOCK APPRECIATION RIGHTS</B></FONT></P>\n<P id=PARA292 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA293 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">7.1 <B>GRANT OF SARS AND AWARD AGREEMENT</B>.</FONT></P>\n<P id=PARA294 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB296 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA297 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(a)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA298 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">SAR Grant. Subject to the terms and conditions of the Plan, SARs may be granted to Participants and at any time and from time to time, as determined by the Committee, in its sole discretion. The Committee shall have complete discretion in determining the number of SARs granted to each Participant (subject to Section 4) and, consistent with the provisions of the Plan, in determining the terms and conditions pertaining to such SARs. The Committee shall designate, at the time of grant, the base price of the SAR, which base price shall be at least equal to the Fair Market Value of a Share on the grant date of the SAR. Base prices of SARs shall not subsequently be decreased by the Committee, except pursuant to Section 4.3. The Committee, in its sole discretion, may provide a maximum dollar limit on the total aggregate payment due under a SAR.</FONT></P></TD></TR></TABLE>\n<P id=PARA299 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 63pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -27pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB301 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA302 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(b)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA303 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">Award Agreement. Each Award shall be evidenced by an Award Agreement that shall specify the base price, the term of the SAR, and such other provisions as the Committee shall determine, and which are not inconsistent with the terms and provisions of the Plan.</FONT></P></TD></TR></TABLE>\n<P id=PARA304 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA305 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">7.2 <B>TERM OF SARS</B>. The term of a SAR granted under the Plan shall be determined by the Committee, in its sole discretion; provided, however, that unless otherwise designated by the Committee, such term shall not exceed ten years from the grant date.</FONT></P>\n<P id=PARA306 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA307 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">7.3 <B>EXERCISE OF SARS</B>. SARs shall be exercisable at such times and be subject to such restrictions and conditions as the Committee shall in each instance approve, which need not be the same for each Award or for each Participant, and shall be set forth in the applicable Award Agreement, subject to Section 11. The Committee, in its sole discretion and at any time, may establish procedures setting a minimum number of Shares with respect to which the SAR must be exercised at any one time.</FONT></P>\n<P id=PARA308 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA309 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">7.4 <B>EXERCISE AND PAYMENT</B>. SARs granted under this Section 7 shall be exercised by the delivery of a written (or electronic) notice of exercise to the Corporation, setting forth the number of Shares with respect to which the SAR is to be exercised, accompanied by full payment for all applicable tax withholding. The applicable tax withholding upon exercise of any SAR shall be payable to the Corporation in full in the same manner as set forth in Section 6.5 above. As soon as administratively practicable following exercise of a SAR, a Participant shall be entitled to receive payment from the Corporation in an amount determined by multiplying:</FONT></P>\n<P id=PARA310 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB312 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA313 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(a)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA314 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">The excess of the Fair Market Value of a Share on the date of exercise over the base price per Share; by</FONT></P></TD></TR></TABLE>\n<P id=PARA315 style=\"TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 63pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -27pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB317 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA318 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(b)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA319 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">The number of Shares with respect to which the SAR is exercised.</FONT></P></TD></TR></TABLE>\n<P id=PARA320 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA321 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">At the sole discretion of the Committee, exercisable at any time, the payment upon SAR exercise may be in cash, in Shares of equivalent value, or in some combination thereof.</FONT></P>\n<P id=PARA322 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"></FONT> </P>\n<DIV id=PGBK323 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR323 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM323 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR323 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA323.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B></B></FONT> </P>\n<P id=PARA325 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 8.</B></FONT></P>\n<P id=PARA326 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>RESTRICTED STOCK AND RESTRICTED STOCK UNITS</B></FONT></P>\n<P id=PARA327 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA328 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">8.1 <B>GRANT OF RESTRICTED STOCK OR RSUS AND AWARD AGREEMENT.</B></FONT></P>\n<P id=PARA329 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB331 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA332 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(a)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA333 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><U>Grant of Restricted Stock/Restricted Stock Units</U>. Subject to the terms and provisions of the Plan, the Committee, at any time and from time to time, may grant Shares of Restricted Stock or RSUs to Participants in such amounts as the Committee shall determine in its sole discretion. The Committee shall have complete discretion in determining the number of Shares underlying each Award (subject to Section 4) and, consistent with the provisions of the Plan, in determining the terms and conditions, including the Period of Restriction or vesting, pertaining to such Restricted Stock or RSU. The Committee may designate an RSU as payable in cash, Stock, or a combination thereof.</FONT></P></TD></TR></TABLE>\n<P id=PARA334 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 63pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -27pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB336 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA337 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(b)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA338 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><U>Award Agreement</U>. Each Award shall be evidenced by an Award Agreement that shall specify the Period of Restriction or vesting, the number of Shares granted, and such other provisions as the Committee shall determine pursuant to Section 8.3 or otherwise, and which shall not be inconsistent with the terms and provisions of the Plan.</FONT></P></TD></TR></TABLE>\n<P id=PARA339 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA340 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">8.2 <B>TRANSFERABILITY OF RESTRICTED STOCK</B>. Except as provided in this Section 8, the Shares of Restricted Stock granted herein may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, voluntarily or involuntarily, until the end of the applicable Period of Restriction established by the Committee (subject to Section 11) and specified in the Award Agreement, or upon earlier satisfaction of any other conditions, as specified by the Committee in its sole discretion (subject to Section 11) and set forth in the Award Agreement.</FONT></P>\n<P id=PARA341 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA342 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">8.3 <B>SETTLEMENT OF AWARD</B>. Except as otherwise provided in Section 18.7 or in any Award Agreement, and subject to any deferral elected pursuant to Section 13.2, the Corporation shall retain the certificates representing Shares of Restricted Stock in the Corporation’s possession, or may deposit or transfer such Shares electronically to a custodian designated by the Committee, until such time as all conditions and/or restrictions applicable to such Shares have been satisfied as soon as administratively practicable after the last day of the applicable Period of Restriction on a Restricted Stock Award or following vesting of an RSU Award, Shares covered by such Restricted Stock Award or, in the case of RSUs, cash, Shares, or a combination thereof, shall be delivered (in the case of Shares, electronically or in paper form) to the Participant.</FONT></P>\n<P id=PARA343 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA344 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">8.4 <B>SHAREHOLDER RIGHTS</B>. Unless otherwise designated by the Committee in the Award Agreement, the Participant shall have no shareholder rights with respect to the Shares subject to the Restricted Stock or RSU Award, including voting and cash dividend rights, until after the last day of the Period of Restriction on the Restricted Stock or vesting of the RSU and the Participant has received and become a holder of record of the Shares; provided, however, that in the event that any dividend constitutes a derivative security or an equity security pursuant to the rules under Section 16 of the Exchange Act, such dividend shall be added to the Restricted Stock Award and subject to a Period of Restriction equal to the remaining Period of Restriction applicable to the Shares of Restricted Stock with respect to which the dividend is paid. As a condition to receipt of Shares of Restricted Stock, the Participant shall execute any voting proxies or other similar documents requested by the Committee.</FONT></P>\n<P id=PARA345 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"></FONT> </P>\n<DIV id=PGBK346 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR346 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM346 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR346 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA346.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B></B></FONT> </P>\n<P id=PARA348 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 9.</B></FONT></P>\n<P id=PARA349 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>PERFORMANCE UNITS AND PERFORMANCE SHARES</B></FONT></P>\n<P id=PARA350 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA351 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">9.1 <B>GRANT OF PERFORMANCE UNITS/SHARES AND AWARD AGREEMENT</B>.</FONT></P>\n<P id=PARA352 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB354 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA355 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(a)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA356 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><U>Grant of Performance Unit/Shares</U>. Subject to the terms of the Plan, Performance Units and/or Performance Shares may be granted to Participants in such amounts and upon such terms, and at any time and from time to time, as shall be determined by the Committee in its sole discretion, which shall not be inconsistent with the terms and provisions of the Plan and shall be set forth in an Award Agreement.</FONT></P></TD></TR></TABLE>\n<P id=PARA357 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 63pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -27pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB359 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA360 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(b)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA361 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><U>Award Agreement</U>. Each Award shall be evidenced by an Award Agreement that shall specify the initial value of the Award, the performance goals and the Performance Period, as the Committee shall determine, and which are not inconsistent with the terms and provisions of the Plan.</FONT></P></TD></TR></TABLE>\n<P id=PARA362 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA363 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">9.2 <B>VALUE OF PERFORMANCE UNITS/SHARES</B>. Each Performance Share shall represent the Participant’s right to receive a Share (subject to Section 9.4), upon achievement of performance goals established by the Committee. Each Performance Unit shall represent the Participant’s right to receive a cash payment equal to the value of the Performance Unit (as determined by the Committee on the grant date, and subject to Section 9.4), upon achievement of the performance goals established by the Committee. The Committee shall set performance goals in its sole discretion which, depending on the extent to which they are met, will determine the number and/or value of Performance Shares and/or Performance Units that will be paid out to the Participant. For purposes of this Section 9, the time period during which the performance goals must be met shall be called a Performance Period (which shall not be less than one (1) year, except where such period is shortened due to a Change in Control or other corporate event).</FONT></P>\n<P id=PARA364 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA365 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">9.3 <B>EARNING OF PERFORMANCE UNITS/SHARES</B>. Subject to the terms of the Plan, after the applicable Performance Period has ended, the holder of Performance Units and/or Performance Shares shall be entitled to receive payment on his or her Performance Units and/or Performance Shares earned by the Participant over the Performance Period, based on the extent to which the corresponding performance goals have been achieved, as determined by the Committee.</FONT></P>\n<P id=PARA366 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA367 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">9.4 <B>FORM AND TIMING OF PAYMENT OF PERFORMANCE UNITS/SHARES</B>. Except as provided below, and subject to any deferral elected pursuant to Section 13.2, payment of earned Performance Units and/or Performance Shares shall be made in a single lump sum as soon as reasonably practicable following the close of the applicable Performance Period. Any Shares paid to a Participant may be subject to any restrictions deemed appropriate by the Committee.</FONT></P>\n<P id=PARA368 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA369 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">9.5 <B>SHAREHOLDER RIGHTS</B>. Unless otherwise designated by the Committee in the Award Agreement, the Participant shall have no shareholder rights with respect to the Shares subject to the Performance Share Award, including voting and cash dividend rights, until after the Award has vested and the Participant has received and become a holder of record of the Shares; provided, however, that in the event that any dividend constitutes a derivative security or an equity security pursuant to the rules under Section 16 of the Exchange Act, such dividend shall be added to the Award and subject to the same accrual, forfeiture, and payout restrictions as apply to the underlying Award with respect to which the dividend is paid.</FONT></P>\n<P id=PARA370 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"></FONT> </P>\n<DIV id=PGBK371 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR371 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM371 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR371 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA371.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B></B></FONT> </P>\n<P id=PARA373 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 10.</B></FONT></P>\n<P id=PARA374 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>PERFORMANCE MEASURES</B></FONT></P>\n<P id=PARA375 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA376 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">Unless and until the Committee proposes for stockholder vote and stockholders approve a change in the general performance measures set forth in this Section 10, the attainment of which may determine the degree of payout and/or vesting with respect to Awards to Named Executive Officers that are designed to qualify for the Performance-Based Exception, the performance goals to be used for purposes of such grants shall be established by the Committee in writing and stated in terms of the attainment of specified levels of or percentage changes in any one or more of the following measurements: revenue; primary or fully-diluted earnings per Share; earnings before interest, taxes, depreciation, and/or amortization; pretax income; operating income; cash flow from operations; total cash flow; return on equity; return on capital; return on assets; net operating profits after taxes; economic value added; capital expenditures; expense levels; stock price; debt levels; market share; total stockholder return or return on sales; or any individual performance objective which is measured solely in terms of quantitative targets related to the Corporation or the Corporation’s business; or any combination thereof. In addition, such performance goals may be based in whole or in part upon the performance of the Corporation, a Subsidiary, division and/or other operational unit under one or more of such measures.</FONT></P>\n<P id=PARA377 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA378 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">The degree of payout and/or vesting of such Awards designed to qualify for the Performance-Based Exception shall be determined based upon the written certification of the Committee as to the extent to which the performance goals and any other material terms and conditions precedent to such payment and/or vesting have been satisfied. The Committee shall have the sole discretion to adjust the determinations of the degree of attainment of the preestablished performance goals; provided, however, that the performance goals applicable to Awards which are designed to qualify for the Performance-Based Exception, and which are held by Named Executive Officers, may not be adjusted so as to increase the payment under the Award (the Committee shall retain the sole discretion to adjust such performance goals upward, or to otherwise reduce the amount of the payment and/or vesting of the Award relative to the preestablished performance goals).</FONT></P>\n<P id=PARA379 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA380 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">In the event that applicable tax and/or securities laws change to permit Committee sole discretion to alter the governing performance measures without obtaining stockholder approval of such changes, the Committee shall have sole discretion to make such changes without obtaining stockholder approval. In addition, in the event that the Committee determines that it is advisable to grant Awards which shall not qualify for the Performance-Based Exception, the Committee may make such grants without satisfying the requirements of the Performance-Based Exception or Code Section 162(m) and, thus, using performance measures other than those specified above.</FONT></P>\n<P id=PARA381 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"></FONT> </P>\n<DIV id=PGBK382 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR382 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM382 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR382 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA382.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B></B></FONT> </P>\n<P id=PARA384 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 11.</B></FONT></P>\n<P id=PARA385 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>VESTING AND FORFEITURES</B></FONT></P>\n<P id=PARA386 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA387 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">11.1 <B>VESTING.</B> As part of making any Award, the Committee may determine the time and conditions under which the Award will vest or the Period of Restriction will lapse; provided, however, that the minimum time-based vesting schedule for any Award shall be one (1) year from the grant date, subject to the ability of the Compensation Committee to apply a shorter period in limited cases, not to exceed five percent (5%) of outstanding Awards. Vesting or the lapse of the Period of Restriction may, in the Committee’s discretion, be based solely upon continued employment or Service for a specified period of time, or may be based upon the achievement of specific performance goals (Corporation-wide, Subsidiary-wide, divisional, and/or individual) which are established by the Committee in its discretion, subject to Section 10. For all purposes of this Plan, “vesting” of an Award shall mean:</FONT></P>\n<P id=PARA388 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB390 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA391 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(a)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA392 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">In the case of an Option or SAR, the time at which the Participant has the right to exercise the Award.</FONT></P></TD></TR></TABLE>\n<P id=PARA393 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 63pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -27pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB395 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA396 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(b)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA397 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">In the case of Restricted Stock, the end of the Period of Restriction.</FONT></P></TD></TR></TABLE>\n<P id=PARA398 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 63pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -27pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB400 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA401 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(c)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA402 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">In the case of Restricted Stock Units, the end of the Period of Restriction.</FONT></P></TD></TR></TABLE>\n<P id=PARA403 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 63pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -27pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB405 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA406 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(d)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA407 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">In the case of Performance Shares or Performance Units, the time at which the Participant has satisfied the requirements to receive payment on such Performance Shares or Performance Units, which shall not be less than one year from the grant date, except as otherwise provided in Section 11.2.</FONT></P></TD></TR></TABLE>\n<P id=PARA408 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA409 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">Vesting or lapse provisions need not be uniform among Awards granted at the same time or to persons similarly-situated. Vesting and lapse requirements shall be set forth in the applicable Award Agreement.</FONT></P>\n<P id=PARA410 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA411 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">11.2 <B>VESTING ON TERMINATION OF EMPLOYMENT</B>. Unless otherwise approved by the Committee either at the time of grant or at some later date in accordance with Code Sections 409A and 422, upon the termination of the Participant’s employment or Service with the Corporation and its Subsidiaries, all outstanding Awards shall be cancelled and no longer exercisable on the date of the termination. To the extent that the Committee approves extended vesting or exercise provisions, such provisions need not be uniform among all Awards issued pursuant to the Plan, and may reflect distinctions based on the reasons for such termination.</FONT></P>\n<P id=PARA412 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA413 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">11.3 <B>ACCELERATION OF VESTING</B>. The Committee may, in its sole discretion, accelerate the vesting or lapse of the Period of Restriction, in whole or in part, with respect to any Award, but no such acceleration shall be effective unless evidenced by a writing signed by a duly authorized officer of the Corporation. In addition, the Committee may impose additional conditions on Awards, by inclusion of appropriate provisions in the document evidencing or governing any such Award.</FONT></P>\n<P id=PARA414 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA415 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">11.4 <B>EXTENSION OF EXERCISE PERIOD</B>. The Committee may, in its sole discretion, subject to the terms of the Plan, exercisable either at the time an Award is granted or at any time while the Award remains outstanding, to extend the period of time for which the Option or SAR is to remain exercisable following the Participant's termination of Service from the limited exercise period otherwise in effect for that Option or SAR to such greater period of time as the Committee shall deem appropriate, but in no event beyond the expiration of the Option or SAR term, and/or to permit the Option or SAR to be exercised, during the applicable post-termination exercise period, not only with respect to the number of vested Shares for which such Option or SAR is exercisable at the time of the Participant's termination of Service but also with respect to one or more additional installments in which the Participant would have vested had the Participant continued in Service. Such an extension may result in recharacterization of an ISO as a NSO.</FONT></P>\n<P id=PARA416 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"></FONT> </P>\n<DIV id=PGBK417 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR417 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM417 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR417 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA417.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B></B></FONT> </P>\n<P id=PARA419 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 12.</B></FONT></P>\n<P id=PARA420 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>TRANSFERABILITY OF AWARDS; BENEFICIARY DESIGNATION</B></FONT></P>\n<P id=PARA421 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA422 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">12.1 <B>LIMITS ON TRANSFERABILITY OF AWARDS.</B></FONT></P>\n<P id=PARA423 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB425 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA426 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(a)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA427 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">Except as otherwise provided below, Awards may be exercisable only by the Participant during the Participant’s lifetime, and Awards shall not be transferable other than by will or the laws of descent and distribution. Any purported transfer of any Award or any interest therein that does not comply with the terms of this Plan shall be null and void and confer no rights of any kind upon the purported transferee.</FONT></P></TD></TR></TABLE>\n<P id=PARA428 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 63pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -27pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB430 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA431 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(b)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA432 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">The Committee may, in its discretion, permit a Participant to transfer any Award other than an ISO to any family member of such Participant, subject to such restrictions and limitations as the Committee may provide; provided, however, that any such Award shall remain subject to all vesting, forfeiture, and other restrictions provided herein and in the Award Agreement to the same extent as if it had not been transferred; and provided further that in no event shall any transfer for value be permitted. For purposes of this Section 12.1(b), the terms “family member” and “transfer for value” have the same meaning as in the General Instructions to SEC Form S-8, or such other form as the SEC may promulgate in replacement thereof.</FONT></P></TD></TR></TABLE>\n<P id=PARA433 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB435 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA436 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(c)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA437 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">To the maximum extent permitted by law, no Award shall be subject, in whole or in part, to attachment, execution or levy of any kind; provided, however, that nothing contained herein shall affect the right of setoff set forth in Section 14.3.</FONT></P></TD></TR></TABLE>\n<P id=PARA438 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 63pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -27pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB440 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA441 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(d)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA442 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">Nothing contained in this Section 12.1 shall preclude a Participant from transferring Restricted Shares that have vested, or Shares that are issued in settlement of an Option, SAR, RSU, or Award of Performance Shares or Performance Units, subject to the remaining provisions of this Plan and applicable law.</FONT></P></TD></TR></TABLE>\n<P id=PARA443 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA444 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">12.2 <B>DESIGNATION OF BENEFICIARY</B>. Each Participant under the Plan may, from time to time, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under the Plan is to be paid in case of his or her death before he or she receives any or all of such benefit. Each such designation shall revoke all prior designations by the same Participant, shall be in a form prescribed by the Corporation, and will be effective only when filed by the Participant in writing (or electronically, if permitted by the Committee) with the Secretary of the Corporation (or its designee) during the Participant’s lifetime. In the absence of any such designation, benefits remaining unpaid at the Participant’s death shall be paid to the Participant’s estate.</FONT></P>\n<P id=PARA445 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA446 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 13.</B></FONT></P>\n<P id=PARA447 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>DEFERRALS; COMPLIANCE WITH SECTION 409A</B></FONT></P>\n<P id=PARA448 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA449 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">13.1 <B>PROHIBITION ON DEFERRALS OF OPTIONS, SARS, AND RESTRICTED STOCK</B>. No Participant shall have the right to defer the amount of Shares or cash payable upon the exercise or settlement of any Option or SAR, or the transfer of any Restricted Stock upon the vesting thereof.</FONT></P>\n<P id=PARA569.1 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> </FONT></P>\n<DIV id=PGBK569 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR569 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM569 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR569 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA569.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"></FONT> </P>\n<P id=PARA451 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">13.2 <B>DEFERRALS OF RESTRICTED STOCK UNITS, PERFORMANCE UNITS AND PERFORMANCE SHARES</B>. The Committee may permit a Participant to defer such Participant’s receipt of the payment of cash or the delivery of Shares that would otherwise be due to such Participant upon the satisfaction of any requirements or goals with respect to Restricted Stock Units, Performance Units or Performance Shares. If any such deferral election is required or permitted, the Committee shall, in its sole discretion, establish rules and procedures for such payment deferrals, subject to the following:</FONT></P>\n<P id=PARA452 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB454 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA455 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(a)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA456 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">A deferral election may be made only at one of the following two times:</FONT></P></TD></TR></TABLE>\n<P id=PARA457 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB459 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 72pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA460 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(i)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA461 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">In the case of an Award that cannot vest (other than by reason of death, Disability, or a Change in Control) earlier than the first anniversary of the date of grant, not later than the earlier of thirty days after the date of grant or one year prior to the earliest date on which the Award may vest.</FONT></P></TD></TR></TABLE>\n<P id=PARA462 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB464 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 72pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA465 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(ii)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA466 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">In the case of an Award that is subject to a Performance Period of not less than one year, and the vesting of which is subject to the attainment of Performance Criteria that are established within the first 90 days of the Performance Period and that are not substantially certain of being achieved at the time of grant, not later than six months prior to the end of the Performance Period.</FONT></P></TD></TR></TABLE>\n<P id=PARA467 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB469 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA470 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(b)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA471 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">A deferral election shall state the time and manner of payment. Payment must either be on a specified date, at the time of the Participant’s separation from Service with the Corporation and its Subsidiaries as defined in Code Section 409A, death, or Disability, or upon the occurrence of a Change in Control. Notwithstanding the foregoing:</FONT></P></TD></TR></TABLE>\n<P id=PARA472 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB474 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 72pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA475 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(i)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA476 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">An amount payable by reason of a separation from Service to an Employee who is a “key employee” of the Corporation, as defined in Code Section 409A, shall not be paid until six months after the separation from service, and any portion of such amount that would otherwise be payable during such six month period shall be paid instead at the end of such period.</FONT></P></TD></TR></TABLE>\n<P id=PARA477 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB479 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 72pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA480 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(ii)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA481 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">Payment of any amount that the Corporation reasonably determines would not be deductible by reason of Code Section 162(m) shall be deferred until the earlier of the earliest date on which the Corporation reasonably determines that the deductibility of the payment will not be so limited, or the year following the termination of employment.</FONT></P></TD></TR></TABLE>\n<P id=PARA482 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB484 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 72pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA485 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(iii)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA486 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">Any payment that the Corporation reasonably determines will violate a term of a loan agreement to which the Corporation is a party, or other similar contract to which the Corporation is a party, and such violation will cause material harm to the Corporation shall be deferred until the earliest date at which the Corporation reasonably anticipates that the making of the payment will not cause such violation, or such violation will not cause material harm to the Corporation.</FONT></P></TD></TR></TABLE>\n<P id=PARA487 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB489 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 72pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA490 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(iv)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA491 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">Any payment that the Corporation reasonably anticipates that will violate Federal securities laws or other applicable law will be deferred until the earliest date at which the Corporation reasonably anticipates that the making of the payment will not cause such violation.</FONT></P></TD></TR></TABLE>\n<P id=PARA492 style=\"TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB494 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 72pt\"> </TD>\n<TD style=\"WIDTH: 18pt; VERTICAL-ALIGN: top\">\n<P id=PARA495 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(v)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA496 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">The Committee may permit Participants to elect to further defer payments, provided that any such election is made not less than one year prior to the date on which the payment would otherwise be made, and that the deferral is for a period of at least five years.</FONT></P></TD></TR></TABLE>\n<P id=PARA497 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<TABLE id=MTAB499 style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px\" cellSpacing=0 cellPadding=0 border=0>\n\n<TR>\n<TD style=\"WIDTH: 36pt\"> </TD>\n<TD style=\"WIDTH: 27pt; VERTICAL-ALIGN: top\">\n<P id=PARA500 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">(c)</FONT></P></TD>\n<TD style=\"VERTICAL-ALIGN: top\">\n<P id=PARA501 style=\"MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">No payment that a Participant has elected to defer pursuant to this Section 13.2 may be paid at any earlier date, except in accordance with procedures adopted by the Committee in compliance with Code Section 409A.</FONT></P></TD></TR></TABLE>\n<P id=PARA502 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA503 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">13.3 <B>COMPLIANCE WITH SECTION 409A</B>. The provisions of this Plan, including but not limited to this Section 13, are intended to comply with the restrictions of Code Section 409A, and, notwithstanding the Participant consent requirements of Section 15.1, the Committee reserves the right to amend any provision of this Plan, or any outstanding Award, to the extent necessary to comply with Section 409A.</FONT></P>\n<P id=PARA504 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"></FONT> </P>\n<DIV id=PGBK505 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR505 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM505 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR505 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA505.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B></B></FONT> </P>\n<P id=PARA507 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 14.</B></FONT></P>\n<P id=PARA508 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>RIGHTS AND OBLIGATIONS OF PARTIES</B></FONT></P>\n<P id=PARA509 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA510 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">14.1 <B>NO GUARANTEE OF EMPLOYMENT OR SERVICE RIGHTS</B>. Nothing in the Plan shall interfere with or limit in any way the right of the Corporation to terminate any Participant’s employment or service at any time, nor confer upon any Participant any right to continue in the employ or service of the Corporation or any Subsidiary.</FONT></P>\n<P id=PARA511 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA512 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">For purposes of the Plan, temporary absence from employment or Service because of illness, vacation, approved leaves of absence, and transfers of employment or Service among the Corporation and its Subsidiaries, shall not be considered to terminate employment or Service or to interrupt continuous employment or Service. Conversion of a Participant’s employment relationship to a Service arrangement, and vice versa, shall not result in termination of previously granted Awards.</FONT></P>\n<P id=PARA513 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA514 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">14.2 <B>PARTICIPATION</B>. No Employee or Director shall have the right to be selected to receive an Award under the Plan, or, having been so selected, to be selected to receive a future Award.</FONT></P>\n<P id=PARA515 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B> </B></FONT></P>\n<P id=PARA516 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">14.3 <B>RIGHT OF SETOFF</B>. The Corporation or any Subsidiary may, to the extent permitted by applicable law, deduct from and set off against any amounts the Corporation or Subsidiary may owe to the Participant from time to time, including amounts payable in connection with any Award, owed as wages, fringe benefits, or other compensation owed to the Participant, such amounts as may be owed by the Participant to the Corporation, although the Participant shall remain liable for any part of the Participant’s payment obligation not satisfied through such deduction and setoff. By accepting any Award granted hereunder, the Participant agrees to any deduction or setoff under this Section 14.</FONT></P>\n<P id=PARA517 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA518 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">14.4 <B>SECTION 83(B) ELECTION</B>. No election under Section 83(b) of the Code (to include in gross income in the year of transfer the amounts specified in Code Section 83(b)) or under a similar provision of the laws of a jurisdiction outside the U.S. may be made, unless expressly permitted by the terms of the Award Agreement or by action of the Committee in writing before the making of such election. In any case in which a Participant is permitted to make such an election in connection with an Award, the Participant shall notify the Corporation of such election within ten days of filing notice of the election with the Internal Revenue Service or other governmental authority, in addition to any filing and notification required pursuant to regulations issued under Code Section 83(b) or other applicable provision.</FONT></P>\n<P id=PARA519 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA520 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">14.5 <B>DISQUALIFYING DISPOSITION NOTIFICATION</B>. If any Participant shall make any disposition of Shares delivered pursuant to the exercise of an Incentive Stock Option under the circumstances described in Code Section 421(b) (relating to certain disqualifying dispositions), such Participant shall notify the Corporation of such disposition within ten days thereof.</FONT></P>\n<P id=PARA521 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA522 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 15.</B></FONT></P>\n<P id=PARA523 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>AMENDMENT, MODIFICATION, AND TERMINATION</B></FONT></P>\n<P id=PARA524 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA525 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">15.1 <B>AMENDMENT, MODIFICATION, AND TERMINATION</B>. The Board may amend, suspend or terminate the Plan or the Committee’s authority to grant Awards under the Plan without the consent of stockholders or Participants; provided, however, that any amendment to the Plan shall be submitted to the Corporation’s stockholders for approval not later than the earliest annual meeting for which the record date is after the date of such Board action if such stockholder approval is required by any federal or state law or regulation or the rules of any stock exchange or automated quotation system on which the Shares may then be listed or quoted and the Board may otherwise, in its sole discretion, determine to submit other amendments to the Plan to stockholders for approval; and provided further, that, without the consent of an affected Participant, no Board action, other than to the extent necessary to comply with applicable U.S. or foreign laws, may materially and adversely affect the rights of such Participant under any outstanding Award. The Committee shall have no authority to waive or modify any other Award term after the Award has been granted to the extent that the waived or modified term was mandatory under the Plan.</FONT></P>\n<P id=PARA526.1 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> </FONT></P>\n<DIV id=PGBK526 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR526 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM526 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR526 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA526.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"></FONT> </P>\n<P id=PARA528 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">15.2 <B>AWARDS PREVIOUSLY GRANTED</B>. No termination, amendment, or modification of the Plan, other than to the extent necessary to comply with applicable U.S. or foreign laws, shall adversely affect in any material way any Award previously granted under the Plan, without the written (or electronic) consent of the Participant holding such Award.</FONT></P>\n<P id=PARA529 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA530 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 16. </B></FONT></P>\n<P id=PARA531 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>WITHHOLDING</B></FONT></P>\n<P id=PARA532 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA533 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">Except where otherwise approved by the Committee with respect to an Award, the Corporation shall automatically withhold Shares that would otherwise be acquired on exercise or vesting of an Award (valued at their Fair Market Value as of such withholding date) equal to the maximum individual income tax rate for Federal, State and local taxes, domestic or foreign, permitted by law or regulation to be withheld in the applicable jurisdiction with respect to any taxable event arising as a result of the Plan. Only whole Shares shall be withheld (rounded down so as not to exceed such limit). Any remaining amount determined by the Corporation to be due shall be withheld from other compensation due to the Participant by the Corporation or by the Participant remitting payment to the Corporation of such amount. Notwithstanding the above, in the case of Options or SARs, such tax withholding shall be accomplished based on the Participant's election as set forth in Section 6.5 and 7.4.</FONT></P>\n<P id=PARA534 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA535 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 17.</B></FONT></P>\n<P id=PARA536 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SUCCESSORS</B></FONT></P>\n<P id=PARA537 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA538 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">All obligations of the Corporation under the Plan with respect to Awards granted hereunder shall be binding on any successor to the Corporation, whether the existence of such successor is the result of a direct or indirect merger, consolidation, purchase of all or substantially all of the business and/or assets of the Corporation or otherwise.</FONT></P>\n<P id=PARA539 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA540 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>SECTION 18.</B></FONT></P>\n<P id=PARA541 style=\"TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"><B>MISCELLANEOUS</B></FONT></P>\n<P id=PARA542 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA543 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">18.1 <B>UNFUNDED PLAN</B>. The Plan is intended to constitute an “unfunded” plan for incentive and deferred compensation. With respect to any payments not yet made to a Participant or the obligation to deliver Shares pursuant to an Award, nothing contained in the Plan or any Award shall give any such Participant any rights that are greater than those of a general creditor of the Corporation; provided that the Committee may authorize the creation of trusts and deposit therein cash, Shares, other Awards or other property, or make other arrangements to meet the Corporation’s obligations under the Plan. Such trusts or other arrangements shall be consistent with the “unfunded” status of the Plan unless the Committee otherwise determines with the consent of each affected Participant.</FONT></P>\n<P id=PARA544 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA545 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">18.2 <B>COMPLIANCE WITH CODE SECTION 162(M).</B> The Corporation intends that Awards designated as Awards to Named Executive Officers shall constitute qualified “performance-based compensation” within the meaning of Code Section 162(m), unless otherwise determined by the Committee at the time of allocation of an Award. Accordingly, the terms of Sections 4.2, 6, 7, 8.5, 8.6, 9 and 10, including the definitions of Named Executive Officer and other terms used therein, shall be interpreted in a manner consistent with Code Section 162(m). The foregoing notwithstanding, because the Committee cannot determine with certainty whether a given Participant will be a Named Executive Officer with respect to a fiscal year that has not yet been completed, the term Named Executive Officer as used herein shall mean only a person designated by the Committee as likely to be a Named Executive Officer with respect to a specified fiscal year. If any provision of the Plan or any Award Agreement relating to a Performance Award that is designated as intended to comply with Code Section 162(m) does not comply or is inconsistent with the requirements of Code Section 162(m), such provision shall be construed or deemed amended to the extent necessary to conform to such requirements, and no provision shall be deemed to confer upon the Committee or any other person sole discretion to increase the amount of compensation otherwise payable in connection with any such Award upon attainment of the applicable performance objectives.</FONT></P>\n<P id=PARA570.1 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman\"> </FONT></P>\n<DIV id=PGBK570 style=\"WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt\">\n<DIV id=PGFTR570 style=\"WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<DIV id=PGNUM570 style=\"FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center\"> </DIV>\n<HR style=\"HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000\" noShade>\n\n<DIV id=PGHDR570 style=\"WIDTH: 100%; TEXT-ALIGN: left\"> </DIV></DIV>\n<P id=PARA570.2 style=\"MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"></FONT> </P>\n<P id=PARA548 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">18.3 <B>AWARDS TO PARTICIPANTS OUTSIDE THE UNITED STATES</B>. The Committee may modify the terms of any Award under the Plan made to or held by a Participant who is then resident or primarily employed outside the U.S. in any manner deemed by the Committee to be necessary or appropriate in order that the Award shall conform to laws, regulations, and customs of the country in which the Participant is then resident or primarily employed, or so that the value and other benefits of the Award to the Participant, as affected by foreign tax laws and other restrictions applicable as a result of the Participant’s residence or employment abroad, shall be comparable to the value of such an Award to a Participant who is resident or primarily employed in the U.S.. Such authorization shall extend to and include establishing one or more separate sub-plans which include provisions not inconsistent with the Plan that comply with statutory or regulatory requirements imposed by the foreign country or countries in which the Participant resides. If determined advisable by the Committee, an Award may be modified under this Section in a manner that is inconsistent with the express terms of the Plan, so long as such modifications will not contravene any applicable law or result in actual liability under Section 16(b) of the Exchange Act for the Participant whose Award is modified.</FONT></P>\n<P id=PARA549 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA550 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">18.4 <B>GENDER AND NUMBER; HEADINGS.</B> Except where otherwise indicated by the context, any masculine term used herein also shall include the feminine; the plural shall include the singular and the singular shall include the plural. Headings are included for the convenience of reference only and shall not be used in the interpretation or construction of any such provision contained in the Plan.</FONT></P>\n<P id=PARA551 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA552 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">18.5 <B>SEVERABILITY.</B> In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included.</FONT></P>\n<P id=PARA553 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA554 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">18.6 <B>REQUIREMENTS OF LAW</B>. The granting of Awards and the issuance of Shares under the Plan shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. If at any time on or after the Effective Date, the Committee, in its discretion, shall determine that the requirements of any applicable federal or state securities laws should fail to be met, no Shares issuable under Awards and no Options or SARs shall be exercisable until the Committee has determined that these requirements have again been met. The Committee may suspend the right to exercise an Options or SAR at any time when it determines that allowing the exercise and issuance of Shares would violate any federal or state securities or other laws, and may provide that any time periods to exercise the Option or SAR are extended during a period of suspension. With respect to “Insiders,” transactions under this Plan are intended to comply with all applicable conditions of Rule 16b-3 under the Securities Exchange Act of 1934. To the extent any provision of the Plan or action by the Committee fails to so comply, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Committee. Each Award Agreement and each certificate representing securities granted pursuant to the Plan (including securities issuable pursuant to the terms of derivative securities) may bear such restrictive legend(s) as the Corporation deems necessary or advisable under applicable law, including Federal and state securities laws. If the date of the vesting or lapse of the Period of Restriction with respect to any Award, other than an Option or SAR, held by Participant who is subject to the Corporation’s policy regarding trading of its Stock by its officers and directors and Shares (the “original vesting date”) is not within a “window period” applicable to the Participant, as determined by the Corporation in accordance with such policy, then the vesting or lapse of the Period of Restriction with respect to such Award shall not occur on such original vesting date and shall instead occur on the first day of the next “window period” applicable to the Participant pursuant to such policy.</FONT></P>\n<P id=PARA555 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA556 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">18.7 <B>ADDITIONAL RESTRICTIONS ON TRANSFERS</B>. The Committee may impose such restrictions on any Shares acquired pursuant to an Award, including Restricted Shares, Performance Shares, or Shares received upon exercise of an Option or SAR or under an RSU, as it may deem advisable.</FONT></P>\n<P id=PARA557 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P>\n<P id=PARA558 style=\"TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\">18.8 <B>GOVERNING LAW</B>. To the extent not preempted by Federal law, the Plan, and all agreements hereunder, shall be construed in accordance with and governed by the laws of the State of Delaware.</FONT></P>\n<P id=PARA559 style=\"TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25\"><FONT style=\"FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif\"> </FONT></P></BODY></HTML>\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":89,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/740670/0000950134-04-013105-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/740670/0000950134-04-013105.txt"},"cik":{"kind":"string","value":"740670"},"name":{"kind":"string","value":"MICHAELS STORES INC"},"type":{"kind":"string","value":"10-Q"},"filing_date":{"kind":"string","value":"2004-09-01"},"report_date":{"kind":"string","value":"2004-07-31"},"seq":{"kind":"string","value":"2"},"desc":{"kind":"string","value":"AMENDED & RESTATED EMPLOYMENT AGREEMENT"},"doc_type":{"kind":"string","value":"EX-10.1"},"size":{"kind":"string","value":"30613"},"filename":{"kind":"string","value":"d18106exv10w1.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/740670/000095013404013105/d18106exv10w1.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/17aeddb1854e34c0f13a5d1cd3240b377dd1b333.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2004-09-01\", \"Accepted\": \"2004-09-01 17:23:54\", \"Documents\": \"5\", \"Period of Report\": \"2004-07-31\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.1\n<SEQUENCE>2\n<FILENAME>d18106exv10w1.htm\n<DESCRIPTION>AMENDED & RESTATED EMPLOYMENT AGREEMENT\n<TEXT>\n<HTML>\n<HEAD>\n<TITLE>exv10w1</TITLE>\n</HEAD>\n<BODY bgcolor=\"#FFFFFF\">\n<!-- PAGEBREAK -->\n<H5 align=\"left\" style=\"page-break-before:always\"> </H5><P>\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n\n<P align=\"right\" style=\"font-size: 10pt\"><B>EXHIBIT 10.1</B>\n\n\n\n<P align=\"center\" style=\"font-size: 10pt\"><B>AMENDED AND RESTATED<BR>\nEMPLOYMENT AGREEMENT</B>\n\n\n\n<P align=\"left\" style=\"font-size: 10pt\"> This Employment Agreement (the “Agreement”) is made as of July 7, 2004 by\nand between Michaels Stores, Inc., a Delaware corporation (the “Company”), and\nR. Michael Rouleau (“Executive”). This Agreement amends and completely\nrestates the Employment Agreement dated March 20, 2001, as amended on July 16,\n2002, between Executive and the Company.\n\n\n<P align=\"left\" style=\"font-size: 10pt\"> The parties hereto agree as follows:\n\n\n<P>\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"1%\" nowrap align=\"left\">1.</TD>\n <TD width=\"1%\"> </TD>\n <TD>Employment. The Company agrees to employ Executive and Executive accepts\nsuch employment for the period beginning as of the date hereof and ending\non January 31, 2008, subject to earlier termination pursuant to Paragraph\n1(d). After January 31, 2008, this Agreement will continue for successive\none-year terms unless the Company gives written notice to Executive\npursuant to Paragraph 4 of this Agreement at least 120 days prior to the\nexpiration of any term of this Agreement that the Agreement will not be\nrenewed. If a Change in Control of the Company (as hereinafter defined)\nshall have occurred during any term of this Agreement, this Agreement\nshall continue in effect until the term of the Agreement expires.</TD>\n</TR>\n\n</TABLE>\n\n<P>\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"2%\" style=\"background: transparent\"> </TD>\n <TD width=\"2%\" nowrap align=\"left\">(a)</TD>\n <TD width=\"1%\"> </TD>\n <TD>Salary, Bonus and Benefits. During the term of this\nAgreement, the Company will pay Executive a base salary (“Base\nSalary”) of $675,000 per annum, or such higher amount as the\nCompany’s Board of Directors or an appropriate committee thereof\nshall determine in its sole discretion. Base Salary will be paid in\nequal bi-weekly installments. On or about April 1 of each year\nduring the term of this Agreement, Executive shall be eligible to\nreceive a bonus based on the Company’s applicable bonus plan. If a\nChange in Control of the Company shall have occurred during any term\nof this Agreement, Executive shall be entitled, to the extent\npermitted by applicable law, to receive employee benefits under, and\nparticipate in for the remaining term of the Agreement, all employee\nbenefit plans to which Executive was entitled immediately prior to\nthe date of the Change in Control, including but not limited to any\napplicable pension plan, retirement plan, stock option plan,\nemployee stock ownership, 401(k) savings plan, disability insurance\nplan, life insurance plan, medical and dental insurance plans.</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"2%\" style=\"background: transparent\"> </TD>\n <TD width=\"2%\" nowrap align=\"left\">(b)</TD>\n <TD width=\"1%\"> </TD>\n <TD>Additional Benefits. In addition to the salary and any bonus\npayable to Executive pursuant to Paragraph 1(a), Executive will be\nentitled during the term of this Agreement to health insurance, life\ninsurance, disability insurance, five weeks of vacation annually, a\nCompany-paid automobile, and such other employment-related benefits\nthat the Company provides to its executive employees, as well as any\nperquisites the Board of Directors or an appropriate committee\nthereof may establish. The Company shall reimburse Executive, in\naccordance with its standard expense reporting and reimbursement\npolicies in effect from time to time, for all out-of-pocket expenses\nwhich Executive shall incur in connection with his services for the\nCompany.</TD>\n</TR>\n\n</TABLE>\n\n<P align=\"center\" style=\"font-size: 10pt\"> \n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\"> </H5><P>\n\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n<P>\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"2%\" style=\"background: transparent\"> </TD>\n <TD width=\"2%\" nowrap align=\"left\">(c)</TD>\n <TD width=\"1%\"> </TD>\n <TD>Services. During the term of this Agreement, Executive will\nserve as Chief Executive Officer of the Company and will perform\nsuch services of an executive and administrative nature for the\nCompany and its subsidiaries as the Company’s Board of Directors\nand/or the Company’s Chairman of the Board of Directors may from\ntime to time direct. It is the intention of the parties that,\nsubject to the directives of the Company’s Board of Directors and\nits Chairman, Executive’s principal responsibilities shall be to\ndirect the day to day management of the Company. Executive will\ndevote all of his business time and attention (except for vacation\nperiods and reasonable periods of illness or other incapacity) to\nthe business of the Company and its subsidiaries.</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"2%\" style=\"background: transparent\"> </TD>\n <TD width=\"2%\" nowrap align=\"left\">(d)</TD>\n <TD width=\"1%\"> </TD>\n <TD>Termination; Severance Pay. The term of this Agreement will\nterminate upon the first to occur of (i) January 31, 2008, (ii)\nExecutive’s death or permanent disability (as determined by the\nBoard of Directors in its good faith judgment) or (iii) the date on\nwhich the Company’s Board of Directors terminates Executive’s\nemployment for Cause (as defined below). In the event that the\nCompany shall terminate Executive’s employment prior to January 31,\n2008, otherwise than pursuant to clause (ii) or (iii) above, the\nCompany shall pay severance pay to Executive by continuing the Base\nSalary, as well as all additional benefits described in Paragraph\n1(b) and in effect at the time of such termination (other than\nmedical, dental and vision benefits, which will be provided only on\nthe terms set forth in Paragraph 1(e)), until January 31, 2008, and\nby paying Executive a prorated bonus for the fiscal year of the\nCompany in which such termination occurs, if Executive would have\nearned any bonus under the Company’s bonus plan for such fiscal\nyear. Such payments of Base Salary shall be made in bi-weekly\ninstallments, and such prorated bonus, if any, shall be paid when\nbonuses for such fiscal year are paid to Company employees in the\nordinary course of business. For purposes of this Agreement,\n“Cause” shall mean by determination of the Company’s Board of\nDirectors in its good faith judgment that Executive has: (1)\nknowingly committed gross misconduct in the performance of his\nduties, (2) knowingly committed gross negligence or gross\nnonfeasance in the performance of his duties, (3) committed an act\nof financial dishonesty against the Company or any of its\nsubsidiaries, parents or affiliates, or (4) committed any felony\ninvolving moral turpitude.</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"2%\" style=\"background: transparent\"> </TD>\n <TD width=\"2%\" nowrap align=\"left\"> </TD>\n <TD width=\"1%\"> </TD>\n <TD>In the event this Agreement is terminated at any time and for\nany reason, (i) Executive will have the option to purchase the\nCompany-paid automobile in his possession at the depreciated book\nvalue of said automobile; and (ii) Executive will automatically\nbecome the owner of his Company-paid whole life insurance policies.</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"2%\" style=\"background: transparent\"> </TD>\n <TD width=\"2%\" nowrap align=\"left\">(e)</TD>\n <TD width=\"1%\"> </TD>\n <TD>Medical Benefits after Termination of Employment. If, at or\nbefore the termination of this Agreement (including any extensions\nof the term of this Agreement), Executive retires from the Company\nor his employment is terminated by the Company without Cause or his\nemployment terminates by reason of permanent disability (within the\nmeaning of that term under Paragraph 1(d)), Executive and his\ncurrent spouse will continue to participate in</TD>\n</TR>\n\n</TABLE>\n\n<P align=\"center\" style=\"font-size: 10pt\">2\n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\"> </H5><P>\n\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n<P>\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"2%\" style=\"background: transparent\"> </TD>\n <TD width=\"2%\" nowrap align=\"left\"> </TD>\n <TD width=\"1%\"> </TD>\n <TD>the Michaels Stores, Inc. Medical, Dental and Vision Care Plan (the\n“Plan”) on the same basis as that available from time to time to\nsenior executive officers of the Company and their eligible\ndependents, except as otherwise provided in this Paragraph 1(e).\nPost-termination benefits provided to Executive under the Plan will\nbe coordinated with Medicare coverage as if Executive had applied\nfor and were receiving benefits under both Medicare Part A and\nMedicare Part B, with Medicare providing primary coverage and the\nPlan providing secondary or supplemental coverage. When\nExecutive’s spouse becomes eligible for Medicare, benefits provided\nto her under the Plan after Executive’s retirement or other\ntermination of employment will also be coordinated with Medicare\ncoverage as if she had applied for and were receiving benefits\nunder both Medicare Part A and Medicare Part B, with Medicare\nproviding primary coverage and the Plan providing secondary or\nsupplemental coverage. The Company will assist Executive and his\nspouse in filing claims and coordinating Plan benefits with\nMedicare. Post-termination benefits will be provided under the\nPlan to Executive until the earlier of his death or the date he\nbecomes entitled to medical benefits from another employer and will\nbe provided to Executive’s spouse until the earliest of her death,\nExecutive’s death, the date she becomes entitled to medical\nbenefits from another employer or the date she no longer qualifies\nas an eligible dependent under the Plan; provided, however, that if\nExecutive’s spouse is receiving post-termination benefits under the\nPlan at the time of Executive’s death but has not attained age 65,\nsuch post-termination benefits will continue to be provided to\nExecutive’s spouse until her 65th birthday. The Company will bear\nthe full cost of post-termination benefits provided to Executive\nand his spouse under the Plan (other than the cost of Medicare\npremiums). If the Plan is unable to provide Executive and his\nspouse with the post-termination coverage provided in this\nParagraph 1(e), the Company will purchase health insurance for\nExecutive and his spouse that provides, to the extent practicable,\nreasonably comparable benefits. Notwithstanding the foregoing\nprovisions, neither Executive nor his spouse will be entitled to\nthe benefits provided by this Paragraph 1(e) in the event the\nCompany terminates Executive’s employment for Cause.</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"2%\" style=\"background: transparent\"> </TD>\n <TD width=\"2%\" nowrap align=\"left\"> </TD>\n <TD width=\"1%\"> </TD>\n <TD>If, at or before the termination of this Agreement (including\nany extensions of the term of this Agreement), Executive’s\nemployment terminates by reason of his death, Executive’s current\nspouse will continue to participate in the Plan on the same basis\ndescribed in the preceding paragraph of this Paragraph 1(e) as if\nExecutive’s death had occurred after his retirement from the\nCompany.</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"2%\" style=\"background: transparent\"> </TD>\n <TD width=\"2%\" nowrap align=\"left\">(f)</TD>\n <TD width=\"1%\"> </TD>\n <TD>Stock Options. In the event this Agreement is terminated at\nany time and for any reason, each outstanding option to purchase\ncommon stock of the Company held by Executive at such termination\nwill become 100% vested and exercisable and (provided that\nExecutive’s employment has not been terminated for Cause) will\nexpire, notwithstanding the stated expiration date of such option,\none day prior to the fifth anniversary of such termination. In the\nevent of any conflict between the terms of this Paragraph 1(f) and\nthe terms contained in any</TD>\n</TR>\n\n</TABLE>\n\n<P align=\"center\" style=\"font-size: 10pt\">3\n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\"> </H5><P>\n\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n<P>\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"2%\" style=\"background: transparent\"> </TD>\n <TD width=\"2%\" nowrap align=\"left\"> </TD>\n <TD width=\"1%\"> </TD>\n <TD>document evidencing any such option, the terms of this Paragraph\n1(f) will control.</TD>\n</TR>\n\n</TABLE>\n\n<P>\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"1%\" nowrap align=\"left\">2.</TD>\n <TD width=\"1%\"> </TD>\n <TD>Confidential Information. Executive acknowledges that the trade secrets\nand similar proprietary information obtained by him during the course of\nhis employment with the Company (including his employment prior to the\ndate of this Agreement), concerning the business or affairs of the Company\nand its subsidiaries are the property of the Company. Therefore,\nExecutive agrees that, at no time during or after the term of this\nAgreement, will he disclose to any unauthorized person or use for his own\naccount any of such information or data without the written consent of the\nChairman of the Board of Directors, unless and to the extent that the\naforementioned matters become generally known to and available for use by\nthe public other than as a result of Executive’s acts or omissions to act.\nExecutive agrees to deliver to the Company at the termination of his\nemployment, or at any other time the Company may request, all memoranda,\nnotes, plans, records, reports and other documents (and copies thereof)\nrelating to the business of the Company and its subsidiaries which he may\nthen possess or have under his control.</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"1%\" nowrap align=\"left\">3.</TD>\n <TD width=\"1%\"> </TD>\n <TD>Change in Control. For purposes of this Agreement, the term “Change in\nControl” means the occurrence of any of the following events:</TD>\n</TR>\n\n</TABLE>\n\n<P>\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"2%\" style=\"background: transparent\"> </TD>\n <TD width=\"2%\" nowrap align=\"left\">(a)</TD>\n <TD width=\"1%\"> </TD>\n <TD>the Company is merged, consolidated or reorganized into or\nwith another corporation or other legal person, and as a result of\nsuch merger, consolidation or reorganization less than two-thirds of\nthe combined voting power of the then-outstanding securities\nentitled to vote generally in the election of directors (“Voting\nStock”) of such corporation or person immediately after such\ntransaction are held in the aggregate by the holders of Voting Stock\nof the Company immediately prior to such transaction;</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"2%\" style=\"background: transparent\"> </TD>\n <TD width=\"2%\" nowrap align=\"left\">(b)</TD>\n <TD width=\"1%\"> </TD>\n <TD>the Company sells or otherwise transfers all or substantially\nall of its assets to another corporation or other legal person, and\nas a result of such sale or transfer less than two-thirds of the\ncombined voting power of the then-outstanding Voting Stock of such\ncorporation or person immediately after such sale or transfer is\nheld in the aggregate by the holders of Voting Stock of the Company\nimmediately prior to such sale or transfer;</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"2%\" style=\"background: transparent\"> </TD>\n <TD width=\"2%\" nowrap align=\"left\">(c)</TD>\n <TD width=\"1%\"> </TD>\n <TD>there is a report filed on Schedule 13D or Schedule 14D-1 (or\nany successor schedule, form or report), each as promulgated\npursuant to the Securities Exchange Act of 1934, as amended (the\n“Act”), disclosing that any person (as the term “person” is used in\nSection 13(d)(3) or Section 14(d)(2) of the Act) has become the\nbeneficial owner (as the term “beneficial owner” is defined under\nRule 13d-3 or any successor rule or regulation promulgated under the\nAct) of securities representing 20% or more of the combined voting\npower of the then-outstanding Voting Stock of the Company;</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"2%\" style=\"background: transparent\"> </TD>\n <TD width=\"2%\" nowrap align=\"left\">(d)</TD>\n <TD width=\"1%\"> </TD>\n <TD>the Company files a report or proxy statement with the\nSecurities and Exchange Commission pursuant to the Act disclosing in\nresponse to Form 8-K or Schedule 14A (or any successor schedule,\nform or report or item therein) that a</TD>\n</TR>\n\n</TABLE>\n\n<P align=\"center\" style=\"font-size: 10pt\">4\n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\"> </H5><P>\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n<P>\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"2%\" style=\"background: transparent\"> </TD>\n <TD width=\"2%\" nowrap align=\"left\"> </TD>\n <TD width=\"1%\"> </TD>\n <TD>change in control of the Company has occurred or will occur in the\nfuture pursuant to any then-existing contract or transaction; or</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"2%\" style=\"background: transparent\"> </TD>\n <TD width=\"2%\" nowrap align=\"left\">(e)</TD>\n <TD width=\"1%\"> </TD>\n <TD>if, during any period of two consecutive years, individuals\nwho at the beginning of any such period constitute the directors of\nthe Company cease for any reason to constitute at least a majority\nthereof; provided, however, that for purposes of this Paragraph 3(e)\neach director who is first elected, or first nominated for election\nby the Company’s stockholders, by a vote of at least two-thirds of\nthe directors of the Company (or a committee thereof) then still in\noffice who were directors of the Company at the beginning of any\nsuch period will be deemed to have been a director of the Company at\nthe beginning of such period.</TD>\n</TR>\n\n</TABLE>\n\n<P>\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"1%\" nowrap align=\"left\"> </TD>\n <TD width=\"1%\"> </TD>\n <TD>Notwithstanding the foregoing provisions of Paragraph 3(c) or (d) above,\nunless otherwise determined in a specific case by majority vote of the\nBoard, a “Change in Control” will not be deemed to have occurred for\npurposes of Paragraph 3(c) or (d) above solely because (A) the Company,\n(B) a Subsidiary or (C) any Company-sponsored employee benefit plan of\nthe Company or any Subsidiary either files or becomes obligated to file a\nreport or a proxy statement under or in response to Schedule 13D,\nSchedule 14D-1, Form 8-K or Schedule 14A (or any successor schedule, form\nor report or item therein) under the Act disclosing beneficial ownership\nby it of shares of Voting Stock of the Company, whether in excess of 20%\nor otherwise, or because the Company reports that a change in control of\nthe Company has occurred or will occur in the future by reason of such\nbeneficial ownership or any decrease thereof.</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"1%\" nowrap align=\"left\">4.</TD>\n <TD width=\"1%\"> </TD>\n <TD>Notices. Any notice provided for in this Agreement must be in writing\nand must be either personally delivered, or mailed by first class mail, to\nthe recipient at the address below indicated:</TD>\n</TR>\n\n</TABLE>\n<P align=\"left\" style=\"font-size: 10pt; margin-left: 6%\">To the Company:\n\n<P align=\"left\" style=\"font-size: 10pt; margin-left: 6%\">Michaels Stores, Inc.<BR>\n8000 Bent Branch Drive<BR>\nIrving, Texas 75063\n\n<P align=\"left\" style=\"font-size: 10pt; margin-left: 6%\">Attention: Senior Vice President, Human Resources\n\n<P align=\"left\" style=\"font-size: 10pt; margin-left: 6%\">To Executive:\n\n<P align=\"left\" style=\"font-size: 10pt; margin-left: 6%\">R. Michael Rouleau<BR>\n3505 Turtle Creek Boulevard<BR>\nUnit 15C<BR>\nDallas, Texas 75219\n\n\n<P>\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"2%\" nowrap align=\"left\"> </TD>\n <TD width=\"1%\"> </TD>\n <TD>or such other address or to the attention of such other person as the\nrecipient party shall have specified by prior written notice to the\nsending party. Any notice under this Agreement will be deemed to have\nbeen given when so delivered or mailed.</TD>\n</TR>\n\n</TABLE>\n\n<P align=\"center\" style=\"font-size: 10pt\">5\n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\"> </H5><P>\n\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n<P>\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"1%\" nowrap align=\"left\">5.</TD>\n <TD width=\"1%\"> </TD>\n <TD>Severability. Whenever possible, each provision of this Agreement will\nbe interpreted in such manner as to be effective and valid under\napplicable law, but if any provision of this Agreement is held to be\ninvalid, illegal or unenforceable in any respect under any applicable law\nor rule in any jurisdiction, such invalidity, illegality or\nunenforceability will not affect any other provision or any other\njurisdiction, but this Agreement will be reformed, construed and enforced\nin such jurisdiction as if such invalid, illegal or unenforceable\nprovision had never been contained herein.</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"1%\" nowrap align=\"left\">6.</TD>\n <TD width=\"1%\"> </TD>\n <TD>Complete Agreement. This Agreement constitutes the complete agreement\nand understanding between the parties hereto and supersedes and preempts\nany prior understandings, agreements or representations by or between the\nparties hereto, written or oral, which may have related to the subject\nmatter hereof in any way, including without limitation that certain\nEmployment Agreement, dated as of April 29, 1997, by and between the\nCompany and Executive.</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"1%\" nowrap align=\"left\">7.</TD>\n <TD width=\"1%\"> </TD>\n <TD>Counterparts. This Agreement may be executed in separate counterparts,\neach of which is deemed to be an original and all of which taken together\nconstitute one and the same agreement.</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"1%\" nowrap align=\"left\">8.</TD>\n <TD width=\"1%\"> </TD>\n <TD>Successors and Assignability. This Agreement is intended to bind and\ninure to the benefit of and be enforceable by Executive and his heirs,\nexecutors or administrators, and to bind and inure to the benefit of and\nbe enforceable by the Company and its successors and assigns. This\nAgreement shall not be assignable by Executive, except by will or pursuant\nto the laws of descent and distribution.</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"1%\" nowrap align=\"left\">9.</TD>\n <TD width=\"1%\"> </TD>\n <TD>Choice of Law. All questions concerning the construction, validity, and\ninterpretation of this Agreement will be governed by the internal law, and\nnot the law of conflicts, of the State of Texas, including without\nlimitation the Texas statute of limitations.</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"1%\" nowrap align=\"left\">10.</TD>\n <TD width=\"1%\"> </TD>\n <TD>Remedies. Each of the parties to this Agreement will be entitled to\nenforce its rights under this Agreement specifically, to recover damages\nby reason of any breach of any provision of this Agreement and to exercise\nall other rights existing in its favor. The parties hereto agree and\nacknowledge that money damages may not be an adequate remedy for any\nbreach of the provisions of this Agreement and that any party may in its\nsole discretion apply to any court of law or equity of competent\njurisdiction for specific performance and/or injunctive relief in order to\nenforce or prevent any violations of the provisions of this Agreement.</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"1%\" nowrap align=\"left\">11.</TD>\n <TD width=\"1%\"> </TD>\n <TD>Amendments and Waivers. Any provision of this Agreement may be amended\nor waived only with the prior written consent of the Company and\nExecutive.</TD>\n</TR>\n\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n <TD width=\"1%\" nowrap align=\"left\">12.</TD>\n <TD width=\"1%\"> </TD>\n <TD>Legal Fees. In the event of any litigation between the parties hereto\nrelating to this Agreement, the prevailing party will be entitled to\nrecover from the losing party reimbursement for the prevailing party’s\nreasonable attorneys’ fees and expenses.</TD>\n</TR>\n\n</TABLE>\n\n<P align=\"center\" style=\"font-size: 10pt\">6\n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\"> </H5><P>\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n<P align=\"left\" style=\"font-size: 10pt\"> IN WITNESS WHEREOF, the parties have executed this Agreement as of the\ndate first written above.\n\n<TABLE width=\"100%\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" style=\"font-size: 10pt\">\n<TR>\n <TD width=\"48%\"> </TD>\n <TD width=\"1%\"> </TD>\n <TD width=\"1%\"> </TD>\n <TD width=\"35%\"> </TD>\n <TD width=\"15%\"> </TD>\n</TR>\n<TR>\n <TD valign=\"top\"> </TD>\n <TD colspan=\"3\">MICHAELS STORES, INC.<BR>\n </TD>\n <TD> </TD>\n</TR>\n\n\n\n<TR>\n <TD valign=\"top\"> </TD>\n <TD colspan=\"3\"><BR>\n </TD>\n <TD> </TD>\n</TR>\n\n<TR>\n <TD> </TD>\n <TD valign=\"top\">By </TD>\n <TD colspan=\"2\" style=\"border-bottom: 1px solid #000000\">/s/ Charles J. Wyly, Jr.\n </TD>\n <TD> </TD>\n</TR><TR>\n <TD> </TD>\n <TD> </TD>\n <TD colspan=\"2\">Charles J. Wyly, Jr. </TD>\n <TD> </TD>\n</TR><TR>\n <TD> </TD>\n <TD> </TD>\n <TD colspan=\"2\">Chairman of the Board of Directors </TD>\n <TD> </TD>\n</TR>\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n<TR>\n <TD valign=\"top\"> </TD>\n <TD colspan=\"3\"> </TD>\n <TD> </TD>\n</TR><TR>\n <TD> </TD>\n <TD colspan=\"3\" style=\"border-bottom: 1px solid #000000\"> /s/ R. Michael Rouleau\n </TD>\n <TD> </TD>\n</TR><TR>\n <TD> </TD>\n <TD colspan=\"3\">R. Michael Rouleau </TD>\n <TD> </TD>\n</TR><TR>\n <TD> </TD>\n <TD colspan=\"3\"> </TD>\n <TD> </TD>\n</TR>\n<TR>\n <TD colspan=\"5\"> </TD>\n</TR>\n</TABLE>\n\n\n<P align=\"center\" style=\"font-size: 10pt\">7\n</DIV>\n\n\n</BODY>\n</HTML>\n\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":90,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/101271/0001104659-07-073736-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/101271/0001104659-07-073736.txt"},"cik":{"kind":"string","value":"101271"},"name":{"kind":"string","value":"UNITED INDUSTRIAL CORP /DE/"},"type":{"kind":"string","value":"8-K"},"filing_date":{"kind":"string","value":"2007-10-09"},"report_date":{"kind":"string","value":"2007-10-07"},"seq":{"kind":"string","value":"5"},"desc":{"kind":"string","value":"EX-10.3"},"doc_type":{"kind":"string","value":"EX-10.3"},"size":{"kind":"string","value":"16615"},"filename":{"kind":"string","value":"a07-26125_1ex10d3.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/101271/000110465907073736/a07-26125_1ex10d3.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/18d239572bfdf70a22bab24c70843b3da6cc1dc1.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2007-10-09\", \"Accepted\": \"2007-10-09 06:09:48\", \"Documents\": \"14\", \"Period of Report\": \"2007-10-07\", \"Items\": \"Item 1.01: Entry into a Material Definitive Agreement\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.3\n<SEQUENCE>5\n<FILENAME>a07-26125_1ex10d3.htm\n<DESCRIPTION>EX-10.3\n<TEXT>\n<html>\n\n<head>\n\n\n\n\n\n</head>\n\n<body lang=\"EN-US\">\n\n<div style=\"font-family:Times New Roman;\">\n\n<p align=\"right\" style=\"margin:0in 0in .0001pt;text-align:right;\"><b><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;font-weight:bold;\">Exhibit\n10.3</font></b></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">AMENDMENT TO SUCCESS\nBONUS AGREEMENT</font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"margin:0in 0in .0001pt;text-indent:.5in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">AMENDMENT\n(this “<u>Amendment</u>”) dated October 7, 2007, by and between United\nIndustrial Corporation, a Delaware corporation (“<u>Company</u>”) and James H.\nPerry (“<u>Employee</u>”).</font></p>\n\n<p style=\"margin:0in 0in .0001pt;text-indent:.5in;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">W I T N E S S\nE T H :</font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"margin:0in 0in .0001pt;text-indent:.5in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">WHEREAS, the parties\nhereto are parties to that certain Success Bonus Agreement dated as of April\n10, 2002 (the “<u>Success Bonus Agreement</u>”) and they desire to amend the Success\nBonus Agreement as provided herein.</font></p>\n\n<p style=\"margin:0in 0in .0001pt;text-indent:.5in;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"margin:0in 0in .0001pt;text-indent:.5in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">NOW THEREFORE,\nin consideration of the premises and mutual covenants hereinafter contained,\nthe parties hereto agree as follows:</font></p>\n\n<p style=\"margin:0in 0in .0001pt;text-indent:.5in;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">1.</font><font size=\"1\" style=\"font-size:8.5pt;\">             </font>Section 1 of the\nSuccess Bonus Agreement shall be amended by adding the following provisions at\nthe end thereof:</p>\n\n<p style=\"margin:0in 0in .0001pt;text-indent:.5in;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"margin:0in 0in .0001pt .5in;text-indent:0in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">“The foregoing\nsingle sum payment (the “<u>Success Bonus</u>”) shall also be paid to the\nEmployee if, prior to the Change in Control, his employment is terminated by\nthe Company without “Cause” or by the Employee for “Good Reason,” each as\ndefined below. Such payment of the Success Bonus shall only be made after expiration\nof the 409A Delay Period, as set forth in Section 8 below.</font></p>\n\n<p style=\"margin:0in 0in .0001pt .5in;text-indent:0in;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"margin:0in 0in .0001pt .5in;text-indent:0in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">For purposes\nof this Agreement, the term “Change in Control” shall mean (i) any person or\nother entity (other than any of the Company’s subsidiaries), including any\nperson as defined in Section 13(d)(3) of the Securities Exchange Act of 1934,\nas amended, becomes the beneficial owner, as defined in Rule 13d-3 of such Act,\ndirectly or indirectly, of more than fifty percent (50%) of the total combined\nvoting power of all classes of capital stock of the Company normally entitled\nto vote for the election of directors of the Company (the “<u>Voting Stock</u>”),\n(ii) the sale of all or substantially all of the property or assets of the Company,\n(iii) the consolidation or merger of the Company with another corporation\nor other entity (other than with any of the Company’s subsidiaries), the\nconsummation of which would result in the stockholders of the Company\nimmediately before the occurrence of the consolidation or merger owning, in the\naggregate, less than 50% of the Voting Stock of the surviving entity, or (iv) a\nchange in the Board of Directors of the Company occurs with the result that the\nmembers of such Board of Directors on April 8, 2004 (the “<u>Incumbent\nDirectors</u>”) are replaced during any 12-month period by directors whose\nappointment or election is not endorsed by a majority of the Incumbent\nDirectors prior to the date of such appointment or election, <u>provided</u>\nthat any person becoming a director whose election or nomination for election\nwas supported by a majority of the Incumbent Directors shall be considered an\nIncumbent Director for purposes hereof.”</font></p>\n\n<p style=\"margin:0in 0in .0001pt .5in;text-indent:0in;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2.</font><font size=\"1\" style=\"font-size:8.5pt;\">             </font>The Success Bonus\nAgreement shall be further amended by adding the following new Section 8 to the\nend thereof:</p>\n\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<div style=\"margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='',FILE='C:\\JMS\\gjanaki\\07-26125-1\\task2449289\\26125-1-kg.htm',USER='105426',CD='Oct 8 06:17 2007' -->\n\n\n<br clear=\"all\" style=\"page-break-before:always;\">\n\n\n<div style=\"font-family:Times New Roman;\">\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<h3 style=\"font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">“8.</font><font size=\"1\" style=\"font-size:8.5pt;\">           </font>In the event that the Employee is deemed to be a “specified\nemployee” (within the meaning of Section 409A(a)(2)(B)(i) of the Internal\nRevenue Code of 1986, as amended (“<u>Code</u>”)) in accordance with procedures\nset by the Company at the time of Employee’s termination hereunder, payment of\nthe Success Bonus described in Section 1 hereof shall be delayed for a period\nof six months immediately following the Employee’s termination of employment\n(the “<u>409A Delay Period</u>”). In such event, the Success Bonus shall be\npaid to the Employee on the day immediately following the expiration of the\n409A Delay Period. The Employee shall not be entitled to any interest on or in\nrespect of any amount not paid during the 409A Delay Period. Notwithstanding\nanything herein to the contrary, if the Success Bonus is payable to the\nEmployee as a result of his termination of employment, the Employee shall only\nbe entitled to receive such payment if the Employee has incurred a “separation\nfrom service” within the meaning of the regulations issued under Code Section\n409A.</h3>\n\n<h3 style=\"font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;\"> </h3>\n\n<h3 style=\"font-weight:normal;margin:0in 0in .0001pt .5in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">It is intended that this Agreement comply\nwith the provisions of Section 409A of the Code and this Agreement shall be\nlimited, construed and interpreted in a manner consistent with this intent.”</font></h3>\n\n<h3 style=\"font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;\"> </h3>\n\n<p style=\"font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">3.</font><font size=\"1\" style=\"font-size:8.5pt;\">             </font>Except as amended\nhereby, the Success Bonus Agreement shall remain in full force and effect and\nis hereby ratified and confirmed.</p>\n\n<p style=\"margin:0in 0in .0001pt;text-indent:.5in;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">4.</font><font size=\"1\" style=\"font-size:8.5pt;\">             </font>This Amendment may be\nexecuted in one or more counterparts, each of which shall constitute an\noriginal and all of which together shall constitute one agreement.</p>\n\n<p style=\"margin:0in 0in .0001pt;text-indent:.5in;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p style=\"margin:0in 0in .0001pt;text-indent:.5in;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">IN WITNESS\nWHEREOF, this Amendment has been duly executed by the parties hereto as of the\nday and year first above written.</font></p>\n\n<p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"100%\" style=\"border-collapse:collapse;width:100.0%;\">\n <tr>\n <td width=\"48%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:48.18%;\"><a name=\"TableHead\"></a>\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"51%\" colspan=\"3\" valign=\"bottom\" style=\"padding:0in .7pt 0in .7pt;width:51.82%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">UNITED INDUSTRIAL CORPORATION</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"48%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:48.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"4%\" valign=\"bottom\" style=\"padding:0in .7pt 0in .7pt;width:4.48%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"47%\" colspan=\"2\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:47.34%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"48%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:48.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"4%\" valign=\"bottom\" style=\"padding:0in .7pt 0in .7pt;width:4.48%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"47%\" colspan=\"2\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:47.34%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"48%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:48.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"4%\" valign=\"bottom\" style=\"padding:0in .7pt 0in .7pt;width:4.48%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">By:</font></p>\n </td>\n <td width=\"33%\" valign=\"top\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:33.08%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">/s/ Anna-Maria G. Palmer</font></p>\n </td>\n <td width=\"14%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:14.26%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"48%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:48.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"51%\" colspan=\"3\" valign=\"bottom\" style=\"padding:0in .7pt 0in .7pt;width:51.82%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Name: Anna-Maria G. Palmer</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"48%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:48.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"51%\" colspan=\"3\" valign=\"bottom\" style=\"padding:0in .7pt 0in .7pt;width:51.82%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">Title: Vice President, Human Resources</font></p>\n </td>\n </tr>\n <tr>\n <td width=\"48%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:48.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"4%\" valign=\"bottom\" style=\"padding:0in .7pt 0in .7pt;width:4.48%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"47%\" colspan=\"2\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:47.34%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"48%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:48.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"4%\" valign=\"bottom\" style=\"padding:0in .7pt 0in .7pt;width:4.48%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n <td width=\"47%\" colspan=\"2\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:47.34%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"48%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:48.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"37%\" colspan=\"2\" valign=\"bottom\" style=\"border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:37.56%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">/s/ JAMES H. PERRY</font></p>\n </td>\n <td width=\"14%\" valign=\"bottom\" style=\"padding:0in .7pt 0in .7pt;width:14.26%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n <tr>\n <td width=\"48%\" valign=\"top\" style=\"padding:0in .7pt 0in .7pt;width:48.18%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n <td width=\"37%\" colspan=\"2\" valign=\"bottom\" style=\"border:none;padding:0in .7pt 0in .7pt;width:37.56%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">JAMES H. PERRY</font></p>\n </td>\n <td width=\"14%\" valign=\"bottom\" style=\"padding:0in .7pt 0in .7pt;width:14.26%;\">\n <p style=\"margin:0in 0in .0001pt;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:1.0pt;\"> </font></p>\n </td>\n </tr>\n</table>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\"> </font></p>\n\n<p align=\"center\" style=\"margin:0in 0in .0001pt;text-align:center;\"><font size=\"2\" face=\"Times New Roman\" style=\"font-size:10.0pt;\">2</font></p>\n\n<div style=\"margin:0in 0in .0001pt;\"><hr size=\"3\" width=\"100%\" noshade color=\"#010101\" align=\"left\"></div>\n\n</div>\n<!-- SEQ.=1,FOLIO='2',FILE='C:\\JMS\\gjanaki\\07-26125-1\\task2449289\\26125-1-kg.htm',USER='105426',CD='Oct 8 06:17 2007' -->\n\n\n</body>\n\n</html>\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":91,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1464343/0001437749-21-012331-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1464343/0001437749-21-012331.txt"},"cik":{"kind":"string","value":"1464343"},"name":{"kind":"string","value":"Atlanticus Holdings Corp"},"type":{"kind":"string","value":"10-Q"},"filing_date":{"kind":"string","value":"2021-05-14"},"report_date":{"kind":"string","value":"2021-03-31"},"seq":{"kind":"string","value":"3"},"desc":{"kind":"string","value":"EXHIBIT 10.2"},"doc_type":{"kind":"string","value":"EX-10.2"},"size":{"kind":"string","value":"61060"},"filename":{"kind":"string","value":"ex_250127.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1464343/000143774921012331/ex_250127.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/3a61026a2d73b7cf7b61acd290868572fd390f4b.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2021-05-14\", \"Accepted\": \"2021-05-14 16:27:56\", \"Documents\": \"83\", \"Period of Report\": \"2021-03-31\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.2\n<SEQUENCE>3\n<FILENAME>ex_250127.htm\n<DESCRIPTION>EXHIBIT 10.2\n<TEXT>\n<html><head><meta charset=\"utf-8\"><meta name=\"format-detection\" content=\"telephone=no\"><!--Created on 5/13/2021 6:52:47 PM --><meta name=\"generator\" content=\"RDG HTML Converter 3.4.3.0\">\n\t<title>ex_250127.htm</title>\n\n</head>\n<body style=\"font-size:10pt;font-family:'Times New Roman';padding:0in .1in;\">\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt 0pt 0pt 5pt;text-indent:-5pt;\"><b>Exhibit 10.2</b></p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt 0pt 0pt 5pt;text-indent:-5pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt 0pt 0pt 5pt;text-indent:-5pt;\"><b>AMENDED AND RESTATED EMPLOYMENT AGREEMENT</b></p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:54pt;\">THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into this the 18th day of March, 2021 (the “Effective Date”), by and between ATLANTICUS HOLDINGS CORPORATION, a Georgia corporation (“Atlanticus”), and JEFFREY A. HOWARD, an individual resident of the State of Georgia (“Employee”).</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: center;\"><b>W I T N E S S E T H:</b></p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">WHEREAS, Atlanticus and the Employee entered into an Employment Agreement, dated March 28, 2014 (the “Original Employment Agreement”); and</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">WHEREAS, the parties hereto desire to replace and supersede all prior employment arrangements, including the Original Employment Agreement, between Atlanticus and any of its related affiliates and Employee in their entirety and set forth herein the terms and conditions of Employee’s employment as President and Chief Executive Officer of Atlanticus.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">NOW, THEREFORE, for and in consideration of the Employee’s employment with Atlanticus and the premises and the mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Atlanticus and Employee hereby agree as follows:</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">1.0 RELATIONSHIP ESTABLISHED. Upon the terms and subject to the conditions of this Agreement, Atlanticus hereby employs Employee to serve as the President and Chief Executive Officer of Atlanticus effective on the Effective Date, and, as such, Employee shall perform the executive level services (the “Services”) for Atlanticus as delegated to him from time to time by the Board of Directors of Atlanticus. Employee hereby agrees to devote one hundred percent (100%) of his business time, attention, energy and skill exclusively to performing his obligations and duties hereunder and to engage in no business activities other than the performance of his obligations and duties hereunder, except for those specific activities as the Board of Directors of Atlanticus shall approve in advance in writing. Employee shall perform his obligations and duties hereunder diligently, faithfully and to the best of his abilities and, in doing so, shall comply with applicable Atlanticus policies and procedures. If there is any conflict between such policies and procedures and this Agreement, this Agreement shall control. During the “Term” (as defined below) Employee shall not, directly or indirectly, make any advance, loan, extension of credit or capital contribution to, or purchase any stocks, bonds or other securities of, or make any investment in, any individual, partnership, corporation, limited liability company, trust, trustee, joint stock company, unincorporated organization, joint venture, association, governmental authority or other entity (each, an “Entity”) other than Atlanticus that creates a conflict of interest with Atlanticus.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<div class=\"PGBK\" style=\"width: 100%; margin-left: 0pt; margin-right: 0pt\">\n<div class=\"PGFTR\" style=\"text-align: center; width: 100%\">\n<div class=\"hf-row\">\n<div class=\"hf-cell PGNUM\"> </div>\n</div>\n</div>\n\n<hr style=\"PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000\">\n<div class=\"PGHDR\" style=\"text-align: left; width: 100%\">\n<div class=\"hf-row\">\n<div class=\"hf-cell TOCLink\"> </div>\n</div>\n</div>\n</div>\n\n<p style=\"font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left\"> </p>\n\n<div contenteditable=\"false\" data-applyto=\"t\" data-auto-pgnum=\"start\" data-displaynum=\"2\" data-fontname=\"Times New Roman\" data-fontsize=\"10pt\" data-numstyle=\"a\" data-prefix=\"\" data-startnum=\"2\" data-suffix=\"\" data-textalign=\"center\"> </div>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;\">2.0 TERM; TERMINATION.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">2.1 TERM OF EMPLOYMENT. The term of Employee’s employment under this Agreement shall commence on the Effective Date and shall continue indefinitely on an at will basis, subject to termination at any time by either party on not less than thirty (30) days prior written notice to the other party, or as otherwise provided pursuant to Section 2.2 hereof. The period of time Employee is employed by Atlanticus under this Agreement shall be referred to as the “Term.”</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;\">2.2 TERMINATION OF EMPLOYMENT.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;text-indent:36pt;\">(a) Employee’s employment shall automatically and immediately terminate upon the death of Employee.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;text-indent:36pt;\">(b) Either party may terminate Employee’s employment upon the Complete Disability of Employee. “Complete Disability,” as used herein, shall mean the inability of Employee by reason of any physical or mental impairment to perform fully and effectively, as determined in the reasonable judgment of a competent physician selected in good faith by Atlanticus, the Services on a full time basis for an aggregate of ninety (90) days in any period of one hundred and eighty (180) consecutive days.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;text-indent:36pt;\">(c) In addition to any other rights or remedies available to Atlanticus, Atlanticus may, in its sole discretion, terminate Employee’s employment for Cause effective immediately upon delivery of written notice to Employee. In this Agreement, “Cause” means the reasonable, good faith determination of a majority of the Board of Directors of Atlanticus that:</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 72pt;text-indent:36pt;\">(i) (A) Employee has committed an act constituting fraud, moral turpitude, deceit or intentional material misrepresentation with respect to Atlanticus or any client, business partner, customer or supplier of Atlanticus; (B) Employee has embezzled funds or assets from Atlanticus or any client, business partner, customer or supplier of Atlanticus; (C) Employee has engaged in willful misconduct or gross negligence in the performance of the Services; or (D) Employee has failed to comply with any of the terms of Section 1 or Section 9 hereof;</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 72pt;text-indent:36pt;\">(ii) Employee has breached or defaulted in the performance of any other provision of this Agreement and has not cured such breach or default to Atlanticus’ reasonable satisfaction within thirty (30) days after receiving notice thereof (provided that any breach by Employee of any obligation under Section 9 will be grounds for immediate termination for “Cause” without any notice or right to cure); or</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 72pt;text-indent:36pt;\">(iii) Employee’s conduct is materially detrimental to the reputation of Atlanticus which Employee has not cured (if such conduct is curable in Atlanticus’ reasonable opinion) to Atlanticus’ reasonable satisfaction within ten (10) days after receiving notice thereof.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin: 0pt 0pt 0pt 36pt;text-indent:36pt;\">(d) Atlanticus may, in its sole discretion, terminate Employee’s employment other than for Cause or Employee’s Complete Disability.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin: 0pt 0pt 0pt 36pt;text-indent:36pt;\">(e) Employee may, in his sole discretion, terminate his employment for any reason or no reason as set forth above.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin: 0pt 0pt 0pt 36pt;text-indent:36pt;\">(f) The date on which Employee’s employment expires or terminates for any reason is referred to herein as the “Termination Date.”</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;\">3.0 COMPENSATION.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin: 0pt 0pt 0pt 36pt;text-indent:36pt;\">(a) During the Term, Atlanticus shall pay Employee as compensation for the Services an annual salary as set forth on <u>Exhibit A</u> hereto and incorporated herein by reference. Such compensation shall be payable in substantially equal semi-monthly installments or in such other installments or at such other intervals as may be the policy of Atlanticus from time to time, but no less frequently than monthly, and shall be subject to such deductions and withholdings as are required by law or policies of Atlanticus in effect from time to time. Employee’s salary per annum may from time to time be adjusted as agreed in writing by both Atlanticus and Employee.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<div class=\"PGBK\" style=\"width: 100%; margin-left: 0pt; margin-right: 0pt\">\n<div class=\"PGFTR\" style=\"text-align: center; width: 100%\">\n<div class=\"hf-row\">\n<div class=\"hf-cell PGNUM\" style=\"text-align: center; font-size: 10pt; font-family: "Times New Roman";\">2</div>\n</div>\n</div>\n\n<hr style=\"PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000\">\n<div class=\"PGHDR\" style=\"text-align: left; width: 100%\">\n<div class=\"hf-row\">\n<div class=\"hf-cell TOCLink\"> </div>\n</div>\n</div>\n</div>\n\n<p style=\"font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin: 0pt 0pt 0pt 36pt;text-indent:36pt;\">(b) During the Term, Employee shall be eligible for bonus and equity compensation as determined by the Compensation Committee of the Board of Directors from time to time. Any bonus payments due hereunder shall be payable to the Employee no later than two and one-half (2 ½) months after the end of the calendar year in which Employee becomes vested in such bonus for purposes of Section 409A of the Internal Revenue Code.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin: 0pt 0pt 0pt 36pt;text-indent:36pt;\">(c) Notwithstanding anything to the contrary herein, if this Agreement is terminated for any of the reasons set forth in Section 2 hereof, Atlanticus shall be released of its obligation to pay further compensation or benefits to Employee as set forth in this Agreement; PROVIDED, HOWEVER, subject to Section 20 hereof, that Employee shall be entitled to receive (i) any salary already earned under Section 3(a) hereof as set forth therein, and (ii) a portion of any previously agreed upon bonus (prorated based upon full months worked by Employee) for any fiscal year in which Employee worked for Atlanticus for at least six (6) months, in each case within thirty (30) days of the Termination Date. Employee will not be entitled to any severance or other benefits upon any termination of his employment hereunder. If this Agreement is terminated pursuant to Section 2.2(a), (b) or (d), all of Employee’s outstanding equity awards shall immediately vest.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">4.0 VACATION. During the Term of this Agreement, Employee shall be entitled to such number of weeks of paid vacation in each calendar year of the Term as is provided in, and in accordance with, Atlanticus’ policies in effect from time to time for management employees.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">5.0 BENEFITS. During the Term of this Agreement, Employee shall be entitled to participate in executive employee benefit plans generally provided by Atlanticus to its executives, but only if and to the extent provided from time to time in such executive benefits plans and for so long as Atlanticus provides or offers such benefit plans.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">6.0 REIMBURSEMENT FOR EXPENSES. Atlanticus shall reimburse Employee for reasonable out-of-pocket expenses incurred by Employee in connection with the performance of the Services hereunder for travel; entertainment and other miscellaneous expenses to the extent such expenses are consistent with Atlanticus’ reimbursement policy as the same shall be in effect from time to time. Reimbursement shall be made only against an itemized list of such expenses submitted to Atlanticus by Employee within thirty (30) days after being incurred, and, to the extent requested by Atlanticus, receipts and invoices evidencing such expenses. In no event shall any such reimbursement be made later than thirty (30) days after the period for submitting such itemized list expires. All reimbursements shall be made within thirty (30) days of submission of the itemized list and, if requested, receipts and invoices.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">7.0 CONFIDENTIALITY.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;text-indent:36pt;\">(a) PROPRIETARY INFORMATION. Employee acknowledges that as an employee of Atlanticus, he may from time to time have access to and be provided with trade secrets (as defined under applicable law), and other confidential, secret and proprietary information including without limitation, financial statements or information, technical or nontechnical data, formulae, compilations, programs, methods, data, financial plans, models, product plans, marketing or sales strategies, portfolio information, or lists of actual or potential borrowers, loan program participants, business partners or other customers not generally available to the public concerning any aspect of the products, services or businesses of Atlanticus, its affiliates, or its and their officers, directors, employees, advisers, agents or other personnel (collectively, “Proprietary Information”). Employee agrees that he will not, directly or indirectly, disclose, publish, disseminate or use any Proprietary Information except as authorized herein. Employee may use Proprietary Information to perform the Services but in doing so will only allow dissemination of Proprietary Information to any Entity on a strict need-to-know basis (provided such persons are first informed of the confidential nature of such Proprietary Information and directed to use or disclose it only as permitted herein). If disclosure of any Proprietary Information is required by law, a court or agency of the government, then Employee may make such disclosure after providing Atlanticus with reasonable notice, to the extent that providing such notice to Atlanticus is legally permissible, so that Atlanticus may seek protective relief.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;text-indent:36pt;\">(b) NON-PROPRIETARY INFORMATION. Notwithstanding the provisions of Section 7(a) hereof, the following shall not be considered to be Proprietary Information: (i) any information that was in the public domain through no fault or act of Employee prior to the disclosure thereof to Employee; (ii) any information that comes into the public domain through no fault or act of Employee; (iii) any information that is disclosed without restriction to Employee by a third party (which term shall not include any equity holder, affiliate, or counsel, accountants and other non-employee representatives of affiliated entities, or of any of their respective equity holders, affiliates or related persons) having the legal right to make such disclosure; and (iv) any confidential business information that is not a trade secret on the three (3) year anniversary of the Termination Date; PROVIDED, HOWEVER, that the limited duration of the confidentiality obligation with regard to Proprietary Information not constituting a trade secret shall not operate or be construed as affording Employee any right or license thereafter to use Proprietary Information, or as a waiver by Atlanticus of the rights and benefits otherwise available to Atlanticus under the laws governing the protection and enforceability of patents, trade secrets and other intellectual property.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<div class=\"PGBK\" style=\"width: 100%; margin-left: 0pt; margin-right: 0pt\">\n<div class=\"PGFTR\" style=\"text-align: center; width: 100%\">\n<div class=\"hf-row\">\n<div class=\"hf-cell PGNUM\" style=\"text-align: center; font-size: 10pt; font-family: "Times New Roman";\">3</div>\n</div>\n</div>\n\n<hr style=\"PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000\">\n<div class=\"PGHDR\" style=\"text-align: left; width: 100%\">\n<div class=\"hf-row\">\n<div class=\"hf-cell TOCLink\"> </div>\n</div>\n</div>\n</div>\n\n<p style=\"font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;text-indent:36pt;\">(c) RETURN OF MATERIALS. On or before the Termination Date, or when otherwise requested by Atlanticus, Employee will deliver promptly to Atlanticus all Proprietary Information and all other files, customer lists, management reports, drawings, memoranda, forms, financial data and reports and other materials or documents and equipment provided to, or obtained or created by Employee in connection with the Services (including all copies of the foregoing, and including all notes, records and other materials of or relating to Atlanticus, its affiliates or their respective business partners or customers) in his possession or control and shall destroy all other Proprietary Information in his possession.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;\">8.0 TRANSFER AND ASSIGNMENT TO ATLANTICUS.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin: 0pt 0pt 0pt 36pt;text-indent:36pt;\">(a) To the greatest extent possible, any Work Product will be “work made for hire” (as defined in the Copyright Act, 17 U.S.C.A. Section 101 ET SEQ., as amended) and owned exclusively by Atlanticus. In this Agreement, “Work Product” means work product, property, data, documentation, concepts, plans, inventions, improvements, processes or information, prepared, discovered, developed or created by Employee while employed by Atlanticus. Nothing herein shall affect any right, title and interest Employee has or may have in any Work Product unrelated to the business of Atlanticus that Employee develops or creates outside of his employment by Atlanticus on his own personal time. Employee hereby unconditionally and irrevocably transfers and assigns to Atlanticus all right, title and interest Employee has or will have, by operation of law or otherwise, in or to any Work Product, including, without limitation, all patents, copyrights, trademarks, service marks, trade secrets and other intellectual property rights. Employee agrees to execute and deliver to Atlanticus any transfers or other instruments which Atlanticus may deem necessary or appropriate to vest complete title and ownership of any Work Product, and all rights therein, exclusively in Atlanticus.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin: 0pt 0pt 0pt 36pt;text-indent:36pt;\">(b) POWER OF ATTORNEY. Employee hereby irrevocably constitutes and appoints Atlanticus as his agent and attorney-in-fact, with full power of substitution, in the name, place and stead of Employee, to execute and deliver any and all assignments or other instruments described in Section 8(a) hereof that Employee fails or refuses promptly to execute and deliver. The foregoing power and agency are coupled with an interest and are irrevocable.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;\">9.0 BUSINESS PROTECTION COVENANTS.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">9.1 DEFINITIONS. For purposes of this Agreement, the following terms shall have the following meanings:</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;text-indent:36pt;\">(a) “Business of Atlanticus” means (i) point-of-sale financing to provide credit to customers for the purchase of goods and services, (ii) loan servicing activities including underwriting, marketing, customer service and collections operations for third parties, (iii) acquisition and collection of portfolios of credit card receivables underlying credit card accounts, (iv) origination and marketing of credit cards, (v) purchase and servicing of loans secured by automobiles, and (vi) management of portfolios of auto finance receivables and additional lending products such as floor plan financing and installment lending products.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;text-indent:36pt;\">(b) “Competing Business” means any person, business or subdivision of a business which substantially engages in the Business of Atlanticus, or which is actively planning to engage in the Business of Atlanticus, excluding subdivisions of a business, if any, which are unrelated to the Business of Atlanticus.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;text-indent:36pt;\">(c) “Material Contact” for purposes of the business partner and customer non-solicitation provision below means contact between Employee and each business partner or customer or potential business partner or customer of Atlanticus within twenty-four (24) months prior to Employee’s termination or resignation:</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<div class=\"PGBK\" style=\"width: 100%; margin-left: 0pt; margin-right: 0pt\">\n<div class=\"PGFTR\" style=\"text-align: center; width: 100%\">\n<div class=\"hf-row\">\n<div class=\"hf-cell PGNUM\" style=\"text-align: center; font-size: 10pt; font-family: "Times New Roman";\">4</div>\n</div>\n</div>\n\n<hr style=\"PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000\">\n<div class=\"PGHDR\" style=\"text-align: left; width: 100%\">\n<div class=\"hf-row\">\n<div class=\"hf-cell TOCLink\"> </div>\n</div>\n</div>\n</div>\n\n<p style=\"font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 72pt;text-indent:36pt;\">(i) With whom or which Employee dealt on behalf of Atlanticus;</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 72pt;text-indent:36pt;\">(ii) Whose dealings with Atlanticus were coordinated or supervised by Employee;</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 72pt;text-indent:36pt;\">(iii) About whom Employee obtained Proprietary Information in the ordinary course of business as a result of Employee’s association with Atlanticus; or</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 72pt;text-indent:36pt;\">(iv) Who receives products or services authorized by Atlanticus, the sale or provision of which results or resulted in compensation, commissions, or earnings for Employee within two (2) years prior to the date of the Employee’s termination.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;text-indent:36pt;\">(d) “Material Contact” for purposes of the employee/contractor non-recruit provision below means contact in person, by telephone, or by paper or electronic correspondence, in furtherance of the business interests of Atlanticus, and within the last twenty-four (24) months of Employee’s employment with Atlanticus.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;text-indent:36pt;\">(e) “Restricted Period” means the period while Employee is employed by Atlanticus and for twelve (12) months following the termination for Cause or resignation of Employee from employment with Atlanticus.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">9.2 NON-RECRUITMENT OF ATLANTICUS EMPLOYEES AND CONTRACTORS. Employee agrees that during the Restricted Period, Employee shall not, directly or indirectly, whether on Employee’s own behalf or on behalf of any other person or entity, solicit or induce any employee or independent contractor of Atlanticus with whom Employee had Material Contact, to terminate or lessen such employment or contract with Atlanticus.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">9.3 NON-SOLICITATION OF ATLANTICUS BUSINESS PARTNERS AND CUSTOMERS. Employee agrees that during the Restricted Period, Employee shall not, directly or indirectly, whether on Employee’s own behalf or on behalf of any other person or entity, solicit any actual or prospective business partners or customers of Atlanticus with whom Employee had Material Contact, for the purpose of selling any products or services for a Competing Business.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">9.4 ACKNOWLEDGEMENTS. Employee acknowledges and agrees that the provisions of Sections 7, 8 and 9 of this Agreement (the “Restrictive Covenants”) are reasonable as to time, scope and territory given Atlanticus’ need to protect its Proprietary Information and its relationships and goodwill with its business partners, customers, suppliers, employees and contractors, all of which have been developed at great time and expense to Atlanticus. Employee represents that Employee has the skills and abilities to obtain alternative employment that would not violate these Restrictive Covenants in the event that Employee leaves employment with Atlanticus, and that these Restrictive Covenants do not pose an undue hardship on Employee. Employee further acknowledges that Employee’s breach of any of these Restrictive Covenants would likely cause irreparable injury to Atlanticus, and therefore entitles Atlanticus to injunctive relief, in addition to any other remedies available in law or equity.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">9.5 CONSTRUCTION AND SEVERABILITY. The laws of the state of Georgia shall apply to all questions regarding the interpretation, modification, breach or enforcement of the Restrictive Covenants. The provisions of the Restrictive Covenants shall be presumed to be enforceable, and any reading causing unenforceability shall yield to a construction permitting enforcement. In the event that a court should determine that any provision of the Restrictive Covenants is overbroad or otherwise unenforceable as written, the parties authorize such court to modify and enforce such provision to the extent the court deems reasonable. If any provision of the Restrictive Covenants shall be found by a court to be overbroad or otherwise unenforceable and not capable of modification, it shall be severed and the remaining covenants and clauses enforced in accordance with the tenor of this Agreement.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<div class=\"PGBK\" style=\"width: 100%; margin-left: 0pt; margin-right: 0pt\">\n<div class=\"PGFTR\" style=\"text-align: center; width: 100%\">\n<div class=\"hf-row\">\n<div class=\"hf-cell PGNUM\" style=\"text-align: center; font-size: 10pt; font-family: "Times New Roman";\">5</div>\n</div>\n</div>\n\n<hr style=\"PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000\">\n<div class=\"PGHDR\" style=\"text-align: left; width: 100%\">\n<div class=\"hf-row\">\n<div class=\"hf-cell TOCLink\"> </div>\n</div>\n</div>\n</div>\n\n<p style=\"font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">10.0. REMEDIES AND FORUM. The parties agree that they will not file any action arising out of or relating in any way to this Agreement other than in the United States District Court for the Northern District of Georgia or the Superior Court(s) of Fulton County, Georgia. The parties consent to personal jurisdiction and venue solely within these forums and waive all possible objections thereto. The prevailing party shall be entitled to recover its costs and attorney’s fees from the non-prevailing party in any such proceeding no later than thirty (30) days following the final settlement or adjudication of such proceeding. Employee waives any defense to enforcement of the provisions of this Agreement by injunction or otherwise based on claims Employee has or alleges to have against Atlanticus.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">11.0 INTERPRETATION; SEVERABILITY. All rights and restrictions contained in this Agreement may be exercised and shall be applicable and binding only to the extent that they do not violate any applicable laws and are intended to be limited to the extent necessary so that they will not render this Agreement illegal, invalid or unenforceable. It is understood and agreed that the provisions hereof are severable; if such provisions shall be deemed invalid or unenforceable as to any period of time, territory, or business activity, such provisions shall be deemed limited to the extent necessary to render it valid and enforceable, and the unenforceability of any provisions hereof shall not in any event cause any other provision hereof to be unenforceable. No provision of this Agreement shall be construed against or interpreted to the disadvantage of any party hereto by any court or other governmental or judicial authority by reason of such party having or being deemed to have structured or dictated such provision.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">12.0 RELIEF. In the event of any threatened or actual breach of the provisions of this Agreement by either party, including, without limitation, the provisions of Section 9 hereof, the other party shall be entitled to specific performance and injunctive relief in addition to any other remedies it may have at law or in equity.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">13.0 NONWAIVER. Failure of either party to insist, in one or more instances, on performance by the other in strict accordance with the terms and conditions of this Agreement shall not be deemed a waiver or relinquishment of any right granted hereunder or of the future performance of any such term or condition or of any other term or condition of this Agreement, unless such waiver is contained in a writing signed by or on behalf of both parties.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">14.0 NOTICES. Any notice or other communication required or permitted hereunder shall be deemed sufficiently given if delivered by hand or sent by registered or certified mail, return receipt requested, postage and fees prepaid, addressed to the party to be notified as follows:</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 108pt;text-indent:-36pt;\">(a) If to Atlanticus: Atlanticus Holdings Corporation</p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 216pt;\">Five Concourse Parkway, Suite 300</p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 144pt;text-indent:72pt;\">Atlanta, GA 30328</p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 144pt;text-indent:72pt;\">Attn: General Counsel</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 144pt;text-indent:-36pt;\">With a cc: Troutman Pepper Hamilton Sanders LLP</p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 216pt;\">Bank of America Plaza</p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 216pt;\">600 Peachtree Street, N.E.</p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 216pt;\">Suite 3000</p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 216pt;\">Atlanta, GA 30308</p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 216pt;\">Attn: Brink Dickerson</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 108pt;text-indent:-36pt;\">(b) If to Employee: Jeffrey A. Howard</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<div class=\"PGBK\" style=\"width: 100%; margin-left: 0pt; margin-right: 0pt\">\n<div class=\"PGFTR\" style=\"text-align: center; width: 100%\">\n<div class=\"hf-row\">\n<div class=\"hf-cell PGNUM\" style=\"text-align: center; font-size: 10pt; font-family: "Times New Roman";\">6</div>\n</div>\n</div>\n\n<hr style=\"PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000\">\n<div class=\"PGHDR\" style=\"text-align: left; width: 100%\">\n<div class=\"hf-row\">\n<div class=\"hf-cell TOCLink\"> </div>\n</div>\n</div>\n</div>\n\n<p style=\"font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;\">or in each case to such other address as either party may from time to time designate in writing to the other. Such notice or communication shall be deemed to have been given as of the date so delivered or five (5) days after the date so mailed.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">15.0 GOVERNING LAW. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Georgia.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">16.0 ENTIRE AGREEMENT; AMENDMENT. This Agreement contains the sole and entire agreement between the parties hereto with respect to Atlanticus’ employment of Employee and supersedes all prior discussions, arrangements and agreements between Atlanticus and any of its related affiliates and Employee relating to Employee’s employment and any such prior arrangements and agreements shall, from and after the date hereof, be null and void. Employee is a sophisticated businessperson and has received such documents and other information as he has deemed necessary to make his own independent judgment as to the merits of this Agreement and the remuneration that he will receive as a result hereof; further, it is hereby agreed by Employee that neither Atlanticus nor its affiliates nor any of their officers, employees, directors or agents have made any representation to Employee other than those specifically set forth in this Agreement. This Agreement shall not be modified or amended except by an instrument in writing signed by or on behalf of all of the parties hereto.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">17.0 PARTIES BENEFITED. This Agreement shall inure to the benefit of, and be binding upon Employee, Atlanticus, and their respective heirs, legal representatives, successors and assigns; provided that, as to Employee, this is a personal service contract and Employee may not assign this Agreement or any part hereof.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">18.0 TAX CONSEQUENCES. Atlanticus shall have no obligation to Employee with respect to any tax obligation Employee incurs as a result of or attributable to this Agreement, including all supplemental agreements and employee benefit plans, if any, in which Employee may hereafter participate, or arising from any payments made or to be made hereunder or thereunder.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">19.0 COUNTERPARTS. This Agreement may be executed in counterparts, each of which shall for all purposes be deemed an original, and all of such counterparts shall together constitute one and the same agreement.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">20.0 NONQUALIFIED DEFERRED COMPENSATION OMNIBUS PROVISION. It is intended that any payment or benefit which is provided pursuant to or in connection with this Agreement which is considered to be deferred compensation subject to Section 409A of the Internal Revenue Code shall be paid and provided in a manner, and at such time, including without limitation, payment and provision of benefits only in connection with the occurrence of a permissible payment event contained in Section 409A (e.g., death, disability, separation from service from Atlanticus and its affiliates as defined for purposes of Section 409A of the Internal Revenue Code), and in such form, as complies with the applicable requirements of Section 409A of the Internal Revenue Code to avoid the unfavorable tax consequences provided therein for non-compliance. In connection with effecting such compliance with Section 409A of the Internal Revenue Code, the following shall apply:</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;text-indent:36pt;\">(a) Neither Employee nor Atlanticus shall take any action to accelerate or delay the payment of any monies and/or provision of any benefits in any manner which would not be in compliance with Section 409A of the Internal Revenue Code.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;text-indent:36pt;\">(b) If Employee is a specified employee for purposes of Section 409A(a)(2)(B)(i) of the Internal Revenue Code, any payment or provision of benefits in connection with a separation from service (as determined for purposes of Section 409A of the Internal Revenue Code) shall not be made until the earlier of (i) Employee’s death or (ii) six (6) months after Employee’s separation from service (the “409A Deferral Period”) to the extent required by Section 409A of the Code. In the event such payments are otherwise due to be made in installments or periodically during the 409A Deferral Period, the payments which would otherwise have been made in the 409A Deferral Period shall be accumulated and paid in a lump sum as soon as the 409A Deferral Period ends, and the balance of the payments shall be made as otherwise scheduled. In the event benefits are required to be deferred, any such benefits may be provided during the 409A Deferral Period at Employee’s expense, with Employee having a right to reimbursement from Atlanticus once the 409A Deferral Period ends, and the balance of the benefits shall be provided as otherwise scheduled.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;text-indent:36pt;\">(c) For purposes of this Agreement, all rights to payments and benefits hereunder shall be treated as rights to receive a series of separate payments and benefits to the fullest extent allowed by Section 409A of the Internal Revenue Code.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;text-indent:36pt;\">(d) For purposes of determining time of (but not entitlement to) payment or provision of deferred compensation under this Agreement under Section 409A of the Internal Revenue Code in connection with a termination of employment, termination of employment will be read to mean a “separation from service” within the meaning of Section 409A of the Internal Revenue Code where it is reasonably anticipated that no further services would be performed after that date or that the level of bona fide services Employee would perform after that date (whether as an employee or independent contractor) would permanently decrease to no more than twenty percent (20%) of the average level of bona fide services performed over the immediately preceding thirty-six (36) month period.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;text-indent:36pt;\">(e) For purposes of this Agreement, a specified employee for purposes of Section 409A(a)(2)(B)(i) of the Internal Revenue Code shall be determined on the basis of the applicable 12-month period ending on the specified employee identification date designated by Atlanticus consistently for purposes of this Agreement and similar agreements or, if no such designation is made, based on the default rules and regulations under Section 409A(a)(2)(B)(i) of the Internal Revenue Code.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 36pt;text-indent:36pt;\">(f) Notwithstanding any other provision of this Agreement, Atlanticus shall not be liable to Employee for any additional Section 409A taxes, penalties or interest as the result of any payment or benefit which is to be provided pursuant to this Agreement and which is considered deferred compensation subject to Section 409A of the Internal Revenue Code otherwise fails to comply with, or be exempt from, the requirements of Section 409A of the Internal Revenue Code.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">21.0 INDEMNIFICATION. Atlanticus shall indemnify Employee, to the maximum extent permitted under applicable law and as set forth in the applicable organizational documents governing Atlanticus (including articles of incorporation and bylaws (as such articles of incorporation and bylaws may be amended, modified, supplemented or restated from time to time)), against all liabilities, losses, damages, costs, charges and expenses incurred or sustained by Employee in connection with any claim, action, suit, or proceeding to which Employee may be made a party, brought directly or derivatively by any third party by reason of any act or omission by Employee as a director or officer of Atlanticus; PROVIDED, HOWEVER, Employee shall be liable for (and shall not be entitled to indemnification for) any such losses incurred by reason of his gross negligence, willful misconduct, or breach of the duty of loyalty.</p>\n\n<div class=\"PGBK\" style=\"width: 100%; margin-left: 0pt; margin-right: 0pt\">\n<div class=\"PGNUM\" style=\"text-align: center; width: 100%; font-size: 10pt; font-family: "Times New Roman";\">7</div>\n\n<hr style=\"PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000\">\n<div class=\"PGHDR\" style=\"text-align: left; width: 100%\"> </div>\n</div>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;\">IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 216pt;\"><b>ATLANTICUS HOLDINGS CORPORATION</b></p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 180pt;text-indent:36pt;\">By: <u>/s/ David G. Hanna</u> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 216pt;\">Name: David G. Hanna</p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 216pt;\">Title: Executive Chairman</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 216pt;\"><b>EMPLOYEE</b></p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt 0pt 0pt 234pt; text-indent: 9pt;\"><u>/s/ Jeffrey A. Howard</u> </p>\n\n<p style=\"font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt 0pt 0pt 234pt;\">Jeffrey A. Howard</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<div class=\"PGBK\" style=\"width: 100%; margin-left: 0pt; margin-right: 0pt\">\n<div class=\"PGFTR\" style=\"text-align: center; width: 100%\">\n<div class=\"hf-row\">\n<div class=\"hf-cell PGNUM\" style=\"text-align: center; font-size: 10pt; font-family: "Times New Roman";\">8</div>\n</div>\n</div>\n\n<hr style=\"PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000\">\n<div class=\"PGHDR\" style=\"text-align: left; width: 100%\">\n<div class=\"hf-row\">\n<div class=\"hf-cell TOCLink\"> </div>\n</div>\n</div>\n</div>\n\n<p style=\"font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left\"> </p>\n\n<div contenteditable=\"false\" data-auto-pgnum=\"end\"> </div>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;\"> </p>\n\n<p style=\"font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: center;\">EXHIBIT A</p>\n\n<p style=\"font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;text-indent:9pt;\"> </p>\n\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" class=\"finTable\" style=\"width: 100%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;\">\n\n\t\t<tr style=\"vertical-align: bottom; background-color: rgb(204, 238, 255);\">\n\t\t\t<td style=\"width: 60%;\">Salary per annum</td>\n\t\t\t<td id=\".lead.2\" style=\"width: 1%;\"> </td>\n\t\t\t<td id=\".symb.2\" style=\"width: 1%;\">$</td>\n\t\t\t<td id=\".amt.2\" style=\"width: 37%;\">850,000</td>\n\t\t\t<td id=\".trail.2\" nowrap=\"true\" style=\"width: 1%; margin-left: 0pt;\"> </td>\n\t\t</tr>\n\n</table>\n\n<p style=\"font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 4pt;text-indent:8pt;\"> </p>\n\n<div class=\"LAST-PAGE-BREAK\">\n<div class=\"PGFTR\">\n<div class=\"hf-row\">\n<div class=\"hf-cell PGNUM\"> </div>\n</div>\n</div>\n</div>\n\n\n</body></html>\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":92,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/790025/0000950170-96-001050-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/790025/0000950170-96-001050.txt"},"cik":{"kind":"string","value":"790025"},"name":{"kind":"string","value":"CAPITAL MEDIA GROUP LTD"},"type":{"kind":"string","value":"10-Q"},"filing_date":{"kind":"string","value":"1996-11-19"},"report_date":{"kind":"string","value":"1996-09-30"},"seq":{"kind":"string","value":"4"},"desc":{"kind":"null"},"doc_type":{"kind":"string","value":"EX-10.3"},"size":{"kind":"string","value":"19413"},"filename":{"kind":"null"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/790025/0000950170-96-001050.txt"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/3af189f49c7ac09107f9d52038f5a4d8ce4ee122.txt"},"extension":{"kind":"string","value":"txt_filing"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"1996-11-19\", \"Accepted\": \"1996-11-19 00:00:00\", \"Documents\": \"15\", \"Period of Report\": \"1996-09-30\", \"SROs\": \"NONE\"}"},"file_content":{"kind":"string","value":"\n<DOCUMENT>\n<TYPE>EX-10.3\n<SEQUENCE>4\n<TEXT>\n\n\n EXHIBIT 10.3\n\n\n DATED 31 October 1996\n\n\n SECURITY ASSIGNMENT\n\n\n\nCAPITAL MEDIA (UK) LIMITED (1)\n\n\n\nINSTAR HOLDINGS INC (2)\n\n\n\n\n<PAGE>\n\n\n\n TABLE OF CONTENTS\n\nPARTIES 1\nOPERATIVE PROVISIONS 1\n 1 Definitions 1\n 2 Interpretation 2\n 3 Covenant 2\n 4 Security 2\n 5 Expenses 3\n 6 Further assurance 4\n 7 Power of attorney 4\n 8 Duration of assignment 4\n 9 No liability as mortgagee in possession 4\n 10 Exclusions 4\n 11 Certificate 4\n 12 Rights cumulative, waiver 5\n 13 Severance 5\n 14 Communications 5\n 16 Successors 5\n 17 Governing law 5\nSCHEDULE 1 6\n Notice of Assignment 6\nSCHEDULE 2 7\n Consent and Acknowledgement 7\n\n\n<PAGE>\n\n\n\n DATE\n\n 31 October 1996\n\n PARTIES\n\n(1) CAPITAL MEDIA (UK) LIMITED (formerly Excalibur Communications Limited)\n a company incorporated in England and Wales with registered number\n 3025201, whose registered office is at 25 James Street, London W1M 5HY\n (the \"Assignor\"); and\n\n(2) INSTAR HOLDINGS INC of R.R.E. Commercial Centre, Majuro, Marshall\n Islands (the \"Assignee\").\n\n OPERATIVE PROVISIONS\n\n1 DEFINITIONS\n\n In this Assignment the following expressions shall bear the following\n meanings:\n\n Assigned Assets the right, title, benefit and\n interest of the Assignor in or under\n an agreement dated 25 September 1995\n made between PTT Telecom BV (\"the\n Lessor\") (1) and the Assignor (2)\n (\"the Transponder Lease\") whereby\n the Lessor agreed to lease to the\n Assignor transponder capacity\n\n Events of Default shall have the meaning given to \n such term in the Facility Agreement\n\n Facility Agreement the facility letter dated\n October 1996 between the Assignor\n and the Assignee relating to a loan\n facility of up to US$2,000,000\n\n Secured Obligations all monies, liabilities\n and obligations, whether principal\n interest or otherwise now or at any\n time after the date of this\n Assignment being or becoming due,\n owing or incurred by the Assignor to\n the Assignee whether actual,\n contingent present or future and\n whether done severally or jointly\n with any other person and whether as\n principal or surety or in some other\n capacity, together with interest\n legal and other costs, charges and\n expenses whatsoever on a full\n indemnity basis so that interest\n shall be calculated and compounded\n in accordance with the usual\n practice of the Assignee from time\n to time as well after as before any\n demand made or judgment ascertained\n hereunder\n\n Security Interest any mortgage, charge, pledge, lien,\n assignment, encumbrance, guarantee,\n title transfer or retention\n arrangement or agreement, or any\n security interest whatsoever,\n howsoever created or arising\n\n\n<PAGE>\n\n\n\n2 INTERPRETATION\n\n2.1 Sections 61 and 63 of the Law of Property Act 1925 shall apply to the\n construction of this Assignment.\n\n2.2 Headings used in this Assignment and table of contents are for\n convenience only, and are to be ignored in construing this Assignment.\n\n2.3 References in this Assignment to it or another document shall be\n construed as a reference to this Assignment, or the other document, as\n from time to time novated, amended, varied or supplemented.\n\n2.4 Words importing the singular include the plural and vice versa.\n\n2.5 References to laws and regulations include amendments and \n re-enactments.\n\n3 COVENANT\n\n3.1 The Assignor shall satisfy the Secured Obligations as they fall due for\n satisfaction in accordance with their terms.\n\n4 SECURITY\n\n4.1 Assignment\n\n As continuing security for payment and discharge of the Secured\n Obligations, the Assignor with full title guarantee, assigns absolutely\n by way of security to the Assignee the Assigned Assets.\n\n4.2 Re-assignment\n\n Upon the irrevocable payment in full when due and upon the complete\n performance and observance of all the Secured Obligations, the Assignee\n will (subject to the terms of this Assignment) at the request and\n expense of the Assignor re-assign the Assigned Assets to the Assignor.\n\n4.3 Enforcement and application\n\n The security created by this Assignment shall become enforceable by the\n Assignee upon the occurrence of an Event of Default. Thereafter the\n Assignee may apply all or any part of the Assigned Assets towards the\n discharge of the Secured Obligations in such manner as the Assignee\n deem fit.\n\n4.4 Primary security\n\n This Assignment shall be deemed to constitute primary and not\n collateral security and the security shall not be discharged or\n impaired by:-\n\n (a) the dealing with, existence or validity of any other security\n taken by the Assignee in relation to the Secured Obligations\n or any enforcement of or failure to take, perfect or enforce\n any such security;\n\n (b) any amendment to or variation of any document or any security\n relating to Secured Obligations;\n\n 2\n<PAGE>\n\n\n\n (c) any release of, or granting of time or any other indulgence to\n the Assignor or any third party; or\n\n (d) any other act, event or omission which would or might but for\n this clause operate to impair or discharge the security\n constituted by, or the Assignor's liability under, this\n Assignment including any act, omission or thing which would or\n might afford an equitable defence to a security.\n\n4.5 Negative covenant\n\n Except with the prior written consent of the Assignee, the Assignor\n shall not create, agree to create or permit to subsist any Security\n Interest in, over or affecting the whole or any part of the Assigned\n Assets (except for Security Interests in favour of the Assignee as\n security for the Secured Obligations) or over its right to call for a\n discharge of the security hereby constituted nor deal with such right\n in any manner.\n\n4.6 Notices\n\n The Assignor shall forthwith on receipt of consent pursuant to clause\n 6.1 deliver a duly completed notice of assignment in the form set out\n in Schedule 1 and procure that upon receipt of such notice an\n acknowledgement and consent in the form set out in Schedule 2 is\n executed and delivered to each of the Assignee.\n\n4.7 Documents\n\n The Assignor shall deposit with a person nominated in writing by the\n Assignee all documents relating to the Assigned Assets. Such documents\n shall be returned to the Assignor upon re-assignment of the Assigned\n Assets in accordance with clause 4.2.\n\n5 EXPENSES\n\n5.1 The Assignor shall immediately on demand pay the Assignee all expenses\n (including legal and other out-of-pocket expenses) incurred in\n connection with:\n\n (i) the negotiation, preparation and execution of this Assignment,\n the Facility Agreement and any related documents;\n\n (ii) any variation, waiver, consent or approval relating to this\n Assignment, the Facility Agreement or any related documents.\n\n (iii) the preservation or enforcement, or the attempted preservation\n or enforcement, of any Assignees' rights under this\n Assignment, the Facility Agreement or any related documents.\n\n5.2 The Assignor shall immediately on demand:\n\n (i) pay any stamp, documentary and other similar duty or tax to\n which this Assignment or any related document may be subject\n or give rise; and\n\n (ii) indemnify the Assignee against all losses or liabilities which\n the Assignee may incur as a result of any delay or omission by\n the Assignor to pay any such duty or tax.\n\n 3\n<PAGE>\n\n\n\n6 FURTHER ASSURANCE\n\n6.1 Notwithstanding any of the terms and provisions set out herein the\n Assignor and the Assignee agree that this Assignment shall not create a\n valid assignment of the Assigned Assets (of any kind whatsoever whether\n equitable or legal) until the Assignee has obtained consent from the\n Lessor to such assignment of the Assigned Assets.\n\n6.2 The Assignor shall, at the request of the Assignee and at its own cost,\n promptly execute any document and do or omit to do any other act or\n thing which:\n\n (a) the Assignee may specify in order to perfect or improve any\n security created or intended to be created by this Assignment\n and to enable the Assignee to deal with the Assigned Assets in\n accordance with the provisions of this Assignment or in order\n to perfect the Assignee' title to any part of the Assigned\n Assets; or\n\n (b) the Assignee may specify with a view to the exercise or\n proposed exercise of any of their powers, rights and\n discretions under this Assignment.\n\n7 POWER OF ATTORNEY\n\n For the purposes of securing the performance of the Assignor's\n obligations under this Assignment, the Assignor irrevocably appoints\n each of the Assignee or any person acting as the delegate of the\n Assignee as the Assignor's attorney on behalf of and in the name of the\n Assignor or otherwise to do all acts and things and sign and execute\n all deeds and documents which any such Assignee may consider necessary\n or expedient for the purpose of giving full effect to this Assignment.\n\n8 DURATION OF ASSIGNMENT\n\n8.1 The provisions of this Assignment shall remain in force until the\n Secured Obligations have been unconditionally and irrevocably paid or\n discharged in full.\n\n8.2 The security created by this Assignment is continuing and is not to be\n considered as satisfied or discharged by any intermediate payment or\n settlement of the whole or any part of the Secured Obligations or any\n other matter or thing whatsoever, including, without limitation, the\n insolvency, liquidation or administration of the Assignor.\n\n9 NO LIABILITY AS MORTGAGEE IN POSSESSION\n\n Nothing herein provided shall be deemed to constitute any Assignee\n mortgagee in possession of the property charged under this Assignment.\n\n10 EXCLUSIONS\n\n Sections 93 and 103 of the Law of Property Act 1925 shall not apply to\n this Assignment.\n\n11 CERTIFICATE\n\n A statement as to any amount of the Secured Obligations or as to any\n amount due to any of the Assignee under this Assignment which is\n certified as being correct by a duly appointed representative or\n officer of such Assignee shall, in the absence of manifest error, be\n conclusive evidence that such amount is in fact due and payable.\n\n 4\n<PAGE>\n\n\n\n12 RIGHTS CUMULATIVE, WAIVER\n\n12.1 The rights of the Assignee under this Assignment:\n\n (a) are cumulative and are in addition to their rights under the\n general law;\n\n (b) may be exercised as often as they consider appropriate; and\n\n (c) may be waived only in writing.\n\n12.2 Any failure or delay in the exercise of any such rights shall not be\n treated as a waiver.\n\n13 SEVERANCE\n\n Each of the provisions of this Assignment is severable and distinct\n from the others. If one or more provision is or becomes invalid,\n illegal or unenforceable, then this shall not affect the validity,\n legality and enforceability of the remaining provisions.\n\n14 COMMUNICATIONS\n\n The provisions of clause 20 of the Facility Agreement shall apply to\n this Assignment making necessary changes.\n\n16 SUCCESSORS\n\n1.1 This Assignment shall be binding upon and inure to the benefit of the\n Assignor and the Assignee and their successors and assigns. Reference\n to the Assignee in this Assignment includes any assignee or transferee\n of any Assignee in relation to its rights and obligations under this\n Assignment.\n\n16.2 The Assignor may not assign or transfer all or any part of its rights\n or obligations under this Assignment. The Assignee may assign all or\n any of their rights hereunder to any person.\n\n17 GOVERNING LAW\n\n This Assignment shall be governed by and construed in accordance with\n English law, and the parties irrevocably submit to the exclusive\n jurisdiction of the English courts.\n\n 5\n<PAGE>\n\n\n SCHEDULE 1\n\n NOTICE OF ASSIGNMENT\n\n\n\nTo: PTT Telecom BV\n The Hague\n The Netherlands\n\n\n\nFrom: Capital Media (UK) Limited\n 25 James Street\n London W1M 5HY\n\nDate:\n\nDear Sirs\n\nWe hereby give you notice that by an assignment (a copy of which is attached)\n(\"the Assignment\") dated ____________________ 1996 and made between this \nCompany and the Assignee described in the Assignment we have assigned \nabsolutely to the Assignee all our right, title, benefit and interest in and \nunder the Assigned Assets (as such term is defined in the Assignment).\n\nYou shall disclose such information relating to the Assigned Assets as the\nAssignee may request you to disclose to them, and act in accordance with their\ninstructions concerning the Assigned Assets.\n\nThis notice and the instructions herein contained are irrevocable. Please\nacknowledge receipt of this notice by completing and returning the enclosed\nconsent to assignment.\n\nYours faithfully\n\n\n/s/ BARRY LLEWELLYN\n- -----------------------\nfor and on behalf of\nCapital Media (UK) Limited\n\n 6\n<PAGE>\n\n\n SCHEDULE 2\n\n CONSENT AND ACKNOWLEDGEMENT\n\n\n\nTo: Universal Independent Holdings Limited\n\n\n\nFrom: PTT Telecom BV\n The Hague\n The Netherlands\n\nDate:\n\nDear Sirs\n\nWe acknowledge receipt of a notice of an assignment and copy of a deed of\nassignment dated _______________________ 1996 (the \"Assignment\") and made \nbetween Capital Media (UK) Limited (the \"Assignor\") and the Assignee relating \nto the Assigned Assets (as such term is defined in the Assignment).\n\nWe hereby consent to such assignment, and agree to disclose information relating\nto the Assigned Assets if requested to do so by the Assignee, and agree that we\nwill comply with the Assignee' instructions concerning the Assigned Assets.\n\nYours faithfully\n\n\n\n\n- ----------------------------------------\nFor and on behalf of\nPTT Telecom BV\n\n 7\n<PAGE>\n\n<TABLE>\n<CAPTION>\n\n\n ATTESTATIONS\n\n THE ASSIGNOR\n\n<S> <C>\n EXECUTED and DELIVERED as a DEED )\n by CAPITAL MEDIA (UK) LIMITED acting by )\n two directors/a director and the secretary: )\n\n Director /s/ BARRY LLEWELLYN\n ---------------------\n\n Secretary /s/ CHARLES KOPPEL\n ---------------------\n\n THE ASSIGNEES\n\n EXECUTED as a Deed on behalf of )\n INSTAR HOLDINGS INC a company )\n incorporated in the Marshall islands )\n by Anthony Michael Bousfield, Director ) /s/ ANTHONY MICHAEL BOUSFIELD, Director\n ---------------------------------------\n and Philip Oscar Gallienne, Secretary ) /s/ PHILIP OSCAR GALLIENNE, Secretary\n being a person/persons who in ) -------------------------------------\n accordance with the laws of that )\n territory is/are empowered to sign )\n this document on behalf of the Company )\n\n</TABLE>\n\n\n 8\n</TEXT>\n</DOCUMENT>"}}},{"rowIdx":93,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1047202/0001193125-04-077721-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1047202/0001193125-04-077721.txt"},"cik":{"kind":"string","value":"1047202"},"name":{"kind":"string","value":"GETTY IMAGES INC"},"type":{"kind":"string","value":"10-Q"},"filing_date":{"kind":"string","value":"2004-05-04"},"report_date":{"kind":"string","value":"2004-03-31"},"seq":{"kind":"string","value":"2"},"desc":{"kind":"string","value":"NOTICE PURSUANT TO EMPLOYMENT AGREEMENT WITH MARK GETTY DATED MARCH 3, 2004"},"doc_type":{"kind":"string","value":"EX-10.42"},"size":{"kind":"string","value":"5692"},"filename":{"kind":"string","value":"dex1042.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1047202/000119312504077721/dex1042.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/4bc7cdcda2d3d6b6fd42b151c81ca22412f00c48.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2004-05-04\", \"Accepted\": \"2004-05-04 13:30:04\", \"Documents\": \"7\", \"Period of Report\": \"2004-03-31\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.42\n<SEQUENCE>2\n<FILENAME>dex1042.htm\n<DESCRIPTION>NOTICE PURSUANT TO EMPLOYMENT AGREEMENT WITH MARK GETTY DATED MARCH 3, 2004\n<TEXT>\n<HTML><HEAD>\n<TITLE>Notice Pursuant to Employment Agreement with Mark Getty dated March 3, 2004</TITLE>\n</HEAD>\n <BODY BGCOLOR=\"WHITE\">\n\n <P STYLE=\"margin-top:0px;margin-bottom:0px\" ALIGN=\"right\"><FONT FACE=\"ARIAL\" SIZE=\"1\"><B>Exhibit 10.42 </B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P> <P\nSTYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"ARIAL\" SIZE=\"1\">March 3, 2004 </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"ARIAL\" SIZE=\"1\">Via\nhand delivered </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"ARIAL\" SIZE=\"1\">Mr. Mark Getty </FONT></P> <P\nSTYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"ARIAL\" SIZE=\"1\">17 Conway Street </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"ARIAL\" SIZE=\"1\">Fitzrovia London, UK </FONT></P> <P\nSTYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"ARIAL\" SIZE=\"1\">W1T 6EE </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n<TABLE STYLE=\"BORDER-COLLAPSE:COLLAPSE\" BORDER=\"0\" CELLPADDING=\"0\" CELLSPACING=\"0\" WIDTH=\"100%\">\n<TR>\n<TD WIDTH=\"4%\" VALIGN=\"top\" ALIGN=\"left\"><FONT FACE=\"ARIAL\" SIZE=\"1\">Re:</FONT></TD>\n<TD WIDTH=\"1%\" VALIGN=\"top\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD ALIGN=\"left\" VALIGN=\"top\"><FONT FACE=\"ARIAL\" SIZE=\"1\"><B>Notice Pursuant to Employment Agreement</B> </FONT></TD></TR></TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P> <P\nSTYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"ARIAL\" SIZE=\"1\">Dear Mark: </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"ARIAL\" SIZE=\"1\">With\nrespect to the employment agreement between you and the Company dated as of February 9, 1998 (the “<U>Agreement</U>”), this letter will serve as confirmation that you have agreed to waive the notice provisions of Section 2 of the Agreement\nand that the Agreement is terminated as of date of the Company’s 2004 Annual Meeting of Stockholders (expected to be on May 17, 2004) except that Section 6 of the Agreement regarding <I>“Protection of the Company’s\nInterests”</I> will continue in effect for so long as you are Non-Executive Chairman of the Company or are otherwise receiving payments pursuant to Sections 4(b), 4(c) or 4(d) of the Agreement. You will no longer be an executive officer or\nemployee of the Company beginning on the date of the Company’s 2004 Annual Meeting of Stockholders. </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT\nFACE=\"ARIAL\" SIZE=\"1\">Please acknowledge your receipt of this letter by signing and dating below. Please return the signed original to my attention. </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P> <P\nSTYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"ARIAL\" SIZE=\"1\">Very truly yours, </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"ARIAL\"\nSIZE=\"1\"><B>GETTY IMAGES, INC. </B></FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\">\n\n<TR>\n<TD WIDTH=\"7%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"2%\"></TD>\n<TD WIDTH=\"91%\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"ARIAL\" SIZE=\"1\">By:</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"ARIAL\" SIZE=\"1\">/s/ A<SMALL>NDREW</SMALL> S. G<SMALL>ARB</SMALL></FONT></P><HR SIZE=\"1\" NOSHADE COLOR=\"#000000\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"bottom\"> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"ARIAL\" SIZE=\"1\">Andrew S. Garb</FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"ARIAL\" SIZE=\"1\">Chairman of the Compensation Committee</FONT></P> <P\nSTYLE=\"margin-top:0px;margin-bottom:1px\"><FONT FACE=\"ARIAL\" SIZE=\"1\">of the Board of Directors</FONT></P></TD></TR>\n</TABLE> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"ARIAL\" SIZE=\"1\">RECEIPT ACKNOWLEDGED: </FONT></P> <P\nSTYLE=\"margin-top:0px;margin-bottom:0px\"><FONT SIZE=\"1\"> </FONT></P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\">\n\n<TR>\n<TD WIDTH=\"13%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"2%\"></TD>\n<TD WIDTH=\"85%\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\" COLSPAN=\"3\"> <P STYLE=\"margin-top:0px;margin-bottom:0px; margin-left:3.29em; text-indent:-1.00em\"><FONT FACE=\"ARIAL\" SIZE=\"1\">/s/ M<SMALL>ARK</SMALL> H. G<SMALL>ETTY</SMALL></FONT></P><HR SIZE=\"1\" NOSHADE COLOR=\"#000000\"> <P\nSTYLE=\"margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"ARIAL\" SIZE=\"1\">Mark H. Getty</FONT></P></TD></TR>\n<TR>\n<TD HEIGHT=\"16\"></TD>\n<TD HEIGHT=\"16\" COLSPAN=\"2\"></TD></TR>\n<TR>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-left:1.00em; text-indent:-1.00em\"><FONT FACE=\"ARIAL\" SIZE=\"1\">Dated:</FONT></P></TD>\n<TD VALIGN=\"bottom\"><FONT SIZE=\"1\"> </FONT></TD>\n<TD VALIGN=\"top\"> <P STYLE=\"margin-top:0px;margin-bottom:0px\"><FONT FACE=\"ARIAL\" SIZE=\"1\">March 3, 2004</FONT></P><HR SIZE=\"1\" NOSHADE COLOR=\"#000000\"></TD></TR>\n</TABLE>\n</BODY></HTML>\n\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":94,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/912898/0000950152-98-002778-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/912898/0000950152-98-002778.txt"},"cik":{"kind":"string","value":"912898"},"name":{"kind":"string","value":"GLIMCHER REALTY TRUST"},"type":{"kind":"string","value":"10-K"},"filing_date":{"kind":"string","value":"1998-03-31"},"report_date":{"kind":"string","value":"1997-12-31"},"seq":{"kind":"string","value":"15"},"desc":{"kind":"string","value":"EXHIBIT 10.56"},"doc_type":{"kind":"string","value":"EX-10.56"},"size":{"kind":"string","value":"58386"},"filename":{"kind":"null"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/912898/0000950152-98-002778.txt"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/b196962e4e7141296900a7ae3a81d00dfceeb31b.txt"},"extension":{"kind":"string","value":"txt_filing"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"1998-03-31\", \"Accepted\": \"1998-03-31 00:00:00\", \"Documents\": \"22\", \"Period of Report\": \"1997-12-31\", \"SROs\": \"NONE\"}"},"file_content":{"kind":"string","value":"\n<DOCUMENT>\n<TYPE>EX-10.56\n<SEQUENCE>15\n<DESCRIPTION>EXHIBIT 10.56\n<TEXT>\n\n<PAGE> 1\n\n Exhibit 10.56\n\n EXHIBIT A\n\n ARTICLES SUPPLEMENTARY\n CLASSIFYING\n 5,520,000 SHARES OF\n BENEFICIAL INTEREST AS\n SERIES B CUMULATIVE REDEEMABLE\n PREFERRED SHARES OF BENEFICIAL INTEREST\n OF GLIMCHER REALTY TRUST\n\n (Pursuant to Section 8-203(b) of the\n Corporations and Associations Article\n of the Annotated Code of Maryland)\n\n Glimcher Realty Trust, a real estate investment trust organized and\nexisting under the laws of the State of Maryland (the \"Company\"), and having its\nexecutive office at 20 South Third Street, Columbus, Ohio 43215, hereby\ncertifies to the State Department of Assessments and Taxation of Maryland that:\n\n FIRST: Pursuant to the authority granted to and vested in the Board of\nTrustees of the Company (the \"Board of Trustees\") under Article VI, Section 6.3\nof the Amended and Restated Declaration of Trust of the Company, as amended (the\n\"Declaration of Trust\"), the Board of Trustees at a meeting duly convened and\nheld on November 5, 1997, adopted resolutions authorizing and establishing a\nseparate class of preferred shares of beneficial interest, out of the\n100,000,000 authorized shares of beneficial interest of the Company (the\n\"Shares\"), consisting of 5,520,000 shares to be known as the \"Series B\nCumulative Redeemable Preferred Shares of Beneficial Interest\" (the \"Series B\nPreferred Shares\"). Such Series B Preferred Shares shall have a par value of\n$.01 per share. The preferences and other rights, voting powers, restrictions,\nlimitations as to distributions, qualifications, and terms and conditions of\nredemption of such shares, which shall be deemed to be part of Article VI,\nSection 6.3 of the Declaration of Trust, are as follows:\n\n\n\n<PAGE> 2\n\n A. Certain Definitions.\n\n Unless the context otherwise requires, the terms defined in this\nparagraph (A) shall have, for all purposes of the provisions of the Declaration\nof Trust in respect of the Series B Preferred Shares, the meanings herein\nspecified (with terms defined in the singular having comparable meanings when\nused in the plural).\n\n Business Day. The term \"Business Day\" shall mean any day, other than a\nSaturday or Sunday, that is neither a legal holiday nor a day on which banking\ninstitutions in New York City are authorized or required by law, regulation or\nexecutive order to close.\n\n Capital Shares. The term \"Capital Shares\" shall mean, with respect to\nany Person, any common shares of beneficial interest, preferred shares,\ndepositary shares, interests, particiption or other ownership interests (however\ndesignated) of such Person and any rights (other than debt securities\nconvertible into or exchangeable for capital shares), warrants or options to\npurchase any thereof.\n\n Code. The term \"Code\" shall mean the Internal Revenue Code of 1986, as\namended from time to time.\n\n Common Equity. The term \"Common Equity\" shall mean all shares now or\nhereafter authorized of any class of common shares of beneficial interest of the\nCompany, including the Common Shares, and any other shares of beneficial\ninterest of the Company, howsoever designated, which has the right (subject\nalways to prior rights of any class or series of preferred shares of beneficial\ninterest) to participate in the distribution of the assets and earnings of the\nCompany without limit as to per share amount.\n\n Common Shares. The term \"Common Shares\" shall mean the Common Shares of\nBeneficial Interest, $.01 par value per share, of the Company.\n\n Distribution Payment Date. The term \"Distribution Payment Date\" shall\nhave the meaning set forth in subparagraph (2) of paragraph (B) below.\n\n Distribution Period. The term \"Distribution Period\" shall mean the\nperiod from, and including, the Initial Issue Date to, but not including, the\nfirst Distribution Payment Date and\n\n\n\n<PAGE> 3\n\n\nthereafter, each quarterly period from, and including, the Distribution Payment\nDate to, but not including, the next Distribution Payment Date.\n\n Distribution Record Date. The term \"Distribution Record Date\" shall\nmean the date designated by the Board of Trustees of the Company at the time a\ndistribution is declared, provided, however, that such Distribution Record Date\nshall be not more than sixty (60) days nor less than ten (10) days prior to such\nDistribution Payment Date.\n\n Junior Shares. The term \"Junior Shares\" shall mean, as the case may be,\n(i) the Common Equity and any other class or series of shares of beneficial\ninterest of the Company which is not entitled to receive any distributions in\nany Distribution Period unless all distributions required to have been paid or\ndeclared and set apart for payment on the Series B Preferred Shares shall have\nbeen so paid or declared and set apart for payment and (ii) the Common Equity\nand any other class or series of shares of beneficial interest of the Company\nwhich is not entitled to receive any assets upon liquidation, dissolution or\nwinding up of the affairs of the Company until the Series B Preferred Shares\nshall have received the entire amount to which such Class B Preferred Shares is\nentitled upon such liquidation, dissolution or winding up. The term \"Junior\nShares\" shall include the Nomura Preferred Shares.\n\n Liquidation Preference. The term \"Liquidation Preference\" shall mean\n$25.00 per share.\n\n Nomura Preferred Shares. The term \"Nomura Preferred Shares\" shall mean\nthe Series A Preferred Shares and the Series A-1 Preferred Shares collectively\nwith any other series of preferred shares of beneficial interest of the Company\nissued from time to time pursuant to the Securities Purchase Agreement. Nomura\nPreferred Shares shall not include any other preferred shares of beneficial\ninterest issued to Nomura or any other Person on any terms, whether or not\nsubstantially similar to the terms of the Series A Preferred Shares, for any\nreason, whether or not such preferred shares of beneficial interest are issued\nin connection with the properties contemplated under the Securities Purchase\nAgreement.\n\n\n<PAGE> 4\n\n\n Original Issue Date. The term \"Original Issue Date\" shall mean the date\nthat Series B Preferred Shares are first issued by the Company.\n\n Parity Shares. The term \"Parity Shares\" shall mean, as the case may be,\n(i) any class or series of shares of beneficial interest of the Company which is\nentitled to receive payment of distributions on a parity with the Series B\nPreferred Shares or (ii) any class or series of shares of beneficial interest of\nthe Company which is entitled to receive assets upon liquidation, dissolution or\nwinding up of the affairs of the Company on a parity with the Series B Preferred\nShares.\n\n Person. The term \"Person\" shall mean an individual, corporation,\npartnership, estate, trust (including a trust classified under Section 401(a) or\n501(c)(17) of the Code), a portion of a trust permanently set aside for or to be\nused exclusively for the purposes described in Section 642(c) of the Code,\nassociation, private foundation within the meaning of Section 509(a) of the\nCode, joint stock company or other entity, and also includes a group as that\nterm is used for purposes of Section 13(d)(3) of the Securities Exchange Act of\n1934, as amended, but does not include an underwriter which participates in a\npublic offering of the Series B Preferred Shares, provided that such ownership\nby such underwriter would not result in the Company being \"closely held\" within\nthe meaning of Section 856(h) of the Code, or otherwise result in the Company\nfailing to qualify as a REIT.\n\n Preferential Distribution Non-Payment. The term \"Preferential\nDistribution Non-Payment\" shall have the meaning set forth in subparagraph (2)\nof paragraph (E) below.\n\n Preferred Shares Trustee. The term \"Preferred Shares Trustee\" shall\nhave the meaning set forth in subparagraph (2) of paragraph (E) below.\n\n Redemption Date. The term \"Redemption Date\" shall have the meaning set\nforth in subparagraph (2) of paragraph (D) below.\n\n Redemption Price. The term \"Redemption Price\" shall mean a price per\nSeries B Preferred Share equal to $25.00 together with accrued and unpaid\ndistributions, if any, thereon to the Redemption Date, without interest.\n\n\n\n<PAGE> 5\n\n\n Redemption Record Date. The term \"Redemption Record Date\" shall mean\nthe date designated by the Board of Trustees of the Company for redemption of\nSeries B Preferred Shares, provided, however, that such Redemption Record Date\nshall be not more than sixty (60) days nor less than thirty (30) days prior to\nsuch Redemption Date.\n\n REIT. The term \"REIT\" shall mean a real estate investment trust under\nSection 856 of the Code.\n\n Securities Purchase Agreement. The term \"Securities Purchase Agreement\"\nshall mean that certain Securities Purchase Agreement among Partnership\nAcquisition Trust II (\"Nomura\"), Glimcher Properties Limited Partnership (the\n\"Operating Partnership\") and the Company, dated as of November 26, 1996, as\namended from time to time.\n\n Senior Shares. The term \"Senior Shares\" shall mean, as the case may be,\n(i) any class or series of shares of beneficial interest of the Company ranking\nsenior to the Series B Preferred Shares in respect of the right to receive\ndistributions or (ii) any class or series of shares of beneficial interest of\nthe Company ranking senior to the Series B Preferred Shares in respect of the\nright to participate in any distribution upon liquidation, dissolution or\nwinding up of the affairs of the Company.\n\n Series A Preferred Shares. The term \"Series A Preferred Shares\" shall\nmean the Series A Convertible Preferred Shares of Beneficial Interest, par value\n$.01 per share, of the Company, issued pursuant to the Securities Purchase\nAgreement.\n\n Series A-1 Articles Supplementary. The term \"Series A-1 Articles\nSupplementary\" shall mean the Articles Supplementary clarifying and designating\n40,000 shares of Series A-1 Convertible Preferred Shares of Beneficial Interest.\n\n Series A-1 Preferred Shares. The term \"Series A-1 Preferred Shares\"\nshall mean the Series A-1 Convertible Preferred Shares of Beneficial Interest,\npar value $.01 per share, of the Company, issued pursuant to the Securities\nPurchase Agreement.\n\n\n<PAGE> 6\n\n\n\n B. Distributions.\n\n 1. The record holders of Series B Preferred Shares shall be entitled to\nreceive cash distributions, when, as and if authorized and declared by the Board\nof Trustees, out of assets legally available for payment of distributions. Such\ndistributions shall be payable quarterly by the Company in cash at a rate of 9\n1/4% of the Liquidation Preference per annum (equivalent to $2.3125 per Series B\nPreferred Share per annum).\n\n 2. Distributions on Series B Preferred Shares shall accrue and be\ncumulative from the Original Issue Date. Distributions shall be payable\nquarterly in arrears when, as and if authorized by the Board of Trustees of the\nCompany on the 15th day of January, April, July and October of each year (each,\na \"Distribution Payment Date\"), commencing on the Business Day succeeding\nJanuary 15, 1998. If any Distribution Payment Date occurs on a day that is not a\nBusiness Day, any accrued distributions otherwise payable on such Distribution\nPayment Date shall be paid on the next succeeding Business Day. The amount of\ndistributions payable on Series B Preferred Shares for each full Distribution\nPeriod shall be computed by dividing by four (4) the annual distribution rate\nset forth in subparagraph (1) of this paragraph (B) above. Distributions payable\nin respect of any Distribution Period which is less than a full Distribution\nPeriod in length will be computed on the basis of a 360-day year consisting of\ntwelve 30-day months. Distributions shall be paid to the holders of record of\nthe Series B Preferred Shares as their names shall appear on the share records\nof the Company at the close of business on the Distribution Record Date for such\ndistribution. Distributions in respect of any past Distribution Periods that are\nin arrears may be declared and paid at any time to holders of record on the\nDistribution Record Date therefor. Any distribution payment made on Series B\nPreferred Shares shall be first credited against the earliest accrued but unpaid\ndistribution due which remains payable. The Series B Preferred Shares rank\nsenior to the Nomura Preferred Shares, as to distributions in the manner and to\nthe extent provided herein.\n\n 3. If any Series B Preferred Shares are outstanding, no distributions\nshall be authorized or paid or set apart for payment on any other class or\nseries of Junior Shares or Parity Shares for any period unless full cumulative\ndistributions have been or contemporaneously are authorized and paid or\nauthorized and a sum sufficient for the payment thereof set apart for such\n\n\n<PAGE> 7\n\n\n\npayment on the Series B Preferred Shares for all past Distribution Periods and\nthe then current Distribution Period. When distributions are not paid in full\n(or a sum sufficient for such full payment is not so set apart) upon the Series\nB Preferred Shares and any other class or series of Preferred Shares ranking on\na parity as to distributions with the Series B Preferred Shares, all\ndistributions authorized upon the Series B Preferred Shares and any other such\nclass or series of Preferred Shares shall be authorized pro rata so that the\namount of distributions authorized per share on the Series B Preferred Shares\nand such class or series of Shares shall in all cases bear to each other the\nsame ratio that accrued and unpaid distributions per share on the Series B\nPreferred Shares and such class or series of Shares bear to each other. No\ninterest, or sum of money in lieu of interest, shall be payable in respect of\nany distribution payment or payments on the Series B Preferred Shares which may\nbe in arrears. The provisions of this subparagraph (3) shall not prohibit the\nmandatory redemption referred to in subparagraph (4) of this paragraph (B).\n\n 4. Except as provided in subparagraph (3) of this paragraph (B), unless\nfull cumulative distributions on the Series B Preferred Shares have been or\ncontemporaneously are authorized and paid or authorized and a sum sufficient for\nthe payment thereof set apart for payment for all past Distribution Periods and\nthe then current Distribution Period, no distributions (other than in Junior\nShares) shall be authorized or paid or set apart for payment or other\ndistribution shall be authorized or made upon any Junior Shares or Parity Shares\nnor shall any Junior Shares or Parity Shares be redeemed, purchased or otherwise\nacquired for any consideration (or any moneys be paid to or made available for a\nsinking fund for the redemption of any such shares) by the Company (except by\nconversion into or exchange for other Junior Shares); provided, however, that\nthe foregoing shall not prevent (i) the mandatory redemption by the Company of\nSeries A-1 Preferred Shares in accordance with the terms set forth in the Series\nA-1 Articles Supplementary as in existence on the Original Issue Date, and (ii)\nthe mandatory redemption by the Company of any other series of Nomura Preferred\nShares issued from time to time pursuant to the Securities Purchase Agreement in\naccordance with the terms set forth in the articles supplementary classifying\nsuch series of Nomura Preferred Shares, which terms shall be substantially\nsimilar to the mandatory redemption terms set forth in the Series A-1 Articles\nSupplementary as in existence on the Original Issue Date, except \n\n\n<PAGE> 8\n\n\n\nthat such articles supplementary shall relate to a different property to be\nacquired, constructed and/or developed by a separate entity in which the Company\nis either directly or indirectly a co-participant.\n\n 5. Notwithstanding anything contained herein to the contrary, no\ndistributions on Series B Preferred Shares shall be authorized by the Board of\nTrustees of the Company or paid or set apart for payment by the Company at such\ntime as the terms and provisions of any agreement of the Company, including any\nagreement relating to its indebtedness, prohibits such authorization, payment or\nsetting apart for payment or provides that such authorization, payment or\nsetting apart for payment would constitute a breach thereof or a default\nthereunder, or to the extent such authorization, payment or setting apart for\npayment shall be restricted or prohibited by law.\n\n 6. Notwithstanding anything contained herein to the contrary,\ndistributions on the Series B Preferred Shares, if not paid on the applicable\nDistribution Payment Date, will accrue whether or not any agreement of the\nCompany prohibits payment of such distributions, whether or not distributions\nare authorized for such Distribution Payment Date, whether or not the Company\nhas earnings and whether or not there are assets legally available for the\npayment of such distributions.\n\n 7. If the Board of Trustees determines that it is permissible under\napplicable law and that the distributions will qualify for the dividends paid\ndeduction (within the meaning of Sections 561 and 562 of the Code or any\nsuccessor provisions thereto), such distributions shall be paid as follows:\nfirst, from income of the Company other than net capital gains, and the balance,\nif any, from net capital gains of the Company. If the Board of Trustees\ndetermines, in its sole discretion, that distributions to be paid in accordance\nwith the preceding sentence might not qualify for such dividends paid deduction,\nor might not be permissible under applicable law, then such distributions shall\nbe paid in a manner determined by the Board of Trustees. \n\n C. Distributions Upon Liquidation, Dissolution or Winding Up.\n\n 1. Upon any voluntary or involuntary liquidation, dissolution or\nwinding up of the affairs of the Company, subject to the prior preferences and\nother rights of any Senior Shares as to liquidation preferences, but before any\ndistribution or payment \n\n\n<PAGE> 9\n\n\nshall be made to the holders of any Junior Shares as to the distribution of\nassets upon any liquidation, dissolution or winding up of the affairs of the\nCompany, the holders of Series B Preferred Shares shall be entitled to receive\nout of the assets of the Company legally available for distribution to its\nshareholders liquidating distributions in cash or property at its fair market\nvalue as determined by the Board of Trustees in the amount of the Liquidation\nPreference per share plus an amount equal to all distributions accrued and\nunpaid thereon (whether or not declared) to the date of such liquidation,\ndissolution or winding up. After payment of the full amount of the liquidating\ndistributions to which they are entitled, the holders of Series B Preferred\nShares will have no right or claim to any of the remaining assets of the Company\nand shall not be entitled to any other distribution in the event of liquidation,\ndissolution or winding up of the affairs of the Company.\n\n 2. In the event that, upon any such voluntary or involuntary\nliquidation, dissolution or winding up, the legally available assets of the\nCompany are insufficient to pay the amount of the Liquidation Preference per\nshare plus an amount equal to all distributions accrued and unpaid on the Series\nB Preferred Shares and the corresponding amounts payable on all shares of Parity\nShares as to the distribution of assets upon liquidation, dissolution or winding\nup, then the holders of the Series B Preferred Shares and all such Parity Shares\nshall share ratably in any such distribution of assets in proportion to the full\nliquidating distributions to which they otherwise would be respectively\nentitled. The Series B Preferred Shares rank senior to the Nomura Preferred\nShares as to the distribution of assets upon any liquidation, dissolution or\nwinding up of the affairs of the Company. Neither the consolidation or merger of\nthe Company into or with another entity nor the dissolution, liquidation,\nwinding up or reorganization of the Company immediately followed by\nincorporation of another corporation to which such assets are distributed, nor\nthe sale, lease, transfer or conveyance of all or substantially all of the\nassets of the Company to another entity shall be deemed a liquidation,\ndissolution or winding up of the affairs of the Company within the meaning of\nthis paragraph (C); provided that, in each case, effective provision is made in\nthe charter of the resulting or surviving entity or otherwise for the\nrecognition, preservation and protection of the rights of the holders of the\nSeries B Preferred Shares.\n\n\n<PAGE> 10\n\n\n 3. In determining whether a distribution by dividend, redemption or\nother acquisition of Shares or otherwise is permitted under Maryland law, no\neffect shall be given to amounts that would be needed, if the Company were to be\ndissolved at the time of the distribution, to satisfy the preferential rights\nupon dissolution of shareholders whose preferential rights on dissolution are\nsuperior to those receiving the distribution.\n\n D. Redemption by the Company.\n\n 1. The Series B Preferred Shares may be redeemed for cash, in whole or\nfrom time to time in part, on any date on or after November 15, 2002 as fixed by\nthe Board of Trustees of the Company at the Redemption Price. The Redemption\nPrice of the Series B Preferred Shares (other than any portion thereof\nconsisting of accrued and unpaid dividends) shall be paid solely from the sale\nproceeds of other Capital Shares of the Company or the Operating Partnership and\nnot from any other source.\n\n 2. Each date fixed for redemption pursuant to subparagraph (1) of this\nparagraph (D) is called a \"Redemption Date\". If the Redemption Date is after a\nDistribution Record Date and before the related Distribution Payment Date, the\ndistribution payable on such Distribution Payment Date shall be paid to the\nholder in whose name the Series B Preferred Shares to be redeemed are registered\nat the close of business on such Distribution Record Date notwithstanding the\nredemption thereof between such Distribution Record Date and the related\nDistribution Payment Date or the Company's default in the payment of the\ndistribution.\n\n 3. In case of redemption of less than all of the Series B Preferred\nShares at the time outstanding, the shares to be redeemed shall be selected by\nthe Company pro rata from the holders of record of such shares in proportion to\nthe number of shares held by such holders (with adjustments to avoid redemption\nof fractional shares) or by any other equitable method determined by the Board\nof Trustees.\n\n In order to facilitate the redemption of Series B Preferred Shares, the\nBoard of Trustees may fix a record date for the determination of the shares to\nbe redeemed, such record date to be not less than thirty (30) nor more than\nsixty (60) days prior to the date fixed for such redemption.\n\n 4. Notice of any redemption will be given by publication in a newspaper\nof general circulation in The City of New York, such \n\n\n<PAGE> 11\n\n\n\npublication to be made once a week for two successive weeks commencing not less\nthan 30 nor more than 60 days prior to the Redemption Date. A similar notice\nwill be mailed by the Company, postage prepaid, not less than 30 nor more than\n60 days prior to the Redemption Date, addressed to the respective holders of\nrecord of the Series B Preferred Shares to be redeemed at their respective\naddressees as they appear on the share transfer records of the Company. No\nfailure to give such notice or any defect therein or in the mailing thereof\nshall affect the validity of the proceedings for the redemption of any Series B\nPreferred Shares except as to any holder to whom the Company has failed to give\nnotice or except as to any holder to whom notice was defective. In addition to\nany information required by law or by the applicable rules of any exchange upon\nwhich Series B Preferred Shares may be listed or admitted to trading, such\nnotice shall state: (i) the Redemption Date; (ii) the Redemption Price; (iii)\nthe number of Series B Preferred Shares to be redeemed and, if less than all\nshares held by the particular holder are to be redeemed, the number of Series B\nPreferred Shares to be redeemed from such holder; (iv) the place or places where\ncertificates for such shares are to be surrendered for payment of the Redemption\nPrice; and (v) that distributions on the shares to be redeemed will cease to\naccrue on the Redemption Date.\n\n 5. If notice has been mailed in accordance with subparagraph (4) of\nthis paragraph (D), and such notice provided that on or before the Redemption\nDate specified therein all funds necessary for such redemption shall have been\nset aside by the Company, separate and apart from its other funds in trust for\nthe pro rata benefit of the holders of the shares so called for redemption, so\nas to be, and to continue to be available therefor, then, from and after the\nRedemption Date, distributions on the Series B Preferred Shares so called for\nredemption shall cease to accrue, and said shares shall no longer be deemed to\nbe outstanding and shall not have the status of Series B Preferred Shares, and\nall rights of the holders thereof as shareholders of the Company (except the\nright to receive from the Company the Redemption Price) shall cease. Upon\nsurrender, in accordance with said notice, of the certificates for any shares so\nredeemed (properly endorsed or assigned for transfer, if the Company shall so\nrequire and the notice shall so state), such shares shall be redeemed by the\nCompany at the Redemption Price. In case fewer than all the shares represented\nby any such certificate are redeemed, a new certificate or certificates shall be\nissued \n\n\n<PAGE> 12\n\n\nrepresenting the unredeemed shares without cost to the holder thereof.\n\n 6. Any funds deposited with a bank or trust company for the purpose of\nredeeming Series B Preferred Shares shall be irrevocable except that:\n\n a. the Company shall be entitled to receive from such bank or trust\ncompany the interest or other earnings, if any, earned on any money so deposited\nin trust, and the holders of any shares redeemed shall have no claim to such\ninterest or other earnings; and\n\n b. any balance of monies so deposited by the Company and unclaimed by\nthe holders of the Series B Preferred Shares entitled thereto at the expiration\nof two (2) years from the applicable Redemption Date shall be repaid, together\nwith any interest or other earnings earned thereon, to the Company, and after\nany such repayment, the holders of the shares entitled to the funds so repaid to\nthe Company shall look only to the Company for payment without interest or other\nearnings.\n\n 7. No Series B Preferred Shares may be redeemed except with assets\nlegally available for the payment of the Redemption Price.\n\n 8. Unless full cumulative distributions on all Series B Preferred\nShares shall have been or contemporaneously are authorized and paid or\nauthorized and a sum sufficient for the payment thereof set apart for payment\nfor all past Distribution Periods and the then current Distribution Period, no\nSeries B Preferred Shares shall be redeemed unless all outstanding Series B\nPreferred Shares are simultaneously redeemed; provided, however, that the\nforegoing shall not prevent the purchase or acquisition of Series B Preferred\nShares pursuant to a purchase or exchange offer made on the same terms to\nholders of all outstanding Series B Preferred Shares, provided further, however,\nthat the foregoing shall not prevent the purchase or acquisition of Series B\nPreferred Shares from persons owning in the aggregate 8.0% or more of the lesser\nof the number or value of the total outstanding shares of beneficial interest of\nthe Company or 9.9% or more of the lesser of the number or value of the total\noutstanding Series B Preferred Shares pursuant to provisions of the Declaration\nof Trust and these Articles Supplementary. Unless full cumulative distributions\non all outstanding Series B Preferred Shares have been or contemporaneously are\nauthorized\n\n\n<PAGE> 13\n\n\nand paid or authorized and a sum sufficient for the payment thereof set apart\nfor payment for all past Distribution Periods and the then current Distribution\nPeriod, the Company shall not purchase or otherwise acquire directly or\nindirectly any Series B Preferred Shares (except by conversion into or exchange\nfor shares of the Company ranking junior to the Series B Preferred Shares as to\ndistributions and upon liquidation, dissolution or winding up of the affairs of\nthe Company).\n\n 9. All Series B Preferred Shares redeemed pursuant to this paragraph\n(D) shall be retired and shall be reclassified as authorized and unissued\npreferred shares, without designation as to class or series, and may thereafter\nbe reissued as any class or series of preferred shares.\n\n E. Voting Rights.\n\n 1. The holders of Series B Preferred Shares shall not be entitled to\nvote on any matter except (i) as provided in paragraph (H), (ii) as provided in\nsubparagraph (2) of this paragraph (E) or (iii) as expressly provided by law.\n\n 2. In the event the Company shall have failed to authorize and pay or\nset apart for payment in full the distributions accumulated on the outstanding\nSeries B Preferred Shares for any six or more quarterly Distribution Periods,\nregardless of whether such quarterly periods are consecutive (a \"Preferential\nDistribution Non-Payment\"), the number of trustees of the Company shall be\nincreased by two and the holders of the outstanding Series B Preferred Shares,\nvoting together as a class with all other classes or series of preferred shares\nof the Company ranking on a parity with the Series B Preferred Shares with\nrespect to distribution rights and then entitled to vote on the election of such\nadditional two trustees, shall be entitled to elect such two additional trustees\nuntil the full distributions accumulated for the past distribution periods and\nthe then current distribution period on all outstanding Series B Preferred\nShares have been authorized and paid or set apart for payment. Upon the\noccurrence of a Preferential Distribution Non-Payment or a vacancy in the office\nof a Preferred Shares Trustee, the Board of Trustees may, and upon the written\nrequest of the holders of record of not less than 20% of the holders of the\nSeries B Preferred Shares and all holders of other classes or series of\npreferred shares of the Company ranking on a parity with the Series B Preferred\nShares with respect to distribution rights who \n\n\n<PAGE> 14\n\n\n\nare then entitled to vote on the election of such additional trustee or trustees\nshall call a special meeting of such holders for the purpose of electing the\nadditional trustee or trustees. In the case of such a written request, such\nspecial meeting shall be held within ninety (90) days after the delivery of such\nrequest and, in either case, at the place and upon the notice provided by law\nand in the Bylaws of the Company, provided that the Company shall not be\nrequired to call such a special meeting if such request is received less than\nninety (90) days before the date fixed for the next ensuing annual meeting of\nshareholders of the Company and all holders of the Series B Preferred Shares and\nshares of any other class or series of preferred shares of the Company ranking\non a parity with the Series B Preferred Shares with respect to distribution\nrights are afforded the opportunity to elect such additional trustee or trustees\n(or fill any vacancy) at such annual meeting of shareholders.\n\n If and when all accumulated distributions on the Series B Preferred\nShares have been authorized and paid or set aside for payment in full, the\nholders of the Series B Preferred Shares shall be divested of the special voting\nrights provided by this subparagraph (2) of paragraph (E), subject to revesting\nin the event of each and every subsequent Preferential Distribution Non-Payment.\nUpon termination of such special voting rights attributable to all holders of\nthe Series B Preferred Shares and shares of any other class or series of\npreferred shares of the Company ranking on a parity with the Series B Preferred\nShares with respect to distribution rights, the term of office of each trustee\nelected by the holders of the Series B Preferred Shares and such parity\npreferred shares (a \"Preferred Shares Trustee\") pursuant to such special voting\nrights shall forthwith terminate and the number of trustees constituting the\nentire Board of Trustees shall be reduced by the number of Preferred Shares\nTrustees. Any Preferred Shares Trustee may be removed only by the vote of the\nholders of record of a majority of the outstanding Series B Preferred Shares and\nall other series of preferred shares of the Company ranking on a parity with the\nSeries B Preferred Shares with respect to distribution rights who would then be\nentitled to vote in such Preferred Shares Trustee's election, voting together as\na separate class, at a meeting called for such purpose.\n\n 3. So long as any Series B Preferred Shares are outstanding, the number\nof trustees constituting the entire Board of Trustees of the Company shall at\nall times be such that the exercise, by \n\n\n\n<PAGE> 15\n\n\n\nthe holders of the Series B Preferred Shares and the holders of preferred shares\nof the Company ranking on a parity with the Series B Preferred Shares with\nrespect to distribution rights, of the right to elect trustees under the\ncircumstances provided for in subparagraph (2) of this paragraph (E) will not\ncontravene any provision of the Declaration of Trust restricting the number of\ntrustees which may constitute the entire Board of Trustees.\n\n 4. Trustees elected pursuant to subparagraph (2) of this paragraph (E)\nshall serve until the earlier of (x) the next annual meeting of the shareholders\nof the Company and the election (by the holders of the Series B Preferred Shares\nand the holders of preferred shares of the Company ranking on a parity with the\nSeries B Preferred Shares with respect to distribution rights) and qualification\nof their respective successors or (y) the termination of the term of office of\neach Preferred Shares Trustee upon the termination of the special voting rights\nas provided for in subparagraph (2) of this paragraph (E) or as otherwise\nprovided for in subparagraph (2) of this paragraph (E).\n\n 5. So long as a Preferential Distribution Non-Payment shall continue,\nany vacancy in the office of a Preferred Shares Trustee may be filled by vote of\nthe holders of record of a majority of the outstanding Series B Preferred Shares\nand all other series of preferred shares ranking on a parity with the Series B\nPreferred Shares with respect to distribution rights who are then entitled to\nvote in the election of such Preferred Shares Trustee as provided above. As long\nas the Preferential Distribution Non-Payment shall continue, holders of the\nSeries B Preferred Shares shall not, as such shareholders, be entitled to vote\non the election or removal of trustees other than Preferred Shares Trustees, but\nshall not be divested of any other voting rights provided to such shareholders\nby law, the Declaration of Trust and these Articles Supplementary with respect\nto any other matter to be acted upon by the shareholders of the Company.\n\n F. Trustees' Right to Refuse to Transfer Series B Preferred Shares;\nLimitation on Holdings.\n\n 1. The terms and provisions of this paragraph (F) shall apply in\naddition to, and not in limitation of, the terms and provisions of Section 6.6\nof the Declaration of Trust. \n\n 2. Each Person who owns directly or indirectly more\n(_______________________) than five percent in number or value of the total\nSeries B Preferred Shares\n\n\n<PAGE> 16\n\n\n\noutstanding shall, by January 30 of each year, give written notice to the\nCompany stating the Person's name and address, the number of Series B Preferred\nShares directly or indirectly owned by such Person, and a description of the\ncapacity in which such Series B Preferred Shares are held. For purposes of these\nArticles Supplementary, the number and value of the total Series B Preferred\nShares outstanding shall be determined by the Board of Trustees in good faith,\nwhich determination shall be conclusive for all purposes hereunder. In addition,\neach direct or indirect holder of Series B Preferred Shares, irrespective of\nsuch shareholder's percentage ownership of outstanding Series B Preferred\nShares, shall upon demand disclose to the Company in writing such information\nwith respect to the direct or indirect ownership of Series B Preferred Shares as\nthe Board of Trustees deems necessary from time to time to enable the Board of\nTrustees to determine whether the Company complies with the REIT Provisions of\nthe Code (as defined in Section 1.5 of the Declaration of Trust), to comply with\nthe requirements of any taxing authority or governmental agency or to determine\nany such compliance or to determine any such compliance with this paragraph (F).\n\n 3. If, in the opinion of the Board of Trustees, which shall be binding\nupon any prospective acquiror of Series B Preferred Shares, any proposed\ntransfer or issuance would jeopardize the status of the Company as a REIT under\nthe REIT Provisions of the Code, the Board of Trustees shall have the right, but\nnot the duty, to refuse to permit such transfer or issuance or refuse to give\neffect to such transfer or issuance and to take any action to void any such\nissuance or cause any such transfer not to occur.\n\n 4. As a condition to any transfer and/or registration of transfer on\nthe books of the Company of any Series B Preferred Shares which could result in\ndirect or indirect ownership (as hereinafter defined) of Series B Preferred\nShares exceeding 9.9% of the lesser of the number or the value of the total\nSeries B Preferred Shares outstanding (the \"Series B Excess Preferred Shares\")\nby a Person other than a Series B Preferred Excepted Person (as defined in\nsubparagraph (5) below), such prospective transferee shall give written notice\nto the Company of the proposed transfer and shall furnish such opinions of\ncounsel, affidavits, undertakings, agreements and information as may be required\nby the Board of Trustees no later than the 15th day \n\n<PAGE> 17\n\n\n\nprior to any transfer which, if consummated, would result in such ownership.\n\n 5. Any transfer of Series B Preferred Shares that would (i) create a\ndirect or indirect owner of Series B Excess Preferred Shares other than a Series\nB Preferred Excepted Person; (ii) result in the Series B Preferred Shares being\nowned by fewer than 100 Persons for purposes of the REIT provisions of the Code;\nor (iii) result in the Company being \"closely held\" within the meaning of\nSection 856(h) of the Code, shall be void ab initio and the prospective acquiror\nshall not be entitled to any rights afforded to owners of Series B Preferred\nShares hereunder and shall be deemed never to have had an interest therein. Any\nissuance of Series B Preferred Shares that would (i) create a direct or indirect\nowner of Series B Excess Preferred Shares other than a Series B Preferred\nExcepted Person; or (ii) result in the Company being \"closely held\" within the\nmeaning of Section 856(h) of the Code, shall be void ab initio and the\nprospective acquiror shall not be entitled to any rights afforded to owners of\nSeries B Preferred Shares hereunder and shall be deemed never to have had an\ninterest therein.\n\n \"Series B Preferred Excepted Person\" shall mean any Person approved by\nthe Board of Trustees, at their option and in their sole discretion, provided,\nhowever, that such approval shall not be granted to any Person whose ownership\nof in excess of 9.9% of the lesser of the number or the value of the total\nSeries B Preferred Shares outstanding would result, directly, indirectly or as a\nresult of attribution of ownership, in termination of the status of the Company\nas a REIT under the REIT Provisions of the Code.\n\n 6. The Company, by notice to the holder thereof, may purchase any or\nall Series B Preferred Shares that are proposed to be transferred pursuant to a\ntransfer which, in the opinion of the Board of Trustees, which shall be binding\nupon any proposed transferee of Series B Preferred Shares, would result in any\nPerson acquiring Series B Excess Preferred Shares, or would otherwise jeopardize\nthe status of the Company as a real estate investment trust under the REIT\nProvisions of the Code. The purchase price for any Series B Excess Preferred\nShares to be transferred shall be equal to the fair market value of the Series B\nPreferred Shares on the last trading day immediately preceding the day on which\nnotice of such proposed transfer is sent, as reflected in the closing sale price\nfor the Series B Preferred \n\n\n<PAGE> 18\n\n\nShares, if then listed on a national securities exchange, or such price for the\nSeries B Preferred Shares on the principal exchange if then listed on more than\none national securities exchange, or if the Series B Preferred Shares are not\nthen listed on a national securities exchange, the latest bid quotation for the\nSeries B Preferred Shares if then traded over-the-counter, or, if no such\nclosing sales prices or quotations are available, then the purchase price shall\nbe equal to the fair market value of such Series B Preferred Shares as\ndetermined by the Board of Trustees in good faith. Prompt payment of the\npurchase price shall be made in cash by the Company in such manner as may be\ndetermined by the Board of Trustees. From and after the date fixed for purchase\nby the Board of Trustees, and so long as payment of the purchase price for the\nSeries B Preferred Shares to be so redeemed shall have been made or duly\nprovided for, the holder of any Series B Excess Preferred Shares so called for\npurchase shall cease to be entitled to dividends, distributions, voting rights\nand other benefits with respect to such Series B Preferred Shares, excepting\nonly the right to payment of the purchase price fixed as aforesaid. Any dividend\nor distribution paid to a proposed transferee of Series B Excess Preferred\nShares prior to the discovery by the Company that the Series B Preferred Shares\nhave been transferred in violation of this paragraph (F) shall be repaid to the\nCompany upon demand. The rights granted to the Company in this subparagraph (6)\nshall not limit the effect of, restrictions in, or rights of the Company or the\nBoard of Trustees under, any other provision of this paragraph (F). \n\n<PAGE> 19\n\n\n 7. Notwithstanding any other provision in these Articles Supplementary,\nthe Declaration of Trust or the Company's Bylaws, subparagraphs (5), (6), (7)\nand (8) of this paragraph (F) may not be amended or repealed without the\naffirmative vote of the holders of not less than two-thirds of the Series B\nPreferred Shares then outstanding and entitled to vote. If subparagraph (5),\n(6), (7) or (8) of this paragraph (F) is determined to be void or invalid by\nvirtue of any legal decision, statute, rule or regulation, then the acquiror of\nSeries B Preferred Shares in violation of such sections shall be deemed, at the\noption of the Company, to have acted as agent on behalf of the Company in\nacquiring such Series B Preferred Shares on behalf of the Company.\n\n 8. Subject to subparagraph (12), notwithstanding any other provision of\nthese Articles Supplementary to the contrary, any purported transfer, sale or\nacquisition of Series B Preferred Shares (whether such purported transfer, sale\nor acquisition results from the direct or indirect acquisition of ownership of\nSeries B Preferred Shares) which would result in the termination of the status\nof the Company as a real estate investment trust under the REIT Provisions of\nthe Code shall be null and void ab initio. Any such Series B Preferred Shares\nmay be treated by the Board of Trustees in the manner prescribed for Series B\nExcess Preferred Shares in subparagraph (6) of this paragraph (F).\n\n 9. Subject to subparagraphs (11) and (12), nothing contained in this\nparagraph (F) or in any other provision of these Articles Supplementary shall\nlimit the authority of the Board of Trustees to take such other action as it\ndeems necessary or advisable to protect the Company and the interests of the\nshareholders by preservation of the Company's status as a real estate investment\ntrust under the REIT Provisions of the Code.\n\n 10. Subject to subparagraph (11), if any provision of this paragraph\n(F) or any application of any such provision is determined to be invalid by any\nfederal or state court having jurisdiction over the issues, the validity of the\nremaining provisions shall not be affected and other applications of such\nprovision shall be affected only to the extent necessary to comply with the\ndetermination of such court. To the extent this paragraph (F) may be\ninconsistent with any other provision of these Articles Supplementary, this\nparagraph (F) shall be controlling.\n\n\n\n<PAGE> 20\n\n\n 11. For purposes of these Articles Supplementary, Series B Preferred\nShares not owned directly shall be deemed to be owned indirectly by a person if\nthat person or a group of which he is a member would be the beneficial owner of\nsuch Series B Preferred Shares, as defined in Rule 13d-3 under the Securities\nExchange Act of 1934, as amended, and/or would be considered to own such Series\nB Preferred Shares by reason of the REIT Provisions of the Code.\n\n 12. Notwithstanding any other provision of paragraph (F), nothing in\nthese Articles Supplementary shall preclude the settlement of transactions\nentered into through the facilities of the New York Stock Exchange. The fact\nthat the settlement of any transaction takes place or occurs shall not negate\nthe effect of any other provision of this paragraph (F) and any transferee in\nsuch a transaction shall be subject to all of the provisions and limitations set\nforth in this paragraph (F).\n\n G. Ranking.\n\n With regard to rights to receive distributions and amounts payable upon\nliquidation, dissolution or winding up of the Company, the Series B Preferred\nShares rank senior to the Common Shares, senior to the Nomura Preferred Shares\nin the manner and to the extent provided herein and on a parity with any other\npreferred shares issued by the Company, unless the terms of such other preferred\nshares provide otherwise and, if applicable, the requirements of paragraph (H)\nhereof have been complied with. However, the Company may authorize or increase\nany class or series of shares of beneficial interest ranking on a parity with or\njunior to the Series B Preferred Shares as to distribution rights or liquidation\npreference without the vote or consent of the holders of the Series B Preferred\nShares. Notwithstanding that the Series B Preferred Shares rank senior to the\nNomura Preferred Shares in the manner and to the extent provided herein as to\nrights to receive distributions and amounts payable upon liquidation,\ndissolution or winding up of the Company, the Company shall have the right\n(whether or not distributions on the Series B Preferred Shares for all past\nDistribution Periods and the then current Distribution Period have been paid)\n(i) to mandatorily redeem Series A-1 Preferred Shares in accordance with the\nterms set forth in the Series A-1 Articles Supplementary as in existence on the\nOriginal Issue Date, and (ii) to mandatorily redeem any other Nomura Preferred\nShares issued from time to time in accordance with the terms set forth in the\narticles \n\n<PAGE> 21\n\n\nsupplementary classifying such series of Nomura Preferred Shares, which terms\nshall be substantially similar to the mandatory redemption terms set forth in\nthe Series A-1 Articles Supplementary as in existence on the Original Issue\nDate, except that such articles supplementary shall relate to a different\nproperty to be acquired, constructed and/or developed by a separate entity in\nwhich the Company is directly or indirectly a co-participant. Furthermore, so\nlong as the Series B Preferred Shares are outstanding, the Company may only\nexercise its optional redemption rights in respect of the Nomura Preferred\nShares (i) up to an amount equal to the value (as determined below) of the\nequity securities issued by the Company and the units of partnership interest\nissued by the Operating Partnership (other than those units of partnership\ninterest issued in connection with the issuance by the Company of common equity\nsecurities) junior to the Series B Preferred Shares as to distribution rights\nand rights upon liquidation, dissolution and winding up (\"Junior Equity\") from\nand after the date of the consummation of the offering by the Company of its\nSeries B Preferred Shares and (ii) so long as full cumulative distributions on\nthe Series B Preferred Shares have been or contemporaneously are authorized and\npaid or authorized and a sum sufficient for the payment thereof set apart for\npayment. The value of such Junior Equity shall be equal to the product of (A)\nthe total number of shares or units of Junior Equity issued, and (B) in each\ncase, as applicable, (i) with respect to issuances of Junior Equity for cash,\nthe amount of the purchase price therefor, (ii) with respect to issuances of\nJunior Equity for property or other consideration, the closing price per Common\nShare on the New York Stock Exchange on the date immediately preceding issuance\nof such Junior Equity, or (iii) with respect to issuances of Junior Equity which\nare not traded on a national exchange or not convertible into equity securities\nor units of partnership interest which are traded on a national exchange, as\ndetermined by an investment banking firm.\n\n H. Limitations.\n\n So long as any Series B Preferred Shares are outstanding, the Company\nshall not, without the affirmative vote, or the written consent, of the holders\nof at least two-thirds of the total number of outstanding Series B Preferred\nShares, voting as a class,\n\n<PAGE> 22\n\n\n 1. authorize, create or issue, or increase the authorized or issued\n amount of, any class or series of, or rights to subscribe to or acquire,\n any security convertible into, any class or series of shares of beneficial\n interest ranking as to distribution rights or liquidation preference,\n senior to the Series B Preferred Shares, or reclassify any shares of\n beneficial interest into any such shares; or\n\n 2. amend, alter or repeal, whether by merger, consolidation or\n otherwise, any of the provisions of the Declaration of Trust (including\n these Articles Supplementary) that would change the preferences, rights or\n privileges with respect to the Series B Preferred Shares so as to affect\n the Series B Preferred Shares materially and adversely;\n\nbut (except as otherwise expressly required by applicable law) nothing herein\ncontained shall require such a vote or consent (i) in connection with any\nincrease in the total number of authorized Common Shares; (ii) in connection\nwith the authorization or increase of any class or series of shares of\nbeneficial interest ranking, as to distribution rights and liquidation\npreference, on a parity with or junior to the Series B Preferred Shares; (iii)\nin connection with any merger or consolidation in which the Company is the\nsurviving entity if, immediately after the merger or consolidation, there are\noutstanding no shares of beneficial interest and no securities convertible into\nshares of beneficial interest ranking as to distribution rights or liquidation\npreference senior to the Series B Preferred Shares other than the securities of\nthe Company outstanding prior to such merger or consolidation; (iv) in\nconnection with any merger or consolidation in which the Company is not the\nsurviving entity if, as a result of the merger or consolidation, the holders of\nSeries B Preferred Shares receive shares of stock or beneficial interest or\nother equity securities with preferences, rights and privileges substantially\nidentical to the preferences, rights and privileges of the Series B Preferred\nShares and there are outstanding no shares of stock or beneficial interest or\nother equity securities of the surviving entity ranking as to distribution\nrights or liquidation preference senior to the Series B Preferred Shares other\nthan the securities of the Company outstanding prior to such merger or\nconsolidation; or (v) if, at or prior to the time when the issuance of any such\nshares ranking senior to the Series B Preferred Shares is to be made or \n\n\n<PAGE> 23\n\n\nany such change is to take effect, as the case may be, the Series B Preferred\nShares have been called for redemption upon proper notice and sufficient funds\nhave been irrevocably deposited in trust for the redemption of all the then\noutstanding Series B Preferred Shares.\n\n I. Exclusion of Other Rights.\n\n The Series B Preferred Shares shall not have any preferences or other\nrights, voting powers, restrictions, limitations as to dividends or other\ndistributions, qualifications or terms or conditions of redemption other than\nexpressly set forth in the Declaration of Trust.\n\n J. Headings of Subdivisions.\n\n The headings of the various subdivisions hereof are for convenience of\nreference only and shall not affect the interpretation of any of the provisions\nhereof.\n\n K. Severability of Provisions.\n\n If any preferences or other rights, voting powers, restrictions,\nlimitations as to dividends or other distributions, qualifications or terms or\nconditions of redemption of the Series B Preferred Shares set forth in the\nDeclaration of Trust is invalid, unlawful or incapable of being enforced by\nreason of any rule of law or public policy, all other preferences or other\nrights, voting powers, restrictions, limitations as to distributions,\nqualifications or terms or conditions of redemption of Series B Preferred Shares\nset forth in the Declaration of Trust which can be given effect without the\ninvalid, unlawful or unenforceable provision thereof shall, nevertheless, remain\nin full force and effect and no preferences or other rights, voting powers,\nrestrictions, limitations as to dividends or other distributions, qualifications\nor terms or conditions of redemption of the Series B Preferred Shares herein set\nforth shall be deemed dependent upon any other provision thereof unless so\nexpressed therein.\n\n L. No Preemptive Rights.\n\n No holder of Series B Preferred Shares shall be entitled to any\npreemptive rights to subscribe for or acquire any unissued shares of beneficial\ninterest of the Company (whether now or hereafter authorized) or securities of\nthe Company convertible \n\n\n<PAGE> 24\n\n\ninto or carrying a right to subscribe to or acquire shares of beneficial\ninterest of the Company.\n\n M. Conversion.\n\n The Series B Preferred Shares are not convertible into or exchangeable\nfor any other property or securities of the Company.\n\n SECOND: The Series B Preferred Shares have been classified by the Board\nof Trustees under a power contained in the Declaration of Trust.\n\n THIRD: These Articles Supplementary have been approved by the Board of\nTrustees in the manner and by the vote required by law.\n\n FOURTH: Each of the undersigned acknowledges these Articles\nSupplementary to be the act of the Company and as to all matters or facts\nrequired to be verified under oath, that to the best of his knowledge,\ninformation and belief, these matters and facts are true in all material\nrespects and such statement is made under the penalties for perjury.\n\n FIFTH: These Articles Supplementary and all documents, agreements,\nunderstandings and arrangements relating hereto have been entered into or\nexecuted on behalf of the Company by the undersigned in his capacity as a\ntrustee of the Company, which has been formed as a Maryland real estate\ninvestment trust pursuant to a declaration of trust of the Company dated as of\nSeptember 1, 1993, as amended, and not individually, and neither the trustees,\nofficers nor shareholders of the Company shall be bound or have any personal\nliability hereunder or thereunder. Holders of the Series B Preferred Shares\nshall look solely to the assets of the Company for satisfaction of any liability\nof the Company in respect of these Articles Supplementary and all documents,\nagreements, understandings and arrangements relating hereto and will not seek\nrecourse or commence any action against any of the trustees, officers or\nshareholders of the Company or any of their personal assets for the performance\nor payment of any obligation hereunder or thereunder. The foregoing shall also\napply to any future documents, agreements, understandings, arrangements or\ntransactions between the Company and holders of the Series B Preferred Shares.\n\n\n<PAGE> 25\n\n\n\n IN WITNESS WHEREOF, the Company has caused these Articles Supplementary\nto be executed under seal in its name and on its behalf by its President and\nattested to by its Secretary on this 17th day of November, 1997.\n\n GLIMCHER REALTY TRUST\n\n By: /s/ Herbert Glimcher (Seal)\n ---------------------------\n Herbert Glimcher\n President\n\nATTEST:\n\nBy: /s/ George A. Schmidt\n ------------------------\n George A. Schmidt\n Secretary\n</TEXT>\n</DOCUMENT>"}}},{"rowIdx":95,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1665918/0001193125-16-610015-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1665918/0001193125-16-610015.txt"},"cik":{"kind":"string","value":"1665918"},"name":{"kind":"string","value":"US Foods Holding Corp."},"type":{"kind":"string","value":"8-K"},"filing_date":{"kind":"string","value":"2016-06-01"},"report_date":{"kind":"string","value":"2016-05-25"},"seq":{"kind":"string","value":"7"},"desc":{"kind":"string","value":"EX-10.4"},"doc_type":{"kind":"string","value":"EX-10.4"},"size":{"kind":"string","value":"9833"},"filename":{"kind":"string","value":"d203999dex104.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/1665918/000119312516610015/d203999dex104.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/f20d5b258d68d1f9b46fc9439293529e1909e237.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2016-06-01\", \"Accepted\": \"2016-06-01 16:54:30\", \"Documents\": \"31\", \"Period of Report\": \"2016-05-25\", \"Items\": \"Item 1.01: Entry into a Material Definitive Agreement\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.4\n<SEQUENCE>7\n<FILENAME>d203999dex104.htm\n<DESCRIPTION>EX-10.4\n<TEXT>\n<HTML><HEAD>\n<TITLE>EX-10.4</TITLE>\n</HEAD>\n <BODY BGCOLOR=\"WHITE\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"right\"><B>Exhibit 10.4 </B></P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">Termination Agreement </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\">June 1, 2016 </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\">Clayton, Dubilier & Rice, LLC </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\">375 Park Avenue </P>\n<P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\">18th Floor </P> <P STYLE=\"margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\">New York, New York 10152 </P>\n<P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\">Ladies and Gentlemen: </P> <P STYLE=\"margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">Reference is made to the\nAmended and Restated Consulting Agreement (the “<U>Consulting Agreement</U>”), dated as of November 23, 2009, among US Foods Holdings Corp. (formally known as USF Holding Corp.) (the “<U>Parent</U>”), US Foods, Inc.\n(formally known as U.S. Foodservice, Inc.) (the “<U>Company</U>”), a wholly owned subsidiary of the Parent, and Clayton, Dubilier & Rice, LLC. Capitalized terms used but not defined herein shall have the meanings ascribed to them in\nthe Consulting Agreement. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">Upon the terms and conditions of this letter agreement, the parties hereby agree to terminate the Consulting\nAgreement pursuant to Section 13 thereof, in connection with the Company’s initial public offering of shares of its common stock pursuant to the Company’s Registration Statement on Form S-1 (Registration No. 333-209442) (the\n“<U>IPO</U>”). In connection with and as consideration for such termination, the Company agrees to pay in cash a fee of $15,330,135.51 million to Clayton, Dubilier & Rice, LLC (the “<U>Termination Fee</U>”) on the closing\ndate of the Company’s IPO and, in consideration thereof, Clayton, Dubilier & Rice, LLC will waive any right to any Transaction Fee in connection with the IPO. Upon the payment of the Termination Fee, the Consulting Agreement will terminate,\n<U>provided</U> that Sections 3 and 4 thereof shall survive solely as to any portion of any Transaction Fee accrued, but not paid or reimbursed, prior to such termination. The termination of the Consulting Agreement shall not affect the\nIndemnification Agreement which shall survive such termination. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">This letter agreement may be executed in any number of counterparts, with\neach executed counterpart constituting an original, but all together one and the same instrument. This letter agreement sets forth the entire understanding and agreement among the parties with respect to the transactions contemplated herein and\nsupersedes and replaces any prior understanding, agreement or statement of intent, in each case written or oral, of any kind and every nature with respect hereto. This letter agreement is governed by and construed in accordance with the laws of\nthe State of New York applicable to agreements made and to be performed within that state. </P> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\"><I>[Remainder of the page left intentionally\nblank.] </I></P>\n\n<p Style='page-break-before:always'>\n<HR SIZE=\"3\" style=\"COLOR:#999999\" WIDTH=\"100%\" ALIGN=\"CENTER\">\n\n <P STYLE=\"margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman\">If the foregoing is in accordance with your understanding and agreement, please sign and return\nthis letter agreement, whereupon this letter agreement shall constitute a binding agreement with respect to the matters set forth herein. </P> <P STYLE=\"font-size:12pt;margin-top:0pt;margin-bottom:0pt\"> </P><DIV ALIGN=\"right\">\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n<TD WIDTH=\"50%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"49%\"></TD></TR>\n\n\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">Sincerely,</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\" COLSPAN=\"3\"></TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">US FOODS HOLDING CORP.</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\" COLSPAN=\"3\"></TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\">/s/ Juliette Pryor</P></TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"> Name: Juliette Pryor</TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"> <P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\"> Title: Executive Vice President,\nGeneral</P></TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">\n<P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\"> Counsel and Chief\nCompliance</P></TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">\n<P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\"> \nOfficer</P></TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\" COLSPAN=\"3\"></TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">US FOODS, INC.</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\" COLSPAN=\"3\"></TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\">/s/ Juliette Pryor</P></TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"> Name: Juliette Pryor</TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"> Title: Executive Vice President, General</TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">\n<P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\"> Counsel and Chief\nCompliance</P></TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">\n<P STYLE=\" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman\"> \nOfficer</P></TD></TR>\n</TABLE></DIV> <P STYLE=\"font-size:12pt;margin-top:0pt;margin-bottom:0pt\"> </P>\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" WIDTH=\"40%\" BORDER=\"0\" STYLE=\"BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt\">\n\n\n<TR>\n<TD WIDTH=\"50%\"></TD>\n<TD VALIGN=\"bottom\" WIDTH=\"1%\"></TD>\n<TD WIDTH=\"49%\"></TD></TR>\n\n\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">Acknowledged and agreed as of the<BR>date first above written:</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\" COLSPAN=\"3\"></TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\">CLAYTON, DUBILIER & RICE, LLC</TD></TR>\n<TR STYLE=\"font-size:1pt\">\n<TD HEIGHT=\"16\" COLSPAN=\"3\"></TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"> <P STYLE=\"margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman\">/s/ Theresa A. Gore</P></TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"> Name: Theresa A. Gore</TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"> Title: Vice President, Treasurer & Assistant</TD></TR>\n<TR STYLE=\"font-family:Times New Roman; font-size:10pt\">\n<TD VALIGN=\"top\" COLSPAN=\"3\"> Secretary</TD></TR>\n</TABLE> <P STYLE=\"margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman\" ALIGN=\"center\">[Signature Page to Letter Agreement Terminating CD&R Consulting Agreement] </P>\n</BODY></HTML>\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":96,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/55387/0000922224-22-000005-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/55387/0000922224-22-000005.txt"},"cik":{"kind":"string","value":"55387"},"name":{"kind":"string","value":"KENTUCKY UTILITIES CO"},"type":{"kind":"string","value":"10-K"},"filing_date":{"kind":"string","value":"2022-02-18"},"report_date":{"kind":"string","value":"2021-12-31"},"seq":{"kind":"string","value":"4"},"desc":{"kind":"string","value":"EX-10.DD2"},"doc_type":{"kind":"string","value":"EX-10.DD2"},"size":{"kind":"string","value":"624"},"filename":{"kind":"string","value":"exhibit10dd-2.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/55387/000092222422000005/exhibit10dd-2.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/f237fc1ef1689acfa04cd2456654480ea9325cf9.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2022-02-18\", \"Accepted\": \"2022-02-18 12:06:53\", \"Documents\": \"184\", \"Period of Report\": \"2021-12-31\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.DD2\n<SEQUENCE>4\n<FILENAME>exhibit10dd-2.htm\n<DESCRIPTION>EX-10.DD2\n<TEXT>\n<HTML>\n<HEAD><!-- Document generated by Workiva Inc -->\n<TITLE>exhibit10dd-2</TITLE>\n</HEAD>\n<BODY bgcolor=\"white\">\n<DIV align=\"center\">\n<DIV style=\"margin-left:1em;width:1055;\"><!-- exhibit10dd-2001.jpg -->\n<DIV style=\"padding-top:2em;\">\n<IMG src=\"exhibit10dd-2001.jpg\" title=\"slide1\" width=\"1055\" height=\"1365\">\n<DIV><FONT size=\"1\" style=\"font-size:1pt;color:white\">Exhibit 10(dd)-2 </FONT></DIV>\n<P><HR noshade><P>\n<DIV style=\"page-break-before:always;\"> </DIV>\n</DIV>\n</DIV>\n</DIV>\n</BODY>\n</HTML>\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":97,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/890975/0001104659-25-010085-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/890975/0001104659-25-010085.txt"},"cik":{"kind":"string","value":"890975"},"name":{"kind":"string","value":"AMERICAN HONDA RECEIVABLES LLC"},"type":{"kind":"string","value":"8-K"},"filing_date":{"kind":"string","value":"2025-02-06"},"report_date":{"kind":"string","value":"2025-02-04"},"seq":{"kind":"string","value":"6"},"desc":{"kind":"string","value":"EXHIBIT 10.3"},"doc_type":{"kind":"string","value":"EX-10.3"},"size":{"kind":"string","value":"124017"},"filename":{"kind":"string","value":"tm2429763d9_ex10-3.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/890975/000110465925010085/tm2429763d9_ex10-3.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/62d9bdbec8b66dceb79cd316b5054512f945c031.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2025-02-06\", \"Accepted\": \"2025-02-06 15:58:52\", \"Documents\": \"9\", \"Period of Report\": \"2025-02-04\", \"Items\": \"Item 1.01: Entry into a Material Definitive Agreement\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.3\n<SEQUENCE>6\n<FILENAME>tm2429763d9_ex10-3.htm\n<DESCRIPTION>EXHIBIT 10.3\n<TEXT>\n<HTML>\n<HEAD>\n <TITLE></TITLE>\n</HEAD>\n<BODY STYLE=\"font: 10pt Times New Roman, Times, Serif\">\n\n<P STYLE=\"margin: 0\"> </P>\n\n<P STYLE=\"text-align: right; margin: 0\"><FONT STYLE=\"text-transform: uppercase\"><B>exhibit</B></FONT><B> 10.3</B></P>\n\n<P STYLE=\"margin: 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center\">HONDA AUTO RECEIVABLES 2025-1 OWNER TRUST,<BR>\nas Issuer,</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center\">AMERICAN HONDA FINANCE CORPORATION,<BR>\nas Sponsor and Administrator,</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center\">AMERICAN HONDA RECEIVABLES LLC,<BR>\nas Depositor,</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center\">and</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase\">CITIBANK,\nN.A.,</FONT><BR>\nas Indenture Trustee</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center\">ADMINISTRATION AGREEMENT</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center\">Dated February 11, 2025</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 1 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center\"><FONT STYLE=\"text-transform: uppercase\">Table\nof Contents</FONT></P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" STYLE=\"font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse\">\n <TR STYLE=\"vertical-align: bottom\">\n <TD STYLE=\"width: 8%\"> </TD>\n <TD STYLE=\"width: 13%\"> </TD>\n <TD STYLE=\"width: 76%\"><U></U></TD>\n <TD STYLE=\"width: 3%\"><FONT STYLE=\"font-size: 10pt\"><U>Page</U></FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD> </TD>\n <TD> </TD>\n <TD> </TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.01</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Capitalized Terms; Interpretive Provisions</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">2</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.02</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Duties of the Administrator</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">2</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.03</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Records</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">9</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.04</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Compensation</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">9</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.05</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Additional Information to be Furnished to the Issuer</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">9</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.06</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Independence of the Administrator</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">9</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.07</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">No Joint Venture</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">9</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.08</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Other Activities of Administrator</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">9</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.09</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Term of Agreement; Resignation and Removal of Administrator</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">9</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.10</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Action Upon Termination, Resignation or Removal</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">11</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.11</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Notices</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">11</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.12</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Amendments</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">11</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.13</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Successors and Assigns</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">13</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.14</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Governing Law; Submission to Jurisdiction; Waiver of Jury Trial</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">13</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.15</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Headings</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">13</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.16</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Counterparts; Electronic Transmission</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">13</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.17</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Severability</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">14</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.18</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Limitation of Liability of Owner Trustee and Indenture Trustee</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">14</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.19</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Third-Party Beneficiary</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">15</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.20</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Rights of the Indenture Trustee</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">15</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Section 1.21</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">Additional Requirements of the Administrator</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">15</FONT></TD></TR>\n </TABLE>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" STYLE=\"font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse\">\n <TR STYLE=\"vertical-align: bottom\">\n <TD STYLE=\"width: 48%\"><FONT STYLE=\"font-size: 10pt\"><B><U>EXHIBITS</U></B></FONT></TD>\n <TD STYLE=\"width: 48%\"> </TD>\n <TD STYLE=\"width: 4%\"> </TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD> </TD>\n <TD> </TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD COLSPAN=\"2\"><FONT STYLE=\"font-size: 10pt\">Exhibit A - Form of Power of Attorney</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">A-1</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD COLSPAN=\"2\"><FONT STYLE=\"font-size: 10pt\">Exhibit B - Form of Annual Certification</FONT></TD>\n <TD><FONT STYLE=\"font-size: 10pt\">B-1</FONT></TD></TR>\n </TABLE>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right\"><U></U></P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\">-<!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->i<!-- Field: /Sequence -->-</P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">This Administration Agreement, dated February 11,\n2025 (this “<U>Agreement</U>”), is among Honda Auto Receivables 2025-1 Owner Trust, as issuer (the “<U>Issuer</U>”),\nAmerican Honda Finance Corporation (“<U>AHFC</U>”), as sponsor (in such capacity, the “<U>Sponsor</U>”) and administrator\n(in such capacity, the “<U>Administrator</U>”), American Honda Receivables LLC (“<U>AHR</U>”), as depositor (in\nsuch capacity, the “<U>Depositor</U>”), and Citibank, N.A., as indenture trustee (the “<U>Indenture Trustee</U>”).</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">WHEREAS, the Issuer was created pursuant to the\nTrust Agreement and is governed pursuant to the Amended and Restated Trust Agreement, dated as of the date hereof, among the Depositor,\nthe Owner Trustee and the Delaware Trustee;</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">WHEREAS, the Issuer is issuing 4.410% Asset Backed\nNotes, Class A-1, 4.53% Asset Backed Notes, Class A-2, 4.57% Asset Backed Notes, Class A-3 and 4.64% Asset Backed Notes,\nClass A-4 (collectively, the “<U>Notes</U>”) pursuant to an Indenture, dated as of the date hereof (the “<U>Indenture</U>”),\nbetween the Issuer and the Indenture Trustee;</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">WHEREAS, the Issuer has entered into certain agreements\nin connection with the issuance of the Notes and of certain beneficial ownership interests of the Issuer, including (i) the Indenture,\n(ii) a Sale and Servicing Agreement, dated as of the date hereof (the “<U>Sale and Servicing Agreement</U>”), among\nthe Issuer, AHR, as transferor (in such capacity, the “<U>Seller</U>”), and AHFC, as servicer (in such capacity, the “<U>Servicer</U>”),\n(iii) an Asset Representations Review Agreement, dated as of the date hereof (the “<U>Asset Representations Review Agreement</U>”),\namong the Issuer, AHFC, as sponsor and Servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer, and (iv) a\nLetter of Representations, dated as of the date hereof (the “<U>Note Depository Agreement</U>”) between the Issuer and the\nIndenture Trustee in favor of The Depository Trust Company (collectively with this Agreement, the Indenture, the Sale and Servicing Agreement,\nthe Asset Representations Review Agreement and the Amended and Restated Trust Agreement, the “<U>Related Documents</U>”);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">WHEREAS, pursuant to the Related Documents, the\nIssuer and the Owner Trustee are required to perform certain duties in connection with (i) the Notes and the collateral therefor\npledged pursuant to the Indenture (the “<U>Collateral</U>”) and (ii) the beneficial ownership interests in the Issuer\n(the registered holders of such interests being referred to herein as the “<U>Owners</U>”);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">WHEREAS, the Issuer and the Owner Trustee desire\nto have the Administrator perform certain duties of the Issuer and the Owner Trustee referred to in the preceding clause and to provide\nsuch additional services consistent with the terms of this Agreement and the other Related Documents as the Issuer and the Owner Trustee\nmay from time to time request; and</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">WHEREAS, the Administrator has the capacity to\nprovide the services required hereby and is willing to perform such services for the Issuer and the Owner Trustee on the terms set forth\nherein;</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">NOW, THEREFORE, in consideration of the mutual\nagreements herein contained, and of other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged,\nthe parties hereto agree as follows:</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 3 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">Section 1.01      <U>Capitalized\nTerms; Interpretive Provisions</U>.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(a)            Capitalized\nterms used herein that are not otherwise defined shall have the meanings ascribed thereto or incorporated by reference in the Sale and\nServicing Agreement</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(b)            For\nall purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires, (i) terms used\nin this Agreement include, as appropriate, all genders and the plural as well as the singular, (ii) references to this Agreement\ninclude all Exhibits hereto, (iii) references to words such as “herein”, “hereof” and the like shall refer\nto this Agreement as a whole and not to any particular part, Article or Section within this Agreement, (iv) the term “include”\nand all variations thereof shall mean “include without limitation”, (v) the term “or” shall include “and/or”\nand (vi) the term “proceeds” shall have the meaning ascribed to such term in the UCC.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">Section 1.02      <U>Duties\nof the Administrator</U>.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(a)            The\nAdministrator agrees to perform all its duties as Administrator and, except as specifically excluded herein, agrees to perform all the\nduties of the Issuer and the Owner Trustee under the Related Documents. In addition, the Administrator shall consult with the Owner Trustee\nregarding the duties of the Issuer or the Owner Trustee under the Related Documents. The Administrator shall monitor the performance\nof the Issuer and shall advise the Owner Trustee when action is necessary to comply with the respective duties of the Issuer and the\nOwner Trustee under the Related Documents. The Administrator shall prepare for execution by the Issuer or the Owner Trustee, or shall\ncause the preparation by other appropriate persons of, all such documents, reports, notices, filings, instruments, certificates and opinions\nthat it shall be the duty of the Issuer or the Owner Trustee to prepare, file or deliver pursuant to the Related Documents. In furtherance\nof the foregoing, the Administrator shall take (or, in the case of the immediately preceding sentence, cause to be taken) all appropriate\naction that the Issuer or the Owner Trustee is required to take pursuant to the Indenture including, without limitation, such of the\nforegoing as are required with respect to the following matters under the Indenture (references are to Sections of the Indenture):</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(i) the preparation of or obtaining\nof the documents and instruments required for execution and authentication of the Notes and delivery of the same to the Indenture Trustee\n(Section 2.02);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(ii) the duty to cause the Note\nRegister to be kept and to give the Indenture Trustee notice of any appointment of a new Note Registrar and the location, or change in\nlocation, of the Note Register (Section 2.04);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(iii) the notification to the\nNoteholders and the Rating Agencies of the final principal payment on the Notes and termination of the Trust (Section 2.07(b));</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(iv) the fixing or causing to\nbe fixed of any special record date and the notification of the Indenture Trustee and Noteholders with respect to special payment dates,\nif any (Section 2.07(c));</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 4; Options: NewSection; Value: 2 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(v) the preparation of Definitive\nNotes in accordance with the instructions of the Clearing Agency (Section 2.11);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(vi) the preparation, obtaining\nor filing of the instruments, opinions and certificates and other documents required for the release of collateral (Section 2.12);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(vii) the duty to cause newly\nappointed Paying Agents, if any, to deliver to the Indenture Trustee the instrument specified in the Indenture regarding funds held in\ntrust (Section 3.03);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(viii) the direction to the Indenture\nTrustee to deposit monies with Paying Agents, if any, other than the Indenture Trustee (Section 3.03);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(ix) the obtaining and preserving\nof the Issuer’s qualification to do business in each jurisdiction in which any such qualification is or will be necessary to protect\nthe validity and enforceability of the Receivables, the Indenture, the Notes and the Noteholders’ interest in the Collateral (Section 3.04);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(x) the preparation of all supplements\nand amendments to the Indenture and all financing statements, continuation statements, instruments of further assurance and other instruments\nand the taking of such other action as are necessary or advisable to protect the Owner Trust Estate (Section 3.05);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xi) the delivery to the Indenture\nTrustee of the Opinion of Counsel on the Closing Date and the annual delivery to the Indenture Trustee of Opinions of Counsel as to the\nOwner Trust Estate, and the annual delivery of the Officer’s Certificate and certain other statements as to compliance with the\nIndenture (Sections 3.06 and 3.09);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xii) the identification to the\nIndenture Trustee in an Officer’s Certificate of a Person with whom the Issuer has contracted to perform its duties under the Indenture\n(Section 3.07(b));</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xiii) the notification to the\nIndenture Trustee, and with respect to each Rating Agency the responsibility of making such notice available, of each Servicer Default\nand, if such Servicer Default arises from the failure of the Servicer to perform any of its duties or obligations under the Sale and\nServicing Agreement with respect to the Receivables, the taking of all reasonable steps available to remedy such failure (Section 3.07(d));</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xiv) the preparation and obtaining\nof documents and instruments required for the release of the Issuer from its obligations upon the merger or consolidation of the Issuer\nunder the Indenture and the obtaining of the Opinion of Counsel and the Officer’s Certificate relating thereto (Section 3.10);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xv) the duty to cause the Servicer\nto comply with Sections 3.10, 3.11, 3.12, 4.10 and Article Eight of the Sale and Servicing Agreement (Section 3.14);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xvi) if the Delinquency Percentage\nfor any Payment Date exceeds the Delinquency Trigger for that Payment Date, the duty to direct the Servicer to include notice of such\noccurrence in the monthly distribution report filed by the Depositor on Form 10-D, which notice shall (a) state that the Delinquency\nPercentage has exceeded the Delinquency Trigger in respect of that Collection Period (including reasonably detailed calculations thereof)\nand (b) describe the rights of the Investors regarding an Asset Representations Review of all of the Subject Receivables pursuant\nto the Asset Representations Review Agreement;</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 5; Value: 2 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xvii) the delivery of written\nnotice to the Indenture Trustee and each Rating Agency of each Event of Default and each default by the Servicer or the Seller of its\nobligations under the Sale and Servicing Agreement (Section 3.19);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xviii) the monitoring of the\nIssuer’s obligations as to the satisfaction and discharge of the Indenture and the preparation of an Officer’s Certificate\nand the obtaining of the Opinion of Counsel and the Independent Certificate relating thereto (Section 4.01);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xix) the preparation and delivery\nof written notice in the form of an Officer’s Certificate to a Responsible Officer of the Indenture Trustee of any Event of Default,\nthe status of such Event of Default and what action the Issuer is taking or proposes to take with respect thereto (Section 5.01);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xx) the compliance with Section 5.04\nof the Indenture with respect to the sale of the Owner Trust Estate in a commercially reasonable manner if an Event of Default shall\nhave occurred and be continuing (Section 5.04);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xxi) the preparation and delivery\nof notice to Noteholders of the removal of the Indenture Trustee and the appointment of a successor Indenture Trustee (Section 6.08);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xxii) the preparation and delivery\nto each Noteholder such information as may be required to enable such holder to prepare its U.S. federal and state income tax returns\n(Section 6.06);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xxiii) the preparation of any\nwritten instruments required to confirm more fully the authority of any co-trustee or separate trustee and any written instruments necessary\nin connection with the resignation or removal of the Indenture Trustee or any co-trustee or separate trustee (Sections 6.08 and 6.10);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xxiv) the delivery to the Indenture\nTrustee with the names and addresses of Noteholders during any period when the Indenture Trustee is not the Note Registrar (Section 7.01);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xxv) the preparation and, after\nexecution by the Issuer, the filing with the Commission, any applicable state agencies and the Indenture Trustee of documents required\nto be filed on a periodic basis with, and summaries thereof as may be required by rules and regulations prescribed by, the Commission\nand any applicable state agencies and the transmission of such summaries, as necessary, to the Noteholders (Section 7.03);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 6; Value: 2 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xxvi) the opening of one or more\naccounts in the Issuer’s name and the taking of all other actions necessary with respect to investment and reinvestment of funds\nin the Accounts (Sections 8.02 and 8.03);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xxvii) the preparation of an\nIssuer Request and Officer’s Certificate and the obtaining of an Opinion of Counsel and Independent Certificates, if necessary,\nfor the release of the Owner Trust Estate (Sections 8.04 and 8.05);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xxviii) the preparation of Issuer\nRequests, the obtaining of Opinions of Counsel and the certification to the Indenture Trustee with respect to the execution of supplemental\nindentures and the mailing to the Noteholders, and with respect to the Rating Agencies the duty to make available to each Rating Agency,\nof notices with respect to such supplemental indentures (Sections 9.01 and 9.02);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xxix) the execution and delivery\nof new Notes conforming to any supplemental indenture (Section 9.06);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xxx) the duty to notify the Indenture\nTrustee, and with respect to each Rating Agency the duty to make such notice available to each Rating Agency, of redemption of the Notes\nand to cause the Indenture Trustee to provide such notification to the Noteholders (Sections 10.01 and 10.02);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xxxi) the preparation and delivery\nof all Officer’s Certificates, Opinions of Counsel and Independent Certificates with respect to any requests by the Issuer to the\nIndenture Trustee to take any action under the Indenture (Section 11.01(a));</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xxxii) the preparation and delivery\nof Officer’s Certificates and the obtaining of Independent Certificates, if necessary, for the release of property from the Lien\nof the Indenture (Section 11.01(b));</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xxxiii) the notification to each\nRating Agency of any request, demand, authorization, direction, notice, consent, waiver or Act of Noteholders or other documents provided\nor permitted by the Indenture, upon the failure of the Issuer, the Owner Trustee or the Indenture Trustee to give such notification (Section 11.04);\nand</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(xxxiv) the recording of the Indenture,\nif applicable (Section 11.15).</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(b)           The\nAdministrator shall:</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(i) pay, on behalf of the Issuer,\nfrom time to time reasonable compensation to (A) the Indenture Trustee for all services rendered by the Indenture Trustee under\nthe Basic Documents and (B) the Owner Trustee and the Delaware Trustee for all services rendered under the Trust Agreement (in each\ncase which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(ii) except as otherwise expressly\nprovided in the Indenture, reimburse, on behalf of the Issuer, the Indenture Trustee upon its request for all reasonable expenses (including\nin connection with the removal and/or resignation of the Indenture Trustee in accordance with the Indenture), disbursements and advances\nincurred or made by the Indenture Trustee in accordance with any provision of the Basic Documents (including the reasonable compensation,\nexpenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to its\nwillful misconduct, negligence or bad faith;</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 7; Value: 2 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(iii) except as otherwise expressly\nprovided in the third sentence of Section 7.01 of the Trust Agreement, reimburse, on behalf of the Issuer, the Owner Trustee and\nthe Delaware Trustee upon either party’s request for all reasonable expenses (including in connection with the removal and/or resignation\nof the Owner Trustee or the Delaware Trustee, as applicable, in accordance with the Trust Agreement), disbursements and advances incurred\nor made by the Owner Trustee or the Delaware Trustee in accordance with any provision of the Trust Agreement (including reasonable compensation,\nexpenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to its\nwillful misconduct, gross negligence or bad faith; and</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(iv) indemnify, on behalf of the\nIssuer, the Indenture Trustee (in any and all of its capacities), the Owner Trustee and the Delaware Trustee, and its and their respective\nagents for, and hold them harmless against, any fee, cost, loss, liability or expense incurred without negligence (or, in the case of\nthe Owner Trustee or the Delaware Trustee only, gross negligence), willful misconduct or bad faith on their part, arising out of or in\nconnection with the acceptance or administration of the transactions contemplated by the Basic Documents, as the case may be, including\nthe reasonable costs and expenses of defending themselves against any claim or liability in connection with the exercise or performance\nof any of their powers or duties thereunder, and further including the fees, costs, and expenses (including reasonable attorneys’\nfees and expenses and court costs) of enforcing this indemnification.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">The obligations of the Administrator under this\nSection 1.02(b) shall survive the termination of this Agreement.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(c)            The\nAdministrator shall make available to each Rating Agency (i) notice of the occurrence and continuation of any Servicer Default and\nshall specify in such notice the action, if any, being taken in respect of such default pursuant to Section 3.07(d) of the\nIndenture; (ii) notice of each Event of Default and each default by the Servicer or the Seller of its obligations under the Sale\nand Servicing Agreement pursuant to 3.19 of the Indenture; (iii) notice of any merger, consolidation or conversion of the Indenture\nTrustee pursuant to Section 6.09 of the Indenture; (iv) notice of any supplemental indenture pursuant to Section 9.01\nand 9.02 of the Indenture; (v) notice of any redemption of the Notes pursuant to Section 10.01 of the Indenture; (vi) any\nServicer’s Certificate pursuant to Section 3.10 and in accordance with Section 3.15(b) of the Sale and Servicing\nAgreement; (vii) any annual statement of compliance of the Servicer pursuant to Section 3.11(a) and in accordance with\nSection 3.15(b) of the Sale and Servicing Agreement; (viii) any Officer’s Certificate specifying the nature and\nstatus of any event which would become a Servicer Default pursuant to Section 3.11(b) and in accordance with Section 3.15(b) of\nthe Sale and Servicing Agreement; (ix) any assessment of compliance and annual accountants’ report pursuant to Section 3.12\nand in accordance with Section 3.15(b) of the Sale and Servicing Agreement; (x) any statement to Securityholders pursuant\nto Section 4.10 and in accordance with Section 3.15(b) of the Sale and Servicing Agreement; (xi) any other report\nit may receive in connection the Sale and Servicing Agreement, the Trust Agreement or the Indenture in accordance with Section 3.15(b) of\nthe Sale and Servicing Agreement; (xii) notice of any merger, consolidation or assumptions of obligations of the Servicer pursuant\nto Section 6.03 of the Sale and Servicing Agreement; (xiii) notice of any Servicer Default and termination of the rights and\nobligations of the Servicer pursuant to Sections 7.01 and 7.03 of the Sale and Servicing Agreement; (xiv) notice of any amendment\nor consent pursuant to Section 9.01 of the Sale and Servicing Agreement; (xv) notice of the final payment of the Trust Certificates\npursuant to Section 9.01(c) of the Trust Agreement; (xvi) any acceptance of appointment of a successor Owner Trustee pursuant\nto Section 10.02 and 10.03 of the Trust Agreement; (xvii) any merger, conversion or consolidation of the Owner Trustee pursuant\nto Section 10.04 of the Trust Agreement; (xviii) notice of any amendment or consent and the substance of such amendment or\nconsent pursuant to Section 11.01 of the Trust Agreement; in the case of each of (i) through (xviii), promptly upon the Administrator\nbeing notified thereof by the Indenture Trustee, Owner Trustee or the Servicer, as applicable.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 8; Value: 2 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(d)            Notwithstanding\nanything in this Agreement or the Basic Documents to the contrary, in each instance in which notice must be made available to the Rating\nAgencies for purpose of satisfying the Rating Agency Condition, such notice shall be made available by the Administrator and, to the\nextent such notice is only provided through a website post, the Administrator shall inform or cause each Rating Agency to be informed\nin writing (including by electronic email) that a notice has been posted.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(e)            In\naddition to the duties set forth in Sections 1.02(a), (b), (c) and (d), the Administrator shall perform such calculations and shall\nprepare or shall cause the preparation by other appropriate Persons of, and shall execute on behalf of the Issuer, all such documents,\nnotices, reports, filings, instruments, certificates and opinions that the Issuer or the Owner Trustee are required to prepare, file\nor deliver pursuant to the Related Documents, and at the request of the Owner Trustee shall take all appropriate action that the Issuer\nor the Owner Trustee are required to take pursuant to the Related Documents. In furtherance thereof, the Issuer shall execute and deliver\nto the Administrator and to each successor Administrator appointed pursuant to the terms hereof, one or more powers of attorney substantially\nin the form of Exhibit A hereto, appointing the Administrator the attorney-in-fact of the Issuer for the purpose of executing on\nbehalf of the Issuer all such documents, reports, filings, instruments, certificates and opinions. Subject to Section 1.06, and\nin accordance with the directions of the Owner Trustee, the Administrator shall administer, perform or supervise the performance of such\nother activities in connection with the Collateral (including the Related Documents) as are not covered by any of the foregoing provisions\nand as are expressly requested by the Owner Trustee and are reasonably within the capability of the Administrator.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(f)            Notwithstanding\nanything in this Agreement or the Related Documents to the contrary, the Administrator shall be responsible for promptly notifying the\nOwner Trustee in the event that any withholding tax is imposed on the Issuer’s payments (or allocations of income) to a Trust Certificateholder\nas contemplated in Section 5.02(c) of the Trust Agreement. Any such notice shall specify the amount of any withholding tax\nrequired to be withheld by the Owner Trustee pursuant to such provision.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 9; Value: 2 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(g)            Notwithstanding\nanything in this Agreement or the Related Documents to the contrary, the Administrator shall be responsible for performance of the duties\nof the Owner Trustee set forth in Section 5.05 of the Trust Agreement with respect to, among other things, accounting and reports\nto Owners; provided, however, that the Owner Trustee shall retain responsibility for the distribution of the Internal Revenue Service\nSchedules K-1, necessary to enable each Owner to prepare its U.S. federal and state income tax returns; provided further, that such Internal\nRevenue Service Schedules K-1 have been prepared by the Administrator and delivered to the Owner Trustee.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(h)            The\nAdministrator shall perform any duties expressly required to be performed by the Administrator under the Trust Agreement or the Indenture.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(i)            In\ncarrying out the foregoing duties or any of its other obligations under this Agreement, the Administrator may enter into transactions\nor otherwise deal with any of its Affiliates; provided, however, that the terms of any such transactions or dealings shall be in accordance\nwith any directions received from the Issuer and shall be, in the Administrator’s opinion, no less favorable to the Issuer than\nwould be available from unaffiliated parties.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(j)            With\nrespect to matters that in the reasonable judgment of the Administrator are non-ministerial, the Administrator shall not take any action\nunless within a reasonable time before the taking of such action, the Administrator shall have notified the Owner Trustee of the proposed\naction and the Owner Trustee shall not have withheld consent or provided an alternative direction. For the purpose of the preceding sentence,\n “non-ministerial matters” shall include:</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(i) the initiation of any claim\nor lawsuit by the Issuer and the compromise of any action, claim or lawsuit brought by or against the Issuer (other than in connection\nwith the collection of the Receivables);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(ii) the appointment of successor\nNote Registrars, successor Paying Agents and successor Indenture Trustees pursuant to the Indenture or the appointment of successor Administrators\nor successor Servicers, or the consent to the assignment by the Note Registrar, any Paying Agent or Indenture Trustee of its obligations\nunder the Indenture; and</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(iii) the removal of the Indenture\nTrustee.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(k)            Notwithstanding\nanything to the contrary in this Agreement, the Administrator shall not be obligated to, and shall not, (i) make any payments to\nthe Noteholders under the Related Documents, (ii) sell the Owner Trust Estate pursuant to Section 5.04 of the Indenture, (iii) take\nany other action that the Issuer directs the Administrator not to take on its behalf or (iv) take any other action which may be\nconstrued as having the effect of varying the investment of the Trust Certificateholders.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 10; Value: 2 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Section 1.03      </FONT><U>Records</U>.\nThe Administrator shall maintain appropriate books of account and records relating to services performed hereunder, which books of account\nand records shall be accessible for inspection by the Issuer and the Depositor at any time during normal business hours.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Section 1.04      </FONT><U>Compensation</U>.\nAs compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses\nrelated thereto, the Administrator shall be entitled to an annual payment of compensation which shall be solely an obligation of the\nDepositor.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Section 1.05      </FONT><U>Additional\nInformation to be Furnished to the Issuer</U>. The Administrator shall furnish to the Issuer from time to time such additional information\nregarding the Collateral as the Issuer shall reasonably request.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Section 1.06      </FONT><U>Independence\nof the Administrator</U>. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject\nto the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations\nhereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or\nthe Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Section 1.07      </FONT><U>No\nJoint Venture</U>. Nothing contained in this Agreement (i) shall constitute the Administrator and either the Issuer or the Owner\nTrustee as members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) shall\nbe construed to impose any liability as such on any of them or (iii) shall be deemed to confer on any of them any express, implied\nor apparent authority to incur any obligation or liability on behalf of the others.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Section 1.08      </FONT><U>Other\nActivities of Administrator</U>. Nothing herein shall prevent the Administrator or its Affiliates from engaging in other businesses or,\nin its sole discretion, from acting in a similar capacity as an administrator for any other Person or entity, even though such person\nor entity may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture Trustee.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Section 1.09      </FONT><U>Term\nof Agreement; Resignation and Removal of Administrator</U>. This Agreement shall continue in force until the dissolution of the Issuer,\nupon which event this Agreement shall automatically terminate.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(a)            Subject\nto Sections 1.09(d) and 1.09(e), the Administrator may resign its duties hereunder by providing the Issuer with at least sixty (60)\ndays’ prior written notice.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(b)            Subject\nto Sections 1.09(d) and 1.09(e), the Issuer may remove the Administrator without cause by providing the Administrator with at least\nsixty (60) days’ prior written notice.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(c)            Subject\nto Sections 1.09(d) and 1.09(e), at the sole option of the Issuer, the Administrator may be removed immediately upon written notice\nof termination from the Issuer to the Administrator if any of the following events shall occur:</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 11; Value: 2 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(i) the Administrator shall fail\nto perform in any respect any of its covenants or agreements under this Agreement, which failure materially and adversely affects the\nrights of the Issuer or the Noteholders, and which continues unremedied for ninety (90) days after discovery thereof by the Administrator\nor receipt by the Administrator of written notice of the failure from the Indenture Trustee (acting at the direction of the Noteholders\nof at least 25% of the Outstanding Amount) or from the Noteholders of at least 25% of the Outstanding Amount; or</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">(ii)</FONT>any\nevent of insolvency occurs such that, with respect to the Administrator, (A) the filing of a decree or order for relief by a court\nhaving jurisdiction in the premises in respect of the Administrator or any substantial part of its property in an involuntary case under\nany applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator,\nassignee, custodian, trustee, sequestrator or similar official for the Administrator or for any substantial part of its property, or\nordering the winding-up or liquidation of the Administrator’s affairs, and such decree or order shall remain unstayed and in effect\nfor a period of ninety (90) consecutive days; or (B) the commencement by the Administrator of a voluntary case under any applicable\nfederal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or the consent by the Administrator to the entry\nof an order for relief in an involuntary case under any such law, or the consent by the Administrator to the appointment of or taking\npossession by a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official for the Administrator or for any\nsubstantial part of its property, or the making by the Administrator of any general assignment for the benefit of creditors, or the failure\nby the Administrator generally to pay its debts as such debts become due, or the taking of action by the Administrator in furtherance\nof any of the foregoing.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">The Administrator agrees that if any of the events\nspecified in clause (ii) above shall occur, it shall give written notice thereof to the Issuer and the Indenture Trustee within\nten (10) Business Days after the occurrence of such event.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(d)            No\nresignation or removal of the Administrator pursuant to this Section shall be effective until (i) a successor Administrator\nshall have been appointed by the Issuer, (ii) such successor Administrator shall have agreed in writing to be bound by the terms\nof this Agreement in the same manner as the Administrator is bound hereunder and (iii) such successor Administrator shall have agreed\nto coordinate with the Depositor or AHFC regarding communications to the Rating Agencies.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(e)            The\nappointment of any successor Administrator shall be effective only after satisfaction of the Rating Agency Condition with respect to\nthe proposed appointment.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(f)            Subject\nto Sections 1.09(d) and 1.09(e), the Administrator acknowledges that upon the appointment of a successor Servicer pursuant to the\nSale and Servicing Agreement, the Administrator shall immediately resign and such successor Servicer shall automatically become the Administrator\nunder this Agreement.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 12; Value: 2 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(g)            The\nIssuer, subject to Section 1.13 hereof, may waive in writing any failure by the Administrator in the performance of its obligations\nhereunder and its consequences. Upon any such waiver of a past failure by the Administrator, such failure shall cease to exist, and any\nfailure arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any\nsubsequent or other failure by the Administrator or impair any right consequent thereon.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Section 1.10      </FONT><U>Action\nUpon Termination, Resignation or Removal</U>. Promptly upon the effective date of termination of this Agreement pursuant to the first\nsentence of Section 1.09 or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectively,\nthe Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation\nor removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 deliver to the\nIssuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation\nor removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectively, the Administrator shall cooperate with\nthe Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Section 1.11      </FONT><U>Notices</U>.\n(a) All demands, notices and communications hereunder shall be in writing and shall be delivered or mailed by United States mail,\npostage prepaid, hand delivery, overnight delivery service or by electronic mail (if an address therefore has been provided by the respective\nparty in writing), and addressed to each party to this Agreement at the address set forth on Schedule A to the Sale and Servicing Agreement,\nor to such other address as any party shall have provided to the other parties in writing.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(b)      (i)      Notices\nrequired to be given to each Rating Agency by the Administrator shall be in writing, personally delivered or mailed by certified mail,\nreturn receipt requested, electronic mail (if an address therefore has been provided by the respective party in writing) or overnight\ndelivery service to the address set forth for such Rating Agency on Schedule A to the Sale and Servicing Agreement, or at such other\naddress (including electronic mail addresses) as shall be designated by written notice to the party or parties providing notice under\nthis paragraph.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(ii) Notwithstanding Section 1.11(b)(i) above,\nnotices required to be given to each Rating Agency under this Agreement may be made available by the Administrator through a website\npost, provided that the Administrator shall inform or cause each Rating Agency to be informed in writing (including by electronic mail)\nthat a notice has been posted.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Section 1.12      </FONT><U>Amendments</U>.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(a)            Any\nterm or provision of this Agreement may be amended by the Sponsor, the Administrator, the Issuer and the Depositor without the consent\nof the Indenture Trustee, so long as there is no adverse effect on the Indenture Trustee, any Securityholders, the Issuer or any other\nPerson subject to the satisfaction of one of the following conditions:</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 13; Value: 2 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(i) the Sponsor or the Depositor\ndelivers an Opinion of Counsel to the Indenture Trustee to the effect that such amendment will not materially and adversely affect the\ninterests of any Noteholders; or</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(ii) the Rating Agency Condition\nis satisfied with respect to such amendment and the Sponsor or the Administrator notifies the Indenture Trustee in writing that the Rating\nAgency Condition is satisfied with respect to such amendment;</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\"><U>provided</U></FONT>, that\nin the event that any Trust Certificates are then held by anyone other than the Depositor or any of its Affiliates, this Agreement may\nonly be amended by the Sponsor, the Administrator, the Issuer and the Depositor if (i) the Certificateholders evidencing a majority\nof the Certificate Balance of the Trust Certificates consent to such amendment or (ii) such amendment shall not, as evidenced by\nan Officer’s Certificate of the Administrator or the Depositor or an Opinion of Counsel delivered to the Owner Trustee, materially\nand adversely affect the interests of the Certificateholders.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(b)            This\nAgreement may also be amended from time to time by the Sponsor, the Administrator and the Depositor, without the consent of the Indenture\nTrustee, so long as there is no adverse effect on the Indenture Trustee, and with the written consent of the Noteholders evidencing not\nless than a majority of the Outstanding Amount of the Notes and the consent of the Certificateholders evidencing not less than a majority\nof all the percentage interests evidenced by the Certificates, for the purpose of adding any provisions to or changing in any manner\nor eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Securityholders.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(c)            Any\nterm or provision of this Agreement may also be amended from time to time by the Sponsor, the Administrator and the Depositor, for the\npurpose of conforming the terms of this Agreement to the description thereof in the Prospectus, without the consent of any Securityholders,\nthe Issuer or any other Person.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(d)            Promptly\nafter the execution of any such amendment, the Administrator shall furnish written notification of the substance of such amendment to\nthe Indenture Trustee and each Rating Agency. It shall not be necessary for the consent of Securityholders pursuant to this Section to\napprove the particular form of any proposed amendment or consent, but it shall be sufficient if such consent shall approve the substance\nthereof. The manner of obtaining such consents and of evidencing the authorization of Certificateholders of the execution thereof shall\nbe subject to such reasonable requirements as the Owner Trustee may require.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(e)            Prior\nto its execution of any amendment to this Agreement, the Owner Trustee and the Indenture Trustee shall be entitled to receive and rely\nupon an Opinion of Counsel, provided at the expense of the party requesting such amendment, that such amendment is authorized and permitted\nby this Agreement. No amendment that adversely affects the Trustees shall be effective without the prior written consent of the party\nadversely affected. The Trustees may, but shall not be obligated to, enter into any such amendment which affects the Owner Trustee’s,\nthe Delaware Trustee’s or the Indenture Trustee’s, as applicable, own rights, duties or immunities under this Agreement or\notherwise.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 14; Value: 2 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Section 1.13      </FONT><U>Successors\nand Assigns</U>. This Agreement may not be assigned by the Administrator unless such assignment is previously consented to in writing\nby the Issuer and the Owner Trustee and subject to the satisfaction of the Rating Agency Condition in respect thereof. An assignment\nwith such consent and satisfaction, if accepted by the assignee, shall bind the assignee hereunder in the same manner as the Administrator\nis bound hereunder. Notwithstanding the foregoing, this Agreement may be assigned by the Administrator without the consent of the Issuer\nor the Owner Trustee to a corporation or other organization that is a successor (by merger, consolidation or purchase of assets) to the\nAdministrator; provided, that such successor organization executes and delivers to the Issuer, the Owner Trustee and the Indenture Trustee\nan agreement, in form and substance reasonably satisfactory to the Owner Trustee and the Indenture Trustee, in which such corporation\nor other organization agrees to be bound hereunder by the terms of said assignment in the same manner as the Administrator is bound hereunder.\nSubject to the foregoing, this Agreement shall bind any successors or permitted assigns of the parties hereto.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Section 1.14      </FONT><U>Governing\nLaw; Submission to Jurisdiction; Waiver of Jury Trial</U>. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE\nOF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL\nBE DETERMINED IN ACCORDANCE WITH SUCH LAWS.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">Each of the parties hereto hereby submits to the\nexclusive jurisdiction of the United States District Court for the Southern District of New York and of any New York State court sitting\nin New York City for purposes of all legal proceedings arising out of or relating to this Agreement or the transactions contemplated\nhereby. Each of the parties hereto hereby further irrevocably waives any claim that any such courts lack jurisdiction over such party,\nand agrees not to plead or claim, in any legal action or proceeding with respect to this Agreement in any of the aforesaid courts, that\nany such court lacks jurisdiction over such party. Each of the parties hereto irrevocably waives, to the fullest extent permitted by\nlaw, any objection that it may now or hereafter have to the laying of the venue of any such proceeding brought in such a court and any\nclaim that any such proceeding brought in such a court has been brought in an inconvenient forum.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">Each party hereto hereby waives, to the fullest\nextent permitted by applicable law, any right it may have to a trial by jury in respect of any litigation directly or indirectly arising\nout of, under or in connection with this agreement.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Section 1.15      </FONT><U>Headings</U>.\nThe headings of the various Sections herein are for convenience of reference only and shall not define or limit any of the terms or provisions\nhereof.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Section 1.16      </FONT><U>Counterparts;\nElectronic Transmission</U>.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(a)            This\nAgreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original,\nbut all such counterparts shall together constitute but one and the same instrument. Delivery of an executed counterpart of a signature\npage of this Agreement by telecopy, e-mailed .pdf or any other electronic means that reproduces an image of the actual executed\nsignature page shall be effective as delivery of a manually executed counterpart of this Agreement. The words “execution,”\n “signed,” “signature,” “delivery,” and words of like import in or relating to any document to be\nsigned in connection with this Agreement and the transactions contemplated hereby shall be deemed to include electronic signatures, deliveries\nor the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually\nexecuted signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and\nas provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act or any other similar\nstate laws based on the Uniform Electronic Transactions Act.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 15; Value: 2 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(b)            The\nIndenture Trustee (in all of its capacities), the Owner Trustee, the Delaware Trustee and the Issuer are authorized to accept written\ninstructions, directions, reports, notices or other communications signed manually, by way of faxed signatures, or delivered by Electronic\nTransmission. In the absence of bad faith or negligence on its part, each of the Indenture Trustee (in all of its capacities), the Owner\nTrustee, the Delaware Trustee and the Issuer may conclusively rely on the fact that the Person sending instructions, directions, reports,\nnotices or other communications or information by Electronic Transmission is, in fact, a Person authorized to give such instructions,\ndirections, reports, notices or other communications or information on behalf of the party purporting to send such Electronic Transmission\nand, in the absence of bad faith or negligence, shall not have any liability for any losses, liabilities, costs or expenses incurred\nor sustained by any party as a result of such reliance upon or compliance with such instructions, directions, reports, notices or other\ncommunications or information to the Indenture Trustee (in all of its capacities), the Owner Trustee, the Delaware Trustee or the Issuer,\nincluding, without limitation, the risk of either the Indenture Trustee (in all of its capacities), the Owner Trustee, the Delaware Trustee\nor the Issuer acting on unauthorized instructions, notices, reports or other communications or information, and the risk of interception\nand misuse by third parties.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Section 1.17      </FONT><U>Severability</U>.\nAny provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective\nto the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition\nor unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">Section 1.18      <U>Limitation\nof Liability of Owner Trustee and Indenture Trustee</U>.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(a)            Notwithstanding\nanything contained herein to the contrary, this instrument has been countersigned by The Bank of New York Mellon, in its capacity as\nOwner Trustee of the Issuer and in no event shall The Bank of New York Mellon in its individual capacity have any liability for the representations,\nwarranties, covenants, agreements or other obligations of the Issuer hereunder, as to all of which recourse shall be had solely to the\nassets of the Issuer. For all purposes of this Agreement, in the performance of any duties or obligations of the Issuer hereunder, the\nOwner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the\nTrust Agreement as if specifically set forth herein.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 16; Value: 2 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(b)            Notwithstanding\nanything contained herein to the contrary, this Agreement has been executed Citibank, N.A., in its capacity as Indenture Trustee under\nthe Indenture and in no event shall Citibank, N.A., in its individual capacity, have any liability for the representations, warranties,\ncovenants, agreements or other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant\nhereto, as to all of which recourse shall be had solely to the assets of the Issuer.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Section 1.19      </FONT><U>Third-Party\nBeneficiary</U>. The Owner Trustee and the Delaware Trustee and other indemnitees hereunder are third-party beneficiaries to this Agreement\nand are entitled to the rights and benefits hereunder and may enforce the provisions hereof as if they were parties hereto.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Section 1.20      </FONT><U>Rights\nof the Indenture Trustee</U>. The Indenture Trustee (in all of its capacities) shall be afforded the same rights, protections, immunities\nand indemnities set forth in the Indenture as if specifically set forth herein.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">Section 1.21      <U>Additional\nRequirements of the Administrator</U>.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(a)            <U>Reporting\nRequirements</U>.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(i) If so requested by the Issuer\nfor the purpose of satisfying its reporting obligation under the Exchange Act with respect to any class of asset-backed securities, the\nAdministrator shall (i) notify the Issuer in writing of any material litigation or governmental proceedings pending against the\nAdministrator and (ii) provide to the Issuer a description of such proceedings.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(ii) As a condition to the succession\nto Administrator as administrator by any Person as permitted by Section 1.09 hereof the Administrator shall provide to the succeeding\nAdministrator, on behalf of the Issuer, at least ten (10) Business Days prior to the effective date of such succession or appointment,\n(x) written notice of such succession or appointment and (y) in writing all information in order to comply with its reporting\nobligation under Item 6.02 of Form 8-K with respect to any class of asset-backed securities.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(iii) In addition to such information\nas the Administrator, as administrator, is obligated to provide pursuant to other provisions of this Agreement, if so requested by the\nIssuer, the Administrator shall provide such information regarding the performance or servicing of the Receivables as is reasonably required\nto facilitate preparation of distribution reports in accordance with Item 1121 of Regulation AB.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(b)            <U>Administrator\nCompliance Statement</U>. On or before ninety (90) days after the end of each fiscal year, commencing with the fiscal year ended March 31<SUP>st\n</SUP>immediately following the Closing Date, the Administrator shall deliver to the Issuer a statement of compliance addressed to the\nIssuer and signed by an authorized officer of the Administrator to the effect that (i) a review of the Administrator’s activities\nduring the immediately preceding reporting year (or applicable portion thereof) and of its performance under this Agreement during such\nperiod has been made under such officer’s supervision, and (ii) to the best of such officer’s knowledge, based on such\nreview, the Administrator has fulfilled all of its obligations under this Agreement in all material respects throughout such reporting\nyear (or applicable portion thereof) or, if there has been a failure to fulfill any such obligation in any material respect, specifically\nidentifying each such failure known to such officer and the nature and the status thereof. If the Administrator is the same party as\nthe Servicer, such party’s compliance with Section 3.11(a) of the Sale and Servicing Agreement will satisfy the Administrator’s\nobligations set forth in this Section 1.21(b).</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 17; Value: 2 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(c)            <U>Report\non Assessment of Compliance and Attestation</U>. On or before ninety (90) days after the end of each fiscal year during which the Issuer\nis required to file a report on Form 10-K with the Securities and Exchange Commission, commencing with the fiscal year ended March 31<SUP>st\n</SUP>immediately following the Closing Date, the Administrator shall:</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(i) deliver to the Issuer and\nOwner Trustee a report (in form and substance reasonably satisfactory to the Issuer) regarding the Administrator’s assessment of\ncompliance with the Servicing Criteria during the immediately preceding reporting year, as required under Rules 13a-18 and 15d-18\nof the Exchange Act and Item 1122 of Regulation AB. Such report shall be addressed to the Issuer and the Owner Trustee and signed by\nan authorized officer of the Administrator, and shall address each of the Servicing Criteria applicable to the Administrator;</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(ii) deliver to the Issuer and\nthe Owner Trustee a report of a registered public accounting firm reasonably acceptable to the Issuer that attests to, and reports on,\nthe assessment of compliance made by the Administrator and delivered pursuant to the preceding paragraph. Such attestation shall be in\naccordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the Exchange Act; and</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in\">(iii) deliver to the Issuer and\nthe Owner Trustee and any other Person that will be responsible for signing the certification a Sarbanes Certification on behalf of an\nasset-backed issuer with respect to a securitization transaction a certification in the form attached hereto as Exhibit B.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\">The Administrator acknowledges that the parties identified in clause\n(a)(iii) above may rely on the certification provided by the Administrator pursuant to such clause in signing a Sarbanes Certification\nand filing such with the Commission. The Issuer will not request delivery of a certification under clause (a)(iii) above unless\nthe Depositor is required under the Exchange Act to file an annual report on Form 10-K with respect to an issuing entity whose asset\npool includes the Receivables.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">If the Administrator is the same party as the\nServicer, such party’s compliance with Section 3.12 of the Sale and Servicing Agreement will satisfy the Administrator’s\nobligations set forth in this Section 1.21(c).</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">(d)            <U>Intent\nof the Parties; Reasonableness</U>. The Issuer and the Administrator acknowledge and agree that the purpose of Section 1.21 of this\nAgreement is to facilitate compliance by the Issuer with the provisions of Regulation AB and related rules and regulations of the\nCommission.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 18; Value: 2 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">Neither the Issuer nor the Administrator shall\nexercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes\nother than compliance with the federal securities laws, including the Securities Act, the Exchange Act and the rules and regulations\nof the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act).\nThe Administrator acknowledges that the requirements of, and that the interpretations of the requirements of Regulation AB may change\nover time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed\nsecurities markets, advice of counsel, amendments to the regulation, or otherwise, and agrees to comply with requests made by the Indenture\nTrustee, the Servicer or any other party to the Transaction Documents in good faith for delivery of information under these provisions\non the basis of evolving interpretations and rules of Regulation AB. In connection therewith, the Administrator shall deliver to\nthe Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information\nnecessary in the good faith determination of the Issuer, to permit the Issuer to comply with the provisions of Regulation AB.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">The Issuer (including any of its assignees or\ndesignees) shall provide timely notice of requests for information under these provisions and reasonably limit such requests to information\nrequired to comply with Regulation AB.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 19; Value: 2 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">IN WITNESS WHEREOF, the parties hereto have caused\nthis Agreement to be duly executed and delivered as of the day and year first above written.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" STYLE=\"font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse\">\n <TR>\n <TD STYLE=\"vertical-align: top\"> </TD>\n <TD COLSPAN=\"2\" STYLE=\"vertical-align: bottom\"><FONT STYLE=\"font-size: 10pt\"><B>HONDA AUTO RECEIVABLES 2025-1 OWNER TRUST</B>, <BR>\nas Issuer</FONT></TD></TR>\n <TR>\n <TD STYLE=\"vertical-align: top; width: 50%\"> </TD>\n <TD STYLE=\"vertical-align: bottom; width: 4%\"> </TD>\n <TD STYLE=\"vertical-align: bottom; width: 46%\"> </TD></TR>\n <TR>\n <TD STYLE=\"vertical-align: top\"> </TD>\n <TD STYLE=\"text-align: left; vertical-align: top\"><FONT STYLE=\"font-size: 10pt\">By:</FONT></TD>\n <TD STYLE=\"vertical-align: bottom\"><FONT STYLE=\"font-size: 10pt\">THE BANK OF NEW YORK MELLON, not in its individual capacity but solely as Owner Trustee</FONT></TD></TR>\n </TABLE>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" STYLE=\"font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse\">\n <TR STYLE=\"vertical-align: bottom\">\n <TD STYLE=\"width: 50%\"> </TD>\n <TD STYLE=\"width: 4%\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">By:</FONT></TD>\n <TD STYLE=\"border-bottom: Black 1pt solid; width: 46%\"> </TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\"> </FONT></TD>\n <TD><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Name: </FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\"> </FONT></TD>\n <TD><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Title:</FONT></TD></TR>\n </TABLE>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<TABLE CELLPADDING=\"0\" CELLSPACING=\"0\" STYLE=\"border-collapse: collapse; width: 100%\">\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD COLSPAN=\"2\" STYLE=\"font: 10pt Times New Roman, Times, Serif\"> </TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD COLSPAN=\"2\" STYLE=\"font: bold 10pt Times New Roman, Times, Serif\">AMERICAN HONDA RECEIVABLES LLC<FONT STYLE=\"font-style: normal; font-weight: normal\">,<BR>\nas\n Depositor</FONT></TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD COLSPAN=\"2\" STYLE=\"font: 10pt Times New Roman, Times, Serif\"> </TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD STYLE=\"width: 50%\"> </TD>\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif; width: 4%\">By: </TD>\n <TD STYLE=\"border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%\"> </TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif\"> </TD>\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif\">Name:Paul C. Honda</TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif\"> </TD>\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif\">Title:Treasurer</TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif\"> </TD>\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif\"> </TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD COLSPAN=\"2\" STYLE=\"font: bold 10pt Times New Roman, Times, Serif\">CITIBANK, N.A.,</TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD COLSPAN=\"2\" STYLE=\"font: 10pt Times New Roman, Times, Serif\">not in its individual capacity but solely<BR> as Indenture Trustee</TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD COLSPAN=\"2\" STYLE=\"font: 10pt Times New Roman, Times, Serif\"> </TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif\">By:</TD>\n <TD STYLE=\"border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif\"> </TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif\"> </TD>\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif\">Name:</TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif\"> </TD>\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif\">Title:</TD></TR>\n </TABLE>\n\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in\"> </P>\n\n<TABLE CELLPADDING=\"0\" CELLSPACING=\"0\" STYLE=\"border-collapse: collapse; width: 100%\">\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD COLSPAN=\"2\" STYLE=\"font: 10pt Times New Roman, Times, Serif\"><B>AMERICAN HONDA FINANCE CORPORATION,</B> <B><BR>\n </B>as Administrator</TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD COLSPAN=\"2\" STYLE=\"font: 10pt Times New Roman, Times, Serif\"> </TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD STYLE=\"width: 50%\"> </TD>\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif; width: 4%\">By:</TD>\n <TD STYLE=\"border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%\"> </TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif\"> </TD>\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif\">Name:Paul C. Honda</TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD> </TD>\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif\"> </TD>\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif\">Title:Vice President and Assistant Secretary</TD></TR>\n </TABLE>\n\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 20; Options: NewSection; Value: 1 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><TABLE CELLSPACING=\"0\" CELLPADDING=\"0\" STYLE=\"font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse\"><TR><TD STYLE=\"vertical-align: top; width: 45%; text-align: right\"> </TD><TD STYLE=\"vertical-align: bottom; width: 10%; text-align: center\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></FONT></TD><TD STYLE=\"text-align: right; vertical-align: bottom; width: 45%\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\"><I>HAROT 2025-1</I></FONT></TD></TR><TR><TD STYLE=\"vertical-align: top\"> </TD><TD STYLE=\"vertical-align: bottom\"> </TD><TD STYLE=\"text-align: right; vertical-align: bottom\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\"><I>Administration Agreement</I></FONT></TD></TR></TABLE></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right\"><U>EXHIBIT A</U></P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center\">POWER OF ATTORNEY PURSUANT TO<BR>\nSECTION 1.02(c) OF ADMINISTRATION AGREEMENT</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">KNOW ALL MEN BY THESE PRESENTS, that Honda Auto\nReceivables 2025-1 Owner Trust, a Delaware statutory trust (the “<U>Grantor</U>”), does hereby appoint American Honda Finance\nCorporation, a California corporation (the “<U>Grantee</U>”), located at 1919 Torrance Blvd. 5<SUP>th</SUP> Floor, Torrance,\nCalifornia 90501, as its attorney-in-fact with full power of substitution and hereby authorizes and empowers the Grantee, in the name\nof and on behalf of the Grantor, to take the following actions from time to time with respect to the duties of the Administrator under\nthe Administration Agreement, dated February 11, 2025 (the “<U>Administration Agreement</U>”), among the Grantor, the\nAdministrator, American Honda Receivables LLC, as depositor, and Citibank, N.A., as indenture trustee, for the purpose of executing on\nbehalf of the Grantor all such documents, reports, filings, instruments, certificates and opinions required pursuant to the Related Documents:</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">The Grantee is hereby empowered to do any and\nall lawful acts necessary or desirable to effect the performance of the duties under the Administration Agreement and the Grantor hereby\nratifies and confirms any and all lawful acts the Grantee shall undertake pursuant to and in conformity with this Power of Attorney.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">This Power of Attorney is revocable in whole or\nin part as to the powers herein granted upon notice by the Grantor. If not earlier revoked, this Power of Attorney shall expire completely\nor, if so indicated, in part, upon the earlier of (i) the termination of the Amended and Restated Trust Agreement, dated February 11,\n2025 (the “<U>Trust Agreement</U>”), among American Honda Receivables LLC, as depositor, The Bank of New York Mellon, as\nowner trustee and BNY Mellon Trust of Delaware, as Delaware trustee, or (ii) the termination of the Administration Agreement, as\neach may be amended, restated or supplemented from time to time. Capitalized terms used herein that are not otherwise defined shall have\nthe meanings ascribed thereto in the Trust Agreement or the Administration Agreement, as the case may be.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\"><FONT STYLE=\"text-transform: uppercase\"><B>This\nPower of Attorney shall be created under and governed and construed under the internal laws of the State of New York.</B></FONT></P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">The Grantor executes this Power of Attorney with\nthe intent to be legally bound hereby, and with the intent that such execution shall have the full dignity afforded by the accompanying\nwitnessing and notarization and all lesser dignity resulting from the absence of such witnessing and notarization or any combination\nthereof.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 21; Options: NewSection; Value: 1 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">Dated this ___ day of ______________.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in\">HONDA AUTO RECEIVABLES 2025-1 OWNER TRUST, as Issuer</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<TABLE CELLPADDING=\"0\" CELLSPACING=\"0\" STYLE=\"font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%\"><TR STYLE=\"vertical-align: top; text-align: justify\">\n<TD STYLE=\"width: 50%\"></TD><TD STYLE=\"width: 4%; text-align: left\">By:</TD><TD STYLE=\"text-align: justify; width: 46%\">THE BANK OF NEW YORK MELLON, not in its individual capacity\nbut solely as Owner Trustee</TD>\n</TR></TABLE>\n\n\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<TABLE CELLPADDING=\"0\" CELLSPACING=\"0\" STYLE=\"font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%\"><TR STYLE=\"vertical-align: top; text-align: justify\">\n<TD STYLE=\"width: 50%\"></TD><TD STYLE=\"width: 4%; text-align: left\">By:</TD><TD STYLE=\"border-bottom: Black 1pt solid; text-align: justify; width: 46%\"></TD>\n</TR>\n<TR STYLE=\"vertical-align: top; text-align: justify\">\n<TD></TD><TD STYLE=\"text-align: left\"> </TD><TD STYLE=\"text-align: justify\">Name:</TD>\n</TR>\n<TR STYLE=\"vertical-align: top; text-align: justify\">\n<TD></TD><TD STYLE=\"text-align: left\"> </TD><TD STYLE=\"text-align: justify\">Title:</TD>\n</TR></TABLE>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<TABLE CELLPADDING=\"0\" CELLSPACING=\"0\" STYLE=\"border-collapse: collapse; width: 100%\">\n <TR STYLE=\"vertical-align: bottom\">\n <TD COLSPAN=\"2\" STYLE=\"font: 10pt Times New Roman, Times, Serif\">Signed and delivered in the presence of.</TD>\n <TD> </TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD COLSPAN=\"2\" STYLE=\"border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif\"> </TD>\n <TD> </TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD COLSPAN=\"2\" STYLE=\"font: 10pt Times New Roman, Times, Serif\"> </TD>\n <TD> </TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD STYLE=\"font: 10pt Times New Roman, Times, Serif; width: 10%\">Address:</TD>\n <TD STYLE=\"border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 40%\"> </TD>\n <TD STYLE=\"width: 50%\"> </TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD COLSPAN=\"2\" STYLE=\"font: 10pt Times New Roman, Times, Serif\"> </TD>\n <TD> </TD></TR>\n <TR STYLE=\"vertical-align: bottom\">\n <TD COLSPAN=\"2\" STYLE=\"font: 10pt Times New Roman, Times, Serif\">[Unofficial Witness]</TD>\n <TD> </TD></TR>\n </TABLE>\n\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 22; Value: 1 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>\n <DIV STYLE=\"break-before: page; margin-top: 6pt; margin-bottom: 12pt\"><P STYLE=\"margin: 0pt\"> </P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right\"><U>EXHIBIT B</U></P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center\">FORM OF SARBANES CERTIFICATE</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\">I, [____________], certify that:</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">1.            I\nhave reviewed this report on Form 10-K and all reports on Form 10-D required to be filed in respect of the period covered by\nthis report on Form 10-K of Honda Auto Receivables 2025-1 Owner Trust (the “<U>Exchange Act periodic reports</U>”);</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">2.            Based\non my knowledge, the Exchange Act periodic reports, taken as a whole, do not contain any untrue statement of a material fact or omit\nto state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made,\nnot misleading with respect to the period covered by this report;</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">3.            Based\non my knowledge, all of the distribution, servicing and other information required to be provided under Form 10-D for the period\ncovered by this report is included in the Exchange Act periodic reports;</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">4.            I\nam responsible for reviewing the activities performed by the servicer and based on my knowledge and the compliance review conducted in\npreparing the servicer compliance statement required in this report under Item 1123 of Regulation AB, and except as disclosed in the\nExchange Act periodic reports, the servicer has fulfilled its obligations under the servicing agreement in all material respects; and</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in\">5.            All\nof the reports on assessment of compliance with servicing criteria for asset-backed securities and their related attestation reports\non assessment of compliance with servicing criteria for asset-backed securities required to be included in this report in accordance\nwith Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to this report, except\nas otherwise disclosed in this report. Any material instances of noncompliance described in such reports have been disclosed in this\nreport on Form 10-K.</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\">In giving the certifications above, I have reasonably relied\non information provided to me by the following unaffiliated parties: [_____________]</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"><FONT STYLE=\"font-family: Times New Roman, Times, Serif; font-size: 10pt\">Date:\n</FONT>[____________]</P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<TABLE CELLPADDING=\"0\" CELLSPACING=\"0\" BORDER=\"0\" STYLE=\"width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif\">\n<TR STYLE=\"vertical-align: top\">\n <TD> </TD>\n <TD>By:</TD>\n <TD STYLE=\"border-bottom: Black 1pt solid\"> </TD></TR>\n<TR STYLE=\"vertical-align: top\">\n <TD STYLE=\"width: 50%\"> </TD>\n <TD STYLE=\"width: 4%\">Name:</TD>\n <TD STYLE=\"width: 46%\">[__________]</TD></TR>\n\n<TR STYLE=\"vertical-align: top\">\n <TD> </TD>\n <TD>Title:</TD>\n <TD>[__________]</TD></TR>\n</TABLE>\n\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"> </P>\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n<!-- Field: Page; Sequence: 23; Options: NewSection Last; Value: 1 -->\n <DIV STYLE=\"margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid\"><P STYLE=\"font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt\">B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>\n <!-- Field: /Page -->\n\n<P STYLE=\"font: 10pt Times New Roman, Times, Serif; margin: 0pt 0\"></P>\n\n</BODY>\n</HTML>\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":98,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/826773/0000950134-00-008278-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/826773/0000950134-00-008278.txt"},"cik":{"kind":"string","value":"826773"},"name":{"kind":"string","value":"EVENTURES GROUP INC"},"type":{"kind":"string","value":"10-K"},"filing_date":{"kind":"string","value":"2000-09-28"},"report_date":{"kind":"string","value":"2000-06-30"},"seq":{"kind":"string","value":"5"},"desc":{"kind":"string","value":"EMPLOYMENT AGREEMENT, MARCH 10, 2000"},"doc_type":{"kind":"string","value":"EX-10.44"},"size":{"kind":"string","value":"65035"},"filename":{"kind":"string","value":"d80441ex10-44.txt"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/826773/000095013400008278/d80441ex10-44.txt"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/b8c75cb648c56efec6b922797469312c5b07baa9.txt"},"extension":{"kind":"string","value":"txt"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2000-09-28\", \"Accepted\": \"2000-09-28 00:00:00\", \"Documents\": \"12\", \"Period of Report\": \"2000-06-30\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.44\n<SEQUENCE>5\n<FILENAME>d80441ex10-44.txt\n<DESCRIPTION>EMPLOYMENT AGREEMENT, MARCH 10, 2000\n<TEXT>\n\n<PAGE> 1\n EXHIBIT 10.44\n\n\n EMPLOYMENT AGREEMENT\n\n\n This Agreement is made as of the 10th day of March, 2000\nbetween IGS Acquisition Corporation, a Texas corporation, with offices at 12200\nStemmons, Suite 315, Dallas, Texas 75234 (the \"Company\"), and David Link, an\nindividual residing in the State of Texas (the \"Employee\").\n\n RECITALS\n\n WHEREAS, the Company desires to secure the services and\nemployment of the Employee on behalf of the Company, and the Employee desires to\nenter into employment with the Company, upon the terms and conditions\nhereinafter set forth.\n\n NOW, THEREFORE, in consideration of the mutual covenants and\npromises contained herein, the parties hereto, each intending to be legally\nbound hereby, agree as follows:\n\n 1. Employment. The Company hereby employs the Employee as\nChief Executive Officer of the Company, and the Employee accepts such employment\nfor the term of employment specified in Section 3 below. During the Employment\nTerm (as defined below), the Employee shall serve as Chief Executive Officer,\nperforming such duties as shall be reasonably required of such an employee of\nthe Company, and shall have such other powers and perform such other additional\nexecutive duties as may from time to time be assigned to him by the Board of\nDirectors of the Company. The Company acknowledges that the Employee's primary\nplace of business shall be Dallas, Texas and the Employee acknowledges that in\nperformance of his duties hereunder, the Employee shall be required to travel to\nthe Company's facilities located throughout the United States.\n\n 2. Performance. The Employee will serve the Company faithfully\nand to the best of his ability and will devote substantially all of his time,\nenergy, experience and talents during regular business hours and as otherwise\nreasonably necessary to such employment, to the exclusion of all other business\nactivities.\n\n 3. Employment Term. The employment term shall begin on the\ndate of this Agreement and continue until and as set forth on Schedule 3, unless\nearlier terminated pursuant to Section 6 below (the \"Employment Term\").\n\n 4. Compensation.\n\n (a) Salary. During the Employment Term, the Company shall pay\nthe Employee the base salary set forth on Schedule 4(a), with such increases\nthereto as shall be in the sole discretion of the Board of Directors of the\nCompany. The base salary shall be payable in accordance with current Company\nprocedures and shall be subject to applicable withholding for taxes and the base\nsalary shall not be decreased by any amount or for any reason other than\npursuant to Section 7.\n\n\n\n<PAGE> 2\n\n\n (b) Incentive Cash Compensation. For each fiscal year of the\nCompany or portion thereof during the Employment Term, the Employee shall be\neligible for discretionary bonuses payable by the Company on such terms and\nconditions, and subject to such standards, as shall be determined from time to\ntime, in the sole discretion of the Board of Directors or the compensation\ncommittee of the Company.\n\n (c) Stock Options and Other Non-Cash Incentive Compensation.\n\n (i) During the Employment Term, the Employee shall be\neligible for discretionary non-cash awards pursuant to the Company's stock\nincentive plan and payable by the Company on such terms and conditions, and\nsubject to such standards, as shall be determined from time to time, in the sole\ndiscretion of the Board of Directors or the compensation committee of the\nCompany. All awards referred to in this Section 4(c)(i) shall have the terms and\nconditions as set forth in any award agreement pursuant to which such non-cash\nawards are granted. All awards will immediately vest upon the following\nenumerated events: (1) the Company terminates the Employee's employment\nhereunder without \"cause\" as provided in Section 6(c), or (2) the Employee\nterminates his employment hereunder for Good Reason as provided in Section 6(e).\n\n (ii) During the Employment Term, the Employee shall be\neligible to participate in the Company's 1999 Omnibus Securities Plan adopted\nand approved as of September 22, 1999, as amended October 14, 1999, and to\nreceive awards of options thereunder issued by the Company on such terms and\nconditions, and subject to such standards, as shall be determined from time to\ntime, in the sole discretion of the Board of Directors or the compensation\ncommittee of the Company. All awards will immediately vest upon the following\nenumerated events: (1) the Company terminates the Employee's employment\nhereunder without \"cause\" as provided in Section 6(c), (2) the Employee\nterminates his employment hereunder for Good Reason as provided in Section 6(e)\nor (3) a Change in Control occurs.\n\n (d) Medical and Dental Health and Other Benefits. During the\nEmployment Term, the Employee shall be entitled to medical and dental health and\nother benefits in accordance with the current Company procedures with respect to\nits executive level employees.\n\n (e) Vacation; Sick Leave. During the Employment Term, the\nEmployee shall be entitled to up to four weeks of vacation and shall be entitled\nto sick leave in accordance with the current Company procedures with respect to\nits executive level employees.\n\n (f) For purposes of this Section 4, the term \"Change in\nControl\" shall mean the occurrence of any of the following: (1) any \"person\" as\nsuch term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of\n1934 (\"Act\") (other than (a) Permitted Assignees, (b) the Company, (c) any\ntrustee or other fiduciary holding securities under any employee benefit plan of\nthe Company, (d) any company owned, directly or indirectly, by the stockholders\nof the Company in substantially the same proportions as their ownership of\ncommon stock of the Company, or (e) any entity holding non-participating shares\nof an entity which is a stockholder of the Company or which owns or controls,\ndirectly or indirectly, a stockholder of the Company) is or becomes the\n\"beneficial owner\" (as defined in Rule 13d-3 under the Act), directly or\n\n 2\n\n<PAGE> 3\n\n\nindirectly, of securities of the Company representing fifty percent (50%) or\nmore of the combined voting power of the Company's then outstanding securities.\n\"Permitted Assignees\" shall mean the holders of the equity securities (whether\nor not voting) of any shareholder of the Company owning more than fifteen\npercent (15%) of the Company on the date after the date of execution of this\nAgreement; (2) during any period of two (2) consecutive years, individuals who\nat the beginning of such period constitute the Board of Directors of the\nCompany, and any new director (other than a director designated by a person who\nhas entered into an agreement with the Company to effect a transaction described\nin clause (1), (3), or (4) of this paragraph) whose election by the Board of\nDirectors of the Company or nomination for election by the Company's\nstockholders was approved by a vote of at least two-thirds of the directors then\nstill in office who either were directors at the beginning of the two-year\nperiod or whose election or nomination for election was previously so approved,\ncease for any reason to constitute at least a majority of the Board of Directors\nof the Company; (3) a merger or consolidation of the Company with any other\ncorporation, other than a merger or consolidation which would result in the\nvoting securities of the Company outstanding immediately prior thereto\ncontinuing to represent (either by remaining outstanding or by being converted\ninto voting securities of the surviving entity) more than fifty percent (50%) of\nthe combined voting power of the voting securities of the Company or such\nsurviving entity outstanding immediately after such merger or consolidation;\nprovided, however, that a merger or consolidation effected to implement a\nrecapitalization of the Company (or similar transaction) in which no person\nacquires more than fifty percent (50%) of the combined voting power of the\nCompany's then outstanding securities shall not constitute a Change in Control\nof the Company; and provided, further, a merger or consolidation in which the\nCompany is the surviving entity (other than as a wholly owned subsidiary or\nanother entity) and in which the Board of Directors of the Company after giving\neffect to the merger or consolidation is comprised of a majority of members who\nare either (x) directors of the Company immediately preceding the merger or\nconsolidation, or (y) appointed to the Board of Directors of the Company by the\nCompany (or its Board of Directors) as an integral part of such merger or\nconsolidation, shall not constitute a Change in Control of the Company; or (4)\nthe stockholders of the Company approve a plan of complete liquidation of the\nCompany or the sale or disposition by the Company of all or substantially all of\nthe Company's assets other than (x) the sale or disposition of all or\nsubstantially all of the assets of the Company to a person or persons who\nbeneficially own, directly or indirectly, at least fifty percent (50%) or more\nof the combined voting power of the outstanding voting securities of the Company\nat the time of the sale or (y) pursuant to a dividend in kind or spinoff type\ntransactions, directly or indirectly, of such assets to the stockholders of the\nCompany.\n\n 5. Expenses. The Employee shall be reimbursed by the Company\nfor all reasonable expenses incurred by him in connection with the performance\nof his duties hereunder in accordance with policies established by the Board of\nDirectors of the Company from time to time and upon receipt of appropriate\ndocumentation.\n\n 6. Termination. The employment of the Employee hereunder shall\nautomatically terminate at the end of the Employment Term. The employment of the\nEmployee hereunder may also be terminated prior to the end of the Employment\nTerm under the following circumstances:\n\n 3\n\n<PAGE> 4\n\n\n (a) Death or Disability. The Employment Term shall terminate\nupon the death or Disability of the Employee. For purposes of this Agreement,\n\"Disability\" occurs if the Employee is unable to perform his duties, pursuant to\nthis Agreement, on a full-time basis because of mental or physical incapacity,\nincluding, without limitation, alcoholism or drug abuse, which requires a leave\nof absence in excess of 90 days during any calendar year. In the event the\nEmployee is a \"Qualified Individual with a Disability\", as defined in the\nAmericans with Disabilities Act, the Company shall not terminate the Employee's\nemployment hereunder if the Employee is able to perform the essential functions\nof the Employee's job with reasonable accommodation from the Company.\n\n (b) With \"Cause.\" For purposes of this Agreement, the Company\nshall have \"Cause\" to terminate the Employee's employment hereunder upon the\noccurrence of any of the following: (i) embezzlement, theft or other\nmisappropriation of any property of the Company or any of its subsidiaries by\nthe Employee, (ii) gross or willful misconduct by the Employee resulting in\nsubstantial loss to the Company or any of its subsidiaries or substantial damage\nto the reputation of the Company or any of its subsidiaries, (iii) any act by\nthe Employee involving moral turpitude which results in a conviction of, or a\npleading nolo contendere to, a felony or other crime involving moral turpitude,\nfraud or misrepresentation, (iv) willful and continued failure or neglect by the\nEmployee to substantially perform his assigned duties to the Company or any of\nits subsidiaries, (v) gross breach of the Employee's fiduciary obligations to\nthe Company or any of its subsidiaries, (vi) any chemical dependence which\nmaterially affects the performance of the Employee's duties and responsibilities\nto the Company or any of its subsidiaries, or (vii) commission of a felony or a\ncrime by the Employee involving moral turpitude or the commission of any other\nsignificant act by the Employee involving dishonesty, disloyalty or fraud with\nrespect to the Company; provided that in the case of the misconduct set forth in\nclauses (iv) and (vi) above, such misconduct shall continue for a period of 15\ndays following written notice thereof by the Company to the Employee.\n\n (c) Without \"Cause.\" Notwithstanding any provisions of this\nAgreement to the contrary, the Company may terminate the Employee's employment\nhereunder for any reason other than those specified in the foregoing paragraphs\n(a) and (b), or for no reason, at any time during the Employment Term, effective\nupon delivery of two (2) day's notice by the Company.\n\n (d) Voluntary resignation. The Employee may terminate his\nemployment hereunder at any time during the Employment Term subject only to the\nrequirement that the Employee shall provide the Company with a minimum of thirty\n(30) days prior written notice.\n\n (e) With \"Good Reason.\" Notwithstanding any provision of this\nAgreement to the contrary, the Employee may terminate his employment hereunder\nfor Good Reason, subject to the requirement that the Employee shall provide the\nCompany with a minimum of two (2) weeks prior written notice. For purposes of\nthis Agreement, the Employee shall have \"Good Reason\" to terminate his\nemployment hereunder upon the occurrence, without the Employee's written\nconsent, of any of the following: (i) a significant change in the nature or\nscope of the Employee's duties from those described in Section 1 above,\nincluding a material demotion or any assignment of duties materially and\nadversely inconsistent with Employee's position as Chief Executive Officer\n(except in connection with the termination of Employee's employment for\n\n\n\n 4\n<PAGE> 5\n\n\nCause or due to Disability or as a result of Employee's death, or temporarily as\na result of Employee's illness or other absence); (ii) a failure by the Company\nto pay to the Employee any amounts due under this Agreement in accordance with\nthe terms hereof, which failure is not cured within fifteen (15) days following\nreceipt by the Company of notice from the Employee of such failure; (iii) any\nother material breach by the Company of this Agreement that remains uncured for\nfifteen (15) days after written notice thereof by the Employee to the Company;\nor (iv) if the Company requires the Employee to relocate to an area more than\ntwenty-five (25) miles from the location of his office immediately prior to the\ndate first written above, and the Employee declines to so relocate.\n\n 7. Compensation upon Termination. The Employee shall be\nentitled to the following compensation from the Company, in lieu of all other\nsums owed or payable to the Employee hereunder, upon the termination of the\nEmployee's employment during the Employment Term of this Agreement.\n\n (a) Death or Disability. In the event of the death or\nDisability of the Employee during the Employment Term, except for amounts of\nbase salary and accrued vacation time earned by the Employee as of the date of\ntermination but not yet paid by the Company, the Company shall have no\nobligation to make payments to the Employee or his estate, in accordance with\nthe provisions of Section 4 or otherwise, for the periods after the date the\nEmployee's employment with the Company terminates on account of death or\nDisability.\n\n (b) With Cause. In the event that the Employee's employment is\nterminated by the Company for Cause, except for the amounts of base salary and\naccrued vacation time earned by the Employee as of the date of termination but\nnot yet paid by the Company, the Company shall have no obligation to make\npayments to the Employee, in accordance with the provisions of Section 4 or\notherwise, for the periods after the date the Employee's employment with the\nCompany terminates.\n\n (c) Without Cause. In the event that the Employee's employment\nis terminated by the Company without Cause at any time during the Employment\nTerm, or in the event the Company gives the Employee written notice, as provided\nin Schedule 3, that the Company does not intend to extend the Employment Term\nupon the current expiration date thereof, the Employee shall be entitled to\nreceive upon delivery to the Company of a general release and waiver releasing\nthe Company of all claims of the Employee (1) an amount equal to his base\nsalary, then in effect, for the remainder of the Employment Term or for six\nmonths, whichever is longer (the \"Severance Period\"), such amount to be payable,\nat the Company's option, in a lump sum on the date of termination or the date on\nwhich the Employment Term expires, as the case may be, or ratably over the\nSeverance Period and (2) the amounts of base salary and accrued vacation time\nearned by the Employee as of the date of termination but not yet paid by the\nCompany pursuant to Section 4.\n\n (d) Voluntary Resignation. In the event that the Employee's\nemployment is terminated by the Employee pursuant to Section 6(d), except for\namounts of base salary and accrued vacation time earned by the Employee as of\nthe date of termination but not yet paid by the Company pursuant to Section 4,\nthe Company shall have no obligation to make payments to\n\n\n\n 5\n<PAGE> 6\n\n\nthe Employee, in accordance with the provisions of Section 4 or otherwise, for\nthe periods after the date the Employee's employment with the Company terminates\non account of voluntary resignation. Notwithstanding any provision of this\nAgreement to the contrary, if the Employee's employment with the Company\nterminates on account of voluntary resignation for Good Reason, the Employee\nshall be entitled to receive (1) an amount equal to his base salary, then in\neffect, for the Severance Period, such amount to be payable, at the Company's\noption, in a lump sum on the date of termination, or ratably over the Severance\nPeriod and (2) the amounts of base salary and accrued vacation time earned by\nthe Employee as of the date of termination but not yet paid by the Company\npursuant to Section 4.\n\n 8. Non-Competition and Non-Solicitation.\n\n (a) (i) The Employee acknowledges that as a result of his\nemployment by the Company, the Employee will acquire knowledge of the trade and\nproprietary and confidential information as to the Company and its Affiliates\nand will create relationships with customers, suppliers and other persons\ndealing with the Company and its Affiliates and the Company and its Affiliates\nwill suffer substantial damage, which would be difficult to ascertain and is not\ncompensable by monetary damages, if the Employee should use such trade secrets\nor other proprietary and confidential information or take advantage of such\nrelationship and that because of the nature of the information that will be\nknown to the Employee and the relationships created, it is necessary for the\nCompany and its Affiliates to be protected by the prohibition against\nCompetition as set forth herein.\n\n (ii) The Employee acknowledges that the retention of\nnonclerical employees employed by the Company and its Affiliates in which the\nCompany and its Affiliates have invested training and depend on for the\noperation of their businesses is important to the businesses of the Company and\nits Affiliates, that the Employee will obtain unique information as to such\nemployees and will develop unique relationships with such persons as a result of\nbeing an employee of the Company and, therefore, it is necessary for the Company\nand its Affiliates to be protected from the Employee's Solicitation (as defined\nbelow) of such employees as set forth below.\n\n (iii) The Employee acknowledges that the provisions of\nthis Agreement are reasonable and necessary for the protection of the businesses\nof the Company and its Affiliates and that part of the compensation paid under\nthis Agreement and the agreement to pay compensation upon termination in certain\ninstances is in consideration for the agreements in this Section 8.\n\n (b) For the purposes of this Agreement, \"Competition\" shall\nmean: participating, directly or indirectly, as an individual proprietor,\npartner, stockholder, officer, employee, director, joint venturer, investor,\nlender, consultant or in any capacity whatsoever (within the United States of\nAmerica, or in any country where the Company or its Affiliates do business) in a\nCompeting Business (as defined below); provided, however, that such\nparticipation shall not include (i) the mere ownership of not more than three\npercent (3%) of the total outstanding stock of a publicly held company; or (ii)\nany activity engaged in with the prior written approval of the Board of\nDirectors of the Company.\n\n\n\n 6\n<PAGE> 7\n\n\n For the purposes of this Agreement, \"Competing Business\" shall\nmean any line of business engaged in by the Company and/or its subsidiaries\nand/or any entity in which the Company and/or its subsidiaries holds securities\n(other than entities in which the Company or its subsidiaries make a nominal\ninvestment) (i) from time to time (while Employee is employed by the Company) or\n(ii) at the time of termination (upon termination of Employee's employment).\n\n For the purposes of this Agreement, \"Affiliate\" of the Company\nshall mean any Person directly or indirectly controlling, controlled by, or\nunder common control with, the Company; provided that, for the purposes of this\ndefinition, \"control\" (including with correlative meanings, the terms\n\"controlled by\" and \"under common control with\"), as used with respect to the\nCompany, shall mean the possession, directly or indirectly, of the power to\ndirect or cause the direction of the management and polices of the Company,\nwhether through the ownership of voting securities or partnership interests, by\ncontract or otherwise.\n\n For purposes of this Agreement, \"Person\" shall mean and\ninclude an individual, a partnership, a joint venture, a corporation, a trust,\nan unincorporated organization, a group and a government or other department or\nagency thereof.\n\n (c) For purposes of this Agreement, \"Solicitation\" shall mean:\nrecruiting, soliciting or inducing, of any nonclerical employee or employees of\nthe Company or its Affiliates to terminate their employment with, or otherwise\ncease their relationship with, the Company or its Affiliates or hiring or\nassisting another person or entity to hire any nonclerical employee of the\nCompany or its Affiliates or any person who within twelve (12) months before had\nbeen a nonclerical employee of the Company or its Affiliates and were recruited\nor solicited for such employment or other retention while an employee of the\nCompany, provided, however, that Solicitation shall not include any of the\nforegoing activities engaged in with the prior written approval of the Board of\nDirectors of the Company.\n\n (d) If any restriction set forth with regard to Competition or\nSolicitation is found by any court of competent jurisdiction, or in arbitration,\nto be unenforceable because it extends for too long a period of time or over too\ngreat a range of activities or in too broad a geographic area, it shall be\ninterpreted to extend over the maximum period of time, range of activities or\ngeographic area as to which it may be enforceable. If any provision of this\nSection 8 shall be declared to be invalid or unenforceable, in whole or in part,\nas a result of the foregoing, as a result of public policy or for any other\nreason, such invalidity shall not affect the remaining provisions of this\nSection 8 which shall remain in full force and effect.\n\n (e) During the Employment Term and for two (2) years following\na termination of Employee's employment for any reason whatsoever, whether by the\nCompany or by the Employee and whether or not with Cause, Good Reason or\nnon-extension of the Employment Term, the Employee will not engage in\nSolicitation.\n\n (f) During the Employment Term and for the Restricted Period\n(as hereafter defined) following a termination of Employee's employment,\nEmployee will not enter into Competition with the Company. The \"Restricted\nPeriod\" shall mean (i) for a termination with Cause, two (2) years following the\ndate of termination, (ii) for termination without Cause by the\n\n\n\n 7\n<PAGE> 8\nCompany, or for Good Reason by the Employee, the period in which the Company is\nmaking payments to Employee as specified in Section 7 above, (iii) for\ntermination as a result of the voluntary resignation by the Employee without\nGood Reason, one (1) year from the date of termination, and (iv) for termination\nas a result of the Company giving Employee written notice, as provided in\nSchedule 3, that the Company does not intend to extend the Employment Term upon\nthe current expiration date thereof, six (6) months following the date of\ntermination.\n\n (g) In the event of a breach or potential breach of this\nSection 8, Employee acknowledges that the Company and its Affiliates will be\ncaused irreparable injury and that money damages may not be an adequate remedy\nand agree that the Company and its Affiliates shall be entitled to injunctive\nrelief (in addition to its other remedies at law) to have the provisions of this\nSection 8 enforced. It is hereby acknowledged that the provisions of this\nSection 8 are for the benefit of the Company and all of the Affiliates of the\nCompany and each such entity may enforce the provisions of this Section 8 and\nonly the applicable entity can waive the rights hereunder with respect to its\nconfidential information and employees.\n\n (h) Furthermore, in addition to and not in limitation of any\nother remedies provided herein or at law or in equity, in the event of breach of\nthis Section 8 by the Employee, while he is receiving amounts under Section 7(c)\nor (d) hereof, the Employee shall not be entitled to receive any future amounts\npursuant to Section 7(c) or (d) hereof and shall reimburse the Company for any\namounts previously paid to the Employee pursuant to Section 7(c) or (d) hereof.\n\n 9. Confidential Information, Inventions and Trade Secrets. As\na condition to the effectiveness of this Agreement, the Employee shall enter\ninto a Confidential Information and Invention Assignment Agreement,\nsubstantially in the form of Annex A attached hereto.\n\n 10. Arbitration\n\n (a) (i) Any dispute, controversy or claim arising out of,\nrelating to, or in connection with, this contract, or the breach, termination or\nvalidity thereof, shall be finally settled by arbitration. The arbitration shall\nbe conducted in accordance with the Commercial Arbitration Rules of the American\nArbitration Association in effect at the time of the arbitration, except as they\nmay be modified herein or by mutual agreement of the parties. The seat of the\narbitration shall be Dallas, Texas. Notwithstanding Section 12(c), the\narbitration and this clause shall be governed by the Federal Arbitration Act, 9\nU.S.C. Sections 1 et seq.\n\n (ii) The arbitration shall be conducted by three arbitrators.\nThe party initiating arbitration (the \"Claimant\") shall appoint an arbitrator in\nits request for arbitration (the \"Request\"). The other party (the \"Respondent\")\nshall appoint an arbitrator within 30 days of receipt of the Request and shall\nnotify the Claimant of such appointment in writing. If within 30 days of receipt\nof the Request by the Respondent, either party has not appointed an arbitrator,\nthen the arbitrator shall be appointed by the American Arbitration Association.\nThe first two arbitrators appointed in accordance with this provision shall\nappoint a third arbitrator within 30 days after the Respondent has notified\nClaimant of the appointment of the Respondent's arbitrator or, in the event of a\nfailure by a party to appoint, within 30 days after the American\n\n\n\n 8\n<PAGE> 9\n\n\nArbitration Association has notified the parties and any arbitrator already\nappointed of its appointment of an arbitrator on behalf of the party failing to\nappoint. When the third arbitrator has accepted the appointment, the two\narbitrators making the appointment shall promptly notify the parties of the\nappointment. If the first two arbitrators appointed fail to appoint a third\narbitrator or so to notify the parties of the appointment, the American\nArbitration Association shall appoint the third arbitrator and shall promptly\nnotify the parties of the appointment. The third arbitrator shall act as Chair\nof the tribunal.\n\n (iii) The arbitral award shall be in writing, state the\nreasons for the award, and be final and binding on the parties. The award shall\ninclude an award of costs, as set forth in Section 10(iv) below, including the\ncosts and expenses of the arbitration. Judgment upon the award may be entered by\nany court having jurisdiction thereof or having jurisdiction over the relevant\nparty or its assets. A request for interim measures by a party to a court shall\nnot be deemed incompatible with, or a waiver of, this agreement to arbitrate.\n\n (iv) Enforcement Costs. In the event that either the Company\nor the Employee initiates an arbitration, in accordance with this Section 10, to\nenforce any provision or term of this Agreement, the costs and expenses of the\narbitration (excluding attorney's fees) of the prevailing party shall be paid by\nthe other party, such party to be deemed to have prevailed if such arbitration\nis concluded pursuant to an order, award or final judgment of the arbitrators\nwhich is not subject to a modification, an appeal, a settlement agreement or a\ndismissal of the principle claims. Each party shall pay its own attorney's fees.\n\n 11. Notice. All notices, objections and other communications\nhereunder shall be in writing and shall be deemed to have been duly given if\npersonally delivered (return receipt requested) or mailed by certified mail\n(return receipt requested) or by Federal Express or another nationally\nrecognized courier service or by facsimile transmission upon electronic\nconfirmation of receipt thereof during normal business hours at the following\naddresses (or at such other address for a party as shall be specified by like\nnotice):\n\n If to the Employee:\n\n David Link\n 6223 Stichter Avenue\n Dallas, Texas 75230\n\n\n If to the Company:\n\n IGS Acquisition Corporation\n 12200 Stemmons, Suite 315\n Dallas, Texas 75234\n Attention: David N. Link\n Telephone: (972) 247-3883\n Facsimile Number: (972) 247-3870\n\n\n\n 9\n<PAGE> 10\n\n\n 12. General.\n\n (a) Construction and Severability. If any provision of this\nAgreement shall be held invalid, illegal or unenforceable in any jurisdiction,\nthe validity, legality and enforceability of the remaining provisions contained\nherein shall not in any way be affected or impaired, and the parties undertake\nto implement all efforts which are necessary, desirable and sufficient to amend,\nsupplement or substitute all and any such invalid, illegal or unenforceable\nprovisions with enforceable and valid provisions which would produce as nearly\nas may be possible the result previously intended by the parties without\nrenegotiation of any material terms and conditions stipulated therein.\n\n (b) Assignability. The Employee may not assign his interest in\nor delegate his duties under this Agreement. Notwithstanding anything else in\nthis Agreement to the contrary, the Company may assign this Agreement to and all\nrights hereunder shall inure to the benefit of any person, firm or corporation\nsucceeding to all or substantially all of the business or assets of the Company\nby purchase, merger or consolidation.\n\n (c) Governing Law. This Agreement shall be governed in all\nrespects, including as to validity, interpretation, construction, performance\nand effect, by the laws of the State of Texas applicable to contracts executed\nand to be performed entirely within said State.\n\n (d) Binding Effect. This Agreement is for the employment of\nthe Employee, personally, and for the services to be rendered by him must be\nrendered by him and no other person. This Agreement shall be binding upon and\ninure to the benefit of the Company and its successors and assigns.\n\n (e) Entire Agreement; Modification. This Agreement contains\nthe entire agreement of the parties hereto with respect to the subject matter\nhereof and may not be modified or amended in any way except in writing by the\nparties hereto.\n\n (f) Duration. Notwithstanding the term of employment\nhereunder, this Agreement shall continue for so long as any obligations remain\nunder this Agreement.\n\n (g) Survival. The covenants set forth in Sections 6, 8 and 9\nof this Agreement shall survive and shall continue to be binding upon Employee\nnotwithstanding the termination of this Agreement for any reason whatsoever. The\ncovenants set forth in Sections 6, 8 and 9 of this Agreement shall be deemed and\nconstrued as separate agreements independent of any other provision of this\nAgreement. The existence of any claim or cause of action by Employee against\nCompany, whether predicated on this Agreement or otherwise, shall not constitute\na defense to the enforcement by Company of any or all covenants. It is expressly\nagreed that the remedy at law for the breach or any such covenant is inadequate\nand that injunctive relief shall be available to prevent the breach or any\nthreatened breach thereof.\n\n\n\n 10\n<PAGE> 11\n\n\n IN WITNESS WHEREOF, the parties hereto, intending to be\nlegally bound, have hereunto executed this Agreement the day and year first\nwritten above.\n\n IGS ACQUISITION CORPORATION\n\n By: /s/ Stuart J. Chasanoff\n ---------------------------------\n Name: Stuart J. Chasanoff\n Title: Vice President and Secretary\n\n EMPLOYEE\n\n /s/ David Link\n ------------------------------------\n David Link\n\n\n\n 11\n<PAGE> 12\n\n\n JOINDER\n\n\n eVentures Group, Inc. joins in the Employment Agreement, dated as of\nMarch 10, 2000, between IGS Acquisition Corporation and David Link, for the sole\npurpose of undertaking to perform the Company's obligations set forth in\nSections 4, 5 and 7 thereof, including but not limited to the obligation to pay\nthe bonuses set forth on Schedule 4(a) thereto, and has executed this Joinder to\nthe Employment Agreement as of the 10th day of March, 2000.\n\n\n\n eVENTURES GROUP, INC.\n\n By: /s/ Stuart J. Chasanoff\n -----------------------------------\n Name: Stuart J. Chasanoff\n Title: Vice President of Business\n Development, Secretary and\n General Counsel\n\n\n\n 12\n<PAGE> 13\n\n\n SCHEDULE 3\n to Employment Agreement\n\n\n Employment Term\n\n The Employment Term shall initially be two years commencing on the date\nof this Agreement. The initial Employment Term shall be automatically extended\nfor additional one-year periods unless either party gives the other party\nwritten notice of its intention not to extend the Employment Term at least 90\ndays prior to the end of the initial two year term or any additional one year\nterm.\n\n\n\n<PAGE> 14\n\n\n SCHEDULE 4(A)\n to Employment Agreement\n\n\n SALARY\n\n\nBASE SALARY\n\nThe annual base salary shall be $200,000.\n\n\nBONUS PAYMENT TO BE PAID BY EVENTURES GROUP, INC.\n\nIn consideration of services to be provided by Employee to eVentures Group, Inc.\n(\"Parent\") during the Employment Term, Parent shall pay to Employee a one-time\nbonus of $25,000 within 30 days of the date of execution of this Agreement. The\nbonus described in the preceding sentence shall be in addition to discretionary\nbonuses, if any, payable to the Employee pursuant to Section 4(b) of this\nAgreement.\n\n\n\n\n\n\n\n<PAGE> 15\n\n\n ANNEX A\n to Employment Agreement\n\n\n This CONFIDENTIAL INFORMATION AND INVENTION ASSIGNMENT AGREEMENT (the\n\"Agreement\") is made between eVentures Group, Inc. (the \"Company\") and the\nundersigned employee.\n\n In consideration of my employment with the Company (which for purposes\nof this Agreement shall be deemed to include any subsidiaries or Affiliates of\nthe Company), the receipt of confidential information while associated with the\nCompany, and other good and valuable consideration, I, the undersigned\nindividual, agree that:\n\n 1. Term of Agreement. This Agreement shall continue in full force and\neffect for the duration of my employment by the Company (the \"Period of\nEmployment\") and shall continue thereafter until terminated through a written\ninstrument signed by both parties.\n\n 2. Confidentiality.\n\n (a) Definitions. \"Proprietary Information\" is all information and\nany idea whatever form, tangible or intangible, pertaining in any manner to the\nbusiness of the Company, or any of its Affiliates, or its employees, clients,\nconsultants, or business associates, which was produced by any employee or\nconsultant of the Company in the course of his or her employment or consulting\nrelationship with the Company or otherwise produced or acquired by or on behalf\nof the Company. All Proprietary Information not generally known outside of the\nCompany's organization, and all Proprietary Information so known only through\nimproper means, shall be deemed \"Confidential Information.\" By example and\nwithout limiting the foregoing definition, Proprietary and Confidential\nInformation shall include, but not be limited to:\n\n (i) formulas, research and development techniques, processes,\n trade secrets, computer programs, software, hardware, electronic codes,\n mask works, inventions, innovations, patents, patent applications,\n discoveries, improvements, data, know-how, formats, test results, and\n research projects;\n\n (ii) information about pricing, costs, profits, markets, sales,\n contracts and lists of customers, and distributors;\n\n (iii) business, financial, marketing, and strategic plans;\n\n (iv) forecasts, unpublished financial information, budgets,\n projections, and customer identities, characteristics, data, and\n agreements; and\n\n (v) employee personnel files and compensation information.\n\n Confidential Information is to be broadly defined, and includes all\ninformation that has or could have commercial value or other utility in the\nbusiness in which the Company is engaged or contemplates engaging, and all\ninformation of which the unauthorized disclosure could be detrimental to the\ninterests of the Company, whether or not such information is identified as\nConfidential Information by the Company.\n\n\n\n<PAGE> 16\n\n\n (b) Existence of Confidential Information. The Company owns and has\ndeveloped and compiled, and will continue to develop and compile, certain trade\nsecrets, proprietary techniques and other Confidential Information which have\ngreat value to its business. This Confidential Information includes not only\ninformation disclosed by the Company to me, but also information developed or\nlearned by me during the course of my employment with the Company.\n\n (c) Protection of Confidential Information. I will not, directly or\nindirectly, use, make available, sell, disclose or otherwise communicate to any\nthird party, other than in my assigned duties and for the benefit of the\nCompany, any of the Company's Confidential Information, at any time during or\nafter my employment with the Company. In the event I desire to publish the\nresults of my work for the Company through literature or speeches, I will submit\nsuch literature or speeches to the President of the Company at least ten (10)\ndays before dissemination of such information for a determination of whether\nsuch disclosure may alter trade secret status, may be highly prejudicial to the\ninterests of the Company, or may constitute an invasion of its privacy. I agree\nnot to publish, disclose or otherwise disseminate such information without prior\nwritten approval of the President of the Company. I acknowledge that I am aware\nthat the unauthorized disclosure of Confidential Information of the Company may\nbe highly prejudicial to its interests, an invasion of privacy, and an improper\ndisclosure of trade secrets.\n\n (d) Delivery of Confidential Information. Upon request or when my\nemployment with the Company terminates for any reason, I will immediately\ndeliver to the Company all copies of any and all materials and writings received\nfrom, created for, or belonging to the Company including, but not limited to,\nthose which relate to or contain Confidential Information.\n\n (e) Location and Reproduction. I shall maintain at my work station\nand/or any other place under my control only such Confidential Information as I\nhave a current \"need to know.\" I shall return to the appropriate person or\nlocation or otherwise properly dispose of Confidential Information once that\nneed to know no longer exists. I shall not make copies of or otherwise reproduce\nConfidential Information unless there is a legitimate business need of the\nCompany for reproduction.\n\n (f) Prior Actions and Knowledge. I represent and warrant that, from\nthe time of my first contact with the Company, I have held in strict confidence\nall Confidential Information and have not disclosed any Confidential\nInformation, directly or indirectly, to anyone outside the Company, or used,\ncopied, published, or summarized any Confidential Information, except to the\nextent otherwise permitted in this Agreement.\n\n (g) Third-Party Information. I acknowledge that the Company has\nreceived and in the future will receive from third parties their confidential\ninformation subject to a duty on the Company's part to maintain the\nconfidentiality of such information and to use it only for certain limited\npurposes. I agree that, during the Period of Employment and thereafter, I will\nhold all such confidential information in the strictest confidence and not to\ndisclose or use it,\n\n\n\n A-2\n<PAGE> 17\n\n\nexcept as necessary to perform my obligations hereunder and as is consistent\nwith the Company's agreement with such third parties.\n\n (h) Third Parties. I represent that my employment with the Company\ndoes not and will not breach any agreements with or duties to a former employer\nor any other third party. I will not disclose to the Company or use on its\nbehalf any confidential information belonging to others and I will not bring\nonto the premises of the Company any confidential information belonging to any\nsuch party unless consented to in writing by such party.\n\n I acknowledge that the Company would not hire me or give me access to\nConfidential or Proprietary Information, but for my covenants contained in this\nSection 2.\n\n 3. Proprietary Rights, Inventions and New Ideas.\n\n (a) Definition. The term \"Subject Ideas or Inventions\" includes any\nand all ideas, processes, trademarks, service marks, inventions, designs,\ntechnologies, computer hardware or software, original works of authorship,\nformulas, discoveries, patents, copyrights, copyrightable works, products,\nmarketing and business ideas, and all improvements, know-how, data, rights, and\nclaims related to the foregoing that, whether or not patentable, which are\nconceived, developed or created which: (i) relate to the Company's current or\ncontemplated business or activities; (ii) relate to the Company's actual or\ndemonstrably anticipated research or development; (iii) result from any work\nperformed by me for the Company no matter where the work is or was performed;\n(iv) involve the use of the Company's equipment, supplies, facilities or trade\nsecrets; (v) result from or are suggested by any work done by the Company or at\nthe Company's request, or any projects specifically assigned to me; or (vi)\nresult from my access to any of the Company's memoranda, notes, records,\ndrawings, sketches, models, maps, customer lists, research results, data,\nformulae, specifications, inventions, processes, Confidential Information,\nequipment, or other materials (collectively, \"Company Materials\").\n\n (b) Company Ownership. All right, title and interest in and to all\nSubject Ideas and Inventions, including but not limited to all registrable and\npatent rights which may subsist therein, shall be held and owned solely by the\nCompany, and where applicable, all Subject Ideas and Inventions shall be\nconsidered works made for hire. I shall mark all Subject Ideas and Inventions\nwith the Company's copyright or other proprietary notice as directed by the\nCompany and shall take all actions deemed necessary by the Company to protect\nthe Company's rights therein. In the event that the Subject Ideas and Inventions\nshall be deemed not to constitute works made for hire, or in the event that I\nshould otherwise, by operation of law, be deemed to retain any rights (whether\nmoral rights or otherwise) to any Subject Ideas and Inventions, I agree to\nassign to the Company, without further consideration, my entire right, title and\ninterest in and to each and every such Subject Idea and Invention.\n\n (c) Maintenance of Records. I agree to keep and maintain adequate\nand current written records of all Subject Ideas and Inventions and their\ndevelopment made by me (solely or jointly with others) during the term of my\nemployment with the Company. These records will be in the form of notes,\nsketches, drawings, and any other format that may be specified by the Company.\nThese records will be available to and remain the sole property of the\n\n\n\n A-3\n<PAGE> 18\n\n\nCompany at all times. I agree that all copies of any documents or materials\nrelated to Subject Ideas and Inventions will remain with the Company after my\ntermination (for whatever reason).\n\n (d) Determination of Subject Ideas and Inventions. I further agree\nthat all information and records pertaining to any idea, process, trademark,\nservice mark, invention, technology, computer hardware or software, original\nwork of authorship, design, formula, discovery, patent, copyright, product, and\nall improvements, know-how, rights, and claims related to the foregoing\n(\"Intellectual Property\"), that I do not believe to be a Subject Idea or\nInvention, but that is conceived, developed, or reduced to practice by the\nCompany (alone by me or with others) during the Period of Employment and for one\n(1) year thereafter, shall be disclosed promptly by me to the Company (such\ndisclosure to be received in confidence). The Company shall examine such\ninformation to determine if in fact the Intellectual Property is a Subject Idea\nor Invention subject to this Agreement.\n\n (e) Access. Because of the difficulty of establishing when any\nSubject Ideas or Inventions are first conceived by me, or whether they result\nfrom my access to Confidential Information or Company Materials, I agree that\nany Subject Idea and Invention shall, among other circumstances, be deemed to\nhave resulted from my access to Company Materials if: (i) it grew out of or\nresulted from my work with the Company or is related to the business of the\nCompany, and (ii) it is made, used, sold, exploited or reduced to practice, or\nan application for patent, trademark, copyright or other proprietary protection\nis filed thereon, by me or with my significant aid, within one (1) year after\ntermination of the Period of Employment.\n\n (f) Assistance. I further agree to assist the Company in every\nproper way (but at the Company's expense) to obtain and from time to time\nenforce patents, copyrights or other rights or registrations on said Subject\nIdeas and Inventions in any and all countries, and to that end will execute all\ndocuments necessary:\n\n (i) to apply for, obtain and vest in the name of the\n Company alone (unless the Company otherwise directs) letters patent,\n copyrights or other analogous protection in any country throughout the\n world and when so obtained or vested to renew and restore the same; and\n\n (ii) to defend any opposition proceedings in respect\n of such applications and any opposition proceedings or petitions or\n applications for revocation of such letters patent, copyright or other\n analogous protection; and\n\n (iii) to cooperate with the Company (but at the\n Company's expense) in any enforcement or infringement proceeding on\n such letters patent, copyright or other analogous protection.\n\n (g) Authorization to Company. In the event the Company is unable,\nafter reasonable effort, to secure my signature on any patent, copyright or\nother analogous protection relating to a Subject Idea and Invention, whether\nbecause of my physical or mental incapacity or for any other reason whatsoever,\nI hereby irrevocably designate and appoint the Company and its duly authorized\nofficers and agents as my agent and attorney-in-fact, to act for and on my\nbehalf\n\n\n\n A-4\n<PAGE> 19\n\n\nand stead to execute and file any such application, applications or other\ndocuments and to do all other lawfully permitted acts to further the\nprosecution, issuance, and enforcement of letters patent, copyright or other\nanalogous rights or protections thereon with the same legal force and effect as\nif executed by me. My obligation to assist the Company in obtaining and\nenforcing patents and copyrights for Subject Ideas and Inventions in any and all\ncountries shall continue beyond the termination of my relationship with the\nCompany, but the Company shall compensate me at a reasonable rate after such\ntermination for time actually spent by me at the Company's request on such\nassistance.\n\n (h) Exclusion. I acknowledge that there are no currently existing\nideas, processes, inventions, discoveries, marketing or business ideas or\nimprovements which I desire to exclude from the operation of this Agreement. To\nthe best of my knowledge, there is no other contract to assign inventions,\ntrademarks, copyrights, ideas, processes, discoveries or other intellectual\nproperty that is now in existence between me and any other person (including any\nbusiness or governmental entity).\n\n (i) No Use of Name. I shall not at any time use the Company's name\nor any of the Company trademark(s) or trade name(s) in any advertising or\npublicity without the prior written consent of the Company.\n\n (j) Acknowledgment. I acknowledge that the Company would not hire me\nbut for my covenants contained in these Sections.\n\n 4. Representations and Warranties. I represent and warrant (i) that I\nhave no obligations, legal, contractual, or otherwise, inconsistent with the\nterms of this Agreement or with my undertaking a relationship with the Company;\n(ii) that the performance of the services called for by this Agreement do not\nand will not violate any applicable law, rule or regulation or any proprietary\nor other right of any third party; (iii) that I will not use in the performance\nof my responsibilities for the Company any materials or documents of a former\nemployer; and (iv) that I have not entered into and will not enter into any\nagreement (whether oral or written) in conflict with this Agreement.\n\n 5. Termination Obligations.\n\n (a) Upon the termination of my relationship with the Company (for\nwhatever reason) or promptly upon the Company's request, I shall surrender to\nthe Company all equipment, tangible Proprietary Information, Confidential\nInformation, documents, books, notebooks, records, reports, notes, memoranda,\ndrawings, sketches, models, maps, contracts, lists, computer disks (and other\ncomputer-generated files and data), any other data and records of any kind, and\ncopies thereof (collectively, \"Company Records\"), created on any medium and\nfurnished to, obtained by, or prepared by myself in the course of or incident to\nmy employment, that are in my possession or under my control.\n\n (b) My representations, warranties, and obligations contained in\nthis Agreement shall survive the termination of my employment with the Company.\n\n\n\n A-5\n<PAGE> 20\n\n\n (c) Following any termination of the Period of Employment, I will\nfully cooperate with the Company in all matters relating to my continuing\nobligations under this Agreement.\n\n (d) Upon the termination of my employment with the Company, and at\nall times thereafter, I hereby grant consent to notification by the Company to\nmy new employer about my rights and obligations under this Agreement.\n\n (e) Upon termination of the Period of Employment, I will execute a\nCertificate acknowledging compliance with this Agreement in the form reasonably\nprovided by the Company.\n\n 6. Injunctive Relief. I acknowledge that my failure to carry out any\nobligation under this Agreement, or a breach by me of any provision herein, will\nconstitute immediate and irreparable damage to the Company, which cannot be\nfully and adequately compensated in money damages and which will warrant\npreliminary and other injunctive relief, an order for specific performance, and\nother equitable relief. I further agree that no bond or other security shall be\nrequired in obtaining such equitable relief and I hereby consent to the issuance\nof such injunction and to the ordering of specific performance. I also\nunderstand that other legal and equitable action may be taken and remedies\nenforced against me.\n\n 7. Modification. No modification of this Agreement shall be valid\nunless made in writing and signed by both parties. Any such writing may only be\nsigned on behalf of the Company by the President of the Company.\n\n 8. Binding Effect. This Agreement shall be binding upon me, my heirs,\nexecutors, assigns and administrators and is for the benefit of the Company and\nits successors and assigns.\n\n 9. Arbitration. Any dispute or controversy arising out of or relating\nto any interpretation, construction, performance or breach of this Agreement,\nshall be settled by arbitration to be held in Dallas, Texas in accordance with\nthe rules then in effect of the American Arbitration Association. The arbitrator\nmay grant injunctions or any other relief in such dispute or controversy. The\ndecision of the arbitrator shall be final, conclusive and binding on the parties\nto the arbitration. Judgment may be entered on the arbitrator's decision in any\ncourt having jurisdiction; provided, however, that the arbitrator shall not have\nthe power to alter or amend this Agreement.\n\n 10. Governing Law. This Agreement shall be construed in accordance\nwith, and all actions arising under or in connection therewith shall be governed\nby, the internal laws of the State of Texas (without reference to conflict of\nlaw principles).\n\n 11. Integration. This Agreement sets forth the parties' mutual rights\nand obligations with respect to Proprietary Information, Confidential\nInformation, prohibited competition, and intellectual property. It is intended\nto be the final, complete, and exclusive statement of the terms of the parties'\nagreements regarding these subjects. This Agreement supersedes all other prior\nand contemporaneous agreements and statements on these subjects, and it may not\nbe\n\n\n\n A-6\n<PAGE> 21\n\n\ncontradicted by evidence of any prior or contemporaneous statements or\nagreements. To the extent that the practices, policies, or procedures of the\nCompany, now or in the future, apply to myself and are inconsistent with the\nterms of this Agreement, the provisions of this Agreement shall control unless\nchanged in writing by the Company.\n\n 12. Employment at Will. This Agreement is not an employment agreement.\nI understand that the Company may terminate my association or employment with it\nat any time, with or without cause, subject to the terms of any separate written\nemployment agreement, if any, executed by a duly authorized officer of the\nCompany.\n\n 13. Construction. This Agreement shall be construed as a whole,\naccording to its fair meaning, and not in favor of or against any party. By way\nof example and not limitation, this Agreement shall not be construed against the\nparty responsible for any language in this Agreement. The headings of the\nparagraphs hereof are inserted for convenience only, and do not constitute part\nof and shall not be used to interpret this Agreement.\n\n 14. Attorneys' Fees. Should either I or the Company, or any heir,\npersonal representative, successor or permitted assign of either party, resort\nto legal proceedings to enforce this Agreement, the prevailing party in such\nlegal proceeding as determined by the arbitrator or other trier of fact, shall\nbe awarded, in addition to such other relief as may be granted, attorneys' fees\nand costs incurred in connection with such proceeding.\n\n 15. Severability. If any term, provision, covenant or condition of this\nAgreement, or the application thereof to any person, place or circumstance,\nshall be held to be invalid, unenforceable or void, the remainder of this\nAgreement and such term, provision, covenant or condition as applied to other\npersons, places and circumstances shall remain in full force and effect.\n\n 16. Rights Cumulative. The rights and remedies provided by this\nAgreement are cumulative, and the exercise of any right or remedy by either the\nCompany or me (or by that party's successor), whether pursuant hereto, to any\nother agreement, or to law, shall not preclude or waive that party's right to\nexercise any or all other rights and remedies. This Agreement will inure to the\nbenefit of the Company and its successors and assigns.\n\n 17. Nonwaiver. The failure of either the Company or me, whether\npurposeful or otherwise, to exercise in any instance any right, power or\nprivilege under this Agreement or under law shall not constitute a waiver of any\nother right, power or privilege, nor of the same right, power or privilege in\nany other instance. Any waiver by the Company or by me must be in writing and\nsigned by either myself, if I am seeking to waive any of my rights under this\nAgreement, or by an officer of the Company (other than me) or some other person\nduly authorized by the Company.\n\n 18. Notices. All notices, objections and other communications hereunder\nshall be in writing and shall be deemed to have been duly given if personally\ndelivered (return receipt requested) or mailed by certified mail (return receipt\nrequested) or by Federal Express or another nationally recognized courier\nservice or by facsimile transmission upon electronic confirmation\n\n\n\n A-7\n<PAGE> 22\n\n\nof receipt thereof during normal business hours at the following addresses (or\nat such other address for a party as shall be specified by like notice):\n\n If to the Employee:\n\n David Link\n 6223 Stichter Avenue\n Dallas, Texas 75230\n\n\n If to the Company:\n\n eVentures Group, Inc.\n One Evertrust Plaza, 8th Floor\n Jersey City, New Jersey 07302\n Attention: Vice President and Chief Financial Officer\n Telephone: (201) 200-5515\n Facsimile Number: (201) 200-5532\n\n with a copy to:\n\n eVentures Group, Inc.\n c/o HW Partners, L.P.\n 1601 Elm Street, 40th Floor\n Dallas, Texas 75201\n Attention: General Counsel\n Telephone: (214) 720-1608\n Facsimile Number: (214) 720-1667\n\n and to:\n\n White & Case LLP\n 200 S. Biscayne Blvd. Suite 4900\n Miami, FL 33131\n Attention: Thomas E Lauria\n Telephone: (305) 371-2700\n Facsimile Number: (305) 358-5744\n\n 19. Date of Effectiveness. This Agreement shall be deemed effective as\nof the commencement of my employment with the Company.\n\n 20. Agreement to Perform Necessary Acts. I agree to perform any further\nacts and execute and deliver any documents that may be reasonably necessary to\ncarry out the provisions of this Agreement.\n\n 21. Assignment. This Agreement may not be assigned without the\nCompany's prior written consent. The Company may assign its rights under this\nAgreement.\n\n\n\n A-8\n<PAGE> 23\n\n\n 22. Compliance with Law. I agree to abide by all federal, state, and\nlocal laws, ordinances and regulations.\n\n 23. Employee Acknowledgment. I acknowledge that I have had the\nopportunity to consult legal counsel in regard to this Agreement, that I have\nread and understand this Agreement, that I am fully aware of its legal effect,\nand that I have entered into it freely and voluntarily and based on my own\njudgment and not on any representations or promises other than those contained\nin this Agreement.\n\n\n\n * * *\n\n\n\n\n\n\n A-9\n<PAGE> 24\n\n\n IN WITNESS WHEREOF, the undersigned have executed this Agreement as of\nthe date set forth below.\n\n CAUTION: THIS AGREEMENT CREATES IMPORTANT OBLIGATIONS OF TRUST AND\nAFFECTS THE EMPLOYEE'S RIGHTS TO INVENTIONS AND OTHER INTELLECTUAL PROPERTY THE\nEMPLOYEE MAY DEVELOP DURING HIS OR HER EMPLOYMENT.\n\nDated as of March 10, 2000.\n\n /s/ David Link\n -------------------------\n Employee Signature\n\n\n David Link\n -------------------------\n Printed Name of Employee\n\neVENTURES GROUP, INC.\n\n\nBy: /s/ Stuart J. Chasanoff\n ----------------------------------------------\n Name: Stuart J. Chasanoff\n Title: Vice President of Business Development,\n Secretary and General Counsel\n\n\n\n\n\n A-10\n\n\n</TEXT>\n</DOCUMENT>\n"}}},{"rowIdx":99,"cells":{"index_html_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/875296/0001015402-02-001837-index.html"},"index_text_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/875296/0001015402-02-001837.txt"},"cik":{"kind":"string","value":"875296"},"name":{"kind":"string","value":"URECOATS INDUSTRIES INC"},"type":{"kind":"string","value":"10-Q"},"filing_date":{"kind":"string","value":"2002-05-15"},"report_date":{"kind":"string","value":"2002-03-31"},"seq":{"kind":"string","value":"6"},"desc":{"kind":"null"},"doc_type":{"kind":"string","value":"EX-10.7"},"size":{"kind":"string","value":"72577"},"filename":{"kind":"string","value":"exh107.htm"},"file_url":{"kind":"string","value":"https://www.sec.gov/Archives/edgar/data/875296/000101540202001837/exh107.htm"},"file":{"kind":"string","value":"gs://sec-exhibit10/files/full/864347a59696e89663ccc2387251f13b8cd02602.htm"},"extension":{"kind":"string","value":"html"},"filing_metadata":{"kind":"string","value":"{\"Filing Date\": \"2002-05-15\", \"Accepted\": \"2002-05-15 16:57:12\", \"Documents\": \"10\", \"Period of Report\": \"2002-03-31\"}"},"file_content":{"kind":"string","value":"<DOCUMENT>\n<TYPE>EX-10.7\n<SEQUENCE>6\n<FILENAME>exh107.htm\n<TEXT>\n<HTML>\n<HEAD>\n<TITLE>Ex 10.7 Guyton</TITLE>\n</HEAD>\n<BODY bgcolor=#ffffff>\n<p align=center><font size=2><B>EMPLOYMENT AGREEMENT</B></font></p>\n<p align=justify><font size=2> THIS EMPLOYMENT AGREEMENT (“Agreement”) is effective as of January 1, 2002, by and between URECOATS INDUSTRIES INC., a Delaware corporation with offices at Newport Center Plaza, 1239 East Newport Center Drive, Suite 101, Deerfield Beach, Florida 33442 (the “Company”), and Arthur K. Guyton an individual residing at 4227 NW 57th Drive, Coconut Creek, Florida 33073 (the “Executive”).</font></p>\n<p align=center><font size=2><B>W I T N E S S E T H :</B></font></p>\n<p align=justify><font size=2> WHEREAS, the Company wishes to employ the Executive and the Executive wishes to accept such employment, subject to the terms and conditions hereinafter set forth.</font></p>\n<p align=justify><font size=2> WHEREAS, the Company acknowledges that Executive has been working for the Company since August 17, 2001 and is currently employed as the Senior Vice President of Marketing and Special Projects under an employment arrangement.</font></p>\n<p align=justify><font size=2> WHEREAS, the Company wishes to memorialize the employment of the Executive in a formal Agreement and the Executive wishes to enter into such Agreement, subject to the terms and conditions hereinafter set forth.</font></p>\n<p align=justify><font size=2> NOW THEREFORE, the parties hereto, in consideration of the premises and mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, agree as follows:</font></p>\n<p align=justify><font size=2> 1. <U>EMPLOYMENT TERM</U>. The Company hereby agrees to employ the Executive, and the Executive hereby accepts such employment for a period of four (4) years from January 1, 2002 through December 31, 2005, unless sooner terminated in accordance with Section 6 hereof (the “Employment Period”).</font></p>\n<p align=justify><font size=2> 2. <U>POSITION; DUTIES</U>. During the Employment Period, the Executive shall hold the title and position of Senior Vice President of Marketing and Special Projects of the Company and shall have the duties and responsibilities usually vested in such capacity, as determined from time to time by the Board of Directors, Chief Executive Officer and/or President of the Company, and such other duties and responsibilities as may be assigned to him from time to time by the Board of Directors, Chief Executive Officer and/or President of the Company.</font></p>\n<p align=justify><font size=2> 3. <U>MANNER OF PERFORMANCE</U>. The Executive shall serve the Company and devote all his business time, his best efforts and all his skill and ability in the performance of his duties hereunder. The Executive shall carry out his duties in a competent and professional manner, to the reasonable satisfaction of the Board of Directors, Chief Executive Officer and/or President of the Company, shall work with other Executives of the Company and of its affiliates and generally promote the best interests of the Company and its customers. The Executive shall not, in any capacity engage in any activity which is, or may be, contrary to the welfare, interest or benefit of the business now or hereafter conducted by the Company or any of its affiliates.</font></p>\n<p align=justify><font size=2> 4. <U>COMPENSATION AND RELATED MATTERS</U>. The Executive’s compensation for his services hereunder shall be as follows:</font></p>\n<p align=justify><font size=2> 4.1 <u>Base Compensation</u>. During the Employment Period, Executive shall receive an annual base salary (the “Annual Base Salary”) of $105,000, payable in accordance with the Company’s normal payroll practices. Executive’s Annual Base Salary will be reviewed on an annual basis by the Compensation Committee of the Board of Directors and may be increased from time to time, in the discretion of the Compensation Committee. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to Executive under this Agreement. Annual Base Salary shall not be reduced at any time (including after any such increase), other than as part of an across-the-board salary reduction applicable to other executive officers of the Company. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as adjusted from time to time.</font></p>\n<p align=justify><font size=2> 4.2 <u>Restricted Common Stock</u>.</font></p>\n<p align=justify><font size=2> (a) Executive is hereby granted 483,432 shares of restricted common stock of the Company, $.01 par value per share (the “Shares”) subject to vesting in 30,000 share increments on a quarterly basis commencing on the Effective Date, except the first quarter commencing as of the Effective Date 33,432 shares shall vest at the end thereof. The Shares shall be other compensation to the Executive for his services hereunder and shall be earned and vest at the end of each quarter during the Employment Period.</font></p>\n<CENTER><font size=2>1</font></CENTER><br><HR noshade align=center width=100% size=2>\n\n<p align=justify><font size=2> (b) The Shares, when vested, shall be subject to the following conditions:</font></p>\n<p align=justify><font size=2> (i) The shares may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, alienated or encumbered until the restrictions are removed according to the terms of this Agreement or expire;</font></p>\n<p align=justify><font size=2> (ii) The Compensation Committee may require that the certificates representing the Shares remain in the physical custody of an escrow holder or the Company until all restrictions are removed or expire;</font></p>\n<p align=justify><font size=2> (iii) Each certificate representing Shares will bear such legend or legends making reference to the restrictions imposed upon such Shares as the Compensation Committee in its discretion deems necessary or appropriate to enforce such restrictions; and</font></p>\n<p align=justify><font size=2> (iv) Notwithstanding the foregoing, all unearned and unvested Shares listed above shall immediately vest and be delivered to the Executive upon the Change of Control as defined in Section 7(c) provided that the Executive is employed by the Company on the date of the Change in Control. The Executive shall have no voting or other stockholder rights with respect to any unearned and unvested Shares. The Shares shall not be assignable by the Executive or be subject to any claims by creditors until they shall have been earned and vested in accordance with this section. In addition to any other restrictions on the Shares described in this section, which may be incorporated by reference in the stock certificates evidencing the Shares, such certificates shall bear a legend substantially as follows:</font></p>\n<ul><ul><ul><p align=justify><font size=2>“The securities evidenced hereby have not been registered under the Securities Act of 1933, as amended (“Securities Act”). The holder hereof, by acquiring such securities, agrees that such securities may not be resold, pledged or otherwise transferred except pursuant to an effective registration statement duly filed under the Securities Act, or pursuant to an exemption effective under the Securities Act.”</font></p></ul></ul></ul>\n<p align=justify><font size=2> (v) The Executive hereby agrees with Company that the holding period set forth in Rule 144 of the Securities Act of 1933, as amended, shall only begin to run, with respect to any Shares, on the date that such Shares are earned and vest in accordance herewith.</font></p>\n<p align=justify><font size=2> 4.3 <u>Stock Options</u>.</font></p>\n<p align=justify><font size=2> (a) Executive shall be eligible for the grant of equity compensation awards from time to time under such equity compensation plans and arrangements as may be maintained by Company from time to time. Any option grants made to Executive pursuant to such plans and arrangements shall be subject to this Agreement and the provisions of such plans and arrangements.</font></p>\n<p align=justify><font size=2> (b) On the Effective Date, Executive shall be granted an incentive stock option to purchase 200,000 shares of the Company (the “Stock Options”), as defined in and pursuant to and in accordance with one of the Company’s existing stock option plans, or any successor plans as the Board may designate (the “Stock Option Plan”). The Stock Options shall have an exercise price equal to one hundred percent (100%) of the fair market value of Company’s common stock as of the date of grant, and, subject to vesting, shall be exercisable at any time, in whole or in part, within five (5) years of the date of grant. These Stock Options shall vest up to a maximum of 50,000 per year and in accordance with this Section 4.3(b). The Stock Options vest after the end of each calendar year in a number to be determined by dividing the Company’s common stock price as of the end of any applicable year into a number equal to 5% of any such year’s Excess Revenues, rounded to the nearest integer. As used herein, “Excess Revenues” shall mean the Company’s annual Revenues minus $1 million.</font></p>\n<p align=justify><font size=2> (c) As an example only, if in any year the Revenues are $5 million, and the price of the Company’s stock at the close of that year is $5.00, then 40,000 Stock Options to purchase 40,000 shares of the Company shall vest, determined as follows:</font></p>\n<ul><p align=justify><font size=2>$5 million - $1 million = $4 million (the Excess Revenues) <br>$4 million X 5% of Excess Revenues = $200,000 <br>$200,000 / $5.00 = 40,000</font></p></ul>\n<CENTER><font size=2>2</font></CENTER><br><HR noshade align=center width=100% size=2>\n\n<p align=justify><font size=2> (d) Notwithstanding the foregoing, Stock Options that do not vest in any given year shall be carried over and added to a subsequent year’s maximum. In the example provided in Section 4.3(c), 10,000 Stock Options will be carried over to the next year, provided that the next year is not the last year in this Agreement. Unless otherwise agreed to between the parties, any unvested Stock Options at the end of the Employment Period shall be canceled and of no force or effect.</font></p>\n<p align=justify><font size=2> (e) Company shall register the shares issuable under the Stock Option on a Form S-8 registration statement prior to the vesting of the first Stock Option and shall keep such registration statement in effect for the entire period the Stock Options remain outstanding. Each shares issued upon exercise of a Stock Option granted pursuant to Sections 4.3(a) and 4.3(b), shall be transferable upon Executive’s election, to the extent consistent with applicable restrictions under the Company’s registration of the underlying shares with the Securities and Exchange Commission.</font></p>\n<p align=justify><font size=2> (f) All of Executive’s Stock Options (including any Stock Options that are outstanding on the Effective Date) shall be subject to, and governed by, the terms and provisions in the applicable Company Stock Option Plan, except to the extent of modifications that are expressly provided for in this Agreement which do not result in any modifications to the Stock Option Plan which would require shareholder approval or which would contravene any law which applies to the Stock Option Plan.</font></p>\n<p align=justify><font size=2> (g) If there is any change in the common stock of Company by reason of any stock dividend, stock split, spin-off, split up, merger, consolidation, recapitalization, reclassification, combination or exchange of shares, or any other similar corporate event or reorganization, however structured, then the number of shares subject to Executive’s Stock Options and the exercise price of Executive’s Stock Options shall be equitably and appropriately adjusted by the applicable Stock Option Plan administrator to effectuate the intent of this Section 4.3. Notice of any adjustment shall be given by Company to Executive and shall be final and binding on Executive.</font></p>\n<p align=justify><font size=2> 4.4 <u>Performance Awards</u>. In addition to the foregoing, during the Employment Period, the Executive shall be eligible to earn performance awards from time to time that the Company may, in its discretion, determine to put into effect. The administrator of these plans or arrangements shall determine the performance criteria (which need not be identical) to be utilized to calculate the value of the Performance Awards, the term of such Performance Awards, the Payment Event, and the form and time of payment of Performance Awards. The specific terms and conditions of each Performance Award shall be set forth in a written statement evidencing the grant of such Performance Award. Upon the occurrence of a Payment Event, payment of a Performance Award will be made to the Executive at fair market value on the date of the Payment Event, as the administrator in its discretion may determine. The administrator may impose a limitation on the amount payable upon the occurrence of a Payment Event, which limitation shall be set forth in the written statement evidencing the grant of the Performance Award. If Executive’s employment with the Company is terminated for any reason, including but not limited to, death, or disability prior to the occurrence of the Payment Event, all of the Executive’s rights under the Performance Award shall expire and terminate unless otherwise determined by the administrator. Notwithstanding the foregoing, the Executive shall be afforded the opportunity to earn a minimum aggregate of 300,000 Shares during the Employment Period at a maximum of 75,000 Shares during each calendar year hereof with respect to these plans or arrangements.</font></p>\n<p align=justify><font size=2> 4.5 <u>Discretionary Bonus</u>. The Executive may be eligible to receive additional bonus compensation at the sole and unreviewable discretion of the Chief Executive Officer and/or President and the Compensation Committee of the Board of Directors.</font></p>\n<p align=justify><font size=2> 4.6 <u>Compensation and Benefit Programs</u>. During the term of Executive’s employment hereunder, Executive shall be entitled to participate in the following plans as they may exist from time to time during the term hereof, to wit, any and all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as offered by the Company from time to time to its Executives, including savings, pension, profit-sharing, stock options, and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.</font></p>\n<p align=justify><font size=2> 4.7 <u>Vacation and Other Benefits</u>. During the term of Executive’s employment hereunder, Executive shall be entitled to such paid vacation, fringe benefits and perquisites as are provided from time to time by the Company to similarly situated executives. Vacation will be taken at such times as the Executive and the Company shall mutually determine and provided that no vacation time shall interfere with the duties required to be rendered by Executive hereunder. Notwithstanding the foregoing, as an officer of Company, Executive is expected to utilize his vacation time judiciously and so as not to jeopardize the business of Company or Urecoats. Unused </font></p>\n<CENTER><font size=2>3</font></CENTER><br><HR noshade align=center width=100% size=2>\n\n<p align=justify><font size=2>vacation may not be carried forth to the next calendar year without prior written consent by the Company, except that no written consent is required for carrying over a maximum of fourteen days to any subsequent year. The Company shall also provide the Executive reasonable reimbursement of out-of-pocket expenses incurred by him in connection with his duties hereunder, upon submission of appropriate documentation, and an automobile or automobile allowance, which expense or allowance shall not exceed $750 per month, net.</font></p>\n<p align=justify><font size=2> 4.8 <u>Miscellaneous</u>.</font></p>\n<p align=justify><font size=2> (a) Executive acknowledges that any shares reservable for Executive pursuant to the provisions of Paragraphs 4.2, 4.3 and 4.4 hereof, may require and be subject to and conditioned upon amendment of the Restated Certificate of Incorporation of the Company which shall grant to the Company statutory authority for the reservation and issuance of shares in accordance with the aforesaid paragraphs.</font></p>\n<p align=justify><font size=2> (b) The Company acknowledges and covenants that, if necessary it shall promptly, without delay, take such steps and file such documents necessary with the federal regulatory authorities in order to obtain such approval of shareholders necessary to amend the Restated Certificate of Incorporation and obtain appropriate statutory authority to reserve the shares in accordance with paragraph 4.2,4.3 and 4.4 hereof.</font></p>\n<p align=justify><font size=2> (c) In the event, for any reason, the Company is required but unable to obtain the requisite approvals to amend the Restated Certificate of Incorporation or is otherwise unable to obtain the Statutory authority necessary to reserve the shares pursuant to paragraphs 4.2, 4.3 and 4.4, at the option of the Executive, the Company agrees to promptly renegotiate and substitute additional compensation provisions in lieu of those presently provided by said paragraphs.</font></p>\n<p align=justify><font size=2> 4.9 <u>Adjustments</u>. If the outstanding shares of common stock of the Company are increased, decreased or exchanged for a different number or kind of shares or other securities, or if additional shares or new or different shares or other securities are distributed in respect of such shares of common stock (or any stock or securities received with respect to such common stock), through merger, consolidation, sale or exchange of all or substantially all of the properties of the Company, reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split, spin-off or other distribution with respect to such shares of Common Stock (or any stock or securities received with respect to such common stock), or (ii) if the value of the outstanding shares of common stock of the Company is reduced by reason of an extraordinary cash dividend, a fair, appropriate and proportionate adjustment shall be made in (x) the maximum number and kind of Shares provided in Section 4.2, (y) the number and kind of shares or other securities subject to then outstanding Performance Awards described in Section 4.4, and (z) the price for each share or other unit of any other securities subject to then outstanding Performance Awards described in Section 4.4. Adjustments under this Section 4.9 will be made by the applicable authority, whose determination as to what adjustments will be made and the extent thereof will be final, binding and conclusive. No fractional interests will be issued from any such adjustments.</font></p>\n<p align=justify><font size=2> 5. <U>NON-COMPETITION; NON-DISCLOSURE</U>.</font></p>\n<p align=justify><font size=2> 5.1 <u>Non-Competition</u>. During the Employment Period and for a period of twelve (12) months after the termination of the Executive’s employment with the Company for any reason (collectively the “Restriction Period”), the Executive shall not, either directly or indirectly, for himself or any third party, anywhere within or outside the United States (a) engage in or have any interest in any activity that directly or indirectly competes with the business of the Company or of any of its affiliates (which for purposes hereof shall include all subsidiaries or parent companies of the Company, now or in the future during the Employment Period), as conducted at any time during the Employment Period, including without limitation, accepting employment from or providing consulting services to any such competitor, owning any interest in or being a partner, shareholder or owner of any such competitor, (b) solicit, induce, recruit, or cause another person in the employ of the Company or its affiliates or who is a consultant or independent contractor for the Company or its affiliates to terminate his employment, engagement or other relationship with the Company or its affiliates, or (c) solicit or accept business from any individual or entity which shall have obtained the goods or services of, or purchased goods or services from, the Company or its affiliates during the two year period immediately prior to the end of the Employment Period or which otherwise competes with or engages in a business which is competitive with or similar to the business of the Company or any of its affiliates, (d) call on, solicit or accept any business from any of the actual or targeted prospective customers of the Company or its affiliates (the identity of and information concerning which constitute trade secrets and Confidential Information of the Company) on behalf of any person or entity in connection with any business competitive with the business of the Company, nor shall the Executive make known the names and addresses of </font></p>\n<CENTER><font size=2>4</font></CENTER><br><HR noshade align=center width=100% size=2>\n\n<p align=justify><font size=2>such customers or any information relating in any manner to the Company’s trade or business relationships with such customers, other than in connection with the performance of Executive’s duties under this Agreement.</font></p>\n<p align=justify><font size=2> 5.2 <u>Non-disclosure</u>. The Executive shall not at any time during the term hereof or thereafter divulge, communicate, or use in any way, any Confidential Information (as hereinafter defined) pertaining to the business of the Company. Any Confidential Information or data now or hereafter acquired by the Executive with respect to the business of the Company (which shall include, but not be limited to information concerning the Company’s financial condition, prospects, technology, customers, suppliers, sources of leads and methods of doing business) shall be deemed a valuable, special and unique asset of the Company that is received by the Executive in confidence and as a fiduciary, and Executive shall remain a fiduciary to the Company with respect to all of such information. For purposes of this Agreement, the term “Confidential Information” includes, but is not limited to, information disclosed to the Executive or known by the Executive as a consequence of or through his employment by the Company (including information conceived, originated, discovered or developed by the Executive) prior to or after the date hereof, and not generally known, about the Company or its business. Notwithstanding the foregoing, nothing herein shall be deemed to restrict the Executive from disclosing Confidential Information to the extent required by law provided that prior to disclosing any such information required by law, Executive shall give prior written notice thereof to Company and provide Company with the opportunity to contest the disclosure. The Executive shall not disclose, without limitation as to time, Confidential Information to any person, firm, corporation, association or other entity for any purpose or reason whatsoever, except (i) to authorized representatives of the Company, (ii) during the Employment Period, such information may be disclosed by the Executive as is specifically required by Company in the course of performing his duties for the Company, and (iii) to counsel and other advisers of Company subject to Company’s prior approval and provided that such advisers agree to the confidentiality provisions of this Section 5.2.</font></p>\n<p align=justify><font size=2> 5.3 <u>Ownership of Developments</u>. All copyrights, patents, trade secrets, or other intellectual property rights associated with any ideas, concepts, techniques, inventions, processes or works of authorship developed or created by Executive during the course of performing work for the Company or its customers (collectively, the “Work Product”) shall belong exclusively to the Company and shall, to the extent possible, be considered a work made by the Executive for hire for the Company within the meaning of Title 17 of the United States Code. To the extent the Work Product may not be considered work made by the Executive for hire for the Company, the Executive agrees to assign, and automatically assign at the time of creation of the Work Product, without any requirement of further consideration, any right, title, or interest the Executive may have in such Work Product. Upon the request of the Company, the Executive shall take such further actions, including execution and delivery of instruments of conveyance, as may be appropriate to give full and proper effect to such assignment. All of the foregoing shall also be deemed Confidential Information for the purposes of Section 5.2, above.</font></p>\n<p align=justify><font size=2> 5.4 <u>Books and Records</u>. All books, records, and accounts relating in any manner to the Company (i.e., financial information, customer, supplier, vendor identity, etc.), whether prepared by the Executive or otherwise coming into the Executive’s possession, shall be the exclusive property of the Company and shall be returned immediately to the Company on termination of the Executive’s employment hereunder or otherwise on the Company’s request at any time.</font></p>\n<p align=justify><font size=2> 5.5 <u>Definition of Company</u>. Solely for purposes of this Agreement, the term “Company” also shall include any existing or future subsidiaries of the Company that are operating during the time periods described herein and any other entities that directly or indirectly, through one or more intermediaries, control, are controlled by or are under common control with the Company during the periods described herein.</font></p>\n<p align=justify><font size=2> 5.6 <u>Acknowledgment by Executive</u>. The Executive acknowledges and confirms that (i) the restrictive covenants contained in this Section 5 are reasonably necessary to protect the legitimate business interests of the Company, and (ii) the restrictions contained in this Section 5 (including without limitation the geographic area and length of the term of the provisions of this Section 5) are not overbroad, overlong, or unfair and are not the result of overreaching, duress or coercion of any kind. The Executive acknowledges and confirms that his special knowledge of the business of the Company is or will be such as would cause the Company serious injury or loss if he were to use such ability and knowledge to the benefit of a competitor or were to compete with the Company in violation of the terms of this Section 5. The Executive further acknowledges that the restrictions contained in this Section 5 are intended to be, and shall be, for the benefit of and shall be enforceable by, the Company’s successors and assigns and shall be enforced to the fullest extent of the law applicable at the time that Company deems it necessary or advisable to enforce the restrictive covenants and other provisions of this Section 5.</font></p>\n<CENTER><font size=2>5</font></CENTER><br><HR noshade align=center width=100% size=2>\n\n<p align=justify><font size=2> 5.7 <u>Injunctive Relief; Damages</u>. Because of the difficulty of measuring economic losses to the Company as a result of a breach of the foregoing covenants in this Section 5, and because of the immediate and irreparable damage that could be caused to the Company for which it would have no other adequate remedy, the Executive agrees that the foregoing covenants may be enforced by the Company in the event of breach by the Executive, by injunctions and restraining orders. Nothing herein shall be construed as prohibiting the Company from pursuing any other available remedy for such breach or threatened breach, including the recovery of damages.</font></p>\n<p align=justify><font size=2> 5.8 <u>Severability; Reformation; Independent Covenants</u>. The covenants in this Section 5 are severable and separate, and the unenforceability of any specific covenant shall not affect the provisions of any other covenant. Moreover, in the event any court of competent jurisdiction shall determine that the scope, time or territorial restrictions set forth are unreasonable, then it is the intention of the parties that such restrictions be enforced to the fullest extent which the court deems reasonable, and the Agreement shall thereby be reformed. Each covenant and agreement of Executive in this Section 5 shall be construed as an agreement independent of any other provision in this Agreement, and the existence of any claim or cause of action by the Executive against the Company (including the affiliates thereof), whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of such covenants or agreements. It is specifically agreed that the periods of restriction during which the agreements and covenants of the Executive made in this Section 5 shall be effective, shall be computed by extending such periods by the amount of time during which the Executive is in violation of any provision of Section 5. The covenants contained in this Section 5 shall not be affected by any breach of any other provision hereof by any party hereto.</font></p>\n<p align=justify><font size=2> 5.9 <u>Survival</u>. The obligations of the parties under this Section 5 shall survive the termination of this Agreement.</font></p>\n<p align=justify><font size=2> 6. <U>EARLY TERMINATION OF EXECUTIVE EMPLOYMENT</U>. This Agreement may be terminated by either Party before the expiration of the Employment Period for any reason, but subject to the terms, conditions and remedies set forth in this Section 6, which shall provide the sole and exclusive remedy for any such termination.</font></p>\n<p align=justify><font size=2> 6.1 <u>Uncompensated Terminations</u>. If the Executive resigns from the Executive’s employment hereunder without Cause (as defined in Section 7(a), or if the Company terminates the Executive for Cause (as defined in Section 7(b)), then the Executive shall be entitled to receive a cash sum payment of the portion of Annual Base Salary earned up to and including the Date of Termination (as defined in Section 6.4(b)), and any benefits that have accrued under Sections 4.2 through 4.6 up to and including the Date of Termination. The amount of cash payable to the Executive under this Section 6.1 shall be payable in accordance with the Company’s normal payroll practices and any other benefits described in Sections 4.2 through 4.6 will be handled in accordance with the established procedures for each applicable benefit. More particularly, Executive shall be entitled only to (a) such Shares that have actually vested as of the Date of Termination; (b) such Stock Options that he has exercised or entitled to exercise as of the Date of Termination; and (c) such bonuses, if any, that he has earned as of the Date of Termination. Any payments or benefits to which Executive is otherwise entitled under this Section 6.1 shall be subject to setoff to the extent of any claims, which Company has against Executive.</font></p>\n<p align=justify><font size=2> 6.2 <u>Compensated Termination</u>. If the Executive resigns for Cause or other than a Change in Control (except for a forced resignation as described in Section 6.3(b)), or is terminated by the Company without Cause, in each case prior to the expiration of the Employment Period, the Executive’s employment hereunder shall terminate on the Date of Termination and the Executive shall be entitled to the following:</font></p>\n<p align=justify><font size=2> (a) the unpaid portion of Salary due the Executive for the period of time through the Date of Termination, payable in accordance with the Company’s regular payroll practices;</font></p>\n<p align=justify><font size=2> (b) a severance cash payment equal to six (6) months of the then current Annual Base Salary of Executive;</font></p>\n<p align=justify><font size=2> (c) a number of Shares equal to six (6) months of the Shares described in Section 4.2, which Shares shall be deemed earned and vested, and any restrictions on such Shares except as required by applicable law shall immediately lapse and such Shares shall become nonforfeitable. The Shares shall be delivered to Executive pursuant to the time periods and procedures provided for in Section 4.2, above.</font></p>\n<CENTER><font size=2>6</font></CENTER><br><HR noshade align=center width=100% size=2>\n\n<p align=justify><font size=2> (d) a number of Stock Options equal to six (6) months of the Stock Options described in Section 4.3, and any other Company stock options granted to Executive, which Stock Options shall be deemed vested, and any restrictions on such Stock Options except as required by applicable law shall immediately lapse and such Stock Options shall be fully exercisable in accordance with the requirements (except continued employment) of Section 4.3;</font></p>\n<p align=justify><font size=2> (e) the product of (I) any Performance Awards described in Section 4.4 which Executive can show that he reasonably would have received had Executive remained in such Executive capacity with the Company through the end of the calendar year in which occurs Executive’s Date of Termination, multiplied by (II) a fraction, the numerator of which is the number of days in the calendar year in which the Date of Termination occurs through the Date of Termination and the denominator of which is 365, but only to the extent not previously paid; provided that any payments pursuant to this Section 6.2(e) shall be made within 30 days following the end of the calendar year in which occurs Executive’s Date of Termination;</font></p>\n<p align=justify><font size=2> (f) for six (6) months following the Date of Termination, Company shall continue to provide medical and dental benefits only to Executive on the same basis as such benefits are provided during such period to the senior executive officers of Company; provided, however, that if Company’s welfare plans do not permit such coverage, Company will provide Executive the medical benefits (with the same after tax effect) outside of such plans; and</font></p>\n<p align=justify><font size=2> (g) To the extent not theretofore paid or provided, Company shall timely pay or provide to Executive any other amounts or benefits which Executive is entitled to receive through the Date of Termination under any plan, program, policy or practice or contract or agreement of Company and its affiliates, including accrued vacation to the extent unpaid (such other amounts and benefits shall be hereinafter referred to as the “Other Benefits”).</font></p>\n<p align=justify><font size=2> 6.3 <u>Termination Due to Change in Control; Death or Permanent Disability.</u></font></p>\n<p align=justify><font size=2> (a) If the Company undergoes a Change in Control (as defined in Section 7(c)), the Executive has 120 days on or following the date of the Change in Control to terminate his employment under this Agreement pursuant to this Section 6.3(a); provided, however, that if the Executive is forced to resign, then Executive shall be entitled to all of the compensation and benefits described in Section 6.2.</font></p>\n<p align=justify><font size=2> (b) If the Executive becomes Permanently Disabled (as defined in Section 7(e)) or dies prior to the expiration of the Employment Period, the Executive’s employment hereunder shall terminate on the Date of Termination.</font></p>\n<p align=justify><font size=2> (c) If the Executive’s employment is Terminated pursuant to either Sections 6.3(a) (except for a forced resignation) or 6.3(b), the Executive or, in the case of the Executive’s death, the Executive’s beneficiary or other legal representative, shall be entitled to: (i) the unpaid portion of the Annual Base salary described in Section 4.1 due the Executive up to the Date of Termination, which amount shall be payable in accordance with the Company’s regular payroll practices, (ii) the Shares described in Section 4.2, to the extent earned and vested, which restrictions, if any, shall immediately lapse and become nonforfeitable except as otherwise required by law, (iii) the stock options described in Section 4.3, to the extent granted and vested, shall become fully exercisable, (iv) any Performance Awards described in Section 4.4, in the Compensation Committee’s discretion, and (v) continuation of medical and dental benefits to Executive’s spouse and/or eligible dependents, if any, for six (6) months, on the same basis as such benefits are provided during such period to the senior executive officers of Company; provided, however, that if Company’s welfare plans do not permit such coverage, Company will provide Executive the medical benefits (with the same after tax effect) outside of such plans, and (vi) to the extent not theretofore paid or provided, any unpaid vacation pay or expense reimbursement or other applicable Other Benefits.</font></p>\n<p align=justify><font size=2> 6.4 <u>Notice and Date of Termination</u>.</font></p>\n<p align=justify><font size=2> (a) Any termination of the Executive’s employment hereunder by the Company or the Executive (other than termination due to the Executive’s death) shall be communicated by a written “Notice of Termination” to the other Party in accordance with Section 11 hereof. A Notice of Termination shall indicate the specific provision of Section 6 relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated.</font></p>\n<p align=justify><font size=2> (b) “Date of Termination” shall mean</font></p>\n<CENTER><font size=2>7</font></CENTER><br><HR noshade align=center width=100% size=2>\n\n<p align=justify><font size=2> (i) If the Executive resigns, the date that the Executive sets forth as his last day, but not later than 30 days after the date Executive sends the Notice and, subject to Company’s right to accelerate the Date of Termination to any earlier date;</font></p>\n<p align=justify><font size=2> (ii) If the Executive’s employment hereunder is terminated by the Company, the date specified in the Notice of Termination, which shall be such date determined by the Company; provided, however, that if such termination by the Company is for Cause, the Date of Termination shall not be earlier than the expiration of any applicable remedy period and no later than 60 days following the Notice of Termination;</font></p>\n<p align=justify><font size=2> (iii) If the Executive’s employment hereunder is terminated due to the Executive becoming Permanently Disabled, the date the Company reasonably determines that he has become Permanently Disabled;</font></p>\n<p align=justify><font size=2> (iv) If the Executive’s employment hereunder is terminated due to death, the date of death; or</font></p>\n<p align=justify><font size=2> (v) If the Executive’s employment hereunder is terminated by reason of the expiration of the Employment Period, the date determined or set forth in Section 1.</font></p>\n<p align=justify><font size=2> 6.5 <u>Company’s Rights Not Prejudiced</u>. Notwithstanding anything to the contrary in this Agreement, any payments or distributions of Shares, Stock Options or Other Benefits of any nature which Company makes to Executive shall be without prejudice to Company’s rights to assert any claims that Company has or may have against Executive.</font></p>\n<p align=justify><font size=2> 7. <U>DEFINITIONS</U>. As used in this Agreement, the following terms shall have the following meanings:</font></p>\n<p align=justify><font size=2> (a) “Cause,” when used by the Executive as the basis for resigning from his employment hereunder, shall mean: (i) the Company’s willful, material breach of any material obligation of the Company under this Agreement, after giving the Company notice of such breach and thirty (30) days to cure such breach; or (ii) the occurrence of a Change in Control (as defined below), subject to Section 6.3(a).</font></p>\n<p align=justify><font size=2> (b) “Cause,” when used by the Company as a basis for terminating the Executive’s employment hereunder, shall mean: (i) the Executive’s willful, material breach of any material obligation of the Executive under this Agreement, including unreasonable failure or refusal to perform the duties required of him, after giving the Executive notice of such breach and thirty (30) days to cure such breach; (ii) any willful misconduct in connection with his employment that could materially impair the financial condition or reputation of the Company; or (iii) the Executive’s conviction for, or plea of guilty or nolo contendre (or similar plea) to any criminal offense that is a felony or includes fraud as an element of the offense.</font></p>\n<p align=justify><font size=2> (c) “Change in Control” means the following and shall be deemed to occur if any of the following events occur:</font></p>\n<p align=justify><font size=2> (i) Any “person,” as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (a “Person”), is or becomes the “beneficial owner,” as defined in Rule 13d-3 under the Exchange Act (a “Beneficial Owner”), directly or indirectly, of securities of the Company representing (i) 20% or more of the combined voting power of the Company’s then outstanding voting securities, which acquisition is not approved in advance of the acquisition or within 30 days after the acquisition by a majority of the Incumbent Board (as hereinafter defined) or (ii) 33% or more of the combined voting power of the Company’s then outstanding voting securities, without regard to whether such acquisition is approved by the Incumbent Board;</font></p>\n<p align=justify><font size=2> (ii) Individuals who, as of the date hereof, constitute the Board of Directors (the “Incumbent Board”), cease for any reason to constitute at least a majority of the Board of Directors, provided that any person becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s stockholders, is approved by a vote of at least a majority of the directors then comprising the Incumbent Board (other than an election or nomination of an individual whose initial assumption of office is in connection with an actual or threatened election contest relating to the election of the directors of the Company, as such terms are </font></p>\n<CENTER><font size=2>8</font></CENTER><br><HR noshade align=center width=100% size=2>\n\n<p align=justify><font size=2>used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) shall, for the purposes of this Director Plan, be considered as though such person were a member of the Incumbent Board of the Company;</font></p>\n<p align=justify><font size=2> (iii) The consummation of a merger, consolidation or reorganization involving the Company, other than one which satisfies both of the following conditions:</font></p>\n<p align=justify><font size=2> (A) a merger, consolidation or reorganization which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of another entity) at least 55% of the combined voting power of the voting securities of the Company or such other entity resulting from the merger, consolidation or reorganization (the “Surviving Corporation”) outstanding immediately after such merger, consolidation or reorganization and being held in substantially the same proportion as the ownership in the Company’s voting securities immediately before such merger, consolidation or reorganization, and</font></p>\n<p align=justify><font size=2> (B) a merger, consolidation or reorganization in which no Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 20% or more of the combined voting power of the Company’s then outstanding voting securities; or</font></p>\n<p align=justify><font size=2> (iv) The stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or other disposition by the Company of all or substantially all of the Company’s assets.</font></p>\n<p align=justify><font size=2> Notwithstanding the preceding provisions of this Paragraph (c), a Change in Control shall not be deemed to have occurred if the Person described in the preceding provisions of this Paragraph (c) is (1) an underwriter or underwriting syndicate that has acquired any of the Company’s then outstanding voting securities solely in connection with a public offering of the Company’s securities, (2) the Company or any subsidiary of the Company or (3) an employee stock ownership plan or other employee benefit plan maintained by the Company that is qualified under the provisions of the Code. In addition, notwithstanding the preceding provisions of this Paragraph (c), a Change in Control shall not be deemed to have occurred if the Person described in the preceding provisions of this Paragraph (c) becomes a Beneficial Owner of more than the permitted amount of outstanding securities as a result of the acquisition of voting securities by the Company which, by reducing the number of voting securities outstanding, increases the proportional number of shares beneficially owned by such Person, provided, that if a Change in Control would occur but for the operation of this sentence and such Person becomes the Beneficial Owner of any additional voting securities (other than through the exercise of options granted under any stock option plan of the Company or through a stock dividend or stock split), then a Change in Control shall occur.</font></p>\n<p align=justify><font size=2> (d) “Disability” means Executive’s absence from his duties with Company on a full-time basis for 90 days during any consecutive twelve-month period as a result of incapacity due to mental or physical illness as determined by a physician selected by Company and acceptable to Executive. If Company determines in good faith that Executive’s Disability has occurred during the Employment Period, it may give Executive written notice in accordance with Section 6.4(a) of this Agreement of its intention to terminate Executive’s employment. In such event, Executive’s employment shall terminate effective on the thirtieth (30th) day after Executive’s receipt of such notice (the “Disability Effective Date”), unless, within the thirty (30) days after such receipt, Executive shall have been cleared by the physician to return to work and has returned to full-time performance of his duties.</font></p>\n<p align=justify><font size=2> (e) “Permanently Disabled” shall mean when, and only when, the Executive is unable, by reason of illness or accident, to perform, for a continuous 180-day period, the material elements of his duties hereunder, and the Company has reasonably determined, based upon medical documentation, that the Executive for such reason is unlikely to be able to resume such duties in the foreseeable future.</font></p>\n<p align=justify><font size=2> 8. <U>ASSIGNMENT</U>. Executive shall not have the right to assign or delegate his rights or obligations hereunder, or any portion thereof, to any other person.</font></p>\n<p align=justify><font size=2> 9. <U>GOVERNING LAW</U>. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida without regard to its conflict of laws principles to the extent that such principles would require the application of laws other than the laws of the State of Florida. Venue for any action brought hereunder shall be exclusively in Broward County, Florida and the parties hereto waive any claim that such forum is inconvenient.</font></p>\n<CENTER><font size=2>9</font></CENTER><br><HR noshade align=center width=100% size=2>\n\n<p align=justify><font size=2> 10. <U>ENTIRE AGREEMENT</U>. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and, upon its effectiveness, shall supersede all prior agreements, understandings and arrangements, both oral and written, between the Executive and the Company (or any of its affiliates) with respect to such subject matter. This Agreement may not be modified in any way unless by written instrument signed by both the Company and the Executive.</font></p>\n<p align=justify><font size=2> 11. <U>NOTICES</U>. All notices required or permitted to be given hereunder shall be in writing and shall be personally delivered by courier, sent by registered or certified mail, return receipt requested or sent by confirmed facsimile transmission addressed as set forth herein. Notices personally delivered, sent by facsimile or sent by overnight courier shall be deemed given on the date of delivery and notices mailed in accordance with the foregoing shall be deemed given upon the earlier of receipt by the addressee, as evidenced by the return receipt thereof, or three (3) days after deposit in the U.S. mail. Notice shall be sent (i) if to the Company, addressed to its President at Newport Center Plaza, 1239 East Newport Center Drive, Suite 101, Deerfield Beach, Florida 33442 with a copy to Sader & LeMaire, P.A., 1901 West Cypress Creek Road, Suite 415, Fort Lauderdale, Florida 33309, Attention: Robert L. Sader, Esquire, and (ii) if to the Executive, to his address as reflected on the payroll records of the Company, or to such other address as either party hereto may from time to time give notice of to the other.</font></p>\n<p align=justify><font size=2> 12. <U>BENEFITS; BINDING EFFECT</U>. This Agreement shall be for the benefit of and binding upon the parties hereto and their respective heirs, personal representatives, legal representatives, successors and, where applicable, assigns, including, without limitation, any successor to the Company, whether by merger, consolidation, sale of stock, sale of assets or otherwise.</font></p>\n<p align=justify><font size=2> 13. <U>SEVERABILITY</U>. The invalidity of any one or more of the words, phrases, sentences, clauses or sections contained in this Agreement shall not affect the enforceability of the remaining portions of this Agreement or any part thereof. If any invalidity is caused by length of time or size of area, or both, the otherwise invalid provision will be considered to be reduced to a period or area which would cure such invalidity.</font></p>\n<p align=justify><font size=2> 14. <U>WAIVER</U>. The waiver by either party hereto of a breach or violation of any term or provision of this Agreement shall not operate nor be construed as a waiver of any subsequent breach or violation.</font></p>\n<p align=justify><font size=2> 15. <U>CONSTRUCTION</U>. This Agreement shall be construed without regard to any presumption or other rule requiring construction against the party causing the drafting hereof, each party having been given the opportunity to be represented by counsel of their choice in connection with the negotiation of this Agreement.</font></p>\n<p align=justify><font size=2> 16. <U>SECTION HEADINGS</U>. The section headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.</font></p>\n<p align=justify><font size=2> 17. <U>SINGULAR, PLURAL; GENDER</U>. Whenever used herein, nouns in the singular shall include the plural, and the masculine pronoun shall include the feminine gender.</font></p>\n<p align=justify><font size=2> 18. <U>NO THIRD PARTY BENEFICIARY</U>. Nothing expressed or implied in this Agreement is intended or shall be construed, to confer upon or give any person other than the Company, the parties hereto and their respective heirs, personal representatives, legal representatives, successors and permitted assigns, any rights or remedies under or by reason of this Agreement.</font></p>\n<p align=justify><font size=2> 19. <U>EMPLOYEE HANDBOOK; OTHER INSTRUMENTS</U>. The provisions of this Agreement shall, to the extent of any conflict, supercede and take precedence over any provisions of the Company’s employee handbook, as it exists from time to time, or any other existing or future agreements or instruments pertaining to or governing the rights and obligations of the parties to one another insofar as permissible under applicable laws.</font></p>\n\n<CENTER><font size=2>10</font></CENTER><br><HR noshade align=center width=100% size=2>\n\n<p align=justify><font size=2> IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.</font></p>\n<table width=80% cellspacing=0 cellpadding=0><tr><td width=40% align=left><font size=2>COMPANY<br><br><br></font></td>\n <td width=5%> </td>\n <td width=5%> </td>\n<td width=40% align=left><font size=2>WITNESS<br><br><br></font></td></tr>\n<tr><td width=40% align=left><font size=2>By: <u> /s/ Timothy M. Kardok </u></font></td>\n <td width=5%> </td>\n<td width=5% align=left><font size=2> </font></td>\n<td width=40% align=left><font size=2><u>/s/ Amy E. Major </u></font></td></tr>\n<tr><td width=40% align=left valign=\"top\"><font size=2>Name: Timothy M. Kardok <br>Title: Chief Executive Officer and President</font></td>\n <td width=5%> </td>\n <td width=5%> </td>\n<td width=40% align=left><font size=2><u>/s/ Lori G. Mays </u></font></td></tr>\n</TABLE><br>\n<table width=80% cellspacing=0 cellpadding=0><tr><td width=40% align=left><font size=2>EXECUTIVE<br><br><br></font></td>\n <td width=5%> </td>\n <td width=5%> </td>\n<td width=40% align=left><font size=2>WITNESS<br><br><br></font></td></tr>\n<tr><td width=40% align=left><font size=2>By: <u> /s/ Arthur K. Guyton </u></font></td>\n <td width=5%> </td>\n<td width=5% align=left><font size=2> </font></td>\n<td width=40% align=left><font size=2><u>/s/ Lori G. 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https://www.sec.gov/Archives/edgar/data/889331/0000950137-07-002879-index.html | https://www.sec.gov/Archives/edgar/data/889331/0000950137-07-002879.txt | 889331 | LITTELFUSE INC /DE | 10-K | 2007-02-27 | 2006-12-30 | 7 | SUMMARY OF EXECUTIVE OFFICER COMPENSATION | EX-10.19 | 8777 | c12654exv10w19.txt | https://www.sec.gov/Archives/edgar/data/889331/000095013707002879/c12654exv10w19.txt | gs://sec-exhibit10/files/full/2b915efe6fb8eceb9038f78a2dcc141ff6abd3d8.txt | txt | {"Filing Date": "2007-02-27", "Accepted": "2007-02-27 17:29:58", "Documents": "14", "Period of Report": "2006-12-30"} | <DOCUMENT>
<TYPE>EX-10.19
<SEQUENCE>7
<FILENAME>c12654exv10w19.txt
<DESCRIPTION>SUMMARY OF EXECUTIVE OFFICER COMPENSATION
<TEXT>
<PAGE>
EXHIBIT 10.19
LITTELFUSE, INC.
SUMMARY OF EXECUTIVE OFFICER COM... |
https://www.sec.gov/Archives/edgar/data/912240/0000898430-97-004674-index.html | https://www.sec.gov/Archives/edgar/data/912240/0000898430-97-004674.txt | 912240 | G&L REALTY CORP | 10-Q | 1997-11-05 | 1997-09-30 | 11 | PROMISSORY NOTE | EX-10.71 | 13743 | null | https://www.sec.gov/Archives/edgar/data/912240/0000898430-97-004674.txt | gs://sec-exhibit10/files/full/a6fc275fe5c61f988c7bc2439aa6c8e637e6947d.txt | txt_filing | {"Filing Date": "1997-11-05", "Accepted": "1997-11-05 00:00:00", "Documents": "17", "Period of Report": "1997-09-30", "SROs": "NYSE"} |
<DOCUMENT>
<TYPE>EX-10.71
<SEQUENCE>11
<DESCRIPTION>PROMISSORY NOTE
<TEXT>
<PAGE>
EXHIBIT 10.71
PROMISSORY NOTE
$870,000.00 September 29, 1997
For value receiv... |
https://www.sec.gov/Archives/edgar/data/931148/0000931148-97-000003-index.html | https://www.sec.gov/Archives/edgar/data/931148/0000931148-97-000003.txt | 931148 | UCAR INTERNATIONAL INC | 10-Q | 1997-05-01 | 1997-03-31 | 5 | REAFFIRMATION AGREEMENT | EX-10.9 | 26548 | null | https://www.sec.gov/Archives/edgar/data/931148/0000931148-97-000003.txt | gs://sec-exhibit10/files/full/c0ec144848bd3912410bba7b53147392ace02eab.txt | txt_filing | {"Filing Date": "1997-05-01", "Accepted": "1997-05-01 00:00:00", "Documents": "7", "Period of Report": "1997-03-31", "SROs": "NYSE"} |
<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>5
<DESCRIPTION>REAFFIRMATION AGREEMENT
<TEXT>
EXHIBIT 10.9
CONFORMED COPY
REAFFIRMATION AGREEMENT, date... |
https://www.sec.gov/Archives/edgar/data/798952/0000950117-97-001552-index.html | https://www.sec.gov/Archives/edgar/data/798952/0000950117-97-001552.txt | 798952 | MSU CORP | 10-K | 1997-09-26 | 1997-06-30 | 7 | EXHIBIT 10.18 | EX-10 | 28313 | null | https://www.sec.gov/Archives/edgar/data/798952/0000950117-97-001552.txt | gs://sec-exhibit10/files/full/2a8edf741842150b8312223320dbcaf3bcf8cd2e.txt | txt_filing | {"Filing Date": "1997-09-26", "Accepted": "1997-09-26 00:00:00", "Documents": "8", "Period of Report": "1997-06-30", "SROs": "NONE"} |
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>7
<DESCRIPTION>EXHIBIT 10.18
<TEXT>
<PAGE>
SERVICE AGREEMENT
-----------------
Dated this 29th Day of January, 1997 (the "Effective Date").
PARTIES
- -------
1. 'The Company': MSU (UK) Limited of Elder Hous... |
https://www.sec.gov/Archives/edgar/data/36840/0001174947-15-000044-index.html | https://www.sec.gov/Archives/edgar/data/36840/0001174947-15-000044.txt | 36840 | FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY | 10-K | 2015-01-14 | 2014-10-31 | 2 | EX-10.8 | EX-10.8 | 71102 | ex10-8.htm | https://www.sec.gov/Archives/edgar/data/36840/000117494715000044/ex10-8.htm | gs://sec-exhibit10/files/full/554359a3907a6f43d305e38f06bc96e09dad0fff.htm | html | {"Filing Date": "2015-01-14", "Accepted": "2015-01-14 10:35:13", "Documents": "14", "Period of Report": "2014-10-31"} | <DOCUMENT>
<TYPE>EX-10.8
<SEQUENCE>2
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<DESCRIPTION>EX-10.8
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<TYPE>EX-10.58
<SEQUENCE>5
<FILENAME>tmb-20201231xex10d58.htm
<DESCRIPTION>EX-10.58
<TEXT>
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex_784518.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit101-2013employeesto.htm
<DESCRIPTION>EX-10.1
<TEXT>
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https://www.sec.gov/Archives/edgar/data/1934902/0001193125-22-193839-index.html | https://www.sec.gov/Archives/edgar/data/1934902/0001193125-22-193839.txt | 1934902 | Santander Drive Auto Receivables Trust 2022-4 | 8-K | 2022-07-14 | 2022-07-12 | 6 | EX-10.3 | EX-10.3 | 80098 | d308225dex103.htm | https://www.sec.gov/Archives/edgar/data/1383094/000119312522193839/d308225dex103.htm | gs://sec-exhibit10/files/full/2c0aa4993519a61d3eb98fce120aac78c2d565ad.htm | html | {"Filing Date": "2022-07-14", "Accepted": "2022-07-14 16:59:04", "Documents": "10", "Period of Report": "2022-07-12", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>6
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exh... |
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<TYPE>EX-10.1
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<DESCRIPTION>EXHIBIT 10.1
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https://www.sec.gov/Archives/edgar/data/1428397/0001144204-13-037862-index.html | https://www.sec.gov/Archives/edgar/data/1428397/0001144204-13-037862.txt | 1428397 | MIMVI, INC. | 8-K | 2013-07-02 | 2013-07-01 | 4 | LEAK-OUT AND LOCKUP AGREEMENT | EX-10.3 | 20020 | v349020_ex10-3.htm | https://www.sec.gov/Archives/edgar/data/1428397/000114420413037862/v349020_ex10-3.htm | gs://sec-exhibit10/files/full/cbce0dc86e46927c4c813c4acf46208e977ede2e.htm | html | {"Filing Date": "2013-07-02", "Accepted": "2013-07-02 17:00:20", "Documents": "9", "Period of Report": "2013-07-01", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>v349020_ex10-3.htm
<DESCRIPTION>LEAK-OUT AND LOCKUP AGREEMENT
<TEXT>
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https://www.sec.gov/Archives/edgar/data/1348362/0001062993-16-010126-index.html | https://www.sec.gov/Archives/edgar/data/1348362/0001062993-16-010126.txt | 1348362 | Lexaria Bioscience Corp. | 8-K | 2016-06-08 | 2016-06-08 | 2 | EXHIBIT 10.1 | EX-10.1 | 155824 | exhibit10-1.htm | https://www.sec.gov/Archives/edgar/data/1348362/000106299316010126/exhibit10-1.htm | gs://sec-exhibit10/files/full/07979e13eb367108a569fdf0a2f682236ee4b462.htm | html | {"Filing Date": "2016-06-08", "Accepted": "2016-06-08 15:00:49", "Documents": "12", "Period of Report": "2016-06-08", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
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https://www.sec.gov/Archives/edgar/data/861179/0000950123-00-008552-index.html | https://www.sec.gov/Archives/edgar/data/861179/0000950123-00-008552.txt | 861179 | HEALTH MANAGEMENT SYSTEMS INC | 10-Q | 2000-09-14 | 2000-07-31 | 8 | FIFTH AMENDMENT TO THE LEASE | EX-10.7 | 2903 | y40353ex10-7.txt | https://www.sec.gov/Archives/edgar/data/861179/000095012300008552/y40353ex10-7.txt | gs://sec-exhibit10/files/full/8a8760a47839a272bc013118061d9045f214c10b.txt | txt | {"Filing Date": "2000-09-14", "Accepted": "2000-09-14 00:00:00", "Documents": "10", "Period of Report": "2000-07-31"} | <DOCUMENT>
<TYPE>EX-10.7
<SEQUENCE>8
<FILENAME>y40353ex10-7.txt
<DESCRIPTION>FIFTH AMENDMENT TO THE LEASE
<TEXT>
<PAGE> 1
Exhibit Number 10.7
FIFTH AMENDMENT OF LEASE
------------------------
THIS AGREEMENT, made as of the 30th day of May, 2000 betw... |
https://www.sec.gov/Archives/edgar/data/1655888/0001564590-20-005281-index.html | https://www.sec.gov/Archives/edgar/data/1655888/0001564590-20-005281.txt | 1655888 | Owl Rock Capital Corp | 10-K | 2020-02-19 | 2019-12-31 | 3 | EX-10.44 | EX-10.44 | 43675 | owl-ex1044_91.htm | https://www.sec.gov/Archives/edgar/data/1655888/000156459020005281/owl-ex1044_91.htm | gs://sec-exhibit10/files/full/9a5d71713efc34d95026c9bad5a17e28dd4e4c2f.htm | html | {"Filing Date": "2020-02-19", "Accepted": "2020-02-19 16:09:57", "Documents": "11", "Period of Report": "2019-12-31"} | <DOCUMENT>
<TYPE>EX-10.44
<SEQUENCE>3
<FILENAME>owl-ex1044_91.htm
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<TYPE>EX-10.34
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<DESCRIPTION>EXHIBIT 10.34
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<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>exhibit105-q12018.htm
<DESCRIPTION>EXHIBIT 10.5
<TEXT>
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https://www.sec.gov/Archives/edgar/data/1082198/0001376474-16-000847-index.html | https://www.sec.gov/Archives/edgar/data/1082198/0001376474-16-000847.txt | 1082198 | Pernix Group, Inc. | 8-K | 2016-09-30 | 2016-09-26 | 6 | PREFERRED SHARES AMENDMENT AGREEMENT WITH HALBARAD GROUP LTD., BVI | EX-10.5 | 2429 | prxg_ex10z5.htm | https://www.sec.gov/Archives/edgar/data/1082198/000137647416000847/prxg_ex10z5.htm | gs://sec-exhibit10/files/full/91a78bd88bd1fb7f3d3577a94ac08d101722264f.htm | html | {"Filing Date": "2016-09-30", "Accepted": "2016-09-30 17:09:32", "Documents": "76", "Period of Report": "2016-09-26", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>prxg_ex10z5.htm
<DESCRIPTION>PREFERRED SHARES AMENDMENT AGREEMENT WITH HALBARAD GROUP LTD., BVI
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<TITLE>Preferred Shares Amendment Agreement with Halbarad Group LTD, BVI </TITLE>
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https://www.sec.gov/Archives/edgar/data/1819496/0001213900-22-057809-index.html | https://www.sec.gov/Archives/edgar/data/1819496/0001213900-22-057809.txt | 1819496 | IG Acquisition Corp. | 8-K | 2022-09-22 | 2022-09-22 | 5 | SPONSOR AGREEMENT, BY AND AMONG IG ACQUISITION CORP, PLAYUP LIMITED, MAPLE GROVE | EX-10.2 | 63038 | ea166015ex10-2_igacq.htm | https://www.sec.gov/Archives/edgar/data/1819496/000121390022057809/ea166015ex10-2_igacq.htm | gs://sec-exhibit10/files/full/d52cce493f5d75aa66df8fb693052bba4b8474de.htm | html | {"Filing Date": "2022-09-22", "Accepted": "2022-09-22 07:13:38", "Documents": "52", "Period of Report": "2022-09-22", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>5
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<DESCRIPTION>SPONSOR AGREEMENT, BY AND AMONG IG ACQUISITION CORP, PLAYUP LIMITED, MAPLE GROVE HOLDINGS PUBLIC LIMITED COMPANY, IG SPONSOR LLC, AND CERTAIN DIRECTORS AND OFFICERS OF IGAC, DATED AS OF SEPTEMBER 22, 2022
<TEXT>
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<TIT... |
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<DESCRIPTION>EX-10.5
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https://www.sec.gov/Archives/edgar/data/1871638/0001193125-25-158997-index.html | https://www.sec.gov/Archives/edgar/data/1871638/0001193125-25-158997.txt | 1871638 | Blaize Holdings, Inc. | 8-K | 2025-07-15 | 2025-07-14 | 3 | EX-10.2 | EX-10.2 | 141236 | d13627dex102.htm | https://www.sec.gov/Archives/edgar/data/1871638/000119312525158997/d13627dex102.htm | gs://sec-exhibit10/files/full/d46bfc2e45b83bce4d71fc2092f3dd996c9fca6c.htm | html | {"Filing Date": "2025-07-15", "Accepted": "2025-07-15 06:05:10", "Documents": "15", "Period of Report": "2025-07-14", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
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<TYPE>EX-10
<SEQUENCE>2
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<DESCRIPTION>REAFFIRMATION, RATIFICATION AND AMENDMENT AGREEMENT BETWEEN HESPERIA HOLDING, INC. AND LAURUS MASTER FUND, LTD., DATED JUNE 23, 2006.
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<title>Filed by Securities Law Institute EDGAR Services (888) 546-6454 -
Hesperia - Exhibit 10-5</title... |
https://www.sec.gov/Archives/edgar/data/1086600/0000950129-03-005489-index.html | https://www.sec.gov/Archives/edgar/data/1086600/0000950129-03-005489.txt | 1086600 | ALLIANCE RESOURCE PARTNERS LP | 10-Q | 2003-11-10 | 2003-09-30 | 4 | EXTENSION OF CONSULTING AGREEMENT | EX-10.42 | 1584 | h10310exv10w42.txt | https://www.sec.gov/Archives/edgar/data/1086600/000095012903005489/h10310exv10w42.txt | gs://sec-exhibit10/files/full/7d050759a57fd3c3d52ce1fd98abc28de1a5686f.txt | txt | {"Filing Date": "2003-11-10", "Accepted": "2003-11-10 16:14:54", "Documents": "7", "Period of Report": "2003-09-30"} | <DOCUMENT>
<TYPE>EX-10.42
<SEQUENCE>4
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<DESCRIPTION>EXTENSION OF CONSULTING AGREEMENT
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Exhibit 10.42
September 30, 2003
Mr. Robert G. Sachse
2685 East 37th Street
Tulsa, OK 74105... |
https://www.sec.gov/Archives/edgar/data/830524/0001104659-05-001352-index.html | https://www.sec.gov/Archives/edgar/data/830524/0001104659-05-001352.txt | 830524 | CHASE CORP | 8-K | 2005-01-14 | 2005-01-10 | 3 | EX-10.2 | EX-10.2 | 123951 | a05-1407_2ex10d2.htm | https://www.sec.gov/Archives/edgar/data/830524/000110465905001352/a05-1407_2ex10d2.htm | gs://sec-exhibit10/files/full/de79ef96b428f0e4e86624ac8f7ffa104a5bfa24.htm | html | {"Filing Date": "2005-01-14", "Accepted": "2005-01-13 18:02:53", "Documents": "4", "Period of Report": "2005-01-10", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
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<TYPE>EX-10
<SEQUENCE>4
<FILENAME>colesrelocationagr.txt
<DESCRIPTION>MARTIN COLES' RELOCATION AGREEMENT
<TEXT>
EXHIBIT 10.2
RELOCATION POLICY AGREEMENT
VICE PRESIDENT AND ABOVE
... |
https://www.sec.gov/Archives/edgar/data/886171/0001104659-11-013301-index.html | https://www.sec.gov/Archives/edgar/data/886171/0001104659-11-013301.txt | 886171 | UNIVERSAL HOSPITAL SERVICES INC | 10-K | 2011-03-09 | 2010-12-31 | 3 | EX-10.18 | EX-10.18 | 21696 | a11-2267_1ex10d18.htm | https://www.sec.gov/Archives/edgar/data/886171/000110465911013301/a11-2267_1ex10d18.htm | gs://sec-exhibit10/files/full/f7ebd1f36ead795290b3e4770f2ee4a0fe4d93d7.htm | html | {"Filing Date": "2011-03-09", "Accepted": "2011-03-09 17:01:42", "Documents": "9", "Period of Report": "2010-12-31"} | <DOCUMENT>
<TYPE>EX-10.18
<SEQUENCE>3
<FILENAME>a11-2267_1ex10d18.htm
<DESCRIPTION>EX-10.18
<TEXT>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.18</fo... |
https://www.sec.gov/Archives/edgar/data/1295079/0001144204-07-027802-index.html | https://www.sec.gov/Archives/edgar/data/1295079/0001144204-07-027802.txt | 1295079 | West Coast Car CO | 8-K | 2007-05-21 | 2007-05-15 | 5 | null | EX-10.2 | 559924 | v076186_ex10-2.htm | https://www.sec.gov/Archives/edgar/data/1295079/000114420407027802/v076186_ex10-2.htm | gs://sec-exhibit10/files/full/971c2e6380f5fe1139b116618d98f3486ddea530.htm | html | {"Filing Date": "2007-05-21", "Accepted": "2007-05-21 17:19:28", "Documents": "8", "Period of Report": "2007-05-15", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>5
<FILENAME>v076186_ex10-2.htm
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https://www.sec.gov/Archives/edgar/data/315852/0001564590-19-019656-index.html | https://www.sec.gov/Archives/edgar/data/315852/0001564590-19-019656.txt | 315852 | RANGE RESOURCES CORP | 8-K | 2019-05-16 | 2019-05-14 | 2 | EX-10.1 | EX-10.1 | 253689 | rrc-ex101_6.htm | https://www.sec.gov/Archives/edgar/data/315852/000156459019019656/rrc-ex101_6.htm | gs://sec-exhibit10/files/full/fd2fa417db6917e8b54cb72688add282074078d9.htm | html | {"Filing Date": "2019-05-16", "Accepted": "2019-05-16 17:06:38", "Documents": "2", "Period of Report": "2019-05-14", "Items": "Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers"} | <DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>rrc-ex101_6.htm
<DESCRIPTION>EX-10.1
<TEXT>
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rrc-ex101_6.htm
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https://www.sec.gov/Archives/edgar/data/845818/0001193125-11-062903-index.html | https://www.sec.gov/Archives/edgar/data/845818/0001193125-11-062903.txt | 845818 | RADIANT SYSTEMS INC | 10-K | 2011-03-11 | 2010-12-31 | 4 | DIRECTOR COMPENSATION ARRANGEMENTS (MANAGEMENT COMPENSATION PLAN OR ARRANGEMENT) | EX-10.21 | 3967 | dex1021.htm | https://www.sec.gov/Archives/edgar/data/845818/000119312511062903/dex1021.htm | gs://sec-exhibit10/files/full/a15bfa5fc4d00089e88de79e7f133a3d67f49025.htm | html | {"Filing Date": "2011-03-11", "Accepted": "2011-03-11 06:11:55", "Documents": "17", "Period of Report": "2010-12-31"} | <DOCUMENT>
<TYPE>EX-10.21
<SEQUENCE>4
<FILENAME>dex1021.htm
<DESCRIPTION>DIRECTOR COMPENSATION ARRANGEMENTS (MANAGEMENT COMPENSATION PLAN OR ARRANGEMENT)
<TEXT>
<HTML><HEAD>
<TITLE>Director Compensation Arrangements (Management compensation plan or arrangement)</TITLE>
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<P STYLE="margin... |
https://www.sec.gov/Archives/edgar/data/1163165/0001104659-06-012015-index.html | https://www.sec.gov/Archives/edgar/data/1163165/0001104659-06-012015.txt | 1163165 | CONOCOPHILLIPS | 10-K | 2006-02-27 | 2005-12-31 | 7 | MATERIAL CONTRACTS | EX-10.17 | 89109 | a06-2522_1ex10d17.htm | https://www.sec.gov/Archives/edgar/data/1163165/000110465906012015/a06-2522_1ex10d17.htm | gs://sec-exhibit10/files/full/2a165a792eeef992b7b277f5769a5cd8cd55191c.htm | html | {"Filing Date": "2006-02-27", "Accepted": "2006-02-27 06:22:03", "Documents": "16", "Period of Report": "2005-12-31"} | <DOCUMENT>
<TYPE>EX-10.17
<SEQUENCE>7
<FILENAME>a06-2522_1ex10d17.htm
<DESCRIPTION>MATERIAL CONTRACTS
<TEXT>
<html>
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<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="fon... |
https://www.sec.gov/Archives/edgar/data/1089697/0001193125-05-102951-index.html | https://www.sec.gov/Archives/edgar/data/1089697/0001193125-05-102951.txt | 1089697 | SPINNAKER EXPLORATION CO | 8-K | 2005-05-10 | 2005-05-04 | 3 | NONSTATUTORY STOCK OPTION AWARD AGREEMENT FOR ANNUAL DIRECTORS GRANTS | EX-10.17.1 | 36440 | dex10171.htm | https://www.sec.gov/Archives/edgar/data/1089697/000119312505102951/dex10171.htm | gs://sec-exhibit10/files/full/c005572f663f3ab728ab668216320ca9be74ac1e.htm | html | {"Filing Date": "2005-05-10", "Accepted": "2005-05-10 17:04:04", "Documents": "5", "Period of Report": "2005-05-04", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.17.1
<SEQUENCE>3
<FILENAME>dex10171.htm
<DESCRIPTION>NONSTATUTORY STOCK OPTION AWARD AGREEMENT FOR ANNUAL DIRECTORS GRANTS
<TEXT>
<HTML><HEAD>
<TITLE>Nonstatutory Stock Option Award agreement for Annual Directors Grants</TITLE>
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<P STYLE="margin-top:0px;margin-bott... |
https://www.sec.gov/Archives/edgar/data/1286043/0001286043-11-000006-index.html | https://www.sec.gov/Archives/edgar/data/1286043/0001286043-11-000006.txt | 1286043 | KITE REALTY GROUP TRUST | 10-K | 2011-03-15 | 2010-12-31 | 2 | EXHIBIT 10.28 TRUSTEE FEES | EX-10.28 | 10458 | ex10_2.htm | https://www.sec.gov/Archives/edgar/data/1286043/000128604311000006/ex10_2.htm | gs://sec-exhibit10/files/full/38d3a1fbdd3dd47e6d2b6ad564d27f80c7d3ecb3.htm | html | {"Filing Date": "2011-03-15", "Accepted": "2011-03-15 13:30:55", "Documents": "9", "Period of Report": "2010-12-31"} | <DOCUMENT>
<TYPE>EX-10.28
<SEQUENCE>2
<FILENAME>ex10_2.htm
<DESCRIPTION>EXHIBIT 10.28 TRUSTEE FEES
<TEXT>
<html>
<head>
<title>ex10_2.htm</title>
<!-- Licensed to: Kite Realty Group -->
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https://www.sec.gov/Archives/edgar/data/1417624/0001013762-10-000711-index.html | https://www.sec.gov/Archives/edgar/data/1417624/0001013762-10-000711.txt | 1417624 | Changda International Holdings, Inc. | 10-K | 2010-03-31 | 2009-12-31 | 11 | EXHIBIT 10.7 PDF | EX-10.7 | 862119 | ex107.pdf | https://www.sec.gov/Archives/edgar/data/1417624/000101376210000711/ex107.pdf | gs://sec-exhibit10/files/full/c257add91d43acacc75a9621d3be0bcb2692c33c.pdf | pdf | {"Filing Date": "2010-03-31", "Accepted": "2010-03-31 17:10:47", "Documents": "25", "Period of Report": "2009-12-31"} | JVBERi0xLjIKJcjH0MRGCjQgMCBvYmoKPDwKL1R5cGUgL091dGxpbmVzCi9Db3VudCAwCj4+CmVuZG9iago1IDAgb2JqCjw8Ci9UeXBlIC9Gb250Ci9TdWJ0eXBlIC9UeXBlMQovTmFtZSAvRjAKL0Jhc2VGb250IC9IZWx2ZXRpY2EKL0VuY29kaW5nIC9NYWNSb21hbkVuY29kaW5nCj4+CmVuZG9iago2IDAgb2JqCjw8Ci9UeXBlIC9QYWdlCi9QYXJlbnQgMyAwIFIKL1Jlc291cmNlcyA4IDAgUgovTWVkaWFCb3ggWyAwIDAg... |
https://www.sec.gov/Archives/edgar/data/758830/0000950153-01-500190-index.html | https://www.sec.gov/Archives/edgar/data/758830/0000950153-01-500190.txt | 758830 | SYNTELLECT INC | 10-K | 2001-04-02 | 2000-12-31 | 5 | EX-10.III | EX-10.III | 42762 | p64736ex10-iii.txt | https://www.sec.gov/Archives/edgar/data/758830/000095015301500190/p64736ex10-iii.txt | gs://sec-exhibit10/files/full/d1802c14d9ad3b9bd2c467b1a3217e231d5a310f.txt | txt | {"Filing Date": "2001-04-02", "Accepted": "2001-04-02 00:00:00", "Documents": "11", "Period of Report": "2000-12-31"} | <DOCUMENT>
<TYPE>EX-10.III
<SEQUENCE>5
<FILENAME>p64736ex10-iii.txt
<DESCRIPTION>EX-10.III
<TEXT>
<PAGE> 1
EXHIBIT (10)(iii)
SYNTELLECT INC.
LONG-TERM INCENTIVE PLAN
(as amended through June 1, 2000)
... |
https://www.sec.gov/Archives/edgar/data/1004317/0001029869-97-000394-index.html | https://www.sec.gov/Archives/edgar/data/1004317/0001029869-97-000394.txt | 1004317 | IRON MOUNTAIN INC /DE | 10-K | 1997-03-28 | 1996-12-31 | 3 | AMENDMENT NO. 1 | EX-10.2A | 11290 | null | https://www.sec.gov/Archives/edgar/data/1004317/0001029869-97-000394.txt | gs://sec-exhibit10/files/full/07f1b642bdb82c1687529e037c64d866c745b8e1.txt | txt_filing | {"Filing Date": "1997-03-28", "Accepted": "1997-03-28 00:00:00", "Documents": "10", "Period of Report": "1996-12-31", "SROs": "NONE"} |
<DOCUMENT>
<TYPE>EX-10.2A
<SEQUENCE>3
<DESCRIPTION>AMENDMENT NO. 1
<TEXT>
Exhibit 10.2A
[CONFORMED COPY]
AMENDMENT NO. 1
AMENDMENT N... |
https://www.sec.gov/Archives/edgar/data/878828/0001206774-08-000641-index.html | https://www.sec.gov/Archives/edgar/data/878828/0001206774-08-000641.txt | 878828 | WIRELESS TELECOM GROUP INC | 10-K | 2008-03-28 | 2007-12-31 | 2 | EMPLOYMENT AND SEVERANCE AGREEMENT, DATED JANUARY 23, 2006 | EX-10.10 | 17600 | exhibit10-10.htm | https://www.sec.gov/Archives/edgar/data/878828/000120677408000641/exhibit10-10.htm | gs://sec-exhibit10/files/full/eeeea97e005f94f7b54348a00dc4bd28c63d461e.htm | html | {"Filing Date": "2008-03-28", "Accepted": "2008-03-28 16:55:42", "Documents": "9", "Period of Report": "2007-12-31"} | <DOCUMENT>
<TYPE>EX-10.10
<SEQUENCE>2
<FILENAME>exhibit10-10.htm
<DESCRIPTION>EMPLOYMENT AND SEVERANCE AGREEMENT, DATED JANUARY 23, 2006
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<P align=right><B><FONT face=serif><FONT size=2>Exhibit
10.10</FONT></FONT></B></P>
<P align=justify><FONT face=s... |
https://www.sec.gov/Archives/edgar/data/717014/0001012870-99-002867-index.html | https://www.sec.gov/Archives/edgar/data/717014/0001012870-99-002867.txt | 717014 | ACUSON CORP | 10-Q | 1999-08-16 | 1999-07-03 | 17 | PROVIDENT MUTUAL LIFE INSURANCE CO. NOTE | EX-10.16 | 5250 | null | https://www.sec.gov/Archives/edgar/data/717014/0001012870-99-002867.txt | gs://sec-exhibit10/files/full/78ef2328a4266b6a5a6c944552a1a22ff89d824e.txt | txt_filing | {"Filing Date": "1999-08-16", "Accepted": "1999-08-16 00:00:00", "Documents": "19", "Period of Report": "1999-07-03"} |
<DOCUMENT>
<TYPE>EX-10.16
<SEQUENCE>17
<DESCRIPTION>PROVIDENT MUTUAL LIFE INSURANCE CO. NOTE
<TEXT>
<PAGE>
Acuson Corporation Exhibit 10.16
- --------------------------------------------------------------------------------
ACUSON CORPO... |
https://www.sec.gov/Archives/edgar/data/1611277/0001213900-17-004457-index.html | https://www.sec.gov/Archives/edgar/data/1611277/0001213900-17-004457.txt | 1611277 | Helix TCS, Inc. | 8-K | 2017-05-01 | 2017-04-26 | 4 | FORM OF COMMON STOCK PURCHASE WARRANT | EX-10.2 | 93213 | f8k042617ex10ii_helixtcsinc.htm | https://www.sec.gov/Archives/edgar/data/1611277/000121390017004457/f8k042617ex10ii_helixtcsinc.htm | gs://sec-exhibit10/files/full/cb9e7644246330ca283b499061e099a84435dca3.htm | html | {"Filing Date": "2017-05-01", "Accepted": "2017-05-01 16:45:13", "Documents": "6", "Period of Report": "2017-04-26", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>f8k042617ex10ii_helixtcsinc.htm
<DESCRIPTION>FORM OF COMMON STOCK PURCHASE WARRANT
<TEXT>
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<TITLE></TITLE>
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<P... |
https://www.sec.gov/Archives/edgar/data/1451448/0001493152-21-013745-index.html | https://www.sec.gov/Archives/edgar/data/1451448/0001493152-21-013745.txt | 1451448 | ESPORTS ENTERTAINMENT GROUP, INC. | 8-K | 2021-06-07 | 2021-06-01 | 4 | null | EX-10.3 | 137056 | ex10-3.htm | https://www.sec.gov/Archives/edgar/data/1451448/000149315221013745/ex10-3.htm | gs://sec-exhibit10/files/full/cdb8771f93b5ec6d8c60d0525e77f594e6066b31.htm | html | {"Filing Date": "2021-06-07", "Accepted": "2021-06-07 16:44:11", "Documents": "8", "Period of Report": "2021-06-01", "Items": "Item 2.01: Completion of Acquisition or Disposition of Assets"} | <DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>ex10-3.htm
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, S... |
https://www.sec.gov/Archives/edgar/data/808064/0000808064-02-000056-index.html | https://www.sec.gov/Archives/edgar/data/808064/0000808064-02-000056.txt | 808064 | C&D TECHNOLOGIES INC | 10-K | 2002-04-19 | 2002-01-31 | 6 | null | EX-10 | 40059 | ex10-23.txt | https://www.sec.gov/Archives/edgar/data/808064/000080806402000056/ex10-23.txt | gs://sec-exhibit10/files/full/ac62941a8bba84226c60c3b5f8f8433a6c90081d.txt | txt | {"Filing Date": "2002-04-19", "Accepted": "2002-04-19 00:00:00", "Documents": "7", "Period of Report": "2002-01-31"} | <DOCUMENT>
<TYPE>EX-10
<SEQUENCE>6
<FILENAME>ex10-23.txt
<TEXT>
Exhibit 10.23
AGREEMENT AND RELEASE
This is an Agreement and Release ("Agreement") between Mark Z. Sappir ("Mr.
Sappir") and C&D Technologies, Inc. (re... |
https://www.sec.gov/Archives/edgar/data/888491/0001571049-15-002603-index.html | https://www.sec.gov/Archives/edgar/data/888491/0001571049-15-002603.txt | 888491 | OMEGA HEALTHCARE INVESTORS INC | 8-K | 2015-04-03 | 2015-03-31 | 7 | EXHIBIT 10.5 | EX-10.5 | 154909 | t1500726_ex10-5.htm | https://www.sec.gov/Archives/edgar/data/888491/000157104915002603/t1500726_ex10-5.htm | gs://sec-exhibit10/files/full/5df5db71d6817d1e68a5a57e41d17e5ddb2aedd7.htm | html | {"Filing Date": "2015-04-03", "Accepted": "2015-04-02 21:31:39", "Documents": "25", "Period of Report": "2015-03-31", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>7
<FILENAME>t1500726_ex10-5.htm
<DESCRIPTION>EXHIBIT 10.5
<TEXT>
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<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"... |
https://www.sec.gov/Archives/edgar/data/1713832/0001437749-22-020836-index.html | https://www.sec.gov/Archives/edgar/data/1713832/0001437749-22-020836.txt | 1713832 | HyreCar Inc. | 8-K | 2022-08-17 | 2022-08-11 | 2 | EXHIBIT 10.1 | EX-10.1 | 201343 | ex_413874.htm | https://www.sec.gov/Archives/edgar/data/1713832/000143774922020836/ex_413874.htm | gs://sec-exhibit10/files/full/7a03aa5c2744dd75de6b92609fcb89e313191911.htm | html | {"Filing Date": "2022-08-17", "Accepted": "2022-08-17 17:05:47", "Documents": "16", "Period of Report": "2022-08-11", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex_413874.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<html><head>
<title>ex_413874.htm</title>
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https://www.sec.gov/Archives/edgar/data/1079786/0000922423-03-000326-index.html | https://www.sec.gov/Archives/edgar/data/1079786/0000922423-03-000326.txt | 1079786 | MM COMPANIES INC | 10-K | 2003-03-31 | 2002-12-31 | 3 | EXHIBIT 10.25 STOCK APPRECIATION RIGHTS AGREEMENT | EX-10 | 10188 | kl03031_ex10-25.txt | https://www.sec.gov/Archives/edgar/data/1079786/000092242303000326/kl03031_ex10-25.txt | gs://sec-exhibit10/files/full/8f898184d387d33cc76c72a5aa062727361db443.txt | txt | {"Filing Date": "2003-03-31", "Accepted": "2003-03-31 16:15:11", "Documents": "6", "Period of Report": "2002-12-31"} | <DOCUMENT>
<TYPE>EX-10
<SEQUENCE>3
<FILENAME>kl03031_ex10-25.txt
<DESCRIPTION>EXHIBIT 10.25 STOCK APPRECIATION RIGHTS AGREEMENT
<TEXT>
Exhibit 10.25
STOCK APPRECIATION RIGHTS AGREEMENT
THIS AGREEMENT is made as of this 31... |
https://www.sec.gov/Archives/edgar/data/1076784/0001165527-07-000490-index.html | https://www.sec.gov/Archives/edgar/data/1076784/0001165527-07-000490.txt | 1076784 | China 3C Group | 8-K | 2007-09-11 | 2007-08-15 | 5 | OPTION AGREEMENT | EX-10.4 | 29757 | ex10-4.txt | https://www.sec.gov/Archives/edgar/data/1076784/000116552707000490/ex10-4.txt | gs://sec-exhibit10/files/full/94882632572fce6b01425c6aec6db93a70c88825.txt | txt | {"Filing Date": "2007-09-11", "Accepted": "2007-09-11 16:41:55", "Documents": "6", "Period of Report": "2007-08-15", "Items": "Item 1.02: Termination of a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>ex10-4.txt
<DESCRIPTION>OPTION AGREEMENT
<TEXT>
Exhibit 10.4
OPTION AGREEMENT
This Option Agreement (this "Agreement") is entered into, as of November 1,
2005, in Zhe... |
https://www.sec.gov/Archives/edgar/data/860521/0000950129-99-005029-index.html | https://www.sec.gov/Archives/edgar/data/860521/0000950129-99-005029.txt | 860521 | MARINE DRILLING COMPANIES INC | 10-Q | 1999-11-15 | 1999-09-30 | 8 | 1ST AMEND. SEVERANCE AGMT. - VINCENT G. BOUNDS | EX-10.9 | 37120 | null | https://www.sec.gov/Archives/edgar/data/860521/0000950129-99-005029.txt | gs://sec-exhibit10/files/full/38b0a9662f3a5baf515dbc786e8ac9ed707d153a.txt | txt_filing | {"Filing Date": "1999-11-15", "Accepted": "1999-11-15 00:00:00", "Documents": "12", "Period of Report": "1999-09-30"} |
<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>8
<DESCRIPTION>1ST AMEND. SEVERANCE AGMT. - VINCENT G. BOUNDS
<TEXT>
<PAGE> 1
EXHIBIT 10.9
FIRST AMENDED AND RESTATED SEVERANCE AGREEMENT
THIS FIRST AMENDED AND RESTATED SEVERANCE AGR... |
https://www.sec.gov/Archives/edgar/data/1064063/0000893220-00-000376-index.html | https://www.sec.gov/Archives/edgar/data/1064063/0000893220-00-000376.txt | 1064063 | MIIX GROUP INC | 10-K | 2000-03-30 | 1999-12-31 | 16 | DEFERRED COMPENSATION AGREEMENT KENNETH KOREYVA | EX-10.30 | 13763 | null | https://www.sec.gov/Archives/edgar/data/1064063/0000893220-00-000376.txt | gs://sec-exhibit10/files/full/707ccc053799294e345320c562a7a673d7a040ec.txt | txt_filing | {"Filing Date": "2000-03-30", "Accepted": "2000-03-30 00:00:00", "Documents": "29", "Period of Report": "1999-12-31"} |
<DOCUMENT>
<TYPE>EX-10.30
<SEQUENCE>16
<DESCRIPTION>DEFERRED COMPENSATION AGREEMENT KENNETH KOREYVA
<TEXT>
<PAGE> 1
EXHIBIT 10.30
THE MIIX GROUP, INCORPORATED AND
NEW JERSEY STATE MEDICAL UNDERWRITERS, IN... |
https://www.sec.gov/Archives/edgar/data/19252/0001050502-02-000687-index.html | https://www.sec.gov/Archives/edgar/data/19252/0001050502-02-000687.txt | 19252 | CHAPARRAL RESOURCES INC | 10-Q | 2002-08-19 | 2002-06-30 | 8 | ACCESSORIAL AGREEMENT | EX-10.6 | 7972 | chap10-6.txt | https://www.sec.gov/Archives/edgar/data/19252/000105050202000687/chap10-6.txt | gs://sec-exhibit10/files/full/9ee665deaae384465a21c0205eaccb538796433e.txt | txt | {"Filing Date": "2002-08-19", "Accepted": "2002-08-19 16:32:53", "Documents": "9", "Period of Report": "2002-06-30"} | <DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>8
<FILENAME>chap10-6.txt
<DESCRIPTION>ACCESSORIAL AGREEMENT
<TEXT>
Exhibit 10.6
ACCESSORIAL AGREEMENT # 5896/A
(for granting a loan)
Almaty ... |
https://www.sec.gov/Archives/edgar/data/1014052/0001213900-18-007652-index.html | https://www.sec.gov/Archives/edgar/data/1014052/0001213900-18-007652.txt | 1014052 | Digerati Technologies, Inc. | 10-Q | 2018-06-14 | 2018-04-30 | 3 | SENIOR CONVERTIBLE PROMISSORY NOTE ISSUED TO FIRSTFIRE GLOBAL OPPORTUNITIES FUND | EX-10.2 | 189243 | f10q0418ex10-2_digerati.htm | https://www.sec.gov/Archives/edgar/data/1014052/000121390018007652/f10q0418ex10-2_digerati.htm | gs://sec-exhibit10/files/full/7fe4eff40c02869ed29078f2fd055fac554c380b.htm | html | {"Filing Date": "2018-06-14", "Accepted": "2018-06-14 16:04:30", "Documents": "9", "Period of Report": "2018-04-30"} | <DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>f10q0418ex10-2_digerati.htm
<DESCRIPTION>SENIOR CONVERTIBLE PROMISSORY NOTE ISSUED TO FIRSTFIRE GLOBAL OPPORTUNITIES FUND, LLC DATED MAY 30, 2018
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">
<P STYLE="margin: 0;... |
https://www.sec.gov/Archives/edgar/data/1171749/0001144204-07-048789-index.html | https://www.sec.gov/Archives/edgar/data/1171749/0001144204-07-048789.txt | 1171749 | TXP CORP | 8-K | 2007-09-11 | 2007-09-06 | 2 | null | EX-10.1 | 165125 | v087161_ex10-1.htm | https://www.sec.gov/Archives/edgar/data/1171749/000114420407048789/v087161_ex10-1.htm | gs://sec-exhibit10/files/full/7551a7993dc335c1b90d44ba94e5c6000f7acd37.htm | html | {"Filing Date": "2007-09-11", "Accepted": "2007-09-11 10:16:33", "Documents": "6", "Period of Report": "2007-09-06", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v087161_ex10-1.htm
<TEXT>
<html>
<head>
<title>
</title>
</head>
<body bgcolor="#ffffff">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><br></div>
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARG... |
https://www.sec.gov/Archives/edgar/data/315858/0000315858-16-000094-index.html | https://www.sec.gov/Archives/edgar/data/315858/0000315858-16-000094.txt | 315858 | BFC FINANCIAL CORP | 8-K | 2016-03-23 | 2016-03-17 | 4 | EX-10.3 | EX-10.3 | 413502 | bfcf-20160317ex103b95d41.htm | https://www.sec.gov/Archives/edgar/data/315858/000031585816000094/bfcf-20160317ex103b95d41.htm | gs://sec-exhibit10/files/full/c03e9fc314a74017ab5ae5dc6536f0e34514a32e.htm | html | {"Filing Date": "2016-03-23", "Accepted": "2016-03-23 16:32:07", "Documents": "6", "Period of Report": "2016-03-17", "Items": "Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant"} | <DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>bfcf-20160317ex103b95d41.htm
<DESCRIPTION>EX-10.3
<TEXT>
<!--HTML document created with Certent Powered by Crossfire 5.17.1.24-->
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<html>
<head>
<title>
Ex 103
</title>
</head>
<body><div style="margin-left:72pt;margin-right... |
https://www.sec.gov/Archives/edgar/data/1368757/0001104659-11-063269-index.html | https://www.sec.gov/Archives/edgar/data/1368757/0001104659-11-063269.txt | 1368757 | GTJ REIT, Inc. | 10-Q | 2011-11-10 | 2011-09-30 | 2 | EX-10.1 | EX-10.1 | 168834 | a11-25566_1ex10d1.htm | https://www.sec.gov/Archives/edgar/data/1368757/000110465911063269/a11-25566_1ex10d1.htm | gs://sec-exhibit10/files/full/67eb90d4eb95a77bdbf597bf6cfb675b15029490.htm | html | {"Filing Date": "2011-11-10", "Accepted": "2011-11-10 17:22:01", "Documents": "23", "Period of Report": "2011-09-30"} | <DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a11-25566_1ex10d1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<html>
<head>
</head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;fo... |
https://www.sec.gov/Archives/edgar/data/1921318/0000929638-22-000937-index.html | https://www.sec.gov/Archives/edgar/data/1921318/0000929638-22-000937.txt | 1921318 | BMW Vehicle Owner Trust 2022-A | 8-K | 2022-05-18 | 2022-05-18 | 7 | RECEIVABLES PURCHASE AGREEMENT | EX-10.5 | 157157 | exhibit10-5.htm | https://www.sec.gov/Archives/edgar/data/1136586/000092963822000937/exhibit10-5.htm | gs://sec-exhibit10/files/full/1f5f51b7e1729840c553e9fd31f67b8fa7d11340.htm | html | {"Filing Date": "2022-05-18", "Accepted": "2022-05-18 16:23:31", "Documents": "8", "Period of Report": "2022-05-18", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>7
<FILENAME>exhibit10-5.htm
<DESCRIPTION>RECEIVABLES PURCHASE AGREEMENT
<TEXT>
<html>
<head>
<title></title>
<!-- Licensed to: Morgan, Lewis & Bockius
Document created using EDGARfilings PROfile 8.2.0.0
Copyright 1995 - 2022 Broadridge -->
</head>
<body s... |
https://www.sec.gov/Archives/edgar/data/1056035/0001140361-07-021682-index.html | https://www.sec.gov/Archives/edgar/data/1056035/0001140361-07-021682.txt | 1056035 | SHERIDAN GROUP INC | 10-Q | 2007-11-13 | 2007-09-30 | 2 | EXHIBIT 10.34 | EX-10.34 | 37149 | ex10_34.htm | https://www.sec.gov/Archives/edgar/data/1056035/000114036107021682/ex10_34.htm | gs://sec-exhibit10/files/full/2e6e9f03bb487afd41fab8eacf53def7c5b216c5.htm | html | {"Filing Date": "2007-11-13", "Accepted": "2007-11-13 14:54:48", "Documents": "5", "Period of Report": "2007-09-30"} | <DOCUMENT>
<TYPE>EX-10.34
<SEQUENCE>2
<FILENAME>ex10_34.htm
<DESCRIPTION>EXHIBIT 10.34
<TEXT>
<html>
<head>
<title>ex10_34.htm</title>
<!-- Licensed to: EDGARfilings, Ltd.-->
<!-- Document Created using EDGARizer 4.0.1.0 -->
<!-- Copyright 2007 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGA... |
https://www.sec.gov/Archives/edgar/data/723125/0000723125-10-000174-index.html | https://www.sec.gov/Archives/edgar/data/723125/0000723125-10-000174.txt | 723125 | MICRON TECHNOLOGY INC | 10-K | 2010-10-26 | 2010-09-02 | 6 | EXHIBIT 10.95 | EX-10.95 | 121464 | exhibit_10-95.htm | https://www.sec.gov/Archives/edgar/data/723125/000072312510000174/exhibit_10-95.htm | gs://sec-exhibit10/files/full/79c14b2d298a387f88b6a6606c4a310f18445813.htm | html | {"Filing Date": "2010-10-26", "Accepted": "2010-10-26 13:57:47", "Documents": "17", "Period of Report": "2010-09-02"} | <DOCUMENT>
<TYPE>EX-10.95
<SEQUENCE>6
<FILENAME>exhibit_10-95.htm
<DESCRIPTION>EXHIBIT 10.95
<TEXT>
<html>
<head>
<title>exhibit_10-95.htm</title>
<!-- Licensed to: Micron Techonology, Inc. -->
<!-- Document Created using EDGARizer 5.2.3.0 -->
<!-- Copyright 1995 - 2009 Thomson Reuters. All rights reser... |
https://www.sec.gov/Archives/edgar/data/919015/0001005477-00-005522-index.html | https://www.sec.gov/Archives/edgar/data/919015/0001005477-00-005522.txt | 919015 | BIOSPHERE MEDICAL INC | 10-Q | 2000-08-08 | 2000-06-30 | 2 | STOCK PURCHASE AGREEMENT DATED JULY 28, 2000 | EX-10.1 | 70059 | 0002.txt | https://www.sec.gov/Archives/edgar/data/919015/000100547700005522/0001005477-00-005522-0002.txt | gs://sec-exhibit10/files/full/cf0db60736d3f966f6e98a58a1f556e67ab483e7.txt | txt | {"Filing Date": "2000-08-08", "Accepted": "2000-08-08 00:00:00", "Documents": "4", "Period of Report": "2000-06-30"} | <DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>0002.txt
<DESCRIPTION>STOCK PURCHASE AGREEMENT DATED JULY 28, 2000
<TEXT>
28
<PAGE> 29
STOCK PURCHASE AGREEMENT
This STOCK PURCHASE AGREEMENT is dated as of the 28th day of Jul... |
https://www.sec.gov/Archives/edgar/data/890491/0000950157-15-000855-index.html | https://www.sec.gov/Archives/edgar/data/890491/0000950157-15-000855.txt | 890491 | BARNES & NOBLE INC | 8-K | 2015-08-03 | 2015-08-03 | 6 | CREDIT AGREEMENT | EX-10.5 | 2796406 | ex10-5.htm | https://www.sec.gov/Archives/edgar/data/890491/000095015715000855/ex10-5.htm | gs://sec-exhibit10/files/full/ecccc89c9423df5167a624bed909db29d30255b0.htm | html | {"Filing Date": "2015-08-03", "Accepted": "2015-08-03 14:41:49", "Documents": "7", "Period of Report": "2015-08-03", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>ex10-5.htm
<DESCRIPTION>CREDIT AGREEMENT
<TEXT>
<html>
<head>
<title></title>
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<bo... |
https://www.sec.gov/Archives/edgar/data/1770450/0001770450-24-000012-index.html | https://www.sec.gov/Archives/edgar/data/1770450/0001770450-24-000012.txt | 1770450 | Xerox Holdings Corp | 10-K | 2024-02-23 | 2023-12-31 | 6 | EX-10.(F)(38) 2023 XSIP PSU CASH SETTLED AMENDED | EX-10.(F)(38) | 298280 | exhibit10f38_amended2023ps.htm | https://www.sec.gov/Archives/edgar/data/108772/000177045024000012/exhibit10f38_amended2023ps.htm | gs://sec-exhibit10/files/full/1b5aa0281633843a87c4b7b9fa7248fb75bc2541.htm | html | {"Filing Date": "2024-02-23", "Accepted": "2024-02-23 16:36:43", "Documents": "232", "Period of Report": "2023-12-31"} | <DOCUMENT>
<TYPE>EX-10.(F)(38)
<SEQUENCE>6
<FILENAME>exhibit10f38_amended2023ps.htm
<DESCRIPTION>EX-10.(F)(38) 2023 XSIP PSU CASH SETTLED AMENDED
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="ieb81337e6d9f48e9a24533744835f724_1"></... |
https://www.sec.gov/Archives/edgar/data/736291/0000930661-98-000660-index.html | https://www.sec.gov/Archives/edgar/data/736291/0000930661-98-000660.txt | 736291 | COMPUCOM SYSTEMS INC | 10-K | 1998-03-30 | 1997-12-31 | 16 | EXECUTIVE EMPLOYMENT AGREEMENT--EDWARD ANDERSON | EX-10.RR | 31697 | null | https://www.sec.gov/Archives/edgar/data/736291/0000930661-98-000660.txt | gs://sec-exhibit10/files/full/bfce0e9af8af4c3bc2c840166e27738b794a5570.txt | txt_filing | {"Filing Date": "1998-03-30", "Accepted": "1998-03-30 00:00:00", "Documents": "22", "Period of Report": "1997-12-31", "SROs": "NASD"} |
<DOCUMENT>
<TYPE>EX-10.RR
<SEQUENCE>16
<DESCRIPTION>EXECUTIVE EMPLOYMENT AGREEMENT--EDWARD ANDERSON
<TEXT>
<PAGE>
EXHIBIT 10(rr)
EXECUTIVE EMPLOYMENT AGREEMENT
THIS AGREEMENT, dated October 24, 1997 is made and entered i... |
https://www.sec.gov/Archives/edgar/data/1081078/0001181431-06-020419-index.html | https://www.sec.gov/Archives/edgar/data/1081078/0001181431-06-020419.txt | 1081078 | RUBINCON VENTURES INC | 8-K | 2006-03-29 | 2006-03-29 | 2 | OPTION AGREEMENT | EX-10.2 | 34328 | rrd112550_12685.htm | https://www.sec.gov/Archives/edgar/data/1081078/000118143106020419/rrd112550_12685.htm | gs://sec-exhibit10/files/full/62794bd4a1f32ba794d9409ecac9d92662f99194.htm | html | {"Filing Date": "2006-03-29", "Accepted": "2006-03-29 13:10:55", "Documents": "3", "Period of Report": "2006-03-29", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>2
<FILENAME>rrd112550_12685.htm
<DESCRIPTION>OPTION AGREEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE>thinkorswim</TITLE>
</HEAD>
<BODY>
<P ALIGN="JUSTIFY"><A NAME="OLE_LINK6">This Option has not been registered under the Securities Act of 1933, as amended, or any applicable... |
https://www.sec.gov/Archives/edgar/data/8868/0000008868-17-000048-index.html | https://www.sec.gov/Archives/edgar/data/8868/0000008868-17-000048.txt | 8868 | AVON PRODUCTS INC | 10-Q | 2017-11-02 | 2017-09-30 | 4 | TERMINATION AGREEMENT BETWEEN API AND JOHN HIGSON DATED SEPTEMBER 19 2017 | EX-10.3 | 112679 | a2017930-ex103.htm | https://www.sec.gov/Archives/edgar/data/8868/000000886817000048/a2017930-ex103.htm | gs://sec-exhibit10/files/full/e56e4b1d3563e4e3b71a9af206059d02f9820562.htm | html | {"Filing Date": "2017-11-02", "Accepted": "2017-11-02 06:56:08", "Documents": "82", "Period of Report": "2017-09-30"} | <DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>a2017930-ex103.htm
<DESCRIPTION>TERMINATION AGREEMENT BETWEEN API AND JOHN HIGSON DATED SEPTEMBER 19 2017
<TEXT>
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... |
https://www.sec.gov/Archives/edgar/data/1280058/0001280058-23-000006-index.html | https://www.sec.gov/Archives/edgar/data/1280058/0001280058-23-000006.txt | 1280058 | BLACKBAUD INC | 10-K | 2023-02-24 | 2022-12-31 | 3 | EX-10.30 | EX-10.30 | 91374 | blkb202210-kexx1030.htm | https://www.sec.gov/Archives/edgar/data/1280058/000128005823000006/blkb202210-kexx1030.htm | gs://sec-exhibit10/files/full/cc33f04e89345b585747acc61df70cb6c519b984.htm | html | {"Filing Date": "2023-02-24", "Accepted": "2023-02-24 16:22:49", "Documents": "132", "Period of Report": "2022-12-31"} | <DOCUMENT>
<TYPE>EX-10.30
<SEQUENCE>3
<FILENAME>blkb202210-kexx1030.htm
<DESCRIPTION>EX-10.30
<TEXT>
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<title>Document</title></head><bod... |
https://www.sec.gov/Archives/edgar/data/1138723/0000950170-23-018808-index.html | https://www.sec.gov/Archives/edgar/data/1138723/0000950170-23-018808.txt | 1138723 | ACCURAY INC | 10-Q | 2023-05-08 | 2023-03-31 | 2 | EX-10.1 | EX-10 | 389862 | aray-ex10_1.htm | https://www.sec.gov/Archives/edgar/data/1138723/000095017023018808/aray-ex10_1.htm | gs://sec-exhibit10/files/full/500c3554bb75bed43b0650814d34bf725064566d.htm | html | {"Filing Date": "2023-05-08", "Accepted": "2023-05-08 16:11:12", "Documents": "101", "Period of Report": "2023-03-31"} | <DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>aray-ex10_1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<html>
<head>
<title>EX-10</title>
</head>
<body style="margin: auto!important;padding: 8px;">
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><i... |
https://www.sec.gov/Archives/edgar/data/917692/0000940180-00-001114-index.html | https://www.sec.gov/Archives/edgar/data/917692/0000940180-00-001114.txt | 917692 | MCNAUGHTON APPAREL GROUP INC | 10-Q | 2000-09-21 | 2000-08-05 | 3 | AGREEMENT DATED AUGUST 29, 2000 | EX-10.2 | 7753 | 0003.txt | https://www.sec.gov/Archives/edgar/data/917692/000094018000001114/0000940180-00-001114-0003.txt | gs://sec-exhibit10/files/full/6dd25ba5747d069bacc6d8d9843adee5d8a3c32c.txt | txt | {"Filing Date": "2000-09-21", "Accepted": "2000-09-21 00:00:00", "Documents": "7", "Period of Report": "2000-08-05"} | <DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>0003.txt
<DESCRIPTION>AGREEMENT DATED AUGUST 29, 2000
<TEXT>
<PAGE>
Exhibit 10.2
JERI-JO KNITWEAR, INC.
(formerly JJ Acquisition Corp.)
... |
https://www.sec.gov/Archives/edgar/data/276331/0001047469-97-009175-index.html | https://www.sec.gov/Archives/edgar/data/276331/0001047469-97-009175.txt | 276331 | STARMET CORP | 10-K | 1997-12-30 | 1997-09-30 | 20 | EXHIBIT 10(LL) | EX-10.(LL) | 4715 | null | https://www.sec.gov/Archives/edgar/data/276331/0001047469-97-009175.txt | gs://sec-exhibit10/files/full/17a0bf718bd4f101237d260f6be40c7f34bf39df.txt | txt_filing | {"Filing Date": "1997-12-30", "Accepted": "1997-12-30 00:00:00", "Documents": "24", "Period of Report": "1997-09-30", "SROs": "NASD"} |
<DOCUMENT>
<TYPE>EX-10.(LL)
<SEQUENCE>20
<DESCRIPTION>EXHIBIT 10(LL)
<TEXT>
<PAGE>
Exhibit 10(ll)
SECOND ADDITIONAL REVOLVING CREDIT NOTE
$3,000,000 December 29, 1997
FOR VALU... |
https://www.sec.gov/Archives/edgar/data/744218/0000912057-00-013866-index.html | https://www.sec.gov/Archives/edgar/data/744218/0000912057-00-013866.txt | 744218 | AVANT IMMUNOTHERAPEUTICS INC | 10-K | 2000-03-28 | 1999-12-31 | 13 | EXHIBIT 10.21 | EX-10.21 | 43438 | null | https://www.sec.gov/Archives/edgar/data/744218/0000912057-00-013866.txt | gs://sec-exhibit10/files/full/5615ab7b0cd7a090450f6b81844cbd3f76aa259a.txt | txt_filing | {"Filing Date": "2000-03-28", "Accepted": "2000-03-28 00:00:00", "Documents": "16", "Period of Report": "1999-12-31"} |
<DOCUMENT>
<TYPE>EX-10.21
<SEQUENCE>13
<DESCRIPTION>EXHIBIT 10.21
<TEXT>
<PAGE>
EXHIBIT 10.21
LICENSE AGREEMENT
This Agreement is made and entered into between President and Fellows of
Harvard College (hereinafter... |
https://www.sec.gov/Archives/edgar/data/1037016/0001037016-13-000028-index.html | https://www.sec.gov/Archives/edgar/data/1037016/0001037016-13-000028.txt | 1037016 | NII HOLDINGS INC | 8-K | 2013-07-12 | 2013-07-11 | 2 | EXHIBIT 10.1 | EX-10.1 | 35606 | exhibit10-1.htm | https://www.sec.gov/Archives/edgar/data/1037016/000103701613000028/exhibit10-1.htm | gs://sec-exhibit10/files/full/a4f9dad1b73d3f92ba0bace194ead4b196b78bbc.htm | html | {"Filing Date": "2013-07-12", "Accepted": "2013-07-12 17:02:09", "Documents": "2", "Period of Report": "2013-07-11", "Items": "Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers"} | <DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<!-- Document created using WebFilings 1 -->
<!-- Copyright 2008-2013 WebFilings LLC. All Rights Reser... |
https://www.sec.gov/Archives/edgar/data/720676/0000720676-98-000035-index.html | https://www.sec.gov/Archives/edgar/data/720676/0000720676-98-000035.txt | 720676 | XCL LTD | 10-Q | 1998-11-16 | 1998-09-30 | 7 | null | EX-10.58 | 26136 | null | https://www.sec.gov/Archives/edgar/data/720676/0000720676-98-000035.txt | gs://sec-exhibit10/files/full/c52a806d19a046fff8035058d9cc39da58e2995a.txt | txt_filing | {"Filing Date": "1998-11-16", "Accepted": "1998-11-16 00:00:00", "Documents": "9", "Period of Report": "1998-09-30"} |
<DOCUMENT>
<TYPE>EX-10.58
<SEQUENCE>7
<TEXT>
SECURITY AGREEMENT
THIS SECURITY AGREEMENT ("Agreement") dated November 6,
1998, is made between The Exploration Company of Louisiana,
Inc. ("Grantor") and ____________ ("Lender"), who agree as
follows:
Recitals
... |
https://www.sec.gov/Archives/edgar/data/748501/0001000158-97-000084-index.html | https://www.sec.gov/Archives/edgar/data/748501/0001000158-97-000084.txt | 748501 | BALCOR EQUITY PENSION INVESTORS II | 10-Q | 1997-08-07 | 1997-06-30 | 2 | FIRST LETTER AMENDEMENT - BINGHAM FARMS V | EX-10 | 3066 | null | https://www.sec.gov/Archives/edgar/data/748501/0001000158-97-000084.txt | gs://sec-exhibit10/files/full/dc424e2f26568cfc6bddfcc4d83b1babdee748cb.txt | txt_filing | {"Filing Date": "1997-08-07", "Accepted": "1997-08-07 00:00:00", "Documents": "5", "Period of Report": "1997-06-30", "SROs": "NONE"} |
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<DESCRIPTION>FIRST LETTER AMENDEMENT - BINGHAM FARMS V
<TEXT>
BINGHAM PARTNERS, L.P.
c/o Insignia Financial Group, Inc.
One Insignia Financial Plaza
P.O. Box 1089
... |
https://www.sec.gov/Archives/edgar/data/1286613/0001188112-06-001455-index.html | https://www.sec.gov/Archives/edgar/data/1286613/0001188112-06-001455.txt | 1286613 | LINCOLN EDUCATIONAL SERVICES CORP | 10-Q | 2006-05-15 | 2006-03-31 | 2 | EXCHIBIT 10.17 | EX-10.17 | 220718 | ex10-17.txt | https://www.sec.gov/Archives/edgar/data/1286613/000118811206001455/ex10-17.txt | gs://sec-exhibit10/files/full/ef564e6e13ee3580c0344da77233205e9b59ced9.txt | txt | {"Filing Date": "2006-05-15", "Accepted": "2006-05-12 20:34:26", "Documents": "5", "Period of Report": "2006-03-31"} | <DOCUMENT>
<TYPE>EX-10.17
<SEQUENCE>2
<FILENAME>ex10-17.txt
<DESCRIPTION>EXCHIBIT 10.17
<TEXT>
<PAGE>
EXHIBIT 10.17
---------------------------------------
STOCK PURCHASE AGREEMENT
... |
https://www.sec.gov/Archives/edgar/data/709136/0000912057-96-009876-index.html | https://www.sec.gov/Archives/edgar/data/709136/0000912057-96-009876.txt | 709136 | GRAHAM FIELD HEALTH PRODUCTS INC | 10-Q | 1996-05-15 | 1996-03-31 | 2 | EXHIBIT 10.KK | EX-10.KK | 3831 | null | https://www.sec.gov/Archives/edgar/data/709136/0000912057-96-009876.txt | gs://sec-exhibit10/files/full/79807f1f687b41c2bc20814a20194717f51a1258.txt | txt_filing | {"Filing Date": "1996-05-15", "Accepted": "1996-05-15 00:00:00", "Documents": "3", "Period of Report": "1996-03-31", "SROs": "NONE"} |
<DOCUMENT>
<TYPE>EX-10.KK
<SEQUENCE>2
<DESCRIPTION>EXHIBIT 10.KK
<TEXT>
<PAGE>
ITEM 6. EXHIBITS AND REPORTSON FORM 8-K
EXHIBIT 10(KK)
AMENDMENT TO EMPLOYMENT AGREEMENT
DATED AS OF MAY 3, 1996
... |
https://www.sec.gov/Archives/edgar/data/895663/0000950129-97-002587-index.html | https://www.sec.gov/Archives/edgar/data/895663/0000950129-97-002587.txt | 895663 | GLOBAL INDUSTRIES LTD | 10-K | 1997-06-26 | 1997-03-31 | 3 | TRUST INDENTURE | EX-10.21 | 33167 | null | https://www.sec.gov/Archives/edgar/data/895663/0000950129-97-002587.txt | gs://sec-exhibit10/files/full/8caed49ef50775875d1f6189388a47d2f58d4f5b.txt | txt_filing | {"Filing Date": "1997-06-26", "Accepted": "1997-06-26 00:00:00", "Documents": "9", "Period of Report": "1997-03-31", "SROs": "NONE"} |
<DOCUMENT>
<TYPE>EX-10.21
<SEQUENCE>3
<DESCRIPTION>TRUST INDENTURE
<TEXT>
<PAGE> 1
- --------------------------------------------------------------------------------
TRUST INDENTURE
RELATING TO UNITED STATES GOVERNMENT GUARANTEED
SHIP FI... |
https://www.sec.gov/Archives/edgar/data/1013696/0001104659-08-020692-index.html | https://www.sec.gov/Archives/edgar/data/1013696/0001104659-08-020692.txt | 1013696 | CHANNELL COMMERCIAL CORP | 10-K | 2008-03-28 | 2007-12-31 | 7 | EX-10.47 | EX-10.47 | 226067 | a08-2683_1ex10d47.htm | https://www.sec.gov/Archives/edgar/data/1013696/000110465908020692/a08-2683_1ex10d47.htm | gs://sec-exhibit10/files/full/0e2cc9471dcd7d121d8f3af15bf5f398e8fe4f66.htm | html | {"Filing Date": "2008-03-28", "Accepted": "2008-03-28 14:22:53", "Documents": "19", "Period of Report": "2007-12-31"} | <DOCUMENT>
<TYPE>EX-10.47
<SEQUENCE>7
<FILENAME>a08-2683_1ex10d47.htm
<DESCRIPTION>EX-10.47
<TEXT>
<html>
<head>
</head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10... |
https://www.sec.gov/Archives/edgar/data/1019034/0000897101-99-000729-index.html | https://www.sec.gov/Archives/edgar/data/1019034/0000897101-99-000729.txt | 1019034 | SAC TECHNOLOGIES INC | 8-K | 1999-07-22 | 1999-07-09 | 4 | SECURITIES PURCHASE AGREEMENT | EX-10.21 | 57972 | null | https://www.sec.gov/Archives/edgar/data/1019034/0000897101-99-000729.txt | gs://sec-exhibit10/files/full/88ece8b026f4f0fee06bf68240b00aab63c8beb2.txt | txt_filing | {"Filing Date": "1999-07-22", "Accepted": "1999-07-22 00:00:00", "Documents": "5", "Period of Report": "1999-07-09", "Items": "Item 5: Other events"} |
<DOCUMENT>
<TYPE>EX-10.21
<SEQUENCE>4
<DESCRIPTION>SECURITIES PURCHASE AGREEMENT
<TEXT>
EXHIBIT 10.21
SECURITIES PURCHASE AGREEMENT
THIS SECURITIES PURCHASE AGREEMENT, dated as of the date of
acceptance set f... |
https://www.sec.gov/Archives/edgar/data/1025315/0000950127-01-000174-index.html | https://www.sec.gov/Archives/edgar/data/1025315/0000950127-01-000174.txt | 1025315 | SCOOP INC/DE | 10-K | 2001-02-21 | 1999-12-31 | 10 | INVOICE DISCOUNTING AGREEMENT | EX-10.5 | 48464 | 0010.txt | https://www.sec.gov/Archives/edgar/data/1025315/000095012701000174/0000950127-01-000174-0010.txt | gs://sec-exhibit10/files/full/426e9d733e3dae81c88f8cd43e9d1d604f50bc9d.txt | txt | {"Filing Date": "2001-02-21", "Accepted": "2001-02-21 00:00:00", "Documents": "12", "Period of Report": "1999-12-31"} | <DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>10
<FILENAME>0010.txt
<DESCRIPTION>INVOICE DISCOUNTING AGREEMENT
<TEXT>
INVOICE DISCOUNTING AGREEMENT
AN AGREEMENT made the 10th day of October 1996
BETWEEN
1. The person whose name and address is set out in the schedule hereto and who
is there... |
https://www.sec.gov/Archives/edgar/data/903571/0001157523-06-003091-index.html | https://www.sec.gov/Archives/edgar/data/903571/0001157523-06-003091.txt | 903571 | GOLDEN STAR RESOURCES LTD | 10-K | 2006-03-29 | 2005-12-31 | 5 | EX-10.15 | EX-10.15 | 54971 | a5110399ex1015.txt | https://www.sec.gov/Archives/edgar/data/903571/000115752306003091/a5110399ex1015.txt | gs://sec-exhibit10/files/full/7b88b2084721957fe6f4c1cdd974054f69be8614.txt | txt | {"Filing Date": "2006-03-29", "Accepted": "2006-03-29 17:17:53", "Documents": "12", "Period of Report": "2005-12-31"} | <DOCUMENT>
<TYPE>EX-10.15
<SEQUENCE>5
<FILENAME>a5110399ex1015.txt
<DESCRIPTION>EX-10.15
<TEXT>
Exhibit 10.15
Dated this 21st day of August 1987
--------------------------------------------------
... |
https://www.sec.gov/Archives/edgar/data/1056903/0001104659-18-019870-index.html | https://www.sec.gov/Archives/edgar/data/1056903/0001104659-18-019870.txt | 1056903 | AMERICAN STATES WATER CO | 8-K | 2018-03-23 | 2018-03-22 | 2 | EX-10.1 | EX-10.1 | 143685 | a18-8951_1ex10d1.htm | https://www.sec.gov/Archives/edgar/data/1056903/000110465918019870/a18-8951_1ex10d1.htm | gs://sec-exhibit10/files/full/da3daedef9a7084a8c5eda54a55cf9d1c6a029da.htm | html | {"Filing Date": "2018-03-23", "Accepted": "2018-03-23 16:17:22", "Documents": "3", "Period of Report": "2018-03-22", "Items": "Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers"} | <DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a18-8951_1ex10d1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<html>
<head>
</head>
<body link=blue lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="3" face="Times New Roman" style="font-si... |
https://www.sec.gov/Archives/edgar/data/1396009/0001193125-24-250653-index.html | https://www.sec.gov/Archives/edgar/data/1396009/0001193125-24-250653.txt | 1396009 | Vulcan Materials CO | 8-K | 2024-11-04 | 2024-11-04 | 3 | EX-10.2 | EX-10.2 | 90006 | d904968dex102.htm | https://www.sec.gov/Archives/edgar/data/1396009/000119312524250653/d904968dex102.htm | gs://sec-exhibit10/files/full/c57ee7c81de8aecaa129434e45f4d1d0140a0156.htm | html | {"Filing Date": "2024-11-04", "Accepted": "2024-11-04 16:31:01", "Documents": "15", "Period of Report": "2024-11-04", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>d904968dex102.htm
<DESCRIPTION>EX-10.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.2</TITLE>
</HEAD>
<BODY BGCOLOR="WHITE" STYLE="line-height:Normal">
<Center><DIV STYLE="width:8.5in" align="left">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New ... |
https://www.sec.gov/Archives/edgar/data/1320695/0001193125-18-050783-index.html | https://www.sec.gov/Archives/edgar/data/1320695/0001193125-18-050783.txt | 1320695 | TreeHouse Foods, Inc. | 8-K | 2018-02-21 | 2018-02-20 | 3 | EX-10.2 | EX-10.2 | 74886 | d516278dex102.htm | https://www.sec.gov/Archives/edgar/data/1320695/000119312518050783/d516278dex102.htm | gs://sec-exhibit10/files/full/4ff27072333d21194df102eade1f66f14aa1b029.htm | html | {"Filing Date": "2018-02-21", "Accepted": "2018-02-20 21:47:32", "Documents": "4", "Period of Report": "2018-02-20", "Items": "Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers"} | <DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>d516278dex102.htm
<DESCRIPTION>EX-10.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.2</TITLE>
</HEAD>
<BODY BGCOLOR="WHITE">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; m... |
https://www.sec.gov/Archives/edgar/data/34956/0001654954-18-009137-index.html | https://www.sec.gov/Archives/edgar/data/34956/0001654954-18-009137.txt | 34956 | TENAX THERAPEUTICS, INC. | 10-Q | 2018-08-14 | 2018-06-30 | 3 | FORM OF OPTION ISSUED TO EMPLOYEES | EX-10.3 | 62599 | tenx_ex103.htm | https://www.sec.gov/Archives/edgar/data/34956/000165495418009137/tenx_ex103.htm | gs://sec-exhibit10/files/full/2be3b0546d9ef879194e7da472092831cf45ae9f.htm | html | {"Filing Date": "2018-08-14", "Accepted": "2018-08-14 16:31:55", "Documents": "49", "Period of Report": "2018-06-30"} | <DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>3
<FILENAME>tenx_ex103.htm
<DESCRIPTION>FORM OF OPTION ISSUED TO EMPLOYEES
<TEXT>
<html>
<head>
<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->
<!-- Copyright 2018 Issuer Direct Corporation -->
<title>Blueprint</title>
</head>
<body style... |
https://www.sec.gov/Archives/edgar/data/919467/0000919465-08-000010-index.html | https://www.sec.gov/Archives/edgar/data/919467/0000919465-08-000010.txt | 919467 | BERRY IOWA CORP | 8-K | 2008-02-11 | 2008-02-05 | 2 | SENIOR SECURED BRIDGE LOAN CREDIT AGREEMENT | EX-10.1 | 1193874 | ex101.htm | https://www.sec.gov/Archives/edgar/data/55454/000091946508000010/ex101.htm | gs://sec-exhibit10/files/full/3015bcf110d851a73cd3dc7a82a6c8b54af179d7.htm | html | {"Filing Date": "2008-02-11", "Accepted": "2008-02-11 16:36:04", "Documents": "14", "Period of Report": "2008-02-05", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex101.htm
<DESCRIPTION>SENIOR SECURED BRIDGE LOAN CREDIT AGREEMENT
<TEXT>
<html>
<head>
<title>ex101.htm</title>
<!-- Licensed to: Berry Plastics Corporation-->
<!-- Document Created using EDGARizer 4.0.4.0 -->
<!-- Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC co... |
https://www.sec.gov/Archives/edgar/data/792013/0001116502-07-000467-index.html | https://www.sec.gov/Archives/edgar/data/792013/0001116502-07-000467.txt | 792013 | HARLEYSVILLE GROUP INC | 10-K | 2007-03-09 | 2006-12-31 | 6 | NON-EMPLOYEE COMPENSATION | EX-10.AJ | 8236 | exhibit10aj.htm | https://www.sec.gov/Archives/edgar/data/792013/000111650207000467/exhibit10aj.htm | gs://sec-exhibit10/files/full/c6e0901fc05a973fe51d70dc42886f93fb801e9e.htm | html | {"Filing Date": "2007-03-09", "Accepted": "2007-03-09 13:48:45", "Documents": "13", "Period of Report": "2006-12-31"} | <DOCUMENT>
<TYPE>EX-10.AJ
<SEQUENCE>6
<FILENAME>exhibit10aj.htm
<DESCRIPTION>NON-EMPLOYEE COMPENSATION
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>United States Securities & Exchange Commission EDGAR Filing</TITLE>
<META NAME="keywords" CONTENT="Bassett Press, Inc. 888-805-9953">
<META NA... |
https://www.sec.gov/Archives/edgar/data/1141391/0001193125-06-108735-index.html | https://www.sec.gov/Archives/edgar/data/1141391/0001193125-06-108735.txt | 1141391 | MASTERCARD INC | 8-K | 2006-05-11 | 2006-05-09 | 2 | CUSTOMER BUSINESS AGREEMENT | EX-10.1 | 212989 | dex101.htm | https://www.sec.gov/Archives/edgar/data/1141391/000119312506108735/dex101.htm | gs://sec-exhibit10/files/full/a9338b41aae35e0b5ea6cf9e483bdabeb4d08e9c.htm | html | {"Filing Date": "2006-05-11", "Accepted": "2006-05-11 12:49:08", "Documents": "2", "Period of Report": "2006-05-09", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>dex101.htm
<DESCRIPTION>CUSTOMER BUSINESS AGREEMENT
<TEXT>
<HTML><HEAD>
<TITLE>Customer Business Agreement</TITLE>
</HEAD>
<BODY BGCOLOR="WHITE">
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 10.1 </B></FONT><... |
https://www.sec.gov/Archives/edgar/data/1182534/0001193125-21-352632-index.html | https://www.sec.gov/Archives/edgar/data/1182534/0001193125-21-352632.txt | 1182534 | VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC | 8-K | 2021-12-09 | 2021-12-07 | 6 | EX-10.3 | EX-10.3 | 86449 | d158422dex103.htm | https://www.sec.gov/Archives/edgar/data/1182534/000119312521352632/d158422dex103.htm | gs://sec-exhibit10/files/full/3e5ca991157fec26a386d9f99da36730390a85b3.htm | html | {"Filing Date": "2021-12-09", "Accepted": "2021-12-09 15:56:57", "Documents": "9", "Period of Report": "2021-12-07", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>6
<FILENAME>d158422dex103.htm
<DESCRIPTION>EX-10.3
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.3</TITLE>
</HEAD>
<BODY BGCOLOR="WHITE">
<Center><DIV STYLE="width:8.5in" align="left">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Ex... |
https://www.sec.gov/Archives/edgar/data/703701/0000703701-02-000002-index.html | https://www.sec.gov/Archives/edgar/data/703701/0000703701-02-000002.txt | 703701 | ASCENT ASSURANCE INC | 10-K | 2002-03-08 | 2001-12-31 | 3 | FIFTH AMENDMENT TO CREDIT AGREEMENT | EX-10.31 | 6477 | exh_31.txt | https://www.sec.gov/Archives/edgar/data/703701/000070370102000002/exh_31.txt | gs://sec-exhibit10/files/full/52818bb31ac73a03400d1af317a5f1df57aaa37c.txt | txt | {"Filing Date": "2002-03-08", "Accepted": "2002-03-08 00:00:00", "Documents": "4", "Period of Report": "2001-12-31"} | <DOCUMENT>
<TYPE>EX-10.31
<SEQUENCE>3
<FILENAME>exh_31.txt
<DESCRIPTION>FIFTH AMENDMENT TO CREDIT AGREEMENT
<TEXT>
FIFTH AMENDMENT TO CREDIT AGREEMENT
This Fifth Amendment to Credit Agreement (the "Amendment") is made as of this
27th day of November, 2001 by and among ASCENT FUNDING, INC. (... |
https://www.sec.gov/Archives/edgar/data/1322791/0001047469-09-005121-index.html | https://www.sec.gov/Archives/edgar/data/1322791/0001047469-09-005121.txt | 1322791 | VIRGIN MEDIA INVESTMENT HOLDINGS LTD | 10-Q | 2009-05-06 | 2009-03-31 | 5 | EXHIBIT 10.5 | EX-10.5 | 133739 | a2192666zex-10_5.htm | https://www.sec.gov/Archives/edgar/data/1270400/000104746909005121/a2192666zex-10_5.htm | gs://sec-exhibit10/files/full/41518bd9445c4fed3c7842c55dbb2c9bc380745d.htm | html | {"Filing Date": "2009-05-06", "Accepted": "2009-05-06 16:13:31", "Documents": "9", "Period of Report": "2009-03-31"} | <DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>5
<FILENAME>a2192666zex-10_5.htm
<DESCRIPTION>EXHIBIT 10.5
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE VLINK=PURPLE>
<BR>
<div>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font... |
https://www.sec.gov/Archives/edgar/data/890447/0001144204-06-006665-index.html | https://www.sec.gov/Archives/edgar/data/890447/0001144204-06-006665.txt | 890447 | WORLD WASTE TECHNOLOGIES INC | 8-K | 2006-02-16 | 2006-02-16 | 7 | null | EX-10.6 | 36930 | ex_10-6.txt | https://www.sec.gov/Archives/edgar/data/890447/000114420406006665/ex_10-6.txt | gs://sec-exhibit10/files/full/7723b94abd740ae949bb771b2a4e42cb5e325f4d.txt | txt | {"Filing Date": "2006-02-16", "Accepted": "2006-02-16 09:05:20", "Documents": "9", "Period of Report": "2006-02-16", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>7
<FILENAME>ex_10-6.txt
<TEXT>
SUBSIDIARY GUARANTEE
SUBSIDIARY GUARANTEE, dated as of February 10, 2006 (this "Guarantee"),
made by each of the signatories hereto (together with any other entity that may
become a party hereto as provided herei... |
https://www.sec.gov/Archives/edgar/data/879301/0000879301-97-000011-index.html | https://www.sec.gov/Archives/edgar/data/879301/0000879301-97-000011.txt | 879301 | LASERSIGHT INC /DE | 10-K | 1997-03-28 | 1996-12-31 | 5 | CORRESPONDENCE | EX-10.34 | 1110 | null | https://www.sec.gov/Archives/edgar/data/879301/0000879301-97-000011.txt | gs://sec-exhibit10/files/full/36210a44b618547d29917f76cd79bafd083b1bb7.txt | txt_filing | {"Filing Date": "1997-03-28", "Accepted": "1997-03-28 00:00:00", "Documents": "14", "Period of Report": "1996-12-31", "SROs": "NASD"} |
<DOCUMENT>
<TYPE>EX-10.34
<SEQUENCE>5
<DESCRIPTION>CORRESPONDENCE
<TEXT>
EXHIBIT 10.34
-------------
January 8, 1997
Mark B. Gordon, O.D.
Howard H. Levin, O.D.
MEC Health Care, Inc.
100 Park Avenue
Baltimore, MD 21201
Dear Mark and Howard:
This ... |
https://www.sec.gov/Archives/edgar/data/1010519/0001010519-99-000005-index.html | https://www.sec.gov/Archives/edgar/data/1010519/0001010519-99-000005.txt | 1010519 | UNION FINANCIAL SERVICES I INC | 10-Q | 1999-05-14 | 1999-03-31 | 2 | null | EX-10.2.1 | 37185 | null | https://www.sec.gov/Archives/edgar/data/1010519/0001010519-99-000005.txt | gs://sec-exhibit10/files/full/9c70e905ce1798192492059c041e8438e2154194.txt | txt_filing | {"Filing Date": "1999-05-14", "Accepted": "1999-05-14 00:00:00", "Documents": "3", "Period of Report": "1999-03-31"} |
<DOCUMENT>
<TYPE>EX-10.2.1
<SEQUENCE>2
<TEXT>
SECOND AMENDED AND RESTATED SERVICING AGREEMENT
THIS SECOND AMENDED AND RESTATED SERVICING AGREEMENT (the "Agreement")
entered into and effective as of the 18th day of December, 1998, by and between
UNION BANK AND TRUST COMPANY, a Nebraska ba... |
https://www.sec.gov/Archives/edgar/data/1166691/0001193125-16-558907-index.html | https://www.sec.gov/Archives/edgar/data/1166691/0001193125-16-558907.txt | 1166691 | COMCAST CORP | 10-Q | 2016-04-27 | 2016-03-31 | 2 | EX-10.1 | EX-10.1 | 41218 | d156977dex101.htm | https://www.sec.gov/Archives/edgar/data/902739/000119312516558907/d156977dex101.htm | gs://sec-exhibit10/files/full/76414079f25e953dd08612ce30759a9d19616859.htm | html | {"Filing Date": "2016-04-27", "Accepted": "2016-04-27 14:41:26", "Documents": "83", "Period of Report": "2016-03-31"} | <DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d156977dex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.1</TITLE>
</HEAD>
<BODY BGCOLOR="WHITE">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; m... |
https://www.sec.gov/Archives/edgar/data/889331/0001437749-17-007625-index.html | https://www.sec.gov/Archives/edgar/data/889331/0001437749-17-007625.txt | 889331 | LITTELFUSE INC /DE | 8-K | 2017-05-01 | 2017-04-28 | 2 | EXHIBIT 10.1 | EX-10.1 | 178050 | ex10-1.htm | https://www.sec.gov/Archives/edgar/data/889331/000143774917007625/ex10-1.htm | gs://sec-exhibit10/files/full/5d73a43930f87a400845fc30f7bb3edd1ad3b3b9.htm | html | {"Filing Date": "2017-05-01", "Accepted": "2017-05-01 16:30:49", "Documents": "4", "Period of Report": "2017-04-28", "Items": "Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers"} | <DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P id=PARA560 style="MARGIN-BO... |
https://www.sec.gov/Archives/edgar/data/740670/0000950134-04-013105-index.html | https://www.sec.gov/Archives/edgar/data/740670/0000950134-04-013105.txt | 740670 | MICHAELS STORES INC | 10-Q | 2004-09-01 | 2004-07-31 | 2 | AMENDED & RESTATED EMPLOYMENT AGREEMENT | EX-10.1 | 30613 | d18106exv10w1.htm | https://www.sec.gov/Archives/edgar/data/740670/000095013404013105/d18106exv10w1.htm | gs://sec-exhibit10/files/full/17aeddb1854e34c0f13a5d1cd3240b377dd1b333.htm | html | {"Filing Date": "2004-09-01", "Accepted": "2004-09-01 17:23:54", "Documents": "5", "Period of Report": "2004-07-31"} | <DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d18106exv10w1.htm
<DESCRIPTION>AMENDED & RESTATED EMPLOYMENT AGREEMENT
<TEXT>
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<HEAD>
<TITLE>exv10w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always"> </H5><P>
<DIV style="font-family: 'Times New Roman... |
https://www.sec.gov/Archives/edgar/data/101271/0001104659-07-073736-index.html | https://www.sec.gov/Archives/edgar/data/101271/0001104659-07-073736.txt | 101271 | UNITED INDUSTRIAL CORP /DE/ | 8-K | 2007-10-09 | 2007-10-07 | 5 | EX-10.3 | EX-10.3 | 16615 | a07-26125_1ex10d3.htm | https://www.sec.gov/Archives/edgar/data/101271/000110465907073736/a07-26125_1ex10d3.htm | gs://sec-exhibit10/files/full/18d239572bfdf70a22bab24c70843b3da6cc1dc1.htm | html | {"Filing Date": "2007-10-09", "Accepted": "2007-10-09 06:09:48", "Documents": "14", "Period of Report": "2007-10-07", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>5
<FILENAME>a07-26125_1ex10d3.htm
<DESCRIPTION>EX-10.3
<TEXT>
<html>
<head>
</head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0p... |
https://www.sec.gov/Archives/edgar/data/1464343/0001437749-21-012331-index.html | https://www.sec.gov/Archives/edgar/data/1464343/0001437749-21-012331.txt | 1464343 | Atlanticus Holdings Corp | 10-Q | 2021-05-14 | 2021-03-31 | 3 | EXHIBIT 10.2 | EX-10.2 | 61060 | ex_250127.htm | https://www.sec.gov/Archives/edgar/data/1464343/000143774921012331/ex_250127.htm | gs://sec-exhibit10/files/full/3a61026a2d73b7cf7b61acd290868572fd390f4b.htm | html | {"Filing Date": "2021-05-14", "Accepted": "2021-05-14 16:27:56", "Documents": "83", "Period of Report": "2021-03-31"} | <DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex_250127.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<title>ex_250127.htm</title>
</head>
... |
https://www.sec.gov/Archives/edgar/data/790025/0000950170-96-001050-index.html | https://www.sec.gov/Archives/edgar/data/790025/0000950170-96-001050.txt | 790025 | CAPITAL MEDIA GROUP LTD | 10-Q | 1996-11-19 | 1996-09-30 | 4 | null | EX-10.3 | 19413 | null | https://www.sec.gov/Archives/edgar/data/790025/0000950170-96-001050.txt | gs://sec-exhibit10/files/full/3af189f49c7ac09107f9d52038f5a4d8ce4ee122.txt | txt_filing | {"Filing Date": "1996-11-19", "Accepted": "1996-11-19 00:00:00", "Documents": "15", "Period of Report": "1996-09-30", "SROs": "NONE"} |
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<TEXT>
EXHIBIT 10.3
DATED 31 October 1996
SECURITY ASSIGNMENT
CAPITAL MEDIA (UK) LIMITED (1)
INSTAR HOLDINGS INC ... |
https://www.sec.gov/Archives/edgar/data/1047202/0001193125-04-077721-index.html | https://www.sec.gov/Archives/edgar/data/1047202/0001193125-04-077721.txt | 1047202 | GETTY IMAGES INC | 10-Q | 2004-05-04 | 2004-03-31 | 2 | NOTICE PURSUANT TO EMPLOYMENT AGREEMENT WITH MARK GETTY DATED MARCH 3, 2004 | EX-10.42 | 5692 | dex1042.htm | https://www.sec.gov/Archives/edgar/data/1047202/000119312504077721/dex1042.htm | gs://sec-exhibit10/files/full/4bc7cdcda2d3d6b6fd42b151c81ca22412f00c48.htm | html | {"Filing Date": "2004-05-04", "Accepted": "2004-05-04 13:30:04", "Documents": "7", "Period of Report": "2004-03-31"} | <DOCUMENT>
<TYPE>EX-10.42
<SEQUENCE>2
<FILENAME>dex1042.htm
<DESCRIPTION>NOTICE PURSUANT TO EMPLOYMENT AGREEMENT WITH MARK GETTY DATED MARCH 3, 2004
<TEXT>
<HTML><HEAD>
<TITLE>Notice Pursuant to Employment Agreement with Mark Getty dated March 3, 2004</TITLE>
</HEAD>
<BODY BGCOLOR="WHITE">
<P STYLE="margin-top:0px;m... |
https://www.sec.gov/Archives/edgar/data/912898/0000950152-98-002778-index.html | https://www.sec.gov/Archives/edgar/data/912898/0000950152-98-002778.txt | 912898 | GLIMCHER REALTY TRUST | 10-K | 1998-03-31 | 1997-12-31 | 15 | EXHIBIT 10.56 | EX-10.56 | 58386 | null | https://www.sec.gov/Archives/edgar/data/912898/0000950152-98-002778.txt | gs://sec-exhibit10/files/full/b196962e4e7141296900a7ae3a81d00dfceeb31b.txt | txt_filing | {"Filing Date": "1998-03-31", "Accepted": "1998-03-31 00:00:00", "Documents": "22", "Period of Report": "1997-12-31", "SROs": "NONE"} |
<DOCUMENT>
<TYPE>EX-10.56
<SEQUENCE>15
<DESCRIPTION>EXHIBIT 10.56
<TEXT>
<PAGE> 1
Exhibit 10.56
EXHIBIT A
ARTICLES SUPPLEMENTARY
... |
https://www.sec.gov/Archives/edgar/data/1665918/0001193125-16-610015-index.html | https://www.sec.gov/Archives/edgar/data/1665918/0001193125-16-610015.txt | 1665918 | US Foods Holding Corp. | 8-K | 2016-06-01 | 2016-05-25 | 7 | EX-10.4 | EX-10.4 | 9833 | d203999dex104.htm | https://www.sec.gov/Archives/edgar/data/1665918/000119312516610015/d203999dex104.htm | gs://sec-exhibit10/files/full/f20d5b258d68d1f9b46fc9439293529e1909e237.htm | html | {"Filing Date": "2016-06-01", "Accepted": "2016-06-01 16:54:30", "Documents": "31", "Period of Report": "2016-05-25", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>7
<FILENAME>d203999dex104.htm
<DESCRIPTION>EX-10.4
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.4</TITLE>
</HEAD>
<BODY BGCOLOR="WHITE">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.4 </B></P>
<P STYLE="margin-top:12pt; m... |
https://www.sec.gov/Archives/edgar/data/55387/0000922224-22-000005-index.html | https://www.sec.gov/Archives/edgar/data/55387/0000922224-22-000005.txt | 55387 | KENTUCKY UTILITIES CO | 10-K | 2022-02-18 | 2021-12-31 | 4 | EX-10.DD2 | EX-10.DD2 | 624 | exhibit10dd-2.htm | https://www.sec.gov/Archives/edgar/data/55387/000092222422000005/exhibit10dd-2.htm | gs://sec-exhibit10/files/full/f237fc1ef1689acfa04cd2456654480ea9325cf9.htm | html | {"Filing Date": "2022-02-18", "Accepted": "2022-02-18 12:06:53", "Documents": "184", "Period of Report": "2021-12-31"} | <DOCUMENT>
<TYPE>EX-10.DD2
<SEQUENCE>4
<FILENAME>exhibit10dd-2.htm
<DESCRIPTION>EX-10.DD2
<TEXT>
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<TITLE>exhibit10dd-2</TITLE>
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<BODY bgcolor="white">
<DIV align="center">
<DIV style="margin-left:1em;width:1055;"><!-- exhibit10dd-2001.jpg -->
<DIV style="pad... |
https://www.sec.gov/Archives/edgar/data/890975/0001104659-25-010085-index.html | https://www.sec.gov/Archives/edgar/data/890975/0001104659-25-010085.txt | 890975 | AMERICAN HONDA RECEIVABLES LLC | 8-K | 2025-02-06 | 2025-02-04 | 6 | EXHIBIT 10.3 | EX-10.3 | 124017 | tm2429763d9_ex10-3.htm | https://www.sec.gov/Archives/edgar/data/890975/000110465925010085/tm2429763d9_ex10-3.htm | gs://sec-exhibit10/files/full/62d9bdbec8b66dceb79cd316b5054512f945c031.htm | html | {"Filing Date": "2025-02-06", "Accepted": "2025-02-06 15:58:52", "Documents": "9", "Period of Report": "2025-02-04", "Items": "Item 1.01: Entry into a Material Definitive Agreement"} | <DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>6
<FILENAME>tm2429763d9_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">
<P STYLE="margin: 0"> </P>
<P STYLE="text-align: right; margin: 0"><FONT STYLE="text-transform: uppercase"><B>e... |
https://www.sec.gov/Archives/edgar/data/826773/0000950134-00-008278-index.html | https://www.sec.gov/Archives/edgar/data/826773/0000950134-00-008278.txt | 826773 | EVENTURES GROUP INC | 10-K | 2000-09-28 | 2000-06-30 | 5 | EMPLOYMENT AGREEMENT, MARCH 10, 2000 | EX-10.44 | 65035 | d80441ex10-44.txt | https://www.sec.gov/Archives/edgar/data/826773/000095013400008278/d80441ex10-44.txt | gs://sec-exhibit10/files/full/b8c75cb648c56efec6b922797469312c5b07baa9.txt | txt | {"Filing Date": "2000-09-28", "Accepted": "2000-09-28 00:00:00", "Documents": "12", "Period of Report": "2000-06-30"} | <DOCUMENT>
<TYPE>EX-10.44
<SEQUENCE>5
<FILENAME>d80441ex10-44.txt
<DESCRIPTION>EMPLOYMENT AGREEMENT, MARCH 10, 2000
<TEXT>
<PAGE> 1
EXHIBIT 10.44
EMPLOYMENT AGREEMENT
This Agreement is made as of th... |
https://www.sec.gov/Archives/edgar/data/875296/0001015402-02-001837-index.html | https://www.sec.gov/Archives/edgar/data/875296/0001015402-02-001837.txt | 875296 | URECOATS INDUSTRIES INC | 10-Q | 2002-05-15 | 2002-03-31 | 6 | null | EX-10.7 | 72577 | exh107.htm | https://www.sec.gov/Archives/edgar/data/875296/000101540202001837/exh107.htm | gs://sec-exhibit10/files/full/864347a59696e89663ccc2387251f13b8cd02602.htm | html | {"Filing Date": "2002-05-15", "Accepted": "2002-05-15 16:57:12", "Documents": "10", "Period of Report": "2002-03-31"} | <DOCUMENT>
<TYPE>EX-10.7
<SEQUENCE>6
<FILENAME>exh107.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>Ex 10.7 Guyton</TITLE>
</HEAD>
<BODY bgcolor=#ffffff>
<p align=center><font size=2><B>EMPLOYMENT AGREEMENT</B></font></p>
<p align=justify><font size=2> THIS EMPLOYMENT AGREEMENT (“A... |