WILLBROS GROUP INC
CREDIT AGREEMENT
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>4
<FILENAME>h51850exv10.htm
<DESCRIPTION>CREDIT AGREEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE>exv10</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;10</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 6pt"><u><I>Execution Version</I></u>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV style="width: 100%; border-bottom: 3px double #000000; font-size: 1px">&nbsp;</DIV>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">CREDIT AGREEMENT

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Dated as of November&nbsp;20, 2007

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Among

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">WILLBROS USA, INC.

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>as Borrower</U>,

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">WILLBROS GROUP, INC. AND

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">CERTAIN SUBSIDIARIES AND AFFILIATES THEREOF,

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>as Guarantors</U>,

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">THE LENDERS FROM TIME TO TIME PARTY HERETO,

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>as Lenders</U>,

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">and

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">CALYON NEW YORK BRANCH,

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>as Administrative Agent, Collateral Agent, and Issuing Bank</U>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 12pt"><DIV style="width: 100%; border-bottom: 3px double #000000; font-size: 1px">&nbsp;</DIV>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 12pt">CALYON SECURITIES LLC,

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 0pt"><U>as Sole Lead Arranger and Sole Bookrunner</U>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">UBS SECURITIES LLC AND CREDIT SUISSE SECURITIES (USA)&nbsp;LLC

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 0pt"><U>as Co-Syndication Agents</U>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">NATIXIS

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 0pt"><U>as Documentation Agent</U>

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TABLE OF CONTENTS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Page</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE I DEFINITIONS AND ACCOUNTING TERMS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;1.01</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certain Defined Terms</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;1.02</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Computation of Time Periods</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;1.03</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Accounting Terms</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;1.04</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Classes and Types of Advances</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;1.05</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Exchange Rates; Currency Equivalents</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;1.06</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Additional Alternative Currencies</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;1.07</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Change of Currency</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;1.08</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Miscellaneous</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE II LETTERS OF CREDIT AND ADVANCES</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.01</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Commitments for Revolving Advances</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.02</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Borrowings, Conversions and
Continuations of Revolving Advances</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.03</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Letters of Credit</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.04</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Noteless Agreement; Evidence of Indebtedness</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.05</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Reductions and Increases of the Commitments</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.06</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Fees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.07</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Repayment</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">48</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.08</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Prepayments</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.09</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Interest</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Breakage Costs</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.11</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Increased Costs</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Payments and Computations</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.13</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Taxes</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">57</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.14</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sharing of Payments, Etc.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.15</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Applicable Lending Offices</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.16</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Replacement of Lenders</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE III CONDITIONS OF LENDING</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;3.01</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Initial Conditions Precedent</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;3.02</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Conditions Precedent to Each Advance</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">66</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;3.03</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Determinations Under Sections 3.01 or 3.02</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">66</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE IV REPRESENTATIONS AND WARRANTIES</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">66</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.01</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Existence</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">66</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.02</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power and Authority</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">66</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.03</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Authorization and Approvals</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.04</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Enforceable Obligations</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.05</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Financial Statements; No Material Adverse Effect</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.06</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">True and Complete Disclosure</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.07</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Litigation</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.08</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Compliance with Laws</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">-i-
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TABLE OF CONTENTS</B><BR>
(continued)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Page</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.09</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No Default</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Subsidiaries; Corporate Structure</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.11</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Liens; Condition of Properties</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Environmental Condition</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.13</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Insurance</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.14</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Taxes</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">71</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.15</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ERISA Compliance</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">71</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.16</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Security Interests</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.17</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Bank Accounts</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.18</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Labor Relations</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.19</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Intellectual Property</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.20</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Solvency</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.21</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Indebtedness</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.22</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Margin Regulations</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.23</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Investment Company Act</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.24</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Names and Locations</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE V AFFIRMATIVE COVENANTS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.01</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preservation of Existence, Etc.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.02</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Compliance with Laws, Etc.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.03</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Maintenance of Property</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.04</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Maintenance of Insurance</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.05</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Payment of Taxes, Etc.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.06</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Reporting Requirements</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.07</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Other Notices</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">78</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.08</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Books and Records; Inspection</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.09</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Agreement to Pledge</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Intentionally Omitted</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.11</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Nature of Business</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Additional Guarantors</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.13</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Additional Collateral Requirements</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.14</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Intentionally Omitted</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.15</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Further Assurances in General</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.16</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Post-Closing Items for InServ Acquisition</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.17</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Post-Closing Items for Certain Canadian Assets</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">83</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE VI NEGATIVE COVENANTS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">83</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.01</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Liens, Etc.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">83</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.02</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Debts, Guaranties and Other Obligations</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">84</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.03</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Merger or Consolidation</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">85</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.04</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Asset Dispositions</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">86</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.05</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Investments and Acquisitions</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">87</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.06</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restricted Payments</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">89</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">-ii-
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TABLE OF CONTENTS</B><BR>
(continued)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Page</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.07</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Change in Nature of Business</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">89</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.08</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Transactions With Affiliates</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">90</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.09</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Agreements Restricting Liens and Distributions</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">90</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Limitation on Accounting Changes or Changes in Fiscal Periods</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">90</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.11</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Limitation on Speculative Hedging</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">90</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Use of Proceeds</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">90</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.13</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sale and Leaseback Transactions and
other Off-Balance Sheet Liabilities</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.14</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Convertible Senior Notes; Subordinated Debt</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.15</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Maximum Capital Expenditure Ratio</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.16</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Minimum Fixed Charge Coverage Ratio</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.17</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Maximum Leverage Ratio</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">92</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.18</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Minimum Net Worth</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">92</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.19</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Collateral Restrictions - Deposit Accounts</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">92</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE VII EVENTS OF DEFAULT</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">93</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;7.01</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Events of Default</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">93</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;7.02</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Optional Acceleration of Maturity</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">94</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;7.03</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Automatic Acceleration of Maturity</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">95</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;7.04</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Non-exclusivity of Remedies</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">95</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;7.05</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Right of Set-off</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">95</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;7.06</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Application of Proceeds</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">96</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;7.07</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Letters of Credit</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">97</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE VIII THE GUARANTY</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">97</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.01</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Liabilities Guaranteed</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">97</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.02</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Nature of Guaranty</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">97</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.03</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Agent&#146;s Rights</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.04</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Guarantor&#146;s Waivers</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.05</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Maturity of Obligations, Payment</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.06</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Agent&#146;s Expenses</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.07</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Liability</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.08</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Events and Circumstances Not
Reducing or Discharging any Guarantor&#146;s Obligations</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.09</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Subordination of All Guarantor Claims</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">101</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Claims in Bankruptcy</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">102</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.11</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Payments Held in Trust</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">103</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Benefit of Guaranty</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">103</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.13</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Reinstatement</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">103</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.14</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Liens Subordinate</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">103</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.15</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Guarantor&#146;s Enforcement Rights</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">103</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.16</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Limitation</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">104</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">-iii-
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TABLE OF CONTENTS</B><BR>
(continued)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Page</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.17</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Contribution Rights</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">104</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.18</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Release of Guarantors</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">105</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE IX THE AGENTS AND THE ISSUING BANK</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">105</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;9.01</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Appointment and Authority</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">105</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;9.02</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Rights as a Lender</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">105</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;9.03</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Exculpatory Provisions</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">105</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;9.04</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Reliance by the Agents and the Issuing Bank</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">106</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;9.05</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delegation of Duties</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">107</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;9.06</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Resignation of an Agent or the Issuing Bank</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">107</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;9.07</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Non-Reliance on Administrative Agent and Other Lenders</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">108</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;9.08</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Indemnification</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">108</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;9.09</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Collateral and Guaranty Matters</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">109</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;9.10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No Other Duties, etc.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">110</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left">ARTICLE X MISCELLANEOUS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">111</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.01</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amendments, Etc.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">111</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.02</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Notices, Etc.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">112</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.03</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No Waiver; Cumulative Remedies</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">114</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.04</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Costs and Expenses</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">114</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.05</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Indemnification</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">115</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.06</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Successors and Assigns</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">116</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.07</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Confidentiality</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">119</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.08</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Execution in Counterparts</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">119</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.09</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Survival of Representations, etc.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">119</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Severability</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">120</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.11</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Payments Set Aside</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">120</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Governing Law</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">120</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.13</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Submission to Jurisdiction</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">120</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.14</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Waiver of Jury</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">121</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.15</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Collateral Matters; Swap Contracts</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">121</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.16</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Judgment Currency</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">121</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.17</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Entire Agreement</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">122</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;10.18</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">USA Patriot Act Notice</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">122</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">-iv-
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TABLE OF CONTENTS</B><BR>
(continued)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="17%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="60%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Page</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">EXHIBITS:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;A
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Assignment and Acceptance Agreement
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;B
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#091;Reserved&#093;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;C
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Compliance Certificate</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;D
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Letter of Credit Request</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;E
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Note</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;F
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Notice of Borrowing</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;G
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Notice of Conversion or Continuation</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;H
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Pledge Agreement</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;I
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Security Agreement</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">SCHEDULES*:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;1.01(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Existing Letters of Credit</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;1.01(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Guarantors</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;1.01(c)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mortgaged Property</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;2.01
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Commitments and Applicable Percentages of the Lenders</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;3.01(a)(iv)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Pledged Equity Interests</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.05(d)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Material Adverse Effects</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.07
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Litigation</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Subsidiaries</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.13
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Insurance</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.17
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Bank Accounts</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.18
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Labor Relations</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;4.24
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Locations</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;6.01
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Existing Liens</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;6.02
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Existing Debt</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;6.08
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Affiliate Transactions</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule&nbsp;10.02
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Addresses for Notice</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Omitted. The Company agrees to furnish supplementally a copy of any
omitted schedule to the Securities and Exchange Commission upon its
request.</TD>
</TR>


</TABLE>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt">-v-
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CREDIT AGREEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Credit Agreement dated as of November&nbsp;20, 2007 is among Willbros USA, Inc., a Delaware
corporation (the &#147;<U>Borrower</U>&#148;), the Guarantors, the Lenders, and Calyon New York Branch, as
Administrative Agent, Collateral Agent, and Issuing Bank (each term as defined below).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The parties hereto agree as follows:
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE I</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>DEFINITIONS AND ACCOUNTING TERMS</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.01 <U>Certain Defined Terms</U>. As used in this Agreement the following terms
shall have the following meanings (unless otherwise indicated, such meanings to be equally
applicable to both the singular and plural forms of the terms defined):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Acceleration Date</U>&#148; means the first date after the Closing Date on which there shall
occur (a)&nbsp;any event described in subsection (e)&nbsp;of <U>Section&nbsp;7.01</U> or (b)&nbsp;an acceleration of
the Advances and termination of the Commitments.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Acceptable Security Interest</U>&#148; in any Property means a Lien which (a)&nbsp;exists in favor
of the Collateral Agent for the benefit of the Secured Parties; (b)&nbsp;is superior to all other Liens
except Permitted Liens; (c)&nbsp;secures the Obligations; and (d)&nbsp;is perfected and enforceable against
the Loan Party that created such security interest in preference to any rights of any Person
therein, other than Permitted Liens.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Account Control Agreement</U>&#148; shall mean, subject to <U>Section&nbsp;6.19</U>, if any
deposit or securities account of any Loan Party is held with a financial institution or financial
intermediary that is not the Collateral Agent, an agreement or agreements in form and substance
reasonably acceptable to the Collateral Agent between the Collateral Agent and such other financial
institution or financial intermediary governing any such deposit accounts or securities accounts of
such Loan Party.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Acquisition</U>&#148; means any transaction, or any series of related transactions,
consummated on or after the date of this Agreement, by which the Parent or any of its Subsidiaries
(a)&nbsp;acquires any going business or all or substantially all of the assets of any firm, corporation
or limited liability company, or division thereof, whether through purchase of assets, merger or
otherwise, or (b)&nbsp;directly or indirectly acquires (in one transaction or as the most recent
transaction in a series of transactions) at least a majority (in number of votes) of the securities
of a corporation which have ordinary voting power for the election of directors (other than
securities having such power only by reason of the happening of a contingency) or a majority (by
percentage or voting power) of the outstanding ownership interests of a partnership or limited
liability company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Adjusted Base Rate</U>&#148; means, for any day, a fluctuating rate of interest per annum
equal to the higher of (a)&nbsp;the Prime Rate in effect for such day and (b)&nbsp;the sum of the Federal
Funds Effective Rate in effect for such day plus <FONT style="font-size: 70%"><SUP>1</SUP></FONT>/<FONT style="font-size: 60%">2</FONT> of 1% per annum. Any change in the Adjusted
Base
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective
on the effective date of such change in the Prime Rate or Federal Funds Effective Rate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Administrative Agent</U>&#148; means Calyon in its capacity as administrative agent for the
Lenders under the Loan Documents and any successor in such capacity appointed pursuant to
<U>Section&nbsp;9.06</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Administrative Questionnaire</U>&#148; means an administrative questionnaire in a form
supplied by the Administrative Agent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Advance</U>&#148; means any LC Advance or Revolving Advance, as the context may require.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Affiliate</U>&#148; of any Person, means any other Person that, directly or indirectly,
through one or more intermediaries, controls, is controlled by, or is under common control with,
such Person or any Subsidiary of such Person. The term &#147;control&#148; (including the terms &#147;controlled
by&#148; or &#147;under common control with&#148;) means the possession, directly or indirectly, of the power to
(a)&nbsp;vote or direct the voting of 10% or more of the outstanding shares of Voting Stock of such
Person or (b)&nbsp;direct or cause the direction of the management and policies of a Person, whether
through the ability to exercise voting power, by contract or otherwise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Agent</U>&#148; means either the Administrative Agent or the Collateral Agent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Agreement</U>&#148; means this Credit Agreement dated as of November&nbsp;20, 2007 among the
Borrower, the Guarantors, the Lenders, the Administrative Agent and the Collateral Agent, as it may
be amended or modified and in effect from time to time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Alternative Currency</U>&#148; means each of Canadian Dollars and each other currency (other
than Dollars) that is approved in accordance with <U>Section&nbsp;1.06</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Alternative Currency Equivalent</U>&#148; means, at any time, with respect to any amount
denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as
determined by the Administrative Agent or the Issuing Bank, as the case may be, at such time on the
basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase
of such Alternative Currency with Dollars.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Applicable Percentage</U>&#148; means, at any time, the percentage (carried out to the ninth
decimal place) of the Revolving Commitments represented by such Lender&#146;s Revolving Commitment at
such time; provided that, if the commitment of each Lender to make Advances and the obligation of
the Issuing Bank to make LC Credit Extensions have been terminated or if the Revolving Commitments
have expired, then the Applicable Percentage of each Lender shall be determined based on the
Applicable Percentage of such Lender most recently in effect, giving effect to any subsequent
assignments.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Applicable Lending Office</U>&#148; means (a)&nbsp;with respect to any Lender, the office, branch,
subsidiary, affiliate or correspondent bank of such Lender specified in its Administrative
Questionnaire or such other office, branch, subsidiary, affiliate or correspondent bank as such
Lender may from time to time specify to the Borrower and the Administrative Agent from time to time
and (b)&nbsp;with respect to the Administrative Agent, the address specified for such Person
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-2-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">on <U>Schedule&nbsp;10.02</U> or to such other address, facsimile number, electronic mail address
or telephone number as shall be designated by such party in a notice to the other parties.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Applicable Margin</U>&#148; means the following percentages per annum, based upon the Leverage
Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent
pursuant to <U>Section&nbsp;5.06(c)</U>:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Performance</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Pricing</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Letters of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Level</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Leverage Ratio</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Eurocurrency Rate</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Base Rate</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Credit</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD align="center"><DIV style="margin-left:15px; text-indent:-15px">4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="font-family: Symbol">&#179;</FONT>2.00:1</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">3.75%</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.75%</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">3.00%</TD>
</TR>
<TR valign="bottom">
    <TD align="center"><DIV style="margin-left:15px; text-indent:-15px">3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#060;2.00:1 but <FONT style="font-family: Symbol">&#179;</FONT>1.50:1</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">3.25%</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.25%</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.50%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD align="center"><DIV style="margin-left:15px; text-indent:-15px">2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#060;1.50:1 but <FONT style="font-family: Symbol">&#179;</FONT>1.00:1</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.75%</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">1.75%</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.00%</TD>
</TR>
<TR valign="bottom">
    <TD align="center"><DIV style="margin-left:15px; text-indent:-15px">1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#060;1.00:1</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.25%</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">1.25%</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">1.50%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Any increase or decrease in the Applicable Margin resulting from a change in the Leverage Ratio
shall become effective as of the first Business Day immediately following the date a Compliance
Certificate is delivered pursuant to <U>Section&nbsp;5.06(c)</U>; <U>provided</U>, <U>however</U>,
that if a Compliance Certificate is not delivered when due in accordance with such Section, then
Pricing Level 4 shall apply as of the first Business Day after the date on which such Compliance
Certificate was required to have been delivered. The Applicable Margin in effect from the Closing
Date through the first Business Day immediately following the date the Compliance Certificate for
fiscal year ending December&nbsp;31, 2007 is delivered pursuant to <U>Section&nbsp;5.06(c)</U> shall be
determined based upon Pricing Level 4. Notwithstanding anything to the contrary contained in this
definition, the determination of the Applicable Margin for any period shall be subject to the
provisions of <U>Section&nbsp;2.09(e)</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Applicable Time</U>&#148; means, with respect to any borrowings and payments in any
Alternative Currency, the local time in the place of settlement for such Alternative Currency as
may be determined by the Administrative Agent or the Issuing Bank, as the case may be, to be
necessary for timely settlement on the relevant date in accordance with normal banking procedures
in the place of payment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Approved Fund</U>&#148; means any Fund that is administered or managed by (a)&nbsp;a Lender, (b)&nbsp;an
Affiliate of a Lender, (c)&nbsp;an entity or an Affiliate of an entity that administers or manages a
Lender, or (d)&nbsp;an entity or an Affiliate of an entity that is the investment advisor to a Lender.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Arranger</U>&#148; means Calyon Securities LLC in its capacity as lead arranger and sole
bookrunner.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Asset Disposition</U>&#148; or &#147;<U>Dispose</U>&#148; means the disposition, whether by sale,
lease, license, transfer, loss, damage, destruction, condemnation or otherwise, of any or all of
the Property of the Parent or any of its Subsidiaries other than (a)&nbsp;any sale or issuance of Equity
Interests of any of the Parent&#146;s Subsidiaries to any Loan Party, (b)&nbsp;sales of inventory in the
ordinary course of business, (c)&nbsp;dispositions of assets which have become obsolete or, in the
Borrower&#146;s reasonable
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-3-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">judgment, no longer useful in the business of any Loan Party, and (d)&nbsp;dispositions of any
Governmental Fueling Facility.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Assignment and Acceptance</U>&#148; shall mean an assignment and assumption entered into by a
Lender and an Eligible Assignee and accepted by the Administrative Agent, in substantially the form
of <U>Exhibit&nbsp;A</U> or any other form approved by the Administrative Agent in its sole discretion.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Attributable Indebtedness</U>&#148; means, on any date, in respect of any Capital Lease of any
Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared
as of such date in accordance with GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Audited Financial Statements</U>&#148; means the audited consolidated balance sheet of the
Parent and its Subsidiaries as of December&nbsp;31, 2006 and 2005, together with the related
consolidated statements of operations, stockholders&#146; equity and comprehensive income (loss)&nbsp;and
cash flows for the years ended December&nbsp;31, 2006, 2005 and 2004 of the Parent and its Subsidiaries,
including the notes thereto, as filed with the SEC in the Parent&#146;s current report on Form 8-K filed
on October&nbsp;16, 2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Base Rate Advance</U>&#148; means an Advance that bears interest at a rate determined by
reference to the Adjusted Base Rate. All Base Rate Advances shall be denominated in Dollars.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Beneficial Owner</U>&#148; has the meaning assigned to such term in Rule&nbsp;13d-3 and Rule&nbsp;13d-5
under the Exchange Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Blocked Accounts</U>&#148; has the meaning set forth in <U>Section&nbsp;5.13(a)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Borrower</U>&#148; has the meaning specified in the introductory paragraph hereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Borrowing</U>&#148; means a Revolving Borrowing or a LC Borrowing, as the context may require.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Borrowing Date</U>&#148; means the date on which any Advance is made or any Letter of Credit
is issued hereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Business Day</U>&#148; means any day other than a Saturday, Sunday or other day on which
commercial banks are authorized to close under the laws of, or are in fact closed in, New York and,
if such day relates to any Eurocurrency Rate Advance, means any such day on which dealings in
Dollar deposits are conducted by and between banks in the London interbank eurodollar market;
provided that, if such day relates to any fundings, disbursements, settlements and payments in a
currency other than Dollars, or any other dealings in any currency other than Dollars to be carried
out pursuant to this Agreement, &#147;<U>Business Day</U>&#148; means any such day on which banks are open
for foreign exchange business in the principal financial center of the country of such currency.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Calyon</U>&#148; means Calyon New York Branch.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Canadian Dollars</U>&#148; and &#147;<U>C$</U>&#148; means the lawful money of Canada.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-4-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Canadian Holding Company</U>&#148; means any Foreign Subsidiary that owns, either directly or
indirectly, any Equity Interest in Willbros Canada Holdings Limited, or any successor entity
thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Capital Expenditures</U>&#148; means all expenditures of any Person in respect of the purchase
or other acquisition, construction or improvement of any fixed or capital assets that are required
to be capitalized under GAAP on a balance sheet as property, plant, equipment or other fixed assets
or intangibles; <U>provided</U>, <U>however</U> that Capital Expenditures shall in any event
exclude (a)&nbsp;normal replacements and maintenance which are properly charged to current operations,
(b)&nbsp;amounts expended with the proceeds of insurance to repair or replace fixed or capital assets
and (c)&nbsp;expenditures in connection with any Governmental Fueling Facility that have been reimbursed
directly or indirectly by the applicable Governmental Authority or financed by Debt permitted by
<U>Section&nbsp;6.02(j)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Capital Expenditure Ratio</U>&#148; means, as of the last day of each fiscal quarter, the
ratio of (a)&nbsp;Capital Expenditures made or incurred in the four fiscal quarter period then ended
(including Acquisitions) to (b)&nbsp;Consolidated EBITDA for the four fiscal quarters then ended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Capital Lease</U>&#148; of a Person means any lease of any Property by such Person as lessee
that would, in accordance with GAAP, be required to be classified and accounted for as a capital
lease on the balance sheet of such Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Cash Collateralize</U>&#148; means to pledge and deposit with or deliver to the Administrative
Agent, for the benefit of the Issuing Bank and the Lenders, as collateral for the Letter of Credit
Obligations, cash or deposit account balances pursuant to documentation in form and substance
satisfactory to the Administrative Agent and the Issuing Bank (which documents are hereby consented
to by the Lenders). Derivatives of such term have corresponding meanings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Cash Equivalents</U>&#148; means:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;investments in direct obligations of the United States of America or any agency thereof,
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;investments in certificates of deposit of maturities less than one year or less than two
years provided the investment may be converted into cash within three (3)&nbsp;Business Days without
unreasonable premium or penalty issued by, or time deposits with, Amegy Bank, N.A., Bank of Texas,
N.A., or commercial banks in the United States having capital and surplus in excess of
$500,000,000,
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;investments in commercial paper of maturities less than one year rated A1 or P1 (or
higher) by S&#038;P or Moody&#146;s, respectively, or any equivalent rating from any other rating agency
satisfactory to the Administrative Agent,
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;investments in securities purchased by the Parent under repurchase obligations pursuant to
which arrangements are made with selling financial institutions (being a financial institution with
a rating of A1 or P1 (or higher) by S&#038;P or Moody&#146;s, respectively) for such financial institutions
to repurchase such securities within 30&nbsp;days from the date of purchase by
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-5-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the Parent, and other similar short-term investments made in connection with the Parent&#146;s cash
management practices, and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;investments in institutional money market mutual funds that abide by the criteria set
forth by rule 2a-7 of the Investment Company Act of 1940, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Change in Law</U>&#148; means the occurrence, after the date of this Agreement, of any of the
following: (a)&nbsp;the adoption or taking effect of any law, rule, regulation or treaty, (b)&nbsp;any change
in any law, rule, regulation or treaty or in the administration, interpretation or application
thereof by any Governmental Authority or (c)&nbsp;the making or issuance of any request, guideline or
directive (whether or not having the force of law) by any Governmental Authority.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Change of Control</U>&#148; means the occurrence of any of the following events:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;other than as a result of the Restructuring Transaction effected pursuant to Section
6.03(b), the direct or indirect sale, transfer, conveyance or other disposition (other than by way
of merger or consolidation), in one or a series of related transactions, of all or substantially
all of the properties or assets of the Parent and its Subsidiaries taken as a whole to any &#147;person&#148;
(as that term is used in Section 13(d) of the Exchange Act, but excluding any employee benefit plan
of the Parent or any of its Subsidiaries, and any person or entity acting in its capacity as
trustee, agent or other fiduciary or administrator of any such plan) or related persons
constituting a &#147;group&#148; (as such term is used in Rule&nbsp;13d-5 under the Exchange Act);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;other than as a result of the Restructuring Transaction effected pursuant to Section
6.03(b), the consummation of any transaction (including any merger or consolidation) the result of
which is that any &#147;person&#148; (as defined above) or related persons constituting a &#147;group&#148; (as such
term is used in Rule&nbsp;13d-5 under the Exchange Act) becomes the Beneficial Owner, directly or
indirectly, of more than 40% of the Voting Stock of the Parent, measured by voting power rather
than number of shares;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;the first day on which a majority of the members of the Board of Directors of the Parent
are not Continuing Directors; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;other than as a result of the Restructuring Transaction effected pursuant to Section
6.03(b), the Parent consolidates with, or merges with or into, any Person, or any Person
consolidates with, or merges with or into, the Parent, in any such event pursuant to a transaction
in which any of the outstanding Voting Stock of the Parent or such other Person is converted into
or exchanged for cash, securities or other property, other than any such transaction where the
Voting Stock of the Parent outstanding immediately prior to such transaction is converted into or
exchanged for Voting Stock of the surviving or transferee Person constituting a majority of the
outstanding shares of such Voting Stock of such surviving or transferee Person (immediately after
giving effect to such issuance).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Class</U>&#148; has the meaning set forth in <U>Section&nbsp;1.04</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Closing Date</U>&#148; means November&nbsp;20, 2007.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-6-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Code</U>&#148; means the United States Internal Revenue Code of 1986, as amended, reformed or
otherwise modified from time to time, and any successor statute and all rules and regulations
promulgated thereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Collateral</U>&#148; means (a)&nbsp;all the &#147;Collateral&#148;, &#147;Property&#148;, and &#147;Premises&#148; and other
similar terms as defined in, or used in, any Security Document and (b)&nbsp;all other Property of any
Loan Party subject to any Security Document as collateral intended to be covered thereby.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Collateral Agent</U>&#148; means Calyon, in its capacity as collateral agent pursuant to this
Agreement, and any successor collateral agent appointed pursuant to <U>Section&nbsp;9.06</U> of this
Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Commitments</U>&#148; means the Revolving Commitments.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Compliance Certificate</U>&#148; means a Compliance Certificate signed by a Financial Officer
of the Parent in substantially the form of the attached <U>Exhibit&nbsp;C</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Confidential Information Memorandum</U>&#148; means the Confidential Information Memorandum
dated November, 2007 (together with all amendments and supplements thereto) and furnished to the
initial Lenders in connection with the syndication of the Advances made hereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Consolidated Debt</U>&#148; means, for any period, all Debt of the Parent and its
Subsidiaries, including, without limitation, all Advances under this Agreement, calculated on a
consolidated basis in accordance with GAAP for such period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Consolidated EBITDA</U>&#148; means, for any period, without duplication, the sum of the
following for the Parent and its Subsidiaries on a consolidated basis, each calculated for such
period:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Consolidated Net Income for such period of determination <U>minus</U> the results from
discontinued operations for such period (as determined in accordance with GAAP) <U>plus</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;to the extent deducted in determining Consolidated Net Income, Consolidated Interest
Expense, charges against income for foreign, federal, state, and local taxes, depreciation and
amortization expense, other non-cash charges (other than non-cash charges related to the SEC/DOJ
Investigation), extraordinary expenses or losses, amortization or write off of debt discount and
debt issuance costs and commissions, discounts and other fees and charges associated with letters
of credit or Debt, and any losses on sales of assets outside the ordinary course of business
<U>minus</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;extraordinary or non-recurring gains for such period <U>minus</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;any gain realized upon the sale or other disposition of any assets of the Parent or any of
its Subsidiaries for such period (other than in the ordinary course of business) <U>minus</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;the income of any Person (other than Wholly-Owned Subsidiaries of the Borrower) in which
the Parent or a Wholly-Owned Subsidiary of the Parent has an ownership
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-7-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">interest except to the extent (i)&nbsp;such income is received by the Parent or such Wholly-Owned
Subsidiary in a cash distribution during such period or (ii)&nbsp;there are no restrictions on receiving
dividends, payments or other distributions from such Person to the extent of the Parent&#146;s or its
Wholly-Owned Subsidiary&#146;s ownership interest, all as determined on a consolidated basis in
accordance with GAAP, <U>plus</U> the loss or <U>minus</U> the income
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;of any Person accrued prior to the date it becomes a Subsidiary of the Parent or is merged
into or consolidated with the Parent or any of its Subsidiaries, <U>minus</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;non-cash gains (other than gains resulting from derivatives to the extent the amount of
commodities hedged with such derivatives exceeds the Parent&#146;s and its Subsidiaries&#146; commodities
sold), losses or adjustments under FASB Statement 133 as a result of changes in the fair market
value of derivatives, <U>minus</U> the gains or <U>plus</U> the losses
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;from the sale of the Nigerian Operations and/or Nigerian assets, <U>minus</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;the interest income of the Parent and its Subsidiaries calculated on a consolidated basis
in accordance with GAAP for such period; <U>plus</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;to the extent deducted in determining Consolidated Net Income, non-cash charges in an
aggregate amount not to exceed $32,300,000 associated with the penalties and disgorgements sought
to be assessed pursuant to the SEC/DOJ Investigation
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;to the extent deducted in determining Consolidated Net Income, cash payments to holders of
the Convertible Senior Notes permitted under <U>clause (ii)(B)</U> hereof of the first sentence of
Section&nbsp;6.14 and incurred in fiscal year 2007; <U>minus</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;cash payments made during such period in respect of non-cash charges included in
determining Consolidated EBTIDA for any previous period;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>provided</U> that Consolidated EBITDA shall be subject to pro forma adjustments for
Acquisitions (including the InServ Acquisition) and Asset Dispositions assuming that such
transactions had occurred on the first day of the determination period, which adjustments shall be
made in accordance with the guidelines for pro forma presentations set forth by the SEC and
otherwise in accordance with GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Consolidated Interest Expense</U>&#148; means, for any period, the interest expense of the
Parent and its Subsidiaries (excluding amortization of deferred loan costs) calculated on a
consolidated basis in accordance with GAAP for such period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Consolidated Net Income</U>&#148; means, for any period, the net income of the Parent and its
Subsidiaries calculated on a consolidated basis for such period after taxes, as determined in
accordance with GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Continue</U>&#148;, &#147;<U>Continuation</U>&#148;, and &#147;<U>Continued</U>&#148; each refers to a
continuation of Advances for an additional Interest Period upon the expiration of the Interest
Period then in effect for such Advances.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-8-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Continuing Directors</U>&#148; means, as of any date of determination, any member of the Board
of Directors of the Parent who (a)&nbsp;was a member of such Board of Directors on the Closing Date or
(b)&nbsp;was nominated for election or elected to such Board of Directors with the approval of a
majority of the Continuing Directors who were members of such Board at the time of such nomination
or election.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Convert</U>&#148;, &#147;<U>Conversion</U>&#148;, and &#147;<U>Converted</U>&#148; each refers to a conversion
of Advances of one Type into Advances of another Type pursuant to <U>Section&nbsp;2.02(b)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Convertible Senior Notes</U>&#148; means (a)&nbsp;the $70,000,000 in original principal amount of
2.75% convertible senior notes due 2024 issued by the Parent pursuant to that certain Indenture
dated as of March&nbsp;12, 2004 by and between the Parent and JP Morgan Chase Bank, as trustee and (b)
the $84,500,000 in original principal amount of 6.5% convertible senior notes due 2012 issued by
the Parent pursuant to that certain Indenture dated as of December&nbsp;23, 2005 by and between the
Parent, the Borrower, as guarantor, and The Bank of New York, as trustee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Credit Extension</U>&#148; means each of the following: (a)&nbsp;a Borrowing and (b)&nbsp;an LC Credit
Extension.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Debt</U>&#148; means, for any Person, without duplication, all of the following, whether or
not included as indebtedness or liabilities in accordance with GAAP:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;all obligations of such Person for borrowed money and all obligations of such Person
evidenced by bonds, debentures, notes or other similar instruments;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;obligations of such Person to pay the deferred purchase price of property or services
(other than trade accounts payable in the ordinary course of business);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Capital Leases;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;all reimbursement obligations of such Person in respect of Financial Letters of Credit,
bankers&#146; acceptances, bank guarantees, surety bonds or similar instruments which are issued upon
the application of such Person or upon which such Person is an account party or for which such
Person is in any way liable;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;net obligations of such Person under any Swap Contract; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;indebtedness secured by a Lien on Property now or hereafter owned or acquired by such
Person (including indebtedness arising under conditional sales or other title retention
agreements), whether or not such indebtedness shall have been assumed by such Person or is limited
in recourse (provided, that if such Person has not assumed or otherwise become liable in respect of
such Debt, such Debt shall be deemed to be in an amount equal to the lesser of the amount of such
Debt and the fair market value of the Property encumbered by such Lien).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For all purposes hereof, the Debt of any Person shall include the Debt of any partnership or
joint venture (other than a joint venture that is itself a corporation or limited liability
company) in which such Person is a general partner or a joint venturer, unless such Debt is
expressly made non-recourse to such Person. The amount of any net obligation under any Swap
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-9-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date.
The amount of any Capital Lease as of any date shall be deemed to be the amount of Attributable
Indebtedness in respect thereof as of such date. Notwithstanding the foregoing, the obligations of
the Parent and its Subsidiaries to pay the unpaid balance of penalties and disgorgements owing
under the SEC/DOJ Settlement shall not constitute Debt.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Debtor Relief Laws</U>&#148; means the Bankruptcy Code of the United States, and all other
liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium,
rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the
United States or other applicable jurisdictions from time to time in effect and affecting the
rights of creditors generally.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Default</U>&#148; means (a)&nbsp;an Event of Default or (b)&nbsp;any event or condition which with
notice or lapse of time or both would, unless cured or waived, become an Event of Default.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Default Rate</U>&#148; means (a)&nbsp;when used with respect to Obligations other than Letter of
Credit Fees, an interest rate equal to (i)&nbsp;the Adjusted Base Rate <U>plus</U> (ii)&nbsp;the Applicable
Margin, if any, applicable to Base Rate Advances <U>plus</U> (iii)&nbsp;2% per annum; <U>provided</U>,
<U>however</U>, that with respect to a Eurocurrency Rate Advance, the Default Rate shall be an
interest rate equal to the interest rate (including any Applicable Margin) otherwise applicable to
such Advance plus 2% per annum, (b)&nbsp;when used with respect to Letter of Credit Fees, a rate equal
to the Applicable Margin <U>plus</U> 2% per annum.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Defaulting Lender</U>&#148; means any Lender that (a)&nbsp;has failed to fund any portion of the
Advances or participations in Letter of Credit Obligations required to be funded by it hereunder
within one Business Day of the date required to be funded by it hereunder unless such failure has
been cured, (b)&nbsp;has otherwise failed to pay over to the Administrative Agent or any other Lender
any other amount required to be paid by it hereunder within one Business Day of the date when due,
unless the subject of a good faith dispute or unless such failure has been cured, or (c)&nbsp;has been
deemed insolvent or become the subject of a bankruptcy or insolvency proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Documentary Letter of Credit</U>&#148; means a letter of credit qualifying as a &#147;commercial
letter of credit&#148; under 12 CFR Part&nbsp;3, Appendix&nbsp;A, Section&nbsp;3(b)(3) or any successor U.S.
Comptroller of the Currency regulation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Dollars</U>&#148; and &#147;<U>$</U>&#148; means the lawful money of the United States of America.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Dollar Equivalent</U>&#148; means, at any time, (a)&nbsp;with respect to any amount denominated in
Dollars, such amount, and (b)&nbsp;with respect to any amount denominated in any Alternative Currency,
the equivalent amount thereof in Dollars as determined by the Administrative Agent or the Issuing
Bank, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the
most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Domestic Subsidiary</U>&#148; means any Subsidiary that is organized or incorporated under the
laws of the United States, any State thereof or the District of Columbia.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-10-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Eligible Assignee</U>&#148; means (a)&nbsp;a Lender, (b)&nbsp;an Affiliate of a Lender, (c)&nbsp;an Approved
Fund, and (d)&nbsp;any other Person (other than a natural person) approved by the Administrative Agent
and the Issuing Bank in their sole discretion (such consent not to be unreasonably withheld or
delayed), and, so long as no Default exists, the Borrower, such approval not to be unreasonably
withheld or delayed; <U>provided</U> that notwithstanding the foregoing, &#147;Eligible Assignee&#148; shall
not include the Parent or any of the Parent&#146;s Affiliates or Subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Environmental Claim</U>&#148; means any allegation, notice of violation, action, lawsuit,
claim, demand, judgment, order or proceeding by any Governmental Authority or any Person for
liability or damage, including, without limitation, personal injury, property damage, contribution,
indemnity, direct or consequential damages, damage to the environment, nuisance, pollution, or
contamination, or for fines, penalties, fees, costs, expenses or restrictions arising under or
otherwise related to an obligation under Environmental Law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Environmental Law</U>&#148; means all former, current and future Federal, state, local and
foreign laws (including common law), treaties, regulations, rules, ordinances, codes, decrees,
judgments, directives, orders (including consent orders), and agreements in each case, relating to
protection of the environment, natural resources, human health and safety or the presence, Release
of, or exposure to, Hazardous Materials, or the generation, manufacture, processing, distribution,
use, treatment, storage, transport, recycling or handling of, or the arrangement for such
activities with respect to, Hazardous Materials.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Environmental Liability</U>&#148; shall mean all liabilities, obligations, damages, losses,
claims, actions, suits, judgments, orders, fines, penalties, fees, expenses and costs (including
administrative oversight costs, natural resource damages and remediation costs), whether contingent
or otherwise, arising out of or relating to (a)&nbsp;compliance or non-compliance with any Environmental
Law, (b)&nbsp;the generation, use, handling, transportation, storage, treatment or disposal of any
Hazardous Materials, (c)&nbsp;exposure to any Hazardous Materials, (d)&nbsp;the Release of any Hazardous
Materials or (e)&nbsp;any contract, agreement or other consensual arrangement pursuant to which
liability is assumed or imposed with respect to any of the foregoing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Environmental Permit</U>&#148; means any permit, license, order, approval or other
authorization under any Environmental Law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Equity Interests</U>&#148; shall mean shares of capital stock, partnership interests,
membership interests in a limited liability company, beneficial interests in a trust or other
equity interests in any person, or any obligations convertible into or exchangeable for, or giving
any person a right, option or warrant to acquire, such equity interests or such convertible or
exchangeable obligations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Equity Issuance</U>&#148; means any issuance of equity securities (including any preferred
equity securities) by the Parent or any of its Subsidiaries other than equity securities issued (a)
to the Parent or one of its Subsidiaries, and (b)&nbsp;pursuant to employee or director and officer
stock plans in the ordinary course of business or the exercise of options thereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Equity Issuance Proceeds</U>&#148; means, with respect to any Equity Issuance, all cash and
Cash Equivalents received by the Parent or any of its Subsidiaries from such Equity Issuance
after payment of, or provision for, all underwriting fees, brokerage commissions and other
reasonable out-of-pocket fees and expenses actually incurred.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-11-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Equity Offering</U>&#148; means the Equity Issuance by the Parent on or about the Closing Date
pursuant to a public offering of shares of its common stock, including any Equity Issuance within
30 calendar days after the Closing Date in respect of the exercise of the underwriters&#146;
over-allotment option.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>ERISA</U>&#148; means the Employee Retirement Income Security Act of 1974, as amended from
time-to-time, and any successor statute and all rules and regulations promulgated thereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>ERISA Affiliate</U>&#148; means any trade or business (whether or not incorporated) under
common control with the Borrower within the meaning of Section 414(b) or (c)&nbsp;of the Code (and
Sections 414(m) and (o)&nbsp;of the Code for purposes of provisions relating to Section&nbsp;412 of the
Code).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>ERISA Event</U>&#148; means (a)&nbsp;a Reportable Event with respect to a Pension Plan; (b)&nbsp;a
withdrawal by the Borrower or any ERISA Affiliate from a Pension Plan subject to Section&nbsp;4063 of
ERISA during a plan year in which it was a substantial employer (as defined in Section&nbsp;4001(a)(2)
of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e)
of ERISA; (c)&nbsp;a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a
Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d)&nbsp;the filing
of a notice of intent to terminate, the treatment of a Plan amendment as a termination under
Sections&nbsp;4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a
Pension Plan or Multiemployer Plan; (e)&nbsp;an event or condition which constitutes grounds under
Section&nbsp;4042 of ERISA for the termination of, or the appointment of a trustee to administer, any
Pension Plan or Multiemployer Plan; or (f)&nbsp;the imposition of any liability under Title IV of ERISA,
other than for PBGC premiums due but not delinquent under Section&nbsp;4007 of ERISA, upon the Borrower
or any ERISA Affiliate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Eurocurrency Liabilities</U>&#148; has the meaning assigned to that term in Regulation&nbsp;D.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Eurocurrency Rate Advance</U>&#148; means an Advance that bears interest based on the
Eurocurrency Rate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Eurocurrency Rate</U>&#148; means, with respect to a Eurocurrency Rate Advance for the
relevant Interest Period, the applicable British Bankers&#146; Association Interest Settlement Rate for
deposits in the relevant currency (for delivery on the first day of such Interest Period) appearing
on Page 3750 of the Dow Jones Markets Screen as of 11:00&nbsp;a.m. (London, England time) two Business
Days prior to the first day of such Interest Period, and having a maturity equal to such Interest
Period, <U>provided</U> that if the Dow Jones Markets Screen is not available to the
Administrative Agent for any reason, then the applicable Eurocurrency Rate for the relevant
Interest Period shall instead be the rate determined by the Administrative Agent to be the rate at
which Calyon or one of its Affiliate banks offers to place deposits in the relevant currency for
delivery on the first day of such Interest Period with first class banks in the London interbank
market at approximately 11:00&nbsp;a.m. (London time) two Business Days prior to the first day of
such Interest Period, in the approximate amount of Calyon&#146;s relevant Eurocurrency Rate Advance
and having a maturity equal to such Interest Period.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-12-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Eurocurrency Rate Reserve Percentage</U>&#148; of any Lender for the Interest Period for any
Eurocurrency Rate Advance means the reserve percentage applicable during such Interest Period (or
if more than one such percentage shall be so applicable, the daily average of such percentages for
those days in such Interest Period during which any such percentage shall be so applicable) under
regulations issued from time-to-time by the Federal Reserve Board for determining the maximum
reserve requirement (including, without limitation, any emergency, supplemental or other marginal
reserve requirement) for such Lender with respect to liabilities or assets consisting of or
including Eurocurrency Liabilities having a term equal to such Interest Period. The Eurocurrency
Rate Reserve Percentage shall be adjusted automatically on and as of the effective date of any
change in any reserve percentage.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Event of Loss</U>&#148; means, with respect to any Property, any of the following: (a)&nbsp;any
loss, destruction or damage of such Property or (b)&nbsp;any actual condemnation, seizure or taking, by
exercise of the power of eminent domain or otherwise, of such Property, or confiscation of such
Property or the requisition of the use of such Property, in each case of assets having a book value
of $2,500,000 or more, either individually or in the aggregate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Events of Default</U>&#148; has the meaning set forth in <U>Section&nbsp;7.01</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Excepted Liens</U>&#148; means:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Liens for taxes, assessments or governmental charges or levies on its Property if the same
shall not at the time be delinquent or thereafter can be paid without penalty, or are being
contested in good faith and by appropriate proceedings diligently conducted and for which adequate
reserves in accordance with and to the extent required by GAAP shall have been set aside on its
books;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Liens imposed by law, or arising by operation of law, including, without limitation,
carriers&#146;, warehousemen&#146;s, landlord&#146;s, mechanics&#146;, materialmen&#146;s, and other similar liens arising
in the ordinary course of business which secure payment of obligations not more than 30&nbsp;days past
due or which are being contested in good faith by appropriate proceedings diligently conducted and
for which adequate reserves shall have been set aside on the books of the applicable Person;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Liens incurred and pledges or deposits made in the ordinary course of business in
connection with worker&#146;s compensation, unemployment insurance or other social security or
retirement benefits, or similar legislation, other than any Lien imposed by ERISA;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;deposits to secure the performance of bids and leases (other than Debt), statutory
obligations, surety bonds (other than bonds related to judgments or litigation), performance bonds
and other obligations of a like nature incurred in the ordinary course of business;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;easements, rights-of-way, restrictions and other similar encumbrances affecting real
property which, in the aggregate, are not substantial in amount, and which do not in any case
materially detract from the value of the property subject thereto or materially interfere with
the ordinary conduct of the business of the applicable Person; and
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-13-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Liens arising out of judgments or awards in respect of which the Parent or any of the
Subsidiaries shall in good faith be prosecuting an appeal or proceedings for review in respect of
which there shall be secured a subsisting stay of execution pending such appeal or proceedings;
<I>provided </I>that the aggregate amount of all such judgments or awards (and any cash and the fair
market value of any property subject to such Liens) does not exceed $5,000,000 at any time
outstanding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Excluded Property</U>&#148; means:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;any Property to the extent (but only to the extent) that (i)&nbsp;such Property constitutes a
Governmental Fueling Facility, (ii)&nbsp;the terms of such Property forbid or make void or unenforceable
any grant of a security interest in such Property unless pursuant to applicable Legal Requirements
such terms are unenforceable or the Collateral Agent has received all consents necessary to enable
the Collateral Agent to obtain an Acceptable Security Interest in such Property, (iii)&nbsp;the
assignment of, or the grant of a security interest in, such Property is prohibited by any
applicable Legal Requirement, <U>provided</U>, <U>however</U>, that clause (ii)&nbsp;and (iii)&nbsp;shall
only apply until (A)&nbsp;either of the prohibitions discussed in clause (ii)&nbsp;and (iii)&nbsp;above is
ineffective or subsequently rendered ineffective under the UCC or any other Legal Requirement or is
otherwise no longer in effect or (B)&nbsp;the applicable Loan Party has obtained the consent of parties
applicable to such Excluded Property necessary for the creation of a lien and security in, such
Excluded Property; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;from and after the consummation of the Restructuring Transaction and compliance with the
conditions set forth in Section&nbsp;6.03(b), (i)&nbsp;as to each Loan Party, the Equity Interests such Loan
Party owns in any Foreign Subsidiary other than 65% of the Equity Interests owned by the Parent in
its first-tier Foreign Subsidiaries, and (ii)&nbsp;any assets owned by any Foreign Subsidiary;
<U>provided</U>, <U>however</U>, that this clause (b)&nbsp;shall only apply if the pledge by a Loan
Party of the assets excluded under this clause (b)&nbsp;could have a material adverse tax consequence
for any Loan Party (as reasonably determined by the Parent);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>provided, that</U>, in any event, the proceeds received by any Loan Party from the sale,
transfer or other disposition of Excluded Property shall constitute Collateral unless any assets or
property constituting such proceeds are themselves subject to the exclusions set forth in clauses
(a)&nbsp;or (b)&nbsp;above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Excluded Taxes</U>&#148; means, with respect to the Administrative Agent, any Lender, the
Issuing Bank, or any other recipient of any payment to be made by or on account of any obligation
of any Loan Party hereunder, (a)&nbsp;taxes imposed on or measured by its overall net income (however
denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction
(or any political subdivision thereof) under the laws of which such recipient is organized or in
which its principal office is located or, in the case of any Lender, in which its applicable
lending office is located, (b)&nbsp;any branch profits taxes imposed by the United States of America or
any similar tax imposed by any other jurisdiction in which any Loan Party is located and (c)&nbsp;in the
case of a Foreign Lender, any withholding tax that is imposed on amounts payable
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-14-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">to such Foreign Lender at the time such Foreign Lender becomes a party hereto (or designates a
new lending office) or is attributable to such Foreign Lender&#146;s failure or inability (other than as
a result of a Change in Law) to comply with <U>Section&nbsp;2.13(e)</U>, except to the extent that such
Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new lending
office (or assignment), to receive additional amounts from any Loan Party with respect to such
withholding tax pursuant to <U>Section&nbsp;2.13(a)</U>. Notwithstanding anything to the contrary
contained in this definition, &#147;Excluded Taxes&#148; shall not include any withholding tax imposed at any
time on payments made by or on behalf of a Foreign Obligor to any Lender hereunder or under any
other Loan Document, <U>provided</U> that such Lender shall have complied with the last paragraph
of <U>Section&nbsp;2.13(e)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Existing Credit Facility</U>&#148; means the Credit Agreement dated as of October&nbsp;27, 2006
among the Parent, certain subsidiaries of the Parent party thereto, Calyon, as administrative
agent, collateral agent, issuing bank, deposit bank and revolving loan lender, as in effect on the
date hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Existing Letters of Credit</U>&#148; means the letters of credit issued by Calyon and set
forth on the attached <U>Schedule&nbsp;1.01(a)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Federal Funds Effective Rate</U>&#148; means, for any day, a fluctuating interest rate per
annum equal to the weighted average of the rates on overnight Federal funds transactions with
members of the Federal Reserve System arranged by Federal funds brokers on such day, as published
for such day (or, if such day is not a Business Day, for the immediately preceding Business Day) by
the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a
Business Day, the average of the quotations at approximately 10:00&nbsp;a.m. (New York time) on such day
on such transactions received by the Administrative Agent from three Federal funds brokers of
recognized standing selected by it.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Federal Reserve Board</U>&#148; means the Board of Governors of the Federal Reserve System or
any of its successors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Fee Letters</U>&#148; means (a)&nbsp;the mandate letter agreement dated as of October&nbsp;30, 2007
among the Borrower, Calyon and Calyon Securities LLC, and (b)&nbsp;the fee letter agreement dated as of
October&nbsp;30, 2007 among the Borrower, Calyon, Calyon Securities LLC, UBS Loan Finance LLC, Natixis,
Credit Suisse, and Credit Suisse Securities (USA)&nbsp;LLC.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Financial and Documentary LC Exposure</U>&#148; means, at any time, the sum of (a)&nbsp;the
aggregate undrawn maximum face amount of all Financial Letters of Credit and Documentary Letters of
Credit and at such time and (b)&nbsp;the aggregate unpaid amount of all Reimbursement Obligations owing
with respect to all Financial Letters of Credit and Documentary Letters of Credit at such time.
For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired
by its terms but any amount may still be drawn thereunder by reason of the operation of Rule&nbsp;3.14
of the ISP, such Letter of Credit shall be deemed to be &#147;outstanding&#148; in the amount so remaining
available to be drawn.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-15-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Financial Letter of Credit</U>&#148; means a letter of credit qualifying as a &#147;financial
standby letter of credit&#148; under 12 CFR Part&nbsp;3, Appendix&nbsp;A, Section&nbsp;4(a)(8)(i) or any successor U.S.
Comptroller of the Currency regulation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Financial Officer</U>&#148; for any Person means the chief financial officer, treasurer or
senior financial officer of such Person, as applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Fixed Charge Coverage Ratio</U>&#148; means, as of the last day of each fiscal quarter, the
ratio of (a)&nbsp;Consolidated EBITDA for the four fiscal quarters then ended to (ii)&nbsp;Fixed Charges for
the four fiscal quarters then ended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Fixed Charges</U>&#148; means, for any period, the Consolidated Interest Expense (including,
without limitation, the interest expense with respect to Capital Leases and the Convertible Senior
Notes) calculated on a consolidated basis in accordance with GAAP for such period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Foreign Lender</U>&#148; means any Lender that is organized under the laws of a jurisdiction
other than that in which the Borrower is resident for tax purposes. For purposes of this
definition, the United States of America, each State thereof and the District of Columbia shall be
deemed to constitute a single jurisdiction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Foreign Subsidiary</U>&#148; means any Subsidiary that is not a Domestic Subsidiary.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Fund</U>&#148; means any Person (other than a natural person) that is (or will be) engaged in
making, purchasing, holding or otherwise investing in commercial loans and similar extensions of
credit in the ordinary course of its business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>GAAP</U>&#148; means United States generally accepted accounting principles applied on a
consistent basis.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Governmental Authority</U>&#148; means the government of the United States of America or any
other nation, or of any political subdivision thereof, whether state or local, and any agency,
authority, instrumentality, regulatory body, court, central bank, or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government (including any supra-national bodies such as the European Union or the
European Central Bank).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Governmental Fueling Facility</U>&#148; means any contract or agreement with a Governmental
Authority for the construction and/or operation and maintenance of certain fuel storage and
dispensing facilities to be owned by and located on land of the Governmental Authority.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Governmental Proceedings</U>&#148; means any action or proceedings by or before any
Governmental Authority, including, without limitation, the promulgation, enactment or entry of any
Legal Requirement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Guarantors</U>&#148; means (a)&nbsp;the Parent and each of the Parent&#146;s Subsidiaries listed on
<U>Schedule&nbsp;1.01(b)</U> and (b)&nbsp;any other Person that becomes a guarantor of all or a portion of
the Obligations.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-16-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Guarantee</U>&#148; means, as to any Person, (a)&nbsp;any obligation, contingent or otherwise, of
such Person guaranteeing or having the economic effect of guaranteeing any Debt or other obligation
payable or performable by another Person (the &#147;<U>primary obligor</U>&#148;) in any manner, whether
directly or indirectly, and including any obligation of such Person, direct or indirect, (i)&nbsp;to
purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or other
obligation or to purchase (or to advance or supply funds for the purchase of) any security for the
payment of such Debt or other obligation, (ii)&nbsp;to purchase or lease property, securities or
services for the purpose of assuring the owner of such Debt or other obligation of the payment or
performance of such Debt or other obligation, (iii)&nbsp;to maintain working capital, equity capital or
any other financial statement condition or liquidity or level of income or cash flow of the primary
obligor so as to enable the primary obligor to pay such Debt or other obligation, or (iv)&nbsp;entered
into for the purpose of assuring in any other manner the owner of such Debt or other obligation of
the payment or performance thereof or to protect such owner against loss in respect thereof (in
whole or in part), or (b)&nbsp;any Lien on any assets of such Person securing any Debt or other
obligation of any other Person, whether or not such Debt or other obligation is assumed by such
Person; <U>provided</U>, <U>however</U>, that the term &#147;Guarantee&#148; shall not include endorsements
for collection or deposit in the ordinary course of business. The amount of any Guarantee shall be
deemed to be an amount equal to the stated or determinable amount of the related primary
obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or
determinable, the maximum reasonably anticipated liability in respect thereof as determined by the
guaranteeing Person in good faith. The term &#147;Guarantee&#148; as a verb has a corresponding meaning.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Hazardous Material</U>&#148; means (a)&nbsp;any petroleum products or byproducts and all other
hydrocarbons, coal ash, radon gas, asbestos, urea formaldehyde foam insulation, polychlorinated
biphenyls, chlorofluorocarbons and all other ozone-depleting substances and (b)&nbsp;any chemical,
material, substance or waste that is prohibited, limited or regulated by or pursuant to any
Environmental Law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Indemnified Taxes</U>&#148; means any Taxes other than Excluded Taxes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>InServ</U>&#148; means Integrated Service Company LLC, an Oklahoma limited liability company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>InServ Acquisition</U>&#148; means the acquisition by the Borrower of all outstanding Equity
Interests of InServ.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>InServ Closing Date</U>&#148; means the date on which the InServ Acquisition is closed and
funded.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>InServ Parties</U>&#148; means InServ, its Subsidiaries and each equity holder of InServ.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>InServ Purchase Agreement</U>&#148; means that certain Share Purchase Agreement dated October
31, 2007 among the Borrower, the Parent, InServ and the equity holders thereof, as such agreement
is in effect on the date hereof in connection with InServ Acquisition.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>InServ Purchase Instruments</U>&#148; means, collectively, the InServ Purchase Agreement, and
all other documents, instruments, and agreements executed and delivered by the sellers and other
parties named in the InServ Purchase Agreement, the Borrower, the Parent or any Guarantor in
connection with the InServ Purchase Agreement and the InServ Acquisition.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-17-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Intangible Assets</U>&#148; means assets that are considered to be intangible assets under
GAAP, including customer lists, goodwill, internally developed computer software, copyrights, trade
names, trademarks, patents, franchises, licenses, unamortized deferred charges, unamortized debt
discount, capitalized research and development costs, including unsecured intercompany payables
owing from unconsolidated Affiliates.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Interest Period</U>&#148; means, for each Eurocurrency Rate Advance comprising part of a
Borrowing, the period commencing on the date of such Eurocurrency Rate Advance or the date of the
Conversion of any existing Base Rate Advance into such Eurocurrency Rate Advance and ending on the
last day of the period selected by the Borrower pursuant to the provisions below and
<U>Section&nbsp;2.02(b)</U> and, thereafter, each subsequent period commencing on the last day of the
immediately preceding Interest Period and ending on the last day of the period selected by the
Borrower pursuant to the provisions below and <U>Section&nbsp;2.02(b)</U>. The duration of each such
Interest Period shall be one, two, three, or six months, in each case as the Borrower may select;
<U>provided</U>, <U>however</U>, that:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Interest Periods commencing on the same date for Advances by each Lender comprising part
of the same Borrowing shall be of the same duration;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;whenever the last day of any Interest Period would otherwise occur on a day other than a
Business Day, the last day of such Interest Period shall be extended to occur on the next
succeeding Business Day, provided that if such extension would cause the last day of such Interest
Period to occur in the next following calendar month, the last day of such Interest Period shall
occur on the next preceding Business Day;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;any Interest Period which begins on the last Business Day of a calendar month (or on a day
for which there is no numerically corresponding day in the calendar month at the end of such
Interest Period) shall end on the last Business Day of the calendar month in which it would have
ended if there were a numerically corresponding day in such calendar month;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;the Borrower may not select any Interest Period for any Advance which ends after the
applicable Maturity Date;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;at the Administrative Agent&#146;s sole discretion, the Borrower may not select any Interest
Period for any Eurocurrency Rate Advance longer than one month until the satisfactory completion of
the syndication of this Agreement by the Arranger; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;until the satisfactory completion of the syndication of this Agreement by the Arranger,
the Borrower may select an Interest Period shorter than one month if agreed to by the
Administrative Agent and the Lenders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Interim Financial Statements</U>&#148; means the unaudited condensed consolidated balance
sheet of the Parent and its Subsidiaries as of September&nbsp;30, 2007, and December&nbsp;31, 2006, together
with the related condensed consolidated statements of operations, stockholders&#146; equity
and comprehensive income (loss)&nbsp;and cash flows, including the notes thereto, of the Parent and
its Subsidiaries
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-18-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Investment</U>&#148; of any Person means any investment of such Person so classified under
GAAP, and whether or not so classified, any loan, advance (other than intercompany transactions,
prepayments or deposits in each case made in the ordinary course of business) or extension of
credit that constitutes Debt of the Person to whom it is extended or contribution of capital by
such Person; and any stocks, bonds, mutual funds, partnership interests, notes (including
structured notes), debentures or other securities owned by such Person (but excluding capital
expenditures of such Person determined in accordance with GAAP).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>ISP</U>&#148; means, with respect to any Letter of Credit, the &#147;International Standby
Practices 1998&#148; published by the Institute of International Banking Law &#038; Practice, Inc. (or such
later version thereof as may be in effect at the time of issuance).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Issuance Event</U>&#148; has the meaning set forth in <U>Section&nbsp;2.03(a)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Issuing Bank</U>&#148; means Calyon and any successor Issuing Bank pursuant to <U>Section
9.06</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>LC Advance</U>&#148; means, with respect to each Lender, such Lender&#146;s funding of its
participation in any LC Borrowing in accordance with its Applicable Percentage.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>LC Availability Termination Date</U>&#148; means the earliest of (a)&nbsp;the 91<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> day
prior to the scheduled Maturity Date, (b)&nbsp;the Acceleration Date, and (c)&nbsp;the earlier termination in
whole of the Revolving Commitments pursuant to <U>Section&nbsp;2.05(a).</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>LC Borrowing</U>&#148; means an extension of credit resulting from a drawing under any Letter
of Credit which has not been reimbursed on the date when made or refinanced as a Revolving
Borrowing. All LC Borrowings shall be denominated in Dollars.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>LC Cash Collateral Account</U>&#148; means special interest bearing cash collateral accounts
pledged by the Borrower to the Collateral Agent for the ratable benefit of the Secured Parties
containing cash deposited pursuant to <U>Section&nbsp;7.07</U>, Section&nbsp;2.03(g) or any other provision
hereunder, to be maintained at the Collateral Agent&#146;s office in accordance with <U>Section
7.07</U> and bear interest or be invested in the Collateral Agent&#146;s reasonable discretion.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>LC Credit Extension</U>&#148; means, with respect to any Letter of Credit, the issuance
thereof or extension of the expiry date thereof, or the increase of the amount thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>LC Disbursement</U>&#148; means a payment or disbursement made by the Issuing Bank pursuant to
a Letter of Credit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Legal Requirements</U>&#148; means, collectively, all international, foreign, Federal, state
and local laws, statutes, treaties, rules, guidelines, regulations, ordinances, codes and
administrative or judicial precedents or authorities, including the interpretation or
administration thereof by any Governmental Authority charged with the enforcement, interpretation
or administration thereof, and all applicable administrative orders, directed duties, requests,
licenses, authorizations and
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-19-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">permits of, and agreements with, any Governmental Authority, in each case whether or not
having the force of law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Lenders</U>&#148; means the lenders listed on the signature pages of this Agreement and any
other person that has become a party hereto pursuant to an Assignment and Acceptance (other than
any such person that has ceased to be a party hereto pursuant to an Assignment and Acceptance) or
any lender otherwise having a Commitment, or if such Commitments have been terminated, lenders that
are owed Revolving Advances or that hold a participation in any Letter of Credit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Letter of Credit</U>&#148; means any Performance Letter of Credit, Financial Letter of Credit
or Documentary Letter of Credit issued hereunder. Each Existing Letter of Credit, as of the
Closing Date, shall be a Letter of Credit deemed to have been issued pursuant to the Commitments
and shall constitute a portion of the Letter of Credit Exposure. Letters of Credit may be issued
in Dollars or in an Alternative Currency
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Letter of Credit Application</U>&#148; means (a)&nbsp;a request for issuance of a Letter of Credit
in substantially the form of the attached <U>Exhibit&nbsp;D</U> and (b)&nbsp;an application and agreement
for the issuance or amendment of a Letter of Credit in the form from time to time in use by the
Issuing Bank.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Letter of Credit Documents</U>&#148; means, with respect to any Letter of Credit, such Letter
of Credit, the related Letter of Credit Application and any agreements, documents, and instruments
entered into in connection with or relating to such Letter of Credit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Letter of Credit Exposure</U>&#148; means, at any time, the sum of (a)&nbsp;the aggregate undrawn
maximum face amount of each Letter of Credit at such time and (b)&nbsp;the aggregate unpaid amount of
all Reimbursement Obligations owing with respect to each Letter of Credit at such time. For all
purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its
terms but any amount may still be drawn thereunder by reason of the operation of Rule&nbsp;3.14 of the
ISP, such Letter of Credit shall be deemed to be &#147;outstanding&#148; in the amount so remaining available
to be drawn.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Letter of Credit Obligations</U>&#148; means any obligations of the Borrower under this
Agreement in connection with the Letters of Credit, including the Reimbursement Obligations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Letter of Credit Request</U>&#148; means a request to issue, increase the stated amount of or
extend the expiration of any Letter of Credit, substantially in the form of <U>Exhibit&nbsp;D</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Leverage Ratio</U>&#148; means, as of the last day of each fiscal quarter, the ratio of (a)
Consolidated Debt as of such day to (b)&nbsp;Consolidated EBITDA for the four fiscal quarter period then
ended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Lien</U>&#148; shall mean, with respect to any asset, (a)&nbsp;any mortgage, deed of trust, lien
(statutory or other), pledge, assignment, preference, deposit arrangement, encumbrance, charge,
security interest, priority or other security or preferential arrangement of any kind or nature
whatsoever, whether voluntary or involuntary in or on such asset, (b)&nbsp;the interest of a vendor or a
lessor under any conditional sale agreement, capital lease or title retention agreement (or any
financing lease having substantially the same economic effect as any of the foregoing)
relating to such asset and (c)&nbsp;in the case of securities, any purchase option, call or similar
right of a third party with respect to such securities.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-20-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Liquidity</U>&#148; means, as of any date of determination, (a)&nbsp;the amount that the Borrower
is entitled to borrow as Revolving Advances hereunder (after giving effect to all then outstanding
Revolving Advances hereunder) <U>plus</U> (b)&nbsp;the amount of unrestricted cash and Cash Equivalents
of the Parent and its Subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Loan Documents</U>&#148; means this Agreement, any Notes issued pursuant to <U>Section
2.04</U>, the Letter of Credit Documents, the Security Documents, the Fee Letters and each other
agreement, instrument or document executed by any Loan Party or any of their respective officers at
any time in connection with this Agreement, all as amended, restated, supplemented or modified from
time to time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Loan Party</U>&#148; means the Borrower and each Guarantor.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Majority Lenders</U>&#148; means, as of the date of determination, (a)&nbsp;before the Commitments
terminate or expire, Lenders holding more than 51% of the aggregate Commitments, and (b)&nbsp;after the
termination or expiration of the Commitments, Lenders holding more than 51% of the aggregate unpaid
principal amount of the Advances and participation interests in the Letter of Credit Exposure at
such time; <U>provided</U> that the Commitments, Advances and participation interests of each
Defaulting Lender shall be excluded for purposes of making a determination of Majority Lenders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Material Adverse Effect</U>&#148; means a material adverse effect upon (a)&nbsp;the business,
results of operations, prospects, Properties or condition (financial or otherwise) of the Parent
and its Subsidiaries (including, after the InServ Closing Date, InServ and its Subsidiaries) taken
as a whole, (b)&nbsp;the ability of any Loan Party to perform its obligations under any Loan Document to
which it is a party or (c)&nbsp;the validity or enforceability against any Loan Party of any of the Loan
Documents or the rights or remedies of the Administrative Agent or the Lenders thereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Material Subsidiary</U>&#148; means any Wholly-Owned Subsidiary of the Parent that has a net
book value of assets that constitutes at least $5,000,000 or for which the aggregate Investments in
such Subsidiary by a Loan Party aggregate at least $5,000,000 or more; <U>provided</U> that if the
aggregate book value of assets of, or Investments in, Subsidiaries that are not Guarantors exceeds
$25,000,000, each Subsidiary of the Parent shall be a Material Subsidiary, regardless of its
individual net book value of assets, such Subsidiary shall be required to be a Guarantor and
subject to the requirements of Section&nbsp;5.12 to the extent necessary to cause the aggregate book
value of assets of, or Investments in, Subsidiaries that are not Guarantors to be equal to or less
than $25,000,000; <U>provided</U> further that, notwithstanding the foregoing, from and after the
consummation of the Restructuring Transaction, no Foreign Subsidiary shall be required to be a
Guarantor unless otherwise required under Section&nbsp;5.12.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Maturity Date</U>&#148; means the earlier of (a)&nbsp; November&nbsp;20, 2010 and (b)&nbsp;the Acceleration
Date.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-21-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Maximum Rate</U>&#148; means the maximum nonusurious interest rate under applicable Legal
Requirements (determined under such laws after giving effect to any items which are required by
such laws to be construed as interest in making such determination, including without limitation if
required by such laws, certain fees and other costs).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Moody&#146;s</U>&#148; means Moody&#146;s Investors Service, Inc. and any successor thereto that is a
national credit rating organization.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Mortgaged Property</U>&#148; means all real properties owned by the Loan Parties. The
Mortgaged Properties on the Closing Date are set forth on <U>Schedule&nbsp;1.01(c)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Mortgages</U>&#148; means one or more mortgages the Mortgaged Properties and any other
Property to secure the Obligations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Multiemployer Plan</U>&#148; means any employee benefit plan of the type described in
Section&nbsp;4001(a)(3) of ERISA, to which the Parent or any ERISA Affiliate makes or is obligated to
make contributions, or during the preceding five plan years, has made or been obligated to make
contributions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Net Debt Proceeds</U>&#148; means, in respect of any issuance of Debt not otherwise permitted
under <U>Section&nbsp;6.02</U>, cash proceeds received in connection therewith, net of underwriting
discounts and commissions and out-of-pocket costs and expenses and disbursements paid or incurred
in connection therewith in favor of any Person not an Affiliate of Parent or any other Loan Party.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Net Proceeds</U>&#148; means proceeds in cash, checks or other cash equivalent financial
instruments (including Cash Equivalents) as and when received by the Person making an Asset
Disposition and insurance proceeds received on account of an Event of Loss, net of: (a)&nbsp;in the
event of an Asset Disposition (i)&nbsp;the direct costs relating to such Asset Disposition excluding
amounts payable to any Loan Party or any Affiliate of a Loan Party, (ii)&nbsp;sale, use or other
transaction taxes incurred as a result thereof, and (iii)&nbsp;amounts required to be applied to repay
principal, interest and prepayment premiums and penalties on Debt (other than the Advances) secured
by a Lien on the Property which is the subject of such Asset Disposition, (iv)&nbsp;any amounts required
to be deposited into escrow in connection with the closing of such Asset Disposition (until any
such amounts are released therefrom to the Parent or any of its Subsidiaries), (v)&nbsp;the amount of
any reserve for adjustment in respect of the sale price of such asset or assets as determined in
accordance with GAAP, (vi)&nbsp;appropriate amounts to be provided by the Parent or any of its
Subsidiaries as a reserve against any liabilities associated with such Asset Disposition, as
determined in accordance with GAAP, and (vii)&nbsp;all distributions and other payments required to be
made to minority interest holders in Subsidiaries or joint ventures as a result of such Asset
Disposition, so long as any such distribution or other payment is made on a pro rata basis to the
interest of such minority interest holder in such Subsidiary or joint venture and (b)&nbsp;in the event
of an Event of Loss, (i)&nbsp;all money actually applied or to be applied to repair or reconstruct the
damaged Property or Property affected by the condemnation or taking, (ii)&nbsp;all of the costs and
expenses incurred in connection with the collection of such proceeds, award or other payments, and
(iii)&nbsp;any amounts retained by or paid to parties having superior rights to such proceeds, awards or
other payments.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-22-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Net Worth</U>&#148; means, as of any date of determination, for the Parent and its
Subsidiaries on a consolidated basis, Stockholders&#146; Equity of the Parent and its Subsidiaries on
that date (including the Intangible Assets of the Parent and its Subsidiaries on that date);
<U>provided</U> that, any net income from the Nigerian Operations (or any gain from the sale of
the Nigerian Operations and/or assets) shall be deducted in determining Net Worth and any net loss
from the Nigerian Operations (or any loss from the sale of the Nigerian Operations and/or assets)
shall be added in determining Net Worth.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>New U.S. Parent</U>&#148; means the newly-formed Delaware corporation and new public parent of
the Loan Parties as a result of the Restructuring Transaction pursuant to Section&nbsp;6.03(b).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Nigerian Operations</U>&#148; means the operations of the Parent or any Affiliate thereof in
any part of Nigeria that were discontinued prior to the date hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>North American Subsidiary</U>&#148; means (i)&nbsp;a Domestic Subsidiary or (ii)&nbsp;a Subsidiary that
is organized or incorporated under the laws of Canada or a province thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Note</U>&#148; means a promissory note made by the Borrower in favor of a Lender in an amount
equal to such Lender&#146;s Commitment and substantially in the form of <U>Exhibit&nbsp;E</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Notice of Borrowing</U>&#148; means a notice of conversion or continuation in the form of the
attached <U>Exhibit&nbsp;F</U> signed by a Responsible Officer of the Borrower.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Notice of Conversion or Continuation</U>&#148; means a notice of conversion or continuation in
the form of the attached <U>Exhibit&nbsp;G</U> signed by a Responsible Officer of the Borrower.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Obligations</U>&#148; means all advances to, and debts, liabilities, obligations, covenants
and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any
Advance, Letter of Credit or any Swap Contract to which a Lender or its Affiliate is a party,
whether direct or indirect (including those acquired by assumption), absolute or contingent, due or
to become due, now existing or hereafter arising and including interest and fees that accrue after
the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any
Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such
interest and fees are allowed claims in such proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Off-Balance Sheet Liability</U>&#148; of a Person means (a)&nbsp;any repurchase obligation or
liability of such Person with respect to accounts or notes receivable sold by such Person, (b)
Synthetic Lease Obligations, or (c)&nbsp;any obligation arising with respect to any other transaction
which is the functional equivalent of or takes the place of borrowing but which does not constitute
a liability on the balance sheets of such Person, other than any lease that constitutes an
Operating Lease.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Operating Lease</U>&#148; of a Person means any lease of Property (other than a Capital Lease)
by such Person as lessee which has an original term (including any required renewals and any
renewals effective at the option of the lessor) of one year or more.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Organization Documents</U>&#148; means, (a)&nbsp;with respect to any corporation, the certificate
or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents
with respect to any non-U.S. jurisdiction); (b)&nbsp;with respect to any limited liability company, the
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-23-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">certificate or articles of formation or organization and operating agreement; and (c)&nbsp;with
respect to any partnership, joint venture, trust or other form of business entity, the partnership,
joint venture or other applicable agreement of formation or organization and any agreement,
instrument, filing or notice with respect thereto filed in connection with its formation or
organization with the applicable Governmental Authority in the jurisdiction of its formation or
organization and, if applicable, any certificate or articles of formation or organization of such
entity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Other Taxes</U>&#148; means all present or future stamp or documentary taxes or any other
excise or property taxes, charges or similar levies arising from any payment made hereunder or
under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with
respect to, this Agreement or any other Loan Document.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Overnight Rate</U>&#148; means, for any day, (a)&nbsp;with respect to any amount denominated in
Dollars, the greater of (i)&nbsp;the Federal Funds Effective Rate and (ii)&nbsp;an overnight rate determined
by the Administrative Agent or the Issuing Bank, as the case may be, in accordance with banking
industry rules on interbank compensation, and (b)&nbsp;with respect to any amount denominated in an
Alternative Currency, the rate of interest per annum at which overnight deposits in the applicable
Alternative Currency, in an amount approximately equal to the amount with respect to which such
rate is being determined, would be offered for such day by a branch or Affiliate of Calyon in the
applicable offshore interbank market for such currency to major banks in such interbank
market.<SUP style="font-size: 85%; vertical-align: text-top"> </SUP>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Parent</U>&#148; means Willbros Group, Inc., a Panamanian corporation; <U><I>provided</I></U>,
<I>however</I>, that from and after the consummation of the Restructuring Transaction and compliance with
the conditions set forth in Section&nbsp;6.03(b), &#147;Parent&#148; shall mean the New U.S. Parent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Participant</U>&#148; has the meaning specified in <U>Section&nbsp;10.06(d)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>PBGC</U>&#148; means the Pension Benefit Guaranty Corporation or any entity succeeding to any
or all of its functions under ERISA.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Performance Letter of Credit</U>&#148; means a letter of credit qualifying as a
&#147;performance-based standby letter of credit&#148; under 12 CFR Part&nbsp;3, Appendix&nbsp;A, Section&nbsp;3(b)(2)(i) or
any successor U.S. Comptroller of the Currency regulation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Permitted Liens</U>&#148; has the meaning set forth in <U>Section&nbsp;6.01</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Permitted Securitization</U>&#148; means, as for any Person, any transfer by such Person of
accounts receivable or interests therein which is owed by an account debtor that is not organized
or domiciled in a jurisdiction of the United States (collectively, &#147;<U>Receivables</U>&#148;) and all
collateral securing such Receivables, all contracts and contract rights that are guarantees or
other obligations in respect of such Receivables, all lockbox accounts, collection accounts and
other assets that are customarily granted in connection with asset securitization transactions
involving Receivables and all proceeds of any of the foregoing (collectively, the &#147;<U>Related
Security</U>&#148;) directly to one or more investors or other purchasers (other than the Borrower, any
other Loan
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-24-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Party or any Subsidiary or Affiliate thereof), in any case involving a principal amount not in
excess of 3.00% of the invoice amount of such Receivable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Person</U>&#148; means and includes natural persons, corporations, limited partnerships,
general partnerships, limited liability companies, limited liability partnerships, joint stock
companies, joint ventures, associations, companies, trusts, banks, trust companies, land trusts,
business trusts or other organizations, whether or not legal entities, and governments and agencies
and political subdivisions thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Pension Plan</U>&#148; means any &#147;employee pension benefit plan&#148; (as such term is defined in
Section&nbsp;3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and
is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Parent or any
ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple
employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time
during the immediately preceding five plan years.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Plan</U>&#148; means any Pension Plan or Multiemployer Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Platform</U>&#148; has the meaning specified in <U>Section&nbsp;5.06</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Pledge Agreement</U>&#148; means the Pledge Agreement in substantially the form of <U>Exhibit
H</U> among one or more of the Loan Parties and the Collateral Agent for the benefit of the Secured
Parties.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Prime Rate</U>&#148; means a fluctuating rate of interest per annum as shall be in effect from
time-to-time equal to the prime rate of interest publicly announced by the Administrative Agent
from time to time as its prime rate in effect at its principal office in New York City, whether or
not the Borrower has notice thereof, when and as said prime rate changes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Projections</U>&#148; means the Parent&#146;s forecasted consolidated and consolidating: (a)
balance sheets; (b)&nbsp;profit and loss statements; (c)&nbsp;cash flow statements; and (d)&nbsp;capitalization
statements, for fiscal years 2007, 2008, 2009, and 2010 together with appropriate supporting
details and a statement of underlying assumptions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Property</U>&#148; of any Person means any interest of such Person in any property or asset
(whether real, personal or mixed, tangible or intangible).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Public Lender</U>&#148; has the meaning specified in <U>Section&nbsp;5.06</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Qualified Investment</U>&#148; means expenditures incurred to acquire or repair assets owned
(or to be owned) by a Loan Party of the same type as those subject to such Reinvestment Event or
equipment or real property owned (or to be owned) by and useful in the business of a Loan Party.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Register</U>&#148; has the meaning specified in <U>Section&nbsp;10.06(c)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Regulations T, U, X and D</U>&#148; means Regulations T, U, X, and D of the Federal Reserve
Board, as the same is from time-to-time in effect, and all official rulings and interpretations
thereunder or thereof.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-25-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Reimbursement Obligations</U>&#148; means all of the obligations of the Borrower to reimburse
the Issuing Bank for amounts paid by the Issuing Bank under Letters of Credit as established by the
Letter of Credit Applications and <U>Section&nbsp;2.03</U>, including the obligation to pay LC
Advances.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Reinvestment Deferred Amount</U>&#148; means (a)&nbsp;with respect to an Event of Loss, the
aggregate Net Proceeds received by the Parent or any Subsidiary in connection with such Event of
Loss that are duly specified in a Reinvestment Notice as not being required to be initially applied
to prepay the Advances pursuant to <U>Section&nbsp;2.08(c)(iii)</U> as a result of the delivery of such
Reinvestment Notice, and (b)&nbsp;with respect to an Asset Disposition, the aggregate Net Proceeds in
connection with such Asset Disposition in excess of $5,000,000 received by the Parent or any
Subsidiary since the Closing Date that are duly specified in a Reinvestment Notice as not being
required to be initially applied to prepay the Advances pursuant to <U>Section&nbsp;2.08(c)(iii)</U> as
a result of the delivery of such Reinvestment Notice.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Reinvestment Event</U>&#148; means any Asset Disposition or Event of Loss in respect of which
the Borrower has delivered a Reinvestment Notice.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Reinvestment Notice</U>&#148; means a written notice executed by the Borrower stating that no
Default or Event of Default has occurred and is continuing and stating that the Borrower intends
and expects to use all or a specified portion of the Net Proceeds of a Reinvestment Event specified
in such notice to make a Qualified Investment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Reinvestment Prepayment Amount</U>&#148; means with respect to any Reinvestment Event, the
Reinvestment Deferred Amount relating thereto less the portion, if any, thereof expended prior to
the relevant Reinvestment Prepayment Date to make a Qualified Investment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Reinvestment Prepayment Date</U>&#148; means the earlier of (a)&nbsp;the date occurring 90&nbsp;days
after such Reinvestment Event or such longer period (but not to exceed in any event 180&nbsp;days)
provided that the Parent or its affected Subsidiary is working diligently to acquire or repair
assets owned (or to be owned) (provided that the aggregate Net Proceeds have been deposited into a
Blocked Account) and (b)&nbsp;the date on which Borrower shall have determined not to, or shall have
otherwise ceased to, make a Qualified Investment with all or any portion of the relevant
Reinvestment Deferred Amount.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Related Parties</U>&#148; means, with respect to any Person, such Person&#146;s Affiliates and the
partners, directors, officers, employees, agents and advisors of such Person and of such Person&#146;s
Affiliates.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Release</U>&#148; means any release, spill, emission, leaking, dumping, injection, pouring,
deposit, disposal, discharge, dispersal, leaching or migration into or through the environment or
within or upon any building, structure, facility or fixture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Reportable Event</U>&#148; means any of the events set forth in Section 4043(c) of ERISA.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Responsible Officer</U>&#148; means (a)&nbsp;with respect to any Person that is a corporation, such
Person&#146;s Chief Executive Officer, President, Chief Financial Officer, or Vice President, (b)&nbsp;with
respect to any Person that is a limited liability company, if such Person has officers, then such
Person&#146;s Chief Executive Officer, President, Chief Financial Officer, or Vice President, and if
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-26-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">such Person is managed by members, then a Responsible Officer of such Person&#146;s managing
member, and if such Person is managed by managers, then a manager (if such manager is an
individual) or a Responsible Officer of such manager (if such manager is an entity), and (c)&nbsp;with
respect to any Person that is a general partnership, limited partnership or a limited liability
partnership, a Responsible Officer of such Person&#146;s general partner or partners.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Restricted Payment</U>&#148; means: (a)&nbsp;the declaration or making by the Parent or any
Subsidiary of any dividend or other distribution (whether in cash, securities or other property)
with respect to any Equity Interest of such Person; (b)&nbsp;any payment (whether in cash, securities or
other property), including any sinking fund or similar deposit, on account of the purchase,
redemption, retirement, acquisition, cancellation or termination of any Equity Interests in the
Parent or any Subsidiary or any option, warrant or other right to acquire any such Equity Interests
in the Parent or any Subsidiary; (c)&nbsp;any payment or prepayment (scheduled or otherwise) of
principal of, premium, if any, or interest on, any Subordinated Debt, or the issuance of a notice
of an intention to do any of the foregoing of the Parent or any Subsidiary; and (d)&nbsp;any management
fee, consulting fee, advisory fee, investment banking or transaction fee or commission, bonus,
salary, or similar remuneration paid or payable, or any loans, advances or similar investments
made, to any Affiliate of the Parent or any payment to any such Affiliate with respect to any
allocation of overhead costs and expenses, excluding salaries, bonuses and commissions payable to
officers, directors and employees and directors&#146; fees and executive compensation and benefits, in
each case, payable in the ordinary course of business consistent with past practice.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Restructuring Transaction</U>&#148; means the restructuring and reorganization of the Parent
and its Subsidiaries which results from (a)&nbsp;the contribution by the Parent of all direct and
indirect interests in the Equity Interests of the Borrower and certain other assets to a newly
formed Delaware corporation (which will become the New U.S. Parent after the merger described
below), (b)&nbsp;the merger of a newly formed subsidiary of the New U.S. Parent with and into the
Parent, with the Parent as the surviving entity, and (c)&nbsp;the New U.S. Parent becoming the new
public parent, with the Borrower and Willbros Group, Inc. (the Panamanian corporation) as its
Wholly-Owned Subsidiaries; provided that such restructuring and reorganization is conditioned on
the receipt of a private letter ruling from the Internal Revenue Service to the effect that the
Restructuring Transaction will qualify as a tax-free exchange and a tax-free reorganization under
the Code and may only be effected with the approval of the stockholders of the Parent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Revaluation Date</U>&#148; means each of the following: (a)&nbsp;the Revolving Effective Date, and
(b)&nbsp;so long as any outstanding Credit Extension is denominated in a Foreign Currency, (i)&nbsp;the last
Business Day of each calendar month, (ii)&nbsp;the date of any proposed Credit Extension, including each
Issuance Event, if the Administrative Agent or Issuing Bank shall determine or the Majority Lenders
shall require, (iii)&nbsp;the date of any reduction or increase of Commitments under this Agreement,
(iv)&nbsp;each date of any payment by the Issuing Bank under any Letter of Credit denominated in an
Alternative Currency, and (v)&nbsp;such additional dates as the Administrative Agent shall determine or
the Majority Lenders shall require.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Revolving Advance</U>&#148; has the meaning specified in <U>Section&nbsp;2.01</U>.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->-27-<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Revolving Availability Period</U>&#148; means the period from and including the Revolving
Effective Date to the earliest of (a)&nbsp;the Maturity Date, (b)&nbsp;the date of termination of the
Commitments in whole pursuant to <U>Section&nbsp;2.05(a)</U>, and (c)&nbsp;the date of termination of the
commitment of each Lender to make Advances and of the obligation of the Issuing Bank to make LC
Credit Extensions pursuant to <U>Section&nbsp;7.02</U> or <U>Section&nbsp;7.03</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Revolving Borrowing</U>&#148; means a borrowing consisting of simultaneous Revolving Advances
of the same Type, in the same currency and, in the case of Eurocurrency Rate Advances, having the
same Interest Period made by each of the Lenders pursuant to <U>Section&nbsp;2.01</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Revolving Commitment</U>&#148; means, as to each Lender, its obligation to (a)&nbsp;make Advances
to the Borrower pursuant to <U>Section&nbsp;2.01</U>, and (b)&nbsp;purchase participations in Letter of
Credit Obligations, in an aggregate principal amount at any one time outstanding not to exceed the
Dollar amount set forth opposite such Lender&#146;s name on Schedule&nbsp;2.01 as its Revolving Commitment or
in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as
applicable, as such amount may be adjusted from time to time in accordance with this Agreement.
The initial aggregate amount of Revolving Commitments as of the date hereof is $150,000,000.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Revolving Effective Date</U>&#148; means the date on which the conditions precedent set forth
in <U>Section&nbsp;3.01</U> shall have been satisfied, which date shall not be later than November&nbsp;30,
2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Revolving Outstanding Amount</U>&#148; means, as of any date of determination, the sum of (a)
the aggregate outstanding amount of all Revolving Advances <U>plus</U> (b)&nbsp;the Dollar Equivalent
of the Letter of Credit Exposure.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Revolving Sublimit</U>&#148; means, as to each Lender, an amount equal to one-third (1/3) of
its Revolving Commitment. On the date hereof, the aggregate Revolving Sublimit is equal to
$50,000,000.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Same Day Funds</U>&#148; means (a)&nbsp;with respect to disbursements and payments in Dollars,
immediately available funds, and (b)&nbsp;with respect to disbursements and payments in an Alternative
Currency, same day or other funds as may be determined by the Administrative Agent or the Issuing
Bank, as the case may be, to be customary in the place of disbursement or payment for the
settlement of international banking transactions in the relevant Alternative Currency.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>S&#038;P</U>&#148; means Standard &#038; Poor&#146;s Rating Agency Group, a division of Mc-Graw Hill
Companies, Inc., or any successor thereto that is a national credit rating organization.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Sale and Leaseback Transaction</U>&#148; means a transaction or series of transactions
pursuant to which the Parent or any Subsidiary shall sell or transfer to any Person (other than the
Parent or a Subsidiary) any Property, whether now owned or hereafter acquired, and, as part of the
same transaction or series of transactions, the Parent or such Subsidiary shall rent or lease as
lessee (other than pursuant to a capital lease), or similarly acquire the right to possession or
use of, such Property.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-28-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>SEC</U>&#148; means the Securities and Exchange Commission, and any successor entity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>SEC/DOJ Investigation</U>&#148; means the investigation and related charges brought by the SEC
and the U.S. Department of Justice against the Parent and its Subsidiaries in connection with the
alleged violations of the Foreign Corrupt Practices Act, the Securities Act of 1933, as amended,
and the Securities Exchange Act of 1934, as amended, resulting from operations in Bolivia, Ecuador
and Nigeria.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>SEC/DOJ Settlement</U>&#148; means the entry of final judgments or decrees by a United States
District Court in the aggregate amount of $32,300,000 in settlement of the charges by the SEC and
the U.S. Department of Justice in connection with the SEC/DOJ Investigation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Secured Parties</U>&#148; means the Administrative Agent, the Collateral Agent, the Lenders,
the Issuing Bank, the Swap Counterparties and the beneficiaries of each indemnification obligation
undertaken by any Loan Party under any Loan Document.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Security Agreement</U>&#148; means the Security Agreement in substantially the form of
<U>Exhibit&nbsp;I</U> among one or more of the Loan Parties and the Collateral Agent for the benefit of
the Secured Parties, and each other document, instrument or agreement executed by any Loan Party in
connection therewith in order to comply with the Legal Requirements of any jurisdiction other than
the United States of America or any state thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Security Documents</U>&#148; means the Security Agreement, the Pledge Agreement, the Mortgages
and each other document, instrument or agreement executed in connection therewith or otherwise
executed in order to secure all or a portion of the Obligations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Solvent</U>&#148; means, as to any Person, on the date of any determination (a)&nbsp;the fair value
of the Property of such Person is greater than the total amount of debts and other liabilities
(including contingent liabilities) of such Person, (b)&nbsp;the present fair salable value of the assets
of such Person is not less than the amount that will be required to pay the probable liability of
such Person on its debts and other liabilities (including contingent liabilities) as they become
absolute and matured, (c)&nbsp;such Person is able to realize upon its assets and pay its debts and
other liabilities (including contingent liabilities) as they mature in the normal course of
business, (d)&nbsp;such Person does not intend to, and does not believe that it will, incur debts or
liabilities (including contingent liabilities) beyond such Person&#146;s ability to pay as such debts
and liabilities mature, (e)&nbsp;such Person is not engaged in, and is not about to engage in, business
or a transaction for which such Person&#146;s Property would constitute unreasonably small capital, and
(f)&nbsp;such Person has not transferred, concealed or removed any Property with intent to hinder, delay
or defraud any creditor of such Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Spot Rate</U>&#148; for a currency means the rate determined by the Administrative Agent or
the Issuing Bank, as applicable, to be the rate quoted by the Person acting in such capacity as the
spot rate for the purchase by such Person of such currency with another currency through its
principal foreign exchange trading office at approximately 11:00&nbsp;a.m. (New York time) on the date
two Business Days prior to the date as of which the foreign exchange computation is made;
<U>provided</U> that the Administrative Agent or the Issuing Bank may obtain such spot rate from
another financial institution designated by the Administrative Agent or the Issuing Bank if the
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-29-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Person acting in such capacity does not have as of the date of determination a spot buying
rate for any such currency; and <U>provided</U> <U>further</U> that the Issuing Bank may use such
spot rate quoted on the date as of which the foreign exchange computation is made in the case of
any Letter of Credit denominated in an Alternative Currency.<SUP style="font-size: 85%; vertical-align: text-top"> </SUP>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stockholders&#146; Equity</U>&#148; means, as of any date of determination, consolidated
stockholders&#146; equity of the Parent and its Subsidiaries as of that date determined in accordance
with GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Subordinated Debt</U>&#148; means any Debt of the Parent or any of its Subsidiaries which is
subordinated to their respective obligations under the Loan Documents in a manner satisfactory to
the Administrative Agent and the Majority Lenders and which is otherwise on terms and conditions
satisfactory to the Administrative Agent and the Majority Lenders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Subsidiary</U>&#148; of a Person means any corporation, association, partnership or other
business entity of which more than 50% of the outstanding Equity Interests having by the terms
thereof ordinary voting power under ordinary circumstances to elect a majority of the board of
directors or Persons performing similar functions (or, if there are no such directors or Persons,
having general voting power) of such entity (irrespective of whether at the time Equity Interests
of any other class or classes of such entity shall or might have voting power upon the occurrence
of any contingency) is at the time directly or indirectly owned or controlled by such Person, by
such Person and one or more Subsidiaries of such Person or by one or more Subsidiaries of such
Person. Unless otherwise indicated herein, each reference to the term &#147;Subsidiary&#148; shall mean a
Subsidiary of the Parent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Swap Contract</U>&#148; means (a)&nbsp;any and all rate swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward
commodity contracts, equity or equity index swaps or options, bond or bond price or bond index
swaps or options or forward bond or forward bond price or forward bond index transactions, interest
rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar
transactions, currency swap transactions, cross-currency rate swap transactions, currency options,
spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is
governed by or subject to any master agreement, and (b)&nbsp;any and all transactions of any kind, and
the related confirmations, which are subject to the terms and conditions of, or governed by, any
form of master agreement published by the International Swaps and Derivatives Association, Inc.,
any International Foreign Exchange Master Agreement, or any other master agreement (any such master
agreement, together with any related schedules, a &#147;<U>Master Agreement</U>&#148;), including any such
obligations or liabilities under any Master Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Swap Counterparty</U>&#148; means any Lender or any Affiliate thereof that is party to a Swap
Contract with the Parent or one of its Subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Swap Termination Value</U>&#148; means, in respect of any one or more Swap Contracts, after
taking into account the effect of any legally enforceable netting agreement relating to such Swap
Contracts, (a)&nbsp;for any date on or after the date such Swap Contracts have been closed out and
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-30-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">termination value(s) determined in accordance therewith, such termination value(s), and (b)
for any date prior to the date referenced in clause (a), the amount(s) determined as the
mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or
other readily available quotations provided by any recognized dealer in such Swap Contracts (which
may include a Lender or any Affiliate of a Lender).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Synthetic Lease Obligation</U>&#148; means the monetary obligation of a Person under (a)&nbsp;a
so-called synthetic, off-balance sheet or tax retention lease, or (b)&nbsp;an agreement for the use or
possession of Property creating obligations that do not appear on the balance sheet of such Person
but which, upon the insolvency or bankruptcy of such Person, would be characterized as the
indebtedness of such Person (without regard to accounting treatment).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Tangible Net Worth</U>&#148; means, as of any date of determination, for the Parent and its
Subsidiaries on a consolidated basis, Stockholders&#146; Equity of the Parent and its Subsidiaries on
that date minus the Intangible Assets of the Parent and its Subsidiaries on that date;
<U>provided</U> that, any net income from the Nigerian Operations (or any gain from the sale of
the Nigerian Operations and/or assets) shall be deducted in determining Tangible Net Worth and any
net loss from the Nigerian Operations (or any loss from the sale of the Nigerian Operations and/or
assets) shall be added in determining Tangible Net Worth.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Taxes</U>&#148; means all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges imposed by any Governmental Authority, including
any interest, additions to tax or penalties applicable thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Type</U>&#148; has the meaning set forth in <U>Section&nbsp;1.04</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>UCC</U>&#148; means the Uniform Commercial Code as in effect on the date hereof in the State
of New York, as amended from time to time, and any successor statute. To the extent perfection of
the Collateral Agent&#146;s security interest in any Collateral is governed by the laws of another
jurisdiction, &#147;UCC&#148; means (as the context requires) the Uniform Commercial Code as in effect in the
applicable jurisdiction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Unfunded Pension Liability</U>&#148; means the excess of a Pension Plan&#146;s benefit liabilities
under Section&nbsp;4001(a)(16) of ERISA, over the current value of that Pension Plan&#146;s assets,
determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section
412 of the Code for the applicable plan year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Voting Stock&#148;</U> means, with respect to any Person, Equity Interests of such Person of
any class or classes, the holders of which are ordinarily, in the absence of contingencies,
entitled to vote for the election of members of the Board of Directors (or Persons performing
similar functions) of such Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Wholly-Owned Subsidiary</U>&#148; of any Person shall mean a subsidiary of such Person of
which Equity Interests representing 100% of the Equity Interests are, at the time any determination
is being made, owned, controlled or held by such Person or one or more Wholly-Owned Subsidiaries of
such Person or by such Person and one or more Wholly-Owned Subsidiaries of such Person.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-31-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.02 <U>Computation of Time Periods</U>. In this Agreement in the computation of
periods of time from a specified date to a later specified date, the word &#147;from&#148; means &#147;from and
including&#148; and the words &#147;to&#148; and &#147;until&#148; each means &#147;to but excluding&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.03 <U>Accounting Terms</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;For purposes of this Agreement, all accounting terms not otherwise defined herein shall be
construed in conformity with, and all financial data (including financial ratios and other
financial calculations) required to be submitted pursuant to this Agreement shall be prepared in
conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a
manner consistent with that used in preparing the Audited Financial Statements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;If at any time any Accounting Change (as defined below) would affect the computation of
any financial ratio or requirement set forth in any Loan Document, and either the Parent or the
Majority Lenders shall so request, the Administrative Agent, the Lenders and the Parent shall
negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof
in light of such change in GAAP (subject to the approval of the Majority Lenders); <U>provided</U>
that, until so amended, (i)&nbsp;such ratio or requirement shall continue to be computed in accordance
with GAAP prior to such change therein and (ii)&nbsp;the Parent shall provide to the Administrative
Agent and the Lenders financial statements and other documents required under this Agreement or as
reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or
requirement made before and after giving effect to such change in GAAP. &#147;<U>Accounting
Changes</U>&#148; means: (A)&nbsp;changes in accounting principles required by GAAP and implemented by the
Borrower; (B)&nbsp;changes in accounting principles recommended by the Parent&#146;s accountants; and (C)
changes in carrying value of the Parent&#146;s or any of its Subsidiaries&#146; assets, liabilities or equity
accounts resulting from any adjustments that, in each case, were applicable to, but not included
in, the Audited Financial Statements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;In addition, all calculations and defined accounting terms used herein shall, unless
expressly provided otherwise, when referring to any Person, refer to such Person on a consolidated
basis and mean such Person and its consolidated subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.04 <U>Classes and Types of Advances</U>. Advances are distinguished by &#147;Class&#148; and
&#147;Type&#148;. The &#147;Class&#148; of an Advance refers to the determination of whether such Advance is a LC
Advance or a Revolving Advance, each of which constitutes a Class. The &#147;Type&#148; of an Advance refers
to the determination whether such Advance is a Eurocurrency Rate Advance or a Base Rate Advance,
each of which constitutes a Type.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.05 <U>Exchange Rates; Currency Equivalents</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Administrative Agent or the Issuing Bank, as applicable, shall determine the Spot
Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit
Extensions and amount of the Revolving Outstanding Amount denominated in Alternative Currencies.
Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates
employed in converting any amounts between the applicable currencies until the next Revaluation
Date to occur. Except for purposes of financial statements delivered by Loan Parties hereunder or
calculating financial covenants hereunder or except as otherwise provided
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-32-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan
Documents shall be such Dollar Equivalent amount as so determined by the Administrative Agent or
the Issuing Bank, as applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Wherever in this Agreement in connection with the issuance, amendment or extension of a
Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed in
Dollars, but such Letter of Credit is denominated in an Alternative Currency, such amount shall be
the relevant Alternative Currency Equivalent of such Dollar amount (rounded to the nearest whole
unit of such Alternative Currency, with 0.5 or more of a unit being rounded upward), as determined
by the Administrative Agent or the Issuing Bank, as the case may be.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.06 <U>Additional Alternative Currencies</U>. The Borrower may from time to time
request that Letters of Credit be issued in a currency other than those specifically listed in the
definition of &#147;Alternative Currency;&#148; provided that such requested currency is a lawful currency
(other than Dollars) that is readily available and freely transferable and convertible into
Dollars; provided that, such request shall be subject to the approval of the Administrative Agent
and the Issuing Bank. Any such request shall be made to the Administrative Agent not later than
11:00&nbsp;a.m. (New York time), 20 Business Days prior to the date of the desired Credit Extension (or
such other time or date as may be agreed by the Administrative Agent and the Issuing Bank in their
sole discretion). The Administrative Agent shall promptly notify the Issuing Bank thereof. The
Issuing Bank shall notify the Administrative Agent, not later than 11:00&nbsp;a.m. (New York time), ten
Business Days after receipt of such request whether it consents, in its sole discretion, to the
issuance of Letters of Credit in such requested currency. Any failure by the Issuing Bank to
respond to such request within the time period specified in the preceding sentence shall be deemed
to be a refusal by the Issuing Bank to permit Letters of Credit to be issued in such requested
currency. If the Administrative Agent and the Issuing Bank consent to the issuance of Letters of
Credit in such requested currency, the Administrative Agent shall so notify the Borrower and such
currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for
purposes of any Letter of Credit issuances. If the Administrative Agent shall fail to obtain
consent to any request for an additional currency under this <U>Section&nbsp;1.06</U>, the
Administrative Agent shall promptly so notify the Borrower. Any specified currency of an Existing
Letter of Credit that is neither Dollars nor one of the Alternative Currencies specifically listed
in the definition of &#147;Alternative Currency&#148; shall be deemed an Alternative Currency with respect to
such Existing Letter of Credit only.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.07 <U>Change of Currency</U>. Each provision of this Agreement also shall be
subject to such reasonable changes of construction as the Administrative Agent may from time to
time specify to be appropriate to reflect a change in currency of any other country and any
relevant market conventions or practices relating to the change in currency.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.08 <U>Miscellaneous</U>. Any terms used in this Agreement that are defined in
Article&nbsp;9 of the Uniform Commercial Code as adopted in the State of New York (&#147;<U>UCC</U>&#148;) shall
have the meanings assigned to those terms by the UCC as of the date of this Agreement. The
definitions of terms herein shall apply equally to the singular and plural forms of the terms
defined. Whenever the context may require, any pronoun shall include the corresponding masculine,
feminine and neuter forms. The words &#147;include,&#148; &#147;includes&#148; and &#147;including&#148; shall be deemed to be
followed by the phrase &#147;without limitation.&#148; The word &#147;will&#148; shall be construed to
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-33-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">have the same meaning and effect as the word &#147;shall.&#148; Unless the context requires otherwise
(a)&nbsp;any definition of or reference to any agreement, instrument or other document herein shall be
construed as referring to such agreement, instrument or other document as from time to time
amended, supplemented or otherwise modified (subject to any restrictions on such amendments,
supplements or modifications set forth herein), (b)&nbsp;any reference herein to any Person shall be
construed to include such Person&#146;s successors and assigns, (c)&nbsp;the words &#147;herein,&#148; &#147;hereof&#148; and
&#147;hereunder,&#148; and words of similar import, shall be construed to refer to this Agreement in its
entirety and not to any particular provision hereof, (d)&nbsp;all references herein to Articles,
Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and
Exhibits and Schedules to, this Agreement, (e)&nbsp;any reference to any law or regulation herein shall,
unless otherwise specified, refer to such law or regulation as amended, modified or supplemented
from time to time and (f)&nbsp;the words &#147;asset&#148; and &#147;property&#148; shall be construed to have the same
meaning and effect and to refer to any and all tangible and intangible assets and properties,
including cash, securities, accounts and contract rights.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE II</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>LETTERS OF CREDIT AND ADVANCES</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.01 <U>Commitments for Revolving Advances</U>. Subject to the terms and conditions
set forth herein, each Lender severally agrees to make advances (each such advance, a
&#147;<U>Revolving</U> <U>Advance</U>&#148;) to the Borrower in Dollars from time to time, on any Business
Day during the Revolving Availability Period, in an aggregate amount not to exceed, at any time,
the lesser of (i)&nbsp;such Lender&#146;s Revolving Commitment and (ii)&nbsp;such Lender&#146;s Applicable Percentage
of the Revolving Sublimit; <U>provided, however</U>, that after giving effect to any Revolving
Borrowing, (A)&nbsp;the Revolving Outstanding Amount shall not exceed the aggregate Revolving
Commitments, (B)&nbsp;the aggregate outstanding amount of the Revolving Advances of any Lender
<U>plus</U> such Lender&#146;s Applicable Percentage of the Letter of Credit Exposure, shall not exceed
such Lender&#146;s Commitment, and (C)&nbsp;the aggregate outstanding amount of the Revolving Advances
<U>plus</U> the aggregate Financial and Documentary LC Exposure shall not exceed the Revolving
Sublimit. Within the limits of each Lender&#146;s Revolving Commitment and Revolving Sublimit, and
subject to the other terms and conditions hereof, the Borrower may borrow under this <U>Section
2.01</U>, prepay under <U>Section&nbsp;2.08</U>, and reborrow under this <U>Section&nbsp;2.01</U>.
Revolving Advances may be Base Rate Advances or Eurocurrency Rate Advances, as further provided
herein, but in any event, such Advances must be denominated in Dollars.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.02 <U>Borrowings, Conversions and Continuations of Revolving Advances</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Notice</U>. Each Borrowing shall be made pursuant to a Notice of Borrowing and given
(i)&nbsp;by the Borrower to the Administrative Agent not later than 11:00&nbsp;a.m. (New York time) on the
third Business Day before the date of the proposed Borrowing in the case of Eurocurrency Rate
Advances, and (ii)&nbsp;by the Borrower to the Administrative Agent not later than 11:00&nbsp;a.m. (New York
time) on the same Business Day of the proposed Borrowing in the case of Base Rate Advances. The
Administrative Agent shall give each applicable Lender prompt notice on the day of receipt of
timely Notice of Borrowing of such proposed Borrowing by facsimile. Each Notice of Borrowing shall
be by facsimile or telephone confirmed promptly in writing or by electronic communication (e-mail)
receipt of which is confirmed by the Administrative Agent by
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-34-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">facsimile or telephone, in any event, specifying the (A)&nbsp;requested date of such Borrowing
(which shall be a Business Day), (B)&nbsp;requested Type and Class of Advances comprising such
Borrowing, and (C)&nbsp;aggregate amount of such Borrowing, (D)&nbsp;if such Borrowing is to be comprised of
Eurocurrency Rate Advances, the Interest Period for such Advances. In the case of a proposed
Borrowing comprised of Eurocurrency Rate Advances, the Administrative Agent shall promptly notify
each applicable Lender of the applicable interest rate under <U>Section&nbsp;2.09</U>, as applicable.
Each Lender shall before 2:00 p.m. (New York time) on the date of the proposed Borrowing, make
available for the account of its Applicable Lending Office to the Administrative Agent at its
address referred to in <U>Section&nbsp;10.02</U> or such other location as the Administrative Agent may
specify by notice to the applicable Lenders, in Same Day Funds, such Lender&#146;s Applicable Percentage
of such Borrowing. Upon satisfaction of the applicable conditions set forth in <U>Section
3.02</U> (and, if such Borrowing is the initial Credit Extension, <U>Section&nbsp;3.01</U>), the
Administrative Agent shall make all funds so received available to the Borrower in like funds as
received by the Administrative Agent by wire transfer of such funds in accordance with instructions
provided to (and reasonably acceptable to) the Administrative Agent by the Borrower;
<U>provided</U>, <U>however</U>, that if, on the date the Notice of Borrowing with respect to
such Borrowing is given by the Borrower, there are LC Borrowings outstanding, then the proceeds of
such Borrowing, <U>first</U>, shall be applied to the payment in full of any such LC Borrowings,
and, <U>second</U>, shall be made available to the Borrower as provided above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Conversions and Continuations</U>. In order to elect to Convert or Continue Advances
under this Section, the Borrower shall deliver an irrevocable Notice of Conversion or Continuation
to the Administrative Agent at its Applicable Lending Office no later than (i)&nbsp;10:00&nbsp;a.m. (New York
time) at least one Business Day in advance of such requested Conversion date in the case of a
Conversion of a Eurocurrency Rate Advance to a Base Rate Advance or (ii)&nbsp;10:00&nbsp;a.m. (New York time)
at least three Business Days in advance of such requested Conversion date in the case of a
Conversion into or Continuation of a Eurocurrency Rate Advance to another Eurocurrency Rate
Advance. Each such Notice of Conversion or Continuation shall be by facsimile or telephone
confirmed promptly in writing or by electronic communication (e-mail) receipt of which is confirmed
by the Administrative Agent by facsimile or telephone, in any event, specifying (A)&nbsp;the requested
Conversion or Continuation date (which shall be a Business Day), (B)&nbsp;the amount, Class, and Type of
the Advance to be Converted or Continued, (C)&nbsp;whether a Conversion or Continuation is requested,
and if a Conversion, into what Type of Advance, and (D)&nbsp;in the case of a Conversion to, or a
Continuation of, a Eurocurrency Rate Advance, the requested Interest Period. Promptly after
receipt of a Notice of Conversion or Continuation under this paragraph, the Administrative Agent
shall provide each Lender with a copy thereof and, in the case of a Conversion to or a Continuation
of a Eurocurrency Rate Advance, notify each Lender of the interest rate under <U>Section&nbsp;2.09</U>.
Notwithstanding anything in this Agreement to the contrary, Conversions of Eurocurrency Rate
Advances may only be made at the end of the applicable Interest Period for such Advances;
<U>provided</U>, <U>however</U>, that Conversions of Base Rate Advances may be made at any time.
For purposes other than the conditions set forth in <U>Section&nbsp;3.02</U>, the portion of Advances
comprising part of the same Borrowing that are Converted to Advances of another Type shall
constitute a new Borrowing
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-35-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Certain Limitations</U>. Notwithstanding anything in paragraphs (a)&nbsp;and (b)&nbsp;above:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Each Revolving Borrowing shall (A)&nbsp;be in an aggregate amount not less than
$2,000,000 and in integral multiples of $500,000 in excess thereof, (B)&nbsp;consist of Advances
of the same Type made, Converted or Continued on the same day by the Lenders according to
their Applicable Percentage, and (C)&nbsp;denominated only in Dollars.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) &#091;Intentionally omitted.&#093;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) At no time shall there be more than five Interest Periods applicable to
outstanding Eurocurrency Rate Advances hereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The Borrower may not select Eurocurrency Rate Advances for any Borrowing to be
made, Converted or Continued if a Default or Event of Default has occurred and is
continuing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) If any Lender shall, at least one Business Day prior to the requested date of any
Borrowing comprised of Eurocurrency Rate Advances, notify the Administrative Agent and the
Borrower that any Change in Law makes it unlawful, or that any central bank or other
Governmental Authority asserts that it is unlawful, for such Lender or its Applicable
Lending Office to perform its obligations under this Agreement to make Eurocurrency Rate
Advances or to fund or maintain Eurocurrency Rate Advances, or any Governmental Authority
has imposed material restrictions on the authority of such Lender to purchase or sell, or
take deposits of, Dollars or any Foreign Currency in the applicable interbank market, then
(1)&nbsp;if the requested Borrowing was of Revolving Advances, such Lender&#146;s Applicable
Percentage of the amount of such Borrowing shall be made as a Base Rate Advance of such
Lender, (2)&nbsp;in any event, such Base Rate Advance shall be considered part of the same
Borrowing and interest on such Base Rate Advance shall be due and payable at the same time
that interest on the Eurocurrency Rate Advances comprising the remainder of such Borrowing
shall be due and payable, and (3)&nbsp;any obligation of such Lender to make, Continue, or
Convert to, Eurocurrency Rate Advances, including in connection with such requested
Borrowing, shall be suspended until such Lender notifies the Administrative Agent and the
Borrower that the circumstances giving rise to such determination no longer exist.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) If the Administrative Agent is unable to determine the Eurocurrency Rate for
Eurocurrency Rate Advances comprising any requested Revolving Borrowing, the right of the
Borrower to select Eurocurrency Rate Advances for such Borrowing or for any subsequent
Borrowing shall be suspended until the Administrative Agent shall notify the Borrower and
the applicable Lenders that the circumstances causing such suspension no longer exist, and
each Revolving Advance comprising such Borrowing shall be made as a Base Rate Advances.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) If the Majority Lenders shall, by 11:00&nbsp;a.m. (New York time) at least one
Business Day before the date of any requested Borrowing, notify the Administrative Agent
that (A)&nbsp;the Eurocurrency Rate for Eurocurrency Rate Advances comprising such Borrowing will
not adequately reflect the cost to such Lenders of making or funding their respective
Eurocurrency Rate Advances, as the case may be, for such Borrowing, or (B)&nbsp;deposits are not
being offered to banks in the applicable offshore interbank market for
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-36-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">such currency for the applicable amount and Interest Period of such Eurocurrency Rate
Advance, then the Administrative Agent shall give notice thereof to the Borrower and the
Lenders and the right of the Borrower to select Eurocurrency Rate Advances for such
Revolving Borrowing or for any subsequent Revolving Borrowing shall be suspended until the
Administrative Agent shall notify the Borrower and the Lenders that the circumstances
causing such suspension no longer exist, and each Advance comprising such Borrowing shall be
made as a Base Rate Advance.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) If the Borrower shall fail to select the duration or continuation of any
Interest Period for any Eurocurrency Rate Advance in accordance with the provisions
contained in the definition of &#147;Interest Period&#148; in <U>Section&nbsp;1.01</U> and paragraph (a)
or (b)&nbsp;above, the Administrative Agent will forthwith so notify the Borrower and the
applicable Lenders and such affected Advances will be made available to the Borrower on the
date of such Borrowing as Base Rate Advances or, if such affected Advances are existing
Advances, will be Converted into Base Rate Advances at the end of Interest Period then in
effect.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) Revolving Advances may only be Converted or Continued as Revolving Advances.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Notices Irrevocable</U>. Each Notice of Borrowing and Notice of Conversion or
Continuation shall be irrevocable and binding on the Borrower. In the case of any Borrowing which
the related Notice of Conversion or Continuation specifies is to be comprised of Eurocurrency Rate
Advances, the Borrower shall indemnify each Lender against any loss, out-of-pocket cost or expense
actually incurred by such Lender as a result of any failure to fulfill on or before the date
specified in such Notice of Conversion or Continuation for such Borrowing the applicable conditions
set forth in <U>Article&nbsp;III</U>, including, without limitation, any loss, cost or expense actually
incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such
Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance,
as a result of such failure, is not made on such date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;<U>Lender Obligations Several</U>. The failure of any Lender to make the Advance to be
made by it as part of any Borrowing shall not relieve any other Lender of its obligation, if any,
to make its Advance on the date of such Borrowing. No Lender shall be responsible for the failure
of any other Lender to make the Advance to be made by such other Lender on the date of any
Borrowing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;<U>Funding by Lenders; Administrative Agents&#146; Reliance</U>. Unless the Administrative
Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that
such Lender will not make available to the Administrative Agent such Lender&#146;s share of such
Borrowing, the Administrative Agent may assume that such Lender has made such share available in
accordance with and at the time required in <U>Section&nbsp;2.02(a)</U> and may, in reliance upon such
assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has
not in fact made its share of the applicable Borrowing available to the Administrative Agent, then
the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith
on demand such corresponding amount in Same Day Funds with interest thereon, for each day from and
including the date such amount is made available to
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-37-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Borrower to but excluding the date of payment to the Administrative Agent, at (A)&nbsp;in the case
of a payment to be made by such Lender, the Overnight Rate and (B)&nbsp;in the case of a payment to be
made by Borrower, the interest rate applicable to the requested Borrowing. If Borrower and such
Lender shall pay such interest to the Administrative Agent for the same or an overlapping period,
the Administrative Agent shall promptly remit to Borrower the amount of such interest paid by
Borrower for such period. If such Lender pays its share of the applicable Borrowing to the
Administrative Agent, then the amount so paid shall constitute such Lender&#146;s Advance included in
such Borrowing. Any payment by Borrower shall be without prejudice to any claim Borrower may have
against a Lender that shall have failed to make such payment to the Applicable Administrative
Agent. A notice of the Administrative Agent to any Lender or Borrower with respect to any amount
owing under this subsection (f)&nbsp;shall be conclusive, absent manifest error.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.03 <U>Letters of Credit</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Commitment</U>. Subject to the terms and conditions set forth herein, (i)&nbsp;the Issuing
Bank agrees, in reliance upon the agreements of the Lenders set forth in this <U>Section&nbsp;2.03</U>,
from time to time on any Business Day during the period from the Closing Date until the LC
Availability Termination Date, to issue, increase, or extend the expiration date of Letters of
Credit (any such issuance, increase, or extension, an &#147;<U>Issuance Event</U>&#148;) denominated in
Dollars or in one or more Alternative Currencies for the account of the Borrower or any Guarantor
(in which case the Borrower and such Guarantor shall be co-applicants with respect to such Letter
of Credit), in accordance with subsection (b)&nbsp;below, and (ii)&nbsp;the Lenders severally agree to
participate in Letters of Credit issued for the account of the Borrower or any Guarantor and any
drawings thereunder; <U>provided</U> that after giving effect to any LC Credit Extension with
respect to any Letter of Credit, (A)&nbsp;the Revolving Outstanding Amount shall not exceed the
aggregate Revolving Commitments, (B)&nbsp;the aggregate outstanding amount of the Revolving Advances of
any Lender <U>plus</U> such Lender&#146;s Applicable Percentage of the Letter of Credit Exposure, shall
not exceed such Lender&#146;s Revolving Commitment, and (C)&nbsp;the aggregate outstanding amount of the
Revolving Advances <U>plus</U> the aggregate Financial and Documentary LC Exposure shall not
exceed the Revolving Sublimit. Each request by the Borrower or Guarantor for an Issuance Event
shall be deemed to be a representation by the Borrower that the LC Credit Extension so requested
complies with the conditions set forth in the proviso to the preceding sentence. Within the
foregoing limits, and subject to the terms and conditions hereof, the Borrower&#146;s ability to obtain
Letters of Credit shall be fully revolving, and accordingly the Borrower may, during the foregoing
period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been
drawn upon and reimbursed. Immediately upon the issuance or increase of each Letter of Credit
(including the deemed issuance of the Existing Letters of Credit), each Lender shall be deemed to,
and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank a risk
participation in such Letter of Credit in an amount equal to the product of such Lender&#146;s
Applicable Percentage <U>times</U> the amount of such Letter of Credit (or such increase). No
Letter of Credit will be issued, increased or extended unless:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) after giving effect to such Issuance Event the Revolving Outstanding Amount would
not exceed the aggregate Revolving Commitments of all Lenders at the time of such proposed
Issuance Event;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-38-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) after giving effect to such Issuance Event the sum of (a)&nbsp;the Financial and
Documentary LC Exposure plus (b)&nbsp;the outstanding amount of the Revolving Advances would not
exceed the Revolving Sublimit;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) such Letter of Credit has an expiration date not later than five Business Days
prior to the scheduled Maturity Date and not later than one-year from the issuance thereof;
<U>provided</U> that, any such Letter of Credit with a one-year tenor may expressly provide
that it is renewable at the option of the Issuing Bank for additional one-year periods
(which shall in no event extend beyond the scheduled Maturity Date), <U>provided</U> that
such Letter of Credit is cancelable upon at least 30&nbsp;days&#146; notice given by the Issuing Bank
to the beneficiary of such Letter of Credit;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) such Letter of Credit is in form and substance acceptable to the Issuing Bank in
its reasonable discretion; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the Borrower, and if such Letter of Credit is for the account of a Guarantor, such
Guarantor, has delivered to the Issuing Bank a completed and executed Letter of Credit
Application and a completed Letter of Credit Request; provide that, if the terms of any
Letter of Credit Application conflicts with the terms of this Agreement, the terms of this
Agreement shall control.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Certain Limits on Issuing Bank&#146;s Obligation</U>. Notwithstanding anything to the
contrary contained herein or in any Letter of Credit Application, the Issuing Bank shall not be
under any obligation to issue any Letter of Credit if:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any order, judgment or decree of any Governmental Authority or arbitrator shall by
its terms purport to enjoin or restrain the Issuing Bank from issuing such Letter of Credit,
or any Legal Requirement applicable to the Issuing Bank or any request or directive (whether
or not having the force of law) from any Governmental Authority with jurisdiction over the
Issuing Bank shall prohibit, or request that the Issuing Bank refrain from, the issuance of
letters of credit generally or such Letter of Credit in particular or shall impose upon the
Issuing Bank with respect to such Letter of Credit any restriction, reserve or capital
requirement (for which the Issuing Bank is not otherwise compensated hereunder) not in
effect on the Closing Date, or shall impose upon the Issuing Bank any unreimbursed loss,
cost or expense which was not applicable on the Closing Date and which the Issuing Bank in
good faith deems material to it;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the issuance of such Letter of Credit would violate one or more policies of the
Issuing Bank applicable to letters of credit generally;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) except as otherwise agreed by the Administrative Agent and the Issuing Bank, such
Letter of Credit is to be denominated in a currency other than Dollars or an Alternative
Currency;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Issuing Bank does not as of the issuance date of such requested Letter of
Credit issue Letters of Credit in the requested currency;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-39-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) a default of any Lender&#146;s obligations to fund under <U>Section&nbsp;2.03(c)</U> exists
or any Lender is at such time a Defaulting Lender hereunder, unless the Issuing Bank has
entered into satisfactory arrangements with the Borrower or such Lender to eliminate the
Issuing Bank&#146;s risk with respect to such Lender; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) the beneficiary of a Letter of Credit which is requested to be amended does not
accept the proposed amendment to such Letter of Credit;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Drawings and Reimbursements; Funding of Participations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a
drawing under such Letter of Credit, the Issuing Bank shall notify the Borrower and the
Administrative Agent thereof. In the case of a Letter of Credit denominated in an
Alternative Currency, the Borrower shall reimburse the Issuing Bank in such Alternative
Currency, unless (A)&nbsp;the Issuing Bank (at its option) shall have specified in such notice
that it will require reimbursement in Dollars, or (B)&nbsp;in the absence of any such requirement
for reimbursement in Dollars, the Borrower shall have notified the Issuing Bank promptly
following receipt of the notice of drawing that the Borrower will reimburse the Issuing Bank
in Dollars. In the case of any such reimbursement in Dollars of a drawing under a Letter of
Credit denominated in an Alternative Currency, the Issuing Bank shall notify the Borrower of
the Dollar Equivalent of the amount of the drawing promptly following the determination
thereof. Not later than 11:00&nbsp;a.m. (New York time) on the date of any payment by the
Issuing Bank under a Letter of Credit to be reimbursed in Dollars, or the Applicable Time on
the date of any payment by the Issuing Bank under a Letter of Credit to be reimbursed in an
Alternative Currency (each such date, an &#147;<U>Honor Date</U>&#148;), the Borrower shall reimburse
the Issuing Bank through the Administrative Agent in an amount equal to the amount of such
drawing and in the applicable currency. If the Borrower fails to so reimburse the Issuing
Bank by such time, the Administrative Agent shall promptly notify each Lender of the Honor
Date, the amount of the unreimbursed drawing (expressed in Dollars in the amount of the
Dollar Equivalent thereof in the case of a Letter of Credit denominated in an Alternative
Currency) (the &#147;<U>Unreimbursed Amount</U>&#148;), and the amount of such Lender&#146;s Applicable
Percentage thereof. In such event, the Borrower shall be deemed to have requested a
Revolving Borrowing of Base Rate Advances to be disbursed on the Honor Date in an amount
equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in
<U>Section&nbsp;2.02</U> for the principal amount of Base Rate Advances, but subject to the
amount of the unutilized portion of the aggregate Revolving Commitments and the conditions
set forth in <U>Section&nbsp;3.02</U> (other than the delivery of a Notice of Borrowing). Any
notice given by the Issuing Bank or the Administrative Agent pursuant to this <U>Section
2.03(c)(i)</U> may be given by telephone if immediately confirmed in writing;
<U>provided</U> that the lack of such an immediate confirmation shall not affect the
conclusiveness or binding effect of such notice.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;Each Lender shall upon any notice pursuant to <U>Section&nbsp;2.03(c)(i)</U> make
funds available to the Administrative Agent for the account of the Issuing Bank, in Dollars,
at the Administrative Agent&#146;s Office for Dollar-denominated payments in an amount equal to
its Applicable Percentage of the Unreimbursed Amount not later than
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-40-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">1:00 p.m. (New York time) on the Business Day specified in such notice by the
Administrative Agent, whereupon, subject to the provisions of <U>Section&nbsp;2.03(c)(iii)</U>,
each Lender that so makes funds available shall be deemed to have made a Base Rate Revolving
Advance to the Borrower in such amount. The Administrative Agent shall remit the funds so
received to the Issuing Bank in Dollars.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) With respect to any Unreimbursed Amount that is not fully refinanced by a
Revolving Borrowing of Base Rate Advances because the conditions set forth in <U>Section
3.02</U> cannot be satisfied or for any other reason, the Borrower shall be deemed to have
incurred from the Issuing Bank an LC Borrowing in the amount of the Unreimbursed Amount that
is not so refinanced, which LC Borrowing shall be due and payable on demand (together with
interest) and shall bear interest at the Default Rate. In such event, each Lender&#146;s payment
to the Administrative Agent for the account of the Issuing Bank pursuant to <U>Section
2.03(c)(ii)</U> shall be deemed payment in respect of its participation in such LC Borrowing
and shall constitute an LC Advance from such Lender in satisfaction of its participation
obligation under this <U>Section&nbsp;2.03</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Until each Lender funds its Revolving Advance or LC Advance pursuant to this
<U>Section&nbsp;2.03(c)</U> to reimburse the Issuing Bank for any amount drawn under any Letter
of Credit, interest in respect of such Lender&#146;s Applicable Percentage of such amount shall
be solely for the account of the Issuing Bank.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Each Lender&#146;s obligation to make Revolving Advances or LC Advances to reimburse the
Issuing Bank for amounts drawn under Letters of Credit, as contemplated by this <U>Section
2.03(c)</U>, shall be absolute and unconditional and shall not be affected by any
circumstance, including (A)&nbsp;any setoff, counterclaim, recoupment, defense or other right
which such Lender may have against the Issuing Bank, the Borrower, any Subsidiary or any
other Person for any reason whatsoever; (B)&nbsp;the occurrence or continuance of a Default, or
(C)&nbsp;any other occurrence, event or condition, whether or not similar to any of the
foregoing; <U>provided</U>, <U>however</U>, that each Lender&#146;s obligation to make
Revolving Advances pursuant to this <U>Section&nbsp;2.03(c)</U> is subject to the conditions set
forth in <U>Section&nbsp;3.02</U> (other than delivery by the Borrower of a Borrowing Notice).
No such making of an LC Advance shall relieve or otherwise impair the obligation of the
Borrower to reimburse the Issuing Bank for the amount of any payment made by the Issuing
Bank under any Letter of Credit, together with interest as provided herein.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) If any Lender fails to make available to the Administrative Agent for the account
of the Issuing Bank any amount required to be paid by such Lender pursuant to the foregoing
provisions of this <U>Section&nbsp;2.03(c)</U> by the time specified in <U>Section
2.03(c)(ii)</U>, the Issuing Bank shall be entitled to recover from such Lender (acting
through the Administrative Agent), on demand, such amount with interest thereon for the
period from the date such payment is required to the date on which such payment is
immediately available to the Issuing Bank at a rate per annum equal to the applicable
Overnight Rate from time to time in effect, plus any administrative, processing or similar
fees customarily charged by the Issuing Bank in connection with the foregoing. If such
Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall
constitute such Lender&#146;s Revolving Advance included in the relevant Revolving
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-41-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">Borrowing or LC Advance in respect of the relevant LC Borrowing, as the case may be. A
certificate of the Issuing Bank submitted to any Lender (through the Administrative Agent)
with respect to any amounts owing under this clause (vi)&nbsp;shall be conclusive absent manifest
error.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Repayment of Participations</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) At any time after the Issuing Bank has made a payment under any Letter of Credit
and has received from any Lender such Lender&#146;s LC Advance in respect of such payment in
accordance with <U>Section&nbsp;2.03(c)</U>, if the Administrative Agent receives for the
account of the Issuing Bank any payment in respect of the related Unreimbursed Amount or
interest thereon (whether directly from the Borrower or otherwise, including proceeds of
Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will
distribute to such Lender its Applicable Percentage thereof in Dollars and in the same funds
as those received by the Administrative Agent.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If any payment received by the Administrative Agent for the account of the Issuing
Bank pursuant to <U>Section&nbsp;2.03(c)(i)</U> is required to be returned under any of the
circumstances described in <U>Section&nbsp;10.11</U> (including pursuant to any settlement
entered into by the Issuing Bank in its discretion), each Lender shall pay to the
Administrative Agent for the account of the Issuing Bank its Applicable Percentage thereof
on demand of the Administrative Agent, plus interest thereon from the date of such demand to
the date such amount is returned by such Lender, at a rate per annum equal to the applicable
Overnight Rate from time to time in effect. The obligations of the Lenders under this
clause shall survive the payment in full of the Obligations and the termination of this
Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;<U>Obligations Absolute</U>. The obligation of the Borrower to reimburse the Issuing
Bank for each drawing under each Letter of Credit and to repay each LC Borrowing shall be absolute,
unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this
Agreement under all circumstances, including the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or
any other Loan Document;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any amendment or waiver of or any consent to departure from all or any of the
provisions of any Letter of Credit Document or any Loan Document;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the existence of any claim, counterclaim, setoff, defense or other right that the
Borrower, any Guarantor or any other party guaranteeing, or otherwise obligated with, the
Borrower, any subsidiary or Affiliate thereof or any other Person may have at any time
against any beneficiary or any transferee of such Letter of Credit (or any Person for whom
any such beneficiary or any such transferee may be acting), the Issuing Bank or any other
Person, whether in connection with this Agreement, the transactions contemplated hereby or
by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated
transaction;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-42-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any draft, demand, certificate or other document presented under such Letter of
Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any
statement therein being untrue or inaccurate in any respect; or any loss or delay in the
transmission or otherwise of any document required in order to make a drawing under such
Letter of Credit;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) any payment by the Issuing Bank under such Letter of Credit against presentation of
a draft or certificate that does not strictly comply with the terms of such Letter of
Credit; or any payment made by the Issuing Bank under such Letter of Credit to any Person
purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of
creditors, liquidator, receiver or other representative of or successor to any beneficiary
or any transferee of such Letter of Credit, including any arising in connection with any
proceeding under any Debtor Relief Law;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) any adverse change in the relevant exchange rates or in the availability of the
relevant Alternative Currency to the Borrower, any Guarantor or any Subsidiary or any other
party guaranteeing, or otherwise obligated with, the Borrower, any subsidiary or Affiliate
thereof or any other Person, or in the relevant currency markets generally; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) any other circumstance or happening whatsoever, whether or not similar to any of
the foregoing, including any other circumstance that might otherwise constitute a defense
available to, or a discharge of, the Borrower, any Guarantor or any Subsidiary or any other
party guaranteeing, or otherwise obligated with, the Borrower, any subsidiary or Affiliate
thereof or any other Person.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that
is delivered to it and, in the event of any claim of noncompliance with the Borrower&#146;s instructions
or other irregularity, the Borrower will immediately notify the Issuing Bank. The Borrower shall
be conclusively deemed to have waived any such claim against the Issuing Bank and its
correspondents unless such notice is given as aforesaid. Without limiting the generality of the
foregoing but subject to the proviso in clause (f)&nbsp;below, it is expressly understood and agreed
that the absolute and unconditional obligation of the Borrower hereunder to reimburse each payment
or disbursement made by an Issuing Bank pursuant to a Letter of Credit will not be excused by the
gross negligence or willful misconduct of the Issuing Bank.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;<U>Role of Issuing Bank</U>. The Borrower assumes all risks of the acts or omissions of
any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of
Credit. None of the Issuing Bank, the Administrative Agent, any of their respective Related
Parties nor any correspondent, participant or assignee of the Issuing Bank shall be liable or
responsible for:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the use which may be made of any Letter of Credit or any acts or omissions of any
beneficiary or transferee in connection therewith;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the validity, sufficiency or genuineness of documents, or of any endorsement
thereon, even if such documents should prove to be in any or all respects invalid,
insufficient, fraudulent or forged;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-43-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) payment by the Issuing Bank against presentation of documents which do not comply
with the terms of a Letter of Credit; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any other circumstances whatsoever in making or failing to make payment under any
Letter of Credit (including the Issuing Bank&#146;s own negligence),
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>provided however,</U> that the Borrower shall have a claim against the Issuing Bank, and the
Issuing Bank shall be liable to, and shall promptly pay to, the Borrower, to the extent of any
direct, as opposed to consequential (claims in respect of which are hereby waived by the Borrower
to the extent permitted by applicable Legal Requirements), damages suffered by the Borrower which
the Borrower prove were caused by (A)&nbsp;the Issuing Bank&#146;s willful misconduct or gross negligence in
determining whether documents presented under a Letter of Credit strictly comply with the terms of
such Letter of Credit, (B)&nbsp;in the event the Issuing Bank did not follow its own standard operating
procedures in all material respects or (C)&nbsp;the Issuing Bank has honored a Letter of Credit in
violation of, to its knowledge, applicable Legal Requirements or court order. It is understood
that the Issuing Bank may accept documents that appear on their face to be in order, without
responsibility for further investigation, regardless of any notice or information to the contrary
and, in making any payment under any Letter of Credit (A)&nbsp;the Issuing Bank&#146;s exclusive reliance on
the documents presented to it under such Letter of Credit as to any and all matters set forth
therein, including reliance on the amount of any draft presented under such Letter of Credit,
whether or not the amount due to the beneficiary thereunder equals the amount of such draft and
whether or not any document presented pursuant to such Letter of Credit proves to be insufficient
in any respect, if such document on its face appears to be in order, and whether or not any other
statement or any other document presented pursuant to such Letter of Credit proves to be forged or
invalid or any statement therein proves to be inaccurate or untrue in any respect whatsoever and
(B)&nbsp;any noncompliance in any immaterial respect of the documents presented under such Letter of
Credit with the terms thereof shall, in each case, be deemed not to constitute willful misconduct
or gross negligence of the Issuing Bank. Each Lender and the Borrower agree that, in paying any
drawing under a Letter of Credit, the Issuing Bank shall not have any responsibility to obtain any
document (other than any sight draft, certificates and documents expressly required by the Letter
of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the
authority of the Person executing or delivering any such document.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;<U>Cash Collateral</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Upon the request of the Administrative Agent, (A)&nbsp;if the Issuing Bank has honored
any full or partial drawing request under any Letter of Credit and such drawing has resulted
in an LC Borrowing, or (B)&nbsp;if, as of the Letter of Credit Termination Date, any Letter of
Credit Obligation for any reason remains outstanding, the Borrower shall, in each case,
immediately Cash Collateralize the Letter of Credit Obligations in an amount equal to the
Dollar Equivalent of the aggregate outstanding amount of the Letter of Credit Obligations.
The Administrative Agent may, at any time and from time to time after the initial deposit of
Cash Collateral, request that additional Cash Collateral be provided in order to protect
against the results of exchange rate fluctuations. <U>Section&nbsp;2.08</U>, <U>Section
7.02</U> and <U>Section&nbsp;7.03</U> set forth certain additional requirements to deliver Cash
Collateral hereunder.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-44-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If the Borrower is required to deposit funds in the LC Cash Collateral Account
pursuant to the terms hereof, then the Borrower and the Collateral Agent shall establish the
LC Cash Collateral Account and the Borrower shall execute any documents and agreements,
including the Collateral Agent&#146;s standard form assignment of deposit accounts and control
agreements, that the Collateral Agent requests in connection therewith to establish the LC
Cash Collateral Account and grant the Collateral Agent an Acceptable Security Interest in
such account and the funds therein. The Borrower hereby pledges to the Collateral Agent and
grants the Collateral Agent a security interest in the LC Cash Collateral Account, whenever
established, all funds held in such LC Cash Collateral Account from time to time, and all
proceeds thereof as security for the payment of the Obligations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;<U>Applicability of ISP and UCP</U>. Unless otherwise expressly agreed by the Issuing
Bank and the Borrower when a Letter of Credit is issued (including any such agreement applicable to
an Existing Letter of Credit), (i)&nbsp;the rules of the ISP shall apply to each standby Letter of
Credit, and (ii)&nbsp;the rules of the Uniform Customs and Practice for Documentary Credits, as most
recently published by the International Chamber of Commerce at the time of issuance shall apply to
each commercial Letter of Credit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;<U>Conflict with Issuer Documents</U>. In the event of any conflict between the terms
hereof and the terms of any Letter of Credit Document, the terms hereof shall control.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;<U>Letters of Credit Issued for Guarantors</U>. Notwithstanding that a Letter of Credit
issued or outstanding hereunder is in support of any obligations of, or is for the account of, a
Guarantor, the Borrower shall be obligated to reimburse the Issuing Bank hereunder for any and all
drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of
Letters of Credit for the account of Guarantors inures to the benefit of the Borrower, and that the
Borrower&#146;s business derives substantial benefits from the businesses of such Guarantors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;<U>Existing Letters of Credit</U>. The Issuing Bank, the Lenders and the Borrower agree
that effective as of the Revolving Effective Date, the Existing Letters of Credit shall be deemed
to have been issued and maintained under, and to be governed by the terms and conditions of, this
Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.04 <U>Noteless Agreement; Evidence of Indebtedness</U>. Each Lender shall maintain
in accordance with its usual practice an account or accounts evidencing the indebtedness of the
Borrower to such Lender resulting from the Advances made by such Lender from time to time,
including the amounts of principal and interest payable and paid to such Lender from time to time
hereunder. The Administrative Agent shall also maintain accounts in which it will record (A)&nbsp;the
amount of each Advance made hereunder, the Class and Type thereof and the Interest Period with
respect thereto, (B)&nbsp;the amount of any principal or interest due and payable or to become due and
payable from the Borrower to each Lender hereunder and (C)&nbsp;the amount of any sum received by the
Administrative Agent hereunder from the Borrower and each Lender&#146;s share thereof. The entries
maintained in the accounts maintained pursuant to sentences above shall be conclusive evidence of
the existence and amounts of the Obligations therein recorded absent manifest error;
<U>provided</U>, <U>however</U>, that the failure of the Administrative Agent or any Lender to
maintain such accounts or any error therein shall not in any manner
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-45-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">affect the obligation of the Borrower to repay the Obligations in accordance with their terms.
Any Lender may request that the Advances owing to such Lender be evidenced by a Note. In such
event, the Borrower shall execute and deliver to such Lender a Note payable to the order of such
Lender and its registered assigns. Thereafter, the Advances evidenced by such Note and interest
thereon shall at all times (including after any assignment pursuant to <U>Section&nbsp;10.06</U>) be
represented by one or more Notes payable to the order of the payee named therein or any assignee
pursuant to <U>Section&nbsp;10.06</U>, except to the extent that any such Lender or assignee
subsequently returns any such Note for cancellation and requests that such Advances once again be
evidenced as described in paragraphs (i)&nbsp;and (ii)&nbsp;above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.05 <U>Reductions and Increases of the Commitments</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Reduction of Revolving Commitments</U>. The Borrower shall have the right, upon at
least five Business Days&#146; irrevocable notice to the Administrative Agent, to terminate in whole or
reduce ratably in part the unused portion of the Revolving Commitments; <U>provided</U> that each
partial reduction of Revolving Commitments shall be in the minimum aggregate amount of $5,000,000
and in integral multiples of $1,000,000 in excess thereof (or such lesser amount as may then be
outstanding). To the extent that a Revolving Commitment reduction would result in the Revolving
Outstanding Amount exceeding the aggregate Revolving Commitments, the Borrower shall reduce the
Revolving Outstanding Amount such that after giving effect to such reduction such excess has been
eliminated. Such reductions shall be made to the extent necessary by <U>first</U> prepaying the
Revolving Advances outstanding at such time, and <U>second</U> depositing in the LC Cash
Collateral Account an amount of cash equal to 105% of the remaining excess to be held by the
Collateral Agent as collateral and applied to satisfy drawings under Letters of Credit as they
occur. Any reduction or termination of the Revolving Commitments pursuant to this <U>Section
2.05</U> shall be permanent, with no obligation of the Lenders to reinstate such Revolving
Commitments and the commitment fees provided for in <U>Section&nbsp;2.06(b)</U> shall thereafter be
computed on the basis of the Revolving Commitments as so reduced. The Administrative Agent shall
give each Lender prompt notice of any commitment reduction or termination.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Increase in Revolving Commitments</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) At any time prior to the earlier of (A)&nbsp;the Maturity Date and (B)&nbsp;the second
anniversary of the Closing Date, the Borrower may, with the consent of the Administrative
Agent (which consent shall not be unreasonably withheld), effectuate one or more increases
in the aggregate Revolving Commitments (each such increase being a &#147;<U>Commitment
Increase</U>&#148;), by designating either one or more of the existing Lenders (each of which, in
its sole discretion, may determine whether and to what degree to participate in such
Commitment Increase) or one or more other banks or other financial institutions (reasonably
acceptable to the Administrative Agent and the Issuing Bank) that at the time agree, in the
case of any such bank or financial institution that is an existing Lender to increase its
Revolving Commitment as such Lender shall so select (an &#147;<U>Increasing Lender</U>&#148;) and, in
the case of any other such bank or financial institution (an &#147;<U>Additional Lender</U>&#148;),
to become a party to this Agreement; <U>provided</U>, however, that (a)&nbsp;each Commitment
Increase shall be of at least $5,000,000, (b)&nbsp;the aggregate amount of all Commitment
Increases shall not exceed $50,000,000, and (c)&nbsp;the aggregate Revolving
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-46-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">Commitments, after giving effect to all Commitment Increases, shall not exceed
$200,000,000. The sum of the increases in the Revolving Commitments of the Increasing
Lenders plus the Revolving Commitments of the Additional Lenders upon giving effect to a
Commitment Increase shall not, in the aggregate, exceed the amount of such Commitment
Increase. The Borrower shall provide prompt notice of any proposed Commitment Increase
pursuant to this <U>Section&nbsp;2.05(b)</U> to the Administrative Agents and the Lenders. This
<U>Section&nbsp;2.05(b)</U> shall not be construed to create any obligation on any of the
Administrative Agent or any of the Lenders to advance or to commit to advance any credit to
the Borrower or to arrange for any other Person to advance or to commit to advance any
credit to the Borrower.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) A Commitment Increase shall become effective upon (A)&nbsp;the receipt by
Administrative Agent of (1)&nbsp;an agreement in form and substance reasonably satisfactory to
the Administrative Agent signed by the Borrower, each Increasing Lender and each Additional
Lender, setting forth the Revolving Commitments, if any, of each such Lender and setting
forth the agreement of each Additional Lender to become a party to this Agreement and to be
bound by all the terms and provisions hereof binding upon each Lender, and (2)&nbsp;such evidence
of appropriate authorization on the part of the Borrower with respect to such Commitment
Increase as the Administrative Agent may reasonably request, (B)&nbsp;the funding by each
Increasing Lender and Additional Lender of the Revolving Advances to be made by each such
Lender to effect the prepayment requirement set forth in <U>Section&nbsp;2.08(c)(iii)</U>, and
(C)&nbsp;receipt by the Administrative Agent of a certificate of an authorized officer of the
Borrower stating that, both before and after giving effect to such Commitment Increase, no
Default has occurred and is continuing, and that all representations and warranties made by
the Borrower in this Agreement are true and correct in all material respects, unless such
representation or warranty relates to an earlier date which remains true and correct as of
such earlier date.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Notwithstanding any provision contained herein to the contrary, from and after
the date of any Commitment Increase, all calculations and payments of interest on the
Revolving Advances shall take into account the actual Revolving Commitment of each Lender
and the principal amount outstanding of each Revolving Advance made by such Lender during
the relevant period of time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.06 <U>Fees</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Agency and Other Fees</U>. The Borrower agrees to pay to the Administrative Agent and
the Arranger the fees as separately agreed upon by the Borrower in the Fee Letters.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Commitment Fee</U>. The Borrower shall pay to the Administrative Agent for the
account of each Lender in accordance with its Applicable Percentage, a commitment fee in Dollars
equal to .50% times the actual daily amount by which the aggregate Revolving Commitments exceed the
sum of (i)&nbsp;the aggregate outstanding amount of Revolving Advances and (ii)&nbsp;the Dollar Equivalent of
the outstanding amount of the Letter of Credit Obligations. The commitment fee shall accrue at all
times during the Revolving Availability Period, including at any time during which one or more of
the conditions in Article&nbsp;III is not met, and shall be due and payable quarterly in arrears on the
last Business Day of each March, June, September and
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-47-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">December, commencing with the first such date to occur after the Revolving Effective Date, and
on the last day of the Revolving Availability Period. The commitment fee shall be calculated
quarterly in arrears.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Letter of Credit Fees</U>. The Borrower shall pay to the Administrative Agent for the
account of each Lender in accordance with its Applicable Percentage, in Dollars, (i)&nbsp;a per annum
letter of credit fee for each Documentary Letter of Credit or Financial Letter of Credit equal to
the Applicable Margin for Eurocurrency Rate Advances, and (ii)&nbsp;a per annum letter of credit fee for
each Performance Letter of Credit equal to the Applicable Margin for Performance Letters of Credit.
Each such fee shall be (A)&nbsp;computed on the Dollar Equivalent of the initial stated amount of such
Letter of Credit (or, with respect to any subsequent increase to the stated amount of any such
Letter of Credit, such increase in the stated amount), (B)&nbsp;payable quarterly in arrears on or
before the later of (1)&nbsp;the last Business Day of each March, June, September and December and (2)
five Business Days after receipt by the Borrower of an invoice therefor, commencing with the first
such date to occur after the Closing Date, until the earlier of its expiration date or the Maturity
Date, and (C)&nbsp;computed on the basis of the actual number of days elapsed in a year of 360&nbsp;days. If
there is any change in the Applicable Margin during any quarter, the daily amount available to be
drawn under each Letter of Credit shall be computed and multiplied by the Applicable Margin
separately for each period during such quarter that such Applicable Margin was in effect.
Notwithstanding anything to the contrary contained herein, while any Event of Default exists, all
fees provided in this clause (c)&nbsp;shall accrue at the Default Rate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Fronting Fee and Documentary and Processing Charges Payable to Issuing Bank</U>. The
Borrower shall pay directly to the Issuing Bank for its own account, in Dollars, a fronting fee
with respect to each Letter of Credit, at .125% per annum. Each such fee shall be (i)&nbsp;computed on
the Dollar Equivalent of the initial stated amount of such Letter of Credit (or, with respect to
any subsequent increase to the stated amount of any such Letter of Credit, such increase in the
stated amount), (ii)&nbsp;payable quarterly in arrears on or before the later of (A)&nbsp;the last Business
Day of each March, June, September and December and (B)&nbsp;five Business Days after receipt by the
Borrower of an invoice therefor, commencing with the first such date to occur after the Closing
Date, until the earlier of its expiration date or the Maturity Date, and (iii)&nbsp;computed on the
basis of the actual number of days elapsed in a year of 360&nbsp;days. In addition to the foregoing
fees, the Borrower agrees to pay to the Issuing Bank all customary transaction costs and fees
charged by the Issuing Bank in connection with the issuance, amendment, renewal, extension,
advising, confirmation or transfer of a Letter of Credit for the Borrower&#146;s account, such costs and
fees to be due and payable on the date specified by the Issuing Bank in the invoice for such costs
and fees.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;<U>Generally</U>. All such fees shall be paid on the dates due, in immediately available
Dollars to the Administrative Agent for distribution, if and as appropriate, among the Lenders,
except that the fees payable pursuant to <U>Section&nbsp;2.06(d)</U> shall be paid directly to the
Issuing Bank. Once paid, absent manifest error, none of these fees shall be refundable under any
circumstances.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.07 <U>Repayment</U>. The Borrower hereby unconditionally promises to repay the
outstanding principal amount of the Revolving Advances and any outstanding Reimbursement
Obligations on the Maturity Date.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-48-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.08 <U>Prepayments</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Right to Prepay</U>. Subject to the terms and conditions provided in this Agreement,
including in this Section&nbsp;2.08, the Borrower may prepay any principal amount of any Advance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Optional</U>. The Borrower may elect to prepay, in whole or in part, any of the
Advances owing by it to the Lenders, after giving prior written notice of such election by (i)
10:00&nbsp;a.m. (New York time) at least three Business Days before such prepayment date in the case of
Borrowings which are comprised of Eurocurrency Rate Advances, and (ii)&nbsp;10:00&nbsp;a.m. (New York time)
on or before the Business Day of such prepayment, in case of Borrowings which are comprised of Base
Rate Advances, in each case to the Administrative Agent stating the proposed date and aggregate
principal amount of such prepayment. If any such notice is given, the Administrative Agent shall
give prompt notice thereof to each Lender and the Borrower shall prepay the Advances comprising
part of the same Borrowing in whole or ratably in part in an aggregate principal amount equal to
the amount specified in such notice, together with accrued and unpaid interest to the date of such
prepayment on the principal amount prepaid and amounts, if any, required to be paid pursuant to
<U>Section&nbsp;2.10</U> as a result of such prepayment being made on such date; <U>provided</U>,
<U>however</U>, that each partial prepayment shall be in an aggregate principal amount not less
than $2,500,000 and in integral multiples of $500,000 in excess thereof (or such lesser amount as
may then be outstanding).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Mandatory Prepayments of Advances</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <U>Deficiency Based on Revolving Sublimit</U>. On any date on which the sum of
the aggregate Revolving Advances and the Financial and Documentary LC Exposure is greater
than the aggregate Revolving Sublimits, the Borrower shall make a mandatory prepayment of
the Revolving Advances, together with accrued and unpaid interest to the date of such
prepayment on the principal amount prepaid and amounts, if any, required to be paid pursuant
to <U>Section&nbsp;2.10</U> as a result of such prepayment being made on such date, in the
amount of such excess, or if the Revolving Advances have been repaid in full, make deposits
into the LC Cash Collateral Account in the remaining amount of such excess to provide cash
collateral for the Financial and Documentary LC Exposure to the extent of such excess.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <U>Reduction of Commitments</U>. On the date of each reduction of the aggregate
Revolving Commitments pursuant to <U>Section&nbsp;2.05</U>, the Borrower shall make a prepayment
in respect of the outstanding amount of the Revolving Advances, or if the Revolving Advances
have been repaid in full, make deposits into the LC Cash Collateral Account to provide cash
collateral for the Letter of Credit Exposure to the extent, if any, that the Revolving
Outstanding Amount exceeds the aggregate Revolving Commitments, as so reduced.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <U>Commitment Increase</U>. On the date of each Commitment Increase pursuant to
<U>Section&nbsp;2.05</U>, the Borrower shall make a prepayment in respect of the outstanding
amount of the Revolving Advances to the extent necessary to keep the outstanding Revolving
Advances ratable to reflect the revised Applicable Percentages arising from such Commitment
Increase. Any prepayment made by Borrower in
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-49-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">accordance with this clause (iii)&nbsp;may be made with the proceeds of Revolving Advances
made by all the Lenders in connection the Commitment Increase occurring simultaneously with
the prepayment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <U>Currency Risks</U>. On each Revaluation Date, the Administrative Agent shall
determine the Dollar Equivalent of the Revolving Outstanding Amount. If, on any Revaluation
Date, the Dollar Equivalent of the Revolving Outstanding Amount exceeds the aggregate
Revolving Commitments then in effect, then the Administrative Agent shall give notice
thereof to the Borrower and the Lenders. Within two Business Days after the Borrower has
received notice thereof, the Borrower shall make a prepayment in respect of the outstanding
amount of the Revolving Advances, or if the Revolving Advances have been repaid in full,
make deposits into the LC Cash Collateral Account to provide cash collateral for the Letter
of Credit Exposure, such that after giving effect to such prepayment or provision, the
Dollar Equivalent of the Revolving Outstanding Amount does not exceed the aggregate
Revolving Commitments then in effect.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) &#091;Intentionally omitted.&#093;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) <U>Asset Dispositions</U>. If any Loan Party or any of its Subsidiaries shall at
any time or from time to time, make or agree to make an Asset Disposition or suffer an Event
of Loss; then (A)&nbsp;the Borrower shall promptly notify the Administrative Agent of such
proposed Asset Disposition or Event of Loss (including the amount of the estimated Net
Proceeds to be received by any Loan Party and/or any of its Subsidiaries in respect thereof)
and (B)&nbsp;promptly upon receipt by such Loan Party and/or any of its Subsidiaries of the Net
Proceeds of such Asset Disposition or such Event of Loss (unless such Loan Party has
delivered a Notice of Reinvestment to the Administrative Agent and made a Qualified
Investment on or before the Reinvestment Prepayment Date), the Borrower shall repay the
Advances with such Net Proceeds, together with accrued and unpaid interest to the date of
such prepayment on the principal amount prepaid and amounts, if any, required to be paid
pursuant to <U>Section&nbsp;2.10</U> as a result of such prepayment being made on such date, or
if the Advances have been repaid in full, make deposits into the LC Cash Collateral Account
in the remaining amount of such excess to provide cash collateral for the Letter of Credit
Exposure; <U>provided</U>, <U>however</U>, that notwithstanding the foregoing, in the case
of any Net Proceeds constituting the Reinvestment Deferred Amount with respect to a
Reinvestment Event, the Borrower shall repay the Advances in an amount equal to the
Reinvestment Prepayment Amount applicable to such Reinvestment Event, if any, on the
Reinvestment Prepayment Date with respect to such Reinvestment Event if the applicable Loan
Party fails to make a Qualified Investment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) <U>Debt Issuance</U>. Promptly upon the receipt by any Loan Party or any of
their respective Subsidiaries of the Net Debt Proceeds, the Borrower shall deliver, or cause
to be delivered, to the Administrative Agent an amount equal to 100% of such Net Debt
Proceeds for application to the Advances, together with accrued interest to the date of such
prepayment on the principal amount prepaid and amounts, if any, required to be paid pursuant
to <U>Section&nbsp;2.10</U> as a result of such prepayment being made on such date, or if the
Advances have been repaid in full, make deposits into the LC Cash Collateral
Account in the remaining amount of such excess to provide cash collateral for the
Letter of Credit Exposure.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-50-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) <U>Equity Issuance</U>. Promptly upon receipt by any Loan Party or any of
their respective Subsidiaries of any Equity Issuance Proceeds, the Borrower shall deliver,
or cause to be delivered, to the Administrative Agent an amount equal to 100% of such Equity
Issuance Proceeds for application to the Advances, together with accrued interest to the
date of such prepayment on the principal amount prepaid and amounts, if any, required to be
paid pursuant to <U>Section&nbsp;2.10</U> as a result of such prepayment being made on such
date, or if the Advances have been repaid in full, make deposits into the LC Cash Collateral
Account in the remaining amount of such excess to provide cash collateral for the Letter of
Credit Exposure; <U>provided</U> that, Equity Issuance Proceeds received from the following
shall not be subject to this clause (viii): (A)&nbsp;the Equity Offering, (B)&nbsp;any Equity Issuance
made as consideration for Acquisitions permitted under <U>Section&nbsp;6.05(j)</U> below, and
(C)&nbsp;any Equity Issuance made in connection with the redemption, purchase, retirement, or
defeasance, of the Convertible Senior Notes which is permitted under the terms of this
Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Illegality</U>. If any Lender shall notify the Administrative Agent and the Borrower
that any Change in Law makes it unlawful for such Lender or its Applicable Lending Office to
perform its obligations under this Agreement or to make or maintain Eurocurrency Rate Advances then
outstanding hereunder, the Borrower shall, no later than 10:00&nbsp;a.m. (New York time) (i) (A)&nbsp;if not
prohibited by any Legal Requirement to maintain such Eurocurrency Rate Advances for the duration of
the Interest Period, on the last day of the Interest Period for each outstanding Eurocurrency Rate
Advance or (B)&nbsp;if prohibited by any Legal Requirement to maintain such Eurocurrency Rate Advances
for the duration of the Interest Period, on the second Business Day following its receipt of such
notice, prepay all Eurocurrency Rate Advances of all of the Lenders then outstanding, together with
accrued and unpaid interest on the principal amount prepaid to the date of such prepayment and
amounts, if any, required to be paid pursuant to <U>Section&nbsp;2.10</U> as a result of such
prepayment being made on such date, (ii)&nbsp;each Lender shall simultaneously make a Base Rate Advance
or, if not otherwise prohibited, make an Eurocurrency Rate Advance in an amount equal to the
aggregate principal amount of the affected Eurocurrency Rate Advances, and (iii)&nbsp;the right of the
Borrower to select Eurocurrency Rate Advances shall be suspended until such Lender shall notify
Administrative Agent that the circumstances causing such suspension no longer exist. Each Lender
agrees to use commercially reasonable efforts (consistent with its internal policies and subject to
legal and regulatory restrictions) to designate a different Applicable Lending Office if the making
of such designation would avoid the effect of this paragraph and would not, in the reasonable
judgment of such Lender, be otherwise disadvantageous to such Lender.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;<U>Accrued Interest; Ratable Payments; Effect of Notice</U>. Each prepayment pursuant to
this <U>Section&nbsp;2.08</U> shall be accompanied by accrued interest on the amount prepaid to the
date of such prepayment and amounts, if any, required to be paid pursuant to <U>Section&nbsp;2.10</U>
as a result of such prepayment being made on such date. Each payment of any Advance pursuant to
this <U>Section&nbsp;2.08</U> or any other provision of this Agreement shall be made in a manner such
that all Advances comprising part of the same Borrowing are paid in whole or ratably in part. All
notices given pursuant to this <U>Section&nbsp;2.08</U> shall be irrevocable and binding upon the
Borrower.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-51-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;<U>Application of Payments</U>. All prepayments made pursuant to this <U>Section
2.08</U>, other than prepayments made pursuant to <U>Section&nbsp;2.08(c)(i) &#150; (iv),</U> shall be
applied in the following order:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><U>First</U>, ratable prepayments of all LC Advances until all LC Advances are repaid in
full;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><U>Second</U>, ratable prepayments of all Revolving Advances until all such Advances are
repaid in full; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><U>Third</U>, deposits into the LC Cash Collateral Account to provide cash collateral to
the extent of any existing Letter of Credit Exposure.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All prepayments required under <U>Section&nbsp;2.08(c)(i) &#150;(iv) </U>shall be applied as set forth in
such Sections.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.09 <U>Interest</U>. The Borrower shall pay interest on the unpaid principal amount
of each Advance made by each Lender to it from the date of such Advance until such principal amount
shall be paid in full, at the following rates per annum:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Advances</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <U>Base Rate Advances</U>. If such Advance is a Base Rate Advance, a rate per
annum equal to the Adjusted Base Rate <U>plus</U> the Applicable Margin for Base Rate
Advances, payable quarterly in arrears on the last Business Day of each calendar quarter and
on the date such Base Rate Advance shall be paid in full.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <U>Eurocurrency Rate Advances</U>. If such Advance is a Eurocurrency Rate
Advance, a rate per annum equal to the Eurocurrency Rate for such Interest Period
<U>plus</U> the Applicable Margin for Eurocurrency Rate Advances, payable in arrears on the
last day of such Interest Period, and, in the case of Interest Periods of greater than three
months, on each Business Day which occurs at three month intervals from the first day of
such Interest Period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Additional Interest on Eurocurrency Rate Advances</U>. The Borrower shall pay to each
Lender, so long as any such Lender shall be required under regulations of the Federal Reserve Board
to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency
Liabilities, additional interest on the unpaid principal amount of the Eurocurrency Rate Advances
of such Lender, from the effective date of such Advance until such principal amount is paid in
full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i)
the Eurocurrency Rate for the Interest Period for such Advance from (ii)&nbsp;the rate obtained by
dividing such Eurocurrency Rate by a percentage equal to 100% minus the Eurocurrency Rate Reserve
Percentage of such Lender for such Eurocurrency Rate Advances for such Interest Period, payable on
each date on which interest is payable on such Advance. Such additional interest payable to any
Lender shall be determined by such Lender and notified to the Borrower through the Administrative
Agent (such notice to include the calculation of such additional interest, which calculation shall
be conclusive absent manifest error, and be accompanied by any evidence indicating the need for
such additional interest as the Borrower may reasonably request).
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-52-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Usury Recapture</U>. In the event the rate of interest chargeable under this
Agreement at any time (calculated after giving affect to all items charged which constitute
&#147;interest&#148; under applicable Legal Requirements, including fees and margin amounts, if applicable)
is greater than the Maximum Rate, the unpaid principal amount of the Advances shall bear interest
at the Maximum Rate until the total amount of interest paid or accrued on the Advances equals the
amount of interest which would have been paid or accrued on the Advances if the stated rates of
interest set forth in this Agreement had at all times been in effect. In the event, upon payment
in full of the Advances, the total amount of interest paid or accrued under the terms of this
Agreement and the Advances is less than the total amount of interest which would have been paid or
accrued if the rates of interest set forth in this Agreement had, at all times, been in effect,
then the Borrower shall, to the extent permitted by applicable Legal Requirements, pay the
Administrative Agent for the account of the Lenders an amount equal to the difference between (i)
the lesser of (A)&nbsp;the amount of interest which would have been charged on its Advances if the
Maximum Rate had, at all times, been in effect and (B)&nbsp;the amount of interest which would have
accrued on its Advances if the rates of interest set forth in this Agreement had at all times been
in effect and (ii)&nbsp;the amount of interest actually paid under this Agreement on its Advances. In
the event the Lenders ever receive, collect or apply as interest any sum in excess of the Maximum
Rate, such excess amount shall, to the extent permitted by law, be applied to the reduction of the
principal balance of the Advances, and if no such principal is then outstanding, such excess or
part thereof remaining shall be paid to the Borrower. In determining whether the interest
contracted for, charged, or received by a Lender exceeds the Maximum Rate, such Person may, to the
extent permitted by applicable Legal Requirements, (a)&nbsp;characterize any payment that is not
principal as an expense, fee, or premium rather than interest, (b)&nbsp;exclude voluntary prepayments
and the effects thereof, and (c)&nbsp;amortize, prorate, allocate, and spread in equal or unequal parts
the total amount of interest throughout the contemplated term of the Obligations hereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Default Interest</U>. Upon the occurrence and during the continuance of an Event of
Default, the Borrower shall on demand from time to time pay interest, to the extent permitted by
law, on any outstanding amounts to but excluding the date of actual payment (after as well as
before judgment) at the Default Rate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>Retroactive Adjustments of Applicable Margin</U>. In the event that any financial
statement or Compliance Certificate delivered pursuant to <U>Section&nbsp;5.06</U> is shown to be
inaccurate (regardless of whether this Agreement or the Commitments are in effect when such
inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of
a higher Applicable Margin for any period (an &#147;<U>Applicable Period</U>&#148;) than the Applicable
Margin applied for such Applicable Period, then (i)&nbsp;the Borrower shall immediately deliver to the
Administrative Agent a corrected Compliance Certificate for such Applicable Period, (ii)&nbsp;the
Applicable Margin shall be determined as if the higher Applicable Margin that would have applied
were applicable for such Applicable Period (and in any event at Level 4 if the inaccuracy was the
result of dishonesty, fraud or willful misconduct), and (iii)&nbsp;the Borrower shall immediately,
without further action by the Administrative Agent, any Lender or the Issuing Bank, pay to the
Administrative Agent for the account of the applicable Lenders, the accrued additional interest
owing as a result of such increased Applicable Margin for such Applicable Period. This <U>Section
2.09(e)</U> shall not limit the rights of the Administrative Agent and Lenders with respect to
<U>Section </U> <U>2.09(d)</U> and Article&nbsp;VII. The Borrower&#146;s obligations under this <U>Section
2.09(e)</U> shall survive the termination of the Commitments and the repayment of all other
Obligations hereunder.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-53-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.10 <U>Breakage Costs</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Funding Losses</U>. In the case of any Borrowing which the related Notice of
Borrowing specifies is to be comprised of Eurocurrency Rate Advances, the Borrower hereby
indemnifies, and agrees to indemnify, each Lender against any loss, out-of-pocket cost, or expense
incurred by such Lender as a result of any failure to fulfill on or before the date specified in
such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article&nbsp;III,
including, without limitation, any loss (excluding any loss of anticipated profits), cost, or
expense incurred by reason of the liquidation or redeployment of deposits or other funds acquired
by such Lender to fund the Eurocurrency Rate Advance to be made by such Lender as part of such
Borrowing when such Eurocurrency Rate Advance, as a result of such failure, is not made on such
date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Prepayment Losses</U>. If (i)&nbsp;any payment of principal of any Eurocurrency Rate
Advance is made other than on the last day of the Interest Period for such Advance as a result of
any prepayment, payment pursuant to <U>Section&nbsp;2.08</U>, the acceleration of the maturity of the
Obligations, or for any other reason, (ii)&nbsp;the Borrower fails to make a principal or interest
payment with respect to any Eurocurrency Rate Advance on the date such payment is due and payable,
or (iii)&nbsp;any failure by the Borrower to make payment of any Advance or reimbursement of drawing
under any Letter of Credit (or interest due thereon) denominated in a Foreign Currency on its
scheduled due date or any payment thereof in a different currency; the Borrower shall, within 3
Business Days of any written demand sent by the Administrative Agent on behalf of a Lender to the
Borrower, pay to the Administrative Agent for the benefit of such Lender any amounts determined by
such Lender to be required to compensate such Lender for any additional losses, out-of-pocket
costs, or expenses which it may reasonably incur as a result of such payment or nonpayment,
including, without limitation, any loss, cost, or expense incurred by reason of the liquidation or
reemployment of deposits or other funds acquired by any Lender to fund or maintain such Advance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Certificate</U>. A certificate of any Lender setting forth any amount or amounts that
such Lender is entitled to receive pursuant to this Section shall be delivered to the Borrower and
the Administrative Agent and shall be conclusive absent manifest error.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.11 <U>Increased Costs</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Increased Costs Generally</U>. If any Change in Law shall:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan,
insurance charge or similar requirement against assets of, deposits with or for the account
of, or credit extended or participated in by, any Lender (except any reserve requirement
reflected in the Eurocurrency Rate Reserve Percentage), or the Issuing Bank;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) subject any Lender or the Issuing Bank to any tax of any kind whatsoever with
respect to this Agreement, any Letter of Credit, any participation in a Letter of
Credit or any Eurocurrency Rate Advance made by it, or change the basis of taxation of
payments to such Lender or the Issuing Bank in respect thereof (except for Indemnified Taxes
or Other Taxes covered by <U>Section&nbsp;2.13</U> and the imposition of, or any change in the
rate of, any Excluded Tax payable by such Lender or the Issuing Bank); or
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-54-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) impose on any Lender, the Issuing Bank, or the London interbank market any other
condition, cost or expense affecting this Agreement or Eurocurrency Rate Advances made by
such Lender, the Issuing Bank, or any Letter of Credit or participation therein;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">and the result of any of the foregoing shall be to increase the cost to such Lender of
making or maintaining any Eurocurrency Rate Advance (or of maintaining its obligation to
make any such Advance), or to increase the cost to such Lender or the Issuing Bank of
participating in, issuing or maintaining any Letter of Credit (or of maintaining its
obligation to participate in or to issue any Letter of Credit), or to reduce the amount of
any sum received or receivable by such Lender or the Issuing Bank (whether of principal,
interest or any other amount) then, upon request of such Lender or the Issuing Bank, the
Borrower will pay to such Lender or the Issuing Bank, as the case may be, such additional
amount or amounts as will compensate such Lender or the Issuing Bank, as the case may be,
for such additional costs incurred or reduction suffered.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Capital Requirements</U>. If any Lender or the Issuing Bank determines that any Change
in Law affecting such Lender or the Issuing Bank or any lending office of such Lender or the
Issuing Bank or such Lender&#146;s or the Issuing Bank&#146;s holding company, if any, regarding capital
requirements has or would have the effect of reducing the rate of return on such Lender&#146;s or the
Issuing Bank&#146;s capital or on the capital of such Lender&#146;s or the Issuing Bank&#146;s holding company, if
any, as a consequence of this Agreement, the Commitments of such Lender or the Advances made by, or
participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by the
Issuing Bank, to a level below that which such Lender or the Issuing Bank or such Lender&#146;s or the
Issuing Bank&#146;s holding company could have achieved but for such Change in Law (taking into
consideration such Lender&#146;s or the Issuing Bank&#146;s policies and the policies of such Lender&#146;s or the
Issuing Bank&#146;s holding company with respect to capital adequacy), then from time to time the
Borrower will pay to such Lender or the Issuing Bank, as the case may be, such additional amount or
amounts as will compensate such Lender or the Issuing Bank or such Lender&#146;s or the Issuing Bank&#146;s
holding company for any such reduction suffered.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Certificates for Reimbursement</U>. A certificate of a Lender or the Issuing Bank
setting forth the amount or amounts necessary to compensate such Lender or the Issuing Bank or any
of their respective holding companies, as the case may be, as specified in paragraph (a)&nbsp;or (b)&nbsp;of
this Section and delivered to the Borrower shall be conclusive absent manifest error. The Borrower
shall pay such Lender or the Issuing Bank, as the case may be, the amount shown as due on any such
certificate within 10&nbsp;days after receipt thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Delay in Requests</U>. Failure or delay on the part of any Lender or the Issuing Bank
to demand compensation pursuant to this Section shall not constitute a waiver of such Lender&#146;s or
the Issuing Bank&#146;s right to demand such compensation, <U>provided</U> that the Borrower shall not
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-55-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">be required to compensate a Lender or the Issuing Bank pursuant to this Section for any
increased costs incurred or reductions suffered more than nine months prior to the date that such
Lender or the Issuing Bank, as the case may be, notifies the Borrower of the Change in Law giving
rise to such increased costs or reductions and of such Lender&#146;s or the Issuing Bank&#146;s intention to
claim compensation therefor (except that, if the Change in Law giving rise to such increased costs
or reductions is retroactive, then the nine-month period referred to above shall be extended to
include the period of retroactive effect thereof).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.12 <U>Payments and Computations</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Payment Procedures</U>. The Borrower shall make each payment under this Agreement not
later than 12:00 noon (New York time) on the day when due to the Administrative Agent at the
Administrative Agent&#146;s Applicable Lending Office in immediately available funds. Each Advance
shall be repaid and each payment of interest thereon shall be paid in Dollars. All payments shall
be made without setoff, deduction, or counterclaim. The Administrative Agent will promptly
thereafter, and in any event prior to the close of business on the day any timely payment is made,
cause to be distributed like funds relating to the payment of principal, interest or fees ratably
to the Lenders (other than amounts payable solely to the Administrative Agent, or a specific Lender
pursuant to <U>Section&nbsp;2.06</U>, <U>2.10</U>, <U>2.11</U> or <U>2.13</U>, but after taking into
account payments effected pursuant to <U>Section&nbsp;7.05</U>) in accordance with each Lender&#146;s
Applicable Percentage to the Lenders for the account of their respective Applicable Lending
Offices, and like funds relating to the payment of any other amount payable to any Lender to such
Lender for the account of its Applicable Lending Offices, in each case to be applied in accordance
with the terms of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Computations</U>. All computations of interest based on the Prime Rate shall be made
by the Administrative Agent on the basis of a year of 365 or 366&nbsp;days, as the case may be, and all
computations of interest based on the Federal Funds Effective Rate or the Eurocurrency Rate and of
fees shall be made by the Administrative Agent, on the basis of a year of 360&nbsp;days, in each case
for the actual number of days (including the first day, but excluding the last day) occurring in
the period for which such interest or fees are payable. Each determination by the Administrative
Agent of an interest rate shall be conclusive and binding for all purposes, absent manifest error.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Non-Business Day Payments</U>. Whenever any payment shall be stated to be due on a
day other than a Business Day, such payment shall be made on the next succeeding Business Day, and
such extension of time shall in such case be included in the computation of payment of interest or
fees, as the case may be.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Agent Reliance</U>. Unless the Administrative Agent shall have received notice from
the Borrower prior to the date on which any payment is due to the Administrative Agent for the
account of the Lenders, the Lenders or the Issuing Bank hereunder that the Borrower will not make
such payment, the Administrative Agent may assume that the Borrower has made such payment on such
date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or
the Issuing Bank, as the case may be, the amount due. In such event, if the Borrower has not in
fact made such payment, then each of the Lenders or the Issuing Bank, as the case may be, severally
agrees to repay to the Administrative Agent forthwith on demand
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-56-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the amount so distributed to such Lender or the Issuing Bank, in Same Day Funds with interest
thereon, for each day from and including the date such amount is distributed to it to but excluding
the date of payment to the Administrative Agent, at the Overnight Rate. A notice of the
Administrative Agent to any Lender or Borrower with respect to any amount owing under this clause
(d)&nbsp;shall be conclusive, absent manifest error
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.13 <U>Taxes</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Payments Free of Taxes</U>. Any and all payments by or on account of any obligation of
any Loan Party hereunder or under any other Loan Document shall be made free and clear of and
without reduction or withholding for any Indemnified Taxes or Other Taxes, <U>provided</U> that if
any Loan Party shall be required by any Legal Requirement to deduct any Indemnified Taxes
(including any Other Taxes) from such payments, then (i)&nbsp;the sum payable shall be increased as
necessary so that after making all required deductions (including deductions applicable to
additional sums payable under this Section) the Administrative Agent, such Lender or the Issuing
Bank, as the case may be, receives an amount equal to the sum it would have received had no such
deductions been made, (ii)&nbsp;the Borrower shall make such deductions and (iii)&nbsp;the Borrower shall
timely pay the full amount deducted to the relevant Governmental Authority in accordance with Legal
Requirements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Payment of Other Taxes by the Borrower</U>. Without limiting the provisions of
paragraph (a)&nbsp;above, the Borrower shall timely pay any Other Taxes to the relevant Governmental
Authority in accordance with Legal Requirements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Indemnification by the Borrower</U>. The Borrower shall indemnify the Administrative
Agent, each Lender and the Issuing Bank, within 10&nbsp;days after demand therefor, for the full amount
of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or
asserted on or attributable to amounts payable under this Section) paid by the Administrative
Agent, such Lender or the Issuing Bank, as the case may be, and any penalties, interest and
reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified
Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by
a Lender or the Issuing Bank (with a copy to the Administrative Agent), or by the Administrative
Agent on its own behalf or on behalf of a Lender or the Issuing Bank, shall be conclusive absent
manifest error.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Evidence of Payments</U>. As soon as practicable after any payment of Indemnified
Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the
Administrative Agent the original or a certified copy of a receipt issued by such Governmental
Authority evidencing such payment, a copy of the return reporting such payment or other evidence of
such payment reasonably satisfactory to the Administrative Agent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;<U>Status of Lenders</U>. Any Foreign Lender that is entitled to an exemption from or
reduction of withholding tax under the law of the jurisdiction in which the Borrower is resident
for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments
hereunder or under any other Loan Document shall deliver to the Borrower (with a copy to the
Administrative Agent), at the time or times prescribed by Legal Requirements or reasonably
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->-57-<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">requested by the Borrower or the Administrative Agent, such properly completed and executed
documentation prescribed by Legal Requirements as will permit such payments to be made without
withholding or at a reduced rate of withholding. In addition, any Lender or the Issuing Bank if
requested by the Borrower or the Administrative Agent, shall deliver such other documentation
prescribed by Legal Requirements or reasonably requested by the Borrower or the Administrative
Agent as will enable the Borrower or the Administrative Agent to determine whether or not such
Lender or the Issuing Bank is subject to backup withholding or information reporting requirements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Without limiting the generality of the foregoing, each Lender agrees to deliver to the
Borrower and the Administrative Agent applicable forms, certificates or documents, including
Internal Revenue Service Form W-9, as may be required under the Code or other Legal Requirements as
a condition to exemption from, or reduction of, United States withholding or
backup withholding tax. Each Foreign Lender shall deliver to the Borrower and the
Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior
to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to
time thereafter upon the request of the Borrower or the Administrative Agent, but only if such
Foreign Lender is legally entitled to do so), whichever of the following is applicable:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) two duly completed copies of Internal Revenue Service Form W-8BEN or Internal
Revenue Service Form W-8IMY (with applicable attachments) claiming eligibility for benefits
of an income tax treaty to which the United States of America is a party,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) two duly completed copies of Internal Revenue Service Form W-8ECI,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) in the case of a Foreign Lender claiming the benefits of the exemption for
portfolio interest under Section 871(h) or 881(c) of the Code, (x)&nbsp;a certificate to the
effect that such Foreign Lender is not (A)&nbsp;a &#147;bank&#148; within the meaning of Section
881(c)(3)(A) of the Code, (B)&nbsp;a &#147;10&nbsp;percent shareholder&#148; of the Borrower within the meaning
of Section&nbsp;881(c)(3)(B) of the Code, or (C)&nbsp;a &#147;controlled foreign corporation&#148; described in
Section&nbsp;881(c)(3)(C) of the Code and (y)&nbsp;two duly completed copies of Internal Revenue
Service Form W-8BEN or Internal Revenue Service Form W-8IMY (with applicable attachments),
or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any other form prescribed by Legal Requirements as a basis for claiming exemption
from or a reduction in United States Federal withholding tax duly completed together with
such supplementary documentation as may be prescribed by Legal Requirements to permit the
Borrower to determine the withholding or deduction required to be made.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;<U>Treatment of Certain Refunds</U>. If the Administrative Agent, a Lender or the Issuing
Bank determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes
as to which it has been indemnified by the Borrower or with respect to which the Borrower have paid
additional amounts pursuant to this Section, it shall pay to the Borrower an amount equal to such
refund (but only to the extent of indemnity payments made, or additional amounts paid, by the
Borrower under this Section with respect to the Taxes or Other Taxes
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-58-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent, such Lender or the Issuing Bank, as
the case may be, and without interest (other than any interest paid by the relevant Governmental
Authority with respect to such refund), <U>provided</U> that the Borrower, upon the request of the
Administrative Agent, such Lender or the Issuing Bank, agrees to repay the amount paid over to the
Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental
Authority) to the Administrative Agent, such Lender or the Issuing Bank in the event the
Administrative Agent, such Lender or the Issuing Bank is required to repay such refund to such
Governmental Authority. This paragraph shall not be construed to require the Administrative Agent,
any Lender or the Issuing Bank to make available its tax returns (or any other information relating
to its taxes that it deems confidential) to the Borrower or any other Person.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.14 <U>Sharing of Payments, Etc</U>. If any Lender shall, by exercising any right
of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest
on any of its Advances or other obligations hereunder resulting in such Lender&#146;s receiving payment
of a proportion of the aggregate amount of its Advances and accrued interest thereon or other such
obligations greater than its Applicable Percentage, then the Lender receiving such greater
proportion shall (a)&nbsp;notify the Administrative Agent of such fact, and (b)&nbsp;purchase (for cash at
face value) participations in the Advances and such other obligations of the other Lenders, or make
such other adjustments as shall be equitable, so that the benefit of all such payments shall be
shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued
interest on their respective Advances and other amounts owing them, <U>provided</U> that: (i)&nbsp;if
any such participations are purchased and all or any portion of the payment giving rise thereto is
recovered, such participations shall be rescinded and the purchase price restored to the extent of
such recovery, without interest; and (ii)&nbsp;the provisions of this paragraph shall not be construed
to apply to (x)&nbsp;any payment made by the Borrower pursuant to and in accordance with the express
terms of this Agreement or (y)&nbsp;any payment obtained by a Lender as consideration for the assignment
of or sale of a participation in any of its Advances or participations in Letters of Credit to any
assignee or participant, other than to the Borrower or any Subsidiary thereof (as to which the
provisions of this paragraph shall apply). Each Loan Party consents to the foregoing and agrees,
to the extent it may effectively do so under Legal Requirements, that any Lender acquiring a
participation pursuant to the foregoing arrangements may exercise against each Loan Party rights of
setoff and counterclaim with respect to such participation as fully as if such Lender were a direct
creditor of each Loan Party in the amount of such participation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.15 <U>Applicable Lending Offices</U>. Each Lender may book its Advances at any
Applicable Lending Office selected by such Lender and may change its Applicable Lending Office from
time to time. All terms of this Agreement shall apply to any such Applicable Lending Office and
the Advances shall be deemed held by each Lender for the benefit of such Applicable Lending Office.
Each Lender may, by written notice to the Administrative Agent and the Borrower designate
replacement or additional Applicable Lending Offices through which Advances will be made by it and
for whose account repayments are to be made.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-59-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.16 <U>Replacement of Lenders</U>. If a Lender (a &#147;<U>Non-Consenting Lender</U>&#148;)
refuses to consent to an amendment, modification or waiver of this Agreement that, pursuant to
<U>Section&nbsp;10.01</U>, requires consent of each Lender affected thereby or that requires the
consent of all Lenders or all Lenders, so long as (a)&nbsp;no Event of Default shall have occurred and
be continuing and the Borrower has obtained a commitment from another Lender or an Eligible
Assignee to purchase at par the Non-Consenting Lender&#146;s Advances and assume the Non-Consenting
Lender&#146;s Commitments and all other obligations of the Non-Consenting Lender hereunder and (b)&nbsp;such
Lender is not an Issuing Bank with respect to any Letters of Credit outstanding (unless all such
Letters of Credit are terminated or arrangements acceptable to such Issuing Bank (such as a
&#147;back-to-back&#148; letter of credit) are made), the Borrower may require the Non-Consenting Lender to
assign all of its Advances and Commitments to such other Lender, Lenders, Eligible Assignee or
Eligible Assignees pursuant to the provisions of <U>Section&nbsp;10.06</U>; provided that, prior to or
concurrently with such replacement, (i)&nbsp;the Non-Consenting Lender shall have received payment in
full of all principal, interest, fees and other amounts (including all amounts under <U>Sections
2.10</U> and/or <U>2.13</U> (if applicable)) through such date of replacement, (ii)&nbsp;all of the
requirements for such assignment contained in <U>Section&nbsp;10.06</U>, including, without
limitation, the consent of Administrative Agent (if required) and the receipt by Administrative
Agent of an executed Assignment and Acceptance executed by the assignee (Administrative Agent being
hereby authorized to execute any Assignment and Acceptance on behalf of a Non-Consenting Lender
relating to the assignment of Advances and Commitments of such Non-Consenting Lender) and other
supporting documents, have been fulfilled, (iii)&nbsp;each assignee shall consent, at the time of such
assignment, to each matter in respect of which such Non-Consenting Lender refused to consent, amend
or waive, and (iv)&nbsp;no more than 25% of the aggregate Commitments can be assigned to such other
Lenders or Eligible Assignees pursuant to this <U>Section&nbsp;2.16</U> at any one time.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE III</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>CONDITIONS OF LENDING</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.01 <U>Initial Conditions Precedent</U>. The obligations of each Lender to make its
initial Advance and the Issuing Bank to issue any initial Letter of Credit, including the deemed
issuance of the Existing Letters of Credit, shall be subject to the conditions precedent that:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Documentation</U>. On or before the day on which the initial Borrowing is made or the
initial Letter of Credit is issued (or deemed issued), the Administrative Agent and the Lenders
shall have received the following, each dated on or before such day, duly executed by all the
parties thereto, each in form and substance satisfactory to the Administrative Agent and the
Lenders:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) this Agreement and all attached Exhibits and Schedules;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any Note requested by a Lender pursuant to <U>Section&nbsp;2.04</U> payable to the
order of such requesting Lender in the amount of its Commitment;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) except as otherwise provided in <U>Section&nbsp;5.16</U>, a Security Agreement
executed by each Loan Party, together with UCC-1 financing statements and any other
documents, agreements or instruments necessary to create an Acceptable Security Interest in
the Collateral described therein;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-60-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) to the extent set forth on <U>Schedule&nbsp;3.01(a)(iv)</U>, a Pledge Agreement
executed by each Person that has an Equity Interest in a Loan Party pledging to the
Administrative Agent for the benefit of the Secured Parties all of the Equity Interests of
such Person in such Loan Party, together with certificates, powers executed in blank, UCC-1
financing statements and any other documents, agreements or instruments necessary to create
an Acceptable Security Interest in such Equity Interests;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) except as otherwise provided in <U>Section&nbsp;5.16</U> and as indicated on
<U>Schedule&nbsp;1.01(c)</U>, the Mortgages (or appropriate amendments or supplements thereto),
together with any other documents, agreements or instruments necessary to create and
continue an Acceptable Security Interest in such Mortgaged Properties;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) an Account Control Agreement among the applicable Loan Party, the Collateral Agent
and each financial institution identified on <U>Schedule&nbsp;4.17</U> (other than the
Collateral Agent) except to the extent an account control agreement is not required to
perfect the Collateral Agent&#146;s Lien under applicable law;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) a certificate dated as of the Closing Date from a Responsible Officer of the
Borrower stating that (A)&nbsp;all representations and warranties of the Loan Parties set forth
in this Agreement and in the other Loan Documents to which it is a party are true and
correct in all material respects; (B)&nbsp;no Default has occurred and is continuing; and (C)&nbsp;the
conditions in this <U>Section&nbsp;3.01</U> have been met;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) copies of the certificate or articles of incorporation or other equivalent
Organization Document, including all amendments thereto, of each Loan Party, certified by
the Secretary of State (or equivalent governmental officer) of the state or jurisdiction of
its organization;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) a certificate of the Secretary or Assistant Secretary of each Loan Party dated the
Closing Date and certifying (A)&nbsp;that attached thereto is a true and complete copy of the
Organization Documents of such Loan Party as in effect on the Closing Date and at all times
since a date prior to the date of the resolutions described in clause (B)&nbsp;below, (B)&nbsp;that
attached thereto is a true and complete copy of resolutions duly adopted by the Board of
Directors of such Loan Party authorizing the execution, delivery and performance of the Loan
Documents to which such Loan Party is a party and, in the case of the Borrower, the
borrowings hereunder, and that such resolutions have not been modified, rescinded or amended
and are in full force and effect, (C)&nbsp;that the certificate or articles of incorporation or
other equivalent Organization Documents of such Loan Party have not been amended since the
date of the last amendment thereto shown on the certified copy thereof furnished pursuant to
clause (vii)&nbsp;above, and (D)&nbsp;as to the incumbency and specimen signature of each officer
executing any Loan Document, Notices of Borrowing or any other document delivered in
connection herewith on behalf of such Loan Party;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) a certificate of another officer of each Loan Party as to the incumbency and
specimen signature of the Secretary or Assistant Secretary executing the certificate
pursuant to (viii)&nbsp;above;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-61-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) certificates from the appropriate Governmental Authority certifying as to the good
standing, existence and authority of each Loan Party in the jurisdiction of its
incorporation or formation and, to the extent the failure to so qualify could reasonably be
expected to have a Material Adverse Effect, any other jurisdiction where its ownership or
lease of Property or conduct of its business requires it to be qualified;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) a favorable opinion dated as of the Closing Date of Conners &#038; Winters, LLP,
counsel to the Loan Parties;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) a favorable opinion dated as of the Closing Date from local counsel located in
Panama and Canada;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) a certificate from a Financial Officer of the Parent dated as of the Closing Date
addressed to the Administrative Agent and each of the Lenders certifying that, before and
after giving effect to the initial Borrowing contemplated hereunder, the Parent and each
other Loan Party is Solvent (assuming with respect to each Guarantor, that the fraudulent
conveyance savings language contained in Section&nbsp;8.16 and 8.17 applicable to such Guarantor
will be given full effect);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) a certificate from a Financial Officer of the Parent addressed to the
Administrative Agent and each of the Lenders, which shall be in form and in substance
reasonably satisfactory to the Administrative Agent, certifying that as of the Closing Date
the Projections prepared by the Parent and provided to the Administrative Agent were
prepared in good faith based on reasonable assumptions in light of the information
reasonably available to such officer at the time such Projections were made and describing
any changes in such information and stating that such changes could not, individually or in
the aggregate, reasonably be expected to have a Material Adverse Effect;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) a copy of, or a certificate as to coverage under, the insurance policies required
by <U>Section&nbsp;5.04</U> and the applicable provisions of the Security Documents, each of
which shall be endorsed or otherwise amended to include a customary lender&#146;s loss payable
endorsement and to name the Collateral Agent as an additional insured as required by
<U>Section&nbsp;4.13(c);</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) acknowledgment from C T Corporation System as of the Closing Date with respect
to its irrevocable appointment by each Loan Party pursuant to <U>Section&nbsp;10.13(b)</U>; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) such other documents, governmental certificates and agreements as the
Administrative Agent or any Lender may reasonably request.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Payment of Fees</U>. On the Closing Date, the Borrower shall have paid the fees
required to be paid to the Administrative Agent, the Arranger, and the Lenders on the Closing Date,
including, without limitation, the fees set forth in the Fee Letters and all other costs and
expenses which have been invoiced and are payable pursuant to <U>Section&nbsp;10.04</U>.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-62-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Due Diligence; Corporate Structure</U>. The Administrative Agent and the Lenders
shall have completed a satisfactory due diligence review of the assets, liabilities, business,
operations and condition (financial or otherwise) of the Parent and its Subsidiaries, and all
legal, financial, accounting, governmental, tax and regulatory matters, and fiduciary aspects of
the proposed financing and the terms and conditions of all material obligations of the Loan
Parties. The documentation reflecting the ownership, capital, corporate, tax, organizational and
legal structure of the Loan Parties shall be acceptable to the Administrative Agent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Security Documents; UCC Searches</U>. The Collateral Agent shall have received all
appropriate evidence required by the Collateral Agent in its sole discretion necessary to determine
that arrangements have been made for the Collateral Agent for the benefit of Secured Parties to
have an Acceptable Security Interest in the Collateral, including, without limitation, (i)
the delivery to the Collateral Agent of such financing statements (or amendments) under the
UCC for filing in such jurisdictions as the Collateral Agent may require, (ii)&nbsp;lien, tax and
judgment searches conducted on the Loan Parties reflecting no Liens other than Permitted Liens
against any of the Collateral as to which perfection of a Lien is accomplished by the filing of a
financing statement, (iii)&nbsp;lien releases with respect to any Collateral currently subject to a Lien
other than Permitted Liens unless such Liens are assigned to or otherwise held by the Collateral
Agent; (iv)&nbsp;ALTA lender&#146;s title insurance policies issued by title insurers reasonably satisfactory
to the Agent (the &#147;<U>Mortgage Policies</U>&#148;) in form and substance and in amounts reasonably
satisfactory to the Agent assuring the Agent that the Mortgages are valid and enforceable first
priority mortgage liens on the respective Mortgaged Property located in the State of Texas, free
and clear of all defects and encumbrances except Excepted Liens; (v)&nbsp;current surveys, certified by
a licensed surveyor, for all real property located in the State of Texas that is the subject of the
Mortgage Policies for which a Mortgage Policy is issued; and (vi)&nbsp;Security Documents and other
documents necessary to obtain an Acceptable Security Interest in the Equity Interests held by a
Loan Party in, to the extent permitted by local law and its Organization Documents, The Oman
Construction Company, LLC; and in the Equity Interests of the Borrower, Willbros Canada Holdings
Limited and its Material Subsidiaries, together with a favorable opinion reasonably satisfactory to
the Collateral Agent from local counsel located in The Netherlands.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;<U>Financial Statements</U>. The Administrative Agent and the Lenders shall have
received true and correct copies of (i)&nbsp;the Audited Financial Statements, (ii)&nbsp;the Interim
Financial Statements, (iii)&nbsp;the audited and unaudited financial statements for the InServ and its
Subsidiaries dated as of December&nbsp;31, 2006 and as of June&nbsp;30, 2007, respectively, (iv)&nbsp;the
Projections and (v)&nbsp;such other financial information as the Administrative Agent may reasonably
request.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;<U>Termination of Existing Credit Facility</U>. The Administrative Agent shall have
received sufficient evidence indicating that simultaneously with the making of the initial
Revolving Advances hereunder (i)&nbsp;the obligations of the Loan Parties and its lenders under the
Existing Credit Facility shall be terminated (including, without limitation, any obligations of the
Parent or any Subsidiary thereof in respect of guaranties and security agreements executed in
connection with such Existing Credit Facility (but excluding any obligations which expressly
survive the repayment of the amounts owing under the Existing Credit Facility)), (ii)&nbsp;acceptable
provisions have been made for the termination or assignment in favor of the Collateral Agent for
the benefit of the Lenders, of the Liens existing in respect of the Existing Credit Facility and
(iii)&nbsp;any letters of credit issued pursuant to the Existing Credit Facility shall have been either
replaced
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-63-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">or shall be supported by a Letter of Credit issued hereunder or deemed to be a Letter of
Credit issued hereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;<U>Authorizations and Approvals</U>. The Borrower shall have received all consents,
licenses and approvals required in accordance with applicable Legal Requirements, or in accordance
with any document, agreement, instrument or arrangement to which any Loan Party, InServ Parties or
any of their respective Subsidiaries is a party, in connection with the execution, delivery,
performance, validity and enforceability of this Agreement, the other Loan Documents and the InServ
Acquisition Instruments. In addition, the Loan Parties, InServ, and their respective Subsidiaries
shall have all such material consents, licenses and approvals required in connection with the
continued operation of the Loan Parties, InServ and their respective Subsidiaries, and such
approvals shall be in full force and effect, and all applicable waiting
periods shall have expired without any action being taken or threatened by any competent
authority which would restrain, prevent or otherwise impose adverse conditions on this Agreement
and the actions contemplated hereby.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;<U>No Proceeding or Litigation; No Injunctive Relief</U>. Except for the SEC/DOJ
Investigation and except as otherwise set forth in <U>Schedule&nbsp;4.07</U>, no action, suit,
investigation or other proceeding (including, without limitation, the enactment or promulgation of
a statute or rule) by or before any arbitrator or any Governmental Authority shall be threatened or
pending and no preliminary or permanent injunction or order by a state or federal court shall have
been entered (i)&nbsp;in connection with this Agreement or any transaction contemplated hereby or (ii)
which, in any case, in the reasonable judgment of the Lenders, could reasonably be expected to
cause a Material Adverse Effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;<U>No Default</U>. No Default shall have occurred and be continuing or would result from
such Advance or from the application of the proceeds therefrom.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;<U>Conditions to InServ Acquisition</U>. The Administrative Agent shall have received
evidence satisfactory to it that all actions necessary to consummate the InServ Acquisition (other
than the payment of the purchase price) shall have been taken in accordance with all applicable and
in accordance with the terms of each InServ Acquisition Instrument, without amendment or waiver of
any material provision thereof from the forms of the InServ Acquisition Instruments provided to and
reviewed by the Arranger.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;<U>No Material Adverse Change</U>. Since December&nbsp;31, 2006, there shall have been no
material adverse change in the condition (financial or otherwise), results of operations, assets,
properties, business or prospects of (i)&nbsp;the Parent and its Subsidiaries, taken as a whole or (ii)
InServ and its Subsidiaries, taken as a whole; <U>provided, however</U>, that entry of the SEC/DOJ
Settlement shall not constitute or be deemed to have resulted in a material adverse change.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;<U>Equity Offering; Equity Contribution to Borrower</U>. The Administrative Agent shall
have received evidence satisfactory to it that the Parent shall have completed (or shall,
concurrently with the closing of this Agreement, complete) the Equity Offering resulting in Equity
Issuance Proceeds of not less than $100,000,000 and the Parent shall have contributed (or shall,
concurrently with the closing of this Agreement, contribute) at least $100,000,000 of such Equity
Issuance Proceeds to the Borrower.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-64-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;<U>Patriot Act Disclosures</U>. Prior to the Closing Date, the Administrative Agent and
each Lender shall have received all documentation and other information that such Lender shall have
requested in order to comply with its obligations under applicable &#147;know your customer&#148; and
anti-money laundering rules and regulations, including the USA Patriot Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;<U>Copies of InServ Acquisition Instruments</U>. The Administrative Agent shall have
received copies of all InServ Acquisition Instruments without amendment or waiver of any material
provision thereof (except as consented to by the Administrative Agent which consent shall not be
unreasonably withheld or delayed), certified by a Responsible Officer of the Borrower as true,
correct and complete in all material respects.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)&nbsp;<U>InServ Assets as Collateral</U>. The Agents shall have received all appropriate
evidence required by the Agents in their sole discretion necessary to determine that arrangements
have been made for the Collateral Agent for the benefit of Secured Parties to have, concurrently
with or immediately upon the closing and funding of the InServ Acquisition, an Acceptable Security
Interest in the assets of InServ and its Material Subsidiaries to the extent required under
<U>Section&nbsp;5.12</U> but subject to Section&nbsp;5.16, including without limitation, (i)&nbsp;the delivery to
the Collateral Agent of such financing statements (or amendments) under the Uniform Commercial Code
for filing in such jurisdictions as the Collateral Agent may require, (ii)&nbsp;lien, tax and judgment
searches conducted on InServ and its Subsidiaries in the applicable filing offices reflecting no
Liens other than Permitted Liens and Liens addressed in the last sentence of this clause (c), (iii)
lien releases with respect to any Collateral currently subject to a Lien other than Permitted Liens
other than Liens addressed in the last sentence of this clause (c), (iv)&nbsp;a supplement to this
Agreement acceptable to the Administrative Agent whereby such Persons shall become a Guarantor, (v)
documents of the type referred to in clauses <U>Section&nbsp;3.01(a)(ix)</U>, <U>(x)</U>, <U>(xi)</U>
and <U>(xii)</U> and favorable opinions of counsel to such Person (which shall cover, among other
things, the legality, validity, binding effect and enforceability of the documentation referred to
in clause (i)), all in form, content and scope reasonably satisfactory to the Administrative Agent,
(vi)&nbsp;a security agreement or supplement to an existing Security Agreement to pledge all or
substantially all personal property assets of such Persons to secure the Obligations, and (vii)
supplements to existing Pledge Agreements in form, content and scope reasonably satisfactory to the
Administrative Agent whereby the equity holder of InServ shall pledge 100% of its interests in the
Equity Interest of InServ to secure the Obligations, along with share pledged, if certificated.
Furthermore, the Collateral Agent shall have received payoff letters or other evidence, in any
event, satisfactory to it that all Debt secured by liens which encumber any of the Properties of
InServ or any of its respective Subsidiaries have been, or concurrently with the closing and
funding of the InServ Acquisition, will be paid in full and provisions have been made, in form and
substance satisfactory to the Collateral Agent, for the termination and release of all Liens
securing payment of any such Debt, interest, prepayment premiums or other amounts
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)&nbsp;<U>Additional Information</U>. The Administrative Agent shall have received such
additional information which the Administrative Agent or any Lender shall have reasonably requested
prior to the Closing Date, and such information shall be reasonably satisfactory in form and
substance to the Administrative Agent and its counsel.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-65-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.02 <U>Conditions Precedent to Each Advance</U>. The obligation of the Issuing Bank
to issue, extend or increase Letters of Credit, including without limitation, the Existing Letters
of Credit deemed issued on the Closing Date, and the obligation of the Lenders to make Revolving
Advances to the Borrower shall be subject to the further conditions precedent that on and as of the
date of such proposed Issuance Event or Borrowing Date (and each Letter of Credit Request or Notice
of Borrowing, as applicable, shall constitute a representation and warranty by the Borrower that on
the date of such Issuance Event or Borrowing Date, as applicable, such statements are true):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;the representations and warranties of the Loan Parties contained in Article&nbsp;IV and in each
other Loan Document are correct on and as of the date of such Issuance Event or
Borrowing Date before and after giving effect to such Issuance Event or the making of such
Revolving Advances as though made on, and as of such date; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;no Default or Event of Default has occurred and is continuing or would result from such
Issuance Event or the making of such Revolving Advances.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.03 <U>Determinations Under Sections&nbsp;3.01 or 3.02</U>. For purposes of determining
compliance with the conditions specified in <U>Sections&nbsp;3.01 </U>or <U>3.02</U>, each Lender
shall be deemed to have consented to, approved or accepted or to be satisfied with each document or
other matter required thereunder to be consented to or approved by or acceptable or satisfactory to
the Lenders unless an officer of the Administrative Agent responsible for the transactions
contemplated by the Loan Documents shall have received notice from such Lender prior to the
Borrowings hereunder specifying its objection thereto and such Lender shall not have made available
to the Administrative Agent such Lender&#146;s ratable portion of such Borrowings.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE IV</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>REPRESENTATIONS AND WARRANTIES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Loan Party jointly and severally represents and warrants as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.01 <U>Existence</U>. Each of the Parent and its Subsidiaries is duly organized,
validly existing, and in good standing under the laws of the jurisdiction of its incorporation or
formation and in good standing and qualified to do business in each jurisdiction where its
ownership or lease of Property or conduct of its business requires such qualification and where a
failure to be qualified could reasonably be expected to have a Material Adverse Effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.02 <U>Power and Authority</U>. Each of the Loan Parties has the requisite power
and authority and all requisite governmental licenses, authorizations, consents and approvals to
(a)&nbsp;own its assets and carry on its business, and (b)&nbsp;execute, deliver and perform the Loan
Documents to which it is a party and to perform its obligations thereunder. The execution,
delivery, and performance by each Loan Party of this Agreement and the other Loan Documents to
which it is a party and the consummation of the transactions contemplated hereby (a)&nbsp;have been duly
authorized by all necessary organizational action, (b)&nbsp;do not and will not (i)&nbsp;contravene the terms
of any such Loan Party&#146;s Organization Documents, (ii)&nbsp;violate any Legal Requirement, or (iii)
conflict with or result in any breach or contravention of, or the creation of any Lien under
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-66-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(A)&nbsp;the provisions of any indenture, instrument or agreement to which such Loan Party is a party or is
subject, or by which it, or its Property, is bound or (B)&nbsp;any order, injunction, writ or decree of
any Governmental Authority or any arbitral award to which such Person or its property is subject.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.03 <U>Authorization and Approvals</U>. No authorization, approval, consent,
exemption, or other action by, or notice to or filing with, any Governmental Authority or any other
Person is necessary or required on the part of any Loan Party in connection with (a)&nbsp;the execution,
delivery and performance by, or enforcement against, any Loan Party of this Agreement and the other
Loan Documents to which it is a party or the consummation of the transactions contemplated hereby
or thereby, (b)&nbsp;the grant by any Loan Party of the Liens granted by it pursuant to the Loan Documents, or (c)&nbsp;the perfection or maintenance of the
Liens created under the Loan Documents (including the first priority nature thereof) (other than,
on the Closing Date, the filing of UCC-1 Financing Statements), all of which have been duly
obtained, taken, given or made and are in full force and effect, except actions by, and notices to
or filings with, Governmental Authorities (including, without limitation, the SEC) that may be
required in the ordinary course of business from time to time or that may be required to comply
with the express requirements of the Loan Documents (including, without limitation, to release
existing Liens on the Collateral or to comply with requirements to perfect, and/or maintain the
perfection of, Liens created for the benefit of the Secured Parties).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.04 <U>Enforceable Obligations</U>. This Agreement has been, and each other Loan
Document, when delivered hereunder, will have been, duly executed and delivered by each Loan Party
that is a party thereto. This Agreement constitutes, and each other Loan Document when so
delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable
against each Loan Party that is party thereto in accordance with its terms, except as such
enforceability may be limited by any applicable bankruptcy, insolvency, reorganization, fraudulent
conveyance, moratorium, or similar law affecting creditors&#146; rights generally or general principles
of equity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.05 <U>Financial Statements; No Material Adverse Effect</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Audited Financial Statements (i)&nbsp;were prepared in accordance with GAAP consistently
applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii)
fairly present the financial condition of the Parent and its Subsidiaries as of the date thereof
and their results of operations for the period covered thereby in accordance with GAAP consistently
applied throughout the period covered thereby, except as otherwise expressly noted therein; and
(iii)&nbsp;show all material indebtedness and other liabilities, direct or contingent, of the Parent and
its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and
Debt.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Interim Financial Statements (i)&nbsp;were prepared in accordance with GAAP consistently
applied throughout the period covered thereby, except as otherwise expressly noted therein, and
(ii)&nbsp;fairly present the financial condition of the Parent and its Subsidiaries as of the date
thereof and their results of operations for the period covered thereby, subject, in the case of
clauses (i)&nbsp;and (ii), to the absence of footnotes and to normal year-end audit adjustments.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-67-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The Projections have been prepared in good faith by the Parent, based on assumptions
believed by the Borrower to be reasonable on the date thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Since December&nbsp;31, 2006, there has been no event or circumstance, either individually or
in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect
except to the extent any matter is disclosed in public filings made by the Parent with the SEC
since January&nbsp;1, 2007 but prior to the Closing Date (including in respect to such matter&#146;s nature,
magnitude and consequences).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Since the InServ Closing Date, and after giving effect to the InServ Acquisition, there
has been no event or circumstance, either individually or in the aggregate, that has had or could
reasonably be expected to have a Material Adverse Effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.06 <U>True and Complete Disclosure</U>. Each Loan Party has disclosed to the
Administrative Agent and the Lenders all material agreements, instruments and corporate or other
restrictions to which it or any of its Subsidiaries is subject, and all other matters known to it,
that, individually or in the aggregate, could reasonably be expected to result in a Material
Adverse Effect. Neither (a)&nbsp;the Confidential Information Memorandum nor (b)&nbsp;any other information,
report, financial statement, exhibit or schedule furnished by or on behalf of any Loan Party to the
Administrative Agent or any Lender in connection with the negotiation of any Loan Document or
included therein or delivered pursuant thereto, when taken as a whole, contained, contains or will
contain any material misstatement of fact or omitted, omits or will omit to state any material fact
necessary to make the statements therein, in the light of the circumstances under which they were,
are or will be made, not misleading; <U>provided</U> that, with respect to projected financial
information (including the Projections and any projections delivered pursuant to Section&nbsp;5.06(d)),
the Loan Parties represent only that such information was prepared in good faith based upon
assumptions believed to be reasonable at the time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.07 <U>Litigation</U>. Except for the SEC/DOJ Investigation and except as set forth
in <U>Schedule&nbsp;4.07</U>, there are no actions, suits, proceedings, claims or disputes pending or,
to the knowledge of any Responsible Officer of a Loan Party after due and diligent investigation,
threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority,
by or against any Loan Party or any of its Subsidiaries or against any of its or their properties
or revenues that (a)&nbsp;purport to affect or pertain to this Agreement, any other Loan Document or the
Collateral, or any of the transactions contemplated thereby, or (b)&nbsp;either individually or in the
aggregate, if determined adversely, could reasonably be expected to have a Material Adverse Effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.08 <U>Compliance with Laws</U>. None of the Loan Parties nor any of the
Subsidiaries nor any of their respective material properties is in violation of, nor will the
continued operation of their material properties as currently conducted violate, any Legal
Requirement (including any Environmental Law) or is in default with respect to any judgment, writ,
injunction, decree or order of any Governmental Authority, in either case which could, individually
or in the aggregate, reasonably be expected to have a Material Adverse Effect.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-68-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.09 <U>No Default</U>. None of the Loan Parties or any of its Subsidiaries has
materially violated or defaulted under any agreement or instrument to which it is a party, where
such violation or default has resulted in or could, either individually or in the aggregate,
reasonably be expected to result in a Material Adverse Effect. Upon the termination of the
Existing Credit Facility, neither the Parent nor any of its Subsidiaries is in default in any
manner under any provision of any indenture or other agreement or instrument evidencing Debt, or
any other material agreement or instrument to which it is a party or by which it or any of its
properties or assets are or may be bound, where such default could reasonably be expected to result
in a Material Adverse Effect. No Default has occurred and is continuing or would result from the
consummation of the transactions contemplated by this Agreement or any other Loan Document.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.10 <U>Subsidiaries; Corporate Structure</U>. Part&nbsp;A of <U>Schedule&nbsp;4.10</U> sets
forth as of the Closing Date, a list of all Subsidiaries of the Parent and, as to each such
Subsidiary, the jurisdiction of formation and the outstanding Equity Interests therein and the
percentage of each class of such Equity Interests owned by the Parent and the Subsidiaries. As of
the InServ Closing Date, InServ and its Subsidiaries will be Wholly-Owned Subsidiaries of the
Borrower as detailed in Part&nbsp;B of <U>Schedule&nbsp;4.10</U> and the jurisdiction of formation for each
such Wholly-Owned Subsidiary and the outstanding Equity Interests therein and the percentage of
each class of such Equity Interests directly or indirectly owned by the Borrower and the
Subsidiaries will be as set forth in Part&nbsp;B of <U>Schedule&nbsp;4.10</U>. The Equity Interests
indicated owned (or to be owned) by the Parent and the Subsidiaries on <U>Schedule&nbsp;4.10</U> are
fully paid and non-assessable and are (or will be) owned by the persons indicated on such Schedule,
free and clear of all Liens (other than (i)&nbsp;Liens created under the Existing Credit Facility that
will be terminated or assigned to the Collateral Agent, (ii)&nbsp;Liens created under the Loan Documents
and (iii)&nbsp;Permitted Liens).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.11 <U>Liens; Condition of Properties</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;None of the Property of the Parent or any of its Subsidiaries is subject to any Lien other
than (i)&nbsp;Liens created under the Existing Credit Facility that will be terminated or assigned to
the Collateral Agent, (ii)&nbsp;Liens created under the Loan Documents and (iii)&nbsp;Permitted Liens. On
the date of this Agreement, all governmental actions and all other filings, recordings,
registrations, third party consents and other actions which are necessary to create and perfect the
Liens provided for in the Security Documents will have been made, obtained and taken in all
relevant jurisdictions other than recording of amendments to existing Mortgages and filing of new
UCC financing statements. None of the Parent or any of its Subsidiaries is a party to any
indenture, loan, credit or other similar agreement or instrument evidencing Debt or any other
material agreement or arrangement (other than this Agreement and the Security Documents), or
subject to any order, judgment, writ or decree, which either restricts or purports to restrict its
ability to grant Liens to secure the Obligations against their respective assets or Properties
other than customary restrictions or conditions imposed by any agreement relating to other secured
Debt permitted by this Agreement if such restrictions or conditions apply only to the Property
securing such Debt.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Each of the Parent and its Subsidiaries has good record and marketable title in fee simple
to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of
its business, except for such minor defects in title that do not interfere with its ability to
conduct its business as currently conducted or to utilize such properties and assets for their
intended purposes.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-69-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Each of the Parent and its Subsidiaries has complied with all obligations under all
material leases with respect to real property to which it is a party and all such leases are in
full force and effect. Each Loan Party enjoys peaceful and undisturbed possession under all such
material leases.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Since December&nbsp;31, 2006, neither the business nor the material Properties of the Parent or
any of its Subsidiaries has been affected as a result of any fire, explosion, earthquake, flood,
drought, windstorm, accident, embargo, requisition or taking of Property or cancellation of
contracts, permits or concessions by a Governmental Authority, or acts of God.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Since December&nbsp;31, 2006, neither the business nor the material Properties of the InServ or
any of its Subsidiaries has been affected as a result of any fire, explosion, earthquake, flood,
drought, windstorm, accident, embargo, requisition or taking of Property or cancellation of
contracts, permits or concessions by a Governmental Authority, or acts of God.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.12 <U>Environmental Condition</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Parent and its Subsidiaries (i)&nbsp;have obtained all material Environmental Permits
necessary for the ownership and operation of their respective material Properties and the conduct
of their respective businesses; (ii)&nbsp;have been and are in compliance with all material terms and
conditions of such Environmental Permits and with all other material requirements of applicable
Environmental Laws; (iii)&nbsp;have not received notice of any material violation or alleged violation
of any Environmental Law or Environmental Permit; and (iv)&nbsp;are not subject to any material actual
or, to their knowledge, contingent Environmental Claim.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;None of the present or previously owned or operated Properties of the Parent or any of its
present or former Subsidiaries, wherever located, (i)&nbsp;has been placed on or proposed to be placed
on the National Priorities List, CERCLIS, or their state or local analogs, nor has the Parent or
any of its Subsidiaries been otherwise notified of the designation, listing or identification of
any Property of the Parent or any of its present or former Subsidiaries as a potential site for
removal, remediation, cleanup, closure, restoration, reclamation, or other response activity
(&#147;<U>Response</U>&#148;) under any Environmental Laws (except as such activities may be required by
permit conditions); (ii)&nbsp;is subject to a Lien, arising under or in connection with any
Environmental Laws, that attaches to any revenues or to any Property owned or operated by the
Parent or any of its present or former Subsidiaries, wherever located; or (iii)&nbsp;has been the site
of any Release (as defined under any Environmental Law) of Hazardous Material from present or past
operations which has caused at the site or at any third-party site any condition that has resulted
in or could reasonably be expected to result in the need for Response (as defined under any
Environmental Law) and that could, individually or in the aggregate, reasonably be expected to
result in liabilities in the aggregate in excess of $3,000,000 and none of the Parent or any of its
present or former Subsidiaries has generated or transported or has caused to be generated or
transported Hazardous Material to any third party site which could reasonably be expected to result
in the need for Response that could, individually or in the aggregate, reasonably be expected to
result in liabilities in the aggregate in excess of $3,000,000.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-70-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.13 <U>Insurance</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Schedule&nbsp;4.13</U> sets forth a true, complete and correct description of all insurance
maintained by the Parent and its Subsidiaries as of the Closing Date. As of such date, such
insurance is in full force and effect and all premiums have been duly paid.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The properties of the Parent and its Subsidiaries are insured with financially sound and
reputable insurance companies not Affiliates of the Parent or any of its Subsidiaries, in such
amounts, with such deductibles and covering such risks as are customarily carried by companies
engaged in similar businesses and owning similar properties in localities where the Parent and its
Subsidiaries operate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The Borrower shall cause all such insurance to name the Administrative Agent, for the
ratable benefit of the Lenders, as &#147;loss payee&#148; under its property loss policies and as &#147;additional
insured&#148; on its comprehensive and general liability policies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.14 <U>Taxes</U>. In accordance with the tax laws, regulations, official
pronouncements and practices of each tax jurisdiction, the Parent and each of its Subsidiaries have
filed or are in the process of filing all material Federal, state and other tax returns and reports
required to be filed, and have paid or will pay, before the same shall become in default, all
Federal, state and other taxes, assessments, fees and other governmental charges levied or imposed
upon them or their properties, income or assets otherwise due and payable, except those which are
being contested or extended in good faith by appropriate proceedings diligently conducted and for
which adequate reserves have been provided in accordance with GAAP. There is no proposed tax
assessment against the Parent or any Subsidiary thereof that would, if made, have a Material
Adverse Effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.15 <U>ERISA Compliance</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Parent and its ERISA Affiliates are in compliance in all material respects with the
applicable provisions of ERISA and the Code and the regulations and other Legal Requirements
published thereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Each Plan is in compliance in all material respects with the applicable provisions of
ERISA, the Code and other Federal or state Laws. Each Plan that is intended to qualify under
Section 401(a) of the Code has received a favorable determination letter from the IRS or an
application for such a letter is currently being processed by the IRS with respect thereto and, to
the best knowledge of the Parent, nothing has occurred which would prevent, or cause the loss of,
such qualification. The Parent and each ERISA Affiliate have made all required contributions to
each Plan subject to Section&nbsp;412 of the Code, and no application for a funding waiver or an
extension of any amortization period pursuant to Section&nbsp;412 of the Code has been made with respect
to any Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;(i)&nbsp;No ERISA Event has occurred or is reasonably expected to occur that, when taken
together with all other such ERISA Events, could reasonably be expected to result in material
liability of the Parent or any of its ERISA Affiliates; (ii)&nbsp;no Pension Plan has any Unfunded
Pension Liability; (iii)&nbsp;neither the Parent nor any ERISA Affiliate has incurred, or reasonably
expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan (other
than premiums due and not delinquent under Section&nbsp;4007 of ERISA); (iv)&nbsp;neither
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-71-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the Parent nor any RISA Affiliate has incurred, or reasonably expects to incur, any material liability (and no event
has occurred which, with the giving of notice under Section&nbsp;4219 of ERISA, would result in such
material liability) under Sections&nbsp;4201 or 4243 of ERISA with respect to a Multiemployer Plan; and
(v)&nbsp;neither the Parent nor any ERISA Affiliate has engaged in a transaction that could be subject
to Sections&nbsp;4069 or 4212(c) of ERISA.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.16 <U>Security Interests</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Security Agreement is effective to create in favor of the Collateral Agent, for the
ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the
Collateral (as defined in such Security Agreement) and, when financing statements in
appropriate form are filed in the offices specified on Schedule&nbsp;I to the Security Agreement, such
Security Agreement shall constitute a fully perfected Lien on, and security interest in, all right,
title and interest of the grantors thereunder in such portion of the Collateral in which a security
interest may be perfected by the filing of a financing statement under the applicable Uniform
Commercial Code, in each case prior and superior in right to any other person, other than Permitted
Liens.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Pledge Agreement is effective to create in favor of the Administrative Agent, for the
ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the
Collateral (as defined in such Pledge Agreement) and, when such Collateral (to the extent such
Collateral constitutes an instrument or certificated security under the applicable UCC) is
delivered to such Administrative Agent, such Pledge Agreement shall constitute a fully perfected
first priority Lien on, and security interest in, all right, title and interest of the pledgors
thereunder in such Collateral, in each case prior and superior in right to any other Person other
than the Liens permitted under clause (a)&nbsp;of the definition of &#147;Excepted Liens&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Each Mortgage with respect to the Mortgaged Property is effective to create for the
ratable benefit of the Secured Parties a legal, valid and enforceable Lien in all Collateral and,
when appropriate filings or registrations are made with the county clerk of each county where such
Mortgaged Property is located, such Mortgage shall constitute a fully perfected Lien on all right,
title and interest of the applicable Loan Party thereunder in the applicable Mortgaged Property as
of the Closing Date, prior and superior in right to any other person, other than Permitted Liens.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;As of the Closing Date, no Loan Party has an ownership interest in any vessel.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.17 <U>Bank Accounts</U>. <U>Schedule&nbsp;4.17</U> sets forth the account numbers and
locations of all bank accounts of the Parent and its Subsidiaries as of the Closing Date for which
an Account Control Agreement is required under Section&nbsp;6.19.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.18 <U>Labor Relations</U>. Except as set forth on <U>Schedule&nbsp;4.18</U>, there (a)
is no unfair labor practice complaint pending against the Parent or any of its Subsidiaries or, to
the knowledge of any Responsible Officer thereof, threatened against any of them, before the
National Labor Relations Board (or any successor United States federal agency that administers the
National Labor Relations Act), and no grievance or arbitration proceeding arising out of or under
any collective bargaining agreement is so pending against the Parent or any of its
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-72-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Subsidiaries or, to the knowledge of any Responsible Officer thereof, threatened against any of them, (b)&nbsp;are no
strikes, lockouts, slowdowns or stoppage against the Parent or any Subsidiary pending or, to the
knowledge of any Loan Party, threatened and (c)&nbsp;no union representation petition existing with
respect to the employees of the Parent or any of its Subsidiaries and no union organizing
activities are taking place. The hours worked by and payments made to employees of the Parent and
the Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable
federal, state, provincial, local or foreign law dealing with such matters, except where such
violation, either individually or in the aggregate, could not reasonably be expected to have a
Material Adverse Effect. All payments due from the Parent or any Subsidiary, or for which any
claim may be made against the Parent or any Subsidiary, on account of wages and employee health and welfare insurance and other benefits, have been paid
or accrued as a liability on the books of the Parent or such Subsidiary, except where the failure
to do the same, either individually or in the aggregate, could not reasonably be expected to result
in a Material Adverse Effect. The consummation of the transactions contemplated hereby will not
give rise to any right of termination or right of renegotiation on the part of any union under any
collective bargaining agreement to which the Parent or any Subsidiary is bound.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.19 <U>Intellectual Property</U>. The Parent and each of its Subsidiaries own or
are licensed or otherwise have full legal right to use all of the patents, trademarks, service
marks, trade names, copyrights, franchises, authorizations and other rights that are reasonably
necessary for the operation of their respective businesses, without conflict with the rights of any
other Person with respect thereto, except where the absence of such rights could not reasonably be
expected to have a Material Adverse Effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.20 <U>Solvency</U>. Immediately following the making of each Advance and after
giving effect to the application of the proceeds of each Advance, each Loan Party is Solvent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.21 <U>Senior Indebtedness</U>. The obligations of the Loan Parties hereunder
constitute senior indebtedness (however denominated) in respect of any Subordinated Debt of the
Parent and its Subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.22 <U>Margin Regulations</U>. None of the Loan Parties is engaged and will engage,
principally or as one of its important activities, in the business of purchasing or carrying margin
stock (within the meaning of Regulation&nbsp;U), or extending credit for the purpose of purchasing or
carrying margin stock. No part of the proceeds of any Advance will be used, whether directly or
indirectly, and whether immediately, incidentally or ultimately, to purchase or carry any margin
stock (within the meaning of Regulation&nbsp;U) or to refinance any Debt originally incurred for such
purpose, or for any other purpose that entails a violation of, or that is inconsistent with, the
provisions of the Regulations of the Board, including Regulation&nbsp;T, U or X.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.23 <U>Investment Company Act</U>. None of the Parent, any Person Controlling the
Parent, or any Subsidiary is or is required to be registered as an &#147;investment company&#148; under the
Investment Company Act of 1940.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-73-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.24 <U>Names and Locations</U>. As of the Closing Date, <U>Schedule&nbsp;4.24</U> sets
forth (a)&nbsp;all legal names and all other names (including trade names, fictitious names and business
names) under which any Loan Party currently conducts business, or has at any time during the past
five years conducted business, (b)&nbsp;the name of any entity which any Loan Party has acquired in
whole or in part or from whom any Loan Party has acquired a significant amount of assets within the
past five years, (c)&nbsp;the state or other jurisdiction of organization or incorporation for each Loan
Party, (d)&nbsp;organizational identification number for each Loan Party (or specifically designates
that one does not exist), and (d)&nbsp;the location of the chief executive offices of each Loan Party.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE V</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>AFFIRMATIVE COVENANTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So long as the Advances or any amount under any Loan Document shall remain unpaid, any Lender
shall have any Commitment hereunder, or there shall exist any Letter of Credit Exposure, each Loan
Party shall, and shall cause each of its Subsidiaries to:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.01 <U>Preservation of Existence, Etc</U>. Except as permitted by <U>Section
6.03</U>, (a)&nbsp;preserve, renew and maintain in full force and effect its legal existence and good
standing under the Legal Requirements of the jurisdiction of its formation, (b)&nbsp;take all reasonable
action to obtain, preserve, renew, extend, maintain and keep in full force and effect all rights,
privileges, permits, licenses, authorizations and franchises necessary or desirable in the normal
conduct of its business, and (c)&nbsp;qualify and remain qualified as a foreign entity in each
jurisdiction in which qualification is necessary in view of its business and operations or the
ownership of its Properties.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.02 <U>Compliance with Laws, Etc</U>. Comply in all material respects with all
Legal Requirements (including without limitation, all Environmental Laws and ERISA) applicable to
it or to its business or property, except in such instances in which such Legal Requirement is
being contested in good faith by appropriate proceedings diligently conducted.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.03 <U>Maintenance of Property</U>. (a)&nbsp;Maintain and preserve all Property material
to the conduct of its business and keep such Property in good repair, working order and condition,
ordinary wear and tear excepted, (b)&nbsp;from time to time make, or cause to be made, all needful and
proper repairs, renewals, additions, improvements and replacements thereto necessary in order that
the business carried on in connection therewith may be properly conducted at all times and (c)&nbsp;use
the standard of care typical in the industry in the operation and maintenance of its facilities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.04 <U>Maintenance of Insurance</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Maintain with financially sound and reputable insurance companies not Affiliates of the
Parent or any of its Subsidiaries, insurance with respect to its Properties and business, to the
extent and against loss or damage of the kinds customarily insured against by Persons engaged in
the same or similar business, of such types and in such amounts as are customarily carried under
similar circumstances by such other Persons and such other insurance as may be required by law,
including without limitation, political risk insurance consistent with that maintained on the date
of this Agreement.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-74-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;(i)&nbsp;Cause all such policies covering any Collateral to be endorsed or otherwise amended to
include a customary lender&#146;s loss payable endorsement, in form and substance satisfactory to the
Collateral Agent, which endorsement shall provide that, from and after the Closing Date, if the
insurance carrier shall have received written notice from the Collateral Agent of the occurrence of
an Event of Default, the insurance carrier shall pay all proceeds otherwise payable to a Loan Party
under such policies directly to the Collateral Agent; (ii)&nbsp;deliver original or certified copies of
all such policies to the Collateral Agent; cause each such policy to provide that it shall not be canceled, modified or not renewed upon not less than 30
days&#146; prior written notice thereof by the insurer to the Collateral Agent; and (iii)&nbsp;deliver to the
Collateral Agent, prior to the cancellation, modification or nonrenewal of any such policy of
insurance, a copy of a renewal or replacement policy (or other evidence of renewal of a policy
previously delivered to the Collateral Agent) together with evidence satisfactory to the Collateral
Agent of payment of the premium therefor.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;If at any time the area in which the Premises (as defined in the Mortgages) are located is
designated (i)&nbsp;a &#147;flood hazard area&#148; in any Flood Insurance Rate Map published by the Federal
Emergency Management Agency (or any successor agency), obtain flood insurance in such total amount
as required by Regulation&nbsp;H of the Board, as the same is from time-to-time in effect, and all
official rulings and interpretations thereunder or thereof may from time to time require, and
otherwise comply with the National Flood Insurance Program as set forth in the Flood Disaster
Protection Act of 1973, as it may be amended from time to time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;With respect to any Mortgaged Property, carry and maintain comprehensive general liability
insurance including the &#147;broad form CGL endorsement&#148; and coverage on an occurrence basis against
claims made for personal injury (including bodily injury, death and property damage) and umbrella
liability insurance against any and all claims, in no event for a combined single limit of less
than that indicated on <U>Schedule&nbsp;4.13</U>, naming the Collateral Agent as an additional insured,
on forms satisfactory to the Collateral Agent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Apply any proceeds received from any policies of insurance relating to any Collateral to
the Obligations as set forth in <U>Section&nbsp;2.08(f)</U> or as reinvested in a Qualified Investment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.05 <U>Payment of Taxes, Etc</U>. Pay and discharge as the same shall become due
and payable, all its obligations and liabilities in accordance with their terms, including (a)&nbsp;all
taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits
or in respect of its Property, unless the same are being contested in good faith by appropriate
proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained
by the applicable Person, (b)&nbsp;all lawful claims which, if unpaid, might by law become a Lien upon
its Property; and (c)&nbsp;all Debt, as and when due and payable, but subject to any subordination
provisions contained in any instrument or agreement evidencing such Debt.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-75-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.06 <U>Reporting Requirements</U>. Deliver to the Administrative Agent and each
Lender, in form and detail satisfactory to the Administrative Agent and the Lenders:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Audited Annual Financials</U>. Within ten days after the date in each fiscal year on
which the Parent is required to file its Annual Report on Form 10-K with the SEC (or if no such
requirement is in effect for any reason, with 90&nbsp;days after each fiscal year end), copies of the
audited consolidated balance sheets of the Parent and its Subsidiaries as at the end of such fiscal
year, together with the related audited consolidated statements of income or operations,
stockholders&#146; equity and cash flows for such fiscal year, and the notes thereto, all in reasonable
detail and setting forth in each case in comparative form the audited consolidated figures as of
the end of and for the previous fiscal year, all in reasonable detail and prepared in accordance
with GAAP and accompanied by a report and opinion of an independent certified public
accountant reasonably acceptable to the Lenders, which report and opinion shall be prepared in
accordance with generally accepted auditing standards and shall not be subject to any &#147;going
concern&#148; or like qualification or exception or any qualification or exception as to the scope of
such audit and shall state that such consolidated financial statements present fairly, in all
material respects, the consolidated financial position of the Parent and its respective
Subsidiaries as at the end of such fiscal year and their consolidated results of operations and
cash flows for such fiscal year in conformity with GAAP (or words substantially similar to the
foregoing) and that the examination by such accountants in connection with such consolidated
financial statements has been made in accordance with generally accepted auditing standards;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Quarterly Financials</U>. Within five days after each date in each fiscal year on
which the Parent is required to file a Quarterly Report on Form 10-Q with the SEC (or if no such
requirement is in effect for any reason, with 45&nbsp;days after each fiscal quarter end), a condensed
consolidated balance sheet of the Parent and its Subsidiaries as at the end of such fiscal quarter,
and the related condensed consolidated statements of income or operations, stockholders&#146; equity and
cash flows for such fiscal quarter and for the portion of the Parent&#146;s fiscal year then ended, and
setting forth in comparative form the consolidated figures for the corresponding fiscal quarter of
the previous fiscal year and the corresponding portion of the previous fiscal year, all in
reasonable detail and certified by a Financial Officer of the Parent as fairly presenting the
financial condition, results of operations, stockholders&#146; equity and cash flows of the Parent and
its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the
absence of footnotes;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Compliance Certificates</U>. (i)&nbsp;Concurrently with the delivery of the financial
statements referred to in <U>Section&nbsp;5.06(a)</U>, a certificate of its independent certified
public accountants rendering the report thereon stating whether, in connection with their audit
examination, anything has come to their attention which would cause them to believe that any
Default or Event of Default with respect to accounting matters existed on the date of such
financial statements, and if such a condition or event has come to their attention, specifying in
reasonable detail the nature and period, if known, of existence thereof and (ii)&nbsp;concurrently with
the delivery of the financial statements referred to in <U>Sections&nbsp;5.06(a)</U> and <U>(b)</U>, a
duly completed Compliance Certificate signed by a Financial Officer of the Parent;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Projections</U>. As soon as available but in any event within 90&nbsp;days after the end
of each fiscal year of the Parent commencing with the fiscal year ending December&nbsp;31, 2008, a
certified copy of the Parent&#146;s forecasted consolidated and consolidating: (a)&nbsp;balance sheets; (b)
profit and loss statements; (c)&nbsp;cash flow statements; and (d)&nbsp;capitalization statements, for the
next succeeding two fiscal years immediately following such fiscal year end, together with
appropriate supporting details and a statement of underlying assumptions, prepared in a manner
consistent with the Projections and otherwise reasonably acceptable to the Administrative Agent.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-76-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;<U>Management Letters</U>. Promptly upon receipt thereof, copies of any detailed audit
reports, management letters and any reports as to material inadequacies in accounting controls
(including reports as to the absence of any such inadequacies) or recommendations submitted to the
board of directors (or the audit committee of the board of directors) of the Parent by independent
accountants in connection with the accounts or books of the Parent or any Subsidiary thereof, or
any audit of any of them;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;<U>Securities Law Filings and other Public Information</U>. Promptly after the same are
available, copies of each annual report, proxy or financial statement or other report or
communication sent to the stockholders of the Parent, and copies of all annual, regular, periodic
and special reports and registration statements which the Parent may file or be required to file
with the SEC under Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 or any other
securities Governmental Authority, and not otherwise required to be delivered to the Administrative
Agent pursuant hereto;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;<U>Press Releases</U>. To the extent not otherwise provided for herein, as soon as
available, any press release or other public announcement or statement by any Loan Party;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;<U>USA Patriot Act</U>. Promptly, following a request by any Lender, all documentation
and other information that such Lender reasonably requests in order to comply with its ongoing
obligations under applicable &#147;know your customer&#148; and anti-money laundering rules and regulations,
including the USA Patriot Act; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;<U>Other Information</U>. Such other information respecting the business, Properties or
Collateral, or the condition or operations, financial or otherwise, of the Parent and its
Subsidiaries as the Administrative Agent or any Lender may from time to time reasonably request.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Documents required to be delivered pursuant to <U>Section&nbsp;5.06(a)</U>, <U>(b)</U>, <U>(f)</U>,
<U>(g),</U> or <U>(h)</U> (to the extent any such documents are included in materials otherwise
filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have
been delivered on the date (i)&nbsp;on which the Parent posts such documents, or provides a link thereto
on the Parent&#146;s website on the Internet at the website address listed on <U>Schedule&nbsp;10.02</U>; or
(ii)&nbsp;other than for the information required to be provided under clause (g)&nbsp;above, on which such
documents are posted on the Parent&#146;s behalf on IntraLinks/IntraAgency or another relevant website
(including, without limitation, the SEC&#146;s website), if any, to which each Lender and the
Administrative Agent have access (whether a commercial, third-party website or whether sponsored by
the Administrative Agent); <U>provided</U> that: (i)&nbsp;the Parent shall deliver paper copies of such
documents to the Administrative Agent or any Lender that requests the Parent to deliver such paper
copies and (ii)&nbsp;the Parent shall notify (which may be by facsimile or electronic mail) the
Administrative Agent (and the Administrative Agent shall promptly notify the Lenders thereof) of
the posting of any such documents and provide to the Administrative Agent (and the Administrative
Agent shall promptly provide such documents to the Lenders) by electronic mail electronic versions
(i.e., soft copies) of such documents. The Administrative Agent shall not have an obligation to
request the delivery or to maintain copies of the documents referred to above, and in any event
shall have no responsibility to monitor compliance by the Parent with any such request for
delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining
its copies of such documents.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->-77-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower hereby acknowledges that (a)&nbsp;the Administrative Agent and/or the Agents will make
available to the Lenders and the Issuing Bank materials and/or information provided by or on behalf
of the Loan Parties hereunder (collectively, &#147;<U>Borrower Materials</U>&#148;) by posting the Borrower
Materials on IntraLinks/IntraAgency or another similar electronic system (the &#147;<U>Platform</U>&#148;)
and (b)&nbsp;certain of the Lenders may be &#147;public-side&#148; Lenders (i.e., Lenders that do not
wish to receive material non-public information with respect to any Loan Party or its
securities) (each, a &#147;<U>Public Lender</U>&#148;). Each Loan Party agrees to make all Borrower
Materials that the Loan Parties intend to not be made available to Public Lenders clearly and
conspicuously designated by such Loan Party as &#147;PRIVATE.&#148; By designating Borrower Materials as
&#147;PRIVATE,&#148; such Borrower Materials will not be made available to that portion of the Platform
designated &#147;Public Investor,&#148; which is intended to contain only information that (x)&nbsp;prior to any
public offering of securities by any Loan Party, is of a type that would be contained in a
customary offering circular for an offering of debt securities made in reliance on Rule&nbsp;144A under
the Securities Act or (y)&nbsp;following any public offering of securities by a Loan Party, is either
publicly available or not material information (though it may be sensitive and proprietary) with
respect to such Loan Party or its securities for purposes of United States Federal and State
securities laws. The Administrative Agent and the Arranger shall be entitled to treat any Borrower
Materials that are not marked &#147;PRIVATE&#148; or &#147;CONFIDENTIAL&#148; as not containing any material non-public
information with respect to the Loan Parties or any securities for purposes of United States
Federal and state securities laws (provided, however, that to the extent such Borrower Materials
constitute Information, they shall be treated as set forth in <U>Section&nbsp;10.07</U>).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.07 <U>Other Notices</U>. Deliver to the Administrative Agent prompt written notice
of the following:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Defaults</U>. The occurrence of any Default or Event of Default or any other Debt of
the Parent or any of its Subsidiaries being declared due and payable before its expressed maturity,
or any holder of such Debt having the right to declare such Debt due and payable before its
expressed maturity, because of the occurrence of any default (or any event which, with notice
and/or the lapse of time, shall constitute any default) under such Debt;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Litigation</U>. The filing or commencement of, or any threat or notice of intention
of any person to file or commence, any action, suit or proceeding, whether at law or in equity or
by or before any Governmental Authority, against the Parent, any Subsidiary or any Affiliate
thereof, or any material development in any such action, suit, proceeding, that, in either case,
could reasonably be expected to result in a liability of the Parent or any of its Subsidiaries in
an aggregate amount exceeding $5,000,000; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>ERISA Events</U>. The occurrence of any ERISA Event that, alone or together with any
other ERISA Events that have occurred, could reasonably be expected to result in liability of the
Parent or any of its Subsidiaries in an aggregate amount exceeding $5,000,000;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-78-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Environmental Notices</U>. A copy of any form of notice, summons, material
correspondence or citation received from any Governmental Authority or any other Person, concerning
(i)&nbsp;material violations or alleged violations of Environmental Laws, which seeks or threatens to
impose liability therefor, (ii)&nbsp;any material action or omission on the part of the Borrower or any
of its Subsidiaries in connection with Hazardous Material, (iii)&nbsp;any notice of potential
responsibility or liability under any Environmental Law, or (iv)&nbsp;concerning the filing of a Lien
other than a Permitted Lien upon, against or in connection with the Parent or any of its
Subsidiaries, or any of their leased or owned material Property, wherever located;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;<U>Collateral</U>. Furnish to the Collateral Agent:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) written notice of:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) any change of its legal name, corporate structure, jurisdiction of
organization or formation or its organizational identification number or the
creation or acquisition of any Person that will become a Subsidiary of the Parent,
within 30&nbsp;days before the occurrence thereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) an Asset Disposition with respect to any Property with a market value in
excess of $1,000,000 for any transaction or series of transactions or $5,000,000 in
the aggregate during any calendar year within 40&nbsp;days after the occurrence thereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) an Event of Loss with respect to any portion of Collateral with a market
value in excess of $5,000,000 promptly and in any event within 15 Business Days
after the occurrence thereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) any material correspondence received by any Loan Party from any insurer
with respect to any insurance maintained in accordance with <U>Section&nbsp;5.04</U>
promptly and in any event with five Business Days after the receipt thereof; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) from time to time upon request, statements and schedules further identifying,
updating, and describing the Collateral and such other information, reports and evidence
concerning the Collateral, as Collateral Agent may reasonably request, all in reasonable
detail;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;<U>Casualties and Takings</U>. Any actual or constructive loss by reason of fire,
explosion, theft or other casualty, of any Property of any Loan Party or any taking of title to, or
the use of, any Property of any Loan Party pursuant to eminent domain or condemnation proceedings
or any settlement or compromise thereof, in each case, with a value equal to or greater than
$2,500,000, and a certificate of a Responsible Officer of the Borrower describing the nature and
status of such occurrence;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;<U>Material Changes</U>. Any development that has resulted in, or could reasonably be
expected to result in, a Material Adverse Effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each notice pursuant to this Section shall be accompanied by a statement of a Responsible Officer
of the Borrower setting forth details of the occurrence referred to therein and stating what
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-79-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">action the Borrower have taken and propose to take with respect thereto. Each notice pursuant to
<U>Section&nbsp;5.07(a)</U> shall describe with particularity any and all provisions of this Agreement
and any other Loan Document that have been breached. Documents required to be delivered pursuant
to this <U>Section&nbsp;5.07</U> shall be posted by the Administrative Agent on IntraLinks/IntraAgency
or another relevant website to which each Lender and the Administrative Agent have access (whether
a commercial, third-party website or whether sponsored by the Administrative Agent) and the
Administrative Agent shall promptly notify each Lender of such posting.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.08 <U>Books and Records; Inspection</U>. (a)&nbsp;Keep proper records and books of
account in which full, true and correct entries will be made in accordance with GAAP and all Legal
Requirements, reflecting all financial transactions and matters involving the assets and
business of the Parent and its Subsidiaries; (b)&nbsp;maintain such books of record and account in
material conformity with all applicable requirements of any Governmental Authority having
regulatory jurisdiction over the Parent and its Subsidiaries, as the case may be; and (c)&nbsp;from
time-to-time during regular business hours upon reasonable prior notice, permit representatives and
independent contractors of the Collateral Agent, the Administrative Agent and each Lender to (i)
visit and inspect any of its Properties, (ii)&nbsp;to examine its corporate, financial and operating
records, and make copies thereof or abstracts therefrom and (iii)&nbsp;to discuss its affairs, finances
and accounts with its directors, officers, and independent public accountants, all at the expense
of the Borrower and at such reasonable times during normal business hours and as often as may be
reasonably desired, upon reasonable advance notice to the applicable Loan Party or Subsidiary;
<U>provided</U> that the Loan Parties shall be responsible for such expenses not more than one (1)
time per year unless an Event of Default has occurred and is continuing, in which case the Loan
Parties shall be responsible for all such expenses.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.09 <U>Agreement to Pledge</U>. Cause each Loan Party to, grant to the Collateral
Agent an Acceptable Security Interest in any Property of such Person now owned or hereafter
acquired, other than the Excluded Property.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.10 <U>Intentionally Omitted</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.11 <U>Nature of Business</U>. Maintain and operate such business in substantially
the manner in which it is conducted and operated as of the Closing Date or, with respect to any
Material Subsidiary that becomes a Material Subsidiary of the Parent as a result of the InServ
Acquisition, as of the InServ Closing Date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.12 <U>Additional Guarantors</U>. On the InServ Closing Date as to any Material
Subsidiary that became a Subsidiary of the Parent as a result of the InServ Acquisition and within
30&nbsp;days after any other Person becomes a Material Subsidiary and before or contemporaneously with a
Letter of Credit being issued on behalf of such Subsidiary, (a)&nbsp;cause such Person to (i)&nbsp;become a
Guarantor by executing and delivering to the Administrative Agent a counterpart of this Agreement
or such other document as the Administrative Agent shall deem appropriate for such purpose, (ii)
deliver to the Administrative Agent documents of the types referred to in clauses <U>Section
3.01(a)(ix)</U>, <U>(x)</U>, <U>(xi)</U> and <U>(xii)</U> and favorable opinions of counsel to
such Person (which shall cover, among other things, the legality, validity, binding effect and
enforceability of the documentation referred to in clause (i)), all in form, content and scope
reasonably satisfactory to the Administrative Agent and (iii)&nbsp;subject to Section&nbsp;5.16, execute
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-80-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">such other Security Documents as the Collateral Agent, the Administrative Agent or any Lender may
reasonably request, in each case to secure the Obligations and (b)&nbsp;cause the stockholder of such
Person to execute a Pledge Agreement (or a supplement thereto) pledging (i)&nbsp;100% of the Equity
Interest in such Person to secure the Obligations and such evidence of organizational authority to
enter into and such legal opinions in relation to such Pledge Agreement as the Administrative Agent
may reasonably request, along with share certificates pledged thereby and appropriately executed
stock powers in blank. Notwithstanding the foregoing, from and after the consummation of the
Restructuring Transaction and compliance with the conditions set forth in Section&nbsp;6.03(b), (y)&nbsp;no
Foreign Subsidiary shall be required to become a Guarantor pursuant to this Section&nbsp;5.12 if
providing such guaranty could have a material adverse tax consequence for any Loan Party (as
reasonably determined by the Parent) and (z)&nbsp;no Person shall be required to pledge its interest in any Equity Interest of a Foreign Subsidiary to the extent such interest
would be Excluded Property.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.13 <U>Additional Collateral Requirements</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Deposit Accounts</U>. Except as otherwise provided in <U>Section&nbsp;6.19</U>, establish
lockboxes and blocked accounts (collectively, &#147;<U>Blocked Accounts</U>&#148;) in the name of the Parent
or any of its Subsidiaries with such banks (&#147;<U>Collecting Banks</U>&#148;) as are reasonably
acceptable to the Collateral Agent (subject to irrevocable instructions acceptable to Collateral
Agent as hereinafter set forth) or with the Collateral Agent and all invoices evidencing accounts
shall bear a notice that such invoices are payable to such Blocked Accounts and in which the Parent
or one of its Subsidiaries, as applicable, will immediately deposit all payments made for
Inventory, Accounts or other payments constituting proceeds of Collateral, in the case of the
Parent and its Subsidiaries, in the identical form in which such payment was made, whether by cash
or check. The Collecting Banks shall acknowledge and agree, pursuant to an Account Control
Agreement, that all payments made to the Blocked Accounts are for the benefit of the Collateral
Agent and the Secured Parties, and that the Collecting Banks have no right to setoff against the
Blocked Accounts, other than for customary charges of the Collecting Bank for depositary services.
Upon the occurrence and continuance of an Event of Default, the Parent and each Subsidiary shall
irrevocably instruct each Collecting Bank to promptly transfer all payments or deposits (with
certain exceptions as agreed to by the Collateral Agent) into the Blocked Accounts into the
Collateral Agent&#146;s Account on each Business Day. If any Loan Party shall receive any monies,
checks, notes, drafts or any other payments relating to and/or proceeds of accounts or other
Collateral, such Person shall hold such instrument or funds in trust for the Collateral Agent, and,
immediately upon receipt thereof, shall remit the same or cause the same to be remitted, in kind,
to the Blocked Accounts or after the occurrence and continuance of an Event of Default, to the
Collateral Agent at its address set forth in <U>Section&nbsp;10.02</U> below;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Exceptions</U>. Notwithstanding the foregoing, nothing set forth in this <U>Section
5.13</U> shall require the creation or perfection of pledges of or security interests in particular
assets if and for so long as, in the judgment of the Collateral Agent, the cost of creating or
perfecting such pledges or security interests in such assets shall be excessive in view of the
benefits to be obtained by the Lenders therefrom. The Collateral Agent may grant extensions of
time for the perfection of security interests in particular assets (including extensions beyond the
Closing Date for the perfection of security interests in the assets of the Loan Parties on such
date) where it determines that perfection cannot be accomplished without undue effort or expense by
the time or times at which it would otherwise be required by this Agreement or the Security
Documents.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-81-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.14 <U>Intentionally Omitted</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.15 <U>Further Assurances in General</U>. Execute any and all further documents,
financing statements, agreements and instruments, and take all such further actions (including the
filing and recording of financing or continuation statements or amendments thereto (or similar
documents required by any laws of any applicable jurisdiction)), which may be required under any
Legal Requirement, or which the Administrative Agent, the Collateral Agent or the Majority Lenders
may reasonably request, all at the expense of the Borrower. The Borrower also agrees to provide to
the Collateral Agent, from time to time upon request, evidence reasonably satisfactory to the Collateral Agent as to the perfection and priority of
the Liens created or intended to be created by the Security Documents. The Borrower agrees not to
effect or permit any change referred to in <U>Section&nbsp;5.07(e)</U> unless all filings have been
made under the Uniform Commercial Code or otherwise that are required in order for the Collateral
Agent to continue at all times following such change to have, and each Loan Party agrees to take
all necessary action to ensure that the Collateral Agent does continue at all times to have, a
valid, legal and perfected security interest in all the Collateral.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.16 <U>Post-Closing Items for InServ Acquisition</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Real Properties</U>. Within 30&nbsp;days following the InServ Closing Date, the Borrower
shall deliver to the Collateral Agent all appropriate evidence required by the Collateral Agent
necessary to determine that arrangements have been made for the Collateral Agent for the benefit of
Secured Parties to have an Acceptable Security Interest in all or substantially all of real
property owned by InServ and its Subsidiaries, including, without limitation, (i)&nbsp;Mortgages
executed by InServ and each of its Subsidiaries that owns real property granting a Lien to the
Collateral Agent in such property described therein to secure the Obligations, together with any
other documents, agreements or instruments necessary to create an Acceptable Security Interest in
such Mortgaged Property; (ii)&nbsp;if requested by Administrative Agent, favorable opinions from local
counsel located in the jurisdiction of each Mortgaged Property; (iii)&nbsp;ALTA lender&#146;s title insurance
policies (or commitments therefore) issued by title insurers reasonably satisfactory to the
Collateral Agent in form and substance and in amounts reasonably satisfactory to the Collateral
Agent insuring the Collateral Agent that such Mortgages are valid and enforceable first priority
mortgage liens on the respective Mortgaged Property, free and clear of all defects and encumbrances
except Permitted Liens; and (iv)&nbsp;current surveys, certified by a licensed surveyor, for each such
Mortgaged Property.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Deposit Accounts</U>. Within 30&nbsp;days following the InServ Closing Date, the Borrower
shall deliver to the Administrative Agent such Account Control Agreements for InServ and its
Material Subsidiaries as required under Section&nbsp;5.13 above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Landlord Agreements</U>. Within 30&nbsp;days following the InServ Closing Date, the
Borrower shall either (i)&nbsp;deliver to the Collateral Agent such landlord lien waivers or lien
subordination agreements as the Collateral Agent may request and executed by the lessor of any real
properties leased by InServ or its Material Subsidiaries at which any Collateral is located, or
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-82-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(ii)&nbsp;move such Collateral to a location sufficiently covered by landlord lien waivers or lien
subordination agreements as the Collateral Agent may request; provided that, if the Borrower is
diligently pursuing such landlord lien waivers or lien subordination agreements or diligently
pursuing such alternative locations for the Collateral, the Collateral Agent may provide a one-time
extension of the 30&nbsp;day requirement to a period that would be reasonably acceptable to the
Collateral Agent.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.17 <U>Post-Closing Items for Certain Canadian Assets</U>. Within 90&nbsp;days following
the Closing Date (or such longer period provided by a one-time extension by the Collateral Agent),
unless the Restructuring Transaction has occurred prior to or on such date, the Borrower shall
deliver:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Mortgages executed by each Loan Party that owns real property located in Canada granting a
Lien to the Collateral Agent in such Mortgaged Property to secure the Obligations, together with
any other documents, agreements or instruments necessary to create an Acceptable Security Interest
in such Mortgaged Property;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;favorable opinions from local counsel located in the jurisdiction of each Mortgaged
Property;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;ALTA lender&#146;s title insurance policies issued by title insurers reasonably satisfactory to
the Collateral Agent in form and substance and in amounts reasonably satisfactory to the
Administrative Agent assuring the Administrative Agent that the Mortgages are valid and enforceable
first priority mortgage liens on the respective Mortgaged Property, free and clear of all defects
and encumbrances except Permitted Liens; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;current surveys, certified by a licensed surveyor, for all such real property.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE VI</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>NEGATIVE COVENANTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So long as the Advances or any amount under any Loan Document shall remain unpaid, any Lender
shall have any Commitment, or there shall exist any Letter of Credit Exposure, no Loan Party shall,
and shall cause each of its Subsidiaries not to:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.01 <U>Liens, Etc</U>. Create, assume, incur or suffer to exist, any Lien on or in
respect of any of its Property whether now owned or hereafter acquired, other than the following
(&#147;<U>Permitted Liens</U>&#148;):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Liens created pursuant to any Loan Document;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Excepted Liens;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Liens existing on the Closing Date and described in <U>Schedule&nbsp;6.01</U>; provided that
such Liens shall secure only those obligations which they secure on the date hereof and extensions,
renewals and replacements thereof permitted hereunder;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-83-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Liens securing Debt permitted under <U>Section&nbsp;6.02(f)</U> and <U>Section&nbsp;6.02(j)</U>;
<U>provided</U> that (i)&nbsp;such Liens do not at any time encumber any property other than the
property financed by such Debt and the Proceeds thereof, and (ii)&nbsp;the Debt secured thereby does not
exceed the lesser of the cost or fair market value of the property being acquired or financed on
the date of acquisition or financing;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Liens in respect of Permitted Securitization by a Loan Party; provided that such Liens do
not encumber at any time any property other than the Receivables and Related Security assigned from
time to time to one or more investors or other purchasers thereof (other than the Borrower, any
other Loan Party or any Subsidiary or Affiliate thereof);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;purchase money Liens or purchase money security interests upon or in any equipment
acquired or held by the Borrower or any of its Subsidiaries in the ordinary course of business
prior to or at the time of the Borrower&#146;s or such Subsidiary&#146;s acquisition of such equipment;
<U>provided</U> that the Debt secured by such Liens is permitted under Section&nbsp;6.02(l) below; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;Liens not otherwise permitted hereunder; provided that the obligations secured by such
Lien does not exceed $500,000 in the aggregate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.02 <U>Debts, Guaranties and Other Obligations</U>. Create, assume, suffer to exist
or in any manner become or be liable, in respect of any Debt except:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Debt under the Loan Documents;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Debt existing on the Closing Date and described in <U>Schedule&nbsp;6.02</U> and any
refinancings, extensions, renewals or replacements of such Debt to the extent the principal amount
of such Debt is not increased, neither the final maturity nor the weighted average life to maturity
of such Debt is decreased, and, if such Debt is subordinated to the obligations of a Loan Party
hereunder, such Debt remains so subordinated on terms no less favorable to the Lenders and no more
restrictive on the Loan Parties than the Subordinated Debt being refinanced, and in an amount not
less than the amount outstanding at the time of refinancing;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Debt of the Loan Parties to another Loan Party; <U>provided</U> that (i)&nbsp;such Debt of any
Loan Party is subordinated to the Obligations pursuant to a subordination agreement in form and
substance reasonably acceptable to the Administrative Agent; and (ii)&nbsp;any such loans and advances
made by a Loan Party, if evidenced by a promissory note, shall be pledged to the Administrative
Agent for the ratable benefit of the Secured Parties;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Debt of the Loan Parties to Subsidiaries that are not Loan Parties; <U>provided</U> that
such Debt would be a permitted Investment pursuant to <U>Section&nbsp;6.05(e)</U>;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Guarantees of the Parent or any Wholly-Owned Subsidiary in respect of Debt or other
obligations otherwise permitted hereunder of the Parent or any Wholly-Owned Subsidiary;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Capital Leases incurred to make Capital Expenditures permitted pursuant to <U>Section
6.15</U>;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-84-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;obligations (contingent or otherwise) of the Parent or any Wholly-Owned Subsidiary
existing or arising under any Swap Contract permitted under Section&nbsp;6.11;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;the Convertible Senior Notes;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;unsecured Debt in an aggregate principal amount not to exceed $10,000,000 at any time
outstanding;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;secured Debt secured solely by interests or contract rights in the Governmental Fueling
Facilities incurred in connection with the construction of the Governmental Fueling Facilities;
<U>provided</U>, <U>however</U> that (A)&nbsp;the aggregate outstanding amount of such Debt does not
exceed $15,000,000 at any time during the construction phase of such Governmental Fueling
Facility, (B)&nbsp;upon completion of construction of, and commencement of revenues resulting from, a
Governmental Fueling Facility, such Debt is, or concurrent with such completion and commencement,
becomes non-recourse to the Parent and its Subsidiaries and neither the Parent nor any of its
Subsidiaries shall have any liability whatsoever, whether direct or indirect, contingent or
otherwise, for such Debt and the provider of such Debt shall have no recourse to any of the assets
of the Parent and its Subsidiaries (other than the Governmental Fueling Facilities); and (C)&nbsp;in any
event and at all times, the provider of such Debt shall have no Lien in any assets of the Parent
and its Subsidiaries (other than the Governmental Fueling Facilities);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;the Permitted Securitization by a Loan Party (and any performance guaranty given by the
Borrower in connection with the Permitted Securitization provided such performance guaranty applies
only to the servicer&#146;s or originator&#146;s obligations thereunder); and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;Debt secured by the Liens permitted under Section&nbsp;6.01(f); provided that, such Debt (i)
does not exceed $2,000,000 in the aggregate at any time, (ii)&nbsp;was incurred solely for the purpose
of financing the acquisition of such equipment, and does not exceed the aggregate purchase price of
such equipment, (iii)&nbsp;is secured only by such equipment, the insurance proceeds related thereto and
not by any other assets, and (iv)&nbsp;is not increased in amount;
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><I>provided that, </I></U>notwithstanding anything herein to the contrary, including any provisions of
this Section&nbsp;6.02, from and after the consummation of the Restructuring Transaction, the Parent
shall not permit any Canadian Holding Company to create, assume, suffer to exist or in any manner
become or be liable, in respect of any Debt.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.03 <U>Merger or Consolidation</U>. Merge, dissolve, liquidate, consolidate with or
into another Person, except that, so long as no Default or Event of Default exists or would result
therefrom:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;(i)&nbsp;any Subsidiary (other than the Borrower) may merge with the Parent or the Borrower,
<U>provided</U> that the Parent or the Borrower shall be the continuing or surviving Person, or
(ii)&nbsp;any Guarantor (other than the Parent) may merge with another Person, <U>provided</U> that the
Guarantor shall be the continuing or surviving Person or such continuing or surviving Person if not
the Guarantor, shall become a Guarantor in accordance with <U>Section&nbsp;5.12</U> unless such
surviving Person is the Borrower;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-85-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;the Parent may cause the Restructuring Transaction to occur; <U>provided</U> that: (i)
the Parent notifies the Administrative Agent of such Restructuring Transaction at least 30&nbsp;days
prior to such Restructuring Transaction; and (ii)&nbsp;the New U.S. Parent (A)&nbsp;becomes a Guarantor by
executing and delivering to the Administrative Agent a counterpart of this Agreement or such other
document as the Administrative Agent shall deem appropriate for such purpose, (B)&nbsp;delivers to the
Administrative Agent documents of the types referred to in clauses <U>Section&nbsp;3.01(a)(ix)</U>,
<U>(x)</U>, <U>(xi)</U> and <U>(xii)</U> and favorable opinions of counsel to the New U.S.
Parent (which shall cover, among other things, the legality, validity, binding effect and
enforceability of the documentation referred to in clause (i)), all in form, content and scope
reasonably satisfactory to the Administrative Agent, (C)&nbsp;executes such other Security Documents as
the Collateral Agent, the Administrative Agent or any Lender may reasonably request, in each to
grant a Lien in its Properties other than Excluded Properties, (D)&nbsp;agrees to execute any and all further
documents, financing statements, agreements and instruments, and take all such further actions
(including the filing and recording of financing or continuation statements or amendments thereto
(or similar documents required by any laws of any applicable jurisdiction)), which may be required
under any Legal Requirement, or which the Administrative Agent or the Collateral Agent may
reasonably request, all at the expense of the Loan Parties, and (E)&nbsp;provides evidence reasonably
satisfactory to the Collateral Agent as to the continued enforceability of each surviving Loan
Party&#146;s guaranty under <U>Article&nbsp;VIII</U> hereunder, perfection and priority of the Liens created
or intended to be created by the Security Documents (other than as to Excluded Properties); and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;the Parent may dissolve or liquidate any Subsidiary (other than a Material Subsidiary);
provided that, the assets of such dissolved or liquidated Subsidiary is Disposed of in accordance
with <U>Section&nbsp;6.04</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.04 <U>Asset Dispositions</U>. Make any Asset Disposition or enter into any
agreement to make any Asset Disposition (whether pursuant to one transaction or in a series of
transactions), except:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Asset Dispositions of equipment or real property to the extent that (i)&nbsp;such Asset
Disposition is in the ordinary course of business and (ii) (x)&nbsp;such property is exchanged for
credit against the purchase price of similar replacement property or (y)&nbsp;the proceeds of such
Disposition are reasonably promptly applied to the purchase price of other equipment or real
property;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Asset Dispositions by the Parent to any Subsidiary or by any Subsidiary (other than the
Borrower) to the Parent or to another Subsidiary; <U>provided</U> that if the transferor of such
property is a Loan Party, the transferee thereof must be a Loan Party;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Asset Dispositions by the Parent or any Wholly-Owned Subsidiary to any Person that is not
a Loan Party or a Subsidiary of any Loan Party not otherwise permitted under this <U>Section
6.04</U>; <U>provided</U> that (i)&nbsp;at the time of such Disposition, no Default or Event of Default
shall exist or would result from such Asset Disposition and (ii)&nbsp;the aggregate of the greatest of
(A)&nbsp;book value, (B)&nbsp;market value and (C)&nbsp;purchase price of all property Disposed of in reliance on
this clause (c)&nbsp;in any fiscal year shall not exceed 5% of the Tangible Net Worth as of the date of
such Asset Disposition;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-86-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Investments permitted by <U>Section&nbsp;6.05</U> and Restricted Payments permitted by
<U>Section&nbsp;6.06;</U> and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Asset Dispositions of equipment used in connection with the Nigerian Operations and no
longer used or useful.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.05 <U>Investments and Acquisitions</U>. Make any Investments or Acquisitions
except:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Investments in the form of Cash Equivalents;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;existing Investments of the Parent and its Subsidiaries in Subsidiaries and other
Investments in existence on the Closing Date;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;advances to officers, directors and employees of the Parent and Wholly-Owned Subsidiaries
in an aggregate amount not to exceed $1,000,000 at any time outstanding, for travel, entertainment,
relocation and analogous ordinary business purposes;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Investments of a Loan Party in another Loan Party that is a North American Subsidiary;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Investments of a Loan Party, whether directly or indirectly, in any North American
Subsidiary that is not a Loan Party (including any North American Subsidiary that ceases to be a
Loan Party as a result of the Restructuring Transaction) or any Foreign Subsidiary in an aggregate
principal amount not to exceed $25,000,000;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Investments consisting of extensions of credit in the nature of accounts receivable or
notes receivable arising from the grant of trade credit in the ordinary course of business, and
Investments received in satisfaction or partial satisfaction thereof from financially troubled
account debtors to the extent reasonably necessary in order to prevent or limit loss;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;Debt permitted by <U>Sections&nbsp;6.02(c)</U> and <U>(d)</U> and Guarantees permitted by
<U>Section&nbsp;6.02</U>;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;subject to the limitations set forth in (d)&nbsp;and (e)&nbsp;above, Investments in Subsidiaries
that become Guarantors pursuant to <U>Section&nbsp;5.12</U>;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;Investments under Swap Contracts permitted under <U>Section&nbsp;6.02(g)</U>;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;Acquisitions (other than the InServ Acquisition) so long as:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) both before and after giving effect to each such Acquisition, no Default or Event
of Default exists or will exist or would result therefrom;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) as soon as available, but not less than five Business Days prior to each such
Acquisition, the Borrower has provided to the Lenders a copy of the information provided to
the board of directors of the Borrower or other Loan Party making such Acquisition;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-87-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the cash consideration paid in connection with all such Acquisitions does not
exceed $50,000,000 in the aggregate since the Closing Date; provided that the requirement in
this clause (iii)&nbsp;shall not apply if Liquidity before and after giving effect such
Acquisitions is greater than $200,000,000;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) (A)&nbsp;if any such Acquisition is an Acquisition of the Equity Interests of a Person,
the Acquisition is structured so that the acquired Person shall become a Subsidiary of a
Loan Party and comply with the provisions of <U>Section&nbsp;5.12</U>; <U>provided</U>,
<U>however</U>, that such Acquisition is not hostile and is otherwise approved by the Board
of Directors, or other equivalent governing body, of such Person, and (B)&nbsp;if such
Acquisition is an Acquisition of assets, the Acquisition is structured so that a Loan
Party shall acquire such assets;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) no Loan Party shall, as a result of or in connection with any such Acquisition,
assume or incur any direct or contingent liabilities (whether relating to environmental,
tax, litigation, or other matters) that could reasonably be expected, as of the date of such
Acquisition, to result in the existence or occurrence of a Material Adverse Effect;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) the Parent shall certify (and provide the Administrative Agent with a pro forma
calculation in form and substance reasonably satisfactory to the Administrative Agent to the
Administrative Agent (and the Administrative Agent shall promptly provide such
certification, together with the related pro forma calculations, to the Lenders) that, after
giving effect to completion of each such Acquisition, the Parent would be in compliance with
<U>Sections&nbsp;6.16</U>, <U>6.17</U> and <U>6.18</U> on a pro forma basis; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) each such Acquisition is of assets to be used in the Parent&#146;s and its
Subsidiaries&#146; respective businesses or is of Equity Interests of a Person engaged in
business substantially the same as or substantially related or incidental to those of the
Parent and its Subsidiaries, in each case compared to the lines of business of the Parent
and its Subsidiaries as conducted on the date of this Agreement, and after the InServ
Acquisition, the lines of business of the Parent and its Subsidiaries as conducted on the
InServ Closing Date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;the InServ Acquisition pursuant to the terms of the InServ Acquisition Instruments; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;other Investments not exceeding $5,000,000 in the aggregate in any fiscal year; provided
that, if Liquidity is equal to or greater than $200,000,000 before and after giving effect to any
such Investments, the Parent and its Subsidiaries may make other Investments in excess of
$5,000,000; provided further that, in no event shall the Investments permitted under this clause
(l)&nbsp;exceed $50,000,000 in the aggregate since the Closing Date.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Notwithstanding anything in this Agreement to the contrary, Investments permitted under <U>Section
6.05(e)</U>, <U>(j)</U> and <U>(l)</U> may only be made to the extent that (a)&nbsp;Liquidity is equal
to or greater than $35,000,000 at the time of such Investment and after giving effect thereto and
(b)&nbsp;the Leverage Ratio, after giving pro forma effect to such Investment, is less than 1.50 to
1.00.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->-88-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.06 <U>Restricted Payments</U>. Declare or make, directly or indirectly, any
Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;each Subsidiary of the Parent may make Restricted Payments to the Parent or any of its
other Wholly-Owned Subsidiaries;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;provided that no Default or Event of Default would exist, the Parent may declare and make
dividend payments or other distributions payable to the holders of its Equity Interests solely in
the common stock or other common equity interests of such Person (<U>provided</U> that such common
stock is not mandatorily redeemable by the holder thereof, is not subject to any
repurchase requirements by the Parent and does not have a scheduled maturity date prior to the
date that is 180&nbsp;days after the Maturity Date);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;provided that no Default or Event of Default would exist, the Parent may purchase, redeem
or otherwise acquire shares of its common stock or other common equity interests or warrants or
options to acquire any such shares with the proceeds received from the substantially concurrent
issue of new shares of its common stock or other common equity interests (<U>provided</U> that
such newly issued common stock is not mandatorily redeemable by the holder thereof, is not subject
to any repurchase requirements by the Parent and does not have a scheduled maturity date prior to
the date that is 180&nbsp;days after the Maturity Date);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;repurchase stock beneficially owned by its employees (including Affiliates) in connection
with the Parent&#146;s, Willbros International, Inc.&#146;s and the Borrower&#146;s non-qualified stock ownership
plans not exceeding $2,000,000 in the aggregate since the Closing Date;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;declare and make a distribution of preferred or common share purchase rights, and redeem
or exchange outstanding preferred or common share purchase rights pursuant to that certain Rights
Agreement dated as of April&nbsp;1, 1999, between the Parent and Mellon Shareholder Services, L.L.C., as
amended, or any similar agreements between such parties which extends or replaces such Rights
Agreement; provided that the consideration for any such redemption or exchange does not exceed in
the aggregate $350,000; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;payments permitted pursuant to <U>Section&nbsp;6.14</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.07 <U>Change in Nature of Business</U>. In the case of the Borrower or any
Subsidiary of the Parent, engage in any line of business substantially different from those lines
of business conducted by the Parent and its Subsidiaries on the date hereof or any business
substantially related or incidental thereto; and from and after the InServ Closing Date, engage in
any line of business substantially different from those lines of business conducted by the Parent
and its Subsidiaries immediately following the InServ Closing Date or any business substantially
related or incidental thereto. In the case of the Parent, engage in any business or activity other
than (a)&nbsp;the ownership of all outstanding Capital Securities in the Borrower and its other
Subsidiaries, (b)&nbsp;maintaining its corporate existence, (c)&nbsp;participating in tax, accounting and
other administrative activities as the parent of the consolidated group of companies, including the
Loan Parties, (d)&nbsp;the execution and delivery of the Loan Documents to which it is a party and the
performance of its obligations thereunder, and (e)&nbsp;activities incidental to the businesses or
activities described in clauses (a)&nbsp;through (d)&nbsp;of this Section.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-89-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.08 <U>Transactions With Affiliates</U>. Enter into any transaction of any kind
with any Affiliate of the Parent, whether or not in the ordinary course of business, including,
without limitation, any payment by the Parent or any of its Wholly-Owned Subsidiaries of any
management, consulting or similar fees to any Affiliate, whether pursuant to a management agreement
or otherwise, other than on fair and reasonable terms substantially as favorable or more favorable
to the Parent or such Subsidiary as would be obtainable by the Parent or such Subsidiary at the
time in a comparable arm&#146;s length transaction with a Person other than an Affiliate, other than
transactions (a)&nbsp;between Loan Parties, (b)&nbsp;otherwise permitted by this
Agreement, and (c)&nbsp;pursuant to arrangements existing on the date hereof and set forth on
<U>Schedule&nbsp;6.08</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.09 <U>Agreements Restricting Liens and Distributions</U>. Create or otherwise
cause or suffer to exist any prohibition, encumbrance or restriction which prohibits or otherwise
(a)&nbsp;restricts the ability (i)&nbsp;of any Subsidiary to make Restricted Payments to any Loan Party or to
otherwise transfer property to any Loan Party, (ii)&nbsp;of any Subsidiary to Guarantee the Debt of any
Loan Party, or (iii)&nbsp;of the Borrower or any Subsidiary to create, incur, assume or suffer to exist
Liens on property of such Person; <U>provided</U>, <U>however</U>, that this clause (iii)&nbsp;shall
not prohibit (A)&nbsp;any negative pledge incurred or provided in favor of any holder of Debt permitted
under <U>Section&nbsp;6.02</U> solely to the extent any such negative pledge relates to the Property
financed by or the subject of such Debt or (B)&nbsp;any negative pledge provided pursuant to any
Permitted Securitization by a Loan Party in favor of investors or other purchasers thereof (other
than the Borrower, any other Loan Party or any Subsidiary or Affiliate thereof), in which case, any
prohibition or limitation shall only be effective against the Receivables and Related Security
assigned thereunder); or (b)&nbsp;requires the grant of a Lien to secure an obligation of such Person if
a Lien is granted to secure another obligation of such Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.10 <U>Limitation on Accounting Changes or Changes in Fiscal Periods</U>. Permit
(a)&nbsp;any change in any of its accounting policies affecting the presentation of financial statements
or reporting practices, except as required or permitted by GAAP or (b)&nbsp;the fiscal year of the
Parent or any of its Subsidiaries to end on a day other than December&nbsp;31 or change the Parent&#146;s
method of determining fiscal quarters.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.11 <U>Limitation on Speculative Hedging</U>. (a)&nbsp;Purchase, assume, or hold a
speculative position in any commodities market or futures market or enter into any Swap Contract
for speculative purposes or taking a &#147;market view&#148;, (b)&nbsp;be party to or otherwise enter into any
Swap Contract which (i)&nbsp;is entered into for reasons other than as a part of its normal business
operations as a risk management strategy and/or hedge against changes resulting from market
conditions related to the Parent&#146;s or its Subsidiaries&#146; operations, (ii)&nbsp;is longer than the
Maturity Date, or (iii)&nbsp;obligates any Loan Party to any margin call requirements not permitted
under this Agreement, or (c)&nbsp;change its risk management policy without the Administrative Agent&#146;s
prior written consent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.12 <U>Use of Proceeds</U>. Use the proceeds of the Revolving Advances and Letters
of Credit (a)&nbsp;for purposes other than general corporate purposes or (b)&nbsp;to pay any portion of the
purchase price for the InServ Acquisition. Use any part of the proceeds of Advances or Letters of
Credit for any purpose which violates, or is inconsistent with, Regulations T, U, or X.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-90-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.13 <U>Sale and Leaseback Transactions and other Off-Balance Sheet Liabilities</U>.
Enter into or suffer to exist any (a)&nbsp;Sale and Leaseback Transaction or (b)&nbsp;any other transaction
pursuant to which it incurs or has incurred Off-Balance Sheet Liabilities, except for Swap
Contracts permitted to be incurred under the terms of <U>Section&nbsp;6.02(g)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.14 <U>Convertible Senior Notes; Subordinated Debt</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Make any optional, mandatory or scheduled payments on account of principal or interest
(whether by redemption, purchase, retirement, defeasance, set-off or otherwise) in respect of the
Convertible Senior Notes or Subordinated Debt other than (i)&nbsp;scheduled interest payments in respect
of the Convertible Senior Notes required to be made in cash, and (ii)&nbsp;cash payments not to exceed
$15,000,000 in the aggregate during the term of this Agreement with respect to fractional shares or
as a part of a separately negotiated inducement to the holders of Convertible Senior Notes, in any
event, in connection with any conversion of the Convertible Senior Notes in accordance with the
terms of the indenture related thereto (as supplemented, modified or amended permitted by
subsection (b)&nbsp;below), into cash and, if applicable, shares of common stock of the Parent;
<U>provided</U> that, in each instance under the foregoing clause (i)&nbsp;and (ii), (A)&nbsp;Liquidity is
equal to or greater than $35,000,000 at the time of any such cash payment and conversion and after
giving effect thereto and (B)&nbsp;the Leverage Ratio, after giving pro forma effect to such payment and
conversion, is less than 1.50 to 1.00.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Permit any waiver, supplement, modification, amendment, termination or release of any
indenture, instrument or agreement pursuant to which the Convertible Senior Notes or any
Subordinated Debt (including, without limitation, the Subordinated Debt Documents) is outstanding
if such waiver, supplement, modification, amendment, termination or release would (i)&nbsp;increase the
maximum principal amount of such Convertible Senior Notes or Subordinated Debt or the ordinary
interest rate or the default interest rate on such Convertible Senior Notes or Subordinated Debt;
(ii)&nbsp;change the dates upon which payments of principal or interest are due on the Convertible
Senior Notes or such Subordinated Debt; (iii)&nbsp;change any event of default or add any covenant with
respect to the Convertible Senior Notes or such Subordinated Debt; (iv)&nbsp;change the payment,
redemption or prepayment provisions of the Convertible Senior Notes or such Subordinated Debt; (v)
with respect to any Subordinated Debt, change the subordination provisions thereof; or (vi)&nbsp;change
or amend any other term, if in each case such change or amendment would materially increase the
obligations of the obligor or confer additional material rights on the holder of such Convertible
Senior Notes or Subordinated Debt in a manner adverse to any Loan Party or any Secured Party.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.15 <U>Maximum Capital Expenditure Ratio</U>. If Liquidity is equal to or less than
$35,000,000 at any time during a fiscal quarter, permit the Capital Expenditure Ratio as of such
fiscal quarter end and as of the end of each of the three succeeding fiscal quarters thereafter to
be greater than 1.50 to 1.00.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-91-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.16 <U>Minimum Fixed Charge Coverage Ratio</U>. Permit the Fixed Charge Coverage
Ratio to be less than the following ratios for the following fiscal quarters:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Period</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Minimum Fixed Charge Coverage Ratio</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Each fiscal quarter ending on or prior
to March&nbsp;31, 2008</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">3.00 to 1.00</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Each fiscal quarter ending after March
31, 2008 but on or prior to December
31, 2008</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">3.25 to 1.00</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Each fiscal quarter ending after
December&nbsp;31, 2008</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">3.50 to 1.00</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.17 <U>Maximum Leverage Ratio</U>. Permit the Leverage Ratio to be greater than the
following ratios for the following fiscal quarters:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Period </TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Maximum Leverage Ratio</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Each fiscal quarter ending on or prior to March&nbsp;31,
2008</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">2.50 to 1.00</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Each fiscal quarter ending after March&nbsp;31, 2008 but
on or prior to December&nbsp;31, 2008</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">2.25 to 1.00</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Each fiscal quarter ending after December&nbsp;31, 2008</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">2.00 to 1.00</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.18 <U>Minimum Net Worth</U>. Permit the Net Worth to be less than (a)&nbsp;the Parent&#146;s
consolidated Net Worth as reflected in the Form 10-Q filed with the SEC for the fiscal quarter
ended September&nbsp;30, 2007 <U>plus</U> (b)&nbsp;an amount equal to 50% of the Consolidated Net Income
earned in each full fiscal quarter ending after December&nbsp;31, 2007 (with no deduction for a net loss
in any such fiscal quarter) <U>plus</U> (c)&nbsp;75% of the Equity Issuance Proceeds from any Equity
Issuance after the Closing Date (other than the Equity Offering) <U>plus</U> (d)&nbsp;80% of the Equity
Issuance Proceeds from the Equity Offering <U>plus</U> (e)&nbsp;75% of the stockholders&#146; equity
resulting from the conversion of the Debt under the Convertible Senior Notes into common stock of
the Parent after the Closing Date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.19 <U>Collateral Restrictions &#151; Deposit Accounts</U>. Subject to <U>Section
5.13</U> and <U>Section&nbsp;5.17(b)</U>, at any time (i)&nbsp;establish or maintain any Deposit Account or
other bank account, unless (a)&nbsp;such account is subject to an Account Control Agreement or
maintained with the Collateral Agent or such account is a foreign account for which an account
control agreement is not required to perfect the Collateral Agent&#146;s Lien therein under applicable
law, (b)&nbsp;such account contains less than $1,000,000 individually or, together with all other
accounts which are not subject to Account Control Agreements or maintained with the Collateral
Agent, $5,000,000 in the aggregate at any time, or (c)&nbsp;such account is a payroll account or (ii)
attempt to amend or terminate any Blocked Account or lockbox agreement without the Collateral
Agent&#146;s prior written consent.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-92-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE VII</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>EVENTS OF DEFAULT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.01 <U>Events of Default</U>. The occurrence of any of the following events shall
constitute an &#147;Event of Default&#148; under any Loan Document:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Payment</U>. The Borrower shall fail to pay (i)&nbsp;any principal of any Advance or
reimburse any drawing under any Letter of Credit when the same becomes due and payable including,
without limitation, any mandatory prepayment required by <U>Section&nbsp;2.08</U>, or (ii)&nbsp;any interest
on the Advances, any fees, reimbursements, indemnifications, or other amounts payable in connection
with the Obligations, this Agreement or under any other Loan Document within three days after the
same becomes due and payable;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Representation and Warranties</U>. Any representation or statement made or deemed to
be made by the Borrower or any other Loan Party (or any of their respective officers) in this
Agreement, in any other Loan Document, or in connection with this Agreement or any other Loan
Document shall prove to have been incorrect in any material respect when made or deemed to be made;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Covenant Breaches</U>. Any Loan Party shall (i)&nbsp;fail to perform or observe any
covenant contained in Sections <U>5.01</U>, <U>5.07(a)</U>, <U>5.07(e)</U>, <U>5.09</U>,
<U>5.11</U>, <U>5.12</U>, <U>5.14</U> and <U>Article&nbsp;VI</U> of this Agreement or (ii)&nbsp;fail to
perform or observe any other term or covenant set forth in this Agreement or in any other Loan
Document which is not covered by clause (i)&nbsp;above or any other provision of this <U>Section
7.01</U> if such failure shall remain unremedied for 30&nbsp;days;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Cross-Default</U>. (i)&nbsp;Any Loan Party or any of its Subsidiaries shall fail to pay
any principal of or premium or interest on any of its Debt which, individually or in the aggregate,
is outstanding in a principal amount of at least $5,000,000 (or the equivalent in any other
currency) individually or when aggregated with all such Debt of the Person so in default (but
excluding Debt evidenced by the Advances) when the same becomes due and payable (whether by
scheduled maturity, required prepayment, acceleration, demand or otherwise), (ii)&nbsp;any other event
shall occur or condition shall exist under any agreement or instrument relating to Debt which is
outstanding in a principal amount of at least $5,000,000 (or the equivalent in any other currency)
individually or when aggregated with all such Debt of the Person so in default (but excluding Debt
evidenced by the Advances), if the effect of such event or condition is to accelerate, or to permit
the acceleration of, the maturity of such Debt; or (iii)&nbsp;any such Debt shall be declared to be due
and payable, or required to be prepaid (other than by a regularly scheduled required prepayment),
prior to the stated maturity thereof;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;<U>Insolvency</U>. Any Loan Party shall generally not pay its debts as such debts become
due, or shall admit in writing its inability to pay its debts generally; commences negotiations
with one or more of its creditors with a view to rescheduling any of its indebtedness which it
would not otherwise be able to pay as it falls due or shall make a general assignment for
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->-93-<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the benefit of creditors; or any proceeding shall be instituted by or against the Borrower or any of
its Subsidiaries seeking to adjudicate it as a bankrupt or insolvent, or seeking liquidation,
winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or
its debts under any Debtor Relief Law, or seeking the entry of an order for relief or the
appointment of a receiver, trustee or other similar official for it or for any substantial part of
its property and, in the case of any such proceeding instituted against such Person, either such
proceeding shall remain undismissed for a period of 60&nbsp;days or any of the actions sought in such
proceeding shall occur; or such Person shall take any action to authorize any of the actions set
forth above in this paragraph (e)&nbsp;or any analogous procedure or step is taken in any jurisdiction;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;<U>Judgments</U>. Any judgment, decree or order for the payment of money (other than the
SEC/DOJ Settlement) shall be rendered against any Loan Party or any of its Subsidiaries in an
amount in excess of $15,000,000 (or the equivalent in any other currency) and either (i)
enforcement proceedings shall have been commenced by any creditor upon such judgment or order or
(ii)&nbsp;there shall be any period of 30 consecutive days during which a stay of enforcement of such
judgment or order, by reason of a pending appeal or otherwise, shall not be in effect;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;<U>ERISA</U>. (i)&nbsp;An ERISA Event occurs with respect to a Pension Plan or Multiemployer
Plan which has resulted or could reasonably be expected to result in liability of a Loan Party
under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount
in excess of $10,000,000, or (ii)&nbsp;the Parent or any ERISA Affiliate fails to pay when due, after
the expiration of any applicable grace period, any installment payment with respect to its
withdrawal liability under Section&nbsp;4201 of ERISA under a Multiemployer Plan in an aggregate amount
in excess of $10,000,000;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;<U>Loan Documents</U>. Any Loan Document, at any time after its execution and delivery
and for any reason other than as expressly permitted hereunder or satisfaction in full of all the
Obligations, ceases to be in full force and effect; or any Loan Party or any other Person contests
in any manner the validity or enforceability of any Loan Document; or any Loan Party denies that it
has any or further liability or obligation under any Loan Document, or purports to revoke,
terminate or rescind any Loan Document;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;<U>Security Documents</U>. The Administrative Agent and the Lenders shall fail to have
an Acceptable Security Interest in the Collateral; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;<U>Change in Control</U>. A Change of Control shall occur.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.02 <U>Optional Acceleration of Maturity</U>. If any Event of Default (other than
an Event of Default pursuant to paragraph <U>(e)</U> of <U>Section&nbsp;7.01</U>) shall have occurred
and be continuing, then, and in any such event:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;the Administrative Agent (i)&nbsp;shall at the request, or may, with the consent, of the
Majority Lenders, by notice to the Borrower, declare the Commitments and the obligation of each
Lender and the Issuing Bank to make extensions of credit hereunder, including making Advances and
issuing Letters of Credit, to be terminated, whereupon the same shall forthwith terminate, and (ii)
shall at the request, or may, with the consent, of the Majority Lenders, by notice to the Borrower,
declare all principal, interest, fees, reimbursements, indemnifications,
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-94-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">and all other amounts
payable under this Agreement and the other Loan Documents to be forthwith due and payable,
whereupon all such amounts shall become and be forthwith due and payable in full, without notice of
intent to demand, demand, presentment for payment, notice of nonpayment, protest, notice of
protest, grace, notice of dishonor, notice of intent to accelerate, notice of acceleration, and all
other notices, all of which are hereby expressly waived by the Borrower;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;the Borrower shall, on demand of the Administrative Agent at the request or with the
consent of the Majority Lenders, cash collateralize the Letters of Credit in accordance with
<U>Section&nbsp;7.07</U>; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;the Administrative Agent shall at the request of, or may with the consent of, the Majority
Lenders proceed to enforce its rights and remedies under the Security Documents, this Agreement,
and any other Loan Document for the ratable benefit of the Lenders by appropriate proceedings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.03 <U>Automatic Acceleration of Maturity</U>. If any Event of Default pursuant to
paragraph <U>(e)</U> of <U>Section&nbsp;7.01</U> shall occur:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;(i)&nbsp;the Commitments and the obligation of each Lender and the Issuing Bank to make
extensions of credit hereunder, including making Advances and issuing Letters of Credit, shall
terminate, and (ii)&nbsp;all principal, interest, fees, reimbursements, indemnifications, and all other
amounts payable under this Agreement and the other Loan Documents shall become and be forthwith due
and payable in full, without notice of intent to demand, demand, presentment for payment, notice of
nonpayment, protest, notice of protest, grace, notice of dishonor, notice of intent to accelerate,
notice of acceleration, and all other notices, all of which are hereby expressly waived by the
Borrower;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;the Borrower shall cash collateralize the Letters of Credit in accordance with <U>Section
7.07</U>; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;the Administrative Agent shall at the request of, or may with the consent of, the Majority
Lenders proceed to enforce its rights and remedies under the Security Documents, this
Agreement, and any other Loan Document for the ratable benefit of the Lenders by appropriate
proceedings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.04 <U>Non-exclusivity of Remedies</U>. No remedy conferred upon the Administrative
Agent, the Collateral Agent, the Issuing Bank and the Lenders is intended to be exclusive of any
other remedy, and each remedy shall be cumulative of all other remedies existing by contract, at
law, in equity, by statute or otherwise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.05 <U>Right of Set-off</U>. If an Event of Default shall have occurred and be
continuing, each Lender, the Issuing Bank, and each of their respective Affiliates is hereby
authorized at any time and from time to time, to the fullest extent permitted by Legal
Requirements, to set off and apply any and all deposits (general or special, time or demand,
provisional or final, in whatever currency) at any time held and other obligations (in whatever
currency) at any time owing by such Lender, the Issuing Bank or any such Affiliate to or for the
credit or the account of any Loan Party against any and all of the obligations of such Loan Party
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-95-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">now or hereafter existing under this Agreement or any other Loan Document to such Lender or the
Issuing Bank, irrespective of whether or not such Lender or the Issuing Bank shall have made any
demand under this Agreement or any other Loan Document and although such obligations of such Loan
Party may be contingent or unmatured or are owed to a branch or office of such Lender or the
Issuing Bank different from the branch or office holding such deposit or obligated on such
indebtedness. The rights of each Lender, the Issuing Bank and their respective Affiliates under
this Section are in addition to other rights and remedies (including other rights of setoff) that
such Lender, the Issuing Bank or their respective Affiliates may have. Each Lender and the Issuing
Bank agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and
application, provided that the failure to give such notice shall not affect the validity of such
setoff and application.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.06 <U>Application of Proceeds</U>. From and during the continuance of any Event of
Default, any monies or property actually received by the Administrative Agent or the Collateral
Agent pursuant to this Agreement or any other Loan Document, the exercise of any rights or remedies
under any Security Document or any other agreement with any Loan Party which secures any of the
Obligations, shall be applied in the following order:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>First</U>, to payment of the reasonable expenses, liabilities, losses, costs, duties,
fees, charges or other moneys whatsoever (together with interest payable thereon) as may have been
paid or incurred in, about or incidental to any sale or other realization of Collateral, including
reasonable compensation to the Administrative Agent and its agents and counsel, and to the ratable
payment of any other unreimbursed reasonable expenses and indemnities for which the Administrative
Agent, the Collateral Agent or any Secured Party is to be reimbursed pursuant to this Agreement or
any other Loan Document, in each case that are then due and payable;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Second</U>, to the ratable payment of accrued but unpaid fees of the Administrative
Agent, commitment fees, letter of credit fees, and fronting fees owing to the Administrative Agent,
the Issuing Bank, and the Lenders in respect of the Advances and Letters of Credit under this
Agreement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Third</U>, to the ratable payment of accrued but unpaid interest on the Advances and
any unpaid Reimbursement Obligations then due and payable under this Agreement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Fourth</U>, to the Collateral Agent to cash collateralize the Letter of Credit
Exposure for all Lenders in accordance with <U>Section&nbsp;7.07</U>;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;<U>Fifth</U>, ratably, according to the then unpaid amounts thereof, without preference
or priority of any kind among them, to the ratable payment of all other Obligations then due and
payable which relate to Advances and Letters of Credit and which are owing to the Administrative
Agent, the Collateral Agent, the Issuing Bank and the Lenders;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;<U>Sixth</U>, ratably, according to the unpaid termination amounts thereof, to the
payment of all obligations of the Borrower or its Subsidiaries owing to any Swap Counterparty under
any Swap Contract, if any, then due and payable;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;<U>Seventh</U>, to the ratable payment of any other outstanding Obligations then due and
payable; and
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-96-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;<U>Eighth</U>, any excess after payment in full of all Obligations shall be paid to the
Borrower or any other Loan Party as appropriate or to such other Person who may be lawfully
entitled to receive such excess.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.07 <U>Letters of Credit</U>. If any Event of Default shall occur and be
continuing, on the Business Day on which the Borrower receives notice from the Collateral Agent
demanding the deposit of cash collateral pursuant to this paragraph, the Borrower agrees to deposit
into the LC Cash Collateral Account, an amount in Dollars in cash equal to 105% of the Letter of
Credit Exposure for all Lenders; <U>provided</U> that the obligation to deposit such amount will
become effective immediately, and such deposit will become immediately due and payable, without
demand or other notice of any kind, upon the occurrence of the Acceleration Date. Each such
deposit pursuant to this paragraph shall be held by the Collateral Agent as collateral for the
payment and performance of the obligations of the Borrower with respect to Letters of Credit under
<U>Section&nbsp;2.03</U>. The Collateral Agent shall have exclusive dominion and control, including
the exclusive right of withdrawal, over such account. Moneys in such account shall be applied by
the Collateral Agent to reimburse the Issuing Bank for LC Disbursements made by it with respect to
Letters of Credit for which the Issuing Bank has not been reimbursed pursuant to <U>Section
2.03</U> and, to the extent not so applied, shall be held to satisfy drawings under Letters of
Credit as they occur. If the Borrower is required to deposit an amount in the LC Cash Collateral
Account as a result of the occurrence of an Event of Default (and the Acceleration Date shall not
have occurred), such amount (to the extent not applied as aforesaid) shall be returned to the
Borrower within three Business Days after all Events of Default have been cured or waived. If at
any time either (x)&nbsp;the amount of cash held in the LC Cash Collateral Account exceeds 105% of the
Letter of Credit Exposure for all Lenders or (y)&nbsp;any cash remains on deposit in the LC Cash
Collateral Account after all Letters of Credit have either been fully drawn or expired, then such
excess or remaining amount shall be (A)&nbsp;if the Acceleration Date shall have occurred or Event of
Default shall be continuing, applied to the other Obligations, if any, in the order set forth
in <U>Section&nbsp;7.06</U> above and (B)&nbsp;otherwise, returned to the Borrower.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE VIII</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>THE GUARANTY</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.01 <U>Liabilities Guaranteed</U>. Each Guarantor hereby, joint and severally,
irrevocably and unconditionally guarantees the prompt payment at maturity of the Obligations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.02 <U>Nature of Guaranty</U>. This guaranty is an absolute, irrevocable, completed
and continuing guaranty of payment and not a guaranty of collection, and no notice of the
Obligations or any extension of credit already or hereafter contracted by or extended to the
Borrower need be given to any Guarantor. This guaranty may not be revoked by any Guarantor and
shall continue to be effective with respect to the Obligations arising or created after any
attempted revocation by such Guarantor and shall remain in full force and effect until the
Obligations are paid in full and the Commitments are terminated, notwithstanding that from time to
time prior thereto no Obligations may be outstanding. The Borrower and the Lenders may modify,
alter, rearrange, extend for any period and/or renew from time to time, the Obligations, and the
Lenders may waive any Default or Events of Default without notice to any Guarantor and in such
event each Guarantor will remain fully bound hereunder on the Obligations. This
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-97-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">guaranty shall
continue to be effective or be reinstated, as the case may be, if at any time any payment of the
Obligations is rescinded or must otherwise be returned by any of the Lenders upon the insolvency,
bankruptcy or reorganization of the Borrower or otherwise, all as though such payment had not been
made. This guaranty may be enforced by the Administrative Agent, the Lenders and any subsequent
holder of any of the Obligations and shall not be discharged by the assignment or negotiation of
all or part of the Obligations. Each Guarantor hereby expressly waives presentment, demand, notice
of non-payment, protest and notice of protest and dishonor, notice of Default or Event of Default,
and also notice of acceptance of this guaranty, acceptance on the part of the Lenders being
conclusively presumed by the Lenders&#146; request for this guaranty and the Guarantors&#146; being party to
this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.03 <U>Agent&#146;s Rights</U>. Each Guarantor authorizes the Administrative Agent,
without notice or demand and without affecting any Guarantor&#146;s liability hereunder, to take and
hold security for the payment of its obligations under this <U>Article&nbsp;VIII</U> and/or the
Obligations, and exchange, enforce, waive and release any such security; and to apply such security
and direct the order or manner of sale thereof as the Administrative Agent in its discretion may
determine, and to obtain a guaranty of the Obligations from any one or more Persons and at any time
or times to enforce, waive, rearrange, modify, limit or release any of such other Persons from
their obligations under such guaranties.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.04 <U>Guarantor&#146;s Waivers</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>General</U>. Each Guarantor waives any right to require any of the Lenders to (i)
proceed against the Borrower or any other person liable on the Obligations, (ii)&nbsp;enforce any of
their rights against any other guarantor of the Obligations, (iii)&nbsp;proceed or enforce any of
their rights against or exhaust any security given to secure the Obligations, (iv)&nbsp;have the
Borrower joined with any Guarantor in any suit arising out of this <U>Article&nbsp;VIII</U> and/or the
Obligations, or (v)&nbsp;pursue any other remedy in the Lenders&#146; powers whatsoever. It is agreed between
the Guarantors and the Lenders that the foregoing waivers are of the essence of the transaction
contemplated by this Agreement and the other Loan Documents and that, but for this Guaranty and
such waivers, the Lenders would not extend or continue to extend credit under this Agreement. The
Lenders shall not be required to mitigate damages or take any action to reduce, collect or enforce
the Obligations. Guarantor waives any defense arising by reason of any disability, lack of
corporate authority or power, or other defense of the Borrower or any other guarantor of the
Obligations, and shall remain liable hereon regardless of whether the Borrower or any other
guarantor be found not liable thereon for any reason. Whether and when to exercise any of the
remedies of the Lenders under any of the Loan Documents shall be in the sole and absolute
discretion of the Administrative Agent, and no delay by the Administrative Agent in enforcing any
remedy, including delay in conducting a foreclosure sale, shall be a defense to any Guarantor&#146;s
liability under this <U>Article&nbsp;VIII</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;In addition to the waivers contained in <U>Section&nbsp;8.04(a)</U> hereof, the Guarantors
waive, and agree that they shall not at any time insist upon, plead or in any manner whatsoever
claim or take the benefit or advantage of, any appraisal, valuation, stay, extension, marshaling of
assets or redemption laws, or exemption, whether now or at any time hereafter in force, which may
delay, prevent or otherwise affect the performance by the Guarantors of their obligations under, or
the enforcement by any Agent or the Lenders of, this Guaranty. The Guarantors hereby
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-98-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">waive
diligence, presentment and demand (whether for nonpayment or protest or of acceptance, maturity,
extension of time, change in nature or form of the Obligations, acceptance of further security,
release of further security, composition or agreement arrived at as to the amount of, or the terms
of, the Obligations, notice of adverse change in the Borrower&#146;s financial condition or any other
fact which might materially increase the risk to the Guarantors) with respect to any of the
Obligations or all other demands whatsoever and waive the benefit of all provisions of law which
are or might be in conflict with the terms of this <U>Article&nbsp;VIII</U>. The Guarantors, jointly
and severally, represent, warrant and agree that, as of the date of this Guaranty, their
obligations under this Guaranty are not subject to any offsets or defenses of any kind against any
Agent, the Lenders, the Borrower or any other Person that executes a Loan Document. The Guarantors
further jointly and severally agree that their obligations under this Guaranty shall not be subject
to any counterclaims, offsets or defenses of any kind which may arise in the future against any
Agent, the Lenders, the Borrower or any other Person that executes a Loan Document.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Subrogation</U>. Until the Obligations have been paid in full, each Guarantor waives
all rights of subrogation or reimbursement against the Borrower, whether arising by contract or
operation of law (including, without limitation, any such right arising under any federal, state or
other applicable Debtor Relief Laws) and waives any right to enforce any remedy which the Lenders
now have or may hereafter have against the Borrower, and waives any benefit or any right to
participate in any security now or hereafter held by the Administrative Agent or any Lender.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.05 <U>Maturity of Obligations, Payment</U>. Each Guarantor agrees that if the
maturity of any of the Obligations is accelerated by bankruptcy or otherwise, such maturity shall
also be deemed accelerated for the purpose of this <U>Article&nbsp;VIII</U> without demand or notice to
any Guarantor. Each Guarantor will, forthwith upon notice from the Administrative Agent, jointly
and severally pay to the Administrative Agent the amount due and unpaid by the Borrower and
guaranteed hereby. The failure of the Administrative Agent to give this notice shall not in any way
release any Guarantor hereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.06 <U>Agent&#146;s Expenses</U>. If any Guarantor fails to pay the Obligations after
notice from the Administrative Agent of the Borrower&#146;s failure to pay any Obligations at maturity,
and if the Administrative Agent obtains the services of an attorney for collection of amounts owing
by any Guarantor hereunder, or obtaining advice of counsel in respect of any of their rights under
this <U>Article&nbsp;VIII</U>, or if suit is filed to enforce this <U>Article&nbsp;VIII</U>, or if
proceedings are had in any bankruptcy, probate, receivership or other judicial proceedings for the
establishment or collection of any amount owing by any Guarantor hereunder, or if any amount owing
by any Guarantor hereunder is collected through such proceedings, each Guarantor jointly and
severally agrees to pay to the Administrative Agent the Administrative Agent&#146;s reasonable
attorneys&#146; fees.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.07 <U>Liability</U>. It is expressly agreed that the liability of each Guarantor
for the payment of the Obligations guaranteed hereby shall be primary and not secondary.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-99-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.08 <U>Events and Circumstances Not Reducing or Discharging any Guarantor&#146;s
Obligations</U>. Each Guarantor hereby consents and agrees to each of the following to the fullest
extent permitted by law, and agrees that each Guarantor&#146;s obligations under this <U>Article
VIII</U> shall not be released, diminished, impaired, reduced or adversely affected by any of the
following, and waives any rights (including without limitation rights to notice) which each
Guarantor might otherwise have as a result of or in connection with any of the following:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Modifications, etc</U>. Any renewal, extension, modification, increase, decrease,
alteration or rearrangement of all or any part of the Obligations, or this Agreement or any
instrument executed in connection therewith, or any contract or understanding between the Borrower
and any of the Lenders, or any other Person, pertaining to the Obligations, or the waiver or
consent by any Agent or the Lenders with respect to any of the provisions hereof or thereof, or any
modification or termination of the terms of any intercreditor or subordination agreement pursuant
to which claims of other creditors against any Guarantor or Borrower are subordinated to the claims
of the Lenders or pursuant to which the Obligations are subordinated to claims of other creditors;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Adjustment, etc</U>. Any adjustment, indulgence, forbearance or compromise that might
be granted or given by any of the Lenders to the Borrower or any Guarantor or any Person liable on
the Obligations;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Condition of the Borrower or any Guarantor</U>. The insolvency, bankruptcy
arrangement, adjustment, composition, liquidation, disability, dissolution, death or lack of power
of the Borrower or any other Guarantor or any other Person at any time liable for the payment
of all or part of the Obligations; or any dissolution of the Borrower or any other Guarantor, or
any sale, lease or transfer of any or all of the assets of the Borrower or any other Guarantor, or
any changes in the shareholders, partners, or members of the Borrower or any other Guarantor; or
any reorganization of the Borrower or any other Guarantor;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Invalidity of Obligations</U>. The invalidity, illegality or unenforceability of all
or any part of the Obligations, or any document or agreement executed in connection with the
Obligations, for any reason whatsoever, including without limitation the fact that the Obligations,
or any part thereof, exceed the amount permitted by law, the act of creating the Obligations or any
part thereof is ultra vires, the officers or representatives executing the documents or otherwise
creating the Obligations acted in excess of their authority, the Obligations violate applicable
usury laws, the Borrower has valid defenses, claims or offsets (whether at law, in equity or by
agreement) which render the Obligations wholly or partially uncollectible from the Borrower, the
creation, performance or repayment of the Obligations (or the execution, delivery and performance
of any document or instrument representing part of the Obligations or executed in connection with
the Obligations, or given to secure the repayment of the Obligations) is illegal, uncollectible,
legally impossible or unenforceable, or this Agreement or other documents or instruments pertaining
to the Obligations have been forged or otherwise are irregular or not genuine or authentic;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;<U>Release of Obligors</U>. Any full or partial release of the liability of the Borrower
on the Obligations or any part thereof, of any co-guarantors, or any other Person now or hereafter
liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay,
perform, guarantee or assure the payment of the Obligations or any part thereof, it being
recognized, acknowledged and agreed by any Guarantor that such Guarantor may be required to pay the
Obligations in full without assistance or support of any other Person, and no Guarantor has been
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-100-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">induced to enter into this <U>Article&nbsp;VIII</U> on the basis of a contemplation, belief,
understanding or agreement that other parties other than the Borrower will be liable to perform the
Obligations, or the Lenders will look to other parties to perform the Obligations;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;<U>Other Security</U>. The taking or accepting of any other security, collateral or
guaranty, or other assurance of payment, for all or any part of the Obligations;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;<U>Release of Collateral etc.</U> Any release, surrender, exchange, subordination,
deterioration, waste, loss or impairment (including without limitation negligent, willful,
unreasonable or unjustifiable impairment) of any collateral, property or security, at any time
existing in connection with, or assuring or securing payment of, all or any part of the
Obligations;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;<U>Care and Diligence</U>. The failure of the Lenders or any other Person to exercise
diligence or reasonable care in the preservation, protection, enforcement, sale or other handling
or treatment of all or any part of such collateral, property or security;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;<U>Status of Liens</U>. The fact that any collateral, security, security interest or lien
contemplated or intended to be given, created or granted as security for the repayment of the
Obligations shall not be properly perfected or created, or shall prove to be unenforceable or
subordinate to any other security interest or lien, it being recognized and agreed by each
Guarantor that no Guarantor is entering into this <U>Article&nbsp;VIII</U> in reliance on, or in
contemplation of the benefits of, the validity, enforceability, collectibility or value of any of
the collateral for the Obligations;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;<U>Payments Rescinded</U>. Any payment by the Borrower to the Lenders is held to
constitute a preference under any Debtor Relief Law, or for any reason the Lenders are required to
refund such payment or pay such amount to the Borrower or someone else; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;<U>Other Actions Taken or Omitted</U>. Any other action taken or omitted to be taken
with respect to this Agreement, the Obligations, or the security and collateral therefor, whether
or not such action or omission prejudices any Guarantor or increases the likelihood that any
Guarantor will be required to pay the Obligations pursuant to the terms hereof, it being the
unambiguous and unequivocal intention of each Guarantor that each Guarantor shall be obligated to
joint and severally pay the Obligations when due, notwithstanding any occurrence, circumstance,
event, action, or omission whatsoever, whether contemplated or uncontemplated, and whether or not
otherwise or particularly described herein, except for the full and final payment and satisfaction
of the Obligations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.09 <U>Subordination of All Guarantor Claims</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;As used herein, the term &#147;Guarantor Claims&#148; shall mean all debts and liabilities of the
Borrower or any Subsidiary of the Borrower to any Guarantor, whether such debts and liabilities now
exist or are hereafter incurred or arise, or whether the obligation of the Borrower or such
Subsidiary thereon be direct, contingent, primary, secondary, several, joint and several, or
otherwise, and irrespective of whether such debts or liabilities be evidenced by note, contract,
open account, or otherwise, and irrespective of the person or persons in whose favor such debts or
liabilities may, at their inception, have been, or may hereafter be created, or the manner in
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-101-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">which
they have been or may hereafter be acquired by any Guarantor. The Guarantor Claims shall include
without limitation all rights and claims of any Guarantor against the Borrower or any Subsidiary of
the Borrower arising as a result of subrogation or otherwise as a result of such Guarantor&#146;s
payment of all or a portion of the Obligations. Until the Obligations shall be paid and satisfied
in full and each Guarantor shall have performed all of its obligations hereunder, no Guarantor
shall receive or collect, directly or indirectly, from the Borrower or any Subsidiary of the
Borrower or any other party any amount upon the Guarantor Claims.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Borrower and each Guarantor hereby (i)&nbsp;authorizes the Administrative Agent and the
Lenders to demand specific performance of the terms of this <U>Section&nbsp;8.09</U>, whether or not
the Borrower or any Guarantor shall have complied with any of the provisions hereof applicable to
it, at any time when it shall have failed to comply with any provisions of this <U>Section
8.09</U> which are applicable to it and (ii)&nbsp;irrevocably waives any defense based on the adequacy
of a remedy at law, which might be asserted as a bar to such remedy of specific performance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Upon any distribution of assets of any Loan Party in any dissolution, winding up,
liquidation or reorganization (whether in bankruptcy, insolvency or receivership proceedings or
upon an assignment for the benefit of creditors or otherwise):
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Lenders shall first be entitled to receive payment in full in cash of the
Obligations before the Borrower or any Guarantor is entitled to receive any payment on
account of the Guarantor Claims.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Any payment or distribution of assets of any Loan Party of any kind or character,
whether in cash, property or securities, to which the Borrower or any Guarantor would be
entitled except for the provisions of this <U>Section&nbsp;8.09(c)</U>, shall be paid by the
liquidating trustee or agent or other Person making such payment or distribution directly to
the Lenders, to the extent necessary to make payment in full of all Obligations remaining
unpaid after giving effect to any concurrent payment or distribution or provisions therefor
to the Lenders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;No right of the Lenders or any other present or future holders of any Obligations to
enforce the subordination provisions herein shall at any time in any way be prejudiced or impaired
by any act or failure to act on the part of any Loan Party or by any act or failure to act, in good
faith, by any such holder, or by any noncompliance by the Borrower or any Guarantor with the terms
hereof, regardless of any knowledge thereof which any such holder may have or be otherwise charged
with.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.10 <U>Claims in Bankruptcy</U>. In the event of receivership, bankruptcy,
reorganization, arrangement, debtor&#146;s relief, or other insolvency proceedings involving the
Borrower or any Subsidiary of the Borrower, as debtor, the Lenders shall have the right to prove
their claim in any proceeding, so as to establish their rights hereunder and receive directly from
the receiver, trustee or other court custodian, dividends and payments which would otherwise be
payable upon Guarantor Claims. Each Guarantor hereby assigns such dividends and payments to the
Lenders. Should the Administrative Agent or any Lender receive, for application upon the
Obligations, any such dividend or payment which is otherwise payable to any Guarantor, and which,
as between the Borrower or any Subsidiary of the Borrower and any Guarantor, shall
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-102-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">constitute a
credit upon the Guarantor Claims, then upon payment in full of the Obligations, such Guarantor
shall become subrogated to the rights of the Lenders to the extent that such payments to the
Lenders on the Guarantor Claims have contributed toward the liquidation of the Obligations, and
such subrogation shall be with respect to that proportion of the Obligations which would have been
unpaid if the Administrative Agent or a Lender had not received dividends or payments upon the
Guarantor Claims.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.11 <U>Payments Held in Trust</U>. In the event that notwithstanding <U>Sections
8.09</U> and <U>8.10</U> above, any Guarantor should receive any funds, payments, claims or
distributions which is prohibited by such Sections, such Guarantor agrees to hold in trust for the
Lenders an amount equal to the amount of all funds, payments, claims or distributions so received,
and agrees that it shall have absolutely no dominion over the amount of such funds, payments,
claims
or distributions except to pay them promptly to the Administrative Agent, and each Guarantor
covenants promptly to pay the same to the Administrative Agent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.12 <U>Benefit of Guaranty</U>. The provisions of this <U>Article&nbsp;VIII</U> are for
the benefit of the Lenders, their successors, and their permitted transferees, endorsees and
assigns. In the event all or any part of the Obligations are transferred, endorsed or assigned by
the Lenders, as the case may be, to any Person or Persons in accordance with the terms of this
Agreement, any reference to the &#147;Lenders&#148; herein, as the case may be, shall be deemed to refer
equally to such Person or Persons.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.13 <U>Reinstatement</U>. This <U>Article&nbsp;VIII</U> shall remain in full force and
effect and continue to be effective in the event any petition is filed by or against the Borrower,
any Guarantor or any other Loan Party for liquidation or reorganization, in the event that any of
them becomes insolvent or makes an assignment for the benefit of creditors or in the event a
receiver, trustee or similar Person is appointed for all or any significant part of any of their
assets, and shall continue to be effective or be reinstated, as the case may be, if at any time
payment and performance of the Obligations, or any part thereof, is, pursuant to Legal
Requirements, rescinded or reduced in amount, or must otherwise be restored or returned by the
Lenders, whether as a &#147;voidable preference,&#148; &#147;fraudulent conveyance,&#148; or otherwise, all as though
such payment or performance had not been made. In the event that any payment, or any part thereof,
is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced
only by such amount paid and not so rescinded, reduced, restored or returned.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.14 <U>Liens Subordinate</U>. Each Guarantor agrees that any liens, security
interests, judgment liens, charges or other encumbrances upon the Borrower&#146;s or any Subsidiary of
the Borrower&#146;s assets securing payment of the Guarantor Claims shall be and remain inferior and
subordinate to any liens, security interests, judgment liens, charges or other encumbrances upon
the Borrower&#146;s or any Subsidiary of the Borrower&#146;s assets securing payment of the Obligations,
regardless of whether such encumbrances in favor of any Guarantor, the Administrative Agent or the
Lenders presently exist or are hereafter created or attach.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.15 <U>Guarantor&#146;s Enforcement Rights</U>. Without the prior written consent of the
Lenders, no Guarantor shall (a)&nbsp;exercise or enforce any creditor&#146;s right it may have against the
Borrower or any Subsidiary of the Borrower, or (b)&nbsp;foreclose, repossess, sequester or otherwise
take steps or institute any action or proceeding (judicial or otherwise, including
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-103-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">without
limitation the commencement of or joinder in any liquidation, bankruptcy, rearrangement, debtor&#146;s
relief or insolvency proceeding) to enforce any lien, mortgages, deeds of trust, security interest,
collateral rights, judgments or other encumbrances on assets of the Borrower or any Subsidiary of
the Borrower held by Guarantor.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.16 <U>Limitation</U>. It is the intention of the Guarantors and each Secured Party
that the amount of the Obligations guaranteed by each Guarantor shall be in, but not in excess of,
the maximum amount permitted by fraudulent conveyance, fraudulent transfer and similar Legal
Requirement applicable to such Guarantor. Accordingly, notwithstanding anything to the contrary
contained in this <U>Article&nbsp;VIII</U> or in any other agreement or instrument executed in
connection with the payment of any of the Obligations guaranteed hereby, the amount of the
Obligations guaranteed by a Guarantor under this <U>Article&nbsp;VIII</U> shall be limited to an
aggregate amount equal to the largest amount that would not render such Guarantor&#146;s obligations
hereunder subject to avoidance under Section&nbsp;548 of the United States Bankruptcy Code or any
comparable provision of any other Legal Requirement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.17 <U>Contribution Rights</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;To the extent that any payment is made under this Guaranty (a &#147;<U>Guarantor
Payment</U>&#148;), by a Guarantor, which Guarantor Payment, taking into account all other Guarantor
Payments then previously or concurrently made by all other Guarantors, exceeds the amount which
such Guarantor would otherwise have paid if each Guarantor had paid the aggregate Obligations
satisfied by such Guarantor Payment in the same proportion that such Guarantor&#146;s Allocable Amount
(as defined below) (in effect immediately prior to such Guarantor Payment) bore to the aggregate
Allocable Amounts of all of the Guarantors in effect immediately prior to the making of such
Guarantor Payment, then, following the date on which the Obligations shall be paid and satisfied in
full and each Guarantor shall have performed all of its obligations hereunder, such Guarantor shall
be entitled to receive contribution and indemnification payments from, and be reimbursed by, each
of the other Guarantors for the amount of such excess, pro rata based upon their respective
Allocable Amounts in effect immediately prior to such Guarantor Payment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;As of any date of determination, the &#147;Allocable Amount&#148; of any Guarantor shall be equal to
the maximum amount of the claim which could then be recovered from such Guarantor under this
Guaranty without rendering such claim voidable or avoidable under Section&nbsp;548 of Chapter&nbsp;11 of the
United States Bankruptcy Code or under any applicable state Uniform Fraudulent Transfer Act,
Uniform Fraudulent Conveyance Act or similar statute or common law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;This <U>Section&nbsp;8.17</U> is intended only to define the relative rights of the Guarantors
and nothing set forth in this <U>Section&nbsp;8.17</U> is intended to or shall impair the obligations
of the Guarantors, jointly and severally, to pay any amounts as and when the same shall become due
and payable in accordance with the terms of this Guaranty.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The rights of the parties under this <U>Section&nbsp;8.17</U> shall be exercisable upon the
date the Obligations shall be paid and satisfied in full and each Guarantor shall have performed
all of its obligations hereunder.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-104-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;The parties hereto acknowledge that the right of contribution and indemnification
hereunder shall constitute assets of any Guarantor to which such contribution and indemnification
is owing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.18 <U>Release of Guarantors</U>. Upon the sale or disposition of any Guarantor
pursuant to the terms of this Agreement to any Person other than the Borrower or any other
Guarantor, the Administrative Agent shall, at the Borrower&#146; expense, execute and deliver to such
Guarantor such documents as such Guarantor shall reasonably require and take any other actions
reasonably required to evidence or effect the release of such Guarantor from this Agreement
and the other Loan Documents. In addition, if the Restructuring Transaction is completed and the
conditions set forth in Section&nbsp;6.03(b) have been met, each Foreign Subsidiary that is a Loan Party
shall be released as a Guarantor and the New U.S. Parent shall become a Guarantor hereto.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE IX</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>THE AGENTS AND THE ISSUING BANK</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.01 <U>Appointment and Authority</U>. Each of the Lenders and the Issuing Bank
hereby irrevocably appoints Calyon to act on its behalf as the Administrative Agent and Collateral
Agent hereunder and under the other Loan Documents and authorizes the Agents to take such actions
on its behalf and to exercise such powers as are delegated to such Agent by the terms hereof or
thereof, together with such actions and powers as are reasonably incidental thereto. The provisions
of this Article are solely for the benefit of the Agents, the Lenders and the Issuing Bank, and no
Loan Party shall have rights as a third party beneficiary of any of such provisions. Each of the
Secured Parties hereby acknowledges and confirms their agreement that the Collateral Agent is
subject to certain Security Documents as trustee for and on behalf of the Lenders or the terms of
the declaration of trust and other terms and conditions set forth in the applicable Security
Documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.02 <U>Rights as a Lender</U>. The Person serving as an Agent or the Issuing Bank
hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and
may exercise the same as though it were not an Agent or the Issuing Bank and the term &#147;Lender&#148; or
&#147;Lenders&#148; shall, unless otherwise expressly indicated or unless the context otherwise requires,
include the Person serving as an Agent or the Issuing Bank hereunder in its individual capacity.
Such Person and its Affiliates may accept deposits from, lend money to, act as the financial
advisor or in any other advisory capacity for and generally engage in any kind of business with the
Borrower or any Subsidiary or other Affiliate thereof as if such Person were not an Agent or the
Issuing Bank hereunder and without any duty to account therefor to the Lenders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.03 <U>Exculpatory Provisions</U>. None of the Agents or the Issuing Bank shall
have any duties or obligations except those expressly set forth herein and in the other Loan
Documents. Without limiting the generality of the foregoing, none of the Agents or the Issuing
Bank:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;shall be subject to any fiduciary or other implied duties, regardless of whether a Default
has occurred and is continuing;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-105-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;shall have any duty to take any discretionary action or exercise any discretionary powers,
except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents
that such Agent or Issuing Bank is required to exercise as directed in writing by the Majority
Lenders (or such other number or percentage of the Lenders as shall be expressly provided for
herein or in the other Loan Documents), <U>provided</U> that such Agent or Issuing Bank
shall not be required to take any action that, in its opinion or the opinion of its counsel,
may expose such Agent or Issuing Bank to liability or that is contrary to any Loan Document or
Legal Requirement; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;shall, except as expressly set forth herein and in the other Loan Documents, have any duty
to disclose, and shall not be liable for the failure to disclose, any information relating to the
Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as
Agent, Issuing Bank or any of their respective Affiliates in any capacity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">None of the Agents or the Issuing Bank shall be liable for any action taken or not taken by it (i)
with the consent or at the request of the Majority Lenders (or such other number or percentage of
the Lenders as shall be necessary, or as such Agent or Issuing Bank shall believe in good faith
shall be necessary, under the circumstances as provided in <U>Sections&nbsp;10.01</U>) or (ii)&nbsp;in the
absence of its own gross negligence or willful misconduct. None of the Agents or the Issuing Bank
shall be deemed to have knowledge of any Default unless and until notice describing such Default is
given to such Agent or the Issuing Bank by the Borrower, a Guarantor, a Lender or the Issuing Bank.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">None of the Agents or the Issuing Bank shall be responsible for or have any duty to ascertain or
inquire into (i)&nbsp;any statement, warranty or representation made in or in connection with this
Agreement or any other Loan Document, (ii)&nbsp;the contents of any certificate, report or other
document delivered hereunder or thereunder or in connection herewith or therewith, (iii)&nbsp;the
performance or observance of any of the covenants, agreements or other terms or conditions set
forth herein or therein or the occurrence of any Default, (iv)&nbsp;the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement,
instrument or document or (v)&nbsp;the satisfaction of any condition set forth in <U>Article&nbsp;III</U> or
elsewhere herein, other than to confirm receipt of items expressly required to be delivered to such
Agent or the Issuing Bank.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.04 <U>Reliance by the Agents and the Issuing Bank</U>. Each of the Agents and the
Issuing Bank shall be entitled to rely upon, and shall not incur any liability for relying upon,
any notice, request, certificate, consent, statement, instrument, document or other writing
(including any electronic message, Internet or intranet website posting or other distribution)
believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper
Person. Each of the Agents and the Issuing Bank also may rely upon any statement made to it orally
or by telephone and believed by it to have been made by the proper Person, and shall not incur any
liability for relying thereon. In determining compliance with any condition hereunder to the making
of a Advance, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the
satisfaction of a Lender or the Issuing Bank, the Administrative Agent may presume that such
condition is satisfactory to such Lender or the Issuing Bank unless the Administrative Agent shall
have received notice to the contrary from such Lender or the Issuing Bank prior to the making of
such Advance or the issuance of such Letter of Credit. Either Agent
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-106-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">or the Issuing Bank may consult
with legal counsel (who may be counsel for a Loan Party), independent accountants and other experts
selected by it, and shall not be liable for any action
taken or not taken by it in accordance with the advice of any such counsel, accountants or
experts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.05 <U>Delegation of Duties</U>. Each of the Agents may perform any and all of its
duties and exercise its rights and powers hereunder or under any other Loan Document by or through
any one or more sub-agents appointed by such Agent. Each of the Agents and any of their respective
sub-agents may perform any and all of its duties and exercise its rights and powers by or through
their respective Related Parties. The exculpatory provisions of this Article shall apply to any
such sub-agent and to the Related Parties of such Agent and any such sub-agent, and shall apply to
their respective activities in connection with the syndication of the credit facilities provided
for herein as well as activities as such Agent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.06 <U>Resignation of an Agent or the Issuing Bank</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;An Agent may resign at any time by giving prior written notice thereof to the Lenders and
the Borrower, such resignation to be effective upon the appointment of a successor Administrative
Agent or Collateral Agent or, if no successor Administrative Agent or Collateral Agent has been
appointed, 45&nbsp;days after the retiring Agent gives notice of its intention to resign. Upon any such
resignation, the Majority Lenders shall have the right to appoint, on behalf of the Borrower and
the Lenders, a successor Administrative Agent or Collateral Agent. If no successor Administrative
Agent or Collateral Agent shall have been so appointed by the Majority Lenders within 30&nbsp;days after
the resigning Agent&#146;s giving notice of its intention to resign, then the resigning Agent may
appoint, on behalf of the Borrower and the Lenders, a successor Agent. If the Administrative Agent
has resigned and no successor Administrative Agent has been appointed, the Majority Lenders may
perform all the duties of the Administrative Agent hereunder and the Borrower shall make all
payments in respect of the Obligations to the applicable Lender and for all other purposes shall
deal directly with the Majority Lenders until such successor Administrative Agent shall have been
appointed as provided herein. No successor Agent shall be deemed to be appointed hereunder until
such successor Agent has accepted the appointment or, in the case of a successor Collateral Agent,
upon the execution and filing or recording of such financing statements, or amendments thereto, and
such amendments or supplements to the Security Documents, and such other instruments or notices, as
may be necessary or desirable, or as the Majority Lenders may request, in order to continue the
perfection of the Liens granted or purported to be granted by the Security Documents. Any such
successor Agent shall be a commercial bank organized under the laws of the United States or any
state thereof having combined capital and retained earnings of at least $100,000,000 (or the
equivalent in any other currency) unless such requirement is waived by the Majority Lenders. Upon
the acceptance of any appointment as Administrative Agent or Collateral Agent hereunder by a
successor Agent, such successor Agent shall thereupon succeed to and become vested with all the
rights, powers, privileges and duties of the resigning Agent. Upon the effectiveness of the
resignation of the Administrative Agent or Collateral Agent, the resigning Agent shall be
discharged from its duties and obligations hereunder and under the Credit Documents. After the
effectiveness of the resignation of an Agent, the provisions of this <U>Article&nbsp;IX</U> shall
continue in effect for the benefit of such Agent in respect of any actions taken or omitted to be
taken by it while it was acting as an Agent hereunder and under the other Loan Documents.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-107-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Issuing Bank may resign at any time by giving prior written notice thereof to the
Lenders and the Borrower, such resignation to be effective upon the appointment of a successor
Issuing Bank. Upon any such resignation, the Majority Lenders shall have the right to appoint, on
behalf of the Borrower and the Lenders and after consultation with the Borrower, a successor
Issuing Bank. If no successor Issuing Bank shall have been so appointed by the Majority Lenders
within thirty days after the resigning Issuing Bank has given notice of its intention to resign,
then the resigning Issuing Bank may appoint, on behalf of the Borrower and the Lenders and after
consultation with the Lenders and the Borrower, a successor Issuing Bank. No successor Issuing
Bank shall be deemed to be appointed hereunder until such successor Issuing Bank has accepted the
appointment. Any such successor Issuing Bank shall be a commercial bank having capital and
retained earnings of at least $500,000,000 unless such requirement is waived by the Majority
Lenders and the Borrower. Upon the acceptance of any appointment as Issuing Bank hereunder by a
successor Issuing Bank, such successor Issuing Bank shall thereupon succeed to and become vested
with all the rights, powers, privileges and duties of the resigning Issuing Bank. Upon the
effectiveness of the resignation of the Issuing Bank, the resigning Issuing Bank shall be
discharged from its duties and obligations hereunder and under the Loan Documents; <U>provided</U>
that the succeeding Issuing Bank shall issue letters of credit in substitution for the Letters of
Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory
to the retiring Issuing Bank to effectively assume the obligations of the retiring Issuing Bank
with respect to such Letters of Credit. After the effectiveness of the resignation of the Issuing
Bank, the provisions of this <U>Article&nbsp;IX</U> shall continue in effect for the benefit of the
Issuing Bank in respect of any actions taken or omitted to be taken by it while it was acting as
the Issuing Bank hereunder and under the other Loan Documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.07 <U>Non-Reliance on Administrative Agent and Other Lenders</U>. Each Lender and
the Issuing Bank acknowledges that it has, independently and without reliance upon any Agent or any
other Lender or any of their Related Parties and based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each
Lender and the Issuing Bank also acknowledges that it will, independently and without reliance upon
any Agent or any other Lender or any of their Related Parties and based on such documents and
information as it shall from time to time deem appropriate, continue to make its own decisions in
taking or not taking action under or based upon this Agreement, any other Loan Document or any
related agreement or any document furnished hereunder or thereunder. In this regard, each party
hereto acknowledges that Bracewell &#038; Giuliani LLP is acting in this transaction as special counsel
to the Administrative Agent only. Each other party hereto will consult with its own legal counsel
to the extent that it deems necessary in connection with the Loan Documents and the matters
contemplated therein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.08 <U>Indemnification</U>. The Lenders severally agree to indemnify upon demand
the Administrative Agent, the Collateral Agent, the Issuing Bank and each Related Party of any of
the foregoing (to the extent not reimbursed by the Loan Parties), according to their respective
Applicable Percentages, and hold harmless such Indemnitee from and against any and all Indemnified
Liabilities in all cases, whether or not caused by or arising, in whole or in part, out of the
negligence of any Related Party; <U>provided</U>, <U>however</U> that no Lender shall be liable
for (a)&nbsp;the payment to any Indemnitee for any portion of such Indemnified Liabilities to the
extent determined in a final, nonappealable judgment by a court of competent jurisdiction to have
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-108-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">resulted from such Indemnitee&#146;s own gross negligence or willful misconduct and (b)&nbsp;claims made or
legal proceedings commenced against such Indemnitee by any security holder or creditor thereof
arising out of and based on rights afforded any such security holder or creditor solely in its
capacity as such; <U>provided further</U>, <U>however</U>, that no action taken in accordance
with the directions of the Majority Lenders shall be deemed to constitute gross negligence or
willful misconduct for purposes of this Section. Without limitation of the foregoing, each Lender
agrees to reimburse the Administrative Agent, the Collateral Agent, and the Issuing Bank promptly
upon demand for its ratable share of any out-of-pocket expenses (including all fees, expenses and
disbursements of any law firm or other external counsel) incurred by the Administrative Agent, the
Collateral Agent, or the Issuing Bank in connection with the preparation, execution, delivery,
administration, modification, amendment, or enforcement (whether through negotiations, legal
proceedings, or otherwise) of, or legal advice in respect of rights or responsibilities under, this
Agreement or any other Loan Document, to the extent that the Administrative Agent, the Collateral
Agent, or the Issuing Bank is not reimbursed for such by the Loan Parties. The undertaking in this
Section shall survive termination of the Commitments, the payment of all other Obligations and the
resignation of the Administrative Agent or the Collateral Agent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.09 <U>Collateral and Guaranty Matters</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Each Lender and each other Secured Party (by their acceptance of the benefits of any Lien
encumbering Collateral) acknowledges and agrees that the Administrative Agent has entered into the
Security Documents on behalf of itself and the Secured Parties, and the Secured Parties hereby
agree to be bound by the terms of such Security Documents, acknowledge receipt of copies of such
Security Documents and consent to the rights, powers, remedies, indemnities and exculpations given
to the Collateral Agent thereunder. All rights, powers and remedies available to the Collateral
Agent and the Secured Parties with respect to the Collateral, or otherwise pursuant to the Security
Documents, shall be subject to the provisions of such Security Documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Each Lender and each other Secured Party (by their acceptance of the benefits of any Lien
encumbering Collateral) hereby authorizes the Collateral Agent, at its option and in its
discretion, without the necessity of any notice to or further consent from the Secured Parties:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to release any Lien on any property granted to or held by the Collateral Agent
under any Security Document (i)&nbsp;upon termination of the Commitments and payment in full of
all Obligations (other than contingent indemnification obligations) and the expiration or
termination of all Letters of Credit, (ii)&nbsp;that is sold or to be sold as part of or in
connection with any sale permitted hereunder or under any other Loan Document, or (iii)
subject to <U>Section&nbsp;10.01</U>, if approved, authorized or ratified in writing by the
Majority Lenders;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) to take any actions with respect to any Collateral or Security Documents which may
be necessary to perfect and maintain Acceptable Security Interests in and Liens upon the
Collateral granted pursuant to the Security Documents; and
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-109-<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to take any action in exigent circumstances as may be reasonably necessary to
preserve any rights or privileges of the Secured Parties under the Loan Documents or
applicable Legal Requirements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Upon the request of the Collateral Agent at any time, the Secured Parties will confirm in
writing the Collateral Agent&#146;s authority to release particular types or items of Collateral
pursuant to this <U>Section&nbsp;9.09</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Each Loan Party hereby irrevocably appoints the Collateral Agent as such Loan Party&#146;s
attorney-in-fact, with full authority to, after the occurrence and during the continuance of an
Event of Default, act for such Loan Party and in the name of such Loan Party to, in the Collateral
Agent&#146;s discretion upon the occurrence and during the continuance of an Event of Default, (i)&nbsp;file
one or more financing or continuation statements, and amendments thereto, relative to all or any
part of the Collateral without the signature of such Loan Party where permitted by law, (ii)&nbsp;to
receive, endorse, and collect any drafts or other instruments, documents, and chattel paper which
are part of the Collateral, (iii)&nbsp;to ask, demand, collect, sue for, recover, compromise, receive,
and give acquittance and receipts for moneys due and to become due under or in respect of any of
the Collateral, (iv)&nbsp;to file any claims or take any action or institute any proceedings which the
Collateral Agent may reasonably deem necessary or desirable for the collection of any of the
Collateral or otherwise to enforce the rights of the Collateral Agent with respect to any of the
Collateral and (v)&nbsp;if any Loan Party fails to perform any covenant contained in this Agreement or
the other Security Documents after the expiration of any applicable grace periods, the Collateral
Agent may itself perform, or cause performance of, such covenant, and such Loan Party shall pay for
the expenses of the Collateral Agent incurred in connection therewith in accordance with
<U>Section&nbsp;10.04</U>. The power of attorney granted hereby is coupled with an interest and is
irrevocable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;The powers conferred on the Collateral Agent under this Agreement and the other Security
Documents are solely to protect its interest in the Collateral and shall not impose any duty upon
it to exercise any such powers. Beyond the safe custody thereof, the Collateral Agent and each
Secured Party shall have no duty with respect to any Collateral in its possession or control (or in
the possession or control of any agent or bailee) or with respect to any income thereon or the
preservation of rights against prior parties or any other rights pertaining thereto. The Collateral
Agent shall be deemed to have exercised reasonable care in the custody and preservation of the
Collateral in its possession if the Collateral is accorded treatment substantially equal to that
which the Collateral Agent accords its own property. None of the Administrative Agent, the
Collateral Agent, any Lender or any other Secured Party shall be liable or responsible for any loss
or damage to any of the Collateral, or for any diminution in the value thereof, by reason of the
act or omission of any warehouseman, carrier, forwarding agency, consignee, broker or other agent
or bailee selected by Borrower or selected by the Administrative Agent or the Collateral Agent in
good faith.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
9.10	<U>No Other Duties, etc</U>.  Anything herein to the contrary notwithstanding,
the Arranger, Co-Syndication Agents and the Documentation Agent listed on the cover page
hereof shall not have any powers, duties or responsibilities under this Agreement or any of
the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent,
the Collateral Agent, a Lender or the Issuing Bank.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->-110-<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE X</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>MISCELLANEOUS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.01 <U>Amendments, Etc</U>. No amendment or waiver of any provision of this
Agreement or any other Loan Document (other than the Fee Letter), and no consent to any departure
by the Borrower or any other Loan Party therefrom, shall in any event be effective unless the same
shall be in writing and signed by the Majority Lenders and the Borrower, and then such waiver or
consent shall be effective only in the specific instance and for the specific purpose for which
given; <U>provided</U>, <U>however</U>, that no amendment, waiver or consent shall:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;waive any condition set forth in <U>Section&nbsp;3.01 </U>without the written consent of each
Lender, or waive any condition set forth in <U>Section&nbsp;3.02</U> without the written consent of
each Lender;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;extend or increase the Revolving Commitment of any Lender (or reinstate any Commitment
terminated pursuant to the terms hereof) without the written consent of such Lender or increase the
aggregate Revolving Commitments without the written consent of each Lender other than an increase
provided for under <U>Section&nbsp;2.05(b)</U>;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;postpone any date fixed by this Agreement for any mandatory reduction of the Revolving
Commitments without the written consent of each Lender;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;postpone any date fixed by this Agreement or any other Loan Document for any payment or
mandatory prepayment of principal, interest, fees or other amounts due to the Lenders (or any of
them) hereunder or under any other Loan Document without the written consent of each Lender
directly affected thereby;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;reduce the principal of, or the rate of interest specified herein on, any Advance or
Reimbursement Obligation, or (subject to clause (iv)&nbsp;of the second proviso to this <U>Section
10.01</U>) any fees or other amounts payable hereunder or under any other Loan Document without the
prior written consent of each Lender directly affected thereby; <U>provided</U>, <U>however</U>,
that only the consent of the Majority Lenders shall be necessary to waive any obligation of the
Borrower to pay interest at the Default Rate;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;change <U>Section&nbsp;2.14</U> in a manner that would alter the pro rata sharing of payments
required thereby without the written consent of each Lender;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;change any provision of this Section, or the definition of &#147;Majority Lenders&#148; or any other
provision hereof specifying the number or percentage of Lenders required to amend, waive or
otherwise modify any rights hereunder or make any determination or grant any consent hereunder,
without the written consent of each Lender directly affected thereby;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;amend the definition of &#147;Revolving Sublimit&#148; without the written consent of each Lender;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;release any Guarantor from the Guaranty or all or any substantial portion of the
Collateral without the written consent of each Lender; <U>provided</U>, <U>however</U>, that any
Guarantor or Collateral may be released if they are sold or transferred as permitted hereunder, including
any release of Foreign Subsidiaries as Guarantors as a result of the Restructuring Transaction;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio --> -111- <!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;amend the definition of the term &#147;Interest Period&#148; so as to permit intervals in excess of
six months;
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">and, <U>provided</U> further, that (i)&nbsp;no amendment, waiver or consent shall, unless in writing
and signed by the Issuing Bank in addition to the Lenders required above, affect the rights or
duties of the Issuing Bank under this Agreement or any Letter of Credit Application relating to any
Letter of Credit issued or to be issued by it; (ii)&nbsp;no amendment, waiver or consent shall, unless
in writing and signed by the Administrative Agent in addition to the Lenders required above, affect
the rights or duties of the Administrative Agent under this Agreement or any other Loan Document;
(iii) <U>Section&nbsp;10.06(g)</U> may not be amended, waived or otherwise modified without the consent
of each Granting Lender all or any part of whose Advances are being funded by a SPC at the time of
such amendment, waiver or other modification; and (iv)&nbsp;the Fee Letters may be amended, or rights or
privileges thereunder waived, in a writing executed only by the parties thereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.02 <U>Notices, Etc</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>General</U>. Except in the case of notices and other communications expressly
permitted to be given by telephone (and except as provided in paragraph (c)&nbsp;below), all notices and
other communications provided for herein shall be in writing and shall be delivered by hand or
overnight courier service, mailed by certified or registered mail, sent by telecopier or (subject
to subsection (c)&nbsp;below) electronic mail address as follows:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if to the Borrower or any other Loan Party, any Agent or the Issuing Bank, to the
address, facsimile number, electronic mail address or telephone number specified for such
Person on <U>Schedule&nbsp;10.02</U> or to such other address, facsimile number, electronic mail
address or telephone number as shall be designated by such party in a notice to the other
parties; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if to any other Lender, to the address, facsimile number, electronic mail address
or telephone number specified in its Administrative Questionnaire or to such other address,
facsimile number, electronic mail address or telephone number as shall be designated by such
party in a notice to the Administrative Agent.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall
be deemed to have been given when received; notices sent by telecopier shall be deemed to have been
given when sent (except that, if not given during normal business hours for the recipient, shall be
deemed to have been given on the next business day for the recipient) and confirmed received.
Notices delivered through electronic communications to the extent provided in paragraph (c)&nbsp;below,
shall be effective as provided in said paragraph (c). In no event shall a voicemail message be
effective as a notice, communication or confirmation hereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Effectiveness of Facsimile Documents and Signatures</U>. Loan Documents may be
transmitted and/or signed by facsimile. The effectiveness of any such documents and signatures
shall, subject to applicable Legal Requirements, have the same force and effect as manually-
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio --> -112- <!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">signed originals and shall be binding on all Loan Parties, the Agents and the Lenders. The
Administrative Agent may also require that any such documents and signatures be confirmed by a
manually-signed original thereof; <U>provided</U>, <U>however</U>, that the failure to request or
deliver the same shall not limit the effectiveness of any facsimile document or signature.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Limited Use of Electronic Mail</U>. Notices and other communications to the Lenders
and the Issuing Bank hereunder may be delivered or furnished by electronic communication (including
e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative
Agent in its sole discretion, <U>provided</U> that the foregoing shall not apply to notices to any
Lender or the Issuing Bank pursuant to <U>Article&nbsp;II</U> if such Lender or the Issuing Bank, as
applicable, has notified the Administrative Agent that it is incapable of receiving notices under
such Article by electronic communication. Any Agent or the Borrower may, in its discretion, agree
to accept notices and other communications to it hereunder by electronic communications pursuant to
procedures approved by it, <U>provided</U> that approval of such procedures may be limited to
particular notices or communications. Unless the Administrative Agent otherwise prescribes, (i)
notices and other communications sent to an e-mail address shall be deemed received upon the
sender&#146;s receipt of an acknowledgement from the intended recipient (such as by the &#147;return receipt
requested&#148; function, as available, return e-mail or other written acknowledgement),
<U>provided</U> that if such notice or other communication is not sent during the normal business
hours of the recipient, such notice or communication shall be deemed to have been sent at the
opening of business on the next business day for the recipient, and (ii)&nbsp;notices or communications
posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the
intended recipient at its e-mail address as described in the foregoing clause (i)&nbsp;of notification
that such notice or communication is available and identifying the website address therefor.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>The Platform</U>. THE PLATFORM IS PROVIDED &#147;AS IS&#148; AND &#147;AS AVAILABLE.&#148; THE AGENT
PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR
THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE
BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY
OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR
FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE
BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its
Related Parties (collectively, the &#147;<U>Agent Parties</U>&#148;) have any liability to any Borrower, any
Lender, the Issuing Bank or any other Person for losses, claims, damages, liabilities or expenses
of any kind (whether in tort, contract or otherwise) arising out of any Borrower&#146;s or the
Administrative Agent&#146;s transmission of Borrower Materials through the Internet, except to the
extent that such losses, claims, damages, liabilities or expenses are determined by a court of
competent jurisdiction by a final and nonappealable judgment to have resulted from the gross
negligence or willful misconduct of such Agent Party; <U>provided</U>, <U>however</U>, that in no
event shall any Agent Party have any liability to any Borrower, any Lender, the Issuing Bank or any
other Person for indirect, special, incidental, consequential or punitive damages (as opposed to
direct or actual damages).
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio --> -113- <!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;<U>Reliance by Agents, the Issuing Bank and Lenders</U>. Each of the Agents, the Issuing
Bank and the Lenders shall be entitled to rely and act upon any notices (including telephonic
Borrowing Notices) purportedly given by or on behalf of a Loan Party even if (i)&nbsp;such notices were
not made in a manner specified herein, were incomplete or were not preceded or followed by any
other form of notice specified herein, or (ii)&nbsp;the terms thereof, as understood by the recipient,
varied from any confirmation thereof. <FONT style="font-variant: SMALL-CAPS"><B>The Borrower shall indemnify the Agents, the Issuing
Bank, each Lender and their Related Parties from all losses, costs, expenses and liabilities
resulting from the reliance by such Person on each notice purportedly given by or on behalf of the
Borrower. </B></FONT>All telephonic notices to and other communications with any Agent or the Issuing
Bank may be recorded by such Agent or Issuing Bank, and each of the parties hereto hereby consents
to such recording.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.03 <U>No Waiver; Cumulative Remedies</U>. No failure on the part of any Lender,
any Agent or the Issuing Bank to exercise, and no delay by any such Person in exercising, any
right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single
or partial exercise of any such right preclude any other or further exercise thereof or the
exercise of any other right, remedy, power or privilege. The rights, remedies, powers and
privileges herein provided in this Agreement are cumulative and not exclusive of any rights,
remedies, powers and privileges provided by law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.04 <U>Costs and Expenses</U>. The Borrower shall pay (i)&nbsp;all reasonable
out-of-pocket expenses incurred by any Agent, the Issuing Bank and their Affiliates (including the
reasonable fees, charges and disbursements of counsel for the Administrative Agent), and shall pay
all fees and time charges and disbursements for attorneys who may be employees of the
Administrative Agent, in connection with the syndication of the credit facilities provided for
herein, the preparation, negotiation, execution, delivery and administration of this Agreement and
the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or
thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii)
all reasonable out-of-pocket expenses incurred by the Issuing Bank in connection with the issuance,
amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and
(iii)&nbsp;all out-of-pocket expenses incurred by any Agent, any Lender or the Issuing Bank (including
the fees, charges and disbursements of any counsel for any Agent, any Lender or the Issuing Bank),
and shall pay all fees and time charges for attorneys who may be employees of any Agent, any Lender
or the Issuing Bank, in connection with the enforcement or protection of its rights (A)&nbsp;in
connection with this Agreement and the other Loan Documents, including its rights under this
Section, or (B)&nbsp;in connection with the Advances made or Letters of Credit issued hereunder,
including all such out-of-pocket expenses incurred during any workout, restructuring or
negotiations in respect of such Loans or Letters of Credit. The foregoing costs and expenses shall
include all search, filing, recording, title insurance and appraisal charges and fees and taxes
related thereto, and other out-of-pocket expenses incurred by any Agent or the Issuing Bank and the
cost of independent public accountants and other outside experts retained by any Agent, the Issuing
Bank or any Lender. All amounts due under this <U>Section&nbsp;10.04</U> shall be payable within ten
Business Days after demand therefor. The agreements in this Section shall survive the termination
of the Commitments and repayment of all other Obligations.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio --> -114- <!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.05 <U>Indemnification</U>. The Borrower shall indemnify each Agent, each Lender,
and the Issuing Bank, and each Related Party of any of the foregoing Persons (each such Person
being called an &#147;<U>Indemnitee</U>&#148;) against, and hold each Indemnitee harmless from, any and all
<b>liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits,
costs, expenses, or disbursements (including all fees, expenses and disbursements of any law firm
or other external counsel and, without duplication, the allocated cost of internal legal services
and all expenses and disbursements of internal counsel) of any kind or nature whatsoever which may
be imposed on, incurred by, or asserted against any Indemnitee in any way relating to or arising
out of or in connection with (a)&nbsp;the execution, delivery, enforcement, performance, or
administration of this Agreement, any Loan Document, or any other agreement, letter or instrument
delivered in connection with the transactions contemplated thereby or the consummation of the
transactions contemplated thereby, (b)&nbsp;any Commitment, Advance or Letter of Credit or the use or
proposed use of the proceeds therefrom (including any refusal by the Issuing Bank to honor a demand
for payment under a Letter of Credit if the documents presented in connection with such demand do
not strictly comply with the terms of such Letter of Credit), (c)&nbsp;any action taken or omitted by
any Agent or the Issuing Bank under this Agreement or any other Loan Document (including such
Agent&#146;s or the Issuing Bank&#146;s own negligence), (d)&nbsp;any actual or alleged presence or release of
Hazardous Materials on or from any property currently or formerly owned or operated by the
Borrower, any Subsidiary or any other Loan Party, or any Environmental Liability related in any way
to the Borrower, any Subsidiary or any other Loan Party, or (e)&nbsp;any actual or prospective claim,
litigation, investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory (including any investigation of, preparation for, or defense of
any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether
any Indemnitee is a party thereto (all the foregoing, collectively, the &#147;<U>Indemnified
Liabilities</U>&#148;)</b>; <U>provided</U> that such indemnity shall not, as to any Indemnitee, be
available to the extent that such liabilities, obligations, losses, damages, penalties, claims,
demands, actions, judgments, suits, costs, expenses or disbursements are determined by a court of
competent jurisdiction by final and nonappealable judgment to have resulted from the gross
negligence, bad faith or willful misconduct of such Indemnitee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-variant: SMALL-CAPS"><B>To the fullest extent permitted by applicable Legal Requirements, no Loan Party shall
assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for
special, indirect, consequential or punitive damages (as opposed to direct or actual damages)
arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or
any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby,
any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for
any damages arising from the use by unintended recipients of any information or other materials
distributed by it through telecommunications, electronic or other information transmission systems
in connection with this Agreement or the other Loan Documents or the transactions contemplated
hereby or thereby. </B></FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-variant: SMALL-CAPS"><B>All amounts due under this </B><U><B>Section&nbsp;10.05</B></U><B> shall be payable within ten Business Days
after demand therefor. The agreements in this Section shall survive the resignation of the Administrative Agent, the replacement of any Lender, the
termination of the Commitments and the repayment, satisfaction or discharge of all the other
Obligations. </B></FONT>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio --> -115- <!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.06 <U>Successors and Assigns</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Generally</U>. The terms and provisions of this Agreement and the other Loan
Documents shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns permitted hereby, except that no Loan Party may assign or otherwise transfer
any of its rights or obligations hereunder without the prior written consent of each Lender and no
Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i)&nbsp;to an
Eligible Assignee in accordance with the provisions of subsection (b)&nbsp;of this Section, (ii)&nbsp;by way
of participation in accordance with the provisions of subsection (d)&nbsp;of this Section, (iii)&nbsp;by way
of pledge or assignment of a security interest subject to the restrictions of subsection (f)&nbsp;or (h)
of this Section, or (iv)&nbsp;to an SPC in accordance with the provisions of subsection (g)&nbsp;of this
Section (and any other attempted assignment or transfer by any party hereto shall be null and
void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any
Person (other than the parties hereto, their respective successors and assigns permitted hereby,
Lenders to the extent provided in subsection (d)&nbsp;of this Section and, to the extent expressly
contemplated hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by
reason of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Assignments by Lenders</U>. Any Lender may assign to one or more Eligible Assignees
all or any portion of its rights and obligations under this Agreement (including, without
limitation, all or a portion of its Commitments, the Advances owing to it, and participations in
Letter of Credit Obligations) at the time owing to it; <U>provided</U>, <U>however</U>, that
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) except in the case of an assignment of the entire remaining amount of the assigning
Lender&#146;s Commitment and the Advances owing to it or in the case of an assignment to a Lender
or an Affiliate of a Lender or an Approved Fund with respect to a Lender, the aggregate
amount of the Commitments and Advances of such Lender being assigned pursuant to each such
assignment (determined as of the date of the Assignment and Acceptance with respect to such
assignment) shall not be less than $5,000,000;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) each partial assignment shall be made as an assignment of a proportionate part of
all the assigning Lender&#146;s rights and obligations under this Agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the parties to each such assignment shall execute and deliver to the
Administrative Agent, for its acceptance and recording in the Register, an Assignment and
Acceptance; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) each Eligible Assignee (other than an Eligible Assignee that is a Lender or an
Affiliate of a Lender) shall pay to the Administrative Agent a $3,500 processing and
recording fee; <U>provided</U>, <U>however</U> that only one such fee shall be payable in
the event of contemporaneous assignments to or by two or more Approved Funds.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Upon such execution, delivery, acceptance and recording thereof by the Administrative Agent
pursuant to paragraph (c)&nbsp;of this Section, from and after the effective date specified in each
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio --> -116- <!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Assignment and Acceptance, (A)&nbsp;the Eligible Assignee thereunder shall be a party hereto for all
purposes and, to the extent that rights and obligations hereunder have been assigned to it pursuant
to such Assignment and Acceptance, have the rights and obligations of a Lender hereunder and (B)
such assigning Lender thereunder shall, to the extent that rights and obligations hereunder have
been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights and be
released from its obligations under this Agreement (and, in the case of an Assignment and
Acceptance covering all or the remaining portion of such Lender&#146;s rights and obligations under this
Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the
benefits of <U>Sections&nbsp;2.11</U>, <U>2.13</U>, <U>10.04</U> and <U>10.05</U> with respect to
facts and circumstances occurring prior to the effective date of such assignment). Any assignment
or transfer by a Lender of rights or obligations under this Agreement that does not comply with
this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a
participation in such rights and obligations in accordance with subsection (d)&nbsp;of this Section.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Register</U>. The Administrative Agent shall maintain at its Applicable Lending
Office a copy of each Assignment and Acceptance delivered to and accepted by it and a register for
the recordation of the names and addresses of the Lenders and the Commitments of, and principal
amount of the Advances owing to, each Lender from time to time (the &#147;<U>Register</U>&#148;). The
entries in the Register shall be conclusive and binding for all purposes, absent manifest error,
and each of the Loan Parties, the Administrative Agent, the Issuing Bank, and the Lenders may treat
each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this
Agreement. The Register shall be available for inspection by the Borrower or any Lender at any
reasonable time and from time to time upon reasonable prior notice.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Participations</U>. Any Lender may at any time, without the consent of, or notice to,
the Borrower or the Administrative Agent, sell participations to any Person (other than a natural
person or the Borrower or any of the Borrower&#146;s Affiliates or Subsidiaries) (each, a
&#147;<U>Participant</U>&#148;) in all or a portion of such Lender&#146;s rights and/or obligations under this
Agreement (including all or a portion of its Commitment and/or the Advances (including such
Lender&#146;s participations in Letter of Credit Obligations) owing to it); <U>provided</U> that
(i)&nbsp;such Lender&#146;s obligations under this Agreement shall remain unchanged, (ii)&nbsp;such Lender shall
remain solely responsible to the other parties hereto for the performance of such obligations and
(iii)&nbsp;the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely
and directly with such Lender in connection with such Lender&#146;s rights and obligations under this
Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement; <U>provided</U> that such
agreement or instrument may provide that such Lender will not, without the consent of the
Participant, agree to any amendment, waiver or other modification described in the first proviso to
<U>Section&nbsp;10.01</U> that directly affects such Participant. Subject to subsection (e)&nbsp;of this
Section, the Borrower agrees that each Participant shall be entitled to the benefits of
<U>Sections&nbsp;2.10</U>, <U>2.11</U>, <U>2.13</U>, <U>10.04</U> and <U>10.05</U> to the same
extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection
(b)&nbsp;of this Section. To the extent permitted by law, each Participant also shall be entitled to
the benefits of <U>Section&nbsp;7.05</U> as though it were a Lender, <U>provided</U> such Participant
agrees to be subject to <U>Section&nbsp;2.14</U> as though it were a Lender.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio --> -117- <!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;A Participant shall not be entitled to receive any greater payment under <U>Section
2.11</U> or <U>2.13</U> than the applicable Lender would have been entitled to receive with
respect to the participation sold to such Participant, unless the sale of the participation to such
Participant is made with the Borrower&#146; prior written consent. A Participant that would be a
Foreign Lender if it were a Lender shall not be entitled to the benefits of <U>Section&nbsp;2.13</U>
unless the Borrower are notified of the participation sold to such Participant and such Participant
agrees, for the benefit of the Borrower, to comply with <U>Section&nbsp;2.13(e)</U> and <U>Section
2.13(f)</U> as though it were a Lender.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement to secure obligations of such Lender, including any pledge or
assignment to secure obligations to a Federal Reserve Bank; <U>provided</U> that no such pledge or
assignment shall release such Lender from any of its obligations hereunder or substitute any such
pledgee or assignee for such Lender as a party hereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;Notwithstanding anything to the contrary contained herein, any Lender (a &#147;<U>Granting
Lender</U>&#148;) may grant to a special purpose funding vehicle identified as such in writing from time
to time by the Granting Lender to the Administrative Agent and the Borrower (an &#147;<U>SPC</U>&#148;) the
option to provide all or any part of any Advance or Deposit that such Granting Lender would
otherwise be obligated to make pursuant to this Agreement; <U>provided</U> that (i)&nbsp;nothing herein
shall constitute a commitment by any SPC to fund any Advance or Deposit, and (ii)&nbsp;if a SPC elects
not to exercise such option or otherwise fails to make all or any part of such Advance or Deposit,
the Granting Lender shall be obligated to make such Advance pursuant to the terms hereof. Each
party hereto hereby agrees that (i)&nbsp;neither the grant to any SPC nor the exercise by any SPC of
such option shall increase the costs or expenses or otherwise increase or change the obligations of
the Borrower under this Agreement, (ii)&nbsp;no SPC shall be liable for any indemnity or similar payment
obligation under this Agreement for which a Lender would be liable, and (iii)&nbsp;the Granting Lender
shall for all purposes, including the approval of any amendment, waiver or other modification of
any provision of any Loan Document, remain the lender of record hereunder. The making of an
Advance or Deposit by a SPC hereunder shall utilize the Commitment of the Granting Lender to the
same extent, and as if, such Advance or Deposit were made by such Granting Lender. In furtherance
of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of
this Agreement) that, prior to the date that is one year and one day after the payment in full of
all outstanding commercial paper or other senior debt of any SPC, it will not institute against, or
join any other Person in instituting against, such SPC any bankruptcy, reorganization, arrangement,
insolvency, or liquidation proceeding under the laws of the United States or any State thereof.
Notwithstanding anything to the contrary contained herein, any SPC may (i)&nbsp;with notice to, but
without prior consent of the Borrower and the Administrative Agent and without paying any
processing fee therefor, assign all or any portion of its right to receive payment with respect to
any Advance to the Granting Lender and (ii)&nbsp;disclose on a confidential basis any non-public
information relating to its funding of Advances to any rating agency, commercial paper dealer or
provider of any surety or Guarantee or credit or liquidity enhancement to such SPC.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;Notwithstanding anything to the contrary contained herein, any Lender that is a Fund may
create a security interest in all or any portion of the Advances owing to it and the Note, if any,
held by it to the trustee for holders of obligations owed, or securities issued, by such Fund as
security for such obligations or securities, <U>provided</U> that unless and until such trustee
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio --> -118- <!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">actually becomes a Lender in compliance with the other provisions of this <U>Section
10.06</U>, (i)&nbsp;no such pledge shall release the pledging Lender from any of its obligations under
the Loan Documents and (ii)&nbsp;such trustee shall not be entitled to exercise any of the rights of a
Lender under the Loan Documents even though such trustee may have acquired ownership rights with
respect to the pledged interest through foreclosure or otherwise.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.07 <U>Confidentiality</U>. Each of the Agents, the Issuing Bank and the Lenders
agrees to maintain the confidentiality of the Information (as defined below), except that
Information may be disclosed (a)&nbsp;to its and its Affiliates&#146; directors, officers, employees and
agents, including accountants, legal counsel and other advisors (it being understood that the
Persons to whom such disclosure is made will be informed of the confidential nature of such
Information and instructed to keep such Information confidential), (b)&nbsp;to the extent requested by
any regulatory authority (including any self-regulatory authority, such as the National Association
of Insurance Commissioners), (c)&nbsp;to the extent required by applicable Legal Requirements or by any
subpoena or similar legal process, (d)&nbsp;to any other party hereto, (e)&nbsp;in connection with the
exercise of any remedies hereunder or under any other Loan Document or any action or proceeding
relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or
thereunder, (f)&nbsp;subject to an agreement containing provisions substantially the same as those of
this Section, to (i)&nbsp;any assignee of, pledgee under <U>Section&nbsp;10.06(f)</U> or Participant in, or
any prospective assignee of, pledgee under <U>Section&nbsp;10.06(f)</U> or Participant in, any of its
rights or obligations under this Agreement or (ii)&nbsp;any actual or prospective counterparty (or its
advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (g)
with the consent of the Borrower or (h)&nbsp;to the extent such Information (x)&nbsp;becomes publicly
available other than as a result of a breach of this Section or (y)&nbsp;becomes available to the
Administrative Agent or any Lender on a nonconfidential basis from a source other than the
Borrower. For purposes of this Section, &#147;<U>Information</U>&#148; means all information received from
any Loan Party relating to any Loan Party or any of their respective businesses, other than any
such information that is available to an Agent, the Issuing Bank or any Lender on a nonconfidential
basis prior to disclosure by any Loan Party, <U>provided</U> that, in the case of information
received from a Loan Party after the date hereof, such information is clearly identified at the
time of delivery as confidential. Any Person required to maintain the confidentiality of
Information as provided in this Section shall be considered to have complied with its obligation to
do so if such Person has exercised the same degree of care to maintain the confidentiality of such
Information as such Person would accord to its own confidential information.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.08 <U>Execution in Counterparts</U>. This Agreement may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall constitute one and
the same agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.09 <U>Survival of Representations, etc</U>. All representations and warranties
made hereunder and in any other Loan Document or other document delivered pursuant hereto or
thereto or in connection herewith or therewith shall survive the execution and delivery hereof and
thereof. Such representations and warranties have been or will be relied upon by the Agents, the
Issuing Bank and each Lender, regardless of any investigation made by any Agent, the Issuing Bank
or any Lender or on their behalf and notwithstanding that any Agent, the Issuing
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio --> -119- <!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Bank or any Lender may have had notice or knowledge of any Default at the time of any Advance,
and shall continue in full force and effect as long as any Advance or any other Obligation
hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.10 <U>Severability</U>. If any provision of this Agreement or the other Loan
Documents is held to be illegal, invalid or unenforceable, (a)&nbsp;the legality, validity and
enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not
be affected or impaired thereby and (b)&nbsp;the parties shall endeavor in good faith negotiations to
replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect
of which comes as close as possible to that of the illegal, invalid or unenforceable provisions.
The invalidity of a provision in a particular jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.11 <U>Payments Set Aside</U>. To the extent that any payment by or on behalf of
any Loan Party is made to the Administrative Agent, the Collateral Agent, the Issuing Bank or any
Lender, or the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender exercises
its right of setoff, and such payment or the proceeds of such setoff or any part thereof is
subsequently invalidated, declared to be fraudulent or preferential, set aside or required
(including pursuant to any settlement entered into by the Administrative Agent, the Collateral
Agent, the Issuing Bank or such Lender in its discretion) to be repaid to a trustee, receiver or
any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then
(a)&nbsp;to the extent of such recovery, the obligation or part thereof originally intended to be
satisfied shall be revived and continued in full force and effect as if such payment had not been
made or such setoff had not occurred, and (b)&nbsp;each Lender and the Issuing Bank severally agrees to
pay to the Administrative Agent upon demand its applicable share (without duplication) of any
amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date
of such demand to the date such payment is made at a rate per annum equal to the applicable
Overnight Rate from time to time in effect, in the applicable currency of such recovery or payment.
The obligations of the Lenders and the Issuing Bank under clause (b)&nbsp;of the preceding sentence
shall survive the payment in full of the Obligations and the termination of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.12 <U>Governing Law.</U> This Agreement and each of the other Loan Documents
shall be governed by and construed in accordance with the laws of the State of New York and the
applicable Legal Requirements of the United States of America.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.13 <U>Submission to Jurisdiction</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Any legal action or proceeding with respect to this Agreement or any other Loan Document
may be brought in the courts of the state of New York sitting in New York City or of the United
States for the Eastern District of such state, and by execution and delivery of this Agreement, the
Borrower, the Administrative Agent and each Lender consents, for itself and in respect of its
Property, to the non-exclusive jurisdiction of those courts. The Borrower, the Administrative
Agent and each Lender irrevocably waives any objection, including any objection to the laying of
venue or based on the grounds of <I>forum non conveniens</I>, which it may now or hereafter have to the
bringing of any action or proceeding in such jurisdiction in respect of any
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio --> -120- <!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Loan Document or other document related thereto. The Borrower, the Administrative Agent and
each Lender waives personal service of any summons, complaint or other process, which may be made
by any other means permitted by the law of such state.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Each Loan Party has irrevocably appointed C T Corporation System (the &#147;<U>Process
Agent</U>&#148;), with an office on the date hereof at 111 Eighth Ave., New York, New York, 10011, as
its agent to receive on its behalf and on behalf of its property service of copies of any summons
or complaint or any other process which may be served in any action. Such service may be made by
mailing or delivering a copy of such process to such Loan Party in care of the Process Agent at the
Process Agent&#146;s above address, and each Loan Party hereby irrevocably authorizes and directs the
Process Agent to accept such service on its behalf. As an alternative method of service, each Loan
Party also irrevocably consents to the service of any and all process in any such action or
proceeding by the mailing of copies of such process to it at the address specified for it on the
signature pages of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Nothing in this <U>Section&nbsp;10.13</U> shall affect the right of any Agent, the Issuing
Bank or any other Lender to serve legal process in any other manner permitted by law or affect the
right of any Agent, the Issuing Bank or any Lender to bring any action or proceeding against any
Loan Party (as the Borrower or as a Guarantor) in the courts of any other jurisdiction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.14 <U>Waiver of Jury</U>. Each party to this Agreement hereby expressly and
irrevocably waives any right to trial by jury of any claim, demand, action or cause of action
arising under any Loan Document or in any way connected with or related or incidental to the
dealings of the parties hereto or any of them with respect to any Loan Document, or the
transactions related thereto, in each case whether now existing or hereafter arising, and whether
founded in contract or tort or otherwise; and each party hereby agrees and consents that any such
claim, demand, action or cause of action shall be decided by court trial without a jury, and that
any party to this Agreement may file an original counterpart or a copy of this Section with any
court as written evidence of the consent of the signatories hereto to the waiver of their right to
trial by jury.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.15 <U>Collateral Matters; Swap Contracts</U>. The benefit of the Security
Documents and of the provisions of this Agreement relating to any Collateral securing the
Obligations shall also extend to and be available to those Lenders or their Affiliates which are
counterparties to any Swap Contract with any Loan Party on a pro rata basis in respect of any
obligations of any Loan Party which arise under any such Swap Contract while such Person or its
Affiliate is a Lender, but only while such Person or its Affiliate is a Lender, including any Swap
Contracts between such Persons in existence prior to the date hereof. No Lender or any Affiliate
of a Lender shall have any voting rights under any Loan Document as a result of the existence of
obligations owed to it under any such Swap Contracts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.16 <U>Judgment Currency</U>. If for the purposes of obtaining judgment in any
court it is necessary to convert a sum due from any Loan Party hereunder in the currency expressed
to be payable herein (the &#147;specified currency&#148;) into another currency, the parties hereto agree, to
the fullest extent that they may effectively do so, that the rate of exchange used shall be that at
which in accordance with normal banking procedures the Administrative Agent could purchase the
specified currency with such other currency at the Administrative Agent&#146;s
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio --> -121- <!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">main New York office on the Business Day preceding that on which final, non-appealable
judgment is given. The obligations of the Loan Parties in respect of any sum due to any Secured
Party hereunder shall, notwithstanding any judgment in a currency other than the specified
currency, be discharged only to the extent that on the Business Day following receipt by such
Secured Party of any sum adjudged to be so due in such other currency such Secured Party may in
accordance with normal, reasonable banking procedures purchase the specified currency with such
other currency. If the amount of the specified currency so purchased is less than the sum
originally due to such Secured Party in the specified currency, each Loan Party agrees, to the
fullest extent that it may effectively do so, as a separate obligation and notwithstanding any such
judgment, to indemnify such Secured Party against such loss.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.17 <U>Entire Agreement</U>. This Agreement and the other Loan Documents represent
the final agreement among the parties and may not be contradicted by evidence of prior,
contemporaneous, or subsequent oral agreements of the parties. There are no unwritten oral
agreements among the parties.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.18 <U>USA Patriot Act Notice</U>. Each Lender hereby notifies the Borrower that
pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law
October&nbsp;26, 2001)) (the &#147;<U>Act</U>&#148;), it is required to obtain, verify and record information
that identifies the Borrower, which information includes the name and address of the Borrower and
other information that will allow such Lender to identify the Borrower in accordance with the Act.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt">[Remainder of this page intentionally left blank. Signature pages follow.]
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio --> -122- <!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EXECUTED as of the date first above written.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><U>BORROWER</U>:<BR>
<BR>
WILLBROS USA, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Gay Stanley Mayeux
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;Gay Stanley Mayeux&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;Authorized Representative&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="52%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>GUARANTORS</U>:</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WILLBROS GROUP, INC.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WILLBROS ENGINEERS, INC.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WILLBROS GOVERNMENT SERVICES, INC.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WILLBROS INTERNATIONAL, INC.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WILLBROS MIDDLE EAST, INC.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WILLBROS PROJECT SERVICES, INC.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WILLBROS RPI, INC.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">INTERNATIONAL PIPELINE EQUIPMENT, INC.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WILLBROS CANADA HOLDINGS LIMITED</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WILLBROS ACQUISITION CANADA LIMITED</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WILLBROS (CANADA)&nbsp;GP I LIMITED</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WILLBROS (CANADA)&nbsp;GP III LIMITED</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">                                         /s/ Gay Stanley Mayeux
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;Gay Stanley Mayeux&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;Authorized Representative&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="52%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WILLBROS CONSTRUCTION SERVICES<br>
(CANADA)&nbsp;L.P.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: Willbros (Canada) GP I Limited, its general<BR>
partner</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">                                               /s/ Gay Stanley Mayeux
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;Gay Stanley Mayeux&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;Authorized Representative&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Signature Page to Credit Agreement<BR>
Willbros USA, Inc.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="52%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WILLBROS MIDWEST PIPELINE <br>CONSTRUCTION (CANADA)&nbsp;L.P.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: Willbros (Canada) GP III Limited, its general<BR>
partner</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">                                         /s/ Gay Stanley Mayeux
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;Gay Stanley Mayeux&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;Authorized Representative&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Signature Page to Credit Agreement<BR>
Willbros USA, Inc.
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="52%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CALYON NEW YORK BRANCH,</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">as Administrative Agent, Collateral Agent, Issuing<br>
Bank, a Lender</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
&nbsp;<BR><DIV style="font-size: 1pt">&nbsp;</DIV>
Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;/s/ Dennis E. Petito
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Dennis E. Petito
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Managing Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: &nbsp;<BR><DIV style="font-size: 1pt">&nbsp;</DIV>
Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;/s/ Michael D. Willis
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Michael D. Willis
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Signature Page to Credit Agreement<BR>
Willbros USA, Inc.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="52%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CREDIT SUISSE, CAYMAN ISLANDS BRANCH</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">as a Lender</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:<BR><DIV style="font-size: 1pt">&nbsp;</DIV>
Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Vanessa Gomez
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Vanessa Gomez
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"> Vice President</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:<BR><DIV style="font-size: 1pt">&nbsp;</DIV>
Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Morenikeji Ajavi
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Morenikeji Ajavi
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Associate</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Signature Page to Credit Agreement<BR>
Willbros USA, Inc.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="52%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">UBS LOAN FINANCE LLC</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">as a Lender</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">     /s/ Mary E. Evans
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;Mary E. Evans&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;Associate Director&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">     /s/ David B. Julie
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;David B. Julie&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;Associate Director&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Signature Page to Credit Agreement<BR>
Willbros USA, Inc.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="52%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NATIXIS<BR>
as a Lender</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:<BR><DIV style="font-size: 1pt">&nbsp;</DIV>
Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Timothy L. Polvado
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Timothy L. Polvado
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Managing Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:<BR><DIV style="font-size: 1pt">&nbsp;</DIV>
Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Donovan C. Broussard
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Donovan C. Broussard
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Managing Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Signature Page to Credit Agreement<BR>
Willbros USA, Inc.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="52%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">AMEGY BANK N.A.<BR>
as a Lender</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:<BR><DIV style="font-size: 1pt">&nbsp;</DIV>
Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ G. Scott Collins
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
G. Scott Collins
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Signature Page to Credit Agreement<BR>
Willbros USA, Inc.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT A</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>ASSIGNMENT AND ACCEPTANCE</B></U>

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Dated <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (the &#147;<U>Effective Date</U>&#148;)
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference is made to the Credit Agreement dated as of November&nbsp;20, 2007 (as the same may be
amended or modified from time to time, the &#147;<U>Credit Agreement</U>&#148;) among Willbros USA, Inc., a
Delaware corporation (the &#147;<U>Borrower</U>&#148;), Willbros Group, Inc., a Panamanian corporation, and
certain subsidiaries and affiliates thereof, as guarantors, the lenders from time to time party
thereto (the &#147;<U>Lenders</U>&#148;), and Calyon New York Branch, as administrative agent for the
Lenders (in such capacity, the &#147;<U>Administrative Agent</U>&#148;), collateral agent and issuing bank.
Capitalized terms not otherwise defined in this Assignment and Acceptance shall have the meanings
assigned to them in the Credit Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the terms of the Credit Agreement, <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (the &#147;<U>Assignor</U>&#148;)
wishes to assign and delegate such percentage of its rights and obligations under the Credit
Agreement as set forth herein to <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (the &#147;<U>Assignee</U>&#148;). Therefore,
Assignor, Assignee, and the Administrative Agent agree as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;The Assignor hereby sells and assigns and delegates to the Assignee, and the Assignee
hereby purchases and assumes from the Assignor, without recourse to the Assignor and without
representation or warranty except for the representations and warranties specifically set forth in
clauses (i)&nbsp;and (ii)&nbsp;of Section&nbsp;2 hereof, such percentage interest in and to all of the Assignor&#146;s
rights and obligations under the Credit Agreement as of the Effective Date, including, without
limitation, such percentage interest in the Assignor&#146;s Commitment, Advances owing to the Assignor
and the Assignor&#146;s Letter of Credit Exposure to the extent related to the amount and percentage
interest identified on the Assignee&#146;s signature page hereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;The Assignor (i)&nbsp;represents and warrants that, prior to executing this Assignment and Acceptance,
its Revolving Commitment is $<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, the aggregate outstanding principal amount of the
Revolving Advances owed to it is $<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> and its Applicable Percentage of the Letter of
Credit Exposure is $<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>; (ii)&nbsp;represents and warrants that it is the legal and
beneficial owner of the interest being assigned by it hereunder and that such interest is free and
clear of any adverse claim; (iii)&nbsp;makes no representation or warranty and assumes no responsibility
with respect to any statements, warranties, or representations made in, or in connection with, the
Credit Agreement or any other Loan Document or the execution, legality, validity, enforceability,
genuineness, sufficiency, or value of the Credit Agreement or any other Loan Document or any other
instrument or document furnished pursuant thereto; and (iv)&nbsp;makes no representation or warranty and
assumes no responsibility with respect to the financial condition of any Loan Party or the
performance or observance by any Loan Party of any of its respective obligations under the Credit Agreement or any other Loan
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit A &#150; Page 1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Document or any other instrument or document furnished pursuant thereto&#091;; and (v)&nbsp;attaches the Note
held by the Assignor and requests that the Administrative Agent exchange such Note for a new Note
dated <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, &#95;&#95;&#95;in the principal amount of $<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> payable to the order of the
Assignor.&#093;<SUP style="font-size: 85%; vertical-align: text-top">1</SUP>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;The Assignee (i)&nbsp;confirms that it has received a copy of the Credit Agreement, together
with copies of the most recent financial statements referred to in Section&nbsp;5.06 thereof and such
other documents and information as it has deemed appropriate to make its own credit analysis and
decision to enter into this Assignment and Acceptance; (ii)&nbsp;agrees that it will, independently and
without reliance upon the Administrative Agent, the Assignor, or any other Lender and based on such
documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under the Credit Agreement or any other Loan Document;
(iii)&nbsp;appoints and authorizes the Administrative Agent to take such action as agent on its behalf
and to exercise such powers under the Credit Agreement and any other Loan Document as are delegated
to the Administrative Agent by the terms thereof, together with such powers as are reasonably
incidental thereto; (iv)&nbsp;agrees that it will perform in accordance with their terms all of the
obligations which by the terms of the Credit Agreement or any other Loan Document are required to
be performed by it as a Lender; (v)&nbsp;specifies as its Applicable Lending Office (and address for
notices) the office set forth beneath its name on the signature pages hereof; (vi)&nbsp;attaches the
forms prescribed by the Internal Revenue Service of the United States certifying as to the
Assignee&#146;s status for purposes of determining exemption from United States withholding taxes with
respect to all payments to be made to the Assignee under the Credit Agreement &#091;and the Note&#093; or
such other documents as are necessary to indicate that all such payments are subject to such rates
at a rate reduced by an applicable tax treaty<SUP style="font-size: 85%; vertical-align: text-top">2</SUP>, and (vii)&nbsp;represents that it is an
Eligible Assignee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;The effective date for this Assignment and Acceptance shall be the Effective Date set forth
above and following the execution of this Assignment and Acceptance, the Administrative Agent will
record it.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;Upon such recording, and as of the Effective Date, (i)&nbsp;the Assignee shall be a party to the
Credit Agreement for all purposes, and, to the extent provided in this Assignment and Acceptance,
have the rights and obligations of a Lender thereunder and (ii)&nbsp;the Assignor shall, to the extent
provided in this Assignment and Acceptance, relinquish its rights and be released from its
obligations under the Credit Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;Upon such recording, from and after the Effective Date, the Administrative Agent shall make
all payments under the Credit Agreement &#091;and the Note&#093; in respect of the interest assigned hereby
(including, without limitation, all payments of principal, interest, letter of credit fees and
commitment fees) to the
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>As contemplated in Section&nbsp;2.04 of Credit Agreement,
Note to be provided only if requested by Assignee.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>To be provided if the Assignee is organized under the
laws of a jurisdiction outside the United States.</TD>
</TR>

</TABLE>






<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit A &#150; Page 2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Assignee. The Assignor and Assignee shall make all appropriate adjustments
in payments under the Credit Agreement &#091;and the Note&#093; for periods prior to the Effective Date
directly between themselves.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;This Assignment and Acceptance shall be governed by, and construed and enforced in
accordance with, the laws of the State of New York.
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">&#091;Signature Pages Follow&#093;

</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit A &#150; Page 3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The parties hereto have caused this Assignment and Acceptance to be duly executed as of the
Effective Date.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">&#091;ASSIGNOR&#093;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3"><div style="border-top: 1px solid #000000; margin-left: 16pt">&nbsp;</div></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 0px solid #000000">&nbsp;</DIV>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3"><div style="border-top: 1px solid #000000; margin-left: 30pt">&nbsp;</div></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3"><div style="border-top: 1px solid #000000; margin-left: 25pt">&nbsp;</div></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Address:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3"><div style="border-top: 1px solid #000000; margin-left: 40pt">&nbsp;</div></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Telecopy No: (XXX)&nbsp;XXX-XXXX</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit A &#150; Page 4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">&#091;ASSIGNEE&#093;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3"><div style="border-top: 1px solid #000000; margin-left: 16pt">&nbsp;</div></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 0px solid #000000">&nbsp;</DIV>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3"><div style="border-top: 1px solid #000000; margin-left: 30pt">&nbsp;</div></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3"><div style="border-top: 1px solid #000000; margin-left: 25pt">&nbsp;</div></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Lending Office</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Address:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Telecopy No: (XXX)&nbsp;XXX-XXXX</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Revolving Commitment:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Revolving Advances:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Applicable Percentage of the Letter of Credit Exposure:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Applicable Percentage:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit A &#150; Page 5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Acknowledged &#091;and approved&#093;<SUP style="font-size: 85%; vertical-align: text-top">3</SUP> as of the Effective Date:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">CALYON NEW YORK BRANCH,</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">as Administrative Agent and Issuing Bank</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">&#091;Approved as of the Effective Date:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">WILLBROS USA, INC.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD colspan="2" align="left" valign="top">&#093;<SUP style="font-size: 85%; vertical-align: text-top">4</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">3</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Approval of Administrative Agent and Issuing Bank
required if Assignee is not a Lender or an Affiliate of a Lender.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">4</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Provided no Default or Event of Default has occurred
and is continuing, the consent of the Borrower is required if Assignee is not a
Lender or an Affiliate of a Lender.</TD>
</TR>

</TABLE>




<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit A &#150; Page 6<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT C</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>FORM OF COMPLIANCE CERTIFICATE</B></U>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">&#091;For Fiscal Quarter Ended <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&#093;<BR>
&#091;For Fiscal Year Ended <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&#093;

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This certificate dated as of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> is prepared pursuant to the Credit
Agreement dated as of November&nbsp;20, 2007 (as amended, supplemented or otherwise modified from time
to time, the &#147;<U>Credit Agreement</U>&#148;) among Willbros USA, Inc., a Delaware corporation
(&#147;<U>Borrower</U>&#148;), Willbros Group, Inc., a Panamanian corporation (the &#147;<U>Parent</U>&#148;), and
certain subsidiaries and affiliates thereof, as guarantors, the lenders from time to time party
thereto (the &#147;<U>Lenders</U>&#148;), and Calyon New York Branch, as administrative agent for the
Lenders (in such capacity, the &#147;<U>Administrative Agent</U>&#148;), collateral agent and issuing bank.
Unless otherwise defined in this certificate, capitalized terms that are defined in the Credit
Agreement shall have the meanings assigned to them by the Credit Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent hereby certifies (a)&nbsp;that no Default or Event of Default has occurred or is continuing,
(b)&nbsp;that all of the representations and warranties made by each of the Loan Parties in the Credit
Agreement and the other Loan Documents are correct on and as of the date hereof, as if made on this
date, and (c)&nbsp;that as of the date hereof, the following amounts and calculations were true and
correct:
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">&#091;Remainder of page intentionally left blank.&#093;
</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit C &#150; Page 1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;6.15 &#150; <U>Maximum Capital Expenditure Ratio</U>.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(a)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Capital Expenditures made or incurred in the four<BR>
fiscal quarter period ending on the date hereof (including Acquisitions)<SUP style="font-size: 85%; vertical-align: text-top"> 1</SUP>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(b)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Consolidated EBITDA for the four fiscal quarter period ending on the date hereof<SUP style="font-size: 85%; vertical-align: text-top">2</SUP>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Capital Expenditure Ratio = (a)&nbsp;divided by (b)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left">The undersigned represents and warrants that Liquidity (has ___) (has not ___) been greater
than $35,000,000 at all times during the fiscal quarter ending on the date hereof and at all
times during each of the three preceding fiscal quarters ending after the Closing Date.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Maximum Capital Expenditure Ratio
permitted under Section&nbsp;6.15 of Credit Agreement:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">If Liquidity is equal to or less than $35,000,000 at any
time during the fiscal quarter ending on the date hereof
or at any time during any of the three preceding fiscal
quarters ending after the Closing Date</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom"> 1.50 to 1.00</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">If Liquidity is greater than $35,000,000 at all times
during the fiscal quarter ending on the date hereof
and at all times during each of the three preceding
fiscal quarters ending after the Closing Date</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">No Maximum</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Compliance </TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Yes&nbsp;No</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>See Schedule&nbsp;2 for detailed calculation of Capital
Expenditures.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>See Schedule&nbsp;1 for detailed calculation of
Consolidated EBITDA.</TD>
</TR>

</TABLE>





<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit C &#150; Page 2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;6.16 &#150; <U>Minimum Fixed Charge Coverage Ratio</U></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(a)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Consolidated EBITDA for the four fiscal quarter period ending on the date hereof
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(b)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Fixed Charges for the four fiscal quarter period ending on the date hereof<SUP style="font-size: 85%; vertical-align: text-top">3</SUP>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Fixed Charge Coverage Ratio = (a)&nbsp;divided by (b)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Minimum Fixed Charge Coverage Ratio
permitted under Section&nbsp;6.16 of Credit Agreement:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">For each fiscal quarter ending on or prior to
March&nbsp;31, 2008:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">3.00 to 1.00</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">For each fiscal quarter ending after March&nbsp;31, 2008
but on or prior to December&nbsp;31, 2008:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">3.25 to 1.00</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">For each fiscal quarter ending after
December&nbsp;31, 2008: </TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">3.50 to 1.00</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Compliance </TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Yes &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">3</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>See Schedule&nbsp;3 for detailed calculation of Fixed
Charges.</TD>
</TR>

</TABLE>





<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit C &#150; Page 3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;6.17 &#150; <U>Maximum Leverage Ratio</U>.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(a)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Consolidated Debt as of the date hereof
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="center" valign="top">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(a)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Consolidated EBITDA for the four fiscal quarter period ending on the date hereof
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="center" valign="top">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Leverage Ratio = (a)&nbsp;divided by (b)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="center" valign="top"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Maximum Leverage Ratio
permitted under Section&nbsp;6.17 of Credit Agreement:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">For each fiscal quarter ending on or prior to
March&nbsp;31, 2008:
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center" valign="bottom">2.50 to 1.00</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">For each fiscal quarter ending after March&nbsp;31, 2008
but on or prior to December&nbsp;31, 2008:
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center" valign="bottom">2.25 to 1.00</TD>

</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">For each fiscal quarter ending after
December&nbsp;31, 2008:
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center" valign="bottom">2.00 to 1.00</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Compliance </TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="center" valign="top">Yes &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit C &#150; Page 4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;6.18 &#150; <U>Minimum Net Worth</U></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(a)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Stockholders&#146; Equity of the Parent and its Subsidiaries as of the date hereof
(including the Intangible Assets of the Parent and its Subsidiaries)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(b)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">net income from the Nigerian Operations
(or any gain from the sale of the Nigerian Operations and/or assets)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(c)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">net loss from the Nigerian Operations
(or any loss from the sale of the Nigerian Operations and/or assets)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" valign="top" align="left">Net Worth = (a) -</TD>
    <TD colspan="2" align="left" valign="bottom">&nbsp;(b) &#043; (c)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(v)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">the Parent&#146;s consolidated Net Worth as reflected in the Form&nbsp;10-Q filed with the
SEC for the fiscal quarter ended September&nbsp;30, 2007
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(w)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">50% of Consolidated Net Income earned in each fiscal quarter ending after
December&nbsp;31, 2007 (with no deduction for a net loss in any such fiscal quarter)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(x)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">75% of the Equity Issuance Proceeds from any
Equity Issuance after the Closing Date (other than the Equity Offering)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(y)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">80% of the Equity Issuance Proceeds from the Equity Offering
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(z)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">75% of the stockholders&#146; equity resulting from the conversion of the Debt under the Convertible
Senior Notes into common stock of the Parent after the Closing Date
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left">Minimum Net Worth permitted under Section&nbsp;6.18
of the Credit Agreement = (v) &#043; (w) &#043; (x) &#043; (y) &#043; (z)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Compliance</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit C &#150; Page 5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, I have hereto signed my name to this Compliance Certificate as of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">WILLBROS GROUP, INC.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size:1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top"><DIV style="font-size: 1px; border-top: 1px solid #000000; margin-left:24px">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit C &#150; Page 6<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SCHEDULE 1<BR>
TO COMPLIANCE CERTIFICATE
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Calculation of Consolidated EBITDA</B>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">COMPONENT OF CONSOLIDATED EBITDA</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">TOTAL</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">a. Consolidated Net
Income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Minus<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">b. results from
discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Plus<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">c. Consolidated Interest
Expense<SUP style="font-size: 85%; vertical-align: text-top">4</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Plus<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">d. charges against
income for foreign,
federal, state, and
local taxes<SUP style="font-size: 85%; vertical-align: text-top">4</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Plus<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">e. depreciation and
amortization
expense<SUP style="font-size: 85%; vertical-align: text-top">4</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Plus<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">f. other non-cash
charges (other than
non-cash charges related
to the SEC/DOJ
Investigation)<SUP style="font-size: 85%; vertical-align: text-top">
4</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Plus<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">g. extraordinary
expenses or
losses<SUP style="font-size: 85%; vertical-align: text-top">4</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Plus<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">h. amortization or write
off of debt
discount<SUP style="font-size: 85%; vertical-align: text-top">4</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Plus<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">i. debt issuance costs
and commissions,
discounts and other fees
and charges associated
with letters of credit
or Debt<SUP style="font-size: 85%; vertical-align: text-top">4</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Plus<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">j. any losses on sales
of assets outside the
ordinary course of
business<SUP style="font-size: 85%; vertical-align: text-top">4</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Minus<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">k. extraordinary or
non-recurring gains</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Minus<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">l. any gain realized
upon the sale or other
disposition of any
assets of the Parent or
any of its Subsidiaries
(other than in the
ordinary course of
business)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD colspan="3"><SUP style="font-size: 85%; vertical-align: text-top">4</SUP> To the extent deducted in determining Consolidated Net
Income.</TD>
</TR>

</TABLE>



<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit C &#150; Page 7<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">COMPONENT OF CONSOLIDATED EBITDA</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">TOTAL</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Minus<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">m. the income of any
Person (other than
Wholly-Owned
Subsidiaries of the
Borrower) in which the
Parent or a Wholly-Owned
Subsidiary of the Parent
has an ownership
interest except to the
extent (i)&nbsp;such income
is received by the
Parent or such
Wholly-Owned Subsidiary
in a cash distribution
during such period or
(ii)&nbsp;there are no
restrictions on
receiving dividends,
payments or other
distributions from such
Person to the extent of
the Parent&#146;s or its
Wholly-Owned
Subsidiary&#146;s ownership
interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Plus loss or<BR>minus income</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">n. of any Person accrued prior to the date it becomes a Subsidiary of the Parent or is merged
into or consolidated
with the Parent or any
of its Subsidiaries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Minus<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">o. non-cash gains (other
than gains resulting
from derivatives to the
extent the amount of
commodities hedged with
such derivatives exceeds
the Parent&#146;s and its
Subsidiaries&#146;
commodities sold),
losses or adjustments
under FASB Statement 133
as a result of changes
in the fair market value
of derivatives</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Minus gains or plus losses<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">p. from the sale of the Nigerian Operations
and/or Nigerian assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Minus<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">q. the interest income
of the Parent and its
Subsidiaries calculated
on a consolidated basis
in accordance with GAAP
for such period</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Plus<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">r. non-cash charges in
an aggregate amount not
to exceed $32,300,000
associated with the
penalties and
disgorgements sought to
be assessed pursuant to
the SEC/DOJ
Investigation<SUP style="font-size: 85%; vertical-align: text-top">4</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit C &#150; Page 8<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">COMPONENT OF CONSOLIDATED EBITDA</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">TOTAL</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Plus<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">s. cash payments to
holders of the
Convertible Senior Notes
permitted under clause
(ii)(B) of the first
sentence of Section&nbsp;2.14
of the Credit Agreement
and incurred in fiscal
year 2007<SUP style="font-size: 85%; vertical-align: text-top">4</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Minus<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">t. cash payments made
during such period in
respect of non-cash
charges included in
determining Consolidated
EBTIDA for any previous
period</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">u. pro forma adjustments
for Acquisitions
(including the InServ
Acquisition) assuming
that such transactions
had occurred on the
first day of the
determination period</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">v. pro forma adjustments
for Asset Dispositions
assuming that such
transactions had
occurred on the first
day of the determination
period</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="left">CONSOLIDATED EBITDA:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit C &#150; Page 9<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SCHEDULE 2<BR>
TO COMPLIANCE CERTIFICATE
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Calculation of Capital Expenditures</B>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">COMPONENT OF CAPITAL EXPENDITURES</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">TOTAL</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">a. all expenditures
of any Person in
respect of the
purchase or other
acquisition,
construction or
improvement of any
fixed or capital
assets that are
required to be
capitalized under
GAAP on a balance
sheet as property,
plant, equipment or
other fixed assets
or intangibles</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Excluding<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">b. normal
replacements and
maintenance which
are properly
charged to current
operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Excluding<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">c. amounts expended
with the proceeds
of insurance to
repair or replace
fixed or capital
assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Excluding<BR></TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">d. expenditures in
connection with any
Governmental
Fueling Facility
that have been
reimbursed directly
or indirectly by
the applicable
Governmental
Authority or
financed by Debt
permitted by
Section&nbsp;6.02(j) of
the Credit
Agreement</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="left">CAPITAL EXPENDITURES:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit C &#150; Page 10<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SCHEDULE 3<BR>
TO COMPLIANCE CERTIFICATE
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Calculation of Fixed Charges</B>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Ending</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">COMPONENT OF FIXED CHARGES</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">__/__/__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">TOTAL</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consolidated
Interest Expense
(including, without
limitation, the
interest expense
with respect to
Capital Leases and
the Convertible
Senior Notes)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="left">FIXED CHARGES:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit C &#150; Page 11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT D</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>FORM OF LETTER OF CREDIT REQUEST</B></U>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>,&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Calyon New York Branch,</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">as Issuing Bank</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">1301 Avenue of the Americas</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">New York, New York 10019</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Attention:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ladies and Gentlemen:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The undersigned, Willbros USA, Inc., a Delaware corporation (the &#147;<U>Borrower</U>&#148;),
refers to the Credit Agreement dated as of November&nbsp;20, 2007 (as the same may be amended, restated
or otherwise modified from time-to-time, the &#147;<U>Credit Agreement</U>&#148;; the defined terms of which
are used in this Letter of Credit Request unless otherwise defined in this Letter of Credit
Request) among the Borrower, Willbros Group, Inc., a Panamanian corporation, and certain
subsidiaries and affiliates thereof, as guarantors, the lenders from time to time party thereto
(the &#147;<U>Lenders</U>&#148;), and Calyon New York Branch, as administrative agent for the Lenders (in
such capacity, the &#147;<U>Administrative Agent</U>&#148;), collateral agent and issuing bank, and hereby
gives you (the &#147;<U>Issuing Bank</U>&#148;) irrevocable notice pursuant to Section&nbsp;2.03 of the Credit
Agreement that:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#091;The Borrower hereby requests that the Issuing Bank issue a Letter of Credit, substantially in the
form of Form&nbsp;1 attached hereto, as follows:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Stated Amount: <BR>
Account Party:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$<DIV align="right">
<DIV style="font-size: 1pt; margin-top: 1pt; width: 97%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Beneficiary Name:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">And Address:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap valign="top"><DIV style="margin-left:0px; text-indent:-0px">Beneficiary Primary Contact:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-bottom: 1px solid #000000"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Phone Number:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-bottom: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Expiry Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top" nowrap>

&#093;
<DIV align="left">
<DIV style="font-size: 1pt; margin-top: 1pt; width: 97%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#091;The Borrower hereby requests that the Issuing Bank increase the Stated Amount of an existing
Letter of Credit as follows:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap valign="top"><DIV style="margin-left:0px; text-indent:-0px">Existing Letter of Credit No.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="white-space: nowrap">&nbsp;<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV></FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap valign="top"><DIV style="margin-left:0px; text-indent:-0px">Existing Stated Amount:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">$<DIV align="right">
<DIV style="font-size: 1pt; margin-top: 1pt; width: 97%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>
</TD>

    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Account Party:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 0px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Beneficiary Name:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">And Address:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit D &#150; Page 1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Beneficiary Primary Contact:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Phone Number:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Expiry Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">New Stated Amount:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$<DIV align="right">
<DIV style="font-size: 1pt; margin-top: 1pt; width: 97%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

</TD>
    <TD>&#093;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#091;The Borrower hereby requests that the Issuing Bank extend the expiry date of an existing Letter of
Credit as follows:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Existing Letter of Credit No.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Stated Amount:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$<DIV align="right">
<DIV style="font-size: 1pt; margin-top: 1pt; width: 97%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Account Party:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Beneficiary Name:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">And Address:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-bottom: 1px solid #000000"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Beneficiary Primary Contact:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Phone Number:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Existing Expiry Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">New Expiry Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV align="left" style="font-size: 10pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&#093;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Borrower hereby certifies that the following statements are true on the date hereof, and will
be true on the date of the &#091;issuance&#093;&#091;extension&#093;&#091;increase&#093; of the Letter of Credit requested
herein:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the representations and warranties of the Loan Parties contained in Article&nbsp;IV
of the Credit Agreement and in each of the other Loan Documents are correct on and as
of the date of &#091;issuance&#093;&#091;extension&#093;&#091;increase&#093; of the Letter of Credit requested
herein, before and after giving effect to such &#091;issuance&#093;&#091;extension&#093;&#091;increase&#093;, as
though made on the date of such &#091;issuance&#093;&#091;extension&#093;&#091;increase&#093;; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>no Default or Event of Default has occurred and is continuing or would result
from such &#091;issuance&#093;&#091;extension&#093;&#091;increase&#093;.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Very truly yours,</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">WILLBROS USA, INC.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit D &#150; Page 2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT E</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>FORM OF NOTE</B></U>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><FONT style="white-space: nowrap">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top"><FONT style="white-space: nowrap"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>,&nbsp;20&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For value received, the undersigned WILLBROS USA, INC., a Delaware corporation (the
&#147;Borrower&#148;), hereby promises to pay to the order of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (&#147;Payee&#148;) the
principal amount of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> and No/100 Dollars ($<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>) or, if
less, the aggregate outstanding principal amount of the Revolving Advances (as defined in the
Credit Agreement referred to below) made by the Payee to the Borrower, together with interest on
the unpaid principal amount of the Revolving Advances from the date of such Revolving Advances
until such principal amount is paid in full, at such interest rates, and at such times, as are
specified in the Credit Agreement (as defined below). The Borrower may make prepayments on this
Note in accordance with the terms of the Credit Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Note is one of the notes referred to in, and is entitled to the benefits of, and is
subject to the terms of, the Credit Agreement dated as of November&nbsp;20, 2007 (as the same may be
amended or modified from time to time, the &#147;Credit Agreement&#148;), among the Borrower, Willbros Group,
Inc., a Panamanian corporation, and certain subsidiaries and affiliates thereof, as guarantors, the
lenders from time to time party thereto (the &#147;Lenders&#148;), and Calyon New York Branch, as
administrative agent for the Lenders (in such capacity, the &#147;Administrative Agent&#148;), collateral
agent and issuing bank. Capitalized terms used in this Note that are defined in the Credit
Agreement and not otherwise defined in this Note have the meanings assigned to such terms in the
Credit Agreement. The Credit Agreement, among other things, (a)&nbsp;provides for the making of the
Revolving Advances by the Payee to the Borrower in an aggregate amount not to exceed at any time
outstanding the Dollar amount first above mentioned, the indebtedness of the Borrower resulting
from each such Revolving Advance being evidenced by this Note, and (b)&nbsp;contains provisions for
acceleration of the maturity of this Note upon the happening of certain events stated in the Credit
Agreement and for prepayments of principal prior to the maturity of this Note upon the terms and
conditions specified in the Credit Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Both principal and interest are payable in lawful money of the United States of America to the
Administrative Agent at the location or address specified by the Administrative Agent to the
Borrower in same day funds. The Payee shall record payments of principal made under this Note, but
no failure of the Payee to make such recordings shall affect the Borrower&#146;s repayment obligations
under this Note.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Note is secured by the Security Documents and guaranteed pursuant to the terms of Article
VIII of the Credit Agreement.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as specifically provided in the Credit Agreement, the Borrower hereby waives
presentment, demand, protest, notice of intent to accelerate, notice of acceleration, and any other
notice of any kind. No failure to exercise, and no delay in exercising, any rights hereunder on
the part of the holder of this Note shall operate as a waiver of such rights.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK.</B>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left">WILLBROS USA, INC.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Gay Stanley Mayeux</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Authorized Representative</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->Signature Page to Note<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT F</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><U><B>NOTICE OF BORROWING</B></U>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">&#091;Date&#093;

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Calyon New York Branch,<BR>
as Administrative Agent<BR>
1301 Avenue of the Americas<BR>
New York, New York 10019<BR>
Attention: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Ladies and Gentlemen:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The undersigned, Willbros USA, Inc., a Delaware corporation (the &#147;<U>Borrower</U>&#148;), is party to
the Credit Agreement dated as of November&nbsp;20, 2007 (as the same may be amended or modified from
time-to-time, the &#147;<U>Credit Agreement</U>&#148;; the defined terms of which are used in this Notice of
Borrowing unless otherwise defined in this Notice of Borrowing) among the Borrower, Willbros Group,
Inc., a Panamanian corporation, and certain subsidiaries and affiliates thereof, as guarantors, the
lenders from time to time party thereto (the &#147;<U>Lenders</U>&#148;), and Calyon New York Branch, as
administrative agent for the Lenders (in such capacity, the &#147;<U>Administrative Agent</U>&#148;),
collateral agent and issuing bank. The undersigned gives you irrevocable notice pursuant to
Section&nbsp;2.02(a) of the Credit Agreement that the undersigned hereby requests a Borrowing, and in
connection with that request sets forth below the information relating to such Borrowing (the
&#147;<U>Proposed Borrowing</U>&#148;) as required by Section&nbsp;2.02(a) of the Credit Agreement:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Business Day of the Proposed Borrowing is <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, &#95;&#95;&#95;.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Proposed Borrowing is a &#091;Base Rate&#093; &#091;Eurocurrency Rate&#093; Revolving Advance.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The aggregate amount of the Proposed Borrowing is $<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#091;The Interest Period for each Eurocurrency Rate Advance made as part of the
Proposed Borrowing is <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> month&#091;s&#093;.&#093;</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Borrower hereby certifies that the following statements are true on the date hereof, and will
be true on the date of the Proposed Borrowing:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the representations and warranties of the Loan Parties contained in Article&nbsp;IV of
the Credit Agreement and each of the other Loan Documents are correct on and as of the
date of the Proposed Borrowing, before and after giving effect to such</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit F &#150; Page 1 <!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Proposed Borrowing and to the application of the proceeds therefrom, as though made on
the date of the Proposed Borrowing; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>no Default or Event of Default has occurred and is continuing, or would result
from such Proposed Borrowing or from the application of the proceeds therefrom.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Very truly yours,</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WILLBROS USA, INC.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Name:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Title:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit F &#150; Page 2 <!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT G</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><U><B>NOTICE OF CONVERSION OR CONTINUATION</B></U>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">&#091;Date&#093;

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Calyon New York Branch,<BR>
as Administrative Agent<BR>
1301 Avenue of the Americas<BR>
New York, New York 10019<BR>
Attention: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ladies and Gentlemen:

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The undersigned, Willbros USA, Inc., a Delaware corporation (the &#147;<U>Borrower</U>&#148;), is a party to
the Credit Agreement dated as of November&nbsp;20, 2007 (as the same may be amended, modified, or
supplemented from time-to-time, the &#147;<U>Credit Agreement</U>&#148;; the defined terms of which are used
in this Notice of Conversion or Continuation unless otherwise defined in this Notice of Conversion
or Continuation) among the Borrower, Willbros Group, Inc., a Panamanian corporation, and certain
subsidiaries and affiliates thereof, as guarantors, the lenders from time to time party thereto
(the &#147;<U>Lenders</U>&#148;), and Calyon New York Branch, as administrative agent for the Lenders (in
such capacity, the &#147;<U>Administrative Agent</U>&#148;), collateral agent and issuing bank. The
undersigned hereby gives you irrevocable notice pursuant to Section&nbsp;2.02(b) of the Credit Agreement
that the undersigned hereby requests a &#091;Conversion&#093; &#091;Continuation&#093; of outstanding Advances, and in
connection with that request sets forth below the information relating to such &#091;Conversion&#093;
&#091;Continuation&#093; (the &#147;<U>Proposed Borrowing</U>&#148;) as required by Section&nbsp;2.02(b) of the Credit
Agreement:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Business Day of the Proposed Borrowing is <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, &#95;&#95;&#95;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The aggregate amount of the existing Advance to be &#091;Converted&#093;&#091;Continued&#093; is $<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
and is a &#091;Base Rate&#093;&#091;Eurocurrency Rate&#093; &#091;Revolving&#093;&#091;LC&#093; Advance (the &#147;<U>Existing Advance</U>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The Proposed Borrowing consists of &#091;a Conversion of the Existing Advance to a &#091;Base
Rate&#093;&#091;Eurocurrency Rate&#093; &#091;Revolving&#093;&#091;LC&#093; Advance&#093; &#091;a Continuation of the Existing Advance&#093;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#091;(d)
The Interest Period for the Proposed Borrowing is &#091;&#95;&#95;&#95; month&#091;s&#093;.&#093;<SUP style="font-size: 85%; vertical-align: text-top">1</SUP>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>If the requested Continuation or Conversion is a
Eurocurrency Rate Advance.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit G &#150; Page 1 <!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Borrower hereby certifies that the following statements are true on the date hereof, and will
be true on the date of the Proposed Borrowing:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the representations and warranties of the Loan Parties contained in the
Credit Agreement, and each of the other Loan Documents are correct on and as of the
requested funding date of this Proposed Borrowing, before and after giving effect to such Proposed
Borrowing and to the application of the proceeds from such Proposed Borrowing, as
though made on and as of such date;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no Default or Event of Default has occurred and is continuing or would
result from such Proposed Borrowing or from the application of the proceeds therefrom;
and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) after giving effect to such Proposed Borrowing, there will be no more than
five Interest Periods applicable to outstanding Eurocurrency Rate Advances.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Very truly yours,</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WILLBROS USA, INC.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Name:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Title:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit G &#150; Page 2 <!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT H</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><U><B>FORM OF PLEDGE AGREEMENT</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Pledge Agreement dated as of November&nbsp;20, 2007 (this &#147;<U>Pledge Agreement</U>&#148;) is among
Willbros USA, Inc., a Delaware corporation (the &#147;<U>Borrower</U>&#148;), Willbros Group, Inc., a
Panamanian corporation (the &#147;<U>Parent</U>&#148;), certain Subsidiaries and Affiliates of the Parent
party hereto (each such Subsidiary and Affiliate, together with the Parent and the Borrower, each a
&#147;<U>Pledgor</U>&#148; and collectively, the &#147;<U>Pledgors</U>&#148;), and Calyon New York Branch, as
collateral agent (in such capacity, the &#147;<U>Collateral Agent</U>&#148;) for the Secured Parties (as
defined in the Credit Agreement referred to below).
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INTRODUCTION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Borrower, the Parent and certain Subsidiaries and Affiliates thereof party
thereto (the &#147;<U>Guarantors</U>&#148;), the lenders from time to time party thereto (the
&#147;<U>Lenders</U>&#148;) and Calyon New York Branch, as Administrative Agent, Collateral Agent and
Issuing Bank, have entered into that certain Credit Agreement dated as of November&nbsp;20, 2007 (as
amended, restated or otherwise modified from time-to-time, the &#147;<U>Credit Agreement</U>&#148;);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, each Guarantor has guaranteed the Obligations of the Borrower and the other
Guarantors under the Credit Agreement pursuant to <U>Article&nbsp;VIII</U> thereof;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Lenders have conditioned their obligations under the Credit Agreement upon the
execution and delivery by each Pledgor of this Pledge Agreement, and the Pledgors have agreed to
enter into this Pledge Agreement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, in order to comply with the terms and conditions of the Credit Agreement and
for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, each Pledgor hereby agrees with the Collateral Agent for its benefit and the benefit
of the Secured Parties as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1. <U>Definitions</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;All capitalized terms used herein but not otherwise defined herein that are defined in the
Credit Agreement shall have the meaning assigned to such terms in the Credit Agreement. Any terms
defined in Articles 8 or 9 of the Uniform Commercial Code as in effect in the State of New York as
of the date hereof (&#147;<U>UCC</U>&#148;) and not otherwise defined herein shall have the meanings
assigned to such terms in the UCC.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;All meanings to defined terms, unless otherwise indicated, are to be equally applicable to
both the singular and plural forms of the terms defined. Article, Section, Schedule, and Exhibit
references are to Articles and Sections of, and Schedules and Exhibits to, this Pledge Agreement,
unless otherwise specified. All references to instruments, documents, contracts, and agreements
are references to such instruments, documents, contracts, and agreements as the same may be
amended, supplemented, and otherwise modified from time to time, unless otherwise specified. The
words &#147;hereof&#148;, &#147;herein&#148; and &#147;hereunder&#148; and words of similar import when used in this Pledge
Agreement shall refer to this Pledge Agreement as a whole and not to any
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">particular provision of
this Pledge Agreement. As used herein, the term &#147;including&#148; means &#147;including, without
limitation,&#148;. Paragraph headings have been inserted in this Pledge Agreement as a matter of
convenience for reference only and it is agreed that such paragraph headings are not a part of this
Pledge Agreement and shall not be used in the interpretation of any provision of this Pledge
Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2. <U>Pledge</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Grant of Pledge</U>. Each Pledgor hereby pledges and charges to the Collateral
Agent, and grants to the Collateral Agent, for its benefit and the benefit of the Secured
Parties, a continuing lien on and security interest in the Pledged Collateral, as defined in
Section 2(b) below. This Pledge Agreement shall secure all Obligations of the Pledgors now
or hereafter existing under the Credit Agreement and the other Loan Documents to which any
Pledgor is a party, including any extensions, modification, substitutions, amendments, and
renewals thereof, whether for principal, interest, fees, expenses, indemnifications or
otherwise, in each case including the payment of amounts which would become due but for the
operation of the automatic stay under Section 362(a) of the United States Bankruptcy Code, 11
U.S.C. &#167;&#167; 101 <I>et seq</I>., as amended. All such obligations shall be referred to in this Pledge
Agreement as the &#147;<U>Secured Obligations</U>&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Pledged Collateral</U>. &#147;<U>Pledged Collateral</U>&#148; shall mean all of each
Pledgor&#146;s right, title, and interest in the following, whether now owned or hereafter
acquired by such Pledgor:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all of the membership interests listed in the attached <U>Schedule&nbsp;I</U>
issued to such Pledgor (the &#147;<U>Membership Interests</U>&#148;), all such additional
membership interests of any issuer of such interests hereafter acquired by such
Pledgor, the certificates (if any) representing the Membership Interests and all such
additional membership interests, all of Pledgor&#146;s rights, privileges, authority, and
powers as a member of the issuer of such Membership Interests under the applicable
limited liability company operating agreement or similar constitutive document of such
issuer or under any applicable Legal Requirement, and all rights to money or Property
which Pledgor now has or hereafter acquires in respect of the Membership Interests,
including, without limitation, (A)&nbsp;any Proceeds from a sale by or on behalf of Pledgor
of any of the Membership Interests, and (B)&nbsp;any distributions, dividends, cash,
instruments and other Property from time to time received or otherwise distributed in
respect of the Membership Interests, whether regular, special or made in connection
with the partial or total liquidation of the issuer and whether attributable to
profits, the return of any contribution or investment or otherwise attributable to the
Membership Interests or the ownership thereof other than distributions received by
Pledgor in compliance with the Loan Documents (collectively, the &#147;<U>Membership
Interests distributions</U>&#148;);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all of the general and limited partnership interests listed in the attached
<U>Schedule&nbsp;I</U> issued to Pledgor (the &#147;<U>Partnership Interests</U>&#148;), all such
additional limited or general partnership interests of any issuer of such
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit H &#150; Page 2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">Partnership
Interests hereafter acquired by Pledgor, the certificates (if any) representing the
Partnership Interests and all such additional partnership interests, all of Pledgor&#146;s
rights, privileges, authority, and powers as a limited or general partner of the
issuer of such Partnership Interests under the applicable partnership agreement or
limited partnership agreement or similar constitutive document of such issuer or under
any applicable Legal Requirement, and all rights to money or Property which Pledgor
now has or hereafter acquires in respect of the Partnership Interests, including,
without limitation, (A)&nbsp;any Proceeds from a sale by or on behalf of Pledgor of any of
the Partnership Interests, and (B)&nbsp;any distributions, dividends, cash, instruments and
other Property from time to time received or otherwise distributed in respect of the
Partnership Interests, whether regular, special or made in connection with the partial
or total liquidation of the issuer and whether attributable to profits, the return of
any contribution or investment or otherwise attributable to the Partnership Interests
or the ownership thereof other than distributions received by Pledgor in compliance with
the Loan Documents (collectively, the &#147;<U>Partnership Interest distributions</U>&#148;);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) all of the shares or shares of stock listed in the attached <U>Schedule
I</U> issued to Pledgor (the &#147;<U>Pledged Shares</U>&#148;), all such additional shares or
shares of stock of any issuer of such Pledged Shares hereafter issued to Pledgor, the
certificates representing the Pledged Shares and all such additional shares, all of
Pledgor&#146;s rights, privileges, authority, and powers as a shareholder of the issuer of
such Pledged Shares under the applicable articles of incorporation, certificate of
incorporation, bylaws or similar constitutive document of such issuer or under any
applicable Legal Requirements, and all rights to money or Property which Pledgor now
has or hereafter acquires in respect of the Pledged Shares, including, without
limitation, (A)&nbsp;any Proceeds from a sale by or on behalf of Pledgor of any of the
Pledged Shares, and (B)&nbsp;any distributions, dividends, cash, instruments and other
Property from time to time received or otherwise distributed in respect of the Pledged
Shares, whether regular, special or made in connection with the partial or total
liquidation of the issuer and whether attributable to profits, the return of any
contribution or investment or otherwise attributable to the Pledged Shares or the
ownership thereof other than distributions received by Pledgor in compliance with the
Loan Documents (collectively, the &#147;<U>Pledged Shares distributions</U>&#148;);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) all of the equity interests in joint venture companies listed in the
attached <U>Schedule&nbsp;I</U> issued to such Pledgor (the &#147;<U>JV Interests</U>&#148;), all
such additional equity interests of any issuer of such JV Interests hereafter issued
to such Pledgor, the certificates representing the JV Interests and all such
additional equity interests, all of such Pledgor&#146;s rights, privileges, authority, and
powers as an equity interest holder of such joint venture company under the applicable
constitutive documents of such joint venture company or under any applicable Legal
Requirement, and all rights to money or Property which such Pledgor now has or
hereafter acquires in respect of the JV Interests, including, without limitation, (A)
any Proceeds from a sale by or on behalf of such Pledgor of any of the JV Interests,
and (B)&nbsp;any distributions, dividends, cash, instruments and other Property from time
to time received or otherwise distributed in respect of the JV
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit H &#150; Page 3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">Interests, whether
regular, special or made in connection with the partial or total liquidation of the
issuer and whether attributable to profits, the return of any contribution or
investments or otherwise attributable to the JV Interests or the ownership thereof
other than distributions received by such Pledgor in compliance with the Loan
Documents (collectively the &#147;<U>JV Interest distributions</U>);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) all indebtedness now or hereafterowing to such Pledgor from an Affiliate or
Subsidiary of such Pledgor, including without limitation all such indebtedness
evidenced by the instruments described on the attached <U>Schedule&nbsp;I</U>
(collectively, the &#147;<U>Pledged Debt</U>&#148;), any and all instruments evidencing such
indebtedness, including promissory notes, bonds, debentures and other debt securities,
and all interest, cash, instruments and other Property from time to time received,
receivable or otherwise distributed in respect of, or in exchange for, any or all of
the foregoing (collectively, the &#147;<U>Pledged Debt distributions</U>&#148;); and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) all of the equity interests listed in the attached Schedule&nbsp;II issued to
such Pledgor (the &#147;<U>Other Interests</U>&#148;), all such additional equity interests of
any issuer of such Other Interests hereafter issued to such Pledgor, the certificates
representing the Other Interests and all such additional equity interests, all of such
Pledgor&#146;s rights, privileges, authority, and powers as an
equity interest holder of such issuer under the applicable constitutive documents
of such issuer or under any applicable Legal Requirement, and all rights to money or
Property which such Pledgor now has or hereafter acquires in respect of the Other
Interests, including, without limitation, (A)&nbsp;any Proceeds from a sale by or on behalf
of such Pledgor of any of the Other Interests, and (B)&nbsp;any distributions, dividends,
cash, instruments and other Property from time to time received or otherwise
distributed in respect of the Other Interests, whether regular, special or made in
connection with the partial or total liquidation of the issuer and whether
attributable to profits, the return of any contribution or investments or otherwise
attributable to the Other Interests or the ownership thereof other than distributions
received by such Pledgor in compliance with the Loan Documents (collectively the
&#147;<U>Other Interest distributions</U>&#148;; together with the Membership Interest
distributions, the Partnership Interest distributions, the Pledged Shares
distributions, the JV Interest distributions, and the Pledged Debt distributions, the
&#147;<U>distributions</U>&#148;)
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) all additions and accessions to, substitutions and replacements of, and all
products and proceeds from the Pledged Collateral described in paragraphs (i), (ii),
(iii), (iv), (v)&nbsp;and (vi)&nbsp;of this Section&nbsp;2(b).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">Notwithstanding the foregoing, &#147;Pledged Collateral&#148; as used herein shall not include any
Excluded Property.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Delivery of Pledged Collateral</U>. All certificates or instruments, if any,
representing the Pledged Collateral shall be delivered to the Collateral Agent and shall be
in suitable form for transfer by delivery, or shall be accompanied by duly executed
instruments of transfer or assignment in blank, all in form and substance reasonably
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit H &#150; Page 4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">satisfactory to the Collateral Agent; <U>provided that</U>, any certificates or instruments
representing the Other Interests shall only be delivered upon the request of the Collateral
Agent. After the occurrence and during the continuance of an Event of Default, the
Collateral Agent shall have the right, upon prior written notice to the Borrower, to transfer
to or to register in the name of the Collateral Agent or any of its nominees any of the
Pledged Collateral, subject to the rights specified in Section&nbsp;2(d). In addition, after the
occurrence and during the continuance of an Event of Default, the Collateral Agent shall have
the right at any time to exchange the certificates or instruments representing the Pledged
Collateral for certificates or instruments of smaller or larger denominations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Rights Retained by Pledgor</U>. Notwithstanding the pledge in Section&nbsp;2(a), so
long as no Event of Default shall have occurred and remain uncured:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) or, if an Event of Default shall have occurred and remain uncured, until such
time thereafter as such voting and other consensual rights have been terminated
pursuant to Section&nbsp;5 hereof, each Pledgor shall be entitled to exercise any voting
and other consensual rights pertaining to the Pledged Collateral for any purpose not
inconsistent with the terms of this Pledge Agreement or the Credit Agreement;
provided, however, that such Pledgor shall not exercise or shall refrain from
exercising any such right if such action would have a materially adverse effect on the
value of the Pledged Collateral;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) except as otherwise provided in the Credit Agreement, each Pledgor shall be
entitled to receive and retain any dividends and other distributions paid on or in
respect of the Pledged Collateral and the Proceeds of any sale of the Pledged
Collateral and all payments of
principal and interest on loans and advances made by such Pledgor to the issuer
of the Pledged Collateral; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) at and after such time as voting and other consensual rights have been
terminated pursuant to Section&nbsp;5 hereof, each Pledgor shall execute and deliver (or
cause to be executed and delivered) to the Collateral Agent all proxies and other
instruments as the Collateral Agent may reasonably request to (A)&nbsp;enable the
Collateral Agent to exercise the voting and other rights which such Pledgor is
entitled to exercise pursuant to subsection (i)&nbsp;of this Section&nbsp;2(d), and (B)&nbsp;to
receive the dividends or other distributions and Proceeds of sale of the Pledged
Collateral and payments of principal and interest which such Pledgor is authorized to
receive and retain pursuant to paragraph (ii)&nbsp;of this Section&nbsp;2(d).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3. <U>Pledgor&#146;s Representations and Warranties</U>. Each Pledgor represents and
warrants to the Collateral Agent and the Secured Parties, insofar as the same relate to such
Pledgor&#146;s assets, actions, statements and business, as follows:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Pledged Collateral listed on the attached Schedule&nbsp;I and Schedule&nbsp;II has been
duly authorized and validly issued and is fully paid and nonassessable.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit H &#150; Page 5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Pledgor is the legal and beneficial owner of the Pledged Collateral indicated
on Schedule&nbsp;I and Schedule&nbsp;II, free and clear of any Lien or option except for (i)&nbsp;the
security interest created by this Pledge Agreement and (ii)&nbsp;Liens permitted under clause (a)
of the definition of &#147;Excepted Liens&#148; in the Credit Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No authorization, authentication, approval, or other action by, and no notice to or
filing with, any Governmental Authority or regulatory body is required either (i)&nbsp;for the
pledge by such Pledgor of the Pledged Collateral (other than the Other Interests) pursuant to
this Pledge Agreement or for the execution, delivery, or performance of this Pledge Agreement
by such Pledgor (except to the extent that financing statements are required under the UCC to
be filed in order to maintain a perfected security interest) or (ii)&nbsp;for the exercise by the
Collateral Agent or any Secured Party of the voting or other rights provided for in this
Pledge Agreement or the remedies in respect of the Pledged Collateral (other than the Other
Interests) pursuant to this Pledge Agreement (except as may be required in connection with
such disposition by laws affecting the offering and sale of securities generally).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Such Pledgor has the full right, power and authority to deliver, pledge, assign and
transfer the Pledged Collateral to the Collateral Agent.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Membership Interests listed on Schedule&nbsp;I constitute 100% (or such other
percentage as specified on Schedule&nbsp;I) of the issued and outstanding membership interests of
each respective issuer thereof and all Membership Interests in which any Pledgor has any
ownership interest. The Partnership Interests listed on the attached Schedule&nbsp;I constitute
100% (or such other percentage as specified on Schedule&nbsp;I) of the issued and outstanding
partnership interests of the respective issuer thereof and all Partnership Interests in which
any Pledgor has any ownership interest. The Pledged Shares listed on the attached Schedule&nbsp;I
constitute 100% (or such other percentage as specified on Schedule&nbsp;I) of the issued and
outstanding shares or shares of capital stock of the respective issuer thereof and all
Pledged Shares in which Pledgor has any ownership interest. The JV Interests listed on
Schedule&nbsp;I constitute all of the JV Interests in which any Pledgor has any ownership
interest. The Other Interests listed on the attached
Schedule&nbsp;II constitute 100% (or such other percentage as specified on Schedule&nbsp;II) of
the issued and outstanding Other Interests of the respective issuer thereof and all Other
Interests in which any Pledgor has any ownership interest.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The name of each Pledgor set forth on the signature pages to this Pledge Agreement
is the exact legal name of such Pledgor.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4. <U>Pledgors&#146; Covenants</U>. During the term of this Pledge Agreement and until
all of the Secured Obligations (including all Letter of Credit Obligations) have been fully and
finally paid and discharged in full, all Letters of Credit have terminated or expired, all
obligations of the Issuing Bank and the Lenders in respect of Letters of Credit have terminated or
expired and all Commitments have terminated or expired, each Pledgor covenants and agrees with the
Collateral Agent that:
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit H &#150; Page 6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Protect Collateral</U>. Each Pledgor will warrant and defend the rights and
title herein granted unto the Collateral Agent in and to the Pledged Collateral (and all
right, title, and interest represented by the Pledged Collateral) against the claims and
demands of all Persons whomsoever.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Transfer, Other Liens, and Additional Shares</U>. Each Pledgor will not (i)
sell or otherwise dispose of, or grant any option with respect to, any of the Pledged
Collateral, except as permitted under the Credit Agreement or (ii)&nbsp;create or permit to exist
any Lien upon or with respect to any of the Pledged Collateral, except for (A)&nbsp;the Liens and
security interest under any Loan Document and (B)&nbsp;Liens permitted under clause (a)&nbsp;of the
definition of &#147;Excepted Liens&#148; in the Credit Agreement. Each Pledgor further agrees that it
will (1)&nbsp;cause each issuer of the Pledged Collateral not to issue any other membership
interests, partnership interests, shares, capital stock, joint venture interests or other
securities in addition to or in substitution for the Pledged Collateral issued by such
issuer, except to Pledgor and (2)&nbsp;pledge hereunder, immediately upon its acquisition
(directly or indirectly) thereof, any additional membership interests, partnership interests,
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;shares, capital stock, joint venture interests or other securities of an issuer of the
Pledged Collateral. No Pledgor shall approve any amendment or modification of any of the
Pledged Collateral unless it shall have given at least ten Business Days&#146; prior written
notice (or such lesser period as may be agreed by the Collateral Agent in writing) to the
Collateral Agent and such amendment or modification would not be materially adverse to the
interests of the Secured Parties.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Jurisdiction of Formation</U>. No Pledgor shall amend, supplement, modify or
restate its articles or certificate of incorporation, bylaws, limited liability company
agreements, or other equivalent constitutive documents if such amendment, supplement,
modification or restatement would be materially adverse to the interests of the Secured
Parties.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Further Assurances</U>. Each Pledgor agrees that, at its sole cost and expense,
such Pledgor will promptly execute and deliver all further instruments and documents, and
take all further action, that may be reasonably necessary and that the Collateral Agent or
any Secured Party may reasonably request, in order to perfect, maintain and protect any
security interest granted or purported to be granted hereby or to enable the Collateral Agent
or any Secured Party to exercise and enforce its rights and remedies hereunder with respect
to any Pledged Collateral.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5. <U>Remedies upon Default</U>. If any Event of Default shall have occurred and be
continuing:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>UCC Remedies</U>. To the extent permitted by law, the Collateral Agent may (and
at the request of the Majority Lenders shall) exercise in respect of the Pledged Collateral,
in addition to other rights and remedies provided for in this Pledge Agreement or otherwise
available to it, all the rights and remedies of a secured party under the UCC (whether or not
the UCC applies to the affected Pledged Collateral). This Pledge Agreement shall not be
construed to authorize the Collateral Agent to take any action
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit H &#150; Page 7<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">prohibited by the UCC or to
constitute a waiver by the Pledgor of any right that the UCC does not permit the Pledgor to
waive.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Dividends and Other Rights</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) All rights of Pledgor to exercise the voting and other consensual rights
which it would otherwise be entitled to exercise pursuant to Section&nbsp;2(d)(i) may be
exercised by the Collateral Agent if the Collateral Agent so elects and gives written
notice of such election to Pledgor and all rights of Pledgor to receive the dividends
and other distributions on or in respect of the Pledged Collateral and the proceeds of
sale of the Pledged Collateral which it would otherwise be authorized to receive and
retain pursuant to Section&nbsp;2(d)(ii) shall cease at such time as such written notice is
deemed effective pursuant to the provisions of the Credit Agreement related to
effectiveness of notices.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) All dividends and other distributions on or in respect of the Pledged
Collateral and the proceeds of sale of the Pledged Collateral that are thereafter
received by Pledgor shall be received in trust for the benefit of the Collateral
Agent, shall be segregated from other funds of Pledgor, and shall be promptly paid
over to the Collateral Agent as Pledged Collateral in the same form as so received
(with any necessary endorsement).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Sale of Pledged Collateral</U>. The Collateral Agent may sell all or part of
the Pledged Collateral at public or private sale, at any of the Collateral Agent&#146;s offices or
elsewhere, for cash, on credit, or for future delivery, and upon such other terms as the
Collateral Agent may deem commercially reasonable in accordance with applicable laws. Each
Pledgor agrees that to the extent permitted by law such sales may be made without notice. If
notice is required by law, each Pledgor hereby deems 10&nbsp;days&#146; advance notice of the time and
place of any public sale or the time after which any private sale is to be made reasonable
notification, recognizing that if the Pledged Collateral threatens to decline speedily in
value or is of a type customarily sold on a recognized market shorter notice may be
reasonable. The Collateral Agent shall not be obligated to make any sale of the Pledged
Collateral regardless of notice of sale having been given. The Collateral Agent may adjourn
any public or private sale from time to time by announcement at the time and place fixed
therefor, and such sale may, without further notice, be made at the time and place to which
it was so adjourned. Each Pledgor shall cooperate fully with the Collateral Agent in all
respects in selling or realizing upon all or any part of the Pledged Collateral. In
addition, each Pledgor shall fully comply with federal and state securities laws and take
such actions as may be necessary to permit the Collateral Agent to sell or otherwise dispose
of any securities representing the Pledged Collateral in compliance with such laws.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Exempt Sale</U>. If, in the opinion of the Collateral Agent, there is any
question that a public or semipublic sale or distribution of any Pledged Collateral will
violate any state or federal securities law, the Collateral Agent in its discretion (i)&nbsp;may
offer and sell securities privately to purchasers who
will agree to take them for investment purposes and not with a view to distribution and
who will agree to the
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit H &#150; Page 8<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">imposition of restrictive legends on any certificates representing the
security, or (ii)&nbsp;may sell such securities in an intrastate offering under Section&nbsp;3(a)(11)
of the Securities Act of 1933, as amended, and no sale so made in good faith by the
Collateral Agent shall be deemed to be not &#147;commercially reasonable&#148; solely because so made.
Each Pledgor shall cooperate fully with the Collateral Agent in all reasonable respects in
selling or realizing upon all or any part of the Pledged Collateral.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>Application of Collateral</U>. The proceeds of any sale, or other realization
upon all or any part of the Collateral pledged by each Pledgor shall be applied by the
Collateral Agent as set forth in Section&nbsp;7.06 of the Credit Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <U>Cumulative Remedies</U>. Each right, power and remedy herein specifically
granted to the Collateral Agent or otherwise available to it shall be cumulative, and shall
be in addition to every other right, power and remedy herein specifically given or now or
hereafter existing at law, in equity, or otherwise, and each such right, power and remedy,
whether specifically granted herein or otherwise existing, may be exercised at any time and
from time to time as often and in such order as may be deemed expedient by the Collateral
Agent in its sole discretion. No failure on the part of the Collateral Agent to exercise,
and no delay in exercising, and no course of dealing with respect to, any such right, power
or remedy, shall operate as a waiver thereof, nor shall any single or partial exercise of any
such rights, power or remedy preclude any other or further exercise thereof or the exercise
of any other right.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6. <U>Collateral Agent as Attorney-in-Fact for Pledgors</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Collateral Agent Appointed Attorney-in-Fact</U>. Each Pledgor hereby
irrevocably appoints the Collateral Agent as such Pledgor&#146;s attorney-in-fact, with full
authority after the occurrence and during the continuance of an Event of Default to act for
such Pledgor and in the name of such Pledgor, and, in the Collateral Agent&#146;s discretion,
subject to such Pledgor&#146;s revocable rights specified in Section&nbsp;2(d), to take any action and
to execute any instrument which the Collateral Agent may deem necessary or advisable to
accomplish the purposes of this Pledge Agreement, including, without limitation, to receive,
indorse, and collect all instruments made payable to the Pledgor representing the proceeds of
the sale of the Pledged Collateral, or any distribution in respect of the Pledged Collateral
and to give full discharge for the same. EACH PLEDGOR HEREBY ACKNOWLEDGES, CONSENTS AND
AGREES THAT THE POWER OF ATTORNEY GRANTED PURSUANT TO THIS SECTION IS IRREVOCABLE AND COUPLED
WITH AN INTEREST.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Collateral Agent May Perform</U>. The Collateral Agent may from time to time,
at its option and expense, perform any act which any Pledgor agrees hereunder to perform and
which such Pledgor shall fail to perform after being requested in writing so to perform (it
being understood that no such request need be given after the occurrence and during the
continuance of any Event of Default and after notice thereof by the Collateral Agent to such
Pledgor) and the Collateral Agent may from time to time take any other action which the
Collateral Agent reasonably deems necessary for the maintenance, preservation or protection
of any of the Pledged Collateral or of its security interest therein. The Collateral Agent
shall be obligated to provide notice to such Pledgor of any action taken hereunder by
telecopy or by registered mail.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit H &#150; Page 9<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Collateral Agent Has No Duty</U>. The powers conferred on the Collateral Agent
hereunder are solely to protect its interest in the Pledged Collateral and shall not impose
any duty on it to exercise
any such powers. Except for reasonable care of any Pledged Collateral in its possession
and the accounting for moneys actually received by it hereunder, the Collateral Agent shall
have no duty as to any Pledged Collateral or responsibility for taking any necessary steps to
preserve rights against prior parties or any other rights pertaining to any Pledged
Collateral.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Reasonable Care</U>. The Collateral Agent shall be deemed to have exercised
reasonable care in the custody and preservation of the Pledged Collateral in its possession
if the Pledged Collateral is accorded treatment substantially equal to that which the
Collateral Agent accords its own property, it being understood that the Collateral Agent
shall have no responsibility for (i)&nbsp;ascertaining or taking action with respect to calls,
conversions, exchanges, maturities, tenders, or other matters relative to any Pledged
Collateral, whether or not the Collateral Agent has or is deemed to have knowledge of such
matters, or (ii)&nbsp;taking any necessary steps to preserve rights against any parties with
respect to any Pledged Collateral.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7. <U>Miscellaneous</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Expenses</U>. Each Pledgor will upon demand pay to the Collateral Agent for its
benefit and the benefit of the Secured Parties the amount of any reasonable out-of-pocket
expenses, including the reasonable fees and disbursements of its counsel and of any experts,
which the Collateral Agent and the Secured Parties may incur in connection with (i)&nbsp;the
custody, preservation, use, or operation of, or the sale, collection, or other realization
of, any of the Pledged Collateral, (ii)&nbsp;the exercise or enforcement of any of the rights of
the Collateral Agent or any Secured Party hereunder, and (iii)&nbsp;the failure by any Pledgor to
perform or observe any of the provisions hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Amendments, Etc</U>. No amendment or waiver of any provision of this Pledge
Agreement nor consent to any departure by any Pledgor herefrom shall be effective unless made
in writing and authenticated by the Borrower, each Pledgor affected thereby and the
Collateral Agent. In addition, no such amendment or waiver shall be effective unless given
or entered into with the necessary approvals of either the Majority Lenders or all Lenders as
required under the terms of the Credit Agreement. Any such waiver or consent, whether by the
Collateral Agent or the Collateral Agent and the Lenders shall be effective only in the
specific instance and for the specific purpose for which given.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Addresses for Notices</U>. All notices and other communications provided for
hereunder shall be in the manner and to the addresses set forth in the Credit Agreement.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit H &#150; Page 10<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Continuing Security Interest; Transfer of Interest</U>. This Pledge Agreement
shall create a continuing security interest in the Pledged Collateral and, unless expressly
released by the Collateral Agent, shall (i)&nbsp;remain in full force and effect until the Secured
Obligations (including all Letter of Credit Obligations) have been fully and finally paid and
discharged in full, all Letters of Credit have terminated or expired, all obligations of the
Issuing Bank and the Participants in respect of Letters of Credit have terminated or expired
and the Commitments have terminated or expired, (ii)&nbsp;be binding upon the Pledgors, the
Collateral Agent, the Secured Parties and their successors and assigns, and (iii)&nbsp;inure,
together with the rights and remedies of the Collateral Agent hereunder, to the benefit of
and be binding upon, the Collateral Agent, the Secured Parties and their respective
successors, transferees, and assigns. Upon the indefeasible payment in full of the Secured
Obligations (including all Letter of Credit Obligations), all Letters of Credit have
terminated or expired, all obligations of the Issuing Bank and the Lenders in respect of
Letters of Credit have terminated or expired and the Commitments have
terminated or expired, the security interest granted hereby shall terminate and all
rights to the Pledged Collateral shall revert to the Pledgors to the extent such Pledged
Collateral shall not have been sold or otherwise applied pursuant to the terms hereof.
Without limiting the generality of the foregoing clause, when any Secured Party assigns or
otherwise transfers any interest held by it under the Credit Agreement or other Loan Document
to any other Person pursuant to the terms of the Credit Agreement or other Loan Document,
that other Person shall thereupon become vested with all the benefits held by such Secured
Party under this Pledge Agreement. Upon any such termination, the Collateral Agent will, at
the Borrower&#146;s expense, deliver all Pledged Collateral to the Borrower, execute and deliver
to the Borrower such documents as the Borrower shall reasonably request and take any other
actions reasonably requested to evidence or effect such termination.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;<U>Waivers</U>. Each Pledgor hereby waives:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) promptness, diligence, notice of acceptance, and any other notice with
respect to any of the Secured Obligations and this Pledge Agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any requirement that the Collateral Agent or any Secured Party protect,
secure, perfect, or insure any Lien or any Property subject thereto or exhaust any
right or take any action against any Pledgor or any other Person or any collateral;
and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any duty on the part of the Collateral Agent to disclose to any Pledgor any
matter, fact, or thing relating to the business, operation, or condition of such
Pledgor and its respective assets now known or hereafter known by such Person.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <U>Severability</U>. Wherever possible each provision of this Pledge Agreement
shall be interpreted in such manner as to be effective and valid under applicable law, but if
any provision of this Pledge Agreement shall be prohibited by or invalid under such law, such
provision shall be ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this Pledge
Agreement.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit H &#150; Page 11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <U>Choice of Law</U>. This Pledge Agreement shall be governed by and construed and
enforced in accordance with the laws of the state of New York, except to the extent that the
validity or perfection of the security interests hereunder, or remedies hereunder, in respect
of any particular Collateral are governed by the laws of a jurisdiction other than the state
of New York.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <U>Counterparts</U>. For the convenience of the parties, this Pledge Agreement may
be executed in multiple counterparts, each of which for all purposes shall be deemed to be an
original, and all such counterparts shall together constitute but one and the same Pledge
Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <U>Reinstatement</U>. If, at any time after the Secured Obligations (including all
Letter of Credit Obligations) are fully satisfied, all Letters of Credit have terminated or
expired, all obligations of the Issuing Bank and the Lenders in respect of Letters of Credit
have terminated or expired, the Commitments have terminated or expired and the termination of
the Collateral Agent&#146;s security interest, any payments on the Secured Obligations previously
made by any Pledgor or any other Person must be disgorged by the Collateral Agent for any
reason whatsoever, including, without limitation, the insolvency, bankruptcy or
reorganization of such Pledgor or such Person, this Pledge Agreement and the Collateral
Agent&#146;s security interests herein shall be reinstated as to all disgorged payments as though
such payments had not been made, and such Pledgor shall sign and deliver to the Collateral
Agent all
documents, and shall do such other acts and things, as may be necessary to reinstate and
perfect the Collateral Agent&#146;s security interest.
</DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 6pt">&#091;Signature Page Follows&#093;
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->Exhibit H &#150; Page 12<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"> The parties hereto have caused this Pledge Agreement to be duly executed as of the date first
above written.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><U>PLEDGORS</U>:<BR>
<BR>
WILLBROS USA, INC.<BR>
WILLBROS GROUP, INC.<BR>
WILLBROS ENGINEERS, INC.<BR>
WILLBROS INTERNATIONAL, INC.<BR>
WILLBROS MIDDLE EAST, INC.<BR>
WILLBROS CANADA HOLDINGS LIMITED<BR>
WILLBROS ACQUISITION CANADA LIMITED<BR>
WILLBROS (CANADA)&nbsp;GP I LIMITED<BR>
WILLBROS (CANADA)&nbsp;GP III LIMITED<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gay Stanley Mayeux&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Authorized Representative&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MUSKETEER OIL B.V.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WILLBROS INTERNATIONAL DUTCH II B.V.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->Signature Page to Pledge Agreement<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>COLLATERAL AGENT</U>:</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CALYON NEW YORK BRANCH,</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">as Collateral Agent</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->Signature Page to Pledge Agreement<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">By signing below, each of the following Subsidiaries and Affilates of the Parent (the equity
interests of which constitute Pledged Collateral hereunder) confirms that an executed copy of this
Pledge Agreement has been submitted to it and acknowledges the pledge of the Pledged Collateral
pursuant to this Pledge Agreement.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left" nowrap>WILLBROS GOVERNMENT SERVICES, INC.<BR>
WILLBROS RPI, INC.<BR>
WILLBROS PROJECT SERVICES, INC.<BR>
INTERNATIONAL PIPELINE EQUIPMENT,
 INC.<BR>
THE OMAN CONSTRUCTION COMPANY, LLC<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gay Stanley Mayeux&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Authorized Representative&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">WILLBROS CONSTRUCTION SERVICES (CANADA)&nbsp;L.P.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">Willbros (Canada) GP I Limited
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gay Stanley Mayeux&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Authorized Representative&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">WILLBROS MIDWEST PIPELINE CONSTRUCTION (CANADA)&nbsp;L.P.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">Willbros (Canada) GP III Limited
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gay Stanley Mayeux&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Authorized Representative&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->Signature Page to Pledge Agreement<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SCHEDULE I</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>PLEDGED COLLATERAL (MATERIAL SUBSIDIARIES)</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">I. Membership Interests
</DIV>

<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Country</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Class of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>of Units /</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Pledged</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>(Pledged</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Membership</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Certificate(s)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>%</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Pledgor</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Subsidiary</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Subsidiary)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Interests</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>No(s).</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Interest</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros Middle East, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Oman Construction Company, LLC
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Oman
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">N/A
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">49%</TD>
</TR>
<!-- End Table Body -->

<TR valign="bottom"><!-- Blank Space -->
    <TD colspan="16"><DIV style="margin-left:15px; text-indent:-15px">II. Partnership Interests</DIV></TD>
</TR>

<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Limited</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Country</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Partner or</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>General</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Percentage</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Pledged</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>(Pledged</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Partnership</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Certificate(s)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Pledgor</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Subsidiary</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Subsidiary)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Interests</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>No(s).</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Interests</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">Willbros Canada Holdings Limited
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Construction Services (Canada) L.P.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Alberta, Canada
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Limited Partner
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No.&nbsp;003
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">99.99%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">Willbros Acquisition Canada Limited
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Midwest Pipeline Construction (Canada) L.P.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Alberta, Canada
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Limited Partner
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No.&nbsp;009
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">99.99%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros (Canada) GP I Limited
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Construction Services (Canada) L.P.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Alberta, Canada
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">General Partner
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No.&nbsp;001
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">&nbsp;&nbsp;0.01%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros (Canada) GP III Limited
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Midwest Pipeline Construction (Canada) L.P.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Alberta, Canada
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">General Partner
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No.&nbsp;008
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">&nbsp;&nbsp;0.01%</TD></TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Schedule&nbsp;I to Pledge Agreement &#150; Page 1

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">III. Shares
</DIV>

<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Country of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Stock</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Pledged</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>(Pledged</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Class of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Certificate</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Par</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Pledgor</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Subsidiary</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Subsidiary)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Stock</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Value</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Shares</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros Group,
Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros USA, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delaware
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">9</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">US$1.00
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">3,035</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Musketeer Oil B.V.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros USA, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delaware
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">2, 5, 7</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">US$1.00
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">5,167</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros Group,
Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros
International, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Republic of Panama
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">5</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">US$1.00
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">25,000</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros
International, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Middle
East, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Republic of Panama
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">2</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">US$1.00
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">1,000</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros
International, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">International
Pipeline Equipment,
Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Republic of Panama
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">2</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">US$1.00
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">1,000</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros USA, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Engineers,
Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delaware
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">105</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">US$1.00
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">1,000</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros USA, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros RPI, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delaware
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" colspan="3" valign="top">13</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">US$1.00
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" colspan="3" valign="top">1,000</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros USA, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Project
Services, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delaware
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">1</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">US$1.00
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">1,000</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros Engineers,
Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Government
Services, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delaware
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">2</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">US$1.00
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">1,000</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros
International Dutch
II B.V.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Canada
Holdings Limited
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">British Columbia,
Canada
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">CC-1
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Without
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">4,979,013</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros Canada
Holdings Limited
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros (Canada)
GP I Limited
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">British Columbia,
Canada
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">C-2</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Without
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">1</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros Canada
Holdings Limited
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros (Canada)
GP III Limited
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">British Columbia,
Canada
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">C-2</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Without
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">1,000</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros Canada
Holdings Limited
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros
Acquisition Canada
Limited
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">British Columbia,
Canada
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">C-2</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Without
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">1,000</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Schedule&nbsp;I to Pledge Agreement &#150; Page 2

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">IV. Joint Venture Interests
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Country</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Joint Venture</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>(Joint Venture</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Certificate(s)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Percentage</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Pledgor</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Company</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Company)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>No(s).</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Units/Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>of Interests</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">NONE</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">V. Intercompany Indebtedness Evidenced by Instruments
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Original</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Outstanding</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Principal</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Principal</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Stated</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Date of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Maturity Date</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Pledgor</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Debtor</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Indebtedness</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Indebtedness</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Instrument</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>of Instrument</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">NONE</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Schedule&nbsp;I to Pledge Agreement &#150; Page 3

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SCHEDULE II</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>PLEDGED COLLATERAL (OTHER INTERESTS)</B>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Country of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Type of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>(Pledged</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Interests</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>% Ownership</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Pledgor</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Pledged Subsidiary</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Subsidiary)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Pledged</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>of Pledgor</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Schedule&nbsp;II to Pledge Agreement &#150; Page 1

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>State or Country of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Organization</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Type of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>(Pledged</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Interests</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>% Ownership</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Pledgor</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Pledged Subsidiary</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Subsidiary)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Pledged</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>of Pledgor</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Schedule&nbsp;II to Pledge Agreement &#150; Page 2

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT I</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>FORM OF SECURITY AGREEMENT</B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Security Agreement dated as of November&nbsp;20, 2007 (&#147;<U>Security Agreement</U>&#148;), is by
and among Willbros USA, Inc., a Delaware corporation (the &#147;<U>Borrower</U>&#148;), Willbros Group,
Inc., a Panamanian corporation (the &#147;<U>Parent</U>&#148;), certain Subsidiaries and Affiliates of the
Parent party hereto (each such Subsidiary and Affiliate, together with the Parent and the Borrower,
each a &#147;<U>Grantor</U>&#148; and collectively, the &#147;<U>Grantors</U>&#148;), and Calyon New York Branch, as
collateral agent (in such capacity, the &#147;<U>Collateral Agent</U>&#148;) for the Secured Parties (as
defined in the Credit Agreement referred to below).
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">W I T N E S S E T H:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Borrower, the Parent and certain Subsidiaries and Affiliates thereof party
thereto (the &#147;<U>Guarantors</U>&#148;), the lenders from time to time party thereto (the
&#147;<U>Lenders</U>&#148;) and Calyon New York Branch, as Administrative Agent, Collateral Agent and
Issuing Bank, have entered into that certain Credit Agreement dated as of November&nbsp;20,&nbsp;2007 (as
amended, restated or otherwise modified from time-to-time, the &#147;<U>Credit Agreement</U>&#148;);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, each Guarantor has guaranteed the Obligations of the Borrower and the other
Guarantors under the Credit Agreement pursuant to <U>Article&nbsp;VIII</U> thereof; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Lenders have conditioned their obligations under the Credit Agreement upon the
execution and delivery by each Grantor of this Security Agreement, and the Grantors have agreed to
enter into this Security Agreement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, in order to comply with the terms and conditions of the Credit Agreement and
for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, each Grantor hereby agrees with the Collateral Agent for its benefit and the ratable
benefit of the Secured Parties as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1. <U>Defined Terms</U>. All capitalized terms used herein but not otherwise defined
herein that are defined in the Credit Agreement shall have the meaning assigned to such terms in
the Credit Agreement. As used herein, the following terms shall have the following meanings:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Account Debtor</U>&#148; shall mean any &#147;account debtor,&#148; as such term is defined in
Section&nbsp;9-102(a)(3) of the UCC.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Accounts</U>&#148; shall mean each &#147;account,&#148; as such term is defined in Section&nbsp;9-102(a)(2)
of the UCC, now owned or hereafter acquired by any Grantor or in which any Grantor now has or
hereafter acquires any rights; all accounts receivable (including credit card receivables), book
debts, and other forms of obligations (other than forms of obligations evidenced by Chattel Paper,
Documents or Instruments) now owned or hereafter received or acquired by or belonging or owing to
any Grantor (including, without limitation, under any trade names, styles or divisions thereof)
whether or not arising out of goods sold or leased or services rendered by any Grantor; all of each
Grantor&#146;s rights in, to and under all purchase orders
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">or receipts now owned or hereafter acquired by it for goods or services; all of each Grantor&#146;s
rights to any goods represented by any of the foregoing (including, without limitation, unpaid
seller&#146;s rights of rescission, replevin, reclamation and stoppage in transit and rights to
returned, reclaimed or repossessed goods); all moneys due or to become due to any Grantor under all
contracts for the sale of goods or the performance of services or both by any Grantor (whether or
not yet earned by performance on the part of any Grantor or in connection with any other
transaction), now in existence or hereafter occurring, including, without limitation, the right to
receive the proceeds of said purchase orders and contracts; and all collateral security and
guarantees of any kind given by any Person with respect to any of the foregoing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Chattel Paper</U>&#148; shall mean any &#147;chattel paper,&#148; as such term is defined in Section
9-102(a)(11) of the UCC, now owned or hereafter acquired by any Grantor or in which any Grantor now
has or hereafter acquires any rights and wherever located.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Collateral</U>&#148; shall have the meaning assigned to such term in Section&nbsp;2 of this
Security Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Commercial Tort Claim</U>&#148; shall mean any &#147;commercial tort claim,&#148; as such term is
defined in Section&nbsp;9-102(a)(13) of the UCC, now owned or hereafter acquired by any Grantor or in
which any Grantor now has or hereafter acquires any rights and wherever located.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Contracts</U>&#148; shall mean all contracts, undertakings, or other agreements (other than
rights evidenced by Chattel Paper, Documents or Instruments) in or under which any Grantor may now
or hereafter have any right, title or interest, including, without limitation, with respect to an
Account, any agreement relating to the terms of payment or the terms of performance thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Deposit Accounts</U>&#148; shall mean any &#147;deposit account,&#148; as such term is defined in
Section&nbsp;9-102(a)(29) of the UCC, now owned or hereafter acquired by any Grantor or in which Grantor
now has or hereafter acquires any rights and wherever located.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Documents</U>&#148; shall mean any &#147;document,&#148; as such term is defined in Section&nbsp;9-102(a)(30)
of the UCC, now owned or hereafter acquired by any Grantor or in which any Grantor now has or
hereafter acquires any rights and wherever located.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Electronic Chattel Paper</U>&#148; shall mean any &#147;electronic chattel paper,&#148; as such term is
defined in Section&nbsp;9-102(a)(31) of the UCC, now owned or hereafter acquired by any Grantor or in
which any Grantor now has or hereafter acquires any rights and wherever located.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Equipment</U>&#148; shall mean any &#147;equipment,&#148; as such term is defined in Section&nbsp;9-102(a)(33) of
the UCC, now owned or hereafter acquired by any Grantor or in which any Grantor now has or
hereafter acquires any rights and wherever located, and, in any event, shall include, without
limitation, all machinery, equipment, molds, furnishings, fixtures, motor vehicles and computers
and other electronic data-processing and other office equipment now owned or hereafter acquired by
any Grantor or in which any Grantor now has or hereafter acquires any rights and wherever located,
and any and all additions, substitutions and replacements of any of the foregoing, wherever
located, together with all attachments, components, parts, equipment and accessories installed
thereon or affixed thereto.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I &#150; Page 2

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>General Intangibles</U>&#148; shall mean any &#147;general intangibles,&#148; as such term is defined in
Section&nbsp;9-102(a)(42) of the UCC, now owned or hereafter acquired by any Grantor or in which any
Grantor now has or hereafter acquires any rights, and, in any event, shall include, without
limitation, all right, title and interest which any Grantor may now or hereafter have in or under
any Contract, causes of action, Payment Intangibles, franchises, tax refunds, tax refund claims,
Internet domain names, customer lists, Trademarks, Patents, rights in intellectual property,
Licenses, permits, copyrights, trade secrets, proprietary or confidential information, inventions
and discoveries (whether patented or patentable or not) and technical information, procedures,
designs, knowledge, know-how, software, data bases, business records data, skill, expertise,
experience, processes, models, drawings, materials and records, goodwill, all claims under any
guaranty, security interests or other security held by or granted to any Grantor to secure payment
of the Accounts by an Account Debtor obligated thereon, all rights of indemnification and all other
intangible property of any kind and nature.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Goods</U>&#148; shall mean any &#147;goods,&#148; as such term is defined in Section&nbsp;9-102(a)(44) of the
UCC, now owned or hereafter acquired by any Grantor or in which any Grantor now has or hereafter
acquires any rights and wherever located.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Instruments</U>&#148; shall mean any &#147;instrument,&#148; as such term is defined in
Section&nbsp;9-102(a)(47) of the UCC, now owned or hereafter acquired by any Grantor or in which any
Grantor now has or hereafter acquires any rights and wherever located.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Inventory</U>&#148; shall mean any &#147;inventory,&#148; as such term is defined in
Section&nbsp;9-102(a)(48) of the UCC, now owned or hereafter acquired by any Grantor or in which any
Grantor now has or hereafter acquires any rights and wherever located, and, in any event, shall
include, without limitation, all inventory, merchandise, goods and other personal property, now
owned or hereafter acquired by any Grantor or in which any Grantor now has or hereafter acquires
any rights and wherever located, which are held for sale or lease or are furnished or are to be
furnished under a contract of service or which constitute raw materials, work in process or
materials used or consumed or to be used or consumed in any Grantor&#146;s business, or the processing,
packaging, delivery or shipping of the same, and all finished goods.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Investment Property</U>&#148; shall mean any &#147;investment property,&#148; as such term is defined in
Section&nbsp;9-102(a)(49) of the UCC, now owned or hereafter acquired by any Grantor or in which any
Grantor now has or hereafter acquires any rights and wherever located.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Letter-of-Credit Rights</U>&#148; shall mean any &#147;letter-of-credit rights,&#148; as such term is
defined in Section&nbsp;9-102(a)(51) of the UCC, now owned or hereafter acquired by any Grantor or in
which any Grantor now has or hereafter acquires any rights and wherever located.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>License</U>&#148; shall mean any Patent License, Trademark License or other license as to
which the Collateral Agent has been granted a security interest hereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Payment Intangible</U>&#148; shall mean any &#147;Payment intangible&#148;, as such term is defined in
Section&nbsp;9-102(a)(61).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Patent License</U>&#148; shall mean all of the following now owned or hereafter acquired by
any Grantor or in which any Grantor now has or hereafter acquires any rights: to the
extent assignable by any Grantor, any written agreement granting any right to make, use, sell and/or
practice any invention or discovery that is the subject matter of a Patent.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 3

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Patent</U>&#148; or &#147;<U>Patents</U>&#148; shall mean one or all of the following now or hereafter
owned by any Grantor or in which any Grantor now has or hereafter acquires any rights: (i)&nbsp;all
letters patent of the United States or any other country and all applications for letters patent of
the United States or any other country, (ii)&nbsp;all reissues, continuations, continuations-in-part,
divisions, reexaminations or extensions of any of the foregoing, and (iii)&nbsp;all inventions disclosed
in and claimed in the Patents and any and all trade secrets and know-how related thereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Proceeds</U>&#148; shall mean &#147;proceeds&#148;, as such term is defined in Section&nbsp;9-102(a)(64) of
the UCC and, in any event, shall include, without limitation, (i)&nbsp;any and all proceeds of any
insurance, indemnity, warranty or guaranty payable to any Grantor from time to time with respect to
any of the Collateral, (ii)&nbsp;any and all payments (in any form whatsoever) made or due and payable
to Grantor from time to time in connection with any requisition, confiscation, condemnation,
seizure or forfeiture of all or any part of the Collateral by any governmental body, authority,
bureau or agency (or any person acting under color of governmental authority), (iii)&nbsp;any claim of
any Grantor against third parties (A)&nbsp;for past, present or future infringement of any Patent or
Patent License or (B)&nbsp;for past, present or future infringement or dilution of any Trademark or
Trademark License or for injury to the goodwill associated with any Trademark, Trademark
registration or Trademark licensed under any Trademark License, (iv)&nbsp;any and all other amounts from
time to time paid or payable under or in connection with any of the Collateral, and (v)&nbsp;the
following types of property acquired with cash proceeds: Accounts, Chattel Paper, Contracts,
Deposit Accounts, Documents, General Intangibles, Equipment and Inventory.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Secured Obligations</U>&#148; shall mean all Obligations. Without limiting the generality of
the foregoing, the Secured Obligations include all amounts that constitute part of the Obligations
and would be owed by any Grantor to Collateral Agent or any Secured Party but for the fact that
they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization, or
similar proceeding involving a Grantor.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Security Agreement</U>&#148; shall mean this Security Agreement, as the same may from time to
time be amended, restated, modified or supplemented.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Supporting Obligations</U>&#148; shall mean all &#147;supporting obligations&#148; as such term is
defined in Section&nbsp;9-102(77) of the UCC.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Supplemental Documentation</U>&#148; shall have the meaning assigned to it in Section&nbsp;5(a) of
this Security Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Trademark License</U>&#148; shall mean all of the following now owned or hereafter acquired by
any Grantor or in which any Grantor now has or hereafter acquires any rights: any written
agreement granting any right to use any Trademark or Trademark registration.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Trademark</U>&#148; or &#147;<U>Trademarks</U>&#148; shall mean one or all of the following now owned
or hereafter acquired by any Grantor or in which any Grantor now has or hereafter acquires any
rights: (i)&nbsp;all trademarks, trade names, corporate names,
business names, trade styles, service
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 4

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">marks, logos, other source or business identifiers, prints and labels on which any of the foregoing
have appeared or appear, designs and general intangibles of like nature, now existing or hereafter
adopted or acquired, all registrations and recordings thereof, and all applications in connection
therewith, including, without limitation, registrations, recordings and applications in the United
States Patent and Trademark Office or in any similar office or agency of any State of the United
States or any other country or any political subdivision thereof, (ii)&nbsp;all extensions or renewals
thereof and (iii)&nbsp;the goodwill symbolized by any of the foregoing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>UCC</U>&#148; shall mean the Uniform Commercial Code as the same may, from time to time, be in
effect in the State of New York; <U>provided</U>, <U>however</U>, in the event that, by reason of
mandatory provisions of law, any or all of the attachment, perfection or priority of the Collateral
Agent&#146;s security interest in any Collateral is governed by the Uniform Commercial Code as in effect
in a jurisdiction other than the State of New York, the term &#147;UCC&#148; shall mean the Uniform
Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof
relating to such attachment, perfection or priority and for purposes of definitions related to such
provisions.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2. <U>Grant of Security Interest</U>. As collateral security for the prompt and
complete payment and performance when due (whether at stated maturity, by acceleration or
otherwise) of all the Secured Obligations, each Grantor hereby charges and grants to the Collateral
Agent, for the benefit of the Secured Parties, a continuing security interest in all of such
Grantor&#146;s rights, title and interest in, to and under the following, whether now owned or existing
or hereafter arising or acquired (all of which being hereinafter collectively called the
&#147;<U>Collateral</U>&#148;):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;all Accounts;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;all Deposit Accounts;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;all Chattel Paper;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;all Commercial Tort Claims, including those listed on <U>Schedule&nbsp;2(d</U>);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;all Contracts;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;all Documents;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;all Equipment;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;all Goods;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;all General Intangibles;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;all Instruments;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;all Inventory;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;all Investment Property;
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 5

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;all Letter-of-Credit Rights;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;all money;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)&nbsp;all Supporting Obligations;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)&nbsp;all other goods and personal property of such Grantor, whether tangible or intangible, now
owned or hereafter acquired by such Grantor or in which such Grantor now has or hereafter acquires
any rights and wherever located; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)&nbsp;to the extent not otherwise included, all Proceeds of each of the foregoing and all
accessions to, substitutions and replacements for, and rents, profits and products of each of the
foregoing and all books and records relating to each of the foregoing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Notwithstanding the foregoing, &#147;Collateral&#148; as used herein shall not include any Excluded Property.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3. <U>Right of the Secured Parties; Limitations on the Secured Parties&#146; Obligations;
License</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Grantors Remain Liable</U>. It is expressly agreed by each Grantor that, anything
herein to the contrary notwithstanding, the Collateral Agent and the Secured Parties shall not have
any obligations or liabilities under any Contract or License by reason of or arising out of this
Security Agreement or the granting to the Collateral Agent of a security interest therein or the
receipt by the Collateral Agent of any payment relating to any Contract or License pursuant hereto,
nor shall the Collateral Agent or any Secured Party be required or obligated in any manner to
perform or fulfill any of the obligations of Grantor under or pursuant to any Contract or License,
or to make any payment, or to make any inquiry as to the nature or the sufficiency of any payment
received by it or the sufficiency of any performance by any party under any Contract or License, or
to present or file any claim, or to take any action to collect or enforce any performance or the
payment of any amounts which may have been assigned to it or to which it may be entitled at any
time or times.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Direct Collection</U>. The Collateral Agent may also at any time after the occurrence
of, and during the continuance of, any Event of Default, after first notifying any Grantor of its
intention to do so, open such Grantor&#146;s mail and collect any and all amounts due from Account
Debtors to such Grantor, and, if such Grantor shall fail to act in accordance with the following
sentence, notify Account Debtors of such Grantor, parties to the Contracts with such Grantor,
obligors of Instruments of such Grantor and obligors in respect of Chattel Paper of such Grantor
that the Accounts and the right, title and interest of such Grantor in and under such Contracts,
such Instruments and such Chattel Paper have been assigned to the Collateral Agent and that
payments shall be made directly to the Collateral Agent or to a lockbox designated by the
Collateral Agent. Upon the request of the Collateral Agent made at any time after the occurrence
of, and during the continuance of, a Default or Event of Default, each Grantor will so
notify such Account Debtors, parties to such Contracts, obligors of such Instruments and
obligors in respect of such Chattel Paper. The Collateral Agent also may at any time, upon
reasonable advance notice to any Grantor (unless a Default or Event of Default has occurred, and is
continuing, in which case no notice is necessary), in its own name or in the name of such
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 6

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Grantor,
communicate with such Account Debtors, parties to such Contracts, obligors of such Instruments and
obligors in respect of such Chattel Paper to verify with such Persons to the Collateral Agent&#146;s
sole satisfaction the existence, amount and terms of any such Accounts, Contracts, Instruments or
Chattel Paper.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4. <U>Representations and Warranties</U>. The Grantors jointly and severally
represent and warrant to the Collateral Agent and the Secured Parties that:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Sole Owner</U>. Except for the security interest granted to the Collateral Agent
pursuant to this Security Agreement, such Grantor is the sole legal and beneficial owner or lessee
or authorized licensee of each item of the Collateral in which it purports to grant a security
interest hereunder, having good and sufficient title thereto, or a valid interest as a lessee or
licensee thereunder, free and clear of any and all Liens (except Permitted Liens), and, in the case
of Patents and Trademarks, free and clear of Licenses, registered user agreements and covenants not
to sue third Persons. No amounts payable under or in connection with any of its Accounts or
Contracts are evidenced by Instruments which have not been delivered to the Collateral Agent.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>No Other Security Agreement</U>. No effective security agreement, financing
statement, equivalent security or lien instrument or continuation statement covering all or any
part of the Collateral is on file or of record in any public office, except such as may have been
filed by a Grantor in favor of or assigned to the Collateral Agent pursuant to this Security
Agreement and except such as may have been filed to evidence Permitted Liens.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Financing Statements</U>. Upon the filing of appropriate financing statements in the
jurisdictions listed in <U>Schedule&nbsp;I</U> hereto, this Security Agreement is effective to create a
valid and continuing lien on and perfected security interest in the Collateral with respect to
which a security interest may be perfected by filing pursuant to the UCC in favor of the Collateral
Agent. Upon such filing, all action requested by the Collateral Agent as necessary or desirable to
protect and perfect such security interest in each item of the Collateral will have been duly
taken.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Locations</U>. The Collateral Agent is authorized to file UCC-1 Financing Statements
and all other necessary documentation (including amendments or assignments of existing UCC-1
Financing Statements) to perfect the security interests hereunder on behalf of each Grantor and for
the benefit of the Secured Parties. Each Grantor agrees that such financing statements may
describe the Collateral in the same manner as described in this Security Agreement or as &#147;all
assets&#148; or &#147;all personal property&#148; of such Grantor or contain such other descriptions of the
Collateral as the Collateral Agent, in its sole judgment, deems necessary or advisable. Such
Grantor hereby ratifies each such financing statement and any and all financing statements filed
prior to the date hereof by the Collateral Agent. Each Grantor&#146;s jurisdiction of organization or
incorporation is set forth on <U>Schedule&nbsp;II</U> hereto, and each Grantor will not change such
jurisdiction of organization or incorporation unless it has taken such action (if any) as is
necessary to cause the security interest of the Collateral Agent in the Collateral to continue to
be perfected and has given thirty (30)&nbsp;days&#146; prior written notice thereof to the Collateral
Agent. Any new jurisdiction of organization shall be within the United States of America for all
Grantors which are currently organized in the United States of America.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 7

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
'
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>Patents</U>. The Patents (if any) and, to the best of such Grantor&#146;s knowledge, any
patents in which such Grantor has been granted rights pursuant to the Patent Licenses are
subsisting and have not been adjudged invalid or unenforceable; each of the Patents and, to the
best of such Grantor&#146;s knowledge, any patent in which such Grantor has been granted rights pursuant
to Patent Licenses are valid and enforceable; no claim has been made that the use of any of the
Patents or any patent in which such Grantor has been granted rights pursuant to the Patent Licenses
does or may violate the rights of any third person; and such Grantor shall take all reasonable
actions necessary to insure that the Patents and any patents in which such Grantor has been granted
rights pursuant to the Patent Licenses remain valid and enforceable.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <U>Trademarks</U>. The Trademarks (if any) and, to the best of such Grantor&#146;s knowledge,
any trademarks in which such Grantor has been granted rights pursuant to Trademark Licenses are
subsisting and have not been adjudged invalid or unenforceable; each of the Trademarks and, to the
best of such Grantor&#146;s knowledge, any trademark in which such Grantor has been granted rights
pursuant to Trademark Licenses is valid and enforceable; no claim has been made that the use of any
of the Trademarks or any trademark in which such Grantor has been granted rights pursuant to the
Trademark Licenses does or may violate the rights of any third person; upon registration of its
Trademarks, such Grantor will use for the duration of this Security Agreement, proper statutory
notice in connection with its use of the Trademarks; and such Grantor will use, for the duration of
this Security Agreement, consistent standards of quality in its manufacture of products sold under
the Trademarks and any trademarks in which such Grantor has been granted rights pursuant to the
Trademark Licenses.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <U>Copyrights</U>. Such Grantor has no copyrights or copyright licenses which have been
registered or for which registration has been applied for.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5. <U>Covenants</U>. Each Grantor covenants and agrees with the Collateral Agent
that from and after the date of this Security Agreement and until the Secured Obligations
(including all Letter of Credit Obligations) are fully satisfied, all Letters of Credit have
terminated or expired, all obligations of the Issuing Bank and the Lenders in respect of Letters of
Credit have terminated or expired and the Commitments have terminated or expired:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Further Documentation; Pledge of Instruments</U>. At any time and from time to time,
upon the written request of the Collateral Agent, and at the sole expense of such Grantor, such
Grantor will promptly and duly execute and deliver any and all such further instruments, documents
and agreements and take such further action as the Collateral Agent may reasonably deem desirable
to obtain the full benefits of this Security Agreement and of the rights and powers herein granted,
including, without limitation using its reasonable efforts to secure all consents and approvals
necessary or appropriate for the assignment to the Collateral Agent of any License or Contract held
by such Grantor or in which such Grantor has any rights not heretofore assigned, the filing of any
financing or continuation statements under the UCC with respect to the liens and security interests
granted hereby, transferring Collateral to the Collateral Agent&#146;s possession (if a security
interest in such Collateral can be perfected only by possession),
placing the interest of the Collateral Agent as lienholder on the certificate of title of any
vehicle and using its best efforts to obtain waivers of liens from landlords and mortgagees. Such
Grantor hereby irrevocably makes, constitutes and appoints the Collateral Agent (and all Persons
designated by the Collateral Agent for that purpose) as such
Grantor&#146;s true and lawful attorney,
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 8

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">effective upon the failure or refusal of such Grantor, upon the Collateral Agent&#146;s request, to
execute and/or deliver to the Collateral Agent any financing statement, continuation statement,
instrument, document, or agreement which the Collateral Agent may reasonably deem desirable to
obtain the full benefits of this Security Agreement and of the rights and powers granted hereunder
(herein, &#147;<U>Supplemental Documentation</U>&#148;), to sign such Grantor&#146;s name on any such
Supplemental Documentation and to deliver any such Supplemental Documentation to such Person as the
Collateral Agent, in its sole discretion, shall elect. Such Grantor also hereby authorizes the
Collateral Agent to file any financing or continuation statement relating to the Collateral without
the signature of such Grantor to the extent permitted by applicable law. Such Grantor agrees that
a carbon, photographic, photostatic, or other reproduction of this Security Agreement or of a
financing statement is sufficient as a financing statement and may be filed by the Collateral Agent
in any filing office. If any amount payable under or in connection with any of the Collateral
shall be or become evidenced by any Instrument or Document other than in the ordinary course of
business, such Instrument or Document shall be immediately delivered to the Collateral Agent
hereunder, and, if requested by the Collateral Agent, shall be duly endorsed in a manner
satisfactory to the Collateral Agent and delivered to the Collateral Agent.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Limitation on Liens on Collateral</U>. Such Grantor will not create, permit or suffer
to exist, and will defend the Collateral against and take such other action as is necessary to
remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title and
interest of the Collateral Agent in and to Grantor&#146;s rights under the Chattel Paper, Contracts,
Documents, General Intangibles and Instruments and to the Equipment and Inventory and in and to the
Proceeds thereof against the claims and demands of all Persons whomsoever.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Maintenance of Insurance</U>. Such Grantor will maintain, with financially sound and
reputable companies, casualty and liability insurance policies with respect to the Collateral which
conform in all respects to the requirements of the Credit Agreement in respect thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Limitations on Disposition</U>. Such Grantor will not sell, lease, transfer or
otherwise dispose of any of the Collateral, or attempt or contract to do so except as may be
expressly permitted under the Credit Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>Right of Inspection</U>. The Collateral Agent shall at all times have the rights of
inspection set forth in the Credit Agreement. Without limitation of the foregoing, the Collateral
Agent and its representatives shall also have the right, with reasonable notice and at all
reasonable times during normal business hours, to enter into and upon any premises where any of the
Equipment or Inventory is located for the purpose of inspecting the same, observing its use or
otherwise protecting its interests therein.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <U>Continuous Perfection</U>. Such Grantor will not change its name, identity or
corporate structure in any manner which might make any financing or continuation statement filed in
connection herewith seriously misleading within the meaning of Section&nbsp;9-506 of the
UCC (or any other then applicable provision of the UCC) unless such Grantor shall have given
the Collateral Agent at least thirty (30)&nbsp;days&#146; prior written notice thereof and shall have taken
all action (or made arrangements to take such action substantially simultaneously with such change
if it is impossible to take such action in advance) necessary or reasonably requested by the
Collateral Agent to amend such financing statement or continuation statement so that it is not
seriously misleading.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 9

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <U>Consignment of Inventory</U>. Except as specified on <U>Schedule&nbsp;III</U>, such
Grantor shall not, at any time during the term of this Security Agreement, place any Inventory on
consignment with any Person.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6. <U>Covenants Regarding Specific Collateral</U>. Each Grantor covenants and agrees
with the Collateral Agent that from and after the date of this Security Agreement and until the
Secured Obligations (including all Letter of Credit Obligations) are fully satisfied, all Letters
of Credit have terminated or expired, all obligations of the Issuing Bank and the Lenders in
respect of Letters of Credit have terminated or expired and the Commitments have terminated or
expired:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Covenants Relating to Accounts, Etc</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;Such Grantor will perform and comply with all obligations in respect of Accounts, Chattel
Paper, Contracts and Licenses and all other agreements to which it is a party or by which it is
bound.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;Such Grantor will not, without the Collateral Agent&#146;s prior written consent, after the
occurrence of, and during the continuance of, any Event of Default, grant any extension of the time
of payment of any of the Accounts, Chattel Paper or Instruments, compromise, compound or settle the
same for less than the full amount thereof, release, wholly or partly, any Person liable for the
payment thereof, or allow any credit or discount whatsoever thereon other than trade discounts
granted, or for returns in the ordinary course of business of such Grantor.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;The Collateral Agent may rely, in determining the collateral value to the Collateral
Agent of the Accounts from time to time, on all statements or representations made by such Grantor
on or with respect to the Accounts in any certificate, schedule or report and, unless otherwise
indicated in writing by such Grantor, may assume that: (A)&nbsp;they are genuine, are in all respects
what they purport to be; are not evidenced by a judgment and if Chattel Paper or Instruments are
only evidenced by one, if any, executed original instrument, agreement, contract, or document,
which, if requested by the Collateral Agent, and without violating the rights of the holders of any
Permitted Liens senior to the Collateral Agent&#146;s security interest hereunder, has been delivered to
the Collateral Agent; (B)&nbsp;they represent undisputed, bona fide transactions completed in accordance
with the terms and provisions contained in any documents related thereto; (C)&nbsp;except as set forth
in Subsection (D)&nbsp;below, the amounts of the face value shown on any certificate or report provided
to the Collateral Agent, and/or any invoices and statements delivered to the Collateral Agent with
respect to any Account are actually and absolutely owing to such Grantor and are not known by such
Grantor to be contingent for any reason; (D)&nbsp;there are no setoffs, counterclaims or disputes
existing or asserted with respect thereto and such Grantor has not made any agreement with any Account Debtor
thereunder for any deduction therefrom, except for returns, discounts, rebates or allowances
permitted by such Grantor in the ordinary course of its business; (E)&nbsp;there are no facts, events,
or occurrences which in any way impair the validity or enforceability
thereof or reduce the amount
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 10

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">payable thereunder from the amount of the invoice face value shown on any such certificate or
report and on all contracts, invoices and statements delivered to the Collateral Agent with respect
thereto; (F)&nbsp;to the best of such Grantor&#146;s knowledge, all Account Debtors thereunder (x)&nbsp;had the
capacity to contract at the time any contract or other document giving rise to the Account was
executed and (y)&nbsp;are solvent; (G)&nbsp;the goods giving rise thereto were not, at the time of the sale
thereof, subject to any lien, claim, encumbrance or security interest, except Permitted Liens; and
(H)&nbsp;each invoice or other evidence of payment obligation furnished to Account Debtors with respect
to outstanding Accounts is issued in such Grantor&#146;s corporate name; provided, <U>however</U>, that
such Grantor may use other trade styles different from their corporate names from time to time for
invoicing purposes so long as (i)&nbsp;such Grantor shall notify the Collateral Agent in writing thereof
prior to the use of such trade styles; (ii)&nbsp;the Accounts so created and the payments received with
respect thereto shall be and remain Grantor&#146;s property; (iii)&nbsp;no other Person (other than holders
of Permitted Liens) shall have any interest in such Accounts; and (iv)&nbsp;the trade styles so used are
names either owned by such Grantor or for the use of which such Grantor shall have obtained prior
approval.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Covenants Relating to Inventory</U>. The Collateral Agent may rely, in determining
the collateral value to the Collateral Agent of the Inventory from time to time, on all statements
or representations made by such Grantor on or with respect to Inventory in any certificate,
schedule or report and, unless otherwise indicated in writing by such Grantor, may assume that:
(i)&nbsp;all Inventory is either (A)&nbsp;located at places of business or Collateral locations listed on
<U>Schedule&nbsp;III</U> attached hereto or (B)&nbsp;is Inventory in transit from one such place of business
or Collateral location to another; (ii)&nbsp;no Inventory is subject to any lien or security interest
whatsoever, except for those granted to the Collateral Agent hereunder and Permitted Liens; (iii)
except as specified on <U>Schedule&nbsp;III</U> hereto, no Inventory is now, and shall not at any time
or times hereafter be, kept, stored or maintained with a bailee, warehouseman or similar party; and
(iv)&nbsp;except as specified on <U>Schedule&nbsp;III</U> hereto, none of such Inventory has been consigned,
or, without the Collateral Agent&#146;s prior written consent, will be consigned to any Person, except
in conformity with subsection (c)&nbsp;below.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Consignments of Inventory</U>. If and to the extent that such Grantor consigns any
Inventory hereafter, unless the Collateral Agent agrees otherwise, such Grantor shall comply in all
material respects with Article&nbsp;2 and Article&nbsp;9 of the UCC in regard thereto (including the
correlative filing provisions of Section&nbsp;9-505), and shall, subject to holders of any Permitted
Liens, assign all such financing statements to the Collateral Agent.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Maintenance of Equipment</U>. Such Grantor will at all times maintain and preserve
the Equipment in use or useful in the conduct of its business and keep the same in good repair,
working order and condition (taking into account ordinary wear and tear) and from time to time
make, or cause to be made, all needful and proper repairs, renewals and replacements, betterments
and improvements thereto consistent with industry practice so that the business carried on in
connection therewith may be properly and advantageously conducted at all times.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 11

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>Covenants Regarding Patent and Trademark Collateral</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;Such Grantor shall notify the Collateral Agent promptly if it knows or has reason to know
that any Patent or any registration relating to any Trademark, in each case which is material to
the conduct of such Grantor&#146;s business, may become abandoned, cancelled or declared invalid, or if
any such Trademark or the invention disclosed in any such Patent is dedicated to the public domain,
or of any adverse determination or development in any proceeding in the United States Patent and
Trademark Office, in analogous offices or agencies in other countries or in any court regarding
Grantor&#146;s ownership of any Patent or Trademark which is material to the conduct of such Grantor&#146;s
business, its right to register the same, or to keep and maintain the same.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;If such Grantor, either itself or through any agent, employee, licensee or designee,
applies for a Patent or files an application for the registration of any Trademark with the United
States Patent and Trademark Office or any analogous office or agency in any other country or any
political subdivision thereof or otherwise obtains rights in any Patent or Trademark, such Grantor
will promptly inform the Collateral Agent, and, upon request of the Collateral Agent, execute and
deliver any and all agreements, instruments, documents, and papers as the Collateral Agent may
reasonably request to evidence the Collateral Agent&#146;s security interest in such Patent or Trademark
and the General Intangibles, including, without limitation, in the case of Trademarks, the goodwill
of such Grantor, relating thereto or represented thereby; <U>provided</U> that such Grantor shall
have no such duty where such Grantor&#146;s Patent or Trademark rights in its application would be
jeopardized by such action, including, but not limited to, the assignment of an &#147;intent-to-use&#148;
Trademark application filed under 15 U.S.C. &#167; 1051(b).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;Such Grantor, consistent with the reasonable conduct and protection of its Business,
will take all reasonable actions to prosecute vigorously each application and to attempt to obtain
the broadest Patent or registration of a Trademark therefrom and to maintain each Patent and
Trademark registration which is material to the conduct of such Grantor&#146;s business, including,
without limitation, with respect to Patents, payments of required maintenance fees, and, with
respect to Trademarks, filing of applications for renewal, affidavits of use and affidavits of
incontestability. In the event that such Grantor fails to take any of such actions, the Collateral
Agent may do so in such Grantor&#146;s name or in the Collateral Agent&#146;s name and all reasonable
expenses incurred by the Collateral Agent in connection therewith shall be paid by such Grantor in
accordance with Section&nbsp;9 hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;Such Grantor shall use its reasonable efforts to detect infringers of the Patents and
Trademarks which are material to the conduct of such Grantor&#146;s business. In the event that any of
the Patents or Trademarks is infringed, misappropriated or diluted by a third party, Grantor shall
notify the Collateral Agent promptly after it learns thereof and shall, if such Patents or
Trademarks are material to the conduct of such Grantor&#146;s business, promptly take appropriate action
to protect such Patents or Trademarks. In the event that such Grantor fails to take any such
actions the Collateral Agent may do so in such Grantor&#146;s name or the Collateral Agent&#146;s name and
all reasonable expenses incurred by the Collateral Agent in connection therewith shall be paid by
Grantor in accordance with Section&nbsp;9 hereof.
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 12

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <U>Electronic Chattel Paper</U>. To the extent that such Grantor obtains or maintains
any Electronic Chattel Paper, Grantor shall create, store and assign the record or records
comprising the Electronic Chattel Paper in such a manner that (i)&nbsp;a single authoritative copy of
the record or records exists which is unique, identifiable and except as otherwise provided in
clauses (iv), (v)&nbsp;and (vi)&nbsp;below, unalterable, (ii)&nbsp;the authoritative copy identifies the
Collateral Agent as the assignee of the record or records, (iii)&nbsp;the authoritative copy is
communicated to and maintained by the Collateral Agent or its designated custodian, (iv)&nbsp;copies or
revisions that add or change an identified assignee of the authoritative copy can only be made with
the participation of the Collateral Agent, (v)&nbsp;each copy of the authoritative copy and any copy of
a copy is readily identifiable as a copy that is not the authoritative copy and (vi)&nbsp;any revision
of the authoritative copy is readily identifiable as an authorized or unauthorized revision.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <U>Commercial Tort Claims</U>. If such Grantor shall obtain an interest in any
Commercial Tort Claim, then such Grantor shall within five (5)&nbsp;days of obtaining such interest sign
and deliver documentation acceptable to the Collateral Agent granting a security interest to the
Collateral Agent in and to such Commercial Tort Claim under the terms and provisions of this
Security Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <U>Letter of Credit Rights</U>. Such Grantor will maintain all Letter-of-Credit Rights
assigned by it to the Collateral Agent so that the Collateral Agent has control over such
Letter-of-Credit Rights in the manner specified in Section&nbsp;9-107 of the UCC.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <U>Investment Property</U>. Such Grantor will cause the Collateral Agent to have control
over all of its Investment Property in the manner specified in Section&nbsp;9-106 of the UCC.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7. <U>Reporting and Record Keeping</U>. Each Grantor covenants and agrees with the
Collateral Agent that from and after the date of this Security Agreement and until the Secured
Obligations (including all Letter of Credit Obligations) are fully satisfied, all Letters of Credit
have terminated or expired, all obligations of the Issuing Bank and the Lenders in respect of
Letters of Credit have terminated or expired and the Commitments shall have been terminated or
expired:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Maintenance of Records Generally</U>. Such Grantor will keep and maintain at its own
cost and expense satisfactory and complete records of the Collateral, including, without
limitation, a record of all payments received and all credits granted with respect to the
Collateral and all other dealings with the Collateral. Such Grantor will mark its books and
records pertaining to the Collateral to evidence this Security Agreement and the security interests
granted hereby. All Chattel Paper will be marked with the following legend: &#147;This writing and the
obligations evidenced or secured hereby are subject to the security interest of Calyon New York
Branch, as Collateral Agent.&#148; If requested by the Collateral Agent, the security interest of the
Collateral Agent shall be noted on the certificate of title of each vehicle. For the Collateral
Agent&#146;s further security, such Grantor agrees that the Collateral Agent shall have a special
property interest in all of such Grantor&#146;s books and records pertaining to the Collateral and, upon
the continuation of any Default or Event of Default, such Grantor
shall deliver and turn over
copies of any such books and records to the Collateral Agent or to its representatives at any
time on demand of the Collateral Agent.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 13

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Special Provisions Regarding Maintenance of Records</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;Such Grantor shall deliver to the Collateral Agent such reports and schedules with respect
to the Accounts as shall be required by the Credit Agreement, and upon the request of the
Collateral Agent, invoice registers and copies (or originals to the extent necessary or advisable
for the Collateral Agent to collect on Accounts after the occurrence and during the continuation of
an Event of Default), of all invoices, shipping receipts, orders and other documents relating to
the creation of the Accounts listed on such certificates, reports and schedules. Such Grantor
shall keep complete and accurate records of its Accounts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;Such Grantor shall keep correct and accurate records, itemizing and describing the kind,
type, location and quantity of Inventory, and the withdrawals therefrom and additions thereto, and
shall provide to the Collateral Agent such reports and schedules with respect to the Inventory as
shall be required by the Credit Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;Such Grantor shall maintain accurate, itemized records itemizing and describing the
kind, type, quantity and value of its Equipment and shall furnish the Collateral Agent with a
current schedule containing the foregoing information if requested by the Collateral Agent (but,
unless an Event of Default then exists, such reports may be requested not more frequently than
annually).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Further Identification of Collateral</U>. Such Grantor will, if so requested by the
Collateral Agent, furnish to the Collateral Agent, as often as the Collateral Agent reasonably
requests, statements and schedules further identifying and describing the Collateral and such other
reports in connection with the Collateral as the Collateral Agent may reasonably request, all in
reasonable detail.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Notices</U>. In addition to the notices required by Section 7(b) hereof, such Grantor
will advise the Collateral Agent promptly, in reasonable detail, (i)&nbsp;of any lien, security
interest, encumbrance or claim (other than Permitted Liens) made or asserted against any of the
Collateral, (ii)&nbsp;of any change in the composition of the Collateral occurring outside the ordinary
course of business, and (iii)&nbsp;of the occurrence of any other event which has a Material Adverse
Effect with respect to the Collateral.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8. <U>The Collateral Agent&#146;s Appointment as Attorney-in-Fact</U>. (a)&nbsp;Each Grantor
hereby irrevocably constitutes and appoints the Collateral Agent and any officer or agent thereof,
with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable
power and authority in the place and stead of such Grantor and in the name of such Grantor or in
its own name, from time to time in the Collateral Agent&#146;s reasonable discretion, for the purpose of
carrying out the terms of this Security Agreement, to take any and all appropriate action and to
execute and deliver any and all documents and instruments which may be necessary or desirable to
accomplish the purposes of this Security Agreement and, without limiting the generality of the
foregoing, hereby gives the Collateral Agent the power and right, on behalf of such Grantor,
without notice to or assent by such Grantor to do the following:
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 14

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;to ask, demand, collect, receive and give acquittances and receipts for any and all moneys
due and to become due under any Collateral and, in the name of such Grantor or its own name or
otherwise, to take possession of and endorse and collect any checks, drafts, notes, acceptances or
other Instruments for the payment of moneys due under any Collateral and to file any claim or to
take any other action or proceeding in any court of law or equity or otherwise deemed appropriate
by the Collateral Agent for the purpose of collecting any and all such moneys due under any
Collateral whenever payable and to file any claim or to take any other action or proceeding in any
court of law or equity or otherwise deemed appropriate by the Collateral Agent for the purpose of
collecting any and all such moneys due under any Collateral whenever payable;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;to pay or discharge taxes, liens, security interests or other Liens levied or placed on
or threatened against the Collateral (other than Permitted Liens), to effect any repairs or any
insurance called for by the terms of this Security Agreement and to pay all or any part of the
premiums therefor and the costs thereof; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;(A)&nbsp;to direct any party liable for any payment under any of the Collateral to make
payment of any and all moneys due, and to become due thereunder, directly to the Collateral Agent
or as the Collateral Agent shall direct; (B)&nbsp;to receive payment of and receipt for any and all
moneys, claims and other amounts due, and to become due at any time, in respect of or arising out
of any Collateral; (C)&nbsp;to sign and endorse any invoices, freight or express bills, bills of lading,
storage or warehouse receipts, drafts against debtors, assignments, verifications and notices in
connection with accounts and other Documents constituting or relating to the Collateral; (D)&nbsp;to
commence and prosecute any suits, actions or proceedings at law or in equity in any court of
competent jurisdiction to collect the Collateral or any part thereof and to enforce any other right
in respect of any Collateral; (E)&nbsp;to defend any suit, action or proceeding brought against such
Grantor with respect to any Collateral; (F)&nbsp;to settle, compromise or adjust any suit, action or
proceeding described above and, in connection therewith, to give such discharges or releases as the
Collateral Agent may deem appropriate; (G)&nbsp;to license or, to the extent permitted by an applicable
license, sublicense, whether general, special or otherwise, and whether on an exclusive or
non-exclusive basis, any patent or trademark, throughout the world for such term or terms, on such
conditions, and in such manner, as the Collateral Agent shall in its sole discretion determine; and
(H)&nbsp;generally to sell, transfer, pledge, make any agreement with respect to or otherwise deal with
any of the Collateral as fully and completely as though the Collateral Agent were the absolute
owner thereof for all purposes, and to do, at the Collateral Agent&#146;s option and such Grantor&#146;s
expense, at any time, or from time to time, all acts and things which the Collateral Agent
reasonably deems necessary to protect, preserve or realize upon the Collateral and the Collateral
Agent&#146;s Lien therein, in order to effect the intent of this Security Agreement, all as fully and
effectively as such Grantor might do.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Collateral Agent agrees that, except upon the occurrence and during the continuation
of an Event of Default, it will not exercise the power of attorney or any rights granted to the
Collateral Agent pursuant to this Section&nbsp;8 except for the rights granted under clause (ii)&nbsp;of
paragraph (a)&nbsp;above. Each Grantor hereby ratifies, to the extent permitted by law, all that said
attorneys shall lawfully do or cause to be done by virtue hereof. THE POWER OF ATTORNEY GRANTED
PURSUANT TO THIS SECTION&nbsp;8 IS A POWER COUPLED WITH AN INTEREST AND SHALL BE IRREVOCABLE.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 15

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The powers conferred on the Collateral Agent hereunder are solely to protect the
Collateral Agent&#146;s interests in the Collateral and shall not impose any duty upon it to exercise
any such powers. The Collateral Agent shall be accountable only for amounts that it actually
receives as a result of the exercise of such powers and neither it nor any of its affiliates,
officers, directors, employees or agents shall be responsible to any Grantor for any act or failure
to act, except for its own gross negligence or willful misconduct.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Each Grantor also authorizes the Collateral Agent, at any time and from time to time upon
the occurrence and during the continuation of any Event of Default, (i)&nbsp;to communicate in its own
name with any party to any Contract with regard to the assignment of the right, title and interest
of such Grantor in and under the Contracts hereunder and other matters relating thereto and (ii)&nbsp;to
execute, in connection with the sale provided for in Section&nbsp;10 hereof, any endorsements,
assignments or other instruments of conveyance or transfer with respect to the Collateral.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9. <U>Performance by the Collateral Agent of Grantor&#146;s Obligations</U>. If any
Grantor fails to perform or comply with any of its agreements contained herein and the Collateral
Agent, as provided for by the terms of this Security Agreement, shall itself perform or comply, or
otherwise cause performance or compliance, with such agreement, the reasonable expenses of the
Collateral Agent incurred in connection with such performance or compliance, together with interest
thereon at the rate then in effect in respect of Base Rate Advances, shall be payable by each
Grantor to the Collateral Agent on demand and shall constitute Secured Obligations secured hereby.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10. <U>Remedies and Rights Upon Default</U>. (a)&nbsp;&nbsp;If an Event of Default shall occur
and be continuing, the Collateral Agent may exercise in addition to all other rights and remedies
granted to it in this Security Agreement and in any other instrument or agreement securing,
evidencing or relating to the Secured Obligations, all rights and remedies of a secured party under
the UCC. Without limiting the generality of the foregoing, each Grantor expressly agrees that in
any such event the Collateral Agent, without demand of performance or other demand, advertisement
or notice of any kind (except the notice specified below of time and place of public or private
sale) to or upon such Grantor or any other person (all and each of which demands, advertisements
and/or notices are hereby expressly waived to the maximum extent permitted by the UCC and other
applicable law), may forthwith collect, receive, appropriate and realize upon the Collateral, or
any part thereof, and/or may forthwith sell, lease, assign, give an option or options to purchase,
or sell or otherwise dispose of and deliver said Collateral (or contract to do so), or any part
thereof, in one or more parcels at public or private sale or sales, at any exchange or broker&#146;s
board or at any of the Collateral Agent&#146;s offices or elsewhere at such prices as it may deem best,
for cash or on credit or for future delivery without assumption of any credit risk. The Collateral
Agent shall have the right upon any such public sale or sales, and, to the extent permitted by law,
upon any such private sale or sales, to purchase the whole or any part of said Collateral so sold,
free of any right or equity of redemption, which equity of redemption each Grantor hereby releases.
Each Grantor further agrees, at the Collateral Agent&#146;s request, to assemble the Collateral and
make it available to the Collateral Agent at places which the Collateral Agent shall reasonably
select, whether at such Grantor&#146;s premises or elsewhere. The Collateral Agent shall have no
obligation to clean-up or prepare the Collateral for sale. The Collateral Agent shall apply the
net proceeds of any such collection, recovery, receipt,
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 16

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">appropriation, realization or sale, as provided in Section&nbsp;7.06 of the Credit Agreement. Each
Grantor shall remain liable for any deficiency remaining unpaid after such application, and only
after so paying over such net proceeds and after the payment by the Collateral Agent of any other
amount required by any provision of law, including Sections&nbsp;9-610 and 9-615 of the UCC, need the
Collateral Agent account for the surplus, if any, to any Grantor. To the maximum extent permitted
by applicable law, Grantor waives all claims, damages, and demands against the Collateral Agent
arising out of the repossession, retention or sale of the Collateral except such as arise out of
the gross negligence or willful misconduct of the Collateral Agent. Each Grantor agrees that the
Collateral Agent need not give more than ten (10)&nbsp;days&#146; notice (which notification shall be deemed
given when mailed or delivered on an overnight basis, postage prepaid, addressed to such Grantor at
its address for notices referred to in Section&nbsp;14 hereof) of the time and place of any public sale
or of the time after which a private sale may take place and that such notice is reasonable
notification of such matters. The Collateral Agent shall not be obligated to make any sale of
Collateral regardless of notice of sale having been given. The Collateral Agent may adjourn any
public or private sale from time to time by announcement at the time and place fixed therefor, and
any such sale may, without further notice, be made at the time and place to which it was adjourned.
Each Grantor agrees that it would not be commercially unreasonable for the Collateral Agent to
dispose of the Collateral or any portion thereof by using Internet sites that provide for the
auction of assets of the types included in the Collateral or that have the reasonable capability of
doing so, or that match buyers and sellers of assets.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Each Grantor also agrees to pay all reasonable costs of the Collateral Agent, including,
without limitation, attorneys&#146; fees, incurred in connection with the enforcement of any of its
rights and remedies hereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Each Grantor hereby waives presentment, demand, protest or any notice (to the maximum
extent permitted by applicable law) of any kind in connection with this Security Agreement or any
Collateral, except for any notices which are expressly required to be given under the Credit
Agreement or hereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The Collateral Agent may sell the Collateral without giving any warranties as to the
Collateral. The Collateral Agent may disclaim or modify any warranties of title or the like. This
procedure will not be considered to adversely affect the commercial reasonableness of any sale of
the Collateral.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;The Collateral Agent and its agents may enter upon and occupy any real property owned or
leased by any Grantor in order to exercise any of the Collateral Agent&#146;s rights and remedies under
this Agreement, without any obligation to such Grantor in respect of such entry or occupation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;The Collateral Agent may comply with any applicable Requirement of Law in connection with
a disposition of the Collateral or any part thereof and such compliance will not be considered
adversely to affect any sale of the Collateral or any part thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;The Collateral Agent shall have no duty to marshal any of the Collateral.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 17

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;If the Collateral Agent sells any of the Collateral on credit, the Grantor will be
credited only with cash payments actually made by the purchaser and received by the Collateral
Agent and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay
for the Collateral, the Collateral Agent may resell the Collateral and the Grantor shall be
credited with the proceeds of sale.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other
disposition of Collateral are insufficient to pay in full the Secured Obligations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;11. <U>Grant of License to Use Patent and Trademark Collateral</U>. For the purpose
of enabling the Collateral Agent to exercise rights and remedies under Section&nbsp;10 hereof at such
time as the Collateral Agent, without regard to this Section&nbsp;11, shall be lawfully entitled to
exercise such rights and remedies, each Grantor hereby grants to the Collateral Agent an
irrevocable, non-exclusive license (exercisable without payment of royalty or other compensation to
such Grantor) to use, license or sublicense any Patent or Trademark, now owned or hereafter
acquired by such Grantor, and wherever the same may be located, and including, without limitation,
in such license reasonable access to all media in which any of the licensed items may be recorded
or stored and to all computer and automatic machinery software and programs used for the
compilation or printout thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;12. <U>Limitation on the Collateral Agent&#146;s Duty in Respect of Collateral</U>. The
Collateral Agent shall not have any duty as to any Collateral in its possession or control or in
the possession or control of any agent or nominee of it or any income thereon or as to the
preservation of rights against prior parties or any other rights pertaining thereto, except that
the Collateral Agent shall use reasonable care with respect to the Collateral in its possession or
under its control. The Collateral Agent shall account to each Grantor for any moneys received by
it in respect of any foreclosure on or disposition of the Collateral.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;13. <U>Term of Agreement; Reinstatement</U>. This Agreement and the security
interests granted hereunder shall remain in full force and effect until the Secured Obligations
(including all Letter of Credit Obligations) are fully satisfied, all Letters of Credit have
terminated or expired, all obligations of the Issuing Bank and the Lenders in respect of Letters of
Credit have terminated or expired and the Commitments have terminated or expired (except for any
Obligations designated under the Credit Agreement as surviving the payment of all other Obligations
or any termination of the Credit Agreement). Further, this Agreement shall remain in full force
and effect and continue to be effective should any petition be filed by or against any Grantor for
liquidation or reorganization, should any Grantor become insolvent or make an assignment for the
benefit of creditors or should a receiver or trustee be appointed for all or any significant part
of any Grantor&#146;s assets, and shall continue to be effective or be reinstated, as the case may be,
if at any time payment and performance of the Secured Obligations, or any part thereof, is,
pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or
returned by any obligee of the Secured Obligations, whether as a &#147;voidable preference,&#148; &#147;fraudulent
conveyance,&#148; or otherwise, all as though such payment or performance had not been made. In the
event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the
Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so
rescinded, reduced, restored or returned.
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 18

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;14. <U>Notices</U>. Except as otherwise provided herein, whenever it is provided
herein that any notice, demand, request, consent, approval, declaration or other communication
shall or may be given to or served upon any of the parties by any other party, or whenever any of
the parties desires to give or serve upon any other party any other communication with respect to
this Security Agreement, each such notice, demand, request, consent, approval, declaration or other
communication shall be in writing and shall be delivered in the manner and to the addresses set
forth in Section&nbsp;10.02 of the Credit Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;15. <U>Severability</U>. Any provision of this Security Agreement which is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to
the extent of such prohibition or unenforceability without invalidating the remaining provisions
hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;16. <U>No Waiver; Cumulative Remedies</U>. The Collateral Agent shall not by any
act, delay, omission or otherwise be deemed to have waived any of its rights or remedies hereunder,
and no waiver shall be valid unless in writing, signed by the Collateral Agent, and then only to
the extent therein set forth. A waiver by the Collateral Agent of any right or remedy hereunder on
any one occasion shall not, unless and except to the extent (if any) otherwise expressly provided
therein, be construed as a bar to any right or remedy which the Collateral Agent would otherwise
have had on any future occasion. No failure to exercise nor any delay in exercising on the part of
the Collateral Agent, any right, power or privilege hereunder, shall operate as a waiver thereof,
nor shall any single or partial exercise of any right, power or privilege hereunder preclude any
other or future exercise thereof or the exercise of any other right, power or privilege. The
rights and remedies hereunder provided are cumulative and may be exercised singly or concurrently,
and are not exclusive of any rights and remedies provided by law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;17. <U>Successor and Assigns; Governing Law</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;This Security Agreement and all obligations of each Grantor hereunder shall be binding
upon the successors and assigns of each Grantor, and shall, together with the rights and remedies
of the Collateral Agent hereunder, inure to the benefit of the Collateral Agent, the Secured
Parties and their respective successors and assigns; <u>provided</u>, <u>however</u>, that none of the Grantors
may assign or delegate any of their rights or obligations under this Security Agreement without the
prior written consent of the Collateral Agent. No sales of participations, other sales,
assignments, transfers or other dispositions of any agreement governing or instrument evidencing
the Secured Obligations or any portion thereof or interest therein shall in any manner affect the
security interest granted to the Collateral Agent hereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;THIS SECURITY AGREEMENT SHALL BE GOVERNED BY, AND BE CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, EXCEPT AS OTHERWISE SET FORTH IN THE DEFINITION
OF &#147;UCC&#148; CONTAINED HEREIN.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 19

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;18. <U>Use and Protection of Patent and Trademark Collateral</U>. Notwithstanding
anything to the contrary contained herein, unless an Event of Default has occurred and is
continuing, the Collateral Agent shall from time to time execute and deliver, upon the written
request of any Grantor, any and all instruments, certificates or other documents, in the form so
requested, necessary or appropriate in the judgment of Grantor to permit Grantor to continue to
exploit, license, use, enjoy and protect the Patents and Trademarks.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;19. <U>Further Indemnification</U>. EACH GRANTOR AGREES TO PAY, AND TO SAVE THE
COLLATERAL AGENT HARMLESS FROM, ANY AND ALL LIABILITIES WITH RESPECT TO, OR RESULTING FROM ANY
DELAY IN PAYING, ANY AND ALL EXCISE, SALES OR OTHER SIMILAR TAXES WHICH MAY BE PAYABLE OR
DETERMINED TO BE PAYABLE WITH RESPECT TO ANY OF THE COLLATERAL OR IN CONNECTION WITH ANY OF THE
TRANSACTIONS CONTEMPLATED BY THIS SECURITY AGREEMENT.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;20. <U>Subagents</U>. Anything contained herein to the contrary notwithstanding, the
Collateral Agent may from time to time, when the Collateral Agent deems it to be necessary, appoint
one or more subagents (each a &#147;<U>Subagent</U>&#148;) for the Collateral Agent hereunder with respect
to all or any part of the Collateral. In the event that the Collateral Agent so appoints any
Subagent with respect to any Collateral, (a)&nbsp;the assignment and pledge of such Collateral and the
security interest granted in such Collateral by each Grantor hereunder shall be deemed for purposes
of this Agreement to have been made to such Subagent, in addition to the Collateral Agent, for the
benefit of the Collateral Agent and the Secured Parties, as security for the Secured Obligations,
(b)&nbsp;such Subagent shall automatically be vested, in addition to the Collateral Agent, with all
rights, powers, privileges, interests and remedies of the Collateral Agent hereunder with respect
to such Collateral, and (c)&nbsp;the term &#147;Agent,&#148; when used herein in relation to any rights, powers,
privileges, interests and remedies of the Collateral Agent with respect to such Collateral, shall
include such Subagent; <U>provided</U>, <U>however</U>, that no such Subagent shall be authorized
to take any action with respect to any such Collateral unless and except to the extend expressly
authorized in writing by the Collateral Agent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;21. <U>Amendments, Etc</U>. No amendment or waiver of any provision of this Security
Agreement nor consent to any departure by any Grantor herefrom shall be effective unless made in
writing and authenticated by the Borrower, each Grantor affected thereby and the Collateral Agent.
In addition, no such amendment or waiver shall be effective unless given or entered into with the
necessary approvals of either the Majority Lenders or all Lenders as required under the terms of
the Credit Agreement. Any such waiver or consent, whether by the Collateral Agent or the
Collateral Agent and the Lenders shall be effective only in the specific instance and for the
specific purpose for which given.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;22. <U><B>Integration</B></U><B>. THIS WRITTEN AGREEMENT AND THE OTHER LOAN DOCUMENTS
REPRESENT THE FINAL AGREEMENT OF THE GRANTORS AND THE COLLATERAL AGENT WITH RESPECT TO THE SUBJECT
MATTER HEREOF, AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL
AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.</B>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">&#091;Signature Pages Follow&#093;

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;I
&#150; Page 20

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, each Grantor has caused this Security Agreement to be executed and
delivered by its duly authorized officers on the date first set forth above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%"><U>GRANTORS</U>:

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 50%">WILLBROS USA, INC.<BR>
WILLBROS GROUP, INC.<BR>
WILLBROS ENGINEERS, INC.<BR>
WILLBROS GOVERNMENT SERVICES, INC.<BR>
WILLBROS RPI, INC.<BR>
WILLBROS PROJECT SERVICES, INC.<BR>
WILLBROS INTERNATIONAL, INC.<BR>
WILLBROS MIDDLE EAST, INC.<BR>
INTERNATIONAL PIPELINE EQUIPMENT,
INC.

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
&nbsp;&nbsp;&nbsp;&nbsp;Gay Stanley Mayeux
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;Authorized Representative</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Signature Page to Security Agreement

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><U>COLLATERAL AGENT</U>:</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">CALYON NEW YORK BRANCH,<BR>
as Collateral Agent</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Signature Page to Security Agreement

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SCHEDULE I<BR>
TO<BR>
SECURITY AGREEMENT
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>Filings</B></U>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="44%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="44%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Entity</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Location of Filing</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros USA, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delaware Secretary of State</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Group, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DC Recorder of Deeds</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Engineers, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delaware Secretary of State</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Government Services, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delaware Secretary of State</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros RPI, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delaware Secretary of State</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">6.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Project Services, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delaware Secretary of State</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">7.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros International, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DC Recorder of Deeds</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">8.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Middle East, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DC Recorder of Deeds</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">9.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">International Pipeline Equipment, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DC Recorder of Deeds</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SCHEDULE II<BR>
TO<BR>
SECURITY AGREEMENT
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>Organizational Jurisdiction</B></U>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="44%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="44%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Entity</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Jurisdiction of Organization</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros USA, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delaware</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Group, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Panama</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Engineers, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delaware</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Government Services, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delaware</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros RPI, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delaware</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">6.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Project Services, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Delaware</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">7.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros International, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Panama</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">8.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Willbros Middle East, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Panama</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">9.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">International Pipeline Equipment, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Panama</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SCHEDULE III<BR>
TO<BR>
SECURITY AGREEMENT
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>Collateral Locations</B></U>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">GRANTOR:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">LOCATION:</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros USA, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">4400 Post Oak Parkway, Suite&nbsp;1000</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Houston, Texas 77027</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros Group, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Edificio P.H. Plaza 2000 Calle 50</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros International, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apartado 0816-01098</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros Middle East, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Panama, Republic of Panama</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">International Pipeline Equipment, Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros Engineers, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2087 East 71st Street</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros Government Services, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tulsa, Oklahoma 74136</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Willbros Project Services, Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SCHEDULE 2(d)<BR>
TO<BR>
SECURITY AGREEMENT
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>Commercial Tort Claims</B></U>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">None.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
