Citi Investment Banking Pitch Book

Key Considerations Regarding Existing Indebtedness 26 Charlie Credit Facility ◆ Maximum leverage ratio of 5:1 (Company and Restricted Subsidiaries) ◆ Minimum interest coverage of 2:1 ◆ Margin percentage increased by 12.5 bps if aggregate of outstanding Loans and LC Exposure exceed 50% of aggregate Commitments ◆ Leverage Ratio based on LQA EBITDA Senior Notes ◆ Change of control allowed subject to i. Survivor being a corporation organized and existing in any US state of DC and ii. No event of default occurs ◆ Reporting requirement continue based on rules and regulations from SC Finance Entirely at Papa Credit Facility ◆ Maximum leverage ratio of 5:1 (Company and Restricted Subsidiaries) DRAFT 29-Jun-04 ◆ Minimum interest coverage of 2:1 ◆ Margin percentage increased by 12.5 bps if aggregate of outstanding Loans and LC Exposure exceed 50% of aggregate Commitments ◆ Leverage Ratio based on LTM EBITDA ◆ An Investment in any Unrestricted Subsidiary is prohibited if, after giving effect thereto, the Leverage Ratio on a pro forma basic would have exceeded 4.5:1 Private Placements ◆ [To come] citigroup]

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