NOTE AND REVOLVING LOAN AGREEMENT THIS NOTE AND REVOLVING LOAN AGREEMENT ("Agreement"), is dated as of January 5, 2004,

is entered into et!een THOMAS WEISEL PARTNERS GROUP LLC, a De"a!are "imited "ia i"it# $om%an# as f&rt'er defined e"o! ('ereinafter $a""ed "(orro!er"), !'ose %rin$i%a" %"a$e of &siness is at t'e address set fort' in Se$tion )*+ 'erein e"o!, and FIRST REPU LIC AN! as f&rt'er defined e"o!* FOR VALUE RECEIVED, (orro!er %romises to %a# to t'e order of ,IRST RE-.(LI/ (AN0 at its offi$e at )1) -ine Street, San ,ran$is$o, /a"ifornia, or at s&$' ot'er %"a$e as t'e 'o"der 'ereof ma# designate, in "a!f&" mone# of t'e .nited States of Ameri$a, t'e %rin$i%a" s&m of TEN MILLION DOLLARS "#$0,000,000%00& or so m&$' t'ereof as ma# e ad2an$ed and e o&tstanding, !it' interest t'ereon* Ad2an$es s'a"" e made as %ro2ided in Se$tion 3*) and 3*3 e"o!* Interest s'a"" a$$r&e as %ro2ided in Se$tion 3*4 e"o!* -a#ments s'a"" e d&e and %a#a "e as %ro2ided in Se$tion 3*5 e"o!* Se$tion 3 a"so $ontains ot'er terms and $onditions of t'is Note* IN ADDITION THE -ARTIES HERETO AGREE AS ,OLLO6S7 )* DEFINITIONS* As &sed in t'is Agreement, t'e fo""o!ing terms s'a"" 'a2e t'e fo""o!ing definitions7 )*) A$$o&nting Terms* A"" a$$o&nting terms and $om%&tations s'a"" e ased &%on genera""# a$$e%ted a$$o&nting %rin$i%"es $onsistent"# a%%"ied* )*3 Agreement* T'e term "t'is Agreement" means t'is Note and Re2o"2ing Loan Agreement, an# $on$&rrent or s& se8&ent rider to t'is Note and Re2o"2ing Loan Agreement and an# e9tensions, s&%%"ements, amendments or modifi$ations to t'is Note and Re2o"2ing Loan Agreement and:or to an# s&$' rider* )*4 A%%ro2ed Master Agreement /ontra$t -arties* T'e term "A%%ro2ed Master Agreement /ontra$t -arties" s'a"" mean an# Master Agreement /ontra$t -art# !'i$' 'as een and remains a%%ro2ed # (an; in !riting* ,or %&r%oses of t'is Agreement, (an; to t'is date 'as a%%ro2ed t'e fo""o!ing entities as Master Agreement /ontra$t -arties7 (an$ of Ameri$a Se$&rities< (ear, Stearns = /o. In$*< /redit S&isse ,irst (oston< De&ts$'e (an$ A"e9 (ro!n< Dona"dson, L&f;in = >enrette< Go"dman Sa$'s< /'ase Ham re$'t = ?&ist< Le'man (rot'ers< Merri"" L#n$' = /o*< Morgan Stan"e#< Sa"omon Smit' (arne#< and Ste%'ens, In$* (an; s'a"" 'a2e t'e rig't to a%%ro2e an# additiona" %arties as an A%%ro2ed Master Agreement /ontra$t -arties< said a%%ro2a" s'a"" not e &nreasona "# !it''e"d* (an; s'a"" 'a2e t'e rig't to de"ete its an# %art# as an A%%ro2ed Master Agreement /ontra$t -arties< said de"etion s'a"" e ased &%on (an;@s reasona "e de$ision*

)*5 (an;* T'e term "(an;" s'a"" mean and refer to ,IRST RE-.(LI/ (AN0, a Ne2ada an;ing $or%oration, !it' a %"a$e of &siness "o$ated at ))) -ine Street, San ,ran$is$o, /A A5)))* )*B (an; E9%enses* T'e term "(an; E9%enses" means7 a"" reasona "e $osts and e9%enses in$&rred # (an; in $onne$tion !it' t'is Agreement or an# do$&ment e9e$&ted in $onne$tion !it' t'is Agreement or t'e transa$tions $ontem%"ated 'ere #, in$"&ding, !it'o&t "imitation, (i) a"" $osts or e9%enses re8&ired to e %aid # (orro!er &nder t'is Agreement !'i$' are %aid or ad2an$ed # (an;< (ii) a"" $osts or e9%enses re8&ired to e %aid # (orro!er &nder t'e Se$&rit# Agreement !'i$' are %aid or ad2an$ed # (an;< (iii) a"" $osts or e9%enses re8&ired to e %aid # (ro;erCDea"er &nder t'e (ro;erCDea"er Se$&rit# Agreement !'i$' are %aid or ad2an$ed # (an;< (i2) ta9es of e2er# nat&re and ;ind of (orro!er or (ro;erCDea"er %aid # (an;< (2) reasona "e fi"ing, %& "i$ation, sear$' fees, a&ditor fees %aid or in$&rred # (an; in $onne$tion !it' (an;@s transa$tions in $onne$tion !it' an# Loan Do$&ment< (2i) a"" reasona "e $osts and e9%enses in$&rred # (an; in $o""e$ting or rea"iDing &%on t'e /o""atera" (!it' or !it'o&t s&it), to $orre$t an# defa&"t or enfor$e an# %ro2ision of t'is Agreement, $osts and e9%enses of s&it in$&rred # (an; in enfor$ing or defending t'is Agreement or an# %ortion 'ereof, $osts and e9%enses in$&rred to enfor$e (an;@s Enfor$ement rig'ts< and (2ii) a"" reasona "e attorne#s@ fees and e9%enses in$&rred # (an; as set fort' in Se$tion ))*B e"o! in $onne$tion !it' t'is Agreement, !it' an# ot'er Loan Do$&ment, or !it' t'e -&r$'ase Agreement* )*+ (an;@s Enfor$ement Rig'ts* T'e term (an;@s Enfor$ement Rig'ts sti"" 'a2e t'e meaning set fort' in Se$tion A*5 e"o!* )*E (orro!er* T'e term "(orro!er" s'a"" mean and refer to t'e THOMAS 6EISEL -ARTNERS GRO.- LL/, !'ose address is One Montgomer# Street, S&ite 4E11, San ,ran$is$o, /a"ifornia A5)15* )*F (orro!er@s (oo;s* T'e term "(orro!er@s (oo;s" means a"" of (orro!er@s and (ro;erC Dea"er@s min&te oo;s< "edgers< oo;s and re$ords indi$ating, s&mmariDing or e2iden$ing (orro!er@s and (ro;erCDea"er@s assets, "ia i"ities, t'e /o""atera", t'e O "igations, and a"" information re"ating t'ereto< and a"" $om%&ter %rograms, dis$ or ta%e fi"es, %rinto&ts, r&ns, and ot'er $om%&ter %re%ared information and t'e e8&i%ment $ontaining s&$' information* )*A (ro;erCDea"er* T'e term "(ro;erCDea"er" s'a"" mean and refer to T'omas 6eise" -artners LL/ !'ose address is One Montgomer# Street, S&ite 4E11, San ,ran$is$o, /a"ifornia A5)15* )*)1 (ro;erCDea"er Se$&rit# Agreement* T'e term (ro;er Dea"er Se$&rit# Agreements s'a"" mean and refer to t'at $ertain Se$&rit# Agreement of e2en date 'ere!it' to e e9e$&ted # (ro;erCDea"er to se$&re t'e o "igation &nder t'is Agreement !'i$' is referred to in Se$tion 4*) e"o!*

)*)) /ode* T'e term "t'e /ode" means t'e /a"ifornia .niform /ommer$ia" /ode, as %resent"# in for$e and effe$t and an# re%"a$ements t'erefore as and !'en s&$' re%"a$ements e$ome effe$ti2e< an# and a"" terms &sed in t'is Agreement !'i$' are defined in t'e /ode and not s%e$ifi$a""# defined 'erein s'a"" e $onstr&ed and defined in a$$ordan$e !it' t'e meaning and definition as$ri ed to s&$' terms &nder t'e /ode* )*)3 /o""atera"* T'e term "/o""atera"" means and in$"&des7 (i) a"" %resent"# e9isting and 'ereafter arising a$$o&nts (as defined in t'e /ode), a$$o&nts re$ei2a "e, $ontra$t rig'ts and ot'er forms of o "igations o!ing to (ro;erCDea"er arising o&t of t'e rendering of ser2i$es (!'et'er or not earned # %erforman$e) to, and an# $ontra$ts !it', an# Master Agreement /ontra$t -arties in $onne$tion !it' (ro;erCDea"er@s %arti$i%ation as $oC manager in an# &nder!ritten offering (t'e aforementioned assets are referred to $o""e$ti2e"# as t'e "A$$o&nts")* As s&$', A$$o&nts !i"" in$"&de !it'o&t "imitation a"" management fees, sa"es $on$essions and &nder!riting fees o!ed to (ro;erCDea"er and s%e$ified in t'e .nder!riting and /or%orate ,ees Re$ei2a "es S$'ed&"e to e %ro2ided to (an; from time to time %&rs&ant to Se$tion B*) of t'e Se$&rit# Agreement< (ii) a"" %resent and f&t&re "genera" intangi "es" (ro;erCDea"er as defined in t'e /ode t'at are rig'ts to %a#ment t'at arise from an# $ontra$ts !it' an# Master Agreement /ontra$t -arties in $onne$tion !it' (ro;erCDea"er@s %arti$i%ation as $oCmanager in an# &nder!ritten offering and !'i$' are not in$"&ded !it'in t'e definition of "A$$o&nts" (t'e aforementioned assets are referred to $o""e$ti2e"# as t'e "Genera" Intangi "es")< (iii) a"" %resent"# e9isting or 'ereafter arising assets of (ro;erCDea"er a$8&ired # (orro!er %&rs&ant to t'e -&r$'ase Agreement< (i2) t'e -&r$'ase Agreement and rig'ts and %o!ers of (orro!er t'ere&nder< (2) t'e O%erating A$$o&nt< (2i) t'e /o""atera" -ro$eeds A$$o&nt< (2ii) a"" ot'er assets of (orro!er in !'i$' (an; 'ereafter re$ei2es a se$&rit# interest to se$&re t'e o "igations &nder t'is Agreement as e2iden$ed in !riting< (2iii) t'e -ro$eeds of an# of t'e foregoing< and (i9) a"" a$$o&nts o!ed # (an; to (orro!er into !'i$' a"" or an# %ortion of t'e -ro$eeds 'a2e een de%osited*

)*)4 /o""atera" -ro$eeds A$$o&nt* T'e term "/o""atera" -ro$eeds A$$o&nt" s'a"" 'a2e t'e meaning s%e$ified in Se$tion 4*3 e"o!* )*)5 Designated Re%resentati2e* T'e term "Designated Re%resentati2e" s'a"" mean an# one of t'e fo""o!ing %ersons7 t'e /'ief E9e$&ti2e Offi$er of (orro!er, t'e Genera" /o&nse" of (orro!er< t'e /'ief ,inan$ia" Offi$er of (orro!er, or an# %erson designated in !riting # an# of t'e foregoing %ersons as 'a2ing t'e a&t'orit# to re8&est ad2an$es &nder t'is Agreement* S&$' %erson !i"" remain a Designated Re%resentati2e &nti" s&$' time as (an; re$ei2es a$t&a" noti$e t'at s&$' %erson is no "onger a&t'oriDed to re8&est ad2an$es &nder t'is Agreement* )*)B E"igi "e Re$ei2a "es* T'e term "E"igi "e Re$ei2a "es" s'a"" mean t'e aggregate amo&nt of t'e &n%aid %ortion of t'e A$$o&nts (net of a"", if an#, $ommissions, $redits, re ates, 'o"d a$;s and simi"ar adG&stments)7 (a) !'i$' are o!ed as @@Management ,ees and:or as "Se""ing /ommissions"< and ( ) !'i$' are not o!ed as ".nder!riting ,ees"< and ($) !'i$' are not o&tstanding e#ond t'e "D&e Date" s%e$ified in t'e .nder!riting and /or%orate ,inan$e ,ees Re$ei2a "es S$'ed&"es as defined in Se$tion B*) of t'e Se$&rit# Agreement< and (d) !'i$' are not o&tstanding more t'an one '&ndred and t!ent# ()31) da#s from t'e "trade date" of t'e res%e$ti2e &nder!riting< and (e) !'i$' are not o!ed in $onne$tion !it' a transa$tion (ro;erCDea"er 'as in$&rred or !i"" in$&r an &nder!riting "oss in e9$ess of one '&ndred fift# t'o&sand do""ars (H)B1,111)< and (f) !'i$' are o!ed # an# A%%ro2ed Master Agreement /ontra$t -art#< and (g) !'i$' are not o!ed # an# a$$o&nt de tors !'i$' are in2o"2ed in or s& Ge$t to an# Inso"2en$# -ro$eeding or !'i$' 'a2e made an assignment for t'e enefit of $reditors or are not in good standing !it' t'e Se$&rities and E9$'ange /ommission< and (') as to !'i$' t'e a$$o&nt de tor 'as not asserted an# offset, defense, $o&nter$"aim or $'a""enge< and (i) in !'i$' (an; 'as a 2a"id %erfe$ted first %riorit# se$&rit# interest (Ho!e2er, a sent t'e o$$&rren$e of an e2ent of defa&"t 'ere&nder, t'is $ondition s'a"" not a%%"# to t'ose A$$o&nts in !'i$' (an; does not 'a2e a 2a"id %erfe$ted first %riorit# se$&rit# interest so"e"# d&e to (an;@s ina$tion in %erfe$ting its se$&rit# interest in a time"# manner after t'e "ien !as granted to (an;*)< and

(G) to !'i$' (an; does not 'a2e a reasona "e o Ge$tion* (an; s'a"" 'a2e t'e dis$retion to $onsider as an "E"igi "e Re$ei2a "e" t'e &n%aid %ortion of an# ot'er a$$o&nt of (orro!er !'i$' does not meet t'e a o2e $onditions* )*)+ E2ent of Defa&"t* T'e term "E2ent of Defa&"t" s'a"" 'a2e t'e meaning set fort' in Se$tion F of t'is Agreement* )*)E Inso"2en$# -ro$eeding* T'e term "Inso"2en$# -ro$eeding" means an# %ro$eeding $ommen$ed # or against an# %erson or entit#, in$"&ding (orro!er or (ro;erCDea"er &nder an# %ro2ision of t'e federa" (an;r&%t$# /ode, as amended, or &nder an# ot'er an;r&%t$# or inso"2en$# "a!, in$"&ding, &t not "imited to, assignments for t'e enefit of $reditors, forma" or informa" moratori&ms, $om%ositions or e9tensions !it' some or a"" $reditors* )*)F >&di$ia" Offi$er or Assignee* T'e term ">&di$ia" Offi$er or Assignee" means an# tr&stee, re$ei2er, $ontro""er, $&stodian, assignee for t'e enefit of $reditors or an# ot'er %erson or entit# 'a2ing %o!ers or d&ties "i;e or simi"ar to t'e %o!ers and d&ties of a tr&stee, re$ei2er, $ontro""er, or assignee for t'e enefit of $reditors* )*)A Loan Do$&ments* T'e term "Loan Do$&ments" means t'is Agreement, t'e Se$&rit# Agreement t'e (ro;erCDea"er Se$&rit# Agreement and an# ot'er do$&ment e9e$&ted in $onne$tion t'ere!it' and an# amendment, modifi$ation or restatement t'ereof* )*31 Master Agreement /ontra$t -arties* T'e term "Master Agreement /ontra$t -arties" s'a"" mean e2er# %art# !it' !'om (ro;erCDea"er 'as entered into Master Agreement Among .nder!riters or a simi"ar do$&ment (in$"&ding, !it'o&t "imitation, (an$ of Ameri$a Se$&rities< (ear, Stearns = /o* In$*< /redit S&isse ,irst (oston< De&ts$'e (an$ A"e9 (ro!n< Dona"dson, L&f;in = >enrette< Go"dman Sa$'s< /'ase, Ham re$'t = ?&ist< Le'man (rot'ers< Merri"" L#n$' = /o< Morgan Stan"e#< Sa"omon Smit' (arne#< and Ste%'ens, In$*)* )*3) O "igations* T'e term "O "igations" means an# and a"" o "igations, "oans, ad2an$es, o2erdrafts, de ts, "ia i"ities (in$"&ding, !it'o&t "imitation, an# and a"" amo&nts $'arged to (orro!er@s a$$o&nt %&rs&ant to an# agreement a&t'oriDing (an; to $'arge (orro!er@s a$$o&nt), $o2enants, %romises and d&ties o!ing # (orro!er to (an; (of an# ;ind and des$ri%tion) &nder t'is Agreement and # (orro!er or (ro;erCDea"er and an# ot'er Loan Do$&ment, !'et'er dire$t or indire$t, a so"&te or $ontingent, d&e or to e$ome d&e, no! e9isting or 'ereafter arising, and in$"&ding, !it'o&t "imitation, a"" interest not %aid !'en d&e and a"" (an; E9%enses* )*33 O%erating A$$o&nt* T'e term "O%erating A$$o&nt" s'a"" 'a2e t'e meaning %ro2ided in Se$tion 3*3 e"o!* )*34 -ro$eeds* T'e term "-ro$eeds" means !'ate2er is re$ei2ed &%on t'e sa"e, "ease, e9$'ange, $o""e$tion or ot'er dis%osition of /o""atera" or %ro$eeds, in$"&ding, !it'o&t "imitation, %ro$eeds of ins&ran$e $o2ering /o""atera", ta9 ref&nds, and an# and a""

a$$o&nts, notes, instr&ments, $'atte" %a%er, e8&i%ment, mone#, de%osit a$$o&nts, goods, or ot'er tangi "e and intangi "e %ro%ert# of (orro!er res&"ting from t'e sa"e or ot'er dis%osition of t'e /o""atera", and t'e %ro$eeds t'ereof* )*35 -&r$'ase Agreement* T'e term "-&r$'ase Agreement" means t'at $ertain A$$o&nts Re$ei2a "e -&r$'ase Agreement et!een (orro!er and (ro;erCDea"er, in form and s& stan$e atta$'ed 'ereto as E9'i it / dated A&g&st 3B, 3111 'ere!it' as amended and s&%%"emented from time to time* )*3B Se$&rit# Agreement* T'e term "Se$&rit# Agreement" s'a"" mean t'at $ertain Se$&rit# Agreement of e2en date 'ere!it' to e e9e$&ted # (orro!er to se$&re t'e o "igations &nder t'is Agreement* )*3+ Termination Date* T'e term "Termination Date" s'a"" 'a2e t'e meaning set fort' in Se$tion 3*) of t'is Agreement* 3* LOANS AND TERMS O, -AIMENT* 3*) T'e Line of /redit* (a) S& Ge$t to and &%on t'e terms and $onditions of t'is Loan Agreement and so "ong as no E2ent of Defa&"t 'as o$$&rred, (an; !i"" ma;e a re2o"2ing "ine of $redit "oan ("Line of /redit") to (orro!er* S&$' "oan s'a"" not e9$eed t'e "esser of7 (i) fift# %er$ent (B1J) of t'e E"igi "e Re$ei2a "es !'i$' is 'ereafter referred as t'e ",orm&"a Amo&nt," or (ii)T'n M())(*n D*))ar+ "#$0,000,000%00& !'i$' is 'erein referred to as t'e "Ma9im&m Loan Amo&nt*" ( ) T'e Line of /redit is a re2o"2ing $redit, s& Ge$t to t'e terms and $onditions of t'is Agreement, %rin$i%a" ma# e ad2an$ed, re%aid, and reCad2an$ed from timeCtoCtime !it'o&t "imit, e9$e%t t'at7 (i) t'e tota" amo&nt of &n%aid %rin$i%a" o&tstanding &nder t'e Line of /redit at no time s'a"" e9$eed t'e "esser of t'e ,orm&"a Amo&nt or t'e Ma9im&m Loan Amo&nt, (ii) t'e Line of /redit s'a"" e9%ire and no f&rt'er ad2an$es are %ossi "e after May $0, 2005 (t'e "Termination Date"), and (iii) (orro!er s'a"" not e entit"ed to an# f&rt'er ad2an$es as "ong as an E2ent of Defa&"t 'as o$$&rred and is $ontin&ing, 3*3 Ad2an$es .nder Line of /redit* (a) (orro!er ma# o tain ad2an$es of %rin$i%a" &nder t'e Line of /redit ("Ad2an$es") from time to time &%on t'e ora" or !ritten re8&est to (an; of a Designated Re%resentati2e* An# ora" re8&est for an ad2an$e ma# e made on"# if t'e f&nds are dire$ted to (orro!er@s a$$o&nt (!'i$' is $&rrent"# identified as ,irst Re%& "i$ (an; a$$o&nt no* , 'erein referred to as t'e "O%erating A$$o&nt")* No ad2an$es !i"" e made to an# %art# ot'er t'an (orro!er* ( ) (orro!er 'ere # e9%ress"# a&t'oriDes (an; to re"# on t'e re8&est of t'e Designated Re%resentati2e to re8&est Ad2an$es &nder t'e Line of /redit and

(orro!er agrees t'at it, so"e"#, s'a"" ear t'e ris; t'at an# Designated Re%resentati2e re8&esting Ad2an$es is not so a&t'oriDed* ($) A"" s&$' ad2an$es s'a"" e $on$"&si2e"# %res&med to 'a2e een made for t'e enefit of (orro!er !'en (an; e"ie2es in good fait' t'at s&$' re8&ests and dire$tions 'a2e een made # an# Designated Re%resentati2e and !'en said ad2an$es are de%osited to an# an; a$$o&nt of (orro!er as %ro2ided in Se$tion 3*3(a)* (d) Ad2an$es !i"" e made on"# &%on 2erifi$ation t'at t'e ,orm&"a Amo&nt is eing $om%"ied !it'* Ad2an$es s'a"" e made on"# semiCmont'"# on t'e tent' ()1t') &siness da# and t'e "ast &siness da# of t'e mont'* An# re8&est s'a"" e made at "east one ()) &siness da# %rior to t'e re8&ested date of s&$' Ad2an$e, s%e$if#ing t'e amo&nt of t'e re8&ested Ad2an$e* 3*4 Interest* (a) E9$e%t as 'erein e"o! %ro2ided, t'e o&tstanding %rin$i%a" amo&nt of a"" Ad2an$es made %&rs&ant to Se$tion 3*3 of t'is Agreement s'a"" ear interest, 2aria "e from mont' to mont', at a rate of t!o %er$ent (3*1J) %er ann&m in e9$ess of t'e oneCmont' LI(OR rate in effe$t on t'e "ast da# of t'e %re$eding mont'* T'e initia" rate s'a"" e $a"$&"ated &sing t'e LI(OR rate in effe$t on t'e "ast da# of t'e mont' %rior to t'e e9e$&tion of t'is Agreement* Said interest rate !i"" $'ange as of t'e first da# of an# mont' ased &%on t'e LI(OR rate in effe$t on t'e "ast da# of t'e %rior mont'* ("LI(OR Determination Date")* ( ) "LI(OR" s'a"" mean t'e rate of interest %er ann&m at !'i$' .*S* do""ar de%osits (i) t'at are in an amo&nt a%%ro9imate"# e8&a" to t'e o&tstanding %rin$i%a" a"an$e and (ii) t'at 'a2e $om%ara "e mat&rit# dates, are offered in immediate"# a2ai"a "e f&nds in t'e London Inter an; mar;et to t'e London offi$e of (an; of Ameri$a, as %& "is'ed in t'e 6a"" Street >o&rna" in effe$t as of ))711 a*m*, London time, on t'e LI(OR Determination Date* (Ea$' determination of LI(OR a%%"i$a "e to t'e "oan s'a"" e $on$"&si2e and inding &%on (orro!er a sent manifest error*) ($) An#t'ing 'erein to t'e $ontrar# not!it'standing, if (an; reasona "# determines (!'i$' determination s'a"" e %res&med $orre$t) t'at7 (i) 8&otations of interest rates for t'e re"e2ant de%osits referred to in t'e definition of LI(OR rate are not eing %ro2ided in t'e re"e2ant amo&nts or for t'e re"e2ant mat&rities for %&r%oses of determining t'e rate of interest for a LI(OR "oan< or (ii) t'e definition of LI(OR rate does not ade8&ate"# $o2er t'e $ost to (an; of ma;ing or maintaining a LI(OR "oan< or (iii) as a res&"t of an# Reg&"ator# /'ange (or an# $'ange in t'e inter%retation t'ereof) ado%ted after t'e date 'ereof, t'e Head Offi$e of (an; or t'e "ending offi$e is s& Ge$t to an# ta9es, reser2es, "imitations, or ot'er $'arges, re8&irements or restri$tions on an# $"aims of s&$' offi$e on

nonC.nited States residents (in$"&ding, !it'o&t "imitation, $"aims on nonC.nited States offi$es or affi"iates of (an;) or in res%e$t of t'e e9$ess a o2e a s%e$ified "e2e" of s&$' $"aims< or (i2) it is &n)a!f&" for (an; or t'e "ending offi$e to maintain an# LI(OR "oan at t'e LI(OR rate< THEN, (an; s'a"" gi2e (orro!er %rom%t noti$e t'ereof, and so "ong as s&$' $onditions remain in effe$t, t'e "oan s'a"" ear interest at a 2aria "e rate e8&a" to 311 asis %oints in e9$ess of (an;@s $ost of f&nds ("Inde9")* Ea$' $'ange in t'e rate of interest 'ere&nder s'a"" e$ome effe$ti2e on t'e date of t'e $'ange in t'e Inde9* (d) A"" interest $'argea "e &nder t'is Agreement on a %er ann&m asis s'a"" e $om%&ted on a asis of a 4+1Cda# #ear for a$t&a" da#s e"a%sed* 3*5 Re%a#ment of Loans* (a) (orro!er !i"" ma;e %a#ments of interest a$$r&ed t'ro&g' t'e "ast da# of t'e %re2io&s mont' on t'e )1t' da# of ea$' s&$$eeding mont' $ommen$ing F',ruary $0, 2004 and $ontin&ing &nti" %a#ment in f&"" of a"" o&tstanding %rin$i%a"* ( ) (orro!er !i"" %a# t'e %rin$i%a" a"an$e in f&"", toget'er !it' a"" a$$r&ed and &n%aid interest and a"" ot'er amo&nts o!ed 'ere&nder, # t'e Termination Date* 3*B -re%a#ment* (orro!er ma# %re%a# t'e "oan in f&"" or in %art at an# time* 3*+ Interest on Late -a#ments* S& Ge$t to Se$tion 3*E, at (an;@s so"e o%tion in ea$' instan$e, an# amo&nt not %aid !'en d&e &nder t'is Agreement (in$"&ding interest) s'a"" ear interest from t'e d&e date at t'e ann&a" interest rate in effe$t 'ere&nder* T'is ma# res&"t in $om%o&nding of interest* 3*E Late /'arge* If a %a#ment in t'e f&"" amo&nt d&e is not re$ei2ed on or efore t'e t'irtiet' (41t') da# fo""o!ing t'e da# t'e %a#ment is d&e, (an; ma# assess a "ate $'arge in t'e amo&nt of 5J of t'e amo&nt of t'e o2erd&e %a#ment* To t'e e9tent t'at (i) no E2ent of Defa&"t 'as o$$&rred 'ere&nder, and (ii) t'ere are s&ffi$ient f&nds in t'e O%erating A$$o&nt and:or t'e /o""atera" -ro$eeds A$$o&nt and (iii) a&tomati$ %a#ments are a&t'oriDed &nder Se$tion 3*A, (orro!er s'a"" not e $'arged a "ate $'arge &nder t'is Agreement* 3*F A%%"i$ation of -a#ments* -a#ments re$ei2ed s'a"", at (an;@s o%tion, e a%%"ied in t'e fo""o!ing order interest< "ate $'arges< ot'er $'arges d&e< and t'en t'e %rin$i%a"7 3*A A&t'oriDation Agreement for A&tomati$ -a#ment* (an; s'a"" $'arge (orro!er@s O%erating A$$o&nt or, at (an;@s o%tion, t'e /o""atera" -ro$eeds A$$o&nt at ,irst Re%& "i$ (an; for f&nds ne$essar# to %a# t'is o "igation, to in$"&de, %rin$i%a" and interest as a%%"i$a "e on t'e tent' da# of ea$' mont' effe$ti2e t'e -'n-. /ay *0

F',ruary 2004 and (orro!er agrees to gi2e ad2an$e noti$e, in !riting, to ,irst Re%& "i$ (an; to dis$ontin&e s&$' a&tomati$ %a#ment* T'is agreement in no !a# interferes !it' rig'ts of (orro!er to sto% %a#ment on an# a&tomati$ %a#ment in a$$ordan$e !it' a%%"i$a "e "a!* 3*)1 A$$o&nt Stated* (an; s'a"" render mont'"# statements of amo&nts o!ing # (orro!er to (an; &nder t'is Agreement, in$"&ding statements of a"" %rin$i%a", interest, fees and (an; E9%enses o!ing, and s&$' statement s'a"" e %res&med to e $orre$t and a$$&rate and $onstit&te an a$$o&nt stated et!een (orro!er and (an; &n"ess, !it'in t'irt# (41) da#s after re$ei%t t'ereof # (orro!er, (orro!er s'a"" de"i2er to (an;, # registered or $ertified mai", at (an;@s %"a$e of &siness indi$ated a o2e, !ritten o Ge$tion t'ereto s%e$if#ing t'e error or errors, if an#, $ontained in an# s&$' statement* 3*)) .n&sed /ommitment ,ee* (orro!er s'a"" %a# to (an; a fee e8&a" to oneC'a"f %er$ent (1*B1J) %er ann&m ($om%&ted on t'e asis of a 4+1 da#, a$t&a" da#s e"a%sed) on t'e a2erage dai"# &n&sed amo&nt, !'i$' fee s'a"" e $a"$&"ated on a $a"endar 8&arter asis # (an; and s'a"" e d&e and %a#a "e # (orro!er in arrears on ea$' Mar$' 4), >&ne 41, Se%tem er 41 and De$em er 4)* 3*)3 Additiona" ,ees* (orro!er s'a"" %a# to (an;, on demand7 (a) a one time fee in t'e s&m of -1* -.*u+an/ 0(2' .un/r'/ /*))ar+ "#2,500%00&, !'i$' fee s'a"" re%resent an &n$onditiona" and nonref&nda "e %a#ment to (an; in $onsideration of (an;@s agreement to enter into t'is Agreement* ( ) Reasona "e "ega" fees and e9%enses in$&rred # (an; in $onne$tion !it' t'e negotiation, %re%aration and e9e$&tion of t'is Agreement, t'e Se$&rit# Agreement and an# ot'er Loan Do$&ment &% to a ma9im&m of T!ent#C,i2e T'o&sand Do""ars (H3B,111*11)* ($) ot'er fees and e9%enses as %ro2ided in Se$tion ))*) and ))*B e"o!* 4* SE/.RITI INTEREST* 4*) Se$&rit# Interests* (a) /on$&rrent 'ere!it' (orro!er s'a"" e9e$&te and de"i2er to (an; a Se$&rit# Agreement in form and s& stan$e a$$e%ta "e to (an; !'i$' grants to (an; a se$&rit# interest in t'e /o""atera"* ( ) /on$&rrent 'ere!it' (ro;erCDea"er s'a"" e9e$&te and de"i2er to (an; a Se$&rit# Agreement in form and s& stan$e a$$e%ta "e to (an; !'i$' grants to (an; a se$&rit# interest in a"" a$$o&nts, genera" intangi "es and rig't to %a#ment o!ed # an# Master Agreement /ontra$t -art# in $onne$tion !it' (ro;erCDea"er@s %arti$i%ation as $oCmanager in an# &nder !ritten offering as more %arti$&"ar"# %ro2ided in said Se$&rit# Agreement*

4*3 /o""atera" -ro$eeds A$$o&nt* A"" %ro$eeds from (an;@s /o""atera" s'a"" e de%osited into a$$o&nt no* 3354005043067 ("/o""atera" -ro$eeds A$$o&nt") esta "is'ed in (orro!er@s name # (an;, and f&nds s'a"" not e re"eased from t'e /o""atera" -ro$eeds A$$o&nt !it'o&t t'e e9%ress !ritten or ora" $onsent of (an;* If an E2ent of Defa&"t 'ere&nder 'as o$$&rred and is $ontin&ing, (an; ma# ot'er!ise dis%ose or a%%"# s&$' %ro$eeds as %ro2ided &nder Se$tion A e"o!* A sent an E2ent of Defa&"t, (an; !it' t'e !ritten $onsent of (orro!er ma# a%%"# t'e f&nds in t'e /o""atera" -ro$eeds A$$o&nt to %a# do!n an# amo&nt o!ed to (an;* 5* /ONDITIONS -RE/EDENT* As $onditions %re$edent to t'e ma;ing of t'e "oans and t'e e9tension of t'e finan$ia" a$$ommodations 'ere&nder7 5*) Do$&ments* Ea$' of t'e fo""o!ing s'a"" e e9e$&ted and de"i2ered to (an;, in form and s& stan$e satisfa$tor# to (an; and its $o&nse"7 (a) Agreements* T'is Agreement, t'e Se$&rit# Agreement, t'e Note (if an#), t'e (ro;erC Dea"er Se$&rit# Agreement, an e9e$&ted $o%# of t'e -&r$'ase Agreement and t'e (i"" of Sa"e and Assignment atta$'ed t'ere to as E9'i it / and ot'er do$&ments reasona "# re8&ired # (an;* ( ) ,inan$ing Statement* ,inan$ing statements (,orm .//C)) in form a$$e%ta "e for fi"ing and re$ording !it' t'e a%%ro%riate go2ernmenta) a&t'orities* Reso"&tions* /ertified e9tra$ts from t'e min&tes of t'e meetings of (orro!er@s and (ro;erC Dea"ers res%e$ti2e oard of dire$tors, e9e$&ti2e $ommittee or managers, a&t'oriDing t'e orro!ings and t'e granting of t'e se$&rit# interests %ro2ided for 'erein and a&t'oriDing s%e$ifi$ offi$ers to e9e$&te and de"i2er t'e ($) /ertifi$ates* /ertifi$ates of good standing s'o!ing t'at (orro!er and (ro;erCDea"er are ea$' in good standing &nder t'e "a!s of t'eir res%e$ti2e states of formation and $ertifi$ates indi$ating t'at (orro!er and (ro;erCDea"er 'a2e 8&a"ified to transa$t &siness and are in good standing in an# ot'er state in !'i$' (orro!er@s or (ro;erCDea"er@s fai"&re to 8&a"if# !o&"d e materia" to t'eir res%e$ti2e &sinesses* (d) Sear$' Res&"ts* .//, ta9 "ien, "itigation, G&dgment and ot'er sear$'es, fi$titio&s &siness name statement fi"ings, ins&ran$e $ertifi$ates, noti$es or ot'er simi"ar do$&ments !'i$' (an; ma# reasona "# re8&ire and in s&$' form as (an; ma# reasona "# re8&ire, in order to ref"e$t (an;@s first %riorit# se$&rit# interest in t'e /o""atera" and in order to f&""# $ons&mmate a"" of t'e transa$tions $ontem%"ated &nder t'e Loan Do$&ments and t'e -&r$'ase Agreement* (e) Offi$ers@ 6arranties and Re%resentations* An e9e$&ted form of !arranties and re%resentations of offi$ers of (orro!er and (ro;erCDea"er in form and s& stan$e a$$e%ta "e to (an;* (f) Lega" O%inion* A "ega" o%inion $ontaining t'e %ro2isions set fort' in E8.(,(- A in form a$$e%ta "e to (an; and e9e$&ted # inC'o&se $o&nse" for (orro!er and (ro;erCDea"er*

5*3 Ins&ran$e* At (an;@s reasona "e re8&est (orro!er s'a"", and s'a"" $a&se (ro;erCDea"er to, %ro2ide e2iden$e of s&ffi$ient ins&ran$e $o2erage !'i$' is t#%i$a" for simi"ar &siness entities in t'eir res%e$ti2e &sinesses res%e$ting !or;er@s $om%ensation "ia i"it#, and ot'er "ia i"it# $"aims* B* RE-RESENTATIONS AND 6ARRANTIES* In order to ind&$e (an; to enter into t'is Agreement and to ma;e t'e "oans $ontem%"ated 'ere #, (orro!er !arrants, re%resents and agrees t'at, &nti" a"" O "igations are f&""# %aid and %erformed7 B*) -"a$e of (&siness* (orro!er@s and (ro;erCDea"er@s %rin$i%a" %"a$es of &siness and t'eir $'ief e9e$&ti2e offi$e or residen$e is "o$ated at t'e address set fort' in Se$tions )*E and 'ereina o2e, and (orro!er $o2enants and agrees t'at (orro!er !i"" not, and !i"" not %ermit (ro;erCDea"er to, d&ring t'e term of t'is Agreement, !it'o&t %rior !ritten notifi$ation to (an;, re"o$ate said %rin$i%a" %"a$es of &siness or $'ief e9e$&ti2e offi$es* B*3 Stat&s* (orro!er and (ro;erCDea"er are d&"# formed "imited "ia i"it# $om%anies and s'a"" at a"" times 'ereafter e d&"# organiDed and e9isting and in good standing &nder t'e "a!s of t'e state of De"a!are and 8&a"ified or "i$ensed to do &siness, and in good standing as a foreign "imited "ia i"it# $om%an# in a"" G&risdi$tions in !'i$' s&$' 8&a"ifi$ation or "i$ensing is re8&ired and in !'i$' t'e fai"&re to so 8&a"if# !o&"d e materia" to (orro!er@s or (ro;erCDea"er@s &siness and:or finan$ia" $ondition* B*4 (ro;erCDea"er* (orro!er s'a"" $a&se (ro;erCDea"er to e and remain d&ring t'e term of t'is Agreement a d&"# registered ro;erCdea"er in good standing* (orro!er s'a"" $a&se (ro;erC Dea"er to e and remain d&ring t'e term of t'is Agreement "i$ensed as a ro;erCdea"er in ea$' G&risdi$tion in !'i$' (ro;erCDea"er is re8&ired to do so or in !'i$' (ro;erCDea"er@s fai"&re to do so !o&"d e materia) to (ro;erCDea"er@s &siness* B*5 A&t'oriDation and Enfor$ea i"it#* T'is Agreement and ea$' ot'er do$&ment, $ontra$t and instr&ment re8&ired # or at an# time de"i2ered to (an; in $onne$tion !it' t'is Agreement (in$"&ding !it'o&t "imitation t'e -&r$'ase Agreement) 'a2e een (or !i"" e) d&"# a&t'oriDed # a"" ne$essar# "imited "ia i"it# $om%an# a$tion, and &%on t'e e9e$&tion and de"i2er# of s&$' agreements in a$$ordan$e !it' t'e %ro2isions t'ereof !i"" $onstit&te "ega", 2a"id and inding agreements and o "igations of (orro!er and (ro;erCDea"er enfor$ea "e in a$$ordan$e !it' t'eir res%e$ti2e terms* B*B No Vio"ation* T'e (a) e9e$&tion, de"i2er# and %erforman$e # (orro!er of t'is Agreement and ( ) t'e e9e$&tion de"i2er# and %erforman$e # (orro!er and (ro;erCDea"er of t'e -&r$'ase Agreement s'a"" not7 (i) 2io"ate an# "a! or reg&"ation a%%"i$a "e to (orro!er, (ii) $onstit&te a rea$' of an# %ro2ision $ontained in its $ertifi$ate of formation, o%erating agreement or ot'er organiDation %a%ers of (orro!er or (ro;erCDea"er or (iii) $onstit&te an e2ent of defa&"t &nder an# materia" agreement to !'i$' (orro!er or (ro;erCDea"er is no! or 'ereafter e$omes a %art# or # !'i$' (orro!er or (ro;erCDea"er ma# e o&nd*

B*+ -a#ment of Ta9es* A"" assessments and ta9es, !'et'er rea", %ersona" or ot'er!ise, d&e or %a#a "e #, or im%osed, "e2ied or assessed against (orro!er and (ro;erCDea"er, or an# of (orro!er@s or (ro;erCDea"er@s %ro%ert#, 'a2e een %aid in f&"" efore de"in8&en$#* B*E INTENTIONALLI LE,T (LAN0* B*F ,inan$ia" Statements and /ondition* A"" finan$ia" statements and information re"ating to (orro!er or (ro;erCDea"er !'i$' 'a2e een or ma# 'ereafter e de"i2ered # (orro!er or (ro;erCDea"er to (an; are tr&e and $orre$t, as of t'e date of s&$' statement or information, and 'a2e een %re%ared in a$$ordan$e !it' genera""# a$$e%ted a$$o&nting %rin$i%"es $onsistent"# a%%"ied, and t'ere 'as een no materia" ad2erse $'ange in t'e finan$ia" $ondition of eit'er (orro!er or (ro;erCDea"er sin$e t'e s& mission of s&$' finan$ia" information to (an; ot'er t'an as e9%ress"# dis$"osed to (an;* B*A -ermits, ,ran$'ises* (orro!er %ossesses, and !i"" $a&se (ro;erCDea"er to %ossess, a"" %ermits, mem ers'i%s, fran$'ises, $ontra$ts and "i$enses re8&ired and a"" trademar; rig'ts, trade names, trade name rig'ts, %atents, %atent rig'ts and fi$titio&s name rig'ts materia" or ne$essar# to ena "e (orro!er and (ro;erCDea"er to $ond&$t t'e &siness in !'i$' (orro!er and (ro;erC Dea"er is no! engaged !it'o&t $onf"i$t !it' t'e rig'ts of ot'ers* B*)1 ERISA 6arrant#* Neit'er (orro!er nor (ro;erCDea"er 'as !it'dra!n from (and no termination, %artia" termination or ot'er e2ent 'as o$$&rred !it' res%e$t to) an# deferred $om%ensation %"an maintained for t'e enefit of eit'er (orro!er@s or (ro;erCDea"er@s em%"o#ees, and nor 'as (orro!er or (ro;erCDea"er !it'dra!n from an# m&"tiCem%"o#er %"an des$ri ed in Se$tion 511)(a)(4) of ERISA (as defined in Se$tion E*B of t'is Agreement) !'ere an# s&$' !it'dra!a", termination, or %artia" termination $o&"d reasona "# res&"t in a materia" ad2erse effe$t on eit'er (orro!er@s or (ro;erCDea"er@s finan$ia" $ondition or o%erations* B*)) En2ironmenta" Matters* (orro!er and (ro;erCDea"er are no! in $om%"ian$e !it' a"" federa", state and m&ni$i%a" "a!s, reg&"ations and ordinan$es re"ating to t'e 'and"ing, treatment and dis%osa" of to9i$ s& stan$es, !astes and 'aDardo&s materia" ($o""e$ti2e"#, t'e "En2ironmenta" Reg&"ations") and (orro!er s'a"" maintain, and s'a"" $a&se (ro;erCDea"er to maintain, a"" ne$essar# a&t'oriDations and %ermits* None of t'e o%erations of (orro!er or (ro;erCDea"er are no! nor s'a"" 'ereafter e t'e s& Ge$t of an# federa", state or m&ni$i%a" in2estigation e2a"&ating !'et'er an# remedia" a$tion is needed to res%ond to a re"ease of an# to9i$ or 'aDardo&s !aste or s& stan$e into t'e en2ironment* B*)3 So"2en$#* (orro!er and (ro;erCDea"er are no! so"2ent and a "e to %a# t'eir res%e$ti2e de ts (in$"&ding trade de ts) as t'e# mat&re* B*)4 /om%"ian$e* (orro!er and (ro;erCDea"er 'a2e $om%"ied !it' a"" federa", state and "o$a" "a!s, r&"es and reg&"ations affe$ting t'em res%e$ti2e"#, t'eir assets and

t'eir &siness, and as to !'i$' t'eir nonC$om%"ian$e $o&"d reasona "# res&"t in a materia" ad2erse $"aim in eit'er@s finan$ia" $ondition or o%erations, in$"&ding, !it'o&t "imitation, a"" a%%"i$a "e se$&rities "a!s and t'e r&"es and reg&"ations of t'e Nationa" Asso$iation of Se$&rities Dea"ers In$* ("NASD")< and a"" r&"es and reg&"ations of t'e Se$&rities and E9$'ange /ommission* B*)5 No Defa&"ts* T'ere is no e2ent !'i$' is or, !it' noti$e or "a%se of time or ot', !o&"d e an E2ent of Defa&"t* B*)B Re%resentations and 6arranties /&m&"ati2e* Ea$' !arrant#, re%resentation and agreement $ontained in t'is Agreement s'a"" e a&tomati$a""# deemed re%eated !it' ea$' "oan and:or ad2an$e and s'a"" e tr&e, a$$&rate and $orre$t at ea$' s&$' time e9$e%t to t'e e9tent t'at s&$' re%resentation or !arrant# re"ates to an ear"ier date in !'i$' $ase s&$' re%resentation or !arrant# s'a"" e tr&e in a"" materia", res%e$ts as of s&$' ear"ier date* S&$' re%resentations and !arranties s'a"" e $on$"&si2e"# %res&med to 'a2e een re"ied on # (an; regard"ess of an# in2estigation made or information %ossessed # (an;* T'e !arranties, re%resentations and agreements set fort' 'erein s'a"" e $&m&"ati2e and in addition to an# and a"" ot'er !arranties, re%resentations and agreements !'i$' (orro!er s'a"" gi2e, or $a&se to e gi2en, to (an;, eit'er no! or 'ereafter* +* NEGATIVE /OVENANTS* (orro!er !i"" not, and !i"" not %ermit (ro;erCDea"er to, !it'o&t (an;@s %rior !ritten $onsent, d&ring t'e term 'ereof and so "ong as an# O "igation remains &n%aid or &n%erformed7 +*) /'ange in Identit#* /'ange (orro!er@s or (ro;erCDea"er@s name, &siness str&$t&re, or identit#, or add an# ne! fi$titio&s name, or re"o$ate (orro!er@s or (ro;erCDea"er@s %rin$i%a" %"a$e of &siness or $'ief e9e$&ti2e offi$e or residen$e if s&$' a$tion !o&"d Geo%ardiDe, red&$e or 'a2e a materia" ad2erse effe$t on7 (i) an# item of t'e /o""atera", (ii) t'e %erfe$tion of (an;@s rig'ts t'erein, or (iii) t'e (an;@s rig'ts &nder t'is Agreement or t'e Se$&rit# Agreement, or t'e (ro;erCDea"er Se$&rit# Agreement or (i2) (orro!er@s or (ro;erCDea"er@s finan$ia" $ondition or (2) (orro!er@s rig'ts &nder t'e -&r$'ase Agreement* +*3 Re"o$ation or Sa"e* Ot'er t'an in t'e ordinar# $o&rse of (orro!er@s or (ro;erCDea"er@s &siness, se"", "ease, or ot'er!ise dis%ose of, mo2e, re"o$ate, or transfer, !'et'er # sa"e or ot'er!ise (orro!er@s or (ro;erCDea"er@s &siness or, an# of (orro!er@s or (ro;erCDea"er@s assets, if s&$' a$tion !o&"d Geo%ardiDe, red&$e or 'a2e a materia) ad2erse effe$t on (i) an# item of t'e /o""atera", (ii) t'e %erfe$tion of (an;@s rig'ts t'erein, or (iii) t'e (an;@s rig'ts &nder t'is Agreement or t'e Se$&rit# Agreement, or t'e (ro;erCDea"er Se$&rit# Agreement, or (i2) (orro!er@s or (ro;erCDea"er@s finan$ia" $ondition* +*4 A$8&isitions and Merger* A$8&ire, merge or $onso"idate, or %ermit (ro;erCDea"er to a$8&ire, merge or $onso"idate, !it' or into an# ot'er &siness organiDation or enter into an# %artners'i%, Goint 2ent&re or ot'er $om ination< or %&r$'ase or "ease a"" or t'e greater %art of t'e assets or &siness of anot'er ($o""e$ti2e"#

"A$8&isitionCMerger Transa$tion") if s&$' A$8&isitionCMerger Transa$tion, to t'e e9tent t'at s&$' a$tion !o&"d Geo%ardiDe, red&$e or 'a2e a materia" ad2erse effe$t on (i) an# item of t'e /o""atera", (ii) t'e %erfe$tion of (an;@s rig'ts t'erein, or (iii) t'e (an;@s rig'ts &nder t'is Agreement or t'e Se$&rit# Agreement or t'e (ro;erCDea"er Se$&rit# Agreement, or (i2) (orro!er@s or (ro;erCDea"er@s finan$ia" $ondition* +*5 Ordinar# /o&rse of (&siness* Enter into an# transa$tion not in t'e &s&a" $o&rse of (orro!er@s or (ro;erCDea"er@s &siness as $&rrent"# $ond&$ted e9$e%t for a -ermitted /'ange of O!ners'i% as referred to in Se$tion F*)B if s&$' transa$tion !o&"d $a&se (orro!er or (ro;erC Dea"er to trigger an ear"# !arning re8&irement &nder a%%"i$a "e SE/:NISE r&"es in$"&ding E9$'ange A$t R&"e )EaC)) and NISE R&"e 43B* +*B /'ange in ,inan$ia" Str&$t&re* /a&se an# $'ange in (ro;erCDea"er@s finan$ia" str&$t&re if s&$' $'ange !o&"d $a&se (ro;erCDea"er to trigger an ear"# !arning re8&irement &nder a%%"i$a "e SE/:NISE r&"es in$"&ding E9$'ange A$t R&"e )EaC)) and NISE R&"e 43B. +*+ S&s%ension of (&siness* S&s%end or go o&t of &siness, "i8&idate or disso"2e or %ermit (ro;erCDea"er to do so* +*E Di2idends and Distri &tions* Ma;e an# distri &tion or de$"are or %a# an# di2idends (in $as' or sto$;) on, or %&r$'ase, a$8&ire, redeem or retire an# of its (orro!er@s or (ro;erCDea"er@s $a%ita" sto$; or mem er@s interest, of an# $"ass, !'et'er no! or 'ereafter o&tstanding if s&$' distri &tion !o&"d $a&se (ro;erCDea"er to trigger an ear"# !arning re8&irement &nder a%%"i$a "e SE/:NISE r&"es in$"&ding E9$'ange A$t R&"e )Ea C)) and NISE R&"e 43B* +*F Liens and En$&m ran$es* Grant a se$&rit# interest in or %ermit a "ien, $"aim or en$&m ran$e &%on a"" or an# %ortion of t'e /o""atera", e9$e%t in fa2or of (an; or %ermit (ro;erC Dea"er to do so* +*A ERISA:/o2enant* 6it'dra! from %arti$i%ation in, %ermit t'e termination or %artia" termination of, or %ermit t'e o$$&rren$e of an# ot'er e2ent !it' res%e$t to an# deferred $om%ensation %"an maintained for t'e enefit of (orro!er@s or (ro;erCDea"er@s res%e$ti2e em%"o#ees &nder $ir$&mstan$e t'at $o&"d res&"t in )ia i"it# to t'e -ension (enefit G&arant# /or%oration, or an# of its s&$$essors or assigns, or !it'dra! from an# m&"tiCem%"o#er %"an des$ri ed in Se$tion 511)(a)(4) of t'e Em%"o#ee Retirement In$ome Se$&rit# A$t ("ERISA") of )AE5, as amended, !'i$' ma# $o2er (orro!er@s or (ro;erCDea"er@s em%"o#ees if an# s&$' a$tion as des$ri ed in t'is Se$tion +*A !o&"d $a&se (ro;erCDea"er to trigger an ear"# !arning re8&irement &nder a%%"i$a "e SE/:NISE r&"es in$"&ding E9$'ange A$t R&"e )EaC)) and NISE R&"e 43B* +*)1 A$$o&nts Re$ei2a "e* Dis$o&nt or se"", or %ermit (ro;erCDea"er to dis$o&nt or se"", an# of t'e A$$o&nts or an# ot'er items of /o""atera" e9$e%t7 (i) !it' t'e $onsent of (an; or (ii) s&$' dis$o&nts as are $&stomari"# %ro2ided for %rom%t %a#ment*

E* A,,IRMATIVE /OVENANTS* (orro!er 'ere # $o2enants and agrees t'at d&ring t'e term 'ereof and &nti" a"" O "igations are f&""# %aid and %erformed7 E*) Enfor$ea i"it# of t'e -&r$'ase Agreement* (orro!er s'a"", and s'a"" $a&se (ro;erCDea"er to, stri$t"# enfor$e t'e %ro2isions of t'e -&r$'ase Agreement and s'a"" ta;e, and s'a"" $a&se (ro;erCDea"er to ta;e, an# a$tion as is reasona "# re8&ested # (an; to enfor$e, %erfe$t, %rote$t, im%"ement, $ontin&e, maintain and %reser2e (an;@s Enfor$ement Rig't* E*3 Noti$e of Litigation, Reg&"ator# In2estigations* (orro!er s'a"", and s'a"" $a&se (ro;erC Dea"er to, %rom%t"# gi2e !ritten noti$e to (an; of7 (a) a"" materia" "itigation affe$ting (orro!er and (ro;erCDea"er, ( ) an# s& stantia" dis%&te !'i$' ma# e9ist et!een (orro!er or (ro;erC Dea"er and an# go2ernmenta" reg&"ator# od# or "a! enfor$ement a&t'orit#, ($) an# e2ent !'i$' is or, !it' noti$e or "a%se of time, or ot', !o&"d e an E2ent of Defa&"t, and (d) an# ot'er matter !'i$' 'as res&"ted or mig't reasona "# res&"t in a materia" ad2erse $'ange in (orro!er@s or (ro;erCDea"er@s finan$ia" $ondition or o%erations* E*4 Ta9es* (orro!er s'a"", and s'a"" $a&se (ro;erCDea"er to, ma;e d&e and time"# %a#ment or de%osit of a"" federa", state and "o$a" ta9es, assessments or $ontri &tions re8&ired of (orro!er, or (ro;erCDea"er res%e$ti2e"# # "a!, and !i"" e9e$&te and de"i2er to (an;, on reasona "e re8&est, a%%ro%riate $ertifi$ates attesting to t'e %a#ment or de%osit t'ereof* (orro!er !i"", and s'a"" $a&se (ro;erCDea"er to ma;e time"# %a#ment or de%osit of a"" ,*I*/*A* %a#ments and !it''o"ding ta9es re8&ired of (orro!er or (ro;erCDea"er res%e$ti2e"# # a%%"i$a "e "a!s, and !i"", &%on re8&est, f&rnis' (an; !it' %roof satisfa$tor# to (an; t'at (orro!er and (ro;erC Dea"er 'a2e made s&$' %a#ments or de%osits* If (orro!er or (ro;erCDea"er fai"s to %a# an# s&$' assessment, ta9, $ontri &tion, or ma;e s&$' de%osit, or f&rnis' t'e re8&ired %roof, (an; ma#, in (an;@s so"e and a so"&te dis$retion and !it' reasona "e noti$e to (orro!er7 (a) ma;e %a#ment of t'e same or an# %art t'ereof, or ( ) ot'er!ise reser2e against or red&$e t'e "oans and ad2an$es for !'i$' (orro!er is e"igi "e &nder t'is Agreement, as (an; deems ne$essar# to satisf# t'e "ia i"it# t'erefor, or ot'* (an; ma# $on$"&si2e"# re"# on t'e &s&a" statements of t'e amo&nt o!ing or ot'er offi$ia" statements iss&ed # t'e a%%ro%riate go2ernmenta" agen$#* Ea$' amo&nt %aid or de%osited # (an; s'a"" $onstit&te (an; E9%enses* Not'ing 'erein $ontained s'a"" %re$"&de (orro!er from $ontesting, di"igent"#, in good fait', and # a%%ro%riate %ro$eedings, t'e im%osition of an# assessments and ta9es and to !it''o"d %a#ment of s&$' $ontested amo&nts %ending t'e reso"&tion of s&$' %ro$eedings< (orro!er s'a"" not e deemed to 'a2e fai"ed to %a# an# s&$' assessments or ta9es !'i$' are t'e s& Ge$t of s&$' %ro$eedings* E*5 /om%"ian$e* (orro!er s'a"", and s'a"" $a&se (ro;erCDea"er to, maintain a"" "i$enses, %ermits, go2ernmenta" a%%ro2a"s, rig'ts, %ri2i"eges and fran$'ises materia" and ne$essar# for t'e $ond&$t of (orro!er@s and (ro;erCDea"er@s res%e$ti2e &sinesses< $ond&$t and $a&se (ro;erC Dea"er to $ond&$t (orro!er@s and (ro;erCDea"er@s res%e$ti2e &sinesses in an order"# and reg&"ar manner< and $om%"# !it' t'e %ro2isions of a"" do$&ments %&rs&ant to !'i$' (orro!er and (ro;erCDea"er are organiDed and:or !'i$' go2ern (orro!er@s and (ro;erCDea"er@s $ontin&ed e9isten$e and !it' t'e re8&irements of

a"" "a!s, r&"es, reg&"ations and orders of an# go2ernmenta" a&t'orit# a%%"i$a "e to (orro!er or (ro;er Dea"er or t'eir &sinesses t'e 2io"ation of !'i$' mig't reasona "# 'a2e a materia" ad2erse im%a$t on (orro!er@s or (ro;erCDea"er@s finan$ia" $ondition and o%eration, in$"&ding, !it'o&t "imitation, a"" En2ironmenta" Reg&"ations and a"" r&"es and reg&"ations of t'e NASD and of t'e Se$&rities and E9$'ange /ommission* E*B Ins&ran$e* (a) A$8&isition and Maintenan$e* (orro!er, at (orro!er@s e9%ense, s'a"" ;ee% and maintain and s'a"" $a&se (ro;erCDea"er to ;ee% and maintain %& "i$ "ia i"it# and %ro%ert# damage ins&ran$e re"ating to (orro!er@s and (ro;erCDea"er@s res%e$ti2e &sinesses* A"" s&$' %o"i$ies of ins&ran$e s'a"" e in s&$' form, !it' s&$' $om%anies, and in s&$' amo&nts and !it' s&$' ded&$ti "es as ma# e satisfa$tor# to (an;* (orro!er and (ro;erCDea"er s'a"" de"i2er to (an;, at (an;@s re8&est, $ertified $o%ies of s&$' %o"i$ies of ins&ran$e and e2iden$e of t'e %a#ments of a"" %remi&ms t'erefore* ( ) Noti$e and /an$e""ation* (orro!er !i"" not, and !i"" not %ermit (ro;er Dea"er to $an$e" an# of s&$' %o"i$ies !it'o&t (an;@s %rior !ritten $onsent* Ea$' s&$' ins&rer s'a"" agree # endorsement &%on t'e %o"i$# or %o"i$ies of ins&ran$e iss&ed # it to (orro!er or (ro;erC Dea"er as re8&ired a o2e, or # inde%endent instr&ments f&rnis'ed to (an;, t'at it !i"" gi2e (an; at "east ten ()1) da#s !ritten noti$e efore an# s&$' %o"i$# or %o"i$ies of ins&ran$e s'a"" e a"tered or $an$e""ed, and t'at no a$t or defa&"t of (orro!er or (ro;erCDea"er, or an# ot'er %erson, s'a"" affe$t t'e rig't of (an; to re$o2er &nder s&$' %o"i$# or %o"i$ies of ins&ran$e re8&ired a o2e or to %a# an# %remi&m in !'o"e or in %art re"ating t'ereto* (an;, !it'o&t !ai2ing or re"easing an# O "igations or E2ent of Defa&"t, ma#, &t s'a"" 'a2e no o "igation to do so, o tain and maintain s&$' %o"i$ies of ins&ran$e and %a# s&$' %remi&ms and ta;e an# ot'er a$tion !it' res%e$t to s&$' %o"i$ies !'i$' (an; deems ad2isa "e* A"" s&ms so dis &rsed # (an;, as !e"" as reasona )e attorne#s@ fees, $o&rt $osts, e9%enses and ot'er $'arges re"ating t'ereto, s'a"" $onstit&te (an; E9%enses, !'en dis &rsed* E*+ ERISA:/o2enant* (orro!er s'a"", and s'a"" $a&se (ro;erCDea"er to, f&rnis' to (an;7 (a) as soon as %ossi "e, &t in no e2ent "ater t'an t'irt# (41) da#s after (orro!er or (ro;erC Dea"er ;no!s or 'as reason to ;no! t'at an# "re%orta "e e2ent" as defined in ERISA !it' res%e$t to an# 8&a"ified defined enefit %ension %"an 'as o$$&rred, a statement of t'e /'ief ,inan$ia" Offi$er of (orro!er or (ro;erCDea"er setting fort' t'e detai"s $on$erning s&$' re%orta "e e2ent and t'e a$tion !'i$' (orro!er or (ro;erCDea"er %ro%oses to ta;e !it' res%e$t, t'ereto, toget'er !it' a $o%# of t'e noti$e of s&$' "re%orta "e e2ent" gi2en to t'e -ension (enefit G&arant# /or%oration, if a $o%# of s&$' noti$e is a2ai"a "e to (orro!er or (ro;erCDea"er< ( ) %rom%t"# after t'e fi"ing t'ereof !it' t'e .nited States Se$retar# of La or or t'e -ension (enefit G&arant# /or%oration, $o%ies of ea$' ann&a" re%ort !it' res%e$t to ea$' 8&a"ified defined enefit %ension %"an< and ($) %rom%t"# after re$ei%t t'ereof, a $o%# of an# noti$e (orro!er or (ro;erCDea"er ma# re$ei2e from t'e -ension (enefit G&arant# /or%oration or t'e Interna" Re2en&e Ser2i$e !it' res%e$t to ea$' 8&a"ified defined enefit %ension %"an< %ro2ided, 'o!e2er,

t'is s& se$tion s'a"" not a%%"# to noti$e of genera" a%%"i$ation iss&ed # t'e -ension (enefit G&arant# /or%oration or t'e Interna" Re2en&e Ser2i$e* E*E Reim &rsements* (orro!er s'a"" %rom%t"# on demand reim &rse (an; for a"" s&ms e9%ended # (an; !'i$' $onstit&te (an; E9%enses and (orro!er 'ere # a&t'oriDes and a%%ro2es a"" ad2an$es and %a#ments # (an; for items $onstit&ting (an; E9%enses* (an; s'a"" %ro2ide a reasona "e a$$o&nting of s&$' (an; E9%enses %rior or s& se8&ent to reim &rsement* E*F A$$o&nting Met'ods* (orro!er s'a"", and s'a"" $a&se (ro;erCDea"er to, maintain a standard and modern s#stem of a$$o&nting in a$$ordan$e !it' genera""# a$$e%ted a$$o&nting %rin$i%"es $onsistent"# a%%"ied, in a$$ordan$e !it' s&$' state and federa" r&"es and reg&"ations as a%%"# to ro;er dea"ers< (orro!er s'a"", and s'a"" $a&se (ro;erCDea"er to, %ermit (an; and an# of (an;@s em%"o#ees, offi$ers or agents, on reasona "e noti$e, d&ring (orro!er@s &s&a" &siness 'o&rs, or t'e &s&a" &siness 'o&rs of t'ird %ersons 'a2ing $ontro" t'ereof, to 'a2e a$$ess to and e9amine a"" of (orro!er@s (oo;s re"ating to an# of (orro!er@s O "igations to (an;, (orro!er@s or (ro;erCDea"er@s finan$ia" $ondition and t'e res&"ts of (orro!er@s or (ro;erCDea"er@s o%erations, and, in $onne$tion t'ere!it'< (orro!er s'a"" %ermit (an; or an# of (an;@s agents, em%"o#ees or offi$ers to $o%# and ma;e e9tra$ts t'erefrom< (orro!er s'a"", and s'a"" $a&se (ro;erCDea"er to, %ro2ide (an; s&$' ot'er finan$ia" information as ma# reasona "# e re8&ested re"ating to (orro!er@s (oo;s to t'e /o""atera"* E*A ,inan$ia" Statement and Ot'er Information* (orro!er s'a"", and s'a"" $a&se (ro;erC Dea"er to, f&rnis' to (an; t'e fo""o!ing do$&ments !it'in t'e time %eriods s%e$ified7 (a) (orro!er agrees to de"i2er to (an;, !it'in fort#Cfi2e (5B) da#s after t'e end of ea$' of (orro!er@s 8&arters, a a"an$e s'eet and %rofit and "oss statement, %re%ared # (orro!er, in form and $ontent satisfa$tor# to (an;, $o2ering (orro!er@s o%erations d&ring s&$' %eriod* ( ) (orro!er agrees to de"i2er to (an;, !it'in one '&ndred t!ent# ()31) da#s after t'e end of ea$' of (orro!er@s fis$a" #ears, an a&dited $onso"idated statement of t'e finan$ia" $ondition of (orro!er and (ro;erCDea"er for ea$' s&$' fis$a" #ear, in$"&ding, &t not "imited to, a "ongCform a"an$e s'eet and %rofit and "oss statement, %re%ared # inde%endent $ertified %& "i$ a$$o&ntants a$$e%ta "e to (an; on, an a&dited asis, and an# ot'er re%ort reasona "# re8&ested # (an; re"ating to t'e /o""atera"* If eit'er (orro!er or (ro;erCDea"er is re8&ired 'ere&nder to de"i2er fis$a" #earCend statements of t'eir res%e$ti2e $om ined finan$ia" $ondition !'i$' are %re%ared on an a&dited asis # inde%endent $ertified %& "i$ a$$o&ntants, t'en, $ontem%oraneo&s"# t'ere!it', (orro!er s'a"" a"so de"i2er to (an; an o%inion !'i$' is not s& Ge$t to an# materia" 8&a"ifi$ations t'ereon # said a$$o&ntants* (orro!er s'a"" $om%"# !it' an# re8&est and s'a"" treat an# !ritten re8&est as $ontin&ing o "igation &nti" e9%ress"# modified or terminated in !riting*

($) (orro!er s'a"", and s'a"" $a&se (ro;erCDea"er to, de"i2er to (an; !it'in fort#Cfi2e (5B) da#s after t'e end of ea$' of (orro!er@s 8&arters a $onso"idated a"an$e s'eet and %rofit and "oss statement %re%ared # (orro!er in form and $ontent a$$e%ta "e to (an; $o2ering (orro!er@s and (ro;erCDea"er@s o%eration(s) d&ring said %eriod* (d) (orro!er s'a"" de"i2er to (an; !it' ten ()1) da#s of t'e end of ea$' mont', a mont'"# (orro!ing (ase /ertifi$ate in t'e form atta$'ed 'ereto as E8.(,(- * (e) (orro!er s'a"" $a&se (ro;erCDea"er to de"i2er to (an; a mont'"# ,o$&s Re%ort %ro2ided # (orro!er to t'e NISE $on$&rrent !it' t'e de"i2er# of t'e ,o$&s Re%ort to NISE* (f) (orro!er s'a"", and s'a"" $a&se (ro;erCDea"er to, %rom%t"# s&%%"# (an; !it' s&$' ot'er information, in$"&ding ta9 ret&rns, $on$erning (orro!er@s affairs as (an; ma# reasona "# re8&est from time to time 'ereafter* (g) (orro!er s'a"", and s'a"" $a&se (ro;erCDea"er to, %ro2ide (an;, or its agents a$$ess or reasona "e noti$e at reasona "e times to re2ie!, a&dit and %'oto$o%# or d&%"i$ate (orro!er@s (oo;s re"ated to a"" or an# %ortion of t'e /o""atera"* E*)1 Notifi$ations* (orro!er s'a"", and s'a"" $a&se (ro;er Dea"er to, %rom%t"# notif# (an; of an# materia" ad2erse $'ange in (orro!er@s or (ro;erCDea"er@s finan$ia" $ondition and of an# $ondition or e2ent !'i$' $onstit&tes a rea$' of or E2ent of Defa&"t &nder t'is Agreement* E*)) Ne! Stat&te* To t'e e9tent t'at t'e /ode is s&%er$eded # mot'er stat&te, (orro!er s'a"", and s'a"" $a&se (ro;erCDea"er to, ta;e s&$' a$tion as is reasona "# re8&ested # (an; to enfor$e, %erfe$t, %rote$t, im%"ement, $ontin&e, maintain and %reser2e (an;@s rig't 'ere&nder and &nder t'e ot'er Loan Do$&ments and t'e %riorit# of (an;@s "ien* E*)3 ,&rt'er Ass&ran$es* At an# time and from time to time (orro!er s'a"" and s'a"", $a&se (ro;erCDea"er to, e9e$&te and de"i2er s&$' f&rt'er instr&ments and ta;e s&$' f&rt'er a$tion as ma# reasona "# e re8&ested # (an; to effe$t t'e %&r%oses of t'is Agreement* F* EVENTS O, DE,A.LT* T'e o$$&rren$e of an# one or more of t'e fo""o!ing e2ents s'a"" $onstit&te an E2ent of Defa&"t &nder t'is Agreement at t'e o%tion of (an;7 F*) ,ai"&re to Ma;e -a#ment* (orro!er fai"s to %a# t'e o&tstanding "oan on or # t'e Termination Date !it' or !it'o&t noti$e or demand* (orro!er fai"s to ma;e an# ot'er de%osit or %a#ment of f&nds as and !'en re8&ired # t'is Agreement, or an# ot'er Loan Do$&ment, and s&$' fai"&re is not $&red !it'in one ()) &siness da# of noti$e*

F*3 Termination of t'e -&r$'ase Agreement* (orro!er or (ro;erCDea"er interr&%ts, s&s%ends or terminates t'e -&r$'ase Agreement or dis$'arges t'e o "igations of eit'er %art# t'ereto* F*4 (rea$'* (orro!er fai"s or neg"e$ts to %erform, ;ee% or o ser2e an# ot'er term, %ro2ision, $ondition, $o2enant, agreement, !arrant# or re%resentation $ontained in t'is Agreement (in$"&ding, !it'o&t "imitation, t'e ,orm&"a Amo&nt re8&irements of Se$tions 3*) and 3*3 of t'is Agreement) and s&$' fai"&re $ontin&es e#ond t'e gra$e %eriod, if an#, e9%ress"# a%%"i$a "e t'ereto* F*5 /rossCDefa&"t* T'e o$$&rren$e of an e2ent of defa&"t &nder t'e Se$&rit# Agreement, t'e (ro;erCDea"er Se$&rit# Agreement or an# ot'er Loan Do$&ment< or (orro!er fai"s or neg"e$ts to %erform, ;ee% or o ser2e an# materia" term, %ro2ision, $ondition, $o2enant, agreement, !arrant#, or re%resentation $ontained in t'e Se$&rit# Agreement or in an# ot'er of t'e Loan Do$&ments, !'i$' fai"&re of %erforman$e $ontin&es e#ond t'e gra$e %eriod, if an#, s%e$ified t'erein* F*B Le2# or SeiD&re of Assets* If a"" or an# materia" assets of (orro!er (or an# %ortion t'ereof) are atta$'ed, seiDed, s& Ge$ted to a !rit or distress !arrant, or are "e2ied &%on, or $ome into t'e %ossession of an# >&di$ia" Offi$er or Assignee* F*+ Materia" Im%airment* If t'ere is a materia" im%airment of t'e %ros%e$t of re%a#ment of a"" or an# %ortion of t'e O "igations, or a materia" im%airment (ot'er t'an as ot'er!ise s%e$ified 'erein or in Se$tion + of t'e Se$&rit# Agreement) of t'e 2a"&e of t'e /o""atera" or t'e %riorit# of (an;@s se$&rit# interests t'erein !'i$' is not remedied !it'in ten ()1) $a"endar da#s of noti$e from (an;* F*E So"2en$#* If (orro!er or (ro;erCDea"er e$omes inso"2ent and &na "e to %a# its de ts (in$"&ding trade de t) as t'e# mat&re* F*F Vo"&ntar# Inso"2en$#* If an Inso"2en$# -ro$eeding is $ommen$ed # (orro!er or (ro;erC Dea"er* F*A In2o"&ntar# Inso"2en$#* If an Inso"2en$# -ro$eeding is $ommen$ed against (orro!er or (ro;erCDea"er and not dismissed or sta#ed !it'in si9t# (+1) da#s* F*)1 InG&n$tion* If (orro!er or (ro;erCDea"er is enGoined, restrained or in an# !a# %re2ented # $o&rt order from $ontin&ing to $ond&$t a"" or an# materia" %art of (orro!er@s or (ro;er Dea"er@s res%e$ti2e &siness affairs* F*)) Lien, Le2#* If a "e2# or assessment (in aggregate e9$eeding fi2e mi""ion do""ars (HB,111,111*11)) is fi"ed of re$ord !it' res%e$t to an# or a"" of t'e assets of (orro!er or (ro;erC Dea"er or an# g&arantor of t'e O "igations (or an# %ortion t'ereof # t'e .nited States Go2ernment, or an# de%artment, agen$# or instr&menta"it# t'ereof, or # an# state, $o&nt#, m&ni$i%a" or ot'er go2ernmenta" agen$#, or if an# ta9es or de ts o!ing at an# time 'ereafter to an# one or more of s&$' entities e$omes a "ien, !'et'er $'oate or ot'er!ise, &%on an# or a"" of t'e assets of (orro!er or an# s&$' g&arantor and t'e same is not %aid on t'e %a#ment date t'ereof*

F*)3 >&dgment Lien* An# G&dgment or order for t'e %a#ment of mone# in e9$ess of fi2e mi""ion do""ars (HB,111,111*11) s'a"" e rendered against (orro!er or (ro;erCDea"er and eit'er (a) enfor$ement $o""e$tion, e9e$&tion or "e2# %ro$eeding s'a"" 'a2e een $ommen$ed on s&$' G&dgment, or ( ) t'ere s'a"" e an# %eriod of t'irt# (41) $onse$&ti2e da#s d&ring !'i$' a sta# of enfor$ement of s&$' G&dgment or order, # reason of s&%ersedes, ond or ot'er!ise, s'a"" not e in effe$t* F*)4 Misre%resentations* If an# !arrant# or re%resentation made to (an; # (orro!er or (ro;erCDea"er or # an#, offi$er, dire$tor, mem er, manager e9e$&ti2e $ommittee mem er of (orro!er or (ro;erCDea"er s'a"" %ro2e to e &ntr&e or ina$$&rate in an# materia" res%e$t as of t'e date made* F*)5 ,ai"&re to /ontro" (ro;erCDea"er* (ro;erCDea"er $eases to e a f&""#C$ontro""ed s& sidiar# of (orro!er or (orro!er fai"s to $a&se (ro;erCDea"er to f&"fi"" an# o "igations or re8&ests of (an; as %ro2ided 'erein* F*)B /'ange of O!ners'i%* If t'ere is a $'ange of o!ners'i% or $ontro" of more t'an t!ent#C fi2e %er$ent (3BJ) of t'e iss&ed and o&tstanding sto$; of eit'er (orro!er or (ro;erCDea"er in t'e aggregate (if (orro!er or (ro;erCDea"er is a $or%oration) or of s&$' n&m er of mem ers'i% interests in eit'er (orro!er or (ro;erCDea"er (if (orro!er is a "imited "ia i"it# $om%an#) as re%resent an o!ners'i% interest in eit'er (orro!er or (ro;erCDea"er of more t'an t!ent#Cfi2e %er$ent (3BJ) in t'e aggregate, or if t'e dire$tors, e9e$&ti2e $ommittee mem ers, managers, s'are'o"ders or mem ers of (orro!er or (ro;erCDea"er ta;e a$tion to effe$t (orro!er@s or (ro;erCDea"er@s disso"&tion or "i8&idation* In t'is regard a $'ange of o!ners'i% or $ontro" of t!ent#Cfi2e %er$ent (3BJ) or "ess in t'e aggregate is %ermitted to t'e e9tent t'at t'ere is no ot'er defa&"t &nder t'is Agreement e9isting at t'e time of, or ot'er!ise res&"ting from, s&$' $'ange of o!ners'i% or $ontro" ("-ermitted /'ange of O!ners'i%")* ,or %&r%oses of $a"$&"ating !'et'er a $'ange of o!ners'i% 'as o$$&rred, adG&stments of indi2id&a" %artner@s s'ares !'o remain asso$iated !it' t'e firm !i"" not $o&nt to!ard t'e 3B %er$ent t'res'o"d* F*)+ Ad2erse A$tion* An# go2ernmenta" reg&"ator# a&t'orit# ta;es or instit&tes a$tion !'i$' !i"" 'a2e a materia" ad2erse effe$t on (orro!er@s or (ro;er Dea"er@s finan$ia" $ondition, o%eration or a i"it# to %a# (orro!er@s o "igations &nder t'is Agreement* F*)E (rea$' of Ot'er O "igation* (orro!er or (ro;erCDea"er s'a"" fai" to %a# an# inde tedness in t'e aggregate in e9$ess of Ten Mi""ion Do""ars (H)1,111,111) (ot'er t'an t'e inde tedness e2iden$ed # t'is Agreement) or interest t'ereon !'en d&e (!'et'er # s$'ed&"ed mat&rit#, re8&ired %re%a#ment, a$$e"eration, demand or ot'er!ise) and s&$' fai"&re s'a"" $ontin&e after t'e a%%"i$a "e gra$e %eriod, if an#, s%e$ified in t'e agreement or instr&ment re"ating to s&$' inde tedness< or an# ot'er defa&"t s'a"" o$$&r &nder an# agreement, instr&ment or ot'er do$&ment re"ated to an# s&$' inde tedness if t'e effe$t of s&$' defa&"t is to a$$e"erate, or %ermit t'e a$$e"eration of, t'e mat&rit# of s&$' inde tedness*

Not!it'standing an#t'ing $ontained in t'is Se$tion F to t'e $ontrar#, &%on t'e o$$&rren$e of an E2ent of Defa&"t, (an;, at (an;@s dis$retion, ma# $ease ad2an$ing monies or e9tending "oans or ot'er $redit a$$ommodations &nder t'is Agreement or an# ot'er agreement et!een (an; and (orro!er< %ro2ided, 'o!e2er, t'at (an; s'a"" refrain from f&rt'er e9er$ising its rig'ts and remedies and an E2ent of Defa&"t s'a"" t'ereafter e deemed not to 'a2e o$$&rred # reason of t'e o$$&rren$e of an# of t'e e2ents set fort' in Se$tions F*E, F*)1, F*)) and F*)3 of t'is Agreement if, !it'in ten ()1) da#s from t'e date of s&$' o$$&rren$e, t'e s& Ge$t e2ent or a$tion is $&red, re"eased, dis$'arged, dismissed, onded against or satisfied* A* (AN0@s RIGHTS AND REMEDIES* A*) Rig'ts and -o!ers* If an E2ent of Defa&"t s'a"" 'a2e o$$&rred and not een $&red or !ai2ed in a$$ordan$e !it' t'e terms 'ereof, (an; s'a"" 'a2e t'e fo""o!ing rig'ts and %o!ers and ma#, at its e"e$tion, !it'o&t noti$e of its e"e$tion and !it'o&t demand, do an# one or more of t'e fo""o!ing, a"" of !'i$' are a&t'oriDed # (orro!er7 (a) De$"are a"" O "igations immediate"# d&e and %a#a "e< ( ) /ease ad2an$ing mone# or e9tending $redit to or for t'e enefit of (orro!er &nder t'is Agreement< ($) Terminate t'is Agreement as to an# f&t&re "ia i"it# or o "igation of (an;, &t !it'o&t effe$ting (an;@s rig'ts and se$&rit# interest in t'e /o""atera" and !it'o&t effe$ting t'e O "igations< (d) 6it'o&t noti$e to or demand &%on (orro!er, (ro;erCDea"er or an# g&arantor, ma;e s&$' %a#ments and do s&$' a$ts as (an; $onsiders ne$essar# or reasona "e to %rote$t its se$&rit# interest in t'e /o""atera", to %a#, %&r$'ase, $ontest or $om%romise an# en$&m ran$e, $'arge or "ien !'i$' in t'e o%inion of (an; a%%ears to e %rior or s&%erior to (an;@s se$&rit# interest and to %a# a"" e9%enses in$&rred in $onne$tion t'ere!it'< (e) E9er$ise a"" rig'ts &nder t'e Se$&rit# Agreement, in$"&ding, !it'o&t "imitation, t'e rig't to fore$"ose on t'e /o""atera"< and (f) S& Ge$t to Se$tion A*4, $o""e$t from t'e /o""atera" and (orro!er a"" (an; E9%enses in$&rred in $onne$tion !it' (an;@s enfor$ement and e9er$ise of an# of (an;@s rig'ts and remedies as 'erein %ro2ided, !'et'er or not s&it is $ommen$ed # (an;* (g) Immediate"# &%on demand, ins%e$t, re2ie!, a&dit, %'oto$o%# or d&%"i$ate (orro!er@s (oo;s re"ated to a"" or an# %ortion of t'e /o""atera"* A*3 Remedies /&m&"ati2e* T'e remedies of (an;, as %ro2ided 'erein or in t'e Se$&rit# Agreement or in t'e (ro;erCDea"er Se$&rit# Agreement, s'a"" e $&m&"ati2e and $on$&rrent, and ma# e %&rs&ed sing&"ar"#, s&$$essi2e"# or toget'er, at t'e so"e dis$retion of (an;, and ma# e e9er$ised as often as o$$asion t'erefor s'a"" arise* No a$t of

omission or $ommission # (an;, in$"&ding s%e$ifi$a""# an# fai"&re to e9er$ise an# rig't, remed# or re$o&rse, s'a"" e deemed to e a !ai2er or re"ease of t'e same, s&$' !ai2er or re"ease to e effe$ted on"# t'ro&g' a !ritten do$&ment e9e$&ted # (an; and t'en on"# to t'e e9tent s%e$ifi$a""# re$ited t'erein* A !ai2er or re"ease !it' referen$e to an# one e2ent s'a"" not e $onstr&ed as $ontin&ing, as a ar to, or as a !ai2er or re"ease of, an# s& se8&ent rig't, remed# or $o&rse as to a s& se8&ent e2ent* A*4 NonCRe$o&rse Lia i"it#* (a) E9$e%t as set fort' in s& se$tion ( ) of t'is Se$tion, a"" "ia i"it# of (orro!er &nder t'is Agreement s'a"" e "imited to t'e /o""atera", and (an; agrees t'at it !i"" "oo; so"e"# to s&$' /o""atera" and t'at (orro!er s'a"" not e "ia "e to (an; for an# amo&nts %a#a "e 'ere&nder* ( ) Not!it'standing s& se$tion (a) a o2e, (orro!er s'a"" e "ia "e to (an; for t'e 2a"&e of an# item of /o""atera" or t'e %ro$eeds t'ereof (%"&s interest t'ereon at t'e rate s%e$ified in Se$tion 3 a o2e) (i) !'i$' (orro!er di2erts or misa%%"ies $ontrar# to t'e terms of t'is Agreement, or (ii) !'i$' is $om%romised, terminated, s&rrendered or red&$ed in 2a"&e # (orro!er $ontrar# to t'e terms of t'is Agreement, or (iii) to t'e e9tent t'at (orro!er interferes, !it', %re2ents or de"a#s (an;@s $o""e$tion or "i8&idation of s&$' item of /o""atera"* (orro!er s'a"" a"so e "ia "e to (an; for an# damages arising from an# fra&d in $onne$tion !it' t'is Agreement and an# ot'er tort $"aims arising in $onne$tion 'ere!it'* A*5 (an;@s Enfor$ement Rig't* (an; s'a"" 'a2e t'e a"" rig't and %o!er to enfor$e a"" rig'ts, %o!ers and remedies of (orro!er &nder t'e -&r$'ase Agreement* )1* 6AIVERS* )1*) A%%"i$ation of -a#ments* (orro!er !ai2es t'e rig't to dire$t t'e a%%"i$ation of an# and a"" %a#ments or $o""e$tions at an# time or times 'ereafter re$ei2ed # (an; on a$$o&nt of an# O "igations, and (orro!er agrees t'at (an; s'a"" 'a2e t'e $ontin&ing e9$"&si2e rig't to a%%"# and rea%%"# s&$' %a#ments or $o""e$tions to t'e O "igations in an# manner as (an; ma# deem ad2isa "e* Ho!e2er, (an; and (orro!er agree t'at a"" %a#ments or $o""e$tion &nder t'is Agreement s'a"" e a%%"ied to t'e O "igations* )1*3 Noti$es of Demand, Et$* In $onne$tion !it' t'is Agreement or an# ot'er Loan Do$&ment, (orro!er !ai2es demand, %rotest, noti$e of %rotest, noti$e of defa&"t or dis'onor, noti$e of %a#ment and non%a#ment, noti$e of an# defa&"t, non%a#ment at mat&rit#, re"ease, $om%romise, sett"ement, e9tension or rene!a" of an# or a"" $ommer$ia" %a%er, a$$o&nts, do$&ments, instr&ments, $'atte" %a%er, and g&aranties at an# time 'e"d # (an; on !'i$' (orro!er ma# in an# !a# e "ia "e* )1*4 /onfidentia"it# of A$$o&nting* (orro!er !ai2es t'e rig't to assert a $onfidentia" re"ations'i%, if an#, (orro!er ma# 'a2e !it' an# a$$o&nting firm and:or ser2i$e &rea& in $onne$tion !it' an# information !'i$' (an; 'as a rig't to o tain or !'i$' (orro!er m&st %ro2ide in a$$ordan$e !it' t'is Agreement or an# ot'er Loan

Do$&ment, and agrees t'at (an; ma# $onta$t dire$t"# an# s&$' a$$o&nting firm and:or ser2i$e &rea& in order to 2erif# s&$' information* )1*5 Enfor$ement* (orro!er 'ere # !ai2es an# rig't to re8&ire (an; (i) to %ro$eed against an# %erson, (ii) to e9'a&st an# /o""atera", or (iii) to %&rs&e an# remed# in (an;@s %o!er in an# order or !'atsoe2er* (an; s'a"" not e re8&ired to ta;e an# a$tion to %reser2e rig'ts against %rior %arties !it' res%e$t to an# of t'e /o""atera"* (orro!er !ai2es t'e rig't to %"ead an# stat&te of "imitations or an# defense to t'e %ersona" "ia i"it# of (orro!er as a defense to (an;@s e9er$ise of an# rig't or remed# 'ere&nder* )1*B Re"ease of T'ird -arties* In $onne$tion !it' t'is Agreement or an# ot'er Loan Do$&ment, (orro!er 'ere # !ai2es an# rig't or defense it ma# no! or 'ereafter 'a2e ased &%on (i) (an;@s re"ease of an# %art# !'o ma# e o "igated to (an;, (ii) (an;@s re"ease or im%airment of an# $o""atera" for t'e O "igations< and (iii) t'e modifi$ation or e9tension of t'e O "igations* ))* MIS/ELLANEO.S* ))*) Ta9es and Ot'er E9%enses Regarding t'e /o""atera"* If (orro!er fai"s to %a# %rom%t"# !'en d&e to an# %erson or entit#, monies !'i$' (orro!er is re8&ired to %a# # reason of an# %ro2ision in t'is Agreement, (an; ma#, &t need not, %a# t'e same and $'arge (orro!er@s a$$o&nt t'erefor, and (orro!er s'a"" %rom%t"# reim &rse (an; t'erefor* A"" s&$' s&ms s'a"" e (an; E9%enses 'ere&nder* An# %a#ments made # (an; s'a"" not $onstit&te7 (a) an agreement # (an; to ma;e simi"ar %a#ments in t'e f&t&re, or ( ) a !ai2er # (an; of an# defa&"t &nder t'is Agreement* (an; need not in8&ire as to, or $ontest t'e 2a"idit# of, an# s&$' e9%ense, ta9, se$&rit# interest, en$&m ran$e or "ien and t'e re$ei%t of t'e &s&a" offi$ia" noti$e for t'e %a#ment t'ereof s'a"" e $on$"&si2e e2iden$e t'at t'e same !as 2a"id"# d&e and o!ing* ))*3 Noti$es* An# noti$e, demand or re8&est re8&ired 'ere&nder s'a"" e gi2en in !riting (at t'e addresses set fort' e"o!) # an# of t'e fo""o!ing means7 (a) %ersona" ser2i$e< ( ) e"e$troni$ $omm&ni$ation, !'et'er # te"e9, te"egram or te"e$o%#ing< ($) o2ernig't $o&rier< or (d) registered or $ertified, first $"ass .*S* mai", ret&rn re$ei%t re8&ested* T* *rr*1'r9 T'omas 6eise" -artners Gro&% LL/ One Montgomer# Street, S&ite 4E11 San ,ran$is$o, /A A5)15 Attn7 Ro ert 0* 6est, /*,*O* ,a9 No*7 5)BC4+5CBA+) T* an:9

,irst Re%& "i$ (an; ))) -ine Street San ,ran$is$o, /A A5))) Attn7 Ed!ard >* Do rans;i, Es8* Genera" /o&nse" ,a9 No*7 5)BC4A3C)5)4 S&$' addresses ma# e $'anged # noti$e to t'e ot'er %arties gi2en in t'e same manner as a o2e %ro2ided* An# noti$e, demand or re8&est sent %&rs&ant to eit'er s& se$tion (a) or ( ), a o2e, s'a"" e deemed re$ei2ed &%on s&$' %ersona" ser2i$e or &%on dis%at$' # e"e$troni$ means* An# noti$e, demand or re8&est sent %&rs&ant to s& se$tion ($), a o2e,

s'a"" e deemed re$ei2ed on t'e &siness da# immediate"# fo""o!ing de%osit !it' t'e o2ernig't $o&rier, and, if sent %&rs&ant to s& se$tion (d), a o2e, s'a"" e deemed re$ei2ed fort#Ceig't (5F) 'o&rs fo""o!ing de%osit into t'e .*S* mai"* ))*4 Destr&$tion of (orro!er@s Do$&ments* An# do$&ments, s$'ed&"es, in2oi$es or ot'er %a%ers de"i2ered to (an; in $onne$tion !it' t'is Agreement or an# ot'er Loan Do$&ment ma# e destro#ed or ot'er!ise dis%osed of # (an; si9 (+) mont's after t'e# are de"i2ered to or re$ei2ed # (an; &n"ess (orro!er does re8&est, in !riting, t'e ret&rn of t'e said do$&ments, s$'ed&"e, in2oi$es or ot'er %a%ers and ma;es arrangements, at (orro!er@s e9%ense, for t'eir ret&rn* ))*5 /'oi$e of La!* T'e 2a"idit# of t'is Agreement, its $onstr&$tion, inter%retation and enfor$ement, and t'e rig'ts of t'e %arties 'ere&nder and $on$erning t'e /o""atera", s'a"" e determined &nder, go2erned # and $onstr&ed in a$$ordan$e !it' t'e "a!s of t'e State of /a"ifornia* T'e %arties agree t'at a"" a$tions or %ro$eedings arising in $onne$tion !it' t'is Agreement s'a"" e tried and "itigated on"# in t'e state $o&rts "o$ated in t'e /o&nt# of San ,ran$is$o, State of /a"ifornia, or t'e /o&nt# of Santa /"ara, State of /a"ifornia, or t'e federa" $o&rts "o$ated in t'e Nort'ern Distri$t of /a"ifornia* (orro!er !ai2es an# rig't (orro!er ma# 'a2e to assert t'e do$trine of forum non-conveniens or to o Ge$t to s&$' 2en&e and 'ere # $onsents to an# $o&rtCordered re"ief* ))*B Attorne#s@ ,ees* (orro!er s'a"" reim &rse (an; for a"" reasona "e $osts and e9%enses, in$"&ding !it'o&t "imitation reasona "e attorne#s@ fees $osts and dis &rsements (and fees and dis &rsements of (an;@s inC'o&se $o&nse") ($o""e$ti2e"# t'e ",ees and /osts") e9%ended or in$&rred # (an; in an# ar itration, mediation, G&di$ia" referen$e, "ega" a$tion, "ega" %ro$eeding or ot'er!ise in $onne$tion !it' (a) t'e amendment and enfor$ement of t'is Agreement, in$"&ding, !it'o&t "imitation, fees and $osts in$&rred in $onne$tion !it' an# !or;o&t, attem%ted !or;o&t, and:or in $onne$tion !it' t'e rendering of "ega" ad2i$e as to (an;@s rig'ts, remedies and o "igations &nder t'is Agreement an# Loan Do$&ments, or t'e -&r$'ase Agreements, ( ) $o""e$ting an# s&m !'i$' e$omes d&e (an; &nder t'is Agreement or an# Loan Do$&ment, ($) an# %ro$eeding, or an# a%%ea", or (d) t'e %rote$tion, %reser2ation of enfor$ement of an# rig'ts of (an; &nder t'is Agreement or an# Loan Do$&ment or t'e -&r$'ase Agreement* ,ees and /osts s'a"" in$"&de, !it'o&t "imitation, attorne#s fees and $osts in$&rred in $onne$tion !it' t'e fo""o!ing7 ()) $ontem%t %ro$eedings< (3) dis$o2er#< (4) an# motion, ad2ersar# %ro$eeding, $ontested matter, $onfirmation or o%%osition to %"an of reorganiDation or an# ot'er a$ti2it# of an# ;ind in $onne$tion !it' a an;r&%t$# $ase or re"ating to an# %etition &nder Tit"e )) of t'e .nited States /ode< (5) garnis'ment, "e2#, and de tor and t'ird %art# e9aminations< and (B) %ostG&dgment motions and %ro$eedings of an# ;ind, in$"&ding !it'o&t "imitation, an# a$ti2it# ta;en to $o""e$tion or enfor$e an# G&dgment* ))*+ Agreement (inding, Assignment* T'is Agreement s'a"" e inding and deemed effe$ti2e !'en e9e$&ted # (orro!er and a$$e%ted and e9e$&ted # (an;* T'is Agreement s'a"" ind and in&re to t'e enefit of t'e res%e$ti2e s&$$essors and assigns of ea$' of t'e %arties< %ro2ided, 'o!e2er, t'at (orro!er ma# not assign t'is Agreement or an# rig'ts 'ere&nder !it'o&t (an;@s %rior !ritten $onsent and an# %ro'i ited assignment

s'a"" e a so"&te"# 2oid* No $onsent to an assignment # (an; s'a"" re"ease (orro!er or an# g&arantor from t'eir o "igations to (an;* (an; ma# assign t'is Agreement and its rig'ts and d&ties 'ere&nder !it' notifi$ation to (orro!er* (an; reser2es t'e rig't to se"", assign, transfer, negotiate or grant %arti$i%ations in a"" or an# %art of, or an# interest in, (an;@s rig'ts and enefits 'ere&nder* In $onne$tion t'ere!it', (an; ma# dis$"ose a"" do$&ments and information !'i$' (an; no! 'as or 'ereafter ma# 'a2e re"ating to (orro!er or (orro!er@s &siness* ))*E Loan Sa"es And -arti$i%ations< Dis$"os&re Of Information* (orro!er agrees t'at (an; ma# e"e$t, at an# time, to se"", assign or grant %arti$i%ations in a"" or an# %ortion of its rig'ts and o "igations &nder t'e Loan Do$&ments, and t'at an# s&$' sa"e, assignment or %arti$i%ation ma# e to one or more finan$ia" instit&tions, %ri2ate in2estors, and:or ot'er entities, at (an;@s so"e dis$retion ("-arti$i%ant")* (orro!er f&rt'er agrees t'at (an; ma# disseminate to an# s&$' a$t&a" or %otentia" %&r$'aser(s), assignee(s) or %arti$i%ant(s) a"" do$&ments and information (in$"&ding, !it'o&t "imitation, a"" finan$ia" information) !'i$' 'as een or is 'ereafter %ro2ided to or ;no!n to (an; !it' res%e$t to7 (a) t'e /o""atera"< ( ) an# %art# $onne$ted !it' t'e Loan (in$"&ding, !it'o&t "imitation, t'e (orro!er, an# %artner of (orro!er, an# mem er of (orro!er, an# G&arantor)< and:or ($) an# "ending re"ations'i% ot'er t'an t'e Loan !'i$' (an; ma# 'a2e !it' an# %art# $onne$ted !it' t'e Loan* In t'e e2ent of an# s&$' sa"e, assignment or %arti$i%ation, (an; and t'e %arties to s&$' transa$tion s'a"" s'are in t'e rig'ts and o "igations of (an; as set fort' in t'e Loan Do$&ments on"# as and to t'e e9tent t'e# agree among t'emse"2es* In $onne$tion !it' an# s&$' sa"e, assignment or %arti$i%ation, (orro!er f&rt'er agrees t'at t'e Loan Do$&ments s'a"" e s&ffi$ient e2iden$e of t'e o "igations of (orro!er to ea$' %&r$'aser, assignee, or %arti$i%ant, and &%on !ritten re8&est # (an;, (orro!er s'a"" enter into s&$' amendments or modifi$ations to t'e Loan Do$&ments as ma# e reasona "# re8&ired in order to e2iden$e an# s&$' sa"e, assignment or %arti$i%ation* An# indemnit# o "igations of orro!er &nder t'e Loan Do$&ments s'a"" a"so a%%"# !it' res%e$t to m# %&r$'aser, assignee or %arti$i%ant* (a) Lead Lender* Not!it'standing an# ot'er %ro2ision of t'is Agreement to t'e $ontrar#, (an; s'a"" not se"", transfer, assign or grant %arti$i%ations in t'e Loan or t'e Loan Do$&ments &n"ess (an; remains t'e %rin$i%a" or ""ead" "ender t'erefor* ( ) /onsent to Dis$"os&re* In $onne$tion !it' an# %otentia" %arti$i%ation or s#ndi$ation, (an; s'a"" dis$"ose finan$ia" information or ot'er sensiti2e information regarding (orro!er on"# if7 (i) (orro!er $onsents (!'i$' $onsent !i"" not e &nreasona "# !it''e"d) and (ii) t'e re$i%ient of s&$' information agrees in !riting to ;ee% a"" information re$ei2ed from (an; and (orro!er $onfidentia"* ))*F Arti$"e and Se$tion Headings* Arti$"e and Se$tion 'eadings and arti$"e and Se$tion n&m ers 'a2e een set fort' 'erein for $on2enien$e on"#* .n"ess t'e $ontrar# is $om%e""ed # t'e $onte9t, e2er#t'ing $ontained in ea$' arti$"e and Se$tion a%%"ies e8&a""# to t'is entire Agreement*

))*A /onstr&$tion* Neit'er t'is Agreement nor an# &n$ertaint# or am ig&it# 'erein s'a"" e $onstr&ed or reso"2ed against (an; or (orro!er, !'et'er &nder an# r&"e of $onstr&$tion or ot'er!ise* On t'e $ontrar#, t'is Agreement 'as een re2ie!ed # a"" %arties and s'a"" e $onstr&ed and inter%reted a$$ording to t'e ordinar# meaning of t'e !ords &sed so as to fair"# a$$om%"is' t'e %&r%oses and intentions of a"" %arties 'ereto* ))*)1 Se2era i"it#* Ea$' %ro2ision of t'is Agreement s'a"" e se2era "e from e2er# ot'er %ro2ision of t'is Agreement for t'e %&r%ose of determining t'e "ega" enfor$ea i"it# of an# s%e$ifi$ %ro2ision* ))*)) Integration* T'is Agreement $annot e $'anged or terminated ora""#* No modifi$ation or amendment to t'is Agreement s'a"" e effe$ti2e &n"ess in !riting, e9e$&ted # (an;* E9$e%t as to $&rrent"# e9isting o "igations of (orro!er to (an;, a"" %rior agreements, &nderstandings, re%resentations, !arranties, and negotiations et!een t'e %arties, if an#, are merged into t'is Agreement* ))*)3 6ai2er of >&r# Tria"* (AN0 AND (ORRO6ER HERE(I VOL.NTARILI .N/ONDITIONALLI AND IRREVO/A(LI 6AIVE, TO THE EKTENT -ERMITTED (I A--LI/A(LE LA6, TRIAL (I >.RI IN ANI LITIGATION AR(ITRATION OR -RO/EEDING IN A STATE OR ,EDERAL /O.RT 6TH RES-E/T TO, IN /ONNE/TION 6ITH, OR ARISING O.T O, THIS AGREEMENT OR THE O(LIGATIONS, OR ANI INSTR.MENT OR DO/.MENT DELIVERED IN /ONNE/TION 6ITH THIS AGREEMENT OR THE TRANSA/TIONS /ONTEM-LATED HERE(I, OR THE VALIDITI, -ROTE/TION, INTER-RETATION, /OLLE/TION OR EN,OR/EMENT THEREO,, OR ANI OTHER /LAIM OR DIS-.TE HO6SOEVER ARISING (IN/L.DING TORT AND /LAIMS ,OR (REA/H O, D.TI), (ET6EEN (AN0 AND (ORRO6ER* R6 E6

Initia"s Initia"s LREMAINDER O, -AGE INTENTIONALLI LE,T (LAN0M

IN 6ITNESS 6HEREO,, (orro!er and (an; 'a2e e9e$&ted and de"i2ered t'is Agreement on t'e date first 'ereina o2e !ritten* (ORRO6ER7 THOMAS 6EISEL -ARTNERS GRO.- LL/, a De"a!are "imited "ia i"it# $om%an# (#7 :s: Ro ert 6est Its7 /'ief ,inan$ia" Offi$er (AN07 ,IRST RE-.(LI/ (AN0, a Ne2ada an;ing $or%oration (#7 :s: E"ise 6en Its7 E9e$&ti2e Managing Dire$tor

FIRST MODIFICATION AGREEMENT "N'1 T'r;+& T'is ,irst Modifi$ation Agreement (t'e "Agreement"), dated as of >&"# 31, 311B for referen$e %&r%oses on"#, is made # and et!een T'omas 6eise" -artners Gro&% LL/, a De"a!are "imited "ia i"it# $om%an# ("(orro!er"), and ,irst Re%& "i$ (an; (t'e "(an;"), !it' referen$e to t'e fo""o!ing fa$ts7 A* T'e (an; 'as %re2io&s"# made a "oan in t'e origina" %rin$i%a" amo&nt of Ten Mi""ion and 11:)11 Do""ars (H)1,111,111*11) (t'e "Loan") to (orro!er* (* T'e Loan arises o&t of t'at $ertain Note and Re2o"2ing Loan Agreement dated >an&ar# B, 3115 (t'e "Agreement" or "Note") e9e$&ted # (orro!er and t'e (an;* A"" terms !it' an initia" $a%ita" "etter t'at are &sed &t not defined in t'is Agreement s'a"" 'a2e t'e res%e$ti2e meanings gi2en to s&$' terms in t'e Agreement* /* (orro!er 'as re8&ested t'at t'e (an; modif# $ertain of t'e Loan Do$&ments on t'e terms and $onditions of t'is Agreement, and t'e (an; is !i""ing to do so* THERE,ORE, for 2a"&a "e $onsideration, t'e (an; and (orro!er agree as fo""o!s7 )* Modifi$ation of Loan Do$&ments* )*) Interest Rate* ,rom t'e E9isting Termination Date &nti" t'e Ne! Termination Date, interest on t'e &n%aid %rin$i%a" a"an$e of t'e Note s'a"" a$$r&e at t'e fo""o!ing interest rate or interest rates, s& Ge$t to t'e terms of t'e Loan Do$&ments7 No $'ange* )*3 -a#ment of -rin$i%a" and Interest* ,rom and after t'e E9isting Termination Date to t'e Ne! Termination Date, %rin$i%a" and interest s'a"" e %a#a "e as fo""o!s7 No $'ange* )*4 Ot'er Modifi$ations* T'e Loan Do$&ments are f&rt'er modified in t'e fo""o!ing res%e$ts7 (a) T'e Termination Date on Se$tion 3*)( ) of t'e Agreement is 'ere # e9tended from "Ma# )1, 311B" to "No2em er )1, 311+*" ( ) (orro!er s'a"" %a# to t'e (an;, &%on e9e$&tion of t'is Agreement, a fee of H3,B11*11, !'i$' fee s'a"" e de ited from (orro!er@s a$$o&nt n&m er A))1113B3)3 'e"d !it' (an;* )*5 Late /'arges:After Defa&"t Interest Rate* T'e "ate $'arges %ro2ided for in t'e Note s'a"" $ontin&e to a%%"# to a"" insta""ment %a#ments &nder

Se$tion )*4 a o2e, and t'e after defa&"t interest rate set fort' in t'e Note s'a"" $ontin&e to a%%"# after t'e o$$&rren$e of an E2ent of Defa&"t* 3* Re%resentations and 6arranties* As a materia" ind&$ement to t'e (an;@s e9e$&tion of t'is Agreement, (orro!er ma;es t'e fo""o!ing !arranties and re%resentations to t'e (an;7 3*) A&t'orit#* (orro!er 'as t'e f&"" %o!er and a&t'orit# to enter into and %erform a"" of its o "igations &nder t'is Agreement, and t'is Agreement, !'en e9e$&ted # t'e -ersons signing t'is Agreement on e'a"f of (orro!er, s'a"" $onstit&te a "ega", 2a"id and inding o "igation of (orro!er enfor$ea "e in a$$ordan$e !it' its terms* T'e -ersons e9e$&ting t'is Agreement on e'a"f of (orro!er 'a2e een d&"# a&t'oriDed to e9e$&te t'is Agreement # a"" re8&isite a$tion on t'e %art of (orro!er* 3*3 ,inan$ia" Statements* A"" statements res%e$ting t'e finan$ia" $ondition of (orro!er, an# G&arantors, and an# ot'er -ersons !'i$' 'a2e een f&rnis'ed to t'e (an; (a) are a$$&rate and $om%"ete in a"" res%e$ts as of t'e dates a%%earing t'ereon< ( ) %resent fair"# t'e finan$ia" $ondition and res&"ts of o%erations of t'e -erson to !'om t'e statement a%%"ies as of t'e date and for t'e %eriod s'o!n on s&$' statement< and ($) dis$"ose a"" s&its, a$tions, %ro$eedings and $ontingent "ia i"ities affe$ting t'e -erson to !'om t'e finan$ia" statement a%%"ies* 3*4 Ot'er En$&m ran$es* T'ere are no en$&m ran$es or "iens affe$ting a"" or %art of t'e /o""atera", e9$e%t for t'e "iens and se$&rit# interests in fa2or of t'e (an; and t'e -ermitted Liens* 4* No Modifi$ation of Loan Do$&ments* Not'ing $ontained in t'is Agreement s'a"" e $onstr&ed to o "igate t'e (an; to e9tend t'e time for %a#ment of t'e Note or ot'er!ise modif# an# of t'e Loan Do$&ments in an# res%e$t, e9$e%t as e9%ress"# set fort' in t'is Agreement* 5* No 6ai2er* No !ai2er # t'e (an; of an# of its rig'ts or remedies in $onne$tion !it' t'e Loan s'a"" e effe$ti2e &n"ess s&$' !ai2er is in !riting and signed # t'e (an;* T'e (an;@s rig'ts and remedies &nder t'is Agreement are $&m&"ati2e !it' and in addition to an# and a"" ot'er "ega" and e8&ita "e rig'ts and remedies !'i$' t'e (an; ma# 'a2e in $onne$tion !it' t'e Loan* B* Entire Agreement* T'is Agreement and t'e ot'er Loan Do$&ments $ontain t'e entire agreement and &nderstanding among t'e %arties $on$erning t'e matters $o2ered # t'is Agreement and t'e ot'er Loan Do$&ments and s&%ersede a"" %rior and $ontem%oraneo&s agreements, statements, &nderstandings, terms, $onditions, negotiations, re%resentations and !arranties, !'et'er !ritten or ora", made # t'e (an; or (orro!er $on$erning t'e matters $o2ered # t'is Agreement and t'e ot'er Loan Do$&ments* +* Modifi$ations* T'is Agreement ma# e modified on"# # a !ritten agreement signed # (orro!er and t'e (an;*

E* Des$ri%ti2e Headings< Inter%retation* T'e 'eadings to se$tions of t'is Agreement are for $on2enient referen$e on"# and s'a"" not e &sed in inter%reting t'is Agreement* ,or %&r%oses of t'is Agreement, t'e term "in$"&ding" s'a"" e deemed to mean "in$"&ding !it'o&t "imitation*" F* Attorne#s@ ,ees* (orro!er s'a"" %a# a"" $osts and e9%enses, in$"&ding attorne#s@ fees and $osts, in$&rred # t'e (an; in enfor$ing an# of t'e terms of t'is Agreement or t'e ot'er Loan Do$&ments, !'et'er or not an# "ega" %ro$eedings are instit&ted # t'e (an;* 6it'o&t "imiting t'e genera"it# of t'e immediate"# %re$eding senten$e, &%on t'e (an;@s demand, (orro!er s'a"" reim &rse t'e (an; for a"" $osts and e9%enses, in$"&ding attorne#s@ fees and $osts, !'i$' are in$&rred # t'e (an; in $onne$tion !it' an# a$tion # t'e (an; for re"ief from t'e a&tomati$ sta# arising &nder (an;r&%t$# /ode Se$tion 4+3(e), )) .*S*/* 4F3(a)* A* Indemnifi$ation* (orro!er s'a"" indemnif# and 'o"d t'e (an; and its offi$ers, dire$tors, agents, em%"o#ees, re%resentati2es, s'are'o"ders, affi"iates, %arti$i%ating an;s, s&$$essors and assigns 'arm"ess from and against an# and a"" $"aims, demands, damages, "ia i"ities, a$tions, $a&ses of a$tion, s&its, $osts and e9%enses, in$"&ding attorne#s@ fees and $osts, dire$t"# or indire$t"# arising o&t of or re"ating to an# $ommission or ro;erage fee or $'arge $"aimed to e d&e or o!ing to an# %erson or entit# in $onne$tion !it' t'e transa$tions $ontem%"ated # t'is Agreement as a res&"t of an# a$t or agreement made # t'e (orro!er* )1* No T'ird -art# (enefi$iaries* T'is Agreement is entered into for t'e so"e enefit of t'e (an; and (orro!er, and no ot'er %art# s'a"" 'a2e an# rig't of a$tion &nder t'is Agreement* ))* NO /LAIMS* (ORRO6ER A/0NO6LEDGES AND AGREES THAT (A) IT HAS NO O,,SETS OR DED./TIONS O, ANI 0IND AGAINST ANI OR ALL O, THE O(LIGATIONS< AND (() IT HAS NO DE,ENSES OR OTHER /LAIMS OR /A.SES O, A/TION O, ANI 0IND AGAINST THE (AN0 IN /ONNE/TION 6ITH THE LOAN OR THE /OLLATERAL* )3* ,ees* .%on t'e (an;@s re8&est, (orro!er s'a"" %a# to t'e (an; a"" $osts, $'arges, and e9%enses %aid or in$&rred # t'e (an; in $onne$tion !it' t'e %re%aration of t'is Agreement and t'e transa$tions $ontem%"ated 'ere #, in$"&ding (a) reasona "e attorne#s@ fees and $osts, fi"ing fees, re$ording $'arges, and do$&ment %re%aration fees< and ( ) if t'e Loan is se$&red # an# rea" %ro%ert#, tit"e ins&ran$e $osts and $'arges (in$"&ding t'e $ost of a"" tit"e ins&ran$e endorsements !'i$' t'e (an; determines to e ne$essar# to ins&re t'e $ontin&ing %riorit# of an# deed of tr&st or ot'er rea" %ro%ert# se$&rit# instr&ment se$&ring t'e Loan fo""o!ing t'e e9e$&tion of t'is Agreement, and t'e iss&an$e of s&$' endorsements s'a"" $onstit&te a $ondition to t'e effe$ti2eness of t'is Agreement)* )4* /ontin&ing Effe$t of Do$&ments* T'e Note and ot'er Loan Do$&ments, as modified # t'is Agreement, s'a"" remain in f&"" for$e and effe$t in a$$ordan$e !it' t'eir terms and are affirmed # (orro!er*

14. Time of the Essence. Time is of the essence with respect to each provision of this Agreement. 15. Counterparts; Successors. This Agreement may be execute in counterparts! each of which sha"" constitute an origina"! an a"" of which together sha"" constitute one an the same agreement. This Agreement sha"" be bin ing upon an sha"" inure to the benefit of the parties an their respective permitte successors an assigns. 1#. $E%&E' () (*$$*'E$ '&T+ &,-E.E,-E,T C*/,SE0. (*$$*'E$ AC1,*'0E-2ES A,- A2$EES T+AT 3A4 &T +AS CA$E5/00) $EA- A00 *5 T+E TE$6S A,- C*,-&T&*,S *5 T+&S A2$EE6E,T A,- T+E -*C/6E,TS C*,TE6.0ATE- () T+&S A2$EE6E,T A,- /,-E$STA,-S S/C+ TE$6S A,- C*,-&T&*,S; A,- 3(4 &T +AS E,TE$E- &,T* T+&S A2$EE6E,T 5$EE0) A,- %*0/,TA$&0)! A5TE$ +A%&,2 C*,S/0TE- '&T+ &TS &,-E.E,-E,T 0E2A0 C*/,SE0 *$ A5TE$ +A%&,2 +A- A, *..*$T/,&T) T* C*,S/0T '&T+ &TS &,-E.E,-E,T 0E2A0 C*/,SE0. (*$$*'E$7 Thomas 'eise" .artners 2roup 00C! a -e"aware "imite "iabi"ity company

(#7

:s: Ro ert 6est

Name7 RO(ERT 6EST Tit"e7 /,O (AN07 ,irst Re%& "i$ (an; (#7 :s: E"ise 6en Name7 ELISE 6EN Tit"e7 EKE/.TIVE MANAGING DIRE/TOR