Exhibit 10.5

 

ACKNOWLEDGMENT AND AGREEMENT

 

Diamond Jo Worth, LLC, a Delaware limited liability company (the “Pledged
Company”) hereby (i) acknowledges receipt of a fully executed copy of the
foregoing Stock Pledge Agreement, dated as of June 16, 2004, as amended by that
certain First Amendment to Pledge Agreement dated as of November 10, 2004 and as
supplemented by that certain Stock Pledge Agreement Supplement dated as of even
date herewith (the “Supplement”) (as amended, restated, supplemented or
otherwise modified from time to time, the “Agreement”; capitalized terms used
herein without definition have the meanings provided therein), made by the
Pledgors in favor of Wells Fargo Foothill, Inc., as Agent; (ii) consents and
agrees to the pledge by the Pledgors of the Pledged Collateral pursuant to the
Agreement and to all of the other terms and provisions of the Agreement; (iii)
represents and warrants that it has no knowledge, prior to giving effect to this
acknowledgment, of any lien, restriction or adverse claim of any kind to which
any interests of the Pledgors or the Agent is subject; (iv) irrevocably waives
any breach or default under the Operating Agreement as a result of the
execution, delivery and performance by the Pledgors and the Agent of the
Agreement; (v) advises the Pledgors and the Agent that a pledge of the Pledged
Interests set forth on Schedule 1 to the Supplement has been registered on the
books of the Pledged Company and in the name of the Agent and agrees to so
register any additional interests pledged pursuant to the Agreement, and (vi)
consents and agrees to any transfer of the Pledged Collateral pursuant to
Section 5 of the Agreement.

IN WITNESS WHEREOF, a duly authorized officer of the undersigned has executed
and delivered this Acknowledgment and Agreement this 12 day of July, 2005.

 

DIAMOND JO WORTH, LLC

 

 

 

By:

/s/ Natalie A. Schramm

 

Name:

Natalie A. Schramm

 

Title:

Chief Financial Officer

 

 

 

 

WITNESSED:

 

 

 

By:

/s/ Karen M. Beetem

 

Name:

Karen M. Beetem

 

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