Exhibit 10.1
 
CONFORMED AS EXECUTED
 
THIRD AMENDMENT
 
THIRD AMENDMENT (this “Amendment”), dated as of December 2, 2002, among
RESOLUTION PERFORMANCE PRODUCTS INC., a Delaware corporation (“Holdings”),
RESOLUTION PERFORMANCE PRODUCTS LLC, a Delaware limited liability company (“RPP
USA”), RPP CAPITAL CORPORATION, a Delaware corporation (“US Finance Corp.” and,
together with RPP USA, the “US Borrowers” and each, a “US Borrower”), RESOLUTION
EUROPE B.V. (formerly known as Resolution Nederland B.V.), a company organized
under the laws of The Netherlands (the “Dutch Borrower” and, together with the
US Borrowers, the “Borrowers” and each, a “Borrower”), the lenders from time to
time party to the Credit Agreement referred to below (each, a “Lender” and,
collectively, the “Lenders”), and MORGAN STANLEY SENIOR FUNDING, INC., as
Administrative Agent (in such capacity, the “Administrative Agent”). All
capitalized terms used herein and not otherwise defined herein shall have the
respective meanings provided such terms in the Credit Agreement referred to
below.
 
W I T N E S S E T H:
 
WHEREAS, Holdings, the Borrowers, the Lenders and the Administrative Agent are
parties to a Credit Agreement, dated as of November 14, 2000 (as amended,
modified or supplemented to, but not including, the date hereof, the “Credit
Agreement”); and
 
WHEREAS, subject to the terms and conditions of this Amendment, Holdings, the
Borrowers, the Lenders and the Administrative Agent agree as follows;
 
NOW, THEREFORE, it is agreed:
 
1.    On the Third Amendment Effective Date (as defined below), the Total
Revolving Loan Commitment shall be permanently reduced to $100,000,000 (as such
amount may be further reduced from time to time in accordance with the terms of
the Credit Agreement), with such reduction to be applied ratable to each RL
Lender’s Revolving Loan Commitment based on its RL Percentage.
 
2.    Section 9.04(g) of the Credit Agreement is hereby restated in its entirety
as follows:
 
“(g)  unsecured Indebtedness of the US Borrowers and any other US Credit Party
that is a Subsidiary Guarantor incurred under the Senior Subordinated Notes and
the other Senior Subordinated Note Documents (x) issued on the Initial Borrowing
Date in an aggregate principal amount not to exceed $200,000,000 less the amount
of any repayments of principal thereof after the Initial Borrowing Date, (y)
issued on November 14, 2001 in an aggregate principal amount not to exceed
$75,000,000 (for this purpose, exclusive of any premium or notional interest
paid on such Senior Subordinated Notes by the purchasers thereof) less the
amount of any repayments of principal thereof after November 14, 2001 and (z)
issued on or after the Third Amendment Effective Date in an aggregate principal
amount of not less than $50,000,000 (for this purpose, exclusive of any premium
or notional interest paid on such Senior Subordinated Notes by the purchasers
thereof) less the amount of any repayments of principal thereof after the Third

--------------------------------------------------------------------------------

 
Amendment Effective Date, provided that, in the case of any such Indebtedness
incurred under either clause (y) or (z) above, 100% of the Net Cash Proceeds
(for this purpose, inclusive of all premiums and notional interest paid on such
Senior Subordinated Notes by the purchasers thereof) therefrom shall,
notwithstanding the Applicable Prepayment Percentage and anything to the
contrary contained in the last sentence of Section 4.02(e), be applied as a
mandatory repayment of Term Loans on each date of such incurrence in accordance
with the requirements of Sections 4.02(i) and (j).”
 
3.    Section 9.09 of the Credit Agreement is hereby amended by deleting the
table appearing therein in its entirety and inserting the following new table in
lieu thereof:
 
“Fiscal Quarter Ending              

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  Ratio  

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December 31, 2002
 
1.40:1.0
March 31, 2003
 
1.40:1.0
June 30, 2003
 
1.40:1.0
September 30, 2003
 
1.40:1.0
December 31, 2003
 
1.40:1.0
March 31, 2004
 
1.55:1.0
June 30, 2004
 
1.55:1.0
September 30, 2004
 
1.55:1.0
December 31, 2004
 
1.55:1.0
March 31, 2005
 
1.70:1.0
June 30, 2005
 
1.70:1.0
September 30, 2005
 
1.70:1.0
December 31, 2005
 
1.70:1.0
March 31, 2006
 
1.90:1.0
June 30, 2006
 
1.90:1.0
September 30, 2006
 
1.90:1.0
December 31, 2006
 
2.00:1.0
March 31, 2007
 
2.00:1.0
June 30, 2007
 
2.00:1.0
September 30, 2007
 
2.00:1.0
December 31, 2007
 
2.00:1.0
March 31, 2008
 
2.00:1.0
Thereafter
 
2.25:1.0”

 
4.    Section 9.10 of the Credit Agreement is hereby amended by deleting the
table appearing therein in its entirety and inserting the following new table in
lieu thereof:
 
“Fiscal Quarter Ending              

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  Ratio  

--------------------------------------------------------------------------------

December 31, 2002
 
6.75:1.0
March 31, 2003
 
6.75:1.0
June 30, 2003
 
6.75:1.0
September 30, 2003
 
6.75:1.0
December 31, 2003
 
6.50:1.0

2

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March 31, 2004
 
6.50:1.0
June 30, 2004
 
6.50:1.0
September 30, 2004
 
6.50:1.0
December 31, 2004
 
6.25:1.0
March 31, 2005
 
5.20:1.0
June 30, 2005
 
5.15:1.0
September 30, 2005
 
5.10:1.0
December 31, 2005
 
5.00:1.0
March 31, 2006
 
4.95:1.0
June 30, 2006
 
4.90:1.0
September 30, 2006
 
4.85:1.0
December 31, 2006
 
4.75:1.0
March 31, 2007
 
4.50:1.0
June 30, 2007
 
4.50:1.0
September 30, 2007
 
4.50:1.0
December 31, 2007
 
4.50:1.0
March 31, 2008
 
4.50:1.0
Thereafter
 
4.50:1.0”

 
5.    Section 11 of the Credit Agreement is hereby amended by inserting the
following new definition in the appropriate alphabetical order:
 
“Third Amendment Effective Date” shall have the meaning provided in the Third
Amendment to this Agreement, dated as of December 2, 2002.
 
6.    Section 11 of the Credit Agreement is hereby further amended by inserting
the text “or 9.04(g)(z)” after the text “9.04(g)(y)” appearing in the
definitions of “Senior Subordinated Notes” and “Exchange Senior Subordinated
Notes” appearing in such Section 11.
 
7.    This Amendment shall become effective on the date (the “Third Amendment
Effective Date”) when (i) Holdings, each Borrower and the Required Lenders shall
have signed a counterpart hereof (whether the same or different counterparts)
and shall have delivered (including by way of facsimile transmission) the same
to the Administrative Agent at the Notice Office and (ii) the US Borrowers shall
have issued additional Senior Subordinated Notes in an aggregate principal
amount of at least $50,000,000 (it being understood that 100% of the Net Cash
Proceeds therefrom shall be applied on such date to repay outstanding Term Loans
in accordance with the proviso to clauses (y) and (z) of Section 9.04(g) of the
Credit Agreement (after giving effect to this Amendment)).
 
8.    In order to induce the Lenders to enter into this Amendment, RPP USA
hereby agrees that on the Third Amendment Effective Date, it shall pay to the
Administrative Agent for distribution to each Lender who has delivered an
executed counterpart hereof by 5:00 p.m. (New York City time) on December 9,
2002 a non-refundable cash fee (which fee shall be considered a Fee payable
pursuant to the Credit Agreement) in an amount equal to 12.5 basis points
(0.125%) of an amount equal to the sum of (x) the outstanding principal amount
of Term Loans of such Lender on such date (calculated after giving effect to the
prepayment of Term

3

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Loans contemplated in Section 7(ii) of this Amendment) plus (y) the Revolving
Loan Commitment of such Lender on such date (calculated after giving effect to
the reduction in the Revolving Loan Commitments of the RL Lenders pursuant to
Section 1 of this Amendment).
 
9.    In order to induce the Lenders to enter into this Amendment, Holdings and
each Borrower hereby represent and warrant that (i) no Default or Event of
Default exists on the Third Amendment Effective Date, both before and after
giving effect to this Amendment, and (ii) on the Third Amendment Effective Date,
both before and after giving effect to this Amendment, all representations and
warranties contained in the Credit Agreement and in the other Credit Documents
are true and correct in all material respects (it being understood that any
representation or warranty made as of a specific date shall be true and correct
in all material respects as of such specific date).
 
10.    This Amendment may be executed in any number of counterparts and by the
different parties hereto on separate counterparts, each of which counterparts
when executed and delivered shall be an original, but all of which shall
together constitute one and the same instrument. A complete set of counterparts
shall be delivered to Holdings, the US Borrowers, Lenders and the Administrative
Agent.
 
11.    THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF
NEW YORK.
 
12.    From and after the Third Amendment Effective Date, all references in the
Credit Agreement and each of the other Credit Documents to the Credit Agreement
shall be deemed to be references to the Credit Agreement as modified hereby.
 
13.    This Amendment is limited as specified and shall not constitute a
modification, acceptance or amendment of any other provision of the Credit
Agreement or any other Credit Document.
 
*    *    *

4

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IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this
Amendment to be duly executed and delivered as of the date first above written.
 
RESOLUTION PERFORMANCE
    PRODUCTS INC.
By:
 
/S/    MARVIN O. SCHLANGER        

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Title:    Chairman

 
 
 
RESOLUTION PERFORMANCE
    PRODUCTS LLC
By:
 
/S/    MARVIN O. SCHLANGER        

--------------------------------------------------------------------------------

   
Title:    Chairman

 
 
 
RPP CAPITAL CORPORATION
By:
 
/S/    MARVIN O. SCHLANGER        

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Title:    Chairman

 
 
 
RESOLUTION EUROPE B.V. (formerly known
    as Resolution Nederland B.V.)
By:
 
/S/    MARVIN O. SCHLANGER        

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Title:    Director

 
 

5

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MORGAN STANLEY SENIOR FUNDING
INC., as Administrative Agent
By:
 
/S/    HENRY F. D’ALESSANDRO        

--------------------------------------------------------------------------------

   
Title:    Executive Director

 
 
 
DUCHESS I CDO S.A.
By:
 
/S/    DAVID WILMOT        

--------------------------------------------------------------------------------

   
Title:    Director Duke Street Capital Debt Management Ltd on behalf of Duchess
I
CDO S.A.

 
 
 
CITICORP USA, Inc.
By:
 
/S/    MARK R. FLOYD        

--------------------------------------------------------------------------------

   
Title:    Vice President

 
 
 
OCTAGON INVESTMENT PARTNERS III, LTD., by Octagon Credit Investors, LLC as
Portfolio Manager
By:
 
/S/    MICHAEL B. NECHAMKIN        

--------------------------------------------------------------------------------

   
Title:    Portfolio Manager

 
 
 
OCTAGON INVESTMENT PARTNERS IV, LTD., by Octagon Credit Investors, LLC as
Collateral Manager
By:
 
/S/    MICHAEL B. NECHAMKIN        

--------------------------------------------------------------------------------

   
Title:    Portfolio Manager

 

6

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VENTURE CDO 2002, LIMITED
By its investment advisor, Barclays Capital Asset Management Limited,
By its sub-advisor, Barclays Bank PLC,
New York Branch
By:
 
/S/    MARTIN F. DAVEY        

--------------------------------------------------------------------------------

   
Title:    Director

 
 
 
VENTURE II CDO 2002, LIMITED
By its investment advisor, Barclays Bank PLC, New York Branch
By:
 
/S/    MARTIN F. DAVEY        

--------------------------------------------------------------------------------

   
Title:    Director

 
 
 
TEXTRON FINANCIAL CORPORATION
By:
 
/S/    MATTHEW J. COLGAN        

--------------------------------------------------------------------------------

   
Title:    Vice President

 
 
 
SIERRA CLO I
By:
 
/S/    JOHN M. CASPARIAN        

--------------------------------------------------------------------------------

   
Title:    Chief Operating Officer
             Centre Pacific LLC, Manager

 
 
 
ARES III CLO LTD.
By ARES CLO Management LLC, Investment Manager
By:
 
/S/    SETH J. BRUFSKY        

--------------------------------------------------------------------------------

   
Title:    Vice President

7

--------------------------------------------------------------------------------

 
ARES IV CLO LTD
By Ares CLO Management IV, L.P.,
Investment Manager
By Ares CLO GP IV, LLC, Its Managing Member
By:
 
/S/    SETH J. BRUFSKY      

--------------------------------------------------------------------------------

   
Title:    Vice President

 
 
ARES V CLO LTD
By Ares CLO Management V, L.P.,
Investment Manager
By Ares CLO GP V, LLC, Its Managing Member
By:
 
/S/    SETH J. BRUFSKY      

--------------------------------------------------------------------------------

   
Title:    Vice President

 
 
ARES VII CLO LTD
By Ares CLO Management VII, L.P.,
Investment Manager
By Ares CLO GP VII, LLC, Its Managing Member
By:
 
/S/    SETH J. BRUFSKY      

--------------------------------------------------------------------------------

   
Title:    Vice President

 
 
STANFIELD CLO LTD.
By Stanfield Capital Partners LLC as its Collateral Manager
By:
 
/S/    GREGORY L. SMITH

--------------------------------------------------------------------------------

   
Title:    Partner

 

8

--------------------------------------------------------------------------------

 
STANFIELD CLO LTD.
By Stanfield Capital Partners LLC as its Interim Asset Manager
By:
 
/S/    GREGORY L. SMITH

--------------------------------------------------------------------------------

   
Title:    Partner

 
 
STANFIELD QUATTRO CLO LTD.
By Stanfield Capital Partners LLC as its Collateral Manager
By:
 
/S/    GREGORY L. SMITH

--------------------------------------------------------------------------------

   
Title:    Partner

 
 
STANFIELD ARBITRAGE CLO LTD.
By Stanfield Capital Partners LLC as its Collateral Manager
By:
 
/S/    GREGORY L. SMITH

--------------------------------------------------------------------------------

   
Title:    Partner

 
 
AQUILAE CDO I S.A.
By:
 
/S/    JULIAN GREEN

--------------------------------------------------------------------------------

   
Title:    Associate Director

By:
 
/S/    WILLIAM NICOLL

--------------------------------------------------------------------------------

   
Title:    Associate Director
   
Henderson Global Investors Ltd. For and on behalf of Aquilae CDO I S.A.

 
 
JPMORGAN CHASE BANK
By:
 
/S/    PETER A. DEDOUSIS

--------------------------------------------------------------------------------

   
Title:    Managing Director

9

--------------------------------------------------------------------------------

 
INTERMEDIATE CAPITAL MANAGERS LTD
By:
 
/S/    ANDREW PHILLIPS

--------------------------------------------------------------------------------

   
Title:    Director
   
For and on behalf of
Eurocredit CDO I
Eurocredit CDO II
Promius I
Promius II

 
 
OAK HILL SECURITIES FUND, L.P.
By Oak Hill Securities GenPar, L.P., its General Partner
 
By Oak Hill Securities MGP, Inc., its General Partner
By:
 
/S/    SCOTT D. KRASE

--------------------------------------------------------------------------------

   
Title:    Vice President

 
 
OAK HILL SECURITIES FUND II, L.P.
By Oak Hill Securities GenPar II, L.P., its General Partner
 
By Oak Hill Securities MGP II, Inc., its General Partner
By:
 
/S/    SCOTT D. KRASE

--------------------------------------------------------------------------------

   
Title:    Vice President

 
 
OAK HILL CREDIT PARTNERS I, LIMITED
By Oak Hill CLO Management I LLC, as Investment Manager
By:
 
/S/    SCOTT D. KRASE

--------------------------------------------------------------------------------

   
Title:    Authorized Signatory

10

--------------------------------------------------------------------------------

 
 
CENTURION CDO II, LTD.
By American Express Asset Management Group Inc., as Collateral Manager
By:
 
/S/    LEANNE STAVRAKIS        

--------------------------------------------------------------------------------

   
Title:    Director—Operations

 
 
 
CENTURION CDO III, LTD.
By American Express Asset Management Group Inc., as Collateral Manager
By:
 
/S/    LEANNE STAVRAKIS        

--------------------------------------------------------------------------------

   
Title:    Director—Operations

 
 
 
SEQUILS-CENTURION V, LTD.
By American Express Asset Management Group Inc., as Collateral Manager
By:
 
/S/    LEANNE STAVRAKIS        

--------------------------------------------------------------------------------

   
Title:    Director—Operations

 
 
 
CENTURION CDO VI, LTD.
By American Express Asset Management Group Inc., as Collateral Manager
By:
 
/S/    LEANNE STAVRAKIS        

--------------------------------------------------------------------------------

   
Title:    Director—Operations

 
 
 
BLUE SQUARE FUNDING SERIES 3
By Deutsche Bank Trust Company Americas
By:
 
/S/    STEPHEN T. HESSLER        

--------------------------------------------------------------------------------

   
Title:    Vice President

 
 
 
KZH HIGHLAND-2 LLC
By:
 
/S/    ROWEND SMITH        

--------------------------------------------------------------------------------

   
Title:    Authorized Agent

11

--------------------------------------------------------------------------------

 
 
EMERALD ORCHARD LIMITED
By:
 
/S/    GWEN ZIRKLE        

--------------------------------------------------------------------------------

   
Title:    Attorney-In-Fact

 
 
 
AXP VARIABLE PORTFOLIO—EXTRA INCOME FUND, a series of AXP Variable Portfolio
Income Series Inc.
By:
 
/S/    TIMOTHY J. MASEK        

--------------------------------------------------------------------------------

   
Title:     Assistant Vice President
              AXP Variable Portfolio Income
              Series Inc.

 
 
 
HIGH YIELD PORTFOLIO, a series of Income Trust
By:
 
/S/    TIMOTHY J. MASEK        

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Title:    Assistant Vice President
             Income Trust

 
 
 
ARCHIMEDES FUNDING II, LTD.
By ING Capital Advisors LLC, as Collateral Manager
By:
 
/S/    CHERYL WASILEWSKI        

--------------------------------------------------------------------------------

   
Title:    Vice President

 
 
 
ARCHIMEDES FUNDING III, LTD.
By ING Capital Advisors LLC, as Collateral Manager
By:
 
/S/    CHERYL WASILEWSKI         

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Title:    Vice President

12

--------------------------------------------------------------------------------

 
ARCHIMEDES FUNDING IV (CAYMAN), LTD.
By ING Capital Advisors LLC, as Collateral Manager
By:
 
/S/    CHERYL WASILEWSKI         

--------------------------------------------------------------------------------

   
Title:    Vice President

 
 
 
SEQUILS-ING I (HBDGM), LTD.
By ING Capital Advisors LLC, as Collateral Manager
By:
 
/S/    CHERYL WASILEWSKI        

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Title:    Vice President

 
 
ENDURANCE CLO I, LTD
            By: ING Capital Advisors LLC, as Portfolio             Manager
By:
 
/S/    CHERYL WASILEWSKI

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Title:    Vice President

 
 
 
For and on Behalf of
ING CAPITAL MANAGEMENT, LIMITED as Collateral Manager for Copernicus Euro CDO-I
BV
By:
 
/S/    DAVID WILSON       

--------------------------------------------------------------------------------

   
Title:    Senior Vice President

 
 
 
KZH CYPRESSTREE-I LLC
By:
 
/S/    ROWEND SMITH      

--------------------------------------------------------------------------------

   
Title:    Authorized Agent

 
 
 
 

13

--------------------------------------------------------------------------------

 
KZH ING-2 LLC
By:
 
/S/    ROWEND SMITH        

--------------------------------------------------------------------------------

   
Title:    Authorized Agent

 
 
 
KZH SOLEIL LLC
By:
 
/S/    ROWEND SMITH        

--------------------------------------------------------------------------------

   
Title:    Authorized Agent

 
 
 
KZH SOLEIL-2 LLC
By:
 
/S/    ROWEND SMITH        

--------------------------------------------------------------------------------

   
Title:    Authorized Agent

 
 
 
KZH STERLING LLC
By:
 
/S/    ROWEND SMITH        

--------------------------------------------------------------------------------

   
Title:    Authorized Agent

 
 
 
CITADEL HILL 2000 LTD
By:
 
/S/    NICHOLAS A. KARSIOTIS        

--------------------------------------------------------------------------------

   
Title:    Authorized Signatory

 
 
 
AURUM CLO 2002-I LTD.

By Stein Roe & Farnham Incorporated, as Investment Manager
By:
 
/S/    JAMES R. FELLOWS        

--------------------------------------------------------------------------------

   
Title:    Sr. Vice President & Portfolio Manager

 

14

--------------------------------------------------------------------------------

 
ADDISON CDO, LIMITED (#1279)
By Pacific Investment Management Company LLC, as its Investment Advisor
By:
 
/S/    MOHAM V. PHANSALKAR        

--------------------------------------------------------------------------------

   
Title:    Executive Vice President

 
 
 
CAPTIVA IV FINANCE LTD. (ACCT 1275),
as advised by Pacific Investment Management Company LLC
By:
 
/S/    DAVID DYER        

--------------------------------------------------------------------------------

   
Title:    Director

 
 
 
INTERCONTINENTAL CDO S.A. (#1284)
By Pacific Investment Management Company LLC, as its Investment Advisor
By:
 
/S/    MOHAM V. PHANSALKAR        

--------------------------------------------------------------------------------

   
Title:    Executive Vice President

 
 
JISSEKIKUN FUNDING, LTD. (#1288)
By Pacific Investment Management Company LLC, as its Investment Advisor
By:
 
/S/    MOHAM V. PHANSALKAR        

--------------------------------------------------------------------------------

   
Title:    Executive Vice President

 
 
 
SEQUILS-MAGNUM, LTD. (#1280)
By Pacific Investment Management Company LLC, as its Investment Advisor
By:
 
/S/    MOHAM V. PHANSALKAR        

--------------------------------------------------------------------------------

   
Title:    Executive Vice President

15

--------------------------------------------------------------------------------

 
WRIGLEY CDO, LIMITED (#1279)
By Pacific Investment Management Company LLC, as its Investment Advisor
By:
 
/S/    MOHAM V. PHANSALKAR        

--------------------------------------------------------------------------------

   
Title:    Executive Vice President

 
 
 
ALLIANCE INVESTMENTS LIMITED
By:
 
/S/    JOEL SEREBRANSKY        

--------------------------------------------------------------------------------

   
Title:    Senior Vice President

 
 
MONUMENTAL CAPITAL LTD., as Assignee
By Alliance Capital Management L.P., as Investment Manager
By Alliance Capital Management Corporation, as General Partner
By:
 
/S/    JOEL SEREBRANSKY        

--------------------------------------------------------------------------------

   
Title:    Senior Vice President

 
 
 
NEW ALLIANCE GLOBAL CDO, LIMITED
By Alliance Capital Management L.P., as
Sub-advisor
By Alliance Capital Management Corporation, as General Partner
By:
 
/S/    JOEL SEREBRANSKY        

--------------------------------------------------------------------------------

   
Title:    Senior Vice President

 
 
 
JUBILEE I CDO
By:
 
/S/    DAVID FORBES-NIXON        

--------------------------------------------------------------------------------

   
Title:    On Behalf of BCAM for Jubilee I CDO

16

--------------------------------------------------------------------------------

 
NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY
By:
 
/S/    THOMAS S. LEGGETT        

--------------------------------------------------------------------------------

   
Title:    Associate Vice President
             Public Bonds

 
 
 
NATIONWIDE MUTUAL FIRE INSURANCE COMPANY
By:
 
/S/    THOMAS S. LEGGETT        

--------------------------------------------------------------------------------

   
Title:    Associate Vice President
             Public Bonds

 
 
NATIONWIDE LIFE INSURANCE COMPANY
By:
 
/S/    THOMAS S. LEGGETT        

--------------------------------------------------------------------------------

   
Title:    Associate Vice President
             Public Bonds

 
 
NATIONWIDE MUTUAL INSURANCE COMPANY
By:
 
/S/    THOMAS S. LEGGETT        

--------------------------------------------------------------------------------

   
Title:    Associate Vice President
             Public Bonds

 
 
 
NOMURA BOND & LOAN FUND
By UFJ Trust Company of New York as Trustee
By Nomura Corporate Research and Asset Management Inc. Attorney In Fact
By:
 
/S/    ELIZABETH MACLEAN        

--------------------------------------------------------------------------------

   
Title:    Vice President

17

--------------------------------------------------------------------------------

 
CLYDESDALE CLO 2001-1, LTD.
By Nomura Corporate Research and Asset Management Inc. as Collateral Manager
By:
 
/S/    ELIZABETH MACLEAN        

--------------------------------------------------------------------------------

   
Title:    Vice President

 
 
THE BANK OF NOVA SCOTIA
By:
 
/S/    P. HAWES        

--------------------------------------------------------------------------------

   
Title:    Comptroller

 
 
THE SUMITOMO TRUST & BANKING CO., LTD. NEW YORK BRANCH
By:
 
/S/    ELIZABETH A. QUIRK        

--------------------------------------------------------------------------------

   
Title:    Vice President

 
 
DAVID L. BABSON & COMPANY INC.
In its individual capacity and as Collateral Manager on behalf of the investment
funds under its management as listed below.
– ELC (Cayman) Ltd. CDO Series 199-I
– ELC (Cayman) Ltd. 1999-II
– ELC (Cayman) Ltd. 1999-III
– APEX (IDM) CDO I, Ltd.
– TRYON CLO Ltd. 2000-1
By:
 
/S/    WILLIAM A. HAYES        

--------------------------------------------------------------------------------

   
Title:    Managing Director

 
 
 
IKB CAPITAL CORPORATION
By:
 
/S/    DAVID SNYDER        

--------------------------------------------------------------------------------

   
Title:    President
             IKB Capital Corporation

18

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NUVEEN SENIOR INCOME FUND, as a
Lender
By Symphony Asset Management LLC
By:
 
/S/    LENNIE MASON        

--------------------------------------------------------------------------------

   
Title:    Portfolio Manager

 
 
SUNAMERICA LIFE INSURANCE COMPANY
By:
 
/S/    JOHN G. LAPHAM, III        

--------------------------------------------------------------------------------

   
Title:    Authorized Agent

 
 
GALAXY CLO 1999-I, LTD.
By:
 
/S/    JOHN G. LAPHAM, III        

--------------------------------------------------------------------------------

   
Title:    Authorized Agent

 
 
AMMC CDO II, LIMITED
By American Money Management Corp., as Collateral Manager.
By:
 
/S/    DAVID P. MEYER        

--------------------------------------------------------------------------------

   
Title:    Vice President

 
 
 
AMERICAN EXPRESS CERTIFICATE COMPANY
By American Express Asset Management Group Inc. as Collateral Manager.
By:
 
/S/    YVONNE E. STEVENS        

--------------------------------------------------------------------------------

   
Title:    Senior Managing Director

19

--------------------------------------------------------------------------------

 
IDS LIFE INSURANCE COMPANY
By American Express Asset Management Group Inc. as Collateral Manager.
By:
 
/S/    YVONNE E. STEVENS        

--------------------------------------------------------------------------------

   
Title:    Senior Managing Director

 
 
 
HARBOURMASTER LOAN CORPORATION BV
By:
 
/S/    AUTHORIZED SIGNATORY        

--------------------------------------------------------------------------------

   
Title:    TMF Management B.V.
             Managing Director

20