FOURTH
      AMENDMENT TO LOAN AND SECURITY AGREEMENT

    


    THIS
      FOURTH AMENDMENT (the
      “Amendment”), dated as of October 24, 2008, is entered into by and among Langer,
      Inc., Silipos, Inc., Twincraft, Inc. (each a “Borrower” and collectively, the
“Borrowers”), and WACHOVIA BANK, NATIONAL ASSOCIATION (the
“Lender”).

    


    RECITALS

    


    The
      Borrowers and the Lender are parties to a Loan and Security Agreement dated
      May
      11, 2007 (as amended from time to time, the “Loan Agreement”). Capitalized terms
      used in these recitals have the meanings given to them in the Loan Agreement
      unless otherwise specified.

    


    The
      Borrowers have requested that certain amendments be made to the Loan Agreement,
      which the Lender is willing to make pursuant to the terms and conditions set
      forth herein.

    


    NOW,
      THEREFORE, in consideration of the premises and of the mutual covenants and
      agreements herein contained,
      it
      is agreed as follows:

     

    1. Section
      1.60 of the Loan Agreement shall be deleted in its entirety and restated as
      follows:

     

    “1.60 ‘Maximum
      Credit’ shall mean the amount of $12,000,000.”

     

    2. Section
      1.78 of the Loan Agreement shall be deleted in its entirety and restated as
      follows:

     

    “1.78 ‘Revolving
      Loan Limit’ shall mean, as to each Borrower, at any time, the amount
      equal to the $12,000,000 minus the then outstanding principal amount of the
      Revolving Loans, Term Loans and Letters of Credit provided to the other
      Borrowers.”

     

    3. Asset
      Sale.
      Notwithstanding anything to the contrary contained in the Loan Agreement, Lender
      consents to the sale by Langer, Inc. (“Langer”) to Langer Acquisition Corp.
      (“Buyer”) of all of its right, title and interest in and to the “Assets” (as
      defined in the Asset Purchase Agreement between Langer and Buyer, a copy of
      which is attached hereto as Exhibit
      A
      (the
“Purchase Agreement”)) which shall include, but not be limited to the certain
      assets identified on the attached Schedule
      1
      (the
“Sale Assets”). Upon the effective date of this Amendment, (a) Lender consents
      to the transactions contemplated by the Purchase Agreement and waives any breach
      of or conflicts with the Loan Agreement resulting solely from the consummation
      of the transaction set forth in the Purchase Agreement, (b) Lender hereby
      releases and discharges any and all security interests, liens, and encumbrances
      upon the Sale Assets that have been granted to or are held by the Lender
      pursuant to: (i) the Loan Agreement; and (ii) that certain Patent and Trademark
      Security Agreement, dated as of May 11, 2007, by and between Langer and Lender,
      as amended from time to time; (c) Lender agrees that the Sale Assets shall
      be
      transferred to Buyer free and clear of liens, claims, or encumbrances of Lender,
      and (d) Langer, Buyer and each of its designees shall be entitled to file a
      release with the United States Patent and Trademark Office with respect to
      any
      security interests, liens, and encumbrances the Lender may have with the
      Trademarks identified on the attached Schedule II. The Sale Assets shall be
      removed from the Borrowing Base.


    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4. No
      Other Changes.
      Except
      as explicitly amended by this Amendment, all of the terms and conditions of
      the
      Loan Agreement shall remain in full force and effect and shall apply to any
      advance or letter of credit thereunder.

     

    5. Conditions
      Precedent.
      This
      Amendment shall be effective when the Lender shall have received (i) an executed
      original hereof, (ii) $4,205,000, which amount reflects the amount payable
      by
      Buyer on the closing date of the Purchase Agreement, and (iii) a copy of the
      final executed Purchase Agreement.

     

    6. Representations
      and Warranties.
      The
      Borrowers hereby represent and warrant to the Lender as follows:

    


    (a) The
      Borrowers have all requisite power and authority to execute this
      Amendment and
      any
      other agreements or instruments required hereunder and to perform all of its
      obligations hereunder, and this Amendment and
      all
      such other agreements and instruments has been duly executed and delivered
      by
      the Borrowers and constitute the legal, valid and binding obligation of the
      Borrowers, enforceable in accordance with its terms.

    


    (b) The
      execution, delivery and performance by the Borrowers of this
      Amendment and
      any
      other agreements or instruments required hereunder have been duly authorized
      by
      all necessary corporate action and do not (i) require any authorization,
      consent or approval by any governmental department, commission, board, bureau,
      agency or instrumentality, domestic or foreign, (ii) violate any provision
      of any law, rule or regulation or of any order, writ, injunction or decree
      presently in effect, having applicability to the Borrower, or the articles
      of
      incorporation or by-laws of the Borrowers, or (iii) result in a breach of
      or constitute a default under any indenture or loan or credit agreement or
      any
      other agreement, lease or instrument to which the Borrowers are a party or
      by
      which it or its properties may be bound or affected.

    (c) Except
      as
      expressly provided herein, all of the representations and warranties contained
      in Section 8 of the Loan Agreement are correct on and as of the date hereof
      as
      though made on and as of such date, except to the extent that such
      representations and warranties relate solely to an earlier date.

     

    7. References.
      All
      references in the Loan Agreement to “this Agreement” shall be deemed to refer to
      the Loan Agreement as amended hereby; and any and all references in the Security
      Documents to the Loan Agreement shall be deemed to refer to the Loan Agreement
      as amended hereby.

     

    8. No
      Waiver.
      Except
      as expressly stated herein, the execution of this Amendment and the acceptance
      of all
      other
      agreements and instruments related hereto shall not be deemed to be a waiver
      of
      any Default or Event of Default under the Loan Agreement or a waiver of any
      breach, default or event of default under any Security Document or other
      document held by the Lender, whether or not known to the Lender and whether
      or
      not existing on the date of this Amendment.


    
      
         

      

      
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    9. Costs
      and Expenses.
      The
      Borrowers hereby reaffirm its agreement under the Loan Agreement to pay or
      reimburse the Lender on demand for all costs and expenses incurred by the Lender
      in connection with the Loan Documents, including without limitation all
      reasonable fees and disbursements of legal counsel. Without limiting the
      generality of the foregoing, the Borrowers specifically agrees to pay all fees
      and disbursements of counsel to the Lender for the services performed by such
      counsel in connection with the preparation of this Amendment and the documents
      and instruments incidental hereto. The Borrowers hereby agree that the Lender
      may, at any time or from time to time in its sole discretion and without further
      authorization by the Borrowers, make a loan to the Borrowers under the Loan
      Agreement, or apply the proceeds of any loan, for the purpose of paying any
      such
      fees, disbursements, costs and expenses.

     

    10. Miscellaneous.
      This
      Amendment may be executed in any number of counterparts, each of which when
      so
      executed and delivered shall be deemed an original and all of which
      counterparts, taken together, shall constitute one and the same
      instrument.

    


    IN
      WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
      executed as of the date first above written.

    


    
      	
              WACHOVIA BANK, NATIONAL ASSOCIATION

            	 	
              LANGER, INC.

            
	 	 	 	 	 
	
              By:

            	
              /s/
                Marc J. Breier,

            	 	
              By:

            	
              /s/
                W. Gray Hudkins

            
	 	
              Marc
                J. Breier, Managing Director

            	 	 	
              W.
                Gray Hudkins, President

            
	 	 	 	 
	 	 	 	
              SILIPOS, INC.

            
	 	 	 	 	 
	 	 	 	
              By:

            	
              /s/
                W. Gray Hudkins

            
	 	 	 	 	
              W.
                Gray Hudkins, President

            
	 	 	 	 	 
	 	 	 	
              TWINCRAFT, INC.

            
	 	 	 	 	 
	 	 	 	
              By:

            	
              /s/
                W. Gray Hudkins 

            
	 	 	 	 	
              W.
                Gray Hudkins, President

            


    

     

    
      
         

      

      
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