Document:

Executive Termination Compensation Agreement

 Exhibit 10.1 
 

 
  

			
	Dear Peter Van Handel:	 	 Date: April 2, 2007

 Because you are a highly regarded member of the senior management team here at West Marine, we want to take this
opportunity to commend you for your performance to date and to reconfirm to you our hope for a long, continuing relationship that will be mutually beneficial to both you and the company. As you know, however, in a management environment
uncertainties can exist regarding employment status, including a substantial reduction in your job responsibilities, title, position or full-time commitment to the company (collectively, “Job Change”) or even a termination by the company
“at will.” Despite these uncertainties, we nevertheless feel it is important that you have assurances of our confidence in you so that you can devote your full time and energies to the success of the company. Therefore, as approved by West
Marine’s Board of Directors (“Board”), if the company notifies you that you will be subject to a Job Change for any reason (other than any of the reasons set forth in next paragraph), the company agrees to retain you as an employee to
provide personal services to the company, on an on-call basis, for the number of hours and type of services to be mutually determined by you and the company (“Personal Services”) for a nine (9) month period from the effective date of
the Job Change indicated in the notice (“Term”). In such event, the company agrees to provide you with the following benefits (“Benefits”) during the Term: (i) you will continue to receive your base salary in effect for the
last pay period immediately prior the effective date of your Job Change, payable on the company’s regularly scheduled pay days; (ii) you will continue to receive health insurance benefits only (i.e., medical, dental, optical, and mental
health), in all aspects significantly comparable to those in place from time to time for Vice Presidents of the company, at the company’s cost, subject to any portion of the costs required to be contributed by you. During the Term, you hereby
waive any other company benefits not specifically mentioned in this letter and after the Term, you will be offered continued health care benefits required to be offered under Federal or state law [e.g., COBRA]); (iii) in accordance with the
terms of your stock option agreement(s), you may exercise your vested stock options at any time over the Term and upon expiration of the Term, your employment with the company will terminate and you will have the additional period specified under
such agreement(s) in which to exercise any remaining vested stock options after termination of employment (currently at ninety (90) days) (“Extended Period”) and upon termination of the Extended Period any unexercised vested stock
options automatically will be forfeited. Also, during the Term, you will not receive any further stock option grants and any options that were issued prior to the effective date of the Job Change but which did not vest by such date automatically
will be forfeited; and (iv) if the effective date of your Job Change occurs at any time after the first six (6) months of the company’s then current fiscal year, the annual bonus you would have been paid for that year will be prorated
for the period of your employment in your capacity as the Chief Accounting Officer and Vice President—Finance during that year (i.e., from the commencement of such fiscal year up through the effective date of your Job Change), payable at the
time the company normally pays such bonuses. Also, you will receive no bonus amount if the effective date of your Job Change occurs at any time on or before such six (6) month period and no bonus amount for services to be performed over the
Term as a result of your Job Change. Any Benefits described above will be subject to employment taxes and as required by company policy and/or by applicable laws and regulations. Additionally, I want to emphasize that no Benefits will be due to you
unless and until you receive a written notification from the Company that you will be subject to a Job Change for any reason (other than any of the reasons set forth in the next paragraph) – i.e., your sole determination either that you are
subject to or have experienced a Job Change will not give rise to the Benefits offered in this letter. 
 You will not be entitled to the above Benefits in
the event of any of the following: (i) Your death or disability (in which case there will be no payment or benefits beyond the insurance proceeds, disability payments and/or retirement benefits to which you or your estate, beneficiaries or
designees are otherwise entitled); (ii) a determination by the Governance and Compensation Committee of the Board (“Committee”) that at any time you have engaged in a significant breach of company policy, or participated in a
significant act of insubordination; (iii) a determination by the Committee that substantial evidence exists that your acts or omissions have materially injured the company (financially, by reputation or otherwise) or that you are guilty of a
crime classified under applicable law as a felony (or the equivalent of a felony) or of any misdemeanor involving moral turpitude, or you have been convicted of or pleaded no contest to such a crime; or (iv) you terminate your employment with
the company for any reason. 
 In consideration of this agreement, you agree to continue to abide by and comply with the provisions of the company’s
associate handbook and other company policies in effect from time to time (“Company Policies”) at all times during and after your period of employment with the company, which covenants include, without limitation, the following:
(i) you will not disclose or otherwise use (except in the ordinary course of West Marine’s business) any trade secrets relating to the business of the company or any of its affiliates (trade secrets include, but are not necessarily limited
to, company processes, systems, methods, materials, research activities, prices, volume of sales, promotional methods, list of names or classes of customers, personnel and financial information, vendor names and information, product cost
information, computer software of any type, pricing and billing policies, data, forecasts, plans, and strategies for all aspects of operations, marketing, and sales, and expansion and acquisition strategies, including new store openings/closings);
and (ii) you will not disparage the company or its employees, officers or directors in their personal or business reputations or make any disparaging remarks or statements to anyone regarding your employment, your Job Change or the termination
of your employment. 
 Moreover, in consideration of the Benefits to be provided to you under this agreement, you agree as follows: (i) during the Term,
you will provide the Personal Services to West Marine, except that you may provide services to and/or be employed by another person or entity during the Term, provided that such person or entity does not engage in competing activities with those
engaged in by the company; (ii) prior to the expiration of the Term, you will not solicit or cause to be employed or retained any person who is (or within the prior 6 months was) an associate of the company or its affiliates by any person or
entity with whom or which you become associated; and (iii) immediately upon company’s request, you will execute and deliver to company a general release releasing West Marine and its officers, directors, owners, affiliates, successors and
assigns, from any and all actual or potential, suspected or unsuspected, foreseen or unforeseen, and patent or latent causes of actions, claims and demands whatsoever, whether in law or in equity, which may exist as of the date of the release or
which may arise after such date as a result of your employment or termination of employment with West Marine. Such release also will include a waiver of § 1542 of the California Civil Code, which provides as follows: “A general release
does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor,” your agreement to indemnify,
defend, and hold harmless each released person or entity against any claim, including attorney fees and costs, resulting from a breach of your covenants contained in the release, and a provision that such covenants survive the termination of your
employment and/or of this letter agreement. 
 You further acknowledge that irreparable injury will result to the company in the event of your breach of any
of the provisions in this letter agreement. Consequently, in addition to any other rights or remedies available to the company for such breach, the company also will be entitled to enforcement by preliminary restraining order and injunction. If any
legal or equitable action is necessary to interpret or enforce any term of this letter agreement, the company will be entitled to recover reasonable attorney fees and other costs incurred in connection with that action. This letter agreement is
governed by and construed in accordance with the laws of the State of California. If any provision of this letter agreement is held to be invalid, unenforceable, or void, the remainder of this letter agreement will remain in full force and effect.
The terms of this paragraph will survive the termination of your employment and/or of this letter agreement. 
 If the content of this letter is acceptable
to you, please sign and return the enclosed copy, and then this letter agreement will supersede any previous oral or written agreements relating to the subject matter hereof. 
 I look forward to your continuing with the company as a valued member of our management team. 
  

					
	Sincerely,	 	
	West Marine	 	
			
		 	 /s/ Peter Harris
	 	
	By:	 	Peter Harris, CEO & President	 	
		
	Read, Acknowledged and Accepted:	 	
			
		 	 /s/ Peter Van Handel
	 	
	Name:	 	Peter Van Handel, CAO & VP-FinanceThird Amendment to Credit Agreement

 Exhibit 10.2 
 THIRD AMENDMENT TO CREDIT AGREEMENT 
 This THIRD AMENDMENT TO CREDIT AGREEMENT (the “Third
Amendment”) dated May 7, 2007, is by and among StoneMor GP LLC, a Delaware limited liability company (the “General Partner”), StoneMor Partners L.P., a Delaware limited partnership (the “Partnership”), StoneMor
Operating LLC, a Delaware limited liability company (the “Operating Company”), the Subsidiaries of the Operating Company set forth on the signature page hereto (together with the Operating Company, each individually a “Borrower”
and collectively, the “Borrowers” and together with the General Partner and the Partnership, each individually a “Credit Party” and collectively, the “Credit Parties”), the lenders party hereto (the
“Lenders”), and Bank of America, N.A., successor by merger to Fleet National Bank, a national banking association organized and existing under the laws of the United States of America, as Administrative Agent for the benefit of the Lenders
(in such capacity, the “Administrative Agent”), as Collateral Agent for the benefit of the Lenders and other Secured Creditors, as Swingline Lender and as Letter of Credit Issuer. 
 BACKGROUND 
 A. Pursuant to that certain Credit Agreement entered into on
September 20, 2004, by and among the parties hereto, as amended by a First Amendment dated November 12, 2004 and a Second Amendment dated September 28, 2006 (as amended, modified or otherwise supplemented from time to time, the
“Credit Agreement”), the Lenders agreed, inter alia, to extend to the Borrowers (i) a revolving credit facility in the maximum aggregate principal amount of Twelve Million Five Hundred Thousand Dollars ($12,500,000), and
(ii) an acquisition line in the maximum aggregate principal amount of Twenty Two Million Five Hundred Thousand Dollars ($22,500,000). 
 B. Borrowers have requested that the Lenders make certain amendments to the Credit Agreement to provide for (i) a temporary increase of the revolving credit facility to a maximum aggregate principal amount of up to Seventeen Million
Five Hundred Thousand Dollars ($17,500,000), and (ii) a corresponding temporary decrease of the acquisition line. 
 NOW, THEREFORE, in
consideration of the foregoing premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto agree as follows: 
 1. Definitions. 
 (a)
General Rule. Except as expressly set forth herein, all capitalized terms used and not defined herein shall have the respective meanings ascribed thereto in the Credit Agreement. 
 (b) Additional Definitions. The following additional definitions are hereby added to Section 1 of the Credit Agreement to read
in its entirety as follows: 
  

 “Adjustment Amount” means as of the date of the Third Amendment and
prior to the effective date of an Adjustment Notice, Three Million Dollars ($3,000,000), and on and after the effective date of an Adjustment Notice, Five Million Dollars ($5,000,000). 
 “Adjustment Notice” means a written notice from the Borrowers delivered to the Administrative Agent and the Lenders
stating that (a) the Borrowers irrevocably request that the Adjustment Amount be increased from $3,000,000 to $5,000,000, (b) no Default or Event of Default has occurred and is continuing. 
 “Adjustment Period” means the period from the date of the Third Amendment, through the earlier of (a) June 29,
2007, and (b) any date on which the Agreement is amended and restated. 
 “Third Amendment” means the
Third Amendment to this Agreement dated May 7, 2007. 
 2. Amendment to Schedule I. Schedule I is hereby amended and restated in
its entirety as “Amended and Restated Schedule I” attached to this Third Amendment, so that, during the Adjustment Period the Total Revolving Loan Commitment is increased by the Adjustment Amount and the Total Acquisition Loan Commitment
is decreased by the Adjustment Amount (in each case as such amount may be adjusted pursuant to Section 3 hereof). 
 3. Adjustment Notice. Once during the Adjustment Period, the Borrowers may deliver to the
Administrative Agent and the Lenders an Adjustment Notice, which, if no Default or Event of Default has occurred and is continuing or would result therefrom, shall be effective as of the fifth (5th) Business Day following delivery of such Adjustment Notice, whereupon the Adjustment Amount will be increased in accordance with the definition of
“Adjustment Amount”. 
 4. Amendment to Notes. Each Note is hereby deemed to be amended during the Adjustment Period to
reflect a maximum amount of the related Commitment as adjusted in accordance with Section 2 to this Third Amendment; provided however, that if, for any reason, at the end of the Adjustment Period the aggregate outstanding principal amount of
Revolving Loans of any Lender which, when added to such Lender’s RL Percentage of the sum of (x) the Letter of Credit Outstandings at such time (exclusive of Unpaid Drawings which are repaid with the proceeds of, and simultaneously with
the incurrence of, the respective incurrence of Revolving Loans) and (y) the aggregate principal amount of all Swingline Loans then outstanding (exclusive of Swingline Loans which are repaid with the proceeds of, and simultaneously with the
incurrence of, the respective incurrence of Revolving Loans), is in excess of the Revolving Loan Commitment of such Lender at such time, the maximum principal amount of such Lender’s Note shall be deemed to include such excess amount until such
excess amount has been repaid in accordance with the Agreement. 
 5. Representations and Warranties. Each Credit Party hereby
represents and warrants to the Administrative Agent and the Lenders that, as to such Credit Party: 
  

 -2- 

 (a) Representations. Each of the representations and warranties of or as to such
Credit Party contained in the Credit Agreement and the other Credit Documents are true and correct in all material respects on and as of the date hereof as if made on and as of the date hereof; 
 (b) Power and Authority. (i) Such Credit Party has the power and authority under the laws of its jurisdiction of organization
and under its organizational documents to enter into and perform this Third Amendment and any other documents which the Administrative Agent requires such Credit Party to deliver hereunder (this Third Amendment and any such additional documents
delivered in connection with the Third Amendment are herein referred to as the “Third Amendment Documents”); and (ii) all actions, corporate or otherwise, necessary or appropriate for the due execution and full performance by such
Credit Party of the Third Amendment Documents have been adopted and taken and, upon their execution, the Credit Agreement, as amended by this Third Amendment and the other Third Amendment Documents will constitute the valid and binding obligations
of such Credit Party enforceable in accordance with their respective terms, except as such enforcement may be limited by any Debtor Relief Law from time to time in effect which affect the enforcement of creditors’ rights in general and the
availability of equitable remedies; 
 (c) No Violation. The making and performance of the Third Amendment Documents
will not (i) contravene, conflict with or result in a breach or default under any material applicable law, statute, rule or regulation, or any order, writ, injunction, judgment, ruling or decree of any court, arbitrator or governmental
instrumentality, (ii) taking into account such consents as have been obtained in connection with this Third Amendment, contravene, constitute a default under, conflict or be inconsistent with or result in any breach of, any of the terms,
covenants, conditions or provisions of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien upon any of the property or assets of any Credit Party pursuant to the terms of any
material indenture, mortgage, deed of trust, loan agreement, credit agreement or any other agreement or instrument to which any Credit Party is a party or by which it or any of its property or assets are bound or to which it may be subject or
(iii) contravene or violate any provision of the certificate of incorporation, by-laws, certificate of partnership, partnership agreement, certificate of limited liability company, limited liability company agreement or equivalent
organizational document, as the case may be, any Credit Party; 
 (d) No Default. No Default or Event of Default has
occurred and is continuing, or will exist immediately after giving effect to this Third Amendment; and 
 (e) No Material
Adverse Effect. No Material Adverse Effect has occurred since December 31, 2005. 
 6. Conditions to Effectiveness of
Amendment. This Third Amendment shall be effective upon the Administrative Agent’s receipt of the following, each in form and substance reasonably satisfactory to the Administrative Agent: 
  

 -3- 

 (a) Third Amendment. This Third Amendment, duly executed by the Credit Parties,
the Administrative Agent, the Collateral Agent and the Lenders and consented to by the Purchasers; 
 (b) Other Fees and
Expenses. Payment to the Administrative Agent and the Lenders, in immediately available funds, of all amounts necessary to reimburse the Administrative Agent and the Lenders for the reasonable out-of-pocket fees and costs incurred by the
Administrative Agent, including, without limitation, all such fees and costs incurred by the Administrative Agent’s attorneys, in connection with the preparation and execution of this Third Amendment and any other Credit Document; 

(c) Consent and Waivers. Copies of any consents or waivers necessary in order for the Credit Parties to comply with or perform
any of its covenants, agreements or obligations contained in any agreement which are required as a result of any Credit Party’s execution of this Third Amendment, if any; and 
 (d) Other Documents and Actions. Such additional agreements, instruments, documents, writings and actions as the Administrative
Agent may reasonably request. 
 7. No Waiver; Ratification. The execution, delivery and performance of this Third Amendment shall not
(a) operate as a waiver of any right, power or remedy of the Lenders under the Credit Agreement, any Credit Document or any Third Amendment Document and the agreements and documents executed in connection therewith or (b) constitute a
waiver of any provision thereof. Except as expressly modified hereby, all terms, conditions and provisions of the Credit Agreement and the other Credit Documents shall remain in full force and effect and are hereby ratified and confirmed by the
Credit Parties. Nothing contained herein constitutes an agreement or obligation by the Administrative Agent or the Lenders to grant any further amendments to any of the Credit Documents. 
 8. Acknowledgments. To induce the Administrative Agent and the Lenders to enter into this Third Amendment, the Credit Parties acknowledge, agree,
warrant, and represent that: 
 (a) Acknowledgment of Obligations; Collateral; Waiver of Claims. (i) The Credit
Documents are valid and enforceable against, and all of the terms and conditions of the Credit Documents are binding on, the Credit Parties, except as such enforcement may be limited by any Debtor Relief Law from time to time in effect which affect
the enforcement of creditors’ rights in general and the availability of equitable remedies; (ii) the liens and security interests granted to the Administrative Agent, on behalf of the Lenders, by the Credit Parties pursuant to the Credit
Documents are valid, legal and binding, properly recorded or filed and first priority perfected liens and security interests subject only to Permitted Encumbrances, and such liens and security interests will continue to secure all Loans and other
Obligations, including those made under the Commitments adjusted by this Third Amendment; and (iii) the Credit Parties hereby waive any and all defenses, set-offs and counterclaims which they, whether jointly or severally, 

  

 -4- 

 
may have or claim to have against the Administrative Agent and the Lenders as of the date hereof. 
 (b) No Waiver of Existing Defaults. Nothing in this Third Amendment nor any communication between the Administrative Agent, any
Lender, any Credit Party or any of their respective officers, agents, employees or representatives shall be deemed to constitute a waiver of (i) any Default or Event of Default arising as a result of the foregoing representation proving to be
false or incorrect in any material respect; or (ii) any rights or remedies which the Administrative Agent or the Lenders have against any Credit Party under the Credit Agreement or any other Credit Document and/or applicable law, with respect
to any such Default or Event of Default arising as a result of the foregoing representation proving to be false or incorrect in any material respect. 
 9. Binding Effect. This Third Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. 
 10. Governing Law. This Third Amendment shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania without
reference to the choice of law doctrine of the Commonwealth of Pennsylvania. 
 11. Headings. The headings of the sections of this
Third Amendment are inserted for convenience only and shall not be deemed to constitute a part of this Third Amendment. 
 12.
Counterparts. This Third Amendment may be executed in any number of counterparts with the same affect as if all of the signatures on such counterparts appeared on one document and each counterpart shall be deemed an original. 
 [Remainder of Page Intentionally Left Blank] 
  

 -5- 

 IN WITNESS WHEREOF, the parties hereto, by their respective duly authorized officers, have executed this
Third Amendment to Credit Agreement as of the date first above written. 
  
  

			
	BANK OF AMERICA, N.A., successor by merger to Fleet National Bank, in its various capacities as set forth above
		
	By:	 	  
		 	Kenneth G. Wood, Senior Vice President
		
		 	SOVEREIGN BANK, as a Lender
		
	By:	 	  
		 	Karl F. Schultz, Vice President
		
		 	COMMERCE BANK, N.A., as a Lender
		
	By:	 	  
		 	Peter L. Davis, Senior Vice President
	
	Credit Parties
		
		 	STONEMOR GP LLC
		
	By:	 	  
		 	William R. Shane, Executive Vice President
		
		 	 STONEMOR PARTNERS L.P.
 By:  STONEMOR GP
LLC
         its General Partner

		
	By:	 	  
		 	William R. Shane, Executive Vice President
		
		 	STONEMOR OPERATING LLC
		
	By:	 	  
		 	William R. Shane, Executive Vice President

  

 -6- 

							
	Alleghany Memorial Park LLC	  	Green Lawn Memorial Park LLC	  	Osiris Holding of Rhode Island LLC	  	StoneMor Kansas LLC
	Alleghany Memorial Park Subsidiary, Inc.	  	Green Lawn Memorial Park Subsidiary LLC	  	Osiris Holding of Rhode Island Subsidiary, Inc.	  	StoneMor Kansas Subsidiary LLC
	Altavista Memorial Park LLC	  	Henlopen Memorial Park LLC	  	Osiris Management, Inc.	  	StoneMor Kentucky LLC
	Altavista Memorial Park Subsidiary, Inc.	  	Henlopen Memorial Park Subsidiary, Inc.	  	Osiris Telemarketing Corp.	  	StoneMor Kentucky Subsidiary LLC
	Arlington Development Company	  	Henry Memorial Park LLC	  	Perpetual Gardens.Com, Inc.	  	StoneMor Michigan LLC
	Augusta Memorial Park Perpetual Care Company	  	Henry Memorial Park Subsidiary, Inc.	  	The Prospect Cemetery LLC	  	StoneMor Michigan Subsidiary LLC
	Bedford County Memorial Park LLC	  	J.V. Walker LLC	  	The Prospect Cemetery Subsidiary LLC	  	StoneMor Missouri LLC
	Bedford County Memorial Park Subsidiary LLC	  	J.V. Walker Subsidiary LLC	  	Prospect Hill Cemetery LLC	  	StoneMor Missouri Subsidiary LLC
	Bethel Cemetery Association	  	Juniata Memorial Park LLC	  	Prospect Hill Cemetery Subsidiary LLC	  	StoneMor North Carolina LLC
	Beth Israel Cemetery Association of Woodbridge, New Jersey	  	Juniata Memorial Park Subsidiary LLC	  	PVD Acquisitions LLC	  	StoneMor North Carolina Funeral Services, Inc.
	Birchlawn Burial Park LLC	  	KIRIS LLC	  	PVD Acquisitions Subsidiary, Inc.	  	StoneMor North Carolina Subsidiary LLC
	Birchlawn Burial Park Subsidiary, Inc.	  	KIRIS Subsidiary, Inc.	  	Riverside Cemetery LLC	  	StoneMor Oregon LLC
	Blue Ridge Memorial Gardens LLC	  	Lakewood/Hamilton Cemetery LLC	  	Riverside Cemetery Subsidiary LLC	  	StoneMor Oregon Subsidiary LLC
	Blue Ridge Memorial Gardens Subsidiary LLC	  	Lakewood/Hamilton Cemetery Subsidiary, Inc.	  	Riverview Memorial Gardens LLC	  	StoneMor Pennsylvania LLC
	Butler County Memorial Park LLC	  	Lakewood Memory Gardens South LLC	  	Riverview Memorial Gardens Subsidiary LLC	  	StoneMor Pennsylvania Subsidiary LLC
	Butler County Memorial Park Subsidiary, Inc.	  	Lakewood Memory Gardens South Subsidiary, Inc.	  	Rockbridge Memorial Gardens LLC	  	StoneMor Washington, Inc.
	Cedar Hill Funeral Home, Inc.	  	Laurel Hill Memorial Park LLC	  	Rockbridge Memorial Gardens Subsidiary Company	  	StoneMor Washington Subsidiary LLC
	Cemetery Investments LLC	  	Laurel Hill Memorial Park Subsidiary, Inc.	  	Rolling Green Memorial Park LLC	  	Sunset Memorial Gardens LLC
	Cemetery Investments Subsidiary, Inc.	  	Laurelwood Cemetery LLC	  	Rolling Green Memorial Park Subsidiary LLC	  	Sunset Memorial Gardens Subsidiary, Inc.
	Cemetery Management Services, L.L.C.	  	Laurelwood Cemetery Subsidiary LLC	  	Rose Lawn Cemeteries LLC	  	Sunset Memorial Park LLC
	Cemetery Management Services of Mid-Atlantic States, L.L.C.	  	Laurelwood Holding Company	  	Rose Lawn Cemeteries Subsidiary, Incorporated	  	Sunset Memorial Park Subsidiary, Inc.
	Cemetery Management Services of Ohio, L.L.C.	  	Legacy Estates, Inc.	  	Roselawn Development LLC	  	Temple Hill LLC
	Cemetery Management Services of Pennsylvania, L.L.C.	  	Locustwood Cemetery Association	  	Roselawn Development Subsidiary Corporation	  	Temple Hill Subsidiary Corporation
	Chartiers Cemetery LLC	  	Loewen [Virginia] LLC	  	Russell Memorial Cemetery LLC	  	Tioga County Memorial Gardens LLC
	Chartiers Cemetery Subsidiary LLC	  	Loewen [Virginia] Subsidiary, Inc.	  	Russell Memorial Cemetery Subsidiary, Inc.	  	Tioga County Memorial Gardens Subsidiary LLC
	Clover Leaf Park Cemetery Association	  	Lorraine Park Cemetery LLC	  	Shenandoah Memorial Park LLC	  	Tri-County Memorial Gardens LLC
	CMS West LLC	  	Lorraine Park Cemetery Subsidiary, Inc.	  	Shenandoah Memorial Park Subsidiary, Inc.	  	Tri-County Memorial Gardens Subsidiary LLC
	CMS West Subsidiary LLC	  	Melrose Land LLC	  	Southern Memorial Sales LLC	  	Twin Hills Memorial Park and Mausoleum LLC
	Columbia Memorial Park LLC	  	Melrose Land Subsidiary LLC	  	Southern Memorial Sales Subsidiary, Inc.	  	Twin Hills Memorial Park and Mausoleum Subsidiary LLC
	Columbia Memorial Park Subsidiary, Inc.	  	Modern Park Development LLC	  	Springhill Memory Gardens LLC	  	The Valhalla Cemetery Company LLC
	The Coraopolis Cemetery LLC	  	Modern Park Development Subsidiary, Inc.	  	Springhill Memory Gardens Subsidiary, Inc.	  	The Valhalla Cemetery Subsidiary Corporation
	The Coraopolis Cemetery Subsidiary LLC	  	Morris Cemetery Perpetual Care Company	  	Star City Memorial Sales LLC	  	Virginia Memorial Service LLC
	Cornerstone Family Insurance Services, Inc.	  	Mount Lebanon Cemetery LLC	  	Star City Memorial Sales Subsidiary, Inc.	  	Virginia Memorial Service Subsidiary Corporation
	Cornerstone Family Services of New Jersey, Inc.	  	Mount Lebanon Cemetery Subsidiary LLC	  	Stephen R. Haky Funeral Home, Inc.	  	WNCI LLC
	Cornerstone Family Services of West Virginia LLC	  	Mt. Airy Cemetery LLC	  	Stitham LLC	  	W N C Subsidiary, Inc.
	Cornerstone Family Services of West Virginia Subsidiary, Inc.	  	Mt. Airy Cemetery Subsidiary LLC	  	Stitham Subsidiary, Incorporated	  	Westminster Cemetery LLC
	Cornerstone Funeral and Cremation Services LLC	  	Oak Hill Cemetery LLC	  	StoneMor Alabama LLC	  	Westminster Cemetery Subsidiary LLC
	Covenant Acquisition LLC	  	Oak Hill Cemetery Subsidiary, Inc.	  	StoneMor Alabama Subsidiary, Inc.	  	Wicomico Memorial Parks LLC
	Covenant Acquisition Subsidiary, Inc.	  	Osiris Holding Finance Company	  	StoneMor Colorado LLC	  	Wicomico Memorial Parks Subsidiary, Inc.
	Crown Hill Cemetery Association	  	Osiris Holding of Maryland LLC	  	StoneMor Colorado Subsidiary LLC	  	Willowbrook Management Corp.
	Eloise B. Kyper Funeral Home, Inc.	  	Osiris Holding of Maryland Subsidiary, Inc.	  	StoneMor Georgia LLC	  	Woodlawn Memorial Gardens LLC
	Glen Haven Memorial Park LLC	  	Osiris Holding of Pennsylvania LLC	  	StoneMor Georgia Subsidiary, Inc.	  	Woodlawn Memorial Gardens Subsidiary LLC
	Glen Haven Memorial Park Subsidiary, Inc.	  	Osiris Holding of Pennsylvania Subsidiary LLC	  	StoneMor Illinois LLC	  	Woodlawn Memorial Park LLC
	  	  	  	  	StoneMor Illinois Subsidiary LLC	  	Woodlawn Memorial Park Subsidiary LLC
	 
	 By:  ____________________________________
         William R. Shane, Executive Vice President for each
of the above-named Credit Parties

  

 - 7 - 

 ACKNOWLEDGEMENT OF NOTEHOLDERS 
 The undersigned, each by its elected officer duly authorized as of the date set forth below, having previously executed and delivered an Intercreditor
Agreement, as defined in the Credit Agreement (the “Credit Agreement”) being amended by this Third Amendment (the “Third Amendment”), does hereby consent and agree to the above terms and conditions of this Third Amendment,
including, without limitation, specifically as to Sections 2 and 3 of the Third Amendment adjusting the amounts of the Total Revolving Loan Commitment and the Total Acquisition Loan Commitment, and, notwithstanding any restriction in the Note
Purchase Documents (including Section 10.4(i) of the Note Purchase Agreement) or the Intercreditor Agreement, consents to any increase in the aggregate outstanding principal amount of Revolving Credit Loans, so long as the aggregate outstanding
principal amount of all Loans does not exceed $37,500,000. Capitalized terms used above, but not defined, shall have the meanings given to such terms in the Credit Agreement. 
  

			
	SFT I, Inc.
		
	By:	 	  
	 Name:
 Title:
	 	

  

			
	 PRUDENTIAL RETIREMENT
 INSURANCE AND ANNUITY
COMPANY

		
	By:	 	Prudential Investment Management, Inc., as Investment Manager
		
	By:	 	  
	 Name:
 Title:
	 	

  

			
	 THE PRUDENTIAL INSURANCE COMPANY
 OF
AMERICA

		
	By:	 	  
	 Name:
 Title:
	 	

 Dated this May     , 2007 
  

 -8- 

 SCHEDULE I 
 LIST OF LENDERS AND COMMITMENTS 
 A. At any time prior to or after the Adjustment Period, and subject
to additional adjustments pursuant to Sections 2.13, 4.2, 4.3, 11 and/or 13.7 of the Agreement, the Lenders and Commitments shall be as follows. 
  

							
	 Lender
	  	Revolving Loan Commitment	  	Acquisition Loan Commitment
	 Bank of America, N.A.
	  	$	5,357,142.86	  	$	9,642,857.14
	 Sovereign Bank
	  	$	3,571,428.57	  	$	6,428,571.43
	 Commerce Bank, N.A.
	  	$	3,571,428.57	  	$	6,428,571.43
	 Total
	  	$	12,500,000	  	$	22,500,000

 B. At any time during the Adjustment Period, prior to the effective date of any Adjustment Notice,
and subject to additional adjustments pursuant to Sections 2.13, 4.2, 4.3, 11 and/or 13.7 of the Agreement, the Lenders and Commitments shall be as follows. 
  

							
	 Lender
	  	Revolving Loan Commitment	  	Acquisition Loan Commitment
	 Bank of America, N.A.
	  	$	6,642,857.14	  	$	8,357,142.84
	 Sovereign Bank
	  	$	4,428,571.43	  	$	5,571,428.58
	 Commerce Bank, N.A.
	  	$	4,428,571.43	  	$	5,571,428.58
	 Total
	  	$	15,500,000	  	$	19,500,000

 C. At any time during the Adjustment Period, on and after the effective date of any Adjustment
Notice, and subject to additional adjustments pursuant to Sections 2.13, 4.2, 4.3, 11 and/or 13.7 of the Agreement, the Lenders and Commitments shall be as follows. 
  

							
	 Lender
	  	Revolving Loan Commitment	  	Acquisition Loan Commitment
	 Bank of America, N.A.
	  	$	7,500,000	  	$	7,500,000
	 Sovereign Bank
	  	$	5,000,000	  	$	5,000,000
	 Commerce Bank, N.A.
	  	$	5,000,000	  	$	5,000,000
	 Total
	  	$	17,500,000	  	$	17,500,000

  

 -9-

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