Document:

Exhibit
10.7

AMENDED AND RESTATED
INTERCREDITOR AGREEMENT

This Amended and Restated Intercreditor Agreement
(this “Agreement”) is dated as of December 1, 2005, by and among PNC
BANK, NATIONAL ASSOCIATION, in its capacity as agent for the Banks (as hereinafter
defined) (the “Agent”), ORIX FINANCE CORP., in its capacity as agent for
the Term Loans B Banks (as hereinafter defined) (the “Term Loans B Agent”)
(each of the Agent and the Term Loans B Agent is a “Senior Agent” and
they are collectively, the “Senior Agents”), PNC VENTURE CORP, a
Delaware corporation (“PNCVC”), PNC EQUITY PARTNERS, L.P., a Delaware
limited partnership (“PNCEP”), ERIE INDEMNITY COMPANY (“EIC”),
CONNECTICUT GENERAL LIFE INSURANCE COMPANY (“CGLIC”), CONNECTICUT
GENERAL LIFE INSURANCE COMPANY In Respect of a Separate Account (“CGLICSA”),
LIFE INSURANCE COMPANY OF NORTH AMERICA (“LICNA”) (each of PNCVC, PNCEP,
EIC, CGLIC, CGLICSA and LICNA and its successors and assigns (including,
without limitation, the Investors (as defined in the Junior Lender Loan
Agreement) is a “Junior Lender” and they are collectively, the “Junior
Lenders”) (each of the Senior Agents and the Junior Lenders is a “Lender”
and they are collectively, the “Lenders”), INSIGHT EQUITY A.P. X, LP, a
Texas limited partnership (the “Borrower”), INSIGHT EQUITY A.P. X
COMPANY, LLC, a Texas limited liability company (the “General Partner”),
INSIGHT A.P. X ASIA, LLC, a Delaware limited liability company (“Asia LLC”),
PT. VISION-EASE ASIA, an investment company organized under the laws of the
Republic of Indonesia (“Vision-Ease Asia”), INSIGHT EQUITY A.P. X
CANADA, LLC, a Delaware limited liability company (“Canada LLC”),
INSIGHT EQUITY A.P. X CANADA PARTNERS, LP, a Texas limited partnership (“Canada
LP”), and VISION-EASE CANADA CO., an unlimited company organized under the
laws of the Province of Nova Scotia, Canada (“Vision-Ease Canada”),
VISION EASE LENS EUROPE LIMITED, a company limited by shares registered in
England and Wales (“Vision-Ease Europe”) and VISION-EASE LENS LIMITED, a
company limited by shares registered in England and Wales (“Vision-Ease Lens”)
(each of Asia LLC, Vision-Ease Asia, Canada LLC, Canada LP, Vision-Ease Canada,
Vision-Ease Europe and Vision-Ease Lens is a “Subsidiary” and they are
collectively, the “Subsidiaries”).

W I T N E S S E T H:

WHEREAS, pursuant to the terms and subject to the
conditions of (a) that certain Revolving Credit, Term Loan and Security
Agreement, dated as of October 3 1, 2004, by and among the Loan Parties (as
hereinafter defined), the Banks and the Agent (as the same has been amended,
modified or supplemented from time to time, the “Original Senior Lender
Credit Agreement”), and (b) the other Senior Lender Loan Documents (as
hereinafter defined) executed in connection therewith, the Borrower previously
requested the Banks to provide, and the Banks did provide: (i) a revolving
credit and letter of credit facility to the Borrower in an aggregate principal
amount not to exceed $25,000,000 and (ii) a term loan in an aggregate maximum
principal amount of $12,526,000;

WHEREAS, the Junior Lenders previously purchased
subordinated notes from the Borrower in the aggregate original principal amount
of $18,000,000 pursuant to the terms

 

and subject to the conditions of the Junior Lender
Loan Documents (as hereinafter defined);

WHEREAS, in connection with the Original Senior Lender
Credit Agreement and the Senior Lender Credit Agreement (as hereinafter
defined), the Agent (a) previously filed, and in the future may file, financing
statements under the Code and other title documents or assignments; (b)
previously filed, and in the future may file, notices of security interest with
the United States Patent and Trademark Office and the United States Copyright
Office; (c) previously obtained, and in the future may obtain, mortgages or
deeds of trust creating a lien against real property interests; (d) previously
obtained, and in the future may obtain, assignments of life insurance; and (e)
previously obtained, and in the future may obtain, possession of certain of the
Collateral (as hereinafter defined), in each case to secure the payment and
performance of the indebtedness and obligations evidenced by the Senior Lender
Loan Documents, including, without limitation, the Obligations (as defined in
the Senior Lender Credit Agreement);

WHEREAS, as a condition to, among other things, the
making of loans and advances pursuant to the Original Senior Lender Credit
Agreement, the Agent and the Banks required that the indebtedness and
obligations of the Loan Parties under the Junior Lender Loan Documents be
subordinated to the indebtedness and obligations of the Loan Parties under the
Senior Lender Loan Documents and, in satisfaction of such requirement, the
Agent, the Junior Lenders and the Loan Parties (other than Vision-Ease Europe
and Vision-Ease Lens) previously executed that certain Intercreditor Agreement
dated as of October 31, 2004 (the “Original Intercreditor Agreement”);

WHEREAS, the Agent, the Banks and the Loan Parties
are, concurrently herewith, amending and restating the Original Senior Lender
Credit Agreement, pursuant to that certain Amended and Restated Revolving
Credit, Term Loan and Security Agreement dated as of December 1, 2005 (as the
same may be amended, modified, supplemented, renewed, replaced or refinanced
from time to time to the extent not prohibited by this Agreement, the “Senior
Lender Credit Agreement”) for the purposes of, among other things, making
an additional term loan to the Borrower such that the aggregate principal
amount of the term loans outstanding under the Senior Lender Credit Agreement
(inclusive of the remainder of the principal amount of the term loan made under
the Original Senior Lender Credit Agreement minus the aggregate amount of
principal repayments previously made by the Borrower thereon) is $13,725,424;

WHEREAS, the Term Loans B Agent, the Term Loans B
Banks and the Loan Parties are, concurrently herewith, entering into that
certain Loan and Security Agreement dated as of December 1, 2005 (as the same
may be amended, modified, supplemented, renewed, replaced or refinanced from
time to time to the extent not prohibited by this Agreement, the “Term Loans
B Credit Agreement” and, together with the Senior Lender Credit Agreement,
collectively, the “Senior Credit Agreements”) for the purpose of, among
other things, making term loans to the Borrower in the aggregate principal
amount of $31,500,000.

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WHEREAS, the Borrower will utilize proceeds of the
loans advanced to it under the Senior Credit Agreements to pay in full the Junior
Lender Claim (as defined in the Original Intercreditor Agreement), other than
the indebtedness and obligations evidenced by the Warrants (as defined in the
Junior Lender Loan Agreement) and any Put Notes (as defined hereinbelow) that
may be issued in connection with the exercise of certain put rights under the
Warrants;

WHEREAS, in connection with the execution of the
Senior Lender Credit Agreement and the Term Loans B Credit Agreement, and in
connection with the aforesaid payment of a portion of the Junior Lender Claim
(as defined in the Original Intercreditor Agreement), the parties hereto desire
(and the Agent, the Term Loans B Agent and the Junior Lenders require) that the
Original Intercreditor Agreement be amended and restated pursuant to this Agreement;

NOW, THEREFORE, in consideration of the foregoing and
the mutual covenants herein contained, the receipt and sufficiency of which are
hereby acknowledged, and for other good and valuable consideration, the parties
hereto, intending to be legally bound hereby, agree as follows:

ARTICLE I

DEFINITIONS

1.01         Definitions.  In addition to other words and terms defined
elsewhere in this Agreement, the following words and terms have the following
meanings, respectively, unless the context otherwise clearly requires:

“Banks” means, collectively, PNC Bank, National
Association and the other Lenders (as defined in Senior Lender Credit
Agreement) and their respective successors and assigns as permitted thereunder.

“Blockage Notice” means a written notice by any
Senior Agent to the Junior Lenders that a Senior Lender Default has occurred
and is continuing and that such Senior Agent is imposing a Restricted Period.

“Claim” means either any Senior Lender Claim or
the Junior Lender Claim.

“Code” means the Uniform Commercial Code, as in
effect on the date of this Agreement and as amended from time to time, of the
State of Texas or other applicable State. 
Unless otherwise defined in this Agreement or unless the context
otherwise requires, all terms used in this Agreement which are defined by the
Code shall have the meanings stated in the Code.

“Collateral” means, collectively, the Pledged
Collateral, the UCC Collateral, the Real Estate Collateral, any other
Collateral (as defined in the Senior Lender Credit Agreement) and any other
property or asset of any kind in which a security interest or lien has been
granted or exists to secure the Senior Lender Claim or any portion thereof.

  
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“Enforcement Action” means any action, whether
legal, equitable, judicial, non-judicial or otherwise, to collect or receive
any amounts under the Junior Lender Loan Documents or to enforce or realize
upon any lien, security interest, restriction, encumbrance, charge, claim,
right or other interest or arrangement now or in the future existing,
including, without limitation, any repossession, foreclosure, public sale,
private sale, collection, receipt, obtaining of a receiver or retention of all
or any part of amounts paid pursuant to the Junior Lender Loan Documents, or
the exercise or enforcement of any other right, power or remedy with respect to
the Junior Lender Loan Documents or the Junior Lender Claim.

“Guarantor” means any Guarantor (as defined in
the Senior Lender Credit Agreement).

“Insolvency Proceeding” means any liquidation,
winding-up or dissolution of the Borrower or any of its subsidiaries or any
other Loan Party, any execution, sale, receivership, creditor composition,
insolvency, bankruptcy, liquidation, readjustment, reorganization or other
similar proceeding or a general assignment for the benefit of creditors
relative to the Borrower or any of its subsidiaries or any other Loan Party or
any of its (or their) property, or any marshalling of the assets or liabilities
of the Borrower or any of its subsidiaries or any other Loan Party (including,
without limitation, any proceeding under Title 11 of the United States
Bankruptcy Code, 11 U.S.C. § 101 et. seq. (the “Bankruptcy Code”)).

“Junior Lender Claim” means all of the
indebtedness and obligations of the Borrower, any of its subsidiaries and/or
any other Loan Party (or any successor or assign of any such Person, including,
without limitation, a receiver, trustee or debtor in possession) to the Junior
Lenders, or any one or more of them, as set forth in the Junior Lender Loan
Documents, including, but not limited to (a) all sums (whether such sums
represent principal, interest, dividends, management fees, monitoring fees,
amounts payable in redemption, repurchase obligations, or obligations which are
due or not due, direct or indirect, absolute or contingent) loaned and advanced
to or for the benefit of the Borrower at any time pursuant to the Junior Lender
Loan Documents, any interest (including, without limitation, any interest
accruing after the commencement of any Insolvency Proceeding and any interest
that would have accrued but for the pendency of such Insolvency Proceeding,
whether or not any such interest is allowed as an enforceable claim in such
Insolvency Proceeding) on such sums, any future advances thereunder, any fees and
out of pocket costs and expenses with respect thereto (including, without
limitation, any such amounts payable by any guarantor), (b) any costs of
collection or enforcement or the exercise of any other right or remedy,
including reasonable attorneys’ and paralegals’ fees and costs, (c) any
prepayment premiums, (d) all closing fees, and (e) all other Obligations (as
defined in the Junior Lender Loan Agreement).

“Junior Lender Loan Documents” means: (a) the
Securities Purchase Agreement, dated October 31, 2004, by and among the
Borrower, the General Partner, the Subsidiaries and the Junior Lenders, as
amended by that certain Amendment No. 1 to Securities Purchase Agreement dated
as of December 1, 2005 (as the same may be

  
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further amended, modified, supplemented, renewed,
replaced or refinanced from time to time as may be permitted by this Agreement,
the “Junior Lender Loan Agreement”); (b) the Put Notes; (c) the Warrant
Securities (as defined in the Junior Lender Loan Agreement); (d) the Warrants
(as defined in the Junior Lender Loan Agreement); and (e) any and all other
documents, financing statements, instruments, certificates and agreements
executed and/or delivered in connection with the aforementioned agreements, or
any of the other Transaction Documents (as defined in the Junior Lender Loan
Agreement).

“Limited Partners” means Rosewood Vision
Corporation, a Delaware corporation, and Insight Equity Vision Partners, LP, a
Texas limited partnership, and any other limited partner of the Borrower from
time to time.

“Loan Parties” means the Borrower, the General
Partner, each Subsidiary (as defined in the Senior Lender Credit Agreement) of
the Borrower and each other Person who or which guarantees all or any portion
of any Senior Lender Claim from time to time.

“Permitted Senior Lender Increase” means (a)
with respect to the Senior Lender Credit Amount referred to in clause (a)
of the definition of such term, $5,000,000, and (b) with respect to the Senior
Lender Credit Amount referred to in clause (b) of the definition of such
term, $5,000,000.

“Person” means any individual, corporation,
partnership, limited liability company, association, joint-stock company,
trust, unincorporated organization, joint venture, government or political
subdivision or agency thereof, or any other entity.

“Pledged Collateral” means any and all property
of any Loan Party or Limited Partner in which a security interest is granted or
to be granted under a Pledge Agreement (as defined in the Senior Lender Credit
Agreement).

“Proceeds” shall have the meaning assigned to
such term in the Code and shall include, without limitation, whatever is
received when Collateral or Proceeds is sold, exchanged, collected or otherwise
disposed of, whether cash or non-cash, and includes, without limitation,
proceeds of insurance payable by reason of loss of or damage to Collateral and
any judgment or settlement of any lawsuit seeking damages for loss or damage to
any Collateral.

“Put Notes” means those certain put notes which
may be issued under the Junior Lender Loan Agreement but in all cases in form
and substance reasonably acceptable to the Agent and the Term Loans B Agent.

“Real Estate Collateral” means any and all real
property or interest therein of any Loan Party or Limited Partner in which a
lien or security interest is granted or to be granted under a Mortgage (as
defined in the Senior Lender Credit Agreement).

“Reorganization Securities” means (a) debt or
preferred equity securities of the Borrower or any other Person, (i) the
payment of which is subordinated, at least to the

  
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extent provided in this Agreement with respect to the
Junior Lender Claim, to the indefeasible payment in full of the Senior Lender
Claim and to the payment of all debt securities issued in exchange therefor to
the holders of the Senior Lender Claim and (ii) having other material terms
which are at least as favorable to the holders of the Senior Lender Claim as
the terms of the Junior Lender Claim and (b) common equity securities, which,
in the case of both clauses (a) and (b) above, are provided for
by a plan of reorganization, composition, arrangement, adjustment or
readjustment of the Borrower or of its securities, which plan has been approved
by a majority (in amount) of the holders of the Senior Lender Claim and adopted
pursuant to a proceeding under the Bankruptcy Code or other federal or state
judicial proceeding and confirmed or approved by the court having jurisdiction
of such proceeding.

“Restricted Period” means a period beginning
with the giving of a Blockage Notice and ending on the earliest of (a) the
first subsequent date on which no Senior Lender Default remains outstanding;
(b) the date on which the Senior Lender Claim has been indefeasibly paid in
full in cash and neither the Agent nor the Banks have any further obligation to
make advances or other financing accommodations to or for the benefit of the
Borrower under the Senior Lender Credit Agreement; or (c) three hundred sixty
(360) days following the effective date of such Blockage Notice, provided,
however, that if a Senior Lender Payment Default has occurred and is
continuing at the end of the Restricted Period for clause (c) above then
such Restricted Period shall end on the earlier to occur of clause (a)
or (b) above.

“Senior Lender Claim” means all of the indebtedness
and obligations of the Borrower, any of its subsidiaries and/or any other Loan
Party (or any successor or assign of such Person, including, without
limitation, a receiver, trustee or debtor in possession) to (a) the Agent and
the Banks, or any one or more of them, or (in the case of a refinancing or a
replacement of the indebtedness under the Senior Lender Credit Agreement
existing as of the date of this Agreement) to the agent and/or lenders under
the Senior Lender Credit Agreement as refinanced or replaced, as set forth in clause
(a) of the definition of the term the “Senior Lender Loan Documents”,
including, but not limited to (i) all sums (whether such sums represent
principal, interest, dividends, management fees, monitoring fees, amounts payable
in redemption, repurchase obligations, or obligations which are due or not due,
direct or indirect, absolute or contingent) loaned and advanced to or for the
benefit of the Borrower at any time pursuant to such Senior Lender Loan
Documents, any interest (including, without limitation, any interest accruing
after the commencement of any Insolvency Proceeding and any interest that would
have accrued but for the pendency of such Insolvency Proceeding, whether or not
any such interest is allowed as an enforceable claim in such Insolvency
Proceeding) on such sums, any future advances thereunder, any fees and out of
pocket costs and expenses with respect thereto (including, without limitation,
any such amounts payable by any guarantor), (ii) any costs of preservation of
any security interest or lien or collateral and of collection or enforcement or
the exercise of any other right or remedy, including reasonable attorneys’ and
paralegals’ fees and costs, (iii) any prepayment premiums, (iv) all closing
fees, and (v) all other Obligations (as defined in the Senior Lender Credit
Agreement) and/or (b) the Term Loans B Agent and the Term Loans B Banks, or any
one or more of them, or (in the case of a refinancing or a

  
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replacement of the indebtedness under the Term Loans B
Credit Agreement existing as of the date of this Agreement) to the agent and/or
lenders under the Term Loans B Credit Agreement as refinanced or replaced, as
set forth in clause (b) of the definition of the term “Senior Lender
Loan Documents”, including, but not limited to (i) all sums (whether such sums
represent principal, interest, dividends, management fees, monitoring fees,
amounts payable in redemption, repurchase obligations, or obligations which are
due or not due, direct or indirect, absolute or contingent) loaned and advanced
to or for the benefit of the Borrower at any time pursuant to such Senior
Lender Loan Documents, any interest (including, without limitation, any
interest accruing after the commencement of any Insolvency Proceeding and any
interest that would have accrued but for the pendency of such Insolvency
Proceeding, whether or not any such interest is allowed as an enforceable claim
in such Insolvency Proceeding) on such sums, any future advances thereunder,
any fees and out of pocket costs and expenses with respect thereto (including,
without limitation, any such amounts payable by any guarantor), (ii) any costs
of preservation of any security interest or lien or collateral and of
collection or enforcement or the exercise of any other right or remedy,
including reasonable attorneys’ and paralegals’ fees and costs, (iii) any
prepayment premiums, (iv) all closing fees, and (v) all other Obligations (as
defined in the Term Loans B Credit Agreement).

“Senior Lender Credit Amount” shall mean (a)
with respect to the portion of the Senior Lender Claim described in clause (a)
of the definition of the term “Senior Lender Claim,” $38,725,424, as such
amount may be increased by the applicable Permitted Senior Lender Credit
Increase, and (b) with respect to the portion of the Senior Lender Claim
described in clause (b) of the definition of the term “Senior Lender
Claim,” $31,500,000, as such amount may be increased by the applicable
Permitted Senior Lender Credit Increase.

“Senior Lender Default” means the occurrence of
(a) an Event of Default (as defined in the Senior Lender Credit Agreement) or
(b) an Event of Default (as defined in the Term Loans B Credit Agreement).

“Senior Lender Loan Documents” shall mean,
singularly or collectively, as the context may require, (a) (i) the Senior
Lender Credit Agreement (including any credit, loan or similar agreement which
replaces or refinances the indebtedness under the Senior Lender Credit
Agreement in effect as of the date of this Agreement so long as such agreement
contains terms and provisions which would be permitted under Section 2.05
of this Agreement as if such agreement were an amendment or modification to the
Senior Lender Credit Agreement in effect as of the date of this Agreement);
(ii) the Revolving Credit Notes (as defined in the Senior Lender Credit
Agreement) in the aggregate original principal amount of up to $25,000,000;
(iii) the Term Notes (as defined in the Senior Lender Credit Agreement) in the
aggregate original principal amount of $13,725,424; (iv) the Guaranties (as
defined in the Senior Lender Credit Agreement); (v) the Pledge Agreements (as
defined in the Senior Lender Credit Agreement); (vi) the Guarantor Security
Agreements (as defined in the Senior Lender Credit Agreement); (vii) the
Mortgages (as defined in the Senior Lender Credit Agreement); (viii) the
Letters of Credit (as defined in the Senior Lender Credit Agreement); (ix) the
Code financing statements in connection with the Senior Lender Credit
Agreement, the Pledge

  
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Agreements, the Guarantor Security Agreements and the
Mortgages; and (x) any and all other promissory notes, security agreements,
pledge agreements, mortgages, documents, financing statements, instruments,
certificates, and agreements executed and/or delivered in connection with the
aforementioned agreements, or any of the Other Documents (as defined in the
Senior Lender Credit Agreement) other than the Subordinated Credit Documents
(as defined in the Senior Lender Credit Agreement), as any of the aforesaid amounts
may be increased as permitted by Section 2.04, and (b) (i) the Term
Loans B Credit Agreement (including any credit, loan or similar agreement which
replaces or refinances the indebtedness under the Term Loans B Credit Agreement
in effect as of the date of this Agreement so long as such agreement contains
terms and provisions which would be permitted under Section 2.05 of this
Agreement as if such agreement were an amendment or modification to the Term
Loans B Credit Agreement in effect as of the date of this Agreement); (ii) the
Term Notes (as defined in the Term Loans B Credit Agreement) in the aggregate
original principal amount of $31,500,000; (iii) the Guaranties (as defined in
the Term Loans B Credit Agreement); (iv) the Pledge Agreements (as defined in
the Term Loans B Credit Agreement); (v) the Guarantor Security Agreements (as
defined in the Term Loans B Credit Agreement); (vi) the Mortgages (as defined
in the Term Loans B Credit Agreement); (vii) the Code financing statements in
connection with the Term Loans B Credit Agreement, the Pledge Agreements, the
Guarantor Security Agreements and the Mortgages; and (viii) any and all other
promissory notes, security agreements, pledge agreements, mortgages, documents,
financing statements, instruments, certificates, and agreements executed and/or
delivered in connection with the aforementioned agreements, or any of the Other
Documents (as defined in the Term Loans B Credit Agreement) other than the
Subordinated Credit Documents (as defined in the Term Loans B Credit
Agreement), as any of the aforesaid amounts may be increased as permitted by Section
2.04.

“Senior Lender Major Non-Payment Default” means
the occurrence of a Senior Lender Default, other than a Senior Lender Payment
Default or a Senior Lender Minor Non-Payment Default.

“Senior Lender Minor Non-Payment Default” means
the occurrence of a Senior Lender Default, other than a Senior Lender Payment
Default, pursuant to Section 10.5 of the Senior Lender Credit Agreement or
pursuant to Section 10.5 of the Term Loans B Credit Agreement, in each case for
which there is a 15-day grace period as specified in such Section.

“Senior Lender Payment Default” means the
occurrence of a Senior Lender Default pursuant to Section 10.1 of the Senior
Lender Credit Agreement or Section 10.1 of the Term Loans B Credit Agreement.

“Senior Term Loan” means the Term Loans (as
defined in the Senior Lender Credit Agreement) and the Term Loans (as defined
in the Term Loans B Credit Agreement).

  
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“Term Loans B Banks” means, collectively, ORIX
Finance Cop. and the other Lenders (as defined in the Term Loans B Credit
Agreement) and their respective successors and assigns.

“Term Loans B Intercreditor Agreement” means
that certain Intercreditor Agreement dated as of December 1, 2005, among the
Agent, the Term Loans B Agent and the Loan Parties, as the same may be amended,
modified, supplemented, renewed or replaced from time to time.

“UCC Collateral” means any and all property of
any Loan Party or Limited Partner in which a security interest is granted or is
to be granted under the Senior Lender Credit Agreement, the Term Loans B Credit
Agreement, any Guarantor Security Agreement (as defined in the Senior Lender
Credit Agreement and the Term Loans B Credit Agreement) or any other security
agreement.

ARTICLE II

INTERCREDITOR AGREEMENT

2.01         Lien and Payment
Priorities.  Notwithstanding the
date, manner or order of grant or perfection of the security interests and
liens granted to any Lender or whether any Lender holds possession of all or
any part of the Collateral, and notwithstanding any provisions of the Senior
Lender Loan Documents, the Junior Lender Loan Documents or of the Code or any
applicable law or decision, the following, as among the Lenders, shall be the
relative priority of the security interests and liens of each of the Lenders
(and the parties hereto hereby agree as follows):

(a)           (i) The Agent shall have a first and
prior lien on, assignment of or security interest in the Collateral in an
amount not to exceed the Senior Lender Claim referred to in clause (a)
of the definition of such term, as such amount may be increased pursuant to Section
2.04 hereof, and (ii) the Term Loans B Agent shall have a second priority
lien on, assignment of or security interest in the Collateral in an amount not
to exceed the Senior Lender Claim referred to in clause (b) of the
definition of such term, as such amount may he increased in pursuant to Section
2.04 hereof.

(b)           The Junior Lenders hereby agree,
represent and warrant that, on the date hereof, no security has been given to
or received by the Junior Lenders for any of the Junior Lender Claim and the
Junior Lenders covenant that: (i) the Junior Lenders have neither any right to
possess or foreclose upon any property or assets of any Loan Party or Limited
Partner; (ii) they shall not accept any security for the Junior Lender Claim
without the prior written consent of the Agent and the Term Loans B Agent
(which consent may be withheld for any reason in the sole discretion of the
Agent and the Term Loans B Agent); and (iii) the Junior Lender Claim shall
remain unsecured.

  
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(c)           The Junior Lenders hereby agree that
the Junior Lender Claim, including, but not limited to, all amounts due under
the Junior Lender Claim, is hereby and shall at all times continue to be
expressly subject and subordinate in right of payment to the Senior Lender
Claim including, but not limited to, all amounts due to the Agent and the
Banks, and the Term Loans B Agent and the Term Loans B Banks, under the Senior
Lender Claim in the manner and to the extent provided in this Agreement.

2.02         Prohibited
Payments on the Junior Lender Claim.

(a)           The Junior Lender Claim is hereby
subordinated to the Senior Lender Claim in all respects and so long as any
Senior Lender Claim remains outstanding or any of the Agent and the Banks has
any obligation to make advances or other financial accommodations to or for the
benefit of the Borrower under the Senior Lender Loan Documents, the Junior
Lenders shall not, without the Agent’s and the Term Loans B Agent’s prior
written consent, ask, demand, sue for, receive or accept any payment from the
Borrower, any of its subsidiaries and/or any other Loan Party or any guarantor
or other obligor of the Junior Lender Claim on or in respect of the Junior Lender
Claim, or exercise any right of or permit any setoff in respect of the Junior
Lender Claim, accelerate the payment of any portion of the Junior Lender Claim,
commence or prosecute any lawsuit with respect to any portion of the Junior
Lender Claim, initiate or join with any creditor (unless the Agent and the Term
Loans B Agent shall so join) in initiating any Insolvency Proceeding with
respect to the Borrower, any of its subsidiaries and/or any other Loan Party
(or any guarantor or obligor of the Junior Lender Claim) or the Borrower’s, any
of its subsidiaries’ and/or any other Loan Party’s (or any such guarantor’s or
obligor’s) property, exercise any other remedy, or take any other action with
respect to any portion of the Junior Lender Claim, in each case except as set
forth herein.

(b)           Notwithstanding any other provision
of this Agreement to the contrary, during any period that is not a Restricted
Period, the Borrower or any guarantor or other obligor of the Junior Lender
Claim may (i) issue, and the Junior Lenders may accept and retain Put Notes
issued in accordance with the terms and provisions of the Junior Lender Loan
Documents, (ii) pay, and the Junior Lenders may accept and retain, amounts in
payment of such Put Notes (but only to the extent expressly permitted by the
Senior Lender Loan Documents) and (iii) pay, and the Junior Lenders may accept
and retain, reimbursement of expenses and counsel fees paid on or about the
Closing Date (as defined in the Senior Lender Credit Agreement) in connection with
this Agreement and the repayment of certain indebtedness of the Borrower owed
to the Junior Lenders as referred to in the recitals to this Agreement.  Regardless of whether a Restricted Period is
in effect, until the Senior Lender Claim shall have been fully paid, satisfied
and performed in accordance with the terms of the Senior Lender Loan Documents
and all obligations and commitments of the Banks and the Agent to the Borrower
have been terminated, no Loan Party shall pay to the Junior Lenders, and the
Junior Lenders shall not accept or receive, directly or indirectly,

  
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any payments
or prepayments in respect of the Junior Lender Claim, other than the payments
expressly permitted by clauses (i) and (ii) in the immediately
foregoing sentence during any period that is not a Restricted Period; the
foregoing notwithstanding, nothing contained in this Agreement shall prevent a
Junior Lender from receiving payments with respect to the Junior Lender Claim
pursuant to a sale, assignment, pledge, disposition or other transfer of the
Junior Lender Claim in accordance with the provisions of Section 2.13.

(c)           All payments or distributions of any
kind or character (including, without limitation, any payments or distributions
upon or with respect to the Collateral) which are received by the Junior
Lenders contrary to the provisions of this Agreement shall be received in trust
for the benefit of the Agent and the Banks and the Term Loans B Agent and the
Term Loans B Banks, shall be segregated from other funds and property held by
the Junior Lenders in receipt of any such payments or distributions and shall
be immediately paid over to the Agent in the same form as so received (with any
necessary endorsement) to be applied (in the case of cash) to or held as
collateral (in the case of noncash property or securities) for the payment of
the Senior Lender Claim.  The Senior
Lender Loan Documents shall not he deemed paid or satisfied in full until the
Agent and the Term Loans B Agent have received payment in full of the Senior Lender
Claim that is not subject to rescission, restoration or return.

2.03         Enforcement
Actions.   Each Lender agrees that:

(a)           Upon the occurrence of a Senior
Lender Default, each of the Agent and, if and to the extent permitted by the
Term Loans B Intercreditor Agreement, the Term Loans B Agent may, at its
option, take any action to accelerate payment of its applicable Senior Lender
Claim and to foreclose, realize upon or exercise any legal remedy to enforce
any of its rights or remedies with respect to the Loan Parties and the Limited
Partners, including, but not limited to, the Collateral, without the consent of
the Junior Lenders; provided, however, the Agent and the Term Loans B Agent
shall use its reasonable efforts to provide notice to the Junior Lenders of any
such action taken by the Agent or the Term Loans B Agent, respectively, but the
failure to do so shall not affect the validity of such notice, or create a
cause of action against the party failing to give such notice, or create any
claim or right on behalf of any third party.

(b)           The Junior Lenders shall not take any
Enforcement Action; provided, however, (i) the Junior Lenders may take
equitable actions (which in no instance shall include claiming any monetary
damages or accelerating the date upon which the Junior Lenders are entitled to
put the Warrant or Warrant Securities under the Junior Lender Loan Agreement or
otherwise accelerate any of the obligations under the Junior Lender Loan
Documents) for specific performance with respect to an event of default under
the Junior Lender Loan Documents so long as prior written notice is provided by
the Junior Lenders to the Agent and the Term Loans B Agent of the Junior
Lenders’ intention to take any such equitable action and (ii) the Junior
Lenders may take an Enforcement Action

  
 11
 

 

 

under any Put Note (if any such Put Note is
outstanding) with respect to an event of default under such Put Note upon the
earliest to occur of the following dates: (A) the Senior Lender Claim shall
have been fully, finally and indefeasibly paid in cash and all financing
arrangements and commitments in connection therewith between the Loan Parties
and the Agent and the Banks have been terminated, (B) payment of the entirety
of the Senior Lender Claim has been accelerated, (C) the date that is three
hundred sixty (360) days after written notice is provided by the Junior Lenders
to the Agent and the Term Loans B Agent of the occurrence of such event of
default under the Junior Lender Loan Documents, provided that such event of default
shall have continued uncured and unwaived for such period by the Junior
Lenders, or (D) an Insolvency Proceeding shall have commenced; provided,
however, that nothing in this Section shall permit the Junior Lenders to
receive or collect any payment on, or the exercise of any other right or remedy
with respect to, the Junior Lender Claim in violation of any other provision of
this Agreement, including, without limitation, Sections 2.02 and 2.14
hereof.

(c)           Notwithstanding anything herein to
the contrary, no provision herein shall prevent the Junior Lenders from taking
any action to the extent necessary to prevent the running of any applicable
statute of limitation or similar restriction on claims or from declaring an
event of default or imposing any default rate of interest provided for under
the Junior Lender Loan Documents.

2.04         Additional Credit
Extensions.  The Junior Lenders agree
that, without notice to or the consent of the Junior Lenders, the Agent, the
Banks, the Term Loans B Agent and the Term Loans B Banks shall have the right,
respectively, to extend credit to the Borrower in excess of the maximum amounts
set forth in the Senior Credit Agreements as of the date of this Agreement;
provided that (a) the Agent and the Banks may not, without the prior written
consent of the Junior Lenders, increase the principal amount of the Senior
Lender Claim referred to in clause (a) of the definition of such term to
an amount that exceeds the sum of (i) the Senior Lender Credit Amount (with
respect to the portion of the Senior Lender Claim described in clause (a)
of the definition of such term) as of the date hereof (as the same may be
reduced by the amount of any repayments and commitment reductions under the
Senior Lender Credit Agreement to the extent that such payments and reductions
may not be reborrowed) plus (ii) the applicable Permitted Senior Lender Credit
Increase and (b) the Term Loans B Agent and the Term Loans B Banks may not,
without the prior written consent of the Junior Lenders, increase the principal
amount of the Senior Lender Claim referred to in clause (b) of the
definition of such term to an amount that exceeds the sum of (i) the Senior
Lender Credit Amount (with respect to the portion of the Senior Lender Claim
described in clause (b) of the definition of such term) as of the date
hereof (as the same may be reduced by the amount of any repayments under the
Term Loans B Credit Agreement to the extent that such payments may not be
reborrowed) plus (ii) the applicable Permitted Senior Lender Credit
Increase.  Any such additional extensions
of credit shall be secured by the Collateral and shall be subject to the
security interest and lien and payment priority and other provisions of this
Agreement.  The Agent and the Banks
agree, and the Term Loans B Agent and the Term Loans B Banks agree, that,
except for the Permitted Senior Lender Credit Increase (with respect to the
Agent and the Banks only), neither the Agent nor the Banks, nor the Term Loans
B Agent nor the Term Loans B Banks, shall extend credit to the Borrower in
excess of the maximum amount set forth in the Senior Lender Loan Documents as
of the date of this Agreement without the prior written consent of the Junior
Lenders; it being understood and agreed that neither the Agent nor the Banks,
nor the

  
 12
 

 

 

Term Loans B
Agent nor the Term Loans B Banks, may readvance any payment or prepayment of
principal on the Senior Term Loan.  The
Junior Lenders agree that they shall not extend credit to the Borrower in
excess of the maximum amount permitted in the Senior Lender Loan Documents and
the maximum aggregate principal amount of the Put Notes, if any, that may be
issued from time to time in accordance with Junior Lender Loan Documents as in
effect on the date hereof without the prior written consent of the Agent and
that the Junior Lenders may not readvance any payment or prepayment of
principal on the Put Notes.  The parties
acknowledge and agree that the Borrower may issue and the Junior Lenders may
accept Put Notes.  Notwithstanding
anything that may be contained herein to the contrary, the Agent and the Banks
or any of their respective affiliates shall be permitted to enter into Hedge
Agreements (as defined in the Senior Lender Credit Agreement) with the Borrower
and any agreements to provide treasury management services to the Loan Parties,
and the indebtedness and obligations of the Loan Parties thereunder shall be
secured by the Collateral.

2.05         Amendments to
Financing Arrangements.  The Junior
Lenders agree that, subject to the terms and conditions of this Agreement, the
Agent and the Banks, and the Term Loans B Agent and the Term Loans B Banks,
shall have the right, without the consent of the Junior Lenders but subject to
the terms and provisions of the Term Loans B Intercreditor Agreement, to amend,
modify or permit any amendment or modification to the Senior Lender Loan
Documents except that, without the prior written consent of the Junior Lenders,
neither the Agent nor the Term Loans B Agent shall amend, modify or supplement
any provision of, or waive any other party’s compliance with any of the terms
of, any Senior Lender Loan Document which: (a) restricts or prohibits payments
by the Loan Parties to the Junior Lenders with respect to the Put Notes (except
as set forth in this Agreement and the Senior Lender Loan Documents on the date
hereof or in this Agreement); (c) modifies the Maturity Date (as defined in the
Senior Lender Credit Agreement and the Term Loans B Credit Agreement) except
that an extension of such Maturity Date to no later than December 1, 2009 (with
respect to the Senior Lender Credit Agreement) and December 1, 2012 (with
respect to the Term Loans B Credit Agreement), shall be permitted without the
consent of the Junior Lenders; (c) increases the Senior Lender Credit Amount
(with respect to the Senior Lender Credit Amount referred to in clause (a)
of the definition of such term) by an amount greater than the applicable
Permitted Senior Lender Credit Increase or increases the Senior Lender Credit
Amount (with respect to the Senior Lender Credit Amount referred to in clause
(b) of the definition of such term) by any amount greater than the
applicable Permitted Senior Lender Credit Increase.  Any such amendments or modifications to the
Senior Lender Loan Documents shall be secured by the Collateral and shall be
entitled to the benefits of this Agreement. 
The Junior Lenders agree that, without the prior written consent of the
Agent and the Term Loans B Agent, they shall not have the right to amend,
modify or permit any amendment or modifications to the Junior Lender Loan
Documents in any manner which: (a) modifies the maturity date provided for in
the Junior Lender Loan Documents, (b) modifies the timing or amount of any
payment (or prepayment) of the

  
 13
 

 

 

principal or
premium, if any, or interest due under the Junior Lender Loan Documents (except
as set forth in the Junior Lender Loan Documents on the date hereof); (c)
increases any fee(s) payable under the Junior Lender Loan Documents or imposes
an additional fee under the Junior Lender Loan Documents (except as set forth
in the Junior Lender Loan Documents on the date hereof); (d) modifies the
amortization of principal provided for in the Junior Lender Loan Documents
(except as set forth in the Junior Lender Loan Documents on the date hereof);
(e) imposes any greater monetary obligation or modifies any existing covenant
to cause such existing covenant to be materially more stringent or restrictive
on the Borrower or imposes an additional covenant that is materially more
stringent or restrictive on the Borrower other than those provided in the
Junior Lender Loan Agreement as of the date of this Agreement; or (f) increases
the amount of the loans or advances made to, or the indebtedness owed by, any
Loan Party (except as set forth in the Junior Lender Documents on the date
hereof), whether under the Put Notes or otherwise.  In addition to and without limiting the
generality of the foregoing, the Junior Lenders and the Borrower agree that
they shall not have the right to amend or modify or permit any amendment or
modification to the rights of first refusal of the Agent contained in the
Warrants (or any other of the Junior Lender Loan Documents) as referred to in Section
3.18 hereof.

2.06         Notices of Default.  Each of the Agent and the Term Loans B Agent
shall use its reasonable efforts to provide to the Junior Lenders copies of any
notice of the occurrence or existence of an Event of Default (as defined in the
Senior Lender Credit Agreement and the Term Loans B Credit Agreement,
respectively), but the failure to do so shall not affect the validity of such
notice, or create a cause of action against the party failing to give such
notice, or create any claim or right on behalf of any third party.  The sending or receipt of such notice shall
not obligate the recipient to cure such default.  The Junior Lenders shall promptly provide the
Agent and the Term Loans B Agent with written notice of the occurrence or
existence of a potential default or event of default as set forth in Section
2.03(b) hereof, but the failure to do so shall not affect the validity of
such notice, or create a cause of action against the party failing to give such
notice, or create any claim or right on behalf of any third party.

2.07         Subrogation.  The Junior Lenders shall not acquire, by
subrogation, contract or otherwise, any security interest in or lien upon the
Collateral (or any part thereof or interest therein) or any other estate, right
or interest in the Collateral (or any part thereof or interest therein),
including, without limitation, any security interest or lien which may arise in
respect to taxes, assessments or other governmental charges which is or may be
prior in right to any security interest or lien created, evidenced or arising
under any of the Senior Lender Loan Documents.

2.08         Release or
Compromise by the Agent.  Each of the
Agent and the Term Loans B Agent may, in its sole and absolute discretion,
without effecting the subordination of the Junior Lender Claim or the Junior
Lender Loan Documents and without affecting the Agent’s first lien position,
the Term Loans B Agent’s lien position, or any of their respective other rights
hereunder, and without notice to, or the consent of, the Junior Lenders:

  
 14
 

 

 

(a)           release or compromise any obligation
with respect to the Senior Lender Claim, or

(b)           release any of the Agent’s or the
Term Loans B Agent’s liens or security interests in, or surrender or release,
or permit any substitution or exchange of, all or any part of any Collateral,
or

(c)           retain or obtain a lien or security
interest in any property to further secure payment or performance of any
obligation with respect to the Senior Lender Claim, or

(d)           retain or obtain the obligation of
the Loan Parties or the Limited Partners with respect to the Senior Lender
Claim or any part thereof, or

(e)           sell, exchange, realize upon or
otherwise deal with, in any manner and in any order, any of the Collateral or
any part thereof in accordance with this Agreement, the Senior Lender Loan
Documents or applicable law.

2.09         Cross-Default.
 A default or event of default under, the
commencement of any foreclosure proceeding under or the enforcement of any
other remedy under any of the Junior Lender Loan Documents by the Junior
Lenders shall, at the option of the Agent and the Term Loans B Agent,
constitute an Event of Default (as defined in the Senior Lender Credit
Agreement and the Term Loans B Credit Agreement, respectively) under the Senior
Lender Loan Documents at the time of such commencement or enforcement.

2.10         Further
Subordinations.  So long as:

(a)           the Senior Lender Claim (or any other
amount payable pursuant to the Senior Lender Loan Documents) is outstanding, or

(b)           the Agent or any Bank, or the Term
Loans B Agent or any Term Loans B Bank, has any obligation under the Senior
Lender Loan Documents, or

(c)           there is any lien or security
interest under the Senior Lender Loan Documents against the Collateral or any
part thereof securing the Senior Lender Claim or any part thereof, then the
Junior Lenders shall execute, acknowledge and deliver, upon the Agent’s or the
Term Loans B Agent’s reasonable demand, and any time or from time to time, any
and all further reasonable subordinations, agreements or other instruments in
recordable form as the Agent or the Term Loans B Agent, as applicable, may
reasonably require for carrying out the purpose and intent of this Agreement,
so long as the same are consistent with and do not limit the rights or increase
the obligations of the Junior Lenders beyond that expressly stated in this
Agreement.

2.11         True Copies of
Loan Documents.  The Junior Lenders
represent and warrant that they have delivered to the Agent true and complete
copies of the Junior Lender Loan Documents, and such documents have not been
amended, modified or

  
 15
 

 

 

supplemented
in any way, except for any amendment which has been delivered to the
Agent.  The Agent represents and warrants
that it has delivered to the Junior Lenders true and complete copies of the
Senior Lender Loan Documents referred to in clause (a) of the definition
of such term, and such documents have not been amended, modified or
supplemented in any way, except for any amendment which has been delivered to
the Junior Lenders or is permitted by this Agreement.  The Term Loans B Agent represents and wants
that it has delivered to the Junior Lenders true and complete copies of the
Senior Lender Loan Documents referred to in clause (b) of the definition
of such term, and such documents have not been amended, modified or
supplemented in any way, except for any amendment which has been delivered to
the Junior Lenders or is permitted by this Agreement.

2.12         Waiver.  The Junior Lenders hereby expressly waive any
right that they otherwise might have to require the Agent or the Term Loans B
Agent to marshal assets or to resort to Collateral in any particular order or
manner, whether provided for by common law or statute.

2.13         Transfer of Junior
Lender Claim.  The Junior Lenders
will cause each of the Put Notes and all other notes, bonds or other
instruments evidencing the Junior Lender Claim or any part thereof to contain a
specific statement thereon to the effect that the indebtedness thereby
evidenced is subject to the provisions of this Agreement, and the Junior
Lenders will mark their books conspicuously to evidence the subordination effected
hereby.  The Junior Lenders will not
assign, transfer or pledge to any other Person any of the Junior Lender Claim
without (a) contemporaneous written notice to the Agent and the Term Loans B
Agent of such assignment, transfer or pledge, and (b) delivery to the Agent and
the Term Loans B Agent of the duly executed written agreement of such assignee,
transferee or pledgee to be bound by this Agreement.

2.14         Insolvency
Proceedings.  In the event of any
Insolvency Proceeding, the Junior Lenders will file all claims, proofs of claim
or other instruments of similar character necessary to enforce the obligations
of the Borrower and/or the General Partner in respect of the Junior Lender
Claim and will hold in trust for the Agent and the Term Loans B Agent and
promptly pay over to the Agent in the form received (except for the endorsement
of the Junior Lenders where necessary), for application to the Senior Lender
Claim, any and all moneys, dividends or other assets received in any such
proceedings on account of the Junior Lender Claim, unless and until the Senior
Lender Claim has been paid in full in cash; provided, however,
that the Junior Lenders shall be entitled to receive and retain Reorganization
Securities.  If the Junior Lenders shall
fail to take any such action, the Agent, as attorney-in-fact for the Junior
Lenders, may take such action on the Junior Lenders’ behalf.  The Junior Lenders hereby irrevocably appoint
the Agent, or any of its officers or employees on behalf of the Agent, as the
attorney-in-fact for the Junior Lenders, upon the Junior Lenders’ default of
their undertakings herein, to demand, sue for, collect, and receive any and all
such moneys, dividends or other assets and give acquittance therefor and to
file any claim, proof of claim or other instrument of similar character, and to
take such other action in the Agent’s own name or in the name of the Junior
Lenders as the Agent may deem necessary or advisable for the enforcement of the
agreements contained herein; and the Junior Lenders will execute and deliver to
the

  
 16
 

 

 

Agent and the
Term Loans B Agent such other and further powers-of-attorney or instruments as
the Agent or the Term Loans B Agent may request in order to accomplish the
foregoing.  Subject to the term and
conditions of this Agreement, the Junior Lenders agree that the Agent and the
Banks, and the Term Loans B Agent and the Term Loans B Bank, may consent to the
use of cash collateral or provide financing to the Borrower on such terms and
conditions and in such amounts as they, in their sole but reasonable
discretion, may decide and that, in connection with such cash collateral usage
or such financing, the Borrower, the other Loan Parties and/or the Limited
Partners (or a trustee appointed for the estate of them or any of them) may
grant to the Agent and the Banks, and the Term Loans B Agent and the Term Loans
B Banks, as the case may be, security interests and liens which (a) shall
secure payment of the Senior Lender Claim (whether any portion of the Senior
Lender Claim arose prior to the commencement of the Insolvency Proceeding or
arises thereafter); and (b) shall be superior in priority to the security
interests and liens, if any, held by the Junior Lenders on any assets of the
Borrower, the other Loan Parties and/or the Limited Partners (provided that
such security interests and liens granted to the Term Loans B Agent and the
Term Loans B Banks shall be junior and subordinate to the security interests
and liens of the Agent and the Banks as provided in, and shall otherwise be subject
to, the terms and provisions of the Term Loans B Intercreditor Agreement).  All allocations of payments between (i) the
Agent and the Term Loans B Agent and (ii) the Junior Lenders shall, subject to
any court order, continue to be made after the commencement of an Insolvency
Proceeding on the same basis that the payments were to be allocated prior to
the date of such commencement.  The
Junior Lenders waive any claim they may now or hereafter have arising out of
the Agent’s and the Banks’ or the Term Loans B Agent’s and the Term Loans B
Banks’ election, in any Insolvency Proceeding, of the application of Section
1111(b)(2) of the Bankruptcy Code, and/or any borrowing or grant of a security
interest or lien under Section 364 of the Bankruptcy Code by the Borrower, the
other Loan Parties and/or the Limited Partners, as debtor(s) in
possession.  The Junior Lenders agree not
to initiate or prosecute any action or other proceeding (A) challenging the
enforceability of the Senior Lender Claim, (B) challenging the enforceability
of any of the security interests or liens on assets securing all or any part of
the Senior Lender Claim (including, without limitation, the Collateral), or (C)
asserting any claim which the Borrower, the other Loan Parties and/or the Limited
Partners may hold with respect to the Agent or the Banks or the Term Loans B
Agent or the Term Loans B Banks. 
Notwithstanding anything in this Agreement to the contrary, the Junior
Lenders shall be entitled to receive and retain any Reorganization Securities
issued in an Insolvency Proceeding in respect of the Junior Lender Claim.

2.15         Permitted
Subrogation.  Subject to the
indefeasible payment in full in cash of the Senior Lender Claim, the Junior
Lenders shall be subrogated to the rights of the Agent and the Term Loans B
Agent to receive payments or distributions of assets of the Borrower made with
respect to the Senior Lender Claim until the Junior Lender Claim has been paid
in full in cash; and, for purposes of such subrogation, no payments or distributions
to the Agent or the Term Loans B Agent of any cash, property or securities to
which the Junior Lenders would be entitled but for the provisions of this
Agreement, and no payment by the Junior Lenders to the Agent or the Term Loans
B Agent pursuant to the provisions of this Agreement shall, as among the
Borrower, the other Loan Parties

  
 17
 

 

 

and/or the
Limited Partners, the creditors of the Borrower, the other Loan Parties and/or
the Limited Partners (other than the Agent and the Term Loans B Agent) and the
Junior Lenders, be deemed to be a payment by such Person to or on account of
the Senior Lender Claim.

2.16         No Assignment by
the Junior Lenders.  The Junior
Lenders represent and warrant that they have not previously assigned any
interest in the Junior Lender Claim or any of the Junior Lender Loan Documents,
that no other party owns an interest in the Junior Lender Claim and that the
entire Junior Lender Claim is owing only to the Junior Lenders, and the Junior
Lenders covenant that the Junior Lender Claim shall continue to be owing only
to the Junior Lenders unless transferred in accordance with the express terms
of this Agreement.

ARTICLE III

MISCELLANEOUS

3.01         Notices.  All notices under this Agreement shall be
effective upon receipt, shall be in writing, and shall be sent by certified
mail, return receipt requested, or telecopy (a) if to the Agent, to:

	
  

  	
  PNC Bank, National Association

  Two Tower Center Blvd., 8th Floor

  East Brunswick, N.J. 08816

  Attn: Josephine Griffin

  Telephone: (732) 220-4388

  Telecopier: (732) 220-4548

  Email: josephine.griffin@pncbusinesscredit.com

  
	
   

  	
   

  
	
   

  	
  and

  
	
   

  	
   

  
	
   

  	
  PNC Bank, National Association

  2121 San Jacinto, Suite 1850

  Dallas, TX 75201

  Attn: John Wattinger

  Telephone: (214) 871-1247

  Telecopier: (214) 871-2015

  Email: john.wattinaer@pncbusinesscredit.com

  
	
   

  	
   

  
	
  with a copy to:

  	
  Jenkens & Gilchrist, PC

  1445 Ross Avenue, Suite 3200

  Dallas, Texas 75202

  Attn: Ronald D. Rosener, Esq.

  Telephone: (214) 855-4332

  Telecopier: (214) 855-4300

  Email: rrosener@jenkens.com

  

 

  
 18
 

 

 

	
  and (b) if to the Term Loans
  B Agent, to:

  	 

	
   

  	
   

  	 

	
   

  	
  ORIX USA Corporation

  	
   

  
	
   

  	
  1717 Main Street, Suite 900

  	
   

  
	
   

  	
  Dallas, Texas 75201

  
	
   

  	
  Attn: 

  	
  Ann Erickson

  
	
   

  	
   

  	
  Operations Manager

  
	
   

  	
   

  	
  Corporate Finance Group

  
	
   

  	
  Telephone: (214) 237-2366

  
	
   

  	
  Telecopier: (214) 237-2352

  	
   

  
	
   

  	
  Email: aerickson@orix.com

  	
   

  
	
   

  	
   

  
	
  with a copy to: 

  	
  Patton Boggs LLP

  2001 Ross Avenue

  Dallas, Texas 75201

  Attn:  J. Baker, Esq.

  Telephone: (214) 758-1512

  Telecopier: (214) 758-1550

  Email: jbaker@pattonboggs.com

  
	
   

  	
   

  
	
  and (c) if to the Junior
  Lenders, to:

  	
   

  
	
   

  	
  PNC Venture Corp, PNC Equity Partners, L.P. and

  Erie Indemnity Company

  c/o PNC Equity Management Corp.

  One PNC Plaza, 8th Floor

  249 Fifth Avenue

  Pittsburgh, PA 15222

  Attn: David Blair

  Telecopier: (412) 762-6233

  
	
   

  	
   

  
	
  with a copy to: 

  	
  Cohen & Grigsby, P.C.

  11 Stanwix Street, 15th Floor

  Pittsburgh, PA 15222

  Attn: Jeff Peters

  Telecopier:  (412) 209-0672

  
						

 

or to such other address or person as any of the parties to this
Agreement may designate in writing to the other parties.  Notice shall be deemed received when
presented for delivery to the United States Post Office or the transmitting
utility.

3.02         Contesting
Security Interests.  The Junior
Lenders shall not contest the Senior Lender Claim or the grant, validity,
perfection, priority or enforceability of any lien or security interest granted
to the Agent or any of the Banks, or to the Term Loans B Agent or the Term
Loans B Banks, as contemplated by the terms of this Agreement.

  
 19
 

 

 

3.03         No Benefit to
Third Parties.  The terms and
provisions of this Agreement shall be for the sole benefit of the Lenders and
their respective successors and assigns and loan participants, and no other
Person, firm, entity or corporation shall have any right, benefit, priority or
interest under or because of this Agreement. 
Nothing contained in this Agreement is intended to affect or limit in
any way the security interest and/or liens of the Agent or the Term Loans B
Agent in or on any or all of the property and assets of the Borrower, the other
Loan Parties and/or the Limited Partners, whether tangible or intangible,
insofar as the Borrower, the other Loan Parties and/or the Limited Partners and
third parties are concerned.  Each of the
Agent and the Term Loans B Agent specifically reserves all of its security
interests and/or liens and its right to assert such security interests and/or
liens as against the Borrower, the other Loan Parties and/or the limited
Partners and third parties.

3.04         No Commitment.  None of the provisions of this Agreement
shall be deemed or construed to constitute or imply any commitment or
obligation on the part of the Agent or the Banks, the Term Loans B Agent or the
Term Loans B Banks or the Junior Lenders to make any future loans or other
extensions of credit or financial accommodations to the Borrower, any other
Loan Party or any Limited Partner.

3.05         Conflict in
Agreements.  If the subordination or
other provisions of any agreement, document or investment evidencing the Junior
Lender Claim conflict with the terms of this Agreement, the terms of this
Agreement shall govern the relationship between (a) the Agent and the Term
Loans B Agent, and (b) the Junior Lenders.

3.06         Effect of
Bankruptcy of the Loan Parties.  This
Agreement shall remain in full force and effect notwithstanding the filing of a
petition for relief by or against the Borrower, any other Loan Parties and/or
the Limited Partners under the United States Bankruptcy Code and shall apply
with full force and effect with respect to all of the Collateral acquired by
the Borrower, any other Loan Parties and/or the Limited Partners and to all
additional claims incurred by the Borrower, any other Loan Parties and/or the
Limited Partners, subsequent to the date of said petition.

3.07         Independent Credit
Investigations.  Neither any Lender
nor any of their respective directors, officers, agents or employees shall be
responsible to any other Lender or to any other Person, firm, entity or
corporation, for (a) any Loan Party’s or Limited Partner’s solvency, financial
condition or ability to repay the Senior Lender Claim or the Junior Lender
Claim; (b) statements of the Loan Parties or the Limited Partners, oral or
written; (c) the validity, sufficiency or enforceability of the Senior Lender
Claim or the Junior Lender Claim, the Senior Lender Loan Documents or the
Junior Lender Loan Documents; or (d) any liens or security interests granted by
the Loan Parties or the Limited Partners to the Agent or the Term Loans B Agent
in connection with the Senior Lender Loan Documents.  Each Lender has entered into its respective
financing agreements with the Borrower and the other Loan Parties based upon
its own independent investigation, and makes no warranty or representation to
the other Lender nor does it rely upon any representation of the other Lender
with respect to matters identified or referred to in this Section.

  
 20
 

 

 

3.08         Limitation on
Liability of the Lenders to Each Other. 
Except as provided in this Agreement, no Lender shall have any liability
to the other Lender other than liability arising out of gross negligence or
willful misconduct as finally determined by a court of competent jurisdiction.

3.09         Waivers; Failure
or Delay.  No failure or delay on the
part of any Lender in the exercise of any power, right, remedy or privilege
under this Agreement shall impair such power, right, remedy or privilege or
shall operate as a waiver thereof; nor shall any single or partial exercise of
any such power, right, remedy or privilege preclude any other or further
exercise of any other power, right, remedy or privilege.  The waiver of any such right, power, remedy
or privilege with respect to particular facts and circumstances shall not be
deemed to be a waiver with respect to other facts and circumstances.

3.10         Amendments to this
Agreement.  All modifications or amendments
of this Agreement must be in writing and duly executed by an authorized officer
of each Lender to be binding and enforceable.

3.11         Successors and
Assigns.  This Agreement shall be
binding upon and inure to the benefit of the respective successors, assigns and
participants of the Lenders.

3.12         Governing Law;
Consent to Jurisdiction.  This
Agreement shall be governed as to validity, interpretation, enforcement and
effect by the laws of the State of Texas and for all purposes shall be governed
by and construed and enforced in accordance with the substantive laws, and not
the laws of conflicts, of said State. 
Each Lender consents to the exclusive jurisdiction and venue of the
federal and state courts located in Dallas County, Texas, in any action on, relating
to or mentioning this Agreement.

3.13         WAIVER OF TRIAL BY
JURY.  THE BORROWER AND THE LENDERS
EXPRESSLY, KNOWINGLY AND VOLUNTARILY WAIVE ALL BENEFIT AND ADVANTAGE OF ANY
RIGHT TO A TRIAL BY JURY, AND NEITHER WILL AT ANY TIME INSIST UPON, OR PLEAD OR
IN ANY MANNER WHATSOEVER CLAIM OR TAKE THE BENEFIT OR ADVANTAGE OF A TRIAL BY
JURY IN ANY ACTION ARISING IN CONNECTION WITH THIS AGREEMENT.

3.14         Termination.  This Agreement shall terminate upon the
earlier to occur of (a) a written termination agreement executed by each of the
Agent, the Term Loans B Agent and the Junior Lenders, (b) the indefeasible
payment in full of the Senior Lender Claim and the termination of all
obligations and commitments of the Agent and the Banks to make advances or
other financial accommodations to or for the benefit of the Borrower and the
other Loan Parties, or (c) indefeasible payment in full of the Junior Lender
Claim in compliance with this Agreement.

3.15         Reinstatement.  This Agreement shall be reinstated if any
payment received by the Agent or the Term Loans B Agent and applied to any
portion of the Senior Lender Claim is subsequently set aside, recovered,
rescinded or required to be

  
 21
 

 

 

returned for
any reason (including, without limitation, in an Insolvency Proceeding affecting
the Borrower, any other Loan Party or any Limited Partner), the portion of the
Senior Lender Claim to which such payment was applied shall for the purposes of
this Agreement be deemed to have continued in existence, notwithstanding such
application, and this Agreement shall be enforceable as to such portion of the
Senior Lender Claim as fully as if such application had never been made.

3.16         Counterparts.  This Agreement may be executed in any number
of counterparts, each of which shall be deemed to be an original and all of
which together shall be deemed to be a single instrument.

3.17         Agreement of the
Borrower and the General Partner. 
Each of the Borrower, the General Partner and the Subsidiaries agrees
that it will not pay any of the Junior Lender Claim owing by it to the Junior
Lenders except as permitted by this Agreement.

3.18         Rights of First
Refusal.  Each of the Junior Lenders,
the Borrower, the General Partner and the Subsidiaries agrees that the Agent
shall have the rights of first refusal granted pursuant to the terms of the
Warrants (as defined in the Junior Lender Loan Agreement) and may exercise and
enforce all of its rights thereunder in accordance with the terms thereof.

3.19         Term Loans B
Intercreditor Agreement. 
Notwithstanding anything to the contrary contained herein, the Agent and
the Term Loans B Agent agree that nothing contained herein is intended to or
shall amend, modify or affect, in any way, the terms and provisions of the Term
Loans B Intercreditor Agreement and, in the event of any inconsistency or
conflict between any term or provision of this Agreement and any term or
provision of the Term Loans B Intercreditor Agreement, the terms and provisions
of the Term Loans B Intercreditor Agreement shall control in all respects.

[INTENTIONALLY LEFT
BLANK]

 

  
 22

 

IN WITNESS WHEREOF, the Lenders, the Borrower and the
General Partner have executed this Agreement as of the day and year first
written above.

	
  

  	
   

  	
  PNC BANK, NATIONAL ASSOCIATION,

  
	
   

  	
   

  	
  as Agent for the Banks

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ John Wattinger

  
	
   

  	
   

  	
  Name:

  	
  John Wattinger

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
							

 

 23
 

 

 

	
  

  	
   

  	
  ORIX FINANCE CORP.,

  
	
   

  	
   

  	
  as Term Loans B Agent for

  
	
   

  	
   

  	
  the Term Loans B Banks

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Christopher L. Smith

  
	
   

  	
   

  	
  Name:

  	
  Christopher L. Smith

  
	
   

  	
   

  	
  Title:

  	
  Authorized Representative

  
						

 

  
 24
 

 

 

	
  

  	
   

  	
  PNC VENTURE CORP

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ David J. Blair

  
	
   

  	
   

  	
  Name:

  	
  David J. Blair

  
	
   

  	
   

  	
  Title:

  	
  Partner

  
						

 

 

  
 25
 

 

 

	
  

  	
   

  	
  PNC EQUITY PARTNERS, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ David J. Blair

  
	
   

  	
   

  	
  Name:

  	
  David J. Blair

  
	
   

  	
   

  	
  Title:

  	
  Partner

  
						

 

  
 26
 

 

 

 

	
  

  	
   

  	
  ERIE INDEMNITY COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Douglas F. Ziegler

  
	
   

  	
   

  	
  Name:

  	
  Douglas F. Ziegler

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President, Treasurer & Chief
  Investment Officer

  
						

 

  
 27
 

 

 

	
  

  	
   

  	
  CONNECTICUT GENERAL LIFE

  INSURANCE COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  CIGNA Investments, Inc.

  
	
   

  	
   

  	
   

  	
  (authorized agent)

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Edward Lewis

  
	
   

  	
   

  	
  Name:

  	
  Edward Lewis

  
	
   

  	
   

  	
  Title:

  	
  Senior Managing Director

  
						

 

  
 28
 

 

 

	
  

  	
   

  	
  CONNECTICUT GENERAL LIFE

  INSURANCE COMPANY

  
	
   

  	
   

  	
  In Respect of a Separate Account

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  CIGNA Investments Advisors, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Edward Lewis

  
	
   

  	
   

  	
  Name:

  	
  Edward Lewis

  
	
   

  	
   

  	
  Title:

  	
  Designee

  
						

 

  
 29
 

 

 

 

	
  

  	
   

  	
  LIFE INSURANCE COMPANY OF

  NORTH AMERICA

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  CIGNA Investments, Inc.

  
	
   

  	
   

  	
   

  	
  (authorized agent)

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Edward Lewis

  
	
   

  	
   

  	
  Name:

  	
  Edward Lewis

  
	
   

  	
   

  	
  Title:

  	
  Senior Managing Director

  
						

 

  
 30
 

 

 

	
  

  	
   

  	
  INSIGHT EQUITY A.P. X, LP

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Insight Equity A.P. X Company, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Ted W. Beneski

  
	
   

  	
   

  	
  Name: Ted W. Beneski

  
	
   

  	
   

  	
  Title: Chairman of the Board

  
					

 

  
 31
 

 

 

	
  

  	
   

  	
  INSIGHT EQUITY A.P. X COMPANY,

  LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Ted W. Beneski

  
	
   

  	
   

  	
  Name: Ted W. Beneski

  
	
   

  	
   

  	
  Title: Chairman of the Board

  

 

  
 32
 

 

 

	
  

  	
   

  	
  INSIGHT EQUITY A.P. X ASIA, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Ted W. Beneski

  
	
   

  	
   

  	
  Name: Ted W. Beneski

  
	
   

  	
   

  	
  Title: Chairman of the Board

  

 

  
 33
 

 

 

	
  

  	
   

  	
  PT. VISION-EASE ASIA

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Ted W. Beneski

  
	
   

  	
   

  	
  Name: Ted W. Beneski

  
	
   

  	
   

  	
  Title: Chairman of the Board

  

 

  
 34
 

 

 

	
  

  	
   

  	
  INSIGHT EQUITY A.P. X CANADA

  PARTNERS, LP

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Ted W. Beneski

  
	
   

  	
   

  	
  Name: Ted W. Beneski

  
	
   

  	
   

  	
  Title: Chairman of the Board

  

 

  
 35
 

 

 

 

	
  

  	
   

  	
  INSIGHT EQUITY A.P. X CANADA, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Ted W. Beneski

  
	
   

  	
   

  	
  Name: Ted W. Beneski

  
	
   

  	
   

  	
  Title: Chairman of the Board

  

 

  
 36
 

 

 

 

	
  

  	
   

  	
  VISION-EASE CANADA CO.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Ted W. Beneski

  
	
   

  	
   

  	
  Name: Ted W. Beneski

  
	
   

  	
   

  	
  Title: Chairman of the Board

  

 

  
 37
 

 

 

	
  

  	
   

  	
  VISION EASE LENS EUROPE LIMITED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Rich Faber

  
	
   

  	
   

  	
  Name: Rich Faber

  
	
   

  	
   

  	
  Title: Director

  

 

  
 38
 

 

 

	
  

  	
   

  	
  VISION-EASE LENSE LIMITED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Rich Faber

  
	
   

  	
   

  	
  Name: Rich Faber

  
	
   

  	
   

  	
  Title: Director

  

 

  
 39Exhibit 10.9

LIEN
SUBORDINATION AGREEMENT

The undersigned, pursuant to that certain Loan and
Security Agreement, dated as of December 1, 2005, by and among the Obligor (as
defined below), certain of its subsidiaries and affiliates, certain financial
institutions party thereto from time to time (individually, a “Lender” and
collectively, the “Lenders”) and the undersigned, as a Lender and in its
capacity as agent for the Lenders (in such capacity, “Agent”), as the same may
be amended, supplemented, restated, modified or refinanced from time to time
(the “Credit Agreement”), has or may acquire a security interest or other lien
in the Property, as hereinafter defined, which is now, or hereafter may be,
owned or leased by Insight Equity A.P. X, LP (“Obligor”).  “Property” means the property identified on Schedule
“A” and the identifiable proceeds thereof.

The undersigned understands that ORIX Financial
Services, Inc. (“ORIX”) has or may acquire a security interest in the Property,
or is or will become the owner of the Property.

NOW, THEREFORE, in consideration of the foregoing, the
undersigned agrees as follows:

1.             The undersigned’s security interest or other lien, if
any, in the Property, whenever or however acquired (and without regard to the
order of attachment or perfection, whether by the filing of financing
statements or otherwise), shall be subordinate and inferior to any security
interest which ORIX may have or may hereafter acquire in the Property if and to
the extent that such security interest secures debt in the principal amount not
to exceed $616,560, together with interest accrued on such principal amount,
owed by Obligor to ORIX (the “Permitted ORIX Debt”).

2.             The undersigned waives notice of the retention of title
by ORIX or the attachment of any security interest in the Property in favor of
ORIX.  The undersigned will not enforce
its security interest or other lien in the Property, if any, until the earliest
to occur of (a) the date when all Permitted ORIX Debt owing by Obligor to ORIX
has been finally and irrevocably paid in full, (b) the undersigned has given
ORIX (at its address below) 90 days prior written notice of the undersigned’s
intention to enforce its security interest with respect to the Property, or (c)
ORIX or its successor or assign has instituted any similar enforcement action
against or with respect to the Property.

3.             This Lien Subordination Agreement shall be binding on
the successors and assigns of the undersigned, including any party to whom the
undersigned transfers its interest in the Property and shall inure to the
benefit of the successors and assigns of ORIX.

4.             The undersigned will take such action and will execute
and deliver such documents as may be reasonably requested by ORIX to further
evidence and carry out the terms of this Lien Subordination Agreement.

5.             No provision of this Lien Subordination Agreement may be
waived or modified except in a writing signed by the parties.

 

 

6.             This Lien Subordination Agreement shall be construed and
enforced in accordance with, and governed by, the laws of the State of Texas,
without regard to principles of conflicts of laws.

7.             Obligor and the Agent and the Lenders under the Credit
Agreement agree that, effective as of the date of the incurrence of the
Permitted ORIX Debt, the Permitted ORIX Debt shall be deemed to constitute “purchase
money Indebtedness” for all purposes of Section 7.8 of the Credit Agreement.

[SIGNATURE PAGE FOLLOWS]

 

 

	
  

  	
   

  	
  ORIX FINANCE CORP., as Lender and as Agent

  under the Credit Agreement

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Glenn Johnson

  
	
   

  	
   

  	
  Name:

  	
  Glenn Johnson

  
	
   

  	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
  Date: March 7, 2006

  
						

 

 

 

	
  

  	
   

  	
  ORIX FINANCIAL SERVICES, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Sheila Mahon

  
	
   

  	
   

  	
  Name:

  	
  Sheila Mahon

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President

  
	
   

  	
   

  	
  Date: March 7, 2006

  
						

 

 

	
  

  	
   

  	
  Address for Notice Purposes:

  

 

 

	
  

  	
   

  	
  ORIX Financial Services, Inc.

  
	
   

  	
   

  	
  600 Town Park Lane

  
	
   

  	
   

  	
  Kennesaw, GA 30144-3729

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attn:

  	
  Portfolio Department

  
	
   

  	
   

  	
  Telephone:

  	
   

  
	
   

  	
   

  	
  Telecopier:

  	
  (770) 970-6702

  
					

 

 

 

	
  

  	
   

  	
  INSIGHT EQUITY A.P. X, LP

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Insight Equity A.P. X Company, LLC

  
	
   

  	
   

  	
   

  	
  Its General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Ted W. Beneski

  
	
   

  	
   

  	
  Name:

  	
  Ted W. Beneski

  
	
   

  	
   

  	
  Title:

  	
  Chairman/Mgr.

  
	
   

  	
   

  	
  Date: March 9, 2006

  
							

 

 

 

The undersigned Lenders under the Credit Agreement
hereby agree with and consent to the terms and provisions of this Lien
Subordination Agreement.

 

	
  

  	
   

  	
  BILL & MELINDA GATES FOUNDATION,

  
	
   

  	
   

  	
  as a Leader under the Credit Agreement

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Michael Larson

  
	
   

  	
   

  	
  Name:

  	
  Michael Larson

  
	
   

  	
   

  	
  Title:

  	
  Investment Manager

  
	
   

  	
   

  	
  Date: March 9, 2006

  
						

 

 

 

	
  

  	
   

  	
  CASCADE INVESTMENTS, L.L.C.,

  
	
   

  	
   

  	
  as a Lender under the Credit Agreement

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Michael Larson

  
	
   

  	
   

  	
  Name:

  	
  Michael Larson

  
	
   

  	
   

  	
  Title:

  	
  Business Manager

  
	
   

  	
   

  	
  Date: March 9, 2006

  
						

 

 

 

 

	
  

  	
   

  	
  ARROW INVESTMENT PARTNERS,

  
	
   

  	
   

  	
  as a Lender under the Credit Agreement

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Grandview Capital Management, LLC, as

  
	
   

  	
   

  	
   

  	
  Authorized Agent and Investment Advisor

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Kevin S. Buckle

  
	
   

  	
   

  	
  Name: Kevin S. Buckle

  
	
   

  	
   

  	
  Title: Senior Vice President

  
	
   

  	
   

  	
  Date: March 10, 2006

  

 

 

 

	
  

  	
   

  	
  NEWSTAR CP FUNDING LLC, as a Lender under

  
	
   

  	
   

  	
  the Credit Agreement

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  NewStar Financial, Inc., its designated

  
	
   

  	
   

  	
   

  	
  Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Walter J. Marullo

  
	
   

  	
   

  	
  Name: Walter J. Marullo

  
	
   

  	
   

  	
  Title: Director

  
	
   

  	
   

  	
  Date: March 7, 2006

  

 

 

 

LIEN SUBORDINATION
AGREEMENT

SCHEDULE “A” TO

LIEN SUBORDINATION AGREEMENT

	
  Obligor:

  	
   

  	
  Insight Equity A.P. X, LP

  

 

Property:

	
  Quantity

  	
   

  	
  Description

  	
   

  	
  Serial No.

  	
   

  
	
  Three (3) New

  	
   

  	
  Milacron Roboshots 330 SiB Injection Molding
  Machines

  	
   

  	
  s/n
  4190A01/05-11,

  s/n 4190A01/05-12

  s/n 4190A01/05-14

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Three (3) New

  	
   

  	
  M-16iLB Fanue Robot - Long Arms with Options and
  Pedestals

  	
   

  	
  F#73732,
  F#74282,

  and F#74278

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  One (1) New

  	
   

  	
  M-16iB Fanue Robot - Short Arm With Options and
  Pedestal

  	
   

  	
  F#73182

  	
   

  

 

All the foregoing equipment together with all
accessories, attachments and accessions related thereto (collectively “Property”).

	
  /s/ GM

  
	
  Initials

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]