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    EMCORE
      CONFIDENTIAL

    

    February
      8, 2007

    

    BY
      EMAIL

    

    Thomas
      G.
      Werthan

    169
      Ticonderoga Blvd.

    Freehold,
      NJ 07728

    

    
      	 	
              Re:
                

            	
              Consulting
                Services Agreement

            

    

    

    Dear
      Tom:

    

    This
      letter will act as our agreement (the “Consulting Agreement”)
      regarding your performance of consulting services for EMCORE Corporation
      (“EMCORE”
or
      the
“Company”),
      including any of EMCORE’s divisions, subsidiaries, or affiliates.

    

    1.  Personal
      Service Agreement.
      Both
      EMCORE and you agree that, in consideration for the severance payments and
      other
      benefits described in the severance agreement dated February 8, 2007 between
      you
      and the Company (the “Severance Agreement”),
      you
      are
      to personally provide all of the services under this Consulting
      Agreement.

    

    2.  Job
      Description.
      The
      scope of services to be rendered under this Consulting Agreement are as
      follows:

     

    A)
      Support the Fiscal 2006 audit, preparation of documents to support the stock
      option review, including tasks as required by the Special Committee, Deloitte
      & Touche and representation at meetings which require your attendance such
      as NASDAQ and SEC meetings. 

    

    B)
      Assist
      in the preparation of EMCORE’s Form 10-K for the fiscal year ended September 30,
      2006 and any restatements required by the impact of the options review
      adjustment. 

    

    C)
      Assist
      in the preparation of EMCORE’s first quarter Form 10-Q for the period ending
      December 31, 2006. 

    

    Your
      work
      will be directed and overseen by Reuben F. Richards, Jr. You agree to devote
      between 12 to 15 hours per week until the above assignments are completed,
      but
      in no event to continue past March 31, 2007 unless mutually agreed to by both
      parties. 

    

    3.  Conditions.
      You
      understand that, for all purposes under this Consulting Agreement, you will
      operate as an independent contractor. Consequently, you retain full independence
      in exercising judgment as to the time, place and manner of performing the
      services hereunder. EMCORE will not provide any health or other employee
      benefits under this Agreement.

    

    4.  Term
      of Agreement.
      This
      Consulting Agreement shall commence as of the date of signature by all parties
      and shall continue until the Form 10-K and first quarter Form 10-Q have been
      prepared, with an estimated expiration date of March 31, 2007. 

    

    5. Expenses.
      

    

    (a) EMCORE
      also will reimburse you for your reasonable travel and business expenses in
      accordance with EMCORE’s then-current policies. 

    

    (b) You
      shall
      transmit itemized monthly invoices to: EMCORE Corporation, Attn: Accounts
      Payable, 10420 Research Rd. SE, Albuquerque, NM 87123 (with a copy to your
      POC),
      which EMCORE shall pay within thirty (30) days.

    

    6. Confidentiality
      Agreement.

     

    (a) You
      understand that during the term of this Consulting Agreement, you may have
      access to unpublished and otherwise confidential information (“Confidential
      Information”)
      both
      of a technical and non-technical nature, relating to the business of the
      Company, its actual or anticipated business or financial condition, research
      or
      development, its technology or the implementation or exploitation thereof,
      including without limitation information pertaining to customers, accounts,
      vendors, prices, costs, materials, processes, material results, materials,
      technology, device results, system designs, system specifications, materials
      of
      construction, trade secrets and equipment designs, including information
      disclosed to the Company by others under agreements to hold such information
      confidential. You agree to observe all Company policies and procedures
      concerning such Confidential Information. Your obligations under this Consulting
      Agreement will continue with respect to Confidential Information until such
      information becomes generally available from public sources through no fault
      of
      your own. 

     

    (b) On
      termination of this Consulting Agreement for any reason, you will promptly
      deliver to the Company all documents, records, files, notebooks, manuals,
      letters, notes, reports, customer and supplier lists, cost and profit data,
      apparatus, drawings, blueprints, and any other material of the Company,
      including all materials pertaining to Confidential Information developed by
      you
      or others, and all copies of such materials, whether of a technical, business
      or
      fiscal nature, which are in your possession, custody or control.

    

    7. Indemnification.

    

    (a)  As
      further consideration under the Consulting Agreement, EMCORE agrees to indemnify
      and hold you harmless to the fullest extent lawful, from and against, and EMCORE
      agrees that you shall have no liability to EMCORE or its owners, parents,
      affiliates, securityholders or creditors for, any claims, liabilities, losses,
      damages and expenses (or actions in respect thereof), as incurred (“Losses”),
      related to or arising out of or in connection with your services under the
      Agreement, whether or not resulting from your negligence, provided,
      however,
      that
      EMCORE shall not be responsible for any of your Losses that are determined,
      by a
      final, non-appealable judgment by a court or arbitral tribunal, to have resulted
      solely from your gross negligence or willful misconduct. 

     

    (b)  EMCORE
      shall not settle or compromise or consent to the entry of any judgment in,
      or
      otherwise seek to terminate any pending or threatened action, claim, suit or
      proceeding in which you are or may be a party unless you have given its prior
      written consent, or the settlement, compromise, consent or termination includes
      an express unconditional release from all Losses arising out of such action,
      claim, suit or proceeding.

     

    (c)  If,
      for
      any reason (other than your gross negligence or willful misconduct as provided
      above) the foregoing indemnity is unavailable to you or insufficient to hold
      you
      harmless, then EMCORE, to the fullest extent permitted by law, shall contribute
      to the amount paid or payable by you as a result of such Losses in such
      proportion as is appropriate to reflect the relative benefits received or
      proposed to be received by EMCORE on the one hand and by you on the other,
      from
      the services or, if allocation on that basis is not permitted under applicable
      law, in such proportion as is appropriate to reflect not only the relative
      benefits received by EMCORE on the one hand and you on the other, but also
      the
      relative fault of EMCORE and you, as well as any relevant equitable
      considerations. Notwithstanding the provisions hereof, your aggregate
      contribution to all Losses shall not exceed the amount of fees actually received
      by you with respect to the services rendered pursuant to the Consulting
      Agreement. 

     

    (d)  EMCORE
      agrees to reimburse you for all expenses (including, without limitation, fees
      and expenses of counsel) as they are incurred in connection with investigating,
      preparing, defending or settling any action or claim for which indemnification
      or contribution has or is reasonably likely to be sought by you, whether or
      not
      in connection with litigation in which you are a named party. If you appear
      as a
      witness, are deposed or are otherwise involved in the defense of any action
      against EMCORE or the Company’s affiliates, officers, managers, directors or
      employees (other than an action in which you are named as a defendant in
      connection with your past services to the Company, either as an officer or
      a
      director), EMCORE will pay you (i) with respect to each day that you appear
      as a
      witness or are deposed and/or (ii) with respect to each day that you are
      involved in the preparation therefor, (a) a fee of $3,500 per day with respect
      to each appearance as a witness or a deponent and (b) at a rate of $350 per
      hour
      with respect to each hour of preparation for any such appearance, and EMCORE
      will reimburse you for all reasonable out-of-pocket expenses incurred by you
      by
      reason of your being involved in any such action.

     

    (e)  The
      indemnity, contribution and expense reimbursement obligations set forth herein
      (i) shall be in addition to any liability EMCORE may have to you, as a result
      of
      your serving and/or having served as director and chief financial officer and
      an
      executive officer of EMCORE, and shall be in addition to any obligation EMCORE
      may have to you under the by-laws or insurance policies, at common law or
      otherwise, (ii) shall survive the expiration or termination of the Consulting
      Agreement or your services hereunder, (iii) shall apply to any modification
      of
      your engagement and shall remain in full force and effect following the
      completion or termination of the Consulting Agreement, (iv) shall be binding
      on
      any successor or assign of EMCORE and successors or assigns to EMCORE’s business
      and assets and (vi) shall inure to the benefit of your successors and
      estate.

     

    8. Additional
      Terms.

    

    (a) EMCORE
      may at any time assign all of its right, title and interest hereunder to a
      corporation or other entity which shall assume EMCORE’s obligations under this
      Consulting Agreement and thereafter be released of and from any and all
      liability to you. In the event that EMCORE assigns its right, title or interest
      hereunder, (i) EMCORE shall pay all outstanding balances due to you on or
      before the date of assignment, and (ii) you may, upon two weeks notice,
      terminate this Consulting Agreement. Because your duties and services in this
      Consulting Agreement are special, personal and unique in nature, you may not
      transfer, sell or otherwise assign your rights, obligations or benefits under
      this Consulting Agreement. This Consulting Agreement is for the benefit of
      the
      Company, its successors and assigns and shall be binding upon your successors,
      executors, administrators and other legal representatives.

    

    (b) This
      Consulting Agreement constitutes the entire agreement between the parties.
      There
      are no other agreements, promises, or understandings expressed or implied
      between EMCORE and you with respect to the subject matter of this Consulting
      Agreement. 

    

    (c) If
      a
      court of competent jurisdiction declares any provision of this Consulting
      Agreement void or unenforceable, all other provisions shall nonetheless remain
      in full force and effect.

    

    9. Enforcement.
      In the
      event of a material breach of a provision of this Consulting Agreement by you,
      in addition to any other available remedies to which EMCORE may be entitled,
      EMCORE may obtain such equitable relief as may be appropriate, including
      injunctive remedies.

    

    10. Applicable
      Law.
      This
      Consulting Agreement shall be governed by and construed and interpreted in
      accordance with the laws of the State of New Jersey, without application of
      any
      conflict of laws principles. The venue of any legal dispute shall be the State
      of New Jersey, and the parties hereby consent to such exclusive
      jurisdiction.

    

    11. Survival
      Clause.
      The
      obligations contained in Sections 6-11 of this Consulting Agreement shall
      survive the termination of this Consulting Agreement and any extensions
      hereto.

    

    
      
        EMCORE
          CONFIDENTIAL PAGE
          

        

         

      

      
         

        
          

        

      

      
         

      

    

    If
      the
      foregoing agreement is acceptable to you, please sign and return the enclosed
      copy of this letter in the space marked “Agreed to and Accepted,” and it will
      serve as our agreement as of the date first above written.

     

    Very
      truly yours,

    

    EMCORE
      CORPORATION

    

    

    By:__________________________

    Reuben
      F.
      Richards, Jr.

    Chief
      Executive Officer

    

    AGREED
      TO AND ACCEPTED:

    

    

    __________________________________   

    Thomas
      G.
      Werthan   DateAmendment No. 2 to Credit and Security Agreeement

    EXHIBIT
      10.1

    

      AMENDMENT
        NO. 2 AND CONSENT

      to

      CREDIT
        AND SECURITY AGREEMENT

      and

      OMNIBUS
        AMENDMENT TO CERTAIN OTHER LOAN DOCUMENTS

      

       

      This
        AMENDMENT
        NO. 2 AND CONSENT TO CREDIT AND SECURITY AGREEMENT AND OMNIBUS AMENDMENT
        TO
        CERTAIN OTHER LOAN DOCUMENTS,
        made as
        of February 1, 2007 (this “Amendment”), among HAWK
        CORPORATION,
        a
        Delaware corporation, ALLEGHENY
        CLEARFIELD, INC.,
        a
        Pennsylvania corporation,
        FRICTION PRODUCTS CO.,
        an Ohio
        corporation,
        HAWK MIM, INC.,
        an Ohio
        corporation,
        HAWK MOTORS, INC.,
        a
        Delaware corporation,
        HAWK PRECISION COMPONENTS GROUP, INC.,
        an Ohio
        corporation,
        HELSEL, INC.,
        a
        Delaware corporation,
        LOGAN METAL STAMPINGS, INC.,
        an Ohio
        corporation,
        NET SHAPE TECHNOLOGIES LLC,
        a
        Delaware limited liability company, QUARTER
        MASTER INDUSTRIES, INC.,
        a
        Delaware corporation,
        SINTERLOY CORPORATION,
        a
        Delaware corporation,
        S.K. WELLMAN CORP.,
        a
        Delaware corporation,
        S.K. WELLMAN HOLDINGS, INC.,
        a
        Delaware corporation,
        TEX RACING ENTERPRISES, INC.,
        a
        Delaware corporation,
        WELLMAN PRODUCTS GROUP, INC.,
        an Ohio
        corporation, and
        WELLMAN
        PRODUCTS, LLC,
        an Ohio
        limited liability company, each as a Borrower and collectively as the Borrowers,
        the LENDERS
        listed
        on the signature pages of this Agreement, KEYBANK
        NATIONAL ASSOCIATION,
        a
        national banking association, as Administrative Agent, and KEYBANK
        NATIONAL ASSOCIATION, a
        national banking association, as LC Issuer, 

       

      WITNESSETH:

       

      WHEREAS,
        the
        Borrowers have been extended certain financial accommodations pursuant to
        that
        certain Credit and Security Agreement, dated as of November 1, 2004, as
        amended by that certain Amendment No. 1 to Credit and Security Agreement,
        dated
        as of August 31, 2006 (as so amended, the “Credit Agreement”), among the
        Borrowers, the Lenders, the Administrative Agent, and the LC Issuer;

       

      WHEREAS,
        the
        Borrower Representative has informed the Administrative Agent that Hawk
        Corporation desires to sell Hawk Precision Components Group, Inc. and certain
        of
        its direct or indirect Subsidiaries, namely, Allegheny Clearfield, Inc.,
        Hawk
        MIM, Inc., Helsel, Inc., Sinterloy Corporation, and Net Shape Technologies
        LLC,
        in one or more stock transactions (the “Sale”);

       

      WHEREAS,
        the
        Borrower Representative has also informed the Administrative Agent that prior
        to
        the sale of Hawk Precision Components Group, Inc., certain subsidiaries of
        Helsel, Inc. shall be transferred to Wellman Products Group, Inc., namely
        Hawk
        Mauritius, Ltd. Hawk Motors, Inc., and Hawk Motors de Mexico, S. de R.L.
        de C.V.
        (the “Transfer”); 

       

      WHEREAS,
        the
        Borrowers have requested consent to the Sale and the Transfer and all releases
        and amendments required pursuant to such transactions; and

       

      WHEREAS,
        the
        Lenders which are signatories hereto constitute all of the Lenders for the
        purposes of amending the Credit Agreement pursuant to Section 19.1
        thereof;

       

      NOW
        THEREFORE,
        in
        consideration of the mutual promises and agreements contained herein and
        other
        good and valuable consideration, the receipt and adequacy of which are hereby
        acknowledged, the Borrowers, the Administrative Agent, the Lenders and the
        LC
        Issuer do hereby agree as follows: 

       

      Section
        1  .DEFINED
        TERMS.

       

      Each
        defined term used herein and not otherwise defined herein shall have the
        meaning
        ascribed to such term in the Credit Agreement.

       

      Section
        2  CONSENT.

       

      2.1  Consents.
        In
        accordance with Section 19.1 of the Credit Agreement, the Required Lenders
        hereby consent to: 

       

      (a)  the
        transfer by Helsel, Inc. of the shares of Hawk
        Mauritius, Ltd., Hawk Motors, Inc., and Hawk Motors de Mexico, S. de R.L.
        de
        C.V
        to
        Wellman Products Group, Inc.;

       

      (b)  the
        transactions contemplated in that certain Stock Purchase Agreement, dated
        as of
        December 21, 2006 (the “Purchase Agreement”), among the Hawk Corporation,
        as Selling Shareholder, and PCG Holdings Group Inc., as Buyer (the “Buyer”),
        including the sale or other disposition of Hawk Precision Components Group,
        Inc., and its Subsidiaries: Allegheny
        Clearfield, Inc., Hawk MIM, Inc., Helsel, Inc., Sinterloy Corporation, and
        Net
        Shape Technologies LLC (Hawk Precision Components Group, Inc. together with
        such
        Subsidiaries collectively referred to as “Sold Subsidiaries”);

       

      (c)  the
        release of the Liens of the Administrative Agent for the benefit of the Lenders
        on (i) the stock or
        other
        equity interests of the Sold Subsidiaries and (ii) all of the personal
        property and assets of the Sold Subsidiaries which are being acquired by
        the
        Buyer pursuant to the terms of the Purchase Agreement; 

       

      (d)  the
        application of any or all of the proceeds remaining one hundred eighty (180)
        days after the date the transactions contemplated in the Purchase Agreement
        are
        consummated to the redemption of Senior Notes in accordance with the terms
        and
        conditions set forth in the Senior Note Indenture; and;

       

      (e)  the
        continuation of certain guarantees provided by Hawk Corporation to secure
        indebtedness of Allegheny Clearfield, Inc. to the Pennsylvania Industrial
        Development Authority ("PIDA") during the transition period in which such
        obligations shall be transferred to Buyer; provided, however, that Hawk
        Corporation shall use its best efforts to obtain a full release from such
        guarantee obligations no later than April 30, 2007.

       

      Section
        3  AMENDMENTS
        TO THE CREDIT AGREEMENT:

       

      3.1  Omnibus
        Amendment to Credit Agreement and Certain Other Loan Documents.
All
        references to any of the Sold Subsidiaries in the recitals or signature pages
        of
        the Credit Agreement shall be deleted and the Sold Subsidiaries shall no
        longer
        be party to such documents.

       

      3.2  Amendment
        to Annex II to the Credit Agreement.
        Annex II
        to the Credit Agreement is hereby amended by deleting the existing definition
        of
“Borrowers” and replacing it with the following new definition:

       

      “Borrowers”
        means
        collectively, Hawk Corporation, a Delaware corporation, Friction Products
        Co.,
        an Ohio corporation, Hawk Motors, Inc., a Delaware corporation, Logan Metal
        Stampings, Inc., an Ohio corporation, Quarter Master Industries, Inc., a
        Delaware corporation, S.K. Wellman Corp., a Delaware corporation, S.K. Wellman
        Holdings, Inc., a Delaware corporation, Tex Racing Enterprises, Inc., a Delaware
        corporation, Wellman Products Group, Inc., an Ohio corporation, and Wellman
        Products, LLC, an Ohio limited liability company.

       

      3.3  Amendment
        to Annex IV to Credit Agreement. Annex
        IV
        to the Credit Agreement is hereby amended by deleting the existing Annex
        IV and
        replacing it with the Annex IV attached hereto as Exhibit I. In addition,
        within
        thirty (30) days of the date of this Amendment, the Company shall deliver
        to the
        Administrative Agent, any additional updates to such Disclosure Schedules,
        in
        form and substance satisfactory to the Administrative Agent, provided,
        however,
        that
        the Borrowers understand that such updates shall not be permitted to include
        additions to Schedules 11.3(a), 11.3(c), 11.3(d), 11.3(i), or
        11.3(l).

       

      Section
        4  OMNIBUS
        AMENDMENTS TO CERTAIN OTHER LOAN DOCUMENTS:

       

      4.1  Omnibus
        Amendment to Certain Other Loan Documents. All
        references to any of the Sold Subsidiaries in the recitals or signature pages of
        the Notes, the Collateral Assignment of Security Interest Patents and Patent
        Applications, the Collateral Assignment of Security Interest in Trademarks
        and
        Licenses, the Collateral Assignment of Security Interest in Copyrights, the
        Advertising Permission Letter, the Blocked Account Control Letter, and the
        Acknowledgement of Blocked Accounts is hereby deleted and the Sold Subsidiaries
        shall no longer be party to such documents.

       

      4.2  Amendment
        to Certain Pledge and Security Agreements. The
        Pledge and Security Agreement between Hawk Corporation and the Administrative
        Agent and the Pledge Agreement between Wellman Products Group, Inc. and the
        Administrative Agent are each hereby amended to replace the respective Schedule
        I with the respective Schedule I attached hereto as Exhibit II.

       

      4.3  Termination
        of Certain Pledge and Security Agreements. The
        Pledge and Security Agreement between Hawk Precision Components, Inc. and
        the
        Administrative Agent and the Pledge Agreement between Helsel, Inc. and the
        Administrative Agent are each hereby terminated and released and the Pledged
        Shares (except with respect to the shares of Hawk
        Mauritius, Ltd. Hawk Motors, Inc., and Hawk Motors de Mexico, S. de R.L.
        de
        C.V
        to
        Wellman Products Group, Inc. which shall remain in the possession of the
        Administrative Agent) shall be promptly returned to the Sold
        Subsidiaries.

       

      4.4  Termination
        of Certain Landlord Waivers.
        The
        Landlord Waiver between Net Shape Technologies, Ltd. and Solon Road Properties,
        LLC and the Landlord Waiver between Sinterloy Corporation and Robert Sierkes,
        Trustee are each hereby terminated and released.

       

      4.5  Amendment
        to Certain Limited License Agreements.
        The
        Limited License Agreement between Hawk Corporation and the Administrative
        Agent
        is hereby amended to replace the respective Exhibit A with the respective
        Exhibit A attached hereto as Exhibit III. 

       

      4.6  Termination
        of Certain Limited License Agreements.
        The
        Limited License Agreement between Allegheny Clearfield, Inc. and the
        Administrative Agent, the Limited License Agreement between Hawk MIM, Inc.
        and
        the Administrative Agent, the Limited License Agreement between Hawk Precision
        Components, Inc. and the Administrative Agent, the Limited License Agreement
        between Helsel, Inc. and the Administrative Agent, the Limited License Agreement
        between New Shape Technologies, LLC and the Administrative Agent, and the
        Limited License Agreement between Sinterloy Corporation and the Administrative
        Agent are each hereby terminated and released.

       

      4.7  Amendment
        to Certain Collateral Assignments of Security Interest in Patents and Patent
        Applications.
        The
        Collateral Assignment of Security Interest in Patent and Patent Applications
        by
        and among the Borrowers and the Administrative Agent is hereby amended to
        replace the respective Exhibit A with the respective Exhibit A attached hereto
        as Exhibit IV.

       

      4.8  Amendment
        to Certain Collateral Assignments of Security Interest in Trademarks and
        Licenses.
        The
        Collateral Assignment of Security Interest in Trademarks and Licenses by
        and
        among the Borrowers and the Administrative Agent is hereby amended to replace
        the respective Exhibit A with the respective Exhibit A attached hereto as
        Exhibit V.

       

      4.9  Amendment
        to Blocked Account Control Agreement.
        The
        Blocked Account Control Agreement by and among the Borrowers, the Administrative
        Agent, and JPMorgan Chase Bank is hereby amended to replace the respective
        Schedule 1 with Schedule 1 attached hereto as Exhibit VI.

       

      4.10  Amendment
        to Acknowledgement of Blocked Accounts.
        The
        Acknowledgement of Blocked Accounts by and among the Borrowers, the
        Administrative Agent, and KeyBank National Association, as the Bank is hereby
        amended to replace the respective Schedule I with Schedule I attached hereto
        as
        Exhibit VII.

       

      Section
        5  REPRESENTATIONS
        AND WARRANTIES.

      

      The
        Borrower hereby represents and warrants to the Lenders, the Administrative
        Agent
        and the LC Issuer as follows: 

      

      5.1  The
        Amendment. This
        Amendment has been duly and validly executed by an authorized executive officer
        of the Borrowers and constitutes the legal, valid and binding obligation
        of the
        Borrowers enforceable against the Borrowers in accordance with its terms.
        The
        Credit Agreement, as amended by this Amendment, remains in full force and
        effect
        and remains the valid and binding obligation of the Borrowers enforceable
        against the Borrowers in accordance with its terms. Each Borrower hereby
        ratifies and confirms the Credit Agreement as amended by this
        Amendment.

       

      5.2  Nonwaiver.
        Except
        as
        expressly set forth herein, the execution, the execution, delivery, performance
        and effectiveness of this Amendment shall not operate nor be deemed to be
        nor
        construed as a waiver (i) of any right, power or remedy of the Lenders or
        the
        Administrative Agent under the Credit Agreement or any other Loan Document,
        or
        (ii) of any term, provision, representation, warranty or covenant contained
        in
        the Credit Agreement or any other documentation executed in connection
        therewith. Further, none of the provisions of this Amendment shall constitute,
        be deemed to be or construed as, a waiver of any Potential Default or Event
        of
        Default under the Credit Agreement, as amended by this Amendment.

       

      5.3  Reference
        to and Effect on the Credit Agreement. Upon
        the
        Effectiveness of this Amendment, each reference in the Credit Agreement amended
        hereby to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of like
        import shall mean and be a reference to the Credit Agreement, as amended
        by the
        prior amendments thereto and this Amendment and each reference to the Credit
        Agreement in any other document, instrument or agreement executed and/or
        delivered in connection with the Credit Agreement shall mean and be a reference
        to the Credit Agreement, as amended by the prior amendments thereto and this
        Amendment.

       

      Section
        6  CONDITIONS
        PRECEDENT TO EFFECTIVENESS

       

      The
        effectiveness of this Amendment is subject to the condition precedent
        that:

       

       

      6.1  Amendment
        No. 2 and Consent to Credit and Security Agreement.
        The
        Administrative Agent shall have received an original counterpart of this
        Amendment No. 2 and Consent to Credit and Security Agreement, executed and
        delivered by a duly authorized officer of each Borrower, the Lenders and
        the LC
        Issuer.

       

       

      6.2  Release
        Agreement.
        The
        Administrative Agent shall have received an original counterpart of that
        certain
        Release Agreement, dated as of even date herewith, executed and delivered
        by a
        duly authorized officer of each Borrower which shall exist after the
        consummation of Sale and the Sold Subsidiaries.

       

      Section
        7  CONDITIONS
        SUBSEQUENT TO EFFECTIVENESS

       

      The
        effectiveness of this Amendment is subject to the condition subsequent
        that:

       

       

      7.1  Consummation
        of the Sale.
        The
        Administrative Agent shall have received written evidence in the form of
        a
        Borrower Certificate stating that the Sale has been consummated pursuant
        to the
        terms of the Purchase Agreement and certifying a true and complete copy of
        the
        Purchase Agreement. In the event that the Sale is not consummated on or before
        February 1, 2007, this Amendment shall be of no further force and
        effect.

       

      Section
        8  MISCELLANEOUS.

       

      8.1  Governing
        Law.
        This
        Amendment shall be governed by and construed in accordance with the laws
        of the
        State of Ohio with out giving effect to the conflict of laws rules
        thereof.

       

      8.2  Severability.
        In the
        event any provision of this Amendment should be invalid, the validity of
        the
        other provisions hereof and of the Credit Agreement shall not be affected
        thereby. 

       

      8.3  Counterparts.
        This
        Amendment may be executed in one or more counterparts, each of which, when
        taken
        together, shall constitute but one and the same agreement.

       

      
        
          
          

        

        
          
          

          
          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF,
        the
        Borrowers, the Administrative Agent, the Lenders and the LC Issuer have caused
        this Amendment No. 2 and Consent to Credit and Security Agreement to be duly
        executed by their respective officers or agents thereunto duly authorized
        as of
        the date first written above.

       

      BORROWERS

      

      

      HAWK
        CORPORATION

       

      /s/
        Thomas A. Gilbride

      By:
        Thomas A. Gilbride

      Its:
        Vice
        President - Finance

      

      

      ALLEGHENY
        CLEARFIELD, INC.

       

      /s/
        Thomas A. Gilbride

      By:
        Thomas A. Gilbride

      Its:
        Vice
        President - Finance

      

      

      FRICTION
        PRODUCTS CO.

       

      /s/
        Thomas A. Gilbride

      By:
        Thomas A. Gilbride

      Its:
        Vice
        President - Finance

      

      

      HAWK
        MIM, INC.

       

      /s/
        Thomas A. Gilbride

      By:
        Thomas A. Gilbride

      Its:
        Vice
        President - Finance

      

      

      HAWK
        MOTORS, INC.

       

      /s/
        Thomas A. Gilbride

      By:
        Thomas A. Gilbride

      Its:
        Vice
        President - Finance

      

      

      HAWK
        PRECISION COMPONENTS GROUP, INC.

      

      /s/
        Thomas A. Gilbride

      By:
        Thomas A. Gilbride

      Its:
        Vice
        President - Finance

      

      
        
          
          

        

        
          
          

          
          

        

        
          
          

        

      

      HELSEL,
        INC.

       

      /s/
        Thomas A. Gilbride

      By:
        Thomas A. Gilbride

      Its:
        Vice
        President - Finance

      

      

      LOGAN
        METAL STAMPINGS, INC.

       

      /s/
        Thomas A. Gilbride

      By:
        Thomas A. Gilbride

      Its:
        Vice
        President - Finance

      

      

      NET
        SHAPE TECHNOLOGIES LLC

       

      By:
        Hawk
        MIM, Inc., its sole member

       

      /s/
        Thomas A. Gilbride

      By:
        Thomas A. Gilbride

      Its:
        Vice
        President - Finance

      

      

      QUARTER
        MASTER INDUSTRIES, INC.

       

      /s/
        Thomas A. Gilbride

      By:
        Thomas A. Gilbride

      Its:
        Vice
        President - Finance

      

      

      SINTERLOY
        CORPORATION

       

      /s/
        Thomas A. Gilbride

      By:
        Thomas A. Gilbride

      Its:
        Vice
        President - Finance

      

      

      S.K.
        WELLMAN CORP.

      

      /s/
        Thomas A. Gilbride

      By:
        Thomas A. Gilbride

      Its:
        Vice
        President - Finance

      

      

      S.K.
        WELLMAN HOLDINGS, INC.

       

      /s/
        Thomas A. Gilbride

      By:
        Thomas A. Gilbride

      Its:
        Vice
        President - Finance

       

      TEX
        RACING ENTERPRISES, INC.

       

      /s/
        Thomas A. Gilbride

      By:
        Thomas A. Gilbride

      Its:
        Vice
        President - Finance

      

      

      WELLMAN
        PRODUCTS GROUP, INC.

       

      /s/
        Thomas A. Gilbride

      By:
        Thomas A. Gilbride

      Its:
        Vice
        President - Finance

      

      

      WELLMAN
        PRODUCTS, LLC

       

      By:
        Wellman Products Group, Inc.,

      its
        sole member

       

      /s/
        Thomas A. Gilbride

      By:
        Thomas A. Gilbride

      Its:
        Vice
        President - Finance

      
        
          
          

        

        
          
          

          
          

        

        
          
          

        

      

      ADMINISTRATIVE
        AGENT

      

      KEYBANK
        NATIONAL ASSOCIATION 

      as
        Administrative Agent

       

       

      /s/
        John P. Dunn

      By:
        John
        P. Dunn

      Its:
        Vice
        President

      

      

      LENDERS

      

      KEYBANK
        NATIONAL ASSOCIATION 

      as
        a
        Lender 

       

       

      /s/
        John P. Dunn

      By:
        John
        P. Dunn

      Its:
        Vice
        President

      

      

      LC
        ISSUER

      

      KEYBANK
        NATIONAL ASSOCIATION

      as
        LC
        Issuer

       

       

      /s/
        John P. Dunn

      By:
        John
        P. Dunn

      Its:
        Vice
        President

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"}]]