Document:

EXHIBIT 4.1(a)

TERM LOAN AGREEMENT

by and among

EMCOR GROUP, INC.

and

BANK OF  MONTREAL,
 as Administrative Agent

and

the Lenders

which are or become parties hereto

Dated as of September 19, 2007

	
 

	

BMO CAPITAL MARKETS, AS SOLE
LEAD ARRANGER AND SOLE BOOK
RUNNER

	
 

	

TABLE OF CONTENTS

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
PAGE 

	
SECTION 1.

	
 

	
THE CREDIT FACILITIES

	
1

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 1.1.

	
 

	
Term Loan
 Commitments  

	
1

	
 

	
Section 1.2.

	
 

	
Minimum
 Borrowing Amounts; Maximum Eurodollar Loans

	
1

	
 

	
Section 1.3.

	
 

	
Manner of
 Borrowing Loans and Designating Applicable Interest Rates

	
1

	
 

	
Section 1.4.

	
 

	
Default Rate

	
3

	
 

	
Section 1.5.

	
 

	
Maturity of
 Loans

	
3

	
 

	
Section 1.6.

	
 

	
Evidence of
 Indebtedness

	
4

	
 

	
Section 1.7.

	
 

	
Increase in
 Commitments

	
5

	
 

	
 

	
 

	
 

	
 

	
 

	
SECTION 2.

	
 

	
INTEREST

	
6

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 2.1.

	
 

	
Applicable
 Interest Rates

	
6

	
 

	
Section 2.2.

	
 

	
Funding
 Indemnity

	
7

	
 

	
Section 2.3.

	
 

	
Change of
 Law

	
8

	
 

	
Section 2.4.

	
 

	
Unavailability

	
8

	
 

	
Section 2.5.

	
 

	
Increased
 Cost and Reduced Return

	
9

	
 

	
Section 2.6.

	
 

	
Lending
 Offices

	
9

	
 

	
Section 2.7.

	
 

	
Discretion
 of Lender as to Manner of Funding

	
10

	
 

	
Section 2.8.

	
 

	
Capital
 Adequacy

	
10

	
 

	
Section 2.9.

	
 

	
Substitution
 of Lenders

	
10

	
 

	
 

	
 

	
 

	
 

	
 

	
SECTION 3.

	
 

	
FEES, PAYMENTS, REDUCTIONS AND NOTATIONS

	
11

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 3.1.

	
 

	
Fees

	
11

	
 

	
Section 3.2.

	
 

	
Voluntary
 Prepayments

	
11

	
 

	
Section 3.3.

	
 

	
Mandatory
 Prepayments

	
11

	
 

	
Section 3.4.

	
 

	
Place and
 Application

	
12

	
 

	
Section 3.5.

	
 

	
Notations
 and Requests

	
14

	
 

	
 

	
 

	
 

	
 

	
 

	
SECTION 4.

	
 

	
THE  COLLATERAL AND THE GUARANTEES

	
14

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 4.1.

	
 

	
The Collateral

	
14

	
 

	
Section 4.2.

	
 

	
The Guarantees

	
15

	
 

	
 

	
 

	
 

	
 

	
 

	
SECTION 5.

	
 

	
REPRESENTATIONS AND WARRANTIES

	
16

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 5.1.

	
 

	
Organization
 and Qualification

	
16

	
 

	
Section 5.2.

	
 

	
Subsidiaries

	
16

	
 

	
Section 5.3.

	
 

	
Corporate
 Authority and Validity of Obligations

	
16

	
 

	
Section 5.4.

	
 

	
Use of
 Proceeds; Margin Stock

	
17

	
 

	
Section 5.5.

	
 

	
Financial
 Reports

	
17

	
 

	
Section 5.6.

	
 

	
No Material
 Adverse Change

	
18

	
 

	
Section 5.7.

	
 

	
Full
 Disclosure

	
18

	
 

-i-

	
 

	
 

	
 

	
 

	
 

	
Section 5.8.

	
 

	
Good Title

	
18

	
 

	
Section 5.9.

	
 

	
Litigation
 and Other Controversies

	
18

	
 

	
Section 5.10.

	
 

	
Taxes

	
18

	
 

	
Section 5.11.

	
 

	
Approvals

	
19

	
 

	
Section 5.12.

	
 

	
Affiliate Transactions

	
19

	
 

	
Section 5.13.

	
 

	
Investment
 Company

	
19

	
 

	
Section 5.14.

	
 

	
ERISA

	
19

	
 

	
Section 5.15.

	
 

	
Compliance
 with Laws

	
19

	
 

	
Section 5.16.

	
 

	
Other
 Agreements

	
20

	
 

	
Section 5.17.

	
 

	
No Default

	
20

	
 

	
Section 5.18.

	
 

	
Solvency

	
20

	
 

	
Section 5.19.

	
 

	
Stock
 Purchase Agreement

	
20

	
 

	
 

	
 

	
 

	
 

	
 

	
SECTION 6.

	
 

	
CONDITIONS PRECEDENT

	
20

	
 

	
 

	
 

	
 

	
 

	
 

	
SECTION 7.

	
 

	
COVENANTS

	
24

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 7.1.

	
 

	
Maintenance
 of Business

	
24

	
 

	
Section 7.2.

	
 

	
Maintenance
 of Property

	
24

	
 

	
Section 7.3.

	
 

	
Taxes and
 Assessments

	
24

	
 

	
Section 7.4.

	
 

	
Insurance

	
24

	
 

	
Section 7.5.

	
 

	
Financial
 Reports and Rights of Inspection

	
25

	
 

	
Section 7.6.

	
 

	
Minimum Net
 Worth

	
27

	
 

	
Section 7.7.

	
 

	
Leverage
 Ratio

	
27

	
 

	
Section 7.8.

	
 

	
Interest
 Coverage Ratio

	
27

	
 

	
Section 7.9.

	
 

	
Reserved

	
27

	
 

	
Section 7.10.

	
 

	
Indebtedness
 for Borrowed Money

	
27

	
 

	
Section 7.11.

	
 

	
Liens

	
29

	
 

	
Section 7.12.

	
 

	
Investments,
 Acquisitions, Loans, Advances and Guarantees

	
31

	
 

	
Section 7.13.

	
 

	
Capital and
 Certain other Restricted Expenditures

	
35

	
 

	
Section 7.14.

	
 

	
Mergers,
 Consolidations and Sales

	
35

	
 

	
Section 7.15.

	
 

	
Maintenance
 of Restricted Subsidiaries

	
36

	
 

	
Section 7.16.

	
 

	
Dividends
 and Certain Other Restricted Payments

	
37

	
 

	
Section 7.17.

	
 

	
ERISA

	
37

	
 

	
Section 7.18.

	
 

	
Compliance
 with Laws

	
38

	
 

	
Section 7.19.

	
 

	
Burdensome
 Contracts With Affiliates

	
38

	
 

	
Section 7.20.

	
 

	
No Changes
 in Fiscal Year

	
38

	
 

	
Section 7.21.

	
 

	
Formation of
 Subsidiaries

	
38

	
 

	
Section 7.22.

	
 

	
Change in
 the Nature of Business

	
38

	
 

	
Section 7.23.

	
 

	
Use of
 Proceeds

	
38

	
 

	
 

	
 

	
 

	
 

	
 

	
SECTION 8.

	
 

	
EVENTS OF DEFAULT AND REMEDIES

	
39

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 8.1.

	
 

	
Events of
 Default

	
39

	
 

	
Section 8.2.

	
 

	
Non-Bankruptcy
 Defaults

	
41

	
 

	
Section 8.3.

	
 

	
Bankruptcy
 Defaults

	
41

	
 

-ii-

	
 

	
 

	
 

	
 

	
 

	
SECTION 9.

	
 

	
DEFINITIONS INTERPRETATIONS

	
41

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 9.1.

	
 

	
Definitions

	
41

	
 

	
Section 9.2.

	
 

	
Interpretation

	
54

	
 

	
 

	
 

	
 

	
 

	
 

	
SECTION 10.

	
 

	
THE AGENT

	
54

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 10.1.

	
 

	
Appointment and
 Authorization

	
54

	
 

	
Section 10.2.

	
 

	
Rights as a
 Lender

	
55

	
 

	
Section 10.3.

	
 

	
Standard of
 Care 

	
55

	
 

	
Section 10.4.

	
 

	
Costs and
 Expenses

	
56

	
 

	
Section 10.5.

	
 

	
Indemnity

	
56

	
 

	
Section 10.7.

	
 

	
Conflict

	
56

	
 

	
Section 10.8.

	
 

	
Hedging
 Liability

	
56

	
 

	
Section 10.9.

	
 

	
Designation
 of Additional Agents

	
57

	
 

	
Section 10.10.

	
 

	
Authorization to Release or Subordinate or
 Limit Liens

	
57

	
 

	
Section 10.11.

	
 

	
Authorization to Enter into, and
 Enforcement of, the Collateral Documents

	
57

	
 

	
 

	
 

	
 

	
 

	
 

	
SECTION 11.

	
 

	
MISCELLANEOUS

	
58

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 11.1.

	
 

	
Withholding
 Taxes

	
58

	
 

	
Section 11.2.

	
 

	
Holidays

	
59

	
 

	
Section 11.3.

	
 

	
No Waiver,
 Cumulative Remedies

	
60

	
 

	
Section 11.4.

	
 

	
Amendments

	
60

	
 

	
Section 11.5.

	
 

	
Costs and
 Expenses

	
60

	
 

	
Section 11.6.

	
 

	
Stamp Taxes

	
61

	
 

	
Section 11.7.

	
 

	
Survival of
 Representations and Indemnities

	
61

	
 

	
Section 11.8.

	
 

	
Construction

	
61

	
 

	
Section 11.9.

	
 

	
Addresses
 for Notices

	
61

	
 

	
Section 11.10.

	
 

	
Obligations Several

	
61

	
 

	
Section 11.11.

	
 

	
Headings

	
61

	
 

	
Section 11.12.

	
 

	
Severability of Provisions

	
61

	
 

	
Section 11.13.

	
 

	
Counterparts

	
62

	
 

	
Section 11.14.

	
 

	
Binding Nature and Governing Law

	
62

	
 

	
Section 11.15.

	
 

	
Entire Understanding

	
62

	
 

	
Section 11.16.

	
 

	
Participations

	
62

	
 

	
Section 11.17.

	
 

	
Assignments

	
62

	
 

	
Section 11.18.

	
 

	
Terms of Collateral Documents not
 Superseded

	
64

	
 

	
Section 11.19.

	
 

	
PERSONAL JURISDICTION AND
 JURY TRIAL WAIVERS

	
64

	
 

	
Section 11.20.

	
 

	
Interest Rate
 Limitation

	
65

	
 

	
Section 11.21.

	
 

	
USA Patriot Act

	
65

	
 

	
Section 11.22.

	
 

	
Confidentiality

	
65

	
 

	
 

	
 

	
 

	
 

	
 

	
Signature
 page

	
 

	
 

	
S-1

	
 

-iii-

EXHIBIT A – Term Note

EXHIBIT B – Form of Opinion
of Counsel

EXHIBIT C – Compliance
Certificate

EXHIBIT D – Assignment and
Acceptance

EXHIBIT E – Notice of Borrowing

EXHIBIT F – Notice of
Continuation/Conversion

EXHIBIT G – Commitment Amount
Increase

SCHEDULE I – Compliance
Calculations

SCHEDULE 1.1 – Commitments

SCHEDULE 4.2 – The Guarantors

SCHEDULE 5.2 –Subsidiaries

SCHEDULE 5.9 – Litigation

SCHEDULE 7.10 – Indebtedness

SCHEDULE 7.11 – Liens

SCHEDULE 7.12 – Investments,
Loans, Advances and Guarantees

-iv-

EMCOR GROUP, INC.

TERM LOAN AGREEMENT

          This
Term Loan Agreement is entered into as of September 19, 2007, by and among
EMCOR GROUP, INC., a Delaware
corporation (the “Borrower”), the several financial institutions from time to
time party to this Agreement, as Lenders, and BANK
OF MONTREAL, a Canadian
chartered bank acting through its Chicago branch,
as Administrative Agent as provided herein. All capitalized terms used
herein without definition shall have the same meanings herein as such terms are
defined in Section 5.1 hereof.

PRELIMINARY STATEMENT

          The
Borrower has requested, and the Lenders have agreed to extend, certain credit
facilities on the terms and conditions of this Agreement.

          NOW,
THEREFORE, in consideration of the mutual agreements contained
herein, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto hereby agree as follows:

	
 

	
 

	
SECTION 1.

	
THE CREDIT FACILITIES.

          Section 1.1.
Term Loan Commitments. Subject to the terms and
conditions hereof, each Lender, by its acceptance hereof, severally agrees to
make a loan (individually a “Term Loan” and collectively for all the
Lenders the “Term
Loans”) in U.S. Dollars to the Borrower in the amount of such
Lender’s Commitment. The Term Loans shall be advanced in a single Borrowing on
the Closing Date and shall be made ratably by the Lenders in proportion to
their respective Percentages, at which time the Commitments shall expire. As
provided in Section 1.3(a) hereof, the Borrower may elect that the Term
Loans be outstanding as Base Rate Loans or Eurodollar Loans. No amount repaid
or prepaid on any Term Loan may be borrowed again.

          Section
1.2. Minimum Borrowing Amounts; Maximum Eurodollar Loans.
Each Borrowing of Base Rate Loans shall be in an amount not less than $100,000.
Each Borrowing of Eurodollar Loans continued or converted shall be in an amount
equal to $1,000,000 or such greater amount which is an integral multiple of
$500,000. Without the Administrative Agent’s consent, there shall not be more
than Eight (8) Borrowings of Eurodollar Loans outstanding hereunder at
any one time. 

          Section 1.3.
Manner of Borrowing Loans and Designating Applicable Interest Rates.
(a) Notice
to the Administrative Agent. Subject to the terms and conditions
hereof, the Borrower may from time to time elect to change or continue the type
of interest rate borne by each Borrowing or, subject to the minimum amount
requirement for each outstanding Borrowing set forth in Section 1.2
hereof, a portion thereof, as follows: (i) if such Borrowing is of
Eurodollar Loans, on the last day of the Interest Period applicable thereto,
the Borrower may continue part or all of such Borrowing as Eurodollar Loans or
convert part or all of such Borrowing into Base

Rate Loans or
(ii) if such Borrowing is of Base Rate Loans, on any Business Day, the
Borrower may convert all or part of such Borrowing into Eurodollar Loans for an
Interest Period or Interest Periods specified by the Borrower. The Borrower
shall give all such notices requesting the continuation or conversion of a
Borrowing to the Administrative Agent by telephone, telecopy, or other
telecommunication device acceptable to the Administrative Agent (which notice
shall be irrevocable once given and, if by telephone, shall be promptly
confirmed in writing), substantially in the form attached hereto as
Exhibit F (Notice of Continuation/Conversion), as applicable, or in such
other form acceptable to the Administrative Agent. Notice of the continuation of a
Borrowing of Eurodollar Loans for an additional Interest Period or of the
conversion of part or all of a Borrowing of Base Rate Loans into Eurodollar
Loans must be given by no later than 10:00 a.m. (Chicago time) at least
three (3) Business Days before the date of the requested continuation or
conversion. All such notices concerning the continuation or conversion of a
Borrowing shall specify the date of the requested continuation or conversion of
a Borrowing (which shall be a Business Day), the amount of the requested
Borrowing to be continued or converted, the type of Term Loans to comprise such
continued or converted Borrowing and, if such Borrowing is to be comprised of
Eurodollar Loans, the Interest Period applicable thereto. Upon notice to the
Borrower by the Administrative Agent or the Required Lenders, no Borrowing
of Eurodollar Loans shall be continued or created by conversion if any Default
or Event of Default then exists. The Borrower agrees that the Administrative
Agent may rely on any such telephonic, telecopy or other telecommunication
notice given by any person the Administrative Agent in good faith believes is
an Authorized Representative without the necessity of independent
investigation, and in the event any such notice by telephone conflicts with any
written confirmation such telephonic notice shall govern if the Administrative
Agent has acted in reliance thereon.

          (b)
Notice to
the Lenders. The Administrative Agent shall give prompt telephonic,
telecopy or other telecommunication notice to each Lender of any notice from
the Borrower received pursuant to Section 1.3(a) above and, if such notice
requests the Lenders to make Eurodollar Loans, the Administrative Agent shall
give notice to the Borrower and each Lender by like means of the interest rate
applicable thereto promptly after the Administrative Agent has made such
determination.

          (c)
Borrower’s
Failure to Notify. If the Borrower fails to give notice pursuant to
Section 1.3(a) above of the continuation or conversion of any outstanding
principal amount of a Borrowing of Eurodollar Loans before the last day of its
then current Interest Period within the period required by Section 1.3(a)
and such Borrowing is not repaid, such Borrowing shall automatically be
converted into an equal Borrowing of Base Rate Loans. 

          (d)
Disbursement
of Loans. On the Closing Date, each Lender shall make available its
Percentage of the Term Loan in funds immediately available at the principal
office of the Administrative Agent in Chicago, Illinois (or at such other
location as the Administrative Agent shall designate). The Administrative Agent
shall make the proceeds of the Term Loan available to the Borrower at the
Administrative Agent’s principal office in Chicago, Illinois (or at such other
location as the Administrative Agent shall designate), by depositing or wire
transferring such proceeds to the credit of the Borrower’s Designated
Disbursement Account or as the Borrower and the Administrative Agent may
otherwise agree.

-2-

          (e)
Administrative
Agent Reliance on Lender Funding. Unless the Administrative Agent
shall have been notified by a Lender prior to (or, in the case of a Borrowing
of Base Rate Loans, by 1:00 p.m. (Chicago time) on) the date on which such
Lender is scheduled to make payment to the Administrative Agent of the proceeds
of the Term Loan (which notice shall be effective upon receipt) that such
Lender does not intend to make such payment, the Administrative Agent may
assume that such Lender has made such payment when due and the Administrative
Agent may in reliance upon such assumption (but shall not be required to) make
available to the Borrower the proceeds of the Term Loan to be made by such
Lender and, if any Lender has not in fact made such payment to the
Administrative Agent, such Lender shall, on demand, pay to the Administrative
Agent the amount made available to the Borrower attributable to such Lender
together with interest thereon in respect of each day during the period
commencing on the date such amount was made available to the Borrower and
ending on (but excluding) the date such Lender pays such amount to the
Administrative Agent at a rate per annum equal to: (i) from the date the
related advance was made by the Administrative Agent to the date two (2)
Business Days after payment by such Lender is due hereunder, the Federal Funds
Rate for each such day and (ii) from the date two (2) Business Days after
the date such payment is due from such Lender to the date such payment is made
by such Lender, the Base Rate in effect for each such day. If such amount is
not received from such Lender by the Administrative Agent immediately upon
demand, the Borrower will, on demand, repay to the Administrative Agent the
proceeds of the Term Loan attributable to such Lender with interest thereon at
a rate per annum equal to the interest rate applicable to the relevant Loan,
but without such payment being considered a payment or prepayment of a Loan
under Section 2.2 hereof so that the Borrower will have no liability under
such Section with respect to such payment.

          Section 1.4.
Default Rate. Notwithstanding anything to the contrary
contained herein, while any Event of Default exists or after acceleration, the
relevant Borrower shall pay interest (after as well as before entry of judgment
thereon to the extent permitted by law) on the principal amount of all Loans
owing by it at a rate per annum equal to:

	
 

	
 

	
 

	
          (a)
 for any Base Rate Loan, the sum of 2.0% plus the Applicable Margin plus the
 Base Rate from time to time in effect; and

	
 

	
 

	
 

	
          (b)
 for any Eurodollar Loan, the sum of 2.0% plus the rate of interest in effect
 thereon at the time of such Event of Default until the end of the Interest
 Period applicable thereto and, thereafter, at a rate per annum equal to the
 sum of 2.0% plus the Applicable Margin for Base Rate Loans plus the Base Rate
 from time to time in effect.

provided, however, that
in the absence of acceleration, any adjustments pursuant to this Section shall
be made at the election of the Administrative Agent, acting at the request or
with the consent of the Required Lenders, with written notice to the Borrower.
While any Event of Default exists or after acceleration, interest shall be paid
on demand of the Administrative Agent at the request or with the consent of the
Required Lenders.

          Section 1.5.
Maturity of Loans. The Borrower shall make principal
payments on the Term Loans in installments on the last day of each March, June,
September, and December in

-3-

each year,
commencing with the calendar quarter ending March 31, 2008, with the
amount of each such principal installment to equal the amount set forth in
Column B below shown opposite of the relevant due date as set forth in
Column A below:

	
 

	
 

	
 

	
COLUMN A 

	
 

	
COLUMN B 

	
 

	
 

	
 

	
PAYMENT DATE 

	
 

	
SCHEDULED PRINCIPAL

PAYMENT ON TERM LOANS 

	
03/31/08

	
 

	
$750,000

	
06/30/08

	
 

	
$750,000

	
09/30/08

	
 

	
$750,000

	
12/31/08

	
 

	
$750,000

	
03/31/09

	
 

	
$750,000

	
06/30/09

	
 

	
$750,000

	
09/30/09

	
 

	
$750,000

	
12/31/09

	
 

	
$750,000

	
03/31/10

	
 

	
$750,000

	
06/30/10

	
 

	
$750,000

	
09/30/10

	
 

	
$750,000

, it being
agreed that a final payment comprised of all principal and interest not sooner
paid on the Term Loans shall be due and payable on October 17, 2010, the
final maturity thereof (the “Maturity Date”). Each such principal
payment shall be applied to the Lenders holding the Term Loans pro rata based
upon their Percentages.

          Section 1.6.
Evidence of Indebtedness. (a) Each Lender shall
maintain in accordance with its usual practice an account or accounts
evidencing the indebtedness of the Borrower to such Lender resulting from each
Loan made by such Lender from time to time, including the amounts of principal
and interest payable and paid to such Lender from time to time hereunder.

          (b)
The Administrative Agent shall also maintain accounts in which it will record
(i) the amount of each Loan made hereunder, the type thereof and the
Interest Period with respect thereto, (ii) the amount of any principal or
interest due and payable or to become due and payable from the Borrower to each
Lender hereunder and (iii) the amount of any sum received by the
Administrative Agent hereunder from the Borrower and each Lender’s share
thereof.

          (c)
The entries maintained in the accounts maintained pursuant to
paragraphs (a) and (b) above shall be prima facie evidence of the existence and
amounts of the Obligations therein recorded; provided, however, that the
failure of the Administrative Agent or any Lender to maintain such accounts or
any error therein shall not in any manner affect the obligation of the Borrower
to repay the Obligations in accordance with their terms.

-4-

          (d)
Any Lender may request that its Loans be evidenced by a promissory note or
notes in the form of Exhibit A (a “Term Note”). In such event, the Borrower
shall prepare, execute and deliver to such Lender a Term Note payable to such
Lender or its registered assigns in the amount of such Lender’s Commitment.
Thereafter, the Loans evidenced by such Note or Notes and interest thereon
shall at all times (including after any assignment pursuant to
Section 11.17) be represented by one or more Notes payable to the order of
the payee named therein or any assignee pursuant to Section 11.17, except
to the extent that any such Lender or assignee subsequently returns any such
Note for cancellation and requests that such Loans once again be evidenced as
described in subsections (a) and (b) above.

          Section 1.7. Increase
in Commitments. The Borrower may, on any
Business Day prior to the Maturity Date, increase the aggregate outstanding
principal amount of the Term Loans by delivering a Commitment Amount Increase
Request substantially in the form attached hereto as Exhibit G or in such
other form reasonably acceptable to the Administrative Agent at least five (5)
Business Days prior to the desired effective date of such increase (the “Commitment
Amount Increase”) identifying any additional Lender(s) (or
additional Term Loans for existing Lender(s)) and the amount of its Term Loans
(or additional amount of its Term Loans); provided, however, that (i) any
increase shall be in an amount not less than $25,000,000 and in the aggregate
for all such increases not greater than $150,000,000, (ii) no Default or
Event of Default shall have occurred and be continuing at the time of the
request or the effective date of the Commitment Amount Increase, (iii) all
representations and warranties contained in Section 5 hereof shall be true
and correct in all material respects at the time of such request (except to the
extent such representation or warranty is expressly limited to an earlier date,
in which case such representation and warranty shall be true and correct in all
material respects as of such date) and on the effective date of such Commitment
Amount Increase, (iv) prior to approaching new lenders, the Borrower shall
offer to Lenders the option to increase their respective outstanding Term
Loans, (v) after giving effect to the increase in outstanding Term Loans, the
Borrower is in compliance with Sections 7.6, 7.7 and 7.8 hereof, on a pro forma
basis, and (vi) the Administrative Agent shall consent in writing (which
consent shall not be unreasonably withheld or delayed) to any increase pursuant
to this Section 1.6. The effective date of the Commitment Amount Increase shall
be agreed upon by the Borrower and the Administrative Agent. Upon the
effectiveness thereof, the new Lender(s) (or, if applicable, existing
Lender(s)) shall advance Loans in an amount sufficient such that after giving
effect to its advance each Lender shall have outstanding its applicable
Percentage of Loans. It shall be a condition to such effectiveness that if any
Eurodollar Loans are outstanding on the date of such effectiveness, such
Eurodollar Loans shall be deemed to be prepaid on such date and the Borrower
shall pay any amounts owing to the Lenders pursuant to Section 2.2 hereof.
The Borrower agrees to pay the reasonable out-of-pocket expenses of the
Administrative Agent relating to any Commitment Amount Increase.
Notwithstanding anything herein to the contrary, no Lender shall have any
obligation to advance additional Term Loans, and each Lender may at its option,
unconditionally and without cause, decline to advance additional Term Loans.
Any additional Term Loan advanced under this Section 1.7 shall be “Term Loans”
for all purposes of this Agreement.

-5-

	
 

	
 

	
SECTION 2.

	
INTEREST.

          Section 2.1.
Applicable Interest Rates. (a) Base Rate
Loans. Each Base Rate Loan made or maintained by a Lender shall bear
interest (computed on the basis of a year of 365 or 366 days, as the case
may be, and the actual days elapsed) on the unpaid principal amount thereof
from the date such Loan is advanced, or created by conversion from a Eurodollar
Loan, until maturity (whether by acceleration or otherwise) at a rate per annum
equal to the sum of the Applicable Margin plus the Base Rate from time to time
in effect, payable by the Borrower on each Interest Payment Date and at
maturity (whether by acceleration or otherwise).

          “Base
Rate” means for any day the greater of: (i) the rate
of interest announced or otherwise established by the Administrative Agent from
time to time as its prime commercial rate, or its equivalent, for U.S. Dollar
loans to borrowers located in the United States as in effect on such day, with
any change in the Base Rate resulting from a change in said prime commercial rate
to be effective as of the date of the relevant change in said prime commercial
rate (it being acknowledged and agreed that such rate may not be the
Administrative Agent’s best or lowest rate) and (ii) the sum of
(x) the rate determined by the Administrative Agent to be the average
(rounded upward, if necessary, to the next higher 1/100 of 1%) of the rates per
annum quoted to the Administrative Agent at approximately 10:00 a.m.
(Chicago time) (or as soon thereafter as is practicable) on such day (or, if such
day is not a Business Day, on the immediately preceding Business Day) by two or
more Federal funds brokers selected by the Administrative Agent for sale to the
Administrative Agent at face value of Federal funds in the secondary market in
an amount equal or comparable to the principal amount for which such rate is
being determined, plus (y) 1/2 of 1%.

          (b)
Eurodollar
Loans. Each Eurodollar Loan made or maintained by a Lender shall
bear interest during each Interest Period it is outstanding (computed on the
basis of a year of 360 days and actual days elapsed) on the unpaid principal
amount thereof from the date such Loan is advanced or continued, or created by
conversion from a Base Rate Loan, until maturity (whether by acceleration or
otherwise) at a rate per annum equal to the sum of the Applicable Margin plus
the Adjusted LIBOR applicable for such Interest Period, payable by the Borrower
on each Interest Payment Date and at maturity (whether by acceleration or
otherwise). 

          “Adjusted
LIBOR” means, for any Borrowing of Eurodollar Loans, a
rate per annum determined in accordance with the following formula:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
LIBOR

	
 

	
 

	
Adjusted
 LIBOR

	
=

	

	
 

	
 

	
 

	
 

	
 

	
 

	
1 - Eurodollar Reserve Percentage

	
 

          “Eurodollar
Reserve Percentage” means, for any Borrowing of
Eurodollar Loans, the daily average for the applicable Interest Period of the
maximum rate, expressed as a decimal, at which reserves (including, without
limitation, any supplemental, marginal, and emergency reserves) are imposed during
such Interest Period by the Board of Governors of the Federal Reserve System
(or any successor) on “eurocurrency liabilities”, as defined in
such Board’s Regulation D (or in respect of any other category of
liabilities that includes deposits by reference to which the interest rate on
Eurodollar Loans is determined or any category of extensions of

-6-

credit or
other assets that include loans by non-United States offices of any Lender to
United States residents), subject to any amendments of such reserve requirement
by such Board or its successor, taking into account any transitional
adjustments thereto. For purposes of this definition, the Eurodollar Loans
shall be deemed to be “eurocurrency liabilities” as defined in
Regulation D without benefit or credit for any prorations, exemptions or
offsets under Regulation D.

          “LIBOR”
means, for an Interest Period for a Borrowing of Eurodollar Loans, (a) the
LIBOR Index Rate for such Interest Period, if such rate is available, and
(b) if the LIBOR Index Rate cannot be determined, the arithmetic average
of the rates of interest per annum (rounded upwards, if necessary, to the
nearest 1/100 of 1%) at which deposits in U.S. Dollars in immediately available
funds are offered to the Administrative Agent at 11:00 a.m. (London,
England time) two (2) Business Days before the beginning of such Interest
Period by three (3) or more major banks in the interbank eurodollar market
selected by the Administrative Agent for delivery on the first day of and for a
period equal to such Interest Period and in an amount equal or comparable to
the principal amount of the Eurodollar Loan scheduled to be made as part of
such Borrowing.

          “LIBOR
Index Rate” means, for any Interest Period, the rate
per annum (rounded upwards, if necessary, to the next higher one
hundred-thousandth of a percentage point) for deposits in U.S. Dollars for a
period equal to such Interest Period, which appears on the LIBOR01 Page as of
11:00 a.m. (London, England time) on the day 2 Business Days before
the commencement of such Interest Period.

          “LIBOR01
Page” means the display designated as “Reuters
Screen LIBOR01 Page” (or such other page as may replace the LIBOR01
Page on that service or such other service as may be nominated by the British
Bankers’ Association as the information vendor for the purpose of displaying
British Bankers’ Association Interest Settlement Rates for U.S. Dollar
deposits).

          (c)
Rate
Determinations. The Administrative Agent shall determine each
interest rate applicable to the Loans hereunder, and its determination thereof
shall be conclusive and binding except in the case of manifest error. 

          Section 2.2.
Funding Indemnity.
If any Lender shall incur any loss, cost or expense (including, without
limitation, any loss of profit, and any loss, cost or expense incurred by
reason of the liquidation or re-employment of deposits or other funds acquired
by such Lender to fund or maintain any Eurodollar Loan or the relending or
reinvesting of such deposits or amounts paid or prepaid to such Lender) as a
result of:

	
 

	
 

	
 

	
          (i)
 any payment or prepayment of a Eurodollar Loan on a date other than the last
 day of its Interest Period for any reason,

	
 

	
 

	
 

	
          (ii)
 any failure (because of a failure to meet the conditions of Borrowing or
 otherwise) by the Borrower to borrow or refund a Eurodollar Loan on the date
 specified in a notice given pursuant to this Agreement,

-7-

	
 

	
 

	
 

	
          (iii)
 any failure by the Borrower to make any payment of principal on any
 Eurodollar Loan when due (whether by acceleration or otherwise), or

	
 

	
 

	
 

	
          (iv)
 any acceleration of the maturity of a Eurodollar Loan as a result of the
 occurrence of any Event of Default hereunder,

then, upon the
demand of such Lender, the Borrower shall pay to such Lender such amount as
will reimburse such Lender for such loss, cost or expense. If any Lender makes
such a claim for compensation, it shall provide to the Borrower, with a copy to
the Administrative Agent, a certificate executed by an officer of such Lender
setting forth the amount of such loss, cost or expense in reason­able detail
(including an explanation of the basis for and the computation of such loss,
cost or expense) and the amounts shown on such certificate shall be deemed prima facie
correct.

          Section 2.3.
Change of Law.
Notwithstanding any other provisions of this Agreement or any Note, if at any
time any change in applicable law or regulation or in the interpretation
thereof makes it unlawful for any Lender to make or continue to maintain Loans
in Eurodollar Loans, such Lender shall promptly give notice thereof to the
Borrower and such Lender’s obligations to make or maintain Eurodollar Loans
under this Agreement shall terminate until it is no longer unlawful for such
Lender to make or maintain such Loans. The Borrower shall prepay on demand the
outstanding principal amount of any such affected Loans, together with all
interest accrued thereon and all other amounts then due and payable to such
Lender under this Agreement; provided, however, subject to all of the
terms and conditions of this Agreement, the Borrower may then elect to borrow
the principal amount of the affected Loans from such Lender by means of Base
Rate Loans which Loans shall not be made ratably by the Lenders but only from
such affected Lender.

          Section 2.4.
Unavailability.
If prior to the commencement of any Interest Period for any Borrowing of
Eurodollar Loans:

	
 

	
 

	
 

	
          (a)
 the Administrative Agent determines that deposits in U.S. Dollars (in the
 applicable amounts) are not being offered to it in the eurocurrency interbank
 market for such Interest Period, or that by reason of circumstances affecting
 the interbank eurocurrency market adequate and reasonable means do not exist
 for ascertaining the applicable LIBOR, or

	
 

	
 

	
 

	
          (b)
 the Required Lenders notify the Administrative Agent that (i) LIBOR as determined
 by the Administrative Agent will not adequately and fairly reflect the cost
 to such Lenders of funding their Eurodollar Loans for such Interest Period or
 (ii) that the making or funding of Eurodollar Loans has become impracticable,

then and in any
such event the Administrative Agent shall not less than two days prior to the
commencement of such Interest Period, give notice thereof to the Borrower and
the Lenders, whereupon until the Administrative Agent notifies the Borrower
that the circumstances giving rise to such suspension no longer exist, the
obligations of the Lenders to make Eurodollar Loans shall be suspended.

-8-

          Section 2.5.
Increased Cost and Reduced Return. If, on or after
the date hereof, the adoption of any applicable law, rule or regulation, or any
change therein, or any change in the interpretation or administration thereof
by any governmental authority, central bank or comparable agency charged with
the interpretation or administration thereof, or compliance by any Lender (or
its lending office) with any request or directive (whether or not having the
force of law) of any such authority, central bank or comparable agency:

	
 

	
 

	
 

	
          (i)
 shall subject any Lender (or its applicable lending office) to any tax, duty
 or other charge with respect to any of its Eurodollar Loans, its Term Notes,
 or its obligation to make Loans, or shall change the basis of taxation of
 payments to any Lender (or its applicable lending office) of the principal of
 or interest on any of its Eurodollar Loans, or any other amounts due under
 this Agreement in respect of its Eurodollar Loans or its obligation to make
 Eurodollar Loans (except for changes in the rate of tax on the overall net
 income of such Lender or its lending office imposed by the jurisdiction in
 which such Lender’s principal executive office or applicable lending office
 is located); or

	
 

	
 

	
 

	
          (ii)
 shall impose, modify or deem applicable any reserve, special deposit or
 similar requirement (including, without limitation, any such requirement
 imposed by the Board of Governors of the Federal Reserve System, but
 excluding with respect to any such requirement included in an applicable
 Eurocurrency Reserve Percentage) against assets of, deposits with or for the
 account of, or credit extended by, any Lender (or its applicable lending
 office) or shall impose on any Lender (or its lending office) or on the
 interbank market any other condition affecting its Loans, its Term Notes or
 any of its obligation to make Loans;

and the result
of any of the foregoing is to increase the cost to such Lender (or its lending
office) of making or maintaining any Term Loan, or to reduce the amount of any
sum received or receivable by such Lender (or its applicable lending office)
under this Agreement or under its Term Notes with respect thereto, by an amount
in each case deemed by such Lender, in its reasonable judgment, to be material,
then, within fifteen (15) days after demand by such Lender (with a copy to the
Administrative Agent), the Borrower shall be obligated to pay to such Lender
such additional amount or amounts as will compensate such Lender for such
increased cost or reduction.

          Each
Lender that determines to seek compensation under this Section 2.5 shall
notify the Borrower and the Administrative Agent of the circumstances that
entitle the Lender to such compensation pursuant to this Section 2.5 and
will designate a different lending office if such designation will avoid the
need for, or reduce the amount of, such compensation and will not, in the
reasonable judgment of such Lender, be otherwise disadvantageous to such
Lender. A certificate of any Lender claiming compensation under this
Section 2.5 and setting forth the additional amount or amounts to be paid
to it hereunder shall be deemed prima facie correct. In determining such
amount, such Lender may use any reasonable averaging and attribution methods.

          Section 2.6.
Lending Offices.
Each Lender may, at its option, elect to make its Loans hereunder at the
branch, office or affiliate specified on the appropriate signature page hereof

-9-

(each a
“Lending
Office”) for each type of Term Loan available hereunder or at such
other of its branches, offices or affiliates as it may from time to time elect
and designate in a notice to the Borrower and the Administrative Agent (but
such funds shall in any event be made available to the Borrower at the office
of the Administrative Agent as herein provided for), provided that the Borrower
shall not be required to reimburse any Lender under any of the provisions of
this Section 2 for any cost which such Lender would not have incurred but
for changing its lending or funding branch unless the Borrower consented in
writing to such change. 

          Section 2.7.
Discretion of Lender as to Manner of Funding. Notwithstanding
any other provision of this Agreement, each Lender shall be entitled to fund
and maintain its funding of all or any part of its Term Loans in any manner it
sees fit, it being understood, however, that for the purposes of this Agreement
all determinations under this Agreement shall be made as if each Lender had
actually funded and maintained each Eurodollar Loan through the purchase of
deposits in the relevant market having a maturity corresponding to such Eurodollar
Loan’s Interest Period and bearing an interest rate equal to Adjusted LIBOR for
the currency in question for such Interest Period.

          Section 2.8.
Capital Adequacy.
If any Lender shall determine that any applicable law, rule or regulation
regarding capital adequacy instituted after the date hereof, or any change in
the interpretation or administration of any applicable law, rule or regulation
regarding capital adequacy by any governmental authority, central bank or
comparable agency charged with the interpretation or administration thereof or
compliance by such Lender (or its lending office) with any request or directive
regarding capital adequacy (whether or not having the force of law) of any such
authority, central bank or comparable agency, has or would have the effect of
reducing the rate of return on such Lender’s capital as a consequence of its
obligations hereunder or credit extended by it hereunder to a level below that
which such Lender could have achieved but for such law, rule, regulation,
change or compliance (taking into consideration such Lender’s policies with
respect to capital adequacy) by an amount reasonably deemed by such Lender to
be material, then from time to time as specified by such Lender the Borrower
shall pay on demand such additional amount or amounts as will compensate such
Lender for such reduction. A certificate of any Lender claiming compensation
under this Section 2.8 and setting forth the additional amount or amounts
to be paid to it hereunder in reasonable detail shall be prima facie evidence
thereof. In determining such amount, such Lender may use any reasonable
averaging and attribution methods.

          Section 2.9.
Substitution of Lenders. In the event (a) the
Borrower receives a claim from any Lender for compensation under
Section 2.5 or 11.1 hereof, (b) the Borrower receives notice from any
Lender of any illegality pursuant to Section 2.3 hereof, (c) any
Lender is in default in any material respect with respect to its obligations
under the Loan Documents, or (d) a Lender fails to consent to an amendment
or waiver requested under Section 11.4 hereof at a time when the Required
Lenders have approved such amendment or waiver (any such Lender referred to in
clause (a), (b), (c), or (d) above being hereinafter referred to as an “Affected
Lender”), the Borrower may, in addition to any other rights the
Borrower may have hereunder or under applicable law, require, at its expense,
any such Affected Lender to assign, at par, without recourse, all of its
interest, rights, and obligations hereunder (including all of its Commitments
and the Loans and other amounts at any time owing to it hereunder and the other
Loan 

-10-

Documents) to
an Eligible Assignee specified by the Borrower, provided that (i) such
assignment shall not conflict with or violate any law, rule or regulation or
order of any court or other governmental authority, (ii) the Borrower
shall have paid to the Affected Lender all monies (together with amounts due
such Affected Lender under Section 2.2 hereof as if the Loans owing to it
were prepaid rather than assigned) other than such principal owing to it
hereunder, and (iii) the assignment is entered into in accordance with,
and subject to the consents required by, Section 11.17 hereof (provided
any assignment fees and reimbursable expenses due thereunder shall be paid by
the Borrower). 

	
 

	
 

	
SECTION 3.

	
FEES,
 PAYMENTS, REDUCTIONS AND NOTATIONS.

          Section 3.1.
Fees. The Borrower
shall pay to the Administrative Agent, for itself and the benefit of the
Lenders, the fees as set forth in that certain fee letter dated August 15,
2007, between the Borrower and the Administrative Agent.

          Section 3.2.
Voluntary Prepayments. The Borrower
shall have the privilege of prepaying without premium or penalty (except as set
forth in Section 2.2 above) and in whole or in part (but, if in part,
then: (i) in an amount not less than $1,000,000, or such lesser amount as
may then be outstanding, and (ii) in each case, in an amount such that the
minimum amount required for a Borrowing pursuant to Section 1.2 hereof
remains outstanding) any Borrowing of Eurodollar Loans at any time upon three
(3) Business Days prior notice by the Borrower to the Administrative Agent
or, in the case of a Borrowing of Base Rate Loans, notice delivered by the
Borrower to the Administrative Agent no later than 10:00 a.m. (Chicago
time) on the date of prepayment, such prepayment to be made by the payment of
the principal amount to be prepaid and, in the case of any Eurodollar Loans,
accrued interest thereon to the date fixed for prepayment plus any amounts due
the Lenders under Section 2.2 hereof.

          Section 3.3.
Mandatory Prepayments. (a)
Asset
Dispositions. (i) Subject to the terms of the Intercreditor
Agreement, if the Borrower or any Restricted Subsidiary shall at any time or
from time to time make or agree to make a Disposition or shall suffer an Event
of Loss resulting in Net Cash Proceeds in excess of $5,000,000 individually or
on a cumulative basis in any fiscal year of the Borrower, to the extent the
aggregate amount of all such Net Cash Proceeds received by the Borrower and the
Restricted Subsidiaries during the period from and including the date hereof to
and including the date of such Disposition or Event of Loss exceed 10% of the
book value of assets of the Borrower and the Restricted Subsidiaries as of such
date, then (x) the Borrower shall promptly notify the Administrative Agent
of such proposed Disposition or Event of Loss (including the amount of the
estimated Net Cash Proceeds to be received by the Borrower or such Subsidiary
in respect thereof) and (y) such Net Cash Proceeds shall be paid over to
the Administrative Agent promptly upon receipt by the Borrower or such
Restricted Subsidiary of the Net Cash Proceeds of such Disposition or Event of Loss
for application as set forth herein. Subject to the terms of the Intercreditor
Agreement, immediately upon receipt by the Borrower or such Restricted
Subsidiary of such Net Cash Proceeds, the Administrative Agent shall apply such
Net Cash Proceeds to the payment of all Obligations; provided that in the case of
each Disposition and Event of Loss so long as no Default or Event of Default
shall have occurred and is then continuing, if the Borrower states in its
notice of such event that the applicable Borrower or the applicable Subsidiary
intends to reinvest, within 180 days of the 

-11-

applicable
Disposition or receipt of Net Cash Proceeds from an Event of Loss, the Net Cash
Proceeds thereof in assets similar to the assets which were subject to such
Disposition or Event of Loss, then the Administrative Agent shall deposit such
Net Cash Proceeds in an account held by the Administrative Agent or one or more
of its Affiliates and the Commitments shall not so terminate under this Section
to the extent such Net Cash Proceeds are actually reinvested in such similar
assets within such 180-day period. Concurrently with any such reinvestment, the
Administrative Agent shall return the amount of such Net Cash Proceeds to be
reinvested to the Borrower. Subject to the terms of the Intercreditor
Agreement, promptly after the end of such 180-day period, in the event that the
applicable Borrower or Restricted Subsidiary has not reinvested any of such Net
Cash Proceeds in such similar assets, the Commitments shall immediately terminate
in an amount equal to 100% of such Net Cash Proceeds and the Administrative
Agent shall promptly apply such Net Cash Proceeds to the payment of all
Obligations, until paid in full, and release the balance thereof to the
Borrower. 

          (b)
Equity
Issuances. If after the Closing Date the Borrower or any Subsidiary
shall issue new equity securities (whether common preferred stock, or
convertible debt permitted by Section 7.10(p) hereof or otherwise), other
than equity securities issued in connection with the exercise of employee stock
options and capital stock of the Borrower issued to the seller of an Acquired
Business in connection with an Acquisition permitted hereby, the Borrower shall
promptly notify the Administrative Agent of the estimated Net Cash Proceeds of
such issuance to be received by or for the account of the Borrower or such
Subsidiary in respect thereof. Promptly upon receipt by the Borrower or such
Subsidiary of Net Cash Proceeds of such issuance, the Borrower shall prepay the
Obligations in an aggregate amount equal to 100% of the amount of such Net Cash
Proceeds. The amount of each such prepayment shall be applied to the
outstanding Term Loans until paid in full. The Borrower acknowledges that its
performance hereunder shall not limit the rights and remedies of the Lenders
for any breach of Section 7.15 (Maintenance of Subsidiaries) or
Section 8.1(j) (Change in Control) hereof or any other terms of the Loan
Documents. 

          (c)
Debt
Issuances. If after the Closing Date the Borrower or any Subsidiary
shall issue any Indebtedness for Borrowed Money, other than Indebtedness for
Borrowed Money permitted by 7.10 hereof (other than Indebtedness for Borrowed
Money permitted by Section 7.10(p)), the Borrower shall promptly notify
the Administrative Agent of the estimated Net Cash Proceeds of such issuance to
be received by or for the account of the Borrower or such Subsidiary in respect
thereof. Promptly upon receipt by the Borrower or such Subsidiary of Net Cash
Proceeds of such issuance, the Borrower shall prepay the Obligations in an
aggregate amount equal to 100% of the amount of such Net Cash Proceeds. The
amount of each such prepayment shall be applied to the outstanding Term Loans
until paid in full. The Borrower acknowledges that its performance hereunder
shall not limit the rights and remedies of the Lenders for any breach of
Section 7.10 hereof or any other terms of the Loan Documents.

          Section 3.4.
Place and Application.
All payments of principal, interest and fees shall be made to the
Administrative Agent at its office at 111 West Monroe Street, Chicago, Illinois
(or at such other place as the Administrative Agent may specify) in immediately
available and freely transferable funds at the place of payment by no later
than 12:00 Noon Central Time on the due date thereof. Any payments received by
the Administrative Agent after such time shall be 

-12-

deemed
received as of the opening of business on the next Business Day. All such
payments shall be made in U.S. Dollars, in immediately available funds at the
place of payment. All such payments shall be made without set-off or
counterclaim and without reduction for, and free from, any and all present or
future taxes, levies, imposts, duties, fees, charges, deductions, withholdings,
restrictions or conditions of any nature imposed by any government or political
subdivision or taxing authority thereof. Except as herein provided, all
payments shall be received for the ratable account of the Lenders and shall be
distributed by the Administrative Agent to the Lenders in accordance with their
Percentages on the date the Administrative Agent receives payment, or if the
Administrative Agent receives payment later than 12:00 Noon Central Time, then
no later than the next Business Day. Unless the Borrower otherwise requests,
each prepayment shall be first applied to the Borrower’s Base Rate Loans and
then to its Eurodollar Loans in the order in which their Interest Periods
expire. Each partial prepayment pursuant to Section 3.2 or Section 3.3 shall be
applied to the remaining amortization payments in the reverse order of
maturity. Any prepayment of Eurodollar Loans shall be accompanied by any amount
due the Lenders under Section 2.2 hereof but acceptance of any such
prepayment without such a payment being made shall not preclude a later demand
by the Lenders for such payment.

          Anything
contained herein to the contrary notwithstanding, but subject to the
Intercreditor Agreement, all payments and collections received in respect of
the Obligations and all proceeds of the Collateral received, in each instance,
by the Administrative Agent or any of the Lenders after the occurrence of an
Event of Default shall be remitted to the Administrative Agent and distributed
as follows: 

          (a)
first, to the payment of any outstanding costs and expenses incurred by the
Administrative Agent in monitoring, verifying, protecting, preserving or
enforcing the Liens on the Collateral or by the Administrative Agent in
protecting, preserving or enforcing rights under the Loan Documents, and in any
event all costs and expenses of a character which the Borrower has agreed to
pay under Section 11.5 hereof (such funds to be retained by the
Administrative Agent for its own account unless the Administrative Agent has
previously been reimbursed for such costs and expenses by the Lenders, in which
event such amounts shall be remitted to the Lenders to reimburse them for
payments theretofore made to the Administrative Agent);

          (b)
second, to the payment of any outstanding interest or other fees or amounts due
under the Term Notes and the other Loan Documents, in each case other than for
principal, ratably as among the Administrative Agent and the Lenders in accord
with the amount of such interest and other fees or amounts owing each;

          (c)
third, to the payment of the principal of the Term Notes, and Hedging
Liability, and, in the case of Hedging Liability, their Affiliates, to be
allocated pro rata in accordance with the then aggregate unpaid amounts owing
to each holder thereof;

-13-

          (d)
fourth, to the Administrative Agent and the Lenders ratably in accordance with
the amounts of any other indebtedness, obligations or liabilities of the
Borrower owing to each of them and secured by the Collateral Documents unless
and until all such indebtedness, obligations and liabilities have been fully
paid and satisfied; and

        (e)  fifth, to the Borrower or whoever else may be
lawfully entitled thereto.

          Section 3.5.
Notations and Requests. All Borrowings
made against the Term Notes and the rates of interest applicable thereto, the
maturity thereof, shall be recorded by the Lenders on their books or, at their
option in any instance, endorsed on the reverse side of the Term Notes and the
unpaid principal balances and status, rates and currencies so recorded or
endorsed by the Lenders shall be prima facie evidence in any court or other
proceeding brought to enforce the Term Notes of the principal amount remaining
unpaid thereon, the interest rates applicable thereto and the maturity thereof.
Prior to any negotiation of any Term Note, the Lender holding such Term Note
shall endorse thereon the outstanding amount of Borrowings evidenced thereby,
the currencies in which the same are payable, the rates of interest applicable
thereto and the maturities thereof.

	
 

	
 

	
SECTION 4.

	
THE
 COLLATERAL AND THE GUARANTEES.

          Section 4.1.
The Collateral.
Subject to the Intercreditor Agreement, the Obligations and Hedging Liability
shall be secured by valid and perfected first Liens on all inventory, accounts
receivable, equipment and other personal property (as further described in the
Collateral Documents) of the Borrower and the Guarantors, and, subject to the
provisions of this Section 4.1, all capital stock of all Guarantors,
together with all instruments, securities, chattel paper and intangibles of the
Borrower and the Guarantors and all proceeds of the foregoing; provided
however that unless and until the Required Lenders otherwise elect
(i) the Borrower and the Guarantors shall not be required to note the Administrative
Agent’s Lien on any certificate of title issued for a vehicle or to perfect a
Lien on fixtures and (ii) no Guarantor, the fair market value of whose
assets aggregate less than $1,000,000, shall be required to grant Liens on its
assets to the Administrative Agent, further provided that (i) Liens on
(a) any contract (or modification thereof) (a “Contract”) to which any
Guarantor is a party (“Contractor”), the performance of which is
guaranteed by any bond, undertaking, instrument of guarantee or any
continuation, extension, alteration, renewal or substitution thereof, executed
by any bonding company of a Contractor; (b) any subcontract or purchase
order and against any legal entity and its bonding company which has contracted
with a Contractor to furnish labor, materials, equipment, and supplies in
connection with any Contract; (c) monies, Contract balances, due or to
become due any Contractor on any Contract, including all monies earned or
unearned which are unpaid at the time of notification by a bonding company to
the obligee of the bonding company’s rights under any agreement of indemnity
with a Contractor; (d) any actions, causes of action, claims or demands
whatsoever which a Contractor may have or acquire against any party to a
Contract or arising out of or in connection with any Contract, including but
not limited to those against obligees and design professionals any bonding
company or binding companies of any obligee; (e) any and all rights,
title, interest in, or use of any patent, copyright or trade secret which is or
may be necessary for the completion of any bonded work; (f) all monies due
or to become due to a Contractor on any policy of insurance relating to any
claims arising out of the 

-14-

performance of
any Contract or to premium refunds, including, but not limited to, builders
risk, fire, employee dishonesty or workers’ compensation policies; (g) all
supplies, tools, plants, material, inventory, and equipment (whether completely
manufactured or not), wherever located, which have been or hereafter may be
purchased, used, or acquired for use, entirely or partly, in connection with or
to be incorporated into the matter that is the subject of any Contract; and
(h) all amounts that may be owing from time to time by a bonding company
to a Contractor or any Guarantor in any capacity including, without limitation,
any balance or share belonging to such Contractor or Guarantor or any deposit
or other account with a bonding company, may be subject to prior Liens in favor
of bonding companies to secure obligations in connection with such payment and
performance bonds; (ii) no Lien need be granted on any asset subject to a lien
permitted by Section 7.11(e), (i), (l) (as to Liens on fixed assets only)
or (m) (iii) no Lien need be granted on the capital stock of an Unrestricted
Subsidiary or on the capital stock or assets of Foreign Subsidiaries,
(iv) no Liens need be granted on real property unless and until the
Required Lenders so require, (v) Liens granted may be subject and subordinate
to Liens permitted by clauses (a), (b), (c), (e), (f), (g), (h), (j), (k), (n),
(o) and (q) of Section 7.11 hereof, (vi) Liens need not be perfected
by possession or control (but may be perfected by the filing of a financing
statement) on notes receivable having a fair value of less than $1,000,000 in
any instance and $5,000,000 in the aggregate or on bonds or notes pledged to
the City of New York in lieu of retainage, (vii) Liens need not be
perfected by possession or control (but may be perfected by the filing of a
financing statement) on equity securities (other than capital stock of
Restricted Subsidiaries to the extent required hereby) having a fair value of
less than $1,000,000 in any instance and $5,000,000 in the aggregate and (viii)
no lien need be granted on any contract, license, permit or franchise, that
validly prohibits the creation, attachment, or perfection of a security
interest in favor of the Administrative Agent in such contract, license, permit
or franchise (or in any rights or property obtained by such Person under such
contract, license, permit or franchise), (ix) no lien need be granted on any
rights or property to the extent that any valid and enforceable law or
regulation applicable to such rights or property prohibits the creation of a security
interest therein, and (x) no lien need be granted on any rights or property to
the extent that such rights or property secure purchase money financing
therefor permitted by this Term Loan Agreement and the agreements providing
such purchase money financing prohibit the creation of a further security
interest therein. The Borrower agrees that it will, and will cause the
Guarantors to, from time to time at the request of the Administrative Agent or
the Required Lenders execute and deliver such documents, security agreements,
assignments, pledges, hypothecs or charges and do such acts and things as the
Administrative Agent or the Required Lenders may reasonably request in order to
provide for or perfect such Liens on the Collateral. The portion of the capital
stock of each U.K. Subsidiary and Canadian Subsidiary owned by a U.S.
Corporation and constituting Collateral in excess of 65% of the total issued
and outstanding capital stock of such Subsidiary shall be referred to herein as
“Excess
Stock Collateral”). In no event shall the Excess Stock Collateral
secure the indebtedness, liabilities and obligations of the Borrower or the
U.S. Subsidiaries hereunder or under the other Loan Documents. Notwithstanding
the foregoing, no Lien need be granted on the capital stock of a captive
insurance company or captive surety company if the granting of such Lien would
violate applicable law or require the consent of any applicable regulatory
body.

          Section 4.2.
The Guarantees.
The Obligations and Hedging Liability of the Borrower shall be fully guaranteed
by the Guarantors. Subject to 4.1, the Required Lenders may from time 

-15-

to time
require any Restricted Subsidiary which is a U.S. Subsidiary (other than
Restricted Subsidiaries which are not Wholly-Owned Subsidiaries and any captive
insurance company or captive surety company which is a Restricted Subsidiary)
to provide a Guarantee and Liens on its assets in which event the Borrower
shall within 30 days of request cause such Restricted Subsidiary to
execute and deliver a Guarantee to the Administrative Agent together with such
supporting resolutions, opinions and other showings as the Administrative Agent
may reasonably require. 

	
 

	
 

	
SECTION 5.

	
REPRESENTATIONS
 AND WARRANTIES.

          The
Borrower represents and warrants to the Administrative Agent and the Lenders as
follows:

          Section 5.1.
Organization and Qualification. The Borrower is
duly organized, validly existing and in good standing as a corporation, under
the laws of Delaware has full and adequate power to own its Property and
conduct its business as now conducted, and is duly licensed or qualified and in
good standing in each jurisdiction in which the failure to be so qualified
would have a Material Adverse Effect.

          Section 5.2.
Subsidiaries.
Except as set forth in the Side Letter (as hereinafter defined), each
Restricted Subsidiary is duly organized, validly existing and in good standing
(or their equivalents under applicable local law) under the laws of the
jurisdiction in which it is incorporated or organized, as the case may be, has
full and adequate power to own its Property and conduct its business as now
conducted, and is duly licensed or qualified and in good standing in each
jurisdiction in which the failure to be so qualified or in good standing would
have a Material Adverse Effect. As of the date hereof, Schedule 5.2 hereto
identifies each Restricted Subsidiary, the jurisdiction of its incorporation or
organization, as the case may be, the percentage of issued and outstanding
shares of each class of its capital stock or other equity interests owned by
the Borrower and the Restricted Subsidiaries and, if such percentage is not
100% (excluding directors’ qualifying shares as required by law), a description
of each class of its authorized capital stock and other equity interests and
the number of shares of each class issued and outstanding and the Borrower will
notify the Administrative Agent of any material changes in such information.
All of the outstanding shares of capital stock and other equity interests of
each such Subsidiary are validly issued and outstanding and fully paid and
nonassessable (except for the provisions of Section 630 of the Business
Corporation Law of the State of New York, as to New York Corporations) and as
of the date hereof all such shares and other equity interests indicated on
Schedule 5.2 as owned by the Borrower or a Restricted Subsidiary are as of
the date hereof owned, beneficially and of record, by the Borrower or such
Restricted Subsidiary free and clear of all Liens not permitted hereby. There
are no outstanding commitments or other obligations of any Restricted
Subsidiary to issue, and no options, warrants or other rights of any Person to
acquire, any shares of any class of capital stock or other equity interests of
any Restricted Subsidiary except in favor of the Borrower or a Restricted
Subsidiary.

          Section 5.3.
Corporate Authority and Validity of Obligations. The Borrower has
full right and authority to enter into this Agreement and the other Loan
Documents to which it is a party, to make the borrowings herein provided for,
to issue the Term Notes in evidence thereof, 

-16-

to grant to
the Administrative Agent the Liens provided for in the Collateral Documents
being executed by it, and to perform all of its obligations hereunder and under
the other Loan Documents to which it is a party. Each Guarantor has full right
and authority to enter into the Loan Documents to which it is a party, to grant
to the Administrative Agent the Liens provided for in the Collateral Documents
executed by it and to perform all of its obligations under such Loan Documents.
The Loan Documents have been duly authorized, executed and delivered by the
Borrower and Guarantors and constitute valid and binding obligations of the
Borrower and Guarantors enforceable in accordance with their terms except as
enforceability may be limited by bankruptcy, insolvency or similar laws
affecting creditors’ rights generally and general principles of equity
(regardless of whether the application of such principles is considered in a
proceeding in equity or at law); and this Agreement and the other Loan
Documents do not, nor does the performance or observance by the Borrower or any
Guarantor of any of the matters and things herein or therein provided for,
contravene or constitute a default under any provision of law or any judgment,
injunction, order or decree binding upon the Borrower or any Guarantor or any
provision of the charter, articles of incorporation or organization or by-laws
of the Borrower or any Guarantor or any covenant, indenture or agreement of the
Borrower or the Guarantors or affecting any of their Properties, or result in
the creation or imposition of any Lien on any Property of the Borrower or the
Guarantors.

          Section 5.4.
Use of Proceeds; Margin Stock. The Borrower
shall use the proceeds of the Term Loans and other extensions of credit made
available hereunder solely for their general corporate purposes (including
ordinary course of business refunding of indebtedness and acquisitions and
investments permitted hereunder). Neither the Borrower nor any Subsidiary
is engaged in the business of extending credit for the purpose of purchasing or
carrying margin stock (within the meaning of Regulation U of the Board of
Governors of the Federal Reserve System), and no part of the proceeds of any
Term Loan or any other extension of credit made hereunder will be used to
purchase or carry any such margin stock or to extend credit to others for the
purpose of purchasing or carrying any such margin stock.

          Section 5.5.
Financial Reports.
The consolidated balance sheet of the Borrower and its Subsidiaries as at
December 31, 2006 and the related consolidated statements of operations,
cash flows and shareholder’s equity of the Borrower and its subsidiaries for
the fiscal year then ended, and accompanying notes thereto, which consolidated
financial statements are accompanied by the audit report of Ernst &
Young LLP, an independent registered public accounting firm, and the
unaudited interim condensed consolidated balance sheet of the Borrower and its
subsidiaries as at June 30, 2007 and the related interim condensed consolidated
statements of operations, cash flows and shareholder’s equity of the Borrower
and its subsidiaries for the six (6) months then ended heretofore furnished to
the Lenders, fairly present the consolidated financial condition of the
Borrower and its subsidiaries as at said dates and the results of their
operations and cash flows for the periods then ended in conformity with
generally accepted accounting principles applied on a consistent basis, but
subject, in the case of such interim condensed financial statements and the
related notes thereto, to year end audit adjustments which are not expected to
be material. Neither the Borrower nor any Restricted Subsidiary has, to the
best of its knowledge, contingent liabilities which could reasonably be
expected to have a Material Adverse Effect other than as indicated on such
financial statements or, as to each reaffirmation of this sentence’s
representation and warranty in the future, on the most recent financial
statements or 

-17-

the related
notes thereto which are to be provided to the Lenders pursuant to
Section 7.5 hereof or other than as set forth in that certain Side Letter
dated September 19, 2007 from the Borrower to the Administrative Agent (the “Side
Letter”).

          Section 5.6.
No Material Adverse Change. Since
December 31, 2006, there has been no change in the condition (financial or
otherwise) or business prospects of the Borrower and its Restricted
Subsidiaries which could reasonably be expected to have a Material Adverse
Effect.

          Section 5.7.
Full Disclosure.
The statements and information furnished by or on behalf of the Borrower to the
Administrative Agent and the Lenders through the date hereof in connection with
the negotiation of this Agreement and the other Loan Documents and the
commitments by the Lenders to provide all or part of the financing contemplated
hereby do not, taken as a whole, contain any untrue statements of a material
fact or omit a material fact necessary to make the material statements
contained herein or therein not misleading, the Lenders acknowledging that as
to any projections furnished to the Lenders by or on behalf of the Borrower,
the Borrower only represents that the same were prepared on the basis of
information and estimates the Borrower believed to be reasonable.

          Section 5.8.
Good Title.
Except to the extent heretofore disclosed on the Schedules to this Agreement or
in the Side Letter, as of the date hereof the Borrower and the Restricted
Subsidiaries have good and marketable title to their real property and good and
merchantable title to the balance of their assets as reflected on the most
recent balance sheets of the Borrower and its Restricted Subsidiaries furnished
to the Lenders (except for sales of assets by the Borrower and its Restricted
Subsidiaries in the ordinary course of business), subject to no Liens other
than such thereof as are permitted by Section 7.11 hereof.

          Section 5.9.
Litigation and Other Controversies.
Except as disclosed on Schedule 5.9 hereof or in the Side Letter, there is no
litigation or governmental proceeding or labor controversy pending, nor to the
knowledge of the Borrower threatened, against the Borrower or any Restricted
Subsidiary which if adversely determined would (a) impair the validity or
enforceability of, or impair the ability of the Borrower or any Guarantor to perform
its obligations under, this Agreement or any other Loan Document or
(b) have a Material Adverse Effect.

          Section 5.10.
Taxes.
All tax returns which, to the best knowledge of the Borrower, are required to
be filed by the Borrower or any Restricted Subsidiary in any jurisdiction have,
in fact, been filed, and all taxes, assessments, fees and other governmental
charges upon the Borrower or any Restricted Subsidiary or upon any of their
respective Properties, income or franchises, which are shown to be due and
payable in such returns, have been paid to the extent due, in each case except
where the failure to do so would not cause a Material Adverse Effect. The
Borrower does not know of any material proposed additional tax assessment
against it or the Restricted Subsidiaries for which adequate provision in
accordance with GAAP has not been made in the financial statements of Borrower
on a consolidated basis. Adequate provisions in accordance with GAAP for taxes
on the books of the Borrower and each Restricted Subsidiary have been made for
all open years, and for its current fiscal period.

-18-

          Section 5.11.
Approvals. No authorization,
consent, license, or exemption from, or filing or registration with, any court
or governmental department, agency or instrumentality, nor any approval or
consent of the stockholders of the Borrower or any other Person, is or will be
necessary to the valid execution, delivery or performance by the Borrower or
the Guarantors of this Agreement or any other Loan Document, other than the
stockholders of the Guarantors.

          Section 5.12.
Affiliate Transactions.
Neither the Borrower nor any Restricted Subsidiary is a party to any contract
or agreement with any of its Affiliates (other than contracts and agreements
between and among the Borrower and Restricted Subsidiaries) on terms and
conditions which are less favorable to the Borrower or such Restricted
Subsidiary than would be usual and customary in similar contracts or agreements
between Persons not affiliated with each other than any such contract or
agreement which could not reasonably be expected to have a Material Adverse
Effect.

          Section 5.13.
Investment Company.
Neither the Borrower nor any Subsidiary is an “investment company” or a company
“controlled” by an “investment company” within the meaning of the Investment
Company Act of 1940, as amended.

          Section 5.14.
ERISA. Except to the
extent heretofore disclosed in writing to the Lenders, the Borrower and each
other member of its Controlled Group has fulfilled its obligations under the
minimum funding standards of and is in compliance in all material respects with
ERISA and the Code to the extent applicable to it and has not incurred any
material liability to the PBGC or a Plan (other than material liabilities
arising in the future under a multiemployer plan as defined in
Section 4001(c)(3) of ERISA which could not reasonably be expected to have
a Material Adverse Effect) under Title IV of ERISA other than a material
liability to the PBGC for premiums under Section 4007 of ERISA. As of the
date hereof no Borrower nor any Restricted Subsidiary has any contingent
liabilities with respect to any post-retirement benefits under a Welfare Plan,
other than liability for continuation coverage described in Article 6 of
Title I of ERISA. 

          Section 5.15.
Compliance with Laws. The Borrower and
each Restricted Subsidiary is in compliance with the requirements of all
federal, governmental (whether national, supra-national or otherwise), state,
provincial and local laws, rules and regulations applicable to or pertaining to
their Properties or business operations (including, without limitation, the
Occupational Safety and Health Act of 1970, the Americans with Disabilities Act
of 1990, and laws and regulations establishing quality criteria and standards
for air, water, land and toxic or hazardous wastes and substances), except for
such non-compliance with the same which could not reasonably be expected to
have any Material Adverse Effect. No Borrower nor any Restricted Subsidiary has
received notice to the effect that its operations are not in compliance with
any of the requirements of applicable federal, governmental (whether national,
supra-national or otherwise), state, provincial or local environmental, health
and safety statutes and regulations or are the subject of any governmental
investigation evaluating whether any remedial action is needed to respond to a
release of any toxic or hazardous waste or substance into the environment,
which non-compliance or remedial action could reasonably be expected to have a
Material Adverse Effect.

-19-

          Section 5.16.
Other Agreements.
No Borrower nor any Restricted Subsidiary is in default under the terms of any
covenant, indenture or agreement of or affecting the Borrower, any Restricted
Subsidiary or any of their Properties, which default if uncured could
reasonably be expected to have a Material Adverse Effect.

          Section 5.17.
No Default. No
Default or Event of Default has occurred and is continuing.

          Section
5.18. Solvency. The Borrower is solvent, able to pay
its debts as they become due, and has sufficient capital to carry on its
business and all businesses in which it is about to engage.

          Section 5.19.
Stock Purchase Agreement. The Stock Purchase Agreement
is in full force and effect and has not, except as reflected in amendments
provided to the Administrative Agent, been amended or modified in any material
respect from the version so delivered to the Administrative Agent, and no
material condition to the effectiveness thereof or the obligations of the
Borrower or the Sellers thereunder has been waived, except to the extent
disclosed to the Administrative Agent and the Lenders prior to the date hereof,
and the Borrower is not aware of any default thereunder. Except for filing
under the Hart-Scott-Rodino Act, no authorization, consent, license, or
exemption from, or filing or registration with, any court or governmental
department, agency, or instrumentality, nor any approval or consent of any
other Person, is or will be necessary to the valid execution, delivery, or
performance by the Borrower or the Sellers of the Stock Purchase Agreement or
of any other instrument or document executed and delivered in connection
therewith, except for such thereof that have heretofore been obtained and
remain in full force and effect.

	
 

	
 

	
SECTION 6.

	
CONDITIONS  PRECEDENT.

          The
obligation of each Lender to advance the Term Loan shall be subject to the
following conditions precedent:

	
 

	
 

	
 

	
          (a)
 the Administrative Agent shall have received for each Lender this Agreement
 duly executed by the Borrower and the Lenders;

	
 

	
 

	
 

	
          (b)
 the Administrative Agent shall have received for each Lender such Lender’s
 duly executed Notes of the Borrower dated the date hereof and otherwise in
 compliance with the provisions hereof;

	
 

	
 

	
 

	
          (c)
 the Administrative Agent or the Collateral Agent, as the case may be, shall
 have received the Collateral Documents duly executed by the Borrower and the
 Guarantors, together with (i) original stock certificates or other
 similar instruments or securities representing substantially all of the
 issued and outstanding shares of capital stock or other equity interests in
 the Restricted Subsidiaries as of the date hereof, (ii) stock powers for
 the Collateral consisting of the stock or other equity interest in each
 Restricted Subsidiary executed in blank and undated, (iii) UCC financing
 statements to be filed against the Borrower and each Subsidiary, as debtor,
 in favor of the Administrative Agent, as secured party, (iv) patent,
 trademark, and copyright collateral 

-20-

	
 

	
 

	
 

	
agreements,
 to the extent requested by the Administrative Agent, and (v) deposit
 account, securities account, and commodity account control agreements to the
 extent requested by the Administrative Agent, in each case to the extent
 required by Section 4.1 hereof;

	
 

	
 

	
 

	
          (d)
 the Administrative Agent shall have received evidence of insurance required
 to be maintained under the Loan Documents, naming the Collateral Agent as
 mortgagee and loss payee;

	
 

	
 

	
 

	
          (e)
 the Administrative Agent shall have received for each Lender copies of the
 Borrower’s and each Guarantor’s articles of incorporation and bylaws (or
 comparable organizational documents) and any amendments thereto, certified in
 each instance by its Secretary or Assistant Secretary;

	
 

	
 

	
 

	
          (f)
 the Administrative Agent shall have received for each Lender copies of
 resolutions of the Borrower’s and each Guarantor’s Board of Directors (or
 similar governing body) authorizing the execution, delivery and performance
 of this Agreement and the other Loan Documents to which it is a party and the
 consummation of the transactions contemplated hereby and thereby, together
 with specimen signatures of the persons authorized to execute such documents
 on the Borrower’s and each Guarantor’s behalf, all certified in each instance
 by its Secretary or Assistant Secretary;

	
 

	
 

	
 

	
          (g)
 the Administrative Agent shall have received for each Lender copies of the
 certificates of good standing for the Borrower and each Guarantor (dated no
 earlier than 30 days prior to the date hereof) from the office of the
 secretary of the state or other applicable governmental office of its
 incorporation or organization;

	
 

	
 

	
 

	
          (h)
 the Administrative Agent shall have received for each Lender a list of the
 Borrower’s Authorized Representatives;

	
 

	
 

	
 

	
          (i)
 the Administrative Agent shall have received for itself and for the Lenders
 the initial fees called for by Section 3.1 hereof;

	
 

	
 

	
 

	
          (j)
 each Lender shall have received such evaluations and certifications as it may
 reasonably require (including a compliance certificate in the form attached
 hereto as Exhibit C containing compliance calculations of the financial
 covenants as of June 30, 2007) in order to satisfy itself as to the
 value of the Collateral, the financial condition of the Borrower and the
 Guarantors, and the lack of material contingent liabilities of the Borrower
 and the Guarantors;

	
 

	
 

	
 

	
          (k)
 the Administrative Agent shall have received financing statement, tax, and
 judgment lien search results against the Property of the Borrower, each
 Guarantor and the Target and its Subsidiaries evidencing the absence of Liens
 on its Property except as permitted by Section 7.11 hereof and searches
 (in form and substance satisfactory to the Administrative Agent) conducted at
 all relevant registries affecting the Borrower, the Guarantors or their
 respective Property and all registrations reasonably required by the 

-21-

	
 

	
 

	
 

	
Administrative
 Agent in respect of the Liens created under the Collateral Documents shall
 have been completed;

	
 

	
 

	
 

	
          (l)
 the Administrative Agent shall have received a fully executed amendment to
 the Revolving Credit Agreement in form and substance satisfactory to the
 Administrative Agent including, but not limited to, permitting the FR
 Acquisition and the Borrower’s execution and delivery of this Agreement;

	
 

	
 

	
 

	
          (m)
 the Administrative Agent shall have received for each Lender the favorable
 written opinion of counsel to the Borrower and each Guarantor, in form and
 substance satisfactory to the Administrative Agent; and

	
 

	
 

	
 

	
          (n)
 the Administrative Agent shall have received a certified copy of the Stock
 Purchase Agreement;

	
 

	
 

	
 

	
          (o)
 the FR Acquisition shall close concurrently with or prior to the initial
 Credit Utilization on the terms set forth in the Stock Purchase Agreement and
 without waiver by the Borrower of any material conditions to closing set
 forth therein;

	
 

	
 

	
 

	
          (p)
 on the Closing Date, both before and after giving effect to the FR
 Acquisition, no injunction or temporary restraining order which would
 prohibit or seek to unwind the FR Acquisition or any component thereof, or
 would prohibit the making of the Loans, or other litigation which could be
 reasonably expected to have a Material Adverse Effect, shall be pending or,
 to the knowledge of the Borrower, threatened;

	
 

	
 

	
 

	
          (q)
 all legal, tax and regulatory matters relating to the Borrower, the
 Guarantors, the Target and its Subsidiaries and the transactions contemplated
 by the Loan Documents shall be reasonably satisfactory to the Administrative
 Agent and the Lenders;

	
 

	
 

	
 

	
          (r)
 the Administrative Agent shall have received pay-off and lien release letters
 from secured creditors of the Target and its Subsidiaries holding secured
 Indebtedness for Borrowed Money not permitted hereby, setting forth, among
 other things, the total amount of indebtedness outstanding and owing to them
 and containing an undertaking to cause to be delivered to the Administrative
 Agent (or authorizing the Administrative Agent to file) UCC termination
 statements and any other lien release instruments necessary to release their
 Liens on the assets of the Target and its Subsidiaries), which pay-off and
 lien release letters shall be in form and substance reasonably acceptable to
 the Administrative Agent;

	
 

	
 

	
 

	
          (s)
 the Administrative Agent shall have received the fully executed Intercreditor
 Agreement;

	
 

	
 

	
 

	
          (t)
 the Administrative Agent shall have received (i) for the Target and its
 Subsidiaries historical financial audits for each of the Target’s three most
 recently completed fiscal years, including an unqualified opinion of UHY LLP,
 independent public accountants, and unaudited quarterly financial statements
 for each fiscal quarter 

-22-

	
 

	
 

	
 

	
ended during
 such three fiscal years and (ii) a pro forma balance sheet of the Borrower
 and its Subsidiaries dated as of the Closing Date after giving effect to the
 FR Acquisition and the initial Credit Utilization;

	
 

	
 

	
 

	
          (u)
 the Administrative Agent shall have received a Compliance Certificate
 confirming that (i) pro forma EBITDA for the twelve month period ended
 June 30, 2007 is at least $200,000,000, and (ii) the Leverage Ratio for
 the most recent twelve (12) calendar month period ended prior to the Closing
 Date is less than 1.25 to 1.0, respectively, each calculated as if the
 indebtedness incurred on the Closing Date were incurred on the first day of
 such 12-month period and on a pro forma basis giving effect to the FR
 Acquisition;

	
 

	
 

	
 

	
          (v)
 Since December 31, 2006, (i) no Material Adverse Effect shall have occurred
 and (ii) no Company Material Adverse Effect (as defined in the Stock Purchase
 Agreement) shall have occurred;

	
 

	
 

	
 

	
          (w)
 the Administrative Agent shall have received a certificate of an authorized
 officer of the Borrower to the effect that, after giving effect to the FR
 Acquisition and the initial Credit Utilization hereunder, the Borrower is
 solvent, able to pay its debts as they become due, and has sufficient capital
 to carry on its business and all businesses in which it is about to engage;

	
 

	
 

	
 

	
          (x)
 each of the representations and warranties set forth herein and in the other
 Loan Documents shall be and remain true and correct as of said time, except
 to the extent the same expressly relate to an earlier date (in which case
 such representation and/or warranty shall be true and correct as of such
 earlier date);

	
 

	
 

	
 

	
          (y)
 the Borrower and the Guarantors shall be in compliance with all of the terms
 and conditions hereof and of the other Loan Documents, and no Default or
 Event of Default shall have occurred and be continuing or would occur as a
 result of such Credit Utilization;

	
 

	
 

	
 

	
          (z)
 such Credit Utilization shall not violate any order, judgment or decree of
 any court or other authority or any provision of law or regulation applicable
 to the Administrative Agent or any Lender (including, without limitation,
 Regulation U of the Board of Governors of the Federal Reserve System) as
 then in effect (the Lenders acknowledging that as of the date hereof they
 know of none of such other than the restrictions of Regulation U);

	
 

	
 

	
 

	
          (aa)
 the Administrative Agent shall have received a duly executed Notice of
 Borrowing in the form attached hereto as Exhibit E together with disbursement
 instructions; and

	
 

	
 

	
 

	
          (bb)
 the Administrative Agent shall have received for the account of the Lenders
 such other agreements, instruments, documents, certificates, and opinions as
 the Administrative Agent may reasonably request.

-23-

	
 

	
 

	
SECTION 7.

	
COVENANTS.

          The
Borrower agrees that, so long as any credit is available to or in use by or any
amount is owing by the Borrower hereunder, except to the extent compliance in
any case or cases is waived in writing by the Required Lenders:

          Section 7.1.
Maintenance of Business. The Borrower
will, and will cause each Restricted Subsidiary to, preserve and keep in force
and effect its corporate existence and all leases, licenses and permits
necessary to the proper conduct of its and their respective businesses except
with respect to any Restricted Subsidiary to the extent that the failure to do
so could not reasonably be expected to result in a Material Adverse Effect,
provided that the foregoing shall not preclude the termination or
discontinuance of any of such in connection with a sale or other disposition of
substantially all of the assets of the Restricted Subsidiary in question or the
merger or dissolution of same in each instance to the extent permitted by
Section 7.14 hereof.

          Section 7.2.
Maintenance of Property. The Borrower will
maintain, preserve and keep its material plant, Properties and equipment used
in the conduct of its businesses in good repair, working order and condition
(ordinary wear and tear excepted), will from time to time make all needful and
proper repairs, renewals, replacements, additions and betterments thereto so
that at all times the overall efficiency thereof shall be preserved and
maintained in all material respects, and will cause each Restricted Subsidiary
so to do in respect of its material plant, Properties and equipment.

          Section 7.3.
Taxes and Assessments.
The Borrower will duly pay and discharge, and will cause each Restricted
Subsidiary to duly pay and discharge, all taxes, rates, assessments, fees and
governmental charges upon or against the Borrower or any Restricted Subsidiary
or against their respective Properties, in each case before the same become
delinquent and before penalties accrue thereon, unless and to the extent that
the same are being contested in good faith and by appropriate proceedings which
prevent enforcement of the matter under contest and adequate reserves are
provided therefor.

          Section 7.4.
Insurance. The Borrower will
insure and keep insured, and will cause each Restricted Subsidiary to insure
and keep insured, with insurance companies reasonably believed by them to be
good and responsible, all insurable Property owned by them which is of a
character usually insured by Persons similarly situated and operating like
Properties against loss or damage from such hazards and risks, and in such
amounts, as are insured by Persons similarly situated and operating like
Properties, and the Borrower will insure, and cause each Restricted Subsidiary
to insure, such other hazards and risks (including employers’ and public
liability risks) with insurance companies reasonably believed by them to be
good and responsible as and to the extent usually insured by Persons similarly
situated and conducting similar businesses, it being agreed that the foregoing
shall not preclude the Borrower and the Restricted Subsidiaries from directly
or indirectly self insuring risks as and to the extent prudent and customary
for companies similarly situated. The Borrower shall in any event maintain
insurance on the Collateral to the extent required by the Collateral Documents.
The Borrower will upon request of the Administrative Agent furnish a
certificate setting forth in summary form the nature and extent of the
insurance maintained pursuant to this Section 7.4.

-24-

          Section 7.5. Financial Reports and Rights of
Inspection.
The Borrower shall, and shall cause each Restricted Subsidiary to, maintain a
system of accounting in accordance with GAAP and shall furnish to the
Administrative Agent, each Lender and each of their duly authorized
representatives such information respecting the business and financial
condition of the Borrower and its Restricted Subsidiaries as the Administrative
Agent or such Lender may reasonably request; and without any request, shall furnish
to the Lenders:

	
 

	
 

	
 

	
          (a)
 as soon as available, and in any event within forty-five (45) days after the
 close of each quarterly accounting period of the Borrower a copy of the
 condensed consolidated and consolidating balance sheet of the Borrower and
 its subsidiaries as of the last day of such period and the condensed
 consolidated (and consolidating in the case of the statement of operations
 only) statements of operations for such period and for the fiscal year to
 date and statements of cash flows and shareholder’s equity of the Borrower
 and its subsidiaries for the fiscal year to date, each in reasonable detail
 and showing in comparative form the figures for the corresponding date and
 period in the previous fiscal year, in the case of the condensed consolidated
 financial statements only, prepared by the Borrower in accordance with GAAP
 (subject to year end audit adjustments which are not expected to be material
 and to the absence of footnotes); provided, however, that
 (i) consolidated financial statements need not be submitted for the last
 quarterly accounting period in each fiscal year and (ii) the consolidating
 balance sheet and consolidating statement of operations called for by this
 Section 7.5(a) for the last quarterly accounting period in each fiscal year
 may be submitted concurrently with the submittal of the audited financial
 statements for such fiscal year called for by Section 7.5(b) hereof;

	
 

	
 

	
 

	
          (b)
 as soon as available, and in any event within ninety (90) days after the
 close of each annual accounting period of the Borrower, a copy of the
 consolidated balance sheet of the Borrower and its subsidiaries as of the
 last day of the period then ended and the consolidated statements of
 operations, cash flows and shareholder’s equity of the Borrower and its
 subsidiaries for the period then ended, and accompanying notes thereto, each
 in reasonable detail showing in comparative form the figures for the previous
 fiscal year, accompanied by an unqualified opinion, in accordance with generally
 accepted auditing standards, of Ernst & Young LLP or another independent
 registered public accounting firm of national standing, selected by the
 Borrower and reasonably satisfactory to the Required Lenders; 

	
 

	
 

	
 

	
          (c)
 within the period provided in subsection (b) above, the written
 statement of the accountants who certified the audit report thereby required
 that in the course of their audit they have obtained no knowledge of any
 Default or Event of Default, or, if such accountants have obtained knowledge
 of any such Default or Event of Default, they shall disclose in such
 statement the nature and period of existence thereof;

	
 

	
 

	
 

	
          (d)
 as soon as available, and in any event within forty-five (45) days after the
 close of each quarterly accounting period of the Borrower, an accounts
 receivable and accounts payable aging, together with a backlog or
 work-in-progress report and claims

-25-

	
 

	
 

	
 

	
report
 (detailing individual claims for which the amount recorded on books of the
 Borrower is in excess of $5,000,000), each in reasonable detail prepared by
 the Borrower;

	
 

	
 

	
 

	
          (e)
 promptly after receipt of final copies thereof, any additional written
 reports, management letters or other detailed information contained in
 writing concerning significant aspects of the Borrower’s or any Restricted
 Subsidiary’s operations and financial affairs given to it by its independent
 public accountants; 

	
 

	
 

	
 

	
          (f)
 as soon as available, and in any event within ninety (90) days following
 the end of each fiscal year of the Borrower, a copy of the Borrower’s
 consolidated and consolidating operating budget for the following fiscal
 year, such operating budget to show the Borrower’s projected consolidated and
 consolidating revenues, expenses and net income and to be in reasonable
 detail prepared by the Borrower and in form reasonably satisfactory to the
 Administrative Agent; and 

	
 

	
 

	
 

	
          (g)
 promptly after knowledge thereof shall have come to the attention of the
 chief executive or chief financial officer of the Borrower, written notice of
 (i) any pending litigation or governmental proceeding or labor
 controversy against the Borrower or any Restricted Subsidiary which could
 reasonably be expected to have a Material Adverse Effect or (ii) any
 threatened litigation, governmental proceeding or labor controversy against
 the Borrower or any Restricted Subsidiary which the Borrower or such
 Restricted Subsidiary in good faith believes could reasonably be expected to
 have a Material Adverse Effect or (iii) the occurrence of any Default or
 Event of Default hereunder.

Each of the
financial statements furnished to the Lenders pursuant to subsections (a)
and (b) of this Section 7.5 shall be accompanied by a written certificate in
the form attached hereto as Exhibit C signed by an Authorized
Representative of the Borrower to the effect that to the best of such officer’s
knowledge and belief no Default or Event of Default has occurred during the
period covered by such statements or, if any such Default or Event of Default
has occurred during such period, setting forth a description of such Default or
Event of Default and specifying the action, if any, taken by the Borrower to
remedy the same. Such certificate submitted as of the last day of a calendar
quarter shall also set forth the calculations supporting such statements in
respect of Sections 7.6, 7.7, 7.8 and 7.13 of this Agreement as well as
the calculation of the Applicable Margins.

          The
Borrower will, and will cause each Restricted Subsidiary to, permit the
Administrative Agent, the Lenders and their duly authorized representatives to
visit and inspect any of the Properties of the Borrower and Restricted
Subsidiaries, to examine all of their books of account, records, reports and
other papers, to make copies and extracts therefrom, and to discuss their
respective affairs, finances and accounts with their respective officers,
employees and independent public accountants (and by this provision the
Borrower authorizes such accountants to discuss with the Lenders (and such
Persons as any Lender may designate, subject to reasonable arrangements for
confidentiality) the finances and affairs of the Borrower and the Restricted
Subsidiaries) all upon reasonable notice at such reasonable times and as often
as may be reasonably requested.

-26-

          Section 7.6. Minimum Net Worth. The
Borrower will at all times maintain Net Worth of not less than the Minimum
Required Amount. For purposes of this Section 7.6, the term “Minimum
Required Amount” shall mean, as of any time, the sum of
(i) $400,000,000 plus (ii) 50% of Net Income for each fiscal quarter
of the Borrower (if Net Income for such fiscal quarter is positive) ending on
or after December 31, 2005.

          Section 7.7. Leverage Ratio. The
Borrower will as of the last day of each calendar quarter maintain the Leverage
Ratio of not more than 3.25 to 1.

          Section 7.8. Interest Coverage Ratio.
The Borrower will as of the last day of each calendar quarter maintain the
Interest Coverage Ratio of not less than 2.5 to 1.

          Section 7.9. Reserved.

          Section 7.10. Indebtedness for Borrowed
Money. The
Borrower shall not, nor shall they permit any of the Restricted Subsidiaries
to, issue, incur, assume, create or have outstanding any Indebtedness for
Borrowed Money; provided, however, that the foregoing shall not restrict nor
operate to prevent:

	
 

	
 

	
 

	
          (a)
 the Obligations and Hedging Liability;

	
 

	
 

	
 

	
          (b)
 indebtedness, obligations and liabilities of the Borrower and its
 Subsidiaries under the Revolving Credit Agreement;

	
 

	
 

	
 

	
          (c)
 the obligations listed and described on Schedule 7.10 attached hereto
 and guarantees specifically permitted by Section 7.12 hereof; 

	
 

	
 

	
 

	
          (d)
 (i) indebtedness of the Canadian Subsidiaries arising under the Canadian
 Facility and guaranties thereof by the Borrower and other Restricted
 Subsidiaries and (ii) unless and until the initial credit utilization under
 the Canadian Facility, indebtedness of the Canadian Subsidiaries aggregating
 not more than $10,000,000 at any one time outstanding and guarantees of up to
 $5,000,000 thereof by the Borrower and Restricted Subsidiaries;

	
 

	
 

	
 

	
          (e)
 Indebtedness of the Borrower to Restricted Subsidiaries, of Restricted
 Subsidiaries to the Borrower and of Restricted Subsidiaries to Restricted
 Subsidiaries provided that (i) the aggregate amount of such
 indebtedness of EMCOR U.K. Limited and its Restricted Subsidiaries shall be
 limited to $50,000,000 at any one time outstanding, (ii) the aggregate
 amount of such indebtedness of the Canadian Subsidiaries and its Restricted
 Subsidiaries shall be limited to $50,000,000 at any one time outstanding and
 (iii) the aggregate amount of such indebtedness of Restricted Subsidiaries
 which Indebtedness for Borrowed Money is permitted solely by
 Section 7.10(k) hereof shall not exceed $20,000,000 at any one time
 outstanding; 

	
 

	
 

	
 

	
          (f)
 obligations consisting of deferred payment obligations of the Borrower and
 any of the Restricted Subsidiaries for insurance premiums or incurred by
 Borrower or 

-27-

	
 

	
 

	
 

	
any of its
 Restricted Subsidiaries in respect of funds borrowed for the payment of such
 premiums in either case in the ordinary course of business and consistent
 with past practices;

	
 

	
 

	
 

	
          (g)
 guarantees of Indebtedness for Borrowed Money of, or Performance Guarantees
 given by, Foreign Subsidiaries and Nesma EMCOR Company Ltd. and guarantees of
 or incurrence of liability for letters of credit supporting Indebtedness for
 Borrowed Money of Persons in which the Borrower and the Restricted
 Subsidiaries are permitted to invest pursuant to subsections (n) and (o) of Section 7.12;
 provided that the aggregate amount of Indebtedness for Borrowed Money and of
 Performance Guarantees so permitted to be incurred, guaranteed or supported
 pursuant to the provisions of this subsection (g) shall not exceed
 $25,000,000 at any one time outstanding less the amount invested pursuant to
 Section 7.12(q) hereof;

	
 

	
 

	
 

	
          (h)
 Indebtedness for Borrowed Money in addition to that otherwise permitted
 hereunder; provided that at the time of incurrence of such
 indebtedness and after giving effect thereto the aggregate principal amount
 of Indebtedness for Borrowed Money of the Borrower and its Restricted
 Subsidiaries incurred during the twelve-month period ended on the date of the
 incurrence in question and permitted solely by this Section 7.10(h) does
 not exceed 2.0% of the arithmetic average of the unrealized revenue from
 contracts in progress of the Borrower and its Restricted Subsidiaries
 (computed in accord with the past practice of the Borrower) as of the last
 day of each of the four calendar quarters most recently ended prior to the
 date of the computation in question;

	
 

	
 

	
 

	
          (i)
 liabilities in respect of letters of credit not otherwise permitted by this
 Section 7.10 if payment of such letters of credit is fully supported by
 a letter of credit; 

	
 

	
 

	
 

	
          (j)
 indebtedness under Interest Rate Protection and Other Hedging Agreements
 entered into to hedge a risk of the Borrower and/or its Restricted
 Subsidiaries and not for speculation; 

	
 

	
 

	
 

	
          (k)
 indebtedness of any Person (including the Target) existing at the time such
 Person becomes a Restricted Subsidiary or assumed in connection with the
 acquisition of assets of such Person and not incurred in contemplation of
 such Person being acquired or becoming a Restricted Subsidiary or such assets
 being acquired provided the aggregate amount of such indebtedness permitted
 pursuant to this Section 7.10(k) shall not exceed $20,000,000 at any one time
 outstanding; 

	
 

	
 

	
 

	
          (l)
 any renewals, extensions or replacements of Indebtedness for Borrowed Money
 permitted under this Section 7.10 in an aggregate amount not in excess
 of the Indebtedness for Borrowed Money being renewed, extended or replaced;

	
 

	
 

	
 

	
          (m)
 Indebtedness for Borrowed Money of District Chilled General Partnership,
 provided that the aggregate principal amount of such indebtedness permitted
 under this Section 7.10(m) shall not exceed $75,000,000 at any one time
 outstanding; and

-28-

	
 

	
 

	
 

	
          (n)
 obligations arising out of agreements with respect to the issuance of credit
 cards or debit cards to employees of the Borrower or any Restricted
 Subsidiary for use in connection with the business and affairs of such
 entities.

	
 

	
 

	
 

	
          (o)
 obligations arising out of agreements with respect to the execution or
 processing of electronic transfer of funds by automatic clearing house
 transfer, wire transfer, or otherwise to or from any deposit account of the
 Borrower or any Restricted Subsidiary, the acceptance for deposit or the
 honoring for payment of any check, draft, or other item with respect to any
 such deposit accounts, and other deposit disbursement, and cash management
 services afforded to the Borrower and/or any Restricted Subsidiary.

	
 

	
 

	
 

	
          (p)
 subordinated indebtedness of the Borrower incurred as a result of the
 issuance of convertible preferred notes in an aggregate principal amount not
 to exceed $300,000,000; provided that (i) the Borrower complies
 with the prepayment provisions of Section 3.3(c) hereof and (ii) such
 indebtedness is subordinated to the Obligations and Hedging Liability
 pursuant to a subordination agreement in form and substance reasonably
 satisfactory to the Required Lenders.

	
 

	
 

	
          Section 7.11.
 Liens.
 The Borrower shall not, nor shall they permit the Restricted Subsidiaries to,
 create, incur or permit to exist any Lien of any kind on any Property owned
 by the Borrower or any Restricted Subsidiary; provided, however, that
 the foregoing shall not apply to nor operate to prevent:

	
 

	
 

	
 

	
          (a)
 Liens arising by statute in connection with worker’s compensation,
 unemployment insurance, old age benefits, social security obligations, taxes,
 assessments, statutory obligations or other similar charges, good faith cash
 deposits in connection with the foregoing or in connection with tenders,
 contracts or leases to which the Borrower or any of its Restricted
 Subsidiaries are a party or other cash deposits required to be made in the
 ordinary course of business, provided in each case that the obligation is not
 for borrowed money and that the obligation secured is not overdue or, if
 overdue, is being contested in good faith by appropriate proceedings which
 prevent enforcement of the matter under contest and adequate reserves have
 been established therefor;

	
 

	
 

	
 

	
          (b)
 mechanics’, workmen’s, materialmen’s, landlords’, carriers’, or other similar
 Liens arising in the ordinary course of business with respect to obligations
 which are not due or which are being contested in good faith by appropriate
 proceedings which prevent enforcement of the matter under contest;

	
 

	
 

	
 

	
          (c)
 the pledge of assets for the purpose of securing an appeal, stay or discharge
 in the course of any legal proceeding, provided that the aggregate amount of
 liabilities of the Borrower and its Restricted Subsidiaries secured by a
 pledge of assets permitted under this subsection, including interest and
 penalties thereon, if any, shall not be in excess of $15,000,000 at any one
 time outstanding; 

	
 

	
 

	
 

	
          (d)
 the Liens granted in favor of the Collateral Agent for the benefit of the
 Lenders pursuant to the Collateral Documents;

-29-

	
 

	
 

	
 

	
          (e)
 Liens on Property of the Borrower or of any Restricted Subsidiaries created
 solely for the purpose of securing indebtedness permitted by
 Section 7.10(h) hereof representing or incurred to finance, refinance or
 refund the purchase price of such Property or representing the interest of
 the lessor under a Capital Lease, provided that no such Lien shall extend to
 or cover other Property of the Borrower or any Restricted Subsidiary other
 than the respective Property so acquired, and the principal amount of
 indebtedness secured by any such Lien shall at no time exceed the original
 purchase price of such Property;

	
 

	
 

	
 

	
          (f)
 Liens on the stock and assets of the Canadian Subsidiaries securing the
 indebtedness permitted by Section 7.10(e) hereof and liens on assets of
 the Borrower and other Restricted Subsidiaries securing the Canadian
 Facility;

	
 

	
 

	
 

	
          (g)
 Liens in favor of bonding companies and their affiliates to the extent
 described in clause (i) of the second proviso of Section 4.1 hereof;

	
 

	
 

	
 

	
          (h)
 rights of subrogation and similar rights of issuers of surety bonds and
 unperfected lien rights of such issuers to assets associated with projects
 which they have bonded;

	
 

	
 

	
 

	
          (i)
 restrictions on the disbursement or withdrawal of funds deposited by
 Restricted Subsidiaries in bank accounts maintained by them in the ordinary
 course of business consistent with past practice which are maintained in
 connection with specific construction projects or contracts from which
 payments and disbursements with respect to such contracts or projects are to
 be made;

	
 

	
 

	
 

	
          (j)
 Liens on insurance policies arising in connection with the deferred payment
 of premiums or the financing thereof in the ordinary course of business;

	
 

	
 

	
 

	
          (k)
 Liens consisting of cash collateral deposits made in connection with the
 insurance programs of the Borrower and its Restricted Subsidiaries and liens
 on up to £135,000 of cash collateral securing reimbursement obligations owing
 to Barclays Bank in connection with demand performance bonds which it has
 issued and rights of a depository bank to offset balances in any account maintained
 with it by a Subsidiary incorporated under the laws of United Kingdom against
 debit balances in any other account maintained with it by such Subsidiary or
 any other U.K. Subsidiary (it being acknowledged by the Lenders that such
 rights of offset shall be superior to any rights they may have in and to such
 accounts or the balances as are from time to time standing on deposit
 therein);

	
 

	
 

	
 

	
          (l)
 Liens existing on any property of a corporation at the time such corporation
 becomes a Restricted Subsidiary which Liens were not created, incurred or
 assumed in contemplation thereof, provided that no such Liens shall extend to
 or cover any other property of the Borrower or any Restricted Subsidiary;

	
 

	
 

	
 

	
          (m)
 the Liens listed and described on Schedule 7.11 attached hereto; 

-30-

	
 

	
 

	
 

	
          (n)
 any extension, renewal or replacement (or successive extensions, renewals or
 replacements) of Liens permitted by this Section 7.11 without any
 increase in the amount of indebtedness secured thereby or in the assets
 subject to such Liens;

	
 

	
 

	
 

	
          (o)
 pari
 passu Liens on the Collateral created solely for the purpose of
 securing indebtedness permitted by Section 7.10(b) hereof; and

	
 

	
 

	
 

	
          (p)
 liens on deposits provided in connection with long-term maintenance contracts
 of facilities of the Borrower and its Restricted Subsidiaries located in the
 United Kingdom relating to United Kingdom private finance initiatives.

	
 

	
 

	
          Section 7.12.
 Investments, Acquisitions, Loans, Advances and Guarantees. The Borrower
 shall not, nor shall it permit any of the Restricted Subsidiaries to,
 directly or indirectly, make, retain or have outstanding any investments
 (whether through purchase of stock or obligations or otherwise) in, or loans
 or advances (other than for relocation and travel advances and other loans
 made to employees in the ordinary course of business) to, any other Person,
 or acquire all or any substantial part of the assets or business of any other
 Person or division thereof, or be or become liable as endorser, guarantor,
 surety or otherwise for any debt, obligation or undertaking of any other
 Person (other than of the Borrower or any Restricted Subsidiary), or
 otherwise agree to provide funds for payment of the obligations of another,
 or supply funds thereto or invest therein or otherwise assure a creditor of
 another against loss, or apply for or become liable to the issuer of a letter
 of credit which supports an obligation of another, or subordinate any claim
 or demand it may have to the claim or demand of any other Person; provided,
 however, that the foregoing shall not apply to nor operate to
 prevent:

	
 

	
 

	
 

	
          (a)
 investments in direct obligations of the United States of America or of any
 agency or instrumentality thereof whose obligations constitute full faith and
 credit obligations of the United States of America, provided that any such
 obligations shall mature within one year of the date of issuance thereof;

	
 

	
 

	
 

	
          (b)
 investments in commercial paper maturing within 270 days of the date of
 issuance thereof which has been accorded one of the two highest ratings
 available from the Standard & Poor’s Ratings Group of McGraw Hill
 Companies, Moody’s Investors Service, Inc. or any other nationally recognized
 credit rating agency of similar standing providing similar ratings;

	
 

	
 

	
 

	
          (c)
 investments in money market funds which in turn invest primarily in
 investments of the types described in clauses (a), b and (d) of this Section
 7.12; 

	
 

	
 

	
 

	
          (d)
 investments in certificates of deposit issued by any commercial bank
 organized under the laws of Canada or the United States or (as to investments
 of EMCOR U.K. Limited and its Subsidiaries) the United Kingdom in each case
 having capital, surplus and undivided profits of not less than $500,000,000
 or by any Lender in each case maturing within one year from the date of
 issuance thereof or in Eurodollar time deposits maturing not more than one year
 from the date of acquisition thereof placed with any Lender or other such
 commercial bank (to the extent investments in certificates of deposit

-31-

	
 

	
 

	
 

	
issued by
 such other bank are permitted by this subsection) or in banker’s acceptances
 endorsed by any Lender or other such commercial bank (to the extent
 investments in certificates of deposit issued by such other bank are
 permitted by this subsection) and maturing within nine months of the date of
 acceptance;

	
 

	
 

	
 

	
          (e)
 endorsement of items for deposit or collection of commercial paper received
 in the ordinary course of business; 

	
 

	
 

	
 

	
          (f)
 the investments, loans, advances and guarantees listed and described on
 Schedule 7.12 attached hereto;

	
 

	
 

	
 

	
          (g)
 the Guarantees and guarantees referred to in and permitted by
 Section 7.10 hereof;

	
 

	
 

	
 

	
          (h)
 (i) an amount equal to all investments of the Borrower and Restricted
 Subsidiaries as of the date hereof in, and present loans and advances by the
 Borrower and Restricted Subsidiaries to, Unrestricted Subsidiaries and
 (ii) future investments in, and loans and advances, (including
 subordinated loans) to, Unrestricted Subsidiaries for asset preservation and
 to preserve existing operations aggregating not more than $1,500,000 at any
 one time outstanding;

	
 

	
 

	
 

	
          (i)
 Loans and advances (including subordinated loans and advances) between the
 Borrower and its Restricted Subsidiaries if and to the extent that the
 corresponding indebtedness is permitted by Section 7.10 hereof; provided,
 however, that the aggregate principal amount of loans and advances
 by the Borrower and its Restricted Subsidiaries to Restricted Subsidiaries
 which are not Guarantors, Canadian Subsidiaries or UK Subsidiaries shall not
 exceed $25,000,000 in the aggregate at any one time outstanding; 

	
 

	
 

	
 

	
          (j)
 Permitted Acquisitions and investments in Strategic Ventures organized within
 and conducting more than fifty percent of their business in the United States
 of America (“Domestic Strategic Ventures”), so long as (i) no
 Default or Event of Default exists or would exist after giving effect to the
 Permitted Acquisition or investment in question, (ii) the total amount
 expended by the Borrower and its Restricted Subsidiaries for any such
 Permitted Acquisition or investment does not exceed $100,000,000 unless the
 Required Lenders otherwise agree in writing, (iii) the aggregate amount
 of all investments by the Borrower and its Restricted Subsidiaries in
 Domestic Strategic Ventures which do not constitute Restricted Subsidiaries
 that are also Guarantors, Canadian Subsidiaries or UK Subsidiaries shall not
 exceed $100,000,000 made during the term of this Agreement unless the
 Required Lenders otherwise agree in writing, and (iv) the total amount
 expended by the Borrower and its Restricted Subsidiaries on account of all
 such Permitted Acquisitions and investments shall not exceed $500,000,000
 during the term of this Agreement unless the Required Lenders otherwise agree
 in writing (provided, that this limitation shall not apply to any single
 acquisition unrelated to any other acquisition or series of acquisitions, the
 total amount expended for which does not exceed $50,000,000); provided that
 (i) the portion of the consideration for any acquisition which is
 payable in capital stock of the Borrower shall be excluded from

-32-

	
 

	
 

	
 

	
the
 foregoing calculations, (ii) indebtedness of the Persons acquired which
 indebtedness exists at the time of acquisition shall not be treated as an
 amount expended by the Borrower or a Restricted Subsidiary in connection with
 the acquisition unless such indebtedness was incurred in contemplation of the
 acquisition and (iii) payments made by the Borrower or a Restricted
 Subsidiary on account of an acquisition paid subsequent to the consummation
 of the acquisition in question and where the payment in question is
 contingent upon the earnings, profits, net cash flow or other measure of
 profitability or success of the Person acquired shall be treated as amounts
 expended by the Borrower or a Restricted Subsidiary on account of such
 acquisition only when paid or when the amount to be paid has become fixed and
 determined, whichever first occurs, and such amounts shall count against the
 limitations on the amount which the Borrower and its Restricted Subsidiaries
 may subsequently expend on account of acquisitions and investments in
 Domestic Strategic Ventures for purposes of this Section 7.12(j) but shall
 not otherwise be deemed to constitute a breach of this Section 7.12(j) in the
 event that such amounts, together with amounts theretofore expended on
 account of acquisitions and investments, would exceed the dollar limits set
 forth herein; provided further that nothing in this Section 7.12(j)
 shall supersede the restrictions of 7.12(i) or 7.12(p) hereof with respect to
 loans and advances to and investments in Restricted Subsidiaries which are
 not Guarantors, Canadian Subsidiaries or UK Subsidiaries (the parties hereto
 hereby confirm and agree that the foregoing provisions of this Section
 7.12(j) shall not apply to the FR Acquisition which is permitted hereby);

	
 

	
 

	
 

	
          (k)
 acquisitions of assets (including stock, notes and other evidences of
 indebtedness) and subordinations of claims as a part of good faith collection
 efforts on doubtful accounts;

	
 

	
 

	
 

	
          (l)
 Performance Guarantees;

	
 

	
 

	
 

	
          (m)
 notes and other deferred payment obligations (other than general partnership
 and similar interests) acquired by the Borrower or any Restricted Subsidiary
 in connection with the sale or other disposition of assets permitted hereby;

	
 

	
 

	
 

	
          (n)
 investments of the Borrower or any Restricted Subsidiary made in the ordinary
 course of business in connection with joint ventures, Persons or other
 similar pooling of efforts in respect to a specific project or series of
 related specific projects for a limited or fixed duration and formed to
 conduct business of the type in which the Borrower or such Restricted
 Subsidiary is presently engaged and guarantees of obligations of, and
 incurrence of liabilities in respect of letters of credit for, such joint
 ventures or Persons;

	
 

	
 

	
 

	
          (o)
 investments or acquisitions of interests in Strategic Ventures organized
 outside of the United States of America and conducting more than 50% of their
 business outside of the United States (“Foreign Strategic Ventures”), provided
 that the aggregate amount so invested or expended subsequent to the date
 hereof in connection with any given Foreign Strategic Venture shall not
 exceed $20,000,000 unless the Required Lenders otherwise agree in writing;

-33-

	
 

	
 

	
 

	
          (p)
 the present investment of the Borrower and Restricted Subsidiaries in
 Restricted Subsidiaries, the present and future investment of Restricted
 Subsidiaries in the Borrower and future investments by the Borrower and
 Restricted Subsidiaries in Restricted Subsidiaries or in a Restricted
 Subsidiary formed as a captive insurer or surety company; provided,
 however, that the aggregate amount of investments by the Borrower
 and its Restricted Subsidiaries in Restricted Subsidiaries which are not
 Guarantors, Canadian Subsidiaries or UK Subsidiaries shall not exceed
 $25,000,000 at any one time outstanding;

	
 

	
 

	
 

	
          (q)
 investments in Foreign Subsidiaries, provided that the aggregate amount so
 invested or expended subsequent to the date hereof shall not exceed
 $25,000,000 at any one time outstanding less the amount of Indebtedness for
 Borrowed Money guaranteed pursuant to Section 7.10(g) hereof;

	
 

	
 

	
 

	
          (r)
 guarantees by any Person outstanding at the time such Person becomes a
 Restricted Subsidiary or in connection with the acquisition of assets of such
 Person and outstanding at the time such Person becomes a Restricted
 Subsidiary and not in either case incurred in contemplation of such Person
 being acquired or becoming a Restricted Subsidiary or such assets being
 acquired; provided
 that the aggregate amount of indebtedness guaranteed by such Person pursuant
 to guarantees permitted solely by this Section 7.12(r) when aggregated
 with the amount of indebtedness permitted solely by Section 7.10(k)
 hereof shall not exceed $20,000,000 at any one time outstanding;

	
 

	
 

	
 

	
          (s)
 contingent obligations arising from the issuance of performance guarantees,
 assurances, indemnities, bonds, letters of credit, or similar agreements in
 the ordinary course of business in respect of the contracts (other than
 contracts for Indebtedness for Borrowed Money) of Nesma EMCOR Company Ltd.
 for the benefit of surety companies or for the benefit of others to induce
 such others to forgo the issuance of a surety bond in their favor;

	
 

	
 

	
 

	
          (t)
 Third Party Performance Guarantees existing on the date of the Monumental
 Acquisition;

	
 

	
 

	
 

	
          (u)
 Guarantees by the Borrower and/or its Restricted Subsidiaries of the
 Indebtedness for Borrowed Money permitted by Section 7.10(m) hereof in an
 aggregate principal amount not in excess of $75,000,000 at any one time
 outstanding; provided, however, that to the extent the Borrower and/or
 any Restricted Subsidiary is solely liable (rather than jointly and severally
 liable together with the other partners (and/or their respective Affiliates)
 in District) as guarantor of any of such Indebtedness for Borrowed Money, the
 amount of such Indebtedness for Borrowed Money for which the Borrower and/or
 such Restricted Subsidiary is solely liable shall not in any event exceed two
 thirds of that portion of Indebtedness for Borrowed Money of District which
 is solely guaranteed by the other partners (and/or their respective
 Affiliates) in District;

-34-

	
 

	
 

	
 

	
          (v)
 loans and advances made by the Borrower or any Restricted Subsidiary to
 vendors, suppliers and contractors in the ordinary course of its business in
 an aggregate amount not in excess of $5,000,000 at any one time outstanding;

	
 

	
 

	
 

	
          (w)
 lease, utility and other similar deposits arising in the ordinary course of
 the Borrower’s or any Restricted Subsidiary’s business;

	
 

	
 

	
 

	
          (x)
 investments not otherwise permitted by this Section 7.12 in an aggregate
 amount not in excess of $25,000,000 at any one time outstanding; and

	
 

	
 

	
 

	
          (y)
 additional investments in District in an amount not in excess of $4,000,000.

	
 

	
 

	
In
 determining the amount of investments, acquisitions, loans, advances and
 guarantees permitted under this Section 7.12, investments and acquisitions
 shall always be taken at the original cost thereof (regardless of any
 subsequent appreciation or depreciation therein), loans and advances shall be
 taken at the principal amount thereof then remaining unpaid, and guarantees
 shall be taken at the amount of obligations guaranteed thereby.

	
 

	
 

	
          Section 7.13.
 Capital and Certain other Restricted Expenditures. The Borrower
 will not, nor will it permit any Restricted Subsidiary to, make, or (without
 duplication) become obligated to make, any Capital Expenditure (other than
 Capital Expenditures which constitute Permitted Acquisitions and investments
 permitted by Section 7.12(j), (n) or (o) hereof) or apply for a letter
 of credit (whether hereunder or otherwise) supporting an obligation of any
 Strategic Venture described in Section 7.12(o) or guarantee any
 Indebtedness for Borrowed Money of any such Strategic Venture, if after
 giving effect thereto the aggregate amount expended (other than in the form
 of capital stock of the Borrower) for such purposes during the twelve-month
 period ending on the date of the expenditure in question when taken together
 with the face amount of such letters of credit issued during such period and
 such indebtedness so guaranteed incurred during such period, would exceed the
 sum of (i) 2.00% of the arithmetic average of the unrealized revenue
 from contracts in progress of the Borrower and its Restricted Subsidiaries (computed
 in accord with the past practice of the Borrower) as of the last day of each
 of the four calendar quarters most recently completed prior to the
 computation in question, (ii) the net cash proceeds received by the
 Borrower and the Restricted Subsidiaries during the same period from sales of
 assets (including stock of Restricted Subsidiaries permitted by
 Sections 7.14 and/or 7.15 hereof but excluding sales of inventory in the
 ordinary course of business) and (iii) the maximum amount of dividends
 which the Borrower could pay under Section 7.16 as of the date of the
 expenditure or application in question. 

	
 

	
 

	
          Section 7.14.
 Mergers, Consolidations and Sales.
 The Borrower shall not, nor shall it permit any of its Restricted
 Subsidiaries to, be a party to any merger, consolidation or dissolution, or
 sell, transfer, lease or otherwise dispose of all or any substantial part of
 the Property of the Borrower and the Restricted Subsidiaries, taken as a
 whole, including any disposition of Property as part of a sale and leaseback
 transaction (unless such transaction would be permitted had it been
 structured as a purchase money mortgage or Capital Lease and is treated as
 such for purposes of this Agreement), or in any event sell or discount (with
 or without 

-35-

recourse) any
of its notes or accounts receivable (other than sales of accounts receivable by
the Borrower and its Restricted Subsidiaries to any Restricted Subsidiary, sale
and leaseback transactions between the Borrower or any of its Restricted
Subsidiaries and any Restricted Subsidiary and sales or discounts of doubtful
accounts or notes taken in satisfaction of same); provided, however, that this
Section 7.14 shall not apply to nor operate to prevent the Borrower or any
of the Restricted Subsidiaries from selling their inventory in the ordinary
course of its business or from selling equipment which is obsolete, worn out,
or no longer needed for the operation of the business of the Borrower and the
Restricted Subsidiaries or which is promptly replaced with equipment of at
least equal utility nor shall the foregoing prohibit (i) mergers of
Restricted Subsidiaries with and into the Borrower and sales by Restricted
Subsidiaries of all or substantially all of their assets to the Borrower,
(ii) mergers of Restricted Subsidiaries with each other and sales of all
or substantially all of the assets of a Restricted Subsidiary to another
Restricted Subsidiary provided in each case that if either of the two
Restricted Subsidiaries in question is a Guarantor, the survivor of the
transaction in question remains a Guarantor and all such actions are taken as
the Administrative Agent requires to preserve its Liens on the Collateral,
(iii) the dissolution or liquidation of any Restricted Subsidiary whose
activities are no longer, in the opinion of the Chief Executive Officer or the
Board of Directors of the Borrower, necessary for the operation of the business
of the Borrower and its Restricted Subsidiaries taken as a whole, provided
always that no Default or Event of Default has occurred and is continuing or
will result therefrom and if the Restricted Subsidiary to be dissolved or
liquidated is a Guarantor, all of its assets remaining after the dissolution or
liquidation in question are transferred to another Guarantor and all such
actions, if any, are taken as the Administrative Agent may reasonably require
in order to insure that it has a Lien on the assets so transferred of the
priority required by Section 4.1 hereof. The term “substantial” as used herein
shall mean the sale, transfer, lease or other disposition of assets of the
Borrower or the Restricted Subsidiaries, whether in one or a series of
transactions having a value when aggregated with the value of assets of all
other such sales, transfers, leases or other dispositions during the period
from and including the date hereof to and including the date of such sale,
transfer, lease or other disposition, would exceed 10% of the book value of
assets of the Borrower and the Restricted Subsidiaries as of such date. The Administrative
Agent shall release its Lien on any Property sold pursuant to the foregoing
provisions if no Default or Event of Default has occurred and is continuing or
would result therefrom.

          Section 7.15. Maintenance
of Restricted Subsidiaries.
The Borrower shall not assign, sell or transfer, or permit any Restricted
Subsidiary to issue, assign, sell or transfer, any shares of capital stock of a
Restricted Subsidiary (other than to the Borrower or another Restricted
Subsidiary); provided that the foregoing shall not operate to prevent
(i) the issuance, sale and transfer to any person of any shares of capital
stock of a Restricted Subsidiary (a) for the purpose of qualifying, and to
the extent legally necessary to qualify, such person as a director of such
Subsidiary or (b) solely for the purpose of permitting such Subsidiary to
carry on a licensed business or (ii) the sale of all or a minority
interest in the capital stock of a Restricted Subsidiary if but only if
(a) no Default or Event of Default has occurred and is continuing or will
result from the sale of same, (b) the sale of such capital stock is not a
sale of a substantial part of the assets of the Borrower and the Restricted
Subsidiaries taken as a whole (as the term “substantial” is defined in
Section 7.14 hereof), (c) the Chief Executive Officer or the Board of
Directors of the Borrower has determined that the continued ownership of the
Restricted Subsidiary (or the 

-36-

minority interest
therein to be disposed of) in question is no longer appropriate in light of the
then needs and strategic objectives of the Borrower and its Restricted
Subsidiaries taken as a whole and (d) in the case of the sale of all the
Capital Stock of a Restricted Subsidiary all indebtedness of such Restricted
Subsidiary to the Borrower or any other Restricted Subsidiary is paid in full,
and all guarantees or other support undertakings provided by the Borrower or
other Restricted Subsidiaries in respect of such disposed Restricted Subsidiary
are discharged, concurrently with the sale in question, provided that then
existing Performance Guarantees or guaranties in respect of surety bonds with
respect to such a Restricted Subsidiary need not be so discharged as to jobs
which commenced prior to the completion of such sale. Concurrently with the
sale of all of the capital stock of a Restricted Subsidiary permitted hereby,
the Administrative Agent is authorized and directed to release any Guarantee
provided by such Restricted Subsidiary and any Lien on the stock or assets of
such Restricted Subsidiary and such entity shall no longer constitute a
Restricted Subsidiary hereunder. Except as set forth in the Side Letter, the
Borrower shall not permit any Restricted Subsidiary to enter into any contract
or agreement after the date hereof prohibiting or restricting such Restricted
Subsidiary from paying dividends or making loans and advances to the Borrower
except in the case of a Restricted Subsidiary formed or acquired to be a
captive insurer or a captive surety.

          Section 7.16. Dividends
and Certain Other Restricted Payments.
The Borrower will not during any fiscal year (a) declare or pay any dividends
on or make any other distributions in respect of any class or series of its
capital stock (except for dividends payable solely in its capital stock) or
(b) directly or indirectly purchase, redeem or otherwise acquire or retire
any of its capital stock or any options or warrants therefor except out of the
net proceeds of a substantially concurrent issuance and sale of capital stock
or options or warrants therefor (collectively, “Restricted Payments”) if
after giving effect thereto (i) the aggregate amount expended for all such
purposes subsequent to the date hereof would exceed the difference between
(x) $125,000,000 plus (but not minus in the case of a deficit) 50% of Net
Income for the period (taken as a single accounting period) from July 1,
2007 to the last day of the calendar quarter most recently completed prior to
the Restricted Payment in question and (y) any portion of the amount
computed pursuant to clause (x) hereof which was used to justify a transaction
under Section 7.13 pursuant to clause (iii) thereof and (ii) no
Default or Event of Default shall have occurred and be continuing.

          Section 7.17. ERISA.
The Borrower shall, and shall cause each of the Restricted Subsidiaries to,
promptly pay and discharge all obligations and liabilities arising under ERISA
of a character which if unpaid or unperformed might result in the imposition of
a Lien against any of their Properties. The Borrower shall, and shall cause
each of the Restricted Subsidiaries to, promptly notify the Administrative
Agent and each Lender of (i) the occurrence of any reportable event (as
defined in ERISA) with respect to any employee benefit plan subject to
Title IV of ERISA (other than a multiemployer plan) sponsored or contributed
to by either the Borrower or any member of its Controlled Group (a “Plan”)
with respect to which the PBGC has neither waived the 30 day reporting
requirement nor issued a public announcement that the penalty applicable to a
failure to report will not apply, (ii) receipt of any notice from the PBGC
of its intention to seek termination of any Plan or appointment of a trustee
therefor, (iii) its intention to terminate any Plan or withdraw from any
multiemployer plan if such termination or withdrawal could reasonably be
expected to have a Material Adverse Effect, and (iv) the 

-37-

occurrence of
any other event with respect to any Plan which would result in the incurrence
by the Borrower or any of its Restricted Subsidiaries of any material
liability, fine or penalty, or any material increase in the contingent
liability of the Borrower or any of its Restricted Subsidiaries with respect to
any post-retirement Welfare Plan benefit which could reasonably be expected to
have a Material Adverse Effect.

          Section 7.18. Compliance
with Laws.
The Borrower shall, and shall cause each of its Restricted Subsidiaries to,
comply in all respects with the requirements of all foreign (whether national,
supra-national or otherwise), federal, state, provincial, and local laws,
rules, regulations, ordinances and orders applicable to or pertaining to their
Properties or business operations, non-compliance with which could have a
Material Adverse Effect or could result in a Lien upon any of their Property
material to the Borrower and the Restricted Subsidiaries taken as a whole.

          Section 7.19. Burdensome
Contracts With Affiliates. The
Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to,
enter into any contract, agreement or business arrangement with any of its
Affiliates (other than with or among Restricted Subsidiaries and the Borrower)
on terms and conditions which are less favorable to the Borrower or any such
Restricted Subsidiary than would be usual and customary in similar contracts,
agreements or business arrangements between Persons not affiliated with each
other.

          Section 7.20. No
Changes in Fiscal Year.
The Borrower shall not change its fiscal year from its present basis without
the prior written consent of the Required Lenders.

          Section 7.21. Formation
of Subsidiaries.
The Borrower will not, and will not permit any Restricted Subsidiary to, form
or acquire any Subsidiary except in connection with acquisitions permitted by
Section 7.12 hereof and the formation of new subsidiaries if in any such
case and in either such instance the newly formed or acquired Subsidiary shall,
if the Required Lenders so request and to the extent required by this
Agreement, execute and deliver a Guarantee and grant Liens on its assets of the
priority required by Section 4.1 hereof (and provide the Administrative
Agent with such documentation therefore and such supporting documentation,
including opinions of counsel, as it may reasonably request). Each Subsidiary
acquired or formed pursuant hereto shall constitute a Restricted Subsidiary
unless the Required Lenders otherwise agree in writing.

          Section 7.22. Change
in the Nature of Business. The
Borrower shall not, and shall not permit any of the Restricted Subsidiaries to,
engage in any business or activity if as a result the general nature of the
business of the Borrower and the Restricted Subsidiaries would be changed in
any material respect from the general nature of the business engaged in by the
Borrower and the Restricted Subsidiaries on the date of this Agreement, it
being understood that this Section does not prohibit the FR Acquisition.

          Section 7.23. Use
of Proceeds. The
Borrower shall use the proceeds of the Term Loan hereunder to pay a portion of
the consideration for the FR Acquisition and to pay the reasonable costs and
expenses incident thereto, it being understood that if the FR Acquisition
closes prior the Closing Date, the Borrower shall use the proceeds of the Term Loan
to repay advances under 

-38-

the Revolving Credit Agreement
and/or advances from the Borrower’s cash-on-hand, in each case to be used to
pay a portion of the purchase price of the FR Acquisition.

	
 

	
 

	
SECTION 8.

	
EVENTS OF
  DEFAULT AND REMEDIES.

          Section 8.1.
Events of Default.
Any one or more of the following shall constitute an Event of Default
hereunder:

	
 

	
 

	
 

	
          (a) default
  in the payment when due of all or any part of the principal of the Notes
  (whether at the stated maturity thereof or at any other time provided for in
  this Agreement) and any such default continues for 1 Business Day after
  notice thereof from the Administrative Agent to the Borrower;

	
 

	
 

	
 

	
          (b) default
  in the payment when due of all or part of the interest on any Term Note
  (whether the stated maturity thereof or at any other time provided for in
  this Agreement) or of any fee or other amount payable hereunder or under any
  other Loan Document and any such default continues for 5 Business Days after
  notice thereof from the Administrative Agent to the Borrower;

	
 

	
 

	
 

	
          (c) default
  in the observance or performance of any covenant set forth in
  Sections 7.6, 7.7, 7.8, 7.13, 7.14, 7.15, or 7.16 hereof or of any
  provision in any Loan Document dealing with the maintenance of insurance on
  the Collateral;

	
 

	
 

	
 

	
          (d) default
  in the observance or performance of any other provision hereof or of any
  other Loan Document which is not remedied within thirty days after the
  earlier of (i) the date on which such failure shall first become known to any
  officer of the Borrower or (ii) written notice thereof to the Borrower by the
  Administrative Agent; 

	
 

	
 

	
 

	
          (e) any
  representation or warranty made herein or in any of the other Loan Document
  or in any certificate furnished to the Administrative Agent or the Lenders
  pursuant hereto or thereto or in connection with any transaction contemplated
  hereby or thereby proves untrue in any material respect as of the date of the
  issuance or making thereof;

	
 

	
 

	
 

	
          (f) any
  event occurs or condition exists (other than those described in subsections
  (a) through (e) above) which is specified as an event of default under any of
  the other Loan Documents and any period of grace applicable thereto shall
  have elapsed, or any of the Loan Documents shall for any reason not be or
  shall cease to be in full force and effect, or any of the Loan Documents is
  declared to be null and void, or any of the Collateral Documents shall for
  any reason fail to create a valid and perfected Lien in favor of the
  Administrative Agent in any material amount of Collateral purported to be
  covered thereby of the priority required by Section 4.1 hereof;

	
 

	
 

	
 

	
          (g) default
  shall occur under any evidence of Indebtedness for Borrowed Money aggregating
  in excess of $10,000,000 issued, assumed or guaranteed by any of the Borrower
  or any Restricted Subsidiary or under any indenture, agreement or other 

-39-

	
 

	
 

	
 

	
instrument
  under which the same may be issued, and such default shall continue for a
  period of time sufficient to permit the acceleration of the maturity of any
  such Indebtedness for Borrowed Money (whether or not such maturity is in fact
  accelerated) without being waived or any such Indebtedness for Borrowed Money
  shall not be paid when due (whether by demand, lapse of time, acceleration or
  otherwise);

	
 

	
 

	
 

	
          (h) any
  judgment or judgments, writ or writs or warrant or warrants of attachment, or
  any similar process or processes in an aggregate amount in excess of $500,000
  (provided, that in determining such $500,000 amount there shall be deducted
  therefrom the amount which is covered by insurance from any insurer which has
  acknowledged its liability thereon) shall be entered or filed against the
  Borrower or any of the Material Restricted Subsidiaries or against any of the
  Property or assets of any of them and remains undischarged, unvacated,
  unbonded or unstayed for a period of thirty days;

	
 

	
 

	
 

	
          (i) any
  party obligated on any Guarantee shall purport to disavow, revoke,
  discontinue, repudiate or terminate such Guarantee or such Guarantee shall
  otherwise cease to have force or effect;

	
 

	
 

	
 

	
          (j) any
  Change in Control occurs;

	
 

	
 

	
 

	
          (k) the
  Borrower or Material Restricted Subsidiary shall (i) have entered
  involuntarily against it an order for relief under the United States
  Bankruptcy Code, as amended, the Canadian Bankruptcy Code, as amended, or any
  analogous action is taken under any other applicable law relating to
  bankruptcy or insolvency, (ii) not pay, admit in writing its inability
  to pay, or be deemed under applicable law not to be able to pay, its debts
  generally as they become due, (iii) make an assignment for the benefit
  of creditors, (iv) apply for, seek, consent to, or acquiesce in, the
  appointment of a receiver, receiver-manager, receiver and manager, interim
  receiver, administrative receiver, administrator, custodian, trustee,
  examiner, liquidator or similar official for it or any substantial part of
  its Property, (v) institute any proceeding seeking to have entered
  against it an order for relief under the United States Bankruptcy Code, as
  amended, or the Canadian Bankruptcy Code, as amended to adjudicate it
  insolvent, or seeking dissolution, winding up, liquidation, reorganization,
  arrangement, adjustment or composition of it or its debts under any law
  relating to bankruptcy, insolvency or reorganization or relief of debtors or
  fail to file an answer or other pleading denying the material allegations of
  any such proceeding filed against it, or (vi) fail to contest in good
  faith any appointment or proceeding described in Section 8.1(l) hereof;
  or

	
 

	
 

	
 

	
          (l) a
  custodian, receiver, receiver-manager, receiver and manager, interim
  receiver, administrative receiver, administrator, trustee, examiner,
  liquidator or similar official shall be appointed for the Borrower or any
  Material Restricted Subsidiary or any substantial part of any of their
  Property, or a proceeding described in Section 8.1(k)(v) shall be
  instituted against the Borrower or any Material Restricted Subsidiary, and
  such appointment continues undischarged or such proceeding continues
  undismissed or unstayed for a period of sixty days.

-40-

          Section 8.2. Non-Bankruptcy
Defaults.
When any Event of Default described in subsections 8.1(a) to 8.1(j), both
inclusive, has occurred and is continuing, the Administrative Agent shall, upon
request of the Required Lenders by notice to the Borrower, take any or all of
the following actions:

	
 

	
 

	
 

	
          (a) terminate
  the obligation of the Lenders to extend any further credit hereunder on the
  date (which may be the date thereof) stated in such notice; and

	
 

	
 

	
 

	
          (b) declare
  the principal of and the accrued interest on the Term Notes to be forthwith
  due and payable and thereupon the Term Notes, including both principal and
  interest, and all fees, charges, commissions and other Obligations payable
  hereunder, shall be and become immediately due and payable without further
  demand, presentment, protest or notice of any kind.

          Without
limiting the generality of the foregoing, the Administrative Agent, upon
request of the Required Lenders, shall be entitled to realize upon and enforce
all of its rights and remedies under the Collateral Documents and proceed by
any other action, suit, remedy or proceeding as authorized or permitted by this
Agreement, the Collateral Documents or at law or in equity.

          Section 8.3. Bankruptcy
Defaults. When any Event of Default described in
subsection 8.1(k) or 8.1(l) has occurred and is continuing, then the
unpaid balance of the Term Notes, including both principal and interest, and all
fees, charges, commissions and other Obligations payable hereunder, shall
immediately become due and payable without presentment, demand, protest or
notice of any kind, and the obligation of the Lenders to extend further credit
pursuant to any of the terms hereof shall immediately terminate. Without
limiting the generality of the foregoing, the Administrative Agent, upon
request of the Required Lenders, shall be entitled to realize upon and enforce
all of its rights and remedies under the Collateral Documents and proceed by
any other action, suit, remedy or proceeding and authorized or permitted by
this Agreement, the Collateral Documents or at law or in equity.

	
 

	
 

	
SECTION 9.

	
DEFINITIONS INTERPRETATIONS.

          Section
9.1. Definitions.
The following terms when used herein have the following meanings:

          “Acquired
Business” means the entity or assets acquired by a
Borrower or Restricted Subsidiary in an Acquisition, whether before or after
the date hereof.

          “Acquisition”
means any transaction or series of related transactions for the purpose of or
resulting, directly or indirectly, in (a) the acquisition of all or
substantially all of the assets of a Person, or of any business or division of
a Person, (b) the acquisition of in excess of 50% of the capital stock,
partnership interests, membership interests or equity of any Person (other than
a Person that is a Subsidiary), or otherwise causing any Person to become a
Subsidiary, or (c) a merger or consolidation or any other combination with
another Person (other than a Person that is a Subsidiary) provided that a
Borrower or Restricted Subsidiary is the surviving entity.

-41-

          “Adjusted
EBIT” means, with reference to any period, EBIT for
such period calculated on a pro forma basis in good faith by the Borrower and
established to the reasonable satisfaction of the Administrative Agent as if
each Acquisition which occurred during such period had taken place on the first
day of such period (including adjustments for non-recurring expenses and income
reasonably determined by the Borrower in good faith and established to the
reasonable satisfaction of the Administrative Agent).

          “Adjusted
EBITDA” means, with reference to any period, EBITDA
for such period calculated on a pro forma basis in good faith by the Borrower
and established to the reasonable satisfaction of the Administrative Agent as
if each Acquisition which occurred during such period had taken place on the
first day of such period (including adjustments for non-recurring expenses and
income reasonably determined by the Borrower in good faith and established to
the reasonable satisfaction of the Administrative Agent).

          “Affiliate”
means any Person directly or indirectly controlling or controlled by, or under
direct or indirect common control with, another Person. A Person shall be
deemed to control another Person for the purposes of this definition if such
Person possesses, directly or indirectly, the power to direct, or cause the
direction of, the management and policies of the other Person, whether through
the ownership of voting securities, common directors, trustees or officers, by
contract or otherwise; provided that, in any event for purposes
of this definition, any Person that owns, directly or indirectly, 41% or more
of the securities having ordinary voting power for the election of directors or
governing body of a corporation or 41% or more of the partnership or other ownership
interests of any other Person (other than as a limited partner of such other
Person) will be deemed to control such corporation or other Person.

          “Administrative
Agent” shall mean Bank of Montreal and any successor
thereto appointed pursuant to Section 10.1 hereof.

          “Agreement”
means this Term Loan Agreement, as the same may be amended, modified or
restated from time to time in accordance with the terms hereof.

          “Applicable
Margin” shall mean the rate per annum specified below
for the Leverage Ratio and type of Loan or fee for which the Applicable Margin
is being determined:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
LEVEL I 

	
 

	
LEVEL II 

	
 

	
LEVEL III 

	
 

	
LEVEL IV 

	
 

	
LEVEL V 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Leverage
  Ratio

	
 

	
<1.00x

	
 

	
>1.00x
  and <1.50x

	
 

	
>1.50x
  and <2.00x

	
 

	
>2.00x
  and <2.50x

	
 

	
>2.50x

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Base Rate
  Loan Margin

	
 

	
0%

	
 

	
0%

	
 

	
0%

	
 

	
0%

	
 

	
0.50%

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Eurodollar
  Loan Margin

	
 

	
1.00%

	
 

	
1.25%

	
 

	
1.50%

	
 

	
1.75%

	
 

	
2.25%

-42-

provided, however,
that the foregoing is subject to the following:

	
 

	
 

	
 

	
          (i) the
  Leverage Ratio, Adjusted EBITDA and
  Interest Coverage Ratio shall be determined as at the last day of each fiscal
  quarter of the Borrower commencing with the fiscal quarter ending December
  31, 2007, with any adjustment in the Applicable Margins resulting from a
  change therein to be effective five (5) Business Days after receipt by the
  Administrative Agent of the financial statements for such quarter called for
  by Section 7.5(a) hereof (provided that if such financial statements are
  not submitted within the time limitations of Section 7.5(a) and would
  result in an increase in the Applicable Margins, then such Applicable Margins
  shall be increased effective five Business Days after the last date when such
  financial statements could have been submitted in compliance with
  Section 7.5(a) hereof); 

	
 

	
 

	
 

	
          (ii) the
  Applicable Margins for the period from the date hereof through the first
  redetermination pursuant to clause (i) above shall be those set forth above
  for Level III; and

	
 

	
 

	
 

	
          (iii) each
  determination of the Applicable Margins pursuant to the foregoing shall
  remain in effect until the Applicable Margins are next redetermined pursuant
  to the foregoing.

          “Approved
Fund” means any Fund that is administered or managed
by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an
Affiliate of an entity that administers or manages a Lender.

          “Assignment
Agreement” means an Assignment and Acceptance entered
into by a Lender and an assignee in accordance with Section 11.17 hereof
substantially in the form of Exhibit D hereto or in such other form as may
be agreed to by all parties thereto.

          “Authorized
Representative” means the Chief Executive Officer, the
President, the Chief Financial Officer, the Vice President — Controller, the
Treasurer, the Assistant Treasurer or any further or different persons so named
by any Authorized Representative in a written notice to the Administrative
Agent.

          “Base
Rate Loan” means a Term Loan bearing interest as
specified in Section 2.1 hereof.

          “Borrower”
is defined in the introductory paragraph hereof.

          “Borrowing”
means the portion of the Term Loans then outstanding
at the Base Rate Loans or Eurodollar Loans and, as it relates to Eurodollar
Loans, which have been created or continued on a single date for a single
Interest Period. 

          
“Business Day” means any day (other than a Saturday or
Sunday) on which banks are not authorized or required to close in Chicago,
Illinois and, if the applicable Business Day relates to the advance or
continuation of, or conversion into, or payment of a Eurodollar Loan, on which

-43-

banks are
dealing in U.S. Dollar deposits in the interbank eurodollar market in London,
England and Nassau, Bahamas.

          “Canadian
Bankruptcy Code” mans the Bankruptcy and Insolvency Act
(Canada) and the Companies’ Creditors Arrangement Act (Canada).

          “Canadian
Facility” shall mean a loan and letter of credit
facility not in excess of $25,000,000 extended to one or more of the Canadian
Subsidiaries by a lender licensed to carry on a lending business in Canada and
reasonably acceptable to the Required Lenders (the “Canadian Lender”) and being
on terms and conditions reasonably acceptable to the Required Lenders
(including without limitation in respect of Liens to be granted to such lender
and the priority of any such Liens in relation to the Liens created under the
Collateral Documents).

          “Canadian
Subsidiaries” means and includes such Subsidiaries as
are organized under the Federal laws of Canada or the laws of a Province of
Canada.

          “Capital
Expenditures” means, for any period, capital
expenditures of the Borrower and its Restricted Subsidiaries during such period
as defined and classified in accordance with GAAP consistently applied but in
any event excluding acquisitions and investments which are described in and
permitted by Section 7.12(j) hereof.

          “Capital
Lease” means any lease of Property (whether real or
personal) which in accordance with GAAP is required to be capitalized on the
balance sheet of the lessee.

          “Capitalized
Lease Obligation” means the amount of the liability
shown on the balance sheet of any Person in respect of a Capital Lease
determined in accordance with GAAP.

          “Change
in Control” means that (i) more than 25% of the Voting
Stock of the Borrower shall at any time and for any reason be owned, either
legally or beneficially, by any Person or group of Persons acting in concert or
(ii) Frank MacInnis shall cease to be the chief executive officer of the
Borrower and/or Mark A. Pompa shall cease to be the chief financial officer of the
Borrower and/or either such person shall cease to have the duties and
responsibilities normally associated with such positions and in any instance
covered by clause (ii) the person in question shall not be replaced within
sixty days by a person or persons of established experience and reputation,
with respect to the duties required of the holder of such an office, who has
been approved by a majority of the Board of Directors of the Borrower and who
has not been affiliated with any member of the Board or any business or other
enterprise with which a Board member is affiliated or (iii) (1) another
corporation merges into the Borrower or the Borrower consolidates with or
merges into any other corporation or (2) the Borrower conveys, transfers or
leases all or substantially all its assets to any person or group, in one
transaction or a series of transactions other than any conveyance, transfer or
lease between the Borrower and a wholly owned subsidiary of the Borrower, in
each case, in one transaction or a series of related transactions with the
effect that a Person or group becomes the beneficial owner of more than 25% of
the Voting Stock of the surviving or transferee corporation of such transaction
or series; or (iv) during any period of two consecutive years, individuals who
at the beginning of such period constituted the Borrower’s Board of Directors
(together with any new directors whose

-44-

election by
the Borrower’s Board of Directors, or whose nomination for election was
previously so approved) cease for any reason to constitute a majority of the
Directors then in office. 

          “Closing
Date” means the date upon which all the conditions set
forth in Section 6 of this Agreement have been satisfied.

          “Code”
means the Internal Revenue Code of 1986, as amended from time to time.

          “Collateral”
means all Properties, rights, interests and privileges from time to time
subject to the Liens granted to the Administrative Agent by the Collateral
Documents or required so to be by the terms hereof.

          “Collateral
Agent” means Harris N.A., or any successor Collateral
Agent appointed pursuant to the terms of the Intercreditor Agreement.

          “Collateral
Documents” means the Intercreditor Agreement and all
security agreements, pledge agreements, hypothecs, assignments, financing
statements, debentures and other documents as shall from time to time secure
the Term Notes or any other Obligations.

          “Commitments”
means, as to any Lender, the obligation of such Lender to make its Term Loan on
the Closing Date in the principal amount not to exceed the amount set forth
opposite such Lender’s name on Schedule 1.1 attached hereto and made a
part hereof. The Borrower and the Lenders acknowledge and agree that the
Commitments of the Lenders aggregate $300,000,000 as of the date hereof.

          “Controlled
Group” means all members of a controlled group of
corporations and all trades or businesses (whether or not incorporated) under
common control which, together with the Borrower or any of its Subsidiaries,
are treated as a single employer under Section 414 of the Code.

          “Credit
Utilization” means any Borrowing.

          “Default”
means any event or condition the occurrence of which would, with the passage of
time or the giving of notice, or both, constitute an Event of Default.

          “Designated
Disbursement Account” means the account of the
Borrower maintained with the Administrative Agent or its Affiliate and
designated in writing to the Administrative Agent as the Borrower’s Designated
Disbursement Account (or such other account as the Borrower and the
Administrative Agent may otherwise agree).

          “Disposition”
means the sale, lease, conveyance or other disposition of Property.

          “District”
means District Chilled General Partnership, a Maryland
partnership.

          “Earn-Out
Obligations” means an obligation the payment of which
is dependent upon the future performance of an asset or assets the sale of
which gave rise to such obligation.

-45-

          “EBIT”
means, with reference to any period, as determined for the Borrower and its
Restricted Subsidiaries on a consolidated basis in accordance with GAAP, Net
Income for such period plus all amounts deducted in arriving at such Net Income
amount in respect of (i) Interest Expense for such period, and (ii) federal,
state, provincial, foreign and local income taxes for such period.

          “EBITDA”
means, with reference to any period, as determined for the Borrower and its
Restricted Subsidiaries on a consolidated basis in accordance with GAAP, Net
Income for such period plus all amounts deducted in arriving at such Net Income
amount in respect of (i) Interest Expense for such period, and (ii) federal,
state, provincial, foreign and local income taxes for such period, and (iii)
all amounts properly charged for depreciation of fixed assets and amortization
of intangible assets during such period on the books of the Borrower and its
Restricted Subsidiaries.

          “Eligible
Assignee” means (a) a Lender, (b) an Affiliate
of a Lender, (c) an Approved Fund, and (d) any other Person (other
than a natural person) approved by (i) the Administrative Agent, and
(iii) unless an Event of Default has occurred and is continuing, the
Borrower (each such approval not to be unreasonably withheld or delayed); provided
that notwithstanding the foregoing, “Eligible Assignee” shall not include the
Borrower or any Guarantor or any of the Borrower’s or such Guarantor’s
Affiliates or Subsidiaries.

          “Eligible
Line of Business” means any business engaged in as of
the date of this Agreement by the Borrower or any Restricted Subsidiary or the
Target.

          “EMU
Legislation” means the legislative measures of the
European Council for the introduction of, changeover to, or operation of a
single or unified European currency being part of the implementation of the
Third Stage.

          “ERISA”
means the Employee Retirement Income Security Act of 1974, as amended from time
to time, and any successor statute.

          “ERISA
Affiliate” means any (i) corporation which is a
member of the same controlled group of corporations (within the meaning of
Section 414(b) of the Code) as the Borrower, (ii) partnership or
other trade or business (whether or not incorporated) under common control (within
the meaning of Section 414(c) of the Code) with the Borrower, and
(iii) member of the same affiliated service group (within the meaning of
Section 414(m) of the Code) as the Borrower, any corporation described in
clause (i) above or any partnership or trade or business described in
clause (ii) above.

          “Eurodollar
Loan” means a Term Loan bearing interest as specified
in Section 2.2 hereof.

          “Event
of Default” means any event or condition specified as
such in Section 8.1 hereof.

          “Event
of Loss” means, with respect to any Property, any of
the following: (a) any loss, destruction or damage of such Property or
(b) any condemnation, seizure, or taking, by exercise 

-46-

of the power
of eminent domain or otherwise, of such Property, or confiscation of such
Property or the requisition of the use of such Property.

          “Excess
Cash” means, at any time the same is to be determined,
the amount by which all cash, cash equivalents and marketable securities held
by the Borrower and the U.S. Subsidiaries which are Guarantors in accounts
maintained with the Administrative Agent or any Lender in the United States
exceeds $25,000,000.

          “Existing
Agreement” is defined in the introductory paragraph
hereof.

          “Federal
Funds Rate” means the fluctuating interest rate per
annum described in part (x) of clause (b) of the definition of Base Rate.

          “Foreign
Subsidiary” means as to any particular corporation or
other entity, any other corporation or limited liability company organized
under the laws of and conducting business primarily in a jurisdiction which is
not part of the United States, the United Kingdom or Canada and (i) at
least 39% of the outstanding Voting Stock of which is at the time directly or
indirectly owned by such parent corporation or limited liability company or by
one or more other corporations or limited liability companies or other entities
which are themselves subsidiaries of such parent corporation or limited
liability company (ii) the Borrower of a Subsidiary of the Borrower has
effective control over such corporation or limited liability company, and
(iii) is not designated as an “Unrestricted Subsidiary”.

          “FR
Acquisition” means the acquisition by the Borrower of
substantially all of the outstanding capital stock of FR X Ohmstede
Acquisitions Co., a Delaware corporation. 

          “GAAP”
means generally accepted accounting principles as in effect from time to time.

          “Guarantees”
means instruments of guarantee from the Guarantors of the Obligations
satisfactory in form and substance to the Administrative Agent.

          “Guarantors”
means those U.S. Subsidiaries of the Borrower listed on Schedule 4.2
hereto and such other Restricted Subsidiaries (other than (i) Restricted
Subsidiaries which are not Wholly-Owned Subsidiaries, (ii) Restricted
Subsidiaries which are not are not U.S. Subsidiaries, and (iii) any captive
insurance company or captive surety company which is a Restricted Subsidiary)
as the Required Lenders may from time to time designate as Guarantors in a
written notice to the Borrower provided that such Subsidiary has assets in
excess of $1,000,000 or such other Restricted Subsidiaries as the Borrower may
from time to time designate.

          “Hedging
Liability” means the liability of the Borrower or any
Subsidiary to any of the Lenders, or any Affiliates of such Lenders, in respect
of any interest rate swap agreements, interest rate cap agreements, interest
rate collar agreements, interest rate floor agreements, interest rate exchange
agreements, foreign currency contracts, currency swap contracts, or other
similar interest rate or currency hedging arrangements as the Borrower or such
Subsidiary, as the case may be, may from time to time enter into with any one
or more of the Lenders party to this Agreement or their Affiliates. 

-47-

          “Hostile
Acquisition” means the acquisition of the capital
stock or other equity interests of a Person through a tender offer or similar
solicitation of the owners of such capital stock or other equity interests
which has not been approved (prior to such acquisition) by resolutions of the
Board of Directors of such Person or by similar action if such Person is not a
corporation, and as to which such approval has not been withdrawn.

          “Indebtedness
for Borrowed Money” means for any Person (without
duplication) all indebtedness created, assumed or incurred in any manner by
such Person or in respect of which such Person is directly or indirectly
liable, whether by guarantee, commitment to purchase, undertaking to maintain
the solvency, liquidity or a balance sheet condition of the obligor, or
otherwise representing (i) money borrowed (including by the issuance of
debt securities), (ii) indebtedness for the deferred purchase price of property
or services (other than trade accounts payable arising in the ordinary course
of business and Earn-Out Obligations), (iii) indebtedness secured by any Lien
upon Property of such Person, whether or not such Person has assumed or become
liable for the payment of such indebtedness but if such Person is not liable
then such indebtedness shall be included at the lesser of the amount thereof or
the fair market value of the Property securing same, (iv) Capitalized Lease
Obligations of such Person and (v) all obligations of such Person on or
with respect to letters of credit (other than letters of credit which support
payment of obligations which do not constitute Indebtedness for Borrowed Money
of any Person), and bankers’ acceptances. Performance Guarantees do not
constitute Indebtedness for Borrowed Money.

          “Intercreditor
Agreement” means that certain Intercreditor and
Collateral Agency agreement dated as of even date herewith between the
Revolving Credit Agent and the Administrative Agent.

          “Interest
Coverage Ratio” means as at any date the same is to be
determined the ratio of (i) Adjusted EBIT for the period of twelve calendar
months then ending to (ii) Net Interest Expense for the same period.

          “Interest
Expense” means, with reference to any period, the sum
of all interest charges (including imputed interest charges with respect to
Capitalized Lease Obligations and all amortization of debt discount and expense
but excluding fees payable under Sections 3.1 and 3.2 hereof) of the
Borrower and its Restricted Subsidiaries for such period determined in
accordance with GAAP, but interest paid through the issuance of securities to
the holders of the indebtedness in question having a maturity of more than one
year from the date of issuance and being of no higher ranking or priority than
the indebtedness in question shall not be included in Interest Expense.

          “Interest
Payment Date” means (a) with respect to any
Eurodollar Loan, the last day of each Interest Period with respect to such
Eurodollar Loan and on the maturity date and, if the applicable Interest Period
is longer than (3) three months, on each day occurring every three (3) months
after the commencement of such Interest Period, and (b) with respect to
any Base Rate Loan, the last day of every calendar month and on the maturity
date.

-48-

          “Interest
Period” means the period commencing on the date a
Borrowing is advanced or continued through a new Interest Period and ending 1,
2, 3, or 6 months thereafter; provided, however, that:

	
 

	
 

	
 

	
          (i)
 an Interest Period may not extend beyond the Maturity Date; 

	
 

	
 

	
 

	
          (ii)
 whenever the last day of any Interest Period would otherwise be a day that is
 not a Business Day, the last day of such Interest Period shall be extended to
 the next succeeding Business Day, provided that, if such extension would
 cause the last day of an Interest Period to occur in the following calendar
 month, the last day of such Interest Period shall be the immediately
 preceding Business Day; and

	
 

	
 

	
 

	
          (iii)
 for purposes of determining an Interest Period, a month means a period
 starting on one day in a calendar month and ending on the numerically
 corresponding day in the next calendar month; provided, however, that if
 there is no numerically corresponding day in the month in which such an
 Interest Period is to end or if such an Interest Period begins on the last
 Business Day of a calendar month, then such Interest Period shall end on the
 last Business Day of the calendar month in which such Interest Period is to
 end.

	
 

	
 

	
          “Interest
 Rate Protection and Other Hedging Agreements” means
 one or more of the following agreements entered into by one or more financial
 institutions:

	
 

	
 

	
          (a)
 interest rate protection agreements (including, without limitation, interest
 rate swaps, caps, floors, collars and similar agreements), 

	
 

	
 

	
 

	
          (b)
 foreign exchange contracts, currency swap agreements or other, similar
 agreements or arrangements designed to protect against fluctuations in
 currency values and/or

	
 

	
 

	
 

	
          (c)
 other types of hedging agreements from time to time.

          “Lenders”
shall mean from time to time the parties hereto other than the Borrowers,
including any assignee pursuant to Section 11.18 hereof.

          “Leverage
Ratio” means, as of any time the same is to be
determined, the ratio of (x) Total Funded Debt minus Excess Cash as of such
date, to (y) Adjusted EBITDA for the period of twelve calendar months then
ending.

          “Lien”
means any mortgage, lien, pledge, charge, hypothec or security interest of any
kind or nature (whether fixed or floating or of any ambulatory or
non-crystallized nature or otherwise) in respect of any Property, including the
interest of a vendor or lessor under any conditional sale, Capital Lease or
other title retention arrangement.

-49-

          “Loan
Documents” means this Agreement, the Term Notes, the
Guarantees and the Collateral Documents and each other instrument or document
to be delivered hereunder or thereunder or otherwise in connection therewith.

          “Loans”
means and includes Base Rate Loans and Eurodollar Loans.

          “Material
Adverse Effect” means, with respect to any act,
omission or occurrence, any of the following consequences in the reasonable
judgment of the Required Lenders:

	
 

	
 

	
 

	
          (a)
 the material impairment of the ability of the Borrower or of the Borrower and
 the Guarantors taken as a whole to pay or perform their obligations under or
 pursuant to the Loan Documents;

	
 

	
 

	
 

	
          (b)
 any material adverse change in the assets, liabilities, financial condition,
 operations or business prospects of the Borrower and its Restricted
 Subsidiaries taken as whole, or

	
 

	
 

	
 

	
          (c)
 any material impairment in the right of the Borrower and its Restricted
 Subsidiaries taken as whole to carry on their business substantially as now
 conducted.

          “Material
Restricted Subsidiary” means, as of any date of
determination, any Restricted Subsidiary with a Net Worth at such time greater
than $1,000,000.

          “Maturity
Date” is defined in Section 1.5 hereof.

          “Monumental”
means Monumental Investment Corporation, a Maryland
corporation.

          “Monumental
Acquisition” means the purchase by the Borrower of all of the outstanding
common stock of Monumental pursuant to that certain Stock Purchase Agreement dated as
of April 5, 1999, among the Borrower and the stockholders of Monumental.

          “Net
Cash Proceeds” means, as applicable, (a) with
respect to any Disposition by a Person, cash and cash equivalent proceeds
received by or for such Person’s account, net of (i) reasonable direct
costs relating to such Disposition and (ii) sale, use or other
transactional taxes paid or payable by such Person as a direct result of such
Disposition and (b) with respect to any Event of Loss of a Person, cash
and cash equivalent proceeds received by or for such Person’s account (whether
as a result of payments made under any applicable insurance policy therefor or
in connection with condemnation proceedings or otherwise), net of reasonable
direct costs incurred in connection with the collection of such proceeds,
awards or other payments.

          “Net
Income” for any period means the net income of the
Borrower and the Restricted Subsidiaries for such period computed on a
consolidated basis in accordance with GAAP and, without limiting the foregoing,
after deduction from gross income of all expenses and provisions, including
provisions for taxes on or measured by income, but excluding any gains or
losses on the sale or other disposition of investments or fixed or capital
assets, any extraordinary gains and losses, the cumulative effect of accounting
changes (as that term is defined under GAAP) any 

-50-

taxes on such
excluded gains, and any tax deductions or credits on account of any such
excluded losses.

          “Net
Interest Expense” means, for any period, Interest
Expense less all interest income received by the Borrower and its Restricted
Subsidiaries during such period, as determined on a consolidated basis in
accordance with GAAP.

          “Net
Worth” means, as of any time the same is to be
determined, the total shareholders’ equity (including capital stock, additional
paid-in-capital, warrants, accumulated other comprehensive income (as defined
under GAAP) and retained earnings but after deducting treasury stock and,
excluding minority interests in Restricted Subsidiaries) which would appear on
the balance sheet of the Borrower and its Restricted Subsidiaries determined on
a consolidated basis in accordance with GAAP.

          “Notes”
means and includes the Term Notes.

          “Obligations”
shall mean any and all indebtedness, obligations and liabilities of the
Borrower to the Lenders or any of them or the Administrative Agent now or
hereafter arising hereunder or under any of the other Loan Documents.

          “Percentage”
means, for each Lender, the percentage of the
Commitments represented by such Lender’s Commitment or, if the Commitments have
been terminated, the percentage held by such Lender of the aggregate principal
amount of all outstanding Obligations.

          “Performance
Guarantees” means, in respect of the Borrower or any
of the Restricted Subsidiaries, contingent obligations arising from the
issuance of performance guarantees, assurances, indemnities, bonds, letters of
credit, or similar agreements in the ordinary course of business in respect of
the contracts (other than contracts for Indebtedness for Borrowed Money) of the
Borrower, any Restricted Subsidiary, any Person in which the Borrower or a
Restricted Subsidiary has an equity interest.

          “Permitted
Acquisition” means any Acquisition with respect to
which all of the following conditions shall have been satisfied:

	
 

	
 

	
 

	
          (a)
 the Acquired Business is in an Eligible Line of Business and has its primary
 operations within the United States of America or Canada;

	
 

	
 

	
 

	
          (b)
 the Acquisition shall not be a Hostile Acquisition;

	
 

	
 

	
 

	
          (c)
 if the aggregate consideration for such Acquisition is greater than or equal
 to $25,000,000 (including as consideration all deferred payment obligations
 but excluding any related Earn-Out Obligations), the financial statements of
 the Acquired Business for the most recently completed fiscal year of such Acquired
 Business shall have been audited or reviewed by one of the “Big Four”
 accounting firms or by another independent accounting firm of national or
 regional repute or otherwise reasonably satisfactory to the Administrative
 Agent, or if such financial statements have not been audited by such an
 accounting firm, (i) such financial statements shall have been

-51-

	
 

	
 

	
 

	
approved by
 the Administrative Agent and (ii) the Acquired Business has undergone a
 successful so called businessman’s review by one of the “Big Four” accounting
 firms as part of the Borrower’s due diligence on the Acquisition;

	
 

	
 

	
 

	
          (d)
 if the aggregate consideration (including as such consideration any
 indebtedness of the Acquired Business assumed or guaranteed by the Borrower
 or a Restricted Subsidiary) for such Acquisition is greater than or equal to
 $25,000,000 (including as consideration all deferred payment obligations and
 a reasonable estimate (satisfactory to the Administrative Agent) of any
 related Earn-Out Obligations), after giving effect to the Acquisition the
 Borrower shall have Unused Commitments of not less than $100,000,000;

	
 

	
 

	
 

	
          (e)
 after giving effect to the Acquisition, no Default or Event of Default shall
 exist, including with respect to the covenants contained in
 Sections 7.6, 7.7, 7.8 and 7.9 hereof on a pro forma basis.

	
 

	
 

	
 

	
The parties
 hereto hereby agree that the FR Acquisition shall constitute a Permitted
 Acquisition for all purposes of this Agreement.

          “Person”
shall mean any person, firm, corporation, limited liability company,
partnership, joint venture or other entity.

          “Property”
shall mean, as to any Person, all types of real, personal, tangible, intangible
or mixed property owned by such Person whether or not included in the most
recent balance sheet of such Person and its subsidiaries under GAAP.

          “Refunding
Borrowing” is defined in Section 1.4(a) hereof.

          “Required
Lenders” shall mean at any time Lenders whose
Commitments aggregate 51% or more.

          “Restricted
Payments” is defined in Section 7.16 hereof.

          “Restricted
Subsidiaries” means those Subsidiaries designated as
such on Schedule 5.2 hereof and all other Subsidiaries becoming Restricted
Subsidiaries pursuant hereto. Foreign Subsidiaries are not Restricted
Subsidiaries.

          “Revolving
Credit Agent” means Harris N.A., or any successor
agent under the Revolving Credit Agreement.

          “Revolving
Credit Agreement” means that certain Amended and
Restated Credit Agreement dated as of October 14, 2005, as amended, among
you (the “Company”),
Comstock Canada Ltd. (“Comstock”) and Emcor Group (UK) plc. (“EMCOR UK;”
and together with the Company and Comstock, the “Borrowers”), the Revolving
Agent and certain other Lenders party thereto

-52-

          “Strategic
Ventures” means joint ventures, limited liability
companies, partnerships, corporations or similar pooling of efforts entered
into for the purpose of expanding the mechanical, electrical and/or facilities
services businesses of the Borrower or any Restricted Subsidiary or the
business of the Target or entering or expanding a business related to such
businesses and includes Restricted Subsidiaries that are not Guarantors.

          “Stock
Purchase Agreement” means Purchase and Sale Agreement
dated as of August 20, 2007, between FR X Ohmstede Holdings LLC.
and EMCOR Group, Inc.

          “Subsidiary”
means, as to any particular parent corporation or other entity, any other
entity at least 50.1% of the outstanding Voting Stock of which is at the time
directly or indirectly owned by such parent corporation or limited liability
company or by any one or more other corporations or limited liability companies
or other entities which are themselves subsidiaries of such parent corporation
or limited liability company.

          “Target”
means FR X Ohmstede Acquisitions Co., a Delaware corporation, and its
Subsidiaries.

          “Term
Notes” shall mean the Term Notes (including notes
issued pursuant to Section 11.17 hereof) and “Term Note” shall mean any
of the Term Notes.

          “Term
Loans” is defined in Section 1.2 hereof and, as
so defined, includes a Base Rate Loan or a Eurodollar Loan, each of which is a “type”
of Term Loan hereunder.

          “Third
Party Performance Guarantees” means Performance
Guarantees issued by Monumental to support contractual obligations of third
parties.

          “Third
Stage” means third stage of European economic and
monetary union pursuant to the Treaty on European Union.

          “Total
Funded Debt” means, at any time the same is to be
determined, the aggregate of all Indebtedness for Borrowed Money of the
Borrower and its Restricted Subsidiaries at such time, including all
Indebtedness for Borrowed Money of any other Person which is directly or
indirectly guaranteed by the Borrower or any of its Restricted Subsidiaries or
which the Borrower or any of its Restricted Subsidiaries has agreed
(contingently or otherwise) to purchase or otherwise acquire or in respect of
which the Borrower or any of its Restricted Subsidiaries has otherwise assured
a creditor against loss.

          “Treaty
on European Union” means the Treaty of Rome of March
25, 1957, as amended by the Single European Act of 1986 and the Maastricht
Treaty (which was signed at Maastricht on February 7, 1992, and came into force
on November 1, 1993, as amended from time to time).

          “U.K.
Subsidiaries” means such Subsidiaries organized under
the laws of the United Kingdom.

          “U.S.
Dollars” or “$” means lawful currency of the United States
of America.

-53-

          “U.S.
Subsidiaries” means the Subsidiaries of the Borrower
organized under the laws of the United States of America as may from time to
time be designated as such in writing by the Borrower and approved as such in
writing by all Lenders (but subject to such conditions and limitations as
either the Borrower or Lenders may impose).

          “Unrestricted
Subsidiaries” means those Subsidiaries designated as
such on Schedule 5.2 hereof.

          “Voting
Stock” of any Person means capital stock or other
equity interests of any class or classes (however designated) having ordinary
power for the election of directors of such Person, other than stock having
such power only by reason of the happening of a contingency.

          “Welfare
Plan” means a “welfare plan” as defined in
Section 3(l) of ERISA.

          “Wholly-Owned
Subsidiary” means a Subsidiary of which all of the
issued and outstanding shares of capital stock (other than directors’
qualifying shares as required by law and other than shares held by others for
licensing purposes) or other equity interests are owned by the Borrower and/or
one or more wholly-owned subsidiaries within the meaning of this definition.

          Section 9.2.
Interpretation.
The foregoing definitions are equally applicable to both the singular and
plural forms of the terms defined. The words “hereof”, “herein”,
and “hereunder”
and words of like import when used in this Agreement shall refer to
this Agreement as a whole and not to any particular provision of this
Agreement. All references to time of day herein are references to Chicago,
Illinois time unless otherwise specifically provided. Where the character or
amount of any asset or liability or item of income or expense is required to be
determined or any consolidation or other accounting computation is required to
be made for the purposes of this Agreement, it shall be done in accordance with
GAAP except where such principles are inconsistent with the specific provisions
of this Agreement.

          Section
9.3. Capital Stock. All references in this Agreement
to “capital
stock” shall be deemed to include a reference to shares and all
references to “stockholders” shall be deemed to include references to
shareholders (where appropriate).

	
 

	
 

	
SECTION 10.

	
THE
  ADMINISTRATIVE AGENT.

          Section 10.1.
Appointment and Authorization.
Each Lender hereby appoints and authorizes the Administrative Agent to take
such action as agent on its behalf and to exercise such powers hereunder and
under the other Loan Documents as are designated to the Administrative Agent by
the terms hereof and thereof together with such powers as are reasonably
incidental thereto. The Lenders acknowledge and agree that the Administrative
Agent is not a trustee or other fiduciary for them. The Administrative Agent
may resign at any time by sending twenty (20) days prior written notice to the
Borrower and the Lenders and may be removed by the Required Lenders upon twenty
(20) days prior written notice to the Borrower and the Lenders. In the event of
any such resignation or removal, the Required Lenders may appoint a new agent,
with the consent of the Borrower (which consent shall not be required if any
Default or Event of Default has occurred and is continuing and which consent,
if required, 

-54-

shall not be
unreasonably withheld), which shall succeed to all the rights, powers and
duties of the Administrative Agent hereunder and under the other Loan
Documents. Any resigning or removed Administrative Agent shall be entitled to
the benefit of all the protective provisions hereof with respect to its acts as
an agent or issuer hereunder, but no successor Administrative Agent shall in
any event be liable or responsible for any actions of its predecessor. If the
Administrative Agent resigns or is removed and no successor is appointed, the
rights and obligations of such Administrative Agent shall be automatically assumed
by the Required Lenders and (i) the Borrower and Guarantors shall be
directed to make all payments due each Lender hereunder directly to such Lender
and (ii) the Administrative Agent’s rights in the Collateral Documents
shall be assigned without representation, recourse or warranty to the Lenders
as their interests may appear.

          Section 10.2.
Rights as a Lender.
The Administrative Agent has and reserves all of the rights, powers and duties
hereunder and under the other Loan Documents as any Lender may have and may
exercise the same as though it were not the Administrative Agent and the terms “Lender”
or “Lenders”
as used herein and in all of such documents shall, unless the context otherwise
expressly indicates, include the Administrative Agent in its individual
capacity as Lender.

          Section 10.3.
Standard of Care. The Lenders
acknowledge that they have received and approved copies of the Loan Documents
and such other information and documents concerning the transactions
contemplated and financed hereby as they have requested to receive and/or
review. The Administrative Agent makes no representations or warranties of any
kind or character to the Lenders with respect to the validity, enforceability,
genuineness, perfection, value, worth or collectibility hereof or of the Term
Notes or any of the other Obligations or of any of the other Loan Documents or
of the Liens provided for thereby or of any other documents called for hereby
or thereby or of the Collateral. The Administrative Agent need not verify the
worth or existence of the Collateral. Neither the Administrative Agent nor any
director, officer, employee, agent or representative thereof (including any security
trustee therefor) shall in any event be liable for any clerical errors or
errors in judgment, inadvertence or oversight, or for action taken or omitted
to be taken by it or them hereunder or under the other Loan Documents or in
connection herewith or therewith except to the extent the same is solely a
result of its or their own gross negligence or willful misconduct as determined
by a final, non-appealable judgment of a court of competent jurisdiction. The
Administrative Agent shall incur no liability under or in respect of this
Agreement or the other Loan Documents by acting upon any notice, certificate,
warranty, instruction or statement (oral or written) of anyone (including
anyone in good faith believed by it to be authorized to act on behalf of the
Borrower), unless it has actual knowledge of the untruthfulness of same. The
Administrative Agent may execute any of its duties hereunder by or through
employees, agents, and attorneys-in-fact and shall not be answerable to the
Lenders for the default or misconduct of any such agents or attorneys-in-fact
selected with reasonable care. The Administrative Agent shall be entitled to
advice of counsel concerning all matters pertaining to the agencies hereby
created and their duties hereunder, and shall incur no liability to anyone and
be fully protected in acting upon the advice of such counsel. The
Administrative Agent shall be entitled to assume that no Default or Event of
Default exists unless notified to the contrary by a Lender. The Administrative
Agent shall in all events be fully protected in acting or failing to act in
accord with the instructions of the Required Lenders. 

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Upon the
occurrence of an Event of Default hereunder, the Administrative Agent shall
take such action with respect to the enforcement of the Liens on the Collateral
and the preservation and protection thereof as it shall be directed to take by
the Required Lenders but unless and until the Required Lenders have given such
direction the Administrative Agent shall take or refrain from taking such
actions as it deems appropriate and in the best interest of all Lenders. The
Administrative Agent shall in all cases be fully justified in failing or
refusing to act hereunder and under the other Loan Documents unless it shall be
indemnified to its satisfaction by the Lenders against any and all liability
and expense which may be incurred by the Administrative Agent by reason of
taking or continuing to take any such action. The Administrative Agent may
treat the owner of any Term Note as the holder thereof until written notice of
transfer shall have been filed with the Administrative Agent signed by such
owner in form satisfactory to the Administrative Agent. Each Lender
acknowledges that it has independently and without reliance on the Administrative
Agent or any other Lender and based upon such information, investigations and
inquiries as it deems appropriate made its own credit analysis and decision to
extend credit to the Borrower. It shall be the responsibility of each Lender to
keep itself informed as to the creditworthiness of the Borrower and the
Guarantors and the Administrative Agent shall have no liability to any Lender
with respect thereto.

          Section 10.4.
Costs and Expenses.
Each Lender agrees to reimburse the Administrative Agent for all costs and
expenses suffered or incurred by them or any security trustee in performing
their duties hereunder and under the other Loan Documents, or in the exercise
of any right or power imposed or conferred upon them hereby or thereby, to the
extent that they are not promptly reimbursed for same by the Borrower or out of
the Collateral, all such costs and expenses to be borne by the Lenders ratably
in accordance with the amounts of their respective Commitments.

          Section 10.5.
Indemnity. The Lenders shall
ratably indemnify and hold the Administrative Agent and its directors,
officers, employees, agents, representatives or attorneys-in-fact (including as
such any security trustee therefor), harmless from and against any liabilities,
losses, costs or expenses suffered or incurred by them hereunder or under the
other Loan Documents or in connection with the transactions contemplated hereby
or thereby, regardless of when asserted or arising, except to the extent they
are promptly reimbursed for the same by the Borrower or out of the Collateral
and except to the extent that any event giving rise to a claim was caused
solely by the gross negligence or willful misconduct of the party seeking to be
indemnified as determined by a final, non-appealable judgment of a court of
competent jurisdiction.

          Section 10.6.
[Intentionally Omitted]

          Section 10.7.
Conflict. In
the event of a conflict between the provisions of this Section 10 and the
provisions of any Collateral Document regarding the rights, duties and
obligations of the Administrative Agent, the provisions of this Section 10
shall govern.

          Section 10.8.
Hedging Liability. By virtue of a Lender’s execution
of this Agreement or an assignment agreement pursuant to Section 11.17
hereof, as the case may be, any Affiliate of such Lender with whom the Borrower
or any Subsidiary has entered into an agreement creating 

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Hedging
Liability shall be deemed a Lender party hereto for purposes of any reference
in a Loan Document to the parties for whom the Administrative Agent is acting,
it being understood and agreed that the rights and benefits of such Affiliate
under the Loan Documents consist exclusively of such Affiliate’s right to share
in payments and collections out of the Collateral and the Guarantees as more
fully set forth in Section 3.4 hereof. In connection with any such
distribution of payments and collections, the Administrative Agent shall be
entitled to assume no amounts are due to any Lender or its Affiliate with
respect to Hedging Liability unless such Lender has notified the Administrative
Agent in writing of the amount of any such liability owed to it or its
Affiliate prior to such distribution.

          Section 10.9.
Designation of Additional Administrative Agents. The
Administrative Agent shall have the continuing right, with the consent of the
Borrower (such consent not to be unreasonably withheld or delayed) for purposes
hereof, at any time and from time to time to designate one or more of the
Lenders (and/or its or their Affiliates) as “syndication agents,”
“documentation agents,” “arrangers,” or other designations for purposes hereto,
but such designation shall have no substantive effect, and such Lenders and
their Affiliates shall have no additional powers, duties or responsibilities as
a result thereof.

          Section 10.10.
Authorization to Release or Subordinate or Limit Liens. The Administrative Agent
is hereby irrevocably authorized by each of the Lenders to (a) release any
Lien covering any Collateral that is sold, transferred, or otherwise disposed of
in accordance with the terms and conditions of this Agreement and the relevant
Collateral Documents (including a sale, transfer, or disposition permitted by
the terms of Section 7.14 hereof or which has otherwise been consented to
in accordance with Section 11.4 hereof), (b) release or subordinate
any Lien on Collateral consisting of goods financed with purchase money
indebtedness or under a Capital Lease to the extent such purchase money
indebtedness or Capitalized Lease Obligation, and the Lien securing the same,
are permitted by Sections 7.10(h) and 7.11(e) hereof, and (c) reduce
or limit the amount of the indebtedness secured by any particular item of
Collateral to an amount not less than the estimated value thereof to the extent
necessary to reduce mortgage registry, filing and similar tax.

          Section 10.11.
Authorization to Enter into, and Enforcement of, the Collateral Documents. Each of the
Administrative Agent and the Collateral Agent is hereby irrevocably authorized
by each of the Lenders to execute and deliver the Collateral Documents
(including the Intercreditor Agreement) on behalf of each of the Lenders and
their Affiliates and to take such action and exercise such powers under the
Collateral Documents as the Administrative Agent or Collateral Agent, as
applicable, considers appropriate, provided neither the Administrative Agent
nor the Collateral Agent shall amend the Collateral Documents unless such
amendment is agreed to in writing by the Required Lenders. Each Lender
acknowledges and agrees that it will be bound by the terms and conditions of
the Collateral Documents upon the execution and delivery thereof by the
Administrative Agent and/or Collateral Agent, as applicable. Except as
otherwise specifically provided for herein, no Lender (or its
Affiliates) other than the Collateral Agent shall have the right to institute
any suit, action or proceeding in equity or at law for the foreclosure or other
realization upon any Collateral or for the execution of any trust or power in
respect of the Collateral or for the appointment of a receiver or for the
enforcement of any other remedy under the Collateral Documents; it being understood
and intended that no one or more of the Lenders 

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(or their Affiliates) shall
have any right in any manner whatsoever to affect, disturb or prejudice the
Lien of the Collateral Agent (or any security trustee therefor) under the
Collateral Documents by its or their action or to enforce any right thereunder,
and that all proceedings at law or in equity shall be instituted, had, and
maintained by the Collateral Agent (or its security trustee) in the manner
provided for in the relevant Collateral Documents for the benefit of the
Lenders and their Affiliates.

	
 

	
 

	
SECTION 11.

	
MISCELLANEOUS.

          Section 11.1.
Withholding Taxes. (a) Payments
Free of Withholding. Except as otherwise required by law and subject
to Section 11.1(b) hereof, each payment by the Borrower and each Guarantor
under this Agreement or the other Loan Documents shall be made without
withholding for or on account of any present or future taxes (other than overall
net income taxes (but not withholdings) on the recipient imposed by a
jurisdiction where it is domiciled or has an established place of business)
imposed by or within the jurisdiction in which the Borrower or such Guarantor
is domiciled, any jurisdiction from which the Borrower or such Guarantor makes
any payment, or (in each case) any political subdivision or taxing authority
thereof or therein. If any such withholding is so required, the Borrower or
relevant Guarantor shall make the withholding, pay the amount withheld to the
appropriate governmental authority before penalties attach thereto or interest
accrues thereon and forthwith pay such additional amount as may be necessary to
ensure that the net amount actually received by each Lender and the Administrative
Agent free and clear of such taxes (including such taxes on such additional
amount) is equal to the amount which that Lender or the Administrative Agent
(as the case may be) would have received had such withholding not been made. If
the Administrative Agent or any Lender pays any amount in respect of any such
taxes, penalties or interest (including without limitation, for the avoidance
of doubt, any taxes, penalties or interest attributable to any amounts
reimbursed pursuant to the provisions hereof) the Borrower shall reimburse the
Administrative Agent or that Lender for that payment on demand in the currency
in which such payment was made. If the Borrower or any Guarantor pay any such
taxes, penalties or interest, they shall deliver official tax receipts
evidencing that payment or certified copies thereof to the Lender or
Administrative Agent on whose account such withholding was made (with a copy to
the Administrative Agent if not the recipient of the original) on or before the
thirtieth day after payment. If any Lender or the Administrative Agent
determines it has received or been granted a credit against or relief or
remission for, or repayment of, any taxes paid or payable by it because of any
taxes, penalties or interest paid by the Borrower or any Guarantor and
evidenced by such a tax receipt, such Lender or Administrative Agent shall, to
the extent it can do so without prejudice to the retention of the amount of
such credit, relief, remission or repayment, pay to the Borrower or such Guarantor
as applicable, such amount as such Lender or Administrative Agent reasonably
determines is attributable to such deduction or withholding and which will
leave such Lender or Administrative Agent (after such payment) in no better or
worse position than it would have been in if the Borrower or Guarantors had not
been required to make such deduction or withholding. Nothing in this Agreement
shall interfere with the right of each Lender and the Administrative Agent to
arrange its tax affairs in whatever manner it thinks fit nor oblige any Lender
or the Administrative Agent to disclose any information relating to its tax
affairs or any computations in connection with such taxes.

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          (b)
U.S.
Withholding Tax Exemptions. Each Lender that is not a United States
person (as such term is defined in Section 7701(a)(30) of the Code) shall
submit to the Borrower and the Administrative Agent on or before the earlier of
the date the initial Borrowing is made hereunder and thirty (30) days after the
date hereof, two duly completed and signed copies of either Form W8-BEN
(relating to such Lender and entitling it to a complete exemption from
withholding under the Code on all amounts to be received by such Lender,
including fees, pursuant to the Loan Documents and the Term Loans) or Form
W8-ECI (relating to all amounts to be received by such Lender, including fees,
pursuant to the Loan Documents and the Term Loans) of the United States Internal
Revenue Service. Thereafter and from time to time, each Lender shall submit to
the Borrower and the Administrative Agent such additional duly completed and
signed copies of one or the other of such Forms (or such successor forms as
shall be adopted from time to time by the relevant United States taxing
authorities) as may be (i) requested by the Borrower in a written notice,
directly or through the Administrative Agent, to such Lender and (ii) required
under then-current United States law or regulations to avoid or reduce United
States withholding taxes on payments in respect of all amounts to be received
by such Lender, including fees, pursuant to the Loan Documents or the Term
Loans. Notwithstanding the foregoing, (i) a Lender which becomes a Lender after
the date hereof shall not be required to submit a Form W8-BEN or Form W8-ECI
until the date it becomes a Lender; and (ii) a Lender shall have no obligations
to provide either such Form (or successor form) subsequent to the date it
becomes a Lender if such Lender is excused from doing so pursuant to Section
11.1(c).

          (c)
Inability
of Lender to Submit Forms. If any Lender determines, as a result of
any change in applicable law, regulation or treaty, or in any official
application or interpretation thereof, that it is unable to submit to the
Borrower or Administrative Agent any form or certificate that such Lender is
obligated to submit pursuant to subsection (b) of this Section 11.1. or that
such Lender is required to withdraw or cancel any such form or certificate
previously submitted or any such form or certificate otherwise becomes
ineffective or inaccurate, such Lender shall promptly notify the Borrower and
the Administrative Agent of such fact and the Lender shall to that extent not
be obligated to provide any such form or certificate and will be entitled to
withdraw or cancel any affected form or certificate, as applicable. If any
Lender can avoid the effect of any such change in law, regulation or treaty or
in the application or interpretation thereof, whether by changing its lending
office or otherwise, it undertakes to do so if the same can be accomplished
without disadvantage to it. If some, but not all, of the Lenders are affected
by a change of the type described herein, such Lender agrees that it will at
the request of the Borrower assign its Obligations to another Lender under and
pursuant to the conditions set forth in Section 11.17 hereof.

          Section
11.2. Holidays.
If any payment of principal or interest on any of the Term Notes or any fees
shall fall due on a Saturday, Sunday or on another day which is a legal holiday
for lenders in the State of Illinois, (i) interest at the rates such Notes bear
for the period prior to maturity shall continue to accrue on such principal
from the stated due date thereof to and including the next succeeding Business
Day and (ii) such principal, interest and fees shall be payable on such
succeeding Business Day.

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          Section
11.3. No Waiver, Cumulative Remedies. No delay or
failure on the part of the Administrative Agent or any Lender or on the part of
the Administrative Agent or any holder of any of the Obligations in the
exercise of any power or right shall operate as a waiver thereof, nor as an
acquiescence in any default nor shall any single or partial exercise of any
power or right preclude any other or further exercise of any other power or
right. The rights and remedies hereunder of the Administrative Agent, the
Lenders and the holders of any of the Obligations are cumulative to, and not
exclusive of, any rights or remedies which any of them would otherwise have.

          Section
11.4. Amendments. Any provision of this Agreement or
the other Loan Documents may be amended or waived if, but only if, such
amendment or waiver is in writing and is signed by (a) the Borrower, (b) the
Required Lenders, and (c) if the rights or duties of the Administrative Agent
are affected thereby, the Administrative Agent; provided that:

	
 

	
 

	
 

	
          (i)
  no amendment or waiver pursuant to this Section 11.4 shall (A) increase any
  Commitment of any Lender without the consent of such Lender or (B) reduce the
  amount of or postpone the date for any scheduled payment of any principal of
  or interest on any Loan or of any fee payable hereunder without the consent
  of the Lender to which such payment is owing or which has committed to make
  such Loan (or participate therein) hereunder; and

	
 

	
 

	
 

	
          (ii)
  no amendment or waiver pursuant to this Section 11.4 shall, unless signed by
  each Lender, extend the Maturity Date, change the definition of Required
  Lenders, change the provisions of this Section 11.4, release any material
  Guarantor or any substantial part of the Collateral (except as otherwise
  provided for in the Loan Documents), or affect the number of Lenders required
  to take any action hereunder or under any other Loan Document.

          Section
11.5. Costs and Expenses.
The Borrower agrees to pay on demand all reasonable costs and expenses of the
Administrative Agent in connection with the negotiation, preparation,
execution, delivery, recording or filing or release of the Loan Documents or in
connection with any consents hereunder or thereunder or waivers or amendments
hereto or thereto or assignments pursuant hereto, including the reasonable fees
and expenses of counsel for the Administrative Agent with respect to all of the
foregoing, and all recording, filing, insurance or other fees, costs and taxes
incident to perfecting a Lien upon the collateral security for the Term Notes
and the other Obligations, and all reasonable costs and expenses (including
reasonable attorneys’ fees) incurred by the Administrative Agent, the Lenders
or any other holders of the Obligations in connection with any Default or Event
of Default or in connection with the enforcement of the Loan Documents, and all
reasonable costs, fees and taxes of the types enumerated above incurred in
supplementing (and recording or filing supplements to) the Collateral Documents
in connection with assignments contemplated by Section 11.17 hereof if counsel
to the Administrative Agent believes such supplements to be appropriate or
desirable. The Borrower agrees to indemnify and save the Lenders, the
Administrative Agent and any security trustee for the Administrative Agent or
the Lenders harmless from any and all liabilities, losses, costs and expenses
incurred by the Lenders or the Administrative Agent in connection with any
action, suit or proceeding brought against the Administrative Agent, any
security trustee or any Lender by

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any Person
which arises out of the transactions contemplated or financed by any of the
Loan Documents or out of any action or inaction by the Administrative Agent,
any security trustee or any Lender thereunder, except for such thereof as is
caused by the gross negligence or willful misconduct of the party seeking to be
indemnified. The provisions of this Section 11.5 and the protective provisions
of Section 2 hereof shall survive payment of the Obligations.

          Section
11.6. Stamp Taxes. The Borrower agrees that it will
pay any documentary, stamp or similar taxes payable in respect to this
Agreement or any other Loan Document, including interest and penalties, in the
event any such taxes are assessed, irrespective of when such assessment is made
and whether or not any credit to it is then in use or available.

          Section
11.7. Survival of Representations and Indemnities. All
representations and warranties made herein or in any of the other Loan
Documents or in certificates given pursuant hereto or thereto shall survive the
execution and delivery of this Agreement and the other Loan Documents, and
shall continue in full force and effect with respect to the date as of which
they were made as long as any credit is in use or available hereunder. All
indemnities and other provisions relative to reimbursement to the
Administrative Agent and the Lenders of amounts sufficient to protect the yield
of the Administrative Agent and the Lenders with respect to the Loans, shall
survive the termination of this Agreement and the payment of the Obligations.

          Section
11.8. Construction. The parties hereto acknowledge and
agree that this Agreement shall not be construed more favorably in favor of one
than the other based upon which party drafted the same, it being acknowledged
that all parties hereto contributed substantially to the negotiation and
preparation of this Agreement.

          Section
11.9. Addresses for Notices. Unless specifically provided
otherwise hereunder, all communications provided for herein shall be in writing
and shall be deemed to have been given or made when served personally or three
days after being deposited in the United States mail addressed, if to the
Borrower, at 301 Merritt Seven Corporate Park, Norwalk, Connecticut 06851,
Attention: Chairman of the Board, and if to the Lenders at their addresses as
shown on the signature pages hereof or on any Assignment Agreement, or at such
other address as shall be designated by any party hereto in a written notice
given to each party pursuant to this Section 11.9.

          Section
11.10. Obligations Several. The obligations of the
Lenders hereunder are several and not joint. Nothing contained in this
Agreement and no action taken by the Lenders pursuant hereto shall be deemed to
constitute the Lenders a partnership, association, joint venture or other
entity.

          Section
11.11. Headings. Article and Section headings used in
this Agreement are for convenience of reference only and are not a part of this
Agreement for any other purpose.

          Section
11.12. Severability of Provisions. Any provision of
this Agreement which is unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such unenforceability without
invalidating the remaining provisions hereof or affecting the validity or
enforceability of such provision in any other jurisdiction. All rights,
remedies and powers

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provided in
this Agreement and other Loan Documents may be exercised only to the extent
that the exercise thereof does not violate any applicable mandatory provisions
of law, and all the provisions of this Agreement and other Loan Documents are
intended to be subject to all applicable mandatory provisions of law which may
be controlling and to be limited to the extent necessary so that they will not
render this Agreement or other Loan Documents invalid or unenforceable.

          Section
11.13. Counterparts. This Agreement may be executed in
any number of counterparts, and by different parties hereto on separate
counterparts, and all such counterparts taken together shall be deemed to
constitute one and the same instrument.

          Section
11.14. Binding Nature and Governing Law. This
Agreement shall be binding upon the Borrower and its successors and assigns,
and shall inure to the benefit of the Lenders and the benefit of their
successors and assigns, including any subsequent holder of an interest of the
Term Notes. This Agreement and the rights and duties of the parties hereto
shall be construed and determined in accordance with, and shall be governed by
the internal laws of the State of Illinois without regard to principles of
conflicts of law. The Borrower may not assign its rights or obligations hereunder
without the written consent of all of the Lenders.

          Section
11.15. Entire Understanding. This Agreement, together
with the other Loan Documents and any agreements between the Borrower and the
Administrative Agent concerning fees, constitute the entire understanding of
the parties with respect to the subject matter hereof and any prior agreements,
whether written or oral, with respect thereto are superseded hereby.

          Section
11.16. Participations. Any Lender may grant
participations in its extensions of credit hereunder to any other financial
institution (a “Participant”) provided that (i) no Participant shall
thereby acquire any direct rights under this Agreement, (ii) no Lender shall
agree with a Participant not to exercise any of its rights hereunder without
the consent of such Participant except for rights which under the terms hereof
may only be exercised by all Lenders, (iii) no sale of a participation in
extensions of credit shall in any manner relieve the selling Lender of its obligations
hereunder and (iv) the Borrower shall not be responsible for the costs incurred
by any Lender in connection with such participations.

          Section
11.17. Assignments. (a) Any Lender may at any time
assign to one or more Eligible Assignees all or a portion of such Lender’s
rights and obligations under this Agreement (including all or a portion of its
Commitment and the Loans at the time owing to it); provided that any such
assignment shall be subject to the following conditions: 

          (i)
Minimum
Amounts. (A) In the case of an assignment of the entire remaining
amount of the assigning Lender’s Commitment and the Loans at the time owing to
it or in the case of an assignment to a Lender, an Affiliate of a Lender or an
Approved Fund, no minimum amount need be assigned; and (B) in any case not
described in subsection (a)(i)(A) of this Section, the aggregate amount of the
Commitment or, if the applicable Commitment is not then in effect, the
principal outstanding balance of the Loans of the assigning Lender subject to
each such assignment (determined as of the date the Assignment and Acceptance
with respect to such assignment is delivered to the Administrative Agent or, if
“Effective Date” is specified in the

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Assignment and
Acceptance, as of the Effective Date) shall not be less than $1,000,000, unless
each of the Administrative Agent and, so long as no Event of Default has
occurred and is continuing, the Borrower otherwise consents (each such consent
not to be unreasonably withheld or delayed);

          (ii)
Proportionate
Amounts. Each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Lender’s rights and obligations under
this Agreement with respect to the Loan or the Commitment assigned, except that
this clause (ii) shall not prohibit any Lender from assigning all or a portion
of its rights and obligations among separate Credits on a non-pro rata
basis.

          (iii)
Required
Consents. No consent shall be required for any assignment except to
the extent required by Section 11.17(a)(i)(B) and, in addition:

	
 

	
 

	
 

	
          (a)
  the consent of the Borrower (such consent not to be unreasonably withheld or
  delayed) shall be required unless (x) an Event of Default has occurred and is
  continuing at the time of such assignment or (y) such assignment is to a
  Lender, an Affiliate of a Lender or an Approved Fund; and

	
 

	
 

	
 

	
          (b)
  the consent of the Administrative Agent (such consent not to be unreasonably
  withheld or delayed) shall be required for assignments to a Person who is not
  a Lender, an Affiliate of a Lender or an Approved Fund.

          (iv)
Assignment
and Acceptance. The parties to each assignment shall execute and
deliver to the Administrative Agent an Assignment and Acceptance, together with
a processing and recordation fee of $3,500 (provided such fee shall not be
required for assignments to an Affiliate of a Lender), and the assignee, if it
is not a Lender, shall deliver to the Administrative Agent an Administrative
Questionnaire.

          (v)
No
Assignment to Borrower or Parent. No such assignment shall be made
to the Borrower or any of its Affiliates or Subsidiaries.

          (vi)
No
Assignment to Natural Persons. No such assignment shall be made to a
natural person.

Subject to
acceptance and recording thereof by the Administrative Agent pursuant to
Section 11.17(b) hereof, from and after the effective date specified in each
Assignment and Acceptance, the assignee thereunder shall be a party to this
Agreement and, to the extent of the interest assigned by such Assignment and
Acceptance, have the rights and obligations of a Lender under this Agreement,
and the assigning Lender thereunder shall, to the extent of the interest
assigned by such Assignment and Acceptance, be released from its obligations
under this Agreement (and, in the case of an Assignment and Acceptance covering
all of the assigning Lender’s rights and obligations under this Agreement, such
Lender shall cease to be a party hereto) but shall continue to be entitled to
the benefits of Sections 11.5 and 11.7 with respect to facts and circumstances
occurring prior to the effective date of such assignment. Any assignment or
transfer by a Lender of rights or obligations under this Agreement that does
not

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comply with
this Section shall be treated for purposes of this Agreement as a sale by such
Lender of a participation in such rights and obligations in accordance with
Section 11.16 hereof.

          (b)
Register.
The Administrative Agent, acting solely for this purpose as an agent of the
Borrower, shall maintain at one of its offices in Chicago, Illinois, a copy of
each Assignment and Acceptance delivered to it and a register for the
recordation of the names and addresses of the Lenders, and the Commitments of,
and principal amounts of the Loans owing to, each Lender pursuant to the terms
hereof from time to time (the “Register”). The entries in the Register
shall be conclusive, and the Borrower, the Administrative Agent, and the
Lenders may treat each Person whose name is recorded in the Register pursuant
to the terms hereof as a Lender hereunder for all purposes of this Agreement,
notwithstanding notice to the contrary. The Register shall be available for
inspection by the Borrower and any Lender, at any reasonable time and from time
to time upon reasonable prior notice.

          (c)
Any Lender may at any time pledge or grant a security interest in all or any
portion of its rights under this Agreement to secure obligations of such
Lender, including any such pledge or grant to a Federal Reserve Bank, and this
Section shall not apply to any such pledge or grant of a security interest; provided
that no such pledge or grant of a security interest shall release a Lender from
any of its obligations hereunder or substitute any such pledgee or secured
party for such Lender as a party hereto; provided further, however, the right of
any such pledgee or grantee (other than any Federal Reserve Bank) to further
transfer all or any portion of the rights pledged or granted to it, whether by
means of foreclosure or otherwise, shall be at all times subject to the terms
of this Agreement. 

          Section
11.18. Terms of Collateral Documents not Superseded.
Nothing contained herein shall be deemed or construed to permit any act or
omission which is prohibited by the terms of any Collateral Document, the
covenants and agreements contained herein being in addition to and not in
substitution for the covenants and agreements contained in the Collateral
Documents.

          Section
11.19. PERSONAL JURISDICTION AND JURY
TRIAL WAIVERS.

          (a)
EXCLUSIVE JURISDICTION.
EXCEPT AS PROVIDED IN SUBSECTION
(b), THE ADMINISTRATIVE AGENT, THE LENDERS
AND THE BORROWER AGREE THAT
ALL DISPUTES AMONG THEM ARISING
OUT OF, CONNECTED WITH, RELATED
TO, OR INCIDENTAL TO THE
RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION
WITH THIS AGREEMENT,
AND WHETHER ARISING
IN CONTRACT, TORT,
EQUITY, OR OTHERWISE, SHALL BE
RESOLVED ONLY BY (AND EACH OF
THEM FOR THE BENEFIT OF THE OTHERS HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION
OF) THE STATE OR FEDERAL
COURTS LOCATED IN COOK COUNTY,
ILLINOIS, BUT EACH OF THE
ADMINISTRATIVE AGENT, THE LENDERS
AND THE BORROWER ACKNOWLEDGE THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE
HEARD BY A COURT LOCATED OUTSIDE OF COOK COUNTY,
ILLINOIS. THE BORROWER WAIVES IN ALL DISPUTES ANY OBJECTION THAT THEY
MAY HAVE TO THE LOCATION
OF THE COURT CONSIDERING THE DISPUTE.

          (b)
OTHER JURISDICTIONS.
THE BORROWER AGREES
THAT THE ADMINISTRATIVE
AGENT, AND EACH OF
THE LENDERS SHALL HAVE THE
RIGHT TO PROCEED AGAINST THE BORROWER OR ITS
PROPERTY (“PROPERTY”)
IN A COURT IN ANY LOCATION
OR JURISDICTION TO

-64-

ENABLE THE ADMINISTRATIVE AGENT OR ANY
LENDER TO REALIZE ON PROPERTY,
OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER
ENTERED IN FAVOR OF THE
ADMINISTRATIVE AGENT OR ANY
LENDER AND, WITHOUT PREJUDICE TO THE
GENERALITY OF THE FOREGOING, THE BORROWER AGREES THAT THE ADMINISTRATIVE AGENT
OR ANY LENDER SHALL BE ENTITLED TO COMMENCE PROCEEDINGS (WHETHER FOR THE
PURPOSE OF OBTAINING OR ENFORCING ANY ORDER OR JUDGMENT OR OTHERWISE HOWSOEVER)
IN THE COURTS OF THE JURISDICTIONS WHERE THE BORROWER OR ANY OF ITS PROPERTY IS
LOCATED.

          (c) Jury Trial Waiver. The Borrower, the
Administrative Agent, and each
Lender hereby irrevocably waives any and all right to trial by jury in any
legal proceeding arising out of or relating to any Loan Document or the
transactions contemplated thereby.

          Section
11.20. Interest Rate Limitation. Notwithstanding anything herein to the contrary,
if at any time the interest rate applicable to any Loan to the Borrower,
together with all fees, charges and other amounts which are treated as interest
on such Loan under applicable law (collectively, the “Charges”), shall exceed the
maximum lawful rate permitted by applicable law (the “Maximum Rate”) which may be
contracted for, charged, taken, received or reserved by any one or more of the
Lenders holding such Loan in accordance with applicable law, the rate of
interest payable in respect of such Loan hereunder, together with all Charges
payable in respect thereof, shall be limited to the Maximum Rate and, to the
extent lawful, the interest and Charges that would have been payable with
respect to such Loan but were not payable as a result of the operation of this
Section 11.21 shall be cumulated and the interest and Charges payable to such
Lender or Lenders in respect of other Loans shall be increased (but not above
the Maximum Rate therefor) until such cumulated amount, together with interest
thereon at the rate set out herein, to the date of repayment, shall be have
been received by such Lender or Lenders.

          Section
11.21. USA Patriot Act. Each Lender that is subject to
the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed
into law October 26, 2001)) (the “Act”) hereby notifies the Borrower that
pursuant to the requirements of the Act, it is required to obtain, verify, and
record information that identifies the Borrower, which information includes the
name and address of the Borrower and other information that will allow such
Lender to identify the Borrower in accordance with the Act.

          Section
11.22. Confidentiality. Each of the Administrative
Agent and the Lenders severally agrees to maintain the confidentiality of the
Information (as defined below), except that Information may be disclosed (a) to
its and its Affiliates’ directors, officers, employees and agents, including
accountants, legal counsel and other advisors to the extent any such Person has
a need to know such Information (it being understood that the Persons to whom
such disclosure is made will first be informed of the confidential nature of
such Information and instructed to keep such Information confidential), (b) to
the extent requested by any regulatory authority (including any self-regulatory
authority, such as the National Association of Insurance Commissioners), (c) to
the extent required by applicable laws or regulations or by any subpoena or
similar legal process, (d) to any other party hereto, (e) in connection with the
exercise of any remedies hereunder or under any other Loan Document or any
suit, action or proceeding relating to this Agreement or any other Loan
Document or the enforcement of rights hereunder or thereunder, (f) subject to
an agreement containing provisions substantially the same as those of

-65-

this Section,
to (A) any assignee of or participant in, or any prospective assignee of or
participant in, any of its rights or obligations under this Agreement or (B)
any actual or prospective counterparty (or its advisors) to any swap or
derivative transaction relating to the Borrower or any Subsidiary and its
obligations, (g) with the prior written consent of the Borrower, (h) to the
extent such Information (A) becomes publicly available other than as a result
of a breach of this Section or (B) becomes available to the Administrative
Agent or any Lender on a non-confidential basis from a source other than the
Borrower or any Subsidiary or any of their directors, officers, employees or
agents, including accountants, legal counsel and other advisors, (i) to rating
agencies if requested or required by such agencies in connection with a rating
relating to the Loans or Commitments hereunder, or (j) to entities which
compile and publish information about the syndicated loan market, provided
that only basic information about the pricing and structure of the transaction
evidenced hereby may be disclosed pursuant to this subsection (j). For purposes of this Section, “Information”
means all information received from the Borrower or any of the Subsidiaries or
from any other Person on behalf of the Borrower or any Subsidiary relating to
the Borrower or any Subsidiary or any of their respective businesses, other
than any such information that is available to the Administrative Agent or any
Lender on a non-confidential basis prior to disclosure by the Borrower or any
of its Subsidiaries or from any other Person on behalf of the Borrower or any
of the Subsidiaries.

[SIGNATURE PAGES TO FOLLOW]

-66-

          Upon
your acceptance hereof in the manner hereinafter set forth, this Agreement
shall be a contract between us for the purposes hereinabove set forth.

          Dated
as of this ____ day of September, 2007. 

	
 

	
 

	
 

	
 

	
 

	
EMCOR GROUP, INC.

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

S-1

          Accepted
and Agreed to at Chicago, Illinois as of the day and year last above written.

          Each
of the Lenders hereby agrees with each other Lender that if it should receive
or obtain any payment (whether by voluntary payment, by realization upon
collateral, by the exercise of rights of setoff or banker’s lien, by
counterclaim or cross action, or by the enforcement of any rights under this
Term Loan Agreement, the Term Notes or the Collateral Documents or otherwise)
in respect of the Obligations, in a greater amount than such Lender would have
received had such payment been made to the Administrative Agent and been
distributed among the Lenders as contemplated by Section 3.4 hereof, then in
that event the Lender receiving such disproportionate payment shall purchase
for cash without recourse from the other Lenders an interest in the Obligations
owed to such Lenders in such amount as shall result in a distribution of such
payment as contemplated by Section 3.4 hereof. In the event any payment
made to a Lender and shared with the other Lenders pursuant to the provisions
hereof is ever recovered from such Lender, the Lenders receiving a portion of
such payment hereunder shall restore the same to the payor Lender, with
interest to the extent payable by the payor. 

	
 

	
 

	
 

	
 

	
 

	
 

	
BANK OF MONTREAL, as
 Administrative Agent

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
111 West Monroe Street

	
 

	
Chicago, Illinois 60690

	
 

	
Attention:

	
 

	
 

	
 

	

	
 

S-2

	
 

	
 

	
 

	
 

	
 

	
 

	
BMO CAPITAL MARKETS FINANCING,
 INC.

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
111 West Monroe Street

	
 

	
Chicago, Illinois 60690

	
 

	
Attention:

	
 

	
 

	
 

	

	
 

S-3

	
 

	
 

	
 

	
 

	
 

	
LASALLE BANK NATIONAL
 ASSOCIATION

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
135 South LaSalle Street, Suite 836

	
 

	
Chicago, Illinois 60606

	
 

	
Attention: Richard Kress

S-4

	
 

	
 

	
 

	
 

	
 

	
BANK OF AMERICA, N.A.

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
1185 Avenue of the Americas

	
 

	
New York, New York

	
 

	
Attention: Richard Williams

S-5

	
 

	
 

	
 

	
 

	
 

	
U.S. BANK, NATIONAL
 ASSOCIATION

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
425 Walnut Street, 8th Floor

	
 

	
ML CN-OH-W8

	
 

	
Cincinnati, Ohio 45205

	
 

	
Attention: Michael P. Dickman

S-6

	
 

	
 

	
 

	
 

	
 

	
RBS CITIZENS, NATIONAL
 ASSOCIATION

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
28 State Street

	
 

	
Boston, Massachusetts 02109

	
 

	
Attention: Cindy Chen

S-7

	
 

	
 

	
 

	
 

	
 

	
KEYBANK NATIONAL
 ASSOCIATION

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
127 Public Square

	
 

	
Cleveland, Ohio 44114

	
 

	
Attention: Frank Jancar

S-8

	
 

	
 

	
 

	
 

	
 

	
WACHOVIA BANK, N. A.

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
205 Church Street

	
 

	
New Haven, Connecticut 06510

	
 

	
Attention: Barbara A. Keegan

S-9

	
 

	
 

	
 

	
 

	
 

	
HSBC BANK USA, NATIONAL
 ASSOCIATION

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
8 Sound Shore Drive, 3rd Floor

	
 

	
Greenwich, Connecticut 06830

	
 

	
Attention: Thomas C. Himmelright

S-10

	
 

	
 

	
 

	
 

	
 

	
TD BANKNORTH N.A.

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
5 Commerce Park North

	
 

	
Bedford, New Hampshire 03110

	
 

	
Attention: Charles Walker

S-11

	
 

	
 

	
 

	
 

	
 

	
FIFTH THIRD BANK

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
38 Fountain Square

	
 

	
Cincinnati, Ohio 45202

	
 

	
Attention: Brooke Balcom

S-12

	
 

	
 

	
 

	
 

	
 

	
THE PRUDENTIAL INSURANCE
 COMPANY OF AMERICA

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
1114 Avenue of the Americas, 30th Floor

	
 

	
New York, New York 10036

	
 

	
Attention: Yvonne Guarardo

S-13

	
 

	
 

	
 

	
 

	
 

	
JP MORGAN CHASE BANK, N.A.

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
201 North Central Avenue, Floor 21

	
 

	
Phoenix, Arizona 85004

	
 

	
Attention: Brad A. Richards

S-14

	
 

	
 

	
 

	
 

	
 

	
NATIONAL CITY BANK

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
110 W. Berry Street, Suite 800

	
 

	
Fort Wayne, Indiana 46802

	
 

	
Attention: Gerald P. Witte

S-15

	
 

	
 

	
 

	
 

	
 

	
COMMERZBANK AG, NY AND
 GRAND CAYMAN BRANCHES

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
2 World Financial Center

	
 

	
New York, New York 10281

	
 

	
Attention: Robert Taylor

S-16

	
 

	
 

	
 

	
 

	
 

	
RZB FINANCE LLC

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
24 Grassy Plain Street

	
 

	
Bethel, Connecticut 06801

	
 

	
Attention: Randall C. Abrams

S-17

	
 

	
 

	
 

	
 

	
 

	
 

	
CITIBANK NA

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	

	
 

	

	
 

	
Attention:

	
 

	
 

	
 

	

	
 

S-18

	
 

	
 

	
 

	
 

	
 

	
WELLS FARGO BANK, NATIONAL
 ASSOCIATION

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
550 5th Avenue, 19th Floor

	
 

	
New York, New York 10036

	
 

	
Attention: Jordan Fragiacomo

S-19

	
 

	
 

	
 

	
 

	
 

	
COMMERCE BANK, N.A.

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
1701 Route 70 East

	
 

	
Cherry Hill, New Jersey 08034

	
 

	
Attention: Thomas L. Savage

S-20

	
 

	
 

	
 

	
 

	
 

	
THE NORTHERN TRUST COMPANY

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
50 South LaSalle Street

	
 

	
Chicago, Illinois 60603

	
 

	
Attention: Courtney L. O’Connor

S-21

	
 

	
 

	
 

	
 

	
 

	
MB FINANCIAL BANK, N.A.

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
6111 N. River Road, 4th Floor

	
 

	
Rosemont, Illinois 60018

	
 

	
Attention: Henry Wessel

S-22

	
 

	
 

	
 

	
 

	
 

	
WEBSTER BANK, NATIONAL
 ASSOCIATION

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
80 Elm Street

	
 

	
New Haven, Connecticut 06510

	
 

	
Attention: Matthew O. Riley

S-23

EXHIBIT A 

TERM NOTE 

September
19, 2007 

          For
value received, the undersigned, EMCOR
GROUP, INC., a Delaware corporation (“Borrower”), hereby promises to pay to the
order of ________________________ ______________________ (the “Lender”),
at the principal office of Bank of Montreal, Chicago Branch, in Chicago,
Illinois, the aggregate unpaid principal amount of each Term Loan made by the
Lender to the Borrower pursuant to the Term Loan Agreement on the due date
therefore as specified in the Term Loan Agreement, together with interest on
the principal amount of each Term Loan from time to time outstanding hereunder
at the rates, and payable in the manner and on the dates specified in the Term
Loan Agreement.

          The
Lender shall record on its books or records or on a schedule attached to this
Note, which is a part hereof, each Term Loan made by it pursuant to the Term
Loan Agreement, any repayment of principal and interest and the principal
balances from time to time outstanding hereon, provided that prior to the
transfer of this Note all such amounts shall be recorded on a schedule attached
to this Note. The record thereof, whether shown on such books or records or on
a schedule to this Note, shall be prima facie evidence of the same,
provided, however, that the failure of the Lender to record any of the
foregoing or any error in any such record shall not limit or otherwise affect
the obligation of the Borrowers to repay all Term Loans made to them pursuant
to the Term Loan Agreement together with accrued interest thereon.

          This
Note is one of the Term Notes referred to in the Term Loan Agreement dated as
of September 19, 2007, among the Borrower, Bank of Montreal, as
Administrative Agent, and the Lenders from time to time party thereto (the “Term Loan
Agreement”), and this Note and the holder hereof are entitled to all
the benefits provided for thereby or referred to therein, to which Term Loan
Agreement reference is hereby made for a statement thereof. All defined terms
used in this Note, except terms otherwise defined herein, shall have the same
meaning as in the Term Loan Agreement.

          This
Note is issued by the Borrower under the terms and provisions of the Term Loan
Agreement and is secured by the Collateral Documents, and this Note and the
holder hereof are entitled to all of the benefits and security provided for
thereby or referred to therein, to which reference is hereby made for a
statement thereof. This Note may be declared to be, or be and become, due prior
to its expressed maturity, voluntary prepayments may be made hereon, and
certain prepayments are required to be made hereon, all in the events, on the
terms and with the effects provided in the Term Loan Agreement.

          This
Note shall be construed in accordance with, and governed by, the internal laws
of the State of Illinois without regard to principles of conflicts of law.

          The
Borrower hereby promises to pay all costs and expenses (including attorneys’
fees) suffered or incurred by the holder hereof in collecting this Note or
enforcing any rights in any collateral herefor. The Borrower hereby waives
presentment for payment and demand.

	
 

	
 

	
 

	
 

	
 

	
EMCOR GROUP, INC.

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Its

	
 

	
 

	
 

	
 

	

A-2

EXHIBIT B 

FORM OF OPINION
OF COUNSEL 

EXHIBIT B 

September
   , 2007

Bank of Montreal, as Administrative Agent

111 West Monroe Street

Chicago, IL 60690 

Harris, N.A., as Collateral Agent, and 

Lenders from time to time party to

the Term Loan Agreement hereinafter identified

Ladies and Gentlemen:

          I
am Executive Vice President and General Counsel of EMCOR Group, Inc., a
Delaware corporation (the “Company”), and have acted as counsel to
the Company and the corporations, limited liability companies and limited
partnerships listed on Exhibit A hereto (the “Guarantors”, and collectively with the Company,
the “Organizations”)
in connection with the Term Loan Agreement dated as of September , 2007 (the
“Term Loan Agreement”) by and among the Company and Bank of Montreal,
individually and as Administrative Agent, and the Lenders which are or become
parties thereto, in connection with which a term loan is being made available
by you to the Company.

          This
opinion is being delivered pursuant to Section 6(m) of the Term Loan Agreement.
Capitalized terms used and not defined herein shall have the respective
meanings assigned to such terms in the Term Loan Agreement.

          In
connection with this opinion, I have reviewed the Term Loan Agreement; the form
of Term Note; the form of Guaranty Agreement dated as of September , 2007 made by the
Guarantors
(as such term is defined in such Guaranty Agreement) in favor of the Guaranteed
Creditors (as such term is defined in such Guaranty Agreement), the form of
Assumption and Supplemental Guaranty Agreement dated as of September , 2007
made by certain Guarantors (as such term is defined in the Amended and Restated
Credit Agreement dated as of October 14, 2005 by and among the Company and
Certain of Its Subsidiaries and Harris N.A. and the Lenders which are or became
parties thereto (the “Revolving Credit Agreement”)) in favor of the Guaranteed
Creditors (as that term is defined in the Amended and Restated Guaranty
Agreement dated as of October 14, 2005, which the Supplemental Guaranty
Agreement supplements); the form of Second Amended and Restated Pledge
Agreement dated as of September , 2007 by and among the Pledgors
(as such term is defined in such Pledge Agreement), including the Company and
other entities substantially owned, directly or indirectly by the Company, and
Harris N.A., as Agent (the “Agent”); the form of Second Amended and Restated
Security Agreement dated as of September , 2007 by and among the Debtors (as
such term is defined in such Security Agreement), including the Company and
other entities substantially owned, directly or indirectly, by the Company, and
Harris N.A. (as such term is defined in such Security Agreement), as Agent (the
“Agent”), and the Intercreditor and Collateral Agency Agreement dated as of
September   , 

C-2

2007 by and among Harris N.A., as Collateral Agent and
Revolver Agent, and Bank of Montreal, as Term Loan Agent (as such terms are
defined therein), which the Company and the Guarantors have acknowledged and
consented to (collectively, the “Loan Documents”).

	
 

	
 

	
 

	
I have also reviewed and am familiar with:

	
 

	
 

	
 

	
          (i) a
 copy of the certificate of incorporation (or other similar organization
 document) of each Organization which is a corporation, certified by the
 Secretary, Clerk, Assistant Secretary or Assistant Clerk of such
 Organization;

	
 

	
 

	
 

	
          (ii)
 a copy of the certificate of formation (or other similar organization
 document) of each Guarantor which is a limited liability company, certified
 by Members, a Manager or an officer of each such Guarantor;

	
 

	
 

	
 

	
          (iii) a
 copy of the certificate of limited partnership of each Guarantor which is a
 limited partnership, certified by a general partner or officer of each such
 Guarantor;

	
 

	
 

	
 

	
          (iv) a
 certificate (or the equivalent thereof), dated as of a date no earlier than
 30 days prior to the date hereof, as to the good standing and/or legal
 existence of each Organization issued by the Secretary of State of the state
 of such Organization’s organization provided such state issues such
 certificate or equivalent;

	
 

	
 

	
 

	
          (v)
 a copy of the by-laws of each Organization which is a corporation, certified
 by the Secretary or the Assistant Secretary or Clerk or Assistant Clerk of
 such Organization as being the by-laws of such Organization as in effect on
 the date hereof;

	
 

	
 

	
 

	
          (vi)
 a copy of the limited liability company agreement or operating agreement of
 each Guarantor which is a limited liability company, certified by Members, a
 Manager or an officer of each such Guarantor as being the limited liability
 company agreement or operating agreement of such Guarantor as in effect on
 the date hereof;

	
 

	
 

	
 

	
          (vii) a
 copy of the limited partnership agreement of each Guarantor which is a
 limited partnership, certified by an officer of the general partner of each
 such Guarantor or the officer of each such Guarantor as being the limited
 partnership agreement of such Guarantor as in effect on the date hereof;

	
 

	
 

	
 

	
          (viii)
 copies of certain resolutions adopted by the board of directors of each
 Organization which is a corporation, authorizing the execution, delivery and
 performance of the terms and provisions of the Loan Documents to which such
 Organization is party, each certified by the Secretary or Assistant Secretary
 or the Clerk or Assistant Clerk of such Organization;

	
 

	
 

	
 

	
          (ix)
 copies of certain resolutions adopted by the members, Board of Managers or
 Managers of each Guarantor which is a limited liability company, authorizing
 the

C-3

	
 

	
 

	
 

	
execution, delivery and performance of the terms and
 provisions of the Loan Documents to which such Guarantor is party, each
 certified by Members, a Manager, or an officer of such Guarantor; and

	
 

	
 

	
 

	
          (x) copies
 of certain resolutions adopted by the general partner of each Guarantor which
 is a limited partnership, authorizing the execution, delivery, and
 performance of the terms and provisions of the Loan Documents to which such
 Guarantor is a party, each certified by the Secretary of the general partner
 of such Guarantor.

          I
also have examined such other corporate, limited liability company and limited
partnership documents and records and such other agreements, certificates,
opinions, instruments, papers, statutes and authorities, and have made such
examinations of law, as I have deemed necessary as a basis for the opinions
below.

          In
such examinations, I have assumed the genuineness of all signatures (other than
those of representatives of the Organizations), the completeness and
authenticity of all records and all documents submitted to me as originals and
the conformity to original documents of the documents supplied to me as copies.
As to various questions of fact material to such opinions, I have relied upon
representations and warranties of each of the Organizations contained in the
Loan Documents and upon statements and certificates of the officers, Members,
or Manager of the Organizations or of officers of the general partners of
Organizations that are limited partnerships or of officers of Organizations
that are limited partnerships and of other parties to the Loan Documents and of
public officials, and upon public records. I have not conducted a search of or
otherwise examined the records of any court.

          For
purposes of the opinions hereinafter expressed, I have assumed that (a) each
party to any Loan Document (other than the Organizations) has the power to
enter into and perform all of its obligations thereunder, (b) each such party
(other than the Organizations) has taken all necessary actions to authorize the
due execution, delivery and performance of such Loan Document by it, and (c)
each such Loan Document is the legal, valid and binding obligation of each such
party (other than the Organizations) thereto.

          The
opinions set forth in numbered paragraph 3 below with respect to the legality, validity,
binding effect and enforceability of any Loan Document are subject to the
effect of bankruptcy, insolvency, moratorium, fraudulent conveyance and similar
laws relating to or affecting creditors’ rights generally and court decisions
with respect thereto, and I express no opinion with respect to the application
of equitable principles to any Loan Document in any proceeding, whether at law
or in equity.

          I
express no opinion as to the enforceability of provisions of the Loan Documents
which; (a) restrict
access to legal or equitable remedies; (b) purport to waive or affect any
rights to notices; (c) contain a covenant by a party to take actions the taking
of which is discretionary with or subject to the approval of another party or
which are otherwise subject to contingencies the fulfillment of which is not
within the control of the party so covenanting; (d) purport to limit the 

C-4

Agent’s obligations to exercise reasonable care in the
custody and preservation of collateral in accordance with the Uniform
Commercial Code of the State of New York; (e) purport to exculpate a party
from, or indemnify a party against, its own negligence or failure to act in
good faith or in accordance with standards of commercial reasonableness; (f)
purport to allow the Agent to establish evidentiary standards for suit or
proceedings to enforce such Loan Documents; (g) purport to allow the Agent to
set off and apply deposits of any Organization to its obligations under
the Loan Documents without prior notice having been given to any Organization,
or as to the enforceability of any waiver by any Organization of demand or of
rights to set-off or counterclaim; (h) relate to delay, election or omission of
enforcement of 

remedies; (i) relate to severability; or (j) purport
to constitute waivers of rights of subrogation, reimbursement, contribution,
exoneration or indemnity by any Organization. I also point out that legal and
equitable principles require good faith and fair dealing by the Agent and may
require the Agent to exercise its rights and remedies under the Loan Documents
in a reasonable manner, including, but not limited to, consideration by the
Agent of the materiality of any breach by any Organization and of the
consequences of such breach to the Agent. Furthermore, certain other provisions
as to rights, remedies, covenants and limitations contained in the Loan
Documents are subject to legal or equitable principles relating to the strict
or specific enforcement of such rights, remedies, covenants and limitations.
However, subject to the effect of bankruptcy, insolvency, moratorium,
fraudulent conveyance and similar laws relating to or affecting creditors’
rights generally and court decisions with respect thereto, the limitations
referred to in this paragraph and/or in other parts of this opinion, do not, in
my opinion, make the remedies and procedures which will be afforded to the
Agent inadequate for the realization of the substantive benefits purported to
be provided under the Loan Documents. 

          I
also point out that the enforceability of the above-referenced Security
Agreement and the security interests created thereby may be subject to rights
of account debtors and any claims or defenses of such persons against any
Organization. Moreover, in the case of receivables that are due from the United
States or any state thereof or any department of the United States or any state
thereof, the right to collect upon such receivables may be limited by the
Assignment of Claims Act, 31 U.S.C.A. § 3727 (1989) and any applicable state
law relating to the assignment of claims against such State.

          I
express no opinion with respect to the right, title or interest of any
Organization in or to any property, the existence, location or description of
any Collateral (as such term is defined in the Loan Documents), or the priority
or perfection of any security interest or other Lien in any of the Collateral
as such term is defined in the Loan Documents or any other Lien referred to in
the Loan Documents.

          When
reference is made in this opinion to “knowledge” or to what is “known to me”,
it means my actual knowledge and in this regard it is noted that I have not made
any special review, investigation or inquiry in connection with rendering the
opinion with respect to the matters so qualified.

C-5

          I
am admitted to practice law in the State of New York and I do not purport to be
expert on, or to express any opinion herein concerning, any law other than the
laws of the State of New York, the federal laws of the United States of America
and the General Corporation Law of the State of Delaware. For the purposes of
this opinion, I have assumed that the laws of the States of Illinois, and of
the state of incorporation or organization of each of the Organizations not
incorporated or organized in Delaware or New York, are identical to the laws of
the State of New York. For the purpose of the due certification of status in
the first sentence of my opinion in numbered paragraph 1 below, I have relied
solely upon certificates of public officials of the states of organization of
each of the Organizations. For purposes of my opinion expressed in the second
sentence of numbered paragraph 1 below in respect of due qualification and good
standing as a foreign organization, I am relying solely on the representations
and warranties of each of the Organizations contained in the Loan Documents.

          Based
upon and subject to the foregoing, I am of the opinion that:

	
 

	
 

	
 

	
          1. Except
 as set forth in the Side Letter referred to in the Credit Agreement, each of
 the Organizations which is a corporation is a validly existing corporation in
 good standing under the laws of its jurisdiction of incorporation and has the
 corporate power and authority to transact the business in which it is engaged
 as now conducted, and each of the Organizations which is a limited liability
 company or a limited partnership is a legally existing limited liability
 company or limited partnership, respectively, in good standing or in
 existence under the laws of its jurisdiction of organization and has the
 power and authority to transact the business in which it is engaged and now
 conducted. Each of the Organizations which is a corporation or a limited
 liability company is duly qualified and in good standing as a foreign
 corporation or limited liability company, as the case may be, in all of the
 states in which, to my knowledge, failure to be so qualified would have a
 Material Adverse Effect.

	
 

	
 

	
 

	
          2. The
 Company has the corporate power to borrow from you. Each Guarantor has the
 corporate, limited liability company, limited partnership, or other power to
 guarantee all of the indebtedness, obligations and liabilities of the Company
 to you pursuant to the Term Loan Agreement. Each Organization has the
 corporate, limited liability company, limited partnership, or other power to
 mortgage, pledge, assign and otherwise encumber its assets and properties as
 collateral security for such borrowings, obligations and guarantees, to
 execute and deliver the Loan Documents executed by it and to which it is a
 party and to observe and perform all of the terms and provisions of such Loan
 Documents. The execution and delivery of the Loan Documents executed by each
 of the Organizations does not, nor will the observance and performance of any
 of the terms and provisions thereof, violate any law or the certificate of
 incorporation, certificate of formation, by-laws, limited liability company
 agreement, operating agreement or limited partnership agreement (or other
 similar documents) of any such Organization or, to my knowledge, any
 covenant, indenture or agreement to which such Organization is a party.

C-6

	
 

	
 

	
 

	
          3. The
 Loan Documents executed by each Organization have been duly authorized by all
 necessary corporate, limited liability company, limited partnership, or other
 action, have been executed and delivered by the proper officers or other
 representatives of such Organization and constitute valid and binding
 agreements of such Organization, enforceable against it in accordance with
 the respective terms of such Loan Documents.

	
 

	
 

	
 

	
          4.
 Except as may be required in order to perfect the Liens contemplated by the
 Loan Documents, no order, authorization, consent, license or exemption of, or
 filing or registration with, any court or governmental department, agency,
 instrumentality or regulatory body of the United States of America or the
 State of New York is or will be required in connection with the lawful
 execution and delivery of the Loan Documents by each Organization party
 thereto or the performance by each such Organization of any of the terms of
 the Loan Documents.

	
 

	
 

	
 

	
          5. To
 my knowledge, after due inquiry, except as disclosed on Schedule 5.9 of the
 Credit Agreement or the Side Letter or in the notes to the financial
 statements of the Company as at and for the fiscal year ended December 31,
 2006 or in the Company’s Form 10-Q for the fiscal quarter ended June 30,
 2007, there is no action, suit, proceeding or investigation at law or in
 equity before or by any court or public body pending or threatened against
 any Organization or any of its assets or properties which, if adversely
 determined, could result in a Material Adverse Effect.

          This
opinion letter is furnished solely for your benefit in connection with matters
relating to the Loan Documents and may not be used or relied upon by any other
person or for any other purpose without my prior written consent.

	
 

	
 

	
 

	
Very truly yours,

	
 

	
 

	
 

	
Sheldon I. Cammaker

 Executive Vice President

 and General Counsel

C-7

EXHIBIT C

EMCOR
GROUP, INC.

COMPLIANCE
CERTIFICATE

FOR THE QUARTER
ENDING __________

	
 

	
 

	
To:

	
Bank of Montreal

 as Administrative Agent under, and the Lenders

 party to the Term Loan Agreement described below

          This
Compliance Certificate is furnished to the Lenders pursuant to the requirements
of Section 7.5 of the Term Loan Agreement dated as of September 19, 2007,
by and between EMCOR Group, Inc., a Delaware corporation (the “Borrower”),
Bank of Montreal, as agent thereunder (the “Administrative Agent”) and the Lenders
named therein (the “Term Loan Agreement”). Unless otherwise
defined herein, the terms used in this Compliance Certificate have the meanings
ascribed thereto in the Term Loan Agreement.

          THE
UNDERSIGNED HEREBY CERTIFIES THAT:

          1. I
am the duly elected ______________ of the Borrower;

          2. I
have reviewed the terms of the Term Loan Agreement and I have made, or have
caused to be made under my supervision, a detailed review of the transactions
and conditions of the Borrower and the Restricted Subsidiaries during the
accounting period covered by the financial statements being furnished
concurrently with this Certificate;

          3. The
examinations described in paragraph 2 did not disclose, and I have no
knowledge of, the existence of any condition or the occurrence of any event
which constitutes a Default or an Event of Default at any time during or at the
end of the accounting period covered by the accompanying financial statements
or as of the date of this Certificate, except as set forth immediately below;

          4. The
financial statements required by Section 7.5 of the Term Loan Agreement
and being furnished to you concurrently with this Certificate are true, correct
and complete as of the dates and for the periods covered thereby; and

          5. Schedule I
attached hereto sets forth financial data and computations evidencing the
Borrower’s compliance with certain covenants of the Term Loan Agreement, all of
which data and computations are true, complete and correct and have been made
in accordance with the relevant Sections of the Term Loan Agreement. 

          6. Also
attached hereto is a summary of claims with a recorded value of over $5,000,000
in litigation, mediation or arbitration.

          Described
below are the exceptions, if any, to paragraph 3 by listing, in detail,
the nature of the condition or event, the period during which it has existed
and the action which the Borrowers have taken, is taking, or proposes to take
with respect to each such condition or event:

	
 

	
 

	
 

	

	
 

	
 

	
 

	

	
 

	
 

	
 

	

	
 

	
 

	
 

	

          The
foregoing certifications, together with the computations set forth in
Schedule I attached hereto and the financial statements furnished
concurrently with this Certificate in support hereof, are made and delivered as
of this ______ day of _______________, 20___.

	
 

	
 

	
 

	
 

	
EMCOR GROUP,
 INC.

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
     Title:

	
 

	
 

	
 

	

	
 

	
 

	
(Type or Print Name)

C-2

SCHEDULE I

EMCOR
GROUP, INC.

COMPLIANCE
CALCULATIONS 

FOR

TERM LOAN AGREEMENT

DATED AS OF SEPTEMBER 19, 2007

	
  

 
	
 CALCULATIONS
 AS OF _______________, 20__

 
	
  

 
	

 

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 A.

 	
 MINIMUM NET WORTH (SECTION 7.6)

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
   1.

 	
 Net Worth

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   2.

 	
 $400,000,000
 plus 50% of Net Income for each Fiscal Quarter of the Borrower ending on or
 after December 31, 2005

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   3.

 	
 Line A1 is
 at least equal to line A2

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   4.

 	
 Borrower is
 in Compliance

 	
  

 	
 Yes/No

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 B.

 	
 LEVERAGE RATIO (SECTION 7.7)

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
   1.

 	
 Total Funded
 Debt

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   2.

 	
 Excess Cash

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   3.

 	
 Line B1
 minus B2

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   4.

 	
 Net Income
 for past 12 calendar months

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   5.

 	
 Interest
 Expense for past 12 calendar months

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   6.

 	
 Income taxes
 for past 12 calendar months

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   7.

 	
 Depreciation
 of fixed assets for past 12 calendar months

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   8.

 	
 Amortization
 of intangible assets during part 12 calendar months

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   9.

 	
 Sum of Lines
 B4, B5, B6, B8 and B9

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 10.

 	
 Adjustments resulting from Acquisitions
 during past 12 calendar months (whether positive or negative)

 	
  

 	
 $________

 

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 11.

 	
 Sum of Lines
 B9 and B10

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 12.

 	
 Ratio of
 Line B3 to Line B11

 	
  

 	
   ________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 13.

 	
 Ratio of
 Line B11 shall not be more than

 	
  

 	
 3.25 to 1  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 14.

 	
 Borrower is
 in Compliance

 	
  

 	
 Yes/No   

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 C.

 	
 INTEREST COVERAGE RATIO (SECTION 7.8)

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
   1.

 	
 Net Income
 for past 12 calendar months

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   2.

 	
 Interest
 Expenses for past 12 calendar months

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   3.

 	
 Income taxes
 for past 12 calendar months

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   4.

 	
 Sum of Lines
 C1, C2 and C3

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   5.

 	
 Adjustments
 resulting from Acquisitions of the past 12 calendar months (whether positive
 or negative)

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   6.

 	
 Sum of Line
 C4 and C5

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   7.

 	
 Interest
 Expense for past 12 calendar months

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   8.

 	
 All interest
 income received during past 12 calendar months

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   9.

 	
 Line C7
 minus Line C8

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 10.

 	
 Ratio of
 Line C6 to Line C9

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 11.

 	
 C10 shall
 not be less than

 	
  

 	
 2.5 to 1  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 12.

 	
 Borrower is
 in Compliance

 	
  

 	
 Yes/No   

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 D.

 	
 CAPITAL AND OTHER RESTRICTED EXPENDITURES (SECTION 7.13)

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
   1.

 	
 Capital Expenditures (not including Capital
 Expenditures which constitute Permitted Acquisitions)

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   2.

 	
 Face amount of Letters of Credit issued
 during past 12 calendar months

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   3.

 	
 Aggregate amount expended to guarantee
 Indebtedness for Money Borrowed for any Strategic Venture (not including
 capital stock of the Borrower)

 	
  

 	
 $________

 

-2-

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   4.

 	
 Sum of Lines D1, D2 and D3

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   5.

 	
 2.00% of the arithmetic average of
 unrealized revenue from contracts in progress as of last day of past four
 calendar quarters then ended

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   6.

 	
 Net cash proceeds from the sale of assets
 for past four calendar quarters then ended

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   7.

 	
 Maximum amount of dividends which company
 could pay as of date of expenditure or application in question

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   8.

 	
 Sum of Lines D5, D6 and D7

 	
  

 	
 $________

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
   9.

 	
 Line D4 shall not exceed Line D8

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 10.

 	
 Borrower is in Compliance

 	
  

 	
 Yes/No   

 

-3-

EXHIBIT D

ASSIGNMENT AND ACCEPTANCE

Dated _____________, _____

          Reference is
made to the Term Loan Agreement dated as of _________________ (as extended,
renewed, amended or restated from time to time, the “Term Loan Agreement”) among
EMCOR Group, Inc., the Guarantors party thereto, the Lenders party thereto, and
Bank of Montreal, as Administrative Agent (the “Administrative Agent”). Terms
defined in the Term Loan Agreement are used herein with the same meaning.

          ______________________________________________________
(the “Assignor”)
and _________________________ (the “Assignee”) agree as follows:

	
  

 	
  

 
	
  

 	
           1.
 The Assignor hereby sells and assigns to the Assignee, and the Assignee
 hereby purchases and assumes from the Assignor, the amount and specified
 percentage interest shown on Annex I hereto of the Assignor’s rights and
 obligations under the Term Loan Agreement as of the Effective Date (as
 defined below), including, without limitation, the Assignor’s Commitments as
 in effect on the Effective Date and the Loans, if any, owing to the Assignor
 on the Effective Date.

 
	
  

 	
  

 
	
  

 	
           2.
 The Assignor (i) represents and warrants that it is the legal and
 beneficial owner of the interest being assigned by it hereunder and that such
 interest is free and clear of any adverse claim, lien, or encumbrance of any
 kind; (ii) makes no representation or warranty and assumes no
 responsibility with respect to any statements, warranties or representations
 made in or in connection with the Term Loan Agreement or the execution,
 legality, validity, enforceability, genuineness, sufficiency or value of the
 Term Loan Agreement or any other instrument or document furnished pursuant
 thereto; and (iii) makes no representation or warranty and assumes no
 responsibility with respect to the financial condition of the Borrower or any
 Subsidiary or the performance or observance by the Borrower or any Subsidiary
 of any of their respective obligations under the Term Loan Agreement or any
 other instrument or document furnished pursuant thereto.

 
	
  

 	
  

 
	
  

 	
           3.
 The Assignee (i) confirms that it has received a copy of the Term Loan
 Agreement, together with copies of the most recent financial statements
 delivered to the Lenders pursuant to Section 7.5 thereof and such other
 documents and information as it has deemed appropriate to make its own credit
 analysis and decision to enter into this Assignment and Acceptance;
 (ii) agrees that it will, independently and without reliance upon the
 Administrative Agent, the Assignor or any other Lender and based on such
 documents and information as it shall deem appropriate at the time, continue
 to make its own credit decisions in taking or not taking action under the
 Term Loan Agreement; (iii) appoints and authorizes the Administrative
 Agent to take such action as Administrative Agent on its behalf and to
 exercise such powers under the Term Loan Agreement and the other Loan
 Documents as are delegated to the Administrative Agent 

 

	
  

 	
  

 
	
  

 	
 by the terms
 thereof, together with such powers as are reasonably incidental thereto;
 (iv) agrees that it will perform in accordance with their terms all of
 the obligations which by the terms of the Term Loan Agreement are required to
 be performed by it as a Lender; and (v) specifies as its lending office
 (and address for notices) the offices set forth on its Administrative
 Questionnaire.

 
	
  

 	
  

 
	
  

 	
           4.
 As consideration for the assignment and sale contemplated in Annex I
 hereof, the Assignee shall pay to the Assignor on the Effective Date in
 Federal funds the amount agreed upon between them. It is understood that
 commitment and/or letter of credit fees accrued to the Effective Date with
 respect to the interest assigned hereby are for the account of the Assignor
 and such fees accruing from and including the Effective Date are for the
 account of the Assignee. Each of the Assignor and the Assignee hereby agrees
 that if it receives any amount under the Term Loan Agreement which is for the
 account of the other party hereto, it shall receive the same for the account
 of such other party to the extent of such other party’s interest therein and
 shall promptly pay the same to such other party.

 
	
  

 	
  

 
	
  

 	
           5.
 The effective date for this Assignment and Acceptance shall be ___________
 (the “Effective
 Date”). Following the execution of this Assignment and Acceptance,
 it will be delivered to the Administrative Agent for acceptance and recording
 by the Administrative Agent and, if required, the Borrower.

 
	
  

 	
  

 
	
  

 	
           6.
 Upon such acceptance and recording, as of the Effective Date, (i) the
 Assignee shall be a party to the Term Loan Agreement and, to the extent
 provided in this Assignment and Acceptance, have the rights and obligations
 of a Lender thereunder and (ii) the Assignor shall, to the extent
 provided in this Assignment and Acceptance, relinquish its rights and be
 released from its obligations under the Term Loan Agreement.

 
	
  

 	
  

 
	
  

 	
           7.
 Upon such acceptance and recording, from and after the Effective Date, the
 Administrative Agent shall make all payments under the Term Loan Agreement in
 respect of the interest assigned hereby (including, without limitation, all
 payments of principal, interest and commitment fees with respect thereto) to
 the Assignee. The Assignor and Assignee shall make all appropriate
 adjustments in payments under the Term Loan Agreement for periods prior to
 the Effective Date directly between themselves.

 

D-2

	
  

 	
  

 
	
  

 	
           8.
 This Assignment and Acceptance shall be governed by, and construed in
 accordance with, the laws of the State of Illinois.

 

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 [ASSIGNOR LENDER]

 
	
  

 	
  

 
	
  

 	
 By

 	
  

 	
  

 
	
  

 	
  

 	
 

 
	
  

 	
 Name

 	
  

 
	
  

 	
  

 	
  

 	
 

 
	
  

 	
 Title

 	
  

 
	
  

 	
  

 	
 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 [ASSIGNEE LENDER]

 

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 By

 	
  

 	
  

 
	
  

 	
  

 	
 

 
	
  

 	
 Name

 	
  

 
	
  

 	
  

 	
  

 	
 

 
	
  

 	
 Title

 	
  

 
	
  

 	
  

 	
 

 

Accepted and consented this

____ day of _____________

 EMCOR GROUP, INC.

	
  

 	
  

 	
  

 
	
 By

 	
  

 	
  

 
	
  

 	
 

 
	
  

 	
  Name

 
	
  

 	
  

 	
 

 
	
  

 	
  Title

 
	
  

 	
 

 

Accepted and consented to by the Administrative

Agent this ___ day of ________

BANK OF MONTREAL, 
as Administrative Agent

	
  

 	
  

 	
  

 
	
 By

 	
  

 	
  

 
	
  

 	
 

 
	
  

 	
  Name

 
	
  

 	
  

 	
 

 
	
  

 	
  Title

 
	
  

 	
 

 

D-3

ANNEX I

TO
ASSIGNMENT AND ACCEPTANCE

          The
assignee hereby purchases and assumes from the assignor the following interest
in and to all of the Assignor’s rights and obligations under the Term Loan
Agreement as of the effective date.

	
  

 	
  

 	
  

 	
  

 
	
 FACILITY ASSIGNED 

 	
 AGGREGATE 

COMMITMENT/LOANS
 FOR
ALL LENDERS 

 	
 AMOUNT OF 

COMMITMENT/LOANS 

ASSIGNED 

 	
 PERCENTAGE ASSIGNED 
OF
COMMITMENT/LOANS 

 
	
  

 	
  

 	
  

 	
  

 
	
 Term Loan

 	
 $_____________

 	
 $_____________

 	
 _____%

 

EXHIBIT E

NOTICE OF
BORROWING

Date:____________ , ____

	
  

 	
  

 
	
 To:

 	
 Bank of
 Montreal, as Administrative Agent for the Lenders parties to the Term Loan
 Agreement dated as of September 19, 2007 (as extended, renewed, amended or
 restated from time to time, the “Term Loan Agreement”), among EMCOR
 Group, Inc., certain Lenders which are signatories thereto, and Bank of
 Montreal, as Administrative Agent

 

Ladies and
Gentlemen:

          The
undersigned, EMCOR Group, Inc. (the “Borrower”), refers to the Term Loan
Agreement, the terms defined therein being used herein as therein defined, and
hereby gives you notice irrevocably, pursuant to Section 1.3 of the Term
Loan Agreement, of the Borrowing specified below:

	
  

 	
  

 
	
  

 	
           1.
 The Business Day of the proposed Borrowing is ___________, ____.

 
	
  

 	
  

 
	
  

 	
           2.
 The aggregate amount of the proposed Borrowing is $______________.

 
	
  

 	
  

 
	
  

 	
           3.
 The Borrowing is to be comprised of $___________ of [Base Rate] [Eurodollar]
 Loans.

 
	
  

 	
  

 
	
  

 	
           [4.
 The duration of the Interest Period for the Eurodollar Loans included in the
 Borrowing shall be ____________ months.]

 

          The
undersigned hereby certifies that the following statements are true on the date
hereof, and will be true on the date of the proposed Borrowing, before and
after giving effect thereto and to the application of the proceeds therefrom:

	
  

 	
  

 
	
  

 	
           (a)
 the representations and warranties of the Borrower contained in
 Section 5 of the Term Loan Agreement are true and correct as though made
 on and as of such date (except to the extent such representations and warranties
 relate to an earlier date, in which case they are true and correct as of such
 date); and

 
	
  

 	
  

 
	
  

 	
           (b)
 no Default or Event of Default has occurred and is continuing or would result
 from such proposed Borrowing.

 

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 EMCOR GROUP, INC.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 By

 	
  

 	
  

 
	
  

 	
  

 	
 

 
	
  

 	
 Name

 	
  

 
	
  

 	
  

 	
  

 	
 

 
	
  

 	
 Title

 	
  

 
	
  

 	
  

 	
 

 

EXHIBIT F

NOTICE OF
CONTINUATION/CONVERSION

Date: ____________, ____

	
  

 	
  

 
	
 To:

 	
 Bank of
 Montreal, as Administrative Agent for the Lenders parties to the Term Loan
 Agreement dated as of September 19, 2007 (as extended, renewed, amended or
 restated from time to time, the “Term Loan Agreement”) among EMCOR
 Group, Inc., certain Lenders which are signatories thereto, and Bank of
 Montreal, as Administrative Agent

 

Ladies and
Gentlemen:

          The
undersigned, EMCOR Group, Inc. (the “Borrower”), refers to the Term Loan
Agreement, the terms defined therein being used herein as therein defined, and
hereby gives you notice irrevocably, pursuant to Section 1.3 of the Term
Loan Agreement, of the [conversion] [continuation] of the Loans
specified herein, that:

	
  

 	
  

 
	
  

 	
           1.
 The conversion/continuation Date is __________, ____.

 
	
  

 	
  

 
	
  

 	
           2.
 The aggregate amount of the Term Loans to be [converted] [continued] is
 $______________.

 
	
  

 	
  

 
	
  

 	
           3.
 The Loans are to be [converted into] [continued as] [Eurodollar] [Base Rate]
 Loans.

 
	
  

 	
  

 
	
  

 	
           4.
 [If
 applicable:] The duration of the Interest Period for the Term Loans
 included in the [conversion] [continuation] shall be
 _________ months.

 

          The
undersigned hereby certifies that the following statements are true on the date
hereof, and will be true on the proposed conversion/continuation date, before
and after giving effect thereto and to the application of the proceeds
therefrom:

	
  

 	
  

 
	
  

 	
           (a)
 the representations and warranties of the Borrower contained in
 Section 6 of the Term Loan Agreement are true and correct as though made
 on and as of such date (except to the extent such representations and
 warranties relate to an earlier date, in which case they are true and correct
 as of such date); provided, however, that this condition
 shall not apply to the conversion of an outstanding Eurodollar Loan to a Base
 Rate Loan; and

 
	
  

 	
  

 
	
  

 	
           (b)
 no Default or Event of Default has occurred and is continuing, or would
 result from such proposed [conversion] [continuation].

 

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 EMCOR GROUP, INC.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 By

 	
  

 	
  

 
	
  

 	
  

 	
 

 
	
  

 	
 Name

 	
  

 
	
  

 	
  

 	
  

 	
 

 
	
  

 	
 Title

 	
  

 
	
  

 	
  

 	
 

 

EXHIBIT
G

COMMITMENT
AMOUNT INCREASE REQUEST

_______________,
____

	
 

	
 

	
To:

	
Bank of Montreal, as Administrative Agent for the
  Lenders parties to the Term Loan Agreement dated as of September 19, 2007 (as
  extended, renewed, amended or restated from time to time, the “Term Loan
  Agreement”), among EMCOR
  GROUP, INC., certain Lenders which are signatories thereto, and Bank
  of Montreal, as Administrative Agent

Ladies and Gentlemen:

          The
undersigned, EMCOR GROUP, INC.
(the “Borrower”)
hereby refers to the Term Loan Agreement and requests that the Administrative
Agent consent to an increase the aggregate outstanding principal amount of the
Term Loans (the “Commitment Amount Increase”), in accordance with Section
1.7 of the Credit Agreement, to be effected by [an increase in the outstanding Term
Loan] of [name of existing Lender] [the addition of [name of new Lender] (the “New Lender”)
as a Lender under the terms of the Credit Agreement]. Capitalized
terms used herein without definition shall have the same meanings herein as
such terms have in the Credit Agreement.

          After
giving effect to such Commitment Amount Increase, the outstanding balance of
Term Loans of the [Lender] [New Lender] shall be
$_____________.

[Include paragraphs 1-4 for a New
Lender]

          1.
The New Lender hereby confirms that it has received a copy of the Loan
Documents and the exhibits related thereto, together with copies of the
documents which were required to be delivered under the Term Loan Agreement as
a condition to the making of the Loans and other extensions of credit
thereunder. The New Lender acknowledges and agrees that it has made and will
continue to make, independently and without reliance upon the Administrative
Agent or any other Lender and based on such documents and information as it has
deemed appropriate, its own credit analysis and decisions relating to the Term
Loan Agreement. The New Lender further acknowledges and agrees that the
Administrative Agent has not made any representations or warranties about the
credit worthiness of the Borrower or any other party to the Term Loan Agreement
or any other Loan Document or with respect to the legality, validity,
sufficiency or enforceability of the Term Loan Agreement or any other Loan
Document or the value of any security therefor.

          2.
Except as otherwise provided in the Term Loan Agreement, effective as of the
date of [acknowledgment]
[acceptance]
hereof by the Administrative Agent, the New Lender (i) shall be deemed
automatically to have become a party to the Term Loan Agreement and have

all the rights and obligations of a “Lender”
under the Term Loan Agreement as if it were an original signatory thereto and
(ii) agrees to be bound by the terms and conditions set forth in the Term Loan
Agreement as if it were an original signatory thereto.

          3.
The New Lender shall deliver to the Administrative Agent an Administrative
Questionnaire.

          [4.
The New Lender has delivered, if appropriate, to the Borrower and the
Administrative Agent (or is delivering to the Borrower and the Administrative
Agent concurrently herewith) the tax forms referred to in Section 11.1 of the
Term Loan Agreement.]*

          THIS
AGREEMENT SHALL BE DEEMED TO BE A CONTRACTUAL OBLIGATION UNDER, AND SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF ILLINOIS.

          The
Commitment Amount Increase shall be effective when the executed [consent] [acknowledgement]
of the Administrative Agent is received or otherwise in accordance with Section
1.7 of the Term Loan Agreement, but not in any case prior to
___________________, ____. It shall be a condition to the effectiveness of the
Commitment Amount Increase that all expenses referred to in Section 1.7 of the
Term Loan Agreement that have been invoiced to the appropriate party shall have
been paid, if then due.

          The
Borrower hereby certifies that no Default or Event of Default has occurred and
is continuing.

          Please
indicate the Administrative Agent’s [consent] [acknowledgment] to such
Commitment Amount Increase by signing the enclosed copy of this letter in the
space provided below.

	
 

	
 

	

	
*

	
Insert bracketed paragraph if New Lender is
  organized under the law of a jurisdiction other than the United States of
  America or a state thereof.

G-2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Very truly yours,

	
 

	
 

	
 

	
 

	
 

	
EMCOR GROUP, INC.

	
 

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
Name:

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
[NEW OR EXISTING LENDER INCREASING
  COMMITMENTS]

	
 

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
Name

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
Title

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
The undersigned hereby [consents [acknowledges] on
  this __ day of _____________, _____ to the above-requested Commitment Amount
  Increase.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
BANK OF MONTREAL, as Administrative Agent

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Name

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title

	
 

	
 

	
 

	
 

	

	
 

G-3

SCHEDULE
1.1

COMMITMENTS

	
 

	
 

	
 

	
 

	
LENDER 

	
COMMITMENT 

	
 

	
PERCENTAGE 

	

	

	
 

	

	
 

	
 

	
 

	
 

	
Keybank National Association

	
$25,000,000

	
 

	
8.33%

	
 

	
 

	
 

	
 

	
U.S. Bank, National Association

	
$25,000,000

	
 

	
8.33%

	
 

	
 

	
 

	
 

	
BMO Capital Markets Financing, Inc.

	
$22,500,000

	
 

	
7.50%

	
 

	
 

	
 

	
 

	
Fifth Third Bank

	
$22,500,000

	
 

	
7.50%

	
 

	
 

	
 

	
 

	
RBS Citizens, National Association

	
$20,000,000

	
 

	
6.67%

	
 

	
 

	
 

	
 

	
Wachovia Bank, N.A.

	
$17,500,000

	
 

	
5.83%

	
 

	
 

	
 

	
 

	
The Prudential Insurance Company of America

	
$17,500,000

	
 

	
5.83%

	
 

	
 

	
 

	
 

	
JP Morgan Chase Bank, N.A.

	
$17,500,000

	
 

	
5.83%

	
 

	
 

	
 

	
 

	
HSBC Bank USA, National Association

	
$15,000,000

	
 

	
5.00%

	
 

	
 

	
 

	
 

	
TD Banknorth N.A.

	
$15,000,000

	
 

	
5.00%

	
 

	
 

	
 

	
 

	
National City Bank

	
$15,000,000

	
 

	
5.00%

	
 

	
 

	
 

	
 

	
RZB Finance LLC

	
$10,000,000

	
 

	
3.33%

	
 

	
 

	
 

	
 

	
Bank of America, N.A.

	
$10,000,000

	
 

	
3.33%

	
 

	
 

	
 

	
 

	
Commerzbank AG

	
$10,000,000

	
 

	
3.33%

	
 

	
 

	
 

	
 

	
Citibank NA

	
$10,000,000

	
 

	
3.33%

	
 

	
 

	
 

	
 

	
Wells Fargo Bank, National Association

	
$10,000,000

	
 

	
3.33%

	
 

	
 

	
 

	
 

	
Commerce Bank, N.A.

	
$10,000,000

	
 

	
3.33%

	
 

	
 

	
 

	
 

	
The Northern Trust Company

	
$10,000,000

	
 

	
3.33%

	
 

	
 

	
 

	
 

	
MB Financial, N.A.

	
$7,500,000

	
 

	
2.50%

	
 

	
 

	
 

	
 

	
LENDER 

	
COMMITMENT 

	
 

	
PERCENTAGE 

	

	

	
 

	

	
 

	
 

	
 

	
 

	
LaSalle Bank National Association

	
$5,000,000

	
 

	
1.67%

	
 

	
 

	
 

	
 

	
Webster Bank, National Association

	
$5,000,000

	
 

	
1.67%

	
 

	
 

	
 

	
 

	
        
              TOTAL

	
$300,000,000

	
 

	
100%

	
 

	

	
 

	

-2-

SCHEDULE
4.2

THE
GUARANTORS

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME 

	
 

	
JURISDICTION
OF

INCORPORATION 

	
 

	
PERCENTAGE

OWNERSHIP 

	
 

	
OWNER 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Aircond
  Corporation

	
 

	
Georgia

	
 

	
100%

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Betlem
  Service Corporation

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
CES Facilities
  Management Services, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Combustioneer
  Corporation

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Services
  Midwest, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Trimech Plumbing
  L.L.C.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR Services
  New York/New Jersey, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Viox Services,
  Inc.

	
 

	
Ohio

	
 

	
100%

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dyn Specialty
  Contracting, Inc.

	
 

	
Virginia

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric
  Company

	
 

	
Delaware

	
 

	
100%

	
 

	
DYN Specialty
  Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric
  Company of Nevada

	
 

	
Nevada

	
 

	
100%

	
 

	
DYN Specialty
  Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Contra Costa
  Electric, Inc.

	
 

	
California

	
 

	
100%

	
 

	
DYN Specialty
  Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
B&B Contracting
  & Supply Company

	
 

	
Texas

	
 

	
100%

	
 

	
DYN Specialty
  Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
KDC Inc.

	
 

	
California

	
 

	
100%

	
 

	
DYN Specialty
  Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
  Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Heritage
  Mechanical Services, Inc.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Welsbach
  Electric Corp.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Forest Electric
  Corp.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Welsbach
  Electric Corp. of L.I.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Penguin Maintenance
  and Services Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Penguin Air
  Conditioning Corp.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Inte-Fac Corp.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR Mechanical/Electrical
  Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
R. S. Harritan
  & Company, Inc.

	
 

	
Virginia

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME 

	
 

	
JURISDICTION
OF

INCORPORATION 

	
 

	
PERCENTAGE

OWNERSHIP 

	
 

	
OWNER 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
J.C. Higgins
  Corp.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Illingworth
  Corporation

	
 

	
Wisconsin

	
 

	
100%

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
New England
  Mechanical Services of Massachusetts, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
New England
  Mechanical Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
New England
  Mechanical Services, Inc.

	
 

	
Connecticut

	
 

	
100%

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Labov
  Mechanical, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
J.C. Higgins
  Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Midland Fire
  Protection, Inc.

	
 

	
Rhode Island

	
 

	
100%

	
 

	
J.C. Higgins
  Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Labov Plumbing,
  Inc.

	
 

	
Delaware

	
 

	
90%

	
 

	
Labov
  Mechanical, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Duffy Mechanical
  Corp.

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Hyre
  Electric Co. of Indiana, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric
  Company of Ohio

	
 

	
Ohio

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Gibson Electric
  Co., Inc.

	
 

	
New Jersey

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric of
  Michigan, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
University
  Mechanical & Engineering Contractors, Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Pace Mechanical
  Services, Inc.

	
 

	
Michigan

	
 

	
100%

	
 

	
University
  Mechanical & Engineering Contractors, Inc., a California corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Fred B.
  DeBra Co.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
University
  Mechanical & Engineering Contractors, Inc.

	
 

	
Arizona

	
 

	
100%

	
 

	
University
  Mechanical & Engineering Contractors, Inc., a California corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Hansen
  Mechanical Contractors, Inc.

	
 

	
Nevada

	
 

	
100%

	
 

	
University
  Mechanical & Engineering Contractors, Inc., a California corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Trautman &
  Shreve, Inc.

	
 

	
Colorado

	
 

	
100%

	
 

	
University
  Mechanical & Engineering Contractors, Inc., a California corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Gowan,
  Inc.

	
 

	
Texas

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
  International Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Marelich
  Mechanical Co., Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Design Air,
  Limited

	
 

	
Washington

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
S.A. Comunale
  Co., Inc.

	
 

	
Ohio

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
University
  Marelich Mechanical, Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Energy
  Services, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

-2-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME 

	
 

	
JURISDICTION
OF

INCORPORATION 

	
 

	
PERCENTAGE

OWNERSHIP 

	
 

	
OWNER 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Mesa Energy
  Systems, Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Services
  Northeast, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Services
  New York/New Jersey, Inc.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Building
  Technology Engineers, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
BTE Service, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Fluidics, Inc.

	
 

	
Pennsylvania

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Air Systems,
  Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Monumental
  Investment Corporation

	
 

	
Maryland

	
 

	
100%

	
 

	
MES Holdings
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Poole and
  Kent Corporation

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
  Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Poole and Kent -
  Connecticut, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
  Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Poole and Kent -
  New England, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
  Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Monumental
  Heating, Ventilating and Air Conditioning Contractors, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
  Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Forti/Poole and
  Kent, L.L.C.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
  Heating, Ventilating and Air Conditioning Contractors, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
HVAC, Ltd.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
  Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Great Monument
  Construction Company

	
 

	
Maryland

	
 

	
100%

	
 

	
HVAC, Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Atlantic Coast
  Mechanical, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
HVAC, Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Poole and
  Kent Company

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
  Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Poole & Kent
  Company of Florida

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR-CSI
  Holding Co.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
CSUSA Holdings
  L. L. C.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
CS48 Acquisition
  Corp.

	
 

	
Delaware

	
 

	
100%

	
 

	
CSUSA Holdings,
  LLC

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Shambaugh &
  Son, L.P.

	
 

	
Texas

	
 

	
General Partner

	
 

	
CSUSA Holdings,
  LLC

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Texas

	
 

	
Limited Partner

	
 

	
CS48 Acquisition
  Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Border Electric
  Co., L.P.

	
 

	
Texas

	
 

	
General Partner

	
 

	
CSUSA Holdings,
  LLC

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Texas

	
 

	
Limited Partner

	
 

	
CS48 Acquisition
  Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Border
  Mechanical Co., L.P.

	
 

	
Texas

	
 

	
General Partner

	
 

	
CSUSA Holdings,
  LLC

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Texas

	
 

	
Limited Partner

	
 

	
CS48 Acquisition
  Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Central
  Mechanical Construction Co., Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
F & G
  Mechanical Corporation

	
 

	
Delaware

	
 

	
90%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
F & G
  Plumbing, Inc.

	
 

	
New Jersey

	
 

	
100%

	
 

	
F & G
  Mechanical Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
F & G
  Management, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

-3-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME 

	
 

	
JURISDICTION
OF

INCORPORATION 

	
 

	
PERCENTAGE

OWNERSHIP 

	
 

	
OWNER 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Hillcrest Sheet
  Metal, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Kilgust
  Mechanical, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI Holding
  Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Kuempel Service,
  Inc.

	
 

	
Ohio

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Lowrie Electric
  Company, Inc.

	
 

	
Tennessee

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Mandell
  Mechanical Corporation

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Maximum
  Refrigeration & Air Conditioning Corp.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Meadowlands Fire
  Protection Corp.

	
 

	
New Jersey

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
North Jersey
  Mechanical Contractors, Inc.

	
 

	
New Jersey

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Nogle &
  Black Mechanical, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Fagan
  Company

	
 

	
Kansas

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Walker-J-Walker,
  Inc.

	
 

	
Tennessee

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
MES Holdings Corporation

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR Group,
  Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
FR X Ohmstede
  Acquisitions Co.*

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
HNT Holdings
  Inc.*

	
 

	
Delaware

	
 

	
100%

	
 

	
FR X Ohmstede
  Acquisitions Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede
  Partners LLC*

	
 

	
Delaware

	
 

	
100%

	
 

	
HNT Holdings
  Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede
  Holdings LLC*

	
 

	
Delaware

	
 

	
100%

	
 

	
HNT Holdings
  Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede Ltd.*

	
 

	
Texas

	
 

	
1%

	
 

	
Ohmstede
  Partners LLC

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
99%

	
 

	
Ohmstede
  Holdings LLC

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede
  Industrial Services, Inc.*

	
 

	
Texas

	
 

	
100%

	
 

	
Ohmstede Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Beaumont Real
  Estate Holding Company*

	
 

	
Texas

	
 

	
100%

	
 

	
Ohmstede Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
*Effective upon
  the acquisition of FR X Ohmstede Acquisitions Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
by EMCOR Group, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

-4-

SCHEDULE
5.2

SUBSIDIARIES

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME 

	
 

	
JURISDICTION
OF

INCORPORATION 

	
 

	
PERCENTAGE

OWNERSHIP 

	
 

	
OWNER 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Aircond
  Corporation

	
 

	
Georgia

	
 

	
100%

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Aircond Atlanta
  Corporation

	
 

	
Georgia

	
 

	
100%

	
 

	
Aircond
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Betlem
  Service Corporation

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
CES Facilities
  Management Services, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Combustioneer
  Corporation

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Services
  Midwest, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Illingworth
  Corporation

	
 

	
Wisconsin

	
 

	
100%

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
New England
  Mechanical Services of Massachusetts, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
New England
  Mechanical Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
New England
  Mechanical Services, Inc.

	
 

	
Connecticut

	
 

	
100%

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Trimech
  Plumbing, L.L.C.

	
 

	
Delaware

	
 

	
90%

	
 

	
EMCOR Services
  New York/New Jersey, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Viox Services,
  Inc.

	
 

	
Ohio

	
 

	
100%

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
DYN Specialty
  Contracting, Inc.

	
 

	
Virginia

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric
  Company

	
 

	
Delaware

	
 

	
100%

	
 

	
DYN Specialty
  Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric
  Company of Nevada

	
 

	
Nevada

	
 

	
100%

	
 

	
DYN Specialty
  Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Contra Costa
  Electric, Inc.

	
 

	
California

	
 

	
100%

	
 

	
DYN Specialty
  Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
B&B
  Contracting & Supply Company

	
 

	
Texas

	
 

	
100%

	
 

	
DYN Specialty
  Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
KDC, Inc.

	
 

	
California

	
 

	
100%

	
 

	
DYN Specialty
  Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Construction
  Services, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
  Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Defender
  Indemnity, Ltd.

	
 

	
Vermont

	
 

	
100%

	
 

	
EMCOR Risk
  Holdings, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Risk
  Holdings, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
  Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
  Mechanical/Electrical Services, (East), Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Heritage
  Mechanical Services, Inc.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Heritage M&
  S, Inc.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Welsbach
  Electric Corp.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Welsbach
  Electric Corp. of L.I.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Forest Electric
  Corp.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME 

	
 

	
JURISDICTION
OF

INCORPORATION 

	
 

	
PERCENTAGE

OWNERSHIP 

	
 

	
OWNER 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Penguin
  Maintenance and Services, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Inte-Fac Corp.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Penguin Air
  Conditioning Corp.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
R.S. Harritan
  & Company, Inc.

	
 

	
Virginia

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
J.C. Higgins
  Corp.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Midland Fire
  Protection, Inc.

	
 

	
Rhode Island

	
 

	
100%

	
 

	
J.C. Higgins
  Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Labov
  Mechanical, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
J.C. Higgins
  Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Labov Plumbing,
  Inc.

	
 

	
Delaware

	
 

	
90%

	
 

	
Labov
  Mechanical, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Duffy Mechanical
  Corp.

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
  Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Mesa Energy
  Systems, Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc. 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Newcomb Anderson
  Associates

	
 

	
California

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Services
  Northeast, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Government
  Services, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Services
  New York/New Jersey, Inc.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Consolidated
  Engineering Services, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
BTE Service,
  Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Building
  Technology Engineers, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Fluidics, Inc.

	
 

	
Pennsylvania

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Air Systems,
  Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Trimech
  Corporation

	
 

	
New Jersey

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Gotham Air
  Conditioning Service, Inc.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric
  Company of Ohio

	
 

	
Ohio

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric
  Company of Michigan

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Gibson Electric
  Co., Inc.

	
 

	
New Jersey

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Hyre Electric
  Co. of Indiana, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Fred B.
  DeBra Co.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
University
  Mechanical & Engineering Contractors, Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR Construction
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
S. A. Comunale
  Co., Inc.

	
 

	
Ohio

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

-2-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME 

	
 

	
JURISDICTION
OF

INCORPORATION 

	
 

	
PERCENTAGE

OWNERSHIP 

	
 

	
OWNER 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
BALCO, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Commonwealth Air
  Conditioning and Heating, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
CommAir, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Pace Mechanical
  Services, Inc.

	
 

	
Michigan

	
 

	
100%

	
 

	
University
  Mechanical & Engineering Contractors, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
University Mechanical
  & Engineering Contractors, Inc.

	
 

	
Arizona

	
 

	
100%

	
 

	
University
  Mechanical & Engineering Contractors, Inc., a California corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
MES Holdings
  Corporation

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR Group,
  Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Hansen
  Mechanical Contractors, Inc.

	
 

	
Nevada

	
 

	
100%

	
 

	
University
  Mechanical & Engineering Contractors, Inc., a California corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Trautman &
  Shreve, Inc.

	
 

	
Colorado

	
 

	
100%

	
 

	
University
  Mechanical & Engineering Contractors, Inc., a California corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Marelich
  Mechanical Co., Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Design Air,
  Limited

	
 

	
Washington

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Gowan,
  Inc.

	
 

	
Texas

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
University
  Marelich Mechanical, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
  Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Energy
  Services, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services, (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
  International, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
  Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Monumental
  Investment Corporation

	
 

	
Maryland

	
 

	
100%

	
 

	
MES Holdings
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Poole and
  Kent Corporation

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
  Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Poole and Kent –
  Connecticut, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
  Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Poole and Kent –
  New England, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
  Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Poole & Kent
  Company of Florida

	
 

	
Delaware

	
 

	
100%

	
 

	
Monumental
  Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Monumental
  Heating, Ventilating and Air Conditioning Contractors, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
  Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Forti/Poole and
  Kent L.L.C.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
  Heating, Ventilating and Air Conditioning Contractors, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
HVAC, Ltd.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
  Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Atlantic Coast
  Mechanical, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
HVAC, Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Great Monument
  Construction Company

	
 

	
Maryland

	
 

	
100%

	
 

	
HVAC, Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Poole and
  Kent Company

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
  Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR-CSI
  Holdings Co.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
  Corporation

-3-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME 

	
 

	
JURISDICTION
OF

INCORPORATION 

	
 

	
PERCENTAGE

OWNERSHIP 

	
 

	
OWNER 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
CSUSA Holdings
  L.L.C.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
CS48 Acquisition
  Corp.

	
 

	
Delaware

	
 

	
100%

	
 

	
CSUSA Holdings
  L.L.C.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Shambaugh &
  Son, L.P.

	
 

	
Texas

	
 

	
General Partner

	
 

	
CSUSA Holdings L.L.C.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Shambaugh &
  Son, L.P.

	
 

	
Texas

	
 

	
Limited Partner

	
 

	
CS48 Acquisition
  Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Border Electric
  Co., L.P.

	
 

	
Texas

	
 

	
General Partner

	
 

	
CSUSA Holdings
  L.L.C.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Border Electric
  Co., L.P.

	
 

	
Texas

	
 

	
Limited Partner

	
 

	
CS48 Acquisition
  Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Border
  Mechanical Co., L.P.

	
 

	
Texas

	
 

	
General Partner

	
 

	
CSUSA Holdings
  L.L.C.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Border
  Mechanical Co., L.P.

	
 

	
Texas

	
 

	
Limited Partner

	
 

	
CS48 Acquisition
  Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
AM Contractors
  1, Inc.

	
 

	
Michigan

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Central Mechanical
  Construction Co., Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
F & G
  Mechanical Corporation

	
 

	
Delaware

	
 

	
90%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
F & G
  Plumbing, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
F & G
  Mechanical Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
F & G
  Management, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
  Holdings, L.L.C. 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Hillcrest Sheet
  Metal, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Kilgust
  Mechanical, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Kuempel Service,
  Inc.

	
 

	
Ohio

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Lowrie Electric
  Company, Inc.

	
 

	
Tennessee

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Mandell
  Mechanical Corporation

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
  Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Maximum
  Refrigeration & Air Conditioning Corp.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Meadowlands Fire
  Protection Corp.

	
 

	
New Jersey

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Nogle &
  Black Mechanical, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
North Jersey
  Mechanical Contractors, Inc.

	
 

	
New Jersey

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Fagan
  Company

	
 

	
Kansas

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Walker-J-Walker,
  Inc.

	
 

	
Tennessee

	
 

	
100%

	
 

	
EMCOR CSI
  Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
FR X Ohmstede
  Acquisitions Co.*

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR Facilities
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
HNT Holdings
  Inc.*

	
 

	
Delaware

	
 

	
100%

	
 

	
FR X Ohmstede
  Acquisitions Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede
  Partners LLC*

	
 

	
Delaware

	
 

	
100%

	
 

	
HNT Holdings
  Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede
  Holdings LLC*

	
 

	
Delaware

	
 

	
100%

	
 

	
HNT Holdings
  Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede LTD.*

	
 

	
Texas

	
 

	
1%

	
 

	
Ohmstede Partners
  LLC

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
99%

	
 

	
Ohmstede
  Holdings LLC

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede
  Industrial Services, Inc.*

	
 

	
Texas

	
 

	
100%

	
 

	
Ohmstede Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Beaumont Real
  Estate Holding Company*

	
 

	
Texas

	
 

	
100%

	
 

	
Ohmstede Ltd. 

-4-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME 

	
 

	
JURISDICTION
OF

INCORPORATION 

	
 

	
PERCENTAGE

OWNERSHIP 

	
 

	
OWNER 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
3072455 Nova
  Scotia Company

	
 

	
Canada

	
 

	
100%

	
 

	
EMCOR
  International, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Comstock Canada,
  Ltd.

	
 

	
Canada

	
 

	
100%

	
 

	
3072454 Nova
  Scotia Company

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
3072454 Nova
  Scotia Company

	
 

	
Canada

	
 

	
100%

	
 

	
EMCOR
  International, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Comstock Power
  Ltd.

	
 

	
Canada

	
 

	
100%

	
 

	
Comstock Canada,
  Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Holdings
  LP

	
 

	
Canada

	
 

	
99%

	
 

	
3072454 Nova
  Scotia Company

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR (UK)
  Limited

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR
  International, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Group (UK)
  plc

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR (UK)
  Limited

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Facilities
  Services Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group (UK)
  plc

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Drake &
  Scull Airport Services, Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group (UK)
  plc

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Energy
  Services, Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group (UK)
  plc

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Drake &
  Scull International, Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group (UK)
  plc

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Rail Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group (UK)
  plc

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Energy Services, Inc.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group (UK)
  plc

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Drake &Scull
  Holdings Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group (UK)
  plc

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Delcommerce
  (Contract Services) Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR (UK)
  Limited

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Drake &
  Scull (Scotland) Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR (UK)
  Limited

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
DSE (Far East)
  Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group (UK)
  plc

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
BL Distribution
  Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR (UK)
  Limited

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Drake &
  Scull Properties, Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR (UK)
  Limited

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Businessland
  Holdings

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group (UK)
  plc

-5-

FOREIGN
SUBSIDIARIES

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME 

	
 

	
JURISDICTION
OF

INCORPORATION 

	
 

	
PERCENTAGE

OWNERSHIP 

	
 

	
OWNER 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Emcor (Cayman
  Islands) Ltd.

	
 

	
Cayman Islands

	
 

	
100%

	
 

	
EMCOR
  International Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Drake &
  Scull (Cayman Islands) No. 2 Limited

	
 

	
Cayman Islands

	
 

	
100%

	
 

	
EMCOR
  International Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Drake
  & Scull International Limited

	
 

	
Jebel Ali Free Zone

	
 

	
100%

	
 

	
Drake &
  Scull (Cayman Islands) Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP Technical
  Services (Malaysia) Sdn Bhd

	
 

	
Malaysia

	
 

	
100%

	
 

	
EMCOR
  International Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Drake &
  Scull France EURL

	
 

	
France

	
 

	
100%

	
 

	
EMCOR Group (UK)
  plc

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Langgit Tinggi
  Sdn Bhd

	
 

	
Malaysia

	
 

	
100%

	
 

	
EMCOR (UK) Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Poole and Kent,
  Ltd.

	
 

	
Bermuda

	
 

	
100%

	
 

	
Monumental
  Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Atlas Indemnity,
  Ltd.

	
 

	
Bermuda

	
 

	
100%

	
 

	
EMCOR Risk
  Holdings, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
University
  Mechanical deMexico S.A. Dec.V.

	
 

	
Mexico

	
 

	
98%

	
 

	
University
  Mechanical & Engineering Contractors, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
*Effective upon
  the acquisition of FR X Ohmstede Acquisitions Co. by EMCOR Group, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

-6-

UNRESTRICTED
SUBSIDIARIES

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME 

	
 

	
JURISDICTION
OF

INCORPORATION 

	
 

	
PERCENTAGE

OWNERSHIP 

	
 

	
OWNER 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Afgo Engineering
  Corp. of Washington

	
 

	
Delaware

	
 

	
100%

	
 

	
Sellco
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Antwerp
  Education Center N.V.

	
 

	
Belgium

	
 

	
100%

	
 

	
Sellco
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Businessland
  Canada Ltd.

	
 

	
Canada

	
 

	
100%

	
 

	
JWP Information
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Businessland
  (Hong Kong) Limited

	
 

	
Hong Kong

	
 

	
100%

	
 

	
JWP Information
  Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Drake &
  Scull France SARL

	
 

	
France

	
 

	
100%

	
 

	
Sellco
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Guzovsky/JWP
  Electrical Inc.

	
 

	
Rhode Island

	
 

	
100%

	
 

	
Sellco
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Jamaica Water
  Securities Corp.

	
 

	
New York

	
 

	
100%

	
 

	
Sellco
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP Espana SA

	
 

	
Spain

	
 

	
100%

	
 

	
Sellco
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP France SARL

	
 

	
France

	
 

	
100%

	
 

	
Sellco
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP/HCII Corp.

	
 

	
Delaware

	
 

	
100%

	
 

	
Sellco
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP Information
  Services, Inc.

	
 

	
California

	
 

	
100%

	
 

	
Sellco
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP Information
  Services SARL

	
 

	
France

	
 

	
100%

	
 

	
Sellco
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP TS Corp.

	
 

	
New Jersey

	
 

	
100%

	
 

	
Sellco
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Micro Avenue

	
 

	
Belgium

	
 

	
100%

	
 

	
Sellco
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
MicroCom

	
 

	
Belgium

	
 

	
100%

	
 

	
Sellco
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Sivea Benelux

	
 

	
Belgium

	
 

	
100%

	
 

	
Sellco
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
SLR Constructors
  Inc.

	
 

	
New York

	
 

	
100%

	
 

	
Sellco
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Teletime Limited

	
 

	
Ontario

	
 

	
100%

	
 

	
Sellco
  Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Sellco
  Corporation

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR Group,
  Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP Energy
  Products, Inc.

	
 

	
Idaho

	
 

	
100%

	
 

	
EMCOR Group,
  Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP Telecom,
  Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR Group,
  Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Standard
  Telecommunications Equipment, Inc.

	
 

	
New Jersey

	
 

	
100%

	
 

	
JWP Telecom,
  Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
MEC
  Constructors, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
MEC
  Constructors, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP Technical
  Services (C.N.M.I.), Inc.

	
 

	
Northern Marianas

	
 

	
100%

	
 

	
MEC
  Constructors, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP Thailand
  Ltd.

	
 

	
Thailand

	
 

	
100%

	
 

	
MEC
  Constructors, Inc.

-7-

SCHEDULE
5.9

LITIGATION

          The
information set forth in the Legal Proceedings Sections of the Company’s Form
10-K for the year ended December 31, 2006 and of the Company’s Form 10-Q for
the Quarter ended June 30, 2007 is hereby incorporated herein by reference
thereto.

SCHEDULE
7.10

INDEBTEDNESS

	
 

	
 

	
 

	
1.

	
Monumental Investment Corp.

	
 

	
 

	
 

	
Monumental is obligated in respect of obligations
  arising out of or incurred in connection with the sale of by the Maryland
  Energy Financing Administration (the “Administration”) of Maryland Energy
  Financing Administration Limited Obligation Local District Cooling Facilities
  Revenue Bonds (Comfort Link Project) 2001 series in the principal amount of
  $25,000,000 and the loan in December 2001 of such bond proceeds by the
  Administration to District Chilled Water General Partnership d/b/a Comfort
  Link (“Comfort Link”) of which Monumental is a general partner, including
  Monumental’s obligations to guarantee the payment of such indebtedness and
  related costs and expenses by Comfort Link.

	
 

	
 

	
2.

	
EMCOR Group, Inc. and various EMCOR Subsidiaries

	
 

	
 

	
 

	
a.

	
$2.0 million payable under finance leases and
  purchase money mortgages.

	
 

	
 

	
 

	
b.

	
EMCOR and its subsidiaries have guaranteed the
  obligations of one another in respect of bonds issued by surety companies.
  Certain of these obligations are secured by a lien upon the assets of each
  guarantor.

	
 

	
 

	
3.

	
EMCOR Group (UK) plc

	
 

	
 

	
 

	
D&S and EMCOR (UK) Limited are guarantors of a
  Saudi Investment Bank credit facility of NESMA EMCOR Saudi Arabia Ltd. which
  guaranteed amount is not to exceed £450,000 (approximately $625,000).

	
 

	
 

	
4.

	
The information contained in Schedules 7.11 and 7.12
  is hereby incorporated herein by reference thereto. 

SCHEDULE
7.11

LIENS

	
 

	
 

	
 

	
1.

	
EMCOR and various EMCOR Subsidiaries

	
 

	
 

	
 

	
a.

	
EMCOR subsidiaries have obtained bonds from surety
  companies. The agreements pursuant to which the bonds were issued and will be
  issued in the future provide that EMCOR and most EMCOR subsidiaries agree to
  hold such surety companies harmless in respect of such bonds and grant liens
  upon certain of their assets in favor of the bonding companies to secure such
  “hold harmless” obligations.

	
 

	
 

	
 

	
 

	
b.

	
Miscellaneous finance leases and purchase money
  mortgages of EMCOR subsidiaries approximately $2.0 million.

	
 

	
 

	
 

	
2.

	
UK Companies

	
 

	
 

	
 

	
a.

	
Letter of Charge in favor of The Bank of Scotland by
  EMCOR Group (IK) plc. 

	
 

	
 

	
 

	
 

	
c.

	
Bank Account Security Deed relating to Peacehaven
  Schools PFI Project in favor of ING Bank by EMCOR Facilities Services
  Limited.

SCHEDULE
7.12

INVESTMENTS,
LOANS, ADVANCES AND GUARANTIES

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
INVESTMENTS

	
 

	
AMOUNT
  OF INVESTMENT

	
 

	
PAYEE
  OR HOLDER

	
 

	

	
 

	

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
1.

	
State of Israel Bonds

	
 

	
$40,000 aggregate principal amount

	
 

	
Welsbach Electric Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
2.

	
Colony Holdings Ltd. (Bermuda)

	
 

	
60,000 shares —12% interest

	
 

	
Monumental Investment Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
3.

	
District Chilled Water Partnership

	
 

	
40% General Partnership in interest; equity
  approximately $20,000,000

	
 

	
Monumental Investment Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
4.

	
Baltimore Ravens

	
 

	
License (right) for 16 seats

	
 

	
The Poole & Kent Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
5.

	
T.P.C. of Boston

	
 

	
$35,000 investment in country club membership

	
 

	
J. C. Higgins Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
6.

	
Cash Surrender Value of split dollar insurance
  policy

	
 

	
$1,229,000

	
 

	
Penguin Air Condition Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
7.

	
Specialty Trade Insurance Borrower

	
 

	
$15,000 investment in mutual insurance company

	
 

	
Shambaugh & Son, LP

	
 

	
 

	
 

	
 

	
 

	
 

	
8.

	
Cash Surrender Value of split dollar life insurance
  policy

	
 

	
$709,000

	
 

	
Shambaugh & Son, LP

	
 

	
 

	
 

	
 

	
 

	
 

	
9.

	
EMCOR Facilities Services Ltd. (UAE)

	
 

	
25% Interest

	
 

	
EMCOR (Cayman Islands) No. 2 Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
10.

	
F&G Mechanical Inc. (New York)

	
 

	
90 shares – 45% interest

	
 

	
F&G Mechanical Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
11.

	
C & H Services LLC*

	
 

	
50% Interest

	
 

	
Ohmstede Ltd.

	
 

	
 

	

	
*

	
Effective upon the acquisition of FR X Ohmstede
  Acquisitions Co. by EMCOR Group, Inc.

Guaranties

The information contained in Schedules 7.11 and 7.12
is hereby incorporated herein by reference thereto. 

-2-EXHIBIT 4.1(b) 

SECOND AMENDED AND RESTATED SECURITY
AGREEMENT

          This
Second Amended and Restated Security Agreement (the “Agreement”) is dated as of
September 19, 2007, by and among the parties executing this Agreement under the
heading “Debtors” on the signature pages hereto (such parties, along with any
parties who execute and deliver to the Agent an agreement in the form attached
hereto as Schedule G, being hereinafter referred to collectively as the “Debtors”
and individually as a “Debtor”) and Harris N.A., a national
banking association (“Harris”), with its mailing address at 111
West Monroe Street, Chicago, Illinois 60603, acting as collateral agent
hereunder for the Secured Creditors hereinafter identified and defined (Harris
acting as such collateral agent and any successor or successors to Harris
acting in such capacity being hereinafter referred to as the “Agent”);

WITNESSETH THAT: 

          WHEREAS,
EMCOR Group, Inc., a Delaware corporation (the “Company”) and certain of
its subsidiaries, as Debtors, heretofore executed and delivered to the Agent
that certain Amended and Restated Security Agreement dated as of October 14,
2005 (such Amended and Restated Security Agreement, as the same has been
amended and supplemented, being hereinafter referred to as the “Prior
Security Agreement”) pursuant to which certain Debtors granted the
Agent a lien on and continuing security interest in certain personal property
of such Debtors described therein as collateral security for, among other
things, all indebtedness, obligations and liabilities of the Company, EMCOR
Group (UK) plc, a United Kingdom public limited company (“EMCOR UK”), Comstock
Canada, Ltd., a Canadian corporation (“Comstock”; and the Company, EMCOR UK, and
Comstock being hereinafter referred to collectively as the “Revolver Borrowers”) under
that certain Amended and Restated Credit Agreement dated as of October 14,
2005, as amended from time to time (the “Credit Agreement”), by and among the
Revolver Borrowers, Harris, individually and as agent (the “Revolver
Agent”) and the lenders party thereto (Harris, in its individual
capacity, and such other lenders which are now or which from time to time
hereafter become party to the Credit Agreement being hereinafter referred to
collectively as the “Revolver Lenders” and individually as a “Revolver
Lender”) and all Hedging Liability (as hereinafter defined) of the
Revolver Borrowers, and certain of their subsidiaries; 

          WHEREAS,
the Company, Bank of Montreal, a Canadian chartered bank, acting through its
Chicago Branch (“BMO”), as administrative agent (the “Term Loan Agent”), and the
lenders party thereto have entered into a Term Loan Agreement dated as of
September 19, 2007 (such Term Loan Agreement, as the same may be amended,
modified or restated from time to time, being hereinafter referred to as the “Term Loan
Agreement”), pursuant to which BMO and the other lenders from time
to time party to the Term Loan Agreement (BMO, in its individual capacity, and
such other lenders which are now or which from time to time hereafter become
party to the Term Loan Agreement being hereinafter referred to collectively as
the “Term
Loan Lenders” and individually as a “Term Loan Lender”) have
agreed, subject to certain terms and conditions, to extend a term loan and make
certain other financial accommodations available to the Company (the Company,
as the borrower under the Term Loan Agreement, together with the Revolver
Borrowers, hereinafter referred to collectively, as the “Borrowers” and individually
as a “Borrower”);

          WHEREAS,
the Revolver Agent, the Term Loan Agent, and the Agent have entered into an
Intercreditor and Collateral Agency Agreement dated of even date herewith (the
“Intercreditor
Agreement”) pursuant to which the Revolver Agent, on behalf of the
Revolver Lenders and the Term Loan Agent, on behalf of the Term Loan Lenders
have appointed Harris, as collateral agent hereunder; 

          WHEREAS,
as a condition precedent to (i) extending credit or otherwise making financial
accommodations available to the Revolver Borrowers under the Credit Agreement,
(ii) making the term loan available to the Company under the Term Loan
Agreement, and (iii) entering into the Intercreditor Agreement, the Revolver
Lenders and the Term Loan Lenders require, among other things, that each Debtor
grant to the Agent for the benefit of the Revolver Lenders and the Term Loan
Lenders a lien on and security interest in certain personal property of such
Debtor pursuant to this Agreement, and, in connection therewith, that the Prior
Security Agreement be amended and restated in its entirety to read as set forth
in this Agreement;

          WHEREAS,
the Borrowers and the other Debtors may from time to time enter into one or
more agreements with respect to interest rate exchange, swap, cap, collar,
floor or other similar agreements and one or more foreign currency contracts,
currency swap contracts or other similar agreements with one or more of the
Revolver Lenders or the Term Loan Lenders, or their affiliates, for the purpose
of hedging or otherwise protecting against interest rate and foreign currency
exposure (the liability of the Borrowers and the other Debtors in respect of
such interest rate and foreign currency hedging agreements being hereinafter
referred to as “Hedging Liability”) (the Revolver Agent, the Term Loan
Agent, the Revolver Lenders, the Term Loan Lenders, together with any
affiliates of such lenders to whom any Hedging Liability is owed, being
hereinafter referred to collectively as the “Secured Creditors” and individually as a “Secured
Creditor”);

          WHEREAS,
the Company owns, directly or indirectly, all or substantially all of the
equity interests in each Debtor (other than the Company), and the Borrowers
provide each Debtor with financial, management, administrative, and technical
support which enables such Debtor to conduct its business in an orderly and
efficient manner in the ordinary course; and

          WHEREAS,
each Debtor will benefit, directly and indirectly, from credit and other financial
accommodations extended by the relevant Secured Creditors to the Borrowers.

          NOW,
THEREFORE, for and in consideration of, among other things, the execution and
delivery by the Term Loan Lenders of the Term Loan Agreement, the Revolver
Agent, the Term Loan Agent and the Agent of the Intercreditor Agreement, and
other good and valuable consideration, receipt whereof is hereby acknowledged,
the parties hereto hereby agree as follows:

          Section 1.
Terms Defined in Credit Agreement. All capitalized
terms used herein without definition shall have the same meanings herein as
such terms have in the Credit Agreement or the Term Loan Agreement, as the
context may require. The term “Debtor” and “Debtors” as used herein shall mean
and include the Debtors collectively and also each individually, with all
grants, representations, warranties and covenants of and by the Debtors, or any
of them, herein contained to constitute joint and several grants,
representations, warranties and covenants of and by the Debtors; provided,
however, that unless the context in which the

- 2 -

same is used
shall otherwise require, any grant, representation, warranty or covenant
contained herein related to the Collateral shall be made by each Debtor only
with respect to the Collateral owned by it or represented by such Debtor as
owned by it.

          Section 2.
Grant of Security Interest in the Collateral; Obligations Secured.

          (a)
Each Debtor hereby grants to the Agent for the benefit of the Secured Creditors
a lien on and security interest in, and right of set-off against,
and acknowledges and agrees that the Agent has and shall continue to have for
the benefit of the Secured Creditors a continuing lien on and security interest
in, and right of set-off against, all right, title and interest of such Debtor,
whether now owned or existing or hereafter created, acquired or arising, in and
to all personal property and fixtures of such Debtor, including all of the
following:

	
 

	
 

	
 

	
          (a)
 Accounts (including Health-Care-Insurance Receivables, if any);

	
 

	
 

	
 

	
          
 (b) Chattel Paper;

	
 

	
 

	
 

	
          (c)
 Instruments (including Promissory Notes);

	
 

	
 

	
 

	
          (d)
 Documents;

	
 

	
 

	
 

	
          (e)
 General Intangibles (including Payment Intangibles and Software);

	
 

	
 

	
 

	
          (f)
 Letter-of-Credit Rights;

	
 

	
 

	
 

	
          (g)
 Supporting Obligations;

	
 

	
 

	
 

	
          (h)
 Deposit Accounts;

	
 

	
 

	
 

	
          (i)
 Investment Property (including certificated and uncertificated Securities,
 Securities Accounts, Security Entitlements, Commodity Accounts, and Commodity
 Contracts); 

	
 

	
 

	
 

	
          (j)
 Inventory; 

	
 

	
 

	
 

	
          (k)
 Equipment (including all software, whether or not the same constitutes
 embedded software, used in the operation thereof);

	
 

	
 

	
 

	
          (l)
 Fixtures;

	
 

	
 

	
 

	
          (m)
 Commercial Tort Claims (as described on Schedule E attached hereto or on one
 or more supplements to this Agreement);

	
 

	
 

	
 

	
          (n)
 all rights to merchandise and other Goods (including rights to returned or
 repossessed Goods and rights of stoppage in transit) which is represented by,
 arises from, or relates to any of the foregoing;

- 3 -

	
 

	
 

	
 

	
          (o)
 all personal property and interests in personal property of such Debtor of
 any kind or description now held by the Agent or at any time hereafter
 transferred or delivered to, or coming into the possession, custody, or
 control of, the Agent, or any agent or affiliate of the Agent, whether
 expressly as collateral security or for any other purpose (whether for
 safekeeping, custody, collection or otherwise), and all dividends and
 distributions on or other rights in connection with any such property;

	
 

	
 

	
 

	
          (p)
 all supporting evidence and documents relating to any of the above-described
 property, including, without limitation, computer programs, disks, tapes and
 related electronic data processing media, and all rights of such Debtor to
 retrieve the same from third parties, written applications, credit
 information, account cards, payment records, correspondence, delivery and
 installation certificates, invoice copies, delivery receipts, notes, and
 other evidences of indebtedness, insurance certificates and the like,
 together with all books of account, ledgers, and cabinets in which the same
 are reflected or maintained;

	
 

	
 

	
 

	
          (q)
 all Accessions and additions to, and substitutions and replacements of, any
 and all of the foregoing; and

	
 

	
 

	
 

	
          (r)
 all Proceeds and products of the foregoing, and all insurance of the
 foregoing and proceeds thereof;

(all of the
foregoing being herein referred to as the “Collateral”); provided, however, that:
(i) no lien is granted on any asset subject to a lien permitted by
clause (e), (i), (j), (k) or (l) (as to liens on fixed assets only) or (m)
or (n) (insofar as (n) relates to the extension, renewal or replacement of a
lien permitted by subsections of Section 7.11 of the Credit Agreement
identified in this clause) or (o) of the Credit Agreement, (ii) no
lien is granted on the capital stock of any Unrestricted Subsidiary or on the
capital stock or assets of any Designated Foreign Restricted Subsidiary;
(iii) no lien is granted on real property unless and until the Required
Lenders so require; (iv) no lien is granted on any contract, license,
permit or franchise that validly prohibits the creation, attachment, or
perfection of a security interest in favor of the Agent in such contract,
license, permit or franchise (or in any rights or property obtained by such
Debtor under such contract, license, permit or franchise); (v) no lien is
granted on any rights or property to the extent that any valid and enforceable
law or regulation applicable to such rights or property prohibits the creation
of a security interest therein; (vi) no lien is granted on any rights or
property to the extent that such rights or property secure purchase money
financing therefor permitted by the Credit Agreement, Term Loan Agreement, and
the agreements providing such purchase money financing prohibit the creation of
a further security interest therein; (vii) liens granted may be subject
and subordinate to liens permitted by clauses (a), (b), (c), (e), (f), (g),
(h), (j), (k), (n), (o), (p) and (q) of Sections 7.11 of the Credit
Agreement and Term Loan Agreement; (viii) liens need not be perfected on
notes receivable having a fair value of less than $1,000,000 in any instance
and $5,000,000 in the aggregate or on bonds or notes of the City of New York
pledged to the City of New York in lieu of retainage; and (ix) liens need
not be perfected by possession or control (but may be perfected by the filing
of a financing statement) on equity securities (other than capital stock of
Restricted Subsidiaries required to be pledged by the other provisions of the
Credit Agreement and Term Loan Agreement) having a fair value of less than
$1,000,000 in any instance and $5,000,000 in the aggregate; but, provided
further, that (A) notwithstanding anything set forth above to
the contrary, to the extent not prohibited by law,

- 4 -

the Agent has
and shall at all times have a security interest in all rights to payments of
money due or to become due under any such contract, contract right, or similar
general intangible and all other proceeds thereof and (B) if and when the
prohibition which prevents the granting of a security interest in any such
Property is removed, terminated or otherwise becomes unenforceable as a matter
of law, the Agent will be deemed to have, and at all times to have had, a
security interest in such Property and the Collateral will be deemed to
include, and at all times to have included, such Property. All terms which are
used herein which are defined in the Uniform Commercial Code of the State of
Illinois as in effect from time to time (“UCC”) shall have the same meanings herein
as such terms are defined in the UCC, unless this Agreement shall otherwise
specifically provide. For purposes of this Agreement, the term “Receivables”
means all rights to the payment of a monetary obligation, whether or
not earned by performance, and whether evidenced by an Account, Chattel Paper,
Instrument, General Intangible or otherwise.

          (b)
This Agreement is made and given to secure, and shall secure, the payment and
performance of: (i) each of (A) any and all indebtedness, obligations
and liabilities of the Borrowers to the Secured Creditors, or any of them
individually, evidenced by or otherwise arising out of or relating to the
Credit Agreement, the Term Loan Agreement or any promissory note of any
Borrower heretofore or hereafter issued under the Credit Agreement or the Term
Loan Agreement; (B) any and all obligations of the Revolver Borrowers, or
any of them individually, to reimburse the Revolver Agent or any Revolver
Lender with respect to any letter of credit or banker’s acceptance issued to or
for the account of the Revolver Borrowers, or any of them individually, under
the Credit Agreement; (C) any and all obligations of the Borrowers, or any
of them individually, to the Secured Creditors, or any of them individually,
with respect to Hedging Liability; and (D) any and all liabilities of the Borrowers
or the Debtors, or any of them individually, arising out of any guaranty issued
by the Borrowers or the Debtors, or any of them individually, relating to the
foregoing or any part thereof, as well as for any and all other indebtedness,
obligations and liabilities of the Borrowers and the Debtors, or any of them
individually, to the Agent or the Secured Creditors, or any of them
individually, evidenced by or otherwise arising out of or relating to this
Agreement, the Guaranties or any other Loan Document; in each case, whether now
existing or hereafter arising (and whether arising before or after the filing
of a petition in bankruptcy), due or to become due, direct or indirect,
absolute or contingent, and howsoever evidenced, held or acquired, and owing in
any currency; and (ii) any and all expenses and charges, legal or otherwise,
suffered or incurred by the Agent or the Secured Creditors, or any of them
individually, in collecting or enforcing any of such indebtedness, obligations
or liabilities or in realizing on or protecting or preserving any security
therefor, including, without limitation, the lien and security interest granted
to the Agent in the Collateral hereby (all of the foregoing being hereinafter
referred to as the “Obligations”). Notwithstanding anything
in this Agreement to the contrary, the right of recovery against any Debtor
under this Agreement shall not exceed $1 less than the lowest amount which
would render such Debtor’s obligations under this Agreement void or voidable
under applicable law, including fraudulent conveyance law.

          Section 3.
Covenants, Agreements, Representations and Warranties. Each
Debtor hereby covenants and agrees with, and represents and warrants to, the
Agent and each Secured Creditor that:

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          (a)
 Each Debtor is a duly organized and validly existing in good standing under
 the laws of the state of its organization. No Debtor shall change its state
 of organization without the Agent’s prior written consent (which consent
 shall not be unreasonably withheld or delayed). Each Debtor’s chief executive
 office and principal place of business is at the location listed opposite
 such Debtor’s name under column 2 on Schedule A attached hereto;
 and such Debtor has no other executive offices or places of business (other
 than operating job sites in the ordinary course of such Debtor’s business)
 other than those listed opposite such Debtor’s name under column 3 on
 Schedule A attached hereto. Each Debtor’s organizational identification
 number is set forth under its name in column 1 on Schedule A attached
 hereto. The Collateral owned or leased by each Debtor is and shall remain in
 such Debtor’s possession or control at the locations listed opposite such
 Debtor’s name under column 4 on Schedule A attached hereto opposite such
 Debtors’s name or is or shall be located at such Debtor’s then operating job
 sites in the ordinary course of its business or is or shall be in transit to
 or between any of the foregoing locations (collectively, the “Permitted
 Collateral Locations”) other than temporarily in the ordinary
 course of business. If for any reason any Collateral is at any time kept or
 located at a location other than a Permitted Collateral Location, the Agent
 shall nevertheless have and retain a lien on and security interest in such
 Collateral. No Debtor shall move its chief executive office or maintain a
 place of business at a location other than those specified under
 columns 2 and/or 3 on Schedule A attached hereto other than temporarily
 in the ordinary course of business or permit any Collateral in excess of
 $1,000,000 to be located at a location other than a Permitted Collateral
 Location other than temporarily in the ordinary course of business or a job
 site, in each case without first providing the Agent 30 days prior written
 notice of such Debtor’s intent to do so; provided, however, that each Debtor
 shall at all times maintain its chief executive office and places of business
 in the United States of America and, with respect to any new chief executive
 office or place of business or location of Collateral, such Debtor shall have
 taken all action reasonably requested by the Agent or any Secured Creditor to
 maintain the lien and security interest of the Agent in the Collateral at all
 times fully perfected and in full force and effect. The execution and
 delivery of this Agreement, and the observance and performance of each of the
 matters and things herein set forth, will not (i) contravene or
 constitute a default under any provision of law or any judgment, injunction,
 order or decree binding upon any Debtor or any provision of any Debtor’s
 organizational documents (e.g.certificate of incorporation, articles
 of incorporation, by-laws, certificate of formation, limited liability
 company operating agreement or partnership agreement, as applicable) or any
 covenant, indenture or agreement of or affecting any Debtor or any of its
 property or (ii) result in the creation or imposition of any lien or
 encumbrance on any property of any Debtor except for the lien and security
 interest granted to the Agent in the Collateral hereunder. Each Debtor’s
 organizational registration number (if any) is set forth on Schedule A
 attached hereto.

	
 

	
 

	
 

	
          (b)
 The Collateral and every part thereof is and shall be free and clear of all
 security interests, liens (including, without limitation, mechanics’,
 laborers’ and statutory liens), attachments, levies and encumbrances of every
 kind, nature and description and whether voluntary or involuntary, except for
 the lien and security interest of the Agent therein and other liens permitted
 by the Credit Agreement or the Term Loan Agreement (herein, the “Permitted
 Encumbrances”).

- 6 -

	
 

	
 

	
 

	
          (c)
 Subject to Sections 4(a), 6(c) and 7(a) hereof, no Debtor shall without the
 Agent’s prior written consent, sell, assign, mortgage, lease or otherwise
 dispose of the Collateral or any interest therein, except that (i) until
 an Event of Default has occurred and is continuing and thereafter until
 notified by the Agent that it intends to foreclose or otherwise realize upon
 such Collateral, each Debtor may use and lease its Collateral to the extent
 not prohibited by the terms of the Credit Agreement or the Term Loan
 Agreement (including, without limitation, Section 7.14 of each such
 agreement), and (ii) until an Event of Default has occurred and is
 continuing, the Debtor may sell or otherwise dispose of Collateral to the
 extent not prohibited by the terms of the Credit Agreement or the Term Loan
 Agreement (including, without limitation, Sections 7.14 and 7.15 of each
 such agreement), and may grant liens on Collateral to the extent permitted by
 Sections 4.1 and/or 7.11 of the Credit Agreement and the Term Loan
 Agreement, provided that a sale, lease or other disposition in the ordinary
 course of business shall not under any circumstance include a transfer, sale
 or lease in satisfaction, partial or complete, of a debt owing by such Debtor
 unless the debt so satisfied is secured with a lien on or ownership right in
 the goods in question which is prior to the security interest of the Agent
 therein and is a Permitted Encumbrance under the Credit Agreement and the
 Term Loan Agreement. 

	
 

	
 

	
 

	
          (d)
 Each Debtor shall at all times insure the Collateral consisting of tangible
 personal property against such risks and hazards as other persons or entities
 similarly situated insure against, and including in any event loss or damage
 by fire, theft, burglary, pilferage, loss in transit and such other hazards
 as the Agent may reasonably specify, in amounts and under policies containing
 loss payable clauses to the Agent as its interest may appear (and, if the
 Agent requests, naming the Agent and the Secured Creditors as additional
 insureds therein) and by insurers reasonably acceptable to the Agent, it
 being agreed that the foregoing shall not preclude any Debtor from directly
 or indirectly self insuring risks as and to the extent prudent and customary
 for companies similarly situated and then to the extent permitted by the
 Credit Agreement and the Term Loan Agreement. All premiums on such insurance
 shall be paid by the Debtors and, upon the Agent’s request, the policies of
 such insurance (or certificates therefor) shall be delivered by the Debtors
 to the Agent. All insurance required hereby shall provide that any loss shall
 be payable notwithstanding any act or negligence of the relevant Debtor,
 shall provide that no cancellation thereof shall be effective until at least
 30 days after receipt by the relevant Debtor and the Agent of written
 notice thereof, and shall be reasonably satisfactory to the Agent in all
 other respects. Each Debtor may retain any proceeds of such insurance arising
 out of the loss, damage or destruction of the Collateral owned or leased by
 such Debtor so long as no Event of Default shall have occurred and be
 continuing or shall arise and be continuing after giving effect to such loss,
 damage or destruction. After the occurrence and during the continuance of any
 Event of Default, each Debtor will immediately pay over such proceeds of
 insurance to the Agent which shall thereafter be applied to the reduction of
 the Obligations (whether or not then due) or held as collateral security
 therefore, as the Agent may then determine and as otherwise provided for in
 the Intercreditor Agreement. All insurance proceeds shall be subject to the
 lien and security interest of the Agent in the Collateral. Each Debtor hereby
 authorizes the Agent, at the Agent’s option, to adjust,
 compromise and settle any losses under any insurance afforded at any time
 after the occurrence and during the continuance of any Event of Default, and
 such Debtor does hereby irrevocably constitute the Agent, its officers,
 agents and

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attorneys,
 in such case as such Debtor’s attorneys-in-fact, with full power and
 authority to effect such adjustment, compromise and/or settlement and
 to endorse any drafts drawn by an insurer of the Collateral or any part
 thereof and to do everything necessary to carry out such purposes and to
 receive and receipt for any unearned premiums due under policies of such
 insurance. 

	
 

	
 

	
 

	
          (e)
 Each Debtor shall, at all reasonable times upon reasonable prior notice,
 allow the Agent, any Secured Creditor, and their respective representatives
 free access to and right of inspection of the Collateral during such Debtor’s
 normal business hours. Upon the occurrence and during the
 continuance of any Event of Default, the Agent shall have the right to verify
 all or any part of the Collateral in any manner, and through any medium,
 which the Agent considers appropriate, and each Debtor agrees to furnish all
 assistance and information, and perform any acts, which the Agent may
 reasonably require in connection therewith.

	
 

	
 

	
 

	
          (f)
 Each Debtor’s legal name and state of organization is correctly set forth in
 Schedule A attached hereto. No Debtor has transacted business at any
 time during the immediately preceding five-year period, and does not
 currently transact business, under any other legal names or trade names other
 than the prior legal names and trade names (if any) set forth on
 Schedule B attached hereto. No Debtor shall change its legal name or
 transact business under any other trade name without first giving
 30 days’ prior written notice of its intent to do so to the Agent.

	
 

	
 

	
 

	
          (g)
 Schedule C attached hereto contains a true, complete, and current
 listing of all copyrights, copyright applications, trademarks, trademark
 rights, tradenames, patents, patent rights and licenses, patent applications
 and other intellectual property rights that are owned by the Debtors and are
 registered with any governmental authority. The relevant Debtor shall
 promptly notify the Agent in writing of any such additional intellectual
 property rights acquired or arising after the date hereof, and shall submit
 to the Agent a supplement to Schedule C attached hereto to reflect such
 additional rights (provided such Debtor’s failure to do so shall not impair
 the Agent’s security interest therein). The Debtors own or possess rights to
 use all franchises, licenses, copyrights, copyright applications, patents,
 patent rights and licenses, patent applications, trademarks, trademark
 rights, trade names, trade name rights, copyrights and rights with respect to
 the foregoing which are required to conduct their business. No event has occurred
 which permits, or after notice or lapse of time or both would permit, the
 revocation or termination of any such rights, and no Debtor is liable to any
 person for infringement under applicable law with respect to any such rights
 as a result of its business operations.

	
 

	
 

	
 

	
          (h)
 Schedule E attached hereto contains a true, complete and current listing
 of all Commercial Tort Claims held or maintained by the Debtors as of the
 date hereof for an amount equal to or greater than $1,000,000, each described
 by reference to the specific incident giving rise to the applicable claim.
 Each Debtor agrees to execute and deliver to the Agent a supplement to this
 Agreement in the form attached hereto as Schedule F, or in such other
 form reasonably acceptable to the Agent, promptly upon becoming aware of any
 other Commercial Tort Claim in an amount equal to or greater than $1,000,000
 held or maintained by any Debtor arising after the date hereof.

- 8 -

	
 

	
 

	
 

	
          (i)
 Each Debtor agrees to execute and deliver to the Agent such further
 agreements, assignments, instruments and documents, and to do all such other
 things, as the Agent may reasonably deem necessary or appropriate to assure
 the lien and security interest of the Agent in the Collateral granted hereby,
 including, without limitation, (i) the execution and delivery of such
 financing statements and amendments thereof and supplements thereto or other
 instruments and documents as the Agent may from time to time reasonably
 require to comply with the UCC and any other applicable law, (ii) the
 execution and delivery of such patent, trademark and copyright assignment
 agreements as the Agent may from time to time reasonably require to comply
 with the filing requirements of the United States Patent and Trademark Office
 and the United States Copyright Office, and (iii) the execution and
 delivery of and the use of commercially reasonable efforts to cause the
 relevant depository institutions, financial intermediaries and letter of
 credit issuers to execute and deliver such control agreements with respect to
 all Deposit Accounts, Securities Accounts, Letter-of-Credit Rights and
 electronic Chattel Paper as the Agent may from time to time reasonably
 require in accordance with the terms hereof. Each Debtor hereby agrees that a
 carbon, photographic or other reproduction of this Agreement or any such
 financing statement is sufficient for filing as a financing statement by the
 Agent without notice thereof to such Debtor wherever the Agent in its sole
 discretion desires to file the same. Each Debtor hereby authorizes the Agent
 to file any and all financing statements covering the Collateral or any part
 thereof as the Agent may require, including financing statements describing
 the Collateral as “all assets” or “all personal property” or words of like
 meaning. The Agent may order lien searches from time to time against any
 Debtor and the Collateral, and the Debtors shall promptly reimburse the Agent
 for all reasonable costs and expenses incurred in connection with such lien
 searches; provided,
 however, that prior to the occurrence of any Event of Default the
 Debtors shall not have any obligation to reimburse the Agent for the
 reasonable costs and expenses of more than one lien search during any
 calendar year. In the event for any reason the law of any jurisdiction other
 than Illinois becomes or is applicable to the Collateral or any part thereof,
 or to any of the Obligations, each Debtor agrees to execute and deliver all
 such instruments and documents and to do all such other things as the Agent
 reasonably deems necessary or appropriate to preserve, protect and enforce
 the security interest of the Agent under the law of such other jurisdiction. 

	
 

	
 

	
 

	
          (j)
 Upon the occurrence and during the continuance of any Event of Default, on
 failure of any Debtor to perform any of its covenants and agreements herein
 contained, the Agent may at its option perform the same and in so doing may
 expend such sums as the Agent may reasonably deem advisable in the
 performance thereof, including, without limitation, (i) payment of any
 insurance premiums, (ii) payment of any taxes, liens and encumbrances,
 (iii) expenditures made in defending against any adverse claims and
 (iv) all other expenditures which the Agent may be compelled to make by
 operation of law or which the Agent may make by agreement or otherwise for
 the protection of the Collateral. All such sums and amounts so expended shall
 be repayable by such Debtor immediately without notice or demand, shall
 constitute additional Obligations secured hereunder, and shall bear interest
 from the date said amounts are expended at the rate per annum (computed on
 the basis of a 360-day year for the actual number of days elapsed) equal to
 the sum of 2% plus the Domestic Rate as from time to time in effect (with any
 change in such rate per annum as so determined by reason of a change in such
 Domestic Rate to be effective on the date of such change in said Domestic

- 9 -

	
 

	
 

	
 

	
Rate) (such
 rate per annum as so determined being hereinafter referred to as the “Reimbursement
 Rate”). No such performance of any covenant or agreement by the
 Agent on behalf of any Debtor, and no such advancement or expenditure
 therefor, shall relieve any Debtor of any default under the terms of this
 Agreement or in any way obligate the Agent or any Secured Creditor to take
 any further or future action with respect thereto. The Agent is hereby
 authorized to charge any depository or other account of any Debtor maintained
 with the Agent for the amount of such sums and amounts so expended. 

          Section 4.
Special Provisions Re: Receivables.

          (a)
So long as no Event of Default shall have occurred and be continuing, any
merchandise or other goods which are returned by a customer or account debtor
to any Debtor or are otherwise recovered by such Debtor, may be resold by such
Debtor in the ordinary course of its business in accordance with
Section 3(c) hereof; and after the occurrence and during the continuance
of any Event of Default, at the request of the Agent, such merchandise and
other goods shall be set aside and held by such Debtor as trustee for the Agent
and the Secured Creditors and shall remain part of the Collateral. So long as
no Event of Default shall have occurred and be continuing, each Debtor may
settle and adjust disputes and claims with its customers and account debtors,
handle returns and recoveries and grant discounts, credits and allowances, in
each case in the ordinary course of its business and otherwise for amounts and
on terms which such Debtor considers advisable. However, after the occurrence
and during the continuance of any Event of Default, at the request of the
Agent, each Debtor shall notify the Agent promptly of all returns and
recoveries and shall deliver the merchandise or other returned goods to the
Agent. After the occurrence and during the continuance of any Event of Default,
at the request of the Agent each Debtor shall also notify the Agent promptly of
all disputes and claims and settle or adjust them at no expense to the Agent or
the Secured Creditors, but no discount, credit or allowance other than on
normal trade terms in the ordinary course of business shall be granted to any
customer or account debtor and no returns of merchandise or other goods shall
be accepted by any Debtor without the Agent’s consent. The Agent may, at all
times after the occurrence and during the continuance of any Event of Default,
settle or adjust disputes and claims directly with customers or account debtors
for amounts and upon terms which the Agent considers advisable.

          (b)
If any Receivable arises out of a contract with the United States of America or
any of its departments, agencies or instrumentalities, upon the Agent’s request
after the occurrence and during the continuance of an Event of Default, each Debtor
agrees to so notify the Agent and execute whatever instruments and documents
are reasonably required by the Agent in order that such Receivable shall be
assigned to the Agent and that proper notice of such assignment shall be given
under the federal Assignment of Claims Act (or any successor statute).

          Section 5.
Special Provisions Re: Pledged Notes.

          (a)
To the extent any Pledged Note or other item of Collateral is evidenced by an
Instrument or Chattel Paper, the applicable Debtor shall cause such Instrument
or Chattel Paper to be pledged and delivered to the Agent; provided, however, that,
unless (i) an Event of Default shall have occurred and be continuing and
(ii) the Agent or the Required Lenders shall have otherwise required, a
Debtor shall not be required to deliver any such Instrument or Chattel

- 10 -

Paper if and
only so long as (A) the fair market value of any such Instrument or
Chattel Paper held by such Debtor is less than $1,000,000 and (B) the
aggregate fair market value of all such Instruments or Chattel Paper held by
the Borrowers, the Debtors and the other Guarantors and not delivered to the
Agent under the Collateral Documents is less than $5,000,000 at any one time
outstanding. 

          (b)
To the extent required to be delivered under Section 5(a) above, the
relevant Debtor shall endorse all Instruments and Chattel Paper evidencing a
Pledged Note or other item of Collateral in blank and deliver the same to the
Agent in a form sufficient to transfer title thereto and shall also duly
execute and deliver such other Instruments and Chattel Paper of transfer or
assignment as to any other Collateral granted pursuant hereto, all in form and
substance reasonably satisfactory to the Agent. To the extent required to be
delivered under Section 5(a) above, the relevant Debtor shall deliver to
the Agent true and correct copies of all Instruments and Chattel Paper and
documents securing each instrument evidencing a Pledged Note or other item of
Collateral or setting forth terms and conditions applicable thereto
(collectively the “Note Documents”). After the occurrence and during the
continuance of an Event of Default, upon request by the Agent, all tangible
Chattel Paper and Instruments shall, unless delivered to the Agent or its agent,
contain a legend reasonably acceptable to the Agent indicating that such
Chattel Paper or Instrument is subject to the security interest of the Agent
contemplated by this Agreement; provided, however, that unless the Agent
or the Required Lenders shall have required otherwise, a Debtor shall not be
required to so legend any such Instrument or Chattel Paper if and only so long
as (i) the fair market value of any such Instrument or Chattel Paper held
by such Debtor is less than $1,000,000 and (ii) the aggregate fair market
value of all such Instruments or Chattel Paper held by the Borrowers, the
Debtors and the other Guarantors and not delivered to the Agent under the
Collateral Documents is less than $5,000,000 at any one time outstanding.

          (c)
After the occurrence and during the continuance of any Event of Default, no
Debtor shall, without the prior written consent of the Agent, release any
collateral or guarantors for the Pledged Notes or the Note Documents or amend,
modify, waive or otherwise take any action which would materially impair the
value or collectability of all or any part thereof. At the request of the
Agent, each Debtor further agrees to promptly deliver to the Agent copies of
all statements, reports and other information and data submitted by any obligor
of a Pledged Note to such Debtor. 

          (d)
Each Debtor hereby authorizes and directs each obligor of a Pledged Note, upon
receipt of notice from the Agent that an Event of Default has occurred and is
continuing, to make all distributions and payments now due or hereafter to
become due to such Debtor in respect of the Pledged Notes or the Note Documents
directly to the Agent, and such Debtor agrees that such payments or
distributions to the Agent as aforesaid shall be a good receipt and acquittance
to such Debtor to the extent so made.

- 11 -

          Section 6.
Special Provisions Re: Investment Property and Deposits.

          (a)
Unless and until an Event of Default has occurred and is continuing and
thereafter until notified to the contrary by the Agent pursuant to
Section 10(e) hereof:

	
 

	
 

	
 

	
          (i)
 each Debtor shall be entitled to exercise all voting and/or consensual powers
 pertaining to the Investment Property or any part thereof owned or held by
 it, for all purposes not inconsistent with the terms of this Agreement, the
 Credit Agreement, the Term Loan Agreement or any other document evidencing or
 otherwise relating to any Obligations; and

	
 

	
 

	
 

	
          (ii)
 each Debtor shall be entitled to receive and retain all cash dividends paid
 upon or in respect of the Investment Property owned or held by it.

          (b)
Except for equity interests in direct or indirect Subsidiaries, all Investment
Property of each Debtor (including all securities, certificated or uncertificated,
securities accounts, and commodity accounts but excluding any split-dollar
insurance policies) having a fair market value of $1,000,000 or more maintained
by such Debtor on the date hereof is listed and identified on Schedule D
attached hereto. Each Debtor shall promptly notify the Agent of any other such
Investment Property acquired or maintained by such Debtor after the date
hereof, and shall submit to the Agent a supplement to Schedule D attached
hereto to reflect such additional Investment Property (provided such Debtor’s
failure to do so shall not impair the Agent’s security interest therein).
Certificates for all certificated securities now or at any time
constituting such Investment Property hereunder shall be promptly delivered by
the relevant Debtor to the Agent duly endorsed in blank for transfer or
accompanied by an appropriate assignment or assignments or an appropriate
undated stock power or powers, in every case sufficient to transfer title
thereto, and, with respect to any such uncertificated securities or any such
Investment Property held by a securities issuer or intermediary, commodity
issuer or intermediary, or other issuer or financial intermediary of any kind,
the relevant Debtor shall execute and deliver, and shall cause any such issuer
or intermediary to execute and deliver, an agreement among such Debtor, the
Agent and such issuer or intermediary in form and substance satisfactory to the
Agent which provides, among other things, for the issuer’s or intermediary’s
agreement that it will comply with such entitlement orders, and apply any value
distributed on account of any such Investment Property, as directed by the
Agent without further consent by such Debtor at any time after the occurrence
and during the continuance of any Event of Default; provided, however, that,
unless (i) an Event of Default shall have occurred and be continuing and
(ii) the Agent or the Required Lenders shall have otherwise required, a
Debtor shall not be required to deliver any such certificates or cause any such
agreement to be entered into with the relevant issuer or financial intermediary
with respect to (A) Investment Property having a final maturity date not in
excess of 90 days from the date the relevant Debtor obtains such Investment
Property or (B) other Investment Property if and so long as (x) the fair
market value of any such other Investment Property held by such Debtor is less
than $1,000,000 and (y) the aggregate fair market value of all such other
Investment Property held by the Borrowers, the Debtors and the other Guarantors
and not subject to the control (as such term is defined in the UCC) of the
Agent under the Collateral Documents is less than $5,000,000 at any one time
outstanding. The Agent may at any time after the occurrence and during the
continuance of an Event of Default cause to be transferred into its name or the
name of its nominee or nominees any and all of the Investment Property
hereunder. 

- 12 -

          (c)
Unless and until an Event of Default has occurred and is continuing, each
Debtor may sell or otherwise dispose of any Investment Property to the extent
permitted by the Credit Agreement and the Term Loan Agreement. During the
existence of any Event of Default, no Debtor shall sell or otherwise dispose of
all or any part of the Investment Property without the prior written consent of
the Agent.

          (d)
Each Debtor represents that on the date of this Agreement, to the best of its
knowledge, none of the Investment Property consists of margin stock (as such
term is defined in Regulation U of the Board of Governors of the Federal
Reserve System) except to the extent such Debtor has delivered to the Agent a
duly executed and completed Form U-1 with respect to such margin stock. If
at any time the Investment Property or any part thereof consists of margin
stock and the relevant Debtor has knowledge of the same, such Debtor shall
promptly so notify the Agent and deliver to the Agent a duly executed and
completed Form U-1 and such other instruments and documents as (i) are
necessary to satisfy the applicable requirements of Regulations T, U and X
of the Board of Governors of the Federal Reserve System with respect to such
margin stock and (ii) are reasonably requested by the Agent in form and
substance reasonably satisfactory to the Agent.

          (e)
Notwithstanding anything to the contrary contained herein, in the event any
Investment Property is subject to the terms of a separate security agreement
(including, without limitation, the Pledge Agreement bearing even date herewith
relating to the stock of certain of the Debtors hereunder) in favor of the
Agent, the terms of such separate security agreement shall govern and control
unless otherwise agreed to in writing by the Agent and the Secured Creditors.

          (f)
With respect to any Deposit Account maintained by a depository institution
other than the Agent or any Secured Creditor, upon the Agent’s request, the
relevant Debtor, the depository institution and the Agent shall, to the extent
requested by the Agent, execute and deliver an account control agreement in
form and substance satisfactory to the Agent which provides, among other
things, for the depository institution’s agreement that it will comply with
instructions originated by the Agent directing the disposition of the funds in
the Deposit Account without further consent by such Debtor.

          Section 7. Collection
of Receivables and Pledged Notes. 

          (a)
Except as otherwise provided in this Agreement, each Debtor shall make
collection of all Receivables and Pledged Notes and may use the same to carry
on its business in accordance with sound business practice and otherwise
subject to the terms hereof.

          (b)
If any Event of Default has occurred and is continuing, in the event the Agent
requests a Debtor to do so: (i) all Instruments and Chattel Paper at any
time constituting part of the Collateral (including any postdated checks)
shall, upon receipt by the relevant Debtor, be immediately endorsed to and
deposited with Agent; and/or (ii) such Debtor shall instruct all customers
and account debtors and any other obligor of any of the Collateral to remit all
payments in respect of the Collateral to a lockbox or lockboxes under the sole
custody and control of Agent and which are maintained at post offices selected
by the Agent.

          (c)
If any Event of Default has occurred and is continuing, the Agent or its
designee may notify each Debtor’s customers or account debtors or any other
obligor at any time that the Collateral has been assigned to the Agent or that
the Agent has a security interest therein, and

- 13 -

either in its
own name, or such Debtor’s name, or both, demand, collect (including, without
limitation, through a lockbox analogous to that described in Section 7(b)(ii)
hereof), receive, receipt for, sue for, compound and give acquittance for any
or all amounts due or to become due on the Collateral, and in the Agent’s
discretion file any claim or take any other action or proceeding which the
Agent may deem reasonably necessary or appropriate to protect and realize upon
the security interest of the Agent in the Collateral or any part thereof.

          (d)
Any proceeds of Collateral transmitted to or otherwise received by the Agent
pursuant to any of the provisions of Sections 7(b) or 7(c) hereof may be
handled and administered by the Agent in and through a remittance account or
accounts maintained at the Agent or by the Agent at a commercial bank or banks
selected by the Agent (each a “Depositary Bank”), and each Debtor
acknowledges that the maintenance of such remittance accounts by the Agent is
solely for the Agent’s convenience. The Agent need not apply or give credit for
any item included in proceeds of Receivables, Pledged Notes or other Collateral
until the relevant Depositary Bank has received final payment therefor at its
office in cash or final solvent credits current at the site of deposit
acceptable to the Agent and the relevant Depositary Bank as such. However, if
the Agent does permit credit to be given for any item prior to a Depositary Bank
receiving final payment therefor and such Depositary Bank fails to receive such
final payment or an item is charged back to the Agent or any Depositary Bank
for any reason, the Agent may at its election in either instance charge the
amount of such item back against any such remittance account or any depository
account of a Debtor maintained with the Agent. Each Debtor hereby indemnifies
the Agent and the Secured Creditors from and against all liabilities, damages,
losses, actions, claims, judgments, costs, expenses, charges and attorneys’
fees suffered or incurred by the Agent or any Secured Creditor because of the
maintenance of the foregoing arrangements; provided, however, that no Debtor shall be
required to indemnify the Agent or any Secured Creditor for any of the
foregoing to the extent they arise from the negligence or willful misconduct of
the person seeking to be indemnified. The Agent and the Secured Creditors shall
have no liability or responsibility to any Debtor for the Agent or any other Depositary
Bank accepting any check, draft or other order for payment of money bearing the
legend “payment in full” or words of similar import or any other restrictive
legend or endorsement whatsoever or be responsible for determining the
correctness of any remittance.

          Section 8.
Special Provisions Re: Inventory and Equipment.

          (a)
Each Debtor shall at its own cost and expense maintain, keep and preserve all
material portions of the Inventory in good and merchantable condition and keep
and preserve all material portions of the Equipment in good repair, working
order and condition, ordinary wear and tear excepted, and, without limiting the
foregoing, will from time to time make all necessary and proper repairs,
replacements and additions to the Equipment so that the overall efficiency of
the Equipment taken as a whole shall be fully preserved and maintained.

          (b)
Each Debtor warrants and agrees that no Inventory is or will be consigned to
any other person or entity without the Agent’s prior written consent.

          (c)
At the Agent’s request, each Debtor shall at its own cost and expense cause the
lien of the Agent in and to any portion of the Collateral subject to a
certificate of title law to be duly noted on such certificate of title or to be
otherwise filed in such manner as is prescribed by law in

- 14 -

order to
perfect such lien and will cause all such certificates of title and evidences
of lien to be deposited with the Agent.

          (d)
In the event the Equipment, or any part thereof, is or may be attached to real
estate in such a manner that the same may become a fixture, at the Agent’s
request after the occurrence and during the continuance of an Event of Default,
the relevant Debtor shall take all action reasonably requested by the Agent to
maintain the lien and security interest of the Agent in such Collateral at all
times fully perfected and in full force and effect, including, without
limitation, such fixture financing statements as the Agent may require and, in
the event any other person has any right, title or interest in, or lien upon,
any such real estate, such Debtor shall use commercially reasonable efforts to
cause such person to enter an agreement (i) pursuant to which such person
disclaims any right, title and interest in, or lien on, such Equipment,
(ii) which allows for the removal of such Equipment by the Agent and
(iii) which is otherwise in form and substance reasonably satisfactory to
the Agent.

          (e)
If any of the Inventory is at any time evidenced by a negotiable document of
title, at the Agent’s request after the occurrence and during the continuance
of an Event of Default, such document shall be promptly delivered by the
relevant Debtor to the Agent.

          Section 9.
Power of Attorney. In addition to any other powers of
attorney contained herein, each Debtor hereby appoints the Agent, its nominee,
or any other person whom the Agent may designate as such Debtor’s
attorney-in-fact, with full power after the occurrence and during the
continuance of any Event of Default: (i) to sign such Debtor’s name on
verifications of Receivables and other Collateral; (ii) to send requests
for verification of Collateral to such Debtor’s customers, account debtors and
other obligors; (iii) to endorse such Debtor’s name on any checks, notes,
acceptances, money orders, drafts and any other forms of payment or security
that may come into the Agent’s possession; (iv) to endorse the Collateral
in blank or to the order of the Agent or its nominee; (v) to sign such
Debtor’s name on any invoice or bill of lading relating to any Collateral, on
claims to enforce collection of any Collateral, on notices to and drafts
against customers and account debtors and other obligors, on schedules and
assignments of Collateral, on notices of assignment and on public records;
(vi) to notify the post office authorities to change the address for
delivery of such Debtor’s mail to an address designated by the Agent;
(vii) to receive and open all mail addressed to such Debtor; and (viii) to
do all things necessary to carry out this Agreement. Each Debtor hereby
ratifies and approves all acts of any such attorney and agrees that neither the
Agent nor any such attorney will be liable for any acts or omissions nor for
any error of judgment or mistake of fact or law other than such person’s gross
negligence or willful misconduct. The Agent may file one or more financing
statements disclosing its security interest in any or all of the Collateral
without any Debtor’s signature appearing thereon. Each Debtor also hereby
grants the Agent a power of attorney to execute any such financing statements,
or amendments and supplements to financing statements, on behalf of such Debtor
without prior notice thereof to any Debtor. The foregoing powers of attorney, being
coupled with an interest, are irrevocable until the Obligations have been fully
paid and satisfied and the commitments of the Secured Creditors to extend
credit to or for the account of the Borrowers have expired or otherwise been
terminated; provided,
however, that the Agent agrees not to exercise the powers of
attorney set forth in this Section unless an Event of Default has occurred and
is continuing.

- 15 -

          Section 10.
Defaults and Remedies.

          (a)
The occurrence of any one or more of the following events shall constitute an
“Event of Default” hereunder:

	
 

	
 

	
 

	
          (i)
 any default in the payment when due (whether by lapse of time, acceleration
 or otherwise) of the Obligations or any part thereof after giving effect to
 any applicable notice or grace period; or

	
 

	
 

	
 

	
          (ii)
 any representation or warranty made by a Debtor herein, or in any statement
 or certificate furnished by it pursuant hereto, shall be false in any
 material respect as of the date of the issuance or making thereof; or

	
 

	
 

	
 

	
          (iii)
 any default in the observance or performance of any covenant set forth or
 otherwise referred to in Section 3(c) hereof or of any provision hereof
 requiring the maintenance of insurance on the Collateral or dealing with the use
 or remittance of proceeds of Collateral; or

	
 

	
 

	
 

	
          (iv)
 any default in the observance or performance of any other provision hereof
 which is not remedied within 30 days from the date any Debtor has
 knowledge of the default; or

	
 

	
 

	
 

	
          (v)
 any event occurs or conditions exists which is specified as an “Event of
 Default” under the Credit Agreement or the Term Loan Agreement.

          (b)
During the existence of any Event of Default, the Agent shall have, in addition
to all other rights provided herein or by law, the rights and remedies of a
secured party under the UCC (regardless of whether the UCC is the law of the
jurisdiction where the rights or remedies are asserted and regardless of
whether the UCC applies to the affected Collateral), and further the Agent may,
without demand and without advertisement, notice, hearing or process of law to
the extent permitted by law, all of which each Debtor hereby waives to the
extent permitted by law, at any time or times, sell and deliver any or all Collateral
held by or for it at public or private sale, at any securities exchange or
broker’s board or at any of the Agent’s offices or elsewhere, for cash, upon
credit or otherwise, at such prices and upon such terms as the Agent deems
advisable, in its sole discretion. Also, if less than all the Collateral is
sold, the Agent shall have no duty to marshall or apportion the part of the
Collateral sold as between the Debtors, or any of them, but may sell and
deliver any or all of the Collateral without regard to which of the Debtors are
the owners thereof. In the exercise of any such remedies, the Agent may sell
all the Collateral as a unit even though the sales price thereof may be in
excess of the amount remaining unpaid on the Obligations. The Agent is authorized
at any sale or other disposition of the Collateral or any part thereof, if it
deems it advisable so to do, to restrict the prospective bidders or purchasers
to persons who will represent and agree that they are purchasing for their own
account for investment, and not with a view to the distribution or resale of
any of the Collateral. In addition to all other sums due the Agent or any
Secured Creditor hereunder, each Debtor shall pay the Agent and the Secured
Creditors all reasonable costs and expenses incurred by the Agent and such
Secured Creditors, including reasonable attorneys’ fees and court costs, in
obtaining, liquidating or enforcing payment of Collateral or the Obligations or
in the prosecution or defense of any action or proceeding by or against the
Agent, such Secured Creditor or any Debtor

- 16 -

concerning any
matter arising out of or connected with this Agreement or the Collateral or the
Obligations, including, without limitation, any of the foregoing arising in,
arising under or related to a case under the United States Bankruptcy Code (or
any successor statute). Any requirement of reasonable notice shall be met if
such notice is personally served on or mailed, postage prepaid, to the Debtors
in accordance with Section 16(b) hereof at least 10 days before the time
of sale or other event giving rise to the requirement of such notice; provided
however, that during the existence of any Event of Default, no
notification need be given to a Debtor if such Debtor has signed, after the
occurrence of such Event of Default, a statement renouncing any right to
notification of sale or other intended disposition. The Agent shall not be
obligated to make any sale or other disposition of the Collateral regardless of
notice having been given. The Agent or any Secured Creditor may be the
purchaser at any such sale. Each Debtor hereby waives to the extent permitted
by law all of its rights of redemption from any such sale. The Agent may
postpone or cause the postponement of the sale of all or any portion of the
Collateral by announcement at the time and place of such sale, and such sale
may, without further notice, be made at the time and place to which the sale
was postponed or the Agent may further postpone such sale by announcement made
at such time and place. The Agent has no obligation to prepare the Collateral
for sale. The Agent may sell or otherwise dispose of the Collateral without
giving any warranties as to the Collateral or any part thereof, including
disclaimers of any warranties of title or the like, and each Debtor
acknowledges and agrees that the absence of such warranties shall not render
the disposition commercially unreasonable.

          (c)
Without in any way limiting the foregoing, if any Event of Default has occurred
and is continuing, the Agent shall have the right, in addition to all other
rights provided herein or by law, to take physical possession of any and all of
the Collateral and anything found therein, the right for that purpose to enter
without legal process any premises where the Collateral may be found (provided
such entry be done lawfully), and the right to maintain such possession on each
Debtor’s premises (the Debtors hereby agreeing to lease such premises without
cost or expense to the Agent or its designee if the Agent so requests) or to
remove the Collateral or any part thereof to such other places as the Agent may
desire. If any Event of Default has occurred and is continuing, the Agent shall
have the right to exercise any and all rights with respect to all Deposit Accounts
of each Debtor, the right to direct the disposition of the funds in each
Deposit Account and to collect, withdraw and receive all amounts due or to
become due or payable under each such Deposit Account. If any Event of Default
has occurred and is continuing, each Debtor shall, upon the Agent’s demand,
assemble the Collateral and make it available to the Agent at a place
designated by the Agent. If the Agent exercises its right to take possession of
the Collateral, each Debtor shall also at its expense perform any and all other
steps requested by the Agent to preserve and protect the security interest
hereby granted in the Collateral, such as placing and maintaining signs
indicating the security interest of the Agent, appointing overseers for the
Collateral and maintaining Collateral records.

          (d)
Without in any way limiting the foregoing, if any Event of Default has occurred
and is continuing, each Debtor hereby grants to the Agent and the Secured
Creditors a royalty-free irrevocable license and right to use all of such
Debtor’s patents, patent applications, patent licenses, trademarks, trademark
registrations, trademark licenses, trade names, trade styles, and similar
intangibles in connection with any foreclosure or other realization by the Agent
or the Secured Creditors on all or any part of the Collateral, provided that
the license granted hereunder shall not include any rights in any license
agreement under which the relevant Debtor is licensee which, by its terms,
prohibits the license contemplated by this Section 10(d). The license and

- 17 -

right granted
the Agent and the Secured Creditors hereby shall be without any royalty or fee
or charge whatsoever.

          (e)
Without in any way limiting the foregoing, if any Event of Default has occurred
and is continuing, all rights of a Debtor to exercise the voting and/or
consensual powers which it is entitled to exercise pursuant to
Section 6(a)(i) hereof and/or to receive and retain the distributions
which it is entitled to receive and retain pursuant to Section 6(a)(ii)
hereof, shall, at the option of the Agent, cease and thereupon become vested in
the Agent, which, in addition to all other rights provided herein or by law,
shall then be entitled solely and exclusively to exercise all voting and other
consensual powers pertaining to the Investment Property (including, without
limitation, the right to deliver notice of control with respect to any
Investment Property held in a securities account or commodity account and
deliver all entitlement orders with respect thereto) and/or to receive and
retain the distributions which such Debtor would otherwise have been authorized
to retain pursuant to Section 6(a)(ii) hereof and shall then be entitled
solely and exclusively to exercise any and all rights of conversion, exchange
or subscription or any other rights, privileges or options pertaining to any
Investment Property as if the Agent were the absolute owner thereof
including, without limitation, the rights to exchange, at its discretion, any
and all of the Investment Property upon the merger, consolidation,
reorganization, recapitalization or other readjustment of the respective issuer
thereof or upon the exercise by or on behalf of any such issuer or the Agent of
any right, privilege or option pertaining to any Investment Property and, in
connection therewith, to deposit and deliver any and all of the Investment
Property with any committee, depositary, transfer agent, registrar or other
designated agency upon such terms and conditions as the Agent may determine. In
the event any of the Collateral shall constitute restricted securities within
the meaning of any applicable securities laws, any disposition thereof in
compliance with such laws shall not render the disposition commercially
unreasonable.

          (f)
The powers conferred upon the Agent hereunder are solely to protect its
interest in the Collateral and shall not impose on it any duty to exercise such
powers. The Agent shall be deemed to have exercised reasonable care in the
custody and preservation of the Collateral in its possession or control if such
Collateral is accorded treatment substantially equivalent to that which the
Agent accords its own property, consisting of similar type assets, it being
understood, however, that the Agent shall have no responsibility for
ascertaining or taking any action with respect to calls, conversions,
exchanges, maturities, tenders or other matters relating to any such
Collateral, whether or not the Agent has or is deemed to have knowledge of such
matters. This Agreement constitutes an assignment of rights only and not an
assignment of any duties or obligations of the Debtors in any way related to
the Collateral, and the Agent shall have no duty or obligation to discharge any
such duty or obligation. The Agent shall have no responsibility for taking any
necessary steps to preserve rights against any parties with respect to any
Collateral or initiating any action to protect the Collateral against the
possibility of a decline in market value. Neither the Agent nor any party
acting as attorney for the Agent shall be liable for any acts or omissions or
for any error of judgment or mistake of fact or law other than their gross
negligence or willful misconduct.

          (g)
Failure by the Agent to exercise any right, remedy or option under this
Agreement or any other agreement between any Debtor and the Agent or provided
by law, or delay by the Agent in exercising the same, shall not operate as a
waiver; and no waiver shall be effective unless it is in writing, signed by the
party against whom such waiver is sought to be enforced and

- 18 -

then only to
the extent specifically stated. Neither the Agent or any Secured Creditor, nor
any party acting as attorney for the Agent or any Secured Creditor, shall be
liable hereunder for any acts or omissions or for any error of judgment or
mistake of fact or law other than such person’s gross negligence or willful
misconduct. The rights and remedies of the Agent and the Secured Creditors
under this Agreement shall be cumulative and not exclusive of any other right
or remedy which the Agent or the Secured Creditors may have. For purposes of
this Agreement, an Event of Default shall be construed as continuing after its
occurrence until the same is waived or cured in writing by the Secured
Creditors or the Required Lenders, as the case may be, in accordance with the
Intercreditor Agreement.

          Section 11.
Application of Proceeds. The proceeds and avails of
the Collateral at any time received by the Agent during the existence of any
Event of Default hereunder shall, when received by the Agent in cash or its
equivalent, be applied by the Agent in reduction of, or as collateral security
for, the Obligations in accordance with the terms of the Intercreditor
Agreement. Each Debtor shall remain liable to the Agent and the Secured
Creditors for any deficiency. Any surplus remaining after the full payment and
satisfaction of the Obligations shall be returned to the Debtors or to
whomsoever the Agent reasonably determines is lawfully entitled thereto.

          Section 12.
Continuing Agreement. This Agreement shall be a
continuing agreement in every respect and shall remain in full force and effect
until all of the Obligations, both for principal and interest, have been fully
paid and satisfied and the commitments of the Secured Creditors to extend
credit or otherwise make financial accommodations available to (i) the Revolver
Borrowers under the Credit Agreement have expired or otherwise been terminated,
and (ii) the Company under the Term Loan Agreement have expired or otherwise
been terminated. Upon each such termination of this Agreement, the Agent shall,
upon the request and at the expense of the Debtors, forthwith release its
security interest hereunder.

          Section 13.
Primary Security; Obligations Absolute. The lien and
security herein created and provided for stand as direct and primary security
for the Obligations. No application of any sums received by the Agent in
respect of the Collateral or any disposition thereof to the reduction of the
Obligations or any portion thereof shall in any manner entitle any Debtor to
any right, title or interest in or to the Obligations or any collateral
security therefor, whether by subrogation or otherwise, unless and until all
Obligations have been fully paid and satisfied and the commitments of the
Secured Creditors to extend credit or otherwise make financial accommodations
available to the Borrowers, or any one of them, under the Credit Agreement and
the Term Loan Agreement have expired or otherwise have been terminated. Each
Debtor acknowledges and agrees that the lien and security hereby created and
provided for are absolute and unconditional and shall not in any manner be
affected or impaired by any acts or omissions whatsoever of the Agent, any
Secured Creditor or any other holder of any of the Obligations, and without
limiting the generality of the foregoing, the lien and security hereof shall
not be impaired by any acceptance by the Agent, any Secured Creditor or any
holder of any of the Obligations of any other security for or guarantors upon
any of the Obligations or by any failure, neglect or omission on the part of
the Agent, any Secured Creditor or any other holder of any of the Obligations
to realize upon or protect any of the Obligations or any collateral security
therefor. The lien and security hereof shall not in any manner be impaired or
affected by (and the Agent and the Secured Creditors, without notice to anyone,
are hereby authorized to make from time to time) any sale, pledge, surrender,
compromise, settlement, release, renewal, extension,

- 19 -

indulgence,
alteration, substitution, exchange, change in, modification or disposition of
any of the Obligations, or of any collateral security therefor, or of any
guaranty thereof or of any obligor thereon. The Secured Creditors may at their
discretion at any time grant credit to the Borrowers, or any of them
individually, without notice to any Debtor in such amounts and on such terms as
the Secured Creditors may elect without in any manner impairing the lien and
security hereby created and provided for. No release, compromise or discharge
of any Debtor hereunder or with respect to any of the Obligations or any
Collateral provided by such Debtor shall release or discharge, or impair the
agreements of, any other Debtor hereunder or in any manner impair the liens and
security interests granted by any other Debtor hereunder; and the Agent may
proceed against the Collateral provided hereunder by any one or more of the
Debtors without proceeding against the other Debtors, their respective
properties or any other security or guaranty whatsoever. Without limiting the
generality of the foregoing, the requisite number of Secured Creditors (as
determined in accordance with the terms of the Intercreditor Agreement) may at
any time or from time to time release any Debtor from its obligations hereunder
or release any Collateral or effect any compromise with any Debtor, and no such
release or compromise shall in any manner impair or otherwise effect the liens
granted by, or the obligations of, the other Debtors hereunder. In order to
foreclose or otherwise realize hereon and to exercise the rights granted the
Agent hereunder and under applicable law, there shall be no obligation on the
part of the Agent, any Secured Creditor or any other holder of any of the
Obligations at any time to first resort for payment to any Borrower or any
other obligor on any of the Obligations or to any guaranty of the Obligations
or any portion thereof or to resort to any other collateral security, property,
liens or any other rights or remedies whatsoever, and the Agent shall have the
right to enforce this instrument irrespective of whether or not other
proceedings or steps are pending seeking resort to or realization upon or from
any of the foregoing.

          Section 14.
The Agent. In acting under or by virtue of this
Agreement, the Agent shall be entitled to all the rights, authority, privileges
and immunities provided in the Credit Agreement and the Term Loan Agreement, all
of which provisions of the Credit Agreement and the Term Loan Agreement
(including, without limitation, Section 10 of each such agreement) are
incorporated by reference herein with the same force and effect as if set forth
herein in their entirety. The Agent hereby disclaims any representation or
warranty to the Secured Creditors concerning the perfection of the security
interest granted hereunder or in the value of any of the Collateral.

          SECTION 15.
PERSONAL JURISDICTION.

          (a)
EXCLUSIVE
JURISDICTION. EXCEPT AS PROVIDED IN SECTION 15(b), THE AGENT,
THE SECURED CREDITORS AND THE DEBTORS AGREE THAT ALL DISPUTES AMONG THEM
ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP
ESTABLISHED AMONG THEM IN CONNECTION WITH THIS AGREEMENT, AND WHETHER ARISING
IN CONTRACT, TORT, EQUITY, OR OTHERWISE, SHALL BE RESOLVED ONLY BY STATE OR
FEDERAL COURTS LOCATED IN COOK COUNTY, ILLINOIS, BUT EACH OF THE AGENT, THE
SECURED CREDITORS AND THE DEBTORS ACKNOWLEDGE THAT ANY APPEALS FROM THOSE
COURTS MAY HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF COOK COUNTY,
ILLINOIS. EACH OF THE DEBTORS WAIVES IN ALL DISPUTES ANY OBJECTION THAT SUCH
DEBTOR MAY HAVE TO THE LOCATION OF THE COURT CONSIDERING THE DISPUTE OR ANY
OBJECTION THAT SUCH DEBTOR MAY HAVE THAT ANY OTHER PARTY HAS NOT BEEN JOINED IN
SUCH PROCEEDING.

- 20 -

          (b)
OTHER
JURISDICTIONS. EACH OF THE DEBTORS AGREES THAT THE AGENT AND THE
SECURED CREDITORS SHALL HAVE THE RIGHT TO PROCEED AGAINST EACH OF THE DEBTORS
OR THEIR COLLATERAL IN A COURT IN ANY LOCATION TO ENABLE THE AGENT OR ANY
SECURED CREDITOR TO REALIZE ON THE COLLATERAL, OR TO ENFORCE A JUDGMENT OR
OTHER COURT ORDER ENTERED IN FAVOR OF THE AGENT OR ANY SECURED CREDITOR,
WHETHER OR NOT PROCEEDING SEPARATELY AGAINST ANY DEBTOR AND ITS PROPERTY OR
JOINTLY AGAINST ANY BORROWER AND ANY ONE OR MORE OF THE DEBTORS AND THEIR
PROPERTY. EACH OF THE DEBTORS AGREES THAT IT WILL NOT ASSERT ANY PERMISSIVE
COUNTERCLAIMS IN ANY PROCEEDING BROUGHT IN ACCORDANCE WITH THIS PROVISION BY
THE AGENT OR ANY SECURED CREDITOR TO REALIZE ON COLLATERAL, OR TO ENFORCE A
JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE AGENT OR ANY SECURED CREDITOR.
EACH OF THE DEBTORS WAIVES ANY OBJECTION THAT IT MAY HAVE TO THE LOCATION OF
THE COURT IN WHICH THE AGENT OR ANY SECURED CREDITOR HAS COMMENCED A PROCEEDING
DESCRIBED IN THIS SUBSECTION.

          Section 16.
Miscellaneous.

          (a)
This Agreement cannot be changed or terminated orally. This Agreement shall
create a continuing lien on and security interest in the Collateral to the
extent set forth herein and shall be binding upon each Debtor and its
successors and assigns and shall inure, together with the rights and remedies
of the Agent and the Secured Creditors hereunder, to the benefit of the Agent,
the Secured Creditors and their successors and assigns; provided, however,
that no Debtor may assign its rights or delegate its duties hereunder without
the prior written consent of the Agent and the Secured Creditors. Without
limiting the generality of the foregoing, and subject to the provisions of the
Credit Agreement or the Term Loan Agreement, as the case may be, any Secured
Creditor as a lender may assign or otherwise transfer any indebtedness held by
it secured by this Agreement to any other person or entity, and such other
person or entity shall thereupon become vested with all the benefits in respect
thereof granted to such Secured Creditor herein or otherwise.

          (b)
Except as otherwise specified herein, all notices hereunder shall be in writing
(including, without limitation, notice by telecopy) and shall be given to the
relevant party, and shall be deemed to have been made when given to the
relevant party, in accordance with Section 8 of the Intercreditor
Agreement. All notices to the Debtors hereunder shall be made to the Company,
as their agent, in accordance with Section 8 of the Intercreditor
Agreement.

          (c)
No Secured Creditor shall have the right to institute any suit, action or
proceeding in equity or at law for the foreclosure or other realization upon
any Collateral subject to this Agreement or for the execution of any trust or
power hereof or for the appointment of a receiver, or for the enforcement of
any other remedy under or upon this Agreement; it being understood and intended
that no one or more of the Secured Creditors shall have any right in any manner
whatsoever to affect, disturb or prejudice the lien and security interest of
this Agreement by its or their action or to enforce any right hereunder, and
that all proceedings at law or in equity shall be instituted, had and
maintained by the Agent in the manner herein provided for the benefit of the
Secured Creditors.

          (d)
In the event that any provision hereof shall be deemed to be invalid or
unenforceable by reason of the operation of any law or by reason of the
interpretation placed thereon by any court, this Agreement shall be construed
as not containing such provision, but 

- 21 -

only as to
such jurisdictions where such law or interpretation is operative, and the
invalidity or unenforceability of such provision shall not affect the validity
of any remaining provisions hereof, and any and all other provisions hereof
which are otherwise lawful and valid shall remain in full force and effect.

          (e)
This Agreement shall be deemed to have been made in the State of Illinois and
shall be governed by, and construed in accordance with, the laws of the State
of Illinois. The headings in this Agreement are for convenience of reference
only and shall not limit or otherwise affect the meaning of any provision
hereof.

          (f)
This Agreement constitutes an assignment of rights only and not an assignment
of any duties or obligations of any Debtor in any way related to the Collateral
and that the Agent and the Secured Creditors shall have no duty or obligation
to perform or discharge any such duty or obligation.

          (g)
In the event the Secured Creditors shall at any time in their discretion permit
a substitution of Debtors hereunder or a party shall wish to become Debtor
hereunder, such substituted or additional Debtor shall, upon executing an
agreement in the form attached hereto as Schedule H, become a party hereto
and be bound by all the terms and conditions hereof to the same extent as
though such Debtor had originally executed this Agreement and in the case of a
substitution, in lieu of the Debtor being replaced. No such substitution shall
be effective absent the written consent of the Secured Creditors nor shall it
in any manner affect the obligations of the other Debtors hereunder.

          (h)
This Agreement may be executed in any number of counterparts and by different
parties hereto on separate counterpart signature pages, each constituting an
original, but all together one and the same agreement.

          (i)
EACH DEBTOR, THE AGENT, AND EACH SECURED CREDITOR HEREBY IRREVOCABLY WAIVES ANY
AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

          (j)
In the event of any inconsistency between this Agreement, the Credit Agreement
or the Term Loan Agreement, respectively, the terms of the Credit Agreement or
the Term Loan Agreement, as applicable, shall govern.

          (k)
Upon the execution and delivery of this Agreement by the Company, the other
Debtors and the Agent, this Agreement shall supersede all provisions of the
Prior Security Agreement as of such date. Each Debtor hereby agrees that,
notwithstanding the execution and delivery of this Agreement, the liens and
security interests created and provided for under the Prior Security Agreement
continue in effect under and pursuant to the terms of this Agreement for the
benefit of all of the Obligations secured hereby. Nothing herein contained
shall in any manner affect or impair the priority of the liens and security
interests created and provided for by the Prior Security Agreement as to the
indebtedness and obligations which would otherwise be secured thereby prior to
giving effect to this Agreement.

[SIGNATURE
PAGES TO FOLLOW] 

- 22 -

          IN
WITNESS WHEREOF, each Debtor has caused this Agreement to be duly
executed and delivered as of the date first above written.

	
 

	
 

	
 

	
 

	
 

	
 

	
“DEBTORS”

	
 

	
 

	
 

	
EMCOR GROUP, INC.

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
Name:

	
 

	
 

	
 

	
 

	

	
 

	
Title:

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
FORTI/POOLE AND KENT, L.L.C.

	
 

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
Name:

	
R. Kevin
 Matz

	
 

	
Title:

	
Manager

	
 

	
 

	
 

	
 

	
 

	
CSUSA HOLDINGS L.L.C.

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
Name:

	
R. Kevin
 Matz

	
 

	
Title:

	
Manager

	
 

	
 

	
 

	
 

	
 

	
TRIMECH PLUMBING L.L.C.

	
 

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
Name:

	
R. Kevin
 Matz

	
 

	
Title:

	
Vice
 President

	
 

	
 

	
 

	
 

	
 

	
SHAMBAUGH & SON, L.P.

	
 

	
By: CSUSA
 Holdings L.L.C., its General Partner

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
Name:

	
R. Kevin
 Matz

	
 

	
Title:

	
Manager

S-1

	
 

	
 

	
 

	
 

	
 

	
 

	
BORDER ELECTRIC CO., L.P.

	
 

	
By: CSUSA
 Holdings L.L.C., its General Partner

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
Name:

	
R. Kevin
 Matz

	
 

	
Title:

	
Manager

	
 

	
 

	
 

	
 

	
 

	
BORDER MECHANICAL CO., L.P.

	
 

	
By: CSUSA
 Holdings L.L.C., its General Partner

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
Name:

	
R. Kevin
 Matz

	
 

	
Title:

	
Manager

	
 

	
 

	
 

	
 

	
WELSBACH ELECTRIC CORP.

	
 

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
Name:

	
 

	
 

	
 

	
 

	

	
 

	
Title:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
AIRCOND CORPORATION

	
 

	
AIR SYSTEMS, INC.

	
 

	
ATLANTIC COAST MECHANICAL, INC.

	
 

	
B & B CONTRACTING & SUPPLY COMPANY

	
 

	
BTE SERVICE, INC.

	
 

	
BUILDING TECHNOLOGY ENGINEERS, INC.

	
 

	
CENTRAL MECHANICAL CONSTRUCTION CO., INC.

	
 

	
CES FACILITIES MANAGEMENT SERVICES, INC.

	
 

	
COMBUSTIONEER CORPORATION

	
 

	
CONTRA COSTA ELECTRIC, INC.

	
 

	
CS48 ACQUISITION CORP.

	
 

	
DESIGN AIR, LIMITED

	
 

	
DUFFY MECHANICAL CORP.

	
 

	
DYN SPECIALTY CONTRACTING, INC.

	
 

	
DYNALECTRIC COMPANY

	
 

	
DYNALECTRIC COMPANY OF NEVADA

	
 

	
DYNALECTRIC COMPANY OF OHIO

	
 

	
DYNALECTRIC OF MICHIGAN, INC.

	
 

	
EMCOR CONSTRUCTION SERVICES, INC. 

	
 

	
EMCOR-CSI HOLDING CO.

	
 

	
EMCOR ENERGY SERVICES, INC

S-2

	
 

	
 

	
 

	
EMCOR FACILITIES SERVICES, INC.

	
 

	
EMCOR GOVERNMENT SERVICES, INC.

	
 

	
EMCOR GOWAN, INC.

	
 

	
EMCOR HYRE ELECTRIC CO. OF INDIANA,
 INC.

	
 

	
EMCOR INTERNATIONAL INC.

	
 

	
EMCOR MECHANICAL/ELECTRICAL SERVICES (EAST),
 INC.

	
 

	
EMCOR SERVICES MIDWEST, INC.

	
 

	
EMCOR SERVICES NORTHEAST, INC.

	
 

	
EMCOR SERVICES NEW YORK/NEW JERSEY,
 INC.

	
 

	
F & G MANAGEMENT, INC.

	
 

	
F & G MECHANICAL CORPORATION

	
 

	
F & G PLUMBING, INC.

	
 

	
FLUIDICS, INC.

	
 

	
FOREST ELECTRIC CORP.

	
 

	
GIBSON ELECTRIC CO., INC.

	
 

	
GREAT MONUMENT CONSTRUCTION COMPANY

	
 

	
HANSEN MECHANICAL CONTRACTORS, INC.

	
 

	
HERITAGE MECHANICAL SERVICES, INC.

	
 

	
HILLCREST SHEET METAL, INC.

	
 

	
HVAC, LTD.

	
 

	
ILLINGWORTH CORPORATION

	
 

	
INTE-FAC CORP.

	
 

	
J.C. HIGGINS CORP.

	
 

	
KDC INC.

	
 

	
KILGUST MECHANICAL, INC.

	
 

	
KUEMPEL SERVICE, INC.

	
 

	
LABOV MECHANICAL, INC.

	
 

	
LABOV PLUMBING, INC.

	
 

	
LOWRIE ELECTRIC COMPANY, INC.

	
 

	
MANDELL MECHANICAL CORPORATION

	
 

	
MARELICH MECHANICAL CO., INC.

	
 

	
MAXIMUM REFRIGERATION & AIR CONDITIONING
 CORP.

	
 

	
MEADOWLANDS FIRE PROTECTION CORP.

	
 

	
MES HOLDINGS CORPORATION

	
 

	
MESA ENERGY SYSTEMS, INC.

	
 

	
MIDLAND FIRE PROTECTION, INC.

	
 

	
MONUMENTAL HEATING, VENTILATING AND AIR
 CONDITIONING CONTRACTORS, INC.

	
 

	
MONUMENTAL INVESTMENT CORPORATION

	
 

	
NEW ENGLAND MECHANICAL SERVICES OF
 MASSACHUSETTS, INC.

	
 

	
NEW ENGLAND MECHANICAL SERVICES, INC.

	
 

	
NOGLE & BLACK MECHANICAL, INC.

	
 

	
NORTH JERSEY MECHANICAL CONTRACTORS, INC.

S-3

	
 

	
 

	
 

	
PACE MECHANICAL
 SERVICES, INC.

	
 

	
PENGUIN AIR
 CONDITIONING CORP.

	
 

	
PENGUIN MAINTENANCE
 AND SERVICES INC.

	
 

	
POOLE & KENT
 COMPANY OF FLORIDA

	
 

	
POOLE AND KENT-NEW
 ENGLAND, INC.

	
 

	
POOLE AND KENT-CONNECTICUT,
 INC.

	
 

	
R. S. HARRITAN
 & COMPANY, INC.

	
 

	
S. A. COMUNALE CO.,
 INC.

	
 

	
THE BETLEM SERVICE
 CORPORATION

	
 

	
THE FAGAN COMPANY

	
 

	
THE FRED B.
 DEBRA CO.

	
 

	
THE POOLE AND
 KENT COMPANY

	
 

	
THE POOLE AND
 KENT CORPORATION

	
 

	
TRAUTMAN & SHREVE,
 INC.

	
 

	
UNIVERSITY MARELICH
 MECHANICAL, INC.

	
 

	
UNIVERSITY MECHANICAL
 & ENGINEERING CONTRACTORS, INC., A CALIFORNIA
 CORPORATION

	
 

	
UNIVERSITY MECHANICAL
 & ENGINEERING CONTRACTORS, INC., AN ARIZONA
 CORPORATION

	
 

	
VIOX SERVICES,
 INC.

	
 

	
WALKER-J-WALKER,
 INC.

	
 

	
WELSBACH ELECTRIC
 CORP. OF L.I.

	
 

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
Name:

	
R. Kevin
 Matz

	
 

	
Title:

	
Vice
 President

S-4

          The
following entities enter into the Agreement effective as of the effective date
of the FR Acquisition as such term is defined in the Term Loan Agreement. 

	
 

	
 

	
 

	
 

	
 

	
FR X OHMSTEDE ACQUISITIONS CO.

	
 

	
HNT HOLDINGS INC.

	
 

	
OHMSTEDE INDUSTRIAL SERVICES INC.

	
 

	
BEAUMONT REAL ESTATE HOLDING COMPANY

	
 

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
Name:

	
R. Kevin
 Matz

	
 

	
Title:

	
Vice
 President

	
 

	
 

	
 

	
 

	
OHMSTEDE PARTNERS LLC

	
 

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
Name:

	
R. Kevin
 Matz

	
 

	
Title:

	
Vice
 President

	
 

	
 

	
 

	
 

	
OHMSTEDE HOLDINGS LLC

	
 

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
Name:

	
R. Kevin
 Matz

	
 

	
Title:

	
Manager

	
 

	
 

	
 

	
 

	
OHMSTEDE LTD.

	
 

	
By: Ohmstede
 Partners LLC, its General Partner

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
Name:

	
R. Kevin
 Matz

	
 

	
Title:

	
Vice
 President

S-5

Acknowledged
and agreed to as of the date first above written.

	
 

	
 

	
 

	
 

	
 

	
 

	
HARRIS N.A., as Agent

	
 

	
 

	
By:

	

	
 

	
Name:

	

	
 

	
Title:

	

S-6

 

SCHEDULE A

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Debtor

  (And Organizational No.)

	
 

	
Chief Executive Office

	
 

	
Additional

  Places of Business

	
 

	
Location of

  Collateral Held

  by Debtor

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Group, Inc.
(Delaware Corporation)

 Org. No. 2120222

	
 

	
301 Merritt
 Seven

 Norwalk, CT 06851

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Construction
Services, Inc. (Delaware Corporation)

 Org. No. 2295158

	
 

	
301 Merritt
 Seven

 Norwalk, CT 06851

	
 

	
1420 Spring
 Hill Road

 Suite 500

 McLean, VA 22102

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Facilities Services, Inc.
(Delaware Corporation)

 Org. No. 2625001

	
 

	
301 Merritt
 Seven

 Norwalk, CT 06851

	
 

	
555 Anton
 Blvd.

 Costa Mesa, CA 92626

 

 4050 East Cotton Center Blvd., 

 Phoenix, AZ 85040

 

 790 Township Rd.

 Yardley, PA

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Mesa Energy Systems, Inc.
(California Corporation)

 Org. No. 1281860

	
 

	
5 Vanderbilt
 

 Irvine, CA 92618

	
 

	
2865
 Progress Place #A

 Escondido, CA 92029

 

 24051 Amador Street

 Hayward, CA 94544

 

 6550 Federal Boulevard

 Lemon Grove, CA 91965

 

 4668 No. Sonora Avenue

 Fresno, CA 93722

 

 7060 Koll Center Parkway

 Pleasanton, CA

 

 16250 Railroad Avenue

 Morgan Hill, CA 95037

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR International Inc.
(Delaware Corporation)

 Org. No. 2184202

	
 

	
301 Merritt
 Seven

 Norwalk, CT 06851

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Debtor

  (And Organizational No.)

	
 

	
Chief Executive Office

	
 

	
Additional

  Places of Business

	
 

	
Location of

  Collateral Held

  by Debtor

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Mechanical/Electrical
Services (East), Inc. 

(Delaware Corporation)

Org. No. 2293360 

	
 

	
301 Merritt
 Seven

 Norwalk, CT 06851

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Energy Services, Inc.
(Delaware Corporation)

 Org. No. 2704011

	
 

	
301 Merritt
 Seven

 Norwalk, CT 06851

	
 

	
Two Penn
 Plaza

 New York, NY 10121

 

 505 Sansome Street

 San Francisco, CA 94111

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Heritage Mechanical Services, Inc.
(New York Corporation)

 None

	
 

	
305 Suburban
 Avenue

 Deer Park, NY 11729

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Welsbach Electric Corp.
(Delaware Corporation)

 Org. No. 0780011

	
 

	
111-01 14th
 Avenue

 College Point, NY 11356-0252

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Forest Electric Corp.
(New York Corporation)

 Org. No. None

	
 

	
2 Penn
 Plaza, Fl. 4

 New York, NY 30121

	
 

	
160 Rarritan
 Ctr. Parkway, 

 Suite 18

 Edison, NJ 08837

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Welsbach Electric Corp. of L.I.
(New York Corporation)

 Org. No. None

	
 

	
300 Newtown
 Road

 Plainview, NY 11803

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Penguin Maintenance and 

 Services Inc (Delaware Corporation)

 Org. No. 2251604

	
 

	
26 West
 Street

 Brooklyn, NY 112221

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Penguin Air Conditioning Corp.
(New York Corporation)

 Org. No. None

	
 

	
26 West
 Street

 Brooklyn, NY 11222

	
 

	
 

	
 

	
See Column 2

A-2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Debtor

  (And Organizational No.)

	
 

	
Chief Executive Office

	
 

	
Additional

  Places of Business

	
 

	
Location of

  Collateral Held

  by Debtor

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
J.C. Higgins Corp.
(Delaware Corporation)

 Org. No. 2232450

	
 

	
70 Hawes Way,
 Fl. 2

 Stoughton, MA 02072

	
 

	
d/b/a Tucker
 Mechanical 

 367 Research Parkway

 Meriden, CT 06450

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Duffy Mechanical Corp.
(Maryland Corporation)

 Org. No. D03916020

	
 

	
15875
 Commerce Court

 Upper Marlboro, MD 20772

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Hyre Electric Co. of 

 Indiana, Inc.
(Delaware Corporation)

 Org. No. 2267293

	
 

	
2655
 Garfield Avenue

 Highland, IN 46322

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Gibson Electric Co., Inc.
(New Jersey Corporation)

 Org. No. 0100081753

	
 

	
3100
 Woodcreek Drive

 Downers Grove, IL 60515

	
 

	
2207A
 Lakeside Dr

 Bannockburn, FL 60015

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
University Mechanical & 

 Engineering 

 Contractors, Inc. 
(California Corporation) 

 Org. No. 527647

	
 

	
1168 Fesler
 Street

 El Cajon, CA 92020

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Pace Mechanical Services, Inc.
(Michigan Corporation)

 Org. No. 488043

	
 

	
6060 Hix
 Road

 Westland, MI 48185

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
University Mechanical & Engineering

 Contractors, Inc. 
(Arizona Corporation)

 Org. No. 0059955-4

	
 

	
1200 North
 Sickles Road

 Tempe, AZ 85281

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Hansen Mechanical Contractors, Inc.
(Nevada Corporation)

 Org. No. C324-1971

	
 

	
6325 South
 Valley View Boulevard

 Las Vegas, NV 89118

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Design Air, Limited
(Washington Corporation)

 Org. No. 600314241

	
 

	
8657 South
 190th Street

 Kent, WA 98031-1270 

	
 

	
 

	
 

	
See Column 2

A-3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Debtor

  (And Organizational No.)

	
 

	
Chief Executive Office

	
 

	
Additional

  Places of Business

	
 

	
Location of

  Collateral Held

  by Debtor

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Trautman & Shreve, Inc.
(Colorado Corporation)

 Org. No. 19911078279

	
 

	
4406 Race
 Street

 Denver, CO 80216

	
 

	
322 Juanita
 Street

 Colorado Springs, CO 80909

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Gowan, Inc.
(Texas Corporation)

 Org. No. 0022008300

	
 

	
5550 Airline
 Drive

 Houston, TX 77076

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Inte-Fac Corp.
(New York Corporation)

 Org. No. None

	
 

	
26 West
 Street

 Brooklyn, NY 11222

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
MES Holdings Corporation
(Delaware Corporation)

 Org. No. 2441388

	
 

	
301 Merritt
 Seven

 Norwalk, CT 06851

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
R. S. Harritan & Company, Inc.
(Virginia Corporation)

 Org. No. 179532

	
 

	
3280 Formex
 Road

 Richmond, VA 23224

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Labov Mechanical, Inc.
(Delaware Corporation)

 Org. No. 2693486

	
 

	
6754 W.
 Washington Avenue

 Pleasantville, NJ 08232

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Labov Plumbing, Inc.
(Delaware Corporation)

 Org. No. 2693386

	
 

	
6754 W.
 Washington Avenue

 Pleasantville, NJ 08232

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric Company of Ohio
(Ohio Corporation)

 Org. No. 807660

	
 

	
2300
 International Street

 Columbus, OH 43228

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric of Michigan, Inc.
(Delaware Corporation)

 Org. No. 2822379

	
 

	
1743
 Maplelawn Avenue

 Troy, Michigan 48084

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Fred B. DeBra Co.
(Delaware Corporation)

 Org. No. 2945595

	
 

	
3876
 Southern Avenue

 Cincinnati, OH 45227

	
 

	
 

	
 

	
See Column 2

A-4

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Debtor

  (And Organizational No.)

	
 

	
Chief Executive Office

	
 

	
Additional

  Places of Business

	
 

	
Location of

  Collateral Held

  by Debtor

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Marelich Mechanical Co., Inc.
(California Corporation)

 Org. No. C2114848

	
 

	
24041 Amador

 Hayward, CA 94544

	
 

	
1000 North
 Kraemer Place

 Anaheim, CA 92806

 

 8670 Younger Creek Drive

 Sacramento, CA 92806

 

 1679 Enterprise Blvd.

 Sacramento, CA 95691

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric Company

 (Delaware Corporation)

 Org. No. 2722041

	
 

	
1420 Spring
 Hill Road, #500

 McLean, VA 22102

	
 

	
3145
 Northwoods Parkway,

 Suite 800

 Norcross, GA 30071

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
300 Walnut
 Street

 Owensboro, KY 42301

 

 d/b/a Ferguson Dynalectric of Colorado

 1410 Ford Street.

 Colorado Springs, CO 80915

 

 345 Sheridan Boulevard

 Denver, Co 80226

 

 3555 W. Oquendo Road

 Las Vegas, NV 89118

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
9505
 Chesapeake Drive

 San Diego, CA 92123

 

 22930 Shaw Road

 Dulles, VA 20166

 

 2904 Southwest First Avenue

 Portland, OR 97201

 

 497 Mueller Lane

 Newport News, VA 23606

	
 

	
 

A-5

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Debtor

  (And Organizational No.)

	
 

	
Chief Executive Office

	
 

	
Additional

  Places of Business

	
 

	
Location of

  Collateral Held

  by Debtor

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
2501 SW 160th
 

 Miramar, FL 33027

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
4462
 Corporate Center Dr.

 Los Alamitos, CA 90702

 

 414 Brannan Street

 San Francisco, CA 94107

 

 2904 SW First Avenue

 Portland, OR 97201

 

 611 Jackson Road, Suite 112

 Ann Arbor, MI 48103

 

 d/b/a Wasatch Electric

 1574 South West Temple 

 Salt Lake City, UT 84115

	
 

	
 

	
Dyn Specialty Contracting, Inc.
(Virginia Corporation)

 Org. No. 295431

	
 

	
1420 Spring
 Hill Road, 

 #500

 McLean, VA 22102

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
KDC Inc.
(California Corporation)

 Org. No. 770706

	
 

	
4462
 Corporate Center Drive

 Los Alamitos, CA 90720

	
 

	
d/b/a KDC
 Systems

 4462 Corporate Center Drive

 Los Alamitos, CA 90720

 

 d/b/a KDC Systems

 2904 S. W. First Avenue

 Portland, OR 97201

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Contra Costa Electric, Inc.
(California Corporation)

 Org. No. C0273069

	
 

	
825 Howe
 Road

 Martinez, CA 94553

	
 

	
3208 Landco
 Drive

 Bakersfield, CA 93308

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric Company of Nevada
(Nevada Corporation)

 Org. No. C238-1958

	
 

	
1420 Spring
 Hill Road, #500

 McLean, VA 22102

	
 

	
 

	
 

	
See Column 2

A-6

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Debtor

  (And Organizational No.)

	
 

	
Chief Executive Office

	
 

	
Additional

  Places of Business

	
 

	
Location of

  Collateral Held

  by Debtor

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
B & B Contracting & Supply Company
(Texas Corporation)

 Org. No. 0108448700

	
 

	
1420 Spring
 Hill Road, #500

 McLean, VA 22102

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Services Northeast, Inc.
(Massachusetts Corporation)

 Org. No. None

	
 

	
80 Hawes Way

 Stoughton, MA 02072

	
 

	
 

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Building Technology Engineers, Inc.
(Massachusetts Corporation)

 Org. No. None

	
 

	
301 Merritt
 Seven

 Norwalk, CT 06851

	
 

	
555 Anton
 Blvd.

 Costa Mesa, CA 92626

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Poole & Kent Company of Florida
(Delaware Corporation)

 Org. No. 3818963

	
 

	
1781 N.W.
 North River Drive

 Miami, FL 33125

	
 

	
1715 Lemon
 Street

 Tampa, FL 33606

 

 901 North Point Parkway, Suite 104

 West Palm Beach, FL 33407

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
BTE Service, Inc.

 (Massachusetts Corporation)

 Org. No. None

	
 

	
301 Merritt
 Seven

 Norwalk, CT 06851

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Monumental Investment Corporation

 (Maryland Corporation)

 Org. No. D01289180

	
 

	
301 Merritt
 Seven

 Norwalk, CT 06851

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Poole and Kent Corporation
(Maryland Corporation)

 Org. No. D00174466

	
 

	
4530 Hollins
 Ferry Road

 Baltimore, MD 21227

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Poole and Kent Company

 (Maryland Corporation)

 Tax I.D. 52-0017984

 Org. No. D00174458

	
 

	
4530 Hollins
 Ferry Road

 Baltimore, MD 21227

	
 

	
 

	
 

	
See Columns 2 & 3

A-7

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Debtor

  (And Organizational No.)

	
 

	
Chief Executive Office

	
 

	
Additional

  Places of Business

	
 

	
Location of

  Collateral Held

  by Debtor

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
S. A. Comunale Co., Inc.

 (Ohio Corporation)

 Org. No. 437451

	
 

	
2900 Newpark
 Drive

 Barberton, OH 44203

	
 

	
5270 Oakwood
 Boulevard

 Mays Landing, NJ

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
3007 Harding
 Highway East

 Mario, OH 43302

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
1002
 International Boulevard

 Cincinnati, OH 45246

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
145 Shaffer
 Drive NE

 Warren, OH 44484

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
1200 E. 55th
 Street, Unit B

 Cleveland, OH 44103

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
99 North
 Broad Street

 Phillipsburg, NJ

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
23042
 Commerce Drive

 Farmington Hills, MI 48335

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Air Systems, Inc.
(California Corporation)

 Org. No. C2497209

	
 

	
940
 Remillard Court

 San Jose, CA 95122

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Fluidics, Inc.
(Pennsylvania Corporation)

 Org. No. 766706

	
 

	
9815
 Roosevelt Blvd., 
Suite A

 Philadelphia, PA 19114

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
University Marelich Mechanical, Inc.
(Delaware Corporation)

 Org. No. 4047723

	
 

	
1000 N.
 Kraemer Place

 Anaheim, CA 92806

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Midland Fire Protection, Inc.
(Rhode Island Corporation)

 Org. No. 56289

	
 

	
6 Grafton
 Street

 Coventry, RI 02816

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Poole and Kent-Connecticut, Inc.
(Maryland Corporation)

 Org. No. D04800199

	
 

	
4530 Hollins
 Ferry Road

 Baltimore, MD 21227

	
 

	
 

	
 

	
See Column 2

A-8

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Debtor

  (And Organizational No.)

	
 

	
Chief Executive Office

	
 

	
Additional

  Places of Business

	
 

	
Location of

  Collateral Held

  by Debtor

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Poole and Kent – New England, Inc.
(Maryland Corporation)

 Org. No. D03688207

	
 

	
4530 Hollins
 Ferry Road

 Baltimore, MD 21227

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Monumental Heating, Ventilating 

 and Air Conditioning Contractors, Inc.

 (Maryland Corporation)

 Org. No. D04254868

	
 

	
4530 Hollins
 Ferry Road

 Baltimore, MD 21227

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Forti/Poole and Kent, L. L. C. 

 (Maryland LLC)
Org. No. W04265096

	
 

	
4530 Hollins
 Ferry Road

 Baltimore, MD 21227

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
HVAC, Ltd.
(Maryland Corporation)

 Org. No. D00816884

	
 

	
4530 Hollins
 Ferry Road

 Baltimore, MD 21227

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Atlantic Coast Mechanical, Inc.
(Maryland Corporation)

 Org. No. D01557800

	
 

	
4530 Hollins
 Ferry Road

 Baltimore, MD 21227

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Great Monument Construction Company
(Maryland Corporation)

 Org. No. D01495571

	
 

	
301 Merritt
 Seven

 Norwalk, CT 06851

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR- CSI Holding Co.
(Delaware Corporation)

 Org. No. 3486633

	
 

	
301 Merritt
 Seven

 Norwalk, CT 06851

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Border Electric Co., L.P.

 (Texas Limited Partnership)

 Org. No. 0012427910

	
 

	
6939
 Commerce Avenue

 El Paso, TX 79915

	
 

	
 

	
 

	
See Column 2

A-9

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Debtor

  (And Organizational No.)

	
 

	
Chief Executive Office

	
 

	
Additional

  Places of Business

	
 

	
Location of

  Collateral Held

  by Debtor

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Border Mechanical Co., L.P.
(Texas Limited Partnership)

 Org. No. 0012428010

	
 

	
6939
 Commerce Avenue

 El Paso, TX 79915

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Central Mechanical Construction Co., Inc.
(Delaware Corporation)

 Org. No. 2892099

	
 

	
631 Pecan
 Circle 

 Manhattan, KS 66502

	
 

	
725 NE
 Highway 24

 Topeka, KS 66608 

 

 506 East 23rd 

 Lawrence, KS 66046

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
CS48 Acquisition Corp.

 (Delaware Corporation)

 Org. No. 2955782

	
 

	
301 Merritt
 Seven

 Norwalk, CT 06851

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
CSUSA Holdings L.L.C.

 (Delaware Corporation)

 disregarded entity

 Org. No. 3467627

	
 

	
301 Merritt
 Seven

 Norwalk, CT 06851

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
F & G Mechanical Corporation
(Delaware Corporation)

 Org. No. 2850884

	
 

	
348 New
 County Road

 Secaucus, NJ 07094

	
 

	
 

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
F & G Plumbing, Inc.

 (New Jersey Corporation)

 Org. No. 0100873145

	
 

	
348 New
 County Road

 Secaucus, NJ 07094

	
 

	
2400 83rd
 Street

 North Bergen, NJ 07047

	
 

	
See Columns 2 &3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Services New York/
New Jersey, Inc.

(Delaware Corporation)

Org. No. 2930475 

	
 

	
24-37 46th
 Street

 Long Island City, NY 11103

	
 

	
231 West
 Parkway

 Pompton Plains, NJ 07444

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Hillcrest Sheet Metal, Inc.

 (Delaware Corporation)

 Org. No. 2788607

	
 

	
4540 Easton
 Drive

 Bakersfield, CA 93309

	
 

	
 

	
 

	
See Column 2

A-10

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Debtor

  (And Organizational No.)

	
 

	
Chief Executive Office

	
 

	
Additional

  Places of Business

	
 

	
Location of

  Collateral Held

  by Debtor

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Kilgust Mechanical, Inc.

 (Delaware Corporation)

 Org. No. 2913106

	
 

	
6950 Gisholt
 Drive

 Madison, WI 53713

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Kuempel Service, Inc.
(Ohio Corporation)

 Org. No. 581186

	
 

	
3876
 Southern Avenue

 Cincinnati, OH 45227

	
 

	
1725 East
 Woodman Drive

 Dayton, OH 45420

 

 105 E. Fourth Street

 Cincinnati, OH

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Lowrie Electric Company, Inc.
(Tennessee Corporation)

 Org. No. 0154850

	
 

	
7520
 Bartlett Corporate 

 Cove, East

 Bartlett, TN 38133

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Mandell Mechanical Corporation

 (New York Corporation)

 Org. No. None

	
 

	
250 West 57th
 Street, 
Suite 1427-28

 New York, NY 30107

	
 

	
24-37 46th
 Street

 Long Island City, NY 11103

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Maximum Refrigeration & Air 

 Conditioning Corp.
(Delaware Corporation)

 Org. No. 2892098

	
 

	
1310 Central
 Avenue

 Hillside, NJ 07205

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Meadowlands Fire Protection Corp.
(New Jersey Corporation)

 Org. No. 0100215829

	
 

	
30 Seaview
 Drive

 Secaucus, NJ 07094

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Nogle & Black Mechanical, Inc.
(Delaware Corporation)

 Org. No. 0100076108

	
 

	
1406 W.
 Cardinal Court

 Urbana, IL 61803

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
North Jersey Mechanical Contractors, Inc.
(New Jersey Corporation)

 Org. No. 0100076108

	
 

	
2 North
 Street, Suite 2B

 Waldwick, NJ 07463

	
 

	
2400 – 83rd
 Street

 North Bergen, NJ 07047

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Shambaugh & Son, L.P.

 (Texas Limited Partnership)

 Org. No. 002169710

	
 

	
7614
 Opportunity Drive

 Fort Wayne, IN 46825

	
 

	
Shambaugh
 & Son, L.P.

 Detroit Fire Protection 

 21667 Melrose Avenue

 Southfield, MI 48075

	
 

	
See Columns 2 & 3

A-11

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Debtor

  (And Organizational No.)

	
 

	
Chief Executive Office

	
 

	
Additional

  Places of Business

	
 

	
Location of

  Collateral Held

  by Debtor

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Shambaugh
 & Son, L.P.

 South Bend Mechanical 

 13738 E. Jefferson Blvd.

 Mishawaka, IN 46545

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Shambaugh
 & Son, L.P.

 Ed Grace Division

 2600 Duncan Road

 Lafayette, IN 47904

 

 Advanced Systems 
Computer Consultants

 4711 Speedway Drive

 Fort Wayne, IN 46825

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Advanced
 Systems Group, Inc.

 4711 Speedway Drive

 Fort Wayne, IN 46825

 

 Shambaugh & Son, L.P.

 Lafayette Electric Division

 2600 Duncan Road

 Lafayette, IN 47904

 

 Shambaugh & Son, L.P.

 Toledo Fire Protection

 212 West Wayne Street

 Maumee, OH 43537

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Shambaugh
 & Son, L.P.

 Indianapolis Electric Division

 1010 E. Summer Avenue

 Indianapolis, IN 46227

 

 d/b/a Havel Brothers

 7525 DiSalle Blvd.

 Fort Wayne, IN 46825

	
 

	
 

A-12

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Debtor

  (And Organizational No.)

	
 

	
Chief Executive Office

	
 

	
Additional

  Places of Business

	
 

	
Location of

  Collateral Held

  by Debtor

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
d/b/a Havel
 Brothers

 Sugar Maple Court

 South Bend, IN 46628

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
d/b/a Havel
 Brothers

 5128 W 79th Street

 Indianapolis, IN 46268

 

 Shambaugh & Son, L.P.

 South Bend Fire Protection 

 13738 E. Jefferson Blvd.

 Mishawaka, IN 46545

 

 Shambaugh & Son, L.P.

 2820 Thatcher Road

 Downers Grove, IL 60515

 

 d/b/a Havel Brothers

 8233 Neptune, Suite 1

 Kalamazoo, MI 49009

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Fagan Company
(Kansas Corporation)

 Org. No. 630954

	
 

	
3125
 Brinkerhoff Road

 Kansas City, KS 66115

	
 

	
2118 West
 Harry

 Wichita, KS 67213

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Walker-J-Walker, Inc.

 (Tennessee Corporation)

 Org. No. 0033339

	
 

	
4067 New
 Getwell Road

 Memphis, TN 38118

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Government Services, Inc.
(Maryland Corporation)

 Org. No. D03903283

	
 

	
320 23rd
 Street South, 
Suite 100

 Arlington, VA 22202

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Aircond Corporation

 (Georgia Corporation)

 Org No. J202485

	
 

	
400 Lake
 Ridge Drive,
S.E.

 Smyrna, GA 30082

	
 

	
485 Buford
 Drive

 Lawrenceville, GA 30045

 

 4480 Riverside Drive

 Macon, GA 31210

	
 

	
See Columns 2 & 3

A-13

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Debtor

  (And Organizational No.)

	
 

	
Chief Executive Office

	
 

	
Additional

  Places of Business

	
 

	
Location of

  Collateral Held

  by Debtor

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
2770 West
 Point Road

 Lagrange, GA 30240

 

 2450 Lakeland Road, Suite 1

 Dalton, GA 30721

 

 700 Gracern Road

 Columbia, SC 29210-7651

 

 120 Old Mill Road, Suite G

 Greenvile, SC 29607

 

 4314 Belair Frontage Road, Suite F

 Augusta, GA 30909

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Betlem Service Corporation
(New York Corporation)

 Org. No. None

	
 

	
704 Clinton
 Avenue,
South

 Rochester, NY 14620

	
 

	
11521 Reames
 Road, Suite 103

 Charlotte, NC 28269

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
CES Facilities Management 

 Services, Inc.
(Maryland Corporation)

 Org. No. D05515994

	
 

	
320 23rd
 Street South, 
Suite 100

 Arlington, VA 22202

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Combustioneer Corporation

 (Maryland Corporation)

 Org. No. D03050507

	
 

	
643
 Lofstrand Lane

 Rockville, MD 20850

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Services Midwest, Inc.
(Delaware Corporation)

 Org No. 4026937

	
 

	
960
 Industrial Road

 Unit 2

 Elmhurst, IL 60126

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Illingworth Corporation
(Wisconsin Corporation)

 Org No. 2102255

	
 

	
615 South 89th
 Street

 Milwaukee, WI 53214

	
 

	
 

	
 

	
 

A-14

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Debtor

  (And Organizational No.)

	
 

	
Chief Executive Office

	
 

	
Additional

  Places of Business

	
 

	
Location of

  Collateral Held

  by Debtor

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
New England Mechanical Services of

 Massachusetts, Inc.
(Massachusetts Corporation)

 Org. No. None

	
 

	
17 Third
 Street

 Palmer, MA 01069

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
New England Mechanical Services, Inc.
(Connecticut Corporation)

 Org. No. 0033131

	
 

	
166 Tunnel
 Road

 Vernon, CT 06066

	
 

	
30 Linden
 Drive

 Trumbull, CT 06611

 

 690 Asylum Avenue

 Hartford, CT 06105

 

 3 Shaw’s Cove

 New London, CT 06320

 

 17 Third Street

 Palmer, MA 01069

 

 203 Concord Street

 Pawtucket, RI 02860

	
 

	
See Columns 2 & 3

 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Trimech Plumbing L.L.C.
(Delaware Limited Liability Corp.)

 Org. No. 3463843

	
 

	
231 West
 Parkway

 Pompton Plains, NJ 07444

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Viox Services, Inc.

 (Ohio Corporation)

 Org. No. 470852

	
 

	
15 W.
 Voorhees Street

 Cincinnati, OH 07444

	
 

	
2020 15th
 Street

 Columbus, IN 47201

 

 1144 East Market Street

 Akron, OH 44316

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
F & G Management, Inc.

 (Delaware Corporation)

 Org. No. 3581028

	
 

	
301 Merritt
 Seven

 Norwalk, CT 06851

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
FR X Ohmstede Acquisitions Co.
(Delaware Corporation)

 Org. No. 4168905

	
 

	
937 Pine St.

 Beaumont, TX 77701

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
HNT Holdings Inc.
(Delaware Corporation)

 Org. No. 3372290

	
 

	
937 Pine St.

 Beaumont, TX 77701

	
 

	
 

	
 

	
See Column 2

A-15

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Debtor

  (And Organizational No.)

	
 

	
Chief Executive Office

	
 

	
Additional

  Places of Business

	
 

	
Location of

  Collateral Held

  by Debtor

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede Partners LLC
(Delaware LLC)

 Org. No. 3388080

	
 

	
937 Pine St.

 Beaumont, TX 77701

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede Holdings LLC
(Delaware LLC)

 Org. No. 3388083

	
 

	
937 Pine St.

 Beaumont, TX 77701

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede Ltd.
(Texas Limited Partnership)

 Org. No. 00151033-10

	
 

	
937 Pine St.

 Beaumont, TX 77701

	
 

	
895 N. Main
 Street

 Beaumont, TX 77701

 

 410 Flato Rd.

 Corpus Christi, TX 78405

 

 12415 Highway 225

 LaPorte, TX 77571

 

 4250 Highway 30

 St. Gabriel, LA 70776

 

 1750 Swisco Rd.

 Sulphur, LA 70665

	
 

	
See Columns 2 & 3

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede Industrial Services Inc.
(Texas Corporation)

 Org. No. 117921700

	
 

	
937 Pine St.

 Beaumont, TX 77701

	
 

	
 

	
 

	
See Column 2

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Beaumont Real Estate Holding Company
(Texas Corporation)

 Org. No. 800104306

	
 

	
937 Pine St.

 Beaumont, TX 77701

	
 

	
 

	
 

	
See Column 2

A-16

SCHEDULE
B

TRADE
NAMES

	
 

	
 

	
 

	
 

	
 

	
Debtor’s
Name 

	
  

	
Prior
Legal Name in Past 

5 Years 

	
  

	
Trade
Names/Names in Past 5 

Years 

	
  

	
  

	
  

	
  

	
  

	
EMCOR Group, Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
EMCOR Construction Services, 

Inc. 

	
  

	
EMCOR Construction 

Holding Services, Inc.

(DE)

EMCOR 

Mechanical/Electrical 

Services (Midwest), 

Inc.; EMCOR 

Mechanical/Electrical 

Services (South), Inc.; 

EMCOR 

Mechanical/Electrical 

Services (West), Inc. - 

each in DE 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
EMCOR Facilities Services, Inc. 

	
  

	
None 

	
  

	
EMCOR Energy Services

EMCOR Industrial 

	
  

	
  

	
  

	
  

	
Services
Consulting 

	
  

	
  

	
  

	
  

	
Group 

	
  

	
  

	
  

	
  

	
Efacilities 

	
  

	
  

	
  

	
  

	
Chicago Fire Protection  

	
  

	
  

	
  

	
  

	
Group 

	
  

	
  

	
  

	
  

	
Facilities Knowledge 

	
  

	
  

	
  

	
  

	
Center (with respect to

the Phoenix, AZ 

property) 

	
  

	
  

	
  

	
  

	
  

	
Mesa Energy Systems, Inc. 

	
  

	
None 

	
  

	
EMCOR Services  

	
  

	
  

	
  

	
  

	
Integrated
Solutions 

	
  

	
  

	
  

	
  

	
EMCOR Service VSD

EMCOR Services 

	
  

	
  

	
  

	
  

	
Fuller Air
Conditioning 

	
  

	
  

	
  

	
  

	
EMCOR Services ARC

EMCOR Services Fuller 

	
  

	
  

	
  

	
  

	
(with respect to the 

Lemon Grove, CA 

property) 

	
  

	
  

	
  

	
  

	
  

	
EMCOR International Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
EMCOR Mechanical/

Electrical Services (East), Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
EMCOR Energy Services, Inc. 

	
  

	
EMCOR Energy &

Technologies, Inc. 

	
  

	
EMCOR Energy

EMCOR Energy Services 

	
  

	
  

	
(DE) 

	
  

	
  

	
  

	
  

	
Newcomb Anderson 

	
  

	
EMCOR Telecom 

	
  

	
  

	
Associates (CA) 

	
  

	
EMCOR Technologies 

	
 

	
 

	
 

	
 

	
 

	
Debtor’s
Name 

	
  

	
Prior
Legal Name in Past 

5 Years 

	
  

	
Trade
Names/Names in Past 5 

Years 

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
Heritage Mechanical Services, 

Inc. 

	
  

	
Heritage Mandell 

Mechanical Services,

Inc. (NY) 

	
  

	
EMCOR Service
Heritage 

Air Systems 

	
  

	
  

	
  

	
  

	
  

	
Welsbach Electric Corp. 

	
  

	
None 

	
  

	
Tech Serv 

	
  

	
  

	
  

	
  

	
  

	
Forest Electric Corp. 

	
  

	
None 

	
  

	
Forest Datacom Services 

	
  

	
  

	
  

	
  

	
  

	
Welsbach Electric Corp. of L.I. 

	
  

	
None 

	
  

	
Broadway
Maintenance 

Forest/Welsbach 

Technical Services 

	
  

	
  

	
  

	
  

	
  

	
Penguin Maintenance and 

Services Inc. 

	
  

	
None 

	
  

	
Broadway
Maintenance & 

Service 

	
  

	
  

	
  

	
  

	
  

	
Penguin Air Conditioning Corp. 

	
  

	
None 

	
  

	
Penguin Broadway

Electrical Maintenance 

	
  

	
  

	
  

	
  

	
  

	
J. C. Higgins Corp. 

	
  

	
None 

	
  

	
Tucker Mechanical 

	
  

	
  

	
  

	
  

	
EMCOR Service
Tucker 

Mechanical 

	
  

	
  

	
  

	
  

	
  

	
Duffy Mechanical Corp. 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
EMCOR Hyre Electric Co. of 

Indiana, Inc. 

	
  

	
JWP/Hyre Electric Co. 

of Indiana, Inc.

(DE) 

	
  

	
Hyre Electric 

	
  

	
  

	
  

	
  

	
  

	
Gibson Electric Co., Inc. 

	
  

	
None 

	
  

	
Gibson Electric

EMCOR Technologies 

	
  

	
  

	
  

	
  

	
Gibson Electric
and 

Technologies 

	
  

	
  

	
  

	
  

	
  

	
University Mechanical & 

Engineering Contractors, Inc. 

(California Corporation) 

	
  

	
None 

	
  

	
Spira-Loc 

	
  

	
  

	
  

	
  

	
  

	
Pace Mechanical Services, Inc. 

	
  

	
None 

	
  

	
EMCOR Service
Pace 

Mechanical 

	
  

	
  

	
  

	
  

	
EMCOR Service
Pace 

Mechanical Services, Inc. 

	
  

	
  

	
  

	
  

	
  

	
University Mechanical & 

Engineering Contractors, Inc. 

(Arizona Corporation) 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Hansen Mechanical Contractors, 

Inc. 

	
  

	
None 

	
  

	
None 

B-2

	
 

	
 

	
 

	
 

	
 

	
Debtor’s
Name 

	
  

	
Prior
Legal Name in Past 

5 Years 

	
  

	
Trade
Names/Names in Past 5 

Years 

	
  

	
  

	
  

	
  

	
  

	
Design Air, Limited 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Trautman & Shreve, Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
EMCOR Gowan, Inc. 

	
  

	
None 

	
  

	
Gowan, Inc. 

	
  

	
  

	
  

	
  

	
The Warren Company 

	
  

	
  

	
  

	
  

	
Gowco 

	
  

	
  

	
  

	
  

	
Systems Commissioning 

	
  

	
  

	
  

	
  

	
Gowan Sheet Metal 

	
  

	
  

	
  

	
  

	
EMCOR Service Gowan 

	
  

	
  

	
  

	
  

	
EMCOR Service
Gowan, 

Inc. 

	
  

	
  

	
  

	
  

	
  

	
Inte-Fac Corp. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
MES Holdings Corporation 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
R. S. Harritan & Company, Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Labov Mechanical, Inc. 

	
  

	
None 

	
  

	
Labov Mechanical

Contractors 

	
  

	
  

	
  

	
  

	
EMCOR Services Labov 

	
  

	
Labov Plumbing, Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Dynalectric Company of Ohio 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Dynalectric of Michigan, Inc. 

	
  

	
None 

	
  

	
John Miller
Electric & 

Technologies 

	
  

	
  

	
  

	
  

	
  

	
The Fred B. DeBra Co. 

	
  

	
None 

	
  

	
DeBra Kuempel 

	
  

	
  

	
  

	
  

	
EMCOR Service
DeBra-

Kuempel 

	
  

	
  

	
  

	
  

	
EMCOR Service
Automated 

Controls 

	
  

	
  

	
  

	
  

	
  

	
Marelich Mechanical Co., Inc. 

	
  

	
None 

	
  

	
Control Systems Specialist 

	
  

	
  

	
  

	
  

	
University
Marelich 

Mechanical 

	
  

	
  

	
  

	
  

	
  

	
Dynalectric Company 

	
  

	
None 

	
  

	
Dynatran 

	
  

	
  

	
  

	
  

	
Ferguson
Dynalectric of 

Colorado 

	
  

	
  

	
  

	
  

	
Wasatch 

	
  

	
  

	
  

	
  

	
Dynalectric
Information 

Technologies 

	
  

	
  

	
  

	
  

	
Dynalectric
Service & 

Systems Group 

	
  

	
  

	
  

	
  

	
EMCOR
Construction 

Services 

B-3

	
 

	
 

	
 

	
 

	
 

	
Debtor’s
Name 

	
  

	
Prior
Legal Name in Past 

5 Years 

	
  

	
Trade
Names/Names in Past 5 

Years 

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
Dynatechnologies 

	
  

	
  

	
  

	
  

	
  

	
DYN Specialty Contracting, Inc. 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
KDC Inc. 

	
  

	
None 

	
  

	
KDC Systems

Dynalectric

IDMA 

	
  

	
  

	
  

	
  

	
  

	
Contra Costa Electric, Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Dynalectric Company of Nevada 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
B & B Contracting and Supply 

Company 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
EMCOR Services Northeast, Inc. 

	
  

	
Balco, Inc.

(MA) 

	
  

	
EMCOR Services
Balco/

J.C. Higgins 

	
  

	
  

	
Commonwealth Air

Conditioning and 

Heating, Inc.

(MA) 

	
  

	
EMCOR Services CommAir 

	
  

	
  

	
  

	
  

	
EMCOR Services 

CommAir/Balco

EMCOR Services Northeast 

Balco/J.C. Higgins

EMCOR Services Northeast

CommAir

EMCOR Services Northeast

CommAir Balco 

	
  

	
  

	
  

	
  

	
  

	
Building Technology Engineers, 

Inc. 

	
  

	
None 

	
  

	
BTE (Massachusetts), Inc. 

	
  

	
  

	
  

	
  

	
BTE of Massachusetts 

	
  

	
  

	
  

	
  

	
Building
Operations 

Technologies of Mass 

	
  

	
  

	
  

	
  

	
Building Technology, Inc. 

	
  

	
  

	
  

	
  

	
Building Technology 

	
  

	
  

	
  

	
  

	
  

	
Poole & Kent Company of Florida 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
BTE Service, Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Monumental Investment 

Corporation 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
The Poole and Kent Corporation 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
The Poole and Kent Company 

	
  

	
None 

	
  

	
EMCOR Service
Poole and 

Kent 

	
  

	
  

	
  

	
  

	
EMCOR Service
Poole and 

Kent Northern 

Operations 

	
  

	
  

	
  

	
  

	
EMCOR Service
Poole and 

B-4

	
 

	
 

	
 

	
 

	
 

	
Debtor’s
Name 

	
  

	
Prior
Legal Name in Past 

5 Years 

	
  

	
Trade
Names/Names in Past 5 

Years 

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
Kent Southern 

Operations 

	
  

	
  

	
  

	
  

	
The Poole and
Kent 

Company of Maryland 

	
  

	
  

	
  

	
  

	
  

	
S. A. Comunale Co., Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Air Systems, Inc. 

	
  

	
Air Systems 

Acquisition, Inc. 

	
  

	
EMCOR Services
Air 

Systems 

	
  

	
  

	
San Jose Air Systems, 

Inc. 

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
Fluidics, Inc. 

	
  

	
Wredna, Inc. (DE) and

QLR Corporation (DE) 

	
  

	
EMCOR Services Fluidics 

	
  

	
  

	
  

	
  

	
  

	
University Marelich Mechanical Co., Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Midland Fire Protection, Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Poole and Kent-Connecticut, Inc. 

	
  

	
Environmental 

Engineering Company 

(MD) 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
Poole and Kent 

Distributors, Inc. (MD) 

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
Poole and Kent - New England, 

Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Monumental Heating, Ventilating 

and Air Conditioning 

Contractors, Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Forti/Poole and Kent, LLC 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
HVAC, Ltd. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
Atlantic Coast Mechanical, Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Great Monument Construction

Company 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
EMCOR-CSI Holding Co. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Border Electric Co., L.P. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Border Mechanical Co., L.P. 

	
  

	
None 

	
  

	
None 

B-5

	
 

	
 

	
 

	
 

	
 

	
Debtor’s
Name 

	
  

	
Prior
Legal Name in Past 

5 Years 

	
  

	
Trade
Names/Names in Past 5 

Years 

	
  

	
  

	
  

	
  

	
  

	
Central Mechanical Construction 

Co., Inc. 

	
  

	
None 

	
  

	
None. 

	
  

	
  

	
  

	
  

	
  

	
CS48 Acquisition Corp. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
CSUSA Holdings L.L.C. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
F & G Mechanical Corporation 

	
  

	
None 

	
  

	
EMCOR Service F
& G 

Mechanical 

	
  

	
  

	
  

	
  

	
  

	
F & G Plumbing, Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
EMCOR Services New York/

New Jersey, Inc. 

	
  

	
Gotham Air 

Conditioning Service, 

Inc. (DE) 

	
  

	
EMCOR Services
Gotham 

Air 

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
Trimech Corporation 

(NJ) 

	
  

	
EMCOR Services Trimech 

	
  

	
  

	
  

	
  

	
  

	
Hillcrest Sheet Metal, Inc. 

	
  

	
None 

	
  

	
Healthy Air Ducts

Hillcrest Air Conditioning 

	
  

	
  

	
  

	
  

	
  

	
Kilgust Mechanical, Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Kuempel Service, Inc. 

	
  

	
None 

	
  

	
EMCOR Services DeBra 

Kuempel

DeBra Kuempel 

	
  

	
  

	
  

	
  

	
  

	
Lowrie Electric Company, Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Mandell Mechanical Corporation 

	
  

	
None 

	
  

	
Heritage Mandell 

	
  

	
  

	
  

	
  

	
  

	
Maximum Refrigeration & Air 

Conditioning Corp. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Meadowlands Fire Protection 

Corp. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Nogle & Black Mechanical, Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
North Jersey Mechanical 

Contractors, Inc. 

	
  

	
None 

	
  

	
NJM Service 

	
  

	
  

	
  

	
  

	
North Jersey
Maximum 

Mechanical 

B-6

	
 

	
 

	
 

	
 

	
 

	
Debtor’s
Name 

	
  

	
Prior
Legal Name in Past 

5 Years 

	
  

	
Trade
Names/Names in Past 5 

Years 

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
  

	
TCF, Inc. 

	
  

	
  

	
  

	
  

	
  

	
Shambaugh & Son, L.P. 

	
  

	
None 

	
  

	
Havel Brothers 

	
  

	
  

	
  

	
  

	
Ed Grace 

	
  

	
  

	
  

	
  

	
Guardian Fire Protection 

	
  

	
  

	
  

	
  

	
Acoustics 

	
  

	
  

	
  

	
  

	
Advanced Systems Group 

	
  

	
  

	
  

	
  

	
Advanced Systems

Computer Consultants 

	
  

	
  

	
  

	
  

	
  

	
The Fagan Company 

	
  

	
None 

	
  

	
KC Fab

Fagan Supermarket 

Refrigeration 

	
  

	
  

	
  

	
  

	
  

	
Walker-J-Walker, Inc. 

	
  

	
None 

	
  

	
EMCOR Service Walker 

	
  

	
  

	
  

	
  

	
EMCOR Services
Walker J. 

Walker 

	
  

	
  

	
  

	
  

	
  

	
EMCOR Government Services, Inc. 

	
  

	
Consolidated 

Engineering Services, 

Inc. (MD) 

	
  

	
Consolidated Services, Inc. 

	
  

	
  

	
  

	
  

	
Consolidated
Engineering 

Services, Inc. 

	
  

	
  

	
  

	
  

	
  

	
Aircond Corporation 

	
  

	
None 

	
  

	
EMCOR Services Aircond 

	
  

	
  

	
  

	
  

	
  

	
The Betlem Service Corporation 

	
  

	
None 

	
  

	
EMCOR Services
Betlem 

Residential 

	
  

	
  

	
  

	
  

	
EMCOR Services
Betlem 

Service 

	
  

	
  

	
  

	
  

	
  

	
CES Facilities Management Services, Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Combustioneer Corporation 

	
  

	
None 

	
  

	
EMCOR Services 

Combustioneer 

	
  

	
  

	
  

	
  

	
  

	
EMCOR Services Midwest, Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Illingworth Corporation 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
New England Mechanical Services 

of Massachusetts, Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
New England Mechanical 

Services, Inc. 

	
  

	
None 

	
  

	
NEMSI 

	
  

	
  

	
  

	
  

	
EMCOR Services
New 

England Mechanical 

	
  

	
  

	
  

	
  

	
  

	
Trimech Plumbing L.L.C. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Viox Services, Inc. 

	
  

	
None 

	
  

	
None 

B-7

	
 

	
 

	
 

	
 

	
 

	
Debtor’s
Name 

	
  

	
Prior
Legal Name in Past 

5 Years 

	
  

	
Trade
Names/Names in Past 5 

Years 

	
  

	
  

	
  

	
  

	
  

	
F & G Management, Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
FR X Ohmstede Acquisitions Co. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Ohmstede Partners LLC 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Beaumont Real Estate Holding Company 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
HNT Holdings Inc. 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Ohmstede Industrial Services Inc. 

	
  

	
Hydraulic Extractor 

Services, Inc. 

	
  

	
Hydraulic Extractor 

Services, Inc. 

	
  

	
  

	
  

	
  

	
  

	
Ohmstede Holdings LLC 

	
  

	
None 

	
  

	
None 

	
  

	
  

	
  

	
  

	
  

	
Ohmstede Ltd. 

	
  

	
Ohmstede LP 

	
  

	
None 

B-8

SCHEDULE C

INTELLECTUAL PROPERTY

Trademarks and
Trademark Applications: EMCOR Group, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
TRADEMARK

	
 

	
COUNTRY

	
 

	
STATUS

	
 

	
APP. NO.

	
 

	
FILED

	
 

	
REG. NO.

	
 

	
REGISTERED

	

	

	

	

	

	

	

	

	

	

	

	

	

	
Be There For
 Life

	
 

	
CANADA

	
 

	
PENDING

	
 

	
1,341,139

	
 

	
03/28/2007

	
 

	
 

	
 

	
 

	
Be There For
 Life

	
 

	
EUROPEAN
 UNION (CT)

	
 

	
PENDING

	
 

	
005835699

	
 

	
04/17/2007

	
 

	
 

	
 

	
 

	
Be There For
 Life

	
 

	
UNITED
 STATES

	
 

	
PENDING

	
 

	
77/027,226

	
 

	
10/23/2006

	
 

	
 

	
 

	
 

	
Design

	
 

	
EUROPEAN
 UNION (CT)

	
 

	
PENDING

	
 

	
004986816

	
 

	
03/30/2006

	
 

	
 

	
 

	
 

	
Design

	
 

	
SOUTH AFRICA

	
 

	
REGISTERED

	
 

	
2001/12319

	
 

	
7/17/2001

	
 

	
2001/12319

	
 

	
3/15/2006

	
Design

	
 

	
SOUTH AFRICA

	
 

	
PENDING

	
 

	
2001/12318

	
 

	
7/17/2001

	
 

	
 

	
 

	
 

	
Diamond
 Design

	
 

	
CANADA

	
 

	
REGISTERED

	
 

	
1,227,886

	
 

	
8/20/2004

	
 

	
662,032

	
 

	
3/31/2006

	
Diamond
 Design

	
 

	
CANADA

	
 

	
PENDING

	
 

	
1,296,603

	
 

	
04/04/2006

	
 

	
 

	
 

	
 

	
Diamond
 Design

	
 

	
UNITED
 STATES

	
 

	
REGISTERED

	
 

	
76/197,550

	
 

	
1/19/2001

	
 

	
2,563,476

	
 

	
4/23/2002

	
Drake &
 Scull

	
 

	
UNITED ARAB
 EMR

	
 

	
REGISTERED

	
 

	
48216

	
 

	
06/23/2002

	
 

	
35824

	
 

	
01/15/2003

	
Drake &
 Scull International

	
 

	
UNITED ARAB
 EMR

	
 

	
REGISTERED

	
 

	
48215

	
 

	
06/23/2002

	
 

	
35823

	
 

	
01/15/2003

	
EFS

	
 

	
EUROPEAN
 UNION (CTM)

	
 

	
REGISTERED

	
 

	
002348464

	
 

	
8/22/2001

	
 

	
002348464

	
 

	
6/10/2003

	
EFS

	
 

	
SOUTH AFRICA

	
 

	
REGISTERED

	
 

	
2001/13770

	
 

	
8/10/2001

	
 

	
2001/13770

	
 

	
7/11/2006

	
EFS

	
 

	
UNITED
 KINGDOM

	
 

	
REGISTERED

	
 

	
2278738

	
 

	
8/23/2001

	
 

	
2278738

	
 

	
8/23/2001

	
EFS

	
 

	
UNITED
 STATES

	
 

	
REGISTERED

	
 

	
76/123,985

	
 

	
9/ 7/2000

	
 

	
2,940,330

	
 

	
4/12/2005

	
EFS -
 FACILITIES

	
 

	
SOUTH AFRICA

	
 

	
REGISTERED

	
 

	
2001/13772

	
 

	
8/10/2001

	
 

	
2001/13772

	
 

	
7/11/2006

	
EFS -
 FACILITIES

	
 

	
UNITED ARAB
 EMR

	
 

	
REGISTERED

	
 

	
44911

	
 

	
10/30/2001

	
 

	
35128

	
 

	
12/14/2002

	
EFS -
 FACILITIES

	
 

	
EUROPEAN
 UNION (CTM)

	
 

	
REGISTERED

	
 

	
002349108

	
 

	
8/22/2001

	
 

	
002349108

	
 

	
7/29/2003

	
EFS -
 FACILITIES

	
 

	
UNITED
 KINGDOM

	
 

	
REGISTERED

	
 

	
2278740

	
 

	
8/23/2001

	
 

	
2278740

	
 

	
8/23/2001

	
EFS -
 FACILITIES

	
 

	
SOUTH AFRICA

	
 

	
REGISTERED

	
 

	
2001/13771

	
 

	
8/10/2001

	
 

	
2001/13771

	
 

	
7/11/2006

	
EMCOR

	
 

	
CANADA

	
 

	
REGISTERED

	
 

	
1,227,764

	
 

	
8/20/2004

	
 

	
651,736

	
 

	
10/25/2005

	
EMCOR

	
 

	
CANADA

	
 

	
REGISTERED

	
 

	
1,296,682

	
 

	
4/04/2006

	
 

	
690,311

	
 

	
06/20/2007

	
EMCOR

	
 

	
EUROPEAN
 UNION (CT)

	
 

	
PENDING

	
 

	
004986857

	
 

	
3/30/2006

	
 

	
 

	
 

	
 

	
EMCOR

	
 

	
UNITED ARAB
 EMR

	
 

	
REGISTERED

	
 

	
66590

	
 

	
1/18/2005

	
 

	
54490

	
 

	
07/19/2005

	
EMCOR &
 Design

	
 

	
CANADA

	
 

	
PENDING

	
 

	
1,296,605

	
 

	
4/4/2006

	
 

	
 

	
 

	
 

	
EMCOR &
 Design

	
 

	
EUROPEAN
 UNION (CT)

	
 

	
PENDING

	
 

	
004986733

	
 

	
3/30/2006

	
 

	
 

	
 

	
 

	
EMCOR &
 Design

	
 

	
UNITED
 STATES

	
 

	
REGISTERED

	
 

	
75/895,899

	
 

	
1/12/2000

	
 

	
2,562,923

	
 

	
4/23/2002

	
EMCOR
 SERVICE

	
 

	
UNITED
 STATES

	
 

	
REGISTERED

	
 

	
75/895,801

	
 

	
1/12/2000

	
 

	
2,575,099

	
 

	
6/ 4/2002

	
EMCOR.
 TAKING KIDSAFETY TO THE STREET

	
 

	
CANADA

	
 

	
REGISTERED

	
 

	
1,295,595

	
 

	
3/28/2006

	
 

	
692378

	
 

	
7/19/2007

	
EMCOR.
 TAKING

	
 

	
EUROPEAN

	
 

	
PENDING

	
 

	
004987012

	
 

	
3/30/2006

	
 

	
 

	
 

	
 

C-1

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
TRADEMARK

	
 

	
COUNTRY

	
 

	
STATUS

	
 

	
APP. NO.

	
 

	
FILED

	
 

	
REG. NO.

	
 

	
REGISTERED

	

	

	

	

	

	

	

	

	

	

	

	

	

	
KIDSAFETY TO THE STREET

	
 

	
UNION (CT)

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR.
 TAKING KIDSAFETY TO THE STREET

	
 

	
UNITED
 STATES

	
 

	
REGISTERED

	
 

	
78/704,379

	
 

	
8/31/2005

	
 

	
3,202,939

	
 

	
1/23/2007

	
FACILITIES
 EDGE

	
 

	
EUROPEAN
 UNION (CTM)

	
 

	
REGISTERED

	
 

	
002361426

	
 

	
9/ 3/2001

	
 

	
002361426

	
 

	
7/29/2003

	
FACILITIES
 EDGE

	
 

	
UNITED ARAB
 EMR

	
 

	
REGISTERED

	
 

	
44904

	
 

	
10/30/2001

	
 

	
35083

	
 

	
12/10/2002

	
FACILITIES
 EDGE

	
 

	
UNITED
 STATES

	
 

	
REGISTERED

	
 

	
76/308,780

	
 

	
9/ 4/2001

	
 

	
2,751,080

	
 

	
8/12/2003

	
FACILITIES
 EDGE

	
 

	
SOUTH AFRICA

	
 

	
REGISTERED

	
 

	
2001/14991

	
 

	
8/29/2001

	
 

	
2001/14991

	
 

	
3/29/2006

	
FACILITIES
 EDGE

	
 

	
SOUTH AFRICA

	
 

	
REGISTERED

	
 

	
2001/14992

	
 

	
8/29/2001

	
 

	
2001/14992

	
 

	
3/29/2006

	
FACILITIES
 EDGE

	
 

	
SOUTH AFRICA

	
 

	
REGISTERED

	
 

	
2001/14993

	
 

	
8/29/2001

	
 

	
2001/14993

	
 

	
3/29/2006

	
FACILITIES
 SERVICES TO THE POWER OF E

	
 

	
EUROPEAN
 UNION (CTM)

	
 

	
REGISTERED

	
 

	
002347367

	
 

	
8/22/2001

	
 

	
002347367

	
 

	
7/29/2003

	
FACILITIES
 SERVICES TO THE POWER OF E

	
 

	
UNITED
 KINGDOM

	
 

	
REGISTERED

	
 

	
2278742

	
 

	
8/23/2001

	
 

	
2278742

	
 

	
8/23/2001

	
FACILITIES
 SERVICES TO THE POWER OF E

	
 

	
SOUTH AFRICA

	
 

	
REGISTERED

	
 

	
2001/13774

	
 

	
8/10/2001

	
 

	
2001/13774

	
 

	
3/15/2006

	
FACILITIES
 SERVICES TO THE POWER OF E

	
 

	
UNITED
 STATES

	
 

	
PENDING

	
 

	
76/296,634

	
 

	
8/ 8/2001

	
 

	
 

	
 

	
 

	
FE
 (stylized)

	
 

	
UNITED
 STATES

	
 

	
REGISTERED

	
 

	
76/297,396

	
 

	
8/ 8/2001

	
 

	
2,753,922

	
 

	
8/19/2003

	
FE
 (stylized)

	
 

	
UNITED
 KINGDOM

	
 

	
REGISTERED

	
 

	
2278750

	
 

	
8/23/2001

	
 

	
2278750

	
 

	
8/23/2001

	
FE
 (stylized)

	
 

	
SOUTH AFRICA

	
 

	
REGISTERED

	
 

	
2001/14231

	
 

	
8/17/2001

	
 

	
2001/14231

	
 

	
11/10/2006

	
FE
 (stylized)

	
 

	
EUROPEAN
 UNION (CTM)

	
 

	
REGISTERED

	
 

	
002348597

	
 

	
8/22/2001

	
 

	
002348597

	
 

	
7/29/2003

	
KNOWLEDGE IN
 ACTION

	
 

	
SOUTH AFRICA

	
 

	
REGISTERED

	
 

	
2001/12275

	
 

	
7/16/2001

	
 

	
2001/12275

	
 

	
12/12/2005

	
KNOWLEDGE IN
 ACTION

	
 

	
UNITED
 STATES

	
 

	
REGISTERED

	
 

	
76/197,324

	
 

	
1/19/2001

	
 

	
2,648,390

	
 

	
11/12/2002

	
KNOWLEDGE IN
 ACTION

	
 

	
OMAN

	
 

	
REGISTERED

	
 

	
25925

	
 

	
7/17/2001

	
 

	
25925

	
 

	
9/21/2005

	
KNOWLEDGE IN
 ACTION

	
 

	
OMAN

	
 

	
REGISTERED

	
 

	
25924

	
 

	
7/17/2001

	
 

	
25924

	
 

	
9/21/2005

	
KNOWLEDGE IN
 ACTION

	
 

	
EUROPEAN
 UNION (CTM)

	
 

	
REGISTERED

	
 

	
002302230

	
 

	
7/16/2001

	
 

	
002302230

	
 

	
12/15/2003

	
THE POWER OF
 E

	
 

	
EUROPEAN
 UNION (CTM)

	
 

	
REGISTERED

	
 

	
002347656

	
 

	
8/22/2001

	
 

	
002347656

	
 

	
7/29/2003

	
THE POWER OF
 E

	
 

	
UNITED
 KINGDOM

	
 

	
REGISTERED

	
 

	
2278743

	
 

	
8/23/2001

	
 

	
2278743

	
 

	
8/23/2001

	
THE POWER OF
 E

	
 

	
SOUTH AFRICA

	
 

	
REGISTERED

	
 

	
2001/13773

	
 

	
8/10/2001

	
 

	
2001/13773

	
 

	
3/15/2006

Trademarks and
Trademark Applications: CES Facilities Management Services

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
TRADEMARK

	
 

	
COUNTRY

	
 

	
STATUS

	
 

	
APP. NO.

	
 

	
FILED

	
 

	
REG. NO.

	
 

	
REGISTERED

	

	

	

	

	

	

	

	

	

	

	

	

	

	
CES

	
 

	
UNITED
 STATES

	
 

	
REGISTERED

	
 

	
76,087,071

	
 

	
7/11/2000

	
 

	
2,583,464

	
 

	
6/18/2002

C-2

Trademarks and
Trademark Applications: Fluidics, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
TRADEMARK

	
 

	
COUNTRY

	
 

	
STATUS

	
 

	
APP. NO.

	
 

	
FILED

	
 

	
REG. NO.

	
 

	
REGISTERED

	

	

	

	

	

	

	

	

	

	

	

	

	

	
F &
 Design

	
 

	
CANADA

	
 

	
REGISTERED

	
 

	
745047

	
 

	
1/12/1994

	
 

	
455,787

	
 

	
3/22/1996

	
F &
 Design

	
 

	
UNITED
 STATES

	
 

	
REGISTERED

	
 

	
74/413,681

	
 

	
7/16/1993

	
 

	
1,895,331

	
 

	
5/23/1995

	
FLUIDICS

	
 

	
CANADA

	
 

	
REGISTERED

	
 

	
745063

	
 

	
1/12/1994

	
 

	
447,654

	
 

	
9/15/1995

	
FLUIDICS

	
 

	
UNITED
 STATES

	
 

	
REGISTERED

	
 

	
75/975,919

	
 

	
7/16/1993

	
 

	
2,086,132

	
 

	
8/15/1997

	
FLUIDICS

	
 

	
UNITED
 STATES

	
 

	
REGISTERED

	
 

	
74/413,680

	
 

	
7/16/1993

	
 

	
2,085,139

	
 

	
8/5/1997

No other
Debtor owns any intellectual property rights. 

C-3

SCHEDULE D

INVESTMENT PROPERTY

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
INVESTMENTS

	
 

	
AMOUNT OF INVESTMENT

	
 

	
PAYEE OR HOLDER

	
 

	

	
 

	

	
 

	

	
1.

	
State of
 Israel Bonds

	
 

	
$40,000
 aggregate principal amount

	
 

	
Welsbach
 Electric Corp.

	
 

	
2.

	
Colony
 Holdings Ltd. (Bermuda)

	
 

	
60,000
 shares —12% interest

	
 

	
Monumental
 Investment Corp.

	
3.

	
District Chilled Water Partnership

	
 

	
40% General
 Partnership in interest; equity approximately $20,000,000

	
 

	
Monumental
 Investment Corp.

	
 

	
4.

	
Baltimore
 Ravens

	
 

	
License
 (right) for 16 seats

	
 

	
The Poole
 & Kent Corporation

	
 

	
5.

	
T.P.C. of
 Boston

	
 

	
$35,000
 investment in country club membership

	
 

	
J. C.
 Higgins Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
6.

	
Ice
 Contractors, LLC.

	
 

	
6% interest
 in ice arena

	
 

	
JWP/Hyre
 Electric Co. of Indiana, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
7.

	
United
 Trades Insurance Company

	
 

	
One
 preferred share One ordinary share

	
 

	
E.L. Pruitt
 Company

	
 

	
8.

	
Cash
 Surrender Value of split dollar insurance policy

	
 

	
$1,229,000

	
 

	
Penguin Air
 Condition Corp.

	
 

	
9.

	
Specialty
 Trade Insurance Company

	
 

	
$15,000
 investment in mutual insurance company

	
 

	
Shambaugh
 & Son, LP

	
 

	
10.

	
Cash
 Surrender Value of split dollar life insurance policy

	
 

	
$709,000

	
 

	
Shambaugh
 & Son, LP

	
 

	
11.

	
Drake &
 Scull International llc (Abu Dhabi)

	
 

	
25% Interest

	
 

	
Drake &
 Scull (Cayman Islands) Ltd

	
 

	
12.

	
F&G
 Mechanical Inc. (New York)

	
 

	
90 shares –
 45% interest

	
 

	
F&G
 Mechanical Corp.

[COMPANY TO CONFIRM INVESTMENT PROPERTY
ABOVE]

SCHEDULE E

COMMERCIAL TORT CLAIMS

NONE

SCHEDULE F

SUPPLEMENT TO SECURITY AGREEMENT

          THIS
SUPPLEMENT TO SECURITY AGREEMENT (the “Supplement”) is dated as of this _____
day of _____________, 20__ from _________________________, a(n) _____________
corporation/limited liability company/partnership (the “Debtor”), to Harris N.A.,
in its capacity as collateral agent for itself and certain other lenders (the “Agent”).

PRELIMINARY
STATEMENTS

          A.
The Debtors and the Agent are parties to that certain Second Amended and
Restated Security Agreement dated as of September ____, 2007 (such Second
Amended and Restated Security Agreement, as the same may from time to time be
amended, modified or restated, being hereinafter referred to as the “Security
Agreement”). All capitalized terms used herein without definition
shall have the same meanings herein as such terms are defined in the Security
Agreement.

          B.
Pursuant to the Security Agreement, the Debtors granted to the Agent, among
other things, a continuing security interest in all Commercial Tort Claims.

          C.
The Debtor has acquired a Commercial Tort Claim, and executes and delivers this
Supplement to confirm and assure the Agent’s security interest therein.

          NOW,
THEREFORE, in consideration of the benefits accruing to the Debtors, and other
good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Debtor agrees as follows:

          1.
In order to secure payment of the Obligations, whether now existing or
hereafter arising, the Debtor does hereby grant to the Agent a continuing lien
on and security interest in the Commercial Tort Claim described below:

	
 

	
 

	
 

	

	
 

	
 

	
 

	

	
 

	
 

	
 

	

	
 

	
 

	
 

	

          2.
Schedule F (Commercial Tort Claims) to the Security Agreement is hereby
amended to include reference to the Commercial Tort Claim referred to in
Section 1 above. The Commercial Tort Claim described herein is in addition
to, and not in substitution or replacement for, the Commercial Tort Claims
heretofore described in and subject to the Security Agreement, and nothing
contained herein shall in any manner impair the priority of the liens and
security interests heretofore granted by the Debtors in favor of the Agent
under the Security Agreement.

          3.
The Debtor agrees to execute and deliver such further instruments and documents
and do such further acts and things as the Agent may deem necessary or proper
to carry out more effectively the purposes of this Supplement.

          4.
No reference to this Supplement need be made in the Security Agreement or in
any other document or instrument making reference to the Security Agreement,
any reference to the Security Agreement in any of such items to be deemed a
reference to the Security Agreement as supplemented hereby. The Debtor
acknowledges that this Supplement shall be effective upon its execution and
delivery by the Debtor to the Agent, and it shall not be necessary for the
Agent to execute this Supplement or any other acceptance hereof or otherwise to
signify or express its acceptance hereof.

          5.
This Agreement shall be governed by and construed in accordance with the laws
of the State of Illinois (without regard to principles of conflicts of law).

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
[INSERT NAME
 OF DEBTOR]

	
 

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
Name

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
Title

	
 

	
 

	
 

	
 

	
 

	

F-2

SCHEDULE G

ASSUMPTION AND SUPPLEMENTAL SECURITY
AGREEMENT

          THIS
AGREEMENT dated as of this _____ day of ______________, 200__ from [new
debtor], a __________ corporation/limited liability company/partnership (the “New Debtor”),
to Harris N.A. (“Harris”), as collateral agent for the Secured Creditors
(defined in the Security Agreement hereinafter identified and defined) (Harris
acting as such collateral agent and any successor or successors to Harris in
such capacity being hereinafter referred to as the “Agent”);  

WITNESSETH THAT:

          WHEREAS,
EMCOR Group, Inc. (the “Company”) and certain other parties have
executed and delivered to the Agent that certain Second Amended and Restated
Security Agreement dated as of September ___, 2007 or supplements thereto
(such Second Amended and Restated Security Agreement, as the same may from time
to time be modified or amended, including supplements thereto which add
additional parties as Debtors thereunder, being hereinafter referred to as the “Security
Agreement”) pursuant to which such parties (the “Existing Debtors”) have
granted to the Agent for the benefit of the Secured Creditors a lien on and
security interest in such Existing Debtors’ Collateral (as such term is defined
in the Security Agreement) to secure the Obligations (as such term is defined
in the Security Agreement) of the Borrowers referred to therein owing to the
Agent and the Secured Creditors arising out of or related to the Credit
Agreement and the Term Loan Agreement referred to therein; and

          WHEREAS,
the Borrowers provide the New Debtor with substantial financial, managerial,
administrative, technical and design support and the New Debtor will directly
and substantially benefit from credit and other financial accommodations
extended and to be extended by the Secured Creditors to the Borrowers;

          NOW,
THEREFORE, FOR VALUE RECEIVED, and in consideration of advances made or to be
made, or credit accommodations given or to be given, to the Borrowers by the
Secured Creditors from time to time, the New Debtor hereby agrees as follows:

          1.
The New Debtor acknowledges and agrees that it shall become a “Debtor” party to
the Security Agreement effective upon the date the New Debtor’s execution of
this Agreement and the delivery of this Agreement to the Agent, and that upon
such execution and delivery, all references in the Security Agreement to the terms
“Debtor” or “Debtors” shall be deemed to include the New Debtor. Without
limiting the generality of the foregoing, the New Debtor hereby repeats and
reaffirms all grants (including the grant of a lien and security interest),
covenants, agreements, representations and warranties contained in the Security
Agreement as amended hereby, each and all of which are and shall remain
applicable to the Collateral from time to time owned by the New Debtor or in
which the New Debtor from time to time has any rights. Without limiting the
foregoing, in order to secure payment of the Obligations, whether now existing
or hereafter arising, the New Debtor does hereby grant to the Agent for the
benefit

of the Secured
Creditors, and hereby agrees that the Agent has and shall continue to have for
the benefit of the Secured Creditors a continuing security interest in, among
other things, all of the New Debtor’s Collateral (as such term is defined in
the Security Agreement), including, without limitation, all of the New Debtor’s
Receivables, Leases, General Intangibles, Inventory, Equipment, Investment
Property, Pledged Notes, and all of the other Collateral described in, and
subject to the limitations set forth in, Section 2 of the Security
Agreement, each and all of such granting clauses being incorporated herein by
reference with the same force and effect as if set forth in their entirety
except that all references in such clauses to the Existing Debtors or any of
them shall be deemed to include references to the New Debtor. Nothing contained
herein shall in any manner impair the priority of the liens and security
interests heretofore granted in favor of the Agent under the Security
Agreement.

          2.
Schedules A-E to the Security Agreement shall be supplemented by the information
stated below with respect to the New Debtor:

SUPPLEMENT TO SCHEDULE A

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME OF DEBTOR

(AND ORGANIZATION NO.) 

	
  

	
CHIEF EXECUTIVE OFFICE 

	
  

	
ADDITIONAL

PLACES OF BUSINESS 

	
  

	
LOCATION OF

COLLATERAL HELD

BY DEBTOR 

SUPPLEMENT TO SCHEDULE B

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
DEBTOR’S NAME 

	
  

	
PRIOR LEGAL

NAME 

	
  

	
TRADE NAMES/

NAMES IN PAST 5 YEARS 

	
 

	
 

	
 

	
SUPPLEMENT TO SCHEDULE C

	
 

	
INTELLECTUAL PROPERTY RIGHTS

	
 

	

	
 

	

	
 

	
SUPPLEMENT TO SCHEDULE D

	
 

	
INVESTMENT PROPERTY

	
 

	

G-2

	
 

	

	
 

	
SUPPLEMENT TO SCHEDULE E

	
 

	
COMMERCIAL TORT CLAIMS

	
 

	

	
 

	

          3.
The New Debtor hereby acknowledges and agrees that the Obligations are secured
by all of the Collateral according to, and otherwise on and subject to, the
terms and conditions of the Security Agreement to the same extent and with the
same force and effect as if the New Debtor had originally been one of the
Existing Debtors under the Security Agreement and had originally executed the
same as such an Existing Debtor.

          4.
All capitalized terms used in this Agreement without definition shall have the
same meaning herein as such terms have in the Security Agreement, except that
any reference to the term “Debtor” or “Debtors” and any provision of the
Security Agreement providing meaning to such term shall be deemed a reference to
the Existing Debtors and the New Debtor. Except as specifically modified
hereby, all of the terms and conditions of the Security Agreement shall stand
and remain unchanged and in full force and effect.

          5.
The New Debtor agrees to execute and deliver such further instruments and
documents and do such further acts and things as the Agent may reasonably deem
necessary or proper to carry out more effectively the purposes of this
Agreement.

          6.
No reference to this Agreement need be made in the Security Agreement or in any
other document or instrument making reference to the Security Agreement, any
reference to the Security Agreement in any of such to be deemed a reference to
the Security Agreement as modified hereby.

          7.
This Agreement shall be governed by and construed in accordance with the State
of Illinois (without regard to principles of conflicts of law).

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
[NEW DEBTOR]

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
Name

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
Title

	
 

	
 

	
 

	
 

	
 

	

G-3

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