Document:

Exhibit
10.18

CONSULTING
AGREEMENT

This Consulting
Agreement (the “Agreement”) is made this 22nd day of December, 2006 (the “Effective Date”),
by and between Above Zero Media, LLC, a North
Dakota limited liability company, with an address of 3049 24th Avenue SW Fargo, North Dakota 58103, (Above
Zero Media), and Highwater Ethanol, LLC, (“Client”).

RECITALS:

WHEREAS, Client
intends to develop, finance and construct a 50 million gallon dry mill ethanol
plant in or near Lamberton, MN (the “Project”); and

WHEREAS, Client
wishes to engage Above Zero Media to provide certain services related to the
Project.

NOW, THEREFORE, in consideration of the mutual promises and agreements
contained herein, Client engages Above Zero Media, and Above Zero Media accepts
engagement, upon the terms and conditions hereinafter set forth.

1.             Term:  Termination. Above Zero Media’s
engagement with Client shall commence as of the Effective Date and shall
continue, unless extended by mutual agreement of the parties or sooner
terminated as provided herein, until the actual closing (execution and delivery
of all required documents) by Client with its project lender(s) for debt
financing, including senior and subordinated debt and any other Project
financing characterized by debt obligations and repayable as debt which is
required by the Project lender(s) or which is deemed necessary or prudent in
the sole discretion of Client’s board of directors (“Financial Close”).  Notwithstanding the foregoing, either party
may terminate the Agreement, at anytime with or without cause, upon thirty (30)
days prior written or oral notice to the other party.

2.             Services.  Above Zero Media shall serve as Client’s
Project consultant.  Above Zero Media’s
service providers (described in section 9 of this Agreement) shall perform the
following duties incident to that service subject to Client’s approval (“Services”):

a.     Assist negotiations of
contracts with various service and product providers;

b.     Assist the planning of the
Clients’ equity marketing effort, including, without limitation, preparation of
written and visual equity marketing materials (including, but not limited to, a
power point presentation and informational video), and training Client’s
officers and directors to conduct Client’s equity marketing effort;

c.     Assist in graphic design of
the Client’s marketing materials;

d.     Assist in placement of print
and electronic media;

e.     Assist in planning of the
Client’s local marketing efforts;

f.      Assist in recommendation of
equipment needs for presentation.

g.     Perform such other services
as Client may from time to time reasonably request and are reasonably within
the scope of the services the parties anticipate will be provided.  Notwithstanding the foregoing, neither Above
Zero Media, its members, managers, officers, employees nor agents shall be
asked to, nor will actually solicit an offer to buy, or accept an offer to
sell, and equity security to be issued by Client.

Subject to Client’s
approval, and unless otherwise provide by this agreement, Above Zero Media shall
determine the manner in which the Services are to be performed and the specific
hours to be worked by Above Zero Media. 
Above Zero Media acknowledges and agrees to work as many hours as may be
reasonably necessary to fulfill Above Zero Media’s commitments under this
Agreement, in the sole discretion of Client.

3.             Payment.

a.     Client shall pay to Above
Zero Media a one-time commitment fee of Fifteen Thousand Dollars ($15,000.00)
upon the Effective Date of the contract (the “Commitment Fee”).

b.     Client shall pay to Above
Zero Media Sixty Thousand Dollars ($60,000) which shall be earned and payable
upon receipt by Client from Above Zero Media of satisfactory written and visual
equity marketing materials (including, but not limited to, a power point presentation
and informational video) for use in the equity marketing effort (the “Payment
for Materials”).

c.     Client shall pay to Above
Zero Media and additional Sixty Thousand Dollars ($60,000) which shall be
earned and payable thirty (30) days following the date upon which the amount
required by section 3(b) above is earned and payable (the “Interim Payment”).

d.     Within 14 days following
Closing of the Offering, Client shall pay to Above Zero Media Fifteen Thousand
($15,000) for the completion of Services (the “bonus”).

4.             Expenses.  Upon Above Zero Media providing to Client
proper documentation, Client shall reimburse Above Zero Media for all 

reasonable, ordinary and necessary expenses incurred
by Above Zero Media in performance of its duties hereunder, including without
limitation, reimbursement for automobile mileage at the rate periodically set
by the Internal Revenue Service, air fare meals and lodging.

5.             Termination of
Agreement.  If Client terminates
Above Zero Media with Cause (as hereafter defined), upon such termination Above
Zero Media shall have no further rights under the terms of this Agreement other
than to payment for Services to which Above Zero Media may be entitled through
the date of termination as provided by the Agreement.  For purposes of this Agreement, termination
for Cause shall mean termination of Above Zero Media after failure to correct a
Event of Default by Above Zero Media pursuant to section 18.  If Client terminates Above Zero Media without
Cause at any time before the Payment for Materials becomes due and payable
pursuant to section 3(b), Above Zero Media shall have no further rights under
terms of this Agreement other than to payment for Services to which Above Zero
Media may be entitled through the date of termination as provided by this
Agreement.  If Client terminates Above
Zero Media without Cause at any time after the Payment for Materials becomes
due and payable, Client shall immediately pay the Interim Payment and the Final
Payment to Above Zero Media.

If Above Zero Media terminates the Agreement for any reason, upon such
termination neither Client nor Above Zero Media shall have any further rights
or obligations under the terms of this Agreement other than those provided by
Sections 6, 10, 12 and 13 or for delivery of payments for Services to which
Above Zero Media may be entitled through the date of termination as provided by
this Agreement.

6.             Confidentiality.  In providing Services hereunder, Above Zero
Media may have access to documents and information relating to Client and its
properties and business operations (hereafter referred to as “Confidential
Information”).  All such Confidential
Information shall be at times during the term of this Agreement and for a
period of two (2) years thereafter, be treated as confidential and sensitive
proprietary business information.  Above
Zero Media shall not, unless compelled by legal process, except in accordance
with the express terms of this Agreement or with the prior written consent of Client,
disclose or permit the disclosure of any Confidential Information to any person
or entity whatsoever, unless such information is otherwise readily available in
the public domain.  This section shall
survive the termination of this Agreement.

7.             Support Services.  Client shall provide the following support
services for the benefit of Above Zero Media, as approved by Client:  office space, secretarial support (phone
callers), and office supplies.  These
support 

services will be coordinated through project
coordinator at Client’s office location.

8.             Relationship of
the Parties.  The parties understand
that Above Zero Media is an independent contractor with respect to Client, and
not an employee of Client.  Except as
provide in section 7 above, Above Zero Media, at its sole expense, shall be
responsible for providing all equipment, materials, supplies and other items
necessary or useful in fulfilling its obligations hereunder: and shall retain
the right to control and direct the manner in which Services are to be
performed.  Notwithstanding the
foregoing, Client agrees that it will be responsible for providing the
equipment it uses in presentations made as part of its equity marketing effort.

9.             Service Providers.  Douglas Anderson, Dawn Hebert and Lynn
Synhorst shall provide the majority of Above Zero Media’s services under this
Agreement.  Notwithstanding the
foregoing, Above Zero Media may substitute its other personnel to provide Above
Zero Media’s services under this Agreement on a limited basis as needed, with
Client’s prior consent.  Above Zero Media’s
employees, members, or agents who perform services for Client under this
Agreement shall be bound by the terms of this Agreement.

10.           Taxes:  Benefits. 
Above Zero Media shall be solely liable for, and shall Indemnify and
hold the Client harmless from and against, all taxes on any compensation earned
as an independent contractor hereunder, including federal and state income
taxes, self-employment taxes, FICA and FUTA taxes, etc.  Above Zero Media shall be solely responsible
for all insurance, including buy not limited to medical, disability, workers
compensation, and unemployment insurance. 
Above Zero Media shall not be entitled to participate in any benefits
maintained by Client.  This sections
shall survive the termination of this Agreement.

11.           Insurance.  Above Zero Media and Client shall each
obtain, maintain and keep in full force and effect during the term of this
Agreement such insurance coverages and in such amounts as Client may reasonably
require including, without limitation, the following insurance coverages.

a.     Commercial general liability
insurance with policy limits that have a combined single limit of One Million
Dollars ($1,000,000.00); and

b.     Business automobile liability
insurance, covering owned, non-owned and hired vehicles with a combined single
limit of One Million Dollars ($1,000,000.00).

All insurance provided for in this section11 shall be effective under
valid and enforceable policies issued by insurers of recognized responsibility,
licensed to do business in states where the respective parties currently
conduct business.  Each party shall name
the other as an additional insured with respect to each policy.  Each party shall furnish the other with proof
of the payment of all premiums due on said policies of insurance and that the
policies of insurance are in full force and effect.  Each policy or certificate of insurance shall
contain an agreement by the insurer that coverages shall not cancelled for any
reason without at least 30 days prior written notice to the other party.

12.           Indemnification.  Client shall indemnify and defend Above Zero
Media and its employees, members, managers, officers, and agents against
expenses actually and reasonably incurred in connection with the defense of any
threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative, arbitrative or investigative (a “Proceeding”), in
which Above Zero Media and/or its employees, members, managers, officers or
agents are made a party by reason of performing services for Client or acting
in any manner pursuant to this Agreement, except that Client shall have no
obligation to indemnify and defend Above Zero Media and/or its employees,
members or agents for its and/or their act or omission that involve gross
negligence, intentional misconduct or a known violation of the law.  Above Zero Media shall indemnify and defend
Client and its employees, members, directors, officers and agents against
expenses actually and reasonably incurred in connection with the defense of any
Proceeding in which Client and/or its employees, members, directors, officers
or agents are made a party by reason of Above Zero Media and/or its employees,
members, managers, officers or agents commit an act or omission that involves
gross negligence, intentional misconduct or a known violation of the law.

13.           Copyright License.  Above Zero Media will author written and
visual equity marketing materials, Power Point presentations, advertisements, a
“banker’s book”, training materials and other literary works and audio visual
works (the “Proprietary Information”) in fulfillment of its duties
hereunder.  Above Zero Media hereby
grants Client a non-exclusive right and license to use the Proprietary
Information for its business and operations only.  Client shall not have or acquire any
proprietary or other right whatsoever in the Proprietary Information, except as
provided herein, all of which rights belong exclusively to Above Zero
Media.  Client shall not sell, assign, gift,
sublicense or otherwise transfer to any third party any rights in the
Proprietary Information without the prior written consent of Above Zero Media,
with the granting of said consent to be in Above Zero Media’s sole
discretion.  This section shall survive
the termination of this Agreement.

14.           Successors and
Assigns.  This Agreement shall be
binding upon Client and Above Zero Media, their respective heirs, executors,
administrators, successors in interest or assigns, including without limitation
any partnership, corporation or other entity into which Client may be merged or
by which it may be acquired (whether directly, indirectly or by operation of
law), or to which it may assign its rights under this Agreement.

15.           Waiver.  The waiver by either party of its rights
under this Agreement or the failure of a party to promptly enforce any
provision hereof shall not be construed as a waiver of any subsequent breach of
the same or any other covenant, term or provision.

16.           Notices.  Any notice required to be given hereunder
shall be in writing and shall be deemed to be sufficiently served by either
party on the other party if such notice is delivered personally or is sent by
certified or first class mail addressed as follows, or such substitute street
addresses as the parties may provide in writing:

	
  To Above Zero Media:

  	
  Above Zero Media, LLC

  	
   

  
	
   

  	
  Attn: Lynn
  Synhorst

  	
   

  
	
   

  	
  3049 24th Ave. SW

  	
   

  
	
   

  	
  Fargo, ND 58103

  	
   

  
	
   

  	
   

  	
   

  
	
  To Client:

  	
  Highwater Ethanol

  	
   

  
	
   

  	
  205 S Main
  Street

  	
   

  
	
   

  	
  PO Box 96

  	
   

  
	
   

  	
  Lamberton, MN
  56152

  	
   

  

 

17.           Applicable Law.  This Agreement and all obligations created
hereunder or required to be created hereby shall be governed by and construed
and enforced in accordance with the laws of the State of Iowa, and the parties
hereby consent that the District Court situated in Ida Count, Iowa, shall be
the exclusive jurisdiction and venue of any disputes relating to this
Agreement.

18.           Defaults.  In the event of the failure of either of the
parties to comply with any of the terms and provisions of this Agreement, or in
the event either party has violated any of the warranties and representations
made herein by that party (“Event of Default”), then such party shall be deemed
to be in default hereunder and the other party shall be given written notice of
such noncompliance and shall give the defaulting party seven (7) days from the
date of such notice within which to correct such noncompliance.  If such default has not been corrected, or an
arrangement satisfactory to 

the complaining party has not been made by the end of
the notice period, then the complaining party may take whatever action is
necessary, and exercise all remedies available in order to protect the
complaining party’s rights under the terms and conditions of this
Agreement.  The parties agree that the remedies
set forth in this section 18 shall not be exclusive, but they shall be
cumulative with all other rights and remedies available, at law or in equity,
to the parties.  In the event of any
dispute between the parties resulting from this Agreement or any provisions
hereunder, the prevailing party in any such dispute shall be entitled to
recover reasonable attorneys’ fees and such other costs incurred therewith.

19.           Severability.  In the event that any term, condition, or
provision of this Agreement is held to be invalid by any court of competent
jurisdiction, such holding or holdings shall not invalidate or make
unenforceable any other term, condition or provision of this Agreement.  The remaining terms, conditions and
provisions shall be fully severable, and shall be construed and enforced as if
such invalid term, condition or provision had never been inserted in this
Agreement initially.

20.           Entire Agreement.  This Agreement constitutes the entire
Agreement between the parties hereto with regard to the subject matter hereof,
and there are no agreements, understandings, specific restrictions, warranties
or representations relating to said subject matter between the parties other
than those set forth herein or herein provided for.  No amendment or modification of this
Agreement shall be valid or binding unless in writing and signed by the party
against whom such amendment or modification is to be enforced.

21.           Counterparts.  This Agreement may be executed in one or more
counterparts, each of which shall be considered an original document, but all
of which shall be considered one and the same agreement and shall become
binding when one or more counterparts have been signed by each of the parties.

(Signature Page Follows)

IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the Effective Date.

 

	
  ABOVE ZERO MEDIA,

  	
  HIGHWATER ETHANOL,

  
	
  LLC

  	
  LLC

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By

  	
  /s/ Douglas Anderson

  	
   

  	
  By

  	
  /s/ Brian
  Kletscher

  	
   

  
	
   

  	
  Douglas Anderson

  	
   

  	
  Its

  	
  President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  And

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By

  	
  /s/ Dawn Hebert

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Dawn Hebert

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  And

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By

  	
  /s/ Lynn Synhorst

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Lynn SynhorstEXHIBIT 10.1

 

SEVENTH AMENDMENT TO
CREDIT AGREEMENT AND WAIVER

THIS
SEVENTH AMENDMENT TO CREDIT AGREEMENT AND WAIVER (this “Amendment”), dated
as of February 6, 2007, is entered into by and among the lenders identified on
the signature pages hereof (such lenders, together with their respective
successors and permitted assigns, are referred to hereinafter each individually
as a “Lender” and collectively as the “Lenders”), WELLS FARGO FOOTHILL, INC., a California
corporation, as administrative agent for the persons designated in the Credit
Agreement referred to below (in such capacity, together with its successors and
assigns in such capacity, “Agent”), and INFOCUS CORPORATION, an Oregon corporation (“Borrower”).

RECITALS

A.            Borrower,
Agent and the Lenders have previously entered into that certain Credit
Agreement dated as of October 25, 2004, as amended by that certain First
Amendment to Credit Agreement, Security Agreement and Waiver, dated as of
December 3, 2004, that certain Second Amendment to Credit Agreement, dated as
of December 13, 2004, that certain Third Amendment to Credit Agreement and
Waiver dated May 6, 2005, that certain Fourth Amendment to Credit Agreement,
Second Amendment to Security Agreement and Waiver dated November 4, 2005, that
certain Fifth Amendment to Credit Agreement dated as of June 7, 2006 and that
certain Sixth Amendment to Credit Agreement and Waiver dated as of October 25,
2006 (as so amended or otherwise modified or supplemented from time to time,
the “Credit Agreement”), pursuant to which the Lenders have made certain
loans and financial accommodations available to Borrower.  Terms used herein without definition shall
have the meanings ascribed to them in the Credit Agreement.

B.            An
Event of Default has occurred and is continuing as a result of Borrower’s
failure to achieve EBITDA of $(5,350,000) or more for the 3-month period ending
December 31, 2006, as required pursuant to Section 6.16(a)(i) of the Credit
Agreement (the “Known Existing Default”).

C.            Borrower
has requested that Agent and the Lenders waive the Known Existing Default and
amend the Credit Agreement on the terms and conditions set forth herein.

D.            Borrower
is entering into this Amendment with the understanding and agreement that,
except as specifically provided herein, none of Agent’s or any member of the
Lender Group’s rights or remedies set forth in the Credit Agreement or any
other Loan Document is being waived or modified by the terms of this Amendment.

AGREEMENT

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

1.             Amendment
to Credit Agreement.  Section
6.16(a)(i) of the Credit Agreement is hereby amended and restated to read as
follows:

“(i)          Minimum EBITDA.  EBITDA, measured on a month-end basis, of at
least the required amount set forth in the following table for the applicable
period set forth opposite thereto:

	
   Applicable Amount

   	
    

   	
   Applicable Period

   
	
      $1,200,000

  	
   

  	
  For the 3 month
  period

  ending December 31, 2004

  
	
      $2,100,000

  	
   

  	
  For the 6 month
  period

  ending March 31, 2005

  
	
    $(29,250,000)

  	
   

  	
  For the 9 month
  period

  ending June 30, 2005

  
	
    $(38,500,000)

  	
   

  	
  For the 12 month
  period

  ending September 30, 2005

  
	
    $(92,500,000)

  	
   

  	
  For the 12 month
  period

  ending December 31, 2005

  
	
    $(80,500,000)

  	
   

  	
  For the 12 month
  period

  ending March 31, 2006

  
	
    $(61,500,000)

  	
   

  	
  For the 12 month
  period

  ending June 30, 2006

  
	
    $(31,000,000)

  	
   

  	
  For the 12 month
  period

  ending September 30, 2006

  
	
     $(5,350,000)

  	
   

  	
  For the 3 month
  period

  ending December 31, 2006

  
	
     $(8,500,000)

  	
   

  	
  For the 3 month
  period

  ending March 31, 2007”

  

 

2.             Waiver
of Known Existing Default.  Agent, on
behalf of the Lenders, hereby waives enforcement of its and the Lender Group’s
rights against Borrower arising from the Known Existing Default; provided,
however, nothing herein shall be deemed a waiver with respect to any
other or future failure of Borrower to comply fully with Section 6.16(a)(i) of
the Credit Agreement (as amended or modified by this Amendment).  This waiver shall be effective only for the
specific defaults comprising the Known Existing Default, and in no event shall
this waiver be deemed to be a waiver of enforcement of Agent’s or any other
member of the Lender Group’s rights with respect to any other Defaults or
Events of Default now existing or hereafter arising.  Nothing contained in this Amendment nor any
communications between Borrower and Agent or any other member of the Lender
Group shall be a waiver of any rights or remedies such Persons have or may have
against Borrower, except as specifically provided herein.  Except as specifically provided herein, Agent
hereby reserves and preserves all of its and the Lender Group’s rights and
remedies against Borrower under the Credit Agreement and the other Loan
Documents

3.             Waiver
and Amendment Fee.  In consideration
of the agreements and the waiver set forth herein, Borrower agrees to pay to
Agent, for the benefit of the Lenders a non-refundable waiver and amendment fee
in the amount of $10,000 (the “Waiver and Amendment Fee”), which fee is
fully-earned as of and due and payable on the date of this Amendment.

4.             Effectiveness
of this Amendment.  Agent must have
received the following items, in form and content acceptable to Agent, before
this Amendment, and the waiver provided for herein is effective.

(a)           Executed
Amendment.  This Amendment, fully
executed in a sufficient number of counterparts for distribution to all
parties.

(b)           Payment
of Waiver and Amendment Fee.  The
Waiver and Amendment Fee, which fee may be paid as a charge to Borrower’s Loan
Account.

 2
 

(c)           Representations
and Warranties.  The representations
and warranties contained herein shall be true and correct as of the date
hereof.

(d)           Other
Documents and Legal Matters.  All
other documents and legal matters in connection with the transactions
contemplated by this Amendment shall have been delivered or executed or
recorded.

5.             Representations
and Warranties.  Borrower represents
and warrants as follows:

(a)           Authority.  Borrower has the requisite corporate power
and authority to execute and deliver this Amendment, and to perform its
obligations hereunder and under the Loan Documents (as amended or modified
hereby and by any amendments thereto referenced herein) to which it is a
party.  The execution, delivery and
performance by Borrower of this Amendment have been duly approved by all
necessary corporate action and no other corporate proceedings are necessary to
consummate such transactions.

(b)           Enforceability.  This Amendment has been duly executed and
delivered by Borrower.  This Amendment
and each Loan Document (as amended or modified hereby) are the legal, valid and
binding obligation of Borrower, enforceable against Borrower in accordance with
its terms, and is in full force and effect.

(c)           Representations
and Warranties.  After giving effect
to this Amendment, the representations and warranties contained in each Loan
Document (other than any such representations or warranties that, by their
terms, are specifically made as of a date other than the date hereof) are
correct on and as of the date hereof as though made on and as of the date
hereof.

(d)           Due
Execution.  The execution, delivery
and performance of this Amendment are within the power of Borrower, have been
duly authorized by all necessary corporate action, have received all necessary
governmental approval, if any, and do not contravene any law or any contractual
restrictions binding on Borrower.

(e)           No
Default.  After giving effect to the
waiver contained in this Amendment, no event has occurred and is continuing
that constitutes a Default or an Event of Default.

(f)            No
Duress.  This Amendment has been
entered into without force or duress, of the free will of Borrower.  Borrower’s decision to enter into this
Amendment is a fully informed decision and Borrower is aware of all legal and
other ramifications of such decision.

(g)           Counsel.  Borrower has read and understands this
Amendment, has consulted with and been represented by legal counsel in
connection herewith and therewith, and has been advised by its counsel of its
rights and obligations hereunder and thereunder.

6.             Choice
of Law.  The validity of this
Amendment, its construction, interpretation and enforcement, the rights of the
parties hereunder, shall be determined under, governed by, and construed in
accordance with the internal laws of the State of New Yorkgoverning contracts only to be performed
in that State.

7.             Counterparts.  This Amendment may be executed in any number
of counterparts and by different parties and separate counterparts, each of
which when so executed and delivered, shall be deemed an original, and all of
which, when taken together, shall constitute one and the same instrument.  Delivery of an executed counterpart of a
signature page to this Amendment by telefacsimile or other similar method of
electronic transmission shall be effective as delivery of a manually executed
counterpart of this Amendment.

8.             Reference
to and Effect on the Loan Documents.

(a)           Upon
and after the effectiveness of this Amendment, each reference in the Credit
Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import
referring to the Credit Agreement,

 3
 

and each reference
in the other Loan Documents to “the Credit Agreement”, “thereof” or words of
like import referring to the Credit Agreement, shall mean and be a reference to
the Credit Agreement as modified and amended hereby.

(b)           Except
as specifically amended above, the Credit Agreement and all other Loan
Documents, are and shall continue to be in full force and effect and are hereby
in all respects ratified and confirmed and shall constitute the legal, valid,
binding and enforceable obligations of Borrower to the Lender Group.

(c)           The
execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of
the Agent and Lender Group under any of the Loan Documents, nor constitute a
waiver of any provision of any of the Loan Documents.

(d)           To
the extent that any terms and conditions in any of the Loan Documents shall
contradict or be in conflict with any terms or conditions of the Credit
Agreement, after giving effect to this Amendment, such terms and conditions are
hereby deemed modified or amended accordingly to reflect the terms and
conditions of the Credit Agreement as modified or amended hereby.

9.             Ratification.  Borrower hereby restates, ratifies and
reaffirms each and every term and condition set forth in the Credit Agreement,
as amended hereby, and the Loan Documents effective as of the date hereof.

10.           Estoppel.  To induce Agent and Lender Group to enter
into this Amendment and to continue to make advances to Borrower under the
Credit Agreement, Borrower hereby acknowledges and agrees that, as of the date
hereof, there exists no right of offset, defense, counterclaim or objection in
favor of Borrower as against any member of the Lender Group with respect to the
Obligations.

11.           Integration.  This Amendment, together with the other Loan
Documents, incorporates all negotiations of the parties hereto with respect to
the subject matter hereof and is the final expression and agreement of the
parties hereto with respect to the subject matter hereof.

12.           Severability.  In case any provision in this Amendment shall
be invalid, illegal or unenforceable, such provision shall be severable from
the remainder of this Amendment and the validity, legality and enforceability
of the remaining provisions shall not in any way be affected or impaired
thereby.

13.           Submission of Amendment.  The submission of this Amendment to the
parties or their agents or attorneys for review or signature does not
constitute a commitment by Agent or any of the Lenders to waive any of their
rights and remedies under the Loan Documents, and this Amendment shall have no
binding force or effect until all of the conditions to the effectiveness of
this Amendment have been satisfied as set forth herein.

 4

IN WITNESS WHEREOF, the
parties have entered into this Amendment as of the date first above written.

	
  

  	
  INFOCUS CORPORATION,

  
	
   

  	
  an Oregon
  corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Roger Rowe

  	
   

  
	
   

  	
  Name: Roger Rowe

  
	
   

  	
  Title: Chief
  Financial Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WELLS
  FARGO FOOTHILL, INC.,

  
	
   

  	
  a California
  corporation, as Agent and a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Thomas
  Forbath

  	
   

  
	
   

  	
  Name: Thomas
  Forbath

  
	
   

  	
  Title: Vice
  President

  

 

Signature Page to Seventh Amendment to Credit
Agreement and Waiver

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