Document:

Exhibit
10.2

Assignment and
Assumption Agreement

Pursuant to paragraph 15
of the Employment Agreement (the “Employment Agreement”) between Walter
Industries, Inc., a Delaware Corporation (“Walter”) and Mr. Gregory E. Hyland
dated as of September 9, 2005, as amended, Walter hereby assigns to Mueller
Water Products, Inc., a Delaware Corporation (“Mueller”), and Mueller hereby
assumes, all of Walter’s rights and obligations under the Employment Agreement
and under the Executive Change-In-Control Severance Agreement dated
September 16, 2005 between Walter and Mr. Hyland; provided, however, that Walter shall
retain the obligation to determine and pay Mr. Hyland’s incentive compensation
payment for calendar year 2006 in accordance with the terms of the Walter Industries,
Inc. Executive Incentive Plan.

Executed as of the close
of business on this 14th day of December, 2006

	
  WALTER INDUSTRIES, INC.

  	
   

  	
  MUELLER WATER PRODUCTS, INC.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  /s/ Victor P. Patrick

  	
   

  	
   

  	
   

  	
   

  	
  /s/ Jennifer Thomas

  	
   

  
	
  By:

  	
  Victor P. Patrick

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  Jennifer Thomas

  
	
  Title:

  	
  Vice Chairman

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
  Executive Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Accepted and Agreed:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  /s/ Gregory E. Hyland

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Gregory E. HylandEXHIBIT 10.1

 

THIRD AMENDMENT TO LEASE AGREEMENT

 

THIS THIRD AMENDMENT TO LEASE AGREEMENT (“Third
Amendment”) is hereby made
and entered into this 18th day of December, 2006, by and between KDC-CAROLINA
INVESTMENTS 3, LP, a Delaware limited partnership (“Landlord”), and 3D SYSTEMS CORPORATION, a Delaware corporation
(“Tenant”).

 

R E C I T A L S:

 

WHEREAS, Landlord and Tenant have heretofore
entered into that certain Lease Agreement dated February 8, 2006 (the “Lease Agreement”); and

 

WHEREAS, Landlord and Tenant amended the
Lease Agreement pursuant to the terms and conditions of that certain First
Amendment to Lease Agreement dated effective as of June 15, 2006 (the “First
Amendment”); and

 

WHEREAS, Landlord and Tenant further amended
the Lease Agreement, as amended by the First Amendment, pursuant to the terms
and conditions of that certain Second Amendment to Lease Agreement dated
effective as of October 6, 2006 (the “Second Amendment”); and

 

WHEREAS, Exhibit F to the Lease Agreement
provides, among other things, that in the event that certain Scope Changes (as
defined in Exhibit F to the Lease Agreement) occur, either (a) Base Rent (as
defined in the Lease Agreement) will be adjusted as provided for in Exhibit F,
or (b) Tenant shall have the right to fund all or such portion of such excess
costs in which case Base Rent will not be adjusted as a result of such Tenant
expenditures; and

 

WHEREAS, certain Scope Changes have occurred
in addition to those contemplated by the First Amendment and Second Amendment
as hereinafter set forth, and Landlord and Tenant desire to provide for the
funding of such Scope Changes; and

 

WHEREAS, Landlord and Tenant desire to further
amend the Lease Agreement, as amended by the First Amendment and Second
Amendment, as set forth in this Third Amendment.

 

A G R E E M E N T:

 

NOW, THEREFORE, for and in consideration of
the premises and Ten Dollars and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant
hereby agree as follows:

 

1.             Defined
Terms. All capitalized but undefined terms used in this Third Amendment
shall have the meaning given such terms in the Lease Agreement.

 

2.             Excused
Delays. Tenant acknowledges that 92 days of Excused Delays have occurred
under the Lease and the Target Commencement Date and the Commencement Date
under the Lease is now November 22, 2006.

 

3.             Section
35 of the Lease. Tenant acknowledges that it did not exercise the option to
purchase the Premises under Section 35(a) of the Lease. Section 35 of the Lease
is hereby terminated.

 

1

 

4.             Base
Rent and Additional Rent. Landlord and Tenant have executed that certain
Purchase and Sale Agreement (the “Contract”)
pursuant to which Landlord will sell the Premises to Tenant. No Base Rent or
Additional Rent shall be due under the Lease and instead beginning on November
27, 2006 and on the 22nd day in each calendar month thereafter until
the Closing (as defined in the Contract), Tenant shall pay to Landlord in
advance $53,940  for such month (the
first payment on November 27, 2006 representing the period from November 22,
2006 through December 21, 2006) representing the interest carrying costs
incurred by Landlord for the Premises for such month, such amount to be
pro-rated for any partial calendar months (the “Carry Cost Amounts”); provided, however, if Tenant does not
close on the acquisition of the Premises pursuant to the terms of the Contract
on or before the Closing Date (as defined in the Contract), then on the date
that would otherwise be the Closing Date Tenant shall pay to Landlord the
difference between the Carry Cost Amounts paid through the Closing Date to
Landlord and the amount of Base Rent and Additional Rent that otherwise would
have been due under the Lease from the Commencement Date to and including the
Closing Date, and thereafter all of the terms of the Lease shall apply,
including but not limited to the provisions regarding Base Rent and Additional
Rent. Notwithstanding the foregoing, Tenant shall be liable for and shall pay
the Impositions under Section 5(d) of the Lease.

 

5.             Payment
of Third Amendment Tenant Improvement Costs and Disputed Second Amendment
Amounts. The Second Amendment outlined $202,022 in Disputed Second
Amendment Amounts. The Disputed Second Amendment Amounts are hereby modified to
delete certain items that have been credited back to Tenants, such that the
Disputed Second Amendment Amounts are as follows:

 

	
  Choate GC’s

  	
   

  	
  $

  	
  83,855

  	
   

  
	
  Re-mob HVAC

  	
   

  	
  $

  	
  21,716

  	
   

  
	
  HVAC Redesign

  	
   

  	
  $

  	
  27,206

  	
   

  
	
  Re-mob Drywall

  	
   

  	
  $

  	
  27,486

  	
   

  
	
  Electrical Design Engineering

  	
   

  	
  $

  	
  20,000

  	
   

  
	
  Subtotal

  	
   

  	
  $

  	
  180,263

  	
   

  

 

Of
that total, $47,206 represented engineering costs (HVAC Redesign of $27,206 and
Electrical Design Engineering of $20,000) (collectively, the “Engineering Costs”), and the remaining balance of $133,057
is herein referred to as the “Disputed Re-Mobilization
and Extended GC’s”). In addition, since the date of the Second
Amendment, as a result of the development of the Final Tenant Improvement Plans
and Specifications provided for by Section 2(d) of the Lease Agreement, and
based upon the December 11, 2006 Choate estimate, an additional $67,123 in
additional Tenant Improvement Costs have been requested by Tenant and performed
by Landlord (the “Third Amendment Tenant
Improvement Costs”).

 

Within ten (10) days after full execution of
this Third Amendment, Tenant shall pay to Landlord the Engineering Costs
($47,206), the Third Amendment Tenant Improvement Costs ($67,123) and fifty
percent (50%) of the Disputed Re-Mobilization and Extended GC’s ($66,528.50).
Upon and contingent on the closing of the purchase by Tenant of the Premises
under the Contract, Landlord shall pay the remaining balance of the Disputed
Re-Mobilization and Extended GC’s ($66,528.50); provided, however, if the
Contract does not close for any reason, the remaining balance of the Disputed
Re-Mobilization and Extended GC’s ($66,528.50) shall be not approved by Tenant
and shall still be in dispute, but shall continue to be subject to the terms and
conditions of the Lease. Failure of Tenant to pay the Engineering Costs, the
Third Amendment Tenant Improvement Costs and 50% of the Disputed
Re-Mobilization and Extended GC’s within the time period set forth above shall
be a default under the Lease and the Contract.

 

2

 

The
Second Amendment provided that the final estimated amount of the Tenant
Improvement Costs not in dispute by the parties was $5,846,521, resulting in an increase of
$990,803 above the $4,855,718 Tenant Allowances provided therefor in the First
Amendment. Based on the payments provided above in this paragraph 5, the
revised estimated amount of the Tenant Improvement Costs not in dispute by the
parties is $6,027,378.50 ($5,846,521 + $47,206 + $66,528.50 + $67,123 =
$6,027,378.50).

 

6.             New
Exhibit to Lease. The Contract attached hereto shall hereafter be deemed to
be Exhibit K to the Lease.

 

7.             No
Further Amendment. The Lease Agreement shall remain in full force and
effect, as modified by the First Amendment, the Second Amendment and this Third
Amendment.

 

IN WITNESS WHEREOF, Landlord and Tenant have
executed this Third Amendment effective as of the date first above written.

 

	
   

  	
  LANDLORD:

  
	
   

  	
   

  
	
   

  	
  KDC-CAROLINA INVESTMENTS 3, LP,

  
	
   

  	
  a
  Delaware limited partnership

  
	
   

  	
   

  
	
   

  	
  By:

  	
  KDC-Carolina Investments 3 GP, LLC,

  
	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
  its
  General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Koll Development Company I, LP,

  
	
   

  	
   

  	
   

  	
  a
  Delaware limited partnership,

  
	
   

  	
   

  	
   

  	
  its
  Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  SWV, LLC,

  
	
   

  	
   

  	
   

  	
  a
  Delaware limited liability

  
	
   

  	
   

  	
   

  	
  company,
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Tobin C. Grove

  
	
   

  	
   

  	
   

  	
  Tobin
  C. Grove, President

  
	
   

  	
   

  
	
   

  	
  TENANT:

  
	
   

  	
   

  
	
   

  	
  3D SYSTEMS CORPORATION,

  
	
   

  	
  a
  Delaware corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert
  M. Grace, Jr.

  	
   

  
	
   

  	
   

  	
  Robert
  M. Grace, Jr.

  
	
   

  	
   

  	
  Vice President, General Counsel & Secretary

  
								

 

3

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