Document:

Exhibit 10.1

 

IMPORTANT NOTICE

 

THIS INSTRUMENT CONTAINS A CONFESSION OF
JUDGMENT PROVISION WHICH CONSTITUTES A WAIVER OF IMPORTANT RIGHTS YOU MAY HAVE
AS A DEBTOR AND ALLOWS THE CREDITOR TO OBTAIN A JUDGMENT AGAINST YOU WITHOUT
ANY FURTHER NOTICE.

 

FIRST AMENDMENT

TO TERM NOTE

 

THIS FIRST AMENDMENT TO TERM NOTE (“First
Amendment”) is made as of March 10, 2008, by and among EFJ, Inc., a
Delaware corporation, E. F. Johnson Company, a Minnesota corporation,
Transcrypt International, Inc., a Delaware corporation, and 3e
Technologies International, Inc., a Maryland corporation (jointly and
severally, the “Borrower”) and Bank of America, N.A., a national banking
association (the “Lender”).

 

RECITALS

 

A.                                  Borrower is obligated
to Lender with respect to that certain Term Note dated as of July 11,
2006, made payable by Borrower to Lender in the original principal amount of
Fifteen Million and 00/100 Dollars ($15,000,000.00)(the “Term Note”).

 

B.                                    The Term Note
evidences the Borrower’s obligations to repay advance(s) of principal made
by the Lender under a Revolving Line of Credit Loan Agreement and Security
Agreement, dated as of November 15, 2002, as amended by that certain First
Amendment to Revolving Line of Credit Loan Agreement and Security Agreement
dated as of September 13, 2004, and as further amended by that certain
Second Amendment to Revolving Line of Credit Loan Agreement and Security
Agreement dated as of July 11, 2006, and as further amended by that
certain Third Amendment to Revolving Line of Credit Loan Agreement, Term Loan
Agreement and Security Agreement dated as of March 7, 2007 (the “Original
Loan Agreement”). The Term Note is governed, in part, by certain provisions of
the Original Loan Agreement.

 

C.                                    The Original Loan
Agreement has been further amended by that certain Fourth Amendment to
Revolving Line of Credit Loan Agreement, Term Loan Agreement and Security
between Borrower and Lender, of even date herewith (the Original Loan
Agreement, as so modified, being referred to hereafter as the “Loan Agreement”)
to, among other things, (1) to provide for the waiver of certain financial
covenants as they apply for Borrower’s fiscal quarter ending December 31,
2007, (2) to amend certain existing financial covenants and to add two

 

 

additional financial covenants, (3) to revise the interest rate in
effect for principal amounts advanced under the Term Note and Revolving Note
(as defined under the Loan Agreement), and (4) for certain other purposes.

 

D.                                   Borrower and Lender
desire to amend the Term Note to, among other things, revise the interest rate
in effect under the Term Note.

 

AGREEMENTS

 

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

 

1.                                       Capitalized
Terms.   Capitalized terms used
in this First Amendment but not defined herein have the meanings ascribed to
them in the Term Note.

 

2.                                       Interest.
  Section 1 of the Note entitled “Interest” is hereby deleted in its
entirety and restated as follows:

 

“1.                                 Interest.   Commencing as of the date hereof, interest on
the principal balance outstanding from time to time shall accrue at a
fluctuating annual rate equal to the “LIBOR-Based Rate” (as hereinafter
defined). The LIBOR-Based Rate is equal to the “LIBOR Rate” (as hereinafter
defined) in effect from time to time plus the applicable “LIBOR Margin” (as
defined below). The “LIBOR Rate” means the interest rate determined by the
following formula, rounded upward to the nearest 1/100 of one percent.

 

	
  LIBOR Rate =

  	
  London Inter-Bank Offered Rate

  	
   

  
	
   

  	
  (1.00 - Reserve Percentage)

  	
   

  

 

“London Inter-Bank Offered Rate” means the average per annum interest
rate at which U.S. dollar deposits would be offered for an “Interest Period” of
one (1) month by major banks in the London inter-bank market, as shown on
the Telerate Page 3750 (or any successor page) at approximately 11:00 a.m.
London time two (2) London Banking Days before the commencement of the
Interest Period. If such rate does not appear on the Telerate Page 3750
(or any successor page), the rate for that Interest Period will be determined
by such alternate method as reasonably selected by Lender. A “London Banking
Day” is a day on which Lender’s London Banking Center is open for business and
dealing in offshore dollars. “Reserve Percentage” means the total of the
maximum reserve percentages for determining the reserves to be maintained by
member banks of the Federal Reserve System for Eurocurrency Liabilities, as
defined in Federal Reserve Board Regulation D, rounded upward to the nearest
1/100 of one percent.

 

2

 

The percentage will be expressed as a decimal, and will include, but
not be limited to, marginal, emergency, supplemental, special, and other
reserve percentages. The first day of the Interest Period must be a day other
than a Saturday, or a Sunday on which Lender is open for business in New York
and London and dealing in offshore dollars (a “LIBOR Banking Day”). The last
day of the Interest Period and the actual number of days during the Interest
Period will be determined by Lender using the practices of the London
inter-bank market. Absent manifest error, the Lender’s certificate to the
Borrower stating the LIBOR Rate for each Interest Period shall be conclusive.

 

The “LIBOR Margin” shall mean 2.00% from March 10, 2008 through March 31,
2009. After March 31, 2009, “LIBOR Margin” shall be based on the Borrower’s
ratio of “Debt” (as defined in the Loan Agreement (as defined below)) to “EBITDA”
(as defined in the Loan Agreement), and is the applicable annual rate of
interest shown in the Performance Pricing Grid set forth below.

 

The rate at which interest shall accrue under this Note may change
immediately upon any change at the commencement of each Interest Period (if the
London Inter-Bank Offered Rate has changed) and/or upon any change in the LIBOR
Margin.

 

If the LIBOR Rate is discontinued or unavailable, interest on the outstanding
principal balance shall accrue at the “Prime Rate” (as hereafter defined) plus
the applicable “Prime Margin” (as defined below). The “Prime Rate” is a
fluctuating rate announced by the Lender from time to time, in the Lender’s
sole discretion, as the Lender’s Prime Rate. Changes in the Prime Rate will be
effective, without prior notice, as of the date any change is announced. The
Prime Rate is a reference rate only; it is not necessarily the most favorable
rate of interest that the Lender charges to any borrower or class of borrowers.
The “Prime Margin” shall mean 2.25% from March 10, 2008 through March 31,
2009. After March 31, 2009, “Prime Margin” shall be based on the Borrower’s
ratio of Debt to EBITDA, and is the applicable annual rate of interest shown in
the Performance Pricing Grid set forth below.

 

3

 

Performance Pricing Grid means the following
table (applicable after March 31, 2009):

 

	
   

  	
   

  	
  Level 1

  	
   

  	
  Level 2

  	
   

  	
  Level 3

  	
   

  	
  Level 4

  	
   

  
	
  Debt/EBITDA

  	
   

  	
  Ratio >2.50x

  	
   

  	
  2.50 >
  Ratio >2.25

  	
   

  	
  2.25 >
  Ratio > 1.00

  	
   

  	
  Ratio < 1.00x

  	
   

  
	
  LIBOR +

  	
   

  	
  1.75%

  	
   

  	
  1.50%

  	
   

  	
  1.25%

  	
   

  	
  1.00%

  	
   

  
	
  Prime Rate +

  	
   

  	
  2.00%

  	
   

  	
  1.75%

  	
   

  	
  1.50%

  	
   

  	
  1.25%

  	
   

  

 

All interest payable under the terms of this Note shall be calculated
by applying a daily interest rate, determined by multiplying the outstanding
principal balance by the applicable annual interest rate and dividing the
resulting product by 360, to the actual number of days principal is
outstanding.”

 

3.                                      Reaffirmation
of terms; no offsets or defenses. Except as modified by this First
Amendment, the Term Note remains in full force and effect and unmodified.
Borrower warrants and represents that it has no offsets or defenses to its
obligations under the Term Note, as modified by this First Amendment.

 

4.                                      Confession
of judgment. The Borrower hereby appoints or reappoints (as the case
may be) Joseph P. Corish and Jennifer A. Brust, and each of them, as the
Borrower’s true and lawful attorney-in-fact, for the Borrower, in the Borrower’s
name, place and stead, to confess judgment against the Borrower, following the
occurrence of an Event of Default, in the office of the Clerk of the Circuit
Court of Montgomery County, Maryland, for the outstanding principal balance
owing under the Term Note, as amended hereby, together with interest, late
payment charges, court costs, and attorneys fees of Fifteen Percent (15%) of
the then outstanding principal balance, hereby ratifying and confirming the
acts of said attorney-in-fact as if done by the Borrower. Notwithstanding the
amount confessed for attorneys fees, Lender agrees that enforcement of the
judgment for such attorneys fees so confessed shall not exceed the amount of
fees and expenses actually charged by counsel for Lender for services rendered
by counsel in connection with the confession of such judgment and the
collection of the sums owing by Borrower to Lender. The Borrower consents to
immediate execution of any such confessed judgment and waives the benefit of
any exemption laws. Any provisions set forth hereafter regarding arbitration of
disputes between the Borrower and the Lender shall not be deemed to limit
Lender’s right to have the attorneys-in-fact named in this paragraph confess
judgment against the Borrower in favor of the Lender following the occurrence
of an Event of Default.

 

4

 

5.                                      Arbitration.
Provisions of the Loan Agreement specifying that certain disputes between the
Borrower and the Lender shall be resolved by binding arbitration are
incorporated by reference into the Term Note as modified by this First
Amendment and shall have the same force and effect as if fully set forth in the
Term Note as modified by this First Amendment.

 

6.                                      Lender
consent. Lender has executed this First Amendment for the sole purpose
of evidencing its consent hereto, and not for the purpose of becoming liable on
the Term Note as a co-maker, endorser or guarantor.

 

(Signatures and Notary Acknowledgments on
following pages)

 

5

 

IN WITNESS WHEREOF, the undersigned have duly executed this First
Amendment as of the day and year first hereinabove set forth, the Lender having
signed for the sole purpose of evidencing its consent to the amendments herein
contained and not for the purpose of becoming a co-maker of the Term Note.

 

	
   

  	
  EFJ, INC., a Delaware corporation

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jana Ahlfinger Bell

  	
  (SEAL)

  
	
   

  	
  Name:

  	
  Jana Ahlfinger Bell

  	
   

  
	
   

  	
  Title:

  	
  Chief Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
  State of Texas

  	
  )

  	
   

  
	
  County of Dallas

  	
  ) To Wit:

  	
   

  
					

 

Acknowledged
before me by Jana Ahlfinger Bell as Chief Financial Officer of EFJ, Inc.,
a Delaware corporation, this 2nd day of April, 2008.

 

	
  [SEAL]

  	
   

  	
   /s/ Amy M. Fritts

  	
   

  
	
   

  	
   

  	
  Notary Public

  	
   

  
	
   

  	
   

  	
   

  
	
  My commission expires:

  	
   

  	
   

  
	
  My registration number:

  	
   

  	
   

  
					

 

	
   

  	
  E. F. JOHNSON COMPANY, a Minnesota corporation

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jana Ahlfinger Bell

  	
   (SEAL)

  
	
   

  	
  Name:

  	
  Jana Ahlfinger Bell

  	
   

  
	
   

  	
  Title:

  	
  Chief Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
  State of Texas

  	
  )

  	
   

  
	
  County of Dallas

  	
  ) To Wit:

  	
   

  
					

 

Acknowledged
before me by Jana Ahlfinger Bell as Chief Financial Officer of E.F. Johnson
Company, a Minnesota corporation, this 2nd day of April, 2008.

 

	
  [SEAL]

  	
   

  	
   /s/ Amy M. Fritts

  	
   

  
	
   

  	
   

  	
  Notary Public

  	
   

  
	
   

  	
   

  	
   

  
	
  My commission expires:

  	
   

  	
   

  
	
  My registration number:

  	
   

  	
   

  
					

 

6

 

	
   

  	
  TRANSCRYPT INTERNATIONAL, INC., a Delaware

  
	
   

  	
  corporation

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jana Ahlfinger Bell

  	
   (SEAL)

  
	
   

  	
  Name:

  	
  Jana Ahlfinger Bell

  	
   

  
	
   

  	
  Title:

  	
  Chief Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
  State of Texas

  	
  )

  	
   

  
	
  County of Dallas

  	
  ) To Wit:

  	
   

  
					

 

Acknowledged
before me by Jana Ahlfinger Bell as Chief Financial Officer of Transcrypt
International, Inc., a Delaware corporation, this 2nd day of April, 2008.

 

	
  [SEAL]

  	
   

  	
   /s/ Amy M. Fritts

  	
   

  
	
   

  	
   

  	
  Notary Public

  	
   

  
	
   

  	
   

  	
   

  
	
  My commission expires:

  	
   

  	
   

  
	
  My registration number:

  	
   

  	
   

  
					

 

	
   

  	
  3e TECHNOLOGIES INTERNATIONAL, INC., a Maryland corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jana Ahlfinger Bell

  	
  (SEAL)

  
	
   

  	
  Name:

  	
  Jana Ahlfinger Bell

  	
   

  
	
   

  	
  Title:

  	
  Chief Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
  State of Texas

  	
  )

  	
   

  
	
  County of Dallas

  	
  ) To Wit:

  	
   

  
					

 

Acknowledged before me by Jana Ahlfinger Bell
as Chief Financial Officer of 3e Technologies International, Inc., a
Delaware corporation, this 2nd day of April, 2008.

 

 

	
  [SEAL]

  	
   

  	
   /s/ Amy M. Fritts

  	
   

  
	
   

  	
   

  	
  Notary Public

  	
   

  
	
   

  	
   

  	
   

  
	
  My commission expires:

  	
   

  	
   

  
	
  My registration number:

  	
   

  	
   

  
					

 

7

 

	
   

  	
  BANK OF AMERICA, N.A.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eric H. Williams

  	
  (SEAL)

  
	
   

  	
  Name: 

  	
  Eric H. Williams

  	
   

  
	
   

  	
  Title: 

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
  State of

  	
  )

  	
   

  
	
  County of

  	
  ) To Wit:

  	
   

  
					

 

Acknowledged before me by Michael J. Landini
as Senior Vice President of Bank of America, N.A., this
         day of
             ,
2008.

 

 

	
  [SEAL]

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Notary Public

  
	
   

  	
   

  	
   

  
	
  My commission expires:

  	
   

  	
   

  
	
  My registration number:

  	
   

  	
   

  

 

8Exhibit 10.2

 

IMPORTANT NOTICE

 

THIS INSTRUMENT CONTAINS A CONFESSION OF JUDGMENT PROVISION
WHICH CONSTITUTES A WAIVER OF IMPORTANT RIGHTS YOU MAY HAVE AS A DEBTOR
AND ALLOWS THE CREDITOR TO OBTAIN A JUDGMENT AGAINST YOU WITHOUT ANY FURTHER
NOTICE.

 

THIRD AMENDMENT 

TO REVOLVING NOTE

 

THIS
THIRD AMENDMENT TO REVOLVING NOTE (“Third Amendment”) is made as of
March 10, 2008, by and among EFJ, Inc., a Delaware corporation, E. F.
Johnson Company, a Minnesota corporation, Transcrypt International, Inc.,
a Delaware corporation, and 3e Technologies International, Inc., a
Maryland corporation (jointly and severally, the “Borrower”) and Bank of
America, N.A., a national banking association (the “Lender”).

 

RECITALS

 

A.                                       Borrower is
obligated to Lender with respect to that certain Revolving Note dated as of
November 15, 2002, as modified by that certain First Amendment to
Revolving Note dated as of September 13, 2004, and as further modified by
that certain Second Amendment to Revolving Note dated as of July 11, 2006,
made payable by Borrower to Lender in the maximum principal amount of Fifteen
Million and 00/100 Dollars ($15,000,000.00)(the “Revolving Note”).

 

B.                                         The Revolving
Note evidences the Borrower’s obligations to repay advances of principal made
by the Lender under a Revolving Line of Credit Loan Agreement and Security
Agreement, dated as of November 15, 2002, as amended by that certain First
Amendment to Revolving Line of Credit Loan Agreement and Security Agreement
dated as of September 13, 2004, and as further amended by that certain
Second Amendment to Revolving Line of Credit Loan Agreement and Security
Agreement dated as of July 11, 2006, and as further amended by that
certain Third Amendment to Revolving Line of Credit Loan Agreement, Term Loan
Agreement and Security Agreement dated as of March 7, 2007. (the “Original
Loan Agreement”). The Revolving Note is governed, in part, by certain
provisions of the Original Loan Agreement.

 

C.                                         The Original
Loan Agreement has been further amended by that certain Fourth Amendment to
Revolving Line of Credit Loan Agreement, Term Loan Agreement and Security
between Borrower and Lender, of even date herewith (the Original Loan
Agreement, as so modified, being referred to hereafter as the “Loan Agreement”)
to, among other things, (1) to provide for the waiver of certain

 

 

financial
covenants as they apply for Borrower’s fiscal quarter ending December 31,
2007, (2) to amend certain existing financial covenants and to add two
additional financial covenants, (3) to revise the interest rate in effect
for principal amounts advanced under the Revolving Note and Term Note (as
defined in the Loan Agreement), and (4) for certain other purposes.

 

D.                                    Borrower and
Lender desire to amend the Revolving Note to, among other things, revise the
interest rate in effect under the Revolving Note.

 

AGREEMENTS

 

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

 

1.                                       Capitalized Terms. Capitalized terms used in
this Third Amendment but not defined herein have the meanings ascribed to them
in the Revolving Note.

 

2.                                       Interest. Section 1 of the Note entitled “Interest” is hereby deleted in its
entirety and restated as follows:

 

“1.                                Interest. Commencing as of the date hereof, interest on the
principal balance outstanding from time to time shall accrue at a fluctuating
annual rate equal to the “LIBOR-Based Rate” (as hereinafter defined). The
LIBOR-Based Rate is equal to the “LIBOR Rate” (as hereinafter defined) in
effect from time to time plus the applicable “LIBOR Margin” (as defined below).
The “LIBOR Rate” means the interest rate determined by the following formula,
rounded upward to the nearest 1/100 of one percent.

 

LIBOR
Rate =    London Inter-Bank Offered Rate

(1.00
- Reserve Percentage)

 

“London
Inter-Bank Offered Rate” means the average per annum interest rate at which
U.S. dollar deposits would be offered for an “Interest Period” of one
(1) month by major banks in the London inter-bank market, as shown on the
Telerate Page 3750 (or any successor page) at approximately
11:00 a.m. London time two (2) London Banking Days before the commencement
of the Interest Period. If such rate does not appear on the Telerate
Page 3750 (or any successor page), the rate for that Interest Period will
be determined by such alternate method as reasonably selected by Lender. A
“London Banking Day” is a day on which Lender’s London Banking Center is open
for business and dealing in offshore dollars. “Reserve Percentage” means the
total of the maximum reserve percentages for determining the reserves to be
maintained by member banks of

 

2

 

the
Federal Reserve System for Eurocurrency Liabilities, as defined in Federal
Reserve Board Regulation D, rounded upward to the nearest 1/100 of one percent.
The percentage will be expressed as a decimal, and will include, but not be
limited to, marginal, emergency, supplemental, special, and other reserve
percentages. The first day of the Interest Period must be a day other than a
Saturday, or a Sunday on which Lender is open for business in New York and
London and dealing in offshore dollars (a “LIBOR Banking Day”). The last day of
the Interest Period and the actual number of days during the Interest Period
will be determined by Lender using the practices of the London inter-bank
market. Absent manifest error, the Lender’s certificate to the Borrower stating
the LIBOR Rate for each Interest Period shall be conclusive.

 

The
“LIBOR Margin” shall mean 2.00% from March 10, 2008 through March 31,
2009, After March 31, 2009, “LIBOR Margin” shall be based on the
Borrower’s ratio of “Debt” (as defined in the Loan Agreement (as defined
below)) to “EBITDA” (as defined in the Loan Agreement), and is the applicable
annual rate of interest shown in the Performance Pricing Grid set forth below.

 

The
rate at which interest shall accrue under this Note may change immediately upon
any change at the commencement of each Interest Period (if the London
Inter-Bank Offered Rate has changed) and/or upon any change in the LIBOR
Margin.

 

If
the LIBOR Rate is discontinued or unavailable, interest on the outstanding
principal balance shall accrue at the “Prime Rate” (as hereafter defined) plus
the applicable “Prime Margin” (as defined below). The “Prime Rate” is a
fluctuating rate announced by the Lender from time to time, in the Lender’s
sole discretion, as the Lender’s Prime Rate. Changes in the Prime Rate will be
effective, without prior notice, as of the date any change is announced. The
Prime Rate is a reference rate only; it is not necessarily the most favorable
rate of interest that the Lender charges to any borrower or class of borrowers.
The “Prime Margin” shall mean 2.25% from March 10, 2008 through
March 31, 2009, After March 31, 2009, “Prime Margin” shall be based
on the Borrower’s ratio of Debt to EBITDA, and is the applicable annual rate of
interest shown in the Performance Pricing Grid set forth below.

 

3

 

Performance Pricing Grid
means the following table (applicable after March 31, 2009):

 

	
   

  	
   

  	
  Level 1

  	
   

  	
  Level 2

  	
   

  	
  Level 3

  	
   

  	
  Level 4

  	
   

  
	
  Debt/EBITDA

  	
   

  	
  Ratio >2.50x

  	
   

  	
  2.50 > Ratio >2.25

  	
   

  	
  2.25 > Ratio
  > 1.00

  	
   

  	
  Ratio < 1.00x

  	
   

  
	
  LIBOR +

  	
   

  	
  1.75%

  	
   

  	
  1.50%

  	
   

  	
  1.25%

  	
   

  	
  1.00%

  	
   

  
	
  Prime Rate +

  	
   

  	
  2.00%

  	
   

  	
  1.75%

  	
   

  	
  1.50%

  	
   

  	
  1.25%

  	
   

  

 

All interest payable
under the terms of this Note shall be calculated by applying a daily interest
rate, determined by multiplying the outstanding principal balance by the
applicable annual interest rate and dividing the resulting product by 360, to
the actual number of days principal is outstanding.”

 

3.                                           Reaffirmation of terms;
no offsets or defenses. Except as modified by this Third Amendment, the
Revolving Note remains in full force and effect and unmodified. Borrower
warrants and represents that it has no offsets or defenses to its obligations
under the Revolving Note, as modified by this Third Amendment.

 

4.                                           Confession of judgment. The Borrower hereby appoints or
reappoints (as the case may be) Joseph P. Corish and Jennifer A. Brust, and
each of them, as the Borrower’s true and lawful attorney-in-fact, for the
Borrower, in the Borrower’s name, place and stead, to confess judgment against
the Borrower, following the occurrence of an Event of Default, in the office of
the Clerk of the Circuit Court of Montgomery County, Maryland, for the
outstanding principal balance owing under the Revolving Note, as amended
hereby, together with interest, late payment charges, court costs, and
attorneys fees of Fifteen Percent (15%) of the then outstanding principal
balance, hereby ratifying and confirming the acts of said attorney-in-fact as
if done by the Borrower. Notwithstanding the amount confessed for attorneys
fees, Lender agrees that enforcement of the judgment for such attorneys fees so
confessed shall not exceed the amount of fees and expenses actually charged by
counsel for Lender for services rendered by counsel in connection with the confession
of such judgment and the collection of the sums owing by Borrower to Lender.
The Borrower consents to immediate execution of any such confessed judgment and
waives the benefit of any exemption laws. Any provisions set forth hereafter
regarding arbitration of disputes between the Borrower and the Lender shall not
be deemed to limit Lender’s right to have the attorneys-in-fact named in this
paragraph confess judgment against the Borrower in favor of the Lender
following the occurrence of an Event of Default.

 

4

 

	
  5.

  	
  Arbitration. Provisions of the Loan Agreement specifying that
  certain disputes between the Borrower and the Lender shall be resolved
  by binding arbitration are incorporated by reference into the Revolving Note as modified by this Third
  Amendment and shall have the same force and effect as if fully set forth in
  the Revolving Note as modified by this Third Amendment.

  
	
   

  	
   

  
	
  6.

  	
  Lender
  consent. Lender has executed this Third Amendment for the
  sole purpose of  evidencing its consent
  hereto, and not for the purpose of becoming liable on the Revolving Note as a
  co-maker, endorser or guarantor.

  

 

(Signatures and Notary
Acknowledgments on following pages)

 

5

 

IN WITNESS WHEREOF, the undersigned
have duly executed this Third Amendment as of the day and year first hereinabove set forth, the
Lender having signed for the sole purpose of evidencing its consent to the amendments herein contained
and not for the purpose of becoming a co-maker of the Revolving Note.

 

	
   

  	
  EFJ, INC., a Delaware corporation

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Jana Ahlfinger Bell

  	
  (SEAL)

  
	
   

  	
  Name:  Jana
  Ahlfinger Bell

  	
   

  
	
   

  	
  Title:
    Chief Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
  State
  of Texas

  	
  )

  	
   

  
	
  County
  of Dallas

  	
  ) To
  Wit:

  	
   

  
				

 

Acknowledged
before me by Jana Ahlfinger Bell as Chief Financial Officer of EFJ, Inc., a
Delaware corporation, this 2nd day of April, 2008.

 

	
   

  	
   

  	
   

  
	
  [SEAL]

  	
   

  	
   /s/ Amy M. Fritts

  	
   

  
	
   

  	
   

  	
  Notary Public

  	
   

  
	
   

  	
   

  	
   

  
	
  My commission expires:

  	
   

  	
   

  
	
  My registration number:

  	
   

  	
   

  
					

 

 

	
   

  	
  E.
  F. JOHNSON COMPANY, a Minnesota corporation

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Jana Ahlfinger Bell

  	
  (SEAL)

  
	
   

  	
  Name:  Jana
  Ahlfinger Bell

  	
   

  
	
   

  	
  Title:
    Chief Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
  State
  of Texas

  	
  )

  	
   

  
	
  County
  of Dallas

  	
  ) To
  Wit:

  	
   

  
				

 

Acknowledged before me by Jana
Ahlfinger Bell as Chief Financial Officer of E.F. Johnson Company, a Minnesota
corporation, this 2nd day of April, 2008.

 

	
  [SEAL]

  	
   

  	
   /s/ Amy M. Fritts

  	
   

  
	
   

  	
   

  	
  Notary Public

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  My commission expires:

  	
   

  	
   

  
	
  My registration number:

  	
   

  	
   

  
					

 

6

 

	
   

  	
  TRANSCRYPT
  INTERNATIONAL, INC., a Delaware corporation

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Jana Ahlfinger Bell

  	
  (SEAL)

  
	
   

  	
  Name:  Jana
  Ahlfinger Bell

  	
   

  
	
   

  	
  Title:
    Chief Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
  State
  of Texas

  	
  )

  	
   

  
	
  County
  of Dallas

  	
  ) To
  Wit:

  	
   

  
				

 

Acknowledged
before me by Jana Ahlfinger Bell as Chief Financial Officer of Transcrypt International, Inc., a Delaware
corporation, this 2nd day of April, 2008.

 

	
  [SEAL]

  	
   

  	
   /s/ Amy M. Fritts

  	
   

  
	
   

  	
   

  	
  Notary Public

  	
   

  
	
   

  	
   

  	
   

  
	
  My commission expires:

  	
   

  	
   

  
	
  My registration number:

  	
   

  	
   

  
					

 

 

	
   

  	
  3e TECHNOLOGIES
  INTERNATIONAL, INC., a Maryland

  corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Jana Ahlfinger Bell

  	
  (SEAL)

  
	
   

  	
  Name:  Jana
  Ahlfinger Bell

  	
   

  
	
   

  	
  Title:
    Chief Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
  State
  of Texas

  	
  )

  	
   

  
	
  County
  of Dallas

  	
  ) To
  Wit:

  	
   

  
				

 

Acknowledged before me by Jana Ahlfinger Bell as Chief
Financial Officer of 3e Technologies International, Inc., a
Delaware corporation, this 2nd day of
April, 2008.

 

 

	
  [SEAL]

  	
   

  	
   /s/ Amy M. Fritts

  	
   

  
	
   

  	
   

  	
  Notary Public

  	
   

  
	
   

  	
   

  	
   

  
	
  My commission expires:

  	
   

  	
   

  
	
  My registration number:

  	
   

  	
   

  
					

 

7

 

	
   

  	
  BANK OF AMERICA, N.A.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Eric H. Williams

  	
  (SEAL)

  
	
   

  	
  Name: Eric H. Williams

  	
   

  
	
   

  	
  Title:
    Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
  State
  of

  	
  )

  	
   

  
	
  County
  of

  	
  ) To
  Wit:

  	
   

  
				

 

Acknowledged
before me by Michael J. Landini as Senior Vice President of Bank of America,
N.A., this         day
of                     ,
2008.

 

 

	
  [SEAL]

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Notary Public

  	
   

  
	
   

  	
   

  	
   

  
	
  My commission expires:

  	
   

  	
   

  
	
  My registration number:

  	
   

  	
   

  
					

 

8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]