Document:

EX-10.80

Exhibit 10.80

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is entered into as of August 16, 2006, by and
between Meade Instruments Corp., a Delaware corporation (the “Company”), and Donald Finkle
(“Employee”).

WITNESSETH:

WHEREAS, the Company and Employee desire to enter into this Agreement to assure the Company of
the continuing and exclusive service of Employee and to set forth the terms and conditions of
Employee’s employment with the Company.

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, the
parties agree as follows:

1. Term. The Company agrees to employ Employee and Employee hereby accepts such
employment, in accordance with the terms of this Agreement, commencing as of the date set forth
above. The initial term of this Agreement shall be six months; provided, however, that unless the
Company or Employee gives written notice to the other party to the contrary at least 60 days prior
to any semi-annual renewal of the date hereof, the term of this Agreement shall automatically be
extended for an additional term of six months on such renewal date. Notwithstanding the above, at
such time as Employee has been continually employed by the Company for more than one year (but not
prior to that date), the term of this Agreement shall be changed to one year; and after the term
has been changed to one year, unless the Company or Employee gives written notice to the other
party to the contrary at least 90 days prior to any annual renewal of the date thereof, the term of
this Agreement shall automatically be extended for an additional term of one year on such renewal
date. The term of this Agreement shall include any automatic extensions pursuant to the preceding
sentences.

2. Services and Exclusivity of Services. So long as this Agreement shall continue in
effect, Employee shall devote Employee’s full business time, energy and ability exclusively to the
business, affairs and interests of the Company and matters related thereto, shall use Employee’s
best efforts and abilities to promote the Company’s interests and shall perform the services
contemplated by this Agreement in accordance with policies established by and under the direction
of the Chief Executive Officer (“CEO”).

Without the prior express written authorization of the CEO, Employee shall not, directly or
indirectly, during the term of this Agreement render services to any other person or firm for
compensation or engage in any activity competitive with or adverse to the Company’s business.
Employee may serve as a director or in any other capacity of any business enterprise or any
nonprofit or governmental entity or trade association, provided in each case that such service is
approved by the CEO. Notwithstanding the foregoing, Employee may make and manage personal business
investments of Employee’s choice and serve in any capacity with any civic, educational or
charitable organization without seeking the approval of the CEO, provided that such activities and
services do not substantially interfere or conflict with the performance of the duties hereunder or
create any conflict of interest with such duties.

3. Duties and Responsibilities. Employee shall serve as Senior Vice President –
Operations of the Company for the duration of this Agreement. In the performance of Employee’s
duties, Employee shall report directly to the CEO and shall be subject to the direction of the CEO
and to such limits on Employee’s authority as the CEO may from time to time impose. During the
term of this Agreement, Employee shall be based at the Company’s principal executive offices in
Orange County, California.

Employee agrees to observe and comply with the rules and regulations of the Company and agrees
to carry out and perform orders, directions and policies of the Company as they may be, from time
to time, stated either orally or in writing. The Company agrees that the duties which may be
assigned to Employee shall be usual and customary duties of the office or position to which
Employee may from time to time be appointed or elected and shall not be inconsistent with the
provisions of the charter documents of the Company or applicable law. Employee shall have such
corporate power and authority as shall be required to enable Employee to perform the duties
required in any office that may be held.

	 	4.	 	Compensation.

(a) Base Compensation. During the term of this Agreement, the Company agrees to pay
Employee a base salary at the rate of $230,000 per year, payable in accordance with the Company
practices in effect from time to time (the “Base Salary”).

(b) Additional Benefits. Employee shall also be entitled to all rights and benefits
for which Employee is otherwise eligible under any bonus plan (including any Performance Share
Award under the Company’s 1997 Stock Incentive Plan), incentive agreement, participation or extra
compensation plan, pension plan, profit-sharing plan, life, medical, dental, disability, or
insurance plan (including, without limitation, the Company’s Employee Stock Ownership Plan) or
policy or other plan or benefit that the Company may provide for Employee or (provided Employee is
eligible to participate therein) for employees of the Company generally, as from time to time in
effect, during the term of this Agreement (collectively, all of the above shall be referred to as
the “Additional Benefits”).

(c) Periodic Review. The CEO shall review Employee’s Base Salary and Additional
Benefits then being paid to Employee not less frequently than approximately every twelve months in
accordance with Company policy, as from time to time in effect. Following any such review, the
Company may in its discretion increase or decrease (but shall not be required to increase or
decrease) the Base Salary or any other benefits.

(d) Perquisites. Employee shall be entitled to three weeks paid vacation each
twelve-month period, which shall accrue on a pro rata basis from the date employment commences
under this Agreement. Vacation time will continue to accrue so long as Employee’s total accrued
vacation does not exceed six weeks. Should Employee’s accrued vacation time reach six weeks,
Employee will cease to accrue additional vacation until Employee’s accrued vacation time falls
below this level. All vacation time shall be subject to the plans, policies, programs and
practices as in effect generally with respect to other peer employees of the Company.

5. Termination. This Agreement and all obligations hereunder (except the obligations
contained in Sections 7, 8, 9, 10, 11 and 12 (Confidential Information, Inventions and Patents,
Non-Competition, No Solicitation of Customers, Noninterference with Employees and Assistance in
Patent Applications) which shall survive any termination hereunder) shall terminate upon the
earliest to occur of any of the following:

(a) Voluntary Termination. The voluntary termination by Employee or retirement from
the Company in accordance with the normal retirement policies of the Company.

(b) Death or Disability of Employee. Employee’s employment shall be terminated upon
the death or Disability (as defined below) of Employee. In such instance, all obligations
hereunder to Employee (or Employee’s heirs or legal representatives) shall cease, other than for
(i) payment of the sum of (A) Employee’s annual Base Salary through the date of termination to the
extent not theretofore paid, (B) compensation previously deferred by Employee (together with any
accrued interest or earnings thereon), and (C) any accrued vacation pay, in each case to the extent
not theretofore paid (the sum of the amounts described in clauses (A), (B) and (C) shall be
hereinafter referred to as the “Accrued Obligations”), which shall be paid to Employee or
Employee’s estate or beneficiary, as applicable, in a lump sum in cash within 30 days after the
date of termination or any earlier time required by applicable law; and (ii) payment to Employee or
Employee’s estate or beneficiary, as applicable, of any amount due pursuant to the terms of any
applicable benefit plan. For purposes of this Agreement, disability shall mean the absence of
Employee performing Employee’s duties with the Company on a full-time basis for a period of six
months, as a result of incapacity due to mental or physical illness which is determined to be
total and permanent by a physician selected by the Company or its insurers and acceptable
to Employee or Employee’s legal representative (such agreement as to acceptability not to be
withheld unreasonably).

(c) Cause. The Company may terminate Employee’s employment and all of Employee’s
rights to receive Base Salary and any Additional Benefits hereunder for Cause. For purposes of
this Agreement, the term “Cause” shall be defined as any of the following; provided, however, that
the Company must determine the presence of such Cause in good faith:

(i) Employee’s material breach of any of the duties and responsibilities under this Agreement
(other than as a result of incapacity due to Employee’s disability);

(ii) Employee’s commission of any act of fraud upon the Company or any personal dishonesty,
incompetence, negligence, or willful or negligent misconduct, including immoderate use of alcoholic
beverages or narcotics or other substance abuse;

(iii) Employee’s conviction by, or entry of a plea of guilty or nolo contendere in, a court of
competent jurisdiction for a felony or any crime which materially adversely affects the Company
and/or its reputation in the community and which involves moral turpitude or is punishable by
imprisonment in the jurisdiction involved;

(iv) Employee’s willful failure or refusal to perform Employee’s duties or responsibilities
under this Agreement or Employee’s material violation of any duty of loyalty to the Company or a
breach of Employee’s fiduciary duties.

(d) Without Cause. Notwithstanding any other provision of this Section 5, the Company
shall have the right to terminate Employee’s employment with the Company without cause at any time,
if such termination without cause occurs during the first year of Employee’s employment with the
Company, Employee shall be entitled to receive six monthly payments each equal to the value of
Employee’s Base Salary for a one-month period, and if such termination without cause occurs after
Employee has been continuously employed by the Company for more than one year, Employee shall be
entitled to receive twelve monthly payments each equal to the value of Employee’s Base Salary for a
one-month period. Such payments to Employee representing the value of all such Base Salary shall
be paid to Employee on the first day of each month of the six-month period or twelve-month period,
as applicable, following the date of such termination.

6. Business Expenses. During the term of this Agreement, to the extent that such
expenditures satisfy the criteria under the Internal Revenue Code for deductibility by the Company
(whether or not fully deductible by the Company) for federal income tax purposes as ordinary and
necessary business expenses, the Company shall reimburse Employee promptly for reasonable business
expenditures, including travel, entertainment, parking, business meetings, and professional dues,
made and substantiated in accordance with the reasonable policies, practices and procedures
established from time to time by the Company generally with respect to other peer employees and
incurred in the pursuit and furtherance of the Company’s business and good will.

7. Confidential Information. Employee acknowledges that the nature of Employee’s
engagement by the Company is such that Employee shall have access to information of a confidential
and/or trade secret nature which has great value to the Company and which constitutes a substantial
basis and foundation upon which the business of the Company is based. Such information includes
financial, manufacturing and marketing data, techniques, processes, formulas, developmental or
experimental work, work in process, methods, trade secrets (including, without limitation, customer
lists and lists of customer sources), or any other secret or confidential information relating to
the products, services, customers, sales or business affairs of the Company (the “Confidential
Information”). Employee shall keep all such Confidential Information in confidence during the term
of this Agreement and at any time thereafter and shall not disclose any of such Confidential
Information to any other person, except to the extent such disclosure is (i) necessary to the
performance of this Agreement and in furtherance of the Company’s best interests, (ii) required by
applicable law, (iii) lawfully obtainable from other sources, or (iv) authorized by the Company.
Upon termination of Employee’s employment with the Company, Employee shall deliver to the Company,
or certify to the Company of the destruction of, all documents, records, notebooks, work papers,
and all similar material containing any of the foregoing information, whether prepared by Employee,
the Company or anyone else.

8. Inventions and Patents. Except as may be limited by Section 2870 of the California
Labor Code, all inventions, designs, improvements, patents, copyrights and discoveries conceived by
Employee during the term of this Agreement which are useful in or directly or indirectly related to
the business of the Company or to any experimental work carried on by the Company, shall be the
property of the Company. Employee will promptly and fully disclose to the Company all such
inventions, designs, improvements, patents, copyrights and discoveries (whether developed
individually or with other persons) and shall take all steps necessary and reasonably required to
assure the Company’s ownership thereof and to assist the Company in protecting or defending the
Company’s proprietary rights therein.

Employee acknowledges hereby receipt of written notice from the Company pursuant to California
Labor Code Section 2872 that this Agreement (to the extent it requires an assignment or offer to
assign rights to any invention of Employee) does not apply fully to an invention which qualifies
fully under California Labor Code Section 2870.

9. Non-Competition. In order to protect the Confidential Information, Employee agrees
that during the term of Employee’s employment, and for a period of twelve months thereafter,
Employee shall not, directly or indirectly, whether as an owner, partner, shareholder, agent,
employee, creditor, or otherwise, promote, participate or engage in any activity or other business
competitive with the Company’s business in any jurisdiction in which the Company operates at the
time of such termination if such activity or other business involves any use by the Employee of any
of the Confidential Information.

10. Non-Solicitation of Customers. Employee agrees that for a period of twelve months
after the termination of employment with the Company, Employee will not, on behalf of Employee or
on behalf of any other individual, association or entity, call on any of the customers of the
Company for the purpose of soliciting or inducing any of such customers to acquire (or providing to
any of such customers) any product or service provided by the Company, nor will Employee in any
way, directly or indirectly, as agent or otherwise, in any other manner solicit, influence or
encourage such customers to take away or to divert or direct their business to Employee or any
other person or entity by or with which Employee is employed, associated, affiliated or otherwise
related.

11. Noninterference with Employees. In order to protect the Confidential Information,
Employee agrees that during the term hereof and for a period of twelve months thereafter, Employee
will not, directly or indirectly, solicit any employee of the Company to leave such employment.

12. Assistance in Patent Applications. Employee agrees to assist the Company in
obtaining United States or foreign letters patent and copyright registrations covering inventions
assigned hereunder to the Company and that Employee’s obligation to assist the Company shall
continue beyond the termination of Employee’s employment but the Company shall compensate Employee
at a reasonable rate for time actually spent by Employee at the Company’s request with respect to
such assistance. If the Company is unable because of Employee’s mental or physical incapacity or
for any other reason to secure Employee’s signature to apply for or to pursue any application for
any United States or foreign letters patent or copyright registrations covering inventions assigned
to the Company, then Employee hereby irrevocably designates and appoints the Company and its duly
authorized officers and agents as Employee’s agent and attorney-in-fact to act for and in
Employee’s behalf and stead to execute and file any such applications and to do all other lawfully
permitted acts to further the prosecution and issuance of letters patent or copyright registrations
thereon with the same legal force and effect as if executed by Employee. Employee hereby waives
and quitclaims to the Company any and all claims, of any nature whatsoever, which Employee now or
hereafter may have for infringement of any patent or copyright resulting from any such application
for letters patent or copyright registrations assigned hereunder to the Company. Employee will
further assist the Company in every way to enforce any copyrights or patents obtained including,
without limitation, testifying in any suit or proceeding involving any of the copyrights or patents
or executing any documents deemed necessary by the Company, all without further consideration but
at the expense of the Company. If Employee is called upon to render such assistance after the
termination of Employee’s employment, then Employee shall be entitled to a fair and reasonable per
diem fee in addition to reimbursement of any expenses incurred at the request of the Company.

13. Remedies. The parties hereto agree that the services to be rendered by
Employee pursuant to this Agreement, and the rights and privileges granted to the Company pursuant
to this Agreement, are of a special, unique, extraordinary and intellectual character, which gives
them a peculiar value, the loss of which cannot be reasonably or adequately compensated in damages
in any action at law, and that a breach by Employee of any of the terms of this Agreement will
cause the Company great and irreparable injury and damage. Employee hereby expressly agrees that
the Company shall be entitled to the remedies of injunction, specific performance and other
equitable relief to prevent a breach of this Agreement by Employee. This Section 13 shall not be
construed as a waiver of any other rights or remedies which the Company may have for damages or
otherwise.

14. Severability. If any provision of this Agreement is held to be unenforceable for
any reason, it shall be adjusted rather than voided, if possible, to achieve the intent of the
parties to the extent possible. In any event, all other provisions of this Agreement shall be
deemed valid and enforceable to the extent possible.

15. Succession. This Agreement shall inure to the benefit of and be binding upon the
Company and its successors and assigns and any such successor or assignee shall be deemed
substituted for the Company under the terms of this Agreement for all purposes. As used herein,
“successor” and “assignee” shall include any person, firm, corporation or other business entity
which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires the
stock of the Company or to which the Company assigns this Agreement by operation of law or
otherwise. The obligations and duties of Employee hereunder are personal and otherwise not
assignable. Employee’s obligations and representations under this Agreement will survive the
termination of Employee’s employment, regardless of the manner of such termination.

16. Notices. Any notice or other communication provided for in this Agreement shall
be in writing and sent if to the Company to its principal executive office at:

Meade Instruments Corp.

6001 Oak Canyon

Irvine, California 92618

Phone: (949) 451-1450; Facsimile: (949) 451-1460

Attention: General Counsel

or at such other address as the Company may from time to time in writing designate, and if to
Employee at such address as Employee may from time to time in writing designate. Each such notice
or other communication shall be effective (i) if given by telecommunication, when transmitted to
the applicable number so specified in (or pursuant to) this Section 16 and a verification of
receipt is received, (ii) if given by mail, three days after such communication is deposited in the
mails with first class postage prepaid, addressed as aforesaid or (iii) if given by any other
means, when actually delivered at such address.

17. Entire Agreement. This Agreement contains the entire agreement of the parties
relating to the subject matter hereof and supersedes any prior agreements, undertakings,
commitments and practices relating to Employee’s employment by the Company.

18. Amendments. No amendment or modification of the terms of this Agreement shall be
valid unless made in writing and duly executed by both parties.

19. Waiver. No failure on the part of any party to exercise or delay in exercising
any right hereunder shall be deemed a waiver thereof or of any other right, nor shall any single or
partial exercise preclude any further or other exercise of such right or any other right.

20. Governing Law. This Agreement, and the legal relations between the parties, shall
be governed by and construed in accordance with the laws of the State of California without regard
to conflicts of law doctrines.

21. Arbitration. As a material inducement to enter into this Agreement, to the
fullest extent allowed by law, any controversy, claim or dispute between Employee and the Company
(and/or any of its owners, directors, officers, employees, agents, or related entities) relating to
or arising out of Employee’s employment or the cessation of that employment will be submitted to
final and binding arbitration before a single neutral arbitrator in Orange County, California for
determination in accordance with the American Arbitration Association’s (“AAA”) National Rules for
the Resolution of Employment Disputes, as the exclusive remedy for such controversy, claim or
dispute. In any such arbitration, the parties may conduct discovery to the same extent as would be
permitted in a court of law. The arbitrator shall issue a written decision, and shall have full
authority to award all remedies which would be available in court. The Company shall pay the
arbitrator’s fees and any AAA administrative expenses. Any judgment upon the award rendered by the
arbitrator may be entered in any court having jurisdiction thereof. Possible disputes covered by
the above include (but are not limited to) unpaid wages, breach of contract, torts, violation of
public policy, discrimination, harassment, or any other employment-related claims under laws
including but not limited to Title VII of the Civil Rights Act of 1964, the Americans With
Disabilities Act, the Age Discrimination in Employment Act, the California Fair Employment and
Housing Act, the California Labor Code, and any other statutes or laws relating to an employee’s
relationship with his/her employer, regardless of whether such dispute is initiated by Employee or
the Company. Thus, this bilateral arbitration agreement fully applies to any and all claims that
the Company may have against you, including but not limited to, claims for misappropriation of
Company property, disclosure of proprietary information or trade secrets, interference with
contract, trade libel, conversion, breach of fiduciary duty, gross negligence, or any other claim
for alleged wrongful conduct or breach of the duty of loyalty by an employee. However, claims for
workers’ compensation benefits and unemployment insurance (or any other claims where mandatory
arbitration is prohibited by law) are not covered by this arbitration agreement, and such claims
may be presented by Employee or the Company to the appropriate court or government agency. BY
AGREEING TO THIS BINDING ARBITRATION PROVISION, BOTH EMPLOYEE AND THE COMPANY GIVE UP ALL RIGHTS TO
TRIAL BY JURY. This bilateral arbitration agreement is to be construed as broadly as is
permissible under relevant law. In connection with any arbitration proceeding commenced hereby,
the prevailing party shall be entitled to reimbursement of its reasonable attorney’s fees and
costs, including arbitrator fees.

22. Withholding. All compensation payable hereunder, including salary and other
benefits, shall be subject to applicable taxes, withholding and other required, normal or elected
employee deductions.

23. Counterparts. This Agreement and any amendment hereto may be executed in one or
more counterparts. All of such counterparts shall constitute one and the same agreement and shall
become effective when a copy signed by each party has been delivered to the other party.

24. Headings. Section and other headings contained in this Agreement are for
convenience of reference only and shall not affect in any way the meaning or interpretation of this
Agreement.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above
written.

MEADE INSTRUMENTS CORP.

/s/ Mark D. Peterson

	 	 	By Mark D. Peterson

Its  SVP, General Counsel & Secretary

EMPLOYEE

/s/ Donald Finkle

Donald Finkle

[address]Exhibit 10.1 Seventh Amendment to Credit Agreement

EXHBIT 10.1

    

     

    SEVENTH
      AMENDMENT TO CREDIT AGREEMENT

     

    This
      SEVENTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of August 14,
      2006, (the “Effective Date”) is among FFE TRANSPORTATION SERVICES, INC. (the
“Borrower”), each of the undersigned Other Companies, each of the banks or other
      lending institutions which is a party to the Agreement (hereinafter defined)
      (each a “Bank” and collectively, the “Banks”), COMERICA BANK,
      successor-by-merger with Comerica Bank-Texas (“Comerica”), as administrative
      agent for the Banks (in such capacity, together with its successors in such
      capacity, the “Administrative Agent”), and as issuer of Letters of Credit under
      the Agreement (in such capacity, together with its successors in such capacity,
      the “Issuing Bank”), and LASALLE BANK NATIONAL ASSOCIATION, a national banking
      association (“LaSalle”), as Syndication Agent (in such capacity, together with
      its successors in such capacity, the “Syndication Agent”), and as Collateral
      Agent (in such capacity, together with its successors in such capacity, the
      “Collateral Agent”).

    

    RECITALS:

    

    A. The
      Borrower, the Other Companies, the Banks, the Issuing Bank and the
      Administrative Agent, the Syndication Agent and the Collateral Agent have
      entered into that certain Credit Agreement dated as of May 30, 2002, which
      was
      subsequently amended by the First Amendment to Credit Agreement dated as of
      December 11, 2003, the Second Amendment to Credit Agreement dated as of June
      30,
      2004, the Third Amendment to Credit Agreement dated as of August 30, 2004,
      the
      Fourth Amendment to Credit Agreement dated as of April 15, 2005, the Fifth
      Amendment to Credit Agreement dated as of March 31, 2006 and the Sixth Amendment
      to Credit Agreement dated as of May 17, 2006, (as so amended, the “Credit
      Agreement”).

    

    B. The
      parties hereto now desire to amend the Credit Agreement as provided
      herein.

     

    AGREEMENTS:

    

    In
      consideration of the premises and the mutual agreements herein set forth, the
      parties hereto hereby agree as follows:

     

    ARTICLE
      I.

     

    DEFINITIONS
      AND REFERENCES

     

    §
      1.1. Terms
      Defined in the Credit Agreement.
      Unless
      the context otherwise requires or unless otherwise expressly defined herein,
      the
      terms defined in the Credit Agreement shall have the same meanings whenever
      used
      in this Amendment.

     

    §
      1.2. Other
      Defined Terms.
      Unless
      the context otherwise requires, the following terms when used in this Amendment
      shall have the meanings assigned to them in this Section 1.2.

     

    “Amendment”
means
      as defined in the Introductory Paragraph hereof.

     

    “Amendment
      Documents”
means
      this Amendment and any other document delivered by the Borrower to
      Administrative Agent pursuant to this Amendment.

     

    ARTICLE
      II.

     

    AMENDMENT
      TO CREDIT AGREEMENT

     

    §
      2.1 Dividends
      and Distributions.
      Section
      5.2 (e) (i) of the Credit Agreement is hereby amended in its entirety to read
      as
      follows:

     

    “(i) The
      Parent and each Other Company that is publicly traded may from time to time
      redeem its common stock; provided
      that no
      more than 750,000 shares of the capital stock of such Companies, in the
      aggregate, may be redeemed during the period from August 14, 2006 through the
      Termination Date.”

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    ARTICLE
      III.

     

    MISCELLANEOUS

     

    §
3.1.
       Survival
      of Representations and Warranties.
      All
      representations and warranties made in this Amendment, the Credit Agreement
      or
      any other document or documents relating thereto, including, without limitation,
      any Loan Document furnished in connection with this Amendment, shall survive
      the
      execution and delivery of this Amendment and the other Loan Documents, and
      no
      investigation by Administrative Agent or any closing shall affect the
      representations and warranties or the right of Administrative Agent to rely
      upon
      them.

    

    §
3.2.
       Reference
      to Credit Agreement.
      Each of
      the Loan Documents, including the Credit Agreement and any and all other
      agreements, documents or instruments now or hereafter executed and delivered
      pursuant to the terms hereof or pursuant to the terms of the Credit Agreement,
      as amended hereby, are hereby amended so that any reference in such Loan
      Documents to the Credit Agreement shall mean a reference to the Credit
      Agreement, as amended hereby.

    

    §
3.3.
       Expenses
      of Administrative Agent.
      As
      provided in the Credit Agreement, Borrower agrees to pay on demand all
      reasonable costs and expenses incurred by Administrative Agent in connection
      with the preparation, negotiation and execution of this Amendment and the other
      Loan Documents executed pursuant hereto and any and all amendments,
      modifications, and supplements thereto, including, without limitation, the
      reasonable costs and fees of Administrative Agent’s legal counsel, and all
      reasonable costs and expenses incurred by Administrative Agent in connection
      with the enforcement or preservation of any rights under the Credit Agreement,
      as amended hereby, or any other Loan Document, including, without limitation,
      the reasonable costs and fees of Administrative Agent’s legal counsel.

    

    §
3.4.
       Severability.
      Any
      provision of this Amendment held by a court of competent jurisdiction to be
      invalid or unenforceable shall not impair or invalidate the remainder of this
      Amendment and the effect thereof shall be confined to the provision so held
      to
      be invalid or unenforceable.

    

    §
3.5.
       Applicable
      Law.
      THIS
      AMENDMENT AND ALL OTHER LOAN DOCUMENTS EXECUTED PURSUANT HERETO SHALL BE DEEMED
      TO HAVE BEEN MADE AND TO BE PERFORMABLE IN DALLAS COUNTY, TEXAS, AND SHALL
      BE
      GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
      TEXAS.

    

    §
3.6.
       Successors
      and Assigns.
      This
      Amendment is binding upon and shall inure to the benefit of Administrative
      Agent
      and Borrower and their respective successors and assigns, except Borrower may
      not assign or transfer any of its rights or obligations hereunder without the
      prior written consent of Administrative Agent.

    

    §
3.7.
       Counterparts.
      This
      Amendment may be executed in one or more counterparts, each of which when so
      executed shall be deemed to be an original, but all of which when taken together
      shall constitute one and the same instrument.

    

    §
3.8.
       Effect
      of Waiver.
      No
      consent or waiver, express or implied, by Administrative Agent to or for any
      breach of or deviation from any covenant or condition of the Credit Agreement
      shall be deemed a consent or waiver to or of any other breach of the same or
      any
      other covenant, condition or duty. 

    

    §
3.9.
       Headings.
      The
      headings, captions, and arrangements used in this Amendment are for convenience
      only and shall not affect the interpretation of this Amendment.

    

    §
      3.10. Notice
      Pursuant To Tex. Bus. & Comm. Code Section 26.02

    

    THIS
      AMENDMENT AND ALL OTHER LOAN DOCUMENTS EXECUTED BY ANY OF THE PARTIES BEFORE
      OR
      SUBSTANTIALLY CONTEMPORANEOUSLY WITH THE EXECUTION HEREOF, INCLUDING THE
      GUARANTY, TOGETHER CONSTITUTE A WRITTEN LOAN AGREEMENT WHICH REPRESENTS THE
      FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE
      OF
      PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE
      ARE
      NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

    

    §
      3.11. Guarantors.

    

    Each
      of
      the undersigned parties to a Guaranty Agreement and Security Agreement, hereby
      (i) consents to the provisions of this Amendment and the transactions
      contemplated herein, (ii) ratifies and confirms the Guaranty Agreement and
      Security Agreement made by it for the benefit of Agent and Banks executed
      pursuant to the Credit Agreement and the other Loan Papers, (iii) agrees that
      all of its respective obligations and covenants thereunder shall remain
      unimpaired by the execution and delivery of this Amendment and the other
      documents and instruments executed in connection herewith, and (iv) agrees
      that
      such Guaranty Agreement and such Security Agreement shall remain in full force
      and effect.

     

    

     

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    IN
      WITNESS WHEREOF, this Amendment is executed as of the date first above
      written.

     

     

    FFE
      TRANSPORTATION SERVICES, INC.

     

    By: 
      /s/ Thomas G. Yetter

    T.
      G.
      Yetter

    Vice
      President

     

    COMERICA
      BANK, as a Bank, Issuing Bank and Administrative Agent

     

    By: 
      /s/Donald P. Hellman

    Donald
      P.
      Hellman

    Senior
      Vice President

     

    LA
      SALLE
      BANK, as Bank, Collateral Agent and Syndication Agent

     

    By: 
      /s/ Nick Weaver

    Nick
      Weaver

    First
      President

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    GUARANTORS:

     

    FROZEN
      FOOD EXPRESS INDUSTRIES, INC.

     

    By: 
      /s/Thomas G. Yetter

    T.
      G.
      Yetter

    Senior
      Vice President

    

    

    FFE,
      INC.

     

    By: 
      /s/Leonard W. Bartholomew

    Leonard
      W. Bartholomew

    Corporate
      Secretary

    

    

    

    CONWELL
      CORPORATION

     

    By: 
      /s/Leonard W. Bartholomew

    Leonard
      W. Bartholomew

    Corporate
      Secretary

    

    

    

    FX
      HOLDINGS, INC. 

    (formerly
      named AIRPRO HOLDINGS, INC.)

    

    

    

    By: 
      /s/Leonard W. Bartholomew

    Leonard
      W. Bartholomew

    Corporate
      Secretary

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    LISA
      MOTOR LINES, INC.

     

    By: 
      /s/Leonard W. Bartholomew

    Leonard
      W. Bartholomew

    Corporate
      Secretary

    

     

    FROZEN
      FOOD EXPRESS, INC.

     

    By: 
      /s/Leonard W. Bartholomew

    Leonard
      W. Bartholomew

    Corporate
      Secretary

    

     

    CONWELL
      CARTAGE, INC.

     

    By: 
      /s/Leonard W. Bartholomew

    Leonard
      W. Bartholomew

    Corporate
      Secretary

    

     

    MIDDLETON
      TRANSPORTATION COMPANY

     

    By: 
      /s/Leonard W. Bartholomew

    Leonard
      W. Bartholomew

    Corporate
      Secretary

    

     

    COMPRESSORS
      PLUS, INC.

     

    By: 
      /s/Leonard W. Bartholomew

    Leonard
      W. Bartholomew

    Corporate
      Secretary

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    FFE
      LOGISTICS, INC.

     

    By: 
      /s/Leonard W. Bartholomew

    Leonard
      W. Bartholomew

    Corporate
      Secretary

    

    

    CONWELL,
      LLC

     

    By: 
      /s/Leonard W. Bartholomew

    Leonard
      W. Bartholomew

    Corporate
      Secretary

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]