Document:

SECURITY
      AGREEMENT

     

    THIS
      SECURITY AGREEMENT ("Security
      Agreement")
      is
      entered into as of May 14, 2008, between FPO, INC., a Washington corporation
      doing business as “MEL’S MARKET,” “MEL’S DELIVERY,” “JOELLE’S,” “SOUPS DU JOUR”
AND “SIMON’S” ("Secured
      Party")
      and
      ORGANIC TO GO, INC., a Delaware corporation (“Grantor”).

     

    In
      consideration of the premises and mutual covenants herein contained, the parties
      hereto agree as follows: 

     

    1. Grants
      of Security.
      To
      secure the payment and performance of all the Obligations (as defined below),
      Grantor hereby assigns and pledges to Secured Party, and hereby grants to
      Secured Party a continuing security interest in, and a right of set-off against,
      all of Grantor's right, title and interest in and to all of the assets acquired
      (the "Collateral")
      under
      the Agreement of Purchase and Sale of Assets dated as of May 14, 2008 by and
      among Secured Party, Larry J. Hamlin, Grantor and Organic To Go Food
      Corporation, a Delaware corporation (the “Asset
      Purchase Agreement”).

     

    2. Security
      for Obligations.
      This
      Security Agreement secures the payment of the obligations of Grantor to Secured
      Party under Section 1.2(b) of the Asset Purchase Agreement and all of the
      obligations of Grantor under this Agreement (collectively, the "Obligations").

     

    3. Representations
      and Warranties.
      Grantor
      represents and warrants to Secured Party as follows and shall be deemed to
      continually do so as long as this Security Agreement shall remain in
      effect:

     

    a. Grantor
      owns the Collateral free and clear of any lien, security interest, charge or
      encumbrance, except for the security interests created by this Security
      Agreement.

     

    b. Grantor
      has exclusive possession and control of the Collateral.

     

    4. Further
      Assurances.

     

    a. From
      time
      to time, at the expense of Grantor, it will promptly execute and deliver all
      further instruments and documents (including financing or continuation
      statements, or amendments thereto), and take all further actions that may be
      necessary or desirable, or that Secured Party may request, to perfect and
      protect any security interest granted hereby or to enable Secured Party to
      exercise and enforce its rights and remedies hereunder with respect to any
      Collateral. Grantor also hereby authorizes Secured Party to execute on Grantor’s
      behalf and/or file all financing or continuation statutes and amendments thereto
      that Secured Party determines are necessary or desirable to perfect or protect
      any security interest granted hereby.

     

    b. Grantor
      will furnish to Secured Party from time to time statements and schedules further
      identifying and describing the Collateral and such other reports in connection
      with the Collateral as Secured Party may reasonably request.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      5. Additional
        Covenants. Grantor shall:

       

    

    a. Keep
      the
      Collateral (other than inventory sold in the ordinary course of business) at
      one
      or more of the locations listed on Schedule
      2.8
      to the
      Asset Purchase Agreement.

     

    b. Pay
      promptly when due all property and other taxes, assessments and governmental
      charges or levies imposed upon, and all claims against (including claims for
      labor, materials and supplies), the Collateral, except to the extent the
      validity thereof is being contested in good faith.

     

    6. Insurance.
      Grantor
      shall, at its own expense, maintain insurance with respect to the Collateral
      in
      such amounts, against such risks, in such form and with such insurers, as shall
      be satisfactory to Secured Party from time to time. 

     

    7. Transfers
      and Other Liens.
      Grantor
      shall not:

     

    a. Sell,
      assign (by operation of law or otherwise) or otherwise dispose of any of the
      Collateral, except inventory in the ordinary course of business; or

     

    b. Create
      or
      suffer to exist any lien upon or with respect to any of the Collateral, except
      for the security interest created by this Security Agreement.

     

    8. Secured
      Party May Perform.
      If
      Grantor fails to perform any agreement contained herein, Secured Party may
      itself perform, or cause performance of, such agreement. 

     

    9. Secured
      Party's Duties.
      The
      powers conferred on Secured Party hereunder are solely to protect its interest
      in the Collateral and shall not impose any duty upon it to exercise any such
      powers. Except for the safe custody of any Collateral in its possession and
      the
      accounting for moneys actually received by it hereunder, Secured Party shall
      have no duty as to any Collateral or as to the taking of any necessary steps
      to
      preserve rights against prior parties or any other rights pertaining to any
      Collateral.

     

    10. Events
      of Default.
      The
      occurrence of any of the following events (each an "Event
      of Default")
      shall
      constitute a material default and breach of this Security Agreement by
      Grantor:

     

    a. Any
      failure by Grantor to make any deposit or payment when due under the Asset
      Purchase Agreement, if such default continues for ten (10) days
      after receipt of written notice of default;

     

    b. Grantor
      shall commence a voluntary case or other proceeding under the laws of any
      jurisdiction seeking liquidation, reorganization, or other relief with respect
      to itself or its debts under any bankruptcy, insolvency, or other similar law,
      or seeking the appointment of a trustee, self trusteeship, receiver, custodian,
      or other similar official of it or any substantial part of its property; or
      shall consent to any such relief or to the appointment of, or taking possession
      by, any such official in an involuntary case or other proceeding commenced
      against it; or shall make an assignment for the benefit of creditors; or shall
      generally not pay its debts as they become due or not be able to pay its debts
      as they become due; or admit in writing its inability to pay its debts as they
      become due; or shall take any corporate action to authorize any of the
      foregoing; or

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    c. An
      involuntary case or other proceeding shall be commenced under the laws of any
      jurisdiction against Grantor seeking liquidation, reorganization, or other
      relief with respect to it or its debts under any bankruptcy, insolvency, or
      other similar law now or hereafter in effect, or seeking the appointment of
      a
      trustee, receiver, custodian, or other similar official of it or any substantial
      part of its property, and such involuntary case or other proceeding shall remain
      undismissed and unstayed for a period of thirty days or a trustee, receiver,
      custodian or other official shall be appointed in such involuntary
      case;

     

    11. Remedies.
      If any
      Event of Default shall have occurred and be continuing:

     

    a. Secured
      Party may exercise in respect of the Collateral, in addition to other rights
      and
      remedies provided for herein or otherwise available to it, all the rights and
      remedies of a secured party on default under the Washington Uniform Commercial
      Code (the "Code")
      (whether or not the Code applies to the affected Collateral) and also may (i)
      require Grantor to, and Grantor hereby agrees that it will at its expense and
      upon request of Secured Party immediately, assemble all or part of the
      Collateral as directed by Secured Party and make it available to Secured Party
      at a place to be designated by Secured Party which is reasonably convenient
      to
      the parties, and (ii) without notice except as specified below, sell the
      Collateral or any part thereof in one or more parcels at public or private
      sale,
      for cash, on credit or for future delivery. Grantor agrees that, to the extent
      notice of sale shall be required by law, at least twenty (20) days’ notice to
      Grantor of the time and place of any public sale or the time after which any
      private sale is to be made shall constitute reasonable notification. Secured
      Party shall not be obligated to make any sale of Collateral regardless of notice
      of sale having been given. Secured Party may adjourn any public or private
      sale
      from time to time by announcement at the time and place fixed therefor, and
      such
      sale may, without further notice, be made at the time and place to which it
      was
      so adjourned.

     

    b. All
      cash
      proceeds received by Secured Party in respect of any sale of, collection from,
      or other realization upon all or any part of the Collateral may, in the
      discretion of Secured Party, be held by Secured Party as collateral for, and
      then or at any time thereafter applied (after payment of any amounts payable
      to
      Secured Party pursuant to Section 12) in whole or in part by Secured Party
      against, all or any part of the Obligations in such order as Secured Party
      shall
      elect. Any surplus of such cash or cash proceeds held by Secured Party and
      remaining after payment in full of all the Obligations to Secured Party shall
      be
      paid over to Grantor or to the person lawfully entitled to receive such surplus.
      

     

    c. Secured
      Party may, without notice to or demand upon Grantor, appoint a keeper or
      keepers, who may be officers, directors or employees of Secured Party, who
      shall
      have the power to enter upon all business premises of Grantor existing at the
      time of such default and shall have the power to collect on behalf of Secured
      Party all revenues from the operation of Grantor's businesses including, without
      limitation, all cash receipts, checks and other income in any form whatsoever.
      Such revenues shall be applied in the manner provided by the Code governing
      the
      application of proceeds from the sale of collateral in the event of
      default.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    12. Indemnity
      and Expenses.

     

    a. Grantor
      agrees to indemnify Secured Party from and against any and all claims, losses
      and liabilities growing out of or resulting from this Security Agreement
      (including, without limitation, enforcement of this Security Agreement), except
      claims, losses or liabilities resulting from Secured Party's gross negligence
      or
      willful misconduct.

     

    b. Grantor
      will upon demand pay to Secured Party any and all reasonable expenses, including
      the reasonable fees and disbursements of its counsel and of any experts and
      agents, which Secured Party may incur in connection with (i) the administration
      of this Security Agreement, (ii) the custody, preservation, use or operation
      of,
      or the sale of, collection from, or other realization upon, any of the
      Collateral, (iii) the exercise or enforcement of any of the rights of Secured
      Party hereunder, or (iv) the failure by Grantor to perform or observe any of
      the
      provisions hereof.

     

    13. Amendments.
      No
      amendment or waiver of any provision of this Security Agreement shall in any
      event be effective unless the same shall be in writing and signed by Secured
      Party, and then such waiver or consent shall be effective only in the specific
      instance and for the specific purpose for which given.

     

    14. Addresses
      for Notices.
      Except
      as provided herein, all notices, requests, demands or other communications
      to or
      upon the respective parties hereto shall be deemed to have been given or made
      when deposited in the mail in accordance with the notice provisions contained
      in
      the Asset Purchase Agreement.

     

    15. Continuing
      Security Interest.
      This
      Security Agreement shall create a continuing security interest in the Collateral
      and shall (i) remain in full force and effect until payment in full and
      performance of all the Obligations to Secured Party; provided, however, that
      if
      thereafter Secured Party may pay such sums over to any other person for any
      reason whatsoever including bankruptcy, the security interest shall
      automatically be reinstated, and (ii) be binding upon Grantor, its successors
      and assigns. Upon the payment in full of the Obligations, except as provided
      above, the security interest granted hereby shall terminate and all rights
      to
      the Collateral shall revert to Grantor. Upon any such termination, Secured
      Party
      will, at Grantor's expense, execute and deliver to Grantor such documents as
      Grantor shall reasonably request to evidence such termination.

     

    16. Jurisdiction
      and Venue.
      If a
      dispute arises under this Security Agreement, jurisdiction and venue shall
      rest
      exclusively in the state courts located in Seattle, Washington, or the federal
      courts for the Western District of Washington. The parties to this Security
      Agreement waive any right either may have to a jury trial. Any party to this
      Security Agreement may file a copy of this Security Agreement with the clerk
      or
      judge of any court having jurisdiction as evidence of the parties’ waiver of the
      right to a jury trial. 

     

    17. Terms.
      This
      Security Agreement shall be governed by and construed in accordance with the
      laws of the State of Washington, except to the extent that the validity or
      perfection of the security interest hereunder, or remedies hereunder, in respect
      of any particular Collateral are governed by the laws of a jurisdiction other
      than the State of Washington. Unless otherwise defined herein, terms used in
      Article 9 of the Uniform Commercial Code in the State of Washington are used
      herein as therein defined.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    18. Headings.
      Section
      headings in this Security Agreement are included for the convenience of
      reference only and shall not constitute a part of this Security Agreement for
      any other purpose.

     

    19. Severability
      of Provisions.
      Any
      provision of this Security Agreement which is prohibited or unenforceable in
      any
      jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
      such prohibition or unenforceability without invalidating the remaining
      provisions hereof or affecting the validity or enforceability of such provision
      in any other jurisdiction.

     

     

     

    IN
      WITNESS WHEREOF, the parties hereto have caused this Security Agreement to
      be
      duly executed and delivered by its officer thereunto duly authorized as of
      the
      date first above written.

     

    
      
        	
                FPO,
                  INC.a Washington corporationdoing business as “MEL’S MARKET,” “MEL’S
                  DELIVERY,” “JOELLE’S,” “SOUPS DU JOUR” AND “SIMON’S”

              	 	
                ORGANIC
                  TO GO, INC.

                a
                  Delaware corporation

              
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              
	
                By:

              	
                
                  /s/
                    Larry J. Hamlin

                

              	
                 

              	
                By:

              	
                
                  /s/
                    Jason Brown

                

              
	
                 

              	
                Larry
                  J. Hamlin

              	
                 

              	
                 

              	
                Jason
                  Brown

              
	
                 

              	
                President

              	
                 

              	
                 

              	
                Chief
                  Executive Officer

              
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              
	
                 

              	
                “Secured
                  Party”

              	
                 

              	
                 

              	
                “Grantor

              

      

    

     

    
      
        
        

      

      
        5Third
      Amendment to Credit Agreement

     

    This
      Third
      Amendment to Credit Agreement is dated
      as
      of May 20, 2008 (this “Amendment”),
      among
      AMCOL International Corporation (the “Company”),
      the
      Borrowing Subsidiaries, the guarantors party hereto, the financial institutions
      listed on the signature pages hereof as Lenders, and Harris N.A. (“Harris”),
      as
      administrative agent (in such capacity, the “Administrative
      Agent”).

     

    Preliminary
      Statements

     

    A.The
      Company, the Borrowing Subsidiaries, the guarantors party thereto (the
“Guarantors”),
      the
      financial institutions party thereto as Lenders, and the Administrative Agent
      have heretofore entered into that certain Credit Agreement, dated as of
      November 10, 2005 (as amended, the “Credit
      Agreement”);
      and

     

    B.The
      Company has asked the Lenders and the Administrative Agent to amend the Credit
      Agreement to increase the aggregate Revolving Credit Commitments, extend the
      Revolving Credit Termination Date, amend certain covenants, add new Lenders,
      and
      make certain other modifications to the Credit Agreement and the Lenders and
      the
      Administrative Agent are willing to do so on the terms and conditions set forth
      in this Amendment.

     

    Now,
      Therefore,
      in
      consideration of the premises set forth above, the terms and conditions
      contained herein and other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the parties hereto agree as
      follows:

     

    Article
      I

    Definitions

     

    Section 1.1.Use
      of Defined Terms.
      Unless
      otherwise defined or the context otherwise requires, terms for which meanings
      are provided in the Credit Agreement shall have such meanings when used in
      this
      Amendment.

     

    Article
      II

    Amendments

     

    Section 2.1.Section 1.1
      of the Credit Agreement is hereby amended in its entirety and as so amended
      shall read as follows:

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Section 1.1. Revolving
      Credit Commitments.
      Subject
      to the terms and conditions hereof, each Lender, by its acceptance hereof,
      severally agrees to make a loan or loans (individually a “Revolving
      Loan”
      and
      collectively the “Revolving
      Loans”)
      in U.S.
      Dollars, Euros and Pound Sterling to the Company, in Euros and Pound Sterling
      to
      AMCOL Minerals Europe, in Pound Sterling or Euros to CETCO Europe, in Euros
      to
      the Polish Borrower, in Australian Dollars to the Australian Borrower, from
      time
      to time on a revolving basis in an aggregate outstanding Original Dollar Amount
      up to the amount of such Lender’s Revolving Credit Commitment, subject to any
      reductions thereof pursuant to the terms hereof, before the Revolving Credit
      Termination Date; provided
      that
      (i) the sum of the aggregate Original Dollar Amount of Revolving Loans,
      Swing Loans, and L/C Obligations at any time outstanding shall not exceed the
      Revolving Credit Commitments in effect at such time, (ii) the sum of the
      aggregate Original Dollar Amount of all Loans outstanding to the Company
      denominated in Euros and Pound Sterling shall not exceed $50,000,000, (iii)
      the
      sum of the aggregate principal amount of all Loans denominated in Euro
      outstanding to AMCOL Minerals Europe shall not exceed €15,000,000 and the sum of
      the aggregate principal amount of all Loans denominated in Pound Sterling to
      AMCOL Minerals Europe shall not exceed £7,500,000, (iv) the sum of the aggregate
      principal amount of all Loans denominated in Euro outstanding to CETCO Europe
      shall not exceed €5,000,000 and the sum of the aggregate principal amount of all
      Loans denominated in Pound Sterling to CETCO Europe shall not exceed £7,500,000,
      (v) the sum of the aggregate principal amount of all Loans outstanding to the
      Polish Borrower shall not exceed €5,000,000 and (vi) the sum of the aggregate
      principal amount of all Loans outstanding to the Australian Borrower shall
      not
      exceed AUD5,000,000. Each Borrowing of Revolving Loans shall be made ratably
      by
      the Lenders in proportion to their respective Percentages. As provided in
      Section 1.5(a) hereof, the Company may elect that each Borrowing of
      Revolving Loans denominated in U.S. Dollars be either Base Rate Loans or
      Eurocurrency Loans. All Revolving Loans denominated in an Alternative Currency
      shall be Eurocurrency Loans. Revolving Loans may be repaid and the principal
      amount thereof reborrowed before the Revolving Credit Termination Date, subject
      to the terms and conditions hereof.

     

    Section 2.2.Section
      1.6 of the Credit Agreement is hereby amended by deleting the phrase
“a
      Eurocurrency Loan, 1, 2, 3 or 6 months thereafter”
in
      such
      section and inserting in its place the phrase “a
      Eurocurrency Loan, 1, 2, 3 or 6 or, if such option is available to all the
      Lenders, 9 or 12 months thereafter”.

     

    Section 2.3.Section 1.15
      of the Credit Agreement is hereby amended by deleting clause (i) appearing
      in the first sentence thereof and inserting in its place the
      following:

     

    (i) any
      increase of the aggregate amount of the Revolving Credit Commitments to an
      amount in excess of $275,000,000 will require the approval of the Required
      Lenders, and

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    Section 2.4.Section
      2.1 of the Credit Agreement is hereby amended by inserting new subsection (d)
      immediately following subsection (c) as follows:

     

    (d) Utilization
      Fee.
      The
      Borrower shall pay to the Administrative Agent for the account of each Lender
      in
      accordance with its Percentage, a utilization fee of 0.25% per annum (calculated
      on the basis of a year of 360 days and the actual number of days elapsed)
times
      the
      Original Dollar Amount of all Revolving Loans, Swing Loans and L/C Obligations
      outstanding on each day that the Original Dollar Amount of all Revolving Loans,
      Swing Loans and L/C Obligations outstanding exceed 50% of the actual daily
      amount of the aggregate Commitments then in effect (or, if terminated, in effect
      immediately prior to such termination). The utilization fee shall be due and
      payable quarterly in arrears on the last Business Day of each March, June,
      September and December, commencing June 30, 2008, and on the Revolving Credit
      Termination Date (and, if applicable, thereafter on demand). The utilization
      fee
      shall be calculated quarterly in arrears. The utilization fee shall accrue
      at
      all times, including at any time during which one or more of the conditions
      in
      Section 7.1 is not met.

     

    Section 2.5.The
      defined term “Applicable
      Margin”
      contained in Section 5.1 of the Credit Agreement is hereby amended by deleting
      the schedule appearing therein and inserting in its place the
      following:

     

    
      	
              Level

            	
              Total
                Senior Funded

              Debt/EBITDA
                Ratio

              for
                such Pricing Date

            	
              Applicable
                Margin for

              Base
                Rate Loans and

              Reimbursement

              Obligations
                shall be:

            	
              Applicable
                Margin

              for
                Eurocurrency Loans

              and
                Letter of Credit

              Fee
                shall be:

            	
              Applicable
                Margin

              for
                Commitment Fee

              shall
                be:

            
	 	 	 	 	 
	
              V

            	
              Greater
                than or equal to 2.50 to 1.0

            	
              0.50%

            	
              2.00%

            	
              0.375%

            
	 	 	 	 	 
	
              IV

            	
              Less
                than 2.50 to 1.0, but greater than or equal to 2.00 to 1.0

            	
              0.25%

            	
              1.75%

            	
              0.30%

            
	 	 	 	 	 
	
              III

            	
              Less
                than 2.0 to 1.0, but greater than or equal to 1.5 to 1.0

            	
              0%

            	
              1.50%

            	
              0.25%

            
	 	 	 	 	 
	
              II

            	
              Less
                than 1.5 to 1.0, but greater than or equal to 1.0 to 1.0

            	
              0%

            	
              1.25%

            	
              0.20%

            
	 	 	 	 	 
	
              I

            	
              Less
                than 1.0 to 1.0

            	
              0%

            	
              1.00%

            	
              0.15%

            

    

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

    Section 2.6. Section
      5.1 of the Credit Agreement is hereby amended by inserting in proper
      alphabetical order the following new defined terms:

     

    “Domestic
      Subsidiary”
      means
      each Subsidiary that is not a Foreign Subsidiary.

     

    “BANA
      Letter of Credit”
means
      the irrevocable letter of credit No. 7403807 issued by Bank of America, N.A.
      in
      the stated amount of $4,855,232.88, which shall be a Letter of Credit for all
      purposes of this Agreement.

     

    Section 2.7.The
      defined term “L/C
      Sublimit”
      contained in Section 5.1 of the Credit Agreement is hereby amended in its
      entirety and as so amended shall read as follows:

     

    “L/C
      Sublimit”
      means
      $30,000,000, as reduced pursuant to the terms hereof; provided that
      not more
      than $5,000,000 shall be available for the BANA Letter of Credit.

     

    Section 2.8.The
      defined term “Revolving
      Credit Termination Date”
      contained in Section 5.1 of the Credit Agreement is hereby amended in its
      entirety and as so amended shall read as follows:

     

    “Revolving
      Credit Termination Date”
      means
      April 1, 2013, or such earlier date on which the Revolving Credit
      Commitments are terminated in whole pursuant to Section 1.12, 9.2 or 9.3
      hereof.

     

    Section 2.9.Section 8.9(f)
      of the Credit Agreement is hereby amended in its entirety and as so amended
      shall read as follows:

     

    (f) (i)
      the
      Company’s and its Domestic Subsidiaries investments from time to time in its
      Domestic Subsidiaries, the Borrowers and the Guarantors and (ii) investments
      made from time to time by the Company or any Subsidiary in one or more of its
      Foreign Subsidiaries (excluding open intercompany trade accounts arising in
      the
      ordinary course of business which are not more than 30 days past due) that
      are not Borrowers or Guarantors at any one time outstanding in an amount that
      does not exceed in the aggregate 25% of the total amount of all assets of the
      Company and its Subsidiaries as shown on the Company’s most recent financial
      statements delivered pursuant to Section 8.5 hereof;

     

    Section 2.10.Section
      8.9(h) of the Credit Agreement relating to Acquisitions is hereby amended by
      (i)
      deleting the amount “$20,000,000”
      appearing in such section and inserting in its place the amount “$30,000,000”
and
      (ii) re-lettering subsection (h) as subsection (g).

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

    Section 2.11.Section 8.9(i)
      of the Credit Agreement is hereby amended in its entirety and as so amended
      shall be re-lettered as subsection (h) and shall read as follows:

     

    (h) other
      investments, loans, and advances by the Company and its Subsidiaries, in
      addition to those otherwise permitted by this Section at any one time
      outstanding in an amount not to exceed in the aggregate 10% of the total amount
      of all assets of the Company and its Subsidiaries as shown on the Company’s most
      recent financial statements delivered pursuant to Section 8.5
      hereof.

     

    Section
      2.12.The
      term
“Lenders”
      as
      defined in Section 5.1 of the Credit Agreement shall mean and include the
      Lenders currently party to the Credit Agreement and, from and after the
      Effective Time, RBS Citizens, N.A. and HSBC Bank USA, N.A. (each, a
“New Lender”),
      with
      Commitments as set forth on Schedule 1 hereto. Each New Lender agrees to be
      bound by the terms and conditions set forth in the Credit Agreement as if it
      were an original signatory thereto. From and after the Effective Time each
      New
      Lender shall have all the rights of a Lender under the Credit Agreement as
      if it
      were an original signatory thereto, including all rights with respect to the
      applicable fees accrued on and after the Effective Time.

     

    Section 2.13.The
      Company has requested that from and after the Effective Time the aggregate
      Revolving Credit Commitments of the Lenders be increased by $75,000,000, with
      such increase being allocated to certain of the Lenders (including the New
      Lenders). Accordingly, the Revolving Credit Commitments of the Lenders set
      forth
      on Schedule 1 to the Credit Agreement are hereby amended in their entirety
      and as so amended shall be as set forth on Schedule 1 to this Amendment. If
      any Revolving Loans are outstanding under the Credit Agreement as of the
      Effective Time, the Company irrevocably authorizes and directs the Lenders
      (including the New Lenders) to make (nonratably if necessary, but otherwise
      subject to the terms and conditions of the Credit Agreement as amended hereby)
      Revolving Loans in an amount sufficient to (and the Company hereby irrevocably
      authorizes and directs the Lenders to apply such Revolving Loan to), pay and
      discharge the Revolving Loans of the Lenders (nonratably if necessary) such
      that
      the percentage of each Lender’s Revolving Credit Commitment in use immediately
      after giving effect to such application is equal. Such purchases and sales
      shall
      be arranged through the Administrative Agent and each Lender (including the
      New
      Lenders) hereby agrees to execute such further instruments and documents, if
      any, as the Administrative Agent may reasonably request in connection
      therewith.

     

    Section 2.14.The
      Company hereby designates, and the Administrative Agent hereby approves, Bank
      of
      America, N.A. as an L/C Issuer solely for purposes of issuing the BANA Letter
      of
      Credit.

     

    Article
      III

    Representations
      And Warranties

     

    Section 3.1.Credit
      Agreement Representations. In
      order
      to induce the Lenders (including the New Lenders) and the Administrative Agent
      to enter into this Amendment, each Borrower hereby reaffirms, as of the date
      hereof, its representations and warranties contained in Section 6 of the
      Credit Agreement and additionally represents and warrants to the Administrative
      Agent and each Lender (including the New Lenders) as set forth in this Article
      III.

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

     

    Section 3.2.Due
      Authorization, Non-Contravention, etc.
      The
      execution, delivery and performance by each Borrower and each Guarantor of
      this
      Amendment are within such Borrower’s and such Guarantor’s powers, have been duly
      authorized by all necessary corporate action, and do not:

    (a) contravene
      any Borrower’s or any Guarantor’s constituent documents;

    (b) contravene
      any contractual restriction, law or governmental regulation or court decree
      or
      order binding on or affecting any Borrower or any Guarantor; or

    (c) result
      in, or require the creation or imposition of, any Lien on any of the properties
      of a Borrower or a Guarantor.

     

    Section 3.3.Government
      Approval, Regulation, etc.
      No
      authorization or approval or other action by, and no notice to or filing with,
      any governmental authority or regulatory body or other Person is required for
      the due execution, delivery or performance by any Borrower or any Guarantor
      of
      this Amendment.

     

    Section 3.4.Validity,
      etc.
      This
      Amendment constitutes the legal, valid and binding obligation of each Borrower
      and each Guarantor enforceable in accordance with its terms.

     

    Article
      IV

    Conditions
      Precedent

     

    Section 4.1.Effectiveness.
      This
      Amendment shall become effective as of the opening of business on May 20,
      2008 (the “Effective
      Time”)
      subject
      to the satisfaction of all of the following conditions precedent on or before
      such date:

    (a) The
      Borrowers, the Guarantors, the Administrative Agent, and the Lenders (including
      the New Lenders) shall have executed and delivered this Amendment.

    (b) The
      Administrative Agent shall have received certified copies of resolutions of
      the
      executive committee of the boards of directors (or equivalent governing body)
      of
      the Company authorizing the execution, delivery and performance of this
      Amendment and the Credit Agreement as amended by this Amendment and indicating
      the authorized signers of this Amendment and the specimen signatures of such
      signers.

    (c) The
      Administrative Agent shall have received for each Lender copies of resolutions
      of each Guarantor’s Board of Directors (or similar governing body) authorizing
      the execution, delivery and performance of this Amendment and the Credit
      Agreement as amended by this Amendment and the consummation of the transactions
      contemplated hereby and thereby, together with specimen signatures of the
      persons authorized to execute such documents on each Guarantor’s behalf, all
      certified in each instance by its Secretary or Assistant Secretary;

    (d) The
      Administrative Agent shall have received for each New Lender such Lender’s duly
      executed Notes of each Borrower dated the date hereof and otherwise in
      compliance with the provisions of Section 1.11 of the Credit
      Agreement;

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

    

    (e) The
      Administrative Agent shall have received an opinion of counsel to the Company
      in
      form acceptable to the Administrative Agent and covering such matters relating
      to the transactions contemplated hereby as the Administrative Agent may request;
      

    (f) The
      Administrative Agent shall have received for itself and the Lenders (including
      to New Lenders) the fees as agreed to between the Administrative Agent and
      the
      Company; and 

    (g) Legal
      matters incident to the execution and delivery of this Amendment shall be
      satisfactory to the Administrative Agent and its counsel.

     

    Article
      V

    Miscellaneous
      Provisions

     

    Section 5.1.Ratification
      of and References to the Credit Agreement.
      Except
      for the amendments expressly set forth above, the Credit Agreement and each
      other Loan Document is hereby ratified, approved and confirmed in each and
      every
      respect. Reference to this specific Amendment need not be made in the Credit
      Agreement, the Notes, or any other instrument or document executed in connection
      therewith, or in any certificate, letter or communication issued or made
      pursuant to or with respect to the Credit Agreement, any reference in any of
      such items to the Credit Agreement being sufficient to refer to the Credit
      Agreement as amended hereby.

     

    Section 5.2.Headings.
      The
      various headings of this Amendment are for convenience of reference only, are
      not part of this Amendment and shall not affect the construction of, or be
      taken
      into consideration in interpreting, this Amendment.

     

    Section 5.3.Execution
      in Counterparts.
      This
      Amendment may be executed in counterparts (and by different parties hereto
      on
      different counterparts), each of which shall constitute an original, but all
      of
      which when taken together shall constitute a single agreement. 

     

    Section 5.4.No
      Other Amendments.
      Except
      for the amendments expressly set forth above, the text of the Credit Agreement
      and the other Loan Documents shall remain unchanged and in full force and
      effect, and the Lenders and the Administrative Agent expressly reserve the
      right
      to require strict compliance with the terms of the Credit Agreement and the
      other Loan Documents.

     

    Section 5.5.Costs
      and Expenses. The
      Company agrees to pay on demand all costs and expenses of or incurred by the
      Administrative Agent in connection with the negotiation, preparation, execution
      and delivery of this Amendment, including the fees and expenses of counsel
      for
      the Administrative Agent.

     

    Section 5.6.Governing
      Law.
      This
      Amendment shall be construed in accordance with and governed by the law of
      the
      State of Illinois.
      

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

    In
      Witness Whereof,
      the
      parties hereto have caused this Amendment to be duly executed and delivered
      by
      their respective duly authorized officers as of the day and year first above
      written.

    

      
        	 	
                “Borrowers”

              
	 	 
	 	
                AMCOL
                  International Corporation

              
	 	 
	 	
                By

              	
                /s/
                  Donald W. Pearson 

              	 
	 	 	
                Name:

              	
                Donald
                  W. Pearson

              
	 	 	
                Title:

              	
                VP
                  and CFO

              
	 	 
	 	
                CETCO
                  Europe Ltd.

              
	 	 
	 	
                By

              	
                /s/
                  Gary L. Castagna 

              	 
	 	 	
                Name:

              	
                Gary
                  L. Castagna

              
	 	 	
                Title:

              	
                Director

              
	 	 
	 	
                AMCOL
                  Minerals Europe, Ltd.
                  (f/k/a

              
	 	
                Colin
                  Stewart Minchem Limited)

              
	 	 
	 	
                By

              	
                /s/
                  Gary L. Castagna 

              	 
	 	 	
                Name:

              	
                Gary
                  L. Castagna

              
	 	 	
                Title:

              	
                Director

              
	 	 
	 	
                CETCO
                  Poland SP. Z.O. O

              
	 	 
	 	
                .By
                  

              	
                /s/
                  Gary L. Castagna 

              	 
	 	 	
                Name:

              	
                Gary
                  L. Castagna

              
	 	 	
                Title:

              	
                Director

              
	 	 
	 	
                Volclay
                  Pty. Ltd.

              
	 	 
	 	
                By
                  

              	
                /s/
                  Gary L. Castagna 

              	 
	 	 	
                Name:

              	
                Gary
                  L. Castagna

              
	 	 	
                Title:

              	
                Director

              

      

      
        
          
          

        

        
          S-1

          
            

          

        

        
          
          

        

      

      

        
          	 	
                  “Guarantors”

                
	 	 	 	 	 
	 	
                  AMCOL
                    International Corporation

                
	 	 	 	 	 
	 	
                  By

                	
                  /s/
                    Donald W. Pearson 

                	 
	 	 	
                  Name:

                	
                  Donald
                    W. Pearson

                
	 	 	
                  Title:

                	
                  VP
                    and CFO

                
	 	 	 	 	 
	 	
                  Ameri-Co
                    Logistics, Inc.

                
	 	 	 	 	 
	 	
                  By

                	
                  /s/
                    Gary L. Castagna 

                	 
	 	 	
                  Name:

                	
                  Gary
                    L. Castagna

                
	 	 	
                  Title:

                	
                  Treasurer

                
	 	 	 	 	 
	 	
                  American
                    Colloid Company

                
	 	 	 	 	 
	 	
                  By

                	
                  /s/
                    Gary L. Castagna 

                	 
	 	 	
                  Name:

                	
                  Gary
                    L. Castagna

                
	 	 	
                  Title:

                	
                  Treasurer

                
	 	 	 	 	 
	 	
                  Colloid
                    Environmental Technologies Company

                
	 	 	 	 	 
	 	
                  By

                	
                  /s/
                    Gary L. Castagna 

                	 
	 	 	
                  Name:

                	
                  Gary
                    L. Castagna

                
	 	 	
                  Title:

                	
                  Treasurer

                
	 	 	 	 	 
	 	
                  AMCOL
                    Specialties Holdings, Inc.

                
	 	 	 	 	 
	 	
                  By

                	
                  /s/
                    Gary L. Castagna 

                	 
	 	 	
                  Name:

                	
                  Gary
                    L. Castagna

                
	 	 	
                  Title:

                	
                  Treasurer

                
	 	 	 	 	 
	 	
                  CETCO
                    Oilfield Services Company

                
	 	 	 	 	 
	 	
                  By

                	
                  /s/
                    Gary L. Castagna 

                	 
	 	 	
                  Name:

                	
                  Gary
                    L. Castagna

                
	 	 	
                  Title:

                	
                  Treasurer

                

        

      

       

      
        
          
          

        

        
          S-2

          
            

          

        

        
          
          

        

      

       

      
        	 	
                “Lenders”

              
	 	 
	 	
                Harris
                  N.A.,
                  in
                  its individual capacity as a Lender, as L/C Issuer, and as
                  Administrative Agent

              
	 	 
	 	
                By
                  

              	
                
                  /s/
                    Thad D. Rasche 

                

              	 
	 	 	
                Name:

              	
                Thad
                  D. Rasche

              
	 	 	
                Title:

              	
                Director

              

      

       

      
        
          
          

        

        
          S-3

          
            

          

        

        
          
          

        

      

       

      
        	 	
                Wells
                  Fargo Bank, N.A., individually
                  as a Lender and as Syndication Agent

              
	 	 
	 	
                By
                  

              	
                /s/
                  Corinne
                  Potter 

              	 
	 	 	
                Name:

              	
                Corinne
                  Potter

              
	 	 	
                Title:

              	
                Vice
                  President

              

      

      
        
          
          

        

        
          S-4

          
            

          

        

        
          
          

        

      

       

      
        	 	
                Bank
                  of America, N.A., individually
                  as a Lender and as Documentation Agent

              
	 	 
	 	
                By
                  

              	
                /s/
                  Daniel R. Petrik 

              	 
	 	 	
                Name:

              	
                Daniel
                  R. Petrik

              
	 	 	
                Title:

              	
                Senior
                  Vice President

              

      

      
        
          
          

        

        
          S-5

          
            

          

        

        
          
          

        

      

      

      
        	 	
                The
                  Northern Trust Company

              
	 	 	 	 
	 	
                By
                  

              	
                /s/
                  Brandon Rolek 

              	 
	 	 	
                Name:

              	
                Brandon
                  Rolek

              
	 	 	
                Title:

              	
                Vice
                  President

              

      

      
        
          
          

        

        
          S-6

          
            

          

        

        
          
          

        

      

       

      
        	 	
                RBS
                  Citizens, N.A.

              
	 	 
	 	
                By
                  

              	
                /s/
                  David Beatty 

              	 
	 	 	
                Name:

              	
                David
                  Beatty

              
	 	 	
                Title:

              	
                Vice
                  President

              

      

      
        
          
          

        

        
          S-7

          
            

          

        

        
          
          

        

      

       

      
        	 	
                HSBC
                  Bank USA, N.A.

              
	 	 
	 	
                By
                  

              	
                /s/
                  Andrew Bicker 

              	 
	 	 	
                Name:

              	
                Andrew
                  Bicker

              
	 	 	
                Title:

              	
                Vice
                  President

              

      

    

    
      
        
        

      

      
        S-8

        
          

        

      

      
        
        

      

    

     

    Schedule
      1

    

    Commitments

    

    
      	
              Name
                of Lender

            	 	
              Revolving
                Credit Commitment

            	 	
              Swing
                Line Sublimit

            	 
	
              Harris
                N.A.

            	 	
              $

            	
              55,000,000

            	 	
              $

            	
              10,000,000

            	 
	
              Wells
                Fargo Bank N.A.

            	 	
              $

            	
              52,500,000

            	 	 	 	 
	
              Bank
                of America, N.A.

            	 	
              $

            	
              52,500,000

            	 	 	 	 
	
              The
                Northern Trust Company

            	 	
              $

            	
              30,000.000

            	 	 	 	 
	
              RBS
                Citizens, N.A.

            	 	
              $

            	
              25,000,000

            	 	 	 	 
	
              HSBC
                Bank USA, N.A.

            	 	
              $

            	
              10,000,000

            	 	 	 	 
	
              Total

            	 	
              $

            	
              225,000,000

            	 	
              $

            	
              10,000,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]