Document:

exv10w28

 

EXECUTIVE EMPLOYMENT AGREEMENT

     THIS EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is made as of June
17, 2002, between Cysive, Inc., a Delaware corporation (the “Company”), and
Woodrow Angle (“Executive”).

     The parties hereto agree as follows:

     1.     Employment. The Company agrees to employ Executive and Executive
accepts such employment for the period beginning as of the date hereof and
ending upon Executive’s separation pursuant to Section 1(c) hereof (the
“Employment Period”).

            (a)  Position and Duties. During the Employment Period, Executive shall
serve as Vice President of Strategic Alliances of the Company and shall have
the normal duties, responsibilities and authority of the Vice President of
Strategic Alliances, subject to the power of the Chief Executive Officer, Vice
President of Sales and Marketing or the Company’s board of directors (the
“Board”) to expand or limit such duties, responsibilities and authority and to
override actions of the Vice President of Strategic Alliances. Executive shall
report to the Vice President of Sales and Marketing, or such other person
designated by the Chief Executive Officer, and Executive shall devote his best
efforts and of his full business time and attention to the business and affairs
of the Company and its Subsidiaries.

            (b)  Salary, Bonus and Benefits. The Company will pay Executive a base
salary to be determined by the Chief Executive Officer, subject to any annual
increase during the Employment Period as determined by the Chief Executive
Officer based upon the Company’s achievements of budgetary and other objectives
set by the Board (the “Annual Base Salary”). Executive shall also be eligible
to receive a bonus (the “Bonus”) determined in accordance with the Company’s
compensation plan, as established from time to time by the compensation
committee of the Board. Executive’s Annual Base Salary and Bonus for any
partial year will be prorated based upon the number of days elapsed in such
year. In addition, during the Employment Period, Executive will be entitled to
such other benefits approved by the Chief Executive Officer and made available
to the Company’s senior executives, which may include but are not limited to,
vacation time, tuition reimbursement, reimbursement of business expenses, car
allowance and healthcare benefits.

            (c)  Separation. Executive’s employment by the Company during the
Employment Period will continue until Executive’s resignation at any time or
until Executive’s disability or death or until the Chief Executive Officer
terminates Executive’s Employment at any time during the Employment Period (the
“Separation”). If the Employment Period is terminated by the Executive without
Good Reason, then the termination will be effective thirty (30) days after the
date of delivery of written notice of termination. If the Employment Period is
terminated by the Board or the Chief Executive Officer without Cause or by the
Executive with Good Reason, then the termination will be effective fifteen (15)
days after the date of delivery of written notice of termination. If the
Employment Period is terminated by the Board or the Chief Executive Officer
with Cause, termination will be effective fifteen (15) days after the date of
delivery of written notice of termination. If the Employment Period is
terminated by the Board or the Chief Executive Officer with Cause or by the
Executive without Good Reason, then the

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Executive shall be entitled to receive
his Annual Base Salary and all fringe benefits only through the effective date
of termination. If the Employment Period is terminated by the Board or the
Chief Executive Officer without Cause or by the Executive with Good Reason,
then, provided the Executive executes a general release of all claims against
the Company in the form reasonably acceptable to the Company, the Executive
shall be entitled to receive his Annual Base Salary for three months from the
effective date of termination (such payments are referred hereinafter as the
“Severance Payment”) payable over time in accordance with the Company’s normal
payroll practices. In addition, and provided that the Executive timely elects
COBRA coverage, the Company will reimburse the Executive for the COBRA medical
and dental insurance premiums paid by the Executive for the earlier of three
(3) months from the effective date of termination or the date the Executive
becomes eligible for coverage under another medical and/or dental plan. All
other fringe benefits will terminate as of the effective date of termination.
If the Employment Period is terminated due to death, then the Annual Base
Salary will be continued through the next full calendar month following the
month in which the Executive died. All fringe benefits will terminate as of
the date of death. If the Employment Period is terminated due to Disability (as
defined herein), then the Annual Base Salary, medical insurance and disability
insurance will be continued until the last day of the six-month period
following the date the Disability began; provided, however, that such Annual
Base Salary shall be reduced by the amount of any disability income payments
made to the Executive during such six-month period from any insurance or other
policies provided through the Company. In the event Executive is owed amounts
under this Section 1(c), such amounts may be withheld by the Company upon a
breach or threatened breach of the terms and conditions of Section 3 below.

     2.     Confidential Information

             (a)  Executive acknowledges that the Company is engaged in the business of
software engineering and it builds and implements complex and highly customized
systems supporting large scale electronic commerce businesses (the “Business”).
Executive further acknowledges that the Business and its continued success
depend upon the use and protection of a large body of confidential and
proprietary information, and that he holds a position of trust and confidence
by virtue of which he necessarily possesses, has access to and, as a
consequence of his signing this Agreement, will continue to possess and have
access to, highly valuable, confidential and proprietary information of the
Company not known to the public in general, and that it would be improper for
him to make use of this information for the benefit of himself and others. All
of such confidential and proprietary information now existing or to be
developed in the future will be referred to in this Agreement as “Confidential
Information.” This includes, without limitation, information relating to the
nature and operation of the Business or any other business conducted by the
Company, the persons, firms and corporations which are customers or active
prospects of the Company during Executive’s employment by the Company, the
Business’ development transition and transformation plans, methodology and
methods of doing business, strategic, acquisition, marketing and expansion
plans, including plans regarding planned and potential acquisitions and sales,
financial and business plans, employee lists, numbers and location of sales
representatives, new and existing programs and services (and those under
development), prices and terms, customer service, integration processes
requirements, costs of providing service, support and equipment and equipment
maintenance costs. Confidential Information shall not include any information
that has become generally known to, and available for use by, the public other
than as a result of Executive’s acts or omissions in contravention of

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the terms and provisions of this Agreement.

             (b)  Disclosure of any Confidential Information of the Company shall not be
prohibited if such disclosure is directly pursuant to a valid and existing
order of a court or other governmental body or agency within the United States;
provided, however, that (i) Executive shall first have given prompt notice to
the Company of any such possible or prospective order (or proceeding pursuant
to which any such order may result) and (ii) Executive shall afford the Company
a reasonable opportunity to prevent or limit any such disclosure.

             (c)  During the Employment Period and for a period of three (3) years
thereafter, Executive will preserve and protect as confidential all of the
Confidential Information known to Executive or at any time in Executive’s
possession. In addition, during the Employment Period and at all times
thereafter, Executive will not disclose to any unauthorized person or use for
his own account any of such Confidential Information without the Board’s or the
Chief Executive Officer’s written consent. Executive agrees to deliver to the
Company at a Separation, or at any other time the Company may request in
writing, all memoranda, notes, plans, records, reports and other documents (and
copies thereof) containing or otherwise relating to any of the Confidential
Information (including, without limitation, all acquisition prospects, lists
and contact information) which he may then possess or have under his control.
Executive acknowledges that all such memoranda, notes, plans, records, reports
and other documents are, and at all times shall be and shall remain, the
property of the Company.

             (d)  Executive will fully comply with any agreement reasonably required by
any of the Company’s customers, both actual and potential, business partners,
suppliers or contractors with respect to the protection of the confidential and
proprietary information of such persons or entities.

     3.     Noncompetition and Nonsolicitation. Executive acknowledges that in the
course of his employment with the Company, he will become familiar with the
Confidential Information concerning the Company and the Business, including
without limitation customer lists and contacts, and that his services will be
of special, unique and extraordinary value to the Company. Executive agrees
that the Company has a protectable interest in the Confidential Information
acquired by Executive during the course of his employment with the Company.
Therefore, Executive agrees to the following:

             (a)  Noncompetition. So long as Executive is employed or affiliated with
the Company and for an additional one (1) year thereafter, he shall not, anywhere within
ten (10) miles of any of the Company’s offices in Reston, Virginia, directly or
indirectly own, manage, control, participate in, consult with, render services
for, or in any manner engage in, any business actually competing with the
Business of the Company, in whole or in part, at the time of termination.

             (b)  Nonsolicitation. So long as Executive is employed or affiliated with
the Company and for an additional one (1) year thereafter, the Executive shall
not directly or indirectly through another entity (i) induce or attempt to
induce any employee of the Company to leave the employ of the Company, or in
any way interfere with the relationship between the Company and any employee
thereof, (ii) hire any person who was an employee of the Company

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within one year prior to the time such employee was hired by the Executive, (iii) induce
or attempt to induce any owner of a customer, supplier, licensee or other
business relation of the Company to cease doing business with the Company or in
any way interfere with the relationship between any such customer, supplier,
licensee or business relation and the Company, or (iv) directly or indirectly
acquire or attempt to acquire an interest in any business relating to the
Business of the Company and with which, to Executive’s knowledge, the Company
has entertained discussions or has requested and received information relating
to the acquisition of such Business by the Company in the one-year period
immediately preceding a Separation.

             (c)  Enforcement. If, at the time of enforcement of Section 2 or Section 3
of this Agreement, a court holds that the restrictions stated herein are
unreasonable under the circumstances then existing, the parties hereto agree
that the maximum duration, scope or geographical area reasonable under such
circumstances shall be substituted for the stated period, scope or geographical
area and that the court shall be allowed to revise the restrictions contained
herein to cover the maximum duration, scope and geographical area permitted by
law. Because Executive’s services are unique and because Executive has access
to Confidential Information, the parties hereto agree that money damages would
be an inadequate remedy for any breach of this Agreement. Therefore, in the
event of a breach or threatened breach of Section 2 or Section 3 of this
Agreement, the Company or any of its successors or assigns shall, in addition
to other rights and remedies existing in its favor, be entitled to specific
performance and/or injunctive or other relief in order to enforce, or prevent
any violations of, the provisions of Section 2 or Section 3 from any court of
competent jurisdiction.

             (d)  Additional Acknowledgments. Executive acknowledges that the
provisions of this Section are in consideration of: (i) employment with the
Company and (ii) additional good and valuable consideration as set forth in
this Agreement. Executive expressly agrees and acknowledges that the
restrictions contained in Section 2 and Section 3 do not preclude Executive
from earning a livelihood, nor does it unreasonably impose limitations on
Executive’s ability to earn a living. In addition, Executive agrees and
acknowledges that the potential harm to the Company of its non-enforcement
outweighs any harm to the Executive of its enforcement by injunction or
otherwise. Executive acknowledges that he has carefully read this Agreement
and has given careful consideration to the restraints imposed upon the
Executive by this Agreement, and is in full accord as to their necessity for
the reasonable and proper protection of the Confidential Information.
Executive expressly acknowledges and agrees that each and every restraint
imposed by this Agreement is reasonable with respect to subject matter, time
period and geographical area.

             (e)  Executive’s Representations and Warranties. Executive represents
and warrants that he has full right and authority to enter into this
Agreement and fully perform his obligations hereunder, that he is not
subject to any non-competition agreement that would prevent or restrict him
in any way from rendering the services hereunder anywhere in the world, and
that his past, present and anticipated future activities have not, and will
not, infringe on the proprietary rights of others. Executive further
represents and warrants that he is not obligated under any contract
(including licenses, covenants or commitments of any nature) or other
agreement, or subject to any judgment, decree or order of any court or
administrative agency which would conflict with his obligation to use his
best efforts to promote the interests of the Company or which would conflict
with the Company’s business as conducted or proposed to be

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conducted. Neither the execution nor delivery of this Agreement, nor the carrying on of
the Company’s business as an officer, director or employee by Executive,
will conflict with or result in a breach of the terms, conditions or
provisions of, or constitute a default under, any contract, covenant or
instrument under which Executive is now obligated.

             (f)  Notwithstanding the foregoing, the terms and conditions of Section
3(a) shall be inoperative and shall have no further effect, and Executive
shall have no continuing obligation with respect thereto, upon (A) the
occurrence of an event which constitutes a Change of Control (as defined
herein) of the Company and (B)(i) the termination of Executive’s employment without
Cause (as defined herein) or (ii) termination of employment by Executive
with Good Reason (as defined herein), in either case within one (1) year of
the date on which the Change of Control takes place.

     4.     Definitions.

     “Beneficial Owner” means a beneficial owner within the meaning of Rule
13d-3 under the Exchange Act.

     “Cause” means (i) the commission of a felony or a crime involving moral
turpitude or the intentional commission of any other act or omission involving
dishonesty or fraud with respect to the Company or any of its customers or
suppliers, (ii) conduct tending to bring the Company into public disgrace or
disrepute, (iii) substantial and repeated failure to perform duties of the
office held by Executive as reasonably directed by the Board or the Chief
Executive Officer not cured within sixty (60) days after written notice
thereof, (iv) gross negligence or willful misconduct with respect to the
Company, its customer, suppliers or employees or (v) any breach of Section 2 or
Section 3 of this Agreement by Executive.

     “Change of Control” means: (A) the dissolution or liquidation of the
Company or upon a merger, consolidation, or reorganization of the Company with
one or more other entities in which the Company is not the surviving entity,
(B) the sale of substantially all of the assets of the Company to another
entity or (C) any transaction (including, without limitation, a merger or
reorganization in which the Company is the surviving entity) approved by the
Board that results in any person or entity (or person or entities acting as a
group or otherwise in concert), owning fifty percent (50%) or more of the
combined voting power of all classes of securities of the Company (other than
persons who are shareholders or affiliates of the Company at the time the Plan
is approved by the Company’s shareholders.

     “Disability” means a physical or mental condition which, for a continuous
period of at least six (6) months, has or will prevent the Executive from
performing his duties on a full time basis and in a professional and consistent
manner. Any dispute as to the Executive’s Disability shall be referred to and
resolved by a licensed physician selected and approved by the Board.

     “Exchange Act” means the Securities and Exchange Act of 1934, as amended.

     “Good Reason” means Executive’s resignation within 30 days after his
discovery of any material breach of Section 1 of this Agreement by the
Company which is not cured within thirty (30) business days after written
notice thereof from Executive.

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     “Person” means an individual, a partnership, a limited liability company,
a corporation, an association, a joint stock company, a trust, a joint venture,
an unincorporated organization and a governmental entity or any department,
agency or political subdivision thereof.

     5.     Notices. Any notice provided for in this Agreement must be in writing
and must be either personally delivered, mailed by first class mail (postage
prepaid and return receipt requested) or sent by reputable overnight courier
service (charges prepaid) to the recipient at the address below indicated:

	 
	If to the Company:
	 
	     Cysive, Inc.
	     10780 Parkridge Blvd., Suite 400
	     Reston, VA 20190
	     Attention: Nelson A. Carbonell, Jr.
	 
	If to the Executive:
	 
	     Woodrow Angle
	     2506 Halterbreak Court
	     Herndon, VA 20171

or such other address or to the attention of such other person as the recipient
party shall have specified by prior written notice to the sending party. Any notice under this Agreement will be
deemed to have been given when so delivered or sent or, if mailed, five days
after deposit in the U.S. mail.

     6.     General Provisions.

             (a)  Severability. Whenever possible, each provision of this Agreement
will be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be invalid,
illegal or unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability will not affect
any other provision or any other jurisdiction, but this Agreement will be
reformed, construed and enforced in such jurisdiction as if such invalid,
illegal or unenforceable provision had never been contained herein.

             (b)  Complete Agreement. This Agreement, those documents expressly
referred to herein and other documents of even date herewith embody the
complete agreement and understanding among the parties and supersede and
preempt any prior understandings, agreements or representations by or among the
parties, written or oral, which may have related to the subject matter hereof
in any way.

             (c) Counterparts. This Agreement may be executed in separate
counterparts, each of which is deemed to be an original and all of which taken
together constitute one and the same agreement.

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             (d)  Successors and Assigns. Except as otherwise provided herein, this
Agreement shall bind and inure to the benefit of and be enforceable by
Executive and the Company and their respective successors and assigns.

             (e)  Choice of Law. All questions concerning the construction, validity
and interpretation of this Agreement and the exhibits hereto will be governed
by and construed in accordance with the internal laws of the Commonwealth of
Virginia, without giving effect to any choice of law or conflict of law
provision or rule (whether of the Commonwealth of Virginia or any other
jurisdiction) that would cause the application of the laws of any jurisdiction
other than the Commonwealth of Virginia.

             (f)  Remedies. Each of the parties to this Agreement will be entitled to
enforce its rights under this Agreement specifically, to recover damages and
costs (including attorney’s fees) caused by any breach of any provision of this
Agreement and to exercise all other rights existing in its favor. The parties
hereto agree and acknowledge that money damages may not be an adequate remedy
for any breach of the provisions of this Agreement and that any party may in
its sole discretion apply to any court of law or equity of competent
jurisdiction (without posting any bond or deposit) for specific performance
and/or other injunctive relief in order to enforce or prevent any violations of
the provisions of this Agreement.

             (g)  Amendment and Waiver. The provisions of this Agreement may be amended
and waived only with the prior written consent of the Company and the
Executive.

             (h)  Business Days. If any time period for giving notice or taking action
hereunder expires on a day which is a Saturday, Sunday or holiday in the state
in which the Company’s principal place of business is located, the time period
shall be automatically extended to the business day immediately following such
Saturday, Sunday or holiday.

             (i)  Termination. This Agreement (except for the provisions of Sections
1(a) and 1(b)) shall survive a Separation and shall remain in full force and
effect after such Separation.

[The rest of this page left blank intentionally]

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     IN WITNESS WHEREOF, the parties hereto have executed this Executive
Employment Agreement on the date first written above.

	 	 
		CYSIVE, INC
	 	 
	 	By:
	 	

	 	          Name: Nelson A. Carbonell, Jr.
	 	          Title: Chairman, President and
	 	                    Chief Executive Officer
	 	 
	 	EXECUTIVE
	 	 
	 	

	 	Woodrow Angle

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                                                                       FORM 10-Q

EXHIBIT 10.3

SECOND AMENDMENT TO FINANCING AGREEMENT

         THIS SECOND AMENDMENT TO FINANCING AGREEMENT (the "Second Amendment")
dated as of June 28, 2002, is by and among ENCORE WIRE LIMITED, a Texas limited
partnership ("Borrower"), BANK OF AMERICA, N.A., a national banking association,
and COMERICA BANK-TEXAS ("Comerica Bank"), a state banking association, in their
individual capacities as "Lenders" (as such term is defined herein), and BANK OF
AMERICA, N.A., a national banking association, as agent for itself and other
Lenders (in such capacity, together with its successors in such capacity, the
"Agent").

WITNESSETH:

         WHEREAS, the Borrower, the Agent and the Lenders are parties to the
Financing Agreement, dated as of August 31, 1999, as amended by that certain
First Amendment to Financing Agreement, dated as of June 27, 2000 (said
Financing Agreement, as amended, the "Financing Agreement"), pursuant to which
the Lenders agreed to make certain loans available to the Borrower upon the
terms and conditions contained in the Financing Agreement;

         WHEREAS, the parties to the Financing Agreement desire to amend the
Financing Agreement to make certain changes to the terms therein upon the terms
and conditions set forth below;

         NOW, THEREFORE, for valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Borrower, the Lenders, and the Agent agree
as follows:

         SECTION 1. Terms. All capitalized terms defined in the Financing
Agreement and not otherwise defined herein shall have the same definitions when
used herein as set forth in the Financing Agreement as amended.

         SECTION 2. Amendment of Section 1.21. Section 1.21 of the Financing
Agreement is amended and restated in its entirety to read as follows:

"Contract Term" means the period beginning on the effective date specified in
the preamble of this Agreement and continuing through May 31, 2005.

         SECTION 3. Amendment of definition in Section 3.1.6. The definition of
"Applicable Margin" contained in Section 3.1.6 of the Financing Agreement is
amended and restated in its entirety to read as follows:

"Applicable Margin" means the per annum percentages, applicable in the case of
Prime Based Loans and LIBOR Based Loans, respectively, under the specified
conditions, as follows:

<PAGE>
                                                                       FORM 10-Q

<Table>
<Caption>

FUNDED DEBT                          APPLICABLE MARGIN FOR PRIME BASED   APPLICABLE MARGIN FOR LIBOR BASED
TO EBITDA                            LOANS                               LOANS
-----------                          ---------------------------------   ---------------------------------
<S>                                  <C>                                 <C>

Less than or equal to 1.00 to 1.0    Prime minus one percent per annum   Three-fourths of one percent per
                                     (1.00%)                             annum (0.750%)

Greater than 1.00 to 1.0 and less    Prime minus one percent per annum   Seven-eighths of one percent per
than or equal to 1.50 to 1.0         (1.00%)                             annum (0.875%)

Greater than 1.50 to 1.0 and less    Prime minus one percent per annum   One percent per annum (1.00%)
than or equal to 2.10 to 1.0         (1.00%)

Greater than 2.10 to 1.0 and less    Prime minus one percent per annum   One and one-eighths of one
or equal to 2.75 to 1.0              (1.00%)                             percent per annum (1.125%)

Greater than 2.75 to 1.0             Prime minus one percent per annum   One and one-quarter of one
                                     (1.00%)                             percent per annum (1.250%)
</Table>

The Applicable Margin shall be measured and determined according to the
quarterly consolidated financial statements delivered to Agent under paragraph
7.6. Any adjustment in the Applicable Margin after the Effective Date shall be
deemed effective as of the first day following the receipt by the Agent of the
financial statements referred to in the immediately preceding sentence.

SECTION 4. Amendment of Section 7.21(a)3. Section 7.21(a)3 is amended and
restated in its entirety to read as follows:

3. Capital Expenditures. Capital Expenditures shall not exceed (a) $17,000,000
during fiscal year 2002 and (b) $10,000,000 in any fiscal year thereafter.

SECTION 5. Amendment of Section 7.35. Section 7.35 is amended and restated in
its entirety to read as follows:

         7.35 Acquisitions. Borrower shall not purchase or otherwise acquire
assets from any Person outside the ordinary course of business of Borrower,
except for purchases or acquisitions of equipment in an aggregate amount of
which when added to all other Capital Expenditures for such year do not exceed
(a) $17,000,000 during fiscal year 2002 and (b) $10,000,000 in any fiscal year
thereafter.

SECTION 6. Amendment of each Lender's Commitment. The Commitment of Bank of
America, N.A. of $50,000,000 shall be revised and reduced to $40,000,000. The
Commitment of Comerica Bank shall be revised and increased to $25,000,000. In
connection therewith, the Borrower shall execute and deliver a $40,000,000
replacement Revolving Note payable to the order of Bank of America, N.A. and a
$25,000,000 replacement Revolving Note payable to the order of Comerica Bank,
N.A., (collectively, the "Replacement Revolving Notes").

SECTION 7. Purchase by Lenders. Simultaneously with the satisfaction of the
conditions precedent set forth in Section 8 hereof, to the extent that there are
any outstanding Loans and Letter of Credit Liabilities, Comerica Bank shall
purchase without recourse an amount of Bank of America's outstanding Loans and
Letter of Credit Liabilities such that after giving effect to this Second
Amendment, the percentage of each Lender's outstanding Loans and Letter of
Credit Liabilities shall be equal to each such Lender's Commitment Percentages
as revised pursuant to this Second Amendment.

<PAGE>

SECTION 8. Conditions Precedent. This Second Amendment shall not be effective
until the Agent shall have received:

(a) executed signature pages from the Borrower, the Agent and the Lenders;

(b) executed Replacement Revolving Notes;

(c) a confirmation by each of the Guarantors of such Guarantor's obligations
under the Guaranties and the other Loan Documents executed by such Guarantor;

(d) a renewal fee in the amount of $40,000 to be divided among the Lenders on a
pro rata basis in accordance with their respective Commitment Percentages, as
revised by this Second Amendment;

(e) all reasonable fees and expenses in connection with this Second Amendment
and the other Loan Documents, including legal and other professional fees and
expenses incurred on or prior to the date of this Second Amendment by the Agent,
and including, without limitation, the reasonable fees and expenses of Winstead
Sechrest & Minick P.C.; and

(f) such other documents, instruments, and certificates, in form and substance
satisfactory to Agent and the Lenders, as the Agent and the Lenders shall deem
necessary or appropriate in connection with this Second Amendment and the
transactions contemplated hereby.

         SECTION 9. Applicable Margin Adjustment. Provided this Second Amendment
becomes effective, the amendment of the definition of Applicable Margin set
forth in Section 3 hereof shall be effective on **[TO BE CLOSING DATE]**, 2002,
notwithstanding anything in such definition to the contrary.

         SECTION 10. Termination of Second Amendment. This Second Amendment
shall terminate and be of no further force and effect, without any notice or
other action by the Lenders or the Administrative Agent, upon the failure of the
Borrower to deliver such certificates of existence, good standing,
qualification, incumbency, certified resolutions of Boards of Directors and
certified copies of articles of incorporation and partnership certificates with
respect to Borrower, EWC GP, EWC LP, Aviation and Parent as Agent may reasonably
requested, by July 10, 2002.

         SECTION 11. Further Assurances. The Borrower shall execute and deliver
such further agreements, documents, instruments, and certificates in form and
substance satisfactory to the Agent, as the Agent or any Lender may deem
necessary or appropriate in connection with this Second Amendment.

         SECTION 12. No Waiver. Nothing contained in this Second Amendment shall
be construed as a waiver by Agent or the Lenders of any covenants or provisions
of the Financing Agreement, the other Loan Documents, this Second Amendment, or
of any other contract or instrument between Borrower, Agent and/or Lenders, and
the failure of Agent or Lenders at any time or times hereafter to require strict
performance by Borrower of any provisions thereof shall not waive, affect or
diminish any right of Agent or the Lenders to thereafter demand strict
compliance therewith. Agent and the Lenders hereby reserve all rights granted
under the Financing Agreement, and the other Loan Documents, this Second
Amendment and any other contract or instrument between the Borrower, Agent
and/or the Lenders.

         SECTION 13. Representations and Warranties. The Borrower and each
Guarantor by its execution below represent and warrant to the Lenders and the
Agent that (a) the execution, delivery and performance of this Second Amendment,
the Replacement Revolving Notes and any and all other Loan Documents executed
and/or

<PAGE>

delivered in connection herewith have been authorized by all requisite corporate
action on the part of the Borrower and Guarantors and will not violate the
Articles of Incorporation, Bylaws or other governing documents of the Borrower
or any Guarantor; (b) the representations and warranties contained in the
Financing Agreement and other Loan Documents are true and correct on the date
hereof both before and after giving effect to this Second Amendment; (c) there
exists no Event of Default or Default under the Financing Agreement both before
and after giving effect to this Second Amendment; (d) each of Borrower and each
Guarantor is in full compliance with all covenants and agreements applicable to
it contained in the Financing Agreement and the other Loan Documents, as amended
hereby; (e) the Financing Agreement, as amended hereby, and the other Loan
Documents remain in full force and effect; and (f) no notice to, or consent of,
any Person is required under the terms of any agreement of the Borrower or any
Guarantor in connection with the execution of this Second Amendment and the
Replacement Revolving Notes.

         SECTION 14. Ratification. The terms and provisions set forth in this
Second Amendment shall modify and supersede all inconsistent terms and
provisions in the Financing Agreement and the other Loan Documents, and, except
as expressly modified and superseded by this Second Amendment, the terms and
provisions of the Financing Agreement and the other Loan Documents are ratified
and confirmed and shall continue in full force and effect. The Borrower, Agent
and the Lenders agree that the Financing Agreement and the other Loan Documents,
as amended hereby, shall continue to be legal, valid, binding and enforceable in
accordance with their respective terms.

         SECTION 15. Counterparts. This Second Amendment and the other Loan
Documents may be executed in any number of counterparts, all of which taken
together shall constitute one and the same instrument. In making proof of any
such agreement, it shall not be necessary to produce or account for any
counterpart other than one signed by the party against which enforcement is
sought.

         SECTION 16. ENTIRE AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN
DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS
OF THE PARTIES. THERE ARE NO UNWRITTEN AGREEMENTS AMONG THE PARTIES, AND EACH OF
THE BORROWER, ITS SUBSIDIARIES, THE AGENT, AND EACH LENDER SPECIFICALLY WAIVES,
TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY RIGHT ANY OF THEM MAY HAVE TO
CLAIM THAT THERE EXISTS AN ORAL AGREEMENT AMONG ANY OF THE PARTIES HERETO.

         SECTION 17. GOVERNING LAW. THIS SECOND AMENDMENT SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF TEXAS AND APPLICABLE
FEDERAL LAW.

         SECTION 18. WAIVER OF TRIAL BY JURY. THE PARTIES HERETO AGREE THAT NO
PARTY HERETO SHALL REQUEST A TRIAL BY JURY IN THE EVENT OF LITIGATION BETWEEN OR
AMONG THEM CONCERNING THIS SECOND AMENDMENT OR ANY OTHER LOAN DOCUMENTS OR ANY
CLAIMS OR TRANSACTIONS IN CONNECTION THEREWITH, IN EITHER A STATE OR FEDERAL
COURT, THE RIGHT TO TRIAL BY JURY BEING EXPRESSLY WAIVED BY ALL PARTIES HERETO.
THE AGENT, EACH LENDER AND THE BORROWER

<PAGE>

ACKNOWLEDGES THAT SUCH WAIVER IS MADE WITH FULL KNOWLEDGE AND UNDERSTANDING OF
THE NATURE OF THE RIGHTS AND BENEFITS WAIVED HEREBY, AND WITH THE BENEFIT OF
ADVICE OF COUNSEL OF ITS CHOOSING.

THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK

<PAGE>

IN WITNESS WHEREOF, the parties have caused this Second Amendment to be executed
by their respective duly authorized officers as of the date first written above.

BORROWER:

ENCORE WIRE LIMITED

By: EWC GP Corp., its general partner

         By:         /s/ Daniel L. Jones
                  --------------------------
                  Daniel L. Jones, President

LENDERS AND AGENT:

BANK OF AMERICA, N.A.,
as Agent

         By:         /s/ Suzanne M. Paul
                   -----------------------
                  Suzanne M. Paul
                  Vice President

BANK OF AMERICA, N.A.,
as a Lender

         By:         /s/ Steven Mackenzie
                  -----------------------
                  Steven Mackenzie
                  Vice President

COMERICA BANK-TEXAS,
as a Lender

         By:         /s/ Eric J. Angonia
                  -------------------------
         Name:    Eric J. Angonia
                  -------------------------
         Title:   Corporate Banking Officer
                  -------------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}]]