Document:

Exhibit 10.12

LIMITED CONSENT, JOINDER
AND FOURTH OMNIBUS AMENDMENT

This LIMITED CONSENT, JOINDER AND FOURTH OMNIBUS
AMENDMENT (this “Amendment”) is entered into as of this 10th day of October, 2006 by and among J.B. POINDEXTER
& CO., INC., a
Delaware corporation (“Poindexter”), MORGAN TRUCK BODY, LLC, a Delaware
limited liability company (“Morgan LLC”), TRUCK ACCESSORIES GROUP, LLC, a Delaware limited liability
company (“TAG LLC”), MIC GROUP, LLC, a Delaware limited liability
company (“MIC LLC”), MORGAN OLSON, LLC, a Delaware limited liability
company (“MO LLC”), EFP, LLC, a Delaware limited liability company (“EFP
LLC”) and FEDERAL COACH, LLC, a Delaware limited liability company (“Federal
Coach”) (Poindexter, Morgan LLC, TAG LLC, MIC LLC, MOC LLC, EFP LLC and
Federal Coach are each a “Borrower”
and collectively referred to as “Borrowers”),
the other Loan Parties signatory hereto, LaSalle Bank National Association,  a national banking association, for itself, as a Lender,
and as Agent for Lenders, and all other Lenders parties hereto.  Unless otherwise specified herein,
capitalized terms used in this Amendment shall have the meanings ascribed to
them by the Loan Agreement (as hereinafter defined).

RECITALS

WHEREAS, Poindexter, MORGAN CORPORATION (f/k/a Morgan Trailer Mfg. Co.), a New Jersey corporation (“Morgan”),
TRUCK ACCESSORIES GROUP, INC., a
Delaware corporation (“TAG”), MIC GROUP, INC. (f/k/a Magnetic Instruments Corp.), a Delaware corporation (“MIC”),
MORGAN OLSON CORPORATION, a Delaware corporation (“MOC”), EFP
CORPORATION, a Delaware corporation (“EFP”) and Federal Coach, the other
Loan Parties, Agent and Lenders have entered into that certain Loan and
Security Agreement dated as of March 15, 2004 (as amended by that certain First
Amendment to Loan and Security Agreement dated as of May 13, 2004, that certain
Limited Consent and Second Amendment dated as of November 3, 2004, that certain
Limited Consent and Omnibus Amendment dated as of December 30, 2004, that
certain Third Amendment to Loan and Security Agreement dated as of January 20,
2005, that certain Amendment No. 4 to Loan and Security Agreement dated as of
April 25, 2005, that certain Limited Consent and Second Omnibus Amendment,
dated as of June 7, 2005, that certain Third Omnibus Amendment, dated as of
January 20, 2006 and as may be further amended, supplemented, restated or
otherwise modified from time to time, the “Loan Agreement”);

WHEREAS, Borrowers and the other Loan Parties have
advised Agent and Lenders that on September 30, 2006 (i) TAG was converted from
a Delaware corporation into a Delaware limited liability company named “Truck
Accessories Group, LLC”; (ii) EFP was converted from a Delaware corporation
into a Delaware limited liability company named “EFP, LLC”; (iii) MIC was
converted from a Delaware corporation into a Delaware limited liability company
named “MIC, LLC”; (iv) Universal Brixius, Inc. was converted from a Wisconsin
corporation into a Delaware limited liability company named “Universal Brixius,
LLC” and (v) Morgan Olson Corporation was converted from a Delaware corporation
into a Delaware limited liability company named “Morgan Olson, LLC”
(collectively, the “LLC Conversions”);

 

WHEREAS, Borrowers and the other Loan Parties have
also advised Agent and Lenders that on September 30, 2006 (i) Eagle Specialty
Vehicles, Inc., an Ohio corporation was merged into Eagle Specialty Vehicles,
LLC, a Delaware limited liability company (“Eagle LLC”), a newly formed
limited liability company with such limited liability company being the
surviving entity and (ii) Morgan was merged into Morgan Truck Body, LLC, a
Delaware limited liability company (“Morgan LLC”), a newly formed
limited liability company with such limited liability company being the
surviving entity (collectively, the “Mergers”); and

WHEREAS, Borrowers and the other Loan Parties desire
that (i) Agent and Lenders provide their consent to the LLC Conversions and the
Mergers and (ii) Agent and Lenders amend certain provisions of the Loan
Agreement and the Other Agreements as herein set forth.

NOW THEREFORE, in consideration of the foregoing
recital, mutual agreements contained herein and for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
Borrowers, the other Loan Parties, Agent and Lenders hereby agree as follows:

SECTION 1.         Limited
Consents.  Subject
to the conditions precedent set forth in Section 5 hereof, Agent and
Lenders hereby consent to the LLC Conversions and the Mergers.

SECTION 2.         Omnibus Amendment to Loan Agreement and each Other
Agreement.

(a)           Each
reference in the Loan Agreement and in each Other Agreement to “MORGAN
CORPORATION (f/k/a Morgan Trailer Mfg. Co.), a New
Jersey corporation” or “Morgan”, as applicable, shall be deemed to be
reference to “MORGAN TRUCK BODY, LLC, a Delaware limited liability company” or “Morgan
LLC”, as applicable;

(b)           Each
reference in the Loan Agreement and in each Other Agreement to “TRUCK
ACCESSORIES GROUP, INC., a Delaware corporation” or “TAG”, as
applicable, shall be deemed to be reference to “TRUCK ACCESSORIES GROUP, LLC, a
Delaware limited liability company” or “TAG LLC”, as applicable;

(c)           Each
reference in the Loan Agreement and in each Other Agreement to “EFP
CORPORATION, a Delaware corporation” or “EFP”, as applicable, shall be
deemed to be reference to “EFP, LLC, a Delaware limited liability company” or “EFP
LLC”, as applicable;

(d)           Each
reference in the Loan Agreement and in each Other Agreement to “MORGAN OLSON
CORPORATION, a Delaware corporation” or “MOC”, as applicable, shall be deemed
to be reference to “MORGAN OLSON, LLC, a Delaware limited liability company” or
“MO LLC”, as applicable;

(e)           Each
reference in the Loan Agreement and in each Other Agreement to “ MIC GROUP, INC.
(f/k/a
Magnetic Instruments Corp.), a
Delaware corporation” or “MIC”, as applicable, shall be deemed to be
reference to “MIC
GROUP, LLC, a Delaware limited liability company” or “MIC LLC”,
as applicable;

 2
 

 

(f)            Each
reference in the Loan Agreement and in each Other Agreement to “UNIVERSAL
BRIXIUS, INC., a Wisconsin corporation” shall be deemed to be reference
to “UNIVERSAL
BRIXIUS, LLC, a Delaware limited liability company”; and

(g)           Each
reference in the Loan Agreement and in each Other Agreement to “EAGLE SPECIALTY
VEHICLES, INC. (f/k/a Kellerman Coach Co., Inc.), an Ohio corporation” or “Kellerman Coach”, as
applicable, shall be deemed to be reference to “EAGLE SPECIALTY VEHICLES, LLC, a Delaware
limited liability company” or “Eagle LLC”, as applicable.

SECTION 3.         Joinders.

(a)           Morgan
LLC hereby assumes, and agrees to perform, for the benefit of Agent and
Lenders, all of the Liabilities of a Borrower and a Loan Party under the Loan
Agreement, as direct and primary obligations of Morgan LLC (including any such
Liabilities that may have accrued prior to the date hereof), and further agrees
that it shall comply with and be fully bound by the terms of the Loan Agreement
as a Borrower and a Loan Party as if it had been a signatory thereto as of the
date thereof; provided that the representations and warranties made by
Morgan LLC thereunder shall be deemed true and correct as of the date of this
Amendment.

(b)           Eagle
LLC hereby assumes, and agrees to perform, for the benefit of Agent and
Lenders, all of the Liabilities of a Loan Party under the Loan Agreement, as
direct and primary obligations of Eagle LLC (including any such Liabilities
that may have accrued prior to the date hereof), and further agrees that it
shall comply with and be fully bound by the terms of the Loan Agreement as a
Loan Party as if it had been a signatory thereto as of the date thereof; provided
that the representations and warranties made by Eagle LLC thereunder shall be
deemed true and correct as of the date of this Amendment.

(c)           Each
of the following Exhibits and Schedules to the Loan Agreement is
hereby amended and restated in its entirety to read as provided on the Exhibits
and Schedules attached hereto corresponding thereto:

Exhibit A — Business and Collateral Locations

Exhibit E — Notice Information

Schedule 11(f) —
Corporate Organizational Numbers

Schedule 11(j) — Names & Trade Names

Schedule 11(p) — Parent, Subsidiaries And Affiliates

SECTION 4.         Acknowledgements.

(a)           The
Borrowers and the Loan Parties covenant and agree that the Borrowers and the
Loan Parties shall deliver, or shall cause to be delivered, to Agent (each in
form and substance satisfactory to Agent) such other documents, agreements,
certificates or other items as Agent shall reasonably require to effectuate the
intent of this Amendment.

SECTION 5.         Effectiveness.  The effectiveness of this Amendment is
subject to the satisfaction of each the following conditions precedent:

 3
 

 

(a)           This
Amendment shall have been duly executed and delivered by Borrowers, Loan
Parties, Agent and each Lender;

(b)           Agent
shall have received each of the agreements, documents, certificates, opinions
or other instruments listed on the closing checklist attached hereto as Annex
A, each duly executed by the parties thereto (as applicable) and each in
form and substance satisfactory to Agent and on or before the dates listed
therein; and

(c)           The
representations and warranties contained herein shall be true and correct in
all material respects.

SECTION 6.         Representations and Warranties.  In order to induce Agent and each Lender to
enter into this Amendment, each Loan Party hereby represents and warrants to
Agent and each Lender, which representations and warranties shall survive the
execution and delivery of this Amendment, that:

(a)           all
of the representations and warranties contained in the Loan Agreement and in each
Other Agreement are true and correct in all material respects as of the date
hereof after giving effect to this Amendment, except to the extent that any
such representations and warranties expressly relate to an earlier date;

(b)           the
execution, delivery and performance by Loan Parties of this Amendment has been
duly authorized by all necessary corporate action required on their part and
this Amendment, and the Loan Agreement is the legal, valid and binding
obligation of Loan Parties enforceable against Loan Parties in accordance with
its terms, except as its enforceability may be affected by the effect of
bankruptcy, insolvency, reorganization, moratorium or other similar laws now or
hereafter in effect relating to or affecting the rights or remedies of
creditors generally;

(c)           neither
the execution, delivery and performance of this Amendment by Loan Parties, the
performance by Loan Parties of the Loan Agreement nor the consummation of the
transactions contemplated hereby does or shall contravene, result in a breach
of, or violate (i) any provision of any Loan Party’s certificate or articles of
incorporation or formation, bylaws or operating agreement or other similar
documents or agreements, (iii) any law or regulation, or any order or decree of
any court or government instrumentality, or (iii) any indenture, mortgage, deed
of trust, lease, agreement or other instrument to which any Loan Party or any
of its Subsidiaries is a party or by which any Loan Party or any of its
Subsidiaries or any of their property is bound, except in any such case to the
extent such conflict or breach has been waived herein or by a written waiver
document, a copy of which has been delivered to Agent on or before the date
hereof; and

(d)           no
Default or Event of Default has occurred and is continuing.

SECTION 7.         Reference to and Effect Upon the Loan Agreement.

(a)           Except as
specifically set forth above, the Loan Agreement and each of the Other
Agreements shall remain in full force and effect and are hereby ratified and
confirmed; and

 4
 

 

(b)           the consents and amendments set forth herein
are effective solely for the purposes set forth herein and shall be limited
precisely as written, and shall not be deemed to (i) be a consent to any
amendment, waiver or modification of any other term or condition of the Loan
Agreement or any Other Agreement, (ii) operate as a waiver or otherwise
prejudice any right, power or remedy that Agent or Lenders may now have or may
have in the future under or in connection with the Loan Agreement or any Other
Agreement or (iii) constitute a waiver of any provision of the Loan Agreement
or any Other Agreement, except as specifically set forth herein.  Upon the effectiveness of this Amendment,
each reference in the Loan Agreement to “this Agreement”, “herein”, “hereof”
and words of like import and each reference in the Loan Agreement and the Other
Agreements to the Loan Agreement shall mean the Loan Agreement as amended
hereby.  This Amendment shall be
construed in connection with and as part of the Loan Agreement.  Each Loan Party hereby acknowledges and agrees that there is no
defense, setoff or counterclaim of any kind, nature or description to the
Liabilities or the payment thereof when due.

SECTION
8.           Costs And Expenses.  As provided in Section 4(c)(v) of the
Loan Agreement, Borrowers agree to reimburse Agent for all fees, costs, and
expenses, including the reasonable fees, costs, and expenses of counsel or
other advisors for advice, assistance, or other representation in connection
with this Amendment.

SECTION
9.           GOVERNING LAW.
THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
INTERNAL LAWS OF THE STATE OF ILLINOIS.

SECTION
10.        Headings.  Section headings in this Amendment are
included herein for convenience of reference only and shall not constitute part
of this Amendment for any other purposes.

SECTION
11.        Counterparts.  This Amendment may be executed in any number
of counterparts, each of which when so executed shall be deemed an original,
but all such counterparts shall constitute one and the same instrument.

[Signature Pages Follow]

 5

IN WITNESS WHEREOF, the parties hereto have executed
and delivered this Amendment as of the date first written above.

BORROWERS:

	
  J.B. POINDEXTER & CO., INC.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  MORGAN TRUCK BODY, LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  TRUCK ACCESSORIES GROUP, LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  MIC GROUP, LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  MORGAN OLSON, LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  EFP, LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  

 

[Signature
Page Limited Consent, Joinder and Fourth Omnibus Amendment]

 

	
  FEDERAL COACH, LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  

 

[Signature
Page Limited Consent, Joinder and Fourth Omnibus Amendment]

 

 

	
  MORGAN LLC:

  	
   

  
	
   

  	
   

  
	
  The undersigned hereby
  acknowledges and agrees that it is liable for all of the obligations and
  liabilities of Morgan Corporation (f/k/a Morgan Trailer Mfg. Co.), a New
  Jersey corporation, and hereby expressly assumes all of the obligations of
  Morgan Corporation (f/k/a Morgan Trailer Mfg. Co.), a New Jersey corporation,
  as a Borrower and a Loan Party under the Loan Agreement and the Other
  Agreements.

  	
   

  
	
   

  	
   

  
	
  MORGAN TRUCK BODY, LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

 

[Signature
Page Limited Consent, Joinder and Fourth Omnibus Amendment]

 

	
  TAG LLC:

  	
   

  
	
   

  	
   

  
	
  The undersigned hereby
  acknowledges and agrees that it is liable for all of the obligations and
  liabilities of Truck Accessories Group, Inc., a Delaware corporation, and
  hereby expressly assumes all of the obligations of Truck Accessories Group,
  Inc., a Delaware corporation, as a Borrower and a Loan Party under the Loan
  Agreement and the Other Agreements.

  	
   

  
	
   

  	
   

  
	
  TRUCK ACCESSORIES GROUP, LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

 

[Signature
Page Limited Consent, Joinder and Fourth Omnibus Amendment]

 

	
  EFP LLC:

  	
   

  
	
   

  	
   

  
	
  The undersigned hereby
  acknowledges and agrees that it is liable for all of the obligations and
  liabilities of EFP Corporation., a Delaware corporation, and hereby expressly
  assumes all of the obligations of EFP Corporation, a Delaware corporation, as
  a Borrower and a Loan Party under the Loan Agreement and the Other
  Agreements.

  	
   

  
	
   

  	
   

  
	
  EFP, LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

 

[Signature
Page Limited Consent, Joinder and Fourth Omnibus Amendment]

 

	
  MIC LLC:

  	
   

  
	
   

  	
   

  
	
  The undersigned hereby
  acknowledges and agrees that it is liable for all of the obligations and
  liabilities of MIC GROUP, INC. (f/k/a Magnetic Instruments Corp.),
  a Delaware corporation, and hereby
  expressly assumes all of the obligations of MIC GROUP, INC. (f/k/a Magnetic Instruments Corp.), a Delaware corporation, as a Borrower and a Loan Party under the
  Loan Agreement and the Other Agreements.

  	
   

  
	
   

  	
   

  
	
  MIC GROUP, LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

 

[Signature
Page Limited Consent, Joinder and Fourth Omnibus Amendment]

 

	
  MO LLC:

  	
   

  
	
   

  	
   

  
	
  The undersigned hereby
  acknowledges and agrees that it is liable for all of the obligations and
  liabilities of MORGAN OLSON CORPORATION, a Delaware corporation, and hereby expressly assumes all of the
  obligations of MORGAN OLSON CORPORATION, a Delaware corporation, as a Borrower and a Loan Party under the
  Loan Agreement and the Other Agreements.

  	
   

  
	
   

  	
   

  
	
  MORGAN OLSON, LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

 

[Signature
Page Limited Consent, Joinder and Fourth Omnibus Amendment]

 

	
  AGENT AND LENDER:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  LASALLE BANK NATIONAL ASSOCIATION,

  	
   

  
	
  as Agent and Lender

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

 

[Signature
Page Limited Consent, Joinder and Fourth Omnibus Amendment]

 

The following Persons are signatories to this
Amendment in their capacities as Loan Parties, not as Borrowers:

	
  LOAN PARTIES:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  LOWY GROUP, INC.

  
	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  RAIDER INDUSTRIES INC.

  
	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  SWK HOLDINGS, INC.

  
	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  UNIVERSAL BRIXIUS, LLC

  
	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  MORGAN TRAILER FINANCIAL
  CORPORATION

  
	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
				

 

[Signature
Page Limited Consent, Joinder and Fourth Omnibus Amendment]

 

	
  MORGAN TRAILER FINANCIAL

  
	
  MANAGEMENT, L.P.

  
	
   

  
	
   

  
	
  By:

  	
  MORGAN TRUCK BODY, LLC,

  	
   

  
	
   

  	
  its general partner

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  COMMERCIAL BABCOCK INC.

  
	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  
	
  EAGLE SPECIALTY VEHICLES, LLC

  
	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  

 

[Signature
Page Limited Consent, Joinder and Fourth Omnibus Amendment]

 

	
  UB LLC:

  	
   

  
	
   

  	
   

  
	
  The undersigned hereby
  acknowledges and agrees that it is liable for all of the obligations and
  liabilities of UNIVERSAL BRIXIUS, INC., a Wisconsin corporation, and hereby expressly assumes all of the
  obligations of UNIVERSAL BRIXIUS, INC., a Wisconsin corporation, as a Borrower and a Loan Party under the
  Loan Agreement and the Other Agreements.

  	
   

  
	
   

  	
   

  
	
  UNIVERSAL BRIXIUS, LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

 

[Signature
Page Limited Consent, Joinder and Fourth Omnibus Amendment]

 

	
  Eagle LLC:

  	
   

  
	
   

  	
   

  
	
  The undersigned hereby
  acknowledges and agrees that it is liable for all of the obligations and
  liabilities of EAGLE SPECIALTY VEHICLES, INC. (f/k/a Kellerman Coach Co.,
  Inc.), an Ohio corporation,
  and hereby expressly assumes all of the obligations of EAGLE SPECIALTY
  VEHICLES, INC. (f/k/a Kellerman Coach Co., Inc.), an Ohio corporation, as a Borrower and a Loan Party under the
  Loan Agreement and the Other Agreements.

  	
   

  
	
   

  	
   

  
	
  EAGLE SPECIALTY VEHICLES, LLC

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

 

[Signature
Page Limited Consent, Joinder and Fourth Omnibus Amendment]

Annex A

[See Attached.]Exhibit
10.1

Spherix Incorporated

SUMMARY
OF ANNUAL COMPENSATION OF MEMBERS OF

THE
BOARD OF DIRECTORS OF SPHERIX INCORPORATED

Non-employee
directors of Spherix Incorporated (“Spherix”) receive the following annual
compensation for service as a member of Spherix:

 

	
  Annual Retainer

  	
   

  	
  $

  	
  5,000

  	
   

  	
  To be paid in cash at the first meeting of the term.

  
	
  Stock Awards

  	
   

  	
  $

  	
  10,000

  	
   

  	
  To be calculated by dividing $10,000 by the closing
  stock price the day the Stock Awards are granted. The shares will be granted
  upon approval of the Board; however, the shares will be restricted and
  instructions will be given to the stock transfer agent that the shares may
  not be transferred until the one year anniversary of the Board Member’s
  departure from the Board.

  
	
  Board Meeting Fees

  	
   

  	
  $

  	
  2,500

  	
   

  	
  To be paid for all in-person Board Meetings. Members
  must be present to be paid.

  
	
  Committee Meeting Fees

  	
   

  	
  $

  	
  800

  	
   

  	
  To be paid for all in-person Committee Meetings.
  Members must be present to be paid.

  
	
  Teleconference Fees

  	
   

  	
  $

  	
  300

  	
   

  	
  To be paid for all teleconferences called by either
  the Chairman of the Board, the President, or by the Chairman of the relevant
  Committee. Members must be on-line to be paid.

  
	
  Additional Retainer

  	
   

  	
  $

  	
  1,000

  	
   

  	
  To be paid to the Chairman of the Audit Committee.

  

 

 55

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