Document:

Exhibit 10.6

EXHIBIT A

ADVANCE REQUEST AND BORROWING NOTICE

Date: __________, 20__

	
  

 	
  

 
	
 To:

 	
 Fifth Third
 Bank, as Agent

 

          This
Advance Request and Borrowing Notice is furnished pursuant to Section 2.4(a)
of that certain Credit Agreement dated as of July 30, 2010 (as amended,
modified, renewed or extended from time to time, the “Agreement”) among
INDUSTRIAL SERVICES OF AMERICA INC., a Florida corporation (“ISA”), and
ISA INDIANA, INC., an Indiana corporation (“ISA Indiana” and together
with, ISA collectively, the “Borrowers”), the Lenders party thereto, and
FIFTH THIRD BANK, as Agent for the Lenders and as LC Issuer (the “Agent”).
Unless otherwise defined herein, capitalized terms used in this Advance Request
and Borrowing Notice have the meanings ascribed thereto in the Agreement.

          The
Borrowers hereby notify the Agent of their request of an advance of the
Revolving Loans pursuant to Section 2.4(a) of the Agreement. The
Borrowers hereby request that:

[FOR DAILY
LIBOR RATE LOANS:]

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (1)

 	
 A Revolving Loan in the total amount of $___________ (the “Advance”),
 which Advance shall be made by transferring the amount of the Advance to the
 Operating Account of the Borrowers at the Agent as contemplated by the
 Agreement; 

 
	
  

 	
  

 	
  

 
	
  

 	
 (2)

 	
 The Advance is to be made as a Daily LIBOR Rate Loan; and 

 
	
  

 	
  

 	
  

 
	
  

 	
 (3)

 	
 The Borrowing Date for the requested Advance is ____________, ____
 [INSERT] (must be a Business Day).

 
	
  

 	
  

 	
  

 
	
 [FOR LIBOR TRANCHE RATE LOANS:]

 
	
  

 
	
  

 	
 (1)

 	
 Borrowing Date of LIBOR Tranche Rate Loan (must be a Business Day and
 given three Business Days prior to the Borrowing Date):_______________

 
	
  

 	
  

 	
  

 
	
  

 	
 (2)

 	
 Aggregate LIBOR Tranche Amount of the LIBOR Tranche Rate Loan:
 $_____________________________ (minimum of $1,000,000 and increments of
 $100,000)

 
	
  

 	
  

 	
  

 
	
  

 	
 (3)

 	
 Duration of LIBOR Tranche Period:

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 One Month __________________

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 Two Months _________________

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 Three Months ________________

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (4)

 	
 There are no more than four (4) LIBOR Periods outstanding after
 giving effect to the LIBOR Period selected by this Borrowing Notice.

 
	
  

 	
  

 	
  

 
	
  

 	
 The Borrowers hereby represent that, as of the date of this Advance
 Request and Borrowing Notice:

 
	
  

 	
  

 
	
  

 	
 (a)

 	
 There exists no Default or Event of Default and no Default or Event
 of Default shall result from this Loan;

 
	
  

 	
  

 	
  

 
	
  

 	
 (b)

 	
 The representations and warranties contained in Article V of
 the Agreement are true and correct, in all material respects, except to the
 extent any such representation or warranty is stated to relate solely to an
 earlier date (and except that such representations and warranties shall not
 be further 

 

	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 qualified by materiality where, by their respective terms, they are
 already qualified by reference to materiality, including a Material Adverse
 Effect), subject to such changes as are not prohibited by the Agreement or do
 not constitute a Default or an Event of Default under the Agreement;

 
	
  

 	
  

 	
  

 
	
  

 	
 (c)

 	
 the person signing this Advance Request and Borrowing Notice is duly
 authorized to execute and deliver it to the Agent on behalf of the Borrowers;

 
	
  

 	
  

 	
  

 
	
  

 	
 (d)

 	
 this Loan is made in accordance with the Agreement; and

 
	
  

 	
  

 	
  

 
	
  

 	
 (e)

 	
 this Loan is not revocable by the Borrowers.

 

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 INDUSTRIAL
 SERVICES OF AMERICA, INC.

 	
  

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
  

 
	
  

 	
  

 	

 

 	
  

 
	
  

 	
 Name:

 	
  

 
	
  

 	
  

 	
  

 	

 

 	
  

 
	
  

 	
 Title:

 	
  

 
	
  

 	
  

 	
  

 	

 

 	
  

 

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 ISA INDIANA,
 INC.

 	
  

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
  

 
	
  

 	
  

 	

 

 	
  

 
	
  

 	
 Name:

 	
  

 
	
  

 	
  

 	
  

 	

 

 	
  

 
	
  

 	
 Title:

 	
  

 
	
  

 	
  

 	
  

 	

 

 	
  

 

CONVERSION/CONTINUATION
NOTICE

Date: ___________, 20__

To:     Fifth
Third Bank, as Agent

          This notice
(“Conversion/Continuation Notice”) is furnished pursuant to Section
2.6(a)(ii) of that certain Credit Agreement dated as of July 30, 2010 (as
amended, modified, renewed or extended from time to time, the “Agreement”)
among INDUSTRIAL SERVICES OF AMERICA INC., a Florida corporation (“ISA”),
and ISA INDIANA, INC., an Indiana corporation (“ISA Indiana” and
together with ISA, collectively, the “Borrowers”), the Lenders party
thereto, and FIFTH THIRD BANK, as Agent for the Lenders and as LC Issuer (the “Agent”).
Unless otherwise defined herein, capitalized terms used in this
Conversion/Continuation Notice have the meanings ascribed thereto in the
Agreement.

          The
Borrowers hereby notify the Agent of their request to [SELECT ONE]: 

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (1)

 	
 convert the Daily LIBOR Rate Loan in the amount of $_________ into a
 LIBOR Tranche Rate Loan with a LIBOR Tranche Period of: ________ month(s) [1,
 2, or 3 months];

 
	
  

 	
  

 	
  

 
	
  

 	
 (2)

 	
 continue the LIBOR Tranche Rate Loan described below:

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (a)

 	
 Date of continuation (must be a Business Day and given three Business
 Days prior to the requested continuation date): _________________;

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (b)

 	
 Aggregate LIBOR Tranche Amount of the LIBOR Tranche Rate Loan:
 $_____________________________ (minimum of $1,000,000 and increments of
 $100,000);

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (c)

 	
 The duration of the LIBOR Tranche Period applicable thereto: ________
 month(s) [1, 2, or 3 months];

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (d)

 	
 There are no more than four (4) LIBOR Tranche Periods outstanding
 after giving effect to the LIBOR Tranche Period selected by this
 Conversion/Continuation Notice;

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 The Borrowers hereby represent that, as of the date of this
 Conversion/Continuation Notice:

 
	
  

 	
  

 
	
  

 	
 (a)

 	
 There exists no Default or Event of Default and no Default or Event
 of Default shall result from this Loan;

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (b)

 	
 The representations and warranties contained in Article V of
 the Agreement are true and correct, in all material respects, except to the
 extent any such representation or warranty is stated to relate solely to an
 earlier date (and except that such representations and warranties shall not
 be further qualified by materiality where, by their respective terms, they
 are already qualified by reference to materiality, including a Material
 Adverse Effect), subject to such changes as are not prohibited by the
 Agreement or do not constitute a Default or an Event of Default under the
 Agreement;

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (c)

 	
 this Conversion/Continuation Notice is made in accordance with the
 Agreement;

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (d)

 	
 this Conversion/Continuation Notice is not revocable by the
 Borrowers; and

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (e)

 	
 the person signing this Conversion/Continuation Notice is duly
 authorized to execute and deliver it to the Agent on behalf of the Borrowers.

 

- 116 -

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 INDUSTRIAL
 SERVICES OF AMERICA, INC.

 	
  

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
  

 
	
  

 	
  

 	

 

 	
  

 
	
  

 	
 Name:

 	
  

 
	
  

 	
  

 	
  

 	

 

 	
  

 
	
  

 	
 Title:

 	
  

 
	
  

 	
  

 	
  

 	

 

 	
  

 

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 ISA INDIANA,
 INC.

 	
  

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
  

 
	
  

 	
  

 	

 

 	
  

 
	
  

 	
 Name:

 	
  

 
	
  

 	
  

 	
  

 	

 

 	
  

 
	
  

 	
 Title:Exhibit
10.7

EXHIBIT
B

BORROWING BASE
CERTIFICATE

	
  

 	
  

 	
  

 	
  

 
	
 General Insulation
 Company, Inc., a Florida corporation (“ISA”), and ISA Indiana, Inc.,
 an Indiana corporation (“ISA Indiana”) (collectively, the “Borrowers”)

 	
  

 	
 Certificate #:

 	 
	
  

 	
  

 	
  

 	 
	
  

 	
  

 	

 

 	 
	
 Period Ended:

 	
  

 	
  

 	 

To induce Fifth Third
Bank (“Agent”) and the lenders from time to time party to the Credit
Agreement defined below (“Lenders”) to make a Revolving Loan or issue a
Letter of Credit pursuant to the Credit Agreement dated as of July 30, 2010 (as
the same may be hereafter amended, the “Credit Agreement”), among Agent,
Lenders and Borrowers, we hereby certify, as of the above date, the following:

          Collateral
Balances:

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 Total

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 	
  

 
	
 [1]

 	
 Previous Certificate AR Balance (Item [2])

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
 a)

 	
 Gross Sales since last Certificate

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
 b)

 	
 Collections since last Certificate

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
 c)

 	
 Credits since last Certificate

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 [2]

 	
 Total AR now being certified to Agent: [1] + [a] -
 [b] - [c]

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 [3]

 	
 Total Ineligible AR (See attached breakdown)

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 [4]

 	
 Net Amount of Eligible AR: [2] – [3]

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 [5]

 	
 Total Loan value of Eligible AR at
 80% of [4]

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 [6]

 	
 Total Inventory

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 [7]

 	
 Total Ineligible Inventory (see attached breakdown)

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 [8]

 	
 Net amount of Eligible Inventory: [6] – [7]

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 [9]

 	
 Loan value of Eligible Inventory
 @ 60% of [8]

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 [10]

 	
 Total Loan value of Eligible
 Inventory: [9] or
 $15,000,000 or

 	
  

 	
  

 	
  

 	
  

 
	
 80% of the Net Orderly Liquidation Value Percentage,
 whichever is less.

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 [11]

 	
 Borrowing Base Reserves
 (See attached breakdown):

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 [12]

 	
 Total Available Collateral: [5] + [10] – [11]

 	
  

 	
 $

 	
  

 	
  

 
	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 

          Loan
Balances:

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 [13]

 	
 Total For Borrowers: the lesser of [A] $40,000,000
 or [B] the total amount from [12] for the Borrowers.

 	
  

 	
 $

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 [14]

 	
 Revolving Loan Balance per previous Certificate

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
 d)

 	
 Net total applied collections since last Certificate

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
 e)

 	
 Advance Request

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
 f)

 	
 Letter of Credit Exposure

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 [15]

 	
 New Revolving Loan Balance

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 [14] – [d] + [e] + [f], but in no event shall [15]
 be greater than [13]

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	

 

 	

 

 	
  

 

As used herein, “AR”
means “Receivables”. Ineligible AR and Ineligible Inventory shall be calculated
by reference to the definition of Eligible Receivables and Eligible Inventory,
respectively. Capitalized terms used but not defined herein have the meanings
given to them in the Credit Agreement. 

The undersigned hereby
certifies that the information and statements contained on this Borrowing Base
Certificate are true, correct, and complete. All Inventory is valued at the
lower of fair market value or cost based on GAAP. The undersigned also
represents that to the best of the undersigned’s knowledge, there does not
exist an Event of Default, and there does not exist a condition which may
result in an Event of Default under the terms of the Credit Agreement.

The undersigned hereby
further certifies that (a) attached hereto are copies of the most recent NAS
Factoring Report and the most recent NAS Factoring Documents and (b) the next
contemplated wire expected from the Permitted Factoring Transactions is
$______________ to be received on _____________, 2010.

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	

 

 	
  

 	

 

 	
  

 
	
  

 	
 Prepared By

 	
  

 	
 Authorized Signature of Borrowers

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 Date:

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 	
  

 

For Agent Use Only

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Date of Advance:

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Amount: $

 	
  

 	
  

 
	
  

 	

 

 	
  

 	

 

 	
  

 

(Ineligible
Details)

	
  

 	
  

 
	
 I.

 	
 Ineligible AR:

 

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Past Due (over 90 days):

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Due from Affiliates:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Foreign Account Debtors (without letter of credit
 “LOC”):

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 United States as debtor (without assignment of
 claim):

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 State or municipality as debtor without assignment:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Contras:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 25% Cross-Age:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 30% Concentration (except for accounts with North
 American Stainless as account debtor):

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 80% Concentration for accounts with North American
 Stainless as account debtor, subject to a cap equal to the Receivables
 Advance Rate multiplied by $20,000,000:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Account debtors in bankruptcy:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Due from Customers in New Jersey, Minnesota, or West
 Virginia (without proper corporate filing):

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Receivables resulting from guaranteed sales, C.O.D.
 sales, etc.:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Subject to Lien other than a Permitted Lien:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Permitted Factoring Receivables:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Other:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Total Ineligible AR: 

 	
  

 	
 $

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 

	
  

 	
  

 
	
 II.

 	
 Ineligible Inventory:

 

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Slow moving, obsolete, unsalable or defective items
 of Inventory:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Work in process:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Outside U.S.:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Not in possession of Borrower or at other permitted
 location (as determined in accordance with the Credit Agreement), except for
 inventory located at North American Stainless:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Inventory located at the premises of North American
 Stainless if written waiver and access agreements are in place (capped at
 $2,000,000)

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Subject to Lien other than a Permitted Lien:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Packaging, Supplies, Molds, Spare Parts (unless
 readily saleable), Display Items and Rack Samples:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Consigned Inventory:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 In Transit Inventory:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Custom made inventory not subject to a purchase
 order:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Licensed Inventory:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Inventory giving rise to a Permitted Factoring
 Receivable:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Other:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Total Inventory Ineligibles: 

 	
  

 	
 $

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 

	
  

 	
  

 
	
 III.

 	
 Borrowing Base Reserves:

 

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 List:

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 List:

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	

 

 	
  

 	

 

 	

 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Total Borrowing Base Reserves:

 	
  

 	
 $

 	
  

 	
  

 	
 $

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00193-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00193-of-00352.parquet"}]]