Document:

Exhibit 10(b)

    Exhibit
      10(b)

    
 

    FOURTH
      AMENDMENT TO REIMBURSEMENT AGREEMENT

    

    THIS
      FOURTH AMENDMENT TO REIMBURSEMENT AGREEMENT, dated as of April 12, 2006 (this
      “Amendment”),
      to
      the Existing Reimbursement Agreement (as defined below) is made by PPL ENERGY
      SUPPLY, LLC, a Delaware limited liability company (the “Account
      Party”),
      and
      certain of the Lenders (such capitalized term and other capitalized terms used
      in this preamble and the recitals below to have the meanings set forth in,
      or
      are defined by reference in, Article
      I
      below).

     

     

    W
      I T
      N E S S E T H:

     

    WHEREAS,
      the Account Party, the Lenders and The Bank of Nova Scotia, as the Issuer and
      as
      Administrative Agent, are all parties to the Reimbursement Agreement, dated
      as
      of March 31, 2005 (as amended or otherwise modified prior to the date hereof,
      the “Existing
      Reimbursement Agreement”,
      and as
      amended by this Amendment and as the same may be further amended, supplemented,
      amended and restated or otherwise modified from time to time, the “Reimbursement
      Agreement”);

     

    WHEREAS,
      the Account Party has requested that the Lenders amend certain provisions of
      the
      Existing Reimbursement Agreement to permit Letters of Credit to be issued for
      additional account parties, on the terms and subject to the conditions
      hereinafter set forth;

     

    NOW,
      THEREFORE, the parties hereto hereby covenant and agree as follows:

     

    ARTICLE
      I

    DEFINITIONS

     

    SECTION
      1.1.   Certain
      Definitions.
      The
      following terms when used in this Amendment shall have the following meanings
      (such meanings to be equally applicable to the singular and plural forms
      thereof):

     

    “Account
      Party”
is
      defined in the preamble.

     

    “Amendment”
is
      defined in the preamble.

     

    “Amendment
      Effective Date”
is
      defined in Article
      III.

     

    “Existing
      Reimbursement Agreement”
is
      defined in the first
      recital.

     

    “Reimbursement
      Agreement”
is
      defined in the first
      recital.

     

     

    SECTION
      1.2.   Other
      Definitions.
      Terms
      for which meanings are provided in the Reimbursement Agreement are, unless
      otherwise defined herein or the context otherwise requires, used in this
      Amendment with such meanings.

     

    ARTICLE
      II

    AMENDMENTS
      TO REIMBURSEMENT AGREEMENT

     

    Effective
      as of the date hereof, but subject to the occurrence of the satisfaction of
      the
      conditions in Article
      III,
      the
      provisions of the Existing Reimbursement Agreement referred to below are hereby
      amended in accordance with this Article
      II.
      Except
      as expressly so amended, the Existing Reimbursement Agreement shall continue
      in
      full force and effect in accordance with its terms.

     

    SECTION
      2.1.   Amendments
      to Section 1.1.
      Section
      1.1 of the Existing Reimbursement Agreement is hereby amended by inserting
      the
      following definitions in the appropriate alphabetical order:

     

    “Additional
      Account Parties”
is
      defined in Section
      2.1.

     

    “Fourth
      Amendment”
means
      the Fourth Amendment to Reimbursement Agreement, dated as of April 12, 2006,
      among the Account Party and the Lenders party thereto.

     

    SECTION
      2.2.   Amendment
      to Article II.
      Section
      2.1 of
      the
      Existing Reimbursement Agreement is
      hereby
      amended by inserting the following at the end of such Section.

     

    The
      Account Party shall be permitted to request that the Issuer issue Letters of
      Credit listing any of the following Persons (in addition to the Account Party)
      as the account party on such Letter of Credit: Avon Lake Synfuels, LLC, BG
      Mechanicals, Inc., General Control Systems, Inc, McCarl’s Inc., Penn Mines, LLC,
      PPL Brunner Island, LLC, PPL Corporation, PPL Distributed Generation, LLC,
      PPL
      Energy Supply, LLC, PPL EnergyPlus, LLC, PPL Energy Services Northeast, Inc.,
      PPL Energy Services Holdings, LLC, PPL Gas Utilities Corporation, PPL
      Generation, LLC, PPL Holtwood, LLC, PPL Martin Creeks, LLC, PPL Montana, LLC,
      PPL Sundance Energy, LLC, PPL Susquehanna, LLC, PPL Wallingford Energy, LLC
      or
      Tyrone Synfuels, L.P (collectively, the “Additional
      Account Parties”).
      Notwithstanding
      that a Letter of Credit issued or outstanding hereunder is in support of any
      obligations of, or is for the account of, an Additional Account Party, the
      Account Party shall be obligated to reimburse the Issuer for any and all
      drawings under such Letter of Credit. The Account Party hereby acknowledges
      that
      the Issuer would be unwilling to issue Letters of Credit for the account of
      Additional Account Parties without the Account Party’s agreement to such
      reimbursement obligation, and that the Account Party derives benefits from
      the
      issuances of such Letters of Credit.

    

    ARTICLE
      III

    CONDITIONS
      TO EFFECTIVENESS

     

    This
      Amendment and the amendments contained herein shall become effective as of
      the
      date hereof when each of the conditions set forth in this Article
      III
      shall
      have been fulfilled to the satisfaction of the Administrative
      Agent.

     

    SECTION
      3.1.   Counterparts.
      The
      Administrative Agent shall have received counterparts hereof executed on behalf
      of the Account Party and the Required Lenders.

     

    SECTION
      3.2.   Costs
      and Expenses, etc.
      The
      Administrative Agent shall have received for the account of each Lender, all
      fees, costs and expenses due and payable pursuant to Section 10.3 of the
      Reimbursement Agreement, if then invoiced.

     

    SECTION
      3.3.   Satisfactory
      Legal Form.
      The
      Administrative Agent and its counsel shall have received all information, and
      such counterpart originals or such certified or other copies of such materials,
      as the Administrative Agent or its counsel may reasonably request, and all
      legal
      matters incident to the effectiveness of this Amendment shall be satisfactory
      to
      the Administrative Agent and its counsel. All documents executed or submitted
      pursuant hereto or in connection herewith shall be reasonably satisfactory
      in
      form and substance to the Administrative Agent and its counsel.

     

    ARTICLE
      IV

    MISCELLANEOUS

     

    SECTION
      4.1.   Cross-References.
      References in this Amendment to any Article or Section are, unless otherwise
      specified, to such Article or Section of this Amendment.

     

    SECTION
      4.2.   Loan
      Document Pursuant to Existing Reimbursement Agreement.
      This
      Amendment is a Loan Document executed pursuant to the Existing Reimbursement
      Agreement and shall (unless otherwise expressly indicated therein) be construed,
      administered and applied in accordance with all of the terms and provisions
      of
      the Existing Reimbursement Agreement, as amended hereby, including
      Article X thereof.

     

    SECTION
      4.3.   Successors
      and Assigns.
      This
      Amendment shall be binding upon and inure to the benefit of the parties hereto
      and their respective successors and assigns.

     

    SECTION
      4.4.   Counterparts.
      This
      Amendment may be executed by the parties hereto in several counterparts, each
      of
      which when executed and delivered shall be an original and all of which shall
      constitute together but one and the same agreement. Delivery of an executed
      counterpart of a signature page to this Amendment by facsimile shall be
      effective as delivery of a manually executed counterpart of this
      Amendment.

     

    SECTION
      4.5.   Governing
      Law.
      THIS
      AMENDMENT WILL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE
      INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING FOR SUCH PURPOSE SECTIONS
      5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW
      YORK).

     

    SECTION
      4.6.   Full
      Force and Effect; Limited Amendment.
      Except as expressly amended hereby, all of the representations, warranties,
      terms, covenants, conditions and other provisions of the Existing Reimbursement
      Agreement and the Loan Documents shall remain unchanged and shall continue
      to
      be, and shall remain, in full force and effect in accordance with their
      respective terms. The amendments set forth herein shall be limited precisely
      as
      provided for herein to the provisions expressly amended herein and shall not
      be
      deemed to be an amendment to, waiver of, consent to or modification of any
      other
      term or provision of the Existing Reimbursement Agreement or any other Loan
      Document or of any transaction or further or future action on the part of any
      Obligor which would require the consent of the Lenders under the Existing
      Reimbursement Agreement or any of the Loan Documents.

     

    SECTION
      4.7.   Representations
      and Warranties.
      In
      order to induce the Lenders to execute and deliver this Amendment, the Account
      Party hereby represents and warrants to the Lenders, on the date this Amendment
      becomes effective pursuant to Article
      III,
      that
      both before and after giving effect to this Amendment, all statements set forth
      in Section 5.2.1 of the Reimbursement Agreement are true and correct as of
      such
      date, except to the extent that any such statement expressly relates to an
      earlier date (in which case such statement was true and correct on and as of
      such earlier date).

     

      

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

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

     

    

     

    PPL
      ENERGY SUPPLY, LLC

    

    

    By:__________________________

    Title:

    

    THE
      BANK
      OF NOVA SCOTIA

    

    

    By:__________________________

    Title:April 6, 2005

[IBSM LETTERHEAD]

October 31, 2006

Mr. David L. Hatfield

President and CEO

MainStreet Financial Corporation

629 W. State Street

Hastings, Michigan 49058

     Re:     Loan Facility from Independent Bank South Michigan (the "Bank")

Dear Mr. Hatfield:

This letter (the "Letter Agreement") pertains to the credit facility outstanding from the
Bank to MainStreet Financial Corporation (the "Borrower") pursuant to a certain Business Loan
Agreement, Promissory Note, Pledge Agreement and Irrevocable Proxy, and other related
documents and agreements dated June 30, 2005 by and between the parties (collectively, the
"Loan Documents"), which facility involves a line of credit in the principal amount of $2,000,000,
all of which has been advanced to the Borrower in accordance with the terms of said facility (the
"Loan").

As of the date hereof, an event of default has occurred with respect to the Loan and the
Bank has been advised by the Borrower that other events of default are likely to occur.
Specifically, the Borrower: 

	has failed to achieve a consolidated return on assets greater than 0.00%, as
required the Loan Documents;

	has filed a registration statement (the "Registration Statement") with the Securities
and Exchange Commission ("SEC") for the purpose of registering the sale of up to
47% of the common stock of the Borrower (the "Offering"), which, in the event
the Offering results in a change in ownership of 25% or more of the common stock
of the Borrower, will constitute a violation of the Loan Documents; and

	has stated in the Registration Statement that the capitalization of MainStreet
Savings Bank, FSB, the wholly-owned subsidiary of the Borrower, may change
from "well capitalized" to "adequately capitalized" during the Offering, which, if
not cured within six months thereafter, will constitute a violation of the Loan
Documents.

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Mainstreet Financial Corporation

October 31, 2006

Page 2

The foregoing enumeration of defaults and probable defaults is without prejudice to the
rights of the Bank to identify further defaults and events of default, whether now existing or
hereafter arising, as and when said defaults become known to the Bank.

As a result of the default described in paragraph (i) above, the Loan is due and payable in
full and the Bank is entitled to exercise the remedies available to it under the Loan Documents and
applicable law.  In addition and independent from the default described in paragraph (i) above,
upon the occurrence of either of the defaults described in paragraphs (ii) and (iii) above, the Loan
will be due and payable in full, giving the Bank the right to exercise all of such remedies.

The Bank hereby agrees to refrain and forbear from taking any action to enforce its
remedies with respect to any of the defaults or events described in paragraphs (i), (ii), and (iii)
above, upon the following conditions:

		(a)	The Borrower must remain, in all respects and at all times, in full compliance with this Letter Agreement;

		(b)	Except for the events and circumstances specifically described in paragraphs (i), (ii), and (iii) above, the Borrower must remain, in all respects and at all times, in full compliance with each of the Loan Documents, including (without limitation) the obligation to make all periodic payments on the Loan as and when due;

		(c)	The Borrower must diligently proceed with the Offering and, once commenced,
may not abandon or terminate the Offering prior to the expiration date set forth in
the Registration Statement, and neither the SEC nor any state agency or authority
shall have issued any stop order or other order or directive that prohibits the
continuance of the Offering under the terms described in the Registration
Statement; and

		(d)	The Borrower must use a portion of the proceeds from the Offering to make a
payment on the Loan, as follows:  (x) if at least 319,600 shares are sold, but fewer
than 432,400 shares, then the Borrower shall make a payment of at least
$1,268,000 on the Loan, and (y) if at least 432,400 shares are sold, then the
Borrower shall make a payment of at least $1,600,000 on the Loan.

If any of the above conditions are not met at any time and for any reason, this Letter
Agreement and the Bank's forbearance hereunder shall automatically terminate, without notice to
Borrower and without prejudice to any rights of the Bank.  Without limiting the generality of the
foregoing, in such event, the Bank shall be entitled to claim and collect damages from the
Borrower with respect to all periods in which any default or event of default existed pursuant to
any of the Loan Documents, including at all times from and after the date of this Letter
Agreement.

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Mainstreet Financial Corporation

October 31, 2006

Page 3

Notwithstanding the foregoing or anything to the contrary in this Letter Agreement, this
Letter Agreement and the Bank's forbearance hereunder shall expire automatically and without
notice upon the earlier of: (i) January 31, 2007; or (ii) the occurrence of any default or event of
default under any of the Loan Documents, except for the events of default specifically described in
paragraphs (i), (ii), and (iii) of this Letter Agreement.  Notwithstanding anything herein to the
contrary, nothing in this Agreement shall be construed so as to imply any commitment by the
Bank to forbear in any respect regarding any of the Loan Documents at any time on or after
January 31, 2007.

The Bank's agreement to forbear hereunder shall be effective only upon the acceptance
and execution of this Letter Agreement on the part of the Borrower, which must occur by 5:00
p.m. (EDT) on Tuesday, October 31, 2006, or this Letter Agreement will be null and void and of
no force or effect.  The Borrower's execution of this Letter Agreement shall constitute the
Borrower's acknowledgement of the defaults described in paragraph (i) above and the Bank's
rights and remedies resulting therefrom, and shall further constitute the Borrower's acceptance of
and agreement to all of the terms and provisions of this Letter Agreement.

In consideration of the Bank's agreements set forth in this Letter Agreement, the
Borrower hereby:  (i) releases, quits and forever discharges the Bank and its affiliates, officers,
directors, agents (including, without limitation, its legal representatives), successors and assigns
(collectively, the "Bank Affiliates") of and from any and all actions, causes of action, claims,
demands, damages and liabilities of whatever kind and nature, known and unknown, which the
Borrower now has, claims or asserts, or might or could hereafter have, claim or assert, against the
Bank or any of the Bank Affiliates, arising or alleged to arise from any act, omission or neglect of
the Bank or any Bank Affiliate up to and including the date of this Letter Agreement, with respect
to the Loan, the Loan Documents or any transaction related thereto; and (ii) waives any and all
defenses, setoffs or counterclaims, of whatever kind and nature, known and unknown, under or
with respect to the Loan, the Loan Documents or any transaction related thereto and based upon
any act, omission or neglect of the Bank or any Bank affiliate up to and including the date of this
Letter Agreement.  The Borrower acknowledges that this paragraph, together with all other
provisions of this Letter Agreement, is freely and voluntarily made, without any duress or
coercion and after careful review, with the assistance of legal counsel, of all of the terms and
provisions hereof, and further acknowledges and agrees that the release and waiver stated in this
paragraph shall have been fully earned upon the Bank's execution of this Letter Agreement, shall
not be subject to rescission or nullification at any time hereafter due to the occurrence or
nonoccurrence of any subsequent event, and (notwithstanding anything in this Letter Agreement
to the contrary) shall survive the termination of this Letter Agreement and the termination of the
Bank's forbearance hereunder.

[SIGNATURE PAGE FOLLOWS]

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Mainstreet Financial Corporation

October 31, 2006

Page 4

INDEPENDENT BANK SOUTH MICHIGAN

By:  /s/ Cheryl Bartholic                

Name:  Cheryl Bartholic                

Its:  Senior Vice President              

AGREED AND ACCEPTED:

MAINSTREET FINANCIAL CORPORATION

By:  /s/ David L. Hatfield                 

Name:  David L. Hatfield                 

Its:  President

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