Document:

Exhibit 10.11

 

MANAGEMENT
AGREEMENT

MANAGEMENT AGREEMENT, (the “Agreement”), dated
as of October 31, 2004, by and among INSIGHT EQUITY A.P. X, LP, a Texas limited
partnership (the “Partnership”), INSIGHT EQUITY A.P. X COMPANY, LLC, a
Texas limited liability company (the “General Partner”) and INSIGHT
EQUITY VISION MANAGEMENT, LLC, a Texas limited liability company (the “Managing
Agent”).

The Partnership, the General Partner and the Managing
Agent hereby agree as follows:

1.             Definitions

The term “Partnership Agreement” as used herein means
the First Amended and Restated Limited Partnership Agreement of Insight Equity A.P. X, LP, dated as of
October 31, 2004, as amended from time to time. 
Capitalized terms used herein without
definition shall have the meanings ascribed
to them in the Partnership
Agreement.

2.             Engagement

In accordance with Section 9.3 of the Partnership
Agreement the Partnership engages and retains the Managing Agent to provide the
management and related services described below, for the period and on the
terms and conditions set forth herein. 
The Managing Agent hereby accepts such engagement and agrees, for the
period and on the terms and conditions set forth herein, to provide, or to make
satisfactory arrangements for the provision of, such services and to assume the obligations herein set
forth for the compensation provided herein.

3.             Term

The term of this Agreement shall commence on the date
of this Agreement and shall continue for the duration of the Partnership and
until the liquidation or sale of all of the assets thereof, unless earlier
terminated in accordance with the provisions of Section II hereof.

4.             Provision
of Management and Related Services

(a)           Management Services.
The Managing Agent shall provide management services to the Partnership, which
shall include (i) supporting Senior Management in
the operations of the Partnership, (ii) assisting in the analysis, tracking and
preparation of monthly business and financial management and reporting tools
for the Partnership and (iii) recommending members of Senior Management to the
Board of Managers of the General Partner.

(b)           Related Services.
The Managing Agent shall provide such services as are reasonably necessary or
appropriate in relation to the management services it shall provide pursuant to
Section 4(a) hereof, including, without limitation, making arrangements and
handling communications with accountants, attorneys, brokers, banks and other
Persons.

(c)           Limitation on
Services.  Except as otherwise
provided in the Partnership Agreement, the Managing Agent shall in no event
have the power to, and shall not, perform for

 

or on behalf
of the Partnership any act required to be taken by the General Partner under
the Partnership Agreement.

5.             Independent
Contractor

The Managing Agent shall for all purposes herein be
deemed to be an independent contractor and shall, unless otherwise expressly
provided or authorized by the Partnership, have no authority to act for or
represent the Partnership in any way, execute any transaction on behalf of the
Partnership or otherwise be deemed an agent of the Partnership.

6.             Costs
and Expenses

(a)           Expenses of the
Partnership. The Partnership shall pay or shall reimburse the Managing
Agent for all reasonable expenses paid or incurred on behalf of the Partnership
including, without limitation, all fees and expenses incurred in connection
with causing the performance of any legal, tax advisory, tax compliance,
consulting, bookkeeping and audit services for the Partnership, all insurance
and indemnification expenses as set forth in Section 8 hereof, and all travel,
business development and other expenses reasonably related to the business of
the Partnership or its subsidiaries; provided, however, that the
Managing Agent shall not be entitled to reimbursement for third-party expenses
to the extent such expenses relate to services which either the General Partner
or the Managing Agent is required or reasonably expected to provide under this
Agreement or the Partnership Agreement, as applicable, to the Partnership using internal resources.

(b)           Expenses of the
Managing Agent. The Managing Agent shall pay all of its own ordinary
administrative and overhead expenses, including office space, office supplies
and equipment and compensation and employee benefits for its employees.

7.             Management
Fee

In consideration of the services to be provided to the
Partnership by the Managing Agent, the Partnership stall pay to the Managing
Agent the Management Pee described in Section 9.3(b) of the Partnership
Agreement.

8.             Exculpation;
Indemnification

(a)           Unless
otherwise required by law, none of the Managing Agent or any Insight
Representatives, nor any entity controlled by them, nor any officer, director,
stockholder, partner, principal, member or employee of any of the foregoing
(including any former officer, director, stockholder, partner, principal, member
or employee) (each such entity or person referred to herein as a “Covered
Person”) shall have any liability to the Partnership or to any Partner for
any loss suffered by the Partnership or any Partner which arises out of any act
or omission or alleged act or omission of the Covered Person lithe Covered
Person acted in good faith and if such course of conduct did not constitute
willful malfeasance, gross negligence or reckless conduct of, or a knowing
violation of the Law by, the Covered Person. Each Covered Person shall be
indemnified by the Partnership against any losses, judgments, liabilities,
claims, damages, costs, expenses (including reasonable legal fees and other
expenses actually incurred in investigation or defending against any such
losses, judgments, liabilities or claims and expenses

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actually incurred enforcing this Agreement) and amounts paid in
settlement of any claim (approved in advance and in good faith by the General
Partner, which approval shall not be unreasonably withheld, conditioned or
delayed) sustained by any of them by reason of any act or omission or alleged
act or omission in connection with the activities of the Partnership (including
any subsidiaries thereof) unless there is a final judicial determination by a
court of competent jurisdiction to which all rights of appeal have been
exhausted or expired that the same were the result of willful malfeasance,
gross negligence or reckless conduct on the part of, or a knowing violation of
the Law by, the Covered Person.  The
Covered Person may rely in good faith upon the advice of legal counsel.  The foregoing indemnification obligation,
including the exceptions thereto, shall also apply to any act or omission and
alleged act or omission by a Covered Person who is or was an officer or
director or who is or was in any other position of the General Partner,
partnership or any subsidiary thereof at the request of the Partnership of the
Managing Agent.  The Covered Person shall
use reasonable efforts to obtain indemnification from all other reasonably
available sources before seeking indemnification from the Partnership.

(b)           To the extent available
on commercially reasonable terms, the Managing Agent may purchase, at the
Partnership’s expense, insurance (including without limitation, liability
insurance policies and errors and omissions policies) to cover any liabilities
covered by this Section 8 in such amount and with such deductibles as the
Managing Agent may determine in its reasonable discretion; provided, however,
that the failure to obtain such insurance shall not affect the right to
indemnification of any Covered Person. Any such insurance may extend beyond the
termination of the Partnership for a commercially reasonable period. The
Partnership shall be subrogated to the Covered Person’s rights under such
indemnification or insurance. If any Covered Person recovers any amounts in
respect of any such liabilities from insurance coverage or any third party
source, then such Covered Person shall, to the extent that such recovery is
duplicative, reimburse the Partnership for any amounts previously paid to it by
the Partnership in respect of such liabilities. The Partnership shall not incur
the cost of that portion of any insurance, other than public liability
insurance, which insures any party against any liability the indemnification of
which is herein prohibited.

(c)           The right of
indemnification hereby provided shall not be exclusive of, and shall not affect
any other rights to which any Covered Person may be entitled.  Nothing contained in this Section 8 shall
limit any lawful rights to indemnification existing independently of this
Section 8.

(d)           The indemnification
rights provided by this Section 8 shall inure to the benefit of the heirs,
executors, administrators, successors and assigns of each Covered Person.

(e)           The provisions of this
Section 8 shall continue to afford protection to each Covered Person regardless
of whether such Covered Person remains in the position or capacity pursuant to
which such Covered Person became entitled to indemnification under this Section
8 and regardless of any subsequent amendment to this Agreement; provided,
however, that no such amendment shall reduce or restrict the extent to
which the indemnification provisions of this Section 8 apply to actions taken
or omissions made or alleged actions taken or omissions made prior to the date
of such amendment.

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(f)            The provisions of this
Section 8 shall survive the termination of this Agreement and the dissolution
and termination of the Partnership.

9.             Non-Exclusivity

The Managing Agent and any partner, office; manager,
member, shareholder, consultant, director, principal, employee or other
affiliate of the Managing Agent, specifically excluding the General Partner (“Participating
Persons”) may now and at any time and from time to time hereafter provide
management services and/or act as a managing agent to any Person which may or
may not have objectives which are the same or similar to those of the
Partnership, and the performance of any such management or other services shall
not in any manner be restricted or otherwise affected by any aspect of any
relationship of the Managing Agent to or with the Partnership or be deemed to
violate or give rise to any duty or obligation of the Managing Agent to the
Partnership.

10.           Risk
Acknowledgment

The Managing Agent does not guarantee the future
performance of the Partnership, any specific level of performance of the
Partnership or the success of any management strategy the Management Agent may
employ from time to time pursuant to the terms of this Agreement.

11.           Termination

(a)           This Agreement may be
terminated at any time, without the payment of any penalty, by the Partnership
for cause. As used herein, the term “cause” shall mean any action or omission
by the Managing Agent which constitutes material fraud, deceit, or a wrongful
taking against the Partnership or the General Partner or any intentional
disclosure of the Partnership’s or the General Partner’s confidential
information or trade secrets that materially banns the Partnership or the
General Partner or the indictment of the Managing Agent for a felony, in each
case as reasonably determined by the Board of Managers of the General Partner
(other than any members of such board that are Affiliates of the Managing
Agent).

(b)           This Agreement may be
terminated at any time, without the payment of any penalty, by the Managing
Agent on thirty (30) days’ prior written notice to the Partnership.

12.           Notices

All notices, requests, consents and other
communications under this Agreement shall be in writing and shall be deemed to
have been delivered on the date personally delivered, telecopied, or on the
date mailed, postage prepaid, by certified mail, return receipt requested, or
by overnight delivery service if addressed to the respective parties as
follows:

If to the
Partnership

INSIGHT EQUITY A.P. X
COMPANY, LLC

1400 Civic Place

Suite 250

Southlake, TX  76092

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Attention:  Theodore W. Beneski

 

If to the Managing
Agent:

INSIGHT EQUITY VISION
MANAGEMENT, LLC

1400 Civic Place

Suite 250

Southlake, TX  76092

Attention:  Theodore W. Beneski

13.           Assignment

This Agreement may not be assigned by either party
hereto without the prior written consent of the other party provided, however,
that without the consent of the Partnership or the General Partner, the
Managing Agent may assign all or any part of its rights and obligations under
this Agreement to any partnership, corporation, limited liability company or
other entity controlled by Theodore W. Beneski.

14.           Amendment
of Agreement

This Agreement may be amended only by a writing
executed by all parties hereto.

15.           Amendment
of Partnership Agreement

Neither the Partnership nor the General Partner shall
agree to any amendments of the Partnership Agreement that would in any manner
affect the duties, obligations or rights of the Managing Agent without the
Managing Agent’s prior written consent.

16.           GOVERNING
LAW

THIS AGREEMENT SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF TEXAS APPLICABLE TO
AGREEMENTS MADE AND TO BE
PERFORMED ENTIRELY WITHIN SUCH STATE.

17.           No
Third Party Rights

Except for rights expressly granted hereunder to
Insight Representatives and Covered Persons pursuant to Section 8, this
Agreement is intended solely for the benefit of the parties hereto and is not
intended to confer any benefits upon, or create any rights in favor of, any
Person other than the parties hereto.

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

 

	
  

  	
  PARTNERSHIP:

  
	
   

  	
   

  	
   

  
	
   

  	
  INSIGHT EQUITY A.P. X, LP

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  INSIGHT EQUITY A.P. X. COMPANY,

  
	
   

  	
   

  	
  LLC, its general partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ross Gatlin

  	
   

  
	
   

  	
   

  	
  Ross Gatlin

  
	
   

  	
   

  	
  Chief
  Restructuring Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  GENERAL PARTNER:

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ross Gatlin

  	
   

  
	
   

  	
   

  	
  Ross Gatlin

  
	
   

  	
   

  	
  Chief
  Restructuring Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  MANAGING AGENT:

  
	
   

  	
   

  
	
   

  	
  INSIGHT EQUITY VISION MANAGEMENT,

  LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ross Gatlin

  	
   

  
	
   

  	
   

  	
  Ross Gatlin

  
	
  

  	
   

  	
  Chief Restructuring Officer

  

 

 6Exhibit 10.12

WAIVER AND FIRST AMENDMENT TO

AMENDED AND RESTATED REVOLVING CREDIT,

TERM LOAN AND SECURITY AGREEMENT

This WAIVER AND FIRST AMENDMENT TO AMENDED AND
RESTATED REVOLVING CREDIT, TERM LOAN AND SECURITY AGREEMENT (this “Amendment”)
is made and entered into as of May 25, 2006 but, unless otherwise specified,
effective for all purposes as of December 1, 2005 (the “Effective Date”)
among INSIGHT EQUITY A.P. X, LP, a Texas limited partnership (“Borrower”),
INSIGHT EQUITY A.P. X ASIA, LLC, a Delaware limited liability company (“Asia
LLC”), PT. VISION-EASE ASIA, an investment company organized under the laws
of the Republic of Indonesia (“Vision-Ease Asia”), INSIGHT EQUITY A.P. X
CANADA, LLC, a Delaware limited liability company (“Canada LLC”),
INSIGHT EQUITY A.P. X CANADA PARTNERS, LP, a Texas limited partnership (“Canada
LP”), VISION-EASE CANADA CO., an unlimited company organized under the laws
of the Province of Nova Scotia, Canada and successor in interest by
amalgamation to Vision-Ease Canada, Ltd. (“Vision-Ease Canada”), VISION
EASE LENS EUROPE LIMITED, a company limited by shares registered in England and
Wales (“Vision-Ease Europe”), VISION-EASE LENS LIMITED, a company
limited by shares registered in England and Wales (“Vision-Ease Lens”),
INSIGHT EQUITY A.P. X COMPANY, LLC, a Texas limited liability company and the
general partner of Borrower (“General Partner”), the financial
institutions which are now or which hereafter become a party hereto
(collectively, “Lenders” and individually a “Lender”) and PNC
BANK, NATIONAL ASSOCIATION (“PNC”), as agent for Lenders (PNC and its
successors and assigns in such capacity, “Agent”).

R E C I TAL S:

A.            Pursuant
to that certain Amended and Restated Revolving Credit, Term Loan and Security
Agreement dated as of December 1, 2005, by and among Borrower, Asia LLC,
Vision-Ease Asia, Canada LLC, Canada LP, Vision-Ease Canada, Vision-Ease
Europe, Vision-Ease Lens, General Partner, Lenders and Agent (the “Agreement”),
Lenders extended certain credit facilities to Borrower.

B.            Borrower
and the Loan Parties have requested that the Agreement be amended in certain
respects, and Agent and Lenders are willing to comply with such request subject
to the terms and provisions of this Amendment.

C             Pursuant
to Section 9.7 of the Agreement, Borrower was required to furnish to
Agent financial statements for the fiscal year ended December 31, 2005, and
certain other documents related thereto. 
Borrower failed to timely deliver such financial statements and related
documents and such failure constitutes an Event of Default pursuant to Section
10.3 of the Agreement.  Borrower and
the Loan Parties have requested that Agent and Lenders waive such Event of
Default and permit Borrower to furnish such financial statements and related
documents on or prior to June 15, 2006.

NOW, THEREFORE, in consideration of the mutual
covenants and agreements contained herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto hereby agree as follows:

 

ARTICLE 1

DEFINITIONS

Section 1.1             Terms
Defined.  Unless otherwise defined in
this Amendment, each capitalized term used in this Amendment has the meaning
given to such term in the Agreement (as amended by this Amendment).

ARTICLE 2

AMENDMENTS

Section 2.1             Amendments
to Agreement.  Subject to the
conditions set forth in Article 4 of this Amendment, the Agreement is
hereby amended as follows:

(a)           Amendment to Definition of “EBITDA”.  Effective as of the Effective Date, the
definition of the term “EBITDA” in Section 1.2 of the Agreement
is hereby amended and restated to read in its entirety as follows:

“EBITDA” shall mean, for any period and without
duplication, the sum of (a) Earnings Before Interest and Taxes for such period,
plus (b) depreciation expenses of Borrower and its consolidated
Subsidiaries for such period, plus (c) amortization expenses of Borrower
and its consolidated Subsidiaries for such period, plus (d) if and to
the extent that such management fee expenses have been deducted for purposes of
determining Earnings Before Interest and Taxes, management fee expenses of
Borrower, to the extent permitted under Section 7.7 hereof, for such
period, plus (e) if and to the extent not already included in clause
(c) above, fees, commissions and charges payable on the Closing Date under
this Agreement, the Fee Letter or the Term Loans B Credit Agreement and fees
previously amortized that are required to be expensed due to this amendment and
restatement of the Existing Agreement; provided,  however, that
EBITDA for each of the months of November 2004 through and including October
2005 shall be the amounts for such month set forth on Schedule 1.2(c)
hereto.

(b)           Amendment to Definition of “Fixed
Charge Coverage Ratio”.  Effective as
of the Effective Date, the definition of the term “Fixed Charge Coverage
Ratio” in Section 1.2 of the Agreement is hereby amended and
restated to read in its entirety as follows:

“Fixed Charge Coverage Ratio” shall mean and
include, with respect to any fiscal period, the ratio of (a) (i) EBITDA minus
(ii) Capital Expenditures actually paid in cash (and not financed) by Borrower
and its consolidated Subsidiaries during such fiscal period minus (iii)
all cash taxes paid or payable by Borrower and its consolidated Subsidiaries
during such fiscal period, minus (iv) all dividends and/or distributions
(but excluding the payment, on or before the Closing Date, of accrued dividends
on the issued and outstanding Class A-1 Preferred Partnership Rights of
Borrower in an aggregate amount not to exceed $600,821.92 and accrued dividends
on, and the redemption price of, the issued and outstanding Class A-2 Preferred
Partnership Rights of Borrower in an

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aggregate amount not to
exceed $2,000,000.00 and $12,500,000.00, respectively) paid pursuant to Section
7.7 hereof or otherwise to (b) all Senior Debt Payments, other than
mandatory prepayments of principal based upon Excess Cash Flow required
pursuant to Section 2.14(b), plus all Subordinated Debt Payments,
in each case paid or payable during such fiscal period; provided, however,
that, for purposes of Section 6.5 hereof and the calculation of the Fixed
Charge Coverage Ratio for any four fiscal quarter period ending on or before
September 30, 2005, all components of the Fixed Charge Coverage Ratio shall be
determined in accordance with Section 6.5.

(c)           Amendment to Definition of
Tangible Net Worth.  Effective as of
the Effective Date, the definition of the term “Tangible Net Worth” in Section
1.2 of the Agreement is hereby amended and restated to read in its entirety
as follows:

“Tangible Net Worth” shall mean, at a
particular date and without duplication, (a) the aggregate amount of all assets
of Borrower and its consolidated Subsidiaries as may be properly classified as
such in accordance with GAAP consistently applied excluding such assets as are
properly classified as intangible assets under GAAP, plus (b) intangible assets
acquired or created on or before December 1, 2005, less (c) the
aggregate amount of all liabilities of Borrower and its consolidated
Subsidiaries as may be properly classified as such in accordance with GAAP, plus
(d) the sum of (i) the aggregate amount of the prepayment fees or penalties
paid by Borrower to the holders of the Subordinated Loans in connection with
the prepayment of the Subordinated Loans, provided that such amount shall not
exceed $720,000, (ii) the aggregate amount of Borrower’s costs associated with
the closing of the Existing Agreement which were required to be expensed by
Borrower in connection with the execution of this Agreement (as on amendment
and restatement of the Existing Agreement), provided that such amount shall not
exceed $859,000, and (iii) Permitted Tax Payments made and permitted to be made
in accordance with Section 7.7(b) of this Agreement; provided, however,
that for purposes of clause (c) preceding, liabilities consisting of the
Warrants shall be excluded.

ARTICLE 3

WAIVER

Section 3.1             Waiver.  Notwithstanding anything to the contrary
contained in the Agreement or any Other Document, Lenders hereby waive the
Event of Default that occurred as a result of Borrower’s failure to timely
furnish to Agent financial statements of Borrower and its consolidated
Subsidiaries for the fiscal year ended December 31, 2005 and other documents
required to be delivered therewith, all as required by Section 9.7 of
the Agreement, and Lenders hereby agree that delivery of such financial
statements and such other documents on or before June 15, 2006 is hereby
consented to and shall not constitute a violation of Section 9.7 of the
Agreement or an Event of Default under the Agreement or an event of default
under any Other Document.

Section 3.2             Limitation
of Waiver.  The waiver and consent
set forth in Section 3.1 of this Amendment shall be limited strictly as
written and shall not be deemed a waiver of, or a

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consent to noncompliance with, any term or provision of the Agreement
or any Other Document except as expressly set forth in Section 3.1 of
this Amendment.

ARTICLE 4

CONDITIONS
PRECEDENT

Section 4.1             Conditions
Precedent.  The effectiveness of this
Amendment is subject to the satisfaction of each of the following conditions
precedent:

(a)           Agent shall have received all of the
following in form and substance satisfactory to Agent:

(i)            Amendment Documents.  This Amendment and any other instrument,
document or certificate reasonably required by Agent to be executed or
delivered by Borrower or any other Loan party in connection with this
Amendment, duly executed by all parties thereto (the “Amendment Documents”);

(ii)           Amendment to Term Loans B Credit
Agreement.  An amendment to the Term
Loans B Credit Agreement which is substantially similar to this Amendment; and

(iii)          Additional Information.  Such additional agreements, documents,
instruments and information as Agent or its legal counsel, Jenkens &
Gilchrist, a Professional Corporation, may reasonably request to effect the
transactions contemplated hereby.

(b)           The representations and warranties
contained herein and in the Agreement and all Other Documents, as amended
hereby, shall be true and correct in all material respects as of the date
hereof as if made again on and as of the date hereof (except to the extent that
such representations and warranties were expressly, in the Agreement or such
Other Documents, made only in reference to a specific date).

Section 4.2             Satisfaction.  In the event that any of the conditions
precedent set forth in Section 4.1 are not fully and timely satisfied,
this Amendment (including all terms and provisions hereof) shall be of no force
or effect as if this Amendment were never executed; provided, however,
that Agent and Required Lenders may, in their sale discretion, waive any of
such conditions precedent at any time.

ARTICLE 5

MISCELLANEOUS

Section 5.1             Representations
and Warranties.  Borrower and each
Loan Party hereby jointly and severally represent and warrant to Agent and
Lenders that, as of the date of and after giving effect to this Amendment, (a)
the execution, delivery and performance of this Amendment and any and all other
Amendment Documents executed and/or delivered in connection herewith have been
authorized by all requisite action on the part of Borrower or any Loan Party
and will

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not violate Borrower’s or any Loan Party’s organizational documents,
(b) the term “Other Documents” as defined in the Agreement and as used in the
Agreement or any of the Other Documents includes, without limitation, the
Amendment Documents, (c) all representations and warranties set forth in the
Agreement and in the Other Documents are true and correct in all material
respects as if made again on and as of such date (except to the extent that
such representations and warranties were expressly made only in reference to a
specific date), (d) no Default has occurred and is continuing, and (e) the Agreement
and the Other Documents (as amended by this Amendment) are and remain legal,
valid, binding and enforceable obligations of Borrower and/or the Loan Parties,
as applicable.

Section 5.2             Governing
Law.  THIS AMENDMENT SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS
APPLIED TO CONTRACTS TO BE PERFORMED WHOLLY WITHIN THE STATE OF TEXAS.

Section 5.3             Counterparts.  This Amendment may be executed in any number
of counterparts, all of which when taken together shall constitute one
agreement, and any of the parties hereto may execute this Amendment by signing
any such counterpart.  Any signature
delivered by a party by facsimile transmission shall be deemed to be an
original signature hereto.

Section 5.4             No Oral
Agreements.  THIS AMENDMENT, TOGETHER
WITH THE AGREEMENT AND THE OTHER DOCUMENTS AS WRITTEN, REPRESENT THE FINAL
AGREEMENTS BETWEEN AND AMONG THE PARTIES HERETO AND MAY NOT BE CONTRADICTED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS
BETWEEN OR AMONG (A) BORROWER, (B) ANY LOAN PARTY, (C) AGENT AND/OR (D) ANY
LENDER.

Section 5.5             Agreement
Remains in Effect; No Waiver.  Except
as expressly provided herein, all terms and provisions of Agreement and the
Other Documents shall remain unchanged and in full force and effect and are
hereby ratified and confirmed.  No waiver
by Agent or any Lender of any Default or Event of Default shall be deemed to be
a waiver of any other Default or Event of Default.  No delay or omission by Agent or any Lender
in exercising any power, right or remedy shall impair such power, right or
remedy or be construed as a waiver thereof or an acquiescence therein, and no
single or partial exercise of any such power, right or remedy shall preclude
other or further exercise thereof or the exercise of any other power, right or
remedy under the Agreement, the Other Documents or otherwise.

Section 5.6             Survival
of Representations and Warranties. 
All representations and warranties made in this Amendment or any Other
Document shall survive the execution and delivery of this Amendment and the
Other Documents, and no investigation by Agent or any Lender or any closing
shall affect the representations and warranties or the right of Agent or any
Lender to rely upon them.

Section 5.7             Reference
to Agreement.  Each of the Agreement
and the Other Documents and any and all other agreements, documents or
instruments now or hereafter executed and/or delivered pursuant to the terms
hereof or pursuant to the terms of the Agreement

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as amended
hereby, are hereby amended so that any reference in such Agreement or Other
Documents to the Agreement shall mean a reference to the Agreement as amended
hereby.

Section 5.8             Severability.  Any provision of this Amendment held by a
court of competent jurisdiction to be invalid or unenforceable shall not impair
or invalidate the remainder of this Amendment and the effect thereof shall be
confirmed to the provision so held to be invalid or unenforceable.

Section 5.9             Successors
and Assigns.  This Amendment is
binding upon and shall inure to the benefit of Agent, Lenders, Borrower, the
other Loan Parties and their respective successors and assigns, except that
neither Borrower nor any other Loan Party may assign or transfer any of its
rights or obligations hereunder without the prior written consent of Agent and
Lenders.

Section 5.10           Headings.  The headings, captions and arrangements used
in this Amendment are for convenience only and shall not affect the
interpretation of this Amendment.

Section 5.11           Consent.  Each Loan Party, as a Guarantor of the
Obligations, hereby consents to Borrower, Agent and Lenders entering into this
Amendment and agrees that (a) the Other Documents to which such Loan Party is a
party shall remain in full force and effect and shall continue to be the legal,
valid and binding obligations of such Loan Party enforceable against it in
accordance with their respective terms and are hereby ratified and confirmed in
all respects, and (b) the indebtedness, liabilities and obligations secured,
guaranteed and/or evidenced by the Other Documents to which such Loan Party is
a party include, without limitation, all “Obligations” as such term is defined
in the Agreement as amended by this Amendment and as such “Obligations” may be
increased or modified directly or indirectly as a result of or in connection
with this Amendment.

[Signature Page Follows]

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IN WITNESS
WHEREOF, Borrower, the Loan Parties, Agent and Lenders have caused this
Amendment to be executed and delivered by their duly authorized officers
effective as of the date first above written.

	
  

  	
  BORROWER:

  
	
   

  	
   

  	
   

  
	
   

  	
  INSIGHT EQUITY A.P. X, LP

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Insight Equity A.P. X Company, LLC

  
	
   

  	
  Title:

  	
  General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Ross Gatlin

  
	
   

  	
   

  	
   

  	
  Name: Ross Gatlin

  
	
   

  	
   

  	
   

  	
  Title: CRO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ADDITIONAL LOAN PARTIES:

  
	
   

  	
   

  
	
   

  	
  INSIGHT EQUITY A.P. X ASIA, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ross Gatlin

  
	
   

  	
   

  	
  Name: Ross
  Gatlin

  
	
   

  	
   

  	
  Title: CRO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  PT. VISION-EASE ASIA

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ross Gatlin

  
	
   

  	
   

  	
  Name: Ross
  Gatlin

  
	
   

  	
   

  	
  Title: Commissioner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  INSIGHT EQUITY A.P. X CANADA, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ross Gatlin

  
	
   

  	
   

  	
  Name: Ross Gatlin

  
	
   

  	
   

  	
  Title: CRO

  
					

 

 7
 

 

 

	
  

  	
  INSIGHT EQUITY A.P. X CANADA

  PARTNERS, LP

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Insight Equity A.P. X Canada, LLC

  
	
   

  	
  Title:

  	
  General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Ross Gatlin

  
	
   

  	
   

  	
   

  	
  Name: Ross
  Gatlin

  
	
   

  	
   

  	
   

  	
  Title: CRO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  VISION-EASE CANADA CO.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ross Gatlin

  
	
   

  	
   

  	
  Name: Ross
  Gatlin

  
	
   

  	
   

  	
  Title: CRO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  VISION EASE LENS EUROPE LIMITED

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard G. Faber

  
	
   

  	
   

  	
  Name: Richard G.
  Faber

  
	
   

  	
   

  	
  Title: Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  VISION-EASE LENS LIMITED

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard G. Faber

  
	
   

  	
   

  	
  Name: Richard G.
  Faber

  
	
   

  	
   

  	
  Title: Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  INSIGHT EQUITY A.P. X COMPANY, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ross Gatlin

  
	
   

  	
   

  	
  Name: Ross
  Gatlin

  
	
   

  	
   

  	
  Title: CRO

  
						

 

 8
 

 

 

	
  

  	
  AGENT AND A LENDER:

  
	
   

  	
   

  
	
   

  	
  PNC BANK, NATIONAL ASSOCIATION, as Agent and a
  Lender

  
	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Wattinger

  
	
   

  	
   

  	
  Name: John
  Wattinger

  
	
   

  	
   

  	
  Title: Vice
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  FIFTH THIRD BANK,

  as a Lender

  
	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Daniel J. Curry

  
	
   

  	
   

  	
  Name: Daniel J.
  Curry

  
	
   

  	
   

  	
  Title: Vice
  President

  

 

 9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}]]