Document:

Exhibit 10.2

 

CONSULTING AGREEMENT

 

THIS CONSULTING AGREEMENT (“Agreement”) is
made and entered into as of the 29th day of January, 2006 between Intrado Inc.,
a Delaware corporation (the “Company”) and Larry Jennings (“Executive”),
collectively the “Parties.”

 

WHEREAS, Executive has served since 1999 as the
Company’s Chief Operating Officer and acquired substantial knowledge,
information and skills related to the Company that are crucial for its future
success over the course of his employment with the Company and its predecessors;
and

 

WHEREAS, the Company deems it in its best interests
to secure an arrangement whereby the Company may utilize the Executive’s knowledge,
information and skills after the Executive’s termination from employment with
the Company by engaging Executive to provide consulting services to the Company,
and Executive desires to be engaged by Company pursuant to the terms of this Agreement;

 

NOW THEREFORE, in consideration of the foregoing,
the mutual covenants set forth herein and for other good and valuable
consideration, the sufficiency of which is hereby acknowledged, the Parties
hereby agree as follows:

 

1.                                       Engagement.

 

1.1.                              During the “Term,” as defined in Section 2 below, and following
the termination of Executive’s employment with the Company, Company agrees to
engage Executive to provide to the Company the “Consulting Services” as
defined, and under the conditions set forth, in “Exhibit A”, attached
hereto and incorporated by reference herein; and Executive accepts such
engagement. Subject to any applicable covenant not to compete that may govern
Executive’s relationship with Company, the Consulting Services shall be
non-exclusive as to both Company and Executive, and Executive shall be free to
provide the same or similar consulting services for third parties.

 

1.2                                 Executive shall perform his duties and
responsibilities professionally, to the best of his abilities, and in a
diligent manner. Executive agrees that during the Term (as defined below) he
will not enter into any agreement, understanding or relationship that would
prohibit his performance of the Consulting Services. In performing his duties
hereunder, Executive shall comply with applicable law and the Company’s Code of
Conduct and Business Ethics.

 

1.3                                 The Parties acknowledge and agree that
Executive shall be an independent contractor and not an employee of the
Company.  If Executive determines that it
is appropriate to carry his own professional liability insurance, she shall be
responsible for maintaining and paying for such insurance.  Executive shall be solely responsible for
payment of his own income and other taxes. 
Executive shall provide his own equipment and supplies.  Subject to the provisions set forth in Exhibit A,
the Parties agree that Company shall not have a right to direct or control
generally when, how, in what sequence, or where Executive performs his work
hereunder, although Company shall keep Executive reasonably informed of the
underlying purposes for which the work is being done.  Executive shall have sole discretion with
respect to the location and other aspects of his physical work
environment.  Subject to the provisions
set forth in Exhibit A, Executive will schedule his own time in the
satisfaction of his obligations hereunder but will make all reasonable efforts
to make himself available for Company-related meetings and deadlines that are
time-sensitive. Company shall provide Executive with reasonable administrative
support from a location determined in Company’s sole discretion.

 

2.                                       Term of Agreement. The term of this Agreement shall commence on
the first day following the effective termination date of Executive’s
employment and shall continue for twelve (12) months from said termination date,
except as may be otherwise terminated earlier as provided in Section 4 of
this Agreement (the “Term”).  This
Agreement shall be renewed for an additional twelve (12) months, unless either
party provides written notice to the 

 

 

other
party of an intent not to renew the Agreement which notice shall be delivered at
least thirty (30) days prior to the expiration of the Agreement.

 

3.                                       Compensation and Related Matters.

 

3.1                                 Compensation.  During
the Term, Company shall pay to Executive a monthly fee of nine thousand, two dollars
($9,200) (“Consulting Fee”).  The
Consulting Fee shall be paid in arrears, payable on the first day of each month
of the Term.

 

3.2                                 Expenses. Company shall, within thirty (30) days of its receipt of a request
for reimbursement made by Executive, pay Executive for all out-of-pocket
expenses related to the provision of the Consulting Services that are actually
paid or incurred by Executive.  Executive
agrees to comply with Company’s policies in this regard.  Company shall pay Executive’s expenses in
advance where reasonably practicable including, by way of example only, airfare
related to approved travel.

 

4.                                       Termination. Executive’s engagement hereunder may be terminated under the
following circumstances:

 

4.1                                 Death. Executive’s engagement hereunder shall terminate upon his death.

 

4.2                                 Disability. If Executive becomes physically or mentally disabled during the Term
such that he is unable to provide the Consulting Services for a period of six (6) consecutive
months in any twelve (12) month period (a ‘Disability”), Company, at its
option, may suspend the compensation described in Section 3.1 above until
such time as Executive is able to provide the Consulting Services, at which
time, said payments would be reinstated for the remainder of the Term, if any.

 

4.3                                 By the Company. Upon written notice, and the failure to
cure any alleged breach within thirty (30) days of such notice, Company may
terminate Executive’s engagement hereunder only for Cause
(as defined below). For purposes of this Agreement, Company shall have “Cause”
to terminate Executive’s engagement hereunder only upon the: (a) willful
misconduct or gross or persistent negligence in the discharge of Executive’s
duties as a consultant which is materially injurious to the financial condition
of Intrado; (b) breach of either the Nondisclosure Agreement executed by
and between the Parties or the Amended and Restated Non-Competition Agreement
executed by and between the Company and Executive on December 31, 2005 (“Non-Compete
Agreement”); (c) commission of an act of dishonesty that is reasonably expected
to be materially injurious to the financial condition of Intrado; (d) willful
or knowing violation of any rules or regulations of any governmental or
regulatory body, which is or is reasonably expected to be materially injurious
to the financial condition of Intrado; or (e) conviction of, or plea of
guilty or nolo contendere to, a
felony.

 

4.4                                 By Executive.  Executive
may terminate upon a breach of any material provision of this Agreement by
Company, which breach shall not have been cured by Company within thirty (30)
days of receipt of written notice of said breach.

 

5.                                       Confidentiality.  Executive
agrees that, during the Term of this Agreement and for any subsequent periods
expressly included in the binding Nondisclosure Agreement executed by and between
the Parties, and following the termination of this Agreement, by the Non-Compete
Agreement, Executive will not use, disclose or otherwise communicate to any
third party any specialized knowledge or other trade secret of the Company, its
predecessors and/or successors, as defined in such Nondisclosure Agreement
and/or the Non-Compete Agreement, both of which are incorporated herein by
reference and shall be controlling in the event of any inconsistency with this
Agreement.

 

6.                                       Tangible Items. All files, records, documents, manuals,
books, forms, reports, memoranda, studies, data, calculations, recordings and
correspondence, in whatever form they may exist, and all copies, abstracts and
summaries of the foregoing and all physical items related to the business of
Company and its affiliates, other than merely personal items, whether of a
public nature or not, and whether prepared by Executive or not, and which are
received by Executive from, or on behalf of Company or an Affiliate, or created
by Executive, in the course of his engagement hereunder are and shall remain
the exclusive property of Company and any such Affiliate.  No such items shall be removed from premises
of the Company or such Affiliate, as the case may be, except as required in 

 

2

 

the
course of Executive’s engagement hereunder, and except with the prior written
consent of the Company’s Chief Executive Officer or his authorized designee.

 

7.                                       Trade Secrets, Inventions and Patents. Executive agrees that all trade secrets, inventions,
innovations, ideas, concepts, improvements, developments, methods, designs,
analyses, drawings, reports, and all similar or related information that are
strictly contemplated as part of the Consulting Services and that relate to the
actual or anticipated business, services, research and development of Company
or any of its Affiliates or existing or future products or services of Company
or any of its Affiliates, tangible or intangible, and that are conceived,
developed or made by, or at the direction of, Executive while engaged by
Company, and all rights to the results and proceeds of any thereof and all now
known and hereafter existing rights of every kind and nature throughout the
universe, in perpetuity and in all languages, pertaining to such results and
proceeds and all elements thereof for all now known and hereafter existing
uses, media and form will be owned exclusively by Company; and the foregoing is
inclusive of a full irrevocable and perpetual assignment to Company. Executive
agrees to execute at any time upon the Company’s request such further documents
or do such other acts (whether before, during or after the Term) as may be
required to evidence and/or confirm the Company’s ownership of any or all of
the foregoing. The termination, completion or breach of this Agreement for any
reason and by either party shall not affect the Company’s exclusive ownership
of any or all of the foregoing. 
Notwithstanding the foregoing, the Company agrees that it shall have none
of the above rights, title or interests in or to any intellectual property that
falls outside the scope of this Agreement, and Company hereby waives any and all
claims thereto. Executive reserves all right, title and interest in such
separate intellectual property.

 

8.                                       Executive Representations.  Executive
hereby represents and warrants to the Company that: (a) during the term of
this Agreement, Executive shall be obligated to comply with the terms and
conditions imposed by the Amended and Restated Non-Competition Agreement
between the Executive and the Company, a copy of which is attached hereto and
incorporated by reference herein; (b) the execution, delivery and
performance of this Agreement by Executive will not conflict with, breach,
violate or cause a default under any employment, non-competition or
confidentiality contract or agreement; instrument; order, judgment or decree to
which Executive is a party or by which he is bound, and (c) upon the
execution and delivery of this Agreement by Company, this Agreement shall be
the valid and binding obligation of Executive, enforceable in accordance with
its terms, subject to applicable bankruptcy, insolvency and similar laws
affecting the rights of creditor generally.

 

9.                                       Company Representations. Company represents and warrants (a) that
it is duly authorized and empowered to enter into this Agreement, (b) the
execution, delivery and performance of this Agreement by Company does not and
will not conflict with, breach, violate or cause a default under any contract,
agreement, instrument, order, judgment or decree to which Company is a party or
by which it is bound, and (c) upon the execution and delivery of this
Agreement by Executive, this Agreement shall be the valid and binding
obligation of Company, enforceable in accordance with its terms, subject to
applicable bankruptcy, insolvency and similar laws affecting the rights of
creditor generally.

 

10                                    Notices. For the purposes of this Agreement, notices, demands and all other
communications provided for in the Agreement shall be in writing and shall be
deemed to have been duly given when received if delivered in person or by
overnight courier or if mailed by United States registered mail, return receipt
requested, postage prepaid, to the following addresses:

 

If to Executive:

Larry Jennings

4446 St. John’s Ave

Boulder, CO 80301

 

If to Company:

Intrado Inc.

1601 Dry Creek Drive

Longmont, Colorado 80503

Attn: General Counsel

Copy to: Chief Financial Officer

Fax No.: (720) 494-6600

 

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Either
party may change its address for notices by written notice to the other party
in accordance with this Section.

 

11.                                 General
Provisions.

 

(a)                                  Severability.  It is the desire and intent of the parties
hereto that the provisions of this Agreement be enforced to the fullest extent
permissible under the laws and public policies applied in each jurisdiction in
which enforcement is sought. 
Accordingly, if any particular provision of this Agreement shall be
adjudicated by a court of competent jurisdiction to be invalid, prohibited or
unenforceable for any reason, such provision, as to such jurisdiction, shall be
ineffective, without invalidating the remaining provisions of this Agreement or
affecting the validity or enforceability of this Agreement or affecting the
validity or enforceability of such provision in any other jurisdiction.  Notwithstanding the foregoing, if such
provision could be more narrowly drawn so as not to be invalid, prohibited or
unenforceable in such jurisdiction, it shall, as to such jurisdiction, be so
narrowly drawn, without invalidating the remaining provisions of this Agreement
or affecting the validity or enforceability of such provision in any other
jurisdiction.

 

(b)                                 Complete
Agreement.  This Agreement, along with
the Nondisclosure Agreement and the Non-Compete Agreement expressly referred to
and incorporated herein, embody the complete agreement and understanding among
the parties and supersede and preempt any prior understandings, agreements or
representations by or among the parties, written or oral, which may have
related to the subject matter hereof.

 

(c)                                  Successors
and Assigns.  Except as otherwise
provided herein, this Agreement shall bind and inure to the benefit of and be
enforceable by Executive and the Company and their respective successors,
assigns, heirs, representatives and estate; provided, however, that the rights
and obligations of Executive under this Agreement shall not be assigned without
the prior written consent of the Company. 
The Company may assign this Consulting Agreement and its rights,
together with its obligations hereunder, in connection with any sale, transfer
or other disposition of all or substantially all of its assets or business,
whether by merger, consolidation or otherwise; provided, however, that the
purchaser or successor expressly assumes the provisions of this Agreement or
becomes liable under this Agreement by operation of law.

 

(d)                                 Governing
Law.  This Agreement will be governed
by and construed in accordance with the laws of the State of Colorado without
giving effect to any choice of law or conflicting provision or rule that
would cause the laws of any jurisdiction other than the State of Colorado to be
applied.

 

(e)                                  Arbitration.  Except as provide in subparagraph
(iv), below, all disputes or controversies arising out of or relating to this
Agreement, Executive’s engagement as a consultant with Intrado, or the
termination or cancellation of such engagement or this Agreement, including
without limitation any claim by Executive under any federal, state or local law
or statute, shall be resolved by final and binding arbitration in Denver,
Colorado in accordance with the following provisions:

 

(i)                                     Because Intrado operates in interstate commerce, the
Federal Arbitration Act, 9 U.S.C. § 101 et seq.,
shall govern the arbitration, which shall be conducted pursuant to the
then-prevailing rules of the American Arbitration Association (AAA) and
its Employment Dispute Resolution Procedures.

 

(ii)                                  The Arbitrator may permit limited discovery and any
discovery disputes shall be resolved in favor of expeditious and cost-effective
resolution of the dispute.  Following the
hearing, the Arbitrator shall render a reasoned decision within thirty (30) days,
or as soon thereafter as is administratively practicable.  The decision of the Arbitrator, which may
include equitable relief (but not punitive damages), shall be final and binding
on the parties and judgment upon the decision may be entered in any court of
competent jurisdiction pursuant to the Federal Arbitration Act.

 

(iii)                               If Executive substantially prevails in any
arbitration, Executive shall be entitled to receive its reasonable attorneys’
fees, reasonable expert and non-expert witness costs and expenses, and other
costs and expenses reasonably incurred in connection with the arbitration
(together “Fees”) from the Company; provided, however, that the arbitrator
shall not award any Fees for time spent on 

 

4

 

any claim or defense on which Executive did not substantially prevail.

 

(iv)                              Notwithstanding the foregoing provisions of this Section 11,
the following claims shall not be subject to arbitration:  actions for temporary injunctive relief to
enforce the provisions of Sections 5 hereof or to otherwise prevent unfair
competition or the use or disclosure of trade secrets or confidential
information pending a decision on any such claims by the Arbitrator - it being
the express intention of this provision to allow court proceedings for temporary
injunctive relief to preserve the status quo pending arbitration of such
claims.

 

(f)                                    Amendment
and Waiver.  The provisions of this
Agreement may be amended and waived only with the prior written consent of the
Company and Executive, and no course of conduct or failure or delay in
enforcing the provisions of this Agreement shall affect the validity, binding
effect or enforceability of this Agreement or any provision hereof.

 

(g)                                 Headings.  The section headings contained in this
Agreement are for reference purposes only and shall not affect in any way the
meaning or interpretation of this Agreement.

 

(h)                                 Gender;
Number.  Words of gender may be read
as masculine, feminine, or neuter, as required by context.  Words of number may be read as singular or
plural, as required by context.

 

(i)                                     Counterparts.  This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original and all of which
together shall constitute one and the same instrument.

 

(j)                                     Survival.  The provisions of Sections 3,5,6,7, 8, 9, 10,
and 11 shall survive the termination of this Agreement.

 

(k)                                  Excused
Performance.  Except as is otherwise
provided in Section II-E of Exhibit A, neither Party will be deemed
in default nor will be responsible for delays or failures in performance
resulting from acts beyond the reasonable control of such Party.  Such acts will include, but not be limited
to, acts of God, strikes, lockouts, riots, acts of war, epidemics, governmental
action or inaction, trade embargoes, fire, failures of suppliers,
unavailability of labor, materials, power, communication line failures,
earthquakes, or other disasters.

 

[Signature page follows.]

 

5

 

IN WITNESS WHEREOF, each of the parties hereto has
executed this Agreement as of the day and year first written above.

 

 

INTRADO
INC.

 

 

	
  /s/ George Heinrichs

  	
   

  
	
  By:

  	
  George Heinrichs

  
	
   

  	
  Chief Executive Officer

  
	
   

  
	
   

  
	
  EXECUTIVE

  
	
   

  
	
   

  
	
  /s/ Larry Jennings

  	
   

  
	
  Larry Jennings

  
			

 

6

 

EXHIBIT A – CONSULTING
SERVICES

 

Executive
shall advise and consult with the Company on the following matters and under
the following conditions during the Term (“Consulting Services”):

 

I.  Scope.

 

A.  The scope
of the Consulting Services shall be limited to any operational matter pertinent
to the Company as of the date of Executive’s termination of employment from the
Company.  Executive shall not be
responsible for advising or consulting on operational matters that pertain to
the Company’s prospective business, measured as of the date of Executive’s
termination of employment.   Specifically,
Executive shall not be responsible for providing Consulting Service in
connection with any new customers, partners or vendors (i.e., not in place at
the time of termination of employment).  Unless
Executive otherwise consents, Consulting Services shall be rendered to the
Company directly, and Executive shall not be responsible for providing
Consulting Services in the presence of any third parties.  Executive shall not be responsible for acting
as Company’s agent.

 

B.  Consulting
Services do not include Executive’s services that are in the nature of an “expert
witness,” including but not limited to appearance at any tribunal as the
Company’s witness or the sworn or other written testimony or similar
attestation in connection with a customer contract or an employment matter (“Expert
Services”).

 

II.  Allotted Hours For
Consulting Services & Other Conditions.

 

A.  Executive shall
be available to perform the Consulting Services a total of not more than twenty
(20) hours per month during the Term.

 

B.  There
shall be no “carry over” of hours month to month (i.e., this is a “use or lose”
arrangement).  Any number of allotted
hours in a given month that Company does not make use of under the terms of
this Agreement shall be deemed waived by Company.

 

C.  In the
event Executive is asked, and agrees, to provide Expert Services, Executive may
elect either of the following options as form of compensation therefore:

 

(1) An expert witness
fee in the form of either a flat fee or an hourly rate to be determined by
Executive; or

 

(2) A reduction in the
number of hours for Consulting Services (as set forth in Subparagraph A above)
which reduction shall be based on the fee Executive sets for his Expert
Services (as opposed to the hourly rate for Consulting Services); or

 

(3) A combination of
both (1) and (2) above; but in no case shall the value of this option
in Subparagraph (3) exceed the maximum benefit to Executive that would
otherwise be due in connection with either (1) or (2) above.

 

D.  Company
shall provide not less than five business days notice to Executive in advance
of the date and time on which Executive is asked to perform any given Consulting
Services.  Absent Executive’s consent,
the Consulting Services shall be performed telephonically, and Executive shall
not be required to personally appear at any particular physical location.

 

E.  Within
forty-five (45) days after termination of Executive’s employment with the
Company, and on each anniversary of that date during the Term, Executive shall
provide to Company an annual schedule of the dates on which Executive will
not be available to perform Consulting Services as a result of vacations,
holidays and the like; and absent Executive’s consent, Executive shall not be
responsible for performing Consulting Services on such dates.  The total of days in a given annual period
will not be substantially different than the number of days Executive was typically
unavailable (for vacation, holidays, etc.) as an 

 

7

 

employee. 
Executive shall be allowed to amend such annual schedules in the event
that the Executive encounters unexpected circumstances which, in Executive’s reasonable
judgment, make it necessary to delete a date or dates (“Executive Modification”),
or where Executive’s performance is excused as provided in Section 11(k)
of the Agreement (“Forced Modification”), provided, however, that,
with respect to an Executive Modification: 
(a) no such changes in the schedule shall be allowed if doing
so would materially prejudice the Company; and (b) the Executive shall
provide reasonable advance notice to the Company which notice, absent exigent
circumstances, shall be delivered to Company not less than five (5) calendar
days prior to the date on which performance was scheduled, and shall state the
reason for such modification.  With
respect to a Forced Modification, Executive shall notify Company as soon as
reasonably practicable following Executive’s knowledge that the force majeur circumstance will prevent his
availability.  With respect to either an
Executive Modification or a Forced Modification, Executive shall promptly provide
Company with a revised schedule confirming the date or dates being deleted,
or excused as the case may be, along with the date or dates that Executive shall
be available for performance.

 

8Exhibit
10.3.3

 

SECOND
FORBEARANCE AGREEMENT AND

GLOBAL AMENDMENT TO CREDIT DOCUMENTS

 

This SECOND FORBEARANCE AGREEMENT AND GLOBAL AMENDMENT
TO CREDIT DOCUMENTS (the “Agreement”) is entered into as of this 24th
day of January, 2006 by and among TRC COMPANIES, INC., together with its
Subsidiaries signatory hereto (each, a “Borrower” and collectively, the “Borrowers”),
WACHOVIA BANK, NATIONAL ASSOCIATION, as Agent (the “Agent”) and the LENDERS
identified on the signature pages hereof (each, a “Lender” and collectively,
the “Lenders”).

 

BACKGROUND

 

A.                                   The
Borrowers, the Agent and the Lenders are parties to a certain Amended And
Restated Revolving Credit Agreement dated as of March 31, 2004 (as amended,
supplemented and/or modified from time to time, the “Credit Agreement”)
pursuant to which the Lenders agreed to make certain credit accommodations
available to the Borrowers upon the terms and conditions specified in the
Credit Agreement.  All terms capitalized
but not otherwise defined herein shall have the meanings ascribed to them in
the Credit Agreement.

 

B.                                     Events
of Default have occurred under the Credit Agreement as a result of:  (i) the Borrowers’ failure to deliver annual, audited
financial statements for the fiscal year ending June 30, 2005 in accordance
with § 7.02(a) of the Credit Agreement; (ii) the Borrowers’ failure to provide
quarterly financial statements for the quarter ending June 30, 2005 in
accordance with § 7.02(c) of the Credit Agreement; (iii) the Borrowers’ failure
to provide annual projections in accordance with § 7.02(d) of the Credit
Agreement; (iv) the Borrowers’ failure to provide the Compliance Certificate
required to be delivered in accordance with the annual and quarterly financial
statements in accordance with § 7.03 of the Credit Agreement; (v) the Borrowers’
violation of one or more of the financial covenants contained in §§ 8.07
through 8.10 of the Credit Agreement for the period ending as of June 30, 2005;
(vi) the Borrowers’ violation of one or more of the financial covenants contained
in §§ 8.07 through 8.10 of the Credit Agreement for the periods ending as of
September 30, 2005; (vii) the Borrowers’ violation of one or more of the
financial covenants contained in §§ 8.07 through 8.10 of the Credit Agreement
for the periods ending as of December 31, 2005; (viii) the Borrowers’ financial
reporting control deficiencies and other accounting revaluations with respect
to certain Exit Strategy contracts which may require restatements of previously
provided financial statements; (ix) the Borrowers’ divestiture of Centurion Solutions LLC without the
consent of the Lenders in violation of § 8.04 of the Credit Agreement; and (x)
the Borrowers’ failure to pay Indebtedness owing to various parties in
connection with the acquisition of Pacland in violation of § 9.01(iii) of the
Credit Agreement (collectively, the “Existing Defaults”).

 

C.                                     On
or about November 2, 2005, the Borrowers and the Lenders entered into that
certain Forbearance Agreement And Global Amendment To Credit Documents pursuant
to which, among other things, the Lenders agreed to a limited forbearance with
respect to the Existing Defaults identified therein.

 

D.                                    The
Borrowers have requested the Lenders to continue to forbear from exercising
their rights and remedies under the Credit Documents for a limited period of
time. Subject to the terms and conditions contained herein, the Lenders have
agreed to the Borrowers’ request.

 

 

NOW, THEREFORE, incorporating the Background Section
herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and intending to be legally bound
hereby, the parties hereby agree as follows:

 

A.                                   Acknowledgments by Borrowers.  To induce the Lenders to enter into this
Agreement, each Borrower acknowledges, agrees, warrants, and represents that:

 

1.                                       Acknowledgment
of Existing Defaults; Loans; Collateral; Waiver of Claims: (a) the Existing
Defaults currently exist, constitute Events of Default under the Credit
Agreement, are material in nature and have not and cannot be cured; (b) as a
result of the Existing Defaults, the Borrowers may not request LIBOR Loans and
the Agent and the Lenders are entitled to accelerate the Obligations and
exercise all rights and remedies available to the Agent and the Lenders under
the Credit Agreement; (d) the Credit Documents are valid and enforceable
against, and all of the terms and conditions of the Credit Documents are
binding on, each of the Borrowers; (e) the liens and security interests granted
by each of the Borrowers to the Agent for the benefit of the Lenders pursuant
to the Credit Documents are valid, legal and binding and properly recorded or
filed and perfected, first priority security interests and constitute
collateral for all of the Obligations; and (d) each of the Borrowers hereby
waives any and all defenses, set-offs and counterclaims which it may have or
claim to have against the Agent and the Lenders as of the date hereof on
account of all matters set forth in the Credit Documents.

 

2.                                       Acknowledgment
of Liabilities: as of January 23, 2006, the Borrowers are jointly and
severally indebted under the Credit Agreement (in addition to all fees, costs,
and other amounts recoverable thereunder), all without offset, counterclaim, or
defense of any kind for: (i) outstanding principal under the Revolving Credit
Facility of $59,800,000.00; (ii) accrued and unpaid interest under the
Revolving Credit Facility of $347,515.28, and (iii) attorneys’ fees and other
fees and costs as allowable under the Credit Agreement.

 

3.                                       Adequate
Representation:  the Borrowers have
been represented by legal counsel of their choice and are fully aware of the
terms contained in this Agreement and have voluntarily, without coercion or
duress of any kind, entered into this Agreement and the other documents
executed in connection therewith.

 

B.                                     Forbearance by Lenders. 
Without waiving the Existing Defaults or the Lenders’ rights and
remedies with respect thereto, and subject to the terms and conditions set
forth herein, the Credit Documents, and the documents executed in connection
with this Agreement, the Agent and the Lenders agree to continue to make Loans
under the Revolving Credit Facility up to the Maximum Available Revolving
Credit Amount (as amended herein) and further agree to forbear in the exercise
of their rights and remedies under the Credit Documents until the earlier of
(i) July 15, 2006 or the (ii) occurrence of an Event of Default (other than the
Existing Defaults) under the Credit Documents or this Agreement (the “Termination
Date”).  The period from the date of this
Agreement to the Termination Date shall be referred to as the “Forbearance
Period”.

 

C.                                     Representations and Warranties.  To induce the Agent and the Lenders to enter
into this Agreement, each Borrower makes the following representations and
warranties to the Agent and the Lenders, each and all of which shall survive
the execution and delivery of this Agreement:

 

2

 

1.                                       All
organizational action by each Borrower and its respective officers necessary
for the due authorization, execution, delivery and performance of this
Agreement or any agreement executed, delivered or performed in connection
therewith have been taken.

 

2.                                       Each
person executing the Agreement or any agreement executed in connection
therewith on behalf of a Borrower is an authorized officer of such Borrower and
is duly authorized by such Borrower to execute same.

 

3.                                       This
Agreement is, and each other document executed by each Borrower pursuant hereto
will be the legal, valid and binding obligation of such Borrower, enforceable
against such Borrower in accordance with their respective terms, subject only
to bankruptcy, insolvency, reorganization, moratorium or other laws or
equitable principles affecting creditors’ rights generally.

 

4.                                       Each
Borrower is in compliance in all material respects with all laws (including all
applicable environmental laws), regulations, and requirements applicable to its
business and has not received, and has no knowledge of, any order or notice of
any governmental investigation or of any violation or claim of violation of any
law, regulation or other governmental requirement which would have a material
adverse effect upon its business operations or financial condition.

 

5.                                       The
execution, delivery and performance of this Agreement does not and will not:
(i) conflict with, violate or result in a material breach of any provision
of any applicable law, rule, regulation or order; or (ii) conflict or
result in a breach of any provision of organizational documents of any
Borrower.  No authorization, consent or
approval or other action by, and no notice of or filing with, any governmental
authority or regulatory bodies are required to be obtained or made by any
Borrower for the due execution, delivery and performance of this Agreement.

 

6.                                       Other
than the Existing Defaults, each Borrower is in full compliance with all of the
covenants and conditions of the Credit Agreement and the Credit Documents.

 

7.                                       Other
than the Existing Defaults, no default or Event of Default has occurred under
the Credit Documents and no event has occurred which, with the passage of time,
the giving of notice, or both, would result in a default or Event of Default
under the Credit Agreement or under any of the other Credit Documents.

 

8.                                       The
execution, delivery and performance of this Agreement does not and will not
conflict with, violate or result in a breach of any provision of any agreement
relating to any Indebtedness of any Borrower.

 

9.                                       Attached
hereto, and incorporated by reference as Exhibit “A” is a true, complete and
correct listing of the Joint Ventures to which any Borrower is currently a
party (collectively, the “Joint Ventures”).

 

3

 

D.                                    Amendments to Credit Documents

 

1.                                       The
definition of “Commitment” in the Credit Agreement is supplemented by adding
the following sentence at the end of the existing definition to read as
follows:  “Each Lender’s commitment shall
automatically reduce concurrently with the reduction of the Maximum Available
Revolving Credit Amount so as to maintain the Pro Rata Share of each Lender as
provided on Schedule A to the Credit Agreement.”

 

2.                                       The
definition of “Maximum Available Revolving Credit Amount” is amended and
restated in its entirety to read as follows:

 

“Maximum Available
Revolving Credit Amount” shall mean the maximum amount of Loans and Letters of
Credit permitted to be outstanding as of the following dates:

 

	
  Date

  	
   

  	
  Maximum Available 

  Revolving Credit Amount

  	
   

  
	
  January 25, 2006
  – February 27, 2006

  	
   

  	
   

  	
  $

  	
  62,000,000.00

  	
   

  
	
  February 28,
  2006 – March 30, 2006

  	
   

  	
   

  	
  $

  	
  61,600,000.00

  	
   

  
	
  March 31, 2006 –
  April 29, 2006

  	
   

  	
   

  	
  $

  	
  61,200,000.00

  	
   

  
	
  April 30, 2006 –
  May 30, 2006

  	
   

  	
   

  	
  $

  	
  60,800,000.00

  	
   

  
	
  May 31, 2006 –
  June 29, 2006

  	
   

  	
   

  	
  $

  	
  60,400,000.00

  	
   

  
	
  June 30, 2006
  and thereafter

  	
   

  	
   

  	
  $

  	
  60,000,000.00

  	
   

  

 

less any reduction to said Maximum Available Revolving
Credit Amount pursuant to Section 2.04 hereof or any reductions required under
the Second Forbearance Agreement And Global Amendment To Credit Documents dated
as of January 24, 2006, but subject to increase in accordance with Section 2.17
hereof.”

 

3.                                       Section
9.01(xiv) of the Credit Agreement is hereby amended and restated in its
entirety to read as follows:

 

“(xiv)                   Cross-Default.  The occurrence of an Event of Default under that
certain Forbearance Agreement and Global Amendment to Credit Documents dated as
of November 2, 2005 or that certain Second Forbearance Agreement and Global
Amendment to Credit Documents dated as of January 24, 2006;”

 

E.                                      Forbearance Covenants.  The Borrowers, jointly and severally, covenant
and agree from and after the date hereof, and until satisfaction of the
Obligations, to do the following:

 

1.                                       Execution of Other
Documents.  At the Agent’s request, the
Borrowers shall execute and deliver or cause to be delivered to Agent and/or
file with the appropriate offices, such documents, pleadings, instruments,
agreements, financing statements, amendments and/or other things deemed
necessary by the Agent, in its sole discretion, to implement the

 

4

 

substance and intent of this Agreement, the
Credit Documents, and the other documents executed in connection herewith or
therewith.

 

2.                                       Access.  The Borrowers shall provide the Agent and its
consultant (provided that such consultant executes a mutually acceptable
confidentiality agreement) with full and complete access to all financial
books, records and files (whether such information is stored on any computer or
disk) upon reasonable prior notice and during normal business hours to, among
other things, verify cash receipts, collateral levels, and results of
operations and such access may not unduly interfere with the day-to-day
operations of the Borrower.  All fees and
expenses incurred by the Agent and its consultant in connection with the
foregoing shall be paid or reimbursed by the Borrowers as submitted by the
Agent prior to the Termination Date.

 

3.                                       Use of Cash or Other
Proceeds.  From and after the date hereof,
no Borrower shall make any loans to any employee, shareholder, officer or
director of the Borrowers or use any cash or other proceeds from the Borrowers’
businesses to pay any personal expenses of any employee, shareholder, officer
or director of the Borrowers, or any expenses of any nature whatsoever of any
affiliated entity or person, except for the reimbursement of legitimate
business expenses or expenses required to be paid by the Borrowers under
employment agreements with Richard Ellison and/or Christopher Vincze (in an
amount not to exceed $10,000 annually for each individual).

 

4.                                       No Additional Liens or
Indebtedness or Distributions or Asset Sales.  Other
than as consented to by the Required Lenders, no Borrower shall:

 

(a)
become an obligor or guarantor with respect to any Indebtedness owed to any
entity other than: (i) the Indebtedness owed to the Lenders; or (ii) current
liabilities of the Borrowers incurred in the ordinary course of business not
incurred through (A) the borrowing of money or (B) the obtaining of credit
except for credit on an open account basis customarily extended and in fact
extended in connection with normal purchases of goods and services;

 

(b)
pledge any of its assets to any entity or allow, voluntary or involuntary, any
liens or security interests to attach to any of their respective assets other
than (i) liens and security interests in favor of the Agent and (ii) liens of
carriers, warehousemen, mechanics and materialmen in existence less than one
hundred and twenty (120) days from the date of creation thereof in respect of
obligations not overdue;

 

(c)
except with respect to the redemption of stock with stock or declaration of a
dividend in stock, declare or pay any cash dividend or make any distributions
to holders of any shares of stock or, directly or indirectly, redeem or
otherwise acquire any such shares or any option, warrant or right to acquire
any such shares;

 

(d)
become a party to a merger, consolidation, or acquisition; or

 

(e)
sell or otherwise dispose of any of its assets, including all or any part of
any Borrower’s operating divisions.

 

To the extent this provision is inconsistent with
Sections 8.01, 8.02, 8.04, 8.06, 8.12 or any other section of the Credit
Agreement, this provision shall control.

 

5

 

5.                                       [Reserved]

 

6.                                       Financial Reporting

 

a.                                       Cash Flow Budget/Flash
Report.  On or before January 17, 2006 and on each
successive Tuesday thereafter, the Borrowers shall provide to the Lenders a
rolling 13 week cash flow statement, as reviewed and approved by Glass &
Associates (the “Consultant”) and in form and substance satisfactory to the
Required Lenders, projecting operations and collections, on a weekly basis and
comparing actual to budgeted results of operation for all prior periods;

 

b.                                      Backlog Report.  On or before January 30, 2006 and the 30th
day after the close of each month, the Borrowers shall provide to the Lenders a
monthly backlog schedule (the first schedule of which shall be as of December
31, 2005);

 

c.                                       Bi-Weekly Report.  On or before January 17, 2006 and each
successive second Tuesday thereafter, the Borrowers shall provide to the
Lenders a status report (approved by the Consultant) on various restructuring
and operating initiatives including but not limited to: (i) new business
generated by the Borrowers since the previously provided report;  (ii) the implementation and results of the
DSO reduction initiative; (iii) the integration of the Borrowers eastern and
western operations and the conversions related to the same; and (iv) the status
of the settlement negotiations related to the Pacific Land Design transaction;

 

d.                                      Periodic Financial
Reporting.  On or before January 18, 2006
(for the month ending November 30, 2005) and the 40th day after the
close of each month, the Borrowers shall deliver the Lenders consolidated and
consolidating statement of operations and balance sheets and consolidated cash
flows, all in reasonable detail and prepared in accordance with GAAP (certified
as required by § 7.02(b) of the Credit Agreement) and approved by the Consultant
which fairly present the financial condition of the Borrowers as of the close
of the immediately preceding month.  The
Borrowers shall otherwise timely deliver the quarterly consolidating and
consolidated financial reports required under § 7.02(b) and (c) of the Credit
Agreement; and

 

e.                                       Other Items.  The Borrowers shall deliver to the Lenders
such other reports, documents or the like that are reasonably requested during
the Forbearance Period, including but not limited to, borrowing base certifications,
in a form to be prepared by the Lenders upon the completion of the Boston field
audit examination, with such frequency and with such supporting documentation
as reasonably required by the Required Lenders.

 

7.                                       Interest/Payments.

 

a.                                       On and after November
1, 2005, the Loans shall bear interest at the Default Rate, and the Borrowers
shall not be entitled to request or receive LIBOR Loans;

 

b.                                      The Borrower shall pay
to the Agent all payments required under the Notes as and when due;

 

6

 

c.                                       Upon any sale or
disposition of any assets owned by the Borrowers, the Borrowers shall remit
100% of the proceeds received on account of such sale or disposition (less any
normal and actual fees, expenses and taxes incurred and directly payable from
such sale or disposition) to the Agent for the payment to the Lenders which
shall be applied to the unpaid principal balance of the Loans and shall
permanently reduce the Maximum Available Revolving Credit Amount; and

 

d.                                      On June 30, 2006, the Borrowers shall pay the
Agent a fee in the amount of $425,000 (for the ratable benefit of the Lenders
executing the Second Forbearance Agreement) which will be fully earned on June
30, 2006 which shall be deemed part of the Obligations; provided however, that
such fee shall be waived if, on or before June 30, 2006, the Loans and the
Maximum Available Revolving Credit Amount have been permanently reduced to an
amount equal to or less than $50,000,000.00.

 

8.                                       Loan Document Covenants.  The Borrowers shall otherwise comply with all
other covenants contained in the Credit Documents, including, but not limited
to, all financial deliveries required thereunder, in form and substance and in
sufficient detail satisfactory to the Required Lenders.

 

9.                                       Conditions Subsequent. The Borrowers shall
use their reasonable best efforts to:

 

a.                                       deliver a certificate evidencing the ownership for
each of the Subsidiaries of TRC (and a stock power executed in blank therefor),
on or before January 31, 2006;

 

b.                                      deliver a Collateral Assignment of each Joint
Venture Agreement to which any Borrower is a party on or before January 31,
2006

 

c.                                       obtain assignments (in
accordance with the Federal Assignment of Claims Act and any state equivalent)
for any contracts with any government (or quasi-government) entities on or
before March 31, 2006; and

 

b.                                      obtain account control
agreements with respect to the Bank Accounts, except for insignificant bank
accounts to be reasonably determined by the Required Lenders after identification
by the Borrowers on or before March 31, 2006.

 

10.                                 SEC Filings and Press Releases. As soon as possible prior to filing or
release, the Borrowers shall deliver to the Lenders drafts of all documents to
be filed with the Security and Exchange Commission (the “SEC”) (including all
Forms 10-K, 8-K and 10-Q) (the “SEC Documents”) and all press releases to be
issued to the press (the “Press Releases”) and contemporaneously with the
filing of any SEC Documents or the issuance of any Press Releases, the Borrowers
shall deliver to the Lenders such SEC Documents and Press Releases.

 

11.                                 Fiscal Year End 2005
10K and Financial Statements.  On or before
March 15, 2006, the Borrowers shall have filed with the SEC and delivered to
the Lenders their Form 10K for Fiscal Year End 2005 accompanied by financial
statements for such period, and such financial statements shall present fairly
the financial condition of the Borrowers as of the close

 

7

 

of such year and
the results of its operations and its cash flows during such year, in
accordance with GAAP, and shall be audited and accompanied by the unqualified
opinion, satisfactory in form and substance to the Required Lenders, of an
independent public accounting firm acceptable to the Required Lenders.  On or before March 31, 2006, the Borrowers shall
have filed with the SEC and delivered to the Lenders their Form 10Q for Fiscal
Quarter End September 30, 2005 accompanied by financial statements for
such period, and such financial statements shall present fairly the financial
condition of the Borrowers as of the close of such period and the results of
its operations and its cash flows during such period, in accordance with GAAP.

 

12.                                 Investment
Banker.  Unless waived in writing by
the Required Lenders, on or before April 15, 2006, the Borrowers shall retain an investment
banker acceptable to the Required Lenders (the “Investment Banker”) on terms
and conditions satisfactory to the Required Lenders.  Such retention shall authorize the Investment
Banker, on behalf of the Borrowers and its shareholders, to evaluate any
opportunities to raise capital, including through an equity raise and/or
issuance of tranche B or junior financing, and provide periodic reports to the
Lenders and discuss the same with the Lenders.

 

13.                                 Financial
Covenants.  On or before February 15, 2006, the Borrowers and
the Lenders will establish monthly and/or quarterly financial covenants
(including the calculations thereof) which shall be acceptable to the Agent and
the Required Lenders in their sole and absolute discretion (which covenants,
once established, shall be reported to the Agent concurrent with the submission
of the Periodic Financial Reports required hereunder and a quarterly or monthly
Compliance Certificate as required under § 7.03 of the Credit Agreement) and
the failure of the parties to agree to such covenants on or before February 15,
2006 shall be an Event of Default hereunder and the Termination Date shall
immediately occur without any prior or further notice.

 

F.                                      Conditions Precedent to Enforceability of
Agreement.  This Agreement
shall be deemed effective only after the occurrence of the following events:

 

1.                                       The
Borrowers’ execution and delivery to the Agent of this Agreement and each of
the following all in form and substance satisfactory to the Agent;

 

a.                                       a Stock Pledge Agreement or other related
pledge agreement for each of the Subsidiaries of TRC;

 

b.                                      a Mortgage on the real estate owned by CUBIX
Corporation;

 

8

 

c.                                       Resolutions
approved by the Board of Directors or other governing body together with
Secretary and Incumbency Certificates for each of the Borrowers; and

 

d.                                      and
all other agreements, instruments and other documents contemplated hereby or
otherwise requested by the Agent,

 

2.                                       The
Borrowers’ payment to the Agent of a (i) forbearance fee (for the benefit of
the Lenders executing this Agreement) in the amount of $300,000 to be
distributed to the Lenders according to their Pro Rata Share and (ii) a
documentation fee (for the sole benefit of the Agent) in the amount of $25,000,
and such fees shall be deemed part of the Obligations; and

 

3.                                       The
Borrowers’ payment to the Agent of an amount sufficient to cover all of the
Lenders’ costs and expenses to date, including, without limitation, the Lenders’
costs and expenses incurred in connection with the preparation and negotiation
of this Agreement (including the fees and expenses of the Lenders’ counsel)
through the date of this Agreement.

 

G.                                     Unlimited Release by the Borrowers.  Each Borrower, on behalf of itself, and
any person or entity claiming by or through it (collectively referred to as the
“Releasors”), hereby unconditionally remises, releases and forever discharges
the Agent, each Lender and their respective past and present officers,
directors, shareholders, agents, parent corporation, subsidiaries, affiliates,
trustees, administrators, attorneys, predecessors, successors and assigns and
the heirs, executors, administrators, successors and assigns of any such person
or entity, as releasees (collectively referred to as the “Releasees”), of and
from any and all manner of actions, causes of action, suits, debts, dues,
accounts, bonds, covenants, contracts, agreements, promises, warranties, guaranties,
representations, liens, mechanics’ liens, judgments, claims, counterclaims,
cross-claims, defenses and/or demands whatsoever, including claims for
contribution and/or indemnity, whether now known or unknown, past or present,
asserted or unasserted, contingent or liquidated, at law or in equity, or
resulting from any assignment, if any (collectively referred to as “Claims”),
which any of Releasors ever had or now have against any of the Releasees, for
or by reason of any cause, matter or thing whatsoever, arising from the
beginning of time to the date of execution of this Agreement, including, but
not limited to, any and all Claims relating to or arising from the lending
relationship between the Agent, the Lenders and the Borrowers.  Each Borrower warrants and represents that it
has not assigned, pledged, hypothecated and/or otherwise divested itself and/or
encumbered all or any part of the Claims being released hereby and agrees to
indemnify and hold harmless any and all of Releasees against whom any Claim so
assigned, pledged, hypothecated, divested and/or encumbered is asserted.

 

H.                                    Events
of Default.  Each of the
following shall constitute an event of default (“Event of Default”) under this
Agreement:

 

a.                                       Payment.  Failure of any Borrower to pay any amount as
and when due hereunder or under this Agreement.

 

b.                                      Representations and
Warranties.  Any representation or warranty
made by any of the Borrowers in this Agreement shall be false or misleading in
any material respect as of the date made.

 

9

 

c.                                       Covenants.  Failure of any Borrower to observe any
covenant set forth in this Agreement.

 

d.                                      Agreement Invalid.  The validity, binding nature of, or
enforceability of any term or provision of this Agreement is disputed by, on
behalf of, or in the right or name of any Borrower or any material term or
provision of this Agreement is found or declared to be invalid, avoidable, or
unenforceable by any court of competent jurisdiction.

 

e.                                       Cross-Defaults.  The occurrence of a default or event of
default (other than the Existing Defaults) under any of the Credit Documents or
the Side Letter.

 

f.                                         Bankruptcy or
Insolvency of Any Borrower.

 

(1)                                  Any Borrower becomes
insolvent, or generally fails to pay, or is generally unable to pay, or admits
in writing (other than as set forth in financial statements previously provided
to the Lenders) its inability to pay its debts as they become due or applies
for, consents to, or acquiesces in, the appointment of a trustee, receiver or
other custodian, or a substantial part of its property, or makes a general
assignment for the benefit of creditors.

 

(2)                                  Any Borrower commences
any bankruptcy, reorganization, debt arrangement, or other case or proceeding
under any state or federal bankruptcy or insolvency law, or any dissolution or
liquidation proceeding.

 

(3)                                  Any bankruptcy,
reorganization, debt arrangement, or other case or proceeding under any state
or federal bankruptcy or insolvency law, or any dissolution or liquidation
proceeding, is involuntarily commenced against or in respect of any Borrower or
an order for relief is entered in any such proceeding, and any such decree or
order remains in effect for a period of sixty (60) days.

 

(4)                                  A trustee, receiver, or
other custodian is appointed for any Borrower or a substantial part of its
property.

 

g.                                      Material Adverse Change.  A material adverse change occurs in the
financial condition or credit worthiness of any Borrower or with respect to any
of the Collateral, with such determination to be made by the Required Lenders
in their sole and absolute discretion including, but not limited to, any change
or potential change that occurs or which could occur in any Borrower’s
financial condition or assets as a result of any action taken by, or on behalf
of, any creditor or group of creditors of any Borrower.

 

h.                                      Change in
Ownership/Management Structure.  Any change in
the ownership or management structure of the Borrowers that has not been
previously approved, in writing, by the Required Lenders in their sole and
absolute discretion.

 

I.                                         Remedies.  An Event of Default hereunder shall
constitute an Event of Default under the Credit Documents.  An Event of Default under any Credit Document
shall constitute an Event of Default under all of the other Loan
Documents.  Upon the Termination Date,
the Lenders’ obligations hereunder shall terminate, all Obligations shall be
deemed accelerated with no further notice or opportunity to cure, and the
Required Lenders may direct the Agent to

 

10

 

exercise any and all of the remedies set forth
herein, in any of the documents executed in connection herewith, in any of the
Credit Documents and/or under applicable law.

 

J.                                        Miscellaneous.

 

1.                                       Costs
and Expenses.  Whether or not the
transactions contemplated by this Agreement and the other documents to be
executed in connection herewith are fully consummated, the Borrowers shall
promptly pay (or reimburse, as the Agent may elect) all reasonable costs and
expenses which the Lenders have incurred or may hereafter incur in connection
with the reproduction, interpretation, and enforcement of this Agreement, the
collection of all amounts due hereunder and thereunder, and any amendment,
modification, consent or waiver which may be hereafter requested by the
Borrowers or otherwise required.  Such
reasonable costs and expenses shall include, without limitation, the reasonable
fees and disbursements of counsel to the Lenders, searches of public records,
costs of filing and recording documents with public offices, and similar costs
and expenses incurred by the Lenders. 
The Borrowers’ reimbursement obligations under this Section shall
survive any termination of the Credit Agreement and this Agreement.

 

2.                                       Ratification
and Confirmation. The Credit Agreement and the other Credit Documents and
all the other documents executed in connection therewith remain in full force
and effect, and the Borrowers and the Lenders hereby ratify and confirm their
rights, duties and obligations under the Credit Agreement, the Security
Agreement and the Credit Documents, as amended hereby, including, without
limitation, any confession of judgment provisions contained therein.  All Obligations presently or hereafter outstanding
under the Credit Documents shall continue to be secured by the Collateral set
forth therein, and this Agreement does not constitute a novation of the
Loans.  In the event and to the extent of
any conflict between the provisions of this Agreement or the documents executed
in connection with this Agreement and the provisions of the Credit Documents,
the provisions of this Agreement and the documents executed in connection with
this Agreement with respect thereto shall govern.

 

3.                                     No
Waiver.  No failure or delay on the
part of the Agent or the Lenders in the exercise of any right, power or remedy
shall operate as a waiver thereof, nor shall any single or partial exercise of
any right, power or remedy preclude any other or further exercise thereof, or
the exercise of any other right, power or remedy.

 

4.                                       Notices.  Any notice given pursuant to this Agreement,
or pursuant to any other Credit Document shall be in writing, including
telexes, telegrams, telecopies or electronic mail.  Notice given by telegrams, telecopies or
other electronic mail, or by telex, shall be deemed to have been given and
received when sent.  Notice given by
overnight mail courier shall be deemed to have been given and received on the
date delivered by such overnight courier. 
Notice by mail shall be deemed to have been given and received three (3)
days after the date deposited, when sent by certified mail, first class,
postage prepaid, and addressed as follows:

 

11

 

If to
the Borrowers:

 

TRC
Companies, Inc.

Boott
Mills South

116
John Street

Lowell,
MA 01852

Attn:  Christopher Vincze, CEO

Telephone
Number: 978-656-3530

Telecopy
Number: 978-656-3534

Email:  CVincze@trcsolutions.com

 

and

21
Griffin Road North

Windsor,
CT 06095

Attn:  Harold C. Elston, Jr., SVP and CFO

Martin
H. Dodd, Esquire, General Counsel & SVP

Telephone
Number: 860 -298-6206

Telecopy
Number: 860-298-6291

Email:
HElston@trcsolutions.com; MDodd@trcsolutions.com

 

with a
copy to:

 

Paul,
Hastings, Janofsky & Walker LLP

75
East 55th Street

New
York, NY 10022-3205

Attn:  Leslie A. Plaskon, Esquire

Telephone
Number: 212 -318-6421

Telecopy
Number:  212-230-5137

Email:
leslieplaskon@paulhastings.com

 

If to the Lenders (via the Agent):

 

WACHOVIA BANK NATIONAL ASSOCIATION

123 S. Broad Street

17th Floor, PA1246

Philadelphia, PA 19109-1199

Attn:  Patrick
McGovern, Sr. Vice President

Telephone Number: 215-670-6620

Telecopy Number: 
215-670-6645

Email: patrick.mcgovern@wachovia.com

 

12

 

With a copy to:

 

REED SMITH LLP

2500 One Liberty Place

1650 Market Street

Philadelphia, PA 19103-7301

Attention:  Peter
S. Clark II, Esquire

Telephone Number: 215-851-8100

Telecopy Number: 
215-851-1420

Email: pclark@reedsmith.com

 

A party may change its address by giving written notice
of the changed address to the other party, as specified herein.

 

5.                                       Headings.  The headings and underscoring of articles,
sections and clauses have been included herein for convenience only and shall
not be considered in interpreting this Agreement.

 

6.                                       Integration.  This Agreement and the documents referred to,
comprising or relating to this Agreement constitute the sole agreement of the
parties with respect to the subject matter hereof and thereof and supersede all
oral negotiations and prior writings with respect to the subject matter hereof
and thereof.

 

7.                                       Further
Actions.  The Agent, the Lenders and
the Borrowers agree to take such further action to execute and deliver to each
other such additional agreements, instruments and documents as may reasonably
be required to carry out the purposes of this Agreement.

 

8.                                       Governing
Law.  This Agreement shall be
governed and construed in accordance with the laws of the State of New Jersey.

 

9.                                       Amendment
and Waiver.  No amendment of this
Agreement, and no waiver, discharge or termination of any one or more of the
provisions hereof, shall be effective unless set forth in writing and signed by
all of the parties hereto or, with respect to the Lenders, the Required Lenders
if applicable.

 

10.                                 Successors
and Assigns.  This Agreement
(i) shall be binding upon the Agent, the Lenders and the Borrowers, and
upon their respective nominees, successors and assigns, and (ii) shall
inure to the benefit of the Agent, the Lenders and the Borrowers, and to their
respective nominees, successors and assigns, provided that the parties may
assign their rights hereunder or any interest herein only to the extent such
rights and interests may be assigned in accordance with the terms of the Credit
Agreement

 

11.                                 Severability
of Provisions.  Any provision of this
Agreement that is held to be inoperative, unenforceable, void or invalid in any
jurisdiction shall, as to that jurisdiction, be ineffective, unenforceable,
void or invalid without affecting the remaining provisions in that jurisdiction
or the operation, enforceability or validity of that provision in any other
jurisdiction, and to this end the provisions of this Agreement are declared to
be severable.

 

13

 

12.                                 No
Third-Party Beneficiaries.  Notwithstanding
anything to the contrary contained herein, no provision of this Agreement or
any other document executed in connection herewith is intended to benefit any
party other than the signatories hereto nor shall any such provision be
enforceable by any other party.

 

13.                                 Counterparts.  This Agreement may be executed in any number
of counterparts and by the different parties on separate counterparts.  Each such counterpart shall be deemed to be
an original, but all such counterparts shall together constitute one and the
same Agreement.

 

[REMAINDER
OF PAGE LEFT INTENTIONALLY BLANK]

 

14

 

IN WITNESS WHEREOF, and agreeing to be legally bound
hereby, the undersigned have caused this Agreement to be executed by their duly
authorized officers on the date and year first written above.

 

 

	
  TRC COMPANIES, INC.

  	
  TRC ENVIRONMENTAL

  CORPORATION

  
	
   

  	
   

  
	
  By:

  	
  /s/ Christopher P. Vincze

  	
   

  	
  By: 

  	
  /s/ Martin H. Dodd

  	
   

  
	
   

  	
  Name: Christopher P.
  Vincze  

  	
   

  	
  Name: Martin H. Dodd

  
	
   

  	
  Title: Chief Executive
  Officer

  	
   

  	
  Title: Senior Vice
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
  TRC ENGINEERS, INC.

  	
  TRC GARROW ASSOCIATES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By: 

  	
  /s/ Martin H. Dodd 

  	
   

  	
  By: 

  	
  /s/ Martin H. Dodd 

  	
   

  
	
   

  	
  Name: Martin H. Dodd
  

  	
   

  	
  Name: Martin H. Dodd
  

  
	
   

  	
  Title: Vice President and
  Secretary

  	
   

  	
  Title: Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
  TRC MARIAH ASSOCIATES, INC.

  	
  VECTRE CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
  By: 

  	
  /s/ Martin H. Dodd 

  	
   

  	
  By:

  	
  /s/ Martin H. Dodd 

  	
   

  
	
   

  	
  Name: Martin H. Dodd
  

  	
   

  	
  Name: Martin H. Dodd
  

  
	
   

  	
  Title: Vice President and
  Secretary

  	
   

  	
  Title: Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
  TRC SOLUTIONS, INC.

  	
  LOWNEY ASSOCIATES

  
	
   

  	
   

  
	
   

  	
   

  
	
  By: 

  	
  /s/ Martin H. Dodd 

  	
   

  	
  By:

  	
  /s/ Martin H. Dodd 

  	
   

  
	
   

  	
  Name: Martin H. Dodd
  

  	
   

  	
  Name: Martin H. Dodd
  

  
	
   

  	
  Title: Assistant Secretary

  	
   

  	
  Title: Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
  HUNTER ASSOCIATES TEXAS, LTD.

  	
  IMBSEN & ASSOCIATES

  
	
   

  	
   

  
	
   

  	
   

  
	
  By: 

  	
  /s/ Martin H. Dodd 

  	
   

  	
  By:

  	
  /s/ Martin H. Dodd

  	
   

  
	
   

  	
  Name: Martin H. Dodd
  

  	
   

  	
  Name: Martin H. Dodd

  
	
   

  	
  Title: Secretary

  	
   

  	
  Title: Secretary

  
															

 

15

 

	
  ENGINEERED AUTOMATION

  	
  GBF HOLDINGS LLC

  
	
  SYSTEMS, INCORPORATED

  	
  By:

  	
  TRC Companies, Inc.,

  
	
   

  	
   

  	
  Its Managing Member

  
	
  By:

  	
  /s/ Martin H. Dodd

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Martin H. Dodd
  

  	
  By:

  	
  /s/ Martin H. Dodd 

  	
   

  
	
   

  	
  Title: Secretary

  	
   

  	
  Name: Martin H. Dodd
  

  
	
   

  	
   

  	
   

  	
  Title: Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
  PBWO HOLDINGS, LLC

  	
  SITE-BLAUVELT ENGINEERS, INC.

  
	
   

  	
  (Virginia)

  
	
   

  	
   

  
	
  By:

  	
  /s/ Martin H. Dodd

  	
   

  	
  By:

  	
  /s/ Martin H. Dodd

  	
   

  
	
   

  	
  Name: Martin H. Dodd

  	
   

  	
  Name: Martin H. Dodd
  

  
	
   

  	
  Title: Secretary

  	
   

  	
  Title: Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
  HUNTER ASSOCIATES, INC.

  	
  SITE-BLAUVELT ENGINEERS, INC.

  
	
   

  	
  (New Jersey)

  
	
   

  	
   

  
	
  By:

  	
  /s/ Martin H. Dodd 

  	
   

  	
  By:

  	
  /s/ Martin H. Dodd 

  	
   

  
	
   

  	
  Name: Martin H. Dodd
  

  	
   

  	
  Name: Martin H. Dodd
  

  
	
   

  	
  Title: Secretary

  	
   

  	
  Title: Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
  E/PRO ENGINEERING AND

  ENVIRONMENTAL CONSULTING, LLC

  	
  ESSEX ENVIRONMENTAL, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Martin H. Dodd 

  	
   

  
	
  By:

  	
  /s/ Martin H. Dodd

  	
   

  	
   

  	
  Name: Martin H. Dodd
  

  
	
   

  	
  Name: Martin H. Dodd

  	
   

  	
  Title: Secretary

  
	
   

  	
  Title: Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  NEW CENTURY ENGINEERING

  	
  NOVAK ENGINEERING, INC.

  
	
  SUPPORT SERVICES, LLC

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Martin H. Dodd

  	
   

  	
  By:

  	
  /s/ Martin H. Dodd 

  	
   

  
	
   

  	
  Name: Martin H. Dodd

  	
   

  	
  Name: Martin H. Dodd
  

  
	
   

  	
  Title: Secretary

  	
   

  	
  Title: Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
  SITE CONSTRUCTION SERVICES,
  INC.   

  	
  BV ENGINEERING

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Martin H. Dodd

  	
   

  	
  By: 

  	
  /s/ Martin H. Dodd 

  	
   

  
	
   

  	
  Name: Martin H. Dodd

  	
   

  	
  Name: Martin H. Dodd
  

  
	
   

  	
  Title: Secretary

  	
   

  	
  Title: Secretary

  
																	

 

16

 

	
  SITE-BLAUVELT ENGINEERS, INC.   

  	
  TRC RAVIV ASSOCIATES, INC.

  
	
  (New York)

  	
   

  
	
   

  	
   

  
	
  By:

  	
   /s/ Martin H. Dodd

  	
   

  	
  By:

  	
   /s/ Martin H. Dodd 

  	
   

  
	
   

  	
  Name: Martin H. Dodd
  

  	
   

  	
  Name: Martin H. Dodd
  

  
	
   

  	
  Title: Secretary

  	
   

  	
  Title: Secretary

  
	
   

  	
   

  
	
  CUBIX CORPORATION

  	
  EAST CANYON HOLDINGS LLC

  
	
   

  	
  By:

  	
  TRC Companies, Inc.,

  
	
   

  	
   

  	
  Its Managing Member

  
	
  By:

  	
   /s/
  Martin H. Dodd 

  	
   

  	
   

  
	
   

  	
  Name: Martin H. Dodd
  

  	
   

  
	
   

  	
  Title: Secretary

  	
  By:

  	
  /s/ Martin H. Dodd 

  	
   

  
	
   

  	
   

  	
  Name: Martin H. Dodd
  

  
	
   

  	
   

  	
  Title: Secretary

  
	
   

  	
   

  
	
  SGS WITTER, INC.

  	
  SITE-BLAUVELT ENGINEERS

  INTERNATIONAL, LLC 

  
	
   

  	
   

  
	
  By:

  	
  /s/ Martin H. Dodd 

  	
   

  	
   

  
	
   

  	
  Name: Martin H. Dodd
  

  	
  By:

  	
  /s/ Martin H. Dodd 

  	
   

  
	
   

  	
  Title: Secretary

  	
   

  	
  Name: Martin H. Dodd
  

  
	
   

  	
   

  	
  Title: Secretary

  
	
   

  	
   

  
	
  ENVIRONOMICS, INC.

  	
  ENVIRONOMICS TX, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Martin H. Dodd 

  	
   

  	
  By

  	
  /s/ Martin H. Dodd 

  	
   

  
	
   

  	
  Name: Martin H. Dodd
  

  	
   

  	
  Name: Martin H. Dodd
  

  
	
   

  	
  Title: Secretary

  	
   

  	
  Title: Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
  PACIFIC LAND DESIGN, INC. 

  	
  VPOINT 

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Martin H Dodd

  	
   

  	
  By:

  	
  /s/ Martin H. Dodd 

  	
   

  
	
   

  	
  Name: Martin H. Dodd
  

  	
   

  	
  Name: Martin H. Dodd
  

  
	
   

  	
  Title: Secretary

  	
   

  	
  Title: Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
  ENVIRONOMICS SOUTHWEST, LLC

  	
  ENVIRONOMICS WEST, LLC

  
	
  By:

  	
  TRC Companies, Inc.,

  	
   

  
	
   

  	
  Its Managing Member

  	
   

  
	
   

  	
  By:

  	
  /s/ Martin H. Dodd 

  	
   

  
	
  By:

  	
  /s/ Martin H. Dodd

  	
   

  	
   

  	
  Name: Martin H. Dodd
  

  
	
   

  	
  Name: Martin H. Dodd

  	
   

  	
  Title: Secretary

  
	
   

  	
  Title: Secretary

  	
   

  
													

 

17

 

	
  PACIFIC LAND DESIGN-

  ROSEVILLE, INC.  

  	
  WILLIS ENGINEERING, INC. 

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Martin H. Dodd

  	
   

  
	
  By:

  	
  /s/ Martin H. Dodd

  	
   

  	
   

  	
  Name: Martin H. Dodd
  

  
	
   

  	
  Name: Martin H. Dodd
  

  	
   

  	
  Title: Secretary

  
	
   

  	
  Title: Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  ECON CAPITAL, LP

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Martin H. Dodd

  	
   

  	
   

  
	
   

  	
  Name: Martin H Dodd

  	
   

  
	
   

  	
  Title: Assistant Secretary

  	
   

  
									

 

18

 

	
   

  	
  THE AGENT:

  
	
   

  	
   

  
	
   

  	
  WACHOVIA BANK, NATIONAL
  ASSOCIATION

  (formerly known as First Union National Bank),  

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Patrick McGovern 

  	
   

  
	
   

  	
  Name: Patrick McGovern

  
	
   

  	
  Title: Senior Vice
  President

  
	
   

  	
   

  
	
   

  	
  THE LENDERS:

  
	
   

  	
   

  
	
   

  	
  WACHOVIA BANK, NATIONAL
  ASSOCIATION

  (formerly known as First Union National Bank),

  Individually

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Patrick McGovern

  	
   

  
	
   

  	
  Name: Patrick McGovern

  
	
   

  	
  Title: Senior Vice
  President

  
	
   

  	
   

  
	
   

  	
  MERRILL LYNCH BUSINESS

  FINANCIAL SERVICES, INC. 
  

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Edmond J. Blough

  	
   

  
	
   

  	
  Name: Edmond J. Blough

  
	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
   

  	
  TD BANKNORTH, N.A.  

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey R. Westling

  	
   

  
	
   

  	
  Name: Jeffrey R. Westling

  
	
   

  	
  Title: Senior Vice
  President

  
	
   

  	
   

  
	
   

  	
  UNION BANK OF CALIFORNIA, N.A.  

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard P. DeGrey

  	
   

  
	
   

  	
  Name: Richard P. DeGrey

  
	
   

  	
  Title: Vice President

  

 

19

 

EXHIBIT A

SECOND FORBEARANCE AGREEMENT AND

GLOBAL AMENDMENT AGREEMENT

 

JOINT VENTURES

 

20

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}]]