Document:

<PAGE>
                                                                   EXHIBIT 10.10

                                                                       CONFORMED

                       FIRST AMENDMENT TO CREDIT AGREEMENT

         THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this "Amendment"), dated as
of June 30, 2003 (the "First Amendment Effective Date"), is by and among LASON,
INC., a Delaware corporation with its principal offices in Troy, Michigan (the
"Borrower"), the banks and financial institutions listed on the signature pages
hereto (collectively, the "Lenders"), and BANK ONE, NA, with its main office in
Chicago, Illinois, as agent for the Lenders (in such capacity, the "Agent").

                                    RECITALS

         A. The Borrower, the Agent and the Lenders are parties to a Credit
Agreement dated as of June 30, 2002 (as now and hereafter amended, the "Credit
Agreement"), pursuant to which the Lenders agreed, subject to the terms and
conditions thereof, to extend credit to the Borrower. The Credit Agreement, all
promissory notes executed by the Borrower in favor of the Agent and/or the
Lenders, and any and all of the Security Documents (including without limitation
all security agreements, mortgages, guaranties, pledges and other instruments,
documents or agreements of any kind evidencing or securing the indebtedness of
the Borrower in favor of the Lenders) are sometimes referred to collectively as
the "Loan Documents." Terms used but not defined herein shall have the
respective meanings ascribed thereto in the Credit Agreement.

         B. The Loan Documents were executed in connection with the Borrower's
emergence from protection under Chapter 11 of Title 11 of the United States
Code, and as part of its Plan of Reorganization filed with and approved by the
Bankruptcy Court.

         C. Pursuant to the Plan of Reorganization and the Loan Documents, the
Pre-Petition Credit previously advanced by the Lenders to the Borrower was
converted partially into the Term Credit and partially into common stock issued
by the reorganized Borrower.

         D. The Borrower has requested that the Agent and the Lenders consent to
certain modified terms and conditions pertaining to the repayment of the Term
Credit, including the prepayment of a portion of the Term Credit and the
establishment of a revolving credit facility to address the Borrower's working
capital requirements.

         E. Based upon the foregoing recitals, and without waiving any existing
or future rights or remedies which the Agent and/or the Lenders may have against
any Borrower or any Guarantor, the Agent and the Lenders are willing to amend
the terms of the Credit Agreement under the terms and conditions expressly set
forth herein.

<PAGE>

                                      TERMS

         In consideration of the premises and of the mutual agreements herein
contained, the parties agree as follows:

                                   ARTICLE 1.
                      TERM CREDIT RESTRUCTURING PROVISIONS

         1.1 Affirmation of Recitals. The Borrower and the Guarantors hereby
acknowledge and affirm the accuracy of the foregoing recitals.

         1.2 Conversion of $10,000,000 of Term Credit. After the First Amendment
Effective Date and upon receipt of the prepayment described in Section 1.3
hereof, a portion (such portion to be in the amount of $10,000,000) of the
outstanding principal balance of the Term Credit shall be converted into the
Aggregate Revolving Credit Commitment (as defined herein). Such Aggregate
Revolving Credit Commitment (i) shall be governed by the terms and conditions
set forth in Article 2 of this Amendment, (ii) shall be deemed fully drawn upon
issuance of the Revolving Credit Commitments and (iii) shall be used initially
to prepay $10,000,000 of the outstanding principal balance of the Term Credit
(such prepayment to be applied in inverse order of maturity).

         1.3 Additional Prepayment of $5,000,000 of Term Credit. After the First
Amendment Effective Date, in addition to the conversion and related prepayment
as described in Section 1.2 above, the Borrower shall prepay $5,000,000 of the
outstanding principal balance of the Term Credit (such prepayment to be applied
in inverse order of maturity).

         1.4 Term Credit Amortization. After giving effect to (i) principal
installment payments and prepayments made by the Borrower prior to the date of
execution of this Amendment and (ii) the mandatory prepayments described in
Sections 1.2 and 1.3 above, the outstanding principal balance of the Term Credit
shall be $28,462,507, and the repayment of such remaining principal balance of
the Term Credit shall be governed by the amortization schedule set forth in
Section 2.5 of this Amendment.

                                   ARTICLE 2.
      AMENDMENTS TO CREDIT AGREEMENT AND ESTABLISHMENT OF REVOLVING CREDIT

         Effective as of the First Amendment Effective Date, the Credit
Agreement shall be amended as follows:

         2.1 The definition of "Floating Rate" in Section 1.1 of the Credit
Agreement is restated in its entirety as follows:

                  "Floating Rate" means, for any day, a rate per annum equal to
                  (i) the Alternate Base Rate for such day plus (ii) (A) 2.50%
                  for the period from the Effective Date through and including
                  December 31, 2005 and (B) 4.0% thereafter, in each case
                  changing when and as the Alternate Base Rate changes.

                                       2
<PAGE>

         2.2 The definition of "Loan" in Section 1.1 of the Credit Agreement is
restated in its entirety as follows:

                  "Loan" means, with respect to a Lender, such Lender's loan
                  extended as part of the Term Credit pursuant to Article II and
                  such Lender's Revolving Credit Loans extended from time to
                  time pursuant to Article IIA.

         2.3 The definition of "Term Credit" in Section 1.1 of the Credit
Agreement is restated in its entirety as follows:

                  "Term Credit" means the Loans extended as part of the Plan of
                  Reorganization pursuant to Article II.

         2.4 The following new definitions are added to Section 1.1 of the
Credit Agreement in appropriate alphabetical order, stating as follows:

                  "Advance" means a borrowing under Article IIA made by the
                  Lenders on the same date, consisting, of the aggregate amount
                  of the several Revolving Credit Loans made on such date.

                  "Aggregate Revolving Credit Commitment" means the aggregate of
                  the Revolving Credit Commitments of all the Lenders, as
                  reduced from time to time pursuant to the terms hereof.

                  "Borrowing Base" means, as of any date, an amount equal to 60%
                  of Eligible Receivables as of such date.

                  "Borrowing Base Certificate" for any date means an
                  appropriately completed report as of such date with respect to
                  the Borrowing Base in form and substance acceptable to the
                  Agent, certified as true and correct by a duly authorized
                  officer of the Borrower submitting such Borrowing Base
                  Certificate.

                  "Borrowing Notice" is defined in Section 2A.2.

                  "Eligible Receivables" means, as of any date, those accounts
                  receivable of the Borrower valued at the face amount thereof
                  less sales, excise or similar taxes and less returns,
                  discounts, claims, credits and allowances of any nature at any
                  time issued, owing, granted, outstanding, available or claimed
                  less, without duplication, such reserves as may be established
                  by the Borrower or on the books and records of the Borrower
                  and less such reserves as the Agent elects to establish in its
                  credit judgment, which are payable in U.S. Dollars and in
                  which the Borrower has granted to the Agent a first-priority
                  perfected security interest pursuant to the Security
                  Documents, but shall not include any such account receivable
                  (a) that is not a bona fide existing obligation created by the
                  sale and actual delivery of inventory, goods or other property
                  or the furnishing of services or other good and sufficient
                  consideration to customers of the Borrower in the ordinary
                  course of business, (b) that remains outstanding more than 90
                  days after the earlier of the date of the invoice or the
                  shipment of the

                                       3
<PAGE>

                  related inventory, goods or other property or the furnishing
                  of the related services or other consideration, (c) that is
                  subject to any dispute, contra-account, defense, offset or
                  counterclaim or any Lien (except those in favor of the Agent
                  under the Security Documents), unless the account debtor
                  thereunder has signed an offset waiver letter in form and
                  substance satisfactory to the Agent, or the inventory, goods,
                  property, services or other consideration of which such
                  account receivable constitutes proceeds is subject to any such
                  Lien, (d) in respect of which the inventory, goods, property,
                  services or other consideration have been rejected or the
                  amount is in dispute, (e) that is due from any Affiliate or
                  Subsidiary of the Borrower, (f) that has been classified by
                  the Borrower as doubtful or has otherwise failed to meet
                  established or customary credit standards of the Borrower, (g)
                  that is payable by any Person located outside the United
                  States (which shall not be deemed to include any territories
                  of the United States) or Canada and are not supported by
                  letters of credit issued to the Agent by commercial banks, and
                  in form and substance, acceptable to the Agent, (h) that is
                  payable by the United States or any of its departments,
                  agencies or instrumentalities or by any state or other
                  governmental entity, (i) that is payable by any Person as to
                  which 50% or more of the aggregate amount of such accounts
                  receivable payable by such Person to the Borrower do not
                  otherwise constitute Eligible Receivable, (j) that is payable
                  by any Person that is the subject of any proceeding seeking to
                  adjudicate it a bankrupt or insolvent or seeking liquidation,
                  winding up or reorganization, arrangement, adjustment,
                  protection, relief or composition of it or its debts under any
                  law relating to bankruptcy, insolvency or reorganization or
                  relief or protection of debtors or seeking the appointment of
                  a receiver, trustee, custodian or other similar official for
                  it or for any substantial part of its property, or that is not
                  generally paying its debts as they become due or has admitted
                  in writing its inability to pay its debts generally or has
                  made a general assignment for the benefit of creditors, (k)
                  that is evidenced by a promissory note or other instrument,
                  (l) that is subordinate or junior in right or priority of
                  payment to any other obligation or claim, or (m) that for any
                  other reason is at any time reasonably deemed by the Agent in
                  its reasonable credit judgment to be ineligible.

                  "First Amendment Effective Date" shall mean June 30, 2003.

                  "Fixed Charge Coverage Ratio" means, as of the end of any
                  fiscal quarter, the ratio for the applicable period of (a)
                  Consolidated EBITDA to (b) Consolidated Interest Expense in
                  respect of the Secured Obligations.

                  "Liquidity" means, as of any date, the sum of (i) the
                  aggregate amount of cash on hand of the Borrower and its
                  Subsidiaries on such date (as would be reported on a balance
                  sheet prepared as of such date), plus (ii) the aggregate
                  amount of Cash Equivalents of the Borrower and its
                  Subsidiaries on such date plus (iii) the unused available
                  amount of the Aggregate Revolving Credit Commitment as of such
                  date.

                  "Revolving Credit Commitment" means, for each Lender, the
                  obligation of such Lender to make Revolving Credit Loans not
                  exceeding the

                                       4
<PAGE>

                  amount set forth opposite its signature below, as it may be
                  modified from time to time pursuant to the terms hereof.

                  "Revolving Credit Loan" means, with respect to a Lender, such
                  Lender's loan made from time to time pursuant to Article IIA
                  (or any continuation thereof).

                  "Revolving Credit Termination Date" means December 31, 2005 or
                  any earlier date on which the Aggregate Revolving Credit
                  Commitment is reduced to zero or otherwise terminated pursuant
                  to the terms hereof.

         2.5 Section 2.1(c) of the Credit Agreement is restated in its entirety
as follows (such restatement takes into effect the prepayments described
elsewhere in this Amendment):

                  (c) Repayment of Term Credit. Unless earlier payment is
                  required under this Agreement, the Borrower hereby
                  unconditionally promises to pay to the Agent for the pro rata
                  account of each Lender the unpaid principal amount of the Term
                  Credit in periodic principal payments as follows:

<TABLE>
<CAPTION>
                  Payment Date                                      Principal Installment
                  ------------                                      ---------------------
<S>                                                               <C>
                  June 30, 2002                                          $ 3,249,210
                  June 30, 2003                                          $16,000,000
                  September 30, 2003                                     $ 1,000,000
                  December 31, 2003                                      $ 1,000,000
                  March 31, 2004                                         $ 1,000,000
                  June 30, 2004                                          $ 1,000,000
                  September 30, 2004                                     $ 1,000,000
                  December 31, 2004                                      $ 1,000,000
                  March 31, 2005                                         $ 1,000,000
                  June 30, 2005                                          $ 1,000,000
                  September 30, 2005                                     $ 1,000,000
                  December 31, 2005                                      $ 1,000,000
                  March 31, 2006                                         $ 1,000,000
                  June 30, 2006                                          $ 1,000,000
                  September 30, 2006                                     $ 1,000,000
                  December 31, 2006                                      $ 1,000,000
                  March 31, 2007                                         $ 1,000,000
</TABLE>

                  On the Facility Termination Date, the outstanding principal
                  balance of the Term Credit, if any, shall be paid in full.

         2.6 A new subparagraph (c) is inserted at the end of Section 2.2 of the
Credit Agreement, stating as follows:

                  (c) Mandatory Prepayments Based on Liquidity. In addition to
                  all other payments of the Term Credit required hereunder, if
                  on the last day of any fiscal quarter the total Liquidity of
                  the Borrower and its Subsidiaries exceeds the respective
                  amounts set forth in the table below,

                                       5
<PAGE>

                  then fifty percent (50%) of the amount of such excess shall be
                  remitted to the Lenders as a mandatory prepayment of the Term
                  Credit. Such prepayment, if any, due for any fiscal quarter
                  shall be paid not later than fifteen (15) Business Days after
                  the end of such fiscal quarter. All prepayments under this
                  Section 2.2(c) shall be applied to principal installments
                  payable under Section 2.1(c) in the inverse order of maturity.

<TABLE>
<CAPTION>
                  Date                                                Liquidity Threshold
                  ----                                                -------------------
<S>                                                                <C>
                  September 30, 2003                                      $18,942,000
                  December 31, 2003                                       $16,154,000
                  March 31, 2004                                          $15,746,000
                  June 30, 2004                                           $14,853,000
                  September 30, 2004                                      $13,438,000
                  December 31, 2004                                       $13,847,000
                  March 31, 2005                                          $13,308,000
                  June 30, 2005                                           $12,359,000
                  September 30, 2005                                      $11,889,000
                  December 31, 2005                                       $12,723,000
                  March 31, 2006                                          $11,827,000
                  June 30, 2006                                           $10,954,000
                  September 30, 2006                                      $10,871,000
                  December 31, 2006                                       $11,937,000
                  March 31, 2007                                          $13,139,000
</TABLE>

         2.7 A new Article IIA is inserted at the end of Article II of the
Credit Agreement, stating as follows:

                                   ARTICLE IIA

                             REVOLVING CREDIT LOANS

                  2A.1 Revolving Credit Commitment. From and after the First
                  Amendment Effective Date and prior to the Revolving Credit
                  Termination Date, each Lender severally agrees, on the term
                  and conditions set forth in this Agreement, to make Revolving
                  Credit Loans to the Borrower from time to time in amounts not
                  to exceed in the aggregate at any one time outstanding the
                  amount of its Revolving Credit Commitment as the same may be
                  reduced from time to time. Subject to the terms of this
                  Agreement, the Borrower may borrow, repay and reborrow
                  Revolving Credit Loans at any time prior to the Revolving
                  Credit Termination Date. The Revolving Credit Commitments
                  shall expire on the Revolving Credit Termination Date.
                  Principal payments made on or after the Revolving Credit
                  Termination Date may not be reborrowed The Revolving Credit
                  Loans must be repaid in full on the Revolving Credit
                  Termination Date and prepaid at any time the aggregate
                  Revolving Credit Loans exceed the Borrowing Base by not less
                  than the amount of such excess.

                                       6
<PAGE>

                  2A.2 Ratable Loans; Method of Borrowing. Each Advance
                  hereunder shall consist of Revolving Credit Loans made from
                  the several Lenders ratably in proportion to the ratio that
                  their respective Revolving Credit Commitments bear to the
                  Aggregate Revolving Credit Commitment. The Borrower shall give
                  the Agent irrevocable notice (a "Borrowing Notice") not later
                  than 10:00 a.m. (Chicago time) at least one Business Day
                  before the date of a requested Advance, specifying the
                  requested date of such Advance (which shall be a Business Day)
                  and the aggregate amount of such Advance. Not later than noon
                  (Chicago time) on the date specified in the Borrowing Notice,
                  each Lender shall make available its Revolving Credit Loan in
                  funds immediately available in Chicago to the Agent at its
                  address specified herein. The Agent will make the funds so
                  received from the Lenders available to the Borrower at the
                  Agent's aforesaid address.

                  2A.3 Interest Rate. Each Revolving Credit Loan shall bear
                  interest on the outstanding principal amount thereof, for each
                  day from and including the date of any Advance to but
                  excluding the date it is paid, at a rate per annum equal to
                  the Floating Rate for such day. Changes in the rate of
                  interest will take effect simultaneously with each change in
                  the Alternate Base Rate.

                  2A.4 Rates Applicable After Event of Default. The provisions
                  of Section 2.4 shall apply to Revolving Credit Loans.

                  2A.5 Method of Payment. The provisions of Section 2.5 shall
                  apply to Revolving Credit Loans.

                  2A.6 Interest Payment Dates; Interest and Fee Basis. Interest
                  accrued on each Revolving Credit Loan shall be payable on each
                  Payment Date, commencing with the first such date to occur
                  after the date hereof and at maturity. Interest and commitment
                  fees shall be calculated for actual days elapsed on the basis
                  of a 360-day year. Interest shall be payable for the day an
                  Advance is made but not for the day of any payment on the
                  amount paid if payment is received prior to noon (local time)
                  at the place of payment. If any payment of principal of or
                  interest on an Advance shall become due on a day which is not
                  a Business Day, such payment shall be made on the next
                  succeeding Business Day and, in the case of a principal
                  payment, such extension of time shall be included in computing
                  interest in connection with such payment.

                  2A.7 Notification of Interest Rate Changes and Repayments. The
                  provisions of Section 2.7 shall apply to Revolving Credit
                  Loans.

                  2A.8 Noteless Agreement; Recordation. The provisions of
                  Section 2.8 shall apply to Revolving Credit Loans.

                  2A.9 Lending Installations. The provisions of Section 2.9
                  shall apply to Revolving Credit Loans.

                                       7
<PAGE>

                  2A.10 Commitment Fee; Reductions in Aggregate Revolving Credit
                  Commitment; Minimum Amount of Each Advance. The Borrower
                  agrees to pay to the Agent for the account of each Lender a
                  commitment fee of 0.75% per annum on the daily unused portion
                  of such Lender's Revolving Credit Commitment from the First
                  Amendment Effective Date to and including the Revolving Credit
                  Termination Date, payable on each Payment Date hereafter and
                  on the Revolving Credit Termination Date. The Borrower may
                  permanently reduce the Aggregate Revolving Credit Commitment
                  in whole, or in part ratably among the Lenders in integral
                  multiples of $500,000, upon at least five Business Days'
                  written notice to the Agent, which notice shall specify the
                  amount of any such reduction, provided, however, that the
                  amount of the Aggregate Revolving Credit Commitment may not be
                  reduced below the aggregate principal amount of the
                  outstanding Advances. All accrued commitment fees shall be
                  payable on the effective date of any termination of the
                  obligations of the Lenders to make Revolving Credit Loans
                  hereunder. Each Advance of Revolving Credit Loans shall be in
                  the minimum amount of $1,000,000 (and in multiples of $500,000
                  if in excess thereof), provided, however, that any Advance may
                  be in the amount of the unused Aggregate Revolving Credit
                  Commitment.

                  2A.11 Collateral Security; Further Assistance. The provisions
                  of Section 2.11 shall apply to Revolving Credit Loans.

                  2A.12 Replacement of Lender. The provisions of Section 2.12
                  shall apply to Revolving Credit Loans.

                  2A.13 Non-Receipt of Funds by the Agent. Unless the Borrower
                  or a Lender, as the case may be, notifies the Agent prior to
                  the date on which it is scheduled to make payment to the Agent
                  of (i) in the case of a Lender, the proceeds of a Revolving
                  Credit Loan or (ii) in the case of the Borrower, a payment of
                  principal, interest or fees to the Agent for the account of
                  the Lenders, that it does not intend to make such payment, the
                  Agent may assume that such payment has been made. The Agent
                  may, but shall not be obligated to, make the amount of such
                  payment available to the intended recipient in reliance upon
                  such assumption. If such Lender or the Borrower, as the case
                  may be, has not in fact made such payment to the Agent, the
                  recipient of such payment shall, on demand by the Agent, repay
                  to the Agent the amount so made available together with
                  interest thereon in respect of each day during the period
                  commencing on the date such amount was so made available by
                  the Agent until the date the Agent recovers such amount at a
                  rate per annum equal to (x) in the case of payment by a
                  Lender, the Federal Funds Effective Rate for such day for the
                  first three days and, thereafter, the interest rate applicable
                  to the relevant Revolving Credit Loan or (y) in the case of
                  payment by the Borrower, the interest rate applicable to the
                  relevant Revolving Credit Loan.

         2.8 A new Section 4.3 is added at the end of Article IV of the Credit
Agreement, stating as follows:

                                       8
<PAGE>

                  4.3. Conditions to Each Advance of Revolving Credit Loans. The
                  Lenders shall not be required to make any Advance of Revolving
                  Credit Loans unless on the applicable date of such Advance:

                           (i) There exists no Default or Event of Default.

                           (ii) The representations and warranties contained in
                           Article V are true and correct as of such date except
                           to the extent any such representation or warranty is
                           stated to relate solely to an earlier date, in which
                           case such representation or warranty shall have been
                           true and correct on and as of such earlier date.

                           (iii) All legal matters incident to the making of
                           such Advance shall be satisfactory to the Lenders and
                           their counsel

                           (iv) The Borrower shall have submitted a
                           duly-completed and certified Borrowing Base
                           Certificate, and the aggregate outstanding principal
                           amount of the Revolving Credit Loans, together with
                           the aggregate amount described in the Borrowing
                           Notice, shall not exceed the Borrowing Base.

                  Each Borrowing Notice with respect to each such Advance shall
                  constitute a representation and warranty by the Borrower that
                  the conditions contained in Sections 4.3(i) and (ii) have been
                  satisfied.

         2.9 Section 5.5 of the Credit Agreement is restated in its entirety as
follows:

                  5.5 Litigation. Except for the Cases and the Lason Class
                  Action (as defined in the Confirmation Order), there are no
                  actions, investigations, suits or proceedings pending or, to
                  the knowledge of the Borrower, threatened, at law, in equity
                  or in arbitration, before any court, other Governmental
                  Authority or other Person, (i) against or affecting the
                  Borrower, any of its Subsidiaries or any of their respective
                  properties that would be reasonably likely to have a Material
                  Adverse Effect or (ii) asserting the invalidity of this
                  Agreement or any of the other Credit Documents.

         2.10 A new subparagraph (i) is added at the end of Section 6.2 of the
Credit Agreement, stating as follows:

                  (i) Not later than the fifteenth (15th) Business Day of each
                  month, a duly-completed and certified Borrowing Base
                  Certificate as of the end of the prior month.

         2.11 Section 7.1 of the Credit Agreement is restated in its entirety as
follows:

                  7.1 Consolidated EBITDA. The Borrower will not permit
                  Consolidated EBITDA, in each case measured cumulatively for
                  the period commencing July 1, 2003 and ending on the last day
                  of

                                       9
<PAGE>

                  each month set forth below, to be less than the amount set
                  forth below opposite such period:

<TABLE>
<CAPTION>
                           Period Ending             Consolidated EBITDA Amount
                           -------------             --------------------------
<S>                                                  <C>
                           July, 2003                        $   180,000

                           August, 2003                      $   400,000

                           September, 2003                   $   730,000

                           October, 2003                     $ 1,000,000

                           November, 2003                    $ 1,240,000

                           December, 2003                    $ 1,440,000

                           January, 2004                     $ 1,680,000

                           February, 2004                    $ 1,870,000

                           March, 2004                       $ 2,290,000

                           April, 2004                       $ 2,650,000

                           May, 2004                         $ 3,060,000

                           June, 2004                        $ 4,050,000

                           July, 2004                        $ 4,270,000

                           August, 2004                      $ 4,610,000

                           September, 2004                   $ 5,230,000

                           October, 2004                     $ 5,530,000

                           November, 2004                    $ 5,810,000

                           December, 2004                    $ 6,390,000

                           January, 2005                     $ 6,770,000

                           February, 2005                    $ 6,990,000

                           March, 2005                       $ 7,710,000

                           April, 2005                       $ 7,950,000

                           May, 2005                         $ 8,210,000

                           June, 2005                        $ 9,490,000

                           July, 2005                        $ 9,740,000

                           August, 2005                      $ 9,910,000

                           September, 2005                   $10,120,000

                           October, 2005                     $10,550,000

                           November, 2005                    $10,850,000

                           December, 2005                    $11,250,000
</TABLE>

                                       10
<PAGE>

<TABLE>
<S>                                                       <C>
                           January, 2006                     $11,410,000

                           February, 2006                    $11,660,000

                           March, 2006                       $11,910,000

                           April, 2006                       $12,210,000

                           May, 2006                         $12,460,000

                           June, 2006                        $12,730,000

                           July, 2006                        $13,040,000

                           August, 2006                      $13,340,000

                           September, 2006                   $13,700,000

                           October, 2006                     $14,080,000

                           November, 2006                    $14,450,000

                           December, 2006                    $14,760,000

                           January, 2007                     $15,090,000

                           February, 2007                    $15,410,000

                           March, 2007                       $15,730,000

                           April, 2007                       $16,030,000

                           May, 2007                         $16,300,000

                           June, 2007                        $16,510,000
</TABLE>

         2.12 Section 7.2 of the Credit Agreement is restated in its entirety as
follows:

                  7.2 Capital Expenditures. The Borrower will not, and will not
                  permit any Subsidiary to, expend for Capital Expenditures
                  during any period ending on the day set forth below, in excess
                  of the aggregate amount set forth below opposite such period:

<TABLE>
<CAPTION>
                  Fiscal Quarter Ending              Amount
                  ---------------------              ------
<S>                                                  <C>
                  September 30, 2003                 $  1,500,000

                  Two Fiscal Quarters Ending         Amount
                  --------------------------         ------
                  December 31, 2003                  $  2,500,000

                  Three Fiscal Quarters Ending       Amount
                  ----------------------------       ------
                  March 31, 2004                     $  3,500,000

                  Four Fiscal Quarters Ending        Amount
                  ---------------------------        ------

                  June 30, 2004                      $  3,500,000
                  September 30, 2004                 $  3,900,000
                  December 31, 2004                  $  4,250,000
</TABLE>

                                       11
<PAGE>

<TABLE>
<S>                                                  <C>
                  March 31, 2005                     $  4,425,000
                  June 30, 2005                      $  4,650,000
                  September 30, 2005                 $  4,875,000
                  December 31, 2005                  $  5,100,000
                  March 31, 2006                     $  5,400,000
                  June 30, 2006                      $  5,600,000
                  September 30, 2006                 $  5,800,000
                  December 31, 2006                  $  6,000,000
                  March 31, 2007                     $  6,100,000
                  June 30, 2007                      $  6,200,000;
</TABLE>

                  provided, however, that there shall be excluded from the
                  foregoing limitation Capital Expenditures made by Subsidiaries
                  that are Designated Assets on Plan Effectiveness.

         2.13 A new Section 7.4 is added to the Credit Agreement at the end of
Article VII, stating as follows:

                  7.4 Fixed Charge Coverage Ratio. As of the end of each fiscal
                  quarter, the Borrower will maintain a Fixed Charge Coverage
                  Ratio not less than the ratios set forth in the table below.
                  The Fixed Charge Coverage Ratio will be calculated on a
                  quarterly basis for the four consecutive fiscal quarters then
                  most recently ended (provided that if there are fewer than
                  four full consecutive fiscal quarters beginning with the
                  fiscal quarter commencing July 1, 2003 and ending with the
                  fiscal quarter most recently ended, then the Fixed Charge
                  Coverage Ratio will be calculated for such fewer number of
                  consecutive fiscal quarters).

<TABLE>
<CAPTION>
                  Fiscal Quarter Ending              Ratio
                  ---------------------              -----
<S>                                                  <C>
                  September 30, 2003                 1.22

                  Two Fiscal Quarters Ending         Ratio
                  --------------------------         -----

                  December 31, 2003                  1.35

                  Three Fiscal Quarters Ending       Ratio
                  ----------------------------       -----

                  March 31, 2004                     1.49

                  Four Fiscal Quarters Ending        Ratio
                  ---------------------------        -----

                  June 30, 2004                      2.02
                  September 30, 2004                 2.78
                  December 31, 2004                  3.40
                  March 31, 2005                     4.14
                  June 30, 2005                      5.19
                  September 30, 2005                 5.68
                  December 31, 2005                  6.56
                  March 31, 2006                     7.08
                  June 30, 2006                      7.56
                  September 30, 2006                 8.06
</TABLE>

                                       12
<PAGE>

<TABLE>
<S>                                                  <C>
                  December 31, 2006                  8.61
                  March 31, 2007                     9.26
                  June 30, 2007                      9.91
</TABLE>

         2.14 Section 9.1(c) of the Credit Agreement is restated in its entirety
as follows:

                  (c) The Borrower shall fail to observe, perform or comply with
                  any condition, covenant or agreement contained in any of
                  Sections 6.2(e), 6.3(i), 6.8 or in Article VII or Article
                  VIII; provided, however, that with respect to any failure by
                  the Borrower to satisfy the Consolidated EBITDA financial
                  covenant set forth in Section 7.1 for any month, if the
                  shortfall in actual Consolidated EBITDA as of the end of such
                  month is greater than $1,000,000, then an immediate Event of
                  Default shall exist, and if the shortfall in actual
                  Consolidated EBITDA as of the end of such month is equal to or
                  less than $1,000,000, then an Event of Default shall occur
                  only if, at the end of the next succeeding month, the Borrower
                  remains out of compliance with the Consolidated EBITDA
                  financial covenant.

         2.15 The following sentence is inserted at the end of Section 11.12 of
the Credit Agreement:

                  Notwithstanding anything herein to the contrary, confidential
                  information shall not include, and each Lender (and each
                  employee, representative or other agent of any Lender) may
                  disclose to any and all Persons, without limitation of any
                  kind, the "tax treatment" and "tax structure" (in each case,
                  within the meaning of Treasury Regulation Section 1.6011-4) of
                  the transactions contemplated hereby and all materials of any
                  kind (including opinions or other tax analyses) that are or
                  have been provided to such Lender relating to such tax
                  treatment or tax structure; provided that, with respect to any
                  document or similar item that in either case contains
                  information concerning such tax treatment or tax structure of
                  the transactions contemplated hereby as well as other
                  information, this sentence shall only apply to such portions
                  of the document or similar item that relate to such tax
                  treatment or tax structure.

                                   ARTICLE 3.
                                 REPRESENTATIONS

         Each Borrower represents and warrants to the Agent and the Lenders
that:

         3.1 The execution, delivery and performance by it of this Amendment are
within its powers, have been duly authorized by all necessary action and are not
in contravention with any law, rule or regulation, or any judgment, decree,
writ, injunction, order or award of any arbitrator, court or governmental
authority, of the terms of its Articles of Incorporation or By-laws, or any
contract or undertaking to which it is a party or by which it or its property is
or may be bound.

         3.2 This Amendment is its legal, valid and binding obligation,
enforceable against it in accordance with the terms hereof.

                                       13
<PAGE>

         3.3 No consent, approval or authorization of or declaration,
registration or filing with any governmental authority or any nongovernmental
person or entity, including, without limitation, any of its creditors or
stockholders, is required on its part in connection with the execution, delivery
and performance of this Amendment or as a condition to the legality, validity or
enforceability of this Amendment.

         3.4 After giving effect to the amendments herein contained, the
representations and warranties contained in Article V of the Credit Agreement
are true on and as of the date hereof with the same force and effect as if made
on and as of the date hereof.

                                   ARTICLE 4.
                       ADDITIONAL COVENANTS OF THE COMPANY

         The Company shall:

         4.1 Promptly perform and observe, and cause each other Borrower and
each Guarantor to perform and observe, its respective obligations set forth in
this Amendment.

         4.2 Cause each of the Guarantors to execute the Consent and Agreement
at the end of this Amendment.

         4.3 Promptly deliver to the Lenders such information as has previously
been requested in writing by the Lenders, the Agent or the Agent's financial
consultant.

         4.4 Promptly execute and deliver, and cause each other Borrower and
each Guarantor to execute and deliver, such other documents as the Agent or the
Lenders may reasonably request.

         4.5 With respect to any sums required to be paid under the terms of
this Amendment to the Agent or the Lenders prior to the date of execution
hereof, pay such sums immediately upon execution of this Amendment.

                                   ARTICLE 5.
                                 MISCELLANEOUS.

         5.1 Cross References. References in the Credit Agreement or in any
note, certificate, instrument or other document to the "Credit Agreement" shall
be deemed to be references to the Credit Agreement as amended hereby and as
further amended from time to time.

         5.2 Closing Fee. The Borrower shall pay to the Agent, for the ratable
benefit of the Lenders, a closing fee in the amount of $150,000, upon execution
of this Amendment.

         5.3 Expenses and Costs. The Borrower agrees to pay and to save the
Agent and the Lenders harmless for the payment of all reasonable and documented
fees, out-of-pocket disbursements, and other costs and expenses incurred by or
on behalf of the Agent or any Lender arising in any way in connection with this
Amendment, or any other document relating to indebtedness described in the
recitals to this Amendment, including the reasonable and documented fees and
expenses of Dickinson Wright PLLC, counsel to the Agent, and AlixPartners, LLC,
consultant to the Agent, and specifically including, without limitation, (a) the
cost of any financial audit or inquiry conducted by the Agent, any Lender or
their

                                       14
<PAGE>

consultants, (b) the fees and expenses of counsel for the Agent or any Lender
for the work performed as a result of the Borrower's proposed restructuring or
financial problems, and for the preparation, examination and approval of this
Amendment or any documents in connection with this Amendment, (c) for the
payment of all reasonable and documented fees and out-of-pocket disbursements
incurred by the Agent or any Lender, including reasonable attorneys' fees, in
any way arising from or in connection with any action taken by the Agent or any
Lender to monitor, advise, enforce or collect the obligations described in the
recitals hereto or to enforce any obligations of the Borrower or any Guarantor
under this Amendment or the other documents referred to herein, including any
actions to lift the automatic stay or to otherwise in any way participate in any
bankruptcy, reorganization or insolvency proceeding of any Borrower or Guarantor
or in any trial or appellate proceedings, and (d) any reasonable and documented
expenses or fees (including reasonable attorneys' fees) incurred in relation to
or in defense of any litigation instituted by the Borrower, any Guarantor or any
third party against the Agent or any Lender arising from or relating to the
obligations described in the recitals hereto or this Amendment, including any
so-called "lender liability" action. All of these expenses and fees (including
reasonable attorneys' fees) shall be part of the obligations and indebtedness
owing under the Credit Agreement, and shall be secured by all of the collateral
described in the Security Documents. In the event the Borrower fail to pay any
such fees, expenses and costs within five (5) days of being invoiced therefor,
the Agent or the Lenders, as the case may be, shall be permitted to charge the
accounts of the Borrower for such fees, expenses and costs, without prejudice to
any other rights or remedies of the Agent or the Lenders. The rights and
remedies of the Agent and the Lenders contained in this paragraph shall be in
addition to, and not in lieu of, the rights and remedies contained in the Credit
Agreement, the Security Documents and as otherwise provided by law.

         5.4 No Course of Dealing; Review of the Borrower's Business Plan. The
Borrower and the Guarantors acknowledge and agree that notwithstanding any
course of dealing between the Borrower and the Lenders prior to the date hereof,
the Lenders shall have no obligation to make Loans to the Borrower outside of
the strict conditions and requirements of the Credit Agreement (as modified
herein) nor to refrain from exercising available remedies except as expressly
set forth herein. The Agent and the Lenders shall be under no obligation
whatsoever to consent to the Borrower's business plan as the same may be revised
from time to time, and instead the Agent's and the Lenders' consideration of the
Borrower's business plan shall be undertaken by the Agent and the Lenders in
their sole, absolute and unreviewable discretion.

         5.5 Reservation of Rights; No Waiver by Conduct. Nothing herein shall
be deemed to constitute a waiver of any existing Defaults or Events of Default,
or a waiver of any new Defaults or Events of Default or of any other provision
of any of the documents referred to herein, and nothing herein shall in any way
prejudice the rights and remedies of the Agent and/or the Lenders under any of
the documents referred to herein or applicable law. Further, the Agent and the
Lenders shall have the right to waive any conditions set forth in this Amendment
and/or such documents, in their sole discretion, and any such waiver shall not
prejudice, waive or reduce any other right or remedy which the Agent or the
Lenders may have against the Borrower or any Guarantor. No waiver of the rights
or any condition of this Amendment and/or any other document by the Agent or the
Lenders shall be effective unless the same shall be contained in a writing
signed by authorized representatives of the Agent or the Lenders, as the case
may be, in the manner required by Section 11.5 of the Credit Agreement. No
course of dealing on the part of the Agent or the Lenders, nor any delay or
failure on the part of the Agent or the Lenders in exercising any right, power
or privilege hereunder shall operate as a waiver of such right, power or
privilege, nor shall any single or partial exercise thereof preclude any further
exercise thereof or the exercise of any other right, power or privilege.

         5.6 Release. The Borrower and each Guarantor represents and warrants
that it is not aware of any claims or causes of action against the Agent or any
Lender, any participant lender or any of their successors or assigns, and that
it has no defenses, offsets or counterclaims with respect to the indebtedness

                                       15
<PAGE>

owed by the Borrower to the Lenders. Notwithstanding this representation and as
further consideration for the agreements and understandings herein, the Borrower
and Guarantors, on behalf of themselves and their respective employees, agents,
executors, heirs, successors and assigns, hereby release the Agent and the
Lenders, their respective predecessors, officers, directors, employees, agents,
attorneys, affiliates, subsidiaries, successors and assigns, from any liability,
claim, right or cause of action which now exists or hereafter arises as a result
of acts, omissions or events occurring on or prior to the date hereof, whether
known or unknown, including but not limited to claims arising from or in any way
related to the Credit Agreement or the business relationship among the Borrower,
the Guarantors, the Agent and the Lenders.

         5.7 Performance by Lenders and Agent; No Agency; Borrower Remains in
Control. The Borrower and each Guarantor acknowledges and agrees that the Agent
and the Lenders have fully performed all of their obligations under the Credit
Agreement and all documents executed in connection with the Credit Agreement,
and that all actions taken by the Agent and the Lenders are reasonable and
appropriate under the circumstances and within their rights under the Credit
Agreement and all other documents executed in connection therewith and otherwise
available. The actions of the Agent and the Lenders taken pursuant to this
Amendment and the documents referred to herein are in furtherance of the efforts
of the Agent and the Lenders as secured lenders seeking to collect the
obligations owed to the Lenders. Nothing contained in this Amendment shall be
deemed to create a partnership, joint venture or agency relationship of any
nature between the Borrower and the Lenders or the Agent. The Borrower, the
Guarantors, the Agent and the Lenders agree that notwithstanding the provisions
of this Amendment, each Borrower remains in control of its business operations
and determines the business plans (including employment, management and
operating directions) for its business.

         5.8 Entire Agreement; Severability. The Credit Agreement, as amended by
this Amendment, constitutes the entire understanding of the parties with respect
to the subject matter hereof and may only be modified or amended by a writing
signed by the party to be charged. If any provision of this Amendment is in
conflict with any applicable statute or rule of law or otherwise unenforceable,
such offending provision shall be null and void only to the extent of such
conflict or unenforceability, but shall be deemed separate from and shall not
invalidate any other provision of this Amendment.

         5.9 No Other Promises or Inducements. There are no promises or
inducements which have been made to any signatory hereto to cause such signatory
to enter into this Amendment other than those which are set forth in this
Amendment. The Borrower and each Guarantor acknowledges that its authorized
officers have thoroughly read and reviewed the terms and provisions of this
Amendment and are familiar with same, that the terms and provisions contained
herein are clearly understood by such Borrower or Guarantor and have been fully
and unconditionally consented to by such Borrower or Guarantor, and that such
Borrower or Guarantor has had full benefit and advice of counsel of its own
selection, or the opportunity to obtain the benefit and advice of counsel of its
own selection, in regard to understanding the terms, meaning and effect of this
Amendment, and that this Amendment has been entered into by the Borrower and
Guarantor freely, voluntarily, with full knowledge, and without duress, and that
in executing this Amendment, the Borrower and Guarantors are relying on no other
representations, either written or oral, express or implied, made by any other
party hereto, and that the consideration hereunder received by the Borrower has
been actual and adequate.

         5.10 Ratification. The Borrower agrees that the Credit Agreement, the
Security Documents and all other documents and agreements executed by the
Borrower or the Guarantors in connection with the Credit Agreement in favor of
the Agent or any Lender are ratified and confirmed and shall remain in full
force and effect as amended hereby, and that there is no set off, counterclaim
or defense with respect to any of the foregoing.

                                       16
<PAGE>

         5.11 Counterparts; Effectiveness. This Amendment may be executed in any
number of counterparts with the same effect as if the signatures thereto and
hereto were upon the same instrument. Facsimile copies of signatures shall be
treated as original signatures for all purposes under this Amendment. This
Amendment shall become effective as of June 30, 2003 when each of the following
has been satisfied:

         (a) Receipt by the Agent of counterparts of this Amendment duly
executed by the Borrower and each Lender, and counterparts of the Consent and
Agreement annexed hereto duly executed by each Guarantor.

         (b) With respect to any interest, fees or other charges previously
required to be paid by the Borrower under the terms of the Credit Agreement,
receipt by the Agent of full payment of such interest, fees or other charges.

         (c) Copies, certified by the Secretary or Assistant Secretary of the
Borrower and Guarantor, of its Board of Directors' resolutions and of
resolutions or actions of any other body authorizing the execution of this
Amendment and all Security Documents to be executed in connection herewith to
which the Borrower or Guarantor, as applicable, is a party.

         (d) An incumbency certificate, executed by the Secretary or Assistant
Secretary of the Borrower and each Guarantor, which shall identify by name and
title and bear the signatures of the Authorized Officers and any other officers
of the Borrower and each Guarantor authorized to sign this Amendment and all
Security Documents to be executed in connection herewith to which the Borrower
and each Guarantor is a party, upon which certificate the Agent and the Lenders
shall be entitled to rely until informed of any change in writing by the
Borrower and such Guarantor.

         (e) A written opinion of the Borrower's and Guarantors' counsel,
addressed to the Agent and Lenders and in form and substance satisfactory to the
Agent.

         (f) Executed copies of all Security Documents and other documents in
connection therewith requested by the Agent, together with all necessary
consents and other related documents in connection therewith, insurance
certificates, financing statements, environmental reports, opinions of foreign
counsel, original stock certificates and related transfer powers, UCC, judgment
and other lien and encumbrance searches, title searches and insurance, surveys
and other documents required by the Agent.

         (g) Delivery of such other agreements and documents, and the
satisfaction of such other conditions as may be reasonably required by the
Agent, and such evidence of the perfection and priority of all liens and
security interests as required by the Agent, all of which shall be satisfactory
to the Agent and its counsel to the extent required by the Agent.

         5.12 Other Documents. The Borrower and each Guarantor agrees to execute
and deliver any and all documents reasonably deemed necessary or appropriate by
the Agent or the Lenders to carry out the intent of and/or to implement this
Amendment.

         5.13 Governing Law. This Amendment shall be governed by and construed
in accordance with the laws of the State of Michigan without giving effect to
choice of law principles of such State.

         5.14 Miscellaneous. This Amendment is made for the sole benefit and
protection of the Borrower, the Agent and the Lenders and their respective
successors and permitted assigns (provided that the Borrower shall not be
permitted, absent the prior written consent of all of the Lenders, to assign any
of its rights or obligations under this Amendment). No other person or entity
shall have any rights

                                       17
<PAGE>

whatsoever under this Amendment. Time shall be of the strictest essence in the
performance of each and every one of the Borrower's obligations hereunder.

         5.15 Construction. This Amendment shall not be construed more strictly
against the Lenders or the Agent merely by virtue of the fact that the same has
been prepared by the Lenders and the Agent or their counsel, it being recognized
that the Borrower, the Agent and the Lenders have contributed substantially and
materially to the preparation of this Amendment, and each of the parties hereto
waives any claim contesting the existence and the adequacy of the consideration
given by any of the other parties hereto in entering into this Amendment.

         5.16 Headings. The headings of the various paragraphs in this Amendment
are for convenience of reference only and shall not be deemed to modify or
restrict the terms or provisions hereof.

         5.17 Waiver of Jury Trial; Consent to Jurisdiction. (a) The Borrower,
each Guarantor, each Lender and the Agent hereby specifically ratifies and
confirms the waiver of jury trial set forth in Section 11.16 of the Credit
Agreement. Without limiting the generality of the preceding ratification and
confirmation, the Borrower, each Guarantor, each Lender and the Agent, after
consulting or having had the opportunity to consult with counsel, knowingly,
voluntarily and intentionally waives any right any of them may have to a trial
by jury in any litigation or proceeding based upon or arising out of this
Amendment or any related instrument or agreement or any of the transactions
contemplated by this Amendment or any conduct, dealing, statements (whether oral
or written) or actions of any of them. None of the Borrower, the Guarantors, the
Lenders or the Agent shall seek to consolidate, by counterclaim or otherwise,
any such action in which a jury trial has been waived with any other action in
which a jury trial cannot be or has not been waived. These provisions shall not
be deemed to have been modified in any respect or relinquished by any party
hereto except by a written instrument executed by such party.

         (b) The Borrower and each Guarantor hereby specifically ratifies and
confirms the consent to jurisdiction set forth in Section 11.3 of the Credit
Agreement.

                         [signatures begin on next page]

                                       18
<PAGE>

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

                                       LASON, INC.

                                       By:     /s/ Douglas S. Kearney
                                          --------------------------------------

                                       Title:  Chief Financial Officer
                                             -----------------------------------

REVOLVING CREDIT COMMITMENT:           BANK ONE, NA, AS AGENT AND AS A LENDER

$2,302,100                             By:     /s/ Nathan R. Richey
                                          --------------------------------------

                                       Title:  Commercial Banking Officer
                                             -----------------------------------

REVOLVING CREDIT COMMITMENT:           COMERICA BANK

$934,200                               By:     /s/ Jeffrey E. Peck
                                          --------------------------------------

                                       Title:  Vice President
                                             -----------------------------------

REVOLVING CREDIT COMMITMENT:           CREDIT LYONNAIS

$934,200                               By:     /s/ John-Charles van Essche
                                          --------------------------------------

                                       Title:  Vice President
                                             -----------------------------------

REVOLVING CREDIT COMMITMENT:           NATIONAL CITY BANK

$747,400                               By:     /s/ John R. DeFrancesco
                                          --------------------------------------

                                       Title:  Senior Vice President
                                             -----------------------------------

                                       19
<PAGE>

REVOLVING CREDIT COMMITMENT:           ABN AMRO BANK N.V.

$747,400                               By:     /s/ Steven C. Wimpenny
                                          --------------------------------------

                                       Title:  Group Senior Vice President
                                             -----------------------------------

                                       And By: /s/ Parker H. Douglas
                                              ----------------------------------

                                       Title:  Senior Vice President
                                             -----------------------------------

REVOLVING CREDIT COMMITMENT:           STANDARD FEDERAL BANK

$597,900                               By:     /s/ Otto A. Wilhelm
                                          --------------------------------------

                                       Title:  First Vice President
                                             -----------------------------------

REVOLVING CREDIT COMMITMENT:           UNION BANK OF CALIFORNIA, N. A.

$597,900                               By:     /s/ Robert S. Greb
                                          --------------------------------------

                                       Title:  Vice President
                                             -----------------------------------

REVOLVING CREDIT COMMITMENT:           MIZUHO CORPORATE BANK, LTD.

$597,900                               By:     /s/ Noel P. Purcell
                                          --------------------------------------

                                       Title:  Senior Vice President
                                             -----------------------------------

REVOLVING CREDIT COMMITMENT:           JP MORGAN CHASE BANK

$448,400                               By:     /s/ Arlene M. Carroll
                                          --------------------------------------

                                       Title:  Vice President
                                             -----------------------------------

REVOLVING CREDIT COMMITMENT:           ARK-CLO 2000-1, LIMITED
                                       BY: PATRIARCH PARTNERS, LLC
$1,195,800                                 ITS COLLATERAL MANAGER

                                       By:     /s/ Lynn Tilton
                                          --------------------------------------

                                       Title:  Manager
                                             -----------------------------------

                                       20
<PAGE>

REVOLVING CREDIT COMMITMENT:           GE CAPITAL CFE, INC.

$448,400                               By:     /s/ William E. Magee
                                          --------------------------------------

                                       Title:  Duly Authorized Signatory
                                             -----------------------------------

REVOLVING CREDIT COMMITMENT:           BARCLAYS BANK PLC
                                       NEW YORK BRANCH
$448,400
                                       By:     /s/ Mark Manski
                                          --------------------------------------

                                       Title:  Director
                                             -----------------------------------

                                       21
<PAGE>

                      CONSENT AND AGREEMENT OF GUARANTORS

         As of the date and year first above written, each of the undersigned
hereby:

         a) fully consents to the terms and provisions of the above Amendment
and the consummation of the transactions contemplated thereby and agrees to all
terms and provisions of the above Amendment applicable to it;

         b) agrees that each Guaranty, Security Document and all other
agreements executed by any of the undersigned in connection with the Credit
Agreement or otherwise in favor of the Agent or the Lenders (collectively, the
"Guarantor Documents") are hereby ratified and confirmed and shall remain in
full force and effect, and each of the undersigned acknowledges that it has no
setoff, counterclaim or defense with respect to any Guarantor Document; and

         c) acknowledges that its consent and agreement hereto is a condition to
the Lenders' obligation under this Amendment and it is in its interest and to
its financial benefit to execute this consent and agreement.

                                       LASON SYSTEMS, INC.

                                       By:  /s/ Douglas S. Kearney
                                          --------------------------------------

                                          Its: Chief Financial Officer
                                              ----------------------------------

                                       LASON INTERNATIONAL, INC.

                                       By:  /s/ Douglas S. Kearney
                                          --------------------------------------

                                          Its:  Chief Financial Officer
                                              ----------------------------------

                                       22Block Communication

 

Exhibit 10.1

AMENDMENT NO. 2 TO CREDIT AGREEMENT

     This Amendment No. 2 to Credit Agreement (this “Agreement”) dated as of
September 30, 2003 is made by and among BLOCK COMMUNICATIONS, INC., an Ohio
corporation (“Block” or the “Borrower”), BANK OF AMERICA, N.A., in its capacity
as administrative agent (in such capacity, the “Administrative Agent”), each of
the Lenders (as defined in the Credit Agreement, defined below) signatory
hereto, and each of the Guarantors (as defined in the Credit Agreement)
signatory hereto.

     W I T N E S S E T H:

     WHEREAS, the Borrower, the Administrative Agent and each of the Lenders
have entered into that certain Credit Agreement dated as of May 15, 2002, as
amended by that certain Amendment No. 1 to Credit Agreement dated as of
September 12, 2002 (as so amended, as hereby amended, and as from time to time
hereafter further amended, modified, supplemented, restated, or amended and
restated, the “Credit Agreement”; capitalized terms as used in this Agreement
not otherwise defined herein shall have the respective meanings given thereto
in the Credit Agreement), pursuant to which the Lenders have made available to
the Borrower a revolving credit facility (including a letter of credit facility
and a swing line facility) and two term loan facilities; and

     WHEREAS, each of the Guarantors has entered into a Guaranty pursuant to
which it has guaranteed certain or all of the obligations of the Borrower under
the Credit Agreement and the other Loan Documents; and

     WHEREAS, the Borrower has advised the Administrative Agent and the Lenders
that it desires to amend certain provisions of the Credit Agreement, including
without limitation the pricing and amortization with respect to the Term Loan B
Facility, and to convert the Outstanding Amount of the Term Loan A as of the
date hereof into Outstanding Amounts under the Term Loan B, and the
Administrative Agent and the Lenders have agreed so to amend the Credit
Agreement on the terms and conditions set forth herein;

     NOW, THEREFORE, in consideration of the premises and further valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereto agree as follows:

     1.     Amendments to Credit Agreement. Subject to the terms and conditions
set forth herein, the Credit Agreement is hereby amended as follows:

		
	 	     (a) The definition of “Aggregate Term Loan A Commitments” in Section
1.01 of the Credit Agreement is hereby amended by deleting such
definition in its entirety and replacing the same with the following:

		
	 	     “Aggregate Term Loan A Commitments” means, as at the
date of determination thereof, the sum of all Term Loan A
Commitments of all Lenders at such date, which sum shall not
exceed (i) $20,000,000 until the Term Loan A Advance
Expiration Date, and (ii) $0 thereafter.

 

 

		
	 	     (b) The following new definition is hereby added to Section 1.01 of
the Credit Agreement in its proper alphabetical order:

		
	 	     “Amendment No. 2” means that certain Amendment No. 2 to
this Agreement dated as of September 30, 2003 by and among
the Borrower, the Administrative Agent and certain of the
Lenders party thereto.

		
	 	     (c) With respect to the definition of “Applicable Margin” in Section
1.01 of the Credit Agreement, the portion of the table contained therein
labeled “Term Loan B” is hereby amended by (i) deleting each reference to
“3.25%” therein and replacing the same with “2.75%” and (ii) deleting
each reference to “2.25%” therein and replacing the same with “1.75%.”

		
	 	     (d) The definition of “Term Loan B” in Section 1.01 of the Credit
Agreement is hereby amended by deleting such definition in its entirety
and replacing the same with the following:

		
	 	     “Term Loan B” means the loans made pursuant to the Term
Loan B Facility in accordance with Section 2.01(b) and the
portion of the Term Loan A converted to loans under the Term
Loan B Facility pursuant to Amendment No. 2.

		
	 	     (e) The definition of “Term Loan B Facility” in Section 1.01 of the
Credit Agreement is hereby amended by deleting such definition in its
entirety and replacing the same with the following:

		
	 	     “Term Loan B Facility” means the facility described in
Section 2.01(b) providing for a Term Loan to the Borrower by
the Term Loan B Lenders in the original principal amount of
$75,000,000, plus the portion of the Term Loan A converted
to a portion of the Term Loan B pursuant to Amendment No. 2.

		
	 	     (f) Section 2.09(d) is hereby amended by deleting the table
contained therein in its entirety and replaced such table with the
following:

	 	 	 	 	 
	Date	 	Amount
	
	 	

	
September 30, 2002
	 	$	187,500	 
	December 31, 2002
	 	$	187,500	 
	
March 30, 2003
	 	$	187,500	 
	
June 30, 2003
	 	$	187,500	 
	
September 30, 2003
	 	$	187,500	 
	
December 31, 2003
	 	$	212,500	 
	
March 30, 2004
	 	$	212,500	 
	
June 30, 2004
	 	$	212,500	 
	
September 30, 2004
	 	$	212,500	 
	
December 31, 2004
	 	$	212,500	 

2

 

	 	 	 	 	 
	Date	 	Amount
	
	 	

	
March 30, 2005
	 	$	212,500	 
	
June 30, 2005
	 	$	212,500	 
	
September 30, 2005
	 	$	212,500	 
	
December 31, 2005
	 	$	212,500	 
	
March 30, 2006
	 	$	212,500	 
	
June 30, 2006
	 	$	212,500	 
	
September 30, 2006
	 	$	212,500	 
	
December 31, 2006
	 	$	212,500	 
	
March 30, 2007
	 	$	212,500	 
	
June 30, 2007
	 	$	212,500	 
	
September 30, 2007
	 	$	212,500	 
	
December 31, 2007
	 	$	212,500	 
	
March 30, 2008
	 	$	212,500	 
	
June 30, 2008
	 	$	212,500	 
	
September 30, 2008
	 	$	212,500	 
	
December 31, 2008
	 	$	212,500	 
	
March 30, 2009
	 	$	212,500	 
	
June 30, 2009
	 	$	212,500	 
	
September 30, 2009
	 	$	212,500	 
	
Term Loan B Maturity Date
	 	The Outstanding Amount of the Term Loan B

		
	 	     (g) Schedule 1.01(a) is hereby amended by deleting such schedule and
replacing it with the revised Schedule 1.01(a) attached hereto as Annex
I, reflecting the effectiveness of this Agreement.

     2.     Conversion of Term Loan A. As of the date of this Agreement and prior
to giving effect to the terms hereof, the Outstanding Amount of the Term Loan A
is $10,000,000 (the “Current TLA Outstanding Amount”) and the Outstanding
Amount of the Term Loan B (after giving effect to the prepayment to be made
pursuant to Section 2.09(d) of the Credit Agreement on September 30, 2003) is
$70,491,500. Upon the effectiveness of this Agreement, (a) the Current TLA
Outstanding Amount shall automatically be deemed to have been converted into an
equal Outstanding Amount of the Term Loan B, such that the Outstanding Amount
of the Term Loan B shall be increased by the Current TLA Outstanding Amount,
and (b) each Term Loan A Lender holding a portion of the Current TLA
Outstanding Amount shall (if it is not already also a Term Loan B Lender)
automatically become a Term Loan B Lender, and (c) the Pro Rata Term B Share of
the Term Loan B of each Term Loan B Lender shall be equal to the percentage
computed (in each case after giving effect to the conversions described in
subsections (a) and (b) above) as (x) such Term Loan B Lender’s Outstanding
Amount of the Term Loan B divided by (y) the Outstanding Amount of the Term
Loan B. After giving effect to this Section 2, the Outstanding Amount of the
Term Loan A shall be $0, and the Outstanding Amount of the Term Loan B shall be
$80,491,500. Nothing in this Section 2 or otherwise in this Agreement shall
(i) affect the ability of the Borrower to request Loans under the Term Loan A
Facility, up to the Aggregate Term Loan A Commitments to the Term Loan A
Advance Expiration Date in accordance with Section 2.01(a) of the Credit
Agreement, (ii) alter the status of any Term Loan A Lender (determined prior to
giving effect to this Agreement) as a Term Loan A Lender with

3

 

respect to that portion of its Term Loan A Commitment still in effect on
the date of this Agreement (after giving effect thereto), (iii) affect the
amount of the Aggregate Term Loan A Commitments or the Term Loan A Commitment
of any Term Loan A Lender in effect prior to the date of this Agreement, (iv)
increase the Outstanding Amount of the Term Loan B of any Term Loan B Lender
that is not also a Term Loan A Lender, (v) be interpreted to mean that the Term
Loan A Maturity Date has occurred under part (b) of the definition thereof as a
result of the conversion provided for in this Section 2, or (vi) affect the
obligation of the Borrower to make the mandatory repayment of a portion of the
Term Loan B pursuant to Section 2.09(d) on September 30, 2003.

     3.     Conditions Precedent. The effectiveness of this Agreement, the
amendments to the Credit Agreement and the conversions of the Outstanding
Amount of the Term Loan A herein provided, are subject to the satisfaction of
the following conditions precedent:

		
	 	     (a) The Administrative Agent shall have received each of the
following documents or instruments in form and substance reasonably
acceptable to the Administrative Agent:

		
	 	     (i) thirteen (13) original counterparts of this Agreement,
duly executed by the Borrower, the Administrative Agent, each
Guarantor and the Required Lenders, together with all schedules and
exhibits thereto duly completed;

		
	 	     (ii) a Term Loan B Note for each Term Loan A Lender who was
not a Term Loan B Lender prior to this Agreement, to the extent
such Lender so requests;

		
	 	     (iii) such other documents, instruments, opinions,
certifications, undertakings, further assurances and other matters
as the Administrative Agent shall reasonably require; and

		
	 	     (b) all fees and expenses payable to the Administrative Agent and
the Lenders (including the fees and expenses of counsel to the
Administrative Agent) accrued to date shall have been paid in full.

     4.     Consent of the Guarantors. Each of the Guarantors has joined in the
execution of this Agreement for the purposes of consenting hereto and for the
further purpose of confirming its guaranty of the Obligations of the Borrower
pursuant to the Guaranty to which such Guarantor is party. Each Guarantor
hereby consents, acknowledges and agrees to the amendments of the Credit
Agreement set forth herein and hereby confirms and ratifies in all respects the
Guaranty and the other Loan Documents to which such Guarantor is a party and
the enforceability of such Guaranty and other Loan Documents against such
Guarantor in accordance with its terms.

     5.     Representations and Warranties. In order to induce the Administrative
Agent and the Lenders to enter into this Agreement, the Borrower and the
Guarantors, as applicable, represent and warrant to the Administrative Agent
and the Lenders as follows:

4

 

		
	 	     (a) The representations and warranties made by the Borrower in
Article V of the Credit Agreement (after giving effect to this Agreement)
and in each of the other Loan Documents to which it is a party are true
and correct in all material respects on and as of the date hereof, except
to the extent that such representations and warranties expressly relate
to an earlier date;

		
	 	     (b) There has been no material adverse change in the condition,
financial or otherwise, of the Borrower and its Subsidiaries, taken as a
whole, since December 31, 2002; and

		
	 	     (c) The Persons appearing as Guarantors on the signature pages to
this Agreement constitute all Persons who are required to be Guarantors
pursuant to the terms of the Credit Agreement and the other Loan
Documents, including without limitation all Persons who became
Subsidiaries or were otherwise required to become Guarantors after the
Closing Date, and each of such Persons has become and remains a party to
a Guaranty as a Guarantor;

		
	 	     (d) This Agreement has been duly authorized, executed and delivered
by the Borrower and Guarantors party hereto and constitutes a legal,
valid and binding obligation of such parties, except as may be limited by
general principles of equity or by the effect of any applicable
bankruptcy, insolvency, reorganization, moratorium or similar law
affecting creditors’ rights generally; and

		
	 	     (e) After giving effect to this Agreement, no Default or Event of
Default has occurred and is continuing.

     6.     Entire Agreement. This Agreement, together with all the Loan Documents
(collectively, the “Relevant Documents”), sets forth the entire understanding
and agreement of the parties hereto in relation to the subject matter hereof
and supersedes any prior negotiations and agreements among the parties relative
to such subject matter. No promise, condition, representation or warranty,
express or implied, not herein set forth shall bind any party hereto, and not
one of them has relied on any such promise, condition, representation or
warranty. Each of the parties hereto acknowledges that, except as otherwise
expressly stated in the Relevant Documents, no representations, warranties or
commitments, express or implied, have been made by any party to the other.
None of the terms or conditions of this Agreement may be changed, modified,
waived or canceled orally or otherwise, except as permitted pursuant to Section
10.01 of the Credit Agreement.

     7.     Full Force and Effect of Agreement. Except as hereby specifically
amended, modified or supplemented, the Credit Agreement and all other Loan
Documents are hereby confirmed and ratified in all respects by each party
hereto and shall be and remain in full force and effect according to their
respective terms.

5

 

     8.     Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original as against any party
whose signature appears thereon, and all of which shall together constitute one
and the same instrument.

     9.     Governing Law. This Agreement shall in all respects be governed by,
and construed in accordance with, the laws of the state of New York.

     10.     Enforceability. Should any one or more of the provisions of this
Agreement be determined to be illegal or unenforceable as to one or more of the
parties hereto, all other provisions nevertheless shall remain effective and
binding on the parties hereto.

     11.     References. All references in any of the Loan Documents to the
“Credit Agreement” shall mean the Credit Agreement, as amended hereby.

     12.     Successors and Assigns. This Agreement shall be binding upon and
inure to the benefit of the Borrower, the Administrative Agent and each of the
Guarantors and Lenders, and their respective successors, assigns and legal
representatives; provided, however, that neither the Borrower nor any
Guarantor, without the prior consent of the Required Lenders, may assign any
rights, powers, duties or obligations hereunder.

     13.     Expenses. The Borrower agrees to pay to the Administrative Agent all
reasonable out-of-pocket expenses incurred or arising in connection with the
negotiation and preparation of this Agreement.

[Signature pages follow.]

6

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to
Credit Agreement to be made, executed and delivered by their duly authorized
officers as of the day and year first above written.

	 	 	 	 	 
	 	 	BORROWER:
	 	 	 	 	 
	 	 	BLOCK COMMUNICATIONS, INC.
	 	 	 	 	 
	 	 	
By:
	 	/s/ Allan Block
	 	 	 	 	

	 	 	
Name:
	 	Allan Block
	 	 	
Title:
	 	Managing Director
	 	 	 	 	 
	 	 	GUARANTORS:
	 	 	 	 	 
	 	 	BUCKEYE CABLEVISION, INC.
	 	 	 	 	 
	 	 	
By:
	 	/s/ Jodi L. Miehls
	 	 	 	 	

	 	 	
Name:
	 	Jodi L. Miehls
	 	 	
Title:
	 	Asst. Secretary
	 	 	 	 	 
	 	 	ERIE COUNTY CABLEVISION, INC.
	 	 	 	 	 
	 	 	
By:
	 	/s/ Jodi L. Miehls
	 	 	 	 	

	 	 	
Name:
	 	Jodi L. Miehls
	 	 	
Title:
	 	Asst. Secretary
	 	 	 	 	 
	 	 	BUCKEYE TELESYSTEMS, INC.
	 	 	 	 	 
	 	 	
By:
	 	/s/ Jodi L. Miehls
	 	 	 	 	

	 	 	
Name:
	 	Jodi L. Miehls
	 	 	
Title:
	 	Asst. Secretary
	 	 	 	 	 
	 	 	CORPORATE PROTECTION SERVICES, INC.
	 	 	 	 	 
	 	 	
By:
	 	/s/ Jodi L. Miehls
	 	 	 	 	

	 	 	
Name:
	 	Jodi L. Miehls
	 	 	
Title:
	 	Asst. Secretary

Amendment No. 2

Signature Page 1

 

 

	 	 	 	 	 
	 	 	COMMUNITY COMMUNICATION SERVICES, INC.
	 	 	 	 	 
	 	 	
By:
	 	/s/ Jodi L. Miehls
	 	 	 	 	

	 	 	
Name:
	 	Jodi L. Miehls
	 	 	
Title:
	 	Asst. Secretary
	 	 	 	 	 
	 	 	PG PUBLISHING COMPANY
	 	 	 	 	 
	 	 	
By:
	 	/s/ Jodi L. Miehls
	 	 	 	 	

	 	 	
Name:
	 	Jodi L. Miehls
	 	 	
Title:
	 	Asst. Secretary
	 	 	 	 	 
	 	 	MONROE CABLEVISION, INC.
	 	 	 	 	 
	 	 	
By:
	 	/s/ Jodi L. Miehls
	 	 	 	 	

	 	 	
Name:
	 	Jodi L. Miehls
	 	 	
Title:
	 	Asst. Secretary
	 	 	 	 	 
	 	 	LIMA COMMUNICATIONS CORPORATION
	 	 	 	 	 
	 	 	
By:
	 	/s/ Jodi L. Miehls
	 	 	 	 	

	 	 	
Name:
	 	Jodi L. Miehls
	 	 	
Title:
	 	Asst. Secretary
	 	 	 	 	 
	 	 	WLFI-TV, INC.
	 	 	 	 	 
	 	 	
By:
	 	/s/ Jodi L. Miehls
	 	 	 	 	

	 	 	
Name:
	 	Jodi L. Miehls
	 	 	
Title:
	 	Asst. Secretary

Amendment No. 2

Signature Page 2

 

 

	 	 	 	 	 
	 	 	INDEPENDENCE TELEVISION COMPANY
	 	 	 	 	 
	 	 	
By:
	 	/s/ Jodi L. Miehls
	 	 	 	 	

	 	 	
Name:
	 	Jodi L. Miehls
	 	 	
Title:
	 	Asst. Secretary
	 	 	 	 	 
	 	 	TOLEDO AREA TELECOMMUNICATIONS SERVICES, INC.
	 	 	 	 	 
	 	 	
By:
	 	/s/ Jodi L. Miehls
	 	 	 	 	

	 	 	
Name:
	 	Jodi L. Miehls
	 	 	
Title:
	 	Asst. Secretary
	 	 	 	 	 
	 	 	METRO FIBER & CABLE CONSTRUCTION COMPANY
	 	 	 	 	 
	 	 	
By:
	 	/s/ Jodi L. Miehls
	 	 	 	 	

	 	 	
Name:
	 	Jodi L. Miehls
	 	 	
Title:
	 	Asst. Secretary
	 	 	 	 	 
	 	 	IDAHO INDEPENDENT TELEVISION, INC.
	 	 	 	 	 
	 	 	
By:
	 	/s/ Jodi L. Miehls
	 	 	 	 	

	 	 	
Name:
	 	Jodi L. Miehls
	 	 	
Title:
	 	Asst. Secretary
	 	 	 	 	 
	 	 	CARS HOLDING, INC.
	 	 	 	 	 
	 	 	
By:
	 	/s/ Jodi L. Miehls
	 	 	 	 	

	 	 	
Name:
	 	Jodi L. Miehls
	 	 	
Title:
	 	Asst. Secretary

Amendment No. 2

Signature Page 3

 

 

	 	 	 	 	 
	 	 	ACCESS TOLEDO, LTD.
	 	 	 	 	 
	 	 	
By:
	BLOCK COMMUNICATIONS, INC.
	 	 	 	 	 
	 	 	
By:
	 	/s/ Jodi L. Miehls
	 	 	 	 	

	 	 	
Name:
	 	Jodi L. Miehls
	 	 	
Title:
	 	Asst. Secretary

Amendment No. 2

Signature Page 4

 

 

	 	 	 	 	 
	 	 	ADMINISTRATIVE AGENT:
	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A., as Administrative Agent
	 	 	 	 	 
	 	 	
By:
	 	/s/ Derrick C. Bell
	 	 	 	 	

	 	 	
Name:
	 	Derrick C. Bell
	 	 	
Title:
	 	Principal

Amendment No. 2

Signature Page 5

 

 

	 	 	 	 	 
	 	 	LENDERS:
	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A.
	 	 	 	 	 
	 	 	
By:
	 	/s/ Derrick C. Bell
	 	 	 	 	

	 	 	
Name:
	 	Derrick C. Bell
	 	 	
Title:
	 	Principal

Amendment No. 2

Signature Page 6

 

 

	 	 	 	 	 
	 	 	NATIONAL CITY BANK
	 	 	 	 	 
	 	 	
By:
	 	/s/ Christian Kalmbach
	 	 	 	 	

	 	 	
Name:
	 	Christian Kalmbach
	 	 	
Title:
	 	Senior Vice President

Amendment No. 2

Signature Page 7

 

 

	 	 	 	 	 
	 	 	FLEET NATIONAL BANK
	 	 	 	 	 
	 	 	
By:
	 	/s/ Patrick Bonebrake
	 	 	 	 	

	 	 	
Name:
	 	Patrick Bonebrake
	 	 	
Title:
	 	Director

Amendment No. 2

Signature Page 8

 

 

	 	 	 	 	 
	 	 	BANK OF MONTREAL
	 	 	 	 	 
	 	 	
By:
	 	/s/ Michael Silverman
	 	 	 	 	

	 	 	
Name:

Title:
	 	Michael Silverman

Managing Director

Amendment No. 2
 Signature Page 9

 

	 	 	 	 	 
	 	 	COMERICA BANK
	 	 	 	 	 
	 	 	
By:
	 	/s/ Bryndon C. Skelton
	 	 	 	 	

	 	 	
Name:

Title:
	 	Bryndon C. Skelton

Assistant Vice President

Amendment No. 2
 Signature Page 10

 

	 	 	 	 	 
	 	 	THE BANK OF NEW YORK
	 	 	 	 	 
	 	 	
By:
	 	/s/ Michael E. Masters
	 	 	 	 	

	 	 	
Name:

Title:
	 	Michael E. Masters

Vice-President

Amendment No. 2
 Signature Page 11

 

	 	 	 	 	 
	 	 	FIFTH THIRD BANK
	 	 	 	 	 
	 	 	
By:
	 	/s/ Michael R. Miller
	 	 	 	 	

	 	 	
Name:

Title:
	 	Michael R. Miller

Executive Vice President

Amendment No. 2
 Signature Page 12

 

	 	 	 	 	 
	 	 	STANDARD FEDERAL BANK N.A.
	 	 	 	 	 
	 	 	
By:
	 	/s/ Jason W. Bierlein
	 	 	 	 	

	 	 	
Name:

Title:
	 	Jason W. Bierlein

Vice President

Amendment No. 2
 Signature Page 13

 

	 	 	 	 	 
	 	 	GENERAL ELECTRIC CAPITAL CORPORATION
	 	 	 	 	 
	 	 	
By:
	 	/s/ Bhupesh Gupta
	 	 	 	 	

	 	 	
Name:

Title:
	 	Bhupesh Gupta

Manager, Operations

Amendment No. 2
 Signature Page 14

 

	 	 	 	 	 
	 	 	ATRIUM CDO
	 	 	 	 	 
	 	 	
By:
	 	/s/ Andrew H. Marshak
	 	 	 	 	

	 	 	
Name:

Title:
	 	Andrew H. Marshak

Authorized Signatory

Amendment No. 2
 Signature Page 15

 

	 	 	 	 	 
	 	 	BIG SKY SENIOR LOAN FUND, LTD.
	 	 	 	 	 
	 	 	
By:
	Eaton Vance Management,

as Investment Advisor
	 	 	 	 	 
	 	 	
By:
	 	/s/ Scott H. Page
	 	 	 	 	

	 	 	
Name:

Title:
	 	Scott H. Page

Vice President

Amendment No. 2
 Signature Page 16

 

	 	 	 	 	 
	 	 	BRYN MAWR CLO, LTD.
	 	 	 
	 	 	
By:
	Deerfield Capital Management LLC,

as its Collateral Manager
	 	 	 	 	 
	 	 	
By:
	 	/s/ Mark E. Wittnebel
	 	 	 	 	

	 	 	
Name:

Title:
	 	Mark E. Wittnebel

Sr. Vice President

Amendment No. 2
 Signature Page 17

 

	 	 	 	 	 
	 	 	CITIGROUP INVESTMENTS

CORPORATE LOAN FUND INC.
	 	 	 	 	 
	 	 	
By:
	Travelers Asset Management

International Company, LLC
	 	 	 	 	 
	 	 	
By:
	 	/s/ William M. Gardner
	 	 	 	 	

	 	 	
Name:

Title:
	 	William M. Gardner

Investment Officer

Amendment No. 2
 Signature Page 18

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	COSTANTINUS EATON VANCE CDO V, LTD.	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Eaton Vance Management,
	 	 	 	 	as Investment Advisor
	 	 	 	 	 	 	 	 	 	 	 
	 	 	
By:
	 	 	 	  /s/ Scott H. Page	 	 	 	 
	 	 	 	 	 	 	
	 	 	 	 
	 	 	
Name:
	 	 	 	  Scott H. Page	 	 	 	 
	 	 	
Title:
	 	 	 	  Vice President	 	 	 	 

Amendment No. 2

Signature Page 19

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	EATON VANCE CDO III, LTD.	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Eaton Vance Management,
	 	 	 	 	as Investment Advisor
	 	 	 	 	 	 	 	 	 	 	 
	 	 	
By:
	 	 	 	  /s/ Scott H. Page	 	 	 	 
	 	 	 	 	 	 	
	 	 	 	 
	 	 	
Name:
	 	 	 	  Scott H. Page	 	 	 	 
	 	 	
Title:
	 	 	 	  Vice President	 	 	 	 

Amendment No. 2

Signature Page 20

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	EATON VANCE CDO IV, LTD.	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Eaton Vance Management,
	 	 	 	 	as Investment Advisor
	 	 	 	 	 	 	 	 	 	 	 
	 	 	
By:
	 	 	 	  /s/ Scott H. Page	 	 	 	 
	 	 	 	 	 	 	
	 	 	 	 
	 	 	
Name:
	 	 	 	  Scott H. Page	 	 	 	 
	 	 	
Title:
	 	 	 	  Vice President	 	 	 	 

Amendment No. 2

Signature Page 21

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	EATON VANCE INSTITUTIONAL SENIOR LOAN	 	 
	 	 	FUND	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Eaton Vance Management,
	 	 	 	 	as Investment Advisor
	 	 	 	 	 	 	 	 	 	 	 
	 	 	
By:
	 	 	 	  /s/ Scott H. Page	 	 	 	 
	 	 	 	 	 	 	
	 	 	 	 
	 	 	
Name:
	 	 	 	  Scott H. Page	 	 	 	 
	 	 	
Title:
	 	 	 	  Vice President	 	 	 	 

Amendment No. 2

Signature Page 22

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	EATON VANCE SENIOR INCOME TRUST	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Eaton Vance Management,
	 	 	 	 	as Investment Advisor
	 	 	 	 	 	 	 	 	 	 	 
	 	 	
By:
	 	 	 	  /s/ Scott H. Page	 	 	 	 
	 	 	 	 	 	 	
	 	 	 	 
	 	 	
Name:
	 	 	 	  Scott H. Page	 	 	 	 
	 	 	
Title:
	 	 	 	  Vice President	 	 	 	 

Amendment No. 2

Signature Page 23

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	GALLATIN FUNDING I LTD.	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Bear Stearns Asset
Management, Inc.,
	 	 	 	 	as its Collateral Manager
	 	 	 	 	 	 	 	 	 	 	 
	 	 	
By:
	 	 	 	  /s/ Neil D. Rosenberg	 	 	 	 
	 	 	 	 	 	 	
	 	 	 	 
	 	 	
Name:
	 	 	 	  Neil D. Rosenberg	 	 	 	 
	 	 	
Title:
	 	 	 	  Associate Director	 	 	 	 

Amendment No. 2

Signature Page 24

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	GRAYSON & CO.	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Boston Management and
Research,
	 	 	 	 	as Investment Advisor
	 	 	 	 	 	 	 	 	 	 	 
	 	 	
By:
	 	 	 	  /s/ Scott H. Page	 	 	 	 
	 	 	 	 	 	 	
	 	 	 	 
	 	 	
Name:
	 	 	 	  Scott H. Page	 	 	 	 
	 	 	
Title:
	 	 	 	  Vice President	 	 	 	 

Amendment No. 2

Signature Page 25

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	ING PRIME RATE TRUST	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	ING Investments, LLC.,
	 	 	 	 	as its Investment Manager
	 	 	 	 	 	 	 	 	 	 	 
	 	 	
By:
	 	 	 	  /s/ Jeffrey A. Bakalar	 	 	 	 
	 	 	 	 	 	 	
	 	 	 	 
	 	 	
Name:
	 	 	 	  Jeffrey A. Bakalar	 	 	 	 
	 	 	
Title:
	 	 	 	  Senior Vice President	 	 	 	 

Amendment No. 2

Signature Page 26

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	LANDMARK II CDO LIMITED	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	
By:
	 	Aladdin Asset Management
LLC,
	 	 	 	 	as Manager
	 	 	 	 	 	 	 	 	 	 	 
	 	 	
By:
	 	 	 	  /s/ Joseph Moroney, CFA	 	 	 	 
	 	 	 	 	 	 	
	 	 	 	 
	 	 	
Name:
	 	 	 	  Joseph Moroney, CFA	 	 	 	 
	 	 	
Title:
	 	 	 	  Authorized Signatory	 	 	 	 

Amendment No. 2

Signature Page 27

 

 

	 	 	 	 	 
	 	 	OCTAGON INVESTMENT PARTNERS III, LTD.
	 	 	 	 	 
	 	 	
By:
	 	Octagon Credit Investors, LLC,

as Portfolio Manager
	 	 	 	 	 
	 	 	
By:
	 	/s/ Michael B. Nechamkin
	 	 	 	

	 	 	
Name:
	 	Michael B. Nechamkin
	 	 	
Title:
	 	Portfolio Manager

Amendment No. 2

Signature Page 28

 

	 	 	 	 	 
	 	 	OCTAGON INVESTMENT PARTNERS V, LTD.
	 	 	 	 	 
	 	 	
By:
	 	Octagon Credit Investors, LLC,

as Portfolio Manager
	 	 	 	 	 
	 	 	
By:
	 	/s/ Michael B. Nechamkin
	 	 	 	

	 	 	
Name:
	 	Michael B. Nechamkin
	 	 	
Title:
	 	Portfolio Manager

Amendment No. 2

Signature Page 29

	 	 	 	 	 

 

 

	 	 	 	 	 
	 	 	OCTAGON INVESTMENT PARTNERS VI, LLC
	 	 	 	 	 
	 	 	
By:
	 	Octagon Credit Investors, LLC,

as Collateral Manager
	 	 	 	 	 
	 	 	
By:
	 	/s/ Michael B. Nechamkin
	 	 	 	

	 	 	
Name:
	 	Michael B. Nechamkin
	 	 	
Title:
	 	Portfolio Manager

Amendment No. 2

Signature Page 30

	 	 	 	 	 

 

 

	 	 	 	 	 
	 	 	OLYMPIC FUNDING TRUST, SERIES 1999-1
	 	 	 	 	 
	 	 	
By:
	 	/s/ Diana M. Himes
	 	 	 	

	 	 	
Name:
	 	Diana M. Himes
	 	 	
Title:
	 	Authorized Agent

Amendment No. 2

Signature Page 31

 

 

	 	 	 	 	 
	 	 	OXFORD STRATEGIC INCOME FUND
	 	 	 	 	 
	 	 	
By:
	 	Eaton Vance Management,

as Investment Advisor
	 	 	 	 	 
	 	 	
By:
	 	/s/ Scott H. Page
	 	 	 	

	 	 	
Name:
	 	Scott H. Page
	 	 	
Title:
	 	Vice President

Amendment No. 2

Signature Page 32

 

 

	 	 	 	 	 
	 	 	ROSEMONT CLO, LTD.
	 	 	 	 	 
	 	 	
By:
	 	Deerfield Capital Management LLC,

as its Collateral Manager
	 	 	 	 	 
	 	 	
By:
	 	/s/ Mark E. Wittnebel
	 	 	 	

	 	 	
Name:
	 	Mark E. Wittnebel
	 	 	
Title:
	 	Sr. Vice President

Amendment No. 2

Signature Page 33

 

 

	 	 	 	 	 
	 	 	SENIOR DEBT PORTFOLIO
	 	 	 	 	 
	 	 	
By:
	 	Boston Management and Research,

as Investment Advisor
	 	 	 	 	 
	 	 	
By:
	 	/s/ Scott H. Page
	 	 	 	

	 	 	
Name:
	 	Scott H. Page
	 	 	
Title:
	 	Vice President

Amendment No. 2

Signature Page 34

 

 

Annex I

(to Amendment No. 2 to Credit Agreement)

Schedule 1.01(a)

(to Credit Agreement)

COMMITMENTS

AND PRO RATA SHARES

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Revolving Credit	 	Pro Rata	 	Term Loan A
	Lender	 	Commitment	 	Revolving Share	 	Commitment
	
	 	
	 	
	 	

	Atrium CDO
	 	 	 	 	 	 	 	 	 	 	 	 
	Bank of America, N.A.
	 	$	10,370,000.00	 	 	 	12.200000000	%	 	$	2,440,000.00	 
	Bank of Montreal
	 	 	9,520,000.00	 	 	 	11.200000000	%	 	 	2,240,000.00	 
	Bank of New York
	 	 	8,500,000.00	 	 	 	10.000000000	%	 	 	2,000,000.00	 
	Big Sky Senior Loan Fund Ltd.
	 	 	 	 	 	 	 	 	 	 	 	 
	Bryn Mawr CLO Ltd.
	 	 	 	 	 	 	 	 	 	 	 	 
	Citigroup Investments Corporate
	 	 	 	 	 	 	 	 	 	 	 	 
	Comerica Bank
	 	 	9,520,000.00	 	 	 	11.200000000	%	 	 	2,240,000.00	 
	Costantinus Eaton Vance CDO V, Ltd.
	 	 	 	 	 	 	 	 	 	 	 	 
	Eaton Vance CDO III Ltd.
	 	 	 	 	 	 	 	 	 	 	 	 
	Eaton Vance CDO IV Ltd.
	 	 	 	 	 	 	 	 	 	 	 	 
	Eaton Vance Institutional Senior
	 	 	 	 	 	 	 	 	 	 	 	 
	Eaton Vance Senior Income Trust
	 	 	 	 	 	 	 	 	 	 	 	 
	Fifth Third Bank
	 	 	9,520,000.00	 	 	 	11.200000000	%	 	 	2,240,000.00	 
	Fleet National Bank
	 	 	10,200,000.00	 	 	 	12.000000000	%	 	 	2,400,000.00	 
	Gallatin Funding I Ltd.
	 	 	 	 	 	 	 	 	 	 	 	 
	General Electric Capital Corp.
	 	 	8,500,000.00	 	 	 	10.000000000	%	 	 	2,000,000.00	 
	Grayson & Co.
	 	 	 	 	 	 	 	 	 	 	 	 
	ING Prime Rate Trust
	 	 	 	 	 	 	 	 	 	 	 	 
	Landmark II CDO Limited
	 	 	 	 	 	 	 	 	 	 	 	 
	National City Bank
	 	 	10,370,000.00	 	 	 	12.200000000	%	 	 	2,440,000.00	 
	Octagon Investment Partners III Ltd.
	 	 	 	 	 	 	 	 	 	 	 	 
	Octagon Investment Partners IV Ltd.
	 	 	 	 	 	 	 	 	 	 	 	 
	Octagon Investment Partners VI LLC
	 	 	 	 	 	 	 	 	 	 	 	 
	Olympic Funding Trust Series 1999-1
	 	 	 	 	 	 	 	 	 	 	 	 
	Oxford Strategic Income Fund
	 	 	 	 	 	 	 	 	 	 	 	 
	Rosemont CLO Ltd.
	 	 	 	 	 	 	 	 	 	 	 	 
	Senior Debt Portfolio
	 	 	 	 	 	 	 	 	 	 	 	 
	Standard Federal Bank NA
	 	 	8,500,000.00	 	 	 	10.000000000	%	 	 	2,000,000.00	 
	 
	 	 	
	 	 	 	
	 	 	 	
	 
	TOTAL
	 	$	85,000,000.00	 	 	 	100.000000000	%	 	$	20,000,000.00	 

[Additional columns below]

[Continued from above table, first column(s) repeated]

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Pro Rata	 	 	 	 	 	Pro Rata
	Lender	 	Term A Share	 	Term Loan B	 	Term B Share
	
	 	
	 	
	 	

	Atrium CDO
	 	 	 	 	 	$	1,879,773.33	 	 	 	2.335368741	%
	Bank of America, N.A.
	 	 	12.200000000	%	 	 	1,220,000.00	 	 	 	1.515687992	%
	Bank of Montreal
	 	 	11.200000000	%	 	 	3,469,716.67	 	 	 	4.310662207	%
	Bank of New York
	 	 	10.000000000	%	 	 	1,000,000.00	 	 	 	1.242367206	%
	Big Sky Senior Loan Fund Ltd.
	 	 	 	 	 	 	1,877,417.74	 	 	 	2.332442233	%
	Bryn Mawr CLO Ltd.
	 	 	 	 	 	 	1,879,773.33	 	 	 	2.335368741	%
	Citigroup Investments Corporate
	 	 	 	 	 	 	939,886.67	 	 	 	1.167684377	%
	Comerica Bank
	 	 	11.200000000	%	 	 	3,469,716.67	 	 	 	4.310662207	%
	Costantinus Eaton Vance CDO V, Ltd.
	 	 	 	 	 	 	3,289,603.33	 	 	 	4.086895300	%
	Eaton Vance CDO III Ltd.
	 	 	 	 	 	 	939,886.67	 	 	 	1.167684377	%
	Eaton Vance CDO IV Ltd.
	 	 	 	 	 	 	1,879,773.33	 	 	 	2.335368741	%
	Eaton Vance Institutional Senior
	 	 	 	 	 	 	1,879,773.33	 	 	 	2.335368741	%
	Eaton Vance Senior Income Trust
	 	 	 	 	 	 	939,886.67	 	 	 	1.167684377	%
	Fifth Third Bank
	 	 	11.200000000	%	 	 	1,120,000.00	 	 	 	1.391451271	%
	Fleet National Bank
	 	 	12.000000000	%	 	 	5,899,433.33	 	 	 	7.329262506	%
	Gallatin Funding I Ltd.
	 	 	 	 	 	 	4,699,433.33	 	 	 	5.838421858	%
	General Electric Capital Corp.
	 	 	10.000000000	%	 	 	5,699,433.33	 	 	 	7.080789065	%
	Grayson & Co.
	 	 	 	 	 	 	5,167,021.08	 	 	 	6.419337545	%
	ING Prime Rate Trust
	 	 	 	 	 	 	2,819,660.00	 	 	 	3.503053117	%
	Landmark II CDO Limited
	 	 	 	 	 	 	2,343,827.64	 	 	 	2.911894598	%
	National City Bank
	 	 	12.200000000	%	 	 	8,739,093.33	 	 	 	10.857162968	%
	Octagon Investment Partners III Ltd.
	 	 	 	 	 	 	4,699,433.33	 	 	 	5.838421858	%
	Octagon Investment Partners IV Ltd.
	 	 	 	 	 	 	4,240,090.23	 	 	 	5.267749054	%
	Octagon Investment Partners VI LLC
	 	 	 	 	 	 	939,886.67	 	 	 	1.167684377	%
	Olympic Funding Trust Series 1999-1
	 	 	 	 	 	 	1,409,830.00	 	 	 	1.751526559	%
	Oxford Strategic Income Fund
	 	 	 	 	 	 	469,943.33	 	 	 	0.583842182	%
	Rosemont CLO Ltd.
	 	 	 	 	 	 	469,943.33	 	 	 	0.583842182	%
	Senior Debt Portfolio
	 	 	 	 	 	 	4,229,490.00	 	 	 	5.254579676	%
	Standard Federal Bank NA
	 	 	10.000000000	%	 	 	2,879,773.33	 	 	 	3.577735947	%
	 
	 	 	
	 	 	 	
	 	 	 	
	 
	TOTAL
	 	 	100.000000000	%	 	$	80,491,500.00	 	 	 	100.000000000	%

Annex I to amendment No. 2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]