Document:

Exhibit 4.1

                                CREDIT AGREEMENT
                                ----------------

     This Credit Agreement (the "Agreement") is entered effective as of the 26th
day of February,  2008,  by and between  COHESANT  INC., a Delaware  corporation
("Borrower"), and REGIONS BANK, an Alabama banking corporation ("Bank").

Section 1. Definitions.
           -----------

     Certain  capitalized terms have the meanings set forth on Exhibit 1 hereto.
All financial terms used in this Agreement but not defined on Exhibit 1 have the
meanings  given to them by GAAP.  All other  undefined  terms have the  meanings
given to them in the Indiana Uniform Commercial Code.

Section 2. Loan.
           ----

     2.1.  Revolving  Credit  Loans.  (a)  Subject  to the terms and  conditions
hereof, Bank hereby extends to Borrower a revolving line of credit facility (the
"Facility") under which Bank may make loans (the "Revolving  Loans") to Borrower
at Borrower's  request from time to time during the term of this Agreement in an
aggregate  amount not to exceed Two Million  Five  Hundred  Thousand  and No/100
Dollars ($2,500,000.00).

     Bank may  create  and  maintain  reserves  from time to time  based on such
credit and collateral considerations as Bank may deem appropriate.  Borrower may
borrow,  prepay  (without  penalty or charge),  and reborrow under the Facility,
provided that the principal amount of all Revolving Loans outstanding at any one
time under the Facility  will not exceed Two Million  Five Hundred  Thousand and
No/100 Dollars ($2,500,000.00).  If the amount of Revolving Loans outstanding at
any  time  under  the  Facility  exceeds  the  foregoing  limit,  Borrower  will
immediately pay the amount of such excess to Bank in cash. In the event Borrower
fails to pay such  excess,  Bank may,  in its  discretion,  setoff  such  amount
against Borrower's accounts at Bank and declare an Event of Default.

     (b) The  Borrower  agrees  that  the Bank may  rely  upon  any  written  or
telephonic  notice  given by any person the Bank in good  faith  believes  is an
authorized  representative  without the necessity of  independent  investigation
and, in the event any telephonic notice conflicts with the written confirmation,
such telephonic  notice shall govern if the Bank has acted in reliance  thereon.
Bank will make  Revolving  Loans by crediting  the amount  thereof to Borrower's
account at Bank.  Loan  proceeds  will be used by Borrower  for general  working
capital purposes.

     (c) On the date  hereof,  Borrower  will duly  issue and  deliver to Bank a
Revolving  Line of  Credit  Note in form and  content  acceptable  to Bank  (the
"Revolving  Note"), in the principal amount of Two Million Five Hundred Thousand
and  No/100  Dollars  ($2,500,000.00),  bearing  interest  as  specified  in the
Revolving Note.

     (d) The  term of the  Facility  will  expire  on  April  30,  2009  and the
Revolving  Note will  become  payable in full on that date.  Bank's  decision to
renew  the  term  of the  Facility  will  include,  but  not be  limited  to,  a
consideration of whether any Event of Default has occurred and whether there has
been any material adverse change in Borrower's operations or business prospects.

     2.2 Fees and Expenses. Either on or before closing, or promptly upon demand
thereafter,  Borrower shall reimburse to Bank all reasonable  costs and expenses
incurred by Bank  associated  with the  extension of the Loan to the Borrower as
contemplated by this Agreement,  including without limitation,  recording costs,
attorneys' fees and other out-of-pocket  expenses,  in accordance with the terms
and  requirements  as set forth in Section 4.11 hereof.  Failure to promptly pay
all amounts due under this subsection shall constitute an Event of Default under
this Agreement.

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Section 3. Representations And Warranties.
           ------------------------------

     Borrower hereby warrants and represents to Bank the following:

     3.1  Organization  and  Qualification.  Borrower  is a duly  organized  and
validly existing corporation under the laws of the State of Delaware,  its state
of  organization,  has the power and  authority  to carry on its business and to
enter into and perform this  Agreement,  the Revolving  Note, and the other Loan
Documents to which it is a party,  is  qualified  and licensed to do business in
each  jurisdiction  in which such  qualification  or licensing is required.  All
information provided to Bank with respect to Borrower and its operations is true
and correct in all material respects.

     3.2. Due Authorization. The execution, delivery and performance by Borrower
of this  Agreement,  the Revolving Note and the other Loan Documents to which it
is a party  have been duly  authorized  by all  necessary  action,  and will not
contravene any law or any governmental rule or order binding on Borrower, or the
Articles of Incorporation  or By-Laws of Borrower,  nor violate any agreement or
instrument  by which  Borrower is bound nor result in the  creation of a Lien on
any assets of Borrower except the Lien granted to Bank herein. Borrower has duly
executed and delivered this  Agreement,  the Revolving  Note, and the other Loan
Documents to which it is a party and they are valid and binding  obligations  of
Borrower  enforceable  according to their  respective terms except as limited by
equitable principles and by bankruptcy, insolvency or similar laws affecting the
rights of creditors generally.  No notice to or consent by any governmental body
is needed in connection with this transaction.

     3.3.  Litigation.  There  are  no  suits  or  proceedings  pending  or,  to
Borrower's  knowledge,   threatened  against  or  affecting  Borrower,   and  no
proceedings   before  any  governmental  body  are  pending  or,  to  Borrower's
knowledge, threatened against Borrower.

     3.4 Margin Stock. No part of the Loan will be used to purchase or carry, or
to reduce or retire or refinance any credit  incurred to purchase or carry,  any
margin  stock  (within  the  meaning  of  Regulations  U and X of the  Board  of
Governors of the Federal  Reserve  System) or to extend credit to others for the
purpose of  purchasing  or carrying  any margin  stock.  If  requested  by Bank,
Borrower will furnish to Bank statements in conformity with the  requirements of
Federal Reserve Form U-1.

     3.5  Business.  Borrower is not a party to or subject to any  agreement  or
restriction  which in the  opinion  of  Borrower's  management  is so unusual or
burdensome that it might have a material adverse effect on Borrower's  business,
properties or prospects.

     3.6 Licenses,  etc. To the best of Borrower's  knowledge  following all due
and  reasonable  inquiry,  Borrower has obtained any and all licenses,  permits,
franchises,  governmental  authorizations,  patents,  trademarks,  copyrights or
other rights  necessary for the ownership of its properties and the advantageous
conduct of its business.  Borrower possesses adequate licenses,  patents, patent
applications, copyrights, trademarks, trademark applications, and trade names to
continue to conduct its  business as  heretofore  conducted  by it,  without any
conflict with the rights of any other person or entity. All of the foregoing are
in full force and effect and none of the  foregoing  are in known  conflict with
the rights of others.

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     3.7 Laws and Taxes. To the best of Borrower's  knowledge  following all due
and reasonable  inquiry,  Borrower is in compliance with all laws,  regulations,
rulings,  orders,   injunctions,   decrees,  conditions  or  other  requirements
applicable  to or  imposed  upon  Borrower  by any  law  or by any  governmental
authority,  court or agency in any  respect  material  to  Borrower's  business,
assets or  prospects.  Borrower  has filed all  required tax returns and reports
that are now required to be filed by it in  connection  with any federal,  state
and local tax, duty or charge  levied,  assessed or imposed upon Borrower or its
assets, including unemployment, social security, and real estate taxes. Borrower
has paid all  taxes  which are now due and  payable.  No  taxing  authority  has
asserted or assessed any additional tax liabilities  against  Borrower which are
outstanding on the date of this Agreement other than real property taxes not yet
due and payable,  and  Borrower has not filed for any  extension of time for the
payment of any tax or the filing of any tax return or report.

     3.8 Financial  Condition.  All financial  information  relating to Borrower
which has been or may  hereafter  be  delivered  by Borrower or on its behalf to
Bank is true and  correct in all  material  respects.  Borrower  has no material
obligations  or  liabilities  of  any  kind  not  disclosed  in  that  financial
information,  and there has been no  material  adverse  change in the  financial
condition of Borrower nor has Borrower suffered any damage,  destruction or loss
which has adversely  affected its business or assets since the submission of the
most recent financial information to Bank.

     3.9 Title.  Borrower has good and marketable  title to the assets reflected
on the most recent  balance  sheet  submitted  to Bank,  free and clear from all
liens and encumbrances of any kind, except for Permitted Liens.

     3.10 Defaults.  Borrower is in compliance in all material respects with all
material agreements applicable to it and there does not now exist any default or
violation by Borrower of or under any of the terms, conditions or obligations of
(a) its Articles of  Incorporation or By-Laws,  or (b) any indenture,  mortgage,
deed of trust,  franchise,  permit,  contract,  agreement or other instrument to
which Borrower is a party or by which it is bound,  and the  consummation of the
transactions  contemplated  by this Agreement will not result in such default or
violation.

     3.11 Environmental Laws. To the best of Borrower's  knowledge following all
due and reasonable inquiry:

     (a) Borrower has obtained all permits, licenses and other authorizations or
approvals  which are required  under  Environmental  Laws and  Borrower,  to its
knowledge  following all appropriate  inquiry,  is in compliance in all material
respects  with all terms  and  conditions  of the  required  permits,  licenses,
authorizations and approvals, and is also in compliance in all material respects
with all other limitations,  restrictions,  conditions, standards, prohibitions,
requirements,   obligations,   schedules   and   timetables   contained  in  the
Environmental Laws.

     (b)  Borrower  is not aware of, and has not  received  notice of, any past,
present or future  events,  conditions,  circumstances,  activities,  practices,
incidents,  actions or plans which may interfere  with or prevent  compliance or
continued  compliance,  in any material respect, with Environmental Laws, or may
give rise to any material common law or legal  liability,  or otherwise form the
basis of any material claim, action, demand, suit, proceeding, hearing, study or
investigation, based on or related to the manufacture, processing, distribution,
use,  treatment,  storage,  disposal,  transport  or handling  or the  emission,
discharge, release or threatened release into the environment, of any pollutant,
contaminant, chemical, or industrial, toxic or hazardous substance or waste.

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     (c) There is no civil,  criminal or  administrative  action  suit,  demand,
claim, hearing,  notice or demand letter, notice of violation,  investigation or
proceeding  pending  or  threatened  against  Borrower,  relating  in any way to
Environmental Laws.

     3.12  Subsidiaries and  Partnerships.  Borrower has no subsidiaries  (other
than  Cohesant  Materials  Inc.,  CuraFlo  Franchising  Inc.,  CuraFlo  Spincast
Services Inc., CuraFlo Services Inc., RLS Solutions Inc., (on and after March 1,
2008)  and  CuraFlo  of  British  Columbia  Ltd.)  and  is  not a  party  to any
partnership agreement or joint venture agreement.

     3.13 ERISA.  Borrower and all  individuals  or entities along with Borrower
would be treated as a single  employer under ERISA or the Internal  Revenue Code
of 1986, as amended (an "ERISA Affiliate"),  are in compliance with all of their
obligations to contribute to any "employee benefit plan" as that term is defined
in Section 3(3) of the Employee  Retirement Income Security Act of 1974, and any
regulations  promulgated  thereunder from time to time  ("ERISA").  Borrower and
each of its ERISA Affiliates are in full compliance with ERISA, and there exists
no event described in Section 4043(b) thereof ("Reportable Event").

     3.14 USA  Patriot  Act.  Borrower  represents  and  warrants  that  neither
Borrower nor any of its  affiliates is a country,  individual or entity named on
the  Specifically  Designated  National and Blocked Persons (SDN) list issued by
the Office of Foreign  Asset  Control of the  Department  of the Treasury of the
United States of America.

Section 4. Affirmative Covenants.
           ---------------------

     4.1 Books and Records.  Borrower will maintain  proper books of account and
records and enter  therein  complete and accurate  entries and records of all of
its transactions in accordance with generally accepted accounting principles and
give  representatives of Bank access thereto at all reasonable times,  including
permission to examine,  copy and make  abstracts from any such books and records
and such other  information  which  might be helpful to Bank in  evaluating  the
status of the Loan as it may reasonably request from time to time. Borrower will
give Bank reasonable access to the Collateral and the other property of Borrower
securing the Obligations for the purpose of performing  examinations thereof and
to verify its condition or existence.

     4.2  Financial  Statements.  Borrower  will  maintain a standard and modern
system for accounting and will furnish to Bank or cause to be furnished to Bank:

     (a) Within forty-five (45) days after the end of each quarterly period, the
internally-prepared  financial  statements  of Borrower  consisting of a balance
sheet and  statement  of income and  expense  prepared in  accordance  with GAAP
consistently  applied  and  certified  by the  principal  financial  officer  of
Borrower as being true and correct;

     (b) Within one hundred twenty (120) days after the end of each fiscal year,
a copy of Borrower's  audited  financial  statements for that year prepared by a
firm of independent certified public accountants acceptable to Bank, prepared in
accordance with GAAP;

     (c) With the statements  submitted  under (a), and (b) above, a certificate
signed  by  the   principal   financial   officer  or  other   duly   authorized
representative  of  Borrower,  (i)  stating he is  familiar  with all  documents
relating to Bank and that no Event of Default  specified in this Agreement,  nor
any event which upon notice or lapse of time, or both would  constitute  such an
Event of Default,  has  occurred,  or if any such  condition or event existed or
exists,  specifying it and describing what action Borrower has taken or proposes
to take with respect thereto,  and (ii) setting forth, in summary form,  figures
showing  the   financial   status  of  Borrower  in  respect  of  the  financial
restrictions/covenants contained in this Agreement;

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     (d) As soon as  available,  and in no event  later  than  thirty  (30) days
following the date of filing, copies of all tax returns filed by Borrower; and

     (e) From time to time such other information concerning the Borrower as the
Bank may reasonably request.

     If at  any  time  Borrower  has  any  additional  subsidiaries  which  have
financial  statements  that could be  consolidated  with those of Borrower under
GAAP, the financial  statements  required by subsections (a), and (b) above will
be the financial statements of Borrower and all such subsidiaries  prepared on a
consolidated and consolidating basis.

     4.3  Condition and Repair.  Borrower  will maintain the  Collateral in good
repair and working order and will make all appropriate  repairs and replacements
thereof.

     4.4  Insurance.  Borrower  covenants  and agrees with Bank that, so long as
this  Agreement  remains in effect,  Borrower  will maintain fire and other risk
insurance,  public,  liability  insurance,  and such other insurance as Bank may
require with respect to Borrower's properties and operations,  in form, amounts,
coverages  and with  insurance  companies  acceptable  to Bank.  Borrower,  upon
request  of  Bank,  will  deliver  to Bank  from  time to time the  policies  or
certificates  of  insurance  in  form  and  satisfactorily  to  Bank,  including
stipulations that coverages will not be cancelled or diminished without at least
ten (10) days prior written  notice to Bank.  Each  insurance  policy also shall
include an  endorsement  providing  that  coverage  in favor of Bank will not be
impaired  in any way by any act,  omission  or default of  Borrower or any other
person.  In connection with all policies  covering assets in which Bank holds or
is offered a security  interest for the Loans,  Borrower  will provide Bank with
such Bank's loss payable or other endorsements as Bank may require.

     Borrower  covenants  and agrees with Bank that,  so long as this  Agreement
remains in effect,  Borrower will furnish to Bank, upon request of Bank, reports
on  each  existing  insurance  policy  showing  such  information  as  Bank  may
reasonably request,  including without limitation the following: (1) the name of
the  insurer;  (2) the risks  insured;  (3) the  amount of the  policy;  (4) the
properties  insured;  (5) the then current property values on the basis of which
insurance has been obtained, and the manner of determining those values; and (6)
the expiration date of the policy.

     4.5  Taxes.  Borrower  will pay when due all taxes,  assessments  and other
governmental charges imposed upon it or its assets, franchises, business, income
or  profits  before any  penalty or  interest  accrues  thereon,  and all claims
(including,  without  limitation,  claims for  labor,  services,  materials  and
supplies)  for sums  which  by law  might  be a lien or  charge  upon any of its
assets,  provided  that  (unless any  material  item or property  would be lost,
forfeited  or  materially  damaged as a result  thereof) no such charge or claim
need be paid if it is  being  diligently  contested  in good  faith,  if Bank is
notified  in advance of such  contest and if  Borrower  establishes  an adequate
reserve or other appropriate provision required by generally accepted accounting
principles and deposits with Bank cash or bond in an amount acceptable to Bank.

     4.6  Existence;  Business.  Borrower will (a) maintain its  existence,  (b)
engage  primarily  in  business  of the  same  general  character  as  that  now
conducted,  (c) refrain from entering  into any lines of business  substantially
different  from the  business  or  activities  in which  Borrower  is  presently
engaged,  (d) except as  specifically  consented  to by the Bank,  refrain  from
liquidating,  merging,  transferring,  acquiring or consolidating with any other
entity, changing its name, dissolving, or transferring or selling Collateral out
of the normal course of business,  and (e) following the  occurrence  and during
the  continuance of an Event of Default (or if an Event of Default will occur as
result of such  distribution)  refrain from making any distribution with respect
to any capital  account,  whether by reduction of capital or  otherwise,  except
that distributions solely for the payment of federal, state or local taxes shall
be  permissible.  Borrower  agrees that,  so long as this  Agreement  remains in
effect,  Borrower will use of all Loan proceeds  solely for Borrower's  business
operations, unless specifically consented to the contrary by Bank in writing.

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     4.7 Environmental Studies.  Borrower represents and warrants to Bank, as of
the  date of  this  Agreement,  as of the  date  of  each  disbursement  of loan
proceeds, as of the date of any renewal,  extension or modification of the Loan,
and at all times any  Indebtedness  exists,  that Borrower will promptly conduct
and complete, at Borrower's expense, all such investigations, studies, samplings
and  testings  as may be  requested  by Bank,  limited to one such  request  per
calendar year, or any governmental  authority relative to any substance,  or any
waste or by-product of any substance  defined as toxic or a hazardous  substance
under  applicable  federal,  state,  or local  law,  rule  regulation,  order or
directive, at or affecting any property or any facility owned, leased or used by
Borrower.

     4.8 Environmental Compliance and Reports.  Borrower represents and warrants
to Bank, as of the date of this Agreement,  as of the date of each  disbursement
of loan proceeds,  as of the date of any renewal,  extension or  modification of
the Loan, and at all times any Indebtedness  exists,  that Borrower shall comply
in all  respects  with any and all  Environmental  Laws;  not cause or permit to
exist,  as a result of an  intentional  or  unintentional  action or omission on
Borrower's  part or on the part of any third  party,  on property  owned  and/or
occupied by Borrower,  any environmental activity where damage may result to the
environment, unless such environmental activity is pursuant to and in compliance
with the  conditions of a permit  issued by the  appropriate  federal,  state or
local governmental authorities;  shall furnish to Bank promptly and in any event
within  thirty (30) days after  receipt  thereof a copy of any notice,  summons,
lien, citation,  directive,  letter or other communication from any governmental
agency or instrumentality  concerning any intentional or unintentional action or
omission  on  Borrower's  part in  connection  with any  environmental  activity
whether or not there is damage to the environment and/or other natural resource.

     4.9 Compliance with Laws. Borrower will comply with all federal,  state and
local  laws,  regulations  and  orders  applicable  to  Borrower  or its  assets
including but not limited to all Environmental Laws, in all respects material to
Borrower's business,  assets or prospects and shall furnish to Bank promptly and
in any event  within ten (10) days after  receipt  thereof a copy of any notice,
summons,  lien,  citation,  directive,  letter or other  communication  from any
governmental  agency or  instrumentality  concerning  any violation of any rule,
regulation,  statute,  ordinance,  order or law relating to the public health or
the  environment  and of any  complaint  or  notifications  received by Borrower
regarding to any environmental or safety and health rule,  regulation,  statute,
ordinance or law.

     4.10  Notice  of  Default.  Borrower  will,  within  three  (3) days of its
knowledge  thereof,  give written  notice to Bank of (a) the  occurrence  of any
event or the existence of any condition which would be, after notice or lapse of
applicable  grace  periods,  an Event of Default and  specifying  the nature and
period of existence  thereof and what action  Borrower has taken or is taking or
proposes to take in respect thereof,  and (b) the occurrence of any event or the
existence of any condition which would prohibit Borrower from continuing to make
the representations set forth in this Agreement.

     4.11  Costs.  Borrower  will  pay to Bank  its  fees,  costs  and  expenses
including, without limitation, reasonable attorneys' fees, appraisal fees, title
fees,  expert fees,  court costs,  litigation  and other expense  (collectively,
"Costs")   incurred  or  paid  by  Bank  in  connection  with  the  negotiating,
documenting,  administering  and enforcing  the Facility,  the Loan and the Loan
Documents evidencing or securing the Facility and the defense,  preservation and
protection  of  Bank's  rights  and  remedies   thereunder,   including  without
limitation,  its  security  interest  in the  Collateral  or any other  property
pledged  to  secure  the  Loan,  whether  incurred  in  bankruptcy,  insolvency,
foreclosure or other  litigation or  proceedings or otherwise.  Bank may hire or
pay someone  else to help  enforce this  Agreement,  and Borrower  shall pay the
costs and  expenses  of such  enforcement.  Costs and  expenses  include  Bank's
attorneys' fees and legal expenses whether or not there is a lawsuit,  including
reasonable  attorneys'  fees  and  legal  expenses  for  bankruptcy  proceedings
(including  efforts  to modify  or vacate  any  automatic  stay or  injunction),
appeals, and any anticipated  post-judgment  collection services.  Borrower also
shall pay all court  costs and such  additional  fees as may be  directed by the
court.

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     4.12  Other  Amounts  Deemed  Loans.  If  Borrower  fails  to pay any  tax,
assessment, governmental charge or levy or to maintain insurance within the time
permitted or required by this  Agreement,  or to discharge  any Lien  prohibited
hereby,  or to comply  with any  other  Obligation,  Bank may,  but shall not be
obligated  to,  pay,  satisfy,  discharge  or bond the same for the  account  of
Borrower,  and to the extent  permitted  by law and at the  option of Bank,  all
monies so paid by Bank on behalf of Borrower will be deemed a Loan and a part of
the Indebtedness.

     4.13  Tangible Net Worth Ratio.  Borrower  shall  maintain a ratio of total
liabilities  to  Tangible  Net  Worth  of not  greater  than  2.00:1.00,  tested
quarterly based upon Borrower's fiscal year.

     4.14 Fixed Charge  Ratio.  Borrower  shall  maintain a minimum Fixed Charge
Coverage Ratio of 1.10:1.00,  tested  annually as of the end of each fiscal year
of Borrower.

     4.15 Execution of Guaranty  Documents by RLS Solutions Inc. Within five (5)
days of the formation of RLS Solutions Inc.  ("RLS"),  cause the duly authorized
officers of RLS to execute and deliver to Bank the following in form and content
reasonably acceptable to Bank:

     (a)  Continuing Guaranty Agreement;
     (b)  Security Agreement and Perfection Certificate;
     (c)  Certificate of Guarantor; and
     (d)  Patriot Act compliance certification and related documents.

Section 5. Negative Covenants.
           ------------------

     5.1  Prepayments.  After the occurrence and during the  continuation  of an
Event of Default, Borrower will not voluntarily prepay any indebtedness owing by
Borrower  prior  to  the  stated  maturity  date  thereof  other  than  (i)  the
Obligations  and (ii)  indebtedness to trade creditors where the prepayment will
result in a discount on the amount due.

     5.2 Indebtedness and Liens. Other than the Permitted Liens,  Borrower shall
not,  without  the prior  written  consent  of Bank:  (1)  Except for trade debt
incurred in the normal course of business and Indebtedness to Bank  contemplated
by this Agreement or currently reflected on Borrower's most recent balance sheet
(which  shall  not be  increased),  create,  incur or  assume  indebtedness  for
borrowed money, (2) sell, transfer,  mortgage,  assign,  pledge,  lease, grant a
security  interest in, or encumber any of  Borrower's  assets,  or (3) sell with
recourse any of Borrower's accounts, except to Bank.

     5.3  Guarantees  and  Loans.  Borrower  will not enter  into any  direct or
indirect  guarantees  other than by  endorsement  of checks for deposit or other
than in the ordinary  course of business nor make any advance or loan other than
in the ordinary course of business as presently  conducted,  including,  without
limitation, loans and advances to employees of Borrower.

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     5.4  Capital  Stock;  Dividends.  Borrower  will not issue  any  additional
capital stock, nor grant any warrants,  options or other rights to purchase such
capital  stock,  the effect of which would create an Event of Default under this
Agreement.  Following the occurrence and during the  continuation of an Event of
Default  (or if an Event of Default  will  occur as a result of such  dividend),
Borrower  will not (a) declare or pay any  dividends on its capital  stock other
than for the sole purpose of paying  federal,  state and local taxes  related to
the Borrower's  business,  (b) make any payments of any kind to its shareholders
(including, without limitation, debt repayments,  payments for goods or services
or otherwise, but excluding ordinary salary payments to shareholders employed by
Borrower) or (c) redeem any shares of its capital stock in any fiscal year.

     5.5 Merger;  Disposition of Assets.  Without prior written consent of Bank,
Borrower  will not (a) change its capital  structure,  (b) merge or  consolidate
with any  corporation,  (c) amend or change its  Articles  of  Incorporation  or
By-Laws or (d) sell,  transfer or  otherwise  dispose of all or any  substantial
part of its assets, whether now owned or hereafter acquired.

     5.6 Transactions with Affiliates.  Borrower will not (a) except for certain
existing  guaranty  obligations  relating to  franchise  obligations  of CuraFlo
Franchising  Inc.  which have  previously  been  disclosed to Bank,  directly or
indirectly  issue any guarantee for the benefit of any of its Affiliates  except
with respect to Obligations of a Guarantor,  (b) directly or indirectly make any
loans or advances to or investments in any of its Affiliates, (c) enter into any
transaction with any of its Affiliates,  other than transactions entered into on
an arm's length basis in the normal course of Borrower's business, or (d) divert
(or permit anyone to divert) any of its business  opportunities to any Affiliate
or any other  corporate or business  entity in which  Borrower holds a direct or
indirect interest.

     5.7 Investments. Borrower will not purchase or hold beneficially any stock,
securities or evidences of  indebtedness  of, or make any  investment or acquire
any interest in, any other firm,  partnership,  corporation or entity other than
short  term  investments  of  excess  working  capital  in  one or  more  of the
following:  (a)  investments  (of one  year or  less) in  direct  or  guaranteed
obligations of the United States, or any agencies  thereof;  and (b) investments
(of one year or less) in  certificates  of deposit  of banks or trust  companies
organized  under  the laws of the  United  States or any  jurisdiction  thereof,
provided that such banks or trust  companies are insured by the Federal  Deposit
Insurance Corporation and have capital in excess of $250,000,000.00.

     5.8 Government  Regulation.  Borrower shall not (a) be or become subject at
any time to any law,  regulation or list of any  government  agency  (including,
without  limitation,  the U.S.  Office  of  Foreign  Asset  Control  list)  that
prohibits  or limits  Bank from  making any  advance or  extension  of credit to
Borrower or from otherwise  conducting  business with  Borrower,  or (b) fail to
provide  documentary  and  other  evidence  of  Borrower's  identity  as  may be
requested by Bank at any time to enable Bank to verify Borrower's identity or to
comply with any  applicable law or regulation,  including,  without  limitation,
Section 326 of the USA Patriot Act of 2001, 31 U.S.C. Section 5318.

Section 6. Events of Default and Remedies.
           ------------------------------

     6.1 Events of Default.  Each of the  following  events shall  constitute an
Event of Default ("Event of Default"):

                                       8
<PAGE>

     (a)  any change in ownership of  twenty-five  percent  (25%) or more of the
          common stock of Borrower; or

     (b)  the  dissolution  or  termination  of Borrower's  existence as a going
          business,  the insolvency of Borrower,  the  appointment of a receiver
          for any part of Borrower's property, any assignment for the benefit of
          creditors,  any type of creditor  workout,  or the commencement of any
          proceeding  under any  bankruptcy  or  insolvency  laws by or  against
          Borrower which is not dismissed within thirty (30) days; or

     (c)  Borrower defaults beyond any applicable grace and/or cure period under
          any loan, extension of credit,  security agreement,  purchase or sales
          agreement,  or any other agreement,  in favor of any other creditor or
          person  that may  materially  affect  any of  Borrower's  property  or
          Borrower's  ability to repay the Loan or perform its obligations under
          this Agreement or any of the Loan Documents to which it is a party; or

     (d)  Borrower  fails to make any  payment  within ten (10) days of when due
          under the Loan; or

     (e)  Bank in good faith believes itself insecure; or

     (f)  Borrower   fails  to  comply  with  or  to  perform  any  other  term,
          obligation,  covenant or condition  contained in this  Agreement or in
          any of the Loan  Documents to which it is a party or to comply with or
          to perform any term,  obligation,  covenant or condition  contained in
          any other  agreement  between Bank and Borrower;  within  fifteen (15)
          days of the issuance of written notice by Bank; or

     (g)  any warranty, representation or statement made or furnished to Bank by
          Borrower or on  borrower's  behalf  under this  Agreement  or the Loan
          Documents is knowingly  false or misleading  in any material  respect,
          either  now or at the  time  made or  furnished  or  becomes  false or
          misleading at any time thereafter; or

     (h)  this Agreement or any of the Loan Documents ceases to be in full force
          and effect (including  failure of any collateral  document to create a
          valid and perfected security interest or lien) at any time and for any
          reason; or

     (i)  commencement  of  foreclosure  or forfeiture  proceedings,  whether by
          judicial proceeding,  self-help,  repossession or any other method, by
          any  creditor  of  Borrower or by a  governmental  agency  against any
          collateral  securing  the Loan which are not stayed or vacated  within
          sixty (60) days.  This  includes a  garnishment  of any of  Borrower's
          accounts,  including deposit accounts,  with Bank. However, this Event
          of  Default  shall  not  apply  if there is a good  faith  dispute  by
          Borrower as to the  validity or  reasonableness  of the claim which is
          the basis of the  creditor or  forfeiture  proceeding  and if Borrower
          gives Bank written notice of the creditor or forfeiture proceeding and
          deposits  with  Bank  monies  or a  surety  bond for the  creditor  or
          forfeiture  proceeding,  in an amount  determined by Bank, in its sole
          discretion, as being an adequate reserve or bond for the dispute; or

     (j)  any Guarantor  defaults under its Guaranty beyond any applicable grace
          and/or cure period or any  Guarantor  revokes or disputes the validity
          of, or liability under, any Guaranty of the Indebtedness.

                                       9
<PAGE>

     6.2 Remedies.  If any Event of Default occurs, Bank may (i) cease advancing
money  hereunder,  (ii)  declare all Loans to be  immediately  due and  payable,
whereupon such Loans will immediately become due and payable, (iii) exercise any
and all rights and remedies  provided by applicable law and the Loan  Documents,
(iv) proceed to realize upon the Collateral or any property  securing the Loans,
including,  without limitation,  causing all or any part of the Collateral to be
transferred  or registered in its name or in the name of any other person,  firm
or corporation, with or without designation of the capacity of such nominee, all
without presentment,  demand,  protest, or notice of any kind, each of which are
hereby expressly waived by Borrower. Borrower shall be liable for any deficiency
remaining  after  disposition  of any  Collateral,  and waives all valuation and
appraisement laws.

     6.3 Setoff.  To the extent  permitted by applicable  law, Bank reserves the
right of setoff in all Borrower's accounts with Bank (whether checking, savings,
or some other account).  This includes all accounts  Borrower holds jointly with
someone else and all accounts  Borrower  may open in the future.  However,  this
does not  include any IRA or Keogh  accounts,  or any trust  accounts  for which
setoff would be  prohibited  by law.  Borrower  authorizes  Bank,  to the extent
permitted  by  applicable  law,  to  charge  or  setoff  all  sums  owing on the
Indebtedness  against  any and all such  accounts,  and,  at Bank's  option,  to
administratively freeze all such accounts to allow Bank to protect Bank's charge
and setoff rights provided in this paragraph.

     6.4 No Remedy  Exclusive.  No remedy set forth  herein is  exclusive of any
other  available  remedy or remedies,  but each is cumulative and in addition to
every other remedy available under this Agreement,  the Loan Documents or as may
be now or hereafter  existing at law, in equity or by statute.  Borrower  waives
any  requirement of marshaling of assets which may be secured by any of the Loan
Documents.

     6.5 Effect of  Termination.  The  termination  of this  Agreement  will not
affect  any  rights of either  party or any  obligation  of either  party to the
other,  arising  prior  to the  effective  date  of  such  termination,  and the
provisions  hereof shall continue to be fully operative  until all  transactions
entered into,  rights created or Obligations  incurred prior to such termination
have been fully  disposed of,  concluded or liquidated.  The security  interest,
lien and rights  granted to Bank  hereunder  and under the Loan  Documents  will
continue  in full force and  effect,  notwithstanding  the  termination  of this
Agreement or the fact that no Loan is outstanding to Borrower,  until all of the
Obligations, have been paid in full.

     6.6 No  Adequate  Remedy  at Law.  Borrower  recognizes  that in the  event
Borrower  fails to pay,  perform,  observe or discharge  any of its  Obligations
under this  Agreement,  the Note or the other Loan  Documents,  no remedy at law
will  provide  adequate  relief to Bank and  Borrower  agrees that Bank shall be
entitled to temporary and permanent  injunctive  relief in any such case without
the necessity of proving that it has incurred actual damages.

Section 7. Conditions Precedent.
           --------------------

     7.1 Conditions to Disbursement of the Loan. Bank will have no obligation to
make or advance the Loan until  Borrower has  delivered to Bank at or before the
closing date, in form and substance satisfactory to Bank:

     (a)  Execution  and  delivery  of two (2) copies of this  Agreement  by the
          Borrower.

     (b)  Execution  and delivery of one (1) copy of the  Revolving  Note by the
          Borrower, together with a request for advance under the Facility.

                                       10
<PAGE>

     (c)  Execution  and delivery of two (2) copies of a Security  Agreement and
          Perfection Certificate by the Borrower.

     (d)  Execution  and delivery of two (2) copies of a Security  Agreement and
          Perfection Certificate by each Guarantor.

     (e)  Receipt of a Borrower's  Certificate,  complete  with  exhibits,  duly
          executed  by  duly  authorized  officer  or  other  representative  of
          Borrower.

     (f)  Receipt of a Guarantor's  Certificate,  complete with  exhibits,  duly
          executed by duly authorized  officer or other  representative  of each
          Guarantor.

     (g)  Receipt of a Loss Payee  Endorsement  for  Insurance  relating  to the
          Collateral and copies of the insurance policies.

     (h)  Receipt of duly completed  executed  Patriot Act  documentation by the
          Borrower and each Guarantor.

     (i)  Execution  and  delivery  of one (1) copy of the  Continuing  Guaranty
          Agreement executed by each Guarantor.

     (j)  Evidence of the successful acquisition of Cohesant Technologies,  Inc.
          by  Graco,  Inc.  and  successful  spin-off  of all  assets  (with the
          exception of GlasCraft, Inc. assets).

     (k)  Receipt of other documents, instruments or certificates which the Bank
          in its sole and exclusive  discretion may reasonably require which are
          not inconsistent with the requirements of this Agreement.

     (l)  Payment by  Borrower  to Bank of the fees and  expenses  specified  in
          Section 2.2 hereof.

Section 8. Miscellaneous Provisions.
           ------------------------

     8.1  Miscellaneous.  This  Agreement,  the  exhibits  and  the  other  Loan
Documents  are the complete  agreement of the parties  hereto and  supersede all
previous  understandings  relating to the subject matter hereof.  This Agreement
may be amended only in writing  signed by the party against whom  enforcement of
the amendment is sought. This Agreement may be executed in counterparts.  If any
part of this Agreement is held invalid, illegal or unenforceable,  the remainder
of this  Agreement  will not in any way be  affected.  This  Agreement is and is
intended to be a continuing  agreement  and will remain in full force and effect
until the Loan is  finally  and  irrevocably  paid in full and the  Facility  is
terminated.

     8.2 Waiver by Borrower.  Borrower  waives  notice of  non-payment,  demand,
presentment,  protest or notice of protest of any Accounts or other  Collateral,
and all other notices  (except those notices  specifically  provided for in this
Agreement);  consents to any renewals or extensions of time of payment  thereof;
and generally waives any and all suretyship  defenses and defenses in the nature
thereof.

     8.3 Binding  Effect.  This  Agreement will be binding upon and inure to the
benefit of the respective legal  representatives,  successors and assigns of the
parties hereto;  however,  Borrower may not assign or transfer any of its rights
or  delegate  any of its  Obligations  under this  Agreement  or any of the Loan
Documents, by operation of law or otherwise.  Bank (and any subsequent assignee)
may  transfer  and assign any of its rights or delegate  any of its duties under
this Agreement or may transfer or assign partial  interests or  participation in
the Loan to other  persons.  Bank may  disclose  to all  prospective  and actual
assignees and participants all financial, business and other information about a
Borrower which Bank may possess at any time.

                                       11
<PAGE>

     8.4 Subsidiaries  and Affiliates of Borrower.  To the extent the context of
any  provision  of  this  Agreement  makes  it  appropriate,  including  without
limitation any representation, warranty or covenant, the word "Borrower" as used
in this Agreement shall include all of Borrower's  subsidiaries  and affiliates.
Notwithstanding  the  foregoing  however,  under  no  circumstances  shall  this
Agreement  be  construed  to  require  Bank to make any Loan or other  financial
accommodation to any of Borrower's subsidiaries or affiliates.

     8.5  Security.  The  Obligations  are secured as provided  herein,  in this
Agreement,  the  Security  Agreement,  in the Loan  Documents  and in each other
document or agreement which by its terms secures the repayment or performance of
the  Obligations.   Additionally,  the  Indebtedness  shall  be  unconditionally
guarantied by the Guarantors.

     8.6 Survival.  All  representations,  warranties,  covenants and agreements
made by Borrower herein and in the Loan Documents will survive the execution and
delivery of this Agreement, the Loan Documents and the issuance of the Note.

     8.7  Delay  or  Omission.  No  delay  or  omission  on the  part of Bank in
exercising  any right,  remedy or power  arising  from any Event of Default will
impair any such right,  remedy or power or any other right remedy or power or be
considered  a waiver or any right,  remedy or power or any Event of Default  nor
will the action or omission to act by Bank upon the  occurrence  of any Event of
Default impair any right,  remedy or power arising as a result thereof or affect
any subsequent Event of Default of the same or different nature.

     8.8 Notices. Any notices under or pursuant to this Agreement will be deemed
duly sent when delivered in hand or when mailed by registered or certified mail,
return receipt requested, addressed as follows:

         To Borrower:    Cohesant Inc.
                         23400 Commerce Park
                         Beachwood, Ohio 44122
                         Attention: Robert Pawlak

         To Bank:        Regions Bank
                         One Indiana Square, Suite 227
                         Indianapolis, Indiana 46204
                         Attention: Scott Dvornik

     Either  party may change  such  address by  sending  written  notice of the
change to the other party.

     8.9 No  Partnership.  Nothing  contained  herein  or in  any  of  the  Loan
Documents is intended to create or will be construed to create any  partnership,
joint  venture or other  relationship  between Bank and  Borrower  other than as
expressly  set forth  herein or therein  and will not create any joint  venture,
partnership or other relationship.

                                       12
<PAGE>

     8.10 Indemnification. If after receipt of any payment of all or part of the
Obligations,  Bank is for any reason  compelled to surrender such payment to any
person or entity, because such payment is determined to be void or voidable as a
preference,  impermissible setoff, or diversion of trust funds, or for any other
reason,  this Agreement will continue in full force and effect and Borrower will
be liable to, and will indemnify,  save and hold Bank, its officers,  directors,
attorneys,  and  employees  harmless  of and from  the  amount  of such  payment
surrendered.  The  provisions  of  this  Section  will be and  remain  effective
notwithstanding  any  contrary  action  which  may  have  been  taken by Bank in
reliance on such payment,  and any such contrary action so taken will be without
prejudice to Bank's rights under this  Agreement and will be deemed to have been
conditioned upon such payment becoming final,  indefeasible and irrevocable.  In
addition,  Borrower will  indemnify,  defend,  save and hold Bank, its officers,
directors,  attorneys,  and employees  harmless of, from and against all claims,
demands,  liabilities,  judgments, losses, damages, costs and expenses, joint or
several (including all accounting fees and attorneys' fees incurred),  that Bank
or any such  indemnified  party may incur arising out of this Agreement,  any of
the Loan  Documents  evidencing  or  securing  the Loan or any act taken by Bank
hereunder  except  for  the  willful  misconduct  or  gross  negligence  of such
indemnified  party.  The provisions of this Section will survive the termination
of this Agreement.

     8.11 Depository Account Acknowledgment.  Borrower and Bank severally,  each
for itself, acknowledges and agrees that, except as provided herein with respect
to Borrower's  obligation to maintain depository  account(s) (if any) with Bank,
the extension(s) of credit provided for herein are neither  conditioned upon nor
have the  interest  rates  and fees  therefor  been set  based  upon  Borrower's
agreement to purchase any other product or service from Bank. Further,  Borrower
and Bank severally,  each for itself,  acknowledges and agrees that Bank has not
offered these  extension(s) of credit or offered to reduce the interest  rate(s)
or fee(s) therefor except as provided herein.

     8.12  Governing  Law;  Jurisdiction.  This  Agreement  will be governed by,
construed and enforced in accordance  with federal law and the laws of the State
of Indiana.  This  Agreement  has been accepted by Bank in the State of Indiana.
Borrower agrees that the state and federal courts in Marion County,  Indiana, or
any other court in which Bank initiates proceedings have exclusive  jurisdiction
over all matters arising out of this  Agreement,  and that service of process in
any such  proceeding  will be  effective  if mailed to  Borrower  at its address
described in the Notices  section of this  Agreement.  BANK AND BORROWER  HEREBY
WAIVE THE RIGHT TO TRIAL BY JURY OF ANY MATTERS ARISING OUT OF THIS AGREEMENT OR
THE TRANSACTIONS CONTEMPLATED HEREBY.

     8.13 Consent to Participation.  Borrower agrees and consents to Bank's sale
or transfer, whether now or later, of one or more participation interests in the
Loan to one or more  purchasers,  whether related or unrelated to Bank. Bank may
provide,  without any limitation whatsoever,  to any one or more purchasers,  or
potential purchasers,  any information or knowledge Bank may have about Borrower
or about any other matter  relating to the Loan, and Borrower  hereby waives any
rights to  privacy  Borrower  may have with  respect to such  matters.  Borrower
additionally waives any and all notices of sale of participation  interests,  as
well as all notices of any repurchase of such participation interests.  Borrower
also agrees that the  purchasers  of any such  participation  interests  will be
considered  as the absolute  owners of such  interests in the Loan and will have
all the rights granted under the participation agreement or agreements governing
the sale of such participation interests.  Borrower further waives all rights of
offset or counterclaim that it may have now or later against Bank or against any
purchaser of such participation  interest and unconditionally agrees that either
Bank  or such  purchaser  may  enforce  Borrower's  obligation  under  the  Loan
irrespective  of the failure or  insolvency of any holder of any interest in the
Loan.  Borrower  further  agrees that the  purchaser  of any such  participation
interests  may enforce its  interests  irrespective  of any  personal  claims or
defenses that Borrower may have against Bank.

                                       13
<PAGE>

     8.14  Amendments  and/or  Modifications.  Bank  shall not be deemed to have
waived  any  rights  under the Loan  Documents  unless  such  waiver is given in
writing and signed by the Bank.  Notwithstanding any provision in this Agreement
to the contrary,  this  Agreement may be modified by mutual  consent of the Bank
and  Borrower.  Bank shall send written  notice of the  amendment to Borrower at
Borrower's  address set forth in Section 8.8 hereof. Any such amendment shall be
effective according to its terms; provided, however, the Borrower has the option
to pay the Note according to its terms and choose not to accept the amendment.

      [REMAINDER OF THIS PAGE INTENTIONALLY BLANK - SIGNATURE PAGE FOLLOWS]

                                       14
<PAGE>

IN WITNESS WHEREOF, Borrower and Bank have executed this Agreement by their duly
authorized officers or other representatives as of the date first above written.

                                            COHESANT INC.

                                            By: /s/ Robert Pawlak
                                                --------------------------------

                                            Printed: Robert Pawlak
                                                     ---------------------------

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

                                            REGIONS BANK

                                            By: /s/ Scott A. Dvornik
                                                --------------------------------
                                                Scott A. Dvornik, Vice President

STATE OF INDIANA                )
                                )  SS:
COUNTY OF_____________          )

     Before  me the  undersigned,  a Notary  Public in and for said  County  and
State,  personally  appeared  __________________,   the  ___________________  of
Cohesant Inc., a Delaware  corporation,  who  acknowledged  the execution of the
above and foregoing instrument on behalf of said corporation in such capacity.

     Witness my hand and Notarial Seal this ____ day of February, 2008.

My Commission Expires:
                                    --------------------------------------------
-------------------------           Notary Public

My County of Residence:
                                    --------------------------------------------
-------------------------           Printed

                                       15
<PAGE>

                                    EXHIBITS
                                       TO
                                CREDIT AGREEMENT
                                     BETWEEN
                                  COHESANT INC.
                                       AND
                                  REGIONS BANK

         Exhibit 1        -      Definitions
         Exhibit 3.9      -      Permitted Liens

                                       16
<PAGE>

                                    EXHIBIT 1
                                    ---------

                                   DEFINITIONS
                                   -----------

o    "Affiliate" means, as to Borrower, (a) any person or entity which, directly
     or  indirectly,  is in  control  of, is  controlled  by or is under  common
     control  with,  Borrower,  or (b) any person who is a director,  officer or
     employee (i) of Borrower or (ii) of any person  described in the  preceding
     clause (a).

o    "Collateral"  has  the  meaning  assigned  to  that  term  in the  Security
     Agreement and Perfection Certificates.

o    "Default Rate" means that upon default, including failure to pay upon final
     maturity,  Bank at its option,  may, if  permitted  under  applicable  law,
     increase the interest rate on the applicable Note 3.000 percentage  points.
     In no event will the interest rate accruing  under any Note be increased to
     be in excess of the maximum  interest rate permitted by applicable state or
     federal usury laws then in effect.

o    "EBITDA" means, as of any date of determination,  with respect to Borrower,
     the sum of (a) net income,  plus (b) to the extent  deducted in determining
     net  income,   income  taxes  paid  or  accrued,   plus  (c)  depreciation,
     amortization  and other non-cash charges shown as a charge against earnings
     for such period, minus (d) distributions and dividends declared and paid by
     Borrower,  plus (e) interest expense;  in each instance  determined for the
     trailing four (4) quarter period ending on the date of determination.

o    "Environmental  Laws" means all  federal,  state,  local and  foreign  laws
     relating to pollution or  protection  of the  environment,  including  laws
     relating  to  emissions,  discharges,  releases or  threatened  releases of
     pollutants,  contaminants,  chemicals,  or  industrial  toxic or  hazardous
     substances or wastes into the  environment  (including  without  limitation
     ambient air, surface water, ground water or land), or otherwise relating to
     the  manufacture,   processing,   distribution,  use,  treatment,  storage,
     disposal, transport or handling of pollutants,  contaminants,  chemicals or
     industrial,  toxic  or  hazardous  substances  or  wastes,  and any and all
     regulations, codes, plans, orders, decrees, judgments, injunctions, notices
     or demand letters issued, entered promulgated or approved thereunder.

o    "ERISA" means the Federal Employee Retirement Income Security Act of 1974.

o    "Event(s) of Default" will have the meaning set forth in Section 6.1 of the
     Agreement

o    "Fixed  Charge  Ratio" means EBITDA  (adjusted  for non-cash  charges) less
     unfunded capital  expenditures less dividends less taxes divided by the sum
     of principal payments plus interest expense.

o    "GAAP" means  generally  accepted  accounting  principles as in effect from
     time to time.

o    "Guaranty"  means  the  Continuing  Guaranty  Agreement  executed  by  each
     Guarantor for the benefit of the Bank.

<PAGE>

o    "Guarantor"  means  Cohesant  Materials  Inc.,  CuraFlo  Franchising  Inc.,
     CuraFlo Spincast Services Inc.,  CuraFlo Services Inc., and,  following its
     incorporation  on or about March 1, 2008, RLS Solutions  Inc,  individually
     and collectively as applicable.

o    "Indebtedness"  means and includes without  limitation all Loans,  together
     with all other obligations, any premiums, debts and liabilities of Borrower
     to Bank,  or any one or more of them, as well as all claims by Bank against
     Borrower,  or any one or more of them;  whether now or hereafter  existing,
     voluntary  or  involuntary,   due  or  not  due,  absolute  or  contingent,
     liquidated or unliquidated;  whether Borrower may be liable individually or
     jointly with  others;  whether  Borrower  may be  obligated  as  guarantor,
     surety,  or otherwise;  whether  recovery upon such  indebtedness may be or
     hereafter may become barred by any statute of limitations; and whether such
     Indebtedness may be or hereafter may become otherwise unenforceable.

o    "Lien" means any security interest,  mortgage, pledge, assignment,  lien or
     other  encumbrance of any kind,  including  interests of vendors or lessors
     under conditional sale contracts and capitalized leases.

o    "Loan"  or  "Loans"  means  the  Revolving  Loans and any and all loans and
     financial  accommodations  from Bank to Borrower  whether now or  hereafter
     existing,  and however evidenced,  including without limitation those loans
     and financial  accommodations  described herein or described on any exhibit
     or schedule attached to this Agreement from time to time.

o    "Loan  Documents"  means this  Agreement,  the Revolving Note, the Security
     Agreements,  the Guaranty and every other document or agreement executed by
     any party evidencing,  guarantying or securing any of the Obligations;  and
     "Loan Document" means any one of the Loan Documents.

o    "Obligation(s)" means all loans,  advances,  indebtedness,  liabilities and
     obligations of Borrower owed to Bank of every kind and description  whether
     now existing or hereafter arising including without limitation,  those owed
     by Borrower to others and  acquired by Bank,  by  purchase,  assignment  or
     otherwise,  and whether  direct or  indirect,  primary or as  guarantor  or
     surety,  absolute or  contingent,  liquidated or  unliquidated,  matured or
     unmatured,  whether or not secured by additional collateral,  and including
     without  limitation all liabilities,  obligations and indebtedness  arising
     under this Agreement, the Revolving Note, and the other Loan Documents, all
     obligations  to  perform or  forbear  from  performing  acts,  all  amounts
     represented  by letters of credit now or  hereafter  issued by Bank for the
     benefit of or at the request of Borrower,  and all expenses and  attorneys'
     fees  incurred  by Bank  under  this  Agreement  or any other  document  or
     instrument related to any of the foregoing.

o    "Permitted Liens" means those liens and encumbrances listed on Exhibit 3.9,
     and (1) liens and security interests securing Indebtedness owed by Borrower
     to Bank; (2) liens for taxes,  assessments,  or similar  charges either not
     yet due or  being  contested  in good  faith;  (3)  liens  of  materialmen,
     mechanics,  warehousemen,  or carriers,  or other like liens arising in the
     ordinary  course of business  and  securing  obligations  which are not yet
     delinquent;  (4) purchase money liens or purchase money security  interests
     upon or in any property acquired or held by Borrower in the ordinary course
     of  business  to  secure  indebtedness  outstanding  on the  date  of  this
     Agreement or permitted to be incurred under the paragraph of this Agreement
     titled  "Indebtedness  and Liens";  (5) other liens and security  interests
     which,  as of the  date of  this  Agreement,  have  been  disclosed  to and
     approved by the Bank in writing;  (6) those  liens and  security  interests
     which in the  aggregate  constitute an  immaterial  insignificant  monetary
     amount with respect to the net value of  Borrower's  assets;  and (7) liens
     and  encumbrances,  if any,  reflected or noted on  Borrower's  most recent
     balance sheets submitted to Bank or notes thereto..

<PAGE>

o    "Facility" will have the meaning set forth in Section 2.1 of the Agreement.

o    "Revolving  Note" has the  meaning  assigned to that term in Section 2.1 of
     the Agreement.

o    "Security   Agreement"   means  the  Security   Agreement  and   Perfection
     Certificate  executed by Borrower and the Security Agreement and Perfection
     Certificate executed by each Guarantor of even date herewith.

o    "Subsidiary"  means  any  corporation  or other  business  entity  of which
     Borrower  directly or indirectly  owns or controls at the time  outstanding
     stock or other equity  interests having under ordinary  circumstances  (not
     depending  on the  happening  of a  contingency)  voting  power  to elect a
     majority  of the  board  of  directors  or  other  governing  body  of said
     corporation or entity.

o    "Tangible  Net  Worth"  shall  mean the total of the  capital  stock  (less
     treasury stock), paid-in surplus, general contingency reserves and retained
     earnings  (deficit)  of Borrower  and any  Subsidiary  as  determined  on a
     consolidated   basis  in  accordance   with  GAAP  after   eliminating  all
     inter-company  items and all  amounts  properly  attributable  to  minority
     interests,  if any, in the stock and surplus of any  Subsidiary,  minus the
     following items (without  duplication of deductions),  if any, appearing on
     the consolidated balance sheet of Borrower:

           (i) all  deferred  charges  (less   amortization,   unamortized  debt
               discount and expense and corporate organization expenses);

          (ii) the  book  amount  of  all  assets  which  would  be  treated  as
               intangibles  under  generally  accepted  accounting   principles,
               including,  without limitation, such items as goodwill, trademark
               applications,   trade   names,   service   marks,   brand  names,
               copyrights, patents, patent applications and licenses, and rights
               with respect to the foregoing;

         (iii) the amount by which aggregate inventories or aggregate securities
               appearing on the asset side of such  consolidated  balance  sheet
               exceed  the  lower of cost or  market  value (at the date of such
               balance sheet) thereof; and

          (iv) any  write-up  in the book amount of any asset  resulting  from a
               revaluation thereof from the book amount entered upon acquisition
               of such asset.

<PAGE>

                                   EXHIBIT 3.9

                                 PERMITTED LIENS

                                       N/AExhibit 4.2

                               SECURITY AGREEMENT
                               ------------------

     SECURITY AGREEMENT, dated as of February 26, 2008, between COHESANT INC., a
Delaware  corporation  (the  "Company"),  and REGIONS BANK,  an Alabama  banking
corporation (the "Lender").

     WHEREAS,  the Company has entered into a Credit  Agreement dated as of even
date (as amended and in effect from time to time, the "Credit Agreement"),  with
the Lender,  pursuant to which the Lender,  subject to the terms and  conditions
contained  therein,  is to make  loans or  otherwise  to  extend  credit  to the
Company; and

     WHEREAS,  it is a condition  precedent to the Lender's  making any loans or
otherwise  extending  credit to the Company under the Credit  Agreement that the
Company execute and deliver to the Lender a security  agreement in substantially
the form hereof, and

     WHEREAS,  the Company  wishes to grant  security  interests in favor of the
Lender as herein provided.

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

     1. Definitions. All capitalized terms used herein without definitions shall
have the respective meanings provided therefor in the Credit Agreement. The term
"State",  as used herein,  means the State of Indiana.  All terms defined in the
Uniform  Commercial  Code of the  State  and  used  herein  shall  have the same
definitions  herein as  specified  therein.  However,  if a term is  defined  in
Article  9 of the  Uniform  Commercial  Code of the  State  differently  than in
another Article of the Uniform  Commercial  Code of the State,  the term has the
meaning specified in Article 9. The term  "Obligations",  as used herein,  means
all of the  indebtedness,  Obligations  and  liabilities  of the  Company to the
Lender,  individually  or  collectively,  whether  direct or indirect,  joint or
several, absolute or contingent, due or to become due, now existing or hereafter
arising  under or in respect  of the Credit  Agreement,  any  promissory  notes,
guaranties or other  instruments or agreements  executed and delivered  pursuant
thereto or in  connection  therewith or this  Agreement,  and the term "Event of
Default", as used herein, means an Event of Default under the Credit Agreement.

     2. Grant of Security Interest.  The Company hereby grants to the Lender, to
secure the payment and performance in full of all of the Obligations, a security
interest in and so pledges and assigns to the Lender the  following  properties,
assets  and  rights  of the  Company,  wherever  located,  whether  now owned or
hereafter acquired or arising, and all proceeds and products thereof (all of the
same being  hereinafter  called the  "Collateral"):  all  personal  and  fixture
property  of every  kind and  nature  including  without  limitation  all  goods
(including  inventory,   equipment  and  any  accessions  thereto),  instruments
(including  promissory  notes),   documents,   accounts  (including  health-care
insurance receivables),  chattel paper (whether tangible or electronic), deposit
accounts,  letter-of-credit  rights  (whether  or not the  letter  of  credit is
evidenced  by a  writing),  commercial  tort  claims,  securities  and all other
investment property, supporting obligations, any other contract rights or rights
to the payment of money,  insurance  claims and proceeds,  tort claims,  and all
general  intangibles  including,  without limitation,  all payment  intangibles,
patents, patent applications,  trademarks,  trademark applications, trade names,
copyrights,  copyright  applications,  software,  engineering drawings,  service
marks, customer lists,  goodwill, and all licenses,  permits,  agreements of any
kind or nature pursuant to which the Company possesses, uses or has authority to
possess or use property  (whether  tangible or  intangible)  of others or others
possess,  use or have authority to possess or use property  (whether tangible or
intangible)  of the  Company,  and  all  recorded  data of any  kind or  nature,
regardless  of the  medium  of  recording  including,  without  limitation,  all
software,   writings,   plans,   specifications   and  schematics.   The  Lender
acknowledges that the attachment of its security interest in any commercial tort
claim as original collateral is subject to the Company's compliance with Section
4.7 hereof.

                                       1
<PAGE>

     3.  Authorization  to  File  Financing   Statements.   The  Company  hereby
irrevocably  authorizes  the Lender at any time and from time to time to file in
any Uniform  Commercial Code jurisdiction any initial  financing  statements and
amendments  thereto that (a) indicate  the  Collateral  (i) as all assets of the
Company or words of similar effect,  regardless of whether any particular  asset
comprised in the  Collateral  falls within the scope of Article 9 of the Uniform
Commercial Code of the State or such Jurisdiction,  or (ii) as being of an equal
or lesser scope or with greater  detail,  and (b) contain any other  information
required by part 5 of Article 9 of the Uniform  Commercial Code of the State for
the  sufficiency  or filing  office  acceptance  of any  financing  statement or
amendment,  including  (i) whether the Company is an  organization,  the type of
organization  and any organization  identification  number issued to the Company
and,  (ii) in the case of a  financing  statement  filed as a fixture  filing or
indicating  Collateral  as  as-extracted  collateral  or  timber  to be  cut,  a
sufficient  description  of real property to which the Collateral  relates.  The
Company  agrees to furnish  any such  information  to the Lender  promptly  upon
request.  The Company  also  ratifies its  authorization  for the Lender to have
filed in any Uniform  Commercial Code  Jurisdiction  any like initial  financing
statements or amendments thereto if filed prior to the date hereof.

     4. Other Actions.  Further to insure the  attachment,  perfection and first
priority  of, and the ability of the Lender to enforce,  the  Lender's  security
interest in the Collateral,  the Company  agrees,  in each case at the Company's
own  expense,  to take the  following  actions  with  respect  to the  following
Collateral:

          4.1. Promissory Notes and Tangible Chattel Paper. If the Company shall
               at any time hold or  acquire  any  promissory  notes or  tangible
               chattel paper,  the Company shall forthwith  endorse,  assign and
               deliver the same to the Lender,  accompanied by such  instruments
               of transfer or  assignment  duly  executed in blank as the Lender
               may from time to time specify.

          4.2. Deposit  Accounts.  For each deposit  account that the Company at
               any time opens or maintains,  the Company shall,  at the Lender's
               request  and  option,  pursuant  to  an  agreement  in  form  and
               substance  satisfactory  to the  Lender,  either  (a)  cause  the
               depositary bank to agree to comply at any time with  instructions
               from the Lender to such depositary bank directing the disposition
               of funds  from time to time  credited  to such  deposit  account,
               without  further  consent of the Company,  or (b) arrange for the
               Lender to become the customer of the depositary bank with respect
               to the deposit account,  with the Company being  permitted,  only
               with the  consent of the Lender,  to exercise  rights to withdraw
               funds  from such  deposit  account.  The Lender  agrees  with the
               Company that the Lender shall not give any such  instructions  or
               withhold any withdrawal rights from the Company,  unless an Event
               of Default has  occurred  and is  continuing,  or,  after  giving
               effect to any  withdrawal  not  otherwise  permitted  by the Loan
               Documents,  would occur.  The provisions of this paragraph  shall
               not apply to (i) any deposit  account for which the Company,  the
               depositary   bank  and  the  Lender  have  entered  into  a  cash
               collateral  agreement specially negotiated among the Company, the
               depositary bank and the Lender for the specific purpose set forth
               therein,  (ii)  deposit  accounts  for  which  the  Lender is the
               depositary,  and (iii) deposit accounts specially and exclusively
               used for  payroll,  payroll  taxes  and other  employee  wage and
               benefit payments to or for the benefit of the Company's  salaried
               employees.

                                       2
<PAGE>

          4.3. Investment  Property.  If the  Company  shall at any time hold or
               acquire any certificated securities,  the Company shall forthwith
               endorse,  assign and deliver the same to the Lender,  accompanied
               by such  instruments  of transfer or assignment  duly executed in
               blank  as the  Lender  may  from  time  to time  specify.  If any
               securities   now  or  hereafter   acquired  by  the  Company  are
               uncertificated  and are  issued  to the  Company  or its  nominee
               directly by the issuer  thereof,  the Company  shall  immediately
               notify  the Lender  thereof  and,  at the  Lender's  request  and
               option,   pursuant  to  an  agreement   in  form  and   substance
               satisfactory to the Lender,  either (a) cause the issuer to agree
               to  comply  with   instructions   from  the  Lender  as  to  such
               securities,  without  further  consent  of the  Company  or  such
               nominee,  or (b) arrange for the Lender to become the  registered
               owner of the securities. If any securities,  whether certificated
               or uncertificated,  or other investment property now or hereafter
               acquired  by the  Company  are held by the Company or its nominee
               through a securities intermediary or commodity intermediary,  the
               Company shall  immediately  notify the Lender thereof and, at the
               Lender's request and option, pursuant to an agreement in form and
               substance  satisfactory  to the  Lender,  either  (i) cause  such
               securities  intermediary  or  (as  the  case  may  be)  commodity
               intermediary to agree to comply with entitlement  orders or other
               instructions  from the Lender to such securities  intermediary as
               to such securities or other investment property,  or (as the case
               may  be)  to  apply  any  value  distributed  on  account  of any
               commodity  contract as  directed by the Lender to such  commodity
               intermediary, in each case without further consent of the Company
               or such nominee, or (ii) in the case of financial assets or other
               investment  property  held  through  a  securities  intermediary,
               arrange  for the Lender to become  the  entitlement  holder  with
               respect  to such  investment  property,  with the  Company  being
               permitted,  only with the  consent  of the  Lender,  to  exercise
               rights  to  withdraw  or  otherwise  deal  with  such  investment
               property.  The Lender  agrees  with the  Company  that the Lender
               shall not give any such  entitlement  orders or  instructions  or
               directions  to  any  such  issuer,   securities  intermediary  or
               commodity intermediary, and shall not withhold its consent to the
               exercise  of any  withdrawal  or dealing  rights by the  Company,
               unless an Event of Default has  occurred and is  continuing,  or,
               after giving effect to any such investment and withdrawal  rights
               not otherwise  permitted by the Loan Documents,  would occur. The
               provisions  of this  paragraph  shall not apply to any  financial
               assets  credited to a securities  account for which the Lender is
               the securities intermediary.

                                       3
<PAGE>

          4.4. Collateral in the Possession of a Bailee. If any goods are at any
               time in the  possession of a bailee,  the Company shall  promptly
               notify the Lender thereof and, if requested by the Lender,  shall
               promptly obtain an  acknowledgment  from the bailee,  in form and
               substance  satisfactory to the Lender, that the bailee holds such
               Collateral  for the  benefit of the Lender and shall act upon the
               instructions  of the Lender,  without the further  consent of the
               Company. The Lender agrees with the Company that the Lender shall
               not give any such  instructions  unless an Event of  Default  has
               occurred  and is  continuing  or would  occur  after  taking into
               account any action by the Company with respect to the bailee.

          4.5. Electronic Chattel Paper and Transferable Records. If the Company
               at any time  holds or  acquires  an  interest  in any  electronic
               chattel  paper  or any  "transferable  record,"  as that  term is
               defined in Section 201 of the federal  Electronic  Signatures  in
               Global and National Commerce Act, or in Section 16 of the Uniform
               Electronic   Transactions  Act  as  in  effect  in  any  relevant
               jurisdiction,  the  Company  shall  promptly  notify  the  Lender
               thereof and, at the request of the Lender, shall take such action
               as the  Lender  may  reasonably  request  to vest  in the  Lender
               control, under Section 9.1-105 of the Uniform Commercial Code, of
               such electronic chattel paper or control under Section 201 of the
               federal Electronic Signatures in Global and National Commerce Act
               or,  as the case may be,  Section  16 of the  Uniform  Electronic
               Transactions Act, as so in effect in such  Jurisdiction,  of such
               transferable  record. The Lender agrees with the Company that the
               Lender will arrange,  pursuant to procedures  satisfactory to the
               Lender  and so long as such  procedures  will not  result  in the
               Lender's loss of control,  for the Company to make alterations to
               the electronic  chattel paper or  transferable  record  permitted
               under UCC Section  9.1-105 or, as the case may be, Section 201 of
               the federal Electronic Signatures in Global and National Commerce
               Act or Section 16 of the Uniform Electronic  Transactions Act for
               a party in control to make  without  loss of  control,  unless an
               Event of Default has  occurred and is  continuing  or would occur
               after  taking into account any action by the Company with respect
               to such electronic chattel paper or transferable record.

          4.6. Letter-of-Credit  Rights.  If  the  Company  is  at  any  time  a
               beneficiary  under a letter of credit now or hereafter  issued in
               favor of the  Company,  the  Company  shall  promptly  notify the
               Lender thereof and, at the request and option of the Lender,  the
               Company  shall,  pursuant to an agreement  in form and  substance
               satisfactory to the Lender, either (i) arrange for the issuer and
               any  confirmer  of  such  letter  of  credit  to  consent  to  an
               assignment to the Lender of the proceeds of any drawing under the
               letter of credit,  or (ii)  arrange  for the Lender to become the
               transferee  beneficiary of the letter of credit,  with the Lender
               agreeing,  in each case,  that the proceeds of any drawing  under
               the letter to credit are to be applied as  provided in the Credit
               Agreement.

          4.7  Commercial Tort Claims.  If the Company shall at any time hold or
               acquire a commercial  tort claim,  the Company shall  immediately
               notify the Lender in a writing signed by the Company of the brief
               details  thereof  and  grant  to the  Lender  in such  writing  a
               security interest therein and in the proceeds  thereof,  all upon
               the terms of this Agreement,  with such writing to be in form and
               substance satisfactory to the Lender.

                                       4
<PAGE>

          4.8. Other Actions as to any and all  Collateral.  The Company further
               agrees  to take any  other  action  reasonably  requested  by the
               Lender to insure the  attachment,  perfection  and first priority
               of,  and the  ability  of the  Lender to  enforce,  the  Lender's
               security  interest  in any and all of the  Collateral  including,
               without   limitation,   (a)  executing,   delivering  and,  where
               appropriate,  filing financing statements and amendments relating
               thereto under the Uniform Commercial Code, to the extent, if any,
               that the Company's  signature thereon is required  therefor,  (b)
               causing  the  Lender's  name to be noted as secured  party on any
               certificate  of title  for a titled  good if such  notation  is a
               condition to attachment, perfection or priority of, or ability of
               the Lender to enforce,  the  Lender's  security  interest in such
               Collateral,  (c)  complying  with any  provision  of any statute,
               regulation or treaty of the United States as to any Collateral if
               compliance  with such  provision  is a condition  to  attachment,
               perfection  or priority  of, or ability of the Lender to enforce,
               the Lender's security interest in such Collateral,  (d) obtaining
               governmental  and  other  third  party  consents  and  approvals,
               including without limitation any consent of any licensor,  lessor
               or other person  obligated on Collateral,  (e) obtaining  waivers
               from mortgagees and landlords in form and substance  satisfactory
               to the Lender, and (f) taking all actions required by any earlier
               versions  of the  Uniform  Commercial  Code or by other  law,  as
               applicable in any relevant Uniform  Commercial Code jurisdiction,
               or by other law as applicable in any foreign jurisdiction.

     5. Relation to Other Security  Documents.  The provisions of this Agreement
supplement the  provisions of any real estate  mortgage or deed of trust granted
by the Company to the Lender and securing the payment or  performance  of any of
the Obligations.  Nothing  contained in any such real estate mortgage or deed of
trust shall derogate from any of the rights or remedies of the Lender hereunder.
In addition,  the provisions of this Agreement  shall be read and construed with
the other Security Documents indicated below in the manner so indicated.

     6.  Representations and Warranties  Concerning  Company's Legal Status. The
Company  has  previously  delivered  to the Lender a  certificate  signed by the
Company and entitled "Perfection Certificate" (the "Perfection  Certificate") in
substantially the form attached hereto as Appendix I. The Company represents and
warrants to the Lender as follows:  (a) the  Company's  exact legal name is that
indicated on the Perfection  Certificate  and on the signature page hereof,  (b)
the Company is an organization of the type and organized in the jurisdiction set
forth in the Perfection  Certificate,  (c) the Perfection Certificate accurately
sets forth the  Company's  organizational  identification  number or  accurately
states that the Company has none, (d) the Perfection Certificate accurately sets
forth the Company's  place of business or, if more than one, its chief executive
office as well as the Company's mailing address if different,  and (e) all other
information set forth on the Perfection Certificate pertaining to the Company is
accurate and complete.

     7. Covenants  Concerning Company's Legal Status. The Company covenants with
the Lender as follows:  (a) without  providing  at least  thirty (30) days prior
written notice to the Lender, the Company will not change its name, its place of
business or, if more than one, chief executive office, or its mailing address or
organizational  identification number if it has one, (b) if the Company does not
have an organizational  identification number and later obtains one, the Company
shall forthwith notify the Lender of such organizational  identification number,
and (c) the Company will not change its type of  organization,  jurisdiction  of
organization or other legal structure.

                                       5
<PAGE>

     8. Representations and Warranties Concerning  Collateral,  Etc. The Company
further represents and warrants to the Lender as follows: (a) the Company is the
owner of or has other rights in or power to transfer the  Collateral,  free from
any  adverse  lien,  security  interest  or other  encumbrance,  except  for the
security  interest  created by this  Agreement and other liens  permitted by the
Credit Agreement, (b) none of the Collateral constitutes, or is the proceeds of,
"farm products" as defined in ss.  9.1-102(a)(34) of the Uniform Commercial Code
of the State, (c) none of the account debtors or other persons  obligated on any
of the Collateral is a governmental  authority subject to the federal Assignment
of Claims Act or like federal, state or local statute or rule in respect of such
Collateral,  (d) the Company holds no commercial  tort claim except as indicated
on the  Perfection  Certificate,  (e) the Company has at all times  operated its
business in compliance with all applicable  provisions of the federal Fair Labor
Standards Act, as amended, and with all applicable provisions of federal,  state
and local statutes and ordinances dealing with the control, shipment, storage or
disposal of hazardous materials or substances, and (f) all other information set
forth on the Perfection Certificate pertaining to the Collateral is accurate and
complete.

     9. Covenants Concerning Collateral, Etc. The Company further covenants with
the Lender as follows:  (a) the  Collateral,  to the extent not delivered to the
Lender pursuant to Section 4 hereof,  will be kept at those locations  listed on
the Perfection  Certificate  and the Company will not remove the Collateral from
such locations, without providing at least thirty (30) days prior written notice
to the Lender,  (b) except for the security  interest  herein  granted and liens
permitted  by the Credit  Agreement,  the Company  shall be the owner of or have
other rights in the Collateral  free from any lien,  security  interest or other
encumbrance,  and the  Company  shall  defend  the same  against  all claims and
demands of all persons at any time  claiming the same or any  interests  therein
adverse to the Lender, (c) the Company shall not pledge,  mortgage or create, or
suffer to exist a security  interest  in the  Collateral  in favor of any person
other than the Lender except for liens  permitted by the Credit  Agreement,  (d)
the Company will keep the  Collateral  in good order and repair and will not use
the same in violation of law or any policy of insurance thereon, (e) as provided
in the Credit Agreement, the Company will permit the Lender, or its designee, to
inspect the Collateral at any reasonable time with forty-eight (48) hours notice
to Company,  wherever  located,  (f) the Company will pay promptly  when due all
taxes,  assessments,  governmental  charges  and levies upon the  Collateral  or
incurred in connection  with the use or operation of such Collateral or incurred
in connection with this Agreement,  (g) the Company will continue to operate its
business in compliance with all applicable  provisions of the federal Fair Labor
Standards Act, as amended, and with all applicable provisions of federal,  state
and local statutes and ordinances dealing with the control, shipment, storage or
disposal of hazardous materials or substances, and (h) the Company will not sell
or otherwise dispose,  or offer to sell or otherwise dispose,  of the Collateral
or any interest therein except for (i) sales of inventory in the ordinary course
of  business  and  (ii) so long as no  Event  of  Default  has  occurred  and is
continuing, sales or other dispositions of obsolescent items of equipment in the
ordinary course of business consistent with past practices.

     10. Insurance.

         10.1. Maintenance  of  Insurance.   The  Company  will  maintain  with
               financially sound and reputable  insurers  insurance with respect
               to its  properties  and  business  against  such  casualties  and
               contingencies as shall be in accordance with general practices of
               businesses  engaged in similar  activities in similar  geographic
               areas.  Such insurance  shall be in such minimum amounts that the
               Company will not be deemed a coinsurer under applicable insurance
               laws,  regulations  and policies and  otherwise  shall be in such
               amounts,  contain  such  terms,  be in such forms and be for such
               periods  as may be  reasonably  satisfactory  to the  Lender.  In
               addition,  all such  insurance  shall be payable to the Lender as
               loss payee. Without limiting the foregoing,  the Company will (i)
               keep  all of its  physical  property  insured  with  casualty  or
               physical  hazard  insurance on an "all risks" basis,  with a full
               replacement  cost endorsement and an "agreed amount" clause in an
               amount  equal  to  100%  of the  full  replacement  cost  of such
               property, (ii) maintain all such workers' compensation or similar
               insurance  as may be  required  by law,  and (iii)  maintain,  in
               amounts and with deductibles equal to those generally  maintained
               by businesses engaged in similar activities in similar geographic
               areas,  general  public  liability  insurance  against  claims of
               bodily  injury,  death or property  damage  occurring,  on, in or
               about  the  properties  of  the  Company;  business  interruption
               insurance; and product liability insurance.

                                       6
<PAGE>

         10.2. Insurance  Proceeds.  The proceeds of any casualty  insurance in
               respect  of any  casualty  loss of any of the  Collateral  shall,
               subject to the  rights,  if any,  of other  parties  with a prior
               interest in the property covered thereby, (i) so long as no Event
               of Default has occurred and is continuing  and to the extent that
               the amount of such proceeds is less than $50,000.00, be disbursed
               to the Company for direct  application  by the Company  solely to
               the repair or replacement of the Company's property so damaged or
               destroyed,  and (ii) in all other  circumstances,  be held by the
               Lender as cash collateral for the Obligations. The Lender may, at
               its sole  option,  disburse  from time to time all or any part of
               such  proceeds  so held as cash  collateral,  upon such terms and
               conditions  as the Lender may  reasonably  prescribe,  for direct
               application by the Company solely to the repair or replacement of
               the Company's property so damaged or destroyed, or the Lender may
               apply all or any part of such proceeds to the Obligations.

         10.3. Notice of  Cancellation,  Etc. All  policies of insurance  shall
               provide for at least thirty (30) days prior written  cancellation
               notice to the  Lender.  In the event of failure by the Company to
               provide and  maintain  insurance as herein  provided,  the Lender
               may, at its option,  provide such insurance and charge the amount
               thereof to the Company. The Company shall furnish the Lender with
               certificates of insurance and policies evidencing compliance with
               the foregoing insurance provision.

     11. Collateral Protection Expenses: Preservation of Collateral.

         11.1. Expenses Incurred by Lender.  In its discretion,  the Lender may
               discharge  taxes and  other  encumbrances  at any time  levied or
               placed on any of the Collateral, make repairs thereto and pay any
               necessary filing fees or, if the debtor fails to do so, insurance
               premiums.  The Company  agrees to reimburse  the Lender on demand
               for any and all  expenditures  so made.  The Lender shall have no
               obligation  to the  Company  to make any such  expenditures,  nor
               shall the making thereof relieve the Company of any default.

                                       7
<PAGE>

         11.2. Lender's Obligations and Duties. Anything herein to the contrary
               notwithstanding,  the  Company  shall  remain  liable  under each
               contract or agreement  comprised in the Collateral to be observed
               or performed by the Company thereunder. The Lender shall not have
               any obligation or liability  under any such contract or agreement
               by reason of or arising out of this  Agreement  or the receipt by
               the Lender of any payment relating to any of the Collateral,  nor
               shall the Lender be obligated in any manner to perform any of the
               obligations of the Company under or pursuant to any such contract
               or agreement,  to make inquiry as to the nature or sufficiency of
               any payment  received by the Lender in respect of the  Collateral
               or as to the  sufficiency  of any  performance by any party under
               any such contract or agreement,  to present or file any claim, to
               take any  action to enforce  any  performance  or to collect  the
               payment of any amounts which may have been assigned to the Lender
               or to which the Lender may be entitled at any time or times.  The
               Lender's sole duty with respect to the custody,  safe keeping and
               physical preservation of the Collateral in its possession,  under
               ss.  9.1-207  of the  Uniform  Commercial  Code of the  State  or
               otherwise,  shall be to deal  with  such  Collateral  in the same
               manner as the Lender  deals  with  similar  property  for its own
               account.

     12.  Securities  and  Deposits.  The Lender may at any time  following  and
during the continuance of an Event of Default, at its option, transfer to itself
or any  nominee  any  securities  constituting  Collateral,  receive  any income
thereon  and  hold  such  income  as  additional  Collateral  or apply it to the
Obligations.  Whether or not any Obligations are due, the Lender may,  following
and during the continuance of an Event of Default demand,  sue for, collect,  or
make any settlement or compromise  which it deems desirable with respect to, the
Collateral.  Regardless of the adequacy of Collateral or any other  security for
the Obligations,  any deposits or other sums at any time credited by or due from
the Lender to the  Company  may at any time be applied to or set off against any
of the Obligations then due and owing.

     13.  Notification  to  Account  Debtors  and  Other  Persons  Obligated  on
Collateral.  If an Event of Default shall have occurred and be  continuing,  the
Company shall,  at the request of the Lender,  notify account  debtors and other
persons  obligated  on any of the  Collateral  of the  security  interest of the
Lender in any account,  chattel paper,  general intangible,  instrument or other
Collateral  and that payment  thereof is to be made directly to the Lender or to
any  financial  institution  designated  by the  Lender  as the  Lender's  agent
therefor,  and the Lender may itself, if an Event of Default shall have occurred
and be  continuing,  without  notice to or demand  upon the  Company,  so notify
account debtors and other persons  obligated on Collateral.  After the making of
such a request or the giving of any such  notification,  the Company  shall hold
any proceeds of  collection of accounts,  chattel  paper,  general  intangibles,
instruments  and other  Collateral  received  by the  Company as trustee for the
Lender  without  commingling  the same with other funds of the Company and shall
turn the same over to the Lender in the identical form  received,  together with
any necessary  endorsements or assignments.  The Lender shall apply the proceeds
of collection of accounts,  chattel paper, general intangibles,  instruments and
other Collateral received by the Lender to the Obligations,  such proceeds to be
immediately  entered after final payment in cash or other immediately  available
funds of the items giving rise to them.

     14. Power of Attorney.

                                       8
<PAGE>

         14.1. Appointment and Powers of Lender. The Company hereby irrevocably
               constitutes  and  appoints  the Lender  and any  officer or agent
               thereof, with full power of substitution,  as its true and lawful
               attorneys-in-fact  with full  irrevocable  power and authority in
               the place and stead of the Company or in the  Lender's  own name,
               for the purpose of carrying out the terms of this  Agreement,  to
               take any and all  appropriate  action and to execute  any and all
               documents and  instruments  that may be necessary or desirable to
               accomplish the purposes of this Agreement and,  without  limiting
               the generality of the foregoing,  hereby gives said attorneys the
               power and right,  on behalf of the Company,  without notice to or
               assent by the Company, to do the following:

               (a)  upon the occurrence  and during the  continuance of an Event
                    of Default,  generally to sell,  transfer,  pledge, make any
                    agreement  with respect to or otherwise deal with any of the
                    Collateral in such manner as is consistent  with the Uniform
                    Commercial  Code of the State and as fully and completely as
                    though the Lender were the  absolute  owner  thereof for all
                    purposes,  and to do at the Company's expense,  at any time,
                    or from time to time,  all acts and things  which the Lender
                    deems  necessary  to protect,  preserve or realize  upon the
                    Collateral and the Lender's security  interest  therein,  in
                    order to effect the intent of this  Agreement,  all as fully
                    and effectively as the Company might do, including,  without
                    limitation,  (i) the filing and  prosecuting of registration
                    and transfer  applications  with the appropriate  federal or
                    local  agencies or  authorities  with respect to trademarks,
                    copyrights  and patentable  inventions  and processes,  (ii)
                    upon written  notice to the Company,  the exercise of voting
                    rights with respect to voting  securities,  which rights may
                    be  exercised,  if the  Lender  so  elects,  with a view  to
                    causing the liquidation in a commercially  reasonable manner
                    of assets of the  issuer of any such  securities,  and (iii)
                    the execution,  delivery and recording,  in connection  with
                    any  sale or other  disposition  of any  Collateral,  of the
                    endorsements, assignments or other instruments of conveyance
                    or transfer with respect to such Collateral; and

               (b)  to the  extent  that the  Company's  authorization  given in
                    Section  3  is  not  sufficient,   to  file  such  financing
                    statements  with  respect   hereto,   with  or  without  the
                    Company's  signature,  or a photocopy  of this  Agreement in
                    substitution  for a financing  statement,  as the Lender may
                    deem  appropriate  and to execute in the Company's name such
                    financing statements and amendments thereto and continuation
                    statements which may require the Company's signature.

         14.2. Ratification  by Company.  To the extent  permitted  by law, the
               Company hereby ratifies all that said attorneys shall lawfully do
               or cause to be done by virtue hereof. This power of attorney is a
               power coupled with an interest and shall be irrevocable.

         14.3. No Duty on Lender.  The powers conferred on the Lender hereunder
               are solely to protect its interests in the  Collateral  and shall
               not  impose any duty upon it to  exercise  any such  powers.  The
               Lender shall be accountable only for the amounts that it actually
               receives  as a result of the  exercise of such powers and neither
               it nor any of its officers, directors,  employees or agents shall
               be  responsible  to the  Company  for any act or  failure to act,
               except  for  the  Lender's  own  gross   negligence   or  willful
               misconduct.

                                       9
<PAGE>

     15. Remedies. If an Event of Default shall have occurred and be continuing,
the Lender may,  without  notice to or demand  upon the  Company,  declare  this
Agreement  to be in  default,  and  the  Lender  shall  thereafter  have  in any
jurisdiction  in which  enforcement  hereof is sought,  in addition to all other
rights and  remedies,  the  rights and  remedies  of a secured  party  under the
Uniform  Commercial Code of the State or of any jurisdiction in which Collateral
is located,  including,  without limitation, the right to take possession of the
Collateral,  and for that purpose the Lender may, so far as the Company can give
authority  therefor,  enter upon any  premises  on which the  Collateral  may be
situated and remove the same therefrom. The Lender may in its discretion require
the Company to assemble all or any part of the  Collateral  at such  location or
locations within the  jurisdictions of the Company's  principal  office(s) or at
such  other  locations  as the  Lender  may  reasonably  designate.  Unless  the
Collateral is  perishable  or threatens to decline  speedily in value or is of a
type  customarily  sold on a  recognized  market,  the Lender  shall give to the
Company at least five (5)  Business  Days prior  written  notice of the time and
place of any public  sale of  Collateral  or of the time after which any private
sale or any  other  intended  disposition  is to be  made.  The  Company  hereby
acknowledges  that five (5) Business Days prior  written  notice of such sale or
sales shall be reasonable  notice.  In addition,  the Company waives any and all
rights that it may have to a judicial  hearing in advance of the  enforcement of
any of the Lender's rights hereunder,  including,  without limitation, its right
following an Event of Default to take immediate possession of the Collateral and
to exercise its rights with respect thereto.

     16.  Standards for Exercising  Remedies.  To the extent that applicable law
imposes duties on the Lender to exercise  remedies in a commercially  reasonable
manner,  the  Company  acknowledges  and  agrees  that  it is  not  commercially
unreasonable  for the Lender  (a) to fail to incur  expenses  reasonably  deemed
significant by the Lender to prepare  Collateral for disposition or otherwise to
complete raw material or work in process into finished  goods or other  finished
products for disposition,  (b) to fail to obtain third party consents for access
to  Collateral to be disposed of, or to obtain or, if not required by other law,
to fail to obtain  governmental  or third party  consents for the  collection or
disposition  of  Collateral  to be  collected  or  disposed  of,  (c) to fail to
exercise  collection remedies against account debtors or other persons obligated
on  Collateral  or to remove  liens or  encumbrances  on or any  adverse  claims
against Collateral,  (d) to exercise collection remedies against account debtors
and other  persons  obligated  on  Collateral  directly  or  through  the use of
collection  agencies  and  other  collection   specialists,   (e)  to  advertise
dispositions of Collateral through publications or media of general circulation,
whether or not the Collateral is of a specialized  nature,  (f) to contact other
persons,  whether or not in the same business as the Company, for expressions of
interest in acquiring all or any portion of the  Collateral,  (g) to hire one or
more  professional  auctioneers  to assist  in the  disposition  of  Collateral,
whether or not the  collateral  is of a  specialized  nature,  (h) to dispose of
Collateral by utilizing Internet sites that provide for the auction of assets of
the types included in the  Collateral or that have the reasonable  capability of
doing so, or that match  buyers and sellers of assets,  (i) to dispose of assets
in wholesale rather than retail markets, (j) to disclaim disposition warranties,
(k) to purchase  insurance or credit  enhancements  to insure the Lender against
risks of loss,  collection  or  disposition  of  Collateral or to provide to the
Lender a guaranteed return from the collection or disposition of Collateral,  or
(l) to the extent deemed  appropriate  by the Lender,  to obtain the services of
other brokers, investment bankers, consultants and other professionals to assist
the  Lender in the  collection  or  disposition  of any of the  Collateral.  The
Company  acknowledges  that  the  purpose  of  this  Section  16 is  to  provide
non-exhaustive  indications of what actions or omissions by the Lender would not
be commercially  unreasonable in the Lender's  exercise of remedies  against the
Collateral and that other actions or omissions by the Lender shall not be deemed
commercially  unreasonable  solely on  account  of not being  indicated  in this
Section 16. Without  limitation  upon the foregoing,  nothing  contained in this
Section 16 shall be  construed  to grant any rights to the  Company or to impose
any  duties on the Lender  that  would not have been  granted or imposed by this
Agreement or by applicable law in the absence of this Section 16.

                                       10
<PAGE>

     17. No Waiver by Lender, Etc. The Lender shall not be deemed to have waived
any of its rights upon or under the  Obligations or the  Collateral  unless such
waiver shall be in writing and signed by the Lender. No delay or omission on the
part of the Lender in  exercising  any right  shall  operate as a waiver of such
right or any other right. A waiver on any one occasion shall not be construed as
a bar to or waiver of any right on any future occasion.  All rights and remedies
of the  Lender  with  respect  to the  Obligations  or the  Collateral,  whether
evidenced hereby or by any other  instrument or papers,  shall be cumulative and
may be exercised singularly, alternatively, successively or concurrently at such
time or at such times as the Lender deems expedient.

     18.  Suretyship  Waivers by Company.  The Company  waives  demand,  notice,
protest,  notice of acceptance of this Agreement,  notice of loans made,  credit
extended,  Collateral  received or  delivered  or other action taken in reliance
hereon and all other  demands and notices of any  description.  With  respect to
both the Obligations and the Collateral, the Company assents to any extension or
postponement  of  the  time  of  payment  or  any  other   indulgence,   to  any
substitution, exchange or release of or failure to perfect any security interest
in any Collateral,  to the addition or release of any party or person  primarily
or  secondarily  liable,  to the acceptance of partial  payment  thereon and the
settlement,  compromising or adjusting of any thereof, all in such manner and at
such time or times as the Lender may deem  advisable.  The Lender  shall have no
duty as to the collection or protection of the Collateral or any income thereon,
nor as to the  preservation  of  rights  against  prior  parties,  nor as to the
preservation of any rights pertaining thereto beyond the safe custody thereof as
set  forth in  Section  11.2.  The  Company  further  waives  any and all  other
suretyship defenses.

     19. Marshalling. The Lender shall not be required to marshal any present or
future collateral  security (including but not limited to this Agreement and the
Collateral)  for, or other  assurances of payment of, the  Obligations or any of
them or to resort to such collateral  security or other assurances of payment in
any  particular  order,  and all of its rights  hereunder and in respect of such
collateral  security and other  assurances of payment shall be cumulative and in
addition to all other rights, however existing or arising. To the extent that it
lawfully may, the Company hereby agrees that it will not invoke any law relating
to the  marshalling  of  collateral  which  might  cause  delay in or impede the
enforcement  of the  Lender's  rights  under this  Agreement  or under any other
instrument  creating or evidencing any of the  Obligations or under which any of
the  Obligations is outstanding or by which any of the Obligations is secured or
payment thereof is otherwise  assured,  and, to the extent that it lawfully may,
the Company hereby irrevocably waives the benefits of all such laws.

     20. Proceeds of Dispositions; Expenses. The Company shall pay to the Lender
on  demand  any and all  expenses,  including  reasonable  attorneys'  fees  and
disbursements,  incurred  or paid by the  Lender in  protecting,  preserving  or
enforcing the Lender's  rights under or in respect of any of the  Obligations or
any of the Collateral.  After deducting all of said expenses, the residue of any
proceeds of collection or sale of the  Obligations or Collateral  shall,  to the
extent  actually  received in cash, be applied to the payment of the Obligations
in such order or preference as the Lender may  determine,  proper  allowance and
provision  being made for any  Obligations  not then due. Upon the final payment
and satisfaction in full of all of the Obligations and after making any payments
required  by  Sections  9.1-608(a)  (1) (C) or  9.1-615  (a) (3) of the  Uniform
Commercial Code of the State,  any excess shall be returned to the Company,  and
the  Company  shall  remain  liable  for any  deficiency  in the  payment of the
Obligations.

                                       11
<PAGE>

     21. Overdue Amounts. Until paid, all amounts due and payable by the Company
hereunder  shall be a debt  secured by the  Collateral  and shall bear,  whether
before or after judgment, interest at the rate of interest for overdue principal
set forth in the Credit Agreement.

     22.  Governing  Law;  Consent  to  Jurisdiction.  THIS  AGREEMENT  SHALL BE
GOVERNED  BY, AND  CONSTRUED  IN  ACCORDANCE  WITH,  THE LAWS OF THE STATE.  The
Company  agrees  that any  suit for the  enforcement  of this  Agreement  may be
brought in the courts of the State or any  federal  court  sitting  therein  and
consents  to the  non-exclusive  Jurisdiction  of such  court and to  service of
process  in any such suit being  made upon the  Company  by mail at the  address
specified in the Credit Agreement.  The Company hereby waives any objection that
it may now or hereafter  have to the venue of any such suit or any such court or
that such suit is brought in an inconvenient court.

     23. Waiver of Jury Trial. THE COMPANY WAIVES ITS RIGHT TO A JURY TRIAL WITH
RESPECT TO ANY ACTION OR CLAIM  ARISING  OUT OF ANY DISPUTE IN  CONNECTION  WITH
THIS  AGREEMENT,  ANY RIGHTS OR OBLIGATIONS  HEREUNDER OR THE PERFORMANCE OF ANY
SUCH RIGHTS OR OBLIGATIONS.  Except as prohibited by law, the Company waives any
right which it may have to claim or recover in any litigation referred to in the
preceding sentence any special, exemplary,  punitive or consequential damages or
any damages  other than,  or in addition  to,  actual  damages.  The Company (i)
certifies that neither the Lender nor any  representative,  agent or attorney of
the Lender has represented,  expressly or otherwise,  that the Lender would not,
in the event of  litigation,  seek to enforce  the  foregoing  waivers  and (ii)
acknowledges  that,  in entering  into the Credit  Agreement  and the other Loan
Documents  to which the Lender is a party,  the Lender is  relying  upon,  among
other things, the waivers and certifications contained in this Section 23.

     24.  Miscellaneous.  The headings of each section of this Agreement are for
convenience  only and shall not  define or limit the  provisions  thereof.  This
Agreement  and all rights and  obligations  hereunder  shall be binding upon the
Company  and its  respective  successors  and  assigns,  and shall  inure to the
benefit  of the  Lender  and its  successors  and  assigns.  If any term of this
Agreement shall be held to be invalid, illegal or unenforceable, the validity of
all other terms hereof shall in no way be affected  thereby,  and this Agreement
shall  be  construed  and  be  enforceable  as  if  such  invalid,   illegal  or
unenforceable  term had not  been  included  herein.  The  Company  acknowledges
receipt of a copy of this Agreement.

     IN WITNESS  WHEREOF,  intending to be legally bound, the Company has caused
this Agreement to be duly executed as of the date first above written.

                                                  COHESANT INC.

                                                  By: /s/ Robert Pawlak
                                                      --------------------------

                                                  Printed: Robert Pawlak
                                                           ---------------------

                                       12
<PAGE>

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

Accepted:

REGIONS BANK

By: /s/ Scott A Dvornik
    --------------------------------
    Scott A. Dvornik, Vice President

                                       13

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