Document:

Exhibit 10.16

MOCON, INC.

 

DESCRIPTION OF EXECUTIVE OFFICER

COMPENSATION ARRANGEMENTS

 

All of the employees of MOCON,
Inc., including executive officers, are employed “at will” and do not have
employment agreements with MOCON. MOCON has, however, entered into a written
Executive Severance Agreement with three of its full-time executive officers, a
form of which has been filed as an exhibit to MOCON’s annual report on Form
10-K for the year ended December 31, 2000. The following is a description of
oral compensation arrangements between MOCON, Inc. and the following executive
officers of MOCON:

 

	
  Name
  of

  Executive

  Officer

  	
   

  	
  Title

  	
   

  	
  Base

  Salary

  	
   

  	
  Bonus

  Arrangements

  	
   

  	
  Stock

  Options

  	
   

  	
  Other

  
	
  Robert L. Demorest

  	
   

  	
  Chairman, President and Chief Executive Officer

  	
   

  	
  $238,471

  per year

  	
   

  	
  See footnotes

  (1) and (2) below

  	
   

  	
  Stock options to purchase shares of MOCON common stock are granted
  from time to time in the sole discretion of the Compensation Committee of the
  MOCON board of directors

  	
   

  	
  Under the MOCON, Inc. Savings and Retirement Plan, participants,
  including executive officers, may voluntarily request that MOCON reduce
  pre-tax compensation by up to 75% (subject to certain special limitations)
  and contribute such amounts to a trust. MOCON contributed an amount equal to
  25% of the first 6% of the amount that each participant contributed under
  this plan. MOCON provides an automobile for each of its full-time executive
  officers. Executive Officers generally receive 3-5 weeks vacation per year.
  MOCON employees, including its executive officers, are compensated for
  forfeited vacation. Executive officers are reimbursed for expenses incurred
  in the ordinary course of business. Executive officers receive other benefits
  received by other MOCON employees, including health, dental and life insurance
  benefits.

  
	
  Daniel W. Mayer

  	
   

  	
  Executive Vice President

  	
   

  	
  $180,082

  per year

  	
   

  	
  See footnotes

  (1) and (2) below

  	
   

  	
  See above

  	
   

  	
  See above

  
	
  Darrell B. Lee

  	
   

  	
  Vice President, Chief Financial Officer, Treasurer and Secretary

  	
   

  	
  $133,000

  per year

  	
   

  	
  See footnotes

  (1) and (2) below

  	
   

  	
  See above

  	
   

  	
  See above

  

 

 

	
  Name of

  Executive

  Officer

  	
   

  	
  Title

  	
   

  	
  Base

  Salary

  	
   

  	
  Bonus

  Arrangements

  	
   

  	
  Stock

  Options

  	
   

  	
  Other

  
	
  Douglas J. Lindemann

  	
   

  	
  Vice President and General Manager

  	
   

  	
  $153,529

  per year

  	
   

  	
  See footnotes

  (1) and (2) below

  	
   

  	
  See above

  	
   

  	
  See above

  
	
  Ronald A. Meyer

  	
   

  	
  Vice President

  	
   

  	
  $80.10

  per hour

  	
   

  	
  See footnote

  (1) below

  	
   

  	
  See above

  	
   

  	
  See above

  

 

(1)                                  MOCON
provides its executive officers and other employees a direct financial
incentive to achieve MOCON’s annual profit goals through the MOCON, Inc.
Incentive Pay Plan, which was established pursuant to resolutions of the
Compensation Committee effective January 1, 2003 and filed as an exhibit to
MOCON’s annual report on Form 10-K for the year ended December 31, 2002. Under
the Incentive Pay Plan, annual goals are measured by MOCON’s annual net income
before income taxes and incentives for Mr. Demorest, Mr. Lee, Mr. Mayer
and Mr. Meyer, who have overall corporate responsibilities, and by MOCON’s
semi-annual operating profit before incentives, and by semi-annual bookings, by
business units for Mr. Lindemann, who is in charge of several of MOCON’s
business units. The Incentive Pay Plan contemplates that each year the
Compensation Committee will establish goal amounts for MOCON’s executive
officers and will determine the percentage of salary at goal for MOCON’s
executive officers. On December 28, 2005, the Compensation Committee
established these goal amounts and determined these percentages. Although the
goal amounts are confidential, the 2006 percentages of salary at goal range
from thirty-five percent to sixty-five percent of 2006 base salary earned, at
goal, with the actual incentive paid based on the percentage of goal achieved,
up to a maximum of one hundred fifty percent. The fiscal 2006 goals and percentages
of salary were set forth in resolutions approved by the Compensation Committee
and are not otherwise set forth in any written agreements between MOCON and the
executive officers. The following are the amounts paid to each of MOCON’s
executive officers under the Incentive Pay Plan with respect to fiscal
2005:  Mr. Demorest: $146,339; Mr. Mayer:
$68,756; Mr. Lee: $9,822; Mr. Lindemann: $39,199 and Mr. Meyer: $10,642. These
amounts were paid in July 2005 and March 2006.

 

(2)                                  On December 28, 2005, the Compensation
Committee established individual special performance related bonus arrangements
for Messrs. Demorest, Mayer, Lee and Lindemann to further motivate these
individuals to attain certain company-related performance goals in addition to
the profitability performance-related goals covered under MOCON’s Incentive Pay
Plan. While the specific performance goals remain confidential, the bonuses if
paid will be in the form of an extra week of paid vacation and an all-expense
paid trip for two, up to maximum amounts ranging from $10,000 to $13,000. The
terms of the fiscal 2006 special performance related bonuses were set forth in
resolutions approved by the Compensation Committee and are not otherwise set
forth in any written agreements between MOCON and the executive officers.Exhibit 4.8

 

J.
B. POINDEXTER & CO., INC.

 

As Issuer

 

THE
SUBSIDIARY GUARANTORS NAMED HEREIN

 

As Guarantors

 

WILMINGTON
TRUST COMPANY

 

As Trustee

 

 

SECOND SUPPLEMENTAL INDENTURE

 

Dated
as of June 10, 2005

 

 

to

 

INDENTURE

 

Dated as
of March 15, 2004

 

 

83/4
% Senior Notes Due 2004

 

 

SECOND
SUPPLEMENTAL INDENTURE, dated as of June 10, 2005,
(herein called this “Supplemental Indenture”) among J.B. POINDEXTER & CO., INC.,
a corporation duly organized and existing under the laws of the State of
Delaware (herein called the “Company”), having its principal office at
1100 Louisiana Street, Suite 5400, Houston, Texas  77002, each of MORGAN TRAILER MFG. CO., a New Jersey corporation (“Morgan”),
TRUCK ACCESSORIES GROUP, INC., formerly
known as Leer, Inc., a Delaware corporation (“TAG”), LOWY GROUP, INC., a Delaware
corporation (“Lowy”), EFP CORPORATION,
a Delaware corporation (“EFP”), MAGNETIC
INSTRUMENTS CORP., a Delaware corporation (“MIC”), RAIDER INDUSTRIES, INC., a
Saskatchewan corporation (“Raider”), SWK
HOLDINGS, INC., formerly known as KWS Manufacturing Company, Inc., a Texas corporation (“SWK”), UNIVERSAL BRIXIUS, INC., a Wisconsin
corporation (“Brixius”), MORGAN
TRAILER FINANCIAL CORPORATION, a Nevada corporation (“MTFC”),
MORGAN TRAILER FINANCIAL MANAGEMENT, L.P.,
a Texas limited partnership (“MTFMLP”), MORGAN OLSON
CORPORATION, a Delaware corporation (“MOC”), and COMMERCIAL BABCOCK INC., an Ontario corporation (“CB”),
(Morgan, TAG, Lowy, EFP, MIC, Raider, SWK, Brixius, MTFC, MTFMLP, MOC and CB
are collectively called the “Subsidiary Guarantors”), and FEDERAL
COACH LLC., a limited liability company organized under the laws of the
state of Delaware (the “Additional Guarantor”), and WILMINGTON TRUST COMPANY, a Delaware banking corporation,
having its principal corporate trust office at Rodney Square North, 1100 North
Market Street, Wilmington, Delaware, as Trustee (herein called the “Trustee”)

 

R E
C I T A L

 

WHEREAS,
the Company, the Subsidiary Guarantors and the Trustee are parties to that
certain Indenture, dated as of March 15, 2004, as amended by the First
Supplemental Indenture dated as of December 14, 2004 (the “Indenture”),
governing the Company’s 83⁄4 % Senior Notes due 2014 (the “Securities”)
issued thereunder;

 

WHEREAS,
Section 9.01(4) of the Indenture provides that, without the consent
of any Holders, the Company, the Subsidiary Guarantors, and the Trustee, at any
time and from time to time, may supplement the Indenture, in form satisfactory
to the Trustee, for the purpose of allowing the Additional Guarantor to become
a Subsidiary Guarantor of the obligations of the Company and those of each
other Subsidiary Guarantor under the Indenture and the Securities; provided
such action pursuant to Section 9.01 shall not adversely affect the
interests of the Holders in any material respect;

 

WHEREAS,
the Board of Directors of the Company has determined that making the Additional
Guarantor a Subsidiary Guarantor of the Indenture does not adversely affect the
interests of the Holders in any material respect;

 

WHEREAS,
the Company and the Subsidiary Guarantors pursuant to the foregoing authority,
propose in and by this Supplemental Indenture to amend and supplement the
Indenture as provided in this Supplemental Indenture, and requests the Trustee
to enter into this Supplemental Indenture; and

 

1

 

WHEREAS,
all things necessary to make this Supplemental Indenture a valid agreement of
the Company, the Subsidiary Guarantors, the Additional Guarantor and the
Trustee and a valid amendment of and supplement to the Indenture have been
done;

 

NOW,
THEREFORE, for and in consideration of the premises, it is
mutually covenanted and agreed for the equal and proportionate benefit of all
Holders of the Securities:

 

SECTION 1.                            Definitions.
All terms used in this Supplemental Indenture which are not defined in this
Supplemental Indenture and which are defined in the Indenture shall have the
meanings assigned to them in the Indenture.

 

SECTION 2.                            Agreement
to Guarantee. The Additional Guarantor hereby agrees and confirms that, by
its execution and delivery of this Second Supplemental Indenture, it will be
deemed to be a “Guarantor” for all purposes of the obligations of the Company
and those of each other Subsidiary Guarantor under the Indenture and the
Securities, and shall have all the obligations of a Subsidiary Guarantor
hereunder with the same effect as if it had been named a Subsidiary Guarantor
in the Indenture and the Securities. The Additional Guarantor hereby ratifies,
as of the date hereof, and agrees to be bound by, all of the terms, provisions
and conditions in the Indenture and the Securities applicable to a Subsidiary
Guarantor.

 

SECTION 3.                            Incorporation
of Supplemental Indenture. All provisions of this Supplemental Indenture
shall be deemed to be incorporated in, and made a part of, the Indenture,
and the Indenture, as supplemented and amended by this Supplemental Indenture,
shall be read, taken and construed as one and the same instrument.

 

SECTION 4.                            Headings.
The Article and Section headings of this Supplemental Indenture are
for convenience only and shall not affect the construction hereof.

 

SECTION 5.                            Counterparts.
This Supplemental Indenture may be executed in any number of counterparts,
each of which so executed shall be deemed to be an original, but all such
counterparts shall together constitute but one and the same instrument.

 

SECTION 6.                            Conflict
with Trust Indenture Act. If any provision hereof limits, qualifies or
conflicts with a provision of the Trust Indenture Act that is required under
such Act to be part of and govern this Supplemental Indenture, the latter
provision shall control. If any provision of this Supplemental Indenture
modifies or excludes any provision of the Trust Indenture Act that may be
so modified or excluded, the latter provision shall be deemed to apply to this
Supplemental Indenture as so modified or to be excluded, as the case may be.

 

SECTION 7.                            Successors
and Assigns. All covenants and agreements in this Supplemental Indenture by
the Company or any Subsidiary Guarantor shall bind its respective successors
and assigns, whether so expressed or not.

 

SECTION 8.                            Separability
Clause. In case any provisions in this Supplemental Indenture shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby.

 

2

 

SECTION 9.                            Benefits
of Supplemental Indenture. Nothing in this Supplemental Indenture, express
or implied, shall give to any Person, other than the parties hereto, and their
successors hereunder and the Holders of Securities, any benefit or any legal or
equitable right, remedy or claim under this Supplemental Indenture.

 

SECTION 10.                     Governing
Law. This Supplemental Indenture shall be governed by and construed in
accordance with the laws of the State of New York.

 

THE REMAINDER OF THIS
PAGE IS INTENTIONALLY LEFT BLANK

 

3

 

IN WITNESS WHEREOF,
the parties have caused this Supplemental Indenture to be duly executed, and
their respective corporate seals to be hereunder affixed and attested, all as
of the date and year first above written.

 

	
  Attest:

  	
   

  	
  J. B. POINDEXTER & CO., INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Robert S. Whatley

  	
   

  
	
   

  	
   

  	
   

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attest:

  	
   

  	
  MORGAN TRAILER MFG. CO.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Robert S. Whatley

  	
   

  
	
   

  	
   

  	
   

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attest:

  	
   

  	
  TRUCK ACCESSORIES GROUP, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Robert S. Whatley

  	
   

  
	
   

  	
   

  	
   

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attest:

  	
   

  	
  EFP CORPORATION

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Robert S. Whatley

  	
   

  
	
   

  	
   

  	
   

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attest:

  	
   

  	
  MAGNETIC INSTRUMENTS CORP.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Robert S. Whatley

  	
   

  
	
   

  	
   

  	
   

  	
  Vice President

  	
   

  

 

4

 

	
  Attest:

  	
   

  	
  LOWY GROUP, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Robert S. Whatley

  	
   

  
	
   

  	
   

  	
   

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attest:

  	
   

  	
  RAIDER INDUSTRIES, INC.

  	
   

  
	
   

  	
   

  	
  a Saskatchewan corporation

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Robert S Whatley

  	
   

  
	
   

  	
   

  	
   

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attest:

  	
   

  	
  SWK HOLDINGS, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Robert S. Whatley

  	
   

  
	
   

  	
   

  	
   

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attest:

  	
   

  	
  UNIVERSAL BRIXIUS, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Robert S. Whatley

  	
   

  
	
   

  	
   

  	
   

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  MORGAN TRAILER FINANCIAL

  	
   

  
	
   

  	
   

  	
  CORPORATION

  	
   

  
	
  Attest:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Thomas Daly

  	
   

  
	
   

  	
   

  	
   

  	
  President

  	
   

  

 

5

 

	
   

  	
   

  	
  MORGAN TRAILER FINANCIAL

  	
   

  
	
   

  	
   

  	
  MANAGEMENT, L.P.

  	
   

  
	
  Attest:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Morgan Trailer Mfg. Co., its general

  	
   

  
	
   

  	
   

  	
   

  	
  partner

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Robert S. Whatley

  	
   

  
	
   

  	
   

  	
   

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  MORGAN OLSON CORPORATION

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attest:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Robert S. Whatley

  	
   

  
	
   

  	
   

  	
   

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attest:

  	
   

  	
  COMMERCIAL BABCOCK INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Robert S. Whatley

  	
   

  
	
   

  	
   

  	
   

  	
  Vice President

  	
   

  
	
   

  	
   

  	
  FEDERAL COACH LLC

  	
   

  
	
  Attest:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attest:

  	
   

  	
  WILMINGTON TRUST COMPANY

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
   

  
							

 

6

 

	
  STATE OF TEXAS

  	
  §

  	
   

  
	
   

  	
  §

  	
  ss.

  
	
  COUNTY OF HARRIS

  	
  §

  	
   

  

 

On the 6th day of June 2005,
before me personally came Robert S. Whatley, to me known, who, being by me duly
sworn, did depose and say that he is Vice President of J. B. Poindexter &
Co., Inc., a Delaware corporation, one of the corporations described in
and which executed the foregoing instrument, and that he signed his name
thereto by authority of the Board of Directors of said corporation.

 

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

 

	
  STATE OF TEXAS

  	
  §

  	
   

  
	
   

  	
  §

  	
  ss.

  
	
  COUNTY OF HARRIS

  	
  §

  	
   

  

 

On the 6th day of June 2005,
before me personally came Robert S. Whatley, to me known, who, being by me
duly sworn, did depose and say that he is Vice President of Morgan Trailer Mfg.
Co., a New Jersey corporation, one of the corporations described in and which
executed the foregoing instrument, and that he signed his name thereto by
authority of the Board of Directors of said corporation.

 

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

7

 

	
  STATE OF TEXAS

  	
  §

  	
   

  
	
   

  	
  §

  	
  ss.

  
	
  COUNTY OF HARRIS

  	
  §

  	
   

  

 

On the 6th day of June 2005,
before me personally came Robert S. Whatley, to me known, who, being by me duly
sworn, did depose and say that he is Vice President of Truck Accessories Group, Inc.,
a Delaware corporation, one of the corporations described in and which executed
the foregoing instrument, and that he signed his name thereto by authority of
the Board of Directors of said corporation.

 

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

 

	
  STATE OF TEXAS

  	
  §

  	
   

  
	
   

  	
  §

  	
  ss.

  
	
  COUNTY OF HARRIS

  	
  §

  	
   

  

 

On the 6th day of June 2005,
before me personally came Robert S. Whatley, to me known, who, being by me duly
sworn, did depose and say that he is Vice President of Lowy Group, Inc., a
Delaware corporation, one of the corporations described in and which executed
the foregoing instrument, and that he signed his name thereto by authority of
the Board of Directors of said corporation.

 

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

8

 

	
  STATE OF TEXAS

  	
  §

  	
   

  
	
   

  	
  §

  	
  ss.

  
	
  COUNTY OF HARRIS

  	
  §

  	
   

  

 

On the 6th day of June 2005,
before me personally came Robert S. Whatley, to me known, who, being by me duly
sworn, did depose and say that he is Vice President of EFP Corporation, a
Delaware corporation, one of the corporations described in and which executed
the foregoing instrument, and that he signed his name thereto by authority of
the Board of Directors of said corporation.

 

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

 

	
  STATE OF TEXAS

  	
  §

  	
   

  
	
   

  	
  §

  	
  ss.

  
	
  COUNTY OF HARRIS

  	
  §

  	
   

  

 

On the 6th day of June 2005,
before me personally came Robert S. Whatley, to me known, who, being by me duly
sworn, did depose and say that he is Vice President of Magnetic Instruments
Corp., a Delaware corporation, one of the corporations described in and which
executed the foregoing instrument, and that he signed his name thereto by
authority of the Board of Directors of said corporation.

 

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

9

 

	
  STATE OF TEXAS

  	
  §

  	
   

  
	
   

  	
  §

  	
  ss.

  
	
  COUNTY OF HARRIS

  	
  §

  	
   

  

 

On the 6th day of June 2005,
before me personally came Robert S. Whatley, to me known, who, being by me duly
sworn, did depose and say that he is Vice President of SWK Holdings, Inc.,
a Texas corporation, formerly known as KWS Manufacturing Company, Inc.,
one of the corporations described in and which executed the foregoing
instrument, and that he signed his name thereto by authority of the Board of
Directors of said corporation.

 

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

 

	
  STATE OF TEXAS

  	
  §

  	
   

  
	
   

  	
  §

  	
  ss.

  
	
  COUNTY OF HARRIS

  	
  §

  	
   

  

 

On the 6th day of June 2005,
before me personally came Robert S. Whatley, to me known, who, being by me duly
sworn, did depose and say that he is Vice President of Raider Industries Inc.,
a corporation formed in Saskatchewan, Canada, one of the corporations described
in and which executed the foregoing instrument, and that he signed his name
thereto by authority of the Board of Directors of said corporation.

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

10

 

	
  STATE OF TEXAS

  	
  §

  	
   

  
	
   

  	
  §

  	
  ss.

  
	
  COUNTY OF HARRIS

  	
  §

  	
   

  

 

On the 6th day of June 2005,
before me personally came Robert S. Whatley, to me known, who, being by me duly
sworn, did depose and say that he is Vice President of Universal Brixius, Inc.,
a Wisconsin corporation, one of the corporations described in and which
executed the foregoing instrument, and that he signed his name thereto by
authority of the Board of Directors of said corporation.

 

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

 

	
  STATE OF TEXAS

  	
  §

  	
   

  
	
   

  	
  §

  	
  ss.

  
	
  COUNTY OF HARRIS

  	
  §

  	
   

  

 

On the 6th day of June 2005,
before me personally came Robert S. Whatley, to me known, who, being by me duly
sworn, did depose and say that he is Vice President of Morgan Trailer Mfg. Co.,
a New Jersey corporation and the general partner of Morgan Trailer Financial
Management, L.P., a Texas limited partnership, one of the legal entities
described in and which executed the foregoing instrument, and that he signed
his name thereto by authority of the Board of Directors of the Morgan Trailer
Mfg. Co. as General Partner of Morgan Trailer Financial Management, L.P.

 

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

11

 

	
  STATE OF CALIFORNIA

  	
  §

  	
   

  
	
   

  	
  §

  	
  ss.

  
	
  COUNTY OF                           

  	
  §

  	
   

  

 

On the
        day of December 2004, before me
personally came Thomas Daly, to me known, who, being by me duly sworn, did
depose and say that he is President of Morgan Trailer Financial Management
Corporation, a Nevada corporation, one of the corporations described in and
which executed the foregoing instrument, and that he signed his name thereto by
authority of the Board of Directors of said corporation.

 

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

 

	
  STATE OF TEXAS

  	
  §

  	
   

  
	
   

  	
  §

  	
  ss.

  
	
  COUNTY OF HARRIS

  	
  §

  	
   

  

 

On the 6th day of June 2005,
before me personally came Robert S. Whatley, to me known, who, being by me duly
sworn, did depose and say that he is Vice President of Morgan Olson
Corporation, a Delaware corporation, one of the corporations described in and
which executed the foregoing instrument, and that he signed his name thereto by
authority of the Board of Directors of said corporation.

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

12

 

	
  STATE OF TEXAS

  	
  §

  	
   

  
	
   

  	
  §

  	
  ss.

  
	
  COUNTY OF HARRIS

  	
  §

  	
   

  

 

On the 6th day of June 2005,
before me personally came Robert S. Whatley, to me known, who, being by me duly
sworn, did depose and say that he is Vice President of Commercial Babcock, Inc.,
a corporation formed in Ontario, Canada, one of the corporations described in
and which executed the foregoing instrument, and that he signed his name
thereto by authority of the Board of Directors of said corporation.

 

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

 

	
  STATE OF DELAWARE

  	
  §

  	
   

  
	
   

  	
  §

  	
  ss.

  
	
  COUNTY OF                           

  	
  §

  	
   

  

 

On the       
day of June 2005, before me personally came Robert S. Whatley to me known,
who, being by me duly sworn, did depose and say that he is Vice President of
Federal Coach LLC, a Delaware limited liability company, one of the
corporations described in and which executed the foregoing instrument, and that
he signed his name thereto by authority of the Board of Directors of said
limited liability company.

 

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

13

 

	
  STATE OF DELAWARE

  	
  §

  	
   

  
	
   

  	
  §

  	
  ss.

  
	
  COUNTY OF
                            

  	
  §

  	
   

  

 

On the       
day of December 2004, before me personally came
                                      
to me known, who, being by me duly sworn, did depose and say that [he – she] is                                                                    
of Wilmington Trust Company, as Trustee described in and which executed the
foregoing instrument, and that [he – she] signed [his – her] name thereto by
authority of the Board of Directors of said corporation.

 

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00101-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00101-of-00352.parquet"}]]