Document:

Exhibit 10.4

    
      

    

     

    Exhibit
      10.4

    FIRST
      AMENDMENT TO

    INTERCREDITOR
      AGREEMENT

    

    This
      First Amendment to Intercreditor Agreement (this “Amendment”),
      dated
      as of November 7, 2006, is made by and among WELLS FARGO FOOTHILL, INC., a
      California corporation (together with its successors and assigns, the
“Lender”)
      under
      and pursuant to the Loan Agreement, LASALLE BANK NATIONAL ASSOCIATION
      (“LaSalle”),
      solely in its capacity as Collateral Agent (together with its successors and
      assigns, “Collateral
      Agent”)
      under
      the Noteholder Documents, VISKASE COMPANIES, INC., a Delaware corporation (the
      “Borrower”)
      and
      those subsidiaries of the Borrower hereafter party hereto (the “Subsidiaries,”
and
      together with the Borrower, each, individually, a “Credit
      Party,”
and
      collectively, the “Credit
      Parties”),
      and
      amends that certain Intercreditor Agreement, dated as of June 29, 2004, by
      and
      among the Lender, the Collateral Agent and the Borrower (the “Original
      Intercreditor Agreement”).
      Terms
      capitalized herein and not otherwise defined herein shall have the meanings
      ascribed to such terms in the Original Intercreditor Agreement.

    

    WHEREAS,
      the
      parties hereto desire to amend certain of the terms and provisions of the
      Original Increditor Agreement as provided herein.

    

    NOW,
      THEREFORE,
      in
      consideration of the premises herein contained, and for other good and valuable
      consideration (the receipt, sufficiency and adequacy of which are hereby
      acknowledged), the parties hereto (intending to be legally bound) hereby agree
      as follows:

    

    1.    Amendments
      to Original Intercreditor Agreement.
      Subject
      to the terms and conditions contained herein, the parties hereto hereby amend
      the Original Intercreditor Agreement as follows:

    

    (a)    The
      definition of “Maximum
      Lender Priority Debt Amount”
in
      Section
      1.01
      of the
      Original Intecreditor Agreement is hereby amended to change the number
“$23,000,000” to “$25,000,000.”

    

    (b)    Clause
      (ii)
      of
Section
      5.02(b)
      of the
      Original Intercreditor Agreement is hereby amended and restated in its entirety
      as follows:

    

    “(ii)
      increase the aggregate principal amount of the Notes to an amount in excess
      of
      Ninety Million Dollars ($90,000,000) or such greater amount as may be issued
      in
      accordance with the provisions of the Indenture.”

     

    2.    Miscellaneous.

    

    (a)    Amendment.
      No
      amendment, modification, termination or waiver of any provision of this
      Amendment, or consent to any departure therefrom, shall be effective without
      the
      prior written consent of each of the parties.

    

    (b)    Notices.
      Any
      notice under this Amendment shall be given in accordance with Section 7.05
      of
      the Original Intercreditor Agreement.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (c)    Successors
      and Assigns.
      This
      Amendment shall be binding upon and for the benefit of the parties hereto and
      their respective, permitted successors and assigns.

    

    (d)    Severability.
      Wherever possible, each provision of this Amendment shall be interpreted in
      such
      manner as to be effective and valid under applicable law, but if any provision
      of this Amendment shall be prohibited by or invalid under such law, such
      provision shall be ineffective to the extent of such prohibition or inability,
      without invalidating the remainder of such provision or the remaining provisions
      of this Amendment.

    

    (e)    Captions.
      The
      captions and headings of this Amendment are for convenience of reference only
      and shall not affect the interpretation of this Amendment.

    

    (f)    
Governing
      Law.
      This
      Amendment shall be governed by and construed in accordance with the internal
      laws of the State of Illinois without regard to the conflicts of law provisions
      thereof.

    

    (g)    References.
      On or
      after the date hereof, each reference in the Original Intercreditor Agreement
      or
      to this “Agreement” or words of like import, shall unless the context otherwise
      requires, be deemed to refer to the Original Intercreditor Agreement as amended
      hereby. 

    

    (h)    Counterparts.
      This
      Amendment may be executed in any number of counterparts, each of which shall
      constitute an original and all of which when taken together shall constitute
      one
      and the same agreement.

     

    [Signature
      page follows]

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

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

    

    

    
      	 	
              WELLS
                FARGO FOOTHILL, INC.,

            	 
	 	
              a
                California corporation

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ 
                

            	 
	 	
              Title:

            	  
	 
	 	 	 	 
	 	
              LASALLE
                BANK NATIONAL ASSOCIATION,

            	 
	 	in
              its capacity as Collateral Agent	 
	 	 	 	 
	 	
              By:

            	
              /s/ 
                

            	 
	 	
              Title:

            	  
	 
	 	 	 	 
	 	
              VISKASE
                COMPANIES, INC.,

            	 
	 	
              a
                Delaware corporation

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ 
                

            	 
	 	
              Title:

            	  
	 

    

     

     

    Signature
      Page to First Amendment to the Intercreditor
      AgreementExhibit 10.5

    
      

    

     

    Exhibit
      10.5

     

    
      CONSENT
        AND SECOND AMENDMENT
        TO

      LOAN
        AND SECURITY AGREEMENT

      

      This
        Consent and Second Amendment to Loan and Security Agreement (this "Amendment"),
        dated
        as of November 7, 2006, is by and between VISKASE COMPANIES, INC., a
        Delaware corporation (the "Borrower"), and
        WELLS
        FARGO FOOTHILL, INC., a
        California corporation (the "Lender").

      

      R
        E C I T A L S

      

      A.   The
        Borrower and the Lender are parties to that certain Loan and Security Agreement
        dated as of June 29, 2004 (as amended or otherwise modified from time to
        time,
        the "Loan
        Agreement").

      

      B.    The
        Borrower has advised the Lender that the Borrower desires to raise additional
        funds through the issuance of Series A Preferred Stock (the "Preferred
        Stock")
        pursuant to the terms of that certain Series A Preferred Stock Purchase
        Agreement dated as of November 7, 2006 between the Borrower and the parties
        identified therein as "Investors" (the "Series
        A Purchase Agreement")
        for
        aggregate consideration of $24,000,000 (the "Preferred
        A Issuance"),
        the
        proceeds of which will be used to pay down Advances, and to make Capital
        Expenditures and Investments in Subsidiaries (including Foreign Subsidiaries),
        in each case consistent with the provisions of the Loan Agreement.

      

      C.    The
        Borrower has further advised the Lender that, subsequent to the Issuance,
        the
        Borrower intends to make rights offerings with respect to its common Stock
        (collectively, the "Rights
        Offering"),
        the
        proceeds of which will be used to (i) redeem the Preferred Stock and pay
        certain
        cash dividends thereon (the "Redemption")
        and
        (ii) make Capital Expenditures and Investments in Subsidiaries (including
        Foreign Subsidiaries), in each case consistent with the provisions of the
        Loan
        Agreement.

      

      D.    The
        Borrower has further advised the Lender that Viskase Mexico desires to commence
        operating as a maquiladora. 

      

      E.    
In
        order
        to permit, among other things, certain of the transactions described above,
        the
        Borrower intends to make certain amendments to the Indenture pursuant to
        the
        terms of that certain First Supplemental Indenture dated as of November 7,
        2006
        between the Borrower and LaSalle Bank National Association, as trustee and
        collateral agent (the "First
        Supplemental Indenture").

      

      F.    The
        Borrower has requested that the Lender consent to (i) the consummation of
        the
        Redemption and (ii) the execution and delivery of the First Supplemental
        Indenture by the parties thereto. 

      

      G.    The
        Borrower has further requested that the Lender agree to amend certain of
        the
        terms and provisions of the Loan Agreement as provided herein to, among other
        things, (i) permit the making of Capital Expenditures and Investments in
        Subsidiaries with proceeds of the Preferred A Issuance and the Rights Offering
        and (ii) permit certain transfers between the Borrower and Viskase Mexico
        consistent with Viskase Mexico's status as a maquiladora.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      NOW,
        THEREFORE,
        in
        consideration of the premises herein contained, and for other good and valuable
        consideration (the receipt, sufficiency and adequacy of which are hereby
        acknowledged), the parties hereto (intending to be legally bound) hereby
        agree
        as follows:

      

      1.    
Definitions.
        Terms
        capitalized herein and not otherwise defined herein shall have the meanings
        ascribed to such terms in the Loan Agreement.

      

      2.    
Consent.
        Subject
        to the satisfaction of the conditions to effectiveness set forth in Sections
        4
        and 5 below, the Lender hereby consents to (i) the consummation of the
        Redemption, so long as the Rights Offering is consummated at a time that
        no
        Event of Default is in existence, or would be caused by the consummation
        thereof, and (ii) the execution and delivery of the First Supplemental Indenture
        by the parties thereto. Except as expressly set forth in this Amendment,
        the
        foregoing consent shall not constitute (x) a modification or alteration of
        the terms, conditions or covenants of the Loan Agreement or any of the Loan
        Documents or (y) a waiver, release or limitation upon exercise by the
        Lender of its rights, legal or equitable, except as to the matters to which
        it
        expressly consents in this Amendment.

      

      3.    
Amendments
        to Loan Agreement.
        Subject
        to the satisfaction of the conditions to effectiveness set forth in Sections
        4
        and 5 below, the parties hereto hereby amend the Loan Agreement as
        follows:

      

      (a)   Section
        1.1
        of the
        Loan Agreement is hereby amended to add the following definitions in their
        correct alphabetical position within such Section:

      

      (i)    "'Maquiladora'
        means a
        Mexican corporation which operates under a Maquila Program approved for such
        corporation by the Mexican Secretariat of Commerce and Industrial
        Development."

      

      (ii)   "'Maquila
        Program'
        means a
        program which (i) permits foreign investment participation and management
        of a
        Mexican corporation and (ii) provides the Mexican corporation the benefit
        of
        special customs treatment for the import of inventory and equipment on a
        temporary basis."

      

      (b)   Section
        1.1
        of the
        Loan Agreement is hereby further amended to amend and restate the following
        definitions appearing therein in their entirety to read as follows:

      

      (i)    "'Capital
        Expenditures'
        means,
        with respect to any Person for any period, the aggregate of all expenditures
        by
        such Person and its Subsidiaries during such period that are capital
        expenditures as determined in accordance with GAAP, whether such expenditures
        are paid in cash or financed, other than (A) reinvestment of asset sale proceeds
        permitted pursuant to Section
        2.4(d),
        (B)
        capital expenditures made solely with the proceeds of insurance or condemnation
        awards, to the extent permitted under Section
        6.8,
        (C)
        capital expenditures that constitute Permitted Acquisitions and (D) capital
        expenditures made solely with Net Cash Proceeds of the issuance of Stock
        of
        Borrower, which issuance is made at any time no Event of Default is in existence
        or would be caused by the making thereof."

      
        
           

        

        
          -2-

          
            

          

        

        
           

        

      

      (ii)   "'Notes'
        means
        those certain 11-1/2% Senior Secured Notes due 2011 of Borrower, as amended,
        restated, supplemented or otherwise modified from time to time in accordance
        with the terms hereof and in accordance with the terms of the Intercreditor
        Agreement."

      

      (c)   The
        definition of "Permitted Investments" in Section
        1.1
        of the
        Loan Agreement is hereby amended to (i) delete the reference to "$11,000,000"
        set forth in clause (i)(6) thereof, and insert in lieu thereof a reference
        to
        "$20,000,000", (ii) delete the word "and" at the end of clause
        (j),
        (iii)
        delete the period at the end of
        clause (k)
        and add
        the word "and" therefor and (iv) add the following new clause
        (l) immediately
        after clause
        (k):

      

      "(l)   Investments
        by Borrower or any U.S. Subsidiary in any Foreign Subsidiary, including,
        without
        limitation any Asian, Mexican or European Subsidiary, so long as such Investment
        is funded with the Net Cash Proceeds of the issuance of any Stock of Borrower
        (including transfers of equipment purchased with such Net Cash Proceeds),
        so
        long as such issuance is made at any time no Event of Default is in existence
        or
        would be caused by the making thereof (for purposes of clarity, Investments
        in
        Foreign Subsidiaries made under this clause (l) shall be in addition to,
        and
        shall not be included in the calculation of, the basket for Investments in
        Foreign Subsidiaries provided in clause (i) above)." 

      

      (d)   Section
        7.1(d)(ii)
        of the
        Loan Agreement is hereby deleted in its entirety and the following is
        substituted therefor:

      

      "(ii)        
        such refinancings, renewals, or extensions do not result in an increase in
        the
        principal amount of, or interest rate with respect to, the Indebtedness so
        refinanced, renewed, or extended; provided, however, that, subject to the
        terms
        of that certain Consent and Second Amendment to Loan and Security Agreement
        between Lender and Borrower, the 8% Senior Notes may be refinanced by the
        issuance of additional Notes, to the extent the issuance of such additional
        Notes is permitted pursuant to the Intercreditor Agreement,"

      
        
           

        

        
          -3-

          
            

          

        

        
           

        

      

      (e)    Section
        7.1(g)
        of the
        Loan Agreement is hereby amended to (i) delete the word "and" at the end
        of
        clause (3), (ii) delete the period at the end of clause
        (4)
        and
        substitute the word "and" therefor and (iii) add the following new clause
        (5)
        immediately after clause
        (4):

      

      "(5)
        any
        Foreign Subsidiary to Borrower to fund start-up costs and equipment purchases
        so
        long as such Indebtedness constitutes a Permitted Investment under clause
        (l) of
        the definition thereof." 

      

      (f)    Section
        7.1(j)
        of the
        Loan Agreement is hereby amended by deleting the reference therein to
        "$2,000,000" and by inserting in lieu thereof a reference to
        "$10,000,000".

      

      (g)   Section
        7.1(k)
        of the
        Loan Agreement is hereby amended by deleting the reference therein to "$500,000"
        and by inserting in lieu thereof a reference to "$2,000,000".

      

      (h)   Section
        7.7(b)
        of the
        Loan Agreement is hereby deleted in its entirety and the following is
        substituted therefor:

      

      "(b) except
        to
        the extent permitted by the Intercreditor Agreement, directly or indirectly,
        amend, modify, alter, increase or change any of the terms or conditions of
        any
        agreement, instrument, document, indenture or other writing evidencing or
        concerning Indebtedness by the Notes; provided,
        that,
        without regard to any provisions of the Intercreditor Agreement, no such
        amendment, modification, alteration, increase or change (other than pursuant
        to
        the provisions of Section
        7.1(d)(ii)
        above)
        shall increase the outstanding principal amount of the Notes." 

      

      (i)    Section
        7.13
        of the
        Loan Agreement is hereby deleted in its entirety and the following is
        substituted therefor:

      

      "7.13 
        Transactions
        with Affiliates.
        Except
        as otherwise expressly permitted herein, directly or indirectly enter into
        or
        permit to exist any transaction with any Affiliate of Borrower except for
        transactions that (a) are in the ordinary course of Borrower's business,
        (b) are
        upon fair and reasonable terms, (c) are no less favorable to Borrower or
        its
        Subsidiaries, as applicable, than would be obtained in an arm's length
        transaction with a non-Affiliate and (d) do not violate Section 7.10 hereof;
        provided, that (x) transfers as part of between Borrower and Viskase Mexico
        arising from or in connection with Viskase Mexico's operations as a Maquiladora
        under a Maquiladora Program and (y) sales, transfers and contributions of
        Inventory by Borrower or any Foreign Subsidiary to Borrower or any Foreign
        Subsidiary, in each case, shall be deemed transactions with Affiliates permitted
        pursuant to this Agreement."

      
        
           

        

        
          -4-

          
            

          

        

        
           

        

      

      (j)    Schedule
        5.5
        to the
        Loan Agreement is hereby amended by including the information set forth on
        Exhibit
        A
        hereto.

      

      4.    Conditions
        Precedent.
        The
        consents and amendments contained in Sections
        2 and 3
        above
        are subject to, and contingent upon, the prior or contemporaneous satisfaction
        of each of the following conditions precedent, each in form and substance
        satisfactory to the Lender:

      

      (a)   The
        Borrower and the Lender shall have executed and delivered to each other this
        Amendment;

      

      (b)   The
        Lender, LaSalle Bank National Association, in its capacity as collateral
        agent,
        the Borrower and the Subsidiaries of the Borrower party thereto shall have
        entered into that certain First Amendment to Intercreditor Agreement of even
        date herewith; 

      

      (c)   The
        Lender
        shall have received fully executed copies of the Series A Purchase Agreement
        and
        the First Supplemental Indenture;

      

      (d)   The
        Borrower shall have paid the Lender a fee in respect of the transactions
        contemplated hereby in the amount of $50,000, which fee shall be due and
        payable
        on the date hereof and non-refundable upon the payment thereof (and, by the
        execution and delivery hereof, the Borrower hereby authorizes and directs
        the
        Lender to make a Revolving Loan for purposes of satisfying in full the amount
        of
        such fee);

      

      (e)   The
        Borrower shall have paid the Lender's legal counsel's fees incurred in
        connection with this Amendment; and

      

      (f)   The
        Borrower shall have satisfied any other conditions of the Lender required
        in
        connection with this Amendment.

      

      5.    
Condition
        Subsequent.
        The
        consents and amendments contained in Sections
        2 and 3
        above
        are subject to, and contingent upon, the consummation of the Preferred A
        Issuance in accordance with the provisions of the Series A Purchase Agreement
        on
        or within ten (10) Business Days of the date hereof.

      

      6.    
Reference
        to and Effect on the Loan Agreement.
        Except
        as expressly provided herein, the Loan Agreement and all of the Loan Documents
        shall remain unmodified and continue in full force and effect and are hereby
        ratified and confirmed. Except as expressly provided herein, the execution,
        delivery and effectiveness of this Amendment shall not operate as a waiver
        of:
        (a) any right, power or remedy of the Lender under the Loan Agreement or
        any of
        the Loan Documents, or (b) any Default or Event of Default under the Loan
        Agreement or any of the Loan Documents.

      
        
           

        

        
          -5-

          
            

          

        

        
           

        

      

      7.    
Representations
        and Warranties of the Borrower.
        The
        Borrower hereby represents and warrants to the Lender, which representations
        and
        warranties shall survive the execution and delivery of this Amendment, that
        on
        and as of the date hereof and after giving effect to this
        Amendment:

      

      (a)    The
        execution, delivery, and performance by Borrower of this Amendment have been
        duly authorized by all necessary action on the part of Borrower.

      

      (b)    The
        execution, delivery, and performance by Borrower of this Amendment does not
        and
        will not (i) violate any provision of federal, state, or local law or regulation
        applicable to Borrower, the Governing Documents of Borrower, or any order,
        judgment, or decree of any court or other Governmental Authority binding
        on
        Borrower, (ii) conflict with, result in a breach of, or constitute (with
        due
        notice or lapse of time or both) a default under any material contractual
        obligation of Borrower, (iii) result in or require the creation or imposition
        of
        any Lien of any nature whatsoever upon any properties or assets of Borrower,
        other than Permitted Liens, or (iv) require any approval of Borrower's interest
        holders or any approval or consent of any Person under any material contractual
        obligation of Borrower, other than consents or approvals that have been obtained
        and that are still in force and effect.

       

      (c)    This
        Amendment and all other documents contemplated hereby, when executed and
        delivered by Borrower will be the legally valid and binding obligations of
        Borrower, enforceable against Borrower in accordance with their respective
        terms, except as enforcement may be limited by equitable principles or by
        bankruptcy, insolvency, reorganization, moratorium, or similar laws relating
        to
        or limiting creditors' rights generally. 

      

      (d)    The
        representations and warranties of the Borrower set forth in the Loan Agreement
        and in the Loan Documents are true, correct and complete, in all material
        respects, on and as of the date hereof (except to the extent that such
        representation and warranty relates solely to an earlier date); provided,
        that
        the references to the Loan Agreement therein shall be deemed to include the
        Loan
        Agreement as amended by this Amendment.

      

      (e)    The
        Borrower acknowledges that the Lender is specifically relying upon the
        representations, warranties and agreements contained in this Amendment and
        that
        such representations, warranties and agreements constitute a material inducement
        to the Lender in entering into this Amendment.

      
        
           

        

        
          -6-

          
            

          

        

        
           

        

      

      8.    
Release
        by the Borrower.
        In
        further consideration of the Lender's execution of this Amendment, the Borrower
        hereby waives any defense, right of set-off or claim against Lender, and
        any of
        its affiliates, directors, officers, employees, agents and representatives
        existing as of the date hereof with respect to the Loan Agreement and the
        Loan
        Documents and Borrower hereby forever remises, releases, acquits, satisfies
        and
        forever discharges the Lender, and each of its successors, assigns, affiliates,
        officers, employees, directors, agents and attorneys (collectively, the
        "Releasees")
        from
        any and all claims, demands, liabilities, disputes, damages, suits,
        controversies, penalties, fees, losses, costs, expenses, reasonable attorneys'
        fees, actions and causes of action (whether at law or in equity) and obligations
        of every nature whatsoever, whether liquidated or unliquidated, known or
        unknown, matured or unmatured, fixed or contingent, that Borrower ever had,
        now
        has, or may have against or seek from any or all of the Releasees that arise
        from or relate to any actions that any or all of the Releasees may have taken
        or
        omitted to take prior to the date this Amendment was executed (or otherwise)
        with respect to the Obligations, any Collateral, the Loan Agreement and any
        of
        the Loan Documents, other than for the Lender's gross negligence or willful
        misconduct.

      

      9.    
Reference
        to Loan Agreement; No Waiver.

      

      8.1          
        Upon
        the
        effectiveness of this Amendment, each
        reference in the Loan Agreement to "this Loan Agreement," "hereunder," "hereof,"
        "herein" or words of like import shall mean and be a reference to the Loan
        Agreement as amended hereby. The term "Loan Documents" as defined in
Section
        1.1
        of the
        Loan Agreement shall include (in addition to the Loan Documents described
        in the
        Loan Agreement) this Amendment and any other agreements, instruments or other
        documents executed in connection herewith.

      

      8.2          
        The
        Lender's failure, at any time or times hereafter, to require strict performance
        by the Borrower of any provision or term of the Loan Agreement, this Amendment
        or the other Loan Documents shall not waive, affect or diminish any right
        of the
        Lender thereafter to demand strict compliance and performance therewith.
        In no
        event shall the Lender's execution and delivery of this Amendment establish
        a
        course of dealing among the Lender, the Borrower, or any other obligor or
        in any
        other way obligate the Lender to hereafter provide any amendments or waivers
        with respect to the Loan Agreement. The terms and provisions of this Amendment
        shall be limited precisely as written and shall not be deemed: (A) to be
        a
        consent to a modification, amendment or waiver of any other term or condition
        of
        the Loan Agreement or of any other Loan Documents, or (B) to prejudice any
        right
        or remedy that the Lender or any Lender may now have under or in connection
        with
        the Loan Agreement or any of the other Loan Documents.

      

      10.          
        Successors
        and Assigns; Amendment.
        This
        Amendment shall be binding upon and inure to the benefit of the parties hereto
        and their respective successors and assigns; provided,
        however,
        Borrower may not assign this Amendment or any of its respective rights hereunder
        without the Lender's prior written consent. Any prohibited assignment of
        this
        Amendment shall be absolutely null and void. This Amendment may only be amended
        or modified by a writing signed by the Lender and the Borrower.

      
        
           

        

        
          -7-

          
            

          

        

        
           

        

      

      11.   Severability;
        Construction.
        Wherever possible, each provision of this Amendment shall be interpreted
        in such
        a manner so as to be effective and valid under applicable law, but if any
        provision of this Amendment is held to be prohibited by or invalid under
        applicable law, such provision or provisions shall be ineffective only to
        the
        extent of such provision and invalidity, without invalidating the remainder
        of
        this Amendment. Neither this Amendment nor any uncertainty or ambiguity herein
        shall be construed or resolved against Lender, whether under any rule of
        construction or otherwise. On the contrary, this Amendment has been reviewed
        by
        all parties hereto and shall be construed and interpreted according to the
        ordinary meaning of the words used so as to fairly accomplish the purposes
        and
        intentions of the parties hereto.

      

      12.   Counterparts;
        Facsimile.
        This
        Amendment may be executed in one or more counterparts, each of which taken
        together shall constitute one and the same instrument. Delivery of an executed
        counterpart of this Amendment by telefacsimile shall be equally as effective
        as
        delivery of a manually executed counterpart of this Amendment. Any party
        delivering an executed counterpart of this Amendment by telefacsimile shall
        also
        deliver a manually executed counterpart of this Amendment, but the failure
        to
        deliver a manually executed counterpart shall not affect the validity,
        enforceability or binding effect of this Amendment.

      

      13.         
        CHOICE
        OF LAW AND VENUE; JURY TRIAL WAIVER.

      

      (a)   THE
        VALIDITY OF THIS AMENDMENT, THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT
        HEREOF, AND THE RIGHTS OF THE PARTIES HERETO WITH RESPECT TO ALL MATTERS
        ARISING
        HEREUNDER OR RELATED HERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND
        CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
        ILLINOIS.

      

      (b)   THE
        PARTIES AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH
        THIS
        AMENDMENT SHALL BE TRIED AND LITIGATED ONLY IN THE STATE AND, TO THE EXTENT
        PERMITTED BY APPLICABLE LAW, FEDERAL COURTS LOCATED IN THE COUNTY OF COOK,
        STATE
        OF ILLINOIS, PROVIDED, HOWEVER, THAT ANY SUIT SEEKING ENFORCEMENT AGAINST
        ANY
        BORROWER COLLATERAL OR OTHER PROPERTY MAY BE BROUGHT, AT LENDER'S OPTION,
        IN THE
        COURTS OF ANY JURISDICTION WHERE LENDER ELECTS TO BRING SUCH ACTION OR WHERE
        BORROWER'S COLLATERAL OR OTHER PROPERTY MAY BE FOUND. BORROWER AND THE LENDER
        WAIVE, TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, ANY RIGHT EACH MAY HAVE
        TO
        ASSERT THE DOCTRINE OF FORUM NON CONVENIENS OR TO OBJECT TO VENUE TO THE
        EXTENT
        ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS SECTION
        13(b).

      
        
           

        

        
          -8-

          
            

          

        

        
           

        

      

      (c)   BORROWER
        AND THE LENDER HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY
        CLAIM
        OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AMENDMENT OR ANY OF
        THE
        TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS,
        BREACH
        OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. BORROWER AND
        THE
        LENDER REPRESENT THAT EACH HAS REVIEWED THIS WAIVER AND EACH KNOWINGLY AND
        VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL
        COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AMENDMENT MAY BE FILED
        AS A
        WRITTEN CONSENT TO A TRIAL BY THE COURT.

      

      [Signature
        Pages Follow]

      
        
           

        

        
          -9-

          
            

          

        

        
           

        

      

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

      

      
        	 	
                VISKASE
                  COMPANIES, INC.,
                  

              	 
	 	
                a
                  Delaware corporation, as Borrower

              	 
	 	 	 	 
	 	 	 	 
	 	
                By:
                  

              	
                /s/

              	 
	 	
                Title:

              	 	 
	 	 	 	 
	 	
                WELLS
                  FARGO FOOTHILL, INC.,
                  

              	 
	 	
                a
                  California corporation, as Lender

              	 
	 	 	 	 
	 	 	 	 
	 	
                By:
                  

              	
                /s/

              	 
	 	
                Title:

              	 	 

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Exhibit
        A 

      

      Amended
        and Restated Schedule 5.5 to Loan and Security
        Agreement

      

      Location
        of Inventory and Equipment

      

      
        	
                South
                  Cass Avenue, Suite 115

              	 
	
                Darien,
                  Illinois 60561 (Du Page County)

              	 
	
                 
                  

              	 
	 	 
	
                280
                  Shore Drive

              	 
	
                Burr
                  Ridge, Illinois 60521 (Du Page County)

              	 
	
                 
                  

              	 
	 	 
	
                106
                  Blair Bend Drive

              	 
	
                Loudon,
                  Tennessee 37774 (Loudon County)

              	 
	
                 
                  

              	 
	 	 
	
                2221
                  East State Highway 198

              	 
	
                Osceola,
                  Arkansas 72370-9704 (Mississippi County)

              	 
	
                 
                  

              	 
	 	 
	
                102
                  East Bailie Street

              	 
	
                Kentland,
                  Indiana 47951 (Newton County)

              	 
	
                 
                  

              	 
	 	 
	
                1100
                  Westlake Parkway

              	 
	
                Atlanta,
                  GA 30336 (Fulton County)

              	 
	
                 
                  

              	 
	 	 
	
                176
                  Dingens Street

              	 
	
                Buffalo,
                  NY 14206 (Erie County)

              	 
	
                 
                  

              	 
	 	 
	
                3146
                  South Chestnut

              	 
	
                Fresno,
                  CA 93725 (Fresno County)

              	 
	
                 
                  

              	 
	 	 
	
                3507
                  West U.S. Highway 24

              	 
	
                Remington,
                  IN 47977 (Jasper County)

              	 
	
                 
                  

              	 
	 	 
	
                1502
                  Quebec Avenue

              	 
	
                Saskatoon,
                  Saskatchewan S7K 3P4

              	 
	
                Canada

              	 
	
                 
                  

              	 

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	
                150
                  Colborne Street East

              	 
	
                Lindsay,
                  Ontario K9V 6K4

              	 
	
                Canada

              	 
	
                 
                  

              	 
	  	 
	
                Viskase
                  del Norte, S.A. de C.V.

              	 
	
                Avenida
                  Nexxus 125

              	 
	
                Parque
                  Industrial Nexxus XXI

              	 
	
                Escobedo,
                  N.L. 66055

              	 
	
                Mexico

              	 
	
                  
                  

              	 
	 	 
	
                Inland
                  Star Distribution

              	 
	
                3146
                  South Chestnut

              	 
	
                Fresno,
                  CA 93745

              	 
	
                (Public
                  Warehouse)

              	 
	
                 
                  

              	 
	 	 
	
                Smith
                  Transport

              	 
	
                3507
                  W. U.S. Highway 24

              	 
	
                Remington,
                  IN 47977 

              	 
	
                (Public
                  Warehouse)

              	 
	
                 
                  

              	 
	 	 
	
                Warehouse
                  Basics

              	 
	
                1100
                  Westlake Parkway

              	 
	
                Atlanta,
                  GA 30336

              	 
	
                (Public
                  Warehouse)

              	 
	
                 
                  

              	 
	 	 
	
                Burnham
                  (Canada) Ltd.

              	 
	
                1502
                  Quebec Avenue

              	 
	
                Saskatoon,
                  SK S7K1V7

              	 
	
                (Public
                  Warehouse)

              	 
	
                 
                  

              	 
	 	 
	
                AVRA
                  Warehouse 

              	 
	
                410
                  Jay Street

              	 
	
                Cold
                  Water, MI 49036

              	 
	
                (Public
                  Warehouse)

              	 
	
                 
                  

              	 

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	 	 
	
                United
                  Warehouse

              	 
	
                820
                  Indianapolis Street

              	 
	
                Wichita,
                  KS 67219

              	 
	
                (Public
                  Warehouse)

              	 
	
                 
                  

              	 
	 	 
	
                Martin
                  Enterprises

              	 
	
                6003
                  West Main Street

              	 
	
                Williamston,
                  NC 27892

              	 
	
                (Public
                  Warehouse

              	 
	
                 
                  

              	 
	 	 
	
                Sara
                  Lee Foods

              	 
	
                c/o
                  BMS Warehouse

              	 
	
                3601
                  South Leonard Road

              	 
	
                Saint
                  Joseph, MO 64503

              	 
	
                (Public
                  Warehouse)

              	 
	
                 
                  

              	 
	 	 
	
                Sara
                  Lee Foods 

              	 
	
                c/o
                  Verst Group Logistics

              	 
	
                300
                  Shorland Dr.

              	 
	
                Walton,
                  KY 41094

              	 
	
                (Public
                  Warehouse)

              	 
	
                 
                  

              	 
	 	 
	
                Niagra
                  Tying Service

              	 
	
                176
                  Dingens St

              	 
	
                Buffalo,
                  NY 14206

              	 
	
                (Converter)

              	 
	
                 
                  

              	 
	 	 
	
                Casing
                  Tying Service, Inc.

              	 
	
                39
                  Atlantic Street

              	 
	
                Garfield,
                  NJ 07026

              	 
	
                (Converter)

              	 
	
                 
                  

              	 
	 	 
	
                Hutchinson
                  Tie Service, Inc.

              	 
	
                6514
                  S. Lavergne Street

              	 
	
                Bedford
                  Park, IL 60638

              	 
	
                (Converter)

              	 
	
                 
                  

              	 

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	
                Scotnet

              	 
	
                801
                  William Lane

              	 
	
                Reading,
                  PA 19604

              	 
	
                (Converter)

              	 
	
                 
                  

              	 
	 	 
	
                Murray’s
                  Warehousing

              	 
	
                1011
                  Floral Lane

              	 
	
                Davenport,
                  IA 52808

              	 
	
                (Customer’s
                  Public Warehouse)

              	 
	
                 
                  

              	 
	 	 
	
                Love
                  Box Co.

              	 
	
                2500
                  N. Stadium Blvd, Bldg 4

              	 
	
                Columbia,
                  MO 65202

              	 
	
                (Customer’s
                  Public Warehouse)

              	 
	
                 
                  

              	 
	 	 
	
                Vienna
                  Sausage Mfg. Co.

              	 
	
                2501
                  N. Damen Ave.

              	 
	
                Chicago,
                  IL 60647

              	 
	
                (Customer)

              	 
	
                 
                  

              	 
	 	 
	
                Cumberland
                  Gap Provision Co.

              	 
	
                South
                  23rd Street

              	 
	
                Middlesboro,
                  KY 40965

              	 
	
                (Customer)

              	 
	
                 
                  

              	 
	 	 
	
                Dakota
                  Pork Industries

              	 
	
                915
                  East Havens Street

              	 
	
                Mitchell,
                  SD 57301

              	 
	
                (Customer)

              	 
	
                 
                  

              	 
	 	 
	
                Kunzler
                  & Co. Inc.

              	 
	
                648-652
                  Manor Street

              	 
	
                Lancaster,
                  PA 17604

              	 
	
                (Customer)

              	 
	
                 
                  

              	 

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	
                Gwaltney
                  of Smithfield LTD

              	 
	
                2175
                  Elmhurst Lane

              	 
	
                Portsmouth,
                  VA 23701

              	 
	
                (Customer)

              	 
	
                 
                  

              	 
	 	 
	
                Bar-S-Foods
                  Co.

              	 
	
                211
                  South Locust Street

              	 
	
                Clinton,
                  OK 73601

              	 
	
                (Customer)

              	 
	
                 
                  

              	 
	 	 
	
                Best
                  Kosher Foods Corp.

              	 
	
                3822
                  S. Morgan Street and 1000 West Pershing

              	 
	
                Chicago,
                  IL 60609

              	 
	
                (Customer)

              	 
	
                 
                  

              	 
	 	 
	
                John
                  Morrell & Company

              	 
	
                1400
                  N. Weber Avenue

              	 
	
                Sioux
                  Falls, SD 57117

              	 
	
                (Customer)

              	 
	
                 
                  

              	 
	 	 
	
                The
                  Dial Corporation

              	 
	
                Route
                  US 61 South

              	 
	
                Fort
                  Madison, IA 52627

              	 
	
                (Customer)

              	 
	
                 
                  

              	 
	 	 
	
                Hillshire
                  Farms & Kahn’s Co.

              	 
	
                3241
                  Spring Grove

              	 
	
                Cincinnati,
                  OH 45225

              	 
	
                (Customer)

              	 
	
                 
                  

              	 
	 	 
	
                IBP
                  Foods, Inc.

              	 
	
                2000
                  Oak Industrial Drive NE

              	 
	
                Grand
                  Rapids, MI 49505

              	 
	
                (Customer)

              	 
	
                 
                  

              	 

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	
                St.
                  Joseph Foods

              	 
	
                5807
                  Mitchell Avenue

              	 
	
                Saint
                  Joseph, MO 64507

              	 
	
                (Customer)

              	 
	
                 
                  

              	 
	 	 
	
                Berks
                  Packing Company, Inc.

              	 
	
                319
                  Bingaman Street

              	 
	
                Reading,
                  PA 19610 

              	 
	
                (Customer)

              	 
	
                 
                  

              	 
	 	 
	
                Conagra
                  Broiler Company

              	 
	
                1350
                  Bloomingdale Road

              	 
	
                Queenstown,
                  MD 21658

              	 
	
                (Customer)

              	 
	
                 
                  

              	 
	 	 
	
                Sara
                  Lee Foods - Cincinnati Facility

              	 
	
                3241
                  Spring Grove

              	 
	
                Cincinnati,
                  OH 45225

              	 
	
                (Customer)

              	 
	
                 
                  

              	 
	 	 
	
                Sara
                  Lee Foods - St. Joseph Facility

              	 
	
                5807
                  Mitchell Avenue

              	 
	
                Saint
                  Joseph, MO 64507

              	 
	
                (Customer)

              	 
	
                 
                  

              	 
	 	 
	
                Farmland
                  Foods

              	 
	
                2323
                  South Sheridan 

              	 
	
                Wichita,
                  KS 67213-0277

              	 
	
                (Customer)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}]]