Document:

Exhibit 10.18

             

            
            FIRST AMENDMENT TO CREDIT AGREEMENT

             

            
            THIS FIRST AMENDMENT TO CREDIT AGREEMENT
            (this
            “Amendment”), dated as
            of February 29, 2008, is by and among TREDEGAR
            CORPORATION, a Virginia corporation (the
            “Borrower”), the
            Domestic Subsidiaries of the Borrower as may from time to time become a party hereto
            (collectively, the
            “Guarantors”),
            and WACHOVIA BANK, NATIONAL
            ASSOCIATION, as administrative agent on behalf of the Lenders
            under the Credit Agreement (as hereinafter defined) (in such capacity, the
            “Administrative Agent”).
            Capitalized terms used herein and not otherwise defined herein shall have the meanings
            ascribed thereto in the Credit Agreement.

             

            W
            I T N E S S E T H

             

            
            WHEREAS, the Borrower, the Guarantors,
            certain banks and financial institutions from time to time party thereto (the
            “Lenders”) and the
            Administrative Agent are parties to that certain Credit Agreement dated as of December
            15, 2005 (as amended, modified, extended, restated, replaced, or supplemented from time
            to time, the “Credit
            Agreement”);

             

            
            WHEREAS, the Credit Parties have requested
            the Required Lenders amend certain provisions of the Credit Agreement; and

             

            
            WHEREAS, the Required Lenders are willing
            to make such amendments to the Credit Agreement, subject to the terms and conditions
            set forth herein.

             

            
            NOW, THEREFORE, in consideration of the
            agreements hereinafter set forth, and for other good and valuable consideration, the
            receipt and adequacy of which are hereby acknowledged, the parties hereto agree as
            follows:

             

            
            ARTICLE I

            
            AMENDMENTS TO CREDIT AGREEMENT

             

            
            1.1       
            New Definition.
            The following definition is hereby added to Section 1.01 of the
            Credit Agreement in the appropriate alphabetical order:

            
             

            
            “First Amendment Effective
            Date” shall mean February 29,
            2008.

             

            
            1.2       
            Amendment to Definition of Permitted
            Investments. The definition
            of Permitted Investments set forth in Section 1.1 of the Credit Agreement is
            hereby amended by (1) amending and restating clause (h) of such definition and (2)
            adding a new clause (i) to the end of such definition and making the appropriate
            punctuation and grammatical changes thereto as follows:

             

            

             

            
            

            

             

            
            (h)       
            additional loans, advances and/or Investments of a nature not
            contemplated by the foregoing or following clauses hereof; provided that such loans,
            advances and/or Investments made pursuant to this
            clause  (h) shall (i) not
            exceed an aggregate amount of more than $75,000,000 at any time outstanding and (ii) be
            accounted for at original cost or amount invested, loaned or advanced for the purposes
            of determining compliance with this limitation; and

             

            
            (i)        
            Investments existing as of the First Amendment Effective Date and set
            forth on Schedule
            1.01.

             

            
            1.3       
            Amendment to Section
            6.04. Section 6.04 of the
            Credit Agreement is hereby amended by adding the following clause (e) to the end of
            such section and making the appropriate punctuation and grammatical changes thereto as
            follows:

            
             

            
            (e)       any Credit Party or any of
            its Subsidiaries from dissolving or disposing of any Subsidiary (other than Significant
            Subsidiaries).

             

            
            1.4       
            Amendment to Section
            6.07. Section 6.07 is
            hereby amended and restated in its entirety to read as follows:

             

            
            Permit Consolidated Stockholders’ Equity, at any time, to be
            less than $315,000,000 increased on a cumulative basis at the end of each fiscal
            quarter of the Borrower, beginning with the fiscal quarter ended September 30, 2007, by
            an amount equal to 50% of Consolidated Net Income (to the extent positive) for the
            fiscal quarter then ended.

            
             

            
            ARTICLE II

            
            CONDITIONS TO EFFECTIVENESS

             

            
            2.1       
            Closing Conditions.
            This Amendment shall become effective as of the day and year set forth
            above (the “Amendment Effective
            Date”) upon satisfaction of the following conditions
            (in form and substance reasonably acceptable to the Administrative Agent):

             

            
            (a)       
            Executed Amendment. The Administrative
            Agent shall have received a copy of this Amendment duly executed by each of the Credit
            Parties and the Administrative Agent, on behalf of the Required Lenders.

             

            
            (b)       
            Executed Consents. The Administrative Agent
            shall have received executed consents, in substantially the form of
            Exhibit A attached hereto, from the
            Required Lenders authorizing the Administrative Agent to enter into this Amendment on
            their behalf. The delivery by the Administrative Agent of its signature page to this
            Amendment shall constitute conclusive evidence that the consents from the Required
            Lenders have been obtained.

             

            
            2

            

             

            
            

            

             

            
            (c)       
            Default. After giving effect to this
            Amendment, no Default or Event of Default shall exist.

             

            
            (d)       
            Fees and Expenses. The Administrative Agent
            shall have received from the Borrower, on behalf of each Lender that executes and
            delivers a Lender Consent to the Administrative Agent by 4:00 p.m. (Charlotte, NC time)
            on February 29, 2008, an amendment fee in an amount equal to five (5) basis points on
            the aggregate Commitments of such approving Lenders. In addition, the Administrative
            Agent shall have received from the Borrower such other fees and expenses that are
            payable in connection with the consummation of the transactions contemplated hereby,
            including, without limitation, the reasonable fees and expenses of Moore & Van
            Allen PLLC.

             

            
            (e)       
            Miscellaneous. All other documents and
            legal matters in connection with the transactions contemplated by this Amendment shall
            be reasonably satisfactory in form and substance to the Administrative Agent and its
            counsel.

             

            
            ARTICLE III

            
            MISCELLANEOUS

             

            
            3.1       
            Amended Terms.
            On and after the Amendment Effective Date, all references to the Credit
            Agreement in each of the Loan Documents shall hereafter mean the Credit Agreement as
            amended by this Amendment. Except as specifically amended hereby or otherwise agreed,
            the Credit Agreement is hereby ratified and confirmed and shall remain in full force
            and effect according to its terms.

             

            
            3.2       
            Representations and Warranties of Credit
            Parties. Each of the Credit
            Parties represents and warrants as follows:

             

            
            (a)       It has taken all necessary
            action to authorize the execution, delivery and performance of this
            Amendment.

             

            
            (b)       This Amendment has been
            duly executed and delivered by such Credit Party and constitutes such Credit
            Party’s legal, valid and binding obligations, enforceable in accordance with its
            terms, except as such enforceability may be subject to (i) bankruptcy, insolvency,
            reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting
            creditors’ rights generally and (ii) general principles of equity
            (regardless of whether such enforceability is considered in a proceeding at law or in
            equity).

             

            
            (c)       No consent, approval,
            authorization or order of, or filing, registration or qualification with, any court or
            governmental authority or third party is required in connection with the execution,
            delivery or performance by such Person of this Amendment.

             

            
            3

            

             

            
            

            

             

            
            (d)       The representations and
            warranties set forth in Article III of the Credit Agreement are true and correct
            as of the date hereof (except for those which expressly relate to an earlier
            date).

             

            
            (e)       After giving effect to this
            Amendment, no event has occurred and is continuing which constitutes a Default or an
            Event of Default.

             

            
            (f)        Except as
            specifically provided in this Amendment, the Credit Party Obligations are not reduced
            or modified by this Amendment.

             

            
            3.3       
            Reaffirmation of Credit Party
            Obligations. Each Credit
            Party hereby ratifies the Credit Agreement and acknowledges and reaffirms (a) that
            it is bound by all terms of the Credit Agreement applicable to it and (b) that it
            is responsible for the observance and full performance of its respective Credit Party
            Obligations.

             

            
            3.4       
            Loan Document.
            This Amendment shall constitute a Loan Document under the terms of the
            Credit Agreement.

             

            
            3.5       
            Expenses.
            The Borrower agrees to pay all reasonable costs and expenses of the
            Administrative Agent in connection with the preparation, execution and delivery of this
            Amendment, including without limitation the reasonable fees and expenses of the
            Administrative Agent’s legal counsel.

             

            
            3.6       
            Further Assurances.
            The Credit Parties agree to promptly take such action, upon the request
            of the Administrative Agent, as is necessary to carry out the intent of this
            Amendment.

             

            
            3.7       
            Entirety.
            This Amendment and the other Loan Documents embody the entire agreement
            among the parties hereto and supersede all prior agreements and understandings, oral or
            written, if any, relating to the subject matter hereof.

             

            
            3.8       
            Counterparts;
            Telecopy. This Amendment may
            be executed in any number of counterparts, each of which when so executed and delivered
            shall be an original, but all of which shall constitute one and the same instrument.
            Delivery of an executed counterpart to this Amendment by telecopy or other electronic
            means shall be effective as an original and shall constitute a representation that an
            original will be delivered.

             

            
            3.9       
            No Actions, Claims,
            Etc. As of the date hereof,
            each of the Credit Parties hereby acknowledges and confirms that it has no knowledge of
            any actions, causes of action, claims, demands, damages and liabilities of whatever
            kind or nature, in law or in equity, against the Administrative Agent, the Lenders, or
            the Administrative Agent’s or the Lenders’ respective officers, employees,
            representatives, agents, counsel or directors arising from any action by such Persons,
            or failure of such Persons to act under this Credit Agreement on or prior to the date
            hereof.

             

            
            4

            

             

            
            

            

             

            
            3.10     
            GOVERNING LAW.
            THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND
            ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NORTH CAROLINA.

             

            
            3.11     
            Successors and
            Assigns. This Amendment
            shall be binding upon and inure to the benefit of the parties hereto and their
            respective successors and assigns.

             

            
            3.12     
            General Release.
            In consideration of the Administrative Agent, on behalf of the Lenders,
            entering into this Amendment, each Credit Party hereby releases the Administrative
            Agent, the Lenders, and the Administrative Agent’s and the Lenders’
            respective officers, employees, representatives, agents, counsel and directors from any
            and all actions, causes of action, claims, demands, damages and liabilities of whatever
            kind or nature, in law or in equity, now known or unknown, suspected or unsuspected to
            the extent that any of the foregoing arises from any action or failure to act under the
            Credit Agreement on or prior to the date hereof, except, with respect to any such
            person being released hereby, any actions, causes of action, claims, demands, damages
            and liabilities arising out of such person’s gross negligence, bad faith or
            willful misconduct.

             

            
            3.13     
            Consent to Jurisdiction; Service of Process; Waiver of Jury
            Trial. The jurisdiction,
            services of process and waiver of jury trial provisions set forth in Sections 9.11
            and 9.16 of the Credit Agreement are hereby incorporated by reference,
            mutatis mutandis.

            
             

             

            
            5

            

             

            
            

            

             

            
            TREDEGAR CORPORATION

            FIRST
            AMENDMENT TO CREDIT AGREEMENT

             

            
            IN WITNESS WHEREOF the parties hereto have caused this Amendment to be
            duly executed on the date first above written.

             

            
                	
                            
                            BORROWER:

                        	
                            
                            TREDEGAR CORPORATION

                        

            

            
             

            
                	
                            
                             

                        	
                            
                            By: /s/ D. Andrew
                            Edwards          

                        

            

            
                	
                            
                             

                        	
                            
                            Name:

                        	
                            
                            D. Andrew Edwards

                        

            

            
                	
                            
                             

                        	
                            
                            Title:

                        	
                            
                            Vice President, CFO and Treasurer

                        

            

             

            
                	
                            
                            GUARANTORS:

                        

            

            
                	
                            
                            AUS CORPORATION, a Virginia corporation

                        
	
                            
                            BON L ALUMINUM LLC, a Virginia limited
                            liability company

                        
	
                            
                            BON L CAMPO LIMITED PARTNERSHIP, a Texas
                            limited  partnership

                        
	
                            
                            BON L HOLDINGS CORPORATION, a Virginia
                            corporation

                        
	
                            
                            BON L MANUFACTURING COMPANY, a
                            Virginia  corporation

                        
	
                            
                            El Campo GP, LLC, a Virginia limited liability
                            company

                        
	
                            
                            THE WILLIAM L. BONNELL COMPANY, INC., a Georgia
                            corporation

                        
	
                            
                            TREDEGAR CONSUMER DESIGNS, INC., a Virginia
                            corporation

                        
	
                            
                            IDLEWOOD PROPERTIES, INC., a Virginia
                            corporation

                        
	
                            
                            AFBS, INC., a Virginia corporation

                        
	
                            
                            TREDEGAR FAR EAST CORPORATION, a Virginia
                             corporation

                        
	
                            
                            TREDEGAR FILM PRODUCTS CORPORATION, a
                            Virginia corporation

                        
	
                            
                            TREDEGAR FILM PRODUCTS (EUROPE), INC., a
                            Virginia corporation

                        
	
                            
                            TREDEGAR FILM PRODUCTS - LAKE ZURICH, LLC, a Virginia
                            limited liability company

                        
	
                            
                            TREDEGAR FILM PRODUCTS (LATIN AMERICA), Inc.,
                            a  Virginia corporation

                        
	
                            
                            TREDEGAR FILM PRODUCTS (U.S.) LLC, a
                            Virginia  limited liability company

                        
	
                            
                            TREDEGAR FILMS DEVELOPMENT, INC., a
                            Virginia  corporation

                        
	
                            
                            TREDEGAR FILMS RS CONVERTING, LLC, a Virginia limited
                            liability company

                        
	
                            
                             

                        
	
                            
                             

                        
	
                            
                             

                        
	
                            
                             

                            
                            By:      
                            /s/ D. Andrew
                            Edwards                                    
                             

                            
                            Name:  D. Andrew Edwards

                            
                            Title:    Vice President and
                            Treasurer

                            
                             

                            
                             

                        
	
                            
                             

                        
	
                            
                             

                        

            

             

            

             

            
            

            

             

            
            TREDEGAR CORPORATION

            FIRST
            AMENDMENT TO CREDIT AGREEMENT

             

             

            
                	
                            
                            TREDEGAR PERFORMANCE FILMS INC., a Virginia
                            corporation

                        
	
                            
                            TREDEGAR INVESTMENTS, INC., a Virginia
                            corporation

                        
	
                            
                            TREDEGAR INVESTMENTS II, INC., a Virginia
                            corporation

                        
	
                            
                            TREDEGAR REAL ESTATE HOLDINGS, INC., a
                            Virginia corporation

                        
	
                            
                            FALLING SPRINGS, LLC, a Virginia   limited
                            liability company

                        
	
                            
                            JACKSON RIVER MOUNTAIN PROPERTIES LLC., a
                            Virginia limited

                                   liability company

                        
	
                            
                            SMITH BRIDGE 40, a Virginia limited liability
                            company

                        
	
                            
                             

                        
	
                            
                             

                        
	
                            
                             

                        
	
                            
                             

                            
                            By:       
                            /s/ D. Andrew
                            Edwards                                             
                             

                            
                            Name:  D. Andrew Edwards

                            
                            Title:    Vice President and
                            Treasurer

                            
                             

                            
                             

                        

            

             

             

            

             

            
            

            

             

            
                	
                            
                            ADMINISTRATIVE AGENT:

                        	
                            
                            WACHOVIA BANK, NATIONAL ASSOCIATION,

                        

            

            
            as a Lender and as Administrative Agent on behalf of the Required
            Lenders

             

            
                	
                            
                             

                        	
                            
                            By:

                        	
                            
                            /s/ C. Jeffrey
                            Seaton        

                        

            

            
                	
                            
                             

                        	
                            
                            Name:

                        	
                            
                            C. Jeffrey Seaton

                        

            

            
                	
                            
                             

                        	
                            
                            Title:

                        	
                            
                            Managing DirectorExhibit
            10.1

            EXECUTION
            COPY

            SECOND
            AMENDMENT TO

            THIRD AMENDED AND RESTATED CREDIT AGREEMENT

            
                                SECOND
            AMENDMENT, dated as of February 28, 2008 to the Credit Agreement referred to below
            (this “Amendment”), by and among BUTLER SERVICE GROUP, INC., a New
            Jersey corporation, as the Borrower (the “Borrower”), the other
            Credit Parties signatory hereto, GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware
            corporation, for itself, as Lender, and as Agent for Lenders (in such capacity, the
            “Agent”) and the other Lenders signatory hereto.

            W I
            T N E S S E T H:

            
                                WHEREAS,
            the Borrower, the other Credit Parties signatory thereto, Agent, and Lenders signatory
            thereto are parties to that certain Third Amended and Restated Credit Agreement, dated
            as of August 29, 2007, as amended on February 1, 2008 (including, all annexes, exhibits
            and schedules thereto, and as amended, supplemented or otherwise modified from time to
            time prior to the date hereof, the “Credit Agreement”);
            and

            
                                WHEREAS,
            Agent and Lenders have agreed to amend the Credit Agreement in the manner and on the
            terms and conditions provided for herein.

            
                                NOW
            THEREFORE, in consideration of the premises and for other good and valuable
            consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged,
            the parties hereby agree as follows:

            
                                
            1.          Definitions.
            Capitalized terms not otherwise defined herein shall have the meanings ascribed to them
            in Annex A of the Credit Agreement.

            
                                
            2.          Amendments to Credit
            Agreement. Annex A of the Credit Agreement is hereby amended as of the
            Second Amendment Effective Date by:

            
                                 
                       (a)          adding
            the following definition in the appropriate alphabetical order:

            
                                
                                       
            Second Amendment Effective Date” means February 28, 2008.

            
                               
                        
            (b)          deleting the language
            “February 29, 2008” in clause (a) of the definition of
            “Commitment Termination Date” and substituting in lieu thereof the
            language “April 14, 2008”; and

            
                               
                        
            (c)          deleting clause
            (a) of the definition of “Reserves” in its entirety and
            substituting in lieu thereof the following text: “(a) a reserve for the face
            amount of all Letters of Credit issued hereunder as in effect on the Second Amendment
            Effective Date,”.

            
                                
            3.          Payment of Default
            Rate. The Borrower and the other Credit Parties acknowledge and agree that Agent
            provided notice to the Borrower that, commencing on January

            

            

            

            As of February 28, 2008

            Page 2 of 7

            3, 2008, all outstanding
            Obligations bore interest at the Default Rate in accordance with Section 1.5(d)
            of the Credit Agreement through the date hereof, all of which interest shall be due and
            payable in cash on the Commitment Termination Date; provided, that the
            Default Rate interest due on the date hereof shall be waived if the Borrower pays in
            full in cash on the Commitment Termination Date all then outstanding Obligations
            (including, without limitation, cash collateralizing all outstanding Letters of Credit
            in accordance with the terms of Section 1.2 and Annex B, clause (c) of
            the Credit Agreement), together with interest, fees, expenses, attorneys fees and any
            other charges hereafter accruing through the date of payment, under the Loan Documents;
            provided, further, that to the extent all outstanding Obligations are not
            paid in full on or prior to the Commitment Termination Date, all outstanding
            Obligations shall continue to bear interest at the Default Rate until such Obligations
            are paid in full.

            
                                
            4.          Representations and
            Warranties. To induce Agent and Lenders to enter into this Amendment, each of the
            Borrower and Credit Parties make the following representations and warranties to Agent
            and Lenders:

            
                                              (a)          The
            execution, delivery and performance of this Amendment and the performance of the Credit
            Agreement, as amended by this Amendment (the “Amended Credit
            Agreement”) by the Borrower and the other Credit Parties: (a) is within such
            Person’s organizational power; (b) has been duly authorized by all necessary or
            proper corporate and shareholder action; (c) does not contravene any provision of such
            Person’s charter or bylaws or equivalent organizational documents; (d) does not
            violate any law or regulation, or any order or decree of any court or Governmental
            Authority; (e) does not conflict with or result in the breach or termination of,
            constitute a default under or accelerate or permit the acceleration of any performance
            required by, any indenture, mortgage, deed of trust, lease, agreement or other
            instrument to which such Person is a party or by which such Person or any of its
            property is bound; (f) does not result in the creation or imposition of any Lien upon
            any of the property of such Person other than those in favor of Agent pursuant to the
            Loan Documents; and (g) does not require the consent or approval of any Governmental
            Authority or any other Person.

            
                                              (b)          This
            Amendment has been duly executed and delivered by or on behalf of each of the Borrower
            and the other Credit Parties.

            
                                              (c)          Each
            of this Amendment and the Amended Credit Agreement constitutes a legal, valid and
            binding obligation of the Borrower and each of the other Credit Parties party thereto,
            enforceable against each in accordance with its terms, except as enforceability may be
            limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar
            laws affecting creditors’ rights generally and by general equitable principles
            (whether enforcement is sought by proceedings in equity or at law).

            
                                              (d)          No
            Default or Event of Default has occurred and is continuing after giving effect to this
            Amendment.

            
                                              (e)          No
            action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the
            knowledge of any Credit Party, threatened against any Credit Party, at law, in equity
            or otherwise, before any court, board, commission, agency or instrumentality
            of

            

            

            

            As of February 28, 2008

            Page 3 of 7

            any Governmental Authority, or
            before any arbitrator or panel of arbitrators, (a) which challenges the
            Borrower’s or, to the extent applicable, any other Credit Party’s right,
            power, or competence to enter into this Amendment or perform any of their respective
            obligations under this Amendment, the Amended Credit Agreement or any other Loan
            Document, or the validity or enforceability of this Amendment, the Amended Credit
            Agreement or any other Loan Document or any action taken under this Amendment, the
            Amended Credit Agreement or any other Loan Document or (b) which if determined
            adversely, is reasonably likely to have or result in a Material Adverse Effect. To the
            knowledge of Holdings or Borrower, there does not exist a state of facts which is
            reasonably likely to give rise to such proceedings.

            
                                             (f)          The
            representations and warranties of the Borrower and the other Credit Parties contained
            in the Credit Agreement and each other Loan Document shall be true and correct on and
            as of the Second Amendment Effective Date and the date hereof with the same effect as
            if such representations and warranties had been made on and as of such date, except
            that any such representation or warranty which is expressly made only as of a specified
            date need be true only as of such date.

            
                                5.          
            No Other Amendments/Waivers. Except as expressly amended herein, the Credit
            Agreement and the other Loan Documents shall be unmodified and shall continue to be in
            full force and effect in accordance with their terms. In addition, this Amendment shall
            not be deemed a waiver of any term or condition of any Loan Document and shall not be
            deemed to prejudice any right or rights which Agent, for itself and Lenders, may now
            have or may have in the future under or in connection with any Loan Document or any of
            the instruments or agreements referred to therein, as the same may be amended from time
            to time.

            
                                6.          
            Outstanding Indebtedness; Waiver of Claims. Each of the Borrower and the other
            Credit Parties hereby acknowledges and agrees that as of February 28, 2008, the
            aggregate outstanding principal amount of the Revolving Loan is $32,683,174 and the
            aggregate outstanding Letters of Credit Obligations is $3,845,844, and that such
            principal amounts are payable pursuant to the Credit Agreement without defense, offset,
            withholding, counterclaim or deduction of any kind. The Borrower and each other Credit
            Party hereby waives, releases, remises and forever discharges Agent, Lenders and each
            other Indemnified Person from any and all claims, suits, actions, investigations,
            proceedings or demands arising out of or in connection with the Credit Agreement
            (collectively, “Claims”), whether based in contract, tort, implied
            or express warranty, strict liability, criminal or civil statute or common law of any
            kind or character, known or unknown, which the Borrower or any other Credit Party ever
            had, now has or might hereafter have against Agent or Lenders which relates, directly
            or indirectly, to any acts or omissions of Agent, Lenders or any other Indemnified
            Person on or prior to the date hereof; provided, that neither the Borrower nor
            any other Credit Party waives any Claim solely to the extent such Claim relates to the
            Agent’s or any Lender’s gross negligence or willful misconduct.

            
                                7.          
            Amendment Fee. The Borrower and the other Credit Parties hereby jointly and
            severally agree to pay to the Agent, for the ratable benefit of the Lenders, an
            amendment fee in the aggregate amount of $450,000, which shall be fully earned on the
            Second Amendment Effective Date (the “Amendment Fee”);
            provided, that such Amendment Fee shall be due and payable in weekly
            installments in the amount of $75,000 by not later than 5:00 P.M.

            

            

            

            As of February 28, 2008

            Page 4 of 7

            (New York time) commencing on
            March 7, 2008 and each Friday thereafter, together with interest, fees, expenses,
            attorneys fees and any other charges hereafter accruing through the date of payment,
            under the Loan Documents.

            
                                8.          
            Expenses. The Borrower and the other Credit Parties hereby reconfirm their
            respective obligations pursuant to Sections 1.9 and 11.3 of the Credit
            Agreement to pay and reimburse Agent, for itself and Lenders, for all reasonable costs
            and expenses (including, without limitation, reasonable fees of counsel) incurred in
            connection with the negotiation, preparation, execution and delivery of this Amendment
            and all other documents and instruments delivered in connection herewith.

            
                                9.          
            Effectiveness. This Amendment shall be deemed effective as of the date hereof
            (the “Second Amendment Effective Date”) only upon satisfaction in
            full in the judgment of Agent of each of the following conditions:

            
                                             (a)          
            Amendment. Agent shall have received five (5) original copies of this Amendment
            duly executed and delivered by Agent, the Lenders, the Borrower and the other Credit
            Parties.

            
                                             (b)          
            Payment of Fees and Expenses. The Borrower shall have paid to Agent all
            documented costs, fees and expenses owing to Agent in connection with this Amendment
            and the other Loan Documents (including, without limitation, reasonable legal fees and
            expenses).

            
                                             (c)          
            Representations and Warranties. The representations and warranties of or on
            behalf of the Borrower and the Credit Parties in this Amendment shall be true and
            correct on and as of the Second Amendment Effective Date and the date hereof, except
            that any such representation or warranty which is expressly made only as of a specified
            date need be true only as of such date.

            
                                10.        
            GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND INTERPRETED IN
            ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

            
                                11.        
            Counterparts. This Amendment may be executed by the parties hereto on any number
            of separate counterparts and all of said counterparts taken together shall be deemed to
            constitute one and the same instrument.

            [SIGNATURE
            PAGES FOLLOW]

            

            

            

            As of February 28, 2008

            Page 5 of 7

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

            	
                         

                    	
                         

                    	
                         

                    	
                         

                    	
                         

                    
	
                         

                    	
                        BUTLER SERVICE
                        GROUP, INC., as Borrower

                    
	
                         

                    	
                    
	
                         

                    	
                        By:

                    	
                        
                        /s/
                        Mark
                        Koscinski

                    
	
                         

                    	
                         

                    	
                        

                    
	
                         

                    	
                        Name:

                    	
                        
                        Mark
                        Koscinski

                    
	
                         

                    	
                         

                    	
                        

                    
	
                         

                    	
                        Title:
                              SVP & CFO

                    
	
                         

                    	
                         

                    	
                        

                    

            

            

            

            

            As of February 28, 2008

            Page 6 of 7

            	
                         

                    	
                         

                    	
                         

                    	
                         

                    
	
                         

                    	
                        GENERAL ELECTRIC
                        CAPITAL CORPORATION, as Agent and Lender

                        

                        

                    
	
                         

                    	
                        By:

                    	
                         /s/
                        Robert A.
                        Miller

                    
	
                         

                    	
                         

                    	
                        

                    
	
                         

                    	
                        Name:

                    	
                        
                        Robert A.
                        Miller

                    
	
                         

                    	
                         

                    	
                        

                    
	
                         

                    	
                        
                                           Title:
                        Duly Authorized Signatory

                    

            

            

            

            

            As of February 28, 2008

            Page 7 of 7

            
                                The
            following Persons are signatories to this Amendment in their capacity as Credit Parties
            and not as the Borrower.

            BUTLER INTERNATIONAL,
            INC.

            BUTLER SERVICES INTERNATIONAL, INC.

            BUTLER TELECOM, INC.

            BUTLER PUBLISHING, INC.

            BUTLER OF NEW JERSEY REALTY CORP.

            BUTLER SERVICES, INC.

            BUTLER UTILITY SERVICE, INC.

            	
                         

                    	
                         

                    	
                         

                    
	
                        By:

                    	
                        
                        /s/ Mark
                        Koscinski

                    	
                         

                    
	
                         

                    	
                        

                    	
                         

                    
	
                        Name:  Mark
                        Koscinski

                    	
                         

                    
	
                        
                        Title:    SVP
                        & CFO

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00138-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00138-of-00352.parquet"}]]