Document:

Exhibit 10.2

AMENDMENT TO CREDIT
AGREEMENT

This
AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of
June 29, 2005, is entered into by and among CASCADE CORPORATION, an Oregon
corporation, (the “Company”), the several financial institutions party as
of the date hereof to the Credit Amendment referred to below (collectively
called the “Lenders” and individually called a “Lender”), and BANK OF
AMERICA, N.A., as agent for itself and the Lenders (in such capacity, the “Agent”).

RECITALS

A.            The Company, the Lenders and the
Agent are parties to a Credit Agreement, dated as of February 28, 2003 (as
amended from time to time, the “Credit Agreement”).

B.            Pursuant to the Credit Agreement,
the Lenders have extended and are continuing to extend certain credit facilities
to the Company.

C.            The Company, the Agent and the
Lenders desire to extend the maturity date from December 18, 2005 to February
28, 2006, so as to extend the term of the Company’s credit facilities to a full
three-year period. In addition, the parties desire to increase the letter of
credit sublimit.

D.            The Lenders are willing to amend the
Credit Agreement, but only as provided, and subject to the terms and conditions
contained, in this Amendment.

THEREFORE,
for valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties hereto agree as follows:

1.             Defined
Terms. Unless otherwise defined herein, each capitalized term used herein
shall have the meaning assigned thereto in the Credit Agreement.

2.             Amendment
to Credit Agreement. Upon the effectiveness of, and subject to the terms
and conditions contained in, this Amendment:

(a)           Section
1.1 is hereby amended to delete the definition of “Maturity Date” and replace
such definition with the following:

“Maturity Date” means February 28, 2006.

(b)           Section
4.2(a) is hereby amended to increase the maximum amount of Letter of Credit
Usage from Five Million Dollars ($5,000,000) to Ten Million Dollars
($10,000,000).

(c)           Section
4.2(a) is hereby amended to add the following:

In the sole discretion of L/C Issuer, L/C Issuer may issue Letters of
Credit in currencies other than that of the United States of America.

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3.             Representations
and Warranties. The Company hereby represents and warrants to the Agent and
the Lenders as follows:

(a)           No
Default or Event of Default has occurred and is continuing.

(b)           The
execution, delivery and performance by the Company of this Amendment have been
duly authorized by all necessary corporate and other action and do not and will
not require any registration with, consent or approval of, or notice to or
action by any Person (including any Governmental Person) in order to be
effective and/or enforceable. Each of this Amendment and the Credit Agreement
as amended by this Amendment constitutes the legal, valid and binding
obligation of the Company, enforceable against it, without defense,
counterclaim or offset, in accordance with its terms (subject to the waivers
set forth in this Amendment), except as limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws of general applicability affecting
the enforceability of creditors’ rights.

(c)           All
representations and warranties of the Company contained in the Credit Agreement
and the statements set forth in the recitals of this Amendment are true and
correct on and as of the date hereof (or, if any such representation or
warranty is expressly stated to have been made as of a specific date, as of
such specific date), in each case, other than those that would not be true and
correct but for the effectiveness of this Amendment.

(d)           The
Company is entering into this Amendment on the basis of its own business
judgment, without reliance upon the Agent, any Lender or any other Person.

4.             Effective
Date. This Amendment will become effective as of the date first set forth
above (the “Effective Date”), provided that each of the following
conditions precedent is satisfied on or before the Effective Date:

(a)           the
Agent has received, in sufficient number for each Lender, duly executed
originals (or, if elected by the Agent, an executed facsimile copy, to be
followed promptly by delivery of executed originals) of this Amendment,
executed by the Company and each of the Lenders and acknowledged by the Agent,
together with the Guarantor Acknowledgment and Consent attached hereto,
executed by each Guarantor.

(b)           all
of the representations and warranties contained herein or incorporated herein
by reference) are true and correct as of the Effective Date.

(c)           the
Agent shall have received payment for all of the fees, costs and expenses of
the Agent (including reasonable attorneys’ fees) in connection with the
transactions contemplated hereby).

5.             No
Further Amendments. Other than the specific amendments of the Credit
Agreement as set forth in Section 2 hereof: (i) nothing contained herein shall
be deemed a waiver of any provision, or any other existing or future
noncompliance with any provision, of the Credit Agreement (including the Credit
Agreement as amended hereby); and (ii) all of the terms, covenants and
provisions of the Credit Agreement are and shall remain in full force and
effect.

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6.             Miscellaneous.

(a)           All
references in the Credit Agreement and in the other Loan Documents to the
Credit Agreement shall henceforth refer to the Credit Agreement as amended by
this Amendment. This Amendment shall be deemed incorporated into, and a part
of, the Credit Agreement. This Amendment is a Loan Document.

(b)           This
Amendment is made pursuant to Section 10.1 of the Credit Agreement and shall be
binding upon and inure to the benefit of the parties hereto and thereto and
their respective successors and assigns. No third party beneficiaries are
intended in connection with this Amendment.

(c)           This
Amendment shall be governed by and construed in accordance with the law of the
State of Oregon.

(d)           This
Amendment may be executed in any number of counterparts, each of which shall be
deemed an original, but all such counterparts together shall constitute but one
and the same instrument. Each of the parties hereto understands and agrees that
this document (and any other document required herein) may be delivered by any
party thereto either in the form of an executed original or an executed
original sent by facsimile transmission to be followed promptly by delivery of
a hard copy original, and that receipt by the Agent of a facsimile transmitted
document purportedly bearing the signature of a Lender or the Company (or
Guarantor) shall bind such Lender or the Company (or Guarantor), respectively,
with the same force and effect as the delivery of a hard copy original. Any
failure by the Agent to receive the hard copy executed original of such
document shall not diminish the binding effect of receipt of the facsimile
transmitted executed original of such document of the party whose hard copy
page was not received by the Agent.

(e)           If
any term or provision of this Amendment shall be deemed prohibited by or
invalid under any applicable law, such provision shall be invalidated without
affecting the remaining provisions of this Amendment or the Credit Agreement,
respectively.

(f)            Each
of the provisions set forth in Section 10 of the Credit Agreement is
incorporated herein by this reference and made applicable to this Amendment.

(g)           The
Company covenants to pay to or reimburse the Agent, upon demand, for all
reasonable costs and expenses (including reasonable attorneys’ fees) incurred
in connection with the development, preparation, negotiation, execution and
delivery of this Amendment.

(h)           UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE BY THE
LENDERS AFTER OCTOBER 3, 1989, CONCERNING LOANS AND OTHER CREDIT EXTENSIONS
WHICH ARE NOT FOR PERSONAL, FAMILY OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY
THE BORROWER’S RESIDENCE MUST BE IN WRITING, EXPRESS CONSIDERATION, AND BE
SIGNED BY THE LENDERS TO BE ENFORCEABLE.

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

	
  CASCADE CORPORATION, as the
  Company

  	
   

  	
  BANK OF AMERICA, N.A., as Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  
	
  Name:

  	
   

  	
   

  	
  Name:

  	
   

  
	
  Title:

  	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  BANK OF AMERICA,
  N.A., as a Lender

  	
   

  	
  UNION BANK OF CALIFORNIA, N.A., as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  
	
  Name:

  	
   

  	
   

  	
  Name:

  	
   

  
	
  Title:

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  
													

 

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GUARANTOR
ACKNOWLEDGMENT AND CONSENT

The
undersigned Guarantor hereby: (i) acknowledges and consents to the terms, and
the execution, delivery and performance, of the foregoing Amendment (the “Amendment”)
(without implying the need for any such acknowledgment or consent); and (ii)
represents and warrants to the Agent and the Lenders that, both before and
after giving effect to the Amendment: (A) its Guaranty remains in full force
and effect as an enforceable obligation of such Guarantor (except as
enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium or similar laws of general applicability affecting the
enforceability of creditors’ rights), without defense, counterclaim or offset;
and (B) it is in compliance with all of its covenants contained in its Guaranty
and in each other Loan Document applicable to it. The undersigned further
represents and warrants to the Agent and the Lenders that the execution and
delivery by such Guarantor of, and the performance by such Guarantor of its
obligations under, this Guarantor Acknowledgment and Consent, have been duly
authorized by all necessary corporate and other action and do not and will not
require any registration with, consent or approval of, or notice to or action
by any Person (including, without limitation, any Governmental Person) in order
to be effective and/or enforceable. The undersigned remakes as of the Effective
Date (as defined in the Amendment) all of the representations and warranties
made by it under its Guaranty. Capitalized terms used herein and not otherwise
defined have the respective meanings assigned to them in the Credit Agreement
(as defined in the Amendment).

IN
WITNESS WHEREOF, the undersigned Guarantor has executed this Guarantor
Acknowledgment and Consent by its duly authorized officer as of June 29, 2005.

	
   

  	
  SANDY BLVD. DEVELOPMENT
  ASSOCIATES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  

 

 5Exhibit 10.3

SECOND AMENDMENT TO
CREDIT AGREEMENT

This
SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of
February 24, 2006, is entered into by and among CASCADE CORPORATION, an
Oregon corporation, (the “Borrower”), the several financial institutions
party as of the date hereof to the Credit Amendment referred to below
(collectively called the “Lenders” and individually called a “Lender”),
and BANK OF AMERICA, N.A., as agent for itself and the Lenders (in such
capacity, the “Agent”).

RECITALS

A.            The Borrower, the Lenders and the
Agent are parties to a Credit Agreement, dated as of February 28, 2003 (as
amended from time to time, the “Credit Agreement”).

B.            Pursuant to the Credit Agreement,
the Lenders have extended and are continuing to extend certain credit
facilities to the Borrower.

C.            The Borrower, the Agent and the
Lenders desire to extend the maturity date from February 28, 2006 to
September 1, 2010, and make other changes to the terms and conditions of
the credit facilities.

D.            The Lenders are willing to amend the
Credit Agreement, but only as provided, and subject to the terms and conditions
contained, in this Amendment.

THEREFORE,
for valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties hereto agree as follows:

1.             Defined
Terms. Unless otherwise defined herein, each capitalized term used herein
shall have the meaning assigned thereto in the Credit Agreement.

2.             Amendment
to Credit Agreement. Upon the effectiveness of, and subject to the terms and
conditions contained in, this Amendment:

(a)           Section
1.1 is hereby amended to delete the definition of “Consolidated Adjusted EBITDA”
and replace such definition with the following:

“‘Consolidated Adjusted EBITDA’ means, for any period, for the
Borrower and its Subsidiaries on a consolidated basis, an amount equal to
Consolidated Net Income for such period plus  the following to the extent deducted in
calculating such Consolidated Net Income for such period: (a) Consolidated
Interest Charges (b) the provision for federal, state, local and foreign income
taxes payable by the Borrower and its Subsidiaries and (c) the amount of
depreciation and amortization and other non-cash expense, including goodwill
impairment, derivative mark-to-market transactions, swap-related expenses,
expenses related to stock-based compensation, including but not limited to
stock options and 

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stock appreciation rights, and other similar non-cash items.  In addition, ‘Consolidated Adjusted EBITDA’
shall include the non-consolidated results for any Permitted Acquisition made
during the subject period, as adjusted for items (a), (b) and (c) above.”

(b)           Section
1.1 is hereby amended to delete the definition of “Consolidated Interest
Coverage Ratio” and replace such definition with the following:

“‘Consolidated Fixed Charge Coverage Ratio’ means, as of any
date of determination, the ratio of (a) Consolidated Adjusted EBITDA, less
taxes paid in cash by the Borrower and its Subsidiaries, less Thirteen Million
Dollars ($13,000,000) (representing maintenance capital expenditures), less
dividends paid in cash, all for the period comprising the four prior fiscal
quarters ending on such date, to (b) Consolidated Interest Charges paid in
cash, plus consolidated principal payments required of Borrower and its
Subsidiaries during the subject period.”

(c)           Section
1.1 is hereby amended to delete the definition of “Maturity Date” and replace
such definition with the following:

“‘Maturity Date’ means September 1, 2010.”

(d)           Section
2.1(b) is hereby deleted and replaced with the following:

“At its option at any time prior to March 1, 2010, the Borrower
may seek to increase the Aggregate Commitments by up to an aggregate amount of
Fifty Million Dollars ($50,000,000) (resulting in maximum Aggregate Commitments
of Seventy-five Million Dollars ($75,000,000)) upon written notice to the
Agent, which notice shall specify the amount of any such increase and shall be
delivered at a time when no Default or Event of Default has occurred and is
continuing.  The Borrower may make such a
request on multiple occasions and in any amount, provided such amount is within
the limitations provided above.  The
Agent, subject to the consent of Borrower, which shall not be unreasonably
withheld, may allocate the increase (which may be declined by any Lender in its
sole discretion) in the Aggregate Commitments on either a ratable basis to the
Lenders or on a non pro-rata basis to one or more Lenders and/or to other banks
or entities reasonably acceptable to the Agent and the Borrower.  No increase in the Aggregate Commitments
shall become effective until the existing or new Lenders extending such
incremental Commitment Amount and the Borrower shall have delivered to the
Agent a document in form reasonably satisfactory to the Agent pursuant to which
any such existing Lender states the amount of its Commitment increase, any such
new Lender states its 

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Commitment Amount and agrees to assume and accept the obligations and
rights of Lender hereunder and the Borrower accepts such incremental
Commitments.  The Lenders (new or
existing) shall accept an assignment from the existing Lenders, and the
existing Lenders shall make an assignment to the new or existing Lender
accepting a new or increased Commitment, of an interest (or participation interest,
as applicable) in all Loans and other credit exposure in respect of the
Aggregate Commitments such that, after giving effect thereto, all Loans and all
such other credit exposure are held ratably by the Lenders in proportion to
their respective Commitments, as may be revised to accommodate the increase in
the Aggregate Commitments.  Assignments
pursuant to the preceding sentence shall be made in exchange for the principal
amount assigned plus accrued and unpaid interest and commitment and other fees.
The Borrower shall make any payments under Section 2.8(e) resulting from such
assignments, and shall pay the Lenders certain fees, including an arrangement
fee, to be determined by the Lenders at such time as the increase in Aggregate
Commitments is implemented.”

(e)           Section
2.13(b) is hereby deleted and replaced with the following with regard to this
Amendment:

“Borrower shall pay to Bank of America, as Agent for the Lenders, an
upfront fee in the amount of Fifty Thousand Dollars ($50,000), or twenty (20)
basis points as applied to the Aggregate Commitments, which shall be shared on
a pro-rata basis by the Lenders in accordance with their respective Percentage
Interests. This fee shall be due and payable at closing of this Amendment, and
shall be fully earned and non-refundable when paid.  Any exercise of the increase option as
provided in Section 2.1(b) shall require payment of any additional agency fee
required under the Fee Letter, as well as an additional upfront fee and
arrangement fee to be mutually agreed upon at the time of the request by the
Agent and Borrower.”

(f)            Sections
6.13(a), (b) and (c) (Financial Covenants) are hereby deleted and replaced with
the following:

“(a)         Consolidated
Net Worth.  Permit
Consolidated Net Worth at any time to be less than the sum of (a) an
amount equal to 75% of Borrower’s Consolidated Net Worth as of January 31,
2006, plus, (b) an amount equal to 50% of the Consolidated Net Income
earned in each full fiscal quarter ending after January 31, 2006 (with no
deduction for a net loss in any such fiscal quarter), plus, (c) an amount
equal to 100% of the aggregate increases in Shareholders’ Equity of the
Borrower and its Subsidiaries after the 

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date hereof by reason of the issuance and sale of capital stock or
other equity interests of the Borrower 
or any Subsidiary (other than issuances to the Borrower or a
wholly-owned Subsidiary), including upon any conversion of debt securities of
the Borrower into such capital stock or other equity interests.

(b)           Consolidated
Fixed Charge Coverage Ratio.  Permit
the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal
quarter of the Borrower to be less than 1.50:1.00.

(c)           Consolidated
Leverage Ratio.  Permit
the Consolidated Leverage Ratio at any time to be greater than 2.00:1.00.”

(g)           Section
7.3 (Indebtedness) is hereby deleted and replaced with the following:

“The Borrower shall not, and shall cause each Subsidiary to not,
create, incur or become liable for any Indebtedness except: (a) the Loans;
(b) existing Indebtedness reflected on the balance sheets referred to in
Section 5.7; (c) current accounts payable or accrued expenses incurred by
the Borrower in the ordinary course of business; (d) Indebtedness
permitted under Section 7.4; (e) intercompany Indebtedness owing by the
Borrower or any Subsidiary to the Borrower or any other Subsidiary permitted
under Section 7.6; (f) Indebtedness secured by newly purchased tangible
property (whether real or personal) in an aggregate amount no greater than Five
Million Dollars ($5,000,000) outstanding at any time; and
(g) additional unsecured Indebtedness, provided that the total aggregate
amount of such unsecured Indebtedness including any additional amount does not
exceed Fifty Million Dollars ($50,000,000) at any time, and provided that
Borrower remains in compliance with all covenants set forth herein.”

(h)           Section
7.6 (Investments) is hereby deleted and replaced with the following:

“The Borrower shall not, and shall cause each Subsidiary to not, make
any loan or advance to any Person or purchase or otherwise acquire the capital
stock or obligations of, or any equity or other interest in, any Person, or all
or substantially all of the assets of any Business Unit or any Person
(collectively, “Investments”) or enter into any agreement to do any of
the foregoing, except: (a) Investments held in the form of Cash
Equivalents; (b) Investments made in the form of short-term loans made by
the Borrower in the ordinary course of its business; (c) Investments
existing as of the date of this Agreement, reflected in the balance 

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sheet referred to in Section 5.7 and in amounts not greater than the
amounts referred to therein; (d) Investments made by any Subsidiary to the
Borrower; (e) Investments made by the Borrower to or in any wholly-owned Subsidiary;
(f) Investments made by any Subsidiary to the Borrower or to any
wholly-owned Subsidiary; (g) Investments made as part of a Permitted
Acquisition; and (h) other Investments directly related to the business of
the Borrower not to exceed Fifteen Million Dollars ($15,000,000) in any fiscal
year, or Twenty-five Million Dollars ($25,000,000) in the aggregate at any
time.”

3.             Representations
and Warranties. The Borrower hereby represents and warrants to the Agent
and the Lenders as follows:

(a)           No
Default or Event of Default has occurred and is continuing.

(b)           The
execution, delivery and performance by the Borrower of this Amendment have been
duly authorized by all necessary corporate and other action and do not and will
not require any registration with, consent or approval of, or notice to or
action by any Person (including any Governmental Person) in order to be
effective and/or enforceable. Each of this Amendment and the Credit Agreement
as amended by this Amendment constitutes the legal, valid and binding
obligation of the Borrower, enforceable against it, without defense,
counterclaim or offset, in accordance with its terms (subject to the waivers
set forth in this Amendment), except as limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws of general applicability affecting
the enforceability of creditors’ rights.

(c)           All
representations and warranties of the Borrower contained in the Credit
Agreement and the statements set forth in the recitals of this Amendment are
true and correct on and as of the date hereof (or, if any such representation
or warranty is expressly stated to have been made as of a specific date, as of
such specific date), in each case, other than (i) those that would not be true
and correct but for the effectiveness of this Amendment, and (ii) with respect
to Section 5.16 of the Credit Agreement, as otherwise disclosed to the Agent.

(d)           The
Borrower is entering into this Amendment on the basis of its own business
judgment, without reliance upon the Agent, any Lender or any other Person.

4.             Effective
Date. This Amendment will become effective as of the date first set forth
above (the “Effective Date”), provided that each of the following
conditions precedent is satisfied on or before the Effective Date:

(a)           the
Agent has received, in sufficient number for each Lender, duly executed
originals (or, if elected by the Agent, an executed facsimile copy, to be
followed promptly by delivery of executed originals) of this Amendment,
executed by the Borrower and each of the Lenders and acknowledged by the Agent,
together with the Guarantor Acknowledgment and Consent attached hereto,
executed by each Guarantor.

(b)           all
of the representations and warranties contained herein (or incorporated herein
by reference) are true and correct as of the Effective Date.

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(c)           the
Agent shall have received payment for all of the fees, costs and expenses of
the Agent (including reasonable attorneys’ fees) in connection with the
transactions contemplated hereby.

5.             No
Further Amendments. Other than the specific amendments of the Credit
Agreement as set forth in Section 2 hereof: (i) nothing contained herein shall
be deemed a waiver of any provision, or any other existing or future
noncompliance with any provision, of the Credit Agreement (including the Credit
Agreement as amended hereby); and (ii) all of the terms, covenants and
provisions of the Credit Agreement are and shall remain in full force and
effect.

6.             Miscellaneous.

(a)           All
references in the Credit Agreement and in the other Loan Documents to the
Credit Agreement shall henceforth refer to the Credit Agreement as amended by
this Amendment. This Amendment shall be deemed incorporated into, and a part
of, the Credit Agreement. This Amendment is a Loan Document.

(b)           This
Amendment is made pursuant to Section 10.1 of the Credit Agreement and shall be
binding upon and inure to the benefit of the parties hereto and thereto and
their respective successors and assigns. No third party beneficiaries are
intended in connection with this Amendment.

(c)           This
Amendment shall be governed by and construed in accordance with the law of the
State of Oregon.

(d)           This
Amendment may be executed in any number of counterparts, each of which shall be
deemed an original, but all such counterparts together shall constitute but one
and the same instrument. Each of the parties hereto understands and agrees that
this document (and any other document required herein) may be delivered by any
party thereto either in the form of an executed original or an executed original
sent by facsimile transmission to be followed promptly by delivery of a hard
copy original, and that receipt by the Agent of a facsimile transmitted
document purportedly bearing the signature of a Lender or the Borrower (or
Guarantor) shall bind such Lender or the Borrower (or Guarantor), respectively,
with the same force and effect as the delivery of a hard copy original. Any
failure by the Agent to receive the hard copy executed original of such
document shall not diminish the binding effect of receipt of the facsimile
transmitted executed original of such document of the party whose hard copy
page was not received by the Agent.

(e)           If
any term or provision of this Amendment shall be deemed prohibited by or
invalid under any applicable law, such provision shall be invalidated without
affecting the remaining provisions of this Amendment or the Credit Agreement,
respectively.

(f)            Each
of the provisions set forth in Section 10 of the Credit Agreement is
incorporated herein by this reference and made applicable to this Amendment.

(g)           The
Borrower covenants to pay to or reimburse the Agent, upon demand, for all
reasonable costs and expenses (including reasonable attorneys’ fees) incurred
in 

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connection
with the development, preparation, negotiation, execution and delivery of this
Amendment.

(h)           UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE BY THE
LENDERS CONCERNING LOANS AND OTHER CREDIT EXTENSIONS WHICH ARE NOT FOR
PERSONAL, FAMILY OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE BORROWER’S RESIDENCE
MUST BE IN WRITING, EXPRESS CONSIDERATION, AND BE SIGNED BY THE LENDERS TO BE
ENFORCEABLE.

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

	
  CASCADE CORPORATION, as the
  Borrower

  	
   

  	
  BANK OF AMERICA, N.A., as Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  
	
  Name:

  	
   

  	
   

  	
  Name:

  	
   

  
	
  Title:

  	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  BANK OF AMERICA,
  N.A., as a Lender

  	
   

  	
  UNION BANK OF CALIFORNIA, N.A., as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  
	
  Name:

  	
   

  	
   

  	
  Name:

  	
   

  
	
  Title:

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  
													

 

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GUARANTOR
ACKNOWLEDGMENT AND CONSENT

The
undersigned Guarantor hereby: (i) acknowledges and consents to the terms, and
the execution, delivery and performance, of the foregoing Amendment (the “Amendment”)
(without implying the need for any such acknowledgment or consent); and (ii)
represents and warrants to the Agent and the Lenders that, both before and
after giving effect to the Amendment: (A) its Guaranty remains in full force
and effect as an enforceable obligation of such Guarantor (except as
enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium or similar laws of general applicability affecting the
enforceability of creditors’ rights), without defense, counterclaim or offset;
and (B) it is in compliance with all of its covenants contained in its Guaranty
and in each other Loan Document applicable to it. The undersigned further
represents and warrants to the Agent and the Lenders that the execution and
delivery by such Guarantor of, and the performance by such Guarantor of its
obligations under, this Guarantor Acknowledgment and Consent, have been duly
authorized by all necessary corporate and other action and do not and will not
require any registration with, consent or approval of, or notice to or action by
any Person (including, without limitation, any Governmental Person) in order to
be effective and/or enforceable. The undersigned remakes as of the Effective
Date (as defined in the Amendment) all of the representations and warranties
made by it under its Guaranty. Capitalized terms used herein and not otherwise
defined have the respective meanings assigned to them in the Credit Agreement
(as defined in the Amendment).

IN
WITNESS WHEREOF, the undersigned Guarantor has executed this Guarantor
Acknowledgment and Consent by its duly authorized officer as of
February 24, 2006.

	
   

  	
  SANDY BLVD. DEVELOPMENT
  ASSOCIATES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  

 

 8
 

GUARANTOR
ACKNOWLEDGMENT AND CONSENT

The
undersigned Guarantor hereby: (i) acknowledges and consents to the terms, and
the execution, delivery and performance, of the foregoing Amendment (the “Amendment”)
(without implying the need for any such acknowledgment or consent); and (ii)
represents and warrants to the Agent and the Lenders that, both before and
after giving effect to the Amendment: (A) its Guaranty remains in full force
and effect as an enforceable obligation of such Guarantor (except as
enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium or similar laws of general applicability affecting the
enforceability of creditors’ rights), without defense, counterclaim or offset;
and (B) it is in compliance with all of its covenants contained in its Guaranty
and in each other Loan Document applicable to it. The undersigned further
represents and warrants to the Agent and the Lenders that the execution and
delivery by such Guarantor of, and the performance by such Guarantor of its
obligations under, this Guarantor Acknowledgment and Consent, have been duly
authorized by all necessary corporate and other action and do not and will not
require any registration with, consent or approval of, or notice to or action
by any Person (including, without limitation, any Governmental Person) in order
to be effective and/or enforceable. The undersigned remakes as of the Effective
Date (as defined in the Amendment) all of the representations and warranties
made by it under its Guaranty. Capitalized terms used herein and not otherwise
defined have the respective meanings assigned to them in the Credit Agreement
(as defined in the Amendment).

IN
WITNESS WHEREOF, the undersigned Guarantor has executed this Guarantor
Acknowledgment and Consent by its duly authorized officer as of
February 24, 2006.

	
  

  	
  CASCADE KENHAR,
  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  

 

 9

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