Document:

Execution Copy

                         FORBEARANCE EXTENSION AGREEMENT

              This Forbearance Extension Agreement (this "AGREEMENT") made as of
this 30th day of April, 2002 by and among (i) Perryville III Trust, a trust
created under the laws of the state of New York pursuant to a trust agreement
dated as of December 16, 1994 (the "LANDLORD"), (ii) BNY Midwest Trust Company,
as successor trustee to Harris Trust and Savings Bank, not in its individual
capacity but solely in its capacity as Owner Trustee of Perryville III Trust
(the "OWNER TRUSTEE"), (iii) Foster Wheeler Realty Services, Inc., a Delaware
corporation ("FWRS"), (iv) Foster Wheeler LLC, a Delaware limited liability
company (together with FWRS, the "TENANTS" and each a "TENANT"), (v) Lombard US
Equipment Finance Corporation, a New York corporation (the "OWNER PARTICIPANT"),
(vi) National Westminster Bank Plc (the "AGENT") and (vii) the banks listed on
Schedule I to that certain Construction Loan Agreement dated as of December 16,
1994, among the Landlord, as Borrower, the lenders party thereto and their
permitted successors and assigns (the "LENDERS") and the Agent.

              WHEREAS, the parties hereto have entered into that certain
Forbearance Agreement dated as of February 28, 2002 (the "FORBEARANCE
AGREEMENT") in connection with the Specified Events of Default (as defined in
the Forbearance Agreement);

              WHEREAS, the parties hereto have entered into that certain
Forbearance Extension Agreement dated as of April 12, 2002 in connection with
the Specified Events of Default;

              WHEREAS, Foster Wheeler LLC has entered into that certain
Amendment No. 2 dated as of the date hereof to Amendment No. 1 and Waiver (the
"AMENDMENT TO AMENDMENT NO. 1 AND WAIVER") relating to the Second Amended and
Restated Revolving Credit Agreement dated as of May 25, 2001 (as amended,
modified and supplemented from time to time, the "CREDIT AGREEMENT") among
Foster Wheeler LLC, Foster Wheeler USA Corporation, Foster Wheeler Power Group,
Inc. (formerly known as Foster Energy International), Foster Wheeler Energy
Corporation, the guarantors signatory thereto, the lenders signatory thereto,
Bank of America, N.A., as administrative agent, First Union National Bank, as
syndication agent, and ABN AMRO Bank N.V., as documentation agent, arranged by
Banc of America Securities LLC, as lead arranger and book manager, and ABN AMRO
Bank N.V., First Union Capital Markets, Greenwich Natwest Structured Finance
Inc. and Toronto Dominion Bank, as arrangers; and

         WHEREAS, the parties hereto desire to (i) extend the term of
forbearance by the Agent, the Landlord, the Required Lenders and the Owner
Participant under the Forbearance Agreement and (ii) make certain other
amendments to the Forbearance Agreement.

              NOW, THEREFORE, based on these premises, and in consideration of
the mutual promises, representations and warranties, covenants and conditions
contained

<PAGE>

herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Tenants, the Landlord, the
Agent, the Owner Participant and the Required Lenders signatory hereto hereby
agree as follows:

              SECTION 1. DEFINITIONS. The capitalized terms set forth herein,
and not otherwise defined herein shall have the meanings given to such terms in
that certain Master Lease dated as of December 16, 1994 (as the same has been
and may hereafter be amended, modified or supplemented from time to time, the
"MASTER LEASE").

              SECTION 2. AMENDMENTS. Effective as of the date hereof, the
Forbearance Agreement is hereby amended as follows:

                    (a) Section 4 of the Forbearance Agreement is hereby amended
by deleting the date "April 30, 2002" in clause (a) thereof and replacing such
date with "May 30, 2002".

                    (b) Section 4 of the Forbearance Agreement is hereby amended
by adding the following immediately prior to the word "relating" in the eighth
line thereof:

              "and as further amended by the Amendment No. 2 dated as of April
30, 2002 to Amendment No. 1 and Waiver,"

              SECTION 3. AGREEMENTS. (a) Rent. Pursuant to Paragraph 4(c) of the
Master Lease, on May 30, 2002 the Tenants shall make a monthly rental payment to
the Landlord in an amount equal to $324,235.52 which constitutes 150% of the
January 2002 rental payment.

                    (b) Penalty Fee. In the event that the Tenants, or a
designee of the Tenants, have not purchased the Property for the Purchase Price
on or prior to May 30, 2002, the Tenants shall pay to the Agent on May 30, 2002,
a fee of 50 basis points on the aggregate outstanding Loans (as defined in the
Construction Loan Agreement) and Equity Investment Amount (as defined in the
Participation Agreement) to be distributed on a pro rata basis to each of the
Lenders signatory hereto and the Owner Participant.

              SECTION 4. CONDITIONS PRECEDENT. The effectiveness of this
Agreement shall be subject to the satisfaction of the following conditions
precedent:

                    (a) Receipt by the Agent of this Agreement executed by the
Tenants, the Landlord, the Owner Trustee, the Agent, the Owner Participant and
the Required Lenders.

                    (b) Receipt by the Agent of payment by the Tenants of all
accrued fees and expenses of Agent, its counsel and consultants.

                    (c) Receipt by the Agent of a copy of the Amendment to
Amendment No. 1 and Waiver executed by the requisite lenders thereunder.

                                      -2-
<PAGE>

              SECTION 5. REPRESENTATIONS AND WARRANTIES. In order to induce the
Agent, the Landlord, the Required Lenders and the Owner Participant to enter
into this Agreement, the Tenants jointly and severally represent and warrant to
the Agent, the Landlord, the Required Lenders and the Owner Participant that:

                    (a) Subject in the case of Paragraph 32(h) to matters
disclosed in writing to the Lenders and Owner Participant prior to the effective
date of this Agreement, the representations and warranties of the Tenants set
forth in Paragraph 32 of the Master Lease are true and correct in all material
respects.

                    (b) The Agent, the Lenders and the Owner Participant have a
valid, enforceable and fully perfected first priority security interest in the
Property subject to no Liens other than Permitted Encumbrances.

                   (c) Except as otherwise provided herein, no Event of Default
exists as of the date hereof, no Event of Default would result from the
execution, delivery or consummation of the transactions contemplated by this
Agreement and no default exists under any of the Tenants' financing documents or
material contracts or agreements.

              SECTION 6. FULL FORCE AND EFFECT. Except as expressly amended
hereby, all of the provisions of the Forbearance Agreement shall continue to be,
and shall remain, in full force and effect in accordance with their terms.
Nothing contained herein shall constitute a waiver by the Agent, the Landlord,
the Lenders or the Owner Participant of any of their rights and remedies under
the Operative Documents or under the Forbearance Agreement, all of which rights
and remedies are expressly reserved and not waived.

              SECTION 7. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ALL
RESPECTS IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK,
WITHOUT GIVING EFFECT TO ANY CONFLICTS OF LAWS PROVISIONS THEREOF (OTHER THAN
SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK).

              SECTION 8. COUNTERPARTS. This Agreement may be executed by one or
more of the parties on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument.

      [Remainder of Page Intentionally Left Blank; Signature Pages Follow]

                                      -3-
<PAGE>

              IN WITNESS WHEREOF, the parties hereto have caused this Agreement
to be executed under seal by their respective duly authorized officers as of the
date first written above.

                                       PERRYVILLE III TRUST

                                       By: BNY Midwest Trust Company, as
                                       successor trustee to Harris Trust and
                                       Savings Bank, not in its individual
                                       capacity but solely in its capacity as
                                       Owner Trustee of Perryville III Trust

                                       By: /S/ CYNTHIA DAVIS
                                          --------------------------------------
                                            Name:   Cynthia Davis
                                            Title:  Assistant Vice President

                                       BNY MIDWEST TRUST COMPANY, as successor
                                       trustee to Harris Trust and Savings
                                       Bank, not in its individual capacity but
                                       solely in its capacity as Owner Trustee
                                       of Perryville III Trust

                                       By: /S/ CYNTHIA DAVIS
                                          --------------------------------------
                                            Name:   Cynthia Davis
                                            Title:  Assistant Vice President

                                       FOSTER WHEELER REALTY SERVICES, INC.,
                                       a Delaware corporation

                                       By: /S/ STEVEN WEINSTEIN
                                          --------------------------------
                                            Name:   Steven I. Weinstein
                                            Title:  Vice President

                                       FOSTER WHEELER LLC,
                                       a Delaware limited liability company

                                       By: /S/ STEVEN WEINSTEIN
                                          --------------------------------
                                            Name:   Steven I. Weinstein
                                            Title:  Vice President

                                      -4-
<PAGE>

AGENT, LENDERS, AND OWNER PARTICIPANT:

NATIONAL WESTMINSTER BANK Plc, as Agent

By: CHARLES GREER
    ------------------------------------------------
Name:    Charles Greer
Title:   Senior Vice President

NATIONAL WESTMINSTER BANK Plc, as Lender

By: CHARLES GREER
    ------------------------------------------------
Name:    Charles Greer
Title:   Senior Vice President

BANK OF MONTREAL, as Lender

By:
   -------------------------------------------------
     Name:
     Title:

THE BANK OF NOVA SCOTIA, as Lender

By: VINCENT J. FITZGERALD, JR.
    ------------------------------------------------
Name:    Vincent J. Fitzgerald, Jr.
Title:   Authorized Signatory

WACHOVIA BANK, NATIONAL ASSOCIATION, as Lender

SUCCESSOR IN INTEREST TO FIRST FIDELITY BANK,
NATIONAL ASSOCIATION

By: CHRISTOPHER TIERNEY
    ------------------------------------------------
Name:    Christopher Tierney
Title:   Senior Vice President

LOMBARD US EQUIPMENT FINANCE CORPORATION

By: RICHARD P. DAIZERFIELD
    ------------------------------------------------
Name:    Richard P. Daizerfield
Title:   Secretary

                                      -5-
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Exhibit 10.36  

 [PFS LOGO]  

  
 

    SERVICING AGREEMENT    
  

	 	 	 	 	 
	DATED:	 	March 20, 2002	 	 
	

BETWEEN:	
 	

Portfolio Financial Servicing Company, Inc.

a Delaware Corporation

2121 S.W. Broadway, Suite 200

Portland, OR 97201	
 	

("PFSC")
	

AND:	
 	

EPI Leasing Company, a California Corporate

Subsidiary of Feather River State Bank

1227 Bridge Street, Suite C

Yuba City, CA 95991	
 	

("EPI")

("FRSB")

        EPI
was engaged in the business of providing business leases. EPI desires to engage PFSC to provide certain services in connection with the EPI portfolio of lease transactions (the
"Portfolio"). 

        NOW,
THEREFORE, the parties hereto agree as follows: 

        1.    Portfolio Servicing.    For the term of this Agreement, PFSC shall provide the services described in Schedule 1
hereto (the "Services") with respect to the EPI portfolio. PFSC hereby agrees to faithfully and diligently perform the Services in accordance with customary industry standards for servicing leases of
the type, which comprise the portfolio. 

        2.    Compensation.    

        2.1    Servicing Fees.    From and after the Effective Date of this Agreement for the Services provided hereunder, EPI
shall pay to PFSC, within 15 days of invoicing, the following: 

	(a)
	See
Fee Schedule attached hereto and made a part hereof. 

        2.2    Reimbursement of Expenses.    EPI may request PFSC to advance the following fees and costs associated with the
portfolio, and EPI will reimburse PFSC for the following fees and costs upon proper receipt by EPI of evidence that such amounts have been paid: 

	(a)
	See
Fee Schedule attached hereto and made a part hereof. 

        3.    Effective Date.    PFSC shall promptly commence providing the Services on May 1, 2002 (the "Effective
Date"). 

        4.    Conversion.    EPI is presently using the services of Bancorp Financial Services, Inc. (Bancorp) to service the
portfolio. It is anticipated that a conversion will be necessary to PFSC's system. PFSC will support FRSB by providing conversion services. The conversion of the Portfolio shall entail the transfer of
lease information from Bancorp's systems to the PFSC System, reconciliation and verification of such information to FRSB source systems, and completion of parallel testing for up to a thirty-day
period. PFSC will meet with FRSB to identify and document FRSB operating, accounting, and service requirements for administering the Portfolio. PFSC will install access to its systems in FRSB office
through a leased data line, dial-up modem, or Internet connection. PFSC will provide training for FRSB' personnel on the use of PFSC's systems. After completion of the conversion PFSC will perform all
of the services described in the attached Schedule 1. A one-time fee of $4,800 will be paid in advance for the manual or electronic conversion of data. An ongoing fee of IT support will be set at an
hourly rate of $150.00 for specialized training, reporting and support. 

1

 

        5.    Power of Attorney.    If required by PFSC in order to perform the Services, FRSB shall execute and deliver to
PFSC a revocable and limited Power of Attorney, under which PFSC may execute, on EPI behalf, vehicle title or registration documents, and other documents relating to the Services and Other Services to
be provided hereunder. 

        6.    Term of Agreement.    

        6.1    Initial Term and Renewals.    This Agreement shall commence on the effective date of this agreement and shall
continue until May 31, 2005, for a period of three years after the Effective Date (the "Initial Term"). This Agreement will continue to automatically renew annually unless written notification
is received six months prior to the current effective termination date. 

        6.2    Early Termination.    

        6.2.1    Early Termination by EPI for Cause.    EPI may terminate this Agreement for cause by giving at least ten (10)
days' written notice to PFSC, for a termination based upon the occurrence of any of the following: 

        (a)  PFSC's
failure to substantially provide the Services described in Schedule 1, which failure of performance is not cured within ten (10) days of written notice
from EPI; 

        (b)  Any
gross or willful misconduct of PFSC resulting in a material loss or damage to EPI; or 

        (c)  A
conviction of PFSC or any of its officers of a felony or of any crime involving moral turpitude or fraud; or 

        (d)  PFSC
shall become insolvent, shall admit in writing its inability to pay its debt generally, or a voluntary or involuntary petition under the Federal bankruptcy laws
shall be filed by or against PFSC and, in the case of an involuntary filing, the petition is not dismissed prior to entry of an order for relief. 

        6.2.2    Early Termination by PFSC for Cause.    PFSC may terminate this Agreement for cause in the event EPI fails to
pay to PFSC any payment when due hereunder and such delinquency is not cured within ten (10) days after written notice to EPI. 

        7.    Termination.    Upon termination of this Agreement for any reason, including expiration of the Initial Term or
of any renewal term, PFSC shall release to EPI the files, books and records (including computer records) relating to the portfolio. Except in the case of termination by EPI for cause, EPI shall
reimburse PFSC for all out-of-pocket costs and expenses incurred by PFSC and pay PFSC's then current hourly rates for any programming, technical or administrative support services requested by EPI in
connection with EPI's request for the return of documents or files and transition assistance in connection with the transfer of servicing obligations. In the event of termination by EPI for cause PFSC
shall be liable to EPI for all transition expenses and costs incurred EPI. 

        8.    Representations and Warranties of PFSC.    PFSC represents and warrants the following: 

        (a)  Business Entity, Authority.    PFSC is a corporation duly organized, validly existing and in good standing
under the laws of the State of Delaware, and is authorized to conduct business in the State of Oregon and has obtained all necessary licenses and approvals, in all jurisdictions where the failure to
be so qualified and in good standing or obtain such licenses or approvals would have a material adverse effect on PFSC's business and operations or the servicing of the Portfolio as required by this
Agreement. 

        (b)  Authorization; Binding Agreement.    The execution, delivery and performance of this Agreement have been duly
authorized by all necessary action by PFSC. This Agreement has been duly and validly executed and delivered on behalf of PFSC and is binding upon and enforceable 

2

 

against PFSC in accordance with its terms, except as enforceability may be limited or affected by applicable bankruptcy, insolvency, reorganization or other laws of general application relating to or
affecting the rights of creditors, and except as enforceability may be limited by rules of law governing specific performance, injunctive relief or other applicable remedies. 

        (c)  No Adverse Consequences.    Neither the execution and delivery of this Agreement by PFSC nor the consummation
of the transactions contemplated hereby will (a) violate any applicable law, judgment, order, decree, regulation or ruling of any governmental authority or violate any provision of the corporation of
PFSC, or (b) either alone or with the giving of notice or the passage of time or both, conflict with, constitute grounds for termination of, or result in the breach of the terms, conditions, or
provisions of or constitute a default under any agreement, instrument, license or permit to which PFSC is a party or by which it is bound. 

        (d)  Compliance With Laws.    PFSC has operated its business in accordance with all applicable laws and regulations
and PFSC is not in violation of any such laws or regulations other than such violations which singly or in the aggregate do not, and, with the passage of time will not, have a material adverse affect
on its business or assets, or its ability to perform its obligations under this Agreement. 

        (e)  Lease Management System.    PFSC will, at its own cost and expense, (1) retain a lease management system, or an
alternative system of equal capability, used by the PFSC as a master record of the Leases and (2) mark the lease management system to the effect that the Leases listed therein and serviced herein are
owned by the Originator exclusively. 

        (f)    Preservation of Security Interest.    PFSC shall execute and file such continuation statements and any other
documents reasonably requested by EPI or which may be required by law (in any case, with respect to the Equipment, subject to the Filing Requirements) to fully preserve and protect the interest of the
Originator. PFSC shall be entitled to reimbursement from EPI of any reasonable and customary funds advanced on EPI's behalf in performing services under Schedule 1. 

        (g)  Obligations with Respect to Leases.    PFSC will use commercially reasonable efforts to duly fulfill, and
comply with, all obligations on the part of the "lessor" to be fulfilled under or in connection with each Lease and each Lease Contract, and PFSC will do nothing to impair the rights of EPI in the
Leases, the Lease Contracts and the Equipment. 

        (h)  Notification.    PFSC agrees to notify EPI or as soon as practicable, but in no event later than three (3)
Business Days after the earlier of the PFSC's discovery or its receipt of notice thereof, of a material breach of any representation or warranty contained herein, or the failure of the PFSC to perform
its duties hereunder in any material respect. 

        (i)    Lien in Force.    PFSC shall not release or assign any Lien in favor of the EPI on any item of Equipment
related to any Lease in whole or in part or as otherwise provided elsewhere herein without permission of EPI. 

        (j)    Fulfill Obligations.    PFSC will in all material respects duly fulfill all obligations on PFSC's part to be
fulfilled under or in connection with the Leases. PFSC will not amend, rescind, cancel or modify any Lease or term or provision thereof, except in accordance with the Servicing Standard as defined
herein or as contemplated elsewhere herein without permission of EPI. 

        (k)  Preservation of the Equipment.    PFSC shall, in accordance with the Servicing Standard, collect all payments
required to be made by the Lessees under the Leases, enforce all material rights of EPI under the Leases and defend the Equipment against all Persons, claims and demands whatsoever. PFSC shall not
assign, sell, pledge, or exchange, or in any way encumber or otherwise 

3

 

dispose of the Equipment, except as permitted under this Agreement and only with permission of the EPI. 

        (l)    No Ownership Interest.    The Servicer does not have any ownership interest in the Leases and will not assert
any ownership interest in the Leases. 

        9.    Representations and Warranties of EPI.    EPI represents and warrants the following: 

        (a)  Business Entity; Authority.    EPI is a corporation duly organized, validly existing and in good standing under
the laws of the State of California. 

        (b)  Authorization; Binding Agreement.    The execution, delivery and performance of this Agreement have been duly
authorized by all necessary corporate action by EPI, its directors and shareholders. This Agreement has been duly and validly executed and delivered on behalf of EPI and is binding upon and
enforceable against EPI in accordance with its terms, except as enforceability may be limited or affected by applicable bankruptcy, insolvency, reorganization or other laws of general application
relating to or affecting the rights of creditors, and except as enforceability may be limited by rules of law governing specific performance, injunctive relief or other applicable remedies. 

        10.    Access to Information.    Upon giving at least 24 hours' notice, PFSC shall give EPI and its counsel,
accountants and other representatives reasonable access, during normal business hours, to all of PFSC's files, books and records (including computer records) relating to the portfolio. 

        11.    Confidentiality.    Each party agrees that it shall not disclose to any third party any information concerning
the customers, trade secrets, methods, processes or procedures or any other confidential, financial or business information of the other party which it learns during the course of its performance of
this Agreement, without the prior written consent of such other party. Notwithstanding the foregoing, PFSC and EPI may disclose each other's confidential and proprietary information without obtaining
prior written consent in the following circumstances only: (a) to employees of the disclosing party, who require such information in order to assist the disclosing party in performing this
Agreement; (b) as required in order to comply with any subpoena, audit requests, court order or applicable law, provided that disclosing party gives the other party prior written notice of such
disclosure, if possible; and (c) if such services have been requested by EPI hereunder, any disclosures in connection with any sales, use or property tax filing and filing under the Uniform
Commercial Code. Notwithstanding anything to the contrary in this Agreement, neither PFSC nor EPI shall have an obligation to keep secret any confidential or proprietary information, which is in or
becomes part of the public domain not due to the fault of any such party. The party's obligations under this Section shall survive the expiration, cancellation or other termination of this Agreement. 

        12.    Limitation of Liability.    Neither PFSC nor any of its officers, employees or agents shall be liable to EPI
for any action taken or for refraining from the taking of any action in accordance with customary industry standards for servicing; leases and loans of the type which comprise the portfolio pursuant
to this Agreement, or for mistakes or errors in judgment; provided, however, that this provision shall not protect PFSC from liability to EPI for any losses, claims, liabilities, or damages incurred
by EPI by reason of willful misconduct or gross negligence of PFSC in the performance of its duties and obligations hereunder. In no event will PFSC be liable to EPI for any losses, claims,
liabilities or damages incurred by EPI arising out of or relating to the acts or omissions of PFSC in reliance in good faith on any document, which is prepared or furnished to PFSC by EPI.  EXCEPT FOR PFSC'S GROSS NEGLIGENCE OR
WILLFUL MISCONDUCT RESULTING IN A BREACH OF THIS AGREEMENT, PFSC SHALL NOT BE LIABLE FOR SPECIAL, PUNITIVE, EXEMPLARY, INCIDENTAL OR
CONSEQUENTIAL DAMAGES (INCLUDING, WITHOUT LIMITATION, ANY DAMAGES RESULTING FROM LOSS OF DATA, REVENUE OR PROFITS) EXCEPT FOR PFSC'S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT RESULTING IN A BREACH OF
THIS  

4

 

 AGREEMENT, THE MAXIMUM LIABILITY OF PFSC TO EPI ARISING OUT OF THIS AGREEMENT AND THE SERVICES TO BE PERFORMED HEREUNDER SHALL IN NO EVENT EXCEED TEN THOUSAND DOLLARS. No
damages shall be assessed or charged against PFSC when any delay or breach on its part is caused by the failure of EPI to furnish input or information required of EPI, the failure of any utility or
communications company to furnish services or for any other reasons beyond the control of PFSC. 

        13.    Late Charge.    If EPI fails to pay any amounts when due, EPI also agrees to pay to PFSC a service charge equal
to one percent (1%) per month (or the daily prorated amount thereof) on any past-due amounts. 

        14.    Amendment.    This Agreement may be amended or modified only by written agreement signed by PFSC and EPI. 

        15.    Succession.    Neither party may assign this Agreement or its rights hereunder, or delegate its obligations
hereunder without the prior written consent of the other party. Subject to the foregoing, this Agreement shall be binding upon and shall inure to the benefit of the parties and their respective
successors and assigns. 

        16.    Waiver.    No delay or omission on the part of any party in exercising any right hereunder shall operate as a
waiver of any such right or any other right. All waivers must be in writing. 

        17.    Severability.    If any provisions of this Agreement are found to be unenforceable as to any person or
circumstance, such finding shall not render such a provision invalid or unenforceable as to any other person or circumstance and shall not invalidate any other provision or provisions of this
Agreement. If
feasible, the term or provision which is found to be invalid or unenforceable shall be deemed to be modified to be within the limits of validity or enforceability. 

        18.    Law of Agreement.    This Agreement shall be construed and enforced in accordance with the laws of the State of
California. The parties further agree that this agreement was entered into in the State of California, County of Sutter. 

        19.    Notices.    All notices, requests, demands or other communications given hereunder shall be in writing and
shall be deemed to have been duly given when delivered personally or when deposited in the United States mail, postage prepaid, as registered or certified mail, to the parties at their addresses set
forth in this Agreement or to such other addresses as the parties may designate by written notice to the other party in accordance with this section. If such notice, demand or other communication is
served personally, it shall be conclusively deemed made at the time of such personal service. If such notice, demand, or other communication is given by mail, it shall be conclusively deemed given
seventy-two hours after the deposit thereof in the United States mail addressed to the party to whom such notice, demand or other communication is to be given. 

        20.    Further Assurances.    Each of the parties hereto shall execute and deliver any and all additional papers,
documents and other assurances, and shall do any and all acts and things reasonably necessary in connection with the performance of their duties and obligations hereunder and to carry out the intent
of the parties hereto. 

        21.    Entire Agreement.    This Agreement contains the entire understanding of, and supersedes all prior or
contemporaneous agreements not specifically referred to herein among the parties with respect to the subject matter hereof. 

5

 

        IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above. 

	 	 	EPI Leasing Company a California Corporation

Subsidiary of Feather River State Bank
	

 	
 	

By:	
 	

/s/  [ILLEGIBLE]      

	 	 	Title:	 	DIR

	

 	
 	
PORTFOLIO FINANCIAL SERVICING COMPANY, INC.
	

 	
 	

By:	
 	

/s/  [ILLEGIBLE]      

	 	 	Title:	 	President/CEO

6

 
 
 

FEE SCHEDULE    
  

        PFSC will provide FRSB with a complete, tailored contract administration system that includes all functions associated with total and complete contract
administration. To provide those services PFSC will charge the following fees: 

	Monthly Servicing Fees:	 	 
	

Portfolio Contract Count	
 	

Monthly Fee
	0-5000	 	$11.00 per contract

        Asset management/Remarketing Fees—PFSC will provide remarketing of assets for the following fees: 0-60% of book
value—5% of net proceeds, 60-100% of book value—10% of net proceeds, 100%+ of book value—40% of net proceeds 

	One time Conversion and set up Fee:	 	$4,800.00
	 	 	 

        The
above fee structure does not include: 

	(a)
	UCC
financing statement filing fees; and

	(b)
	Overnight
carrier charges; and

	(c)
	Bank
lock box fees;

	(d)
	Reimbursement
for any travel related expense associated with set up/conversion

	(e)
	Leased
phone and data lines or telecommunication charges for access PFSC's systems

	(f)
	All
other telecommunications expense associated with portfolio administration.

	(g)
	Printing
expenses associated with a private label program i.e. letter head stationery, envelopes, etc.

	(h)
	Title,
UCC and registration fees, including fees associated with notation of any lenders Interest on certificates of title, UCC's and vehicle registrations;

	(i)
	Collection
costs paid to third parties, including repossession costs, attorney fees and court costs 

        All fees (a) through (i) will be advanced by servicer and billed to client on a monthly "pass through" basis

Optional Services  

        Custom programming/consulting fees $150/hr 

7

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