Document:

exv10w2

 

Exhibit 10.2

BARRIER THERAPEUTICS, INC.

SCIENCE ADVISORY BOARD CONSULTING AGREEMENT

     This SCIENCE ADVISORY BOARD CONSULTING AGREEMENT (this “Agreement”) dated as of August
1, 2005 (the “Effective Date”), is entered into by and between Barrier Therapeutics, Inc., a
Delaware corporation, having a principal place of business at 600 College Road East, Suite 3200,
Princeton, New Jersey, 08540 (the “Company”), and Carl Ehmann, an individual with a
principal address at 134 Broad Street, Charleston, South Carolina 29401 (the “Advisor”).

     WHEREAS, the Company continues to utilize a group of individuals as an advisory board for the
purpose of reviewing the Company’s research, development and commercial plans and activities
relating to research, manufacture, use and/or sale of pharmaceutical products (the “Advisory
Board”); and

     WHEREAS, the Advisor has served as a member of the Company’s Advisory Board pursuant to that
certain Science Advisory Board Consulting Agreement dated as of April 26, 2002 (the “Original
Agreement”); and

     WHEREAS, the Original Agreement has terminated and the parties desire to enter into this
Agreement which affords the Company the opportunity to further engage the Advisor as a member of
the Advisory Board to render services to the Company upon the terms and conditions hereinafter set
forth.

     NOW THEREFORE, in consideration of the foregoing recitals and the mutual promises and
covenants contained in this Agreement, the parties hereto agree as follows:

1. Advisor Services.

     1.1 Subject to the terms and conditions of this Agreement, the Advisor will serve as a member
of the Advisory Board and in such capacity shall perform the following consulting and advisory
services (the “Services”):

          (a) upon appropriate advance notice of the time and location, attend semi-annual meetings not
to exceed one full day each at the Company’s principal place of business or such other location as
may reasonably be designated by the Company and review written and/or electronic background
materials, if any, provided to Advisor in preparation for the meeting;

          (b) provide up to ten (10) hours per calendar quarter of additional consulting or advisory
services (not to include any laboratory, pre-clinical or clinical activities) in person through
telephone and/or by electronic mail advice on an as needed basis, and, if agreed to by Advisor,
on-site at the Company’s offices, to guide the Company in making important strategic decisions and
for the purpose of evaluating the Company’s strategic plans and decisions, research and/or
development activities and results, competitive positions and/or other scientific and/or technical
issues; and

 

 

          (c) provide such other consulting and advisory services as may reasonably be requested by the
Company in connection with the foregoing subject to the hour limitation provided in Section 1.1(b).

2. Independent Contractor. The Advisor understands that the relationship between the
Advisor and the Company is that of an independent contractor and advisor. Nothing contained herein
shall be construed to create an employer and employee, principal and agent, partnership or joint
venture relationship between the Company and the Advisor. Nothing contained in this Agreement
confers on the Advisor any authority to bind or otherwise obligate the Company with respect to any
matter, whether arising under this Agreement or otherwise. The Company acknowledges that Advisor
will not be making any decisions on behalf of the Company in a fiduciary capacity, but merely
providing recommendations in good faith for consideration by the Company, its management and its
Board of Directors.

3. Compensation for Services.

     3.1 Concurrently with the execution of this Agreement, in consideration for the full, prompt
and satisfactory performance of the Services, the Company shall grant to the Advisor a
non-qualified option (the “Option”) to purchase 3,000 shares of the Company’s common stock at an
exercise price equal to the fair market value of the Company’s common stock at the close of
business on the Effective Date, pursuant to the Company’s 2004 Stock Incentive Plan and subject to
the terms of the Non-Qualified Stock Option Agreement attached hereto as Annex A. The shares shall
vest one-twenty-fourth (1/24) per month for so long as this Agreement is in full force and effect.

     3.2 In addition to the Option, the Advisor will receive an annual honorarium of ten thousand
dollars ($10,000) to be paid out quarterly within fifteen (15) days from the end of each calendar
quarter.

     3.3 If Advisor is asked by the Company to incur any out-of-pocket expenses on behalf of the
Company, the Company shall reimburse Advisor for all such reasonable, business class travel (first
class for domestic flights over two (2) hours in duration if business class is not available),
meals and accommodation expenses.

4. Term and Termination. The term of this Agreement shall be for two (2) years from the
date first written above. The Advisor may terminate this Agreement at any time, whether with or
without cause upon thirty (30) days advance written notice to the Company and the Company may
terminate this Agreement if the Advisor materially breaches any term of this Agreement; provided
that if Advisor is unable to attend a semi-annual meeting pursuant to Section 1.1(a) due to
insufficient advance notice, such non-attendance will not be deemed a material breach.

5. Conflict of Interest.

     5.1 The Advisor agrees that he will not engage in any activity that, in the judgment of the
Company and/or the Advisor’s current employer, presents or would reasonably be expected to present
a conflict of interest with his role as an Advisor to the Company.

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     5.2 Without limiting the generality of Section 5.1, the Advisor shall not take on a similar
advisory or directly competitive consulting project for a competitor of the Company.

     5.3 The Advisor agrees that for a period of one year following termination of this Agreement
he will not solicit or attempt to solicit any employee of, or consultant to, the Company to leave
the employment of, or no longer render service to or the benefit of, the Company.

6. Current Employer; Representation.

     6.1 Notwithstanding anything in this Agreement to the contrary, it is understood and agreed by
the Advisor and by the Company that the Advisor’s primary responsibility is to his current
employer.

     6.2 Advisor shall promptly advise the Company of any perceived conflict of interest or
conflicting policy identified in the course of Advisor’s activities hereunder, and the Company and
Advisor shall, in good faith, attempt to resolve any such conflict(s), recognizing that Advisor’s
principal employer’s policies will take priority.

     6.3 Advisor hereby represents and warrants to the Company that Advisor is not, and that
Advisor’s performance of this Agreement, will not result, in violation of any term of any
employment-related agreement or contract, written or verbal, or any other agreement relating to the
right of Advisor to be retained by the Company, or that would interfere with Advisor’s ability to
contribute to the interests of the Company or which would conflict with the Company’s business.

7. Confidentiality.

     7.1 The Advisor will not directly or indirectly, without the Company’s prior written
permission, disclose to anyone or use in other than the Company’s business, either during or after
the term of his relationship with the Company, any Confidential Information (as defined below).
Upon termination of his relationship with the Company, the Advisor will return all copies of any
Confidential Information to the Company.

     7.2 “Confidential Information” shall mean confidential or other proprietary information of the
Company, including, without limitation, hardware and software designs and code, product
specifications and documentation, formulae, methodologies, know-how, therapeutic targets,
mechanisms of action, discovery plans, bioinformatic and other data analysis, assays, tests
results, preparation methods, formulation activities, compound and/or product specifications and/or
properties, trade secrets, technical information, financial, pricing and marketing information,
strategies, business, launch and product plans, customer lists and other business information,
publication drafts, pre-clinical and clinical plans and activities, regulatory preparations and
responses, personnel issues and the identities of other consultants, advisors and service providers
which are disclosed to Advisor or to which Advisor is exposed, whether in writing, marked
“confidential”, or orally or in some other form, whether or not identified as such, but should be
reasonably considered to be confidential.

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     7.3 The Advisor will hold all third-party confidential or proprietary information in
confidence and will use such information only to the extent necessary to carry out work for the
Company consistent with the Company’s arrangement with such third parties. The Advisor will not
disclose to the Company, use in the Company’s business, or cause the Company to use, any
information or material which is confidential to others and which the Company has not been
authorized to use. Specifically, the Advisor certifies that the Advisor has not disclosed to the
Company any confidential or proprietary information belonging to any third party and that the
Company does not want to receive, and the Advisor shall not disclose to the Company at any time,
such confidential or proprietary information.

     7.4 Upon the termination of Advisor’s relationship with the Company, Advisor shall return or
destroy such information provided to Advisor and/or Advisor’s notes related thereto, except that
Advisor may retain one complete archival copy of such information in a secure location, solely for
purposes of monitoring Advisor’s compliance with this Agreement.

     7.5 THE TERMS OF THIS SECTION 7 SHALL SURVIVE THE TERMINATION OF THIS AGREEMENT.

8. Inventions. The Advisor, to the extent permitted under any prevailing employment
contract or policy of Advisor’s principal employer, hereby assigns to the Company his entire right,
title and interest in and to any Developments. For purposes of this Agreement, “Developments”
means any idea, discovery, invention, modification, improvement, apparatus, practice, process,
method, product, code, computer program (including source and object code), data, data base,
equipment, documentation and original works of authorship, whether or not patentable, copyrightable
or registrable as a trademark which: (i) was made, conceived, developed and/or not first reduced to
practice by Advisor, alone or in concert with other advisors and/or employees of the Company, in
the course of Advisor’s engagement with the Company, or with the use of the Company’s time,
materials, funds or facilities; and (ii) is related to information, technology or investigations of
the Company to which Advisor has access as part of his engagement with the Company.

9. Prohibition Against Insider Trading. Each party acknowledges that the federal
securities laws prohibit any person who has received material non-public information about a party
whose securities are publicly traded from purchasing or selling securities of any such entity or
from communicating such information to any other person under circumstances in which it is
reasonably foreseeable that such person is likely to purchase or sell such securities in reliance
on such information.

10. Indemnification. The Company shall reimburse and indemnify the Advisor for, and hold
Advisor harmless against, any loss, liability or expense, including, without limitation, reasonable
attorney’s fees, incurred without gross negligence, bad faith or willful misconduct on the part of
the Advisor arising out of, or in connection with the acceptance of, or the performance of,
Advisor’s duties and obligations under this Agreement.

11. Entire Agreement. This Agreement and the Non-Qualified Stock Option Agreement
constitute the entire agreement between the parties relative to the subject matter hereof and
thereof and supersede all proposals, letters of intent or agreements, written or oral, and all
other

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communications between the parties relating to the subject matter of this Agreement and the
Non-Qualified Stock Option Agreement.

12. Modifications; Waiver. No provisions of this agreement shall be waived, amended,
modified, superseded, canceled, renewed or extended except in a written instrument signed by the
party against whom any of the foregoing actions is asserted. Any waiver shall be limited to the
particular instance and for the particular purpose when and for which it is given.

13. Transfer of Rights. This Agreement, and any part of the Services to be performed
hereunder and all rights hereunder are personal to the Advisor and may not be transferred or
assigned by the Advisor at any time without the prior written consent of the Company.

14. Governing Law. This Agreement shall be construed and enforced in accordance with, and
the rights of the parties shall be governed by, the internal laws of the State of New Jersey other
than any law that may cause the laws of a different jurisdiction to apply.

15. Notices. All notices and consents required or permitted hereunder must be in writing
and shall be deemed effectively given: (a) upon personal delivery to the party to be notified, (b)
when sent by confirmed telex or facsimile if sent during normal business hours of the recipient; if
not, then on the next business day, (c) three business days after having been sent by registered or
certified mail, return receipt requested, postage prepaid, or (d) one business day after deposit
with a nationally recognized overnight courier, specifying next day delivery, with written
verification of receipt. All communications shall be sent to the party to be notified at the
address as set forth in the introduction or at such other address as such party may designate by
ten (10) days advance written notice to the other party.

16. Counterparts. This Agreement may be executed in two counterparts, each of which shall
be deemed an original, but both of which together shall constitute one and the same instrument.

17. Headings. The headings of the sections, subsections, and paragraphs of this Agreement
have been added for convenience only and shall not be deemed to be a part of this Agreement.

18. Severability. In case any provision of the Agreement shall be invalid, illegal, or
unenforceable, the validity, legality, and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby.

[ Signature Pages Follow ]

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     IN WITNESS WHEREOF, the parties hereto have executed this Science Advisory Board Consulting
Agreement as of the date set forth in the first paragraph hereof.

	 	 	 	 	 
	 	 	BARRIER THERAPEUTICS, INC.
	 
	 	 	 	 
	 

	 	By:
	 	ANNE VANLENT
	 

	 	 	 	 
	 

	 	Name:
	 	Anne VanLent
	 

	 	Title:
	 	Executive Vice President and
	 

	 	 	 	Chief Financial Officer
	 
	 	 	 	 
	 	 	ADVISOR
	 
	 	 	 	 
	 

	 	By:
	 	CARL EHMANN
	 

	 	 	 	 
	 

	 	Name:
	 	Carl Ehmann

6<PAGE>
                                                                    EXHIBIT 10.2

                                                                  EXECUTION COPY

THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENT
REQUEST. REDACTED MATERIAL IS MARKED WITH "*" AND BRACKETS AND HAS BEEN FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

                           SECOND AMENDMENT AND WAIVER

      SECOND AMENDMENT AND WAIVER, dated as of June 10, 2005 (this
"Amendment"'), to the Amended and Restated Credit Agreement, dated as of May 12,
2004 (the "Credit Agreement"), among INFRASOURCE SERVICES, INC., a Delaware
corporation ("Holdings"), INFRASOURCE INCORPORATED, a Delaware corporation (the
"Borrower"), the several banks and other financial institutions or entities from
time to time parties thereto (the "Lenders"), LASALLE BANK NATIONAL ASSOCIATION,
as syndication agent, and BARCLAYS BANK PLC, as administrative agent (the
"Administrative Agent").

                                   WITNESSETH:

      WHEREAS, the Borrower has requested that the Lenders agree to amend and
waive certain provisions in the Credit Agreement upon the terms and subject to
the conditions set forth herein; and

      WHEREAS, the Lenders have agreed to such amendments and waivers only upon
the terms and subject to the conditions set forth herein;

      NOW, THEREFORE, in consideration of the premises and the mutual covenants
contained herein and in the Credit Agreement, the parties hereto hereby agree as
follows:

      1. Defined Terms. Unless otherwise defined herein, all capitalized terms
used herein shall have the meanings given to them in the Credit Agreement.

      2. Amendment to Section 1.1 (Defined Terms). Section 1.1 of the Credit
Agreement is hereby amended by inserting the following defined terms in
appropriate alphabetical order:

            "[**********] Project Losses": losses arising out of the Borrower's
      underground project (under a contract with [**********]) outside of
      [**************] described in the letter from the Borrower to the
      Administrative Agent and the Lenders dated June 8, 2005; provided, that
      such losses do not result in, or could not reasonably be expected to
      result in, an aggregate negative amount of Consolidated Adjusted EBITDA
      (as measured over all relevant periods and excluding any application of
      clause (k) of the definition of such term which would otherwise result
      therefrom) in excess of $[**********].

            "[**********] Project Adjustments": reductions in the profitability
      of the Borrower's underground project in [**********] described in the
      letter from the Borrower to the Administrative Agent and the Lenders dated
      June 8, 2005; provided, that such loss in profitability does not result in
      an aggregate negative amount of Consolidated Adjusted EBITDA (as measured
      over all relevant periods and excluding any application of clause (e) of
      the definition of such term which may otherwise result if such losses in
      profitability were classified as extraordinary, unusual or non-recurring)
      in excess of $[**********].

      3. Amendment to Section 4.2 (No Change). Section 4.2 of the Credit
Agreement is hereby amended by deleting the "." at the end thereof and inserting
in lieu thereof the following language: ", except for the [**********] Project
Losses." The amendment set forth in this Section 4.2 shall cease to be effective
on and after July 25, 2005 (with respect to representations and warranties made
on or after such time), at which time such Section 4.2 shall revert to the
language set forth therein prior to the effectiveness of this Amendment.

<PAGE>
THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENT
REQUEST. REDACTED MATERIAL IS MARKED WITH "*" AND BRACKETS AND HAS BEEN FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

      4. Waiver of Section 4.10 (Taxes). The Required Lenders hereby waive any
noncompliance with Section 4.10 to the extent such noncompliance results from
the failure to file any state tax returns in connection with the Acquisition
which are required to be reviewed and approved by the Seller; provided, that (i)
the taxes payable in accordance with such state tax returns shall have already
been paid (or provision shall have already been made for payment of such tax
returns) and (ii) such state tax returns must be filed on or before June 30,
2005.

      5. Waiver of Section 4.18 (Accuracy of Information. Etc.), Section 5.3
(Condition to Each Extension of Credit) and Section 6.1 (Financial Statements).
The Required Lenders hereby waive (i) any misrepresentation as to (or Default or
Event of Default relating to) the completeness and correctness in all material
respects of the consolidated financial statements of Holdings for the fiscal
quarter ended March 31, 2005 made (or to be made prior to any restatement of
such financial statements) in the last sentence of Section 6.1 or in any
Compliance Certificate or other certificate relating to such financial
statements or fiscal period to the extent such misrepresentation results from
the [**********] Project Losses and/or the [**********] Project Adjustments,
(ii) any misrepresentation under Section 4.18 to the extent resulting from the
impact of the [**********] Project Losses and/or the [**********] Project
Adjustments on the consolidated financial statements of Holdings for the fiscal
quarter ended March 31, 2005 and (iii) any noncompliance with Section 5.3 with
respect to the foregoing; provided, that the waivers set forth in this paragraph
5 shall cease to be effective on and after July 25, 2005.

      6. Representations and Warranties. (a) Credit Agreement Representations
and Warranties. On and as of the date hereof and after giving effect to this
Amendment, Holdings and the Borrower hereby confirm, reaffirm and restate the
representations and warranties set forth in Sections 4 of the Credit Agreement
mutatis mutandis (giving effect and subject to the waivers contained herein),
except to the extent that such representations and warranties expressly relate
to a specific earlier date in which case Holdings and the Borrower hereby
confirm, reaffirm and restate such representations and warranties as of such
earlier date.

            (b) Power; Authorization; Enforceable Obligations. Each Loan Party
has the requisite corporate or other power and authority, and the legal right,
to make, deliver and perform the Loan Documents to which it is a party, as
amended, in the case of the Credit Agreement, by this Amendment. Each Loan Party
has taken all necessary steps to authorize the execution, delivery and
performance of Loan Documents to which it is a party, as amended, in the case of
the Credit Agreement, by this Amendment. The Credit Agreement, as amended by
this Amendment, continues to constitute a legal, valid and binding obligation of
each Loan Party thereto, enforceable against each such Loan Party in accordance
with its terms, except as enforceability maybe limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the enforcement
of creditors' rights generally and by general equitable principles (whether
enforcement is sought by proceedings in equity or at law).

            (c) No Legal Bar. The execution, delivery and performance of this
Amendment and any other related documents will not violate any Requirement of
Law or any material Contractual Obligation of any Group Member and will not
result in, or require, the creation or imposition of any Lien on any of their
respective properties or revenue pursuant to any Requirement of Law or any such
material Contractual Obligation (other than the Liens created by the Security
Documents).

      7. Conditions to Effectiveness. This Amendment shall become effective on
the date upon which:

            (a) the Administrative Agent shall have received this Amendment,
executed by the Borrower, Holdings, the Subsidiary Guarantors and the Required
Lenders; and

                                       2
<PAGE>
THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENT
REQUEST. REDACTED MATERIAL IS MARKED WITH "*" AND BRACKETS AND HAS BEEN FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

            (b) the Administrative Agent shall have received, for the account of
each Lender executing this Amendment on or before 5:00 p.m., New York City time,
June 10, 2005, a consent fee equal to the product of (i) [*****]% and (ii) the
sum of (x) the Revolving Commitments of each such Lender and (y) the aggregate
outstanding principal amount of Term Loans of each such Lender.

      8. Continuing Effect. This Amendment shall not be construed as a waiver or
consent to any further or future action on the part of the Loan Parties that
would require a waiver or consent of the Administrative Agent and/or the
Required Lenders. Except as expressly amended hereby, the Credit Agreement shall
continue to be and shall remain in full force and effect in accordance with its
terms.

      9. Expenses. The Borrower agrees to pay and reimburse the Administrative
Agent for all of its reasonable out-of-pocket costs and expenses incurred in
connection with the negotiation, preparation, execution and delivery of this
Amendment, including the reasonable fees and expenses of counsel.

      10. Counterparts. This Amendment may be executed on any number of separate
counterparts, and all of said counterparts taken together shall be deemed to
constitute one and the same instrument. Delivery of an executed signature page
of this Amendment by facsimile transmission shall be effective as delivery of a
manually executed counterpart hereof.

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

                                       3
<PAGE>

                                                                  EXECUTION COPY

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

                                      INFRASOURCE INCORPORATED

                                      By: /s/ Terence R. Montgomery
                                          ------------------------------
                                      Name:  Terence R. Montgomery
                                      Title: Sr. Vice President & CFO

                                      INFRASOURCE SERVICES, INC.

                                      By: /s/ Terence R. Montgomery
                                          ------------------------------
                                      Name:  Terence R. Montgomery
                                      Title: Sr. Vice President & CFO

                                      BARCLAYS BANK PLC, as Administrative Agent
                                        and as a Lender

                                      By: /s/ David Barton
                                          --------------------------------------
                                      Name:  David Barton
                                      Title: Associate Director

                                      LASALLE BANK NATIONAL ASSOCIATION, as
                                      Syndication Agent and as a Lender

                                      By: /s/ Philip R. Medsger
                                          ----------------------

                                      Name:  Philip R. Medsger
                                      Title: First Vice President

<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                               RZB FINANCE LLC
                                      -----------------------------------
                                               [Name of Lender]

                                      By: /s/ Christoph Hoedl
                                          ------------------------------
                                      Name:  Christoph Hoedl
                                      Title: Group Vice President

                                      By: /s/ John A. Valiska
                                          ------------------------------
                                      Name:  John A. Valiska
                                      Title: First Vice President

                                       5
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      JPMorgan Chase Bank, N.A.

                                      By: /s/ Lee P. Brennan
                                          ------------------------------
                                      Name:  Lee P. Brennan
                                      Title: Vice President

                                       6
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                         Wachovia Bank, National Association
                                      ------------------------------------------
                                                 [Name of Lender]

                                      By: /s/ Stephen T. Dorosh
                                          ------------------------------
                                      Name:  Stephen T. Dorosh
                                      Title: Vice President

                                       7
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                           Commerce Bank
                                      -----------------------------------
                                          [Name of Lender]

                                      By: /s/ Michael P. Thomson
                                          -------------------------------------
                                      Name:  Michael P. Thomson
                                      Title: Vice President

                                       8
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      APEX (IDM) CDO I, LTD.
                                      BABSON CLO LTD. 2003-I
                                      ELC (CAYMAN) LTD. 1999-II
                                      SUFFIELD CLO, LIMITED
                                      TRYON CLO LTD. 2000-I
                                      By:  Babson Capital Management LLC as
                                      Collateral Manager

                                      By: /s/ John W. Stelwagon
                                          ------------------------------
                                      Name:  John W. Stelwagon
                                      Title: Managing Director

                                      MAPLEWOOD (CAYMAN) LIMITED
                                      By:  Babson Capital Management LLC as
                                      Investment Manager

                                      By: /s/ John W. Stelwagon
                                          ------------------------------
                                      Name:  John W. Stelwagon
                                      Title: Managing Director

                                      SIMSBURY CLO, LIMITED
                                      By:  Babson Capital Management LLC under
                                      delegated authority from Massachusetts
                                      Mutual Life Insurance Company as
                                      Collateral Manager

                                      By: /s/ John W. Stelwagon
                                          ------------------------------
                                      Name:  John W. Stelwagon
                                      Title: Managing Director

                                       9
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      FOXE BASIN CLO 2003, LTD
                                      By Royal Bank of Canada as Collateral
                                      Manager

                                      By: /s/ Lee M. Shaiman
                                          ------------------------------
                                      Name:  Lee M. Shaiman
                                      Title: Authorized Signatory

                                       10
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      LANDMARK CDO LIMITED
                                      By:  Aladdin Capital Management LLC, as
                                      Manager

                                      By: /s/ Angela Bozorgmir
                                          ------------------------------
                                      Name:  Angela Bozorgmir
                                      Title: Director

                                      LANDMARK II CDO LIMITED
                                      By:  Aladdin Capital Management LLC, as
                                      Manager

                                      By: /s/ Angela Bozorgmir
                                          ------------------------------
                                      Name:  Angela Bozorgmir
                                      Title: Director

                                      LANDMARK III CDO LIMITED
                                      By:  Aladdin Capital Management LLC, as
                                      Manager

                                      By: /s/ Angela Bozorgmir
                                          ------------------------------
                                      Name:  Angela Bozorgmir
                                      Title: Director

                                       11
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                               PACIFICA  CDO II, LTD
                                      -----------------------------------
                                               [Name of Lender]

                                      By: Signature Illegible
                                          -------------------------------------
                                      Name:
                                      Title:

                                       12
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      NATIONWIDE LIFE INSURANCE COMPANY
                                      SEPARATE ACCOUNT-B RETIREMENT
                                           [Name of Lender]

                                      By: /s/ Mark W. Poeppelman
                                          -------------------------------------
                                      Name:  Mark W. Poeppelman
                                      Title: Authorized Signatory

                                       13
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      NATIONWIDE MUTUAL INSURANCE COMPANY
                                                [Name of Lender]

                                      By: /s/ Mark W. Poeppelman
                                         --------------------------------------
                                      Name:  Mark W. Poeppelman
                                      Title: Authorized Signatory

                                       14
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                                AMCO INSURANCE
                                      -----------------------------------
                                               [Name of Lender]

                                      By: /s/ Mark W. Poeppelman
                                          -------------------------------------
                                      Name:  Mark W. Poeppelman
                                      Title: Authorized Signatory

                                       15
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      SCOTTSDALE INSURANCE
                                        [Name of Lender]

                                      By: /s/ Mark W. Poeppelman
                                          --------------------------------------
                                      Name:  Mark W. Poeppelman
                                      Title: Authorized Signatory

                                       16
<PAGE>

                                   INFRASOURCE INCORPORATED
                                   SECOND AMENDMENT

                                   FOOTHILL INCOME TRUST II, L.P.
                                          [Name of Lender]

                                   By: Signature Illegible
                                       ---------------------------------------
                                   Name:  FIT II GP, LLC, Its General Partner
                                   Title: Managing Member

                                       17
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                               Name Illegible
                                      ------------------------------------------
                                               [Name of Lender]

                                      By: /s/ D. Robinson
                                          -------------------------------------
                                      Name:  Denton Robinson
                                      Title: Loans Officer

                                       18
<PAGE>

                                    INFRASOURCE INCORPORATED
                                    SECOND AMENDMENT

                                    Denali Capital LLC, managing member of
                                    DC Funding Partners, portfolio manager for
                                    DENALI CAPITAL CLO II, LTD., or an affiliate

                                    By: /s/ John R. Thacker
                                         ------------------------------
                                    Name:  John R. Thacker
                                    Title: Chief Credit Officer

                                       19
<PAGE>

                                  INFRASOURCE INCORPORATED
                                  SECOND AMENDMENT

                                  Denali Capital LLC, managing member of
                                  DC Funding Partners, portfolio manager for
                                  DENALI CAPITAL CLO III, LTD., or an affiliate

                                  By: /s/ John R. Thacker
                                      ------------------------------
                                  Name:  John R. Thacker
                                  Title: Chief Credit Officer

                                       20
<PAGE>

                                     INFRASOURCE INCORPORATED
                                     SECOND AMENDMENT

                                     Denali Capital LLC, managing member of
                                     DC Funding Partners, portfolio manager for
                                     DENALI CAPITAL CLO I, LTD., or an affiliate

                                     By: /s/ John R. Thacker
                                         ------------------------------
                                     Name:  John R. Thacker
                                     Title: Chief Credit Officer

                                       21
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      GULF-STREAM-COMPASS CLO 2003-1 LTD.
                                      By:  Gulf Stream Asset Management LLC
                                      As Collateral Manager

                                      By: /s/ Barry K. Love
                                          -------------------------------------
                                      Name:  Barry K. Love
                                      Title: Chief Credit Officer

                                       22
<PAGE>

                               INFRASOURCE INCORPORATED
                               SECOND AMENDMENT

                               PRINCIPAL LIFE INSURANCE COMPANY
                                      [Name of Lender]

                               By: Principal Global Investors, LLC, a Delaware
                               limited liability company, it authorized
                               signatory

                               By: /s/ Scott Bennett
                                   ---------------------------------------
                               Name:  Scott Bennett
                               Title: Portfolio Manager

                               By: /s/ Colin Pennycooke
                                   ------------------------------
                               Name:  Colin Pennycooke
                               Title: Counsel

                                       23
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      Gleneagles CLO, Ltd.
                                      By:  Highland Capital Management, L.P.
                                      As Collateral Manager

                                      By: /s/ Chad Schramek
                                         ----------------------------
                                      Name:  Chad Schramek
                                      Title: Assistant Treasurer
                                             Highland Capital Management, L.P.

                                       24
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      Loan Funding IV, LLC
                                      By:  Highland Capital Management, L.P.
                                      As Portfolio Manager

                                      By: /s/ Chad Schramek
                                          -----------------------------
                                      Name:  Chad Schramek
                                      Title: Assistant Treasurer
                                             Highland Capital Management, L.P.

                                       25
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      Highland Legacy Limited
                                      By:  Highland Capital Management, L.P.
                                      As Collateral Manager

                                      By: /s/ Chad Schramek
                                         ---------------------------------
                                      Name:  Chad Schramek
                                      Title: Assistant Treasurer
                                             Highland Capital Management, L.P.

                                       26
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      Restoration Funding CLO, LTD
                                      By:  Highland Capital Management, L.P.
                                      As General Partner

                                      By: /s/ Chad Schramek
                                          ----------------------------
                                      Name:  Chad Schramek
                                      Title: Assistant Treasurer
                                             Highland Capital Management, L.P.

                                       27
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      Highland Loan Funding V, LTD.
                                      By:  Highland Capital Management, L.P.
                                      As Collateral Manager

                                      By: /s/ Chad Schramek
                                          ----------------------------
                                      Name:  Chad Schramek
                                      Title: Assistant Treasurer
                                             Highland Capital Management, L.P.

                                       28
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      ELF Funding Trust I
                                      By:  Highland Capital Management, L.P.
                                      As Collateral Manager

                                      By: /s/ Chad Schramek
                                          ----------------------------
                                      Name:  Chad Schramek
                                      Title: Assistant Treasurer
                                             Highland Capital Management, L.P.

                                       29
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      Highland Floating Rate Advantage Fund
                                      By:  Highland Capital Management, L.P.
                                      Its Investment Advisor

                                      By: /s/ R. Joseph Dougherty
                                          -------------------------------------
                                      Name:  R. Joseph Dougherty
                                      Title: Senior Vice President, Secretary

                                       30
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      Highland Floating Rate Limited
                                      Liability Company
                                      By:  Highland Capital Management, L.P.
                                      Its Investment Advisor

                                      By: /s/ R. Joseph Dougherty
                                          --------------------------------------
                                      Name:  R. Joseph Dougherty
                                      Title: Senior Vice President, Secretary

                                       31
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      CUMBERLAND II CLO LTD.
                                      By:  Deerfield Capital Management LLC as
                                      its Collateral Manager

                                      By: /s/ Matt Stouffer
                                          --------------------------------------
                                      Name:  Matt Stouffer
                                      Title: Sr. Vice President

                                       32
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      LONG GROVE CLO, LIMITED
                                      By:  Deerfield Capital Management LLC as
                                      its Collateral Manager

                                      By: /s/ Matt Stouffer
                                         ---------------------------------------
                                      Name:  Matt Stouffer
                                      Title: Sr. Vice President

                                       33
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      FOREST CREEK CLO, Ltd.
                                      By:  Deerfield Capital Management LLC as
                                      its Collateral Manager

                                      By: /s/ Matt Stouffer
                                          --------------------------------------
                                      Name:  Matt Stouffer
                                      Title: Sr. Vice President

                                       34
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      ROSEMONT CLO, Ltd.
                                      By:  Deerfield Capital Management LLC as
                                      its Collateral Manager

                                      By: /s/ Matt Stouffer
                                          --------------------------------------
                                      Name: Matt Stouffer
                                      Title: Sr. Vice President

                                       35
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      BRYN MAWR CLO, Ltd.
                                      By:  Deerfield Capital Management LLC as
                                      its Collateral Manager

                                      By: /s/ Matt Stouffer
                                          --------------------------------------
                                      Name:  Matt Stouffer
                                      Title: Sr. Vice President

                                       36
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      SEMINOLE FUNDING LLC

                                      By: /s/ M. Cristina Higgins
                                          --------------------------------------
                                      Name:  M. Cristina Higgins
                                      Title: Assistant Vice President

                                       37
<PAGE>

                                      INFRASOURCE INCORPORATED
                                      SECOND AMENDMENT

                                      MUIRFIELD TRADING INC.

                                      By:/s/ M. Cristina Higgins
                                         ---------------------------------------
                                      Name:  M. Cristina Higgins
                                      Title: Assistant Vice President

                                       38
<PAGE>

                                    INFRASOURCE INCORPORATED
                                    SECOND AMENDMENT

                                    FIRST TRUST/FOUR CORNERS SENIOR
                                    FLOATING RATE INCOME FUND, as Lender
                                    By:  Four Corners Capital Management LLC,
                                    as Sub- Adviser

                                    By: /s/ Dean Valentine
                                        ------------------------------
                                    Name:  Dean Valentine
                                    Title: Vice President

                                    FIRST TRUST/FOUR CORNERS SENIOR
                                    FLOATING RATE INCOME FUND II, as Lender
                                    By:  Four Corners Capital Management LLC,
                                    as Sub- Adviser

                                    By: /s/ Dean Valentine
                                        ------------------------------
                                    Name:  Dean Valentine
                                    Title: Vice President

                                    FOUR CORNERS CLO 2005-I, LTD, as Lender
                                    By:  Four Corners Capital Management LLC, as
                                    Collateral Manager

                                    By: /s/ Dean Valentine
                                        ------------------------------
                                    Name:  Dean Valentine
                                    Title: Vice President

                                       39
<PAGE>
                                                                  EXECUTION COPY

                           ACKNOWLEDGEMENT AND CONSENT

            Each of the undersigned Subsidiary Guarantors hereby acknowledges
and consents to the foregoing Second Amendment.

                                      INFRASOURCE CORPORATE SERVICES, INC.

                                      By: /s/ Terence R. Montgomery
                                          ------------------------------
                                      Name:  Terence R. Montgomery
                                      Title: Sr. Vice President & CFO

                                      DASHIELL HOLDINGS CORPORATION

                                      By:  /s/ Terence R. Montgomery
                                           ------------------------------
                                      Name:  Terence R. Montgomery
                                      Title: Sr. Vice President & CFO

                                      DASHIELL CORPORATION

                                      By: /s/ Terence R. Montgomery
                                          ------------------------------
                                      Name:  Terence R. Montgomery
                                      Title: Sr. Vice President & CFO

                                      DACON CORPORATION

                                      By: /s/ Terence R. Montgomery
                                          ------------------------------
                                      Name:  Terence R. Montgomery
                                      Title: Sr. Vice President & CFO

                                      ELECTRIC SERVICES, INC.

                                      By: /s/ Terence R. Montgomery
                                          ------------------------------
                                      Name:  Terence R. Montgomery
                                      Title: Sr. Vice President & CFO

                                      M.J. ELECTRIC, INC.

                                      By: /s/ Terence R. Montgomery
                                          ------------------------------
                                      Name:  Terence R. Montgomery
                                      Title: Sr. Vice President & CFO

<PAGE>

                                    BLAIR PARK SERVICES, INC.

                                    By: /s/ Terence R. Montgomery
                                        ------------------------------
                                    Name:  Terence R. Montgomery
                                    Title: Sr. Vice President & CFO

                                    OSP CONSULTANTS, INC.

                                    By: /s/ Terence R. Montgomery
                                        ------------------------------
                                    Name:  Terence R. Montgomery
                                    Title: Sr. Vice President & CFO

                                    INTERNATIONAL COMMUNICATIONS SERVICES, INC.

                                    By: /s/ Terence R. Montgomery
                                        ------------------------------
                                    Name:  Terence R. Montgomery
                                    Title: Sr. Vice President & CFO

                                    OSP, INC.

                                    By: /s/ Terence R. Montgomery
                                        ------------------------------
                                    Name:  Terence R. Montgomery
                                    Title: Sr. Vice President & CFO

                                    OSP TELCOM, INC.

                                    By: /s/ Terence R. Montgomery
                                        ------------------------------
                                    Name:  Terence R. Montgomery
                                    Title: Sr. Vice President & CFO

                                    RJE TELECOM, INC.

                                    By: /s/ Terence R. Montgomery
                                        ------------------------------
                                    Name:  Terence R. Montgomery
                                    Title: Sr. Vice President & CFO

                                    SUNESYS, INC.

                                    By: /s/ Terence R. Montgomery
                                        ------------------------------
                                    Name:  Terence R. Montgomery
                                    Title: Sr. Vice President & CFO

                                       41
<PAGE>

                                    SUNESYS OF VIRGINIA, INC.

                                    By: /s/ Terence R. Montgomery
                                        ------------------------------
                                    Name:  Terence R. Montgomery
                                    Title: Sr. Vice President & CFO

                                    CHOWNS, INC.

                                    By: /s/ Terence R. Montgomery
                                        ------------------------------
                                    Name:  Terence R. Montgomery
                                    Title: Sr. Vice President & CFO

                                    TRINITY INDUSTRIES, INC.

                                    By: /s/ Terence R. Montgomery
                                        ------------------------------
                                    Name:  Terence R. Montgomery
                                    Title: Sr. Vice President & CFO

                                    INFRASOURCE UNDERGROUND SERVICES, INC.

                                    By: /s/ Terence R. Montgomery
                                        ------------------------------
                                    Name:  Terence R. Montgomery
                                    Title: Sr. Vice President & CFO

                                    INFRASOURCE POWER, LLC

                                    By: /s/ Terence R. Montgomery
                                        ------------------------------
                                    Name:  Terence R. Montgomery
                                    Title: Sr. Vice President & CFO

                                    INFRASOURCE UNDERGROUND INSTALLATION, LLC

                                    By: /s/ Terence R. Montgomery
                                        ------------------------------
                                    Name:  Terence R. Montgomery
                                    Title: Sr. Vice President & CFO

                                    MECHANICAL SPECIALTIES, INCORPORATED

                                    By: /s/ Terence R. Montgomery
                                        ------------------------------
                                    Name:  Terence R. Montgomery
                                    Title: Sr. Vice President & CFO

                                       42
<PAGE>

                           INFRASOURCE MID-ATLANTIC INC.

                           By: /s/ Terence R. Montgomery
                               ------------------------------
                           Name:  Terence R. Montgomery
                           Title: Sr. Vice President & CFO

                           INFRASOURCE UNDERGROUND CONSTRUCTION SERVICES, LLC

                           By: /s/ Terence R. Montgomery
                               ------------------------------
                           Name:  Terence R. Montgomery
                           Title: Sr. Vice President & CFO

                           INFRASOURCE UNDERGROUND
                           CONSTRUCTION, INC.

                           By: /s/ Terence R. Montgomery
                               ------------------------------
                           Name:  Terence R. Montgomery
                           Title: Sr. Vice President & CFO

                           INFRASOURCE UNDERGROUND CONSTRUCTION, LLC

                           By: /s/ Terence R. Montgomery
                               ------------------------------
                           Name:  Terence R. Montgomery
                           Title: Sr. Vice President & CFO

                           MASLONKA & ASSOCIATES, INC.

                           By: /s/ Terence R. Montgomery
                               ------------------------------
                           Name:  Terence R. Montgomery
                           Title: Sr. Vice President & CFO

                           UTILITY LOCATE & MAPPING SERVICES, INC.

                           By: /s/ Terence R. Montgomery
                               ------------------------------
                           Name:  Terence R. Montgomery
                           Title: Sr. Vice President & CFO

                           INFRASOURCE UNDERGROUND CONSTRUCTION CALIFORNIA, INC.

                           By: /s/ Terence R. Montgomery
                               ------------------------------
                           Name:  Terence R. Montgomery
                           Title: Sr. Vice President & CFO

                                       43
<PAGE>

                                    INFRASOURCE CONCRETE & PAVING SERVICES, LLC

                                    By: /s/ Terence R. Montgomery
                                        ------------------------------
                                    Name:  Terence R. Montgomery
                                    Title: Sr. Vice President & CFO

                                       44

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