Document:

Fifth Amendment to Second Amended and Restated Credit Agreement

 Exhibit 10.1 
 EXECUTION VERSION 
 FIFTH AMENDMENT TO

 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
 FIFTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (hereinafter referred to as the “Amendment”) is dated as of
October 1, 2009, by and among EXCO RESOURCES, INC. (“Borrower”), CERTAIN SUBSIDIARIES OF BORROWER, as Guarantors (the “Guarantors”), the LENDERS party hereto (the “Lenders”), and JPMORGAN CHASE
BANK, N.A., as Administrative Agent (“Administrative Agent”). Unless the context otherwise requires or unless otherwise expressly defined herein, capitalized terms used but not defined in this Amendment have the meanings assigned to
such terms in the Credit Agreement (as defined below). 
 WITNESSETH: 
 WHEREAS, Borrower, Guarantors, Administrative Agent and Lenders have entered into that certain Second Amended and Restated Credit
Agreement dated as of May 2, 2007, as amended by that certain First Amendment to Second Amended and Restated Credit Agreement dated as of February 20, 2008, that certain Second Amendment to Second Amended and Restated Credit Agreement
dated as of July 14, 2008, that certain Third Amendment to Second Amended and Restated Credit Agreement dated as of February 4, 2009 and that certain Fourth Amendment to Second Amended and Restated Credit Agreement dated as of
April 17, 2009 (as the same may be further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); and 
 WHEREAS, Administrative Agent, Lenders, Borrower and Guarantors desire to amend the Credit Agreement as provided herein upon the terms and conditions set forth herein. 
 NOW, THEREFORE, for and in consideration of the mutual covenants and agreements herein contained and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged and confessed, Borrower, Guarantors, Administrative Agent and the Lenders hereby agree as follows: 
 SECTION 1. Amendments to Credit Agreement. Subject to the satisfaction or waiver in writing of each condition precedent set forth in Section 2 hereof, and in reliance on
the representations, warranties, covenants and agreements contained in this Amendment, the Credit Agreement shall be amended in the manner provided in this Section 1. 
 1.1 Financial Statements. Clause (f) of Section 6.01 of the Credit Agreement shall be and it hereby is
amended and restated in its entirety to read as follows: 
 (f) together with the Reserve
Reports required under clause (e) above, a report, in reasonable detail, setting forth the Swap Agreements then in effect, the notional volumes of and prices for, on a monthly basis and in the aggregate, the Crude Oil and Natural Gas for each
such Swap Agreement and the term of each such Swap Agreement; 
 1.2 Restricted Payments.
Section 7.06 of the Credit Agreement shall be and it hereby is amended and restated in its entirety to read as follows: 
  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Page 1 

 Section 7.06. Restricted Payments. The
Borrower will not, nor will it permit any of its Restricted Subsidiaries to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except that (a) the Borrower may declare and make Restricted Payments with
respect to its Equity Interests payable solely in its Equity Interests (other than Disqualified Stock), (b) the Borrower may make Restricted Payments pursuant to and in accordance with stock option plans or other benefit plans for management or
employees of the Borrower and its Restricted Subsidiaries in an aggregate amount not to exceed $2,000,000 in any fiscal year, (c) any Restricted Subsidiary may make Restricted Payments to the Borrower or any Guarantor; provided that no Default
has occurred and is continuing or would result from the making of such Restricted Payment, and (d) the Borrower may declare and pay cash dividends to the holders of its common stock; provided that on the date of and after giving effect to any
such Restricted Payment, (i) no Default has occurred and is continuing, (ii) the aggregate amount of such cash dividends declared and paid in any period of four consecutive fiscal quarters shall not exceed $50,000,000, (iii) the
Aggregate Commitment exceeds Aggregate Credit Exposure by an amount equal to or greater than ten percent (10%) of the Borrowing Base, and (iv) such Restricted Payment is permitted under the terms of the Indenture. 
 SECTION 2. Conditions. The amendments to the Credit Agreement contained in Section 1 of this Amendment shall be effective
upon the satisfaction of each of the conditions set forth in this Section 2. 
 2.1 Execution and
Delivery. Each Credit Party, the Majority Lenders and the Administrative Agent shall have executed and delivered this Amendment. 
 2.2 No Default. No Default or Event of Default shall have occurred and be continuing or shall result after giving effect to this Amendment. 
 2.3 Other Documents. The Administrative Agent shall have received such other instruments and documents incidental and appropriate to the transaction provided for herein as the Administrative
Agent or its special counsel may reasonably request, and all such documents shall be in form and substance satisfactory to the Administrative Agent. 
 SECTION 3. Representations and Warranties of Borrower. To induce the Lenders to enter into this Amendment, each Credit Party hereby represents and warrants to the Lenders as follows: 
 3.1 Reaffirmation of Representations and Warranties/Further Assurances. After giving effect to the amendments herein, each
representation and warranty of such Credit Party contained in the Credit Agreement or in any other Loan Document is true and correct in all material respects on the date hereof (except to the extent such representations and warranties relate solely
to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such date). 
  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Page 2 

 3.2 Corporate Authority; No Conflicts. The execution, delivery and performance
by such Credit Party of this Amendment and all documents, instruments and agreements contemplated herein are within such Credit Party’s corporate or other organizational powers, have been duly authorized by all necessary action, require no
action by or in respect of, or filing with, any court or agency of government and do not violate or constitute a default under any provision of any applicable law or other agreements binding upon such Credit Party or result in the creation or
imposition of any Lien upon any of the assets of such Credit Party except for Liens permitted under Section 7.02 of the Credit Agreement. 
 3.3 Enforceability. This Amendment has been duly executed and delivered by each Credit Party and constitutes the valid and binding obligation of such Credit Party enforceable in accordance
with its terms, except as (i) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditor’s rights generally, and (ii) the availability of equitable remedies may be limited by equitable
principles of general application. 
 3.4 No Default. As of the date of this Amendment, both before and
immediately after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing. 
 SECTION 4.
Miscellaneous. 
 4.1 Reaffirmation of Loan Documents and Liens. Except as amended and modified
hereby, any and all of the terms and provisions of the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby in all respects ratified and confirmed by each Credit Party. Each Credit Party hereby agrees
that the amendments and modifications herein contained shall in no manner affect or impair the liabilities, duties and obligations of any Credit Party under the Credit Agreement and the other Loan Documents or the Liens securing the payment and
performance thereof. 
 4.2 Parties in Interest. All of the terms and provisions of this Amendment shall bind and
inure to the benefit of the parties hereto and their respective successors and assigns. 
 4.3 Legal Expenses.
Each Credit Party hereby agrees to pay all reasonable fees and expenses of special counsel to the Administrative Agent incurred by the Administrative Agent in connection with the preparation, negotiation and execution of this Amendment and all
related documents. 
 4.4 Counterparts. This Amendment may be executed in one or more counterparts and by
different parties hereto in separate counterparts each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from
multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document. Delivery of photocopies of the signature pages to this Amendment by facsimile or electronic mail shall be
effective as delivery of manually executed counterparts of this Amendment. 
 4.5 Complete Agreement. THIS
AMENDMENT, THE CREDIT AGREEMENT, AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Page 3 

 
BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
 4.6 Headings. The headings, captions and arrangements used in this Amendment are, unless specified otherwise, for convenience
only and shall not be deemed to limit, amplify or modify the terms of this Amendment, nor affect the meaning thereof. 
 4.7 Severability. Any provision of this Amendment held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability
without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
 4.8 Governing Law. This Amendment shall be construed in accordance with and governed by the laws of the State of New York.

 [Signature Pages Follow] 
  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Page 4 

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

			
	 BORROWER:
  
 EXCO RESOURCES, INC.

		
	By:	 	/s/ J. Douglas Ramsey, Ph.D.
	Name:	 	J. Douglas Ramsey, Ph.D.
	Title:	 	Vice President – Finance

  

	
	 Address for Notices:
  
 EXCO Resources, Inc.
 12377 Merit Drive, Suite 1700

 Dallas, Texas 75251
 Facsimile
No. 214-368-2087
 Attn: Douglas H. Miller
           Chief Executive Officer
  
 and
  
 Attn: J. Douglas Ramsey
           Vice President – Finance
  
 GUARANTORS:
  
 EXCO – NORTH COAST ENERGY, INC.
  
 EXCO – NORTH COAST ENERGY
 EASTERN, INC.
  
 EXCO SERVICES, INC.
  
 EXCO MIDCONTINENT MLP, LLC

			
		
	By:	 	/s/ J. Douglas Ramsey, Ph.D.
	Name:	 	J. Douglas Ramsey, Ph.D.
	Title:	 	 Vice President – Finance
 for each of the Credit Parties listed above

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 JPMORGAN CHASE BANK, N.A.,
 as a Lender and as Administrative Agent, Swingline Lender and Issuing Bank

		
	By:	 	/s/ Kimberly A. Bourgeois
	Name:	 	Kimberly A. Bourgeois
	Title:	 	Senior Vice President

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 UBS LOAN FINANCE LLC
 as a Lender

		
	By:	 	/s/ Mary E. Evans
	Name:	 	Mary E. Evans
	Title:	 	 Associate Director Banking Products
 Services, US

  

			
		
	By:	 	/s/ Irja R. Otsa
	Name:	 	Irja R. Otsa
	Title:	 	 Associate Director Banking Products
 Services, US

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 CREDIT SUISSE, CAYMAN ISLANDS BRANCH
 as a Lender

		
	By:	 	/s/ Nupur Kumar
	Name:	 	Nupur Kumar
	Title:	 	Vice President

			
		
	By:	 	/s/ Kevin Buddhdew
	Name:	 	Kevin Buddhdew
	Title:	 	Associate

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 BNP PARIBAS
 as a Lender

		
	By:	 	/s/ David Dodd
	Name:	 	David Dodd
	Title:	 	Managing Director
		
	By:	 	/s/ Russell Otts
	Name:	 	Russell Otts
	Title:	 	Director

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 KEYBANK NATIONAL ASSOCIATION
 as a Lender

		
	By:	 	/s/ Angela McCracken
	Name:	 	Angela McCracken
	Title:	 	Senior Vice President

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 NATIXIS
 as
a Lender

		
	By:	 	/s/ Donovan C. Broussard
		 	Donovan C. Broussard
		 	Managing Director
		
	By:	 	/s/ Liana Tchernysheva
		 	Liana Tchernysheva
		 	Director

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 ROYAL BANK OF CANADA
 as a Lender

		
	By:	 	/s/ Don J. McKinnerney
	Name:	 	Don J. McKinnerney
	Title:	 	Authorized Signatory

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 THE ROYAL BANK OF SCOTLAND PLC
 as a Lender

		
	By:	 	/s/ Mark Lumpkin, Jr
	Name:	 	Mark Lumpkin, Jr
	Title:	 	Vice President

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 STERLING BANK
 as a Lender

		
	By:	 	/s/ David W. Phillips
	Name:	 	David W. Phillips
	Title:	 	Senior Vice President

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 SUNTRUST BANK
 as a Lender

		
	By:	 	/s/ David Simpson
	Name:	 	David Simpson
	Title:	 	Vice President

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 SCOTIABANC, INC.
 as a Lender

		
	By:	 	/s/ J.F. Todd
	Name:	 	J.F. Todd
	Title:	 	Managing Director

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 WACHOVIA BANK NATIONAL ASSOCIATION
 as a Lender

		
	By:	 	/s/ Matt Coleman
	Name:	 	Matt Coleman
	Title:	 	Assistant Vice President

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 WELLS FARGO BANK, N.A.
 as a Lender

		
	By:	 	/s/ Matt Coleman
	Name:	 	Matt Coleman
	Title:	 	Assistant Vice President

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 BMO CAPITAL MARKETS FINANCING, INC.
 as a Lender

		
	By:	 	/s/ Gumaro Tijerina
	Name:	 	Gumaro Tijerina
	Title:	 	Director

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 ALLIED IRISH BANKS, P.L.C.
 as a Lender

		
	By:	 	/s/ Mark Connelly
	Name:	 	Mark Connelly
	Title:	 	SVP
		
	By:	 	/s/ James Giordano
	Name:	 	James Giordano
	Title:	 	A.V.P.

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 DEUTSCHE BANK TRUST COMPANY AMERICAS
 as a Lender

		
	By:	 	/s/ Scottye Lindsey
	Name:	 	Scottye Lindsey
	Title:	 	Director
		
	By:	 	/s/ Evelyn Thierry
	Name:	 	Evelyn Thierry
	Title:	 	Vice President

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 CALYON NEW YORK BRANCH
 as a Lender

		
	By:	 	/s/ Tom Byargeon
	Name:	 	Tom Byargeon
	Title:	 	Managing Director
		
	By:	 	/s/ Michael D. Willis
	Name:	 	Michael D. Willis
	Title:	 	Managing Director

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 COMERICA BANK
 as a Lender

		
	By:	 	/s/ Peter L. Sefzik
	Name:	 	Peter L. Sefzik
	Title:	 	Senior Vice President

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 BANK OF AMERICA
 as a Lender

		
	By:	 	/s/ Jeffrey H. Rathkamp
	Name:	 	Jeffrey H. Rathkamp
	Title:	 	Managing Director

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 GOLDMAN SACHS CREDIT PARTNERS L.P.
 as a Lender

		
	By:	 	/s/ Andrew Caditz
	Name:	 	Andrew Caditz
	Title:	 	Authorized Signatory

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 BARCLAYS BANK PLC
 as a Lender

		
	By:	 	/s/ Ritam Bhalla
	Name:	 	Ritam Bhalla
	Title:	 	Vice President

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 MORGAN STANLEY BANK, N.A.
 as a Lender

		
	By:	 	/s/ Ryan Vetsch
	Name:	 	Ryan Vetsch
	Title:	 	Authorized Signatory

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature Page

			
	 THE BANK OF NOVA SCOTIA
 as a Lender

		
	By:	 	/s/ Michael Roberts
	Name:	 	Michael Roberts
	Title:	 	Director

  

 Fifth Amendment to Second Amended and Restated Credit Agreement – Signature PageAgreement for Sale and Purchase

 Exhibit 10.1 
 AGREEMENT FOR SALE AND PURCHASE 
 This contract for sale and purchase, hereinafter referred to as “Contract” or “Agreement”, is entered into this 29th day of September, 2009, by and between, American Commerce Solutions, Inc. , hereinafter referred to as “ACS”
or “Seller”, a Delaware corporation and Public Acquisition Company, Inc. a Florida corporation, hereinafter referred to as “PAC” or “Buyer”, 
 WITNESSETH: 
 WHEREAS, ACS is the owner of Chariot Manufacturing Company (Chariot) and certain property, situated and located in Hillsborough County, State of Florida, more particularly described in Exhibit “A” attached hereto and made a
part hereof, hereinafter referred to as the “Property”; and 
 WHEREAS, ACS is the owner of one hundred percent
(100%) of the issued and outstanding stock of Chariot Manufacturing Company; and 
 WHEREAS, Buyer desires to
purchase Seller’s stock and property and Seller desires to sell all of its stock and all of its assets, tangible and intangible including, but not limited to, all of its trademarks, logos, slogans, goodwill and blue sky and Seller desires to
sell all of its assets of whatever kind and form and where ever situate to Buyer; and 
 WHEREAS, The Seller warrants and
guarantees to Buyer that all of its assets are free and clear of all liens, encumbrances, claims and liabilities except those included by attachment of “Exhibit A”; 
 NOW THEREFORE, for good and valuable consideration and the mutual covenants and promises contained hereinafter, the Sellers agrees to
sell and the Buyer agrees to buy the “Property” of the Sellers upon the following terms and conditions. 
  

	 	1.	PURCHASE PRICE AND METHOD OF PAYMENT. Buyer shall pay and Seller shall accept the purchase price for the “Property” under the terms and conditions
and according to the payment schedule set forth in “Exhibit B” attached hereto and made a part hereof. 

  

	 	2.	CLOSING. The closing of the transactions contemplated by this agreement, hereinafter referred to as “The Closing”, shall be held at a mutually
agreeable time and place and made effective June 1, 2009. 

  

	 	3.	 REPRESENTATIONS AND WARRANTIES OF SELLER. Seller represents and warrants to Buyer the correctness, truthfulness and accuracy of the matters
shown on Exhibit “C” attached 

	 	 
hereto, all of which shall survive closing. In addition, Seller represents and warrants to Buyer that the documents enumerated in Exhibit “D” attached hereto and made a part hereof,
are true authentic and correct copies of the original, or, if appropriate, the originals themselves, and no alterations or modifications thereof have been made. 

  

	 	4.	TRANSACTIONS PRIOR TO CLOSING. 

 Seller hereby covenants the following: 
 a. Conduct of Seller’s
Business Until Closing. Except as Buyer may otherwise consent in writing prior to the Closing Date, Seller will not enter into any transaction, take any action or fail to take any action which would result in, or could reasonably be expected to
result in or cause any of the representations and warranties of Sellers contained in this Agreement to be void, invalid or false on the Closing Date. 
 b. Resignations. Seller shall deliver to Buyer, prior to the closing Date, such resignations of officers or employees of the business as Buyer shall indicate, each such resignation to be effective on
the Closing Date. 
 c. Advice of Changes. Between the date hereof and the closing Date, Seller will promptly advise
Buyer in writing of any fact which, if existing or known at the date hereof, would have been required to be set forth herein or disclosed pursuant to this Agreement. 
 d. Documents. Seller shall deliver to Buyer, at closing, such documents which are, in Buyer’s sole discretion, necessary to fully satisfy the objectives of this Agreement in content and form
reasonably intended to do so. 
 e. Satisfactions. Seller shall deliver to Buyer on the closing date a satisfaction of
any encumbrances or liens on the property satisfactory in form and substance to the Buyer stating that the then outstanding unpaid principal balance of any promissory note secured thereby has been aid in full prior to or simultaneous with the
closing or in the alternative a requisite offset to the Purchase Price. 
  

	 	5.	EXPENSES. Each of the parties hereto shall pay its own expenses in connection with this Agreement and the transactions contemplated hereby, including the fees
and expenses of it’s counsel and its certified public accountants. 

	 	6.	GENERAL 

 a.
Survival of Representations and Warranties. Each of the parties to this Agreement covenants and agrees that their respective representations, warranties, covenants, statements, and agreements contained in this Agreement shall survive the Closing
Date and terminate on the second anniversary of such date. Except as set forth in this Agreement, the exhibits hereto or in the documents and papers delivered by Sellers to Buyer in connection herewith, there are no other agreements,
representations, warranties, or covenants by or among the parties hereto with respect to the subject matter hereof. 
 b.
Waivers. No action taken pursuant to this agreement, including any investigation by or on behalf of any party shall be deemed to constitute a waiver by the party taking such action of compliance with any representation, warranty, covenant or
agreement contained herein or therein and in any documents delivered in connection herewith or therewith. The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent
breach. 
 c. Notices. All notices, requests, demands and other communications which are required or may be given under
this Agreement shall be in writing and shall be deemed to have been duly given if delivered or mailed, first class mail, postage prepaid, 
  

			
	 1400 Chamber Drive
 Bartow, Florida 33830
 To Seller:                     Att: Daniel L. Hefner
                    
  
 9401 Oak Street
 Riverview, Florida 33659
 To Buyer:
                    Att: Kenneth McCleave                
or

 to such other address as such party shall have specified by notice in writing to
the other party. 

 d. Sections and Other Headings. The sections and other headings contained in this
Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement. 
 e.
Governing Law. This Agreement and all transactions hereby, shall be governed by, construed and enforced in accordance with the laws of the State of Florida. he parties herein waive trial by jury and agree to submit to the personal jurisdiction and
venue of a court of competent jurisdiction located in Hillsborough County, State of Florida. In the event that litigation results from or arises out of this Agreement or the performance thereof, the parties agree to reimburse the prevailing
party’s reasonable attorney’s fees, court costs, and all other expenses, whether or not taxable by the court as costs, in addition to any other relief to which the prevailing party may be entitled. In such event, no action shall be
entertained by said court or any court of competent jurisdiction if filed more than one year subsequent to the date the cause(s) of action actually accrued regardless of whether damages were otherwise as of said time calculable. 
 f. Conditions Precedent. The Conditions Precedent to the enforceability of this Agreement have been met or are hereinafter waived. 

 g. Captions. The Captions of this contract are for convenience and reference only and in no way define, describe, extend,
or limit the scope or intent of this contract, or the intent of any provisions hereof. 
 h. Typewritten or Handwritten
Provisions. Hand-written provisions inserted in this contract and typewritten provisions initialed by both parties shall control over the typewritten provisions in conflict therewith. 
 i. Time of the Essence. Time and timely performance are of the essence of this contract and of the covenants and provisions hereunder.

 j. Successors and Assigns. Rights and obligations created by this contract shall. Be binding upon and inure to the
benefit of the parties hereto, their successors and assigns. Whenever used, the singular number shall include the plural, the plural the singular, and the use of any gender shall include all genders. 

 k. Contractual Procedures. Unless specifically disallowed by law, should litigation
arise hereunder, service of process therefore may be obtained through certified mail, return receipt requested; the parties hereto waiving any and all rights they may have to object to the method by which service was perfected. 
 l. Amendments or Addenda. All amendments to this Agreement shall be in writing and signed by the parties to this Agreement.

 m. Entire Agreement. This document represents the entire agreement between the parties. 
 n. Initials and Exhibits. This contract shall not be valid and enforceable unless it is properly executed by Buyer and Seller and their
initials affixed to each page of the exhibits attached hereto and made a part hereof. 
 IN WITNESS WHEREOF, this Agreement has been
executed by each of the individual parties hereto and signed by an officer thereunto duly authorized and attested under the corporate seal of the Secretary of the Corporate party hereto, all on the date and year first above written. 

Signed, sealed and delivered in the presence of: 
  

			
	SELLER:
	
	AMERICAN COMMERCE SOLUTIONS, INC.
		
	BY:	 	/S/    DANIEL L.
HEFNER        
		 	Daniel L. Hefner
	TITLE:	 	President
	
	BUYER:
	
	PUBLIC ACQUISITION COMPANY, INC.
		
	BY:	 	/S/    KENNETH W.
MCCLEAVE        
		 	Kenneth W. McCleave
	TITLE:	 	President

 EXHIBIT “A” 
 Chariot Manufacturing Company 
 PROPERTY/ASSETS
DESCRIPTION 
 as of May 31, 2009 
  

	1.	100% of the stock of Chariot Manufacturing Company whether authorized and unissued, or issued and outstanding. 

  

	2.	All forms of intellectual property of whatsoever type or description. 

  

	3.	Molds, plugs and parts. 

  

	4.	Jigs 

  

	5.	Hoist system with cradle 

  

	6.	Die 

  

	7.	Aluminum 

  

	8.	Gel systems 

  

	9.	sand paper inventory 

  

	10.	37 foot trailer 

  

	11.	Computer with printer 

  

	12.	Miscellaneous tools and materials 

  

	13.	VIN # Machine 

  

	14.	Manufacturing software 

  

	15.	Website. 

  

	16.	Slogans 

  

	17.	Customer files 

  

	18.	Photo book 

  

	19.	Advertising materials 

  

	20.	Vendor files 

  

	21.	Potential customer contacts and leads 

  

	22.	Trademarks 

  

	23.	Customer lists 

  

	24.	Current orders, if any (including deposits held) 

  

	25.	Telephone #s 

  

	26.	Contact introductions 

  

	27.	All other unspecified property of Chariot Manufacturing Company, Inc. including, but not limited to, any real or personal property, tangible or intangible property,
which may include without limitation, bank accounts, account receivables, promissory or other notes payable to Chariot. 

  

	28.	Goodwill and Blue Sky (valued at zero). 

  

	29.	Checking account with zero balance. 

 EXHIBIT “B” 
 PURCHASE TERMS: 
 Purchase Price; $2,000,000 

 A). ACS Assignment and PAC Acceptance of Notes Payable as follows : ( see Exhibit D) 
  

			
	 DUE TO ACS
	  	297,703.64
		
	 ACCRUED EXPENSES HEFNER
	  	2,796.71
	 OTHER PAYABLE - AMOUR
	  	5,672.20
	 OTHER PAYABLE - NIMBLE BOAT
	  	5,844.39
	 OTHER PAYABLE - PAC
	  	36,786.31
	 NP - ICF 15%
	  	24,763.82
	 NP - AFGP 8%
	  	16,007.38
	 NP - HEFNER, DANIEL FLAT RATE
	  	400.00
	 NP - HEFNER, DANIEL 8%
	  	30,786.52
	 NP ICF (EQUITY LINE)
	  	65,040.07
	 NP - AMOUR/MCCLEAVE 10%
	  	14,323.45
	 NP - ICF (FLAT RATE)
	  	5,449.57
	 NP - MAXWELL, BARBARA 12%
	  	8,951.02
	 NP - MCCLEAVE, KENNETH 8%
	  	8,820.43
	 NP - PAC 10%
	  	152,405.62
	 NP - MCCLEAVE, KENNETH
	  	21,215.69
	 NP - BILLINGS, 20% FLAT RATE
	  	15,600.00
	 NP - BILLINGS 10.99%
	  	16,153.54
	 NP - HERMAN, JUSTIN 8.5%
	  	28,705.09
		
	 DEFERRED REVENUE HEFNER (ESSENTIAL PROPERTY MAINT.)
	  	2,000.00
		  	 
	 TOTALS
	  	759,425.45

 B). $230,782.23 in trade payables assumed by PAC with indemnification to ACS.
(Exhibit “E” attached) 

 C). A Promissory Note for the balance of $1,009,792.32 will be given by PAC to ACS due
and payable on or before September 14, 2010. 
 1). The Note shall not bear interest. 
 2). The Note shall be assignable. 
 3). The Note may be prepaid in cash, assignment of assets or restricted stock of (OTC:BB:AFBG) as ACS may be inclined to accept. 
 4). In the event that payment in full is not made on or before the maturity date, the Note shall become interest bearing at 6% per
annum as of September 15, 2010 or may be converted to restricted stated value stock in AFBG at $1.50 per at the sole option of PAC. 
 INITIALS: SELLER                  BUYER
                 

 Exhibit “C” 
 REPRESENTATIONS AND WARRANTS OF THE SELLER: 
  

	 	1.	THAT THERE ARE NO UNDISCLOSED TAXES, LIENS, ENCUMBERANCES, ASSESSMENTS, JUDGEMENTS OR CLAIMS FILED, PENDING OR CONTEMPLATED OF WHICH SELLERS HAVE KNOWLEDGE, AND
SELLER AGREES TO INDEMNIFY AND DEFEND BUYER AGAINST ANY OF THE SAME ARISING OUT OF ANY ACTION OF THE SELLER PRIOR TO THE DAY OF CLOSING. 

  

	 	2.	THAT THEY HAVE IDENTIFIED AND CONVEYED ALL ASSETS OF CHARIOT MANUFACTURING COMPANY TO THE BUYER. 

  

	 	3.	THAT ACCESS WILL BE PROVIDED TO THE OFFICIAL CORPORATE MINUTE BOOK AND A LIST OF ALL COMMON AND PREFERRED STOCKHOLDERS OF THE COMPANY. 

 

	 	4.	THAT THE SELLERS WILL PROVIDE CERTIFICATES REPRESENTING 100% OF THE OWNERSHIP OF THIS STOCK, AT CLOSING PROPERLY ENDORSED TO THE BUYER OR BUYER’S DESIGNEE. 

  

	 	5.	CLOSING WILL BE ON OR BEFORE SEPTEMBER 30, 2009 WITH AN EFFECTIVE DATE OF JUNE 1, 2009, INCLUSIVE. 

 Exhibit “D” 
 Assignment and Acceptance 
 of Notes Payable 

 For value received in the form of a $759,425.45 credit toward the purchase price of Chariot Manufacturing Company by Public Acquisition
Company, Inc. (PAC), PAC does hereby accept assignment of the following notes payable: 
  

				
	 DUE TO ACS
	  	 	297,703.64
		
	 ACCRUED EXPENSES HEFNER
	  	 	2,796.71
	 OTHER PAYABLE - AMOUR
	  	 	5,672.20
	 OTHER PAYABLE - NIMBLE BOAT
	  	 	5,844.39
	 OTHER PAYABLE - PAC
	  	 	36,786.31
	 NP - ICF 15%
	  	 	24,763.82
	 NP - AFGP 8%
	  	 	16,007.38
	 NP - HEFNER, DANIEL FLAT RATE
	  	 	400.00
	 NP - HEFNER, DANIEL 8%
	  	 	30,786.52
	 NP ICF (EQUITY LINE)
	  	 	65,040.07
	 NP - AMOUR/MCCLEAVE 10%
	  	 	14,323.45
	 NP - ICF (FLAT RATE)
	  	 	5,449.57
	 NP - MAXWELL, BARBARA 12%
	  	 	8,951.02
	 NP - MCCLEAVE, KENNETH 8%
	  	 	8,820.43
	 NP - PAC 10%
	  	 	152,405.62
	 NP - MCCLEAVE, KENNETH
	  	 	21,215.69
	 NP - BILLINGS, 20% FLAT RATE
	  	 	15,600.00
	 NP - BILLINGS 10.99%
	  	 	16,153.54
	 NP - HERMAN, JUSTIN 8.5%
	  	 	28,705.09
		
	 DEFERRED REVENUE HEFNER (ESSENTIAL PROPERTY MAINT.)
	  	 	2,000.00
		  	 	 
	 TOTALS
	  	$	759,425.45

 These Notes Payable include accrued interest through 05/31/09, as well as all obligations and
commitments made therein. 
 It is acknowledged that transfer of this obligation includes payment by Public Acquisition Company, Inc. to
each payee, all sums as they may come due and payable under terms as they may be negotiated simultaneous to this assignment. 

 Note Holder, by signature affixed below, agrees to allow the assignment of the referenced Note and
forever relieve American Commerce Solutions, Inc. from any and all obligations under these Notes. 
 Public Acquisition Company, Inc.
further agrees that it will indemnify and defend American Commerce Solutions, Inc. against any and all claims that may be brought against the company, its officers , directors or employees etc. by the Note Holders under the terms and obligations of
these Notes. 
 American Commerce Solutions, Inc. and Chariot agrees to indemnify and defend Public Acquisition Company, Inc. against
claims by anyone else claiming rights or ownership under this Note. 
 In the event of any dispute, this agreement will be construed and
adjudicated under the laws of the State of Florida. 
 This is the entire agreement between the parties. No obligations or promises have
been made outside of this agreement. 
 Signatures affixed below are acknowledgement and acceptance of the terms and
conditions stated above and made effective the 14th day of
September 2009. 
  

									
	ICF (Payee)	 		 	Public Acquisition Company, Inc. (assignee)
					
	By:	 	/S/    ROBERT E. MAXWELL,
SR.        	 		 	By:	 	/S/    KENNETH W.
MCCLEAVE        
		 	Robert E. Maxwell, Sr.	 		 		 	Kenneth W. McCleave
		 		 		 		 	President
			
	Nimble Boats (Payee)	 		 	American Commerce Solutions, Inc.
		 		 		 	(Debtor)
					
	By:	 	/S/    KENNETH W.
MCCLEAVE        	 		 	By:	 	/S/    DANIEL L.
HEFNER        
		 	Kenneth W. McCleave	 		 		 	Daniel L. Hefner CEO

									
	Kenneth W. McCleave (Payee)	 		 	AFGP/Amour Fiber Core
	PAC (Payee)	 		 	(Payees)
					
	By:	 	/S/    KENNETH W.
MCCLEAVE        	 		 	By:	 	/S/    DANIEL L.
HEFNER        
		 	Kenneth W. McCleave	 		 		 	Daniel L. Hefner
			
	Daniel L. Hefner (Payee)	 		 	James Billings (Payee)
					
	By:	 	/S/    DANIEL L.
HEFNER        	 		 	By:	 	/S/    JAMES
BILLINGS        
		 	Daniel L. Hefner	 		 		 	James Billings
				
	Justin Herman (Payee)	 		 		 	
					
	By:	 	/S/    JUSTIN
HERMAN        	 		 		 	
		 	Justin Herman	 		 		 	

 Exhibit E 
 Acceptance of Responsibility 
 for Trades Payable

 For value received, Public Acquisition Company, Inc. (PAC) does hereby accept responsibility for trades payable as of May 31,
2009 from American Commerce Solutions , Inc. a/k/a Chariot Manufacturing Company in favor of various vendors in the principal amount of $230,782.23 together with accrued interest or penalties that my be associated, as well as all obligations and
commitments made to those vendors as revealed at or before closing. 
 It is acknowledged that transfer of these obligations includes
payment by PAC to those vendors all sums as they may come due and payable under terms as they may be negotiated simultaneous to this assignment. 
 American Commerce Solutions, Inc., by signature affixed below, agrees to allow the assignment of the trades payable at 100% as credit against the purchase of Chariot Manufacturing Company and forever relieve American Commerce Solutions,
Inc. from any and all obligations based upon these debts. 
 PAC further agrees that it will indemnify and defend ACS against any and all
claims that may be brought against the company, its officers, directors or employees etc. by the Noteholder under the terms and obligations of the Note. 
 In the event of any dispute, this agreement will be construed and adjudicated under the laws of the State of Florida. 

 This is the entire agreement between the parties. No obligations or promises have been made outside of
this agreement. 
 Signatures affixed below are acknowledgement and acceptance of the terms and conditions stated
above and made effective the 15th day of September, 2009.

  

									
	American Commerce Solutions, Inc.	 		 	Public Acquisition Company, Inc.
					
	By:	 	/S/    DANIEL L.
HEFNER        	 		 	By:	 	/S/    KENNETH W.
MCCLEAVE        
		 	Daniel L. Hefner	 		 		 	Kenneth W. McCleave
		 	President	 		 		 	President

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