Document:

SECURED PROMISSORY NOTE

$ 537,500.00                                                    Denver, Colorado
                                                              September 13, 1999

                  FOR VALUE RECEIVED,  Robert G. Blatz (the "Borrower"),  hereby
promises to pay to the order of Asset Investors Operating  Partnership,  L.P., a
Delaware limited  partnership (the "Lender"),  the principal sum of FIVE HUNDRED
THIRTY-SEVEN  THOUSAND  FIVE HUNDRED AND 00/100  DOLLARS  ($537,500),  in lawful
money of the United  States of America,  on September  12, 2009 (the  "Repayment
Date"), together with accrued and unpaid interest thereon from the date hereof.

                  1. Interest Rate.  The  outstanding  principal  amount of this
Note, together with all accrued and unpaid interest thereon, shall bear interest
at a rate per annum equal to 7.50%.

                  2. Interest  Payments.  Interest payments on the Note shall be
payable  quarterly  on March 1, June 1,  September 1 and December 1 of each year
through the Repayment Date.  Interest shall be calculated on the basis of a year
comprised of twelve (12) thirty (30) day months. Each payment on this Note shall
be credited  first to interest on past due interest,  then to past due interest,
then to accrued interest and then to principal.

                  3. Method of Payment.  All payments hereunder shall be made by
check at 3410 S. Galena Street,  Suite 210,  Denver,  Colorado 80231, or at such
other place as the Lender shall  designate  to the  Borrower in writing.  If any
payment of  principal  or  interest  on this Note is due on a day which is not a
Business Day, such payment shall be due on the next succeeding Business Day, and
such extension of time shall be taken into account in calculating  the amount of
interest  payable  under  this Note.  "Business  Day" means any day other than a
Saturday, Sunday or legal holiday in the State of Colorado.

                  4. Prepayment. The Borrower shall have the right to prepay the
principal  amount hereof in full or in part,  together with all accrued interest
on the  amount  prepaid  to the date of such  prepayment,  at any  time  without
penalty.

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                  5.  Termination  of  Employment.  Upon the  occurrence  of the
termination  for any reason of the Borrower's  employment with the Lender or its
affiliates (a  "Termination  Event"),  the Lender shall, by notice in writing to
the  Borrower,  declare this Note and the  principal of and accrued  interest on
this Note and all other  charges  owing to the  Lender to be, and the same shall
upon  such  notice  forthwith  become,  due and  payable  on the  thirtieth  day
following such Termination Event;  provided,  however, that, if such Termination
Event occurs on or after a Change in Control (as defined  herein),  such amounts
shall not be due and  payable  prior to the last day of the  twelve  (12)  month
period following such Termination Event.

                  6.  Security.  Pursuant to the Security and Pledge  Agreement,
dated as of the date  hereof  (the  "Security  Agreement"),  by and  between the
Lender and the Borrower,  the obligations of the Borrower  hereunder are secured
by the Collateral (as defined in the Security Agreement), and the holder of this
Note is entitled to the benefits of the Collateral.

                  7.  Limited   Recourse.   Except  for  recourse   against  the
Collateral  as provided in the Security and Pledge  Agreement,  recourse for the
payment of the  principal  of or  interest  on this Note or for any claim  based
hereon (including costs of collection)  against the Borrower shall be limited to
an amount equal to (a) 25% of the original  principal  amount of this Note, less
(b) any  prepayments  of the  principal  amount of this Note,  all  liability in
excess  of  such  amount  being,  by the  acceptance  hereof  and as part of the
consideration for the issue hereof, expressly waived and released.

                  8.  Events of  Default.  Each of the  following  events  shall
constitute  an "Event of Default"  hereunder  (whether it shall be  voluntary or
involuntary or occur or be effected by operation of law or  otherwise):  (a) the
Borrower's  failure to pay,  within 15 days after the date when such  payment is
due,  any payment of  principal  or interest  on this Note;  (b) the  Borrower's
failure to observe or perform any covenant or  agreement  contained in this Note
(other than that set forth in clause (a) above) or the Security  Agreement;  (c)
if any  representa  tion,  warranty,  certification  or  statement  made  by the
Borrower in this Note,  the Security  Agreement or in any  certificate  or other
document  delivered  pursuant to this Note or the Security Agreement shall prove
to have been incorrect in any material respect when made or deemed made; (d) the
insolvency of the Borrower;  (e) the  appointment  of a receiver or a trustee of
all or part of the Borrower's property; (f) an assignment for the benefit of the
Borrower's creditors; (g) the

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<PAGE>

filing of a petition in bankruptcy by or against the Borrower;  (h) the commence
ment of any  proceeding  by or against  the  Borrower  under any  bankruptcy  or
insolvency law or any law relating to the relief of debtors or  readjustment  of
indebtedness;   (i)  the  appointment  of  a  receiver,  custodian,  trustee  or
liquidator  for any part of the  assets or  property  of the  Borrower;  (j) the
failure of the  Borrower  generally  to pay his or her debts as they become due;
and (k) the failure of the Lender to have a first priority  security interest in
the Collateral.

                  9.       Remedies.

                  (a) Upon the occurrence of any Event of Default, the holder of
this Note may, by notice in writing to the  Borrower,  declare this Note and the
principal of and accrued  interest on this Note and all other  charges  owing to
the Lender to be, and the same shall upon such notice forthwith become,  due and
payable.  Upon the  occurrence  of an Event of Default,  the holder of this Note
may, in addition to all rights and remedies available to it at law, exercise any
or all of its rights under the Security Agreement.

                  (b) No  failure  or  delay  by the  holder  of  this  Note  in
exercising any remedy, right, power or privilege under this Note or the Security
Agreement shall operate as a waiver of such remedy,  right,  power or privilege,
nor shall  any  single or  partial  exercise  of such  remedy,  right,  power or
privilege preclude any other or further exercise of such remedy, right, power or
privilege.  No remedy,  right, power or privilege  conferred upon or reserved to
the holder of this Note by this Note or the Security Agreement is intended to be
exclusive of any other remedy,  right,  power or privilege provided or permitted
by this Note, the Security Agreement or by law, but each shall be cumulative and
in addition to every other  remedy,  right,  power or  privilege  so provided or
permitted and each may be exer cised  concurrently or independently from time to
time and as often as may be deemed  expedient  by the holder of this  Note.  Any
provision of this Note which is prohibited or unenforceable shall be ineffective
to the extent of such prohibition or unenforceability  without  invalidating the
remaining provisions of this Note.

                  (c) The  holder  of this Note  shall  have the  right,  at its
option,   to  declare  the  entire  unpaid  principal   balance  of  this  Note,
irrespective  of the maturity  date of this Note,  immediately  due and payable,
together  with  accrued  interest,  if the  Borrower  (or any  affiliate  of the
Borrower)  sells,  transfers  or  disposes  of any  portion  of  the  Collateral
identified in the Security Agreement.

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<PAGE>

                  Notwithstanding the above, if an Event of Default first occurs
on or prior to the end of the twelve  (12) month  period  following  a Change in
Control,  the holder of this Note may not cause the Note or the  principal of or
the accrued  interest on this Note to become due and payable prior to the second
anniversary of such Change in Control or the Repayment Date, if earlier.

                  10. Costs of  Collection.  Upon the failure of the Borrower to
pay any amount due  hereunder as and when due, the Borrower  shall pay on demand
any and all costs and expenses (including,  without limitation,  all court costs
and  attorneys'  fees)  incurred  by the holder  hereof in  connection  with the
collection of any outstanding  principal  balance and interest accrued hereunder
(whether or not suit is filed to enforce the terms  hereof),  and in  connection
with the  enforcement  of any rights or remedies  provided  for pursuant to this
Note and the  Security  Agree  ment.  If not paid on demand,  all such costs and
expenses  automatically  shall  be  added  to the  remaining  principal  balance
hereunder as of the date immediately following the date of such demand.

                  11. Change In Control.  For purposes of this Note,  "Change in
Control" shall mean the occurrence of any of the following events:

                  (a) an  acquisition  (other than  directly from the Lender) of
any voting securities of the Lender (the "Voting Securities) by any "person" (as
the term  "person" is used for purposes of Section 13(d) or Section 14(d) of the
Securities  Exchange Act of 1934, as amended (the "Exchange  Act"))  immediately
after which such person has "beneficial  ownership"  (within the meaning of Rule
13d-3  promulgated  under the Exchange Act)  ("Beneficial  Ownership") of 20% or
more of the  combined  voting  power of the  Lender's  then  outstanding  Voting
Securities; provided, however, in determining whether a Change in Control has oc
curred,  Voting  Securities  that are acquired in a Non-Control  Acquisition (as
hereinafter  defined)  shall not  constitute an  acquisition  that would cause a
Change in Control. "Non-Control Acquisition" shall mean an acquisition by (A) an
employee benefit plan (or a trust forming a part thereof)  maintained by (1) the
Lender or (2) any  corporation,  partnership or other person of which a majority
of its  voting  power or its  equity  securities  or  equity  interest  is owned
directly or  indirectly by the Lender or in which the Lender serves as a general
partner or manager (a  "Subsidiary"),  (B) the Lender or any Subsidiary,  or (C)
any  person  in  connection  with  a  Non-Control  Transaction  (as  hereinafter
defined);

                  (b) the  individuals  who constitute the Board of Directors of
the Lender as of the date hereof (the "Incumbent Board") cease for any reason to
constitute  at least  two-thirds  (2/3) of the  Board  of  Directors;  provided,
however,  that if the  election,  or  nomination  for  election by the  Lender's
stockholders,  of any new director was approved by a vote of at least two-thirds
(2/3) of the Incumbent

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<PAGE>

Board, such new director shall be considered as a member of the Incumbent Board;
provided,  further, that no individual shall be considered a member of the Incum
bent Board if such individual  initially assumed office as a result of either an
actual or threatened "election contest" (as described in Rule 14a-11 promulgated
under the Exchange  Act) (an  "Election  Contest") or other actual or threatened
solicitation  of proxies or consents by or on behalf of a person  other than the
Board of Direc tors (a "Proxy  Contest")  including  by reason of any  agreement
intended to avoid or settle any Election Contest or Proxy Contest; or

                  (c) approval by  stockholders  of the Lender of: (A) a merger,
consolidation, share exchange or reorganization involving the Lender, unless (1)
the stockholders of the Lender,  immediately before such merger,  consolidation,
share exchange or reorganization, own, directly or indirectly immediately follow
ing such merger, consolidation,  share exchange or reorganization,  at least 80%
of the  combined  voting  power  of the  outstanding  voting  securities  of the
corporation that is the successor in such merger, consolidation,  share exchange
or  reorganiza  tion  (the  "Surviving   Company")  in  substantially  the  same
proportion as their ownership of the Voting Securities  immediately  before such
merger, consolidation, share exchange or reorganization, (2) the individuals who
were members of the Incumbent  Board  immediately  prior to the execution of the
agreement   providing  for  such  merger,   consolidation,   share  exchange  or
reorganization  constitute at least two-thirds (2/3) of the members of the board
of  directors  of the  Surviving  Com pany,  and (3) no persons  (other than the
Lender or any Subsidiary, any employee benefit plan (or any trust forming a part
thereof)  maintained by the Lender, the Surviving Company or any Subsidiary,  or
any person who, immediately prior to such merger, consolidation,  share exchange
or  reorganization  had  Beneficial  Ownership  of  15%  or  more  of  the  then
outstanding  Voting  Securities has  Beneficial  Ownership of 15% or more of the
combined  voting  power  of the  Surviving  Company's  then  outstanding  voting
securities  (a  transaction  described in clauses (1) through (3) is referred to
herein as "Non-Control Transaction");  (B) a complete liquidation or dissolution
of the Lender;  or (C) an agreement for the sale or other  disposition of all or
substantially  all of the  assets of the  Lender  to any  person  (other  than a
transfer to a Subsidiary).

                  Notwithstanding  the foregoing,  a Change in Control shall not
be deemed to occur  solely  because  any person (a  "Subject  Person")  acquired
Benefi  cial  Ownership  of more than the  permitted  amount of the  outstanding
Voting  Securities as a result of the  acquisition  of Voting  Securities by the
Lender that, by reducing the number of Voting Securities outstanding,  increases
the  proportional  number of shares  Beneficially  Owned by such Subject Person,
provided  that if a Change in Control would occur (but for the operation of this
sentence) as a result of the acquisition of Voting Securities by the Lender, and
after such share  acquisi tion by the Lender,  such Subject  Person  becomes the
Beneficial Owner of any

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<PAGE>

additional   Voting  Securities  that  increases  the  percentage  of  the  then
outstanding Voting Securities  Beneficially Owned by such Subject Person, then a
Change in Control shall occur.

                  12.  Waiver.  The  Borrower  hereby  waives any right it might
otherwise have to require notice or acceptance by any other person of its obliga
tions or liabilities  under this Note which are  unconditional  and absolute and
waives  diligence,  presentment,  demand of  payment,  protest  and notice  with
respect  to all of the  obligations  of the  Borrower  under  this Note and with
respect  to any  action  under  this  Note and all  other  notices  and  demands
whatsoever,  except as specif ically provided for in this Note. This Note may be
amended,  and the  observance of any term of this Note may be waived,  with (and
only with) the written consent of the Lender.

                  13.  Governing  Law.  This  Note  shall  be  governed  by  and
construed in accordance with the laws of the State of Colorado.

                  14.  Assignment or Pledge of Note.  The Lender shall  promptly
notify the Borrower of any endorsement,  assignment,  pledge or hypothecation of
this Note to a person not affiliated with the Lender.

                  15. Loss, Mutilation, Etc. Upon notice from the holder of this
Note to the Borrower of the loss, theft, destruction or mutilation of this Note,
and upon receipt of an indemnity  reasonably  satisfactory  to the Borrower from
the holder of this Note or, in the case of mutilation hereof,  upon surrender of
the mutilated  Note, the Borrower will make and deliver a new note of like tenor
in lieu of this Note.

                  16. Notices. All notices and other communications  required or
permitted under this Note shall be in writing and shall be personally  delivered
or sent by certified  first class United States mail,  postage  prepaid,  return
receipt  requested,  and if mailed and shall be deemed to have been  received on
the third business day after deposit in the mail, addressed to the Lender, Asset
Investors Operating Partnership, L.P., 3410 S. Galena Street, Suite 210, Denver,
Colorado 80231,  Attention:  Chief Financial Officer,  or to the Borrower at the
address set forth below the Borrower's signature. Notice of any change of either
party's  ad dress  shall be given by  written  notice in the manner set forth in
this paragraph.

                      (the next page is the signature page)

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                  IN WITNESS WHEREOF, the Borrower has executed this Note on the
date first above written.

                                                     BORROWER:

                                                     /s/Robert G. Blatz
                                                     ------------------
                                                     (Signature of Borrower)

                                                     Robert G. Blatz
                                                     2637 McCormick Drive
                                                     Clearwater, FL 34619-1041
                                                     (727) 669-4791

                                        7SEVENTH AMENDMENT TO CREDIT

                             AND GUARANTY AGREEMENT

      THIS SEVENTH  AMENDMENT,  dated as of August 3, 1999 (this "Amendment") to
the Existing Credit Agreement referred to below, is among IMO INDUSTRIES INC., a
Delaware corporation (the "Borrower"),  COLFAX CORPORATION (formerly known as II
Acquisition  Corp.),  a Delaware  corporation (the "Parent") and the Lenders (as
defined below) parties hereto.

                             W I T N E S S E T H:
                             -------------------

      WHEREAS,  the Borrower,  the Parent,  certain financial  institutions from
time to time parties thereto  (collectively,  the  "Lenders"),  The Bank of Nova
Scotia, as the Administrative  Agent and the Documentation Agent and NationsBanc
Capital Markets, Inc., as the Syndication Agent have entered into the Credit and
Guaranty  Agreement,  dated as of August  29,  1997 (as  amended,  supplemented,
amended  and  restated  or  otherwise  modified  prior to the date  hereof,  the
"Existing  Credit  Agreement"  and,  as amended  by,  and  together  with,  this
Amendment, the "Credit Agreement"); and

      WHEREAS,  the  Borrower  and the Parent have  requested  that the Existing
Credit  Agreement be amended in certain  respects  and that the Lenders  grant a
waiver of certain  provisions of the Existing  Credit  Agreement and the Lenders
have  agreed to amend the  Existing  Credit  Agreement  and to grant such waiver
(subject to the terms and conditions of this Amendment);

      NOW, THEREFORE,  in consideration of the premises and the other provisions
herein contained, the parties hereto hereby agree as follows.

                                     PART I

                                   DEFINITIONS

     SUBPART I.1. Use of Defined Terms.  Unless otherwise  defined herein or the
context otherwise requires, terms used in this Amendment, including its preamble
and recitals, have the meanings set forth in the Existing Credit Agreement.

                                     PART II

                            AMENDMENTS AND WAIVERS TO

                          THE EXISTING CREDIT AGREEMENT

      Effective  upon (and subject to) the  occurrence of the Seventh  Amendment
Effective Date (as defined in Subpart 3.1),  certain terms and provisions of the
Existing Credit Agreement are hereby amended,  and the waiver described below is
hereby granted, all in accordance with this Part. Except as so amended, modified
or  waived  by this  Amendment,  the  Existing  Credit  Agreement  and the  Loan
Documents  shall  continue  in full  force and effect in  accordance  with their
terms.

      SUBPART II.1.  Amendment to Article I.  Article I of the Existing Credit
 Agreement is hereby amended in accordance with Subparts 2.1.1 through 2.1.2.

     SUBPART  II.1.1.  Section 1.1 of the  Existing  Credit  Agreement is hereby
amended by adding the following new definition in its  appropriate  alphabetical
sequence:

            "Morse Controls Disposition" means the disposition of the Borrower's
      facility located at 21 Clinton Street, Hudson, Ohio.

      SUBPART  II.1.2.  Section 1.1 of the Existing  Credit  Agreement is hereby
further amended by amending the definition of "Permitted Amount" by deleting the
figure  "$85,000,000" each time it appears therein and, in each case,  inserting
the figure "$105,000,000" in its place.

      SUBPART II.2.  Amendment to Article IV. Clause  (iv)(B) of Section 4.10 of
the  Existing  Credit  Agreement  is  hereby  amended  by  deleting  the  figure
"$85,000,000"  in such clause and  inserting  the figure  "$105,000,000"  in its
place.

      SUBPART II.3. Amendment to Article VII. Clause (b)(ii) of Section 7.2.6 of
the  Existing  Credit  Agreement  is  hereby  amended  by  deleting  the  figure
"$85,000,000"  in such clause and  inserting  the figure  "$105,000,000"  in its
place.

      SUBPART  II.4.  Waiver  Regarding  Section  3.1.2 of the  Existing  Credit
Agreement ("Mandatory Repayments and Prepayments").  Notwithstanding anything to
the  contrary  contained  in  the  Existing  Credit  Agreement   (including  the
definition of the term "Net Disposition Proceeds" or Section 3.1.2 thereto), the
Lenders hereby waive any mandatory  prepayment event which would otherwise arise
in connection  with the receipt by the Borrower of Net  Disposition  Proceeds in
connection with the Morse Controls Disposition.

                                    PART III

                           CONDITIONS TO EFFECTIVENESS

      SUBPART  III.1.  This  Amendment  shall become  effective on the date (the
"Seventh  Amendment  Effective Date") when all of the following  conditions have
been satisfied to the satisfaction of the Administrative Agent.

      SUBPART III.1.1.  Execution of Counterparts.  The Administrative Agent
                        -------------------------
shall have received copies of this Amendment, duly executed and delivered by the
Borrower, the Parent and the Lenders.

      SUBPART III.1.2.  Affirmation and Consent.  The Administrative Agent
                        -----------------------
shall  have  received  an   affirmation   and  consent  in  form  and  substance
satisfactory to it, duly executed and delivered by each Subsidiary Guarantor.

      SUBPART  III.1.3.  Satisfactory  Legal  Form.  All  documents  executed or
submitted  pursuant  hereto shall be  satisfactory  in form and substance to the
Administrative  Agent and its counsel.  The Administrative Agent and its counsel
shall have  received  all  information  and such  counterpart  originals or such
certified or other copies of such materials,  as the Administrative Agent or its
counsel  may  reasonably  request,   and  all  legal  matters  incident  to  the
transactions  contemplated  by  this  Amendment  shall  be  satisfactory  to the
Administrative Agent and its counsel.

                                     PART IV

                         REPRESENTATIONS AND WARRANTIES

      In order to  induce  the  Lenders  and the  Issuers  to  enter  into  this
Amendment,   the  Borrower  and  the  Parent   represent   and  warrant  to  the
Administrative Agent, each Issuer and each Lender as set forth in this Part.

      SUBPART IV.1. Compliance with Warranties. After giving effect to the terms
of this Amendment,  (a) the  representations and warranties set forth herein, in
Article VI of the Credit  Agreement and in each other Loan Document are true and
correct in all  material  respects  with the same effect as if made on and as of
the date hereof  (unless  stated to relate  solely to an earlier  date, in which
case they were true and correct as of such  earlier  date) and (b) the  Borrower
shall  be in  full  compliance  with  Section  4.03  of  the  Subordinated  Note
Indenture.

      SUBPART IV.2. Due  Authorization,  Non-Contravention,  etc. The execution,
delivery and  performance  by the Borrower and the Parent of this  Amendment and
other  documents  delivered  pursuant  hereto are within the  Borrower's and the
Parent's corporate powers,  have been duly authorized by all necessary corporate
action,  and do not (i) contravene either the Borrower's or the Parent's Organic
Documents,  (ii)  contravene  or  result  in a  default  under  any  contractual
restriction,  law or governmental regulation or court decree or order binding on
or affecting  either the Borrower or the Parent,  or (iii) result in, or require
the creation or imposition of, any Lien (except as contemplated in or created by
the Loan Documents).

      SUBPART IV.3.  Validity,  etc.  This  Amendment has been duly executed and
delivered by the Borrower and the Parent and  constitutes  the legal,  valid and
binding obligation of the Borrower and the Parent enforceable in accordance with
its terms, subject as to enforcement to bankruptcy, insolvency,  reorganization,
moratorium or other similar laws affecting  creditors'  rights  generally and to
general principles of equity,  regardless of whether  enforcement is sought in a
proceeding at law or in equity.

      SUBPART IV.4.  Compliance With Existing Credit Agreement.  As of the
                     -----------------------------------------
Seventh  Amendment  Effective  Date,  both before and after giving effect to the
terms of this Amendment, no Default has occurred and is continuing.

                                     PART V

                            MISCELLANEOUS PROVISIONS

      SUBPART  V.1.   Ratification  of  and  Limited  Amendment  to  the  Credit
Agreement. The Existing Credit Agreement, as amended hereby, is hereby ratified,
approved and confirmed in each and every respect by the parties  hereto.  Except
as specifically  amended or modified  herein,  the Existing Credit Agreement and
the other Loan  Documents  shall continue in full force and effect in accordance
with the  provisions  thereof  and  except as  expressly  set forth  herein  the
provisions hereof shall not operate as a waiver or amendment of any right, power
or privilege of the Administrative  Agent and the Lenders nor shall the entering
into of this  Amendment  preclude  the Lenders  from  refusing to enter into any
further or future amendments.

      SECTION  V.2.  Consent  and  Acknowledgment  of  Guarantor,  etc.  By  its
signature  below,  the Parent in its  capacity as a guarantor  and as grantor of
collateral security under certain Loan Documents, hereby acknowledges,  consents
and agrees to this  Amendment and hereby  ratifies and confirms its  obligations
under its guaranty and each Loan  Document  executed and  delivered by it in all
respects.

      SUBPART V.3.  Credit  Agreement,  References,  etc. All  references to the
Credit Agreement in any other document,  instrument,  agreement or writing shall
hereafter be deemed to refer to the Existing Credit Agreement as amended hereby.
As used in the Credit Agreement, the terms "Agreement", "herein", "hereinafter",
"hereunder", "hereto" and words of similar import shall mean, from and after the
date hereof, the Existing Credit Agreement as amended by this Amendment.

     SUBPART  V.4.  Expenses.  The  Borrower  agrees  to pay  all  out-of-pocket
expenses  incurred by the  Administrative  Agent (including fees and expenses of
counsel  to the  Administrative  Agent)  in  connection  with  the  preparation,
negotiation, execution and delivery of this Amendment.

      SUBPART  V.5.  Headings;   Counterparts.  The  various  headings  of  this
Amendment are inserted for convenience  only and shall not affect the meaning or
interpretation of this Amendment or any provisions hereof. This Amendment may be
signed  in any  number  of  separate  counterparts,  each of  which  shall be an
original, and all of which taken together shall constitute one instrument.

      SUBPART V.6.  Governing Law;  Entire  Agreement.  THIS AMENDMENT  SHALL BE
DEEMED TO BE A CONTRACT  MADE UNDER AND GOVERNED BY THE LAWS OF THE STATE OF NEW
YORK.  This Amendment  constitutes  the entire  understanding  among the parties
hereto  with  respect to the  subject  matter  hereof and  supersedes  any prior
agreements, written or oral, with respect thereto.

     SUBPART V.7. Loan Document Pursuant to Credit Agreement.  This Amendment is
a Loan.  Document  executed  pursuant  to the  Credit  Agreement  and  shall  be
construed,  administered  and  applied in  accordance  with all of the terms and
provisions of the Credit Agreement.

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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00005-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00005-of-00352.parquet"}]]