Document:

EXHIBIT 10.31

 Exhibit 10.31 
  
 FIFTH AMENDMENT TO CREDIT AGREEMENT 
  
 THIS FIFTH AMENDMENT TO CREDIT AGREEMENT (the “Fifth Amendment”) dated as of March 19, 2004,
by and among BEARINGPOINT, INC. (formerly known as KPMG Consulting, Inc.), a Delaware corporation (the “Borrower”), the Guarantors, the Banks, and PNC BANK, NATIONAL ASSOCIATION, as Administrative Agent. 
  
 W I T N E S S E T H: 

 
 WHEREAS, the parties hereto are parties to that certain Credit Agreement
dated as of May 29, 2002 (as previously and hereafter amended, supplemented, restated or modified, the “Credit Agreement”) by and among the Borrower, the Banks, the Guarantors, and PNC Bank, National Association, as Administrative
Agent, and desire to further amend the terms thereof as set forth herein; and 
  
 WHEREAS, the parties to the Credit Agreement desire to amend the Credit Agreement as set forth herein; and 
  
 WHEREAS, defined terms used herein unless otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement. 
  
 NOW, THEREFORE, the parties hereto, in consideration of their mutual
covenants and agreements hereinafter set forth and intending to be legally bound hereby, covenant and agree as follows: 
  

	1.	Amendments to the Credit Agreement. 

  
 The parties hereby amend the Credit Agreement as follows: 
  

	 	A.	Amendments to Section 1.1—Definitions. 

  
 (i) Existing Definitions (Section 1.1). 
  

The definition of “EBITDA” contained in Section 1.1 of the Credit Agreement is hereby amended and restated to read as
follows: 
  
 “EBITDA for any Person
during any period of determination shall mean the net income of such Person, 
  
 plus 
  
 (A) the
sum of the following items to the extent deducted in arriving at such net income: (i) depreciation, (ii) amortization, (iii) interest expense, (iv) income tax expense, (v) for computations which include the quarter ending September 30, 2003 and/or
December 31, 2003, the Lease Termination Charges (in an amount not to exceed $75,000,000 in the aggregate for both such quarters), (vi) non-cash compensation expense recorded in connection with the issuance by 

  

 
the Borrower of shares of its common stock to key employees of acquired businesses pursuant to pre-acquisition commitments made by the Borrower to issue such
shares to such employees in an amount not to exceed $3,500,000 during any fiscal quarter, (vii) any non-cash expense recorded in connection with the issuance of stock options to employees (in the event that GAAP should require that such expenses be
deducted from net income), and (viii) the lesser of (a) the Fourth Quarter 2003 Non-Cash Goodwill Impairment Charge, or (b) $140,000,000. 
  
 minus 
  
 (B) for computations including the quarter ended December 31, 2003 or any subsequent quarters, the positive excess of cash rental payments
over rental expense. 
  
 (ii) New
Definitions (Section 1.1). 
  
 The
following new definitions are hereby added to Section 1.1: 
  
 “Fourth Quarter 2003 Non-Cash Goodwill Impairment Charge shall mean a one-time non-cash charge to goodwill recorded by the Loan Parties in the quarter ending December 31, 2003 (and not in any prior or
subsequent quarter).” 
  
 B. Annual Financial
Statements (Section 7.3.2). 
  
 The first
sentence of Section 7.3.2 [Annual Financial Statements] is hereby amended and restated to read as follows: 
  
 “The following financial statements and related documents (described in clauses (1) and (2) below (collectively the Annual Financial Reports”)
as soon as available and in any event within the time periods specified in clauses (A) or (B) below, as applicable (1) financial statements of the Borrower consisting of a consolidated balance sheet as of the end of such fiscal year, and related
consolidated statements of income, stockholders’ equity and cash flows for the fiscal year then ended, all in
reasonable detail and setting forth in comparative form the financial statements as of the end of and for the preceding fiscal year, and certified by independent certified public accountants of nationally recognized standing satisfactory to the
Administrative Agent and (2) an unaudited consolidated income statement for the Loan Parties (excluding all Subsidiaries of the Borrower which are not Loan Parties) for the fiscal year then ended, such Annual Financial Reports shall be due (A) in
the case of the Annual Financial Reports for Borrower’s fiscal year ended December 31, 2003, one hundred and five (105) days after such fiscal year end, and (B) in the case of the Annual Financial Reports for each fiscal year of the Borrower
ended after December 31, 2003, ninety (90) days after the such fiscal year end (it is acknowledged that the annual Compliance Certificate and list of insurance described in Sections 7.3.3 and 7.3.4 shall be delivered concurrently with such Annual
Financial Reports (as provided in such Sections).” 
  

 - 2 - 

	 	2.	Representations, Warranties and covenants. 

  
 The Loan Parties hereby represent, warrant and covenant to the Banks as follows: 
  
 (a) The representations and warranties of Loan Parties
contained in the Credit Agreement are true and correct on and as of the date hereof with the same force and effect as though made by the Loan Parties on such date, except to the extent that any such representation or warranty expressly relates
solely to a previous date in which case such representations and warranties are true and correct as of such date; and 
  
 (b) The Loan Parties are in compliance with all terms, conditions, provisions, and covenants contained in the Credit Agreement; and the
execution, delivery, and performance of this Fifth Amendment have been duly authorized by all necessary corporate action, require no governmental approval, and will not contravene, conflict with, nor result in the breach of any law, charter,
articles, or certificate of incorporation, bylaws, or agreement governing or binding upon the Loan Parties or any of their property; and no Event of Default or Potential Default has occurred and is continuing or would result from the making of this
Fifth Amendment. 
  

	2.	Conditions to Effectiveness. 

  

	 	A.	Conditions to Effectiveness 

  
 This Fifth Amendment shall be effective upon completion of the following conditions precedent which shall be the date of this Amendment:

  
 (i) Execution. The Required Banks, the
Administrative Agent, the Borrower and the other Loan Parties shall have executed and delivered to the Administrative Agent signature pages hereto by counterpart or otherwise. 
  
 (ii) Fee. The Borrower shall pay to the Agent for the benefit of each Bank which executes and delivers the
signature page to the Agent’s (or its counsel as instructed by the Agent) by 3:00 pm (EST) on March 19, 2004 a fee of .10% times the amount of such Bank’s Commitment. 
  
 (iii) Opinion. Counsel for the Loan Parties (which may be David R. Schwiesow, Deputy General Counsel
of the Borrower) shall have delivered an opinion in a form acceptable to the Administrative Agent confirming the authorization, execution, delivery and enforceability of this Amendment by or against the Loan Parties. 
  

	3.	Amendment. 

  
 Any reference to the Credit Agreement or other Loan Documents in any document, instrument, or agreement shall hereafter mean and include
the Credit Agreement or such Loan Document, including exhibits thereto, as amended hereby. In the event of any irreconcilable inconsistency between the terms or provisions hereof and the terms or provisions 

  

 - 3 - 

 
of the Credit Agreement or such Loan Document, including such exhibits, the terms and provisions hereof shall control. 
  

	4.	Force and Effect. 

  
 The Loan Parties reconfirm, restate, and ratify the Credit Agreement and all other documents executed in connection therewith and the Loan
Parties confirm that all such documents have remained in full force and effect since the date of their execution except to the extent that the Credit Agreement is expressly modified by this Fifth amendment. 
  
 Governing Law. 
  
 This Fifth Amendment shall be deemed to be a contract under the laws of the State of New York and for all
purposes shall be governed by and construed and enforced in accordance with the internal laws of the State of New York without regard to its conflict of laws principles. 
  
 Counterparts. 
  
 This Fifth Amendment may be signed in any number of counterparts each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. 
  

 - 4 - 

 [SIGNATURE PAGE 1 OF 15 TO FIFTH AMENDMENT TO CREDIT AGREEMENT] 
  
 IN WITNESS WHEREOF, the parties hereto, by their officers thereunto duly authorized, have
executed this Agreement as of the day and year first above written. 
  

							
	 BORROWER:
  

	BEARINGPOINT, INC. (formerly known as KPMG Consulting, Inc.)
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	 GUARANTORS:
  

	BEARINGPOINT, LLC
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	BEARINGPOINT ISRAEL, LLC
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	SOFTLINE ACQUISITION CORP.
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	BEARINGPOINT GLOBAL OPERATIONS, INC.
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

 [SIGNATURE PAGE 2 OF 15 TO FIFTH AMENDMENT TO CREDIT AGREEMENT] 
  

							
	SOFTLINE CONSULTING & INTEGRATORS, INC.
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	I2 MIDATLANTIC LLC
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	I2 NORTHWEST LLC
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	OAD ACQUISITION CORP.
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	BEARINGPOINT TECHNOLOGY PROCUREMENT SERVICES, LLC
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

 [SIGNATURE PAGE 3 OF 15 TO FIFTH AMENDMENT TO CREDIT AGREEMENT] 
  

							
	OAD GROUP, INC.
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	METRIUS, INC.
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	PEATMARWICK, INC.
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	BEARINGPOINT ENTERPRISE HOLDINGS, LLC
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	BEARINGPOINT GLOBAL DE, LLC
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	BEARINGPOINT INTERNATIONAL, INC.
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

 [SIGNATURE PAGE 4 OF 15 TO FIFTH AMENDMENT TO CREDIT AGREEMENT] 
  

							
	BEARINGPOINT SOUTH PACIFIC, LLC
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	BEARINGPOINT AMERICAS, INC.
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	BEARINGPOINT BG, LLC
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	PELOTON HOLDINGS, L.L.C.
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

 [SIGNATURE PAGE 5 OF 15 TO FIFTH AMENDMENT TO CREDIT AGREEMENT] 
  

							
	BEARINGPOINT EUROPEAN HOLDINGS, LLC
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	BEARINGPOINT SOUTHEAST ASIA, LLC
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	BEARINGPOINT RUSSIA, LLC
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	BEARINGPOINT USA, INC.
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	BEARINGPOINT PUERTO RICO, LLC
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	BEARINGPOINT INTERNATIONAL I, INC.
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

							
	BEARINGPOINT INTERNATIONAL II, INC.
			
	By:	 	/s/ Patrick H. Kinzler	 	(SEAL)
	 	 	
	 	 
	 	 	Name:	 	Patrick H. Kinzler	 	 
	 	 	Title:	 	Treasurer	 	 

  

 [SIGNATURE PAGE 6 OF 15 TO FIFTH AMENDMENT TO CREDIT AGREEMENT] 
  

			
	 PNC BANK, NATIONAL ASSOCIATION,
 individually
and as Administrative Agent

		
	By:	 	/s/ Illegible
	 	 	

	 Title:
	 	 Vice President

  

 [SIGNATURE PAGE 7 OF 15 TO FIFTH AMENDMENT TO CREDIT AGREEMENT] 
  

			
	 JPMORGAN CHASE BANK
 individually and as Documentation Agent

		
	By:	 	/s/ T. David Short
	 	 	

	 	 	T. David Short
	Title:	 	Vice President

  

 [SIGNATURE PAGE 8 OF 15 TO FIFTH AMENDMENT TO CREDIT AGREEMENT] 
  

			
	 BARCLAYS BANK PLC,
 individually and as Syndication Agent

		
	 	 	 /s/ Nicholas Bell

	 	 	

	 By:
	 	 Nicholas Bell

	 Title:
	 	 Director

  

 [SIGNATURE PAGE 9 OF 15 TO FIFTH AMENDMENT TO CREDIT AGREEMENT] 
  

			
	 SOCIÉTÉ GÉNÉRALE

		
	By:	 	/s/ DAVID GRANT
	 	 	

	 	 	DAVID GRANT
	Title:	 	Managing Director

  

 [SIGNATURE PAGE 10 OF 15 TO FIFTH AMENDMENT TO CREDIT AGREEMENT] 
  

			
	 SUNTRUST BANK,
 individually and as the Co-Agent

		
	By:	 	/s/ Illegible
	 	 	

	 Title:
	 	AVP

  

 [SIGNATURE PAGE 11 OF 15 TO FIFTH AMENDMENT TO CREDIT AGREEMENT] 
  

			
	BANK OF AMERICA, N.A., individually and as Documentation Agent
		
	By:	 	/s/ Robert Mauriello
	 	 	

	 	 	Robert Mauriello
	 Title:
	 	Principal

  

 [SIGNATURE PAGE 12 OF 15 TO FIFTH AMENDMENT TO CREDIT AGREEMENT] 
  

			
	THE NORTHERN TRUST COMPANY
		
	By:	 	/s/ ERIC DYBING
	 	 	

	 	 	ERIC DYBING
	Title:	 	 SECOND VICE PRESIDENT
 THE NORTHERN TRUST
COMPANY

  

 [SIGNATURE PAGE 13 OF 15 TO FIFTH AMENDMENT TO CREDIT AGREEMENT] 
  

			
	WESTPAC BANKING CORPORATION
		
	By:	 	/s/ Richard Batten
	 	 	

	Title:	 	Richard Batten, Assistant Vice President

  

 [SIGNATURE PAGE 14 OF 15 TO FIFTH AMENDMENT TO CREDIT AGREEMENT] 
  

			
	MELLON BANK, N.A.
		
	By:	 	/s/ J. Wade Bell
	 	 	

	 	 	J. Wade Bell
	Title:	 	Vice President

  

 [SIGNATURE PAGE 15 OF 15 TO FIFTH AMENDMENT TO CREDIT AGREEMENT] 
  

			
	CITIBANK, N.A., individually and as Documentation Agent
		
	By:	 	/s/ HUGO ARIAS
	 	 	

	 	 	HUGO ARIAS
	Title:	 	 Vice President
 388 Greenwich St./23rd Fl.

New York, NY 10013
 Tel: 212-816-5390Escrow Agreement

 Exhibit 10.1 
  
 ESCROW AGREEMENT 
  
 THIS ESCROW AGREEMENT (as the same may be amended or modified from time to time and including any and all written instructions given to “Escrow
Agent” pursuant hereto, the “Escrow Agreement”) is made and entered into as of April 15, 2004 by and among Team, Inc., a Texas corporation (“Team”), Team Industrial Services, Inc., a Texas corporation and an indirect
wholly-owned subsidiary of Team (the “Buyer”), Thermal Solutions, Inc., a Colorado corporation ( the “Company”), the shareholders of the Company listed on the signature pages hereto under the heading “Shareholders”
(collectively, the “Sellers”) and Michael J. Urban in his capacity as Shareholder Representative (Sellers, Shareholder Representative, Team and the Buyer are sometimes referred to collectively as the “Other Parties”) and Compass
Bank, with an office located in Houston, Harris County, Texas (the “Bank”) (Bank and the Other Parties are sometimes referred to collectively as the “Parties”). 
  
 W I T N E S S E T H : 
  
 WHEREAS, Team, the Buyer, the Company, Sellers and Shareholder Representative have entered into that certain Stock Purchase Agreement dated as of
April 1, 2004 (“Stock Purchase Agreement”), pursuant to which the Buyer will purchase from Sellers and Sellers will sell to the Buyer all of the outstanding capital stock of the Company, and as consideration therefore, Sellers will receive
the consideration set forth in the Stock Purchase Agreement; 
  
 WHEREAS, Section 2.3(b) of the Stock Purchase Agreement provides that Team shall deliver to Escrow Agent (i) cash in the amount of Five Hundred Thousand Dollars ($500,000) (the “Cash Consideration”); and (ii) 189,019 shares
of the common capital stock, $.30 par value per share, of Team (the “Escrowed Shares”); 
  
 WHEREAS, the Escrowed Property (as defined below) shall be released to Sellers pursuant to the terms and conditions of Section 4 hereof unless
earlier distributed pursuant to, or held for distribution in accordance with Section 4 hereof; 
  
 WHEREAS, the Other Parties have requested Bank to establish an account for the benefit of the Other Parties and to act in the capacity of escrow
agent under this Escrow Agreement, and Bank, subject to the terms and conditions hereof, has agreed to do so. 
  
 NOW, THEREFORE, in consideration of the premises and mutual covenants and agreements contained herein, the Parties hereby agree as follows:

  
 1. Appointment of Escrow Agent. The Other Parties
hereby appoint Bank as the escrow agent under this Escrow Agreement (Bank in such capacity shall hereinafter be known as the “Escrow Agent”), and Bank hereby accepts such appointment. 
  
 2. Deposit. (a) Concurrently with the execution of this Escrow
Agreement, Team is depositing with Escrow Agent the Cash Consideration (because the amount of the Cash Consideration may increase or decrease as a result of the investment and reinvestment thereof, 

 and because said amount may be reduced by charges thereto and payments and setoffs therefrom to compensate or reimburse
Escrow Agent for amounts owing to it pursuant to this Agreement, the funds deposited with Escrow Agent as they may fluctuate from time to time, shall hereinafter be referred to as the “Deposit,”) and certificates representing the Escrowed
Shares issued in the names of Sellers as set forth on the signature page to this Agreement. Each of Sellers has caused to be deposited with Escrow Agent irrevocable stock powers executed in blank with respect to the Escrowed Shares (the “Stock
Powers”). (The Deposit, the Escrowed Shares and the Stock Powers are referred to collectively as the “Escrowed Property.”) 
  
 (b) The Escrowed Shares held by Escrow Agent shall be deemed issued and outstanding with respect to any matter on which shareholders of Team have a right
to vote and each of Sellers shall be entitled to vote his or her Escrowed Shares. 
  
 (c) If during the term of this Agreement, Team pays or declares any dividend or distribution on the Team common stock, the dividend or distribution payable with respect to the Escrowed Shares shall be delivered by
Team to Escrow Agent and shall constitute part of the Escrowed Property. 
  
 (d) Subject to and in accordance with the terms and conditions hereof, Escrow Agent agrees that it shall receive, hold in escrow, invest, reinvest, and release or distribute the Escrowed Property. All interest and
other earnings on the Deposit shall become a part of the Deposit for all purposes, and all losses resulting from the investment or reinvestment thereof from time to time, and all amounts charged thereto to compensate or reimburse Escrow Agent for
amounts owing to it hereunder from time to time, shall, from the time of such loss or charge, no longer constitute part of the Deposit. 
  
 3. Investment of the Deposit. (a) Escrow Agent shall invest (and reinvest, as appropriate) the Deposit in the Expedition Tax-Free Money Market
Fund, unless otherwise instructed in writing by Team and Shareholder Representative. Such written instructions, if any, referred to in the foregoing sentence shall specify (i) the type and identity of the investments to be purchased and/or sold; and
(ii) such other information as Escrow Agent may require. Escrow Agent shall not be liable for failure to invest or reinvest funds absent sufficient written direction. The Escrowed Shares shall be held in physical form and shall not be invested or
reinvested regardless of market activity. Subject to Section 4 of this Agreement, all earnings on, and proceeds of investment of, the Deposit pending distribution or disbursement thereof in accordance with the provisions of this Agreement will be
received and held by Escrow Agent. Escrow Agent is authorized to liquidate in accordance with its customary procedures any portion of the Escrowed Property consisting of investments to provide for payments required to be made under this Agreement.

  
 (b) Unless Escrow Agent is otherwise directed in such written
instructions, Escrow Agent may use a broker-dealer of its own selection, including a broker-dealer owned by or affiliated with Escrow Agent or any of its affiliates. It is expressly agreed and understood by the Parties that Escrow Agent shall not in
any way whatsoever be liable for losses on any investments, including, but not limited to, losses from market risks due to premature liquidation or resulting from other actions taken pursuant to this Escrow Agreement. 
  

 2 

 (c) Orders for the purchase or sale of any security which are received by Escrow Agent before the
published trade deadline then in effect will ordinarily be executed that day. Orders for the purchase or sale of any security which are received by Escrow Agent after the published trade deadline then in effect will ordinarily be executed the
following business day. 
  
 (d) Receipt, investment, and
reinvestment of the Deposit shall be confirmed by Escrow Agent as soon as practical by account statement, and any discrepancies in any such account statement shall be noted by Team and Shareholder Representative to Escrow Agent within thirty (30)
calendar days after receipt thereof. Failure to inform Escrow Agent in writing of any discrepancies in any such account statement within said thirty (30) day period shall conclusively be deemed confirmation of such account statement in its entirety.
For purposes of this paragraph, each account statement shall be deemed to have been received by the Party to whom directed on the earlier to occur of (i) actual receipt thereof, or (ii) three (3) “Business Days” (hereinafter defined) after
the deposit thereof in the United States Mail, postage prepaid. The term “Business Day” shall mean any day of the year, excluding Saturday, Sunday, and any other day on which national or state chartered banks are required or authorized to
close in Houston, Texas. 
  
 4. Distributions. (a) Subject
to Section 4(b) below, the Escrowed Property shall be distributed by Escrow Agent to Sellers as follows: 
  
 (i) The Escrow Agent shall distribute to Sellers all or a portion of the Deposit, plus all interest accrued thereon, upon receipt of joint
written instructions executed by Shareholder Representative and an authorized officer of Team. 
  
 (ii) The Escrow Agent shall distribute to Sellers the Escrowed Shares upon receipt of joint written instructions executed by Shareholder
Representative and an authorized officer of Team. 
  
 (iii) The amount of Escrowed Shares released by Escrow Agent, as described in this Section 4(a), shall be subject to reduction by the amount paid in each case by any asserted and pending Claims. 
  
 (b) (i) From time to time on or before the first business day after the third
anniversary of this Agreement (the “Release Date”), Team may give a notice of setoff to Shareholder Representative and Escrow Agent pursuant to Section 2.6(f) of the Stock Purchase Agreement stating the asserted amount of setoff (the
“Claimed Amount”). If Shareholder Representative gives written notice to Team and Escrow Agent of his election to contest any Claimed Amount (a “Denial”) within twenty (20) days following delivery by Team of such related notice
of claim, such Claimed Amount shall be resolved by Team and Shareholder Representative as provided in Section 2.6(f) of the Stock Purchase Agreement, and any amounts to be distributed by Escrow Agent pursuant to such Claimed Amount shall be
distributed in accordance with Section 4(b)(ii) below. If no Denial is received by Escrow Agent within such twenty (20) day period, then the Claimed Amount as set forth in such notice of setoff shall be deemed established for purposes of this
Agreement and the Stock Purchase Agreement and, at 
  

 3 

 the end of such twenty (20) day period, Escrow Agent shall pay to Team the Claimed Amount set forth in such notice of
setoff from (and only to the extent of) first, the Deposit and second, the Escrowed Shares. Escrow Agent shall not inquire into or consider whether a notice of setoff or the Claimed Amount complies with the requirements of the Stock Purchase
Agreement. 
  
 (ii) In the event the Escrowed Shares are to be
used, in whole or in part, to pay any Claimed Amount, then the number of Escrowed Shares to be tendered to Team in satisfaction of such Claimed Amount shall be calculated by valuing the Escrowed Shares at the Valuation Price (as defined in the Stock
Purchase Agreement). Unless otherwise set forth in joint written instructions of Team and Shareholder Representative (or as otherwise required by Section 4(b)(iii) below), any tender by Escrow Agent to Team of Escrowed Shares in satisfaction, in
whole or in part, of any Claimed Amount, shall be made from Sellers on a pro rata basis as set forth on Exhibit A. The Escrow Agent shall promptly deliver to Team the stock certificates representing, in the aggregate, a sufficient number of Escrowed
Shares to satisfy the Claimed Amount (or any portion thereof to be satisfied by the tender of Escrowed Shares), along with the Stock Powers representing that number of Escrowed Shares to be delivered by each Seller based upon his pro rata ownership
of the Escrowed Shares. To the extent that less than all of the Escrowed Shares evidenced by the certificates tendered in accordance with the preceding sentence are required to satisfy the Claimed Amount (or the appropriate portion thereof), (1)
Team shall cause its transfer agent to promptly issue certificates evidencing the balance of any such Escrowed Shares in the names of the appropriate Sellers (the “Replacement Certificates”) and deposit the Replacement Certificates with
Escrow Agent within five business days following the delivery of the Escrowed Shares to Team and (2) the appropriate Sellers shall execute and deliver to Escrow Agent irrevocable stock powers executed in blank with respect to such Seller’s
Replacement Certificates (the “Replacement Stock Powers”). The shares of Team common stock represented by the Replacement Certificates shall constitute Escrowed Shares. If it shall be necessary to use a fraction of an Escrowed Share to
satisfy the dollar value of any Claimed Amount, then, a whole Escrowed Share shall be tendered to Team, and Team shall, within five business days, deliver to Escrow Agent an amount of cash equal to the Valuation Price multiplied by the fraction of
such Escrowed Share not used to satisfy the Claimed Amount, such amount to be held as part of the Escrowed Property. 
  
 (iii) If a Denial is given in response to a notice of claim, Escrow Agent shall make payment with respect thereto only in accordance with (i) joint
written instructions of Team, on the one hand, and Shareholder Representative, on the other, or (ii) a final, nonappealable order of a court of competent jurisdiction. Any court order shall be accompanied by a legal opinion by counsel for the
presenting party satisfactory to Escrow Agent to the effect that the order is final and nonappealable. Escrow Agent shall act on such court order and legal opinion without further question. 
  
 (c) Notwithstanding the provisions of Sections 4(a) and (b) above, in the
event that either Team or Shareholder Representative deliver to Escrow Agent joint written instructions executed by Shareholder Representative and an authorized officer of Team, Escrow Agent shall distribute the Escrowed Property in accordance with
said instructions. 
  
 (d) Cash amounts payable to any of the
Other Parties in accordance with this Section 4 shall be made by Escrow Agent by wire transfer to the account of such Party set forth on Exhibit B, attached hereto. In the absence of such wire transfer instructions, Bank shall be authorized to remit
payment of such amount by bank check. 
  

 4 

 (e) All disbursements to Sellers under this Section 4 shall be allocated among them in proportion to
their respective holdings of Company Shares as set forth in Exhibit A. 
  
 (f) It is expressly agreed by and among the Other Parties that Escrow Agent shall not be required to make any determinations with regard to the validity of any claims that may be asserted by Team, the Buyer, the Company, Shareholder
Representative or one or more of the Sellers or to calculate or determine the accuracy of the Valuation Price. The sole obligation of Escrow Agent shall be to receive, hold and disburse the Escrowed Property. 
  
 5. Tax Matters. The Other Parties shall provide Escrow Agent with
their taxpayer identification numbers documented by an appropriate Form W8 or W9 upon execution of this Escrow Agreement. Failure to provide such forms may prevent or delay disbursements from the Deposit and may also result in the assessment of a
penalty and the requirement that Escrow Agent withhold tax on any interest or other income earned on the Deposit. Any payments of income shall be subject to applicable withholding regulations then in force in the United States or any other
jurisdiction, as applicable. 
  
 6. Scope of Undertaking.
Escrow Agent’s duties and responsibilities in connection with this Escrow Agreement shall be purely ministerial and shall be limited to those expressly set forth in this Escrow Agreement. Escrow Agent is not a principal, participant, or
beneficiary in any transaction underlying this Escrow Agreement and shall have no duty to inquire beyond the terms and provisions of the Escrow Agreement except as specifically provided herein. Escrow Agent shall have no responsibility or obligation
of any kind in connection with this Escrow Agreement or the Escrowed Property, and shall not be required to deliver the Escrowed Property or any part thereof, or take any action with respect to any matters that might arise in connection therewith,
other than to receive, hold, invest, reinvest, and deliver the Escrowed Property as herein provided. Without limiting the generality of the foregoing, it is hereby expressly agreed and stipulated by the Parties that Escrow Agent shall not be
required to exercise any discretion hereunder and shall have no investment or management responsibility and, accordingly, shall have no duty to, or liability for its failure to, provide investment recommendations or investment advice to the Other
Parties. Escrow Agent shall not be liable for any error in judgment, any act or omission, any mistake of law or fact, or for anything it may do or refrain from doing in connection herewith, subject, however, to Section 7 below, its own willful
misconduct or gross negligence. It is the intention of the Parties that Escrow Agent shall not be required to use, advance, or risk its own funds or otherwise incur financial liability in the performance of any of its duties or the exercise of any
of its rights and powers hereunder. 
  
 7. Reliance;
Liability. Escrow Agent may rely on, and shall not be liable for acting or refraining from acting in accordance with any written notice, instruction, or request or other document furnished to it hereunder or pursuant hereto, and believed by it
to have been signed or presented by the proper Party or Parties. Escrow Agent shall only be responsible for holding, investing, reinvesting, and disbursing the Escrowed Property as directed by Team and Shareholder Representative as provided in this
Escrow Agreement; provided, however, that in no 
  

 5 

 event shall Escrow Agent be liable for any lost profits, lost savings, or other special, exemplary, consequential, or
incidental damages in excess of Escrow Agent’s fee hereunder; and provided, further, however, that Escrow Agent shall have no liability for any loss arising from any cause beyond its control, including, but not limited to, the following: (a)
acts of God, force majeure, including, without limitation, war (whether or not declared or existing), revolution, insurrection, riot, civil commotion, accident, fire, explosion, stoppage of labor, strikes or other differences with employees; (b) the
act, failure, or neglect of any other Party or any agent or correspondent or any other person selected by Escrow Agent; (c) any delay, error, omission, or default of any mail, courier, or telecopier operator; or (d) the acts or edicts of any
government or governmental agency or other group or entity exercising governmental powers. Escrow Agent is not responsible or liable in any manner whatsoever for the sufficiency, correctness, genuineness or validity of the subject matter of this
Escrow Agreement and any part hereof, for the transaction or transactions requiring or underlying the execution of this Escrow Agreement or the form or execution hereof, or for the identity or authority of any person executing this Escrow Agreement
or any part hereof, or for depositing the Escrowed Property. 
  
 8. Right of Interpleader. Should (a) any controversy arise involving the Parties or any other person, firm, or entity with respect to this Escrow Agreement or the Escrowed Property, (b) a substitute escrow agent fail to be designated
as provided in Section 16 hereof, or (c) if Escrow Agent should be in doubt as to what action to take, Escrow Agent shall have the right, but not the obligation, either to (i) withhold delivery of the Escrowed Property until the controversy is
resolved, the conflicting demands are withdrawn, or its doubt is resolved, or (ii) institute a petition for interpleader in any court of competent jurisdiction to determine the rights of the Parties. In the event Escrow Agent is a party to any
dispute with respect to the Other Parties, the Escrow Agreement, or the Escrowed Property, Escrow Agent shall have the additional right to refer such controversy to binding arbitration as described in Paragraph 9. 
  
 9. Arbitration. The Parties agree that all controversies which may
arise between the Other Parties and Escrow Agent concerning the construction, performance, or breach of the Escrow Agreement shall be determined by arbitration. 
  
 (a) The arbitration will be held before a single arbitrator chosen by the American Arbitration Association from a panel of
persons knowledgeable in the banking industry. 
  
 (b) Any
arbitration shall be held, at the discretion of Bank, in Birmingham, Alabama; Houston, Texas; or Phoenix, Arizona. The arbitration shall be conducted in accordance with the commercial arbitration rules of the American Arbitration Association. The
arbitration shall be held and a final decision reached within 30 days after the appointment of the arbitrator. The arbitrator shall file a certificate of ruling with the Parties immediately after a decision is reached. The decision of the arbitrator
shall be final and conclusive on the Parties, and there shall be no appeal therefrom. A decision of the arbitrator may be enforced by the prevailing Party in a court of competent jurisdiction. All other issues in connection with such arbitration
shall be determined in accordance with the rules of the American Arbitration Association. 
  
 (c) The Parties hereby agree that an action to compel arbitration pursuant to this Agreement may be brought in any court of competent jurisdiction selected by Escrow Agent. 
  

 6 

 Application may also be made to such court for confirmation of any decision or award of the arbitrator, which may be
necessary to effectuate such decisions or awards. The Parties hereby consent to the jurisdiction of the arbitrator and of such court and waive any objection to the jurisdiction and venue of such arbitrator or court. 
  
 (d) The prevailing Party in any arbitration shall be entitled to
reimbursement of reasonable attorneys’ fees and disbursements and costs of arbitration from the non-prevailing Party as determined by the arbitrator. 
  
 10. Indemnification. The Other Parties hereby jointly and severally indemnify Escrow Agent, its officers, directors, partners, employees, and
agents (each herein called an “Indemnified Party”) against, and hold each Indemnified Party harmless from, any and all expenses, including, without limitation, attorneys’ fees and court costs, losses, costs, damages and claims,
including, but not limited to, costs of investigation, litigation, and arbitration; tax liability; and loss on investments suffered or incurred by any Indemnified Party in connection with or arising from or out of this Escrow Agreement, except such
acts or omissions as may result from the willful misconduct or gross negligence of such Indemnified Party. IT IS THE EXPRESS INTENT OF EACH OF THE OTHER PARTIES TO INDEMNIFY EACH OF THE INDEMNIFIED PARTIES FOR, AND HOLD THEM HARMLESS AGAINST, THE
NEGLIGENT ACTS OR OMISSIONS OF THE INDEMNIFIED PARTIES. 
  
 11.
Compensation and Reimbursement of Expenses. As compensation for its services hereunder, Escrow Agent shall be paid a fee in the amount of Five Thousand Dollars ($5,000) per annum (the “Escrow Fee”). Team shall pay the Escrow Fee.
Escrow Agent shall be reimbursed for all expenses incurred by Escrow Agent in connection with the performance of its duties and enforcement of its rights hereunder and otherwise in connection with the preparation, operation, administration and
enforcement of this Escrow Agreement, including, without limitation, attorneys’ fees, brokerage costs, and related expenses incurred by Escrow Agent. The Other Parties shall be jointly and severally liable to Escrow Agent for the payment of all
such fees and expenses; provided, however, Escrow Agent may, in its discretion, charge all of such fees and expenses to the Deposit. 
  
 12. Lien. Each of the Other Parties hereby grants to Escrow Agent a lien upon, and security interest in, all its right, title, and interest in and
to all of the Escrowed Property as security for the payment and performance of its obligations owing to Escrow Agent hereunder, including, without limitation, its obligations of payment, indemnity, and reimbursement provided for hereunder, which
lien and security interest may be enforced by Escrow Agent without notice by charging and setting-off and paying from, the Deposit any and all amounts then owing to it pursuant to this Escrow Agreement or by appropriate foreclosure proceedings.

  

 7 

 13. Notices. Any notice or other communication required or permitted to be given under this Escrow
Agreement by any Party to any other Party shall be considered as properly given if in writing and (a) delivered against receipt therefor, (b) mailed by registered or certified mail, return receipt requested and postage prepaid or (c) sent by telefax
machine, in each case to the address or telefax number, as the case may be, set forth below: 
  
 If to Escrow Agent: 
  

			
	Compass Bank
	P.O. Box 4886
	Houston, Texas 77210-4886
	Attention:	 	Charles L. Ehrhardt, III, Senior Vice President
	Phone:	 	713-831-5716
	Fax:	 	713-831-5750

  
 If to Team or Buyer:

  

			
	Team, Inc.
	200 Hermann
	Alvin, Texas 77512
	Attention:	 	Philip J. Hawk
	Phone:	 	(281) 388-5503
	Facsimile:	 	(281) 388-5583
	Email:	 	phawk@teamindustrialservices.com
	
	with a copy to:

  

			
	 Chamberlain, Hrdlicka, White, Williams & Martin

	 1200 Smith Street

	 Suite 1400

	 Houston, Texas 77002

	 Attention:
	 	 Sidney B. Williams

	 	 	 Ralph K. Miller, Jr.

	 Phone:
	 	 (713) 658-1818

	 Facsimile:
	 	 (713) 658-2553

	 Email:
	 	 Sidney.williams@chamberlainlaw.com

	 	 	 ken.miller@chamberlainlaw.com

 If to Sellers: 
  

			
	To each Seller at the address set forth below his or her name on the signature page to this Agreement.
	
	with a copy to:
	
	Kennedy, Christopher, Childs & Fogg, P.C.
	Independence Plaza
	1050 17th Street, Suite 2500
	Denver, CO 80202-1908
	Attention:	 	Dave Gerbus
	Phone:	 	(303) 825-2700
	Facsimile:	 	(303) 825-0434
	Email:	 	dgerbus@kennedy-christopher.com

  

 8 

 If to Shareholder Representative: 
  

			
	 Michael J. Urban

	 12316 Dumont Way

	 Littleton, Colorado 80125

	 Phone:
	 	 888-443-2837

	 Facsimile:
	 	 303-471-1699

	 Email:
	 	 mikeurban@att.net

	
	with a copy to:

  

			
	Kennedy, Christopher, Childs & Fogg, P.C.
	Independence Plaza
	1050 17th Street, Suite 2500
	Denver, CO 80202-1908
	Attention:	 	Dave Gerbus
	Phone:	 	(303) 825-2700
	Facsimile:	 	(303) 825-0434
	Email:	 	dgerbus@kennedy-christopher.com

  
 Except to the extent otherwise
provided in the second paragraph of Section 3(d) hereinabove, delivery of any communication given in accordance herewith shall be effective only upon actual receipt thereof by the Party or Parties to whom such communication is directed. Any Party to
this Escrow Agreement may change the address to which communications hereunder are to be directed by giving written notice to the other Party or Parties in the manner provided in this section. 
  
 14. Consultation with Legal Counsel. Escrow Agent may consult with its
counsel or other counsel satisfactory to it concerning any question relating to its duties or responsibilities hereunder or otherwise in connection herewith and shall not be liable for any action taken, suffered or omitted by it in good faith upon
the advice of such counsel. 
  
 15. Choice of Law. The
validity and construction of this Escrow Agreement, and of the rights and duties of the Parties, shall be governed in accordance with the laws of the state of Texas. 
  
 16. Resignation. Escrow Agent may resign hereunder upon ten (10) days’ prior notice (the “Initial
Notice”) to the Other Parties. Upon the effective date of such resignation, Escrow Agent shall deliver the Escrowed Property to any substitute escrow agent designated by Team and Shareholder Representative in writing. If Team and Shareholder
Representative fail to designate a substitute escrow agent within ten (10) days after the Initial Notice, Escrow Agent 
  

 9 

 may institute a petition for interpleader. Escrow Agent’s obligations hereunder shall cease and terminate after the
Initial Notice and Escrow Agent’s sole responsibility after the Initial Notice expires shall be to hold the Escrowed Property (without any obligation to reinvest the same) and to deliver the same to a designated substitute escrow agent, if any,
or in accordance with the directions of a final order or judgment of a court of competent jurisdiction. 
  
 17. Assignment. This Escrow Agreement shall not be assigned by any of the Other Parties without the prior written consent of Escrow Agent.

  
 18. Severability. If one or more of the provisions
hereof shall for any reason be held to be invalid, illegal or unenforceable in any respect under applicable law, such invalidity, illegality, or unenforceability shall not affect any other provisions hereof, and this Escrow Agreement shall be
construed as if such invalid, illegal, or unenforceable provision had never been contained herein, and the remaining provisions hereof shall be given full force and effect. 
  
 19. Termination. This Escrow Agreement shall terminate upon the disbursement, in accordance with Sections 4 or 16
hereof, of the Escrowed Property in full; provided, however, that in the event all fees, expenses, costs, and other amounts required to be paid to Escrow Agent hereunder are not fully and finally paid prior to termination, the provisions of
Section 11 hereof (Compensation and Reimbursement of Expenses) shall survive the termination hereof, and provided further, that the last two sentences of Section 8 hereof (Right of Interpleader) and the provisions of Section 10 hereof
(Indemnification) shall, in any event, survive the termination hereof. 
  
 20. Not FDIC Insured. The Other Parties acknowledge that Deposit investments in mutual funds, money market mutual funds, and any other nondeposit investment products are not insured by the FDIC; are not deposits or
other obligations of, or guaranteed by Bank; and are subject to investment risks, including possible loss of the principal amount invested. 
  
 21 General. The section headings contained in this Escrow Agreement are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Escrow Agreement. This Escrow Agreement and any affidavit, certificate, instrument, agreement or other document required to be provided hereunder may be executed in multiple counterparts, each of which shall be deemed an
original, but all of which taken together shall constitute but one and the same instrument. Unless the context shall otherwise require, the singular shall include the plural and vice-versa, and each pronoun in any gender shall include all other
genders. The terms and provisions of this Escrow Agreement constitute the entire agreement among the Parties in respect of the subject matter hereof, and neither the Other Parties nor Escrow Agent has relied on any representations or agreements of
the other, except as specifically set forth in this Escrow Agreement. This Escrow Agreement or any provision hereof may be amended, modified, waived, or terminated only by written instrument duly signed by all Parties. This Escrow Agreement shall
inure to the benefit of, and be binding upon, the Parties and their respective heirs, devisees, executors, administrators, personal representatives, successors, trustees, receivers, and assignees permitted under Section 17 hereof. This Escrow
Agreement is for the sole and exclusive benefit of the Other Parties and Escrow Agent, and nothing in this Escrow Agreement, express or implied, is intended to confer or shall be construed as conferring upon any other person any rights, remedies, or
any other type or types of benefits. 
  
 ***** 
  

 10 

 IN WITNESS WHEREOF, the Parties have executed this Escrow Agreement to be effective as of the date first above
written. 
  

			
	 ESCROW AGENT
 COMPASS BANK

		
	 By:
	 	 /s/ Charles L. Ehrhardt, III

	 Name:
	 	 Charles L. Ehrhardt, III

	 Title:
	 	 Senior Vice President

	
	 TEAM, INC.

		
	 By:
	 	 /s/ Philip J. Hawk

	 Title:
	 	 Chairman and CEO

	
	 TEAM INDUSTRIAL SERVICES, INC

		
	 By:
	 	 /s/ Philip J. Hawk

	 Title:
	 	 Vice President

	
	 THERMAL SOLUTIONS, INC.

		
	 By:
	 	 Michael J. Urban

	 Title:
	 	 President

	
	 SHAREHOLDER REPRESENTATIVE

		
	 By:
	 	 /s/ Michael J. Urban

	 Name:
	 	 Michael J. Urban

	
	 SELLERS

	
	 /s/ Michael J. Urban

	 Michael J. Urban, individually

	 7620 W. Caley Dr.

	 Littleton, CO 80123

	
	 /s/ Emmett J. Lescroart

	 Emmett J. Lescroart, individually

	 280 Cherry Valley Rd.

	 Princeton, NJ 08540-7600

  

 11 

	
	 /s/ Frank Kargol

	 Frank Kargol, individually

	 23 Moon Dr.

	 Bailey, CO 80421

	
	 /s/ Tom Twedt

	 Tom Twedt, individually

	 1103 S. 9th
St.

	 Mt. Vernon, WA 98274

	
	 /s/ Kurt Hand

	 Kurt Hand, individually

	 10418 New Hampshire

	 Crown Point, IN 46307

	
	 /s/ James A. Fawcett

	 James A. Fawcett, individually

	 P.O. Box 65

	 Westminster, CO 80036-0065

	
	 /s/ Christine Mitcheltree

	 Christine Mitcheltree, individually

	 659 Wren Ct.

	 Griffith, IN 46319

	
	 /s/ Christopher Bicket

	 Christopher Bicket, individually

	 10838 E. Newton St #117

	 Tulsa, OK 74116

	
	 /s/ Michael Pajdzik

	 Michael Pajdzik, individually

	 1900 W. Ash St.

	 Griffith, IN 46319

	
	 /s/ Kieth Hildebrandt

	 Kieth Hildebrandt, individually

	 18826 Fisherman’s Loop

	 Burlington, WA 98233

  

 12 

 EXHIBIT A 
  

				
	 Sellers

	  	Pro Rata Interest

	 
	 Michael Urban
	  	52.85	%
	 Emmett J. Lescroart
	  	22.78	%
	 Frank Kargol
	  	4.22	%
	 Tom Twedt
	  	0.63	%
	 Kurt Hand
	  	3.16	%
	 James A. Fawcett
	  	2.64	%
	 Christine Mitcheltree
	  	5.27	%
	 Christopher Bicket
	  	2.11	%
	 Michael Pajdzik
	  	2.11	%
	 Kieth Hildebrandt
	  	4.22	%
	 	  	
	

	 	  	100.0	%

  

 13 

 EXHIBIT B 
  

WIRING INSTRUCTIONS 
  

			
	 Michael J. & Susan C. Urban
	  	 S.R. or C.M. Mitcheltree

		
	 Emmett J. & Deborah Lescroart
	  	 Kieth Hildebrandt

		
	 Thomas Twedt Jr.
	  	Frank Kargol
		
	 James A. Fawcett III
	  	 Mike Pajdzik

  

 14 

			
	 Christopher Bickett
	  	 Kurt Hand

  

 15

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