Document:

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                                                                   EXHIBIT 10.43

RECORDATION REQUESTED BY:
   KeyBank National Association
   OH-MM-Canfield
   6575 Seville Drive
   Canfield, OH 44406

WHEN RECORDED MAIL TO:
   KeyBank National Association
   Mail Code: OH-01-51-0544
   4910 Tiedeman Road
   Brooklyn, OH 44144

SEND TAX NOTICES TO:
   Sovereign Circuits, Inc.
   12080 Debartolo Drive
   North Jackson, OH 44451-9642                          FOR RECORDER'S USE ONLY

                          *01010033363100000500010G03*

                               OPEN - END MORTGAGE

MAXIMUM LIEN: THE MAXIMUM AMOUNT OF LOAN INDEBTEDNESS SECURED BY THIS OPEN-END
MORTGAGE IS $1,835,071.55. The words "Maximum Amount of Loan Indebtedness" as
used in this Mortgage mean the maximum unpaid balance of loan advances made
under the Note which may be outstanding at any one time. The Maximum Amount of
Loan Indebtedness does not include any (A) interest, (B) taxes, (C)
assessments, (D) insurance premiums, or (E) costs incurred for the protection of
the Property. Grantor and Lender intend that, in addition to any other
indebtedness or obligations secured hereby, this Mortgage shall secure
Indebtedness arising from loan advances made by Lender after this Mortgage is
delivered to the recorder for record.

THIS MORTGAGE DATED MAY 10, 2006, IS MADE AND EXECUTED BETWEEN SOVEREIGN
CIRCUITS, INC., AN OHIO CORPORATION, WHOSE ADDRESS IS 12080 DEBARTOLO DRIVE,
NORTH JACKSON, OH 44451-9642 (REFERRED TO BELOW AS "GRANTOR") AND KEYBANK
NATIONAL ASSOCIATION, WHOSE ADDRESS IS 6575 SEVILLE DRIVE, CANFIELD, OH 44406
(REFERRED TO BELOW AS "LENDER").

GRANT OF MORTGAGE. For valuable consideration, Grantor grants, mortgages and
conveys to Lender, with mortgage covenants and upon the statutory condition, all
of Grantor's right, title, and interest in and to the following described real
property, together with all existing or subsequently erected or affixed
buildings, improvements and fixtures; all easements, rights of way, and
appurtenances; all water, water rights, watercourses and ditch rights (including
stock in utilities with ditch or irrigation rights); and all other rights,
royalties, and profits relating to the real property, including without
limitation all minerals, oil, gas, geothermal and similar matters, (THE "REAL
PROPERTY") LOCATED IN MAHONING COUNTY, STATE OF OHIO:

     SEE EXHIBIT A, WHICH IS ATTACHED TO THIS MORTGAGE AND MADE A PART OF THIS
     MORTGAGE AS IF FULLY SET FORTH HEREIN.

THE REAL PROPERTY OR ITS ADDRESS IS COMMONLY KNOWN AS 12080 DEBARTOLO ST, NORTH
JACKSON, OH 44451.

CROSS-COLLATERALIZATION. In addition to the Note, this Mortgage secures all
obligations, debts and liabilities, plus interest thereon, of Grantor to Lender,
or any one or more of them, as well as all claims by Lender against Grantor or
any one or more of them, whether now existing or hereafter arising, whether
related or unrelated to the purpose of the Note, whether voluntary or otherwise,
whether due or not due, direct or indirect, determined or undetermined, absolute
or contingent, liquidated or unliquidated, whether Grantor may be liable
individually or jointly with others, whether obligated as guarantor, surety,
accommodation party or otherwise, and whether recovery upon such amounts may be
or hereafter may become barred by any statute of limitations, and whether the
obligation to repay such amounts may be or hereafter may become otherwise
unenforceable.

Grantor presently assigns to Lender all of Grantor's right, title, and interest
in and to all present and future leases of the Property and all Rents from the
Property. In addition, Grantor grants to Lender a Uniform Commercial Code
security interest in the Personal Property and Rents.

THIS MORTGAGE, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN
THE RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE
INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE
RELATED DOCUMENTS, AND THIS MORTGAGE. THIS MORTGAGE IS GIVEN AND ACCEPTED ON THE
FOLLOWING TERMS:

PAYMENT AND PERFORMANCE. Except as otherwise provided in this Mortgage, Grantor
shall pay to Lender all amounts secured by this Mortgage as they become due and
shall strictly perform all of Grantor's obligations under this Mortgage.

POSSESSION AND MAINTENANCE OF THE PROPERTY. Grantor agrees that Grantor's
possession and use of the Property shall be governed by the following
provisions:

     POSSESSION AND USE. Until the occurrence of an Event of Default, Grantor
     may (1) remain in possession and control of the Property;

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                                    MORTGAGE
LOAN NO: 50001                     (CONTINUED)                            PAGE 2

     (2) use, operate or manage the Property; and (3) collect the Rents from the
     Property.

     DUTY TO MAINTAIN. Grantor shall maintain the Property in tenantable
     condition and promptly perform all repairs, replacements, and maintenance
     necessary to preserve its value.

     COMPLIANCE WITH ENVIRONMENTAL LAWS. Grantor represents and warrants to
     Lender that: (1) During the period of Grantor's ownership of the Property,
     there has been no use, generation, manufacture, storage, treatment,
     disposal, release or threatened release of any Hazardous Substance by any
     person on, under, about or from the Property; (2) Grantor has no knowledge
     of, or reason to believe that there has been, except as previously
     disclosed to and acknowledged by Lender in writing, (a) any breach or
     violation of any Environmental Laws, (b) any use, generation, manufacture,
     storage, treatment, disposal, release or threatened release of any
     Hazardous Substance on, under, about or from the Property by any prior
     owners or occupants of the Property, or (c) any actual or threatened
     litigation or claims of any kind by any person relating to such matters;
     and (3) Except as previously disclosed to and acknowledged by Lender in
     writing, (a) neither Grantor nor any tenant, contractor, agent or other
     authorized user of the Property shall use, generate, manufacture, store,
     treat, dispose of or release any Hazardous Substance on, under, about or
     from the Property; and (b) any such activity shall be conducted in
     compliance with all applicable federal, state, and local laws, regulations
     and ordinances, including without limitation all Environmental Laws.
     Grantor authorizes Lender and its agents to enter upon the Property to make
     such inspections and tests, at Grantor's expense, as Lender may deem
     appropriate to determine compliance of the Property with this section of
     the Mortgage. Any inspections or tests made by Lender shall be for Lender's
     purposes only and shall not be construed to create any responsibility or
     liability on the part of Lender to Grantor or to any other person. The
     representations and warranties contained herein are based on Grantor's due
     diligence in investigating the Property for Hazardous Substances. Grantor
     hereby (1) releases and waives any future claims against Lender for
     indemnity or contribution in the event Grantor becomes liable for cleanup
     or other costs under any such laws; and (2) agrees to indemnify and hold
     harmless Lender against any and all claims, losses, liabilities, damages,
     penalties, and expenses which Lender may directly or indirectly sustain or
     suffer resulting from a breach of this section of the Mortgage or as a
     consequence of any use, generation, manufacture, storage, disposal, release
     or threatened release occurring prior to Grantor's ownership or interest in
     the Property, whether or not the same was or should have been known to
     Grantor. The provisions of this section of the Mortgage, including the
     obligation to indemnify, shall survive the payment of the Indebtedness and
     the satisfaction and reconveyance of the lien of this Mortgage and shall
     not be affected by Lender's acquisition of any interest in the Property,
     whether by foreclosure or otherwise.

     NUISANCE, WASTE. Grantor shall not cause, conduct or permit any nuisance
     nor commit, permit, or suffer any stripping of or waste on or to the
     Property or any portion of the Property. Without limiting the generality of
     the foregoing, Grantor will not remove, or grant to any other party the
     right to remove, any timber, minerals (including oil and gas), coal, clay,
     scoria, soil, gravel or rock products without Lender's prior written
     consent.

     REMOVAL OF IMPROVEMENTS. Grantor shall not demolish or remove any
     Improvements from the Real Property without Lender's prior written consent.
     As a condition to the removal of any Improvements, Lender may require
     Grantor to make arrangements satisfactory to Lender to replace such
     Improvements with Improvements of at least equal value.

     LENDER'S RIGHT TO ENTER. Lender and Lender's agents and representatives may
     enter upon the Real Property at all reasonable times to attend to Lender's
     interests and to inspect the Real Property for purposes of Grantor's
     compliance with the terms and conditions of this Mortgage.

     COMPLIANCE WITH GOVERNMENTAL REQUIREMENTS. Grantor shall promptly comply
     with all laws, ordinances, and regulations, now or hereafter in effect, of
     all governmental authorities applicable to the use or occupancy of the
     Property, including without limitation, the Americans With Disabilities
     Act. Grantor may contest in good faith any such law, ordinance, or
     regulation and withhold compliance during any proceeding, including
     appropriate appeals, so long as Grantor has notified Lender in writing
     prior to doing so and so long as, in Lender's sole opinion, Lender's
     interests in the Property are not jeopardized. Lender may require Grantor
     to post adequate security or a surety bond, reasonably satisfactory to
     Lender, to protect Lender's interest.

     DUTY TO PROTECT. Grantor agrees neither to abandon or leave unattended the
     Property. Grantor shall do all other acts, in addition to those acts set
     forth above in this section, which from the character and use of the
     Property are reasonably necessary to protect and preserve the Property.

DUE ON SALE - CONSENT BY LENDER. Lender may, at Lender's option, declare
immediately due and payable all sums secured by this Mortgage upon the sale or
transfer, without Lender's prior written consent, of all or any part of the Real
Property, or any interest in the Real Property. A "sale or transfer" means the
conveyance of Real Property or any right, title or interest in the Real
Property; whether legal, beneficial or equitable; whether voluntary or
involuntary; whether by outright sale, deed, installment sale contract, land
contract, contract for deed, leasehold interest with a term greater than three
(3) years, lease-option contract, or by sale, assignment, or transfer of any
beneficial interest in or to any land trust holding title to the Real Property,
or by any other method of conveyance of an interest in the Real Property. If any
Grantor is a corporation, partnership or limited liability company, transfer
also includes any change in ownership of more than twenty-five percent (25%) of
the voting stock, partnership interests or limited liability company interests,
as the case may be, of such Grantor. However, this option shall not be exercised
by Lender if such exercise is prohibited by federal law or by Ohio law.

TAXES AND LIENS. The following provisions relating to the taxes and liens on the
Property are part of this Mortgage:

     PAYMENT. Grantor shall pay when due (and in all events prior to
     delinquency) all taxes, payroll taxes, special taxes, assessments, water
     charges and sewer service charges levied against or on account of the
     Property, and shall pay when due all claims for work done on or for
     services rendered or material furnished to the Property. Grantor shall
     maintain the Property free of any liens having priority over or equal to
     the interest of Lender under this Mortgage, except for the Existing
     Indebtedness referred to in this Mortgage or those liens specifically
     agreed to in writing by Lender, and except for the lien of taxes and
     assessments not due as further specified in the Right to Contest paragraph.

     RIGHT TO CONTEST. Grantor may withhold payment of any tax, assessment, or
     claim in connection with a good faith dispute over the obligation to pay,
     so long as Lender's interest in the Property is not jeopardized. If a lien
     arises or is filed as a result of nonpayment, Grantor shall within fifteen
     (15) days after the lien arises or, if a lien is filed, within fifteen (15)
     days after Grantor has notice of the filing, secure the discharge of the
     lien, or if requested by Lender, deposit with Lender cash or a sufficient
     corporate surety bond or
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                                    MORTGAGE
LOAN NO: 50001                     (CONTINUED)                            PAGE 3

     other security satisfactory to Lender in an amount sufficient to discharge
     the lien plus any costs and attorneys' fees, or other charges that could
     accrue as a result of a foreclosure or sale under the lien. In any contest,
     Grantor shall defend itself and Lender and shall satisfy any adverse
     judgment before enforcement against the Property. Grantor shall name Lender
     as an additional obligee under any surety bond furnished in the contest
     proceedings.

     EVIDENCE OF PAYMENT. Grantor shall upon demand furnish to Lender
     satisfactory evidence of payment of the taxes or assessments and shall
     authorize the appropriate governmental official to deliver to Lender at any
     time a written statement of the taxes and assessments against the Property.

     NOTICE OF CONSTRUCTION. Grantor shall notify Lender at least fifteen (15)
     days before any work is commenced, any services are furnished, or any
     materials are supplied to the Property, if any mechanic's lien,
     materialmen's lien, or other lien could be asserted on account of the work,
     services, or materials and the cost exceeds $5,000.00. Grantor will upon
     request of Lender furnish to Lender advance assurances satisfactory to
     Lender that Grantor can and will pay the cost of such improvements.

PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the
Property are a part of this Mortgage:

     MAINTENANCE OF INSURANCE. Grantor shall procure and maintain policies of
     fire insurance with standard extended coverage endorsements on an actual
     cash value basis for the full insurable value covering all Improvements on
     the Real Property in an amount sufficient to avoid application of any
     coinsurance clause, and with a standard mortgagee clause in favor of
     Lender. Grantor shall also procure and maintain comprehensive general
     liability insurance in such coverage amounts as Lender may request with
     Lender being named as additional insureds in such liability insurance
     policies. Additionally, Grantor shall maintain such other insurance,
     including but not limited to hazard, business interruption and boiler
     insurance as Lender may require. Policies shall be written by such
     insurance companies and in such form as may be reasonably acceptable to
     Lender. Grantor shall deliver to Lender certificates of coverage from each
     insurer containing a stipulation that coverage will not be cancelled or
     diminished without a minimum of ten (10) days' prior written notice to
     Lender and not containing any disclaimer of the insurer's liability for
     failure to give such notice. Each insurance policy also shall include an
     endorsement providing that coverage in favor of Lender will not be impaired
     in any way by any act, omission or default of Grantor or any other person.
     Should the Real Property be located in an area designated by the Director
     of the Federal Emergency Management Agency as a special flood hazard area,
     Grantor agrees to obtain and maintain Federal Flood Insurance, if
     available, within 45 days after notice is given by Lender that the Property
     is located in a special flood hazard area, for the full unpaid principal
     balance of the loan and any prior liens on the property securing the loan,
     up to the maximum policy limits set under the National Flood Insurance
     Program, or as otherwise required by Lender, and to maintain such insurance
     for the term of the loan.

     APPLICATION OF PROCEEDS. Grantor shall promptly notify Lender of any loss
     or damage to the Property if the estimated cost of repair or replacement
     exceeds $500.00. Lender may make proof of loss if Grantor fails to do so
     within fifteen (15) days of the casualty. Whether or not Lender's
     security is impaired, Lender may, at Lender's election, receive and retain
     the proceeds of any insurance and apply the proceeds to the reduction of
     the Indebtedness, payment of any lien affecting the Property, or the
     restoration and repair of the Property. If Lender elects to apply the
     proceeds to restoration and repair, Grantor shall repair or replace the
     damaged or destroyed Improvements in a manner satisfactory to Lender.
     Lender shall, upon satisfactory proof of such expenditure, pay or reimburse
     Grantor from the proceeds for the reasonable cost of repair or restoration
     if Grantor is not in default under this Mortgage. Any proceeds which have
     not been disbursed within 180 days after their receipt and which Lender has
     not committed to the repair or restoration of the Property shall be used
     first to pay any amount owing to Lender under this Mortgage, then to pay
     accrued interest, and the remainder, if any, shall be applied to the
     principal balance of the Indebtedness. If Lender holds any proceeds after
     payment in full of the Indebtedness, such proceeds shall be paid to Grantor
     as Grantor's interests may appear.

     COMPLIANCE WITH EXISTING INDEBTEDNESS. During the period in which any
     Existing Indebtedness described below is in effect, compliance with the
     insurance provisions contained in the instrument evidencing such Existing
     Indebtedness shall constitute compliance with the insurance provisions
     under this Mortgage, to the extent compliance with the terms of this
     Mortgage would constitute a duplication of insurance requirement. If any
     proceeds from the insurance become payable on loss, the provisions in this
     Mortgage for division of proceeds shall apply only to that portion of the
     proceeds not payable to the holder of the Existing Indebtedness.

     GRANTOR'S REPORT ON INSURANCE. Upon request of Lender, however not more
     than once a year. Grantor shall furnish to Lender a report on each existing
     policy of insurance showing: (1) the name of the insurer; (2) the risks
     insured; (3) the amount of the policy; (4) the property insured, the then
     current replacement value of such property, and the manner of determining
     that value; and (5) the expiration date of the policy. Grantor shall, upon
     request of Lender, have an independent appraiser satisfactory to Lender
     determine the cash value replacement cost of the Property.

TAX AND INSURANCE RESERVES. Subject to any limitations set by applicable law,
Lender may require Grantor to maintain with Lender reserves for payment of
annual taxes, assessments, and insurance premiums, which reserves shall be
created by advance payment or monthly payments of a sum estimated by Lender to
be sufficient to produce, amounts at least equal to the taxes, assessments, and
insurance premiums to be paid. The reserve funds shall be held by Lender as a
general deposit from Grantor, which Lender may satisfy by payment of the taxes,
assessments, and insurance premiums required to be paid by Grantor as they
become due. Lender shall have the right to draw upon the reserve funds to pay
such items, and Lender shall not be required to determine the validity or
accuracy of any item before paying it. Nothing in the Mortgage shall be
construed as requiring Lender to advance other monies for such purposes, and
Lender shall not incur any liability for anything it may do or omit to do with
respect to the reserve account. Subject to any limitations set by applicable
law, if the reserve funds disclose a shortage or deficiency, Grantor shall pay
such shortage or deficiency as required by Lender. All amounts in the reserve
account are hereby pledged to further secure the Indebtedness, and Lender is
hereby authorized to withdraw and apply such amounts on the Indebtedness upon
the occurrence of an Event of Default. Lender shall not be required to pay any
interest or earnings on the reserve funds unless required by law or agreed to by
Lender in writing. Lender does not hold the reserve funds in trust for Grantor,
and Lender is not Grantor's agent for payment of the taxes and assessments
required to be paid by Grantor.

LENDER'S EXPENDITURES. If any action or proceeding is commenced that would
materially affect Lender's interest in the Property or if Grantor fails to
comply with any provision of this Mortgage or any Related Documents, including
but not limited to Grantor's failure to comply with any obligation to maintain
Existing Indebtedness in good standing as required below, or to discharge or pay
when due any amounts Grantor is required to discharge or pay under this Mortgage
or any Related Documents, Lender on Grantor's behalf may (but shall

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                                    MORTGAGE
LOAN NO: 50001                     (CONTINUED)                            PAGE 4

not be obligated to) take any action that Lender deems appropriate, including
but not limited to discharging or paying all taxes, liens, security interests,
encumbrances and other claims, at any time levied or placed on the Property and
paying all costs for insuring, maintaining and preserving the Property. All such
expenditures incurred or paid by Lender for such purposes will then bear
interest at the rate charged under the Note from the date incurred or paid by
Lender to the date of repayment by Grantor. All such expenses will become a part
of the Indebtedness and, at Lender's option, will (A) be payable on demand; (B)
be added to the balance of the Note and be apportioned among and be payable with
any installment payments to become due during either (1) the term of any
applicable insurance policy; or (2) the remaining term of the Note; or (C) be
treated as a balloon payment which will be due and payable at the Note's
maturity. The Mortgage also will secure payment of these amounts. Such right
shall be in addition to all other rights and remedies to which Lender may be
entitled upon Default.

WARRANTY; DEFENSE OF TITLE. The following provisions relating to ownership of
the Property are a part of this Mortgage:

     TITLE. Grantor warrants that: (a) Grantor holds good and marketable title
     of record to the Property in fee simple, free and clear of all liens and
     encumbrances other than those set forth in the Real Property description or
     in the Existing Indebtedness section below or in any title insurance
     policy, title report, or final title opinion issued in favor of, and
     accepted by, Lender in connection with this Mortgage, and (b) Grantor has
     the full right, power, and authority to execute and deliver this Mortgage
     to Lender.

     DEFENSE OF TITLE. Subject to the exception in the paragraph above, Grantor
     warrants and will forever defend the title to the Property against the
     lawful claims of all persons. In the event any action or proceeding is
     commenced that questions Grantor's title or the interest of Lender under
     this Mortgage, Grantor shall defend the action at Grantor's expense.
     Grantor may be the nominal party in such proceeding, but Lender shall be
     entitled to participate in the proceeding and to be represented in the
     proceeding by counsel of Lender's own choice, and Grantor will deliver, or
     cause to be delivered, to Lender such instruments as Lender may request
     from time to time to permit such participation.

     COMPLIANCE WITH LAWS. Grantor warrants that the Property and Grantor's use
     of the Property complies with all existing applicable laws, ordinances, and
     regulations of governmental authorities.

     SURVIVAL OF REPRESENTATIONS AND WARRANTIES. All representations,
     warranties, and agreements made by Grantor in this Mortgage shall survive
     the execution and delivery of this Mortgage, shall be continuing in nature,
     and shall remain in full force and effect until such time as Grantor's
     Indebtedness shall be paid in full.

EXISTING INDEBTEDNESS. The following provisions concerning Existing Indebtedness
are a part of this Mortgage:

     EXISTING LIEN. The lien of this Mortgage securing the Indebtedness may be
     secondary and inferior to an existing lien. Grantor expressly covenants and
     agrees to pay, or see to the payment of, the Existing Indebtedness and to
     prevent any default on such indebtedness, any default under the instruments
     evidencing such indebtedness, or any default under any security documents
     for such indebtedness.

     NO MODIFICATION. Grantor shall not enter into any agreement with the holder
     of any mortgage, deed of trust, or other security agreement which has
     priority over this Mortgage by which that agreement is modified, amended,
     extended, or renewed without the prior written consent of Lender. Grantor
     shall neither request nor accept any future advances under any such
     security agreement without the prior written consent of Lender.

CONDEMNATION. The following provisions relating to condemnation proceedings are
a part of this Mortgage:

     PROCEEDINGS. If any proceeding in condemnation is filed, Grantor shall
     promptly notify Lender in writing, and Grantor shall promptly take such
     steps as may be necessary to defend the action and obtain the award.
     Grantor may be the nominal party in such proceeding, but Lender shall be
     entitled to participate in the proceeding and to be represented in the
     proceeding by counsel of its own choice, and Grantor will deliver or cause
     to be delivered to Lender such instruments and documentation as may be
     requested by Lender from time to time to permit such participation.

     APPLICATION OF NET PROCEEDS. If all or any part of the Property is
     condemned by eminent domain proceedings or by any proceeding or purchase in
     lieu of condemnation, Lender may at its election require that all or any
     portion of the net proceeds of the award be applied to the Indebtedness or
     the repair or restoration of the Property. The net proceeds of the award
     shall mean the award after payment of all reasonable costs, expenses, and
     attorneys' fees incurred by Lender in connection with the condemnation.

IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The following
provisions relating to governmental taxes, fees and charges are a part of this
Mortgage:

     CURRENT TAXES, FEES AND CHARGES. Upon request by Lender, Grantor shall
     execute such documents in addition to this Mortgage and take whatever other
     action is requested by Lender to perfect and continue Lender's lien on the
     Real Property. Grantor shall reimburse Lender for all taxes, as described
     below, together with all expenses incurred in recording, perfecting or
     continuing this Mortgage, including without limitation all taxes, fees,
     documentary stamps, and other charges for recording or registering this
     Mortgage.

     TAXES. The following shall constitute taxes to which this section applies:
     (1) a specific tax upon this type of Mortgage or upon all or any part of
     the Indebtedness secured by this Mortgage; (2) a specific tax on Grantor
     which Grantor is authorized or required to deduct from payments on the
     Indebtedness secured by this type of Mortgage; (3) a tax on this type of
     Mortgage chargeable against the Lender or the holder of the Note; and (4) a
     specific tax on all or any portion of the Indebtedness or on payments of
     principal and interest made by Grantor.

     SUBSEQUENT TAXES. If any tax to which this section applies is enacted
     subsequent to the date of this Mortgage, this event shall have the same
     effect as an Event of Default, and Lender may exercise any or all of its
     available remedies for an Event of Default as provided below unless Grantor
     either (1) pays the tax before it becomes delinquent, or (2) contests the
     tax as provided above in the Taxes and Liens section and deposits with
     Lender cash or a sufficient corporate surety bond or other security
     satisfactory to Lender.

SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to
this Mortgage as a security agreement are a part of this Mortgage:

     SECURITY AGREEMENT. This instrument shall constitute a Security Agreement
     to the extent any of the Property constitutes fixtures, and
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                                    MORTGAGE
LOAN NO: 50001                     (CONTINUED)                            PAGE 5

     Lender shall have all of the rights of a secured party under the Uniform
     Commercial Code as amended from time to time.

     SECURITY INTEREST. Upon request by Lender, Grantor shall take whatever
     action is requested by Lender to perfect and continue Lender's security
     interest in the Rents and Personal Property. In addition to recording this
     Mortgage in the real property records, Lender may, at any time and without
     further authorization from Grantor, file executed counterparts, copies or
     reproductions of this Mortgage as a financing statement. Grantor shall
     reimburse Lender for all expenses incurred in perfecting or continuing this
     security interest. Upon default, Grantor shall not remove, sever or detach
     the Personal Property from the Property. Upon default, Grantor shall
     assemble any Personal Property not affixed to the Property in a manner and
     at a place reasonably convenient to Grantor and Lender and make it
     available to Lender within three (3) days after receipt of written demand
     from Lender to the extent permitted by applicable law.

     ADDRESSES. The mailing addresses of Grantor (debtor) and Lender (secured
     party) from which information concerning the security interest granted by
     this Mortgage may be obtained (each as required by the Uniform Commercial
     Code) are as stated on the first page of this Mortgage.

FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relating to
further assurances and attorney-in-fact are a part of this Mortgage:

     FURTHER ASSURANCES. At any time, and from time to time, upon request of
     Lender, Grantor will make, execute and deliver, or will cause to be made,
     executed or delivered, to Lender or to Lender's designee, and when
     requested by Lender, cause to be filed, recorded, refiled, or rerecorded,
     as the case may be, at such times and in such offices and places as Lender
     may deem appropriate, any and all such mortgages, deeds of trust, security
     deeds, security agreements, financing statements, continuation statements,
     instruments of further assurance, certificates, and other documents as may,
     in the sole opinion of Lender, be necessary or desirable in order to
     effectuate, complete, perfect, continue, or preserve (1) Grantor's
     obligations under the Note, this Mortgage, and the Related Documents, and
     (2) the liens and security interests created by this Mortgage as first and
     prior liens on the Property, whether now owned or hereafter acquired by
     Grantor. Unless prohibited by law or Lender agrees to the contrary in
     writing, Grantor shall reimburse Lender for all costs and expenses incurred
     in connection with the matters referred to in this paragraph.

     ATTORNEY-IN-FACT. If Grantor fails to do any of the things referred to in
     the preceding paragraph, Lender may do so for and in the name of Grantor
     and at Grantor's expense. For such purposes, Grantor hereby irrevocably
     appoints Lender as Grantor's attorney-in-fact for the purpose of making,
     executing, delivering, filing, recording, and doing all other things as may
     be necessary or desirable, in Lender's sole opinion, to accomplish the
     matters referred to in the preceding paragraph.

FULL PERFORMANCE. If Grantor pays all the Indebtedness when due, and otherwise
performs all the obligations imposed upon Grantor under this Mortgage, Lender
shall execute and deliver to Grantor a suitable satisfaction of this Mortgage
and suitable statements of termination of any financing statement on file
evidencing Lender's security interest in the Rents and the Personal Property.
Grantor will pay, if permitted by applicable law, any reasonable termination fee
as determined by Lender from time to time.

EVENTS OF DEFAULT. Each of the following, at Lender's option, shall constitute
an Event of Default under this Mortgage:

     PAYMENT DEFAULT. Grantor fails to make any payment when due under the
     Indebtedness.

     DEFAULT ON OTHER PAYMENTS. Failure of Grantor within the time required by
     this Mortgage to make any payment for taxes or insurance, or any other
     payment necessary to prevent filing of or to effect discharge of any lien.

     OTHER DEFAULTS. Grantor fails to comply with or to perform any other term,
     obligation, covenant or condition contained in this Mortgage or in any of
     the Related Documents or to comply with or to perform any term, obligation,
     covenant or condition contained in any other agreement between Lender and
     Grantor.

     DEFAULT IN FAVOR OF THIRD PARTIES. Should Grantor default under any loan,
     extension of credit, security agreement, purchase or sales agreement, or
     any other agreement, in favor of any other creditor or person that may
     materially affect any of Grantor's property or Grantor's ability to repay
     the Indebtedness or Grantor's ability to perform Grantor's obligations
     under this Mortgage or any related document.

     FALSE STATEMENTS. Any warranty, representation or statement made or
     furnished to Lender by Grantor or on Grantor's behalf under this Mortgage
     or the Related Documents is false or misleading in any material respect,
     either now or at the time made or furnished or becomes false or misleading
     at any time thereafter.

     DEFECTIVE COLLATERALIZATION. This Mortgage or any of the Related Documents
     ceases to be in full force and effect (including failure of any collateral
     document to create a valid and perfected security interest or lien) at any
     time and for any reason.

     INSOLVENCY. The dissolution or termination of Grantor's existence as a
     going business, the insolvency of Grantor, the appointment of a receiver
     for any part of Grantor's property, any assignment for the benefit of
     creditors, any type of creditor workout, or the commencement of any
     proceeding under any bankruptcy or insolvency laws by or against Grantor.

     CREDITOR OR FORFEITURE PROCEEDINGS. Commencement of foreclosure or
     forfeiture proceedings, whether by judicial proceeding, self-help,
     repossession or any other method, by any creditor of Grantor or by any
     governmental agency against any property securing the Indebtedness. This
     includes a garnishment of any of Grantor's accounts, including deposit
     accounts, with Lender. However, this Event of Default shall not apply if
     there is a good faith dispute by Grantor as to the validity or
     reasonableness of the claim which is the basis of the creditor or
     forfeiture proceeding and if Grantor gives Lender written notice of the
     creditor or forfeiture proceeding and deposits with Lender monies or a
     surety bond for the creditor or forfeiture proceeding, in an amount
     determined by Lender, in its sole discretion, as being an adequate reserve
     or bond for the dispute.

     EXISTING INDEBTEDNESS. The payment of any installment of principal or any
     interest on the Existing Indebtedness is not made within the time required
     by the promissory note evidencing such indebtedness, or a default occurs
     under the instrument securing such indebtedness and is not cured during any
     applicable grace period in such instrument, or any suit or other action is
     commenced to foreclose any existing lien on the Property.

     BREACH OF OTHER AGREEMENT. Any breach by Grantor under the terms of any
     other agreement between Grantor and Lender that is not remedied within any
     grace period provided therein, including without limitation any agreement
     concerning any indebtedness or other

<PAGE>

                                    MORTGAGE
LOAN NO: 50001                     (CONTINUED)                            PAGE 6

     obligation of Grantor to Lender, whether existing now or later.

     EVENTS AFFECTING GUARANTOR. Any of the preceding events occurs with respect
     to any guarantor, endorser, surety, or accommodation party of any of the
     Indebtedness or any guarantor, endorser, surety, or accommodation party
     dies or becomes incompetent, or revokes or disputes the validity of, or
     liability under, any Guaranty of the Indebtedness. In the event of a death,
     Lender, at its option, may, but shall not be required to, permit the
     guarantor's estate to assume unconditionally the obligations arising under
     the guaranty in a manner satisfactory to Lender, and, in doing so, cure any
     Event of Default.

     ADVERSE CHANGE. A material adverse change occurs in Grantor's financial
     condition, or Lender believes the prospect of payment or performance of the
     Indebtedness is impaired.

     INSECURITY. Lender in good faith believes itself insecure.

     RIGHT TO CURE. If any default, other than a default in payment is curable
     and if Grantor has not been given a notice of a breach of the same
     provision of this Mortgage within the preceding twelve (12) months, it may
     be cured if Grantor, after receiving written notice from Lender demanding
     cure of such default: (1) cures the default within fifteen (15) days; or
     (2) if the cure requires more than fifteen (15) days, immediately initiates
     steps which Lender deems in Lender's sole discretion to be sufficient to
     cure the default and thereafter continues and completes all reasonable and
     necessary steps sufficient to produce compliance as soon as reasonably
     practical.

RIGHTS AND REMEDIES ON DEFAULT. Upon the occurrence of an Event of Default and
at any time thereafter, Lender, at Lender's option, may exercise any one or more
of the following rights and remedies, in addition to any other rights or
remedies provided by law:

     ACCELERATE INDEBTEDNESS. Lender shall have the right at its option without
     notice to Grantor to declare the entire Indebtedness immediately due and
     payable, including any prepayment penalty which Grantor would be required
     to pay.

     UCC REMEDIES. With respect to all or any part of the Personal Property,
     Lender shall have all the rights and remedies of a secured party under the
     Uniform Commercial Code.

     COLLECT RENTS. Lender shall have the right, without notice to Grantor, to
     take possession of the Property and collect the Rents, including amounts
     past due and unpaid, and apply the net proceeds, over and above Lender's
     costs, against the Indebtedness. In furtherance of this right, Lender may
     require any tenant or other user of the Property to make payments of rent
     or use fees directly to Lender. If the Rents are collected by Lender, then
     Grantor irrevocably designates Lender as Grantor's attorney-in-fact to
     endorse instruments received in payment thereof in the name of Grantor and
     to negotiate the same and collect the proceeds. Payments by tenants or
     other users to Lender in response to Lender's demand shall satisfy the
     obligations for which the payments are made, whether or not any proper
     grounds for the demand existed. Lender may exercise its rights under this
     subparagraph either in person, by agent, or through a receiver.

     APPOINT RECEIVER. Lender shall have the right to have a receiver appointed
     to take possession of all or any part of the Property, with the power to
     protect and preserve the Property, to operate the Property preceding
     foreclosure or sale, and to collect the Rents from the Property and apply
     the proceeds, over and above the cost of the receivership, against the
     Indebtedness. The receiver may serve without bond if permitted by law.
     Lender's right to the appointment of a receiver shall exist whether or not
     the apparent value of the Property exceeds the Indebtedness by a
     substantial amount. Employment by Lender shall not disqualify a person from
     serving as a receiver.

     JUDICIAL FORECLOSURE. Lender may obtain a judicial decree foreclosing
     Grantor's interest in all or any part of the Property.

     DEFICIENCY JUDGMENT. If permitted by applicable law, Lender may obtain a
     judgment for any deficiency remaining in the Indebtedness due to Lender
     after application of all amounts received from the exercise of the rights
     provided in this section.

     TENANCY AT SUFFERANCE. If Grantor remains in possession of the Property
     after the Property is sold as provided above or Lender otherwise becomes
     entitled to possession of the Property upon default of Grantor, Grantor
     shall become a tenant at sufferance of Lender or the purchaser of the
     Property and shall, at Lender's option, either (1) pay a reasonable rental
     for the use of the Property, or (2) vacate the Property immediately upon
     the demand of Lender.

     OTHER REMEDIES. Lender shall have all other rights and remedies provided in
     this Mortgage or the Note or available at law or in equity.

     SALE OF THE PROPERTY. To the extent permitted by applicable law, Grantor
     hereby waives any and all right to have the Property marshalled. In
     exercising its rights and remedies, Lender shall be free to sell all or any
     part of the Property together or separately, in one sale or by separate
     sales. Lender shall be entitled to bid at any public sale on all or any
     portion of the Property.

     NOTICE OF SALE. Lender shall give Grantor reasonable notice of the time and
     place of any public sale of the Personal Property or of the time after
     which any private sale or other intended disposition of the Personal
     Property is to be made. Reasonable notice shall mean notice given at least
     ten (10) days before the time of the sale or disposition. Any sale of the
     Personal Property may be made in conjunction with any sale of the Real
     Property.

     ELECTION OF REMEDIES. Election by Lender to pursue any remedy shall not
     exclude pursuit of any other remedy, and an election to make expenditures
     or to take action to perform an obligation of Grantor under this Mortgage,
     after Grantor's failure to perform, shall not affect Lender's right to
     declare a default and exercise its remedies. Nothing under this Mortgage or
     otherwise shall be construed so as to limit or restrict the rights and
     remedies available to Lender following an Event of Default, or in any way
     to limit or restrict the rights and ability of Lender to proceed directly
     against Grantor and/or against any other co-maker, guarantor, surety or
     endorser and/or to proceed against any other collateral directly or
     indirectly securing the Indebtedness.

     ATTORNEYS' FEES; EXPENSES. If Lender institutes any suit or action to
     enforce any of the terms of this Mortgage, Lender shall be entitled to
     recover such sum as the court may adjudge reasonable as attorneys' fees at
     trial and upon any appeal. Whether or not any court action is involved, and
     to the extent not prohibited by law, all reasonable expenses Lender incurs
     that in Lender's opinion are necessary at any time for the protection of
     its interest or the enforcement of its rights shall become a part of the
     Indebtedness payable on demand and shall bear interest at the Note rate
     from the date of the expenditure until repaid. Expenses covered by this
     paragraph include, without limitation, however subject to any limits under
     applicable law, Lender's attorneys' fees and Lender's legal expenses,

<PAGE>

                                    MORTGAGE
LOAN NO: 50001                     (CONTINUED)                            PAGE 7

     whether or not there is a lawsuit, including attorneys' fees and expenses
     for bankruptcy proceedings (including efforts to modify or vacate any
     automatic stay or injunction), appeals, and any anticipated post-judgment
     collection services, the cost of searching records, obtaining title reports
     (including foreclosure reports), surveyors' reports, and appraisal fees and
     title insurance, to the extent permitted by applicable law. Grantor also
     will pay any court costs, in addition to all other sums provided by law.

NOTICES. Any notice required to be given under this Mortgage, including without
limitation any notice of default and any notice of sale shall be given in
writing, and shall be effective when actually delivered, when actually received
by telefacsimile (unless otherwise required by law), when deposited with a
nationally recognized overnight courier, or, if mailed, when deposited in the
United States mail, as first class, certified or registered mail postage
prepaid, directed to the addresses shown near the beginning of this Mortgage.
All copies of notices of foreclosure from the holder of any lien which has
priority over this Mortgage shall be sent to Lender's address, as shown near the
beginning of this Mortgage. Any party may change its address for notices under
this Mortgage by giving formal written notice to the other parties, specifying
that the purpose of the notice is to change the party's address. For notice
purposes, Grantor agrees to keep Lender informed at all times of Grantor's
current address. Unless otherwise provided or required by law, if there is more
than one Grantor, any notice given by Lender to any Grantor is deemed to be
notice given to all Grantors.

MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of
this Mortgage:

     AMENDMENTS. This Mortgage, together with any Related Documents, constitutes
     the entire understanding and agreement of the parties as to the matters set
     forth in this Mortgage. No alteration of or amendment to this Mortgage
     shall be effective unless given in writing and signed by the party or
     parties sought to be charged or bound by the alteration or amendment.

     ANNUAL REPORTS. If the Property is used for purposes other than Grantor's
     residence, Grantor shall furnish to Lender, upon request, a certified
     statement of net operating income received from the Property during
     Grantor's previous fiscal year in such form and detail as Lender shall
     require. "Net operating income" shall mean all cash receipts from the
     Property less all cash expenditures made in connection with the operation
     of the Property.

     CAPTION HEADINGS. Caption headings in this Mortgage are for convenience
     purposes only and are not to be used to interpret or define the provisions
     of this Mortgage.

     GOVERNING LAW. THIS MORTGAGE WILL BE GOVERNED BY FEDERAL LAW APPLICABLE TO
     LENDER AND, TO THE EXTENT NOT PREEMPTED BY FEDERAL LAW, THE LAWS OF THE
     STATE OF OHIO WITHOUT REGARD TO ITS CONFLICTS OF LAW PROVISIONS. THIS
     MORTGAGE HAS BEEN ACCEPTED BY LENDER IN THE STATE OF OHIO.

     NO WAIVER BY LENDER. Lender shall not be deemed to have waived any rights
     under this Mortgage unless such waiver is given in writing and signed by
     Lender. No delay or omission on the part of Lender in exercising any right
     shall operate as a waiver of such right or any other right. A waiver by
     Lender of a provision of this Mortgage shall not prejudice or constitute a
     waiver of Lender's right otherwise to demand strict compliance with that
     provision or any other provision of this Mortgage. No prior waiver by
     Lender, nor any course of dealing between Lender and Grantor, shall
     constitute a waiver of any of Lender's rights or of any of Grantor's
     obligations as to any future transactions. Whenever the consent of Lender
     is required under this Mortgage, the granting of such consent by Lender in
     any instance shall not constitute continuing consent to subsequent
     instances where such consent is required and in all cases such consent may
     be granted or withheld in the sole discretion of Lender.

     SEVERABILITY. If a court of competent jurisdiction finds any provision of
     this Mortgage to be illegal, invalid, or unenforceable as to any
     circumstance, that finding shall not make the offending provision illegal,
     invalid, or unenforceable as to any other circumstance. If feasible, the
     offending provision shall be considered modified so that it becomes legal,
     valid and enforceable. If the offending provision cannot be so modified, it
     shall be considered deleted from this Mortgage. Unless otherwise required
     by law, the illegality, invalidity, or unenforceability of any provision of
     this Mortgage shall not affect the legality, validity or enforceability of
     any other provision of this Mortgage.

     MERGER. There shall be no merger of the interest or estate created by this
     Mortgage with any other interest or estate in the Property at any time held
     by or for the benefit of Lender in any capacity, without the written
     consent of Lender.

     SUCCESSORS AND ASSIGNS. Subject to any limitations stated in this Mortgage
     on transfer of Grantor's interest, this Mortgage shall be binding upon and
     inure to the benefit of the parties, their successors and assigns. If
     ownership of the Property becomes vested in a person other than Grantor,
     Lender, without notice to Grantor, may deal with Grantor's successors with
     reference to this Mortgage and the Indebtedness by way of forbearance or
     extension without releasing Grantor from the obligations of this Mortgage
     or liability under the Indebtedness.

     TIME IS OF THE ESSENCE. Time is of the essence in the performance of this
     Mortgage.

     WAIVE JURY. ALL PARTIES TO THIS MORTGAGE HEREBY WAIVE THE RIGHT TO ANY JURY
     TRIAL IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM BROUGHT BY ANY PARTY
     AGAINST ANY OTHER PARTY.

DEFINITIONS. The following capitalized words and terms shall have the following
meanings when used in this Mortgage. Unless specifically stated to the contrary,
all references to dollar amounts shall mean amounts in lawful money of the
United States of America. Words and terms used in the singular shall include the
plural, and the plural shall include the singular, as the context may require.
Words and terms not otherwise defined in this Mortgage shall have the meanings
attributed to such terms in the Uniform Commercial Code:

     BORROWER. The word "Borrower" means Sovereign Circuits, Inc. and includes
     all co-signers and co-makers signing the Note and all their successors and
     assigns.

     DEFAULT. The word "Default" means the Default set forth in this Mortgage in
     the section titled "Default".

     ENVIRONMENTAL LAWS. The words "Environmental Laws" mean any and all state,
     federal and local statutes, regulations and ordinances relating to the
     protection of human health or the environment, including without limitation
     the Comprehensive Environmental Response, Compensation, and Liability Act
     of 1980, as amended, 42 U.S.C. Section 9601, et seq. ("CERCLA"), the
     Superfund Amendments and Reauthorization Act of 1986, Pub. L. No. 99-499
     ("SARA"), the Hazardous Materials Transportation Act, 49 U.S.C. Section
     1801, et seq., the Resource Conservation and Recovery Act, 42 U.S.C.
     Section 6901, et seq., or other applicable state or federal laws, rules, or
     regulations adopted pursuant thereto.
<PAGE>

                                    MORTGAGE
LOAN NO: 50001                     (CONTINUED)                            PAGE 8

     EVENT OF DEFAULT. The words "Event of Default" mean any of the events of
     default set forth in this Mortgage in the events of default section of this
     Mortgage.

     EXISTING INDEBTEDNESS. The words "Existing Indebtedness" mean the
     indebtedness described in the Existing Liens provision of this Mortgage.

     GRANTOR. The word "Grantor" means Sovereign Circuits, Inc.,

     GUARANTY. The word "Guaranty" means the guaranty from guarantor, endorser,
     surety, or accommodation party to Lender, including without limitation a
     guaranty of all or part of the Note.

     HAZARDOUS SUBSTANCES. The words "Hazardous Substances" mean materials
     that, because of their quantity, concentration or physical, chemical or
     infectious characteristics, may cause or pose a present or potential hazard
     to human health or the environment when improperly used, treated, stored,
     disposed of, generated, manufactured, transported or otherwise handled. The
     words "Hazardous Substances" are used in their very broadest sense and
     include without limitation any and all hazardous or toxic substances,
     materials or waste as defined by or listed under the Environmental Laws.
     The term "Hazardous Substances" also includes, without limitation,
     petroleum and petroleum by-products or any fraction thereof and asbestos.

     IMPROVEMENTS. The word "Improvements" means all existing and future
     improvements, buildings, structures, mobile homes affixed on the Real
     Property, facilities, additions, replacements and other construction on the
     Real Property.

     INDEBTEDNESS. The word "Indebtedness" means all principal, interest, and
     other amounts, costs and expenses payable under the Note or Related
     Documents, together with all renewals of, extensions of, modifications of,
     consolidations of and substitutions for the Note or Related Documents and
     any amounts expended or advanced by Lender to discharge Grantor's
     obligations or expenses incurred by Lender to enforce Grantor's obligations
     under this Mortgage, together with interest on such amounts as provided in
     this Mortgage. Specifically, without limitation, Indebtedness includes all
     amounts that may be indirectly secured by the Cross-Collateralization
     provision of this Mortgage.

     LENDER. The word "Lender" means KeyBank National Association, its
     successors and assigns.

     MORTGAGE. The word "Mortgage" means this Mortgage between Grantor and
     Lender.

     NOTE. The word "Note" means the promissory note dated May 10, 2006, IN THE
     ORIGINAL PRINCIPAL AMOUNT OF $1,835,071.55 from Grantor to Lender, together
     with all renewals of, extensions of, modifications of, refinancings of,
     consolidations of, and substitutions for the promissory note or agreement.
     The maturity date of the Note is June 1, 2014. NOTICE TO GRANTOR: THE NOTE
     CONTAINS A VARIABLE INTEREST RATE.

     PERSONAL PROPERTY. The words "Personal Property" mean all equipment,
     fixtures, and other articles of personal property now or hereafter owned by
     Grantor, and now or hereafter attached or affixed to the Real Property;
     together with all accessions, parts, and additions to, all replacements of,
     and all substitutions for, any of such property; and together with all
     proceeds (including without limitation all insurance proceeds and refunds
     of premiums) from any sale or other disposition of the Property.

     PROPERTY. The word "Property" means collectively the Real Property and the
     Personal Property.

     REAL PROPERTY. The words "Real Property" mean the real property, interests
     and rights, as further described in this Mortgage.

     RELATED DOCUMENTS. The words "Related Documents" mean all promissory notes,
     credit agreements, loan agreements, environmental agreements, guaranties,
     security agreements, mortgages, deeds of trust, security deeds, collateral
     mortgages, and all other instruments, agreements and documents, whether now
     or hereafter existing, executed in connection with the Indebtedness.

     RENTS. The word "Rents" means all present and future rents, revenues,
     income, issues, royalties, profits, and other benefits derived from the
     Property.

GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS MORTGAGE, AND
GRANTOR AGREES TO ITS TERMS.

GRANTOR:

SOVEREIGN CIRCUITS, INC.

By: /s/ Robert Q. Buss
    --------------------------------
    Robert Q. Buss
    CEO of Sovereign Circuits, Inc.

     This instrument was prepared by ___________________________________________

_____________________________________.

<PAGE>

                                    MORTGAGE
LOAN NO: 50001                     (CONTINUED)                            PAGE 9

                            CORPORATE ACKNOWLEDGMENT

STATE OF OHIO        )
                     ) SS
COUNTY OF MAHONING   )

On this 10th day of MAY, 2006, before me, the undersigned Notary Public,
personally appeared ROBERT Q. BUSS, CEO OF SOVEREIGN CIRCUITS, INC., and known
to me to be an authorized agent of the corporation that executed the Mortgage
and acknowledged before me the Mortgage to be the free and voluntary act and
deed of the corporation, by authority of its Bylaws or by resolution of its
board of directors, for the uses and purposes therein mentioned, and on oath
stated that he or she is authorized to execute this Mortgage and in fact
executed the Mortgage on behalf of the corporation.

BY /s/ Peggy S. Streit                        RESIDING AT Wellsuille, OH
   ---------------------------------------
NOTARY PUBLIC IN AND FOR THE STATE OF OHIO    MY COMMISSION EXPIRES Nov 28, 2009

                     SATISFACTION AND DISCHARGE OF MORTGAGE
            (TO BE USED ONLY WHEN OBLIGATIONS HAVE BEEN PAID IN FULL)

                                    ________________,   Ohio   ________________,

20__

The conditions and obligations of this Mortgage have been complied with, and
therefore this Mortgage is hereby satisfied and discharged.

ATTEST:                                   KEYBANK NATIONAL ASSOCIATION

                                          BY:
---------------------------------------       ----------------------------------

  LASER PRO Lending, Ver. 5.30.10.001 Copr. Harland Financial Solutions, Inc.
   1997, 2009. All Rights Reserved -OH H:\Lpro\CFI\LPL\G03.FC TR-108890 PR-14

<PAGE>

                                    EXHIBIT A

SITUATED in the Township of Jackson, County of Mahoning and State of Ohio: and
known as being Lot No. 8 in Youngstown Commerce Park Replat of Lot #8, Tract I,
a subdivision of a part of Original Jackson Township, part of Great Lot 43, as
shown by the recorded plat of said subdivision in Volume 93 of Maps, Page 19, of
Mahoning County Records.exv4w01

 

Exhibit 4.01

INTUIT INC.

OFFICERS’ CERTIFICATE

     Pursuant to Section 1.02 and 3.01 of the Indenture dated as of March 7, 2007 (the “Indenture”)
between the Intuit Inc., a Delaware corporation (the “Company”), and The Bank of New York Trust
Company, N.A., as Trustee (the “Trustee”), the undersigned officers of the Company do hereby
certify on behalf of the Company, solely in their respective capacities as officers of the Company
and not as individuals, as follows in connection with the issuance of the Company’s $500,000,000
aggregate principal amount of 5.40% Senior Notes due 2012 and $500,000,000 aggregate principal
amount of 5.75% Senior Notes due 2017 (collectively, the “Securities”) under the Indenture:

     1.     All conditions precedent under the Indenture to the issuance, authentication and delivery
of the Securities have been complied with.

     2.     The undersigned have read the conditions referred to in paragraph 1 above and the
definitions contained in the Indenture relating thereto.

     3.     The statements of the undersigned contained herein are based upon their participation in
the issuance of the Securities and a review of the Indenture.

     4.     Each of the undersigned has made such examination or investigation as is necessary in the
undersigned’s opinion to enable the undersigned to express an informed opinion as to whether the
conditions referred to in paragraph 1 above have been complied with.

     5.     The terms of the Securities are as follows:

	 	 	 
	Title:

	 	5.40% Senior Notes due 2012 (the “2012 Notes”)
	 
	 	 
	 

	 	5.75% Senior Notes due 2017 (the “2017 Notes”)
	Aggregate Principal
Amount at Maturity for
all Series of
Securities:

	 	
$500,000,000 of 2012 Notes

$500,000,000 of 2017 Notes
	 
	 	 
	Maturity Date:

	 	2012 Notes — March 15, 2012
	 
	 	 
	 

	 	2017 Notes — March 15, 2017

 

 

	 	 	 
	Interest:

	 	2012 Notes — 5.40% per annum, accruing from March
12, 2007, payable on March 15 and September 15 of
each year to the person in whose name the 2012
Notes are registered at the close of business on
the March 1 or September 1, as the case may be,
immediately preceding the relevant interest payment
date, commencing on September 15, 2007.
	 
	 	 
	 

	 	2017 Notes — 5.75% per annum, accruing from March
12, 2007, payable on March 15 and September 15 of
each year to the person in whose name the 2017
Notes are registered at the close of business on
the March 1 or September 1, as the case may be,
immediately preceding the relevant interest payment
date, commencing on September 15, 2007.
	 
	 	 
	Denomination and
Registration:

	 	The Securities are in registered, book-entry form,
without coupons, in denominations of $2,000 and
integral multiples of $1,000 in excess thereof.
The Securities shall be issuable in the form of one
or more Global Securities registered in the name of
Cede & Co., as nominee for The Depository Trust
Company, acting as Depository for the Securities.
	 
	 	 
	Optional Redemption:

	 	The Company may at its option redeem the Securities
of either series, at any time, in whole or in part,
on at least 30 days, but not more than 60 days,
prior notice mailed to the registered address of
each holder of the Securities to be redeemed at a
redemption price equal to the greater of (i) 100%
of the aggregate principal amount of the Securities
to be redeemed or (ii) the sum of the present
values of the Remaining Scheduled Payments (as
defined in each of the 2012 Notes and 2017 Notes),
discounted to the redemption date on a semi-annual
basis (assuming a 360-day year consisting of twelve
30-day months) using a discount rate equal to the Treasury Rate plus 0.15% (15
basis points), in the case of the 2012 Notes, and
the Treasury Rate plus 0.20% (20 basis points), in
the case of the 2017 Notes, plus, in the case of
each of clause (i) or (ii), accrued and unpaid
interest thereon to, but not including, the
redemption date.
	 
	 	 
	 

	 	“Treasury Rate” means, with respect to any
redemption date, the rate per annum equal to the
semi-annual equivalent yield to maturity (computed
as of the third business day immediately preceding
that redemption date) of the Comparable Treasury
Issue. In determining this rate, the Company will
assume a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount)
equal to the Comparable Treasury Price for such
redemption date.
	 
	 	 
	 

	 	“Comparable Treasury Issue” means the United States

 

 

	 	 	 
	 

	 	Treasury security selected by an Independent
Investment Banker as having an actual or
interpolated maturity comparable to the remaining
term of the Securities to be redeemed that would be
utilized, at the time of selection and in
accordance with customary financial practice, in
pricing new issues of corporate debt securities of
comparable maturity to the remaining term of such
Securities.
	 
	 	 
	 

	 	“Independent Investment Banker” means Citigroup
Global Markets Inc. or J.P. Morgan Securities Inc.,
or their respective successors as may be appointed
from time to time by the Company; provided,
however, that if either of the foregoing ceases to
be a primary U.S. Government securities dealer in
New York City (a “primary treasury dealer”), the
Company will substitute another primary treasury
dealer.
	 
	 	 
	 

	 	“Comparable Treasury Price” means, with respect to
any redemption date, (1) the arithmetic average of
the Reference Treasury Dealer Quotations for such
redemption date after excluding the highest and
lowest Reference Treasury Dealer Quotations, or (2)
if the Trustee obtains fewer than four Reference
Treasury Dealer Quotations, the arithmetic average
of all Reference Treasury Dealer Quotations for
such redemption date.
	 
	 	 
	 

	 	“Reference Treasury Dealer Quotations” means, with
respect to each Reference Treasury Dealer and any
redemption date, the arithmetic average, as
determined by the Company, of the bid and asked
prices for the Comparable Treasury Issue (expressed
in each case as a percentage of its principal
amount) quoted in writing to the Company by such
Reference Treasury Dealer as of 3:30 p.m., New York
City time, on the third business day preceding such
redemption date.
	 
	 	 
	 

	 	“Reference Treasury Dealer” means Citigroup Global
Markets Inc. and J.P. Morgan Securities Inc., and
two other primary treasury dealers selected by the
Company, and each of their respective successors
and any other primary treasury dealers selected by
the Company.
	 
	 	 
	Purchase of Securities upon a Change of Control
Repurchase Event:

	 	Upon the occurrence of a Change of Control Repurchase Event, unless the Company
has exercised its right to redeem the Securities, the Company will be required
to make an offer to each holder of the Securities to repurchase all or any part
(in integral multiples of $1,000) of that holder’s Securities at a repurchase
price in cash equal to 101% of the aggregate principal amount of the Securities
repurchased, plus accrued and unpaid interest to, but not including, the date
of repurchase.
	 
	 	 
	 

	 	Within 30 days following any Change of Control Repurchase Event or, at the
option of the Company, prior to any Change of Control, but after the public
announcement of the Change of Control, the Company will mail a notice to each
securityholder, with a copy to the Trustee, stating:
	 
	 	 
	 

	 	     (1) that a Change of Control has occurred or is about to occur and that such
holder has the right to require the Company to purchase such holder’s
Securities at a purchase price in cash equal to 101% of the principal amount
thereof on the date of purchase, plus accrued and unpaid interest to, but not
including, the date of purchase (subject to the right of holders of record on
the relevant record date to receive interest on the relevant interest payment
date);
	 
	 	 
	 

	 	     (2) the circumstances and relevant facts regarding such Change of Control
Repurchase Event or, if the Change of Control is about to occur, the
circumstances and relevant facts regarding such Change of Control;
	 
	 	 
	 

	 	     (3) the purchase date (which shall be no earlier than 30 calendar days nor
later than 60 calendar days from the date such notice is mailed);
	 
	 	 
	 

	 	     (4) the instructions, as determined by the Company, that a holder must follow
in order to have its Securities purchased; and
	 
	 	 
	 

	 	     (5) that the offer to purchase is conditioned on the Change of Control
Repurchase Event occurring on or prior to the specified purchase date, if
mailed prior to the date of consummation of the Change of Control.
	 
	 	 
	 

	 	On the repurchase date following a Change of Control Repurchase Event, the
Company will, to the extent lawful:
	 
	 	 
	 

	 	     (1) accept for payment all the Securities or portions of the Securities
properly tendered pursuant to its offer;
	 
	 	 
	 

	 	     (2) deposit with the Paying Agent an amount equal to the aggregate purchase
price in respect of all the
Securities or portions of the Securities properly tendered; and
	 
	 	 
	 

	 	     (3) deliver or cause to be delivered to the Trustee the Securities properly
accepted, together with an Officers’
Certificate stating the aggregate principal amount of Securities being
purchased by the Company.
	 
	 	 
	 

	 	The Paying Agent will promptly mail to each holder of Securities properly
tendered the purchase price for the Securities, and the Trustee will promptly
authenticate and mail (or cause to be transferred by book-entry) to each holder
a new Security equal in principal amount to any unpurchased portion of any
Securities surrendered.
	 
	 	 
	 

	 	Notwithstanding the foregoing, the Company will not be required to make an
offer to repurchase the Securities upon a Change of Control Repurchase Event
with respect to a particular series of Securities, if, with respect to such
series of Securities, a third party makes such an offer in the manner, at the
times and otherwise in compliance with the requirements for an offer made by
the Company and such third party purchases all Securities of such series
properly tendered and not withdrawn under its offer.
	 
	 	 
	 

	 	The Company shall comply, to the extent applicable, with the requirements of
Section 14(e)(1) of the Exchange Act and any other securities laws or
regulations thereunder to the extent those laws and regulations are applicable
in connection with the repurchase of the Securities as a result of Change of
Control Repurchase Event. To the extent that the provisions of any securities
laws or regulations conflict with the Change of Control Repurchase Event
provisions of the Securities, the Company will comply with the applicable
securities laws and regulations and will not be deemed to have breached its
obligations under the Change of Control Re
purchase Event provisions of the
Securities by virtue of such conflict.
	 
	 	 

 

 

	 	 	 
	 

	 	“Change of Control” means the occurrence of any of
the following: (1) the direct or indirect sale,
transfer, conveyance or other disposition (other
than by way of merger or consolidation), in one or
a series of related transactions, of all or
substantially all of the properties or assets of
the Company and its subsidiaries taken as a whole
to any “person” (as that term is used in Section
13(d)(3) of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”)) other than the Company or one
of its subsidiaries; (2) the adoption of a plan
relating to the Company’s liquidation or
dissolution; (3) the consummation of any
transaction (including, without limitation, any
merger or consolidation) the result of which is
that any “person” (as defined above) becomes the
beneficial owner, directly or indirectly, of more
than 50% of the then outstanding number of shares
of Voting Stock of the Company; or (4) the first
day on which a majority of the members of the board
of directors of the Company are not Continuing
Directors.
	 
	 	 
	 

	 	“Change of Control Repurchase Event” means the
occurrence of both a Change of Control and a
Ratings Event.
	 
	 	 
	 

	 	“Continuing Directors” means, as of any date of
determination, any member of the board of directors
of the Company who (1) was a member of such board
of directors on the date of the issuance
of the Securities; or (2) was nominated for
election or elected to such board of directors with
the approval of a majority of the continuing
directors who were members of such board of
directors at the time of such nomination or
election.
	 
	 	 
	 

	 	“Investment Grade” means a rating of Baa3 or better
by Moody’s (or its equivalent under any successor
Rating Categories of Moody’s); a rating of BBB- or
better by S&P (or its equivalent under any
successor Rating Categories of S&P); and the
equivalent Investment Grade credit rating from any
additional Rating Agency or Rating Agencies
selected by the Company.
	 
	 	 
	 

	 	“Rating Agency” means (1) each of Moody’s and S&P;
and (2) if either of Moody’s or S&P ceases to rate
the Securities or fails to make a rating of the
Securities publicly available for reasons outside
of the control of the Company, a “nationally
recognized statistical rating organization” within
the meaning of Rule 15c3-l(e)(2)(vi)(F) under the
Exchange Act, selected by the Company (as certified
by a resolution of the board of directors of the
Company) as a replacement agency for Moody’s or
S&P, or both, as the

 

 

	 	 	 
	 

	 	case may be.
	 
	 	 
	 

	 	“Ratings Event” means the occurrence of the events
described in (a) or (b) below on, or within 90 days
after the earlier of, (i) the occurrence of a
Change of Control or (ii) public notice of the
occurrence of a Change of Control or the intention
by the Company to effect a Change of Control (which
period shall be extended so long as the rating of
the Securities is under publicly announced
consideration for a possible downgrade by any of
the Rating Agencies): (a) in the event the
Securities are rated by both Moody’s Investors
Service Inc. (“Moody’s”) and Standard & Poor’s, a
division of The McGraw-Hill Companies, Inc. (“S&P”)
on the Rating Date as Investment Grade, the rating
of the Securities shall be reduced so that the
Securities are rated below Investment Grade by both
Rating Agencies, or (b) in the event the Securities
(1) are rated Investment Grade by one Rating Agency
and below Investment Grade by the other Rating
Agency, the rating of the Securities by either
Rating Agency shall be decreased by one or more
gradations (including gradations within Rating
Categories, as well as between Rating Categories)
so that the Securities are then rated below
Investment Grade by both Rating Agencies or (2) are
rated below Investment Grade by both Rating
Agencies on the Rating Date, the rating of the
Securities by either Rating Agency shall be
decreased by one or more gradations (including
gradations within Rating Categories, as well as
between Rating Categories). Notwithstanding the
foregoing, a Ratings Event otherwise arising by
virtue of a particular reduction in rating shall
not be deemed to have occurred in respect of a
particular Change of Control (and thus shall not be
deemed a Ratings Event for purposes of the
definition of Change of Control Repurchase Event)
if the Rating Agencies making the reduction in
rating to which this definition would otherwise
apply do not announce or publicly confirm or inform
the Trustee in writing at its request that the
reduction was the result, in whole or in part, of
any event or circumstance comprised of or arising
as a result of, or in respect of, the applicable
Change of Control (whether or not the applicable
Change of Control shall have occurred at the time
of the Ratings Event).
	 
	 	 
	 

	 	“Rating Date” means the date which is 90 days prior
to the earlier of (i) a Change of Control or (ii)
public notice of the occurrence of a Change of
Control or of the intention by the Company to
effect a Change of Control.
	 
	 	 
	 

	 	“Rating Category” means (i) with respect to S&P,
any of

 

 

	 	 	 
	 

	 	the following categories: BBB, BB, B, CCC,
CC, C and D (or equivalent successor categories);
(ii) with respect to Moody’s, any of the following
categories: Baa, Ba, B, Caa, Ca, C and D (or
equivalent successor categories); and (iii) the
equivalent of any such category of S&P or Moody’s
used by another Rating Agency. In determining
whether the rating of the Securities has decreased
by one or more gradations, gradations within Rating
Categories (+ and — for S&P; 1, 2 and 3 for
Moody’s; or the equivalent gradations for another
Rating Agency) shall be taken into account (e.g.,
with respect to S&P, a decline in a rating from BB+
to BB, as well as from BB- to B+, will constitute a
decrease of one gradation).
	 
	 	 
	 

	 	“Voting Stock” of any specified “person” (as that
term is used in Section 13(d)(3) of the Exchange
Act) as of any date means the capital stock of such
person that is at the time entitled to vote
generally in the election of the board of directors
of such person.
	 
	 	 
	Certain Covenants:

	 	In addition to the covenants described in Article
10 of the Indenture, while the 2012 Notes and the
2017 Notes are Outstanding, the Company shall be
bound by the following covenants:
	 
	 	 
	 

	 	A. Limitation on Liens
	 
	 	 
	 

	 	The Company will not directly or indirectly incur,
and will not permit any of its wholly-owned
subsidiaries to directly or indirectly incur, any
indebtedness secured by a mortgage, security
interest, pledge, lien, charge or other similar
encumbrance (collectively, “Liens”) upon (a) any
Principal Property of the Company or any of its
wholly-owned subsidiaries or (b) any shares of
stock or indebtedness of any of its wholly-owned
subsidiaries (whether such Principal Property,
shares or indebtedness are now existing or owned or
hereafter created or acquired), in each case,
unless prior to or at the same time, the Securities
(together with, at the option of the Company, any
other indebtedness or guarantees of the Company or
any of its subsidiaries ranking equally in right of
payment with the Securities or such guarantee) are
equally and ratably secured with or, at the option
of the Company, prior to, such secured
indebtedness.
	 
	 	 
	 

	 	The foregoing restriction does not apply to:
	 
	 	 
	 

	 	     (1) Liens on property, shares of stock or
indebtedness existing with respect to any person at
the time such person becomes a subsidiary of the
Company or a subsidiary of

 

 

	 	 	 
	 

	 	any subsidiary of the Company, provided that such Lien was not incurred
in anticipation of such person becoming a
subsidiary;
	 
	 	 
	 

	 	     (2) Liens on property, shares of stock or
indebtedness existing at the time of acquisition by
the Company or any of its subsidiaries or a
subsidiary of any subsidiary of the Company of such
property, shares of stock or indebtedness (which
may include property previously leased by the
Company or any of its subsidiaries and leasehold
interests on such property, provided that the lease
terminates prior to or upon the acquisition) or
Liens on property, shares of stock or indebtedness
to secure the payment of all or any part of the
purchase price of such property, shares of stock or
indebtedness, or Liens on property, shares of stock
or indebtedness to secure any indebtedness for
borrowed money incurred prior to, at the time of,
or within 18 months after, the latest of the
acquisition of such property, shares of stock or
indebtedness or, in the case of property, the
completion of construction, the completion of
improvements or the commencement of substantial
commercial operation of such property for the
purpose of financing all or any part of the
purchase price of the property and related costs
and expenses, the construction or the making of the
improvements;
	 
	 	 
	 

	 	     (3) Liens securing indebtedness of the Company or
any of the Company’s subsidiaries owing to the
Company or any of its subsidiaries;

	 
	 	 
	 

	 	     (4) Liens existing on the date of the initial
issuance of the Securities (other than any
additional Securities);

	 
	 	 
	 

	 	     (5) Liens on property or assets of a person
existing at the time such person is merged into or
consolidated with the Company or any of its
subsidiaries, at the time such person becomes a
subsidiary of the Company, or at the time of a
sale, lease or other disposition of all or
substantially all of the properties or assets of a
person to the Company or any of its subsidiaries,
provided that such Lien was not incurred in
anticipation of the merger, consolidation, or sale,
lease, other disposition or other such transaction;
	 
	 	 
	 

	 	     (6) Liens created in connection with a project
financed with, and created to secure, a
Non-recourse Obligation;
	 
	 	 
	 

	 	     (7) Liens created to secure the Securities;
	 
	 	 
	 

	 	     (8) Liens imposed by law, such as carriers’,
warehousemen’s and mechanic’s Liens and other
similar Liens, in each case for sums not yet
overdue by more than

 

 

	 	 	 
	 

	 	30 calendar days or being
contested in good faith by appropriate proceedings
or other Liens arising out of judgments or awards
against such Person with respect to which such
Person shall then be proceeding with an appeal or
other proceedings for review and Liens arising
solely by virtue of any statutory or common law
provision relating to banker’s Liens, rights of
set-off or similar rights and remedies as to
deposit accounts or other funds maintained with a
creditor depository institution;
	 
	 	 
	 

	 	     (9) Liens for taxes, assessments or other
governmental charges not yet due or payable or
subject to penalties for non-payment or which are
being contested in good faith by appropriate
proceedings;
	 
	 	 
	 

	 	     (10) Liens to secure the performance of bids, trade
contracts, leases, statutory obligations, surety
and appeal bonds, performance bonds and other
obligations of a like nature; or
	 
	 	 
	 

	 	     (11) any extensions, renewals or replacements of
any Lien referred to in clauses (1) through (10)
without increase of the principal of the
indebtedness secured by such Lien (except to the
extent of any fees or other costs associated with
any such extension, renewal or replacement);
provided, however, that any Liens permitted by any
of clauses (1) through (10) shall not extend to or
cover any property of the Company or any of its
subsidiaries, as the case may be, other than the
property specified in such clauses and improvements
to such property.
	 
	 	 
	 

	 	Notwithstanding the restrictions set forth in the
preceding paragraph, the Company and its
wholly-owned subsidiaries will be permitted to
incur indebtedness secured by Liens which would
otherwise be subject to the foregoing restrictions
without equally and ratably securing the
Securities, provided that, after giving effect to
such indebtedness, the aggregate amount of all
indebtedness secured by Liens (not including Liens
permitted under clauses (1) through (11) above),
together with all Attributable Debt outstanding
pursuant to the second paragraph of the “Limitation
on Sale and Leaseback Transactions” covenant
described below, does not exceed 20% of the
Consolidated Net Tangible Assets of the Company
calculated as of the date of the creation or
incurrence of the Lien. The Company and its
subsidiaries also may, without equally and ratably
securing the Securities, create or incur Liens that
extend, renew, substitute or replace (including
successive extensions, renewals, substitutions or
replacements), in whole or in

 

 

	 	 	 
	 

	 	part, any Lien
permitted pursuant to the preceding sentence.
	 
	 	 
	 

	 	B. Limitation on Sale and Leaseback Transactions
	 
	 	 
	 

	 	The Company will not directly or indirectly, and
will not permit any of its wholly-owned
subsidiaries directly or indirectly to, enter into
any sale and leaseback transaction for the sale and
leasing back of any property, whether now owned or
hereafter acquired, unless:
	 
	 	 
	 

	 	     (1) such transaction was entered into prior to the
date of the initial issuance of the Securities
(other than any additional Securities);
	 
	 	 
	 

	 	     (2) such transaction was for the sale and leasing
back to the Company or any of its wholly-owned
subsidiaries of any property by one of its
subsidiaries;
	 
	 	 
	 

	 	     (3) such transaction involves a lease for not more
than three years (or which may be terminated by the
Company or its subsidiaries within a period of not
more than three years);
	 
	 	 
	 

	 	     (4) the Company would be entitled to incur
indebtedness secured by a Lien with respect to such
sale and leaseback transaction without equally and
ratably securing the Securities pursuant to the
second paragraph of the “Limitation on Liens”
covenant described above; or
	 
	 	 
	 

	 	     (5) the Company applies an amount equal to the net
proceeds from the sale of such property to the
purchase of other property or assets used or useful
in its business or to the retirement of long-term indebtedness within 365 days before or after the
effective date of any such sale and leaseback
transaction, provided that, in lieu of applying
such amount to the retirement of long-term
indebtedness, the Company may deliver Securities to
the Trustee for cancellation, such Securities to be
credited at the cost thereof to it.
	 
	 	 
	 

	 	Notwithstanding the restrictions set forth in the
preceding paragraph, the Company and its
wholly-owned subsidiaries may enter into any sale
and leaseback transaction which would otherwise be
subject to the foregoing restrictions, if after
giving effect thereto the aggregate amount of all
Attributable Debt with respect to such
transactions, together with all indebtedness
outstanding pursuant to the third paragraph of the
“Limitation on Liens” covenant described above,
does not exceed 20% of the Consolidated Net
Tangible Assets of the Company calculated as of the
closing date of the sale and leaseback transaction.

 

 

	 	 	 
	Additional Definitions:

	 	“Attributable Debt” means, with respect to any sale
and leaseback transaction, at the time of
determination, the lesser of (1) the sale price of
the property so leased multiplied by a fraction the
numerator of which is the remaining portion of the
base term of the lease included in such transaction
and the denominator of which is the base term of
such lease, and (2) the total obligation
(discounted to the present value at the implicit
interest factor, determined in accordance with
generally accepted accounting principles in the
United States of America (“GAAP”), included in the
rental payments) of the lessee for rental payments
(other than amounts required to be paid on account
of property taxes as well as maintenance, repairs,
insurance, water rates and other items which do not
constitute payments for property rights) during the
remaining portion of the base term of the lease
included in such transaction.
	 
	 	 
	 

	 	“Consolidated Net Tangible Assets” means, as of the
time of determination, the aggregate amount of the
assets of the Company and the assets of its
consolidated subsidiaries after deducting (1) all
goodwill, trade names, trademarks, service marks,
patents, unamortized debt discount and expense and
other intangible assets and (2) all current
liabilities, as reflected on the most recent
consolidated balance sheet prepared by the Company
in accordance with GAAP contained in an annual
report on Form 10-K or a quarterly report on Form
10-Q timely filed or any amendment thereto (and not
subsequently disclaimed as not being reliable by
the Company) pursuant to the Exchange Act by the
Company prior to the time as of which “Consolidated
Net Tangible Assets” is being determined.
	 
	 	 
	 

	 	“guarantee” means any obligation, contingent or
otherwise, of any person directly or indirectly
guaranteeing any indebtedness of any other person
and any obligation, direct or indirect, contingent
or otherwise, of such person (1) to purchase or pay
(or advance or supply funds for the purchase or
payment of) such indebtedness of such other person
(whether arising by virtue of partnership
arrangements, or by agreement to keep well, to
purchase assets, goods, securities or services, to
take or pay or to maintain financial statement
conditions or otherwise) or (2) entered into for
purposes of assuring in any other manner the
obligee of such indebtedness of the payment thereof
or to protect such obligee against loss in respect
thereof (in whole or in part); provided, however,
that the term “guarantee” will not include
endorsements for collection or deposit in the
ordinary course of business. The term “guarantee,”
when used as a verb, has a correlative

 

 

	 	 	 
	 

	 	meaning.
	 
	 	 
	 

	 	“incur” means issue, assume, guarantee or otherwise
become liable for.
	 
	 	 
	 

	 	“indebtedness” means, with respect to any person,
obligations (other than Non-recourse Obligations)
of such person for borrowed money (including,
without limitation, indebtedness for borrowed money
evidenced by notes, bonds, debentures or similar
instruments).
	 
	 	 
	 

	 	“Non-recourse Obligation” means indebtedness or
other obligations substantially related to (1) the
acquisition of assets not previously owned by the
Company or any direct or indirect subsidiaries of
the Company or (2) the financing of a project
involving the development or expansion of
properties of the Company or any direct or indirect
subsidiaries of the Company, as to which the
obligee with respect to such indebtedness or
obligation has no recourse to the Company or any
direct or indirect subsidiary of the Company or
such subsidiary’s assets other than the assets
which were acquired with the proceeds of such
transaction or the project financed with the
proceeds of such transaction (and the proceeds
thereof).
	 
	 	 
	 

	 	“person” means any individual, corporation,
partnership, limited liability company, joint
venture, association, joint-stock company, trust,
unincorporated organization or government or
political subdivision thereof.
	 
	 	 
	 

	 	“Principal Property” means the Company’s principal
offices in Mountain View, California, each research
and development facility and each service and
support facility (in each case including associated
office facilities) located within the territorial
limits of the States of the United States of
America owned by the Company or any of its
wholly-owned subsidiaries, except such as the
Company’s board of directors by resolution
determines in good faith (taking into account,
among other things, the importance of such property
to the business, financial condition and earnings
of the Company and its subsidiaries taken as a
whole) not to be of material importance to the
business of the Company and its subsidiaries, taken
as a whole.
	 
	 	 
	 

	 	“subsidiary” means, with respect to any person (the “parent”) at any date, any
corporation, limited liability company, partnership, association or other
entity the accounts of which would be consolidated with those of the parent in
the parent’s consolidated financial statements if such financial statements
were prepared in accordance with GAAP as of that date, as well as any other
corporation, limited liability company, partnership, association or other
entity of which securities or other ownership interests representing more than
50% of the equity or more than 50% of the ordinary voting power or, in the case
of a partnership, more than 50% of the general partnership interests are, as of
that date, owned, controlled or held by the parent or one or more subsidiaries
of the parent or by the parent and one or more subsidiaries of the parent.
	 
	 	 
	Additional Events of
Default:

	 	In addition to the Events of Default described in
Section 5.01 of the Indenture, each of the
following is an Event of Default under the
Indenture: (1) a failure to pay principal of or
premium, if any, on any Security when due at its
stated maturity date, upon optional redemption or
otherwise; (2) a failure to repurchase Securities
of each series tendered for repurchase following
the occurrence of a Change of Control

 

 

	 	 	 
	 

	 	Repurchase
Event in conformity with “Purchase of Securities upon a Change of Control
Repurchase Event” above; (3)(a) a failure to make
any payment at maturity, including any applicable
grace period, on any indebtedness of the Company
(other than indebtedness of the Company owing to
any of its subsidiaries) outstanding in an amount
in excess of $100,000,000 and continuance of this
failure to pay or (b) a default on any indebtedness
of the Company (other than indebtedness owing to
any of its subsidiaries), which default results in
the acceleration of such indebtedness in an amount
in excess of $100,000,000 without such indebtedness
having been discharged or the acceleration having
been cured, waived, rescinded or annulled, in the
case of clause (a) or (b) above, for a period of 30
days after written notice thereof to the Company by
the Trustee or to the Company and Trustee by the
holders of not less than 25% in principal amount of
outstanding Securities of such series, (including any additional Securities) provided,
however, that if any failure, default or
acceleration referred to in clause (a) or (b) above
ceases or is cured, waived, rescinded or annulled,
then the Event of Default will be deemed cured.
	 
	 	 
	Modification without Consent:

	 	The Company and the Trustee may, without the
consent of any holders, change the Indenture for
the following purposes: (1) to evidence the
succession of another person to the Company and the
assumption by such successor of the covenants of the Company under
the Indenture and the Securities; (2) to add to
covenants of the Company for the benefit of holders
of the Securities or to surrender any right or
power conferred upon the Company; (3) to add any
additional Events of Default for the benefit of
holders of the Securities; (4) to add or change any
of the provisions of the Indenture as necessary to
permit or facilitate the issuance of Securities in
bearer form, registrable or not registrable as to
principal, and with or without interest coupons, or
to permit or facilitate the issuance of the
Securities in uncertificated form; (5) to secure
the Securities; (6) to add or appoint a successor
or separate Trustee; (7) to cure any ambiguity,
defect or inconsistency, provided that the interests of the holders of
the Securities are not adversely affected in any
material respect; (8) to supplement any of the
provisions of the Indenture to permit or facilitate
the defeasance and discharge of any series of
Securities, provided that the interests of the
holders of Securities are not adversely affected in
any material respect.
	 
	 	 
	Further Issuances:

	 	The Company may from time to time, without notice
to or the consent of the holders of either series
of Securities, create and issue additional
Securities of either series having

 

 

	 	 	 
	 

	 	the same terms as,
and ranking equally and ratably with the Securities
of such series in all respects (except for the
issue date and, if applicable, the payment of
interest accruing prior to the issue date of such
additional Securities and the first payment of
interest following the issue date of such
additional Securities), provided that the Company
has received an Opinion of Counsel (as defined in
the Indenture) confirming that the holders of the
outstanding Securities will be subject to federal
income tax in the same amounts, in the same manner
and at the same times as would have been the case
if such additional Securities were not issued.
Such additional Securities may be consolidated and
form a single series with, and will have the same
terms as to ranking, redemption, waivers,
amendments or otherwise, as the applicable series,
and will vote together as one class on all matters
with respect to such series.
	 
	 	 
	Conversion:

	 	None
	 
	 	 
	Sinking Fund:

	 	None
	 
	 	 
	Miscellaneous:

	 	The terms of the 2012 Notes shall include such
other terms as are set out in the form of the 2012
Notes attached hereto as Exhibit A.
	 
	 	 
	 

	 	The terms of the 2017 Notes shall include such
other terms as are set out in the form of the 2017
Notes attached hereto as Exhibit B.

To the extent that the terms of the Indenture and the Securities conflict, the terms of the
Securities shall govern.

Capitalized terms used in this Certificate and not otherwise defined have the meaning given to such
terms in the Indenture.

[Remainder of page intentionally left blank]

 

 

IN WITNESS WHEREOF, the undersigned has executed this Officers’ Certificate on behalf of Intuit
Inc.

Dated: March 12, 2007

	 	 	 	 	 
	 	INTUIT INC.

 	 
	 	By:  	/s/ Kiran Patel
 	 
	 	Name:  	Kiran M. Patel 	 
	 	Title:  	Senior Vice President and
Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	INTUIT INC.

 	 
	 	By:  	          /s/ David Merenbach
 	 
	 	Name:  	David Merenbach 	 
	 	Title:  	Vice President and Corporate

Treasurer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00119-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00119-of-00352.parquet"}]]