Document:

EX-10.1

 

Exhibit 10.1

	 	 	 
	 

	 	
	 

	 	          8323 Walton Parkway
	 

	 	          New Albany, Ohio 43054

February 18, 2008

Paul C. Carbone

2270 Walhaven Court

Columbus, OH 43220

Dear Paul:

Per our discussion, this Letter Agreement will serve to specify the terms of your separation from
Tween Brands, Inc. (“Tween Brands” or the “Company”) under the Separation Pay, Confidentiality &
Non-Competition Agreement executed on or about July 26, 2006 between you and the Company (the
“Employment Agreement”). Except as set forth below, (a) all terms and conditions of your
Employment Agreement remain in force and (b) to the extent of any disagreement between this Letter
Agreement and the Employment Agreement, the Employment Agreement shall control. Any capitalized
word or term used but not defined in this Letter Agreement has the meaning given to it in the
Employment Agreement.

	1.	 	February 19, 2008 shall be your “Transition Date.” Between now and the Transition Date, you
will continue as Senior Vice President and Chief Financial Officer of the Company; between
the Transition Date and the Termination Date (as defined below) you will begin an “Advising
Period,” during which time you will continue to be an employee of the Company. The pay and
benefits you currently receive as Senior Vice President and Chief Financial Officer of the
Company shall continue through the Termination Date.
	 
	2.	 	You shall cease to be an officer of the Company and any of its affiliates on the Transition
Date. You will also cease acting as Principal Financial Officer and Principal Accounting
Officer of the Company on the Transition Date. During the Advising Period you shall remain
available on reasonable notice and at reasonable times for periodic and reasonable advisement
and consulting to the Chief Executive Officer, Chief Operating Officer and other Officers of
the Company.
	 
	3.	 	The Advising Period shall end on, and your final date of employment with the Company shall
be, the Termination Date.
	 
	4.	 	The Termination Date shall be March 19, 2008.

 

 

	5.	 	The termination of your employment will be treated on the Termination Date as a termination
without cause under Paragraph 4 of the Employment Agreement, entitling you to the compensation
set forth in Paragraph 4 of the Employment Agreement.
	 
	6.	 	You will be eligible to receive a bonus for the Spring 2008 Season in an amount equal to the
amount you would have received had you been employed by the Company during the entire Spring
2008 Season and on the date of payment. The Spring 2008 Season bonus would be paid entirely
in a cash lump sum, less withholding at the supplemental withholding rates.
	 
	7.	 	The Company agrees to pay you on the date this Agreement becomes irrevocable, all vacation
entitlement that is currently earned but unused, in accordance with our vacation policy. In
addition the company will reimburse you for any documented outstanding expenses related to
travel for company business.
	 
	8.	 	You agree to provide all potential employers desiring a reference from the Company with a
copy of the letter attached hereto. You also agree to immediately inform the Sr. Vice
President, Human Resources (Michael Keane) if you accept employment or begin self-employment
prior to the end of the salary continuation period, so that the appropriate deductions can be
made as per the Employment Agreement.
	 
	9.	 	The Company agrees to pay the cost of outplacement services not to exceed $10,000.00, to be
provided through Right Management (a provider approved by the Company), for up to twelve (12)
months. The cost of outplacement services will be paid directly by the Company to the
provider. The enhanced benefit is not reimbursable to you.
	 
	10.	 	The Company will provide the COBRA continuation of benefits at our costs (no cost to you) for
up to a total of fifty-two (52) weeks, or the first day of eligibility of insurance with
another employer, whichever is earliest.
	 
	11.	 	The sums of money and conditions set forth as specified in paragraphs (1), (2), (5), (6),
(7), (8), (9) and (10) represent any and all termination pay, back pay, wages, vacation pay,
damages (liquidated or unliquidated), benefits, attorneys’ fees, costs, interest or other
monies to which you may now be entitled from the Company. In the event of your death during
the severance period, the compensation and benefits you are entitled to receive under
paragraphs (5), (6) and (10) will inure to the benefit of your heirs.

 

 

	12.	 	Except for your rights under this Letter Agreement, you acquit, release and forever
discharge, the Company, its affiliates, and all of their past, present and future officers,
directors, agents, employees and shareholders, of and from all, and in all manner of, actions
and causes of action, suits, debts, claims and demands whatsoever, in law or in equity, which
you ever had or may now have, through the date of your execution of this Letter Agreement,
with respect to any aspect of your employment by, or termination of employment from, the
Company and with respect to any other agreement, under other federal, state or local law with
respect to age, race, sex, and other forms of employment discrimination, breach of contract,
tort or other federal, state and local laws relating to employment and its termination.
	 
	13.	 	Except for its rights under this Letter Agreement, the Company acquits, releases and forever
discharges you of and from all, and in all manner of, actions and causes of action, suits,
debts, claims and demands whatsoever, in law or in equity, which it ever had or may now have,
through the date of your execution of this Letter Agreement, with respect to any aspect of
your employment by, or termination of employment from, the Company.
	 
	14.	 	You hereby certify that you are not aware of any weakness, compliance issue or accounting
issues that have not been previously disclosed to the Company’s Chief Operating Officer or the
Company’s Chief Executive Officer or have been specifically identified and recognized as an
issue in the Sarbanes-Oxley Section 404 process.
	 
	15.	 	If the terms are acceptable, you have twenty-one (21) days from the date of receipt to sign
this Letter Agreement. You understand that you should discuss any concerns you may have with
your lawyer before executing this Letter Agreement. By law, after you sign this Letter
Agreement you have seven (7) days from that date in which you can change your mind and revoke
it. To revoke this Letter Agreement, you must deliver a written revocation to the Senior Vice
President — Human Resources at Tween Brands, Inc., 8323 Walton Parkway, New Albany, OH 43054
by 5:00 p.m. on or before the seventh day following the date you sign this Letter Agreement.
	 
	16.	 	You agree to make yourself available for testimony at any proceeding and/or consultation with
the Company’s attorneys, and to cooperate fully during any investigation with respect to any
pending or future litigation that involves you and/or the Company because of your past role
with the Company or about which you have knowledge or information. The Company agrees to pay
you in full all reasonable expenses associated therewith. As to any such requests for
assistance after your severance period has ended, the Company agrees to pay you for the
services it requests at an hourly rate equivalent to the rate of your 2007 base salary,

 

 

	 	 	plus reasonable reimbursement for your expenses. You and the Company agree that
you will not be compensated by the Company in an amount exceeding your prior wage
rate at the Company, plus expenses. In addition, no fee will be paid in connection
with time spent testifying, but rather will be limited to time spent assisting the
Company or its attorneys in connection with an investigation of pending or future
litigation. The Company further agrees to indemnify and defend you in any pending
or future litigation that involves you and/or the Company because of your past role
with the Company or about which you have knowledge or information, to the fullest
extent permitted by the laws of Delaware as they may exist from time to time.
	 
	17.	 	You and the Company agree that this Letter Agreement serves to fulfill any and all notice
provisions in the Employment Agreement or otherwise.

Thank you for the many valuable contributions you have made to the Company and I wish you great
success in the future.

Sincerely,

Kenneth T. Stevens

President and

Chief Operating Officer

Agreed to and accepted:

/s/ Paul C. Carbone 
            
            
           

Paul C. CarboneUnassociated Document

    Exhibit
10.1

     

     

     

     

     

    
      	 
      	
              DATED

            	
              12
      March 2008

            	 
      
	 
      	 
      	 
      
	 
      	
              LLOYDS
      TSB BANK PLC, NETHERLANDS BRANCH

              AND
      BELGIUM BRANCH

            	
              (1)

            
	 
      	
              LLOYDS
      TSB COMMERCIAL FINANCE LIMITED,

            	
              (2)

            
	 
      	
              CIMCOOL
      EUROPE B.V.

            	
              (3)

            
	 
      	
              CIMCOOL
      INDUSTRIAL PRODUCTS B.V.

            	
              (4)

            
	 
      	
              D-M-E
      EUROPE CVBA

            	
              (5)

            
	 
      	
              FERROMATIK
      MILACRON MASCHINENBAU GMBH

            	
              (6)

            
	 
      	
              MILACRON
      KUNSTSTOFFMASCHINEN EUROPA GMBH

            	
              (7)

            
	 
      	
              MILACRON
      B.V

            	
              (8)

            
	 
      	
              And

            	 
      
	 
      	
              MILACRON
      NEDERLAND B.V

            	
              (9)

            

    

    

     

    
      	 
      	
               

              ASSET
      BASED FINANCE AGREEMENT (“Agreement”)

               

            	 
      

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    CONTENTS

     

    

     

    
      	
              1

            	
              INTERPRETATION

            	
              2

            
	
              2

            	
              FACILITIES

            	
              2

            
	
              3

            	
              FEES AND CHARGES

            	
              3

            
	
              4

            	
              ASSIGNMENT, SYNDICATION AND PARTICIPATION

            	
              3

            
	
              5

            	
              TERMINATION

            	
              4

            
	
              6

            	
              PERMITTED TRANSACTION

            	
              4

            
	
              7

            	
              NOTICES

            	
              5

            
	
              8

            	
              STATUS OF AGREEMENT

            	
              7

            
	
              9

            	
              COUNTERPARTS

            	
              7

            
	
              10

            	
              GOVERNING LAW AND JURISDICTION

            	
              7

            
	
              SCHEDULE 1 CONDITIONS PRECEDENT

            	
              8

            
	
              SCHEDULE 2 SPECIAL CONDITIONS

            	
              9

            
	
              SCHEDULE 3 DEFINITIONS

            	
              12

            
	
              SCHEDULE 4 FORM OF COMPLIANCE
CERTIFICATE

            	
              16

            
	
              SCHEDULE 5 FORM OF WORKED EXAMPLE FOR FIXED CHARGE COVERAGE
      COVENANT

            	
              17

            

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    
      	
              DATE
      OF ASSET BASED FINANCE AGREEMENT

            	
              12
      March 2008

               

            
	
              PARTIES

               

            
	
              (1)

            	
              LLOYDS TSB BANK PLC, a
      public limited company incorporated under the law of England and Wales
      (Company Number 00002065) acting through its branch offices at Staten
      Bolwerk 1, 2011 MK Haarlem, The Netherlands, which branch office is
      registered with the Trade Register of the Chamber of Commerce (Kamer van Koophandel)
      under number 33185396 (“Lloyds TSB Netherlands
      Branch”) and at 2 avenue de Tervueren, B-1040 Brussels registered
      with the register of legal entities (kruispuntbank voor
      ondernemingen) under enterprise number 0448315291 (“Lloyds TSB Belgium Branch”
      and together with Lloyds TSB Netherlands Branch, “Lloyds
      TSB”);

               

            
	
              (2)

            	
              LLOYDS TSB COMMERCIAL FINANCE
      LIMITED, a private limited company incorporated under the law of
      England and Wales (Company Number  00733011), with its
      registered offices at Boston House, Little Green, Richmond, Surrey TW9 1QE (“Lloyds TSB CF” and
      together with Lloyds TSB, the “Lenders”)

               

            
	
              (3)

            	
              CIMCOOL EUROPE B.V., a
      private limited liability company (besloten vennootschap met
      beperkte aansprakelijkheid) organised under the law of the
      Netherlands, whose registered seat (statutaire zetel) is
      Vlaardingen, the Netherlands, registered with the Chamber of Commerce of
      Rotterdam under number 24303473 and having its office address at
      Schiedamsedijk 20, 3134 KK, Vlaardingen, the Netherlands (“Cimcool
      Europe”);

               

            
	
              (4)

            	
              CIMCOOL INDUSTRIAL PRODUCTS
      B.V., a private limited liability company (besloten vennootschap met
      beperkte aansprakelijkheid) organised under the law of the
      Netherlands, whose corporate seat is at Vlaardingen, registered with the
      Chamber of Commerce under number  24212814 and having its office
      address at Schiedamsedijk 20, 3134 KK, Vlaardingen, the Netherlands (“Cimcool
      Industrial”);

               

            
	
              (5)

            	
              D-M-E EUROPE CVBA, a
      co-operative company (coöperatieve
      vennootschap) organised and existing under the law of Belgium,
      having its registered office at Industriepark Noord, Oude Baan 1, 2800
      Mechelen and recorded with the register of legal entities (kruispuntbank voor
      ondernemingen) under enterprise number 0456 932 455 (“D-M-E”);

               

            
	
              (6)

            	
              FERROMATIK MILACRON
      MASCHINENBAU GMBH, a German company registered in the commercial
      register of the Local Court Freiburg im Bresgau under HR B 260880, having
      its business seat at Riegeler Straße 4, D-79364 Malterdingen (“Ferromatik”);

               

            
	
              (7)

            	
              MILACRON KUNSTSTOFFMASCHINEN
      EUROPA GMBH, a German company registered in the commercial register
      of the Local Court Freiburg im Bresgau under HR B 260914, having its
      business seat at Riegeler Straße 4, D-79364 Malterdingen (“MKE”);

               

            
	
              (8)

            	
              MILACRON B.V. a private
      limited company (besloten vennootschap met
      beperkte aansprakelijkheid) organised under the law of the
      Netherlands, having its corporate seat in Vlaardingen, registered with the
      Chamber of Commerce under number 24209768  and having its office
      address at Schiedamsedijk 20, 3134 KK, Vlaardingen, the Netherlands;
      and

               

            

    

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

     

    
      	
              (9)

            	
              MILACRON NEDERLAND B.V.
      a private limited company (besloten vennootschap met
      beperkte aansprakelijkheid) organised under the law of the
      Netherlands, having its corporate seat in Vlaardingen, registered with the
      Chamber of Commerce under number 24280521 and having its office address at
      Schiedamsedijk 20, 3134 KK, Vlaardingen, the
  Netherlands.

            

    

     

    INTRODUCTION

     

    
      	
              A

            	
              Subject
      to the terms of this Agreement and the Financing Documents, the Lenders
      shall make the Facilities available to the
  Clients.

            

    

     

    
      	
              B

            	
              The
      parties hereto wish to record their agreement on various issues relating
      to the Facilities.

            

    

     

    IT
IS HEREWITH AGREED THAT:

     

    
      	
              1

            	
              INTERPRETATION

            

    

     

    
      	
              1.1

            	
              In
      this Agreement, capitalised terms (unless otherwise defined) shall have
      the meaning given to them in Schedule
3.

            

    

     

    
      	
              1.2

            	
              References
      to clauses, paragraphs and schedules are to be construed, unless otherwise
      stated, as references to clauses, paragraphs and schedules of this
      Agreement and references to this Agreement include its
      schedules.

            

    

     

    
      	
              2

            	
              FACILITIES

            

    

     

    
      	
              2.1

            	
              Facilities
      Limit

            

    

     

    The
maximum aggregate amount to be made available to the Clients pursuant to the
Facilities (the “Facility
Amount”) shall be twenty seven million euros (€27,000,000) at any time
outstanding on a revolving basis.

     

    
      	
              2.2

            	
              At
      the Commencement Date, the Property Facility Limit shall be an amount of
      eleven million one hundred and sixty thousand euros (€11,160,000) and
      shall thereafter reduce in equal quarterly amounts of two hundred and
      seventy nine thousand euros (€279,000). The Facility Amount shall remain
      constant regardless of such reduction of the Property Facility
      Limit.

            

    

     

    
      	
              2.3

            	
              For
      the avoidance of doubt, the Aggregate Debt Financing Limit shall be the
      Facility Amount less the Property Facility Limit from time to
      time.

            

    

     

    
      	
              2.4

            	
              All
      of the Facilities must be finally repaid on the date (the “Final Repayment Date”)
      falling five years after the Commencement
Date.

            

    

     

    
      	
              2.5

            	
              Purpose

            

    

     

    The
proceeds of the Facilities shall be used solely:

     

    
      	
               
      

            	
              (a)

            	
              to
      finance working capital needs of the Clients, including to refinance
      existing credit commitments of any of the Clients;
  and

            

    

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

     

    
      	
               
      

            	
              (b)

            	
              to
      finance working capital needs of affiliates of the Clients, including
      through dividends, distributions, intercompany loans, repayment of
      intercompany loans and similar intragroup
  transactions.

            

    

     

    
      	
              3

            	
              FEES AND CHARGES

            

    

     

    
      	
              3.1

            	
              Service
      Charge

            

    

     

    During
the course of the Facilities, the Clients shall pay to the Lenders, monthly in
arrears, a service charge of Euro 10,500 in aggregate per calendar month with
the Clients jointly and severally liable for such charge.

     

    
      	
              3.2

            	
              Arrangement
      Fee

            

    

     

    The
Clients shall pay to the Lenders on the Commencement Date an arrangement fee of
0.5% of the Facility Amount in aggregate with the Clients jointly and severally
liable for such fee.

     

    
      	
              3.3

            	
              Unused
      Line Fee

            

    

     

    During
the course of the Facilities, the Clients shall pay to the Lenders each month,
in aggregate, an unused line fee of 0.25% per annum on the average of the daily
unused amounts of the Facility Amount, in respect of the previous
month.

     

    
      	
              4

            	
              ASSIGNMENT, SYNDICATION AND
  PARTICIPATION

            

    

     

    
      	
              4.1

            	
              The
      Lenders  shall underwrite 100% of the Facilities but after the
      Commencement Date may assign, or grant participations in, up to 49 % of
      the Facility Amount to third parties, subject to the prior written consent
      of Milacron B.V. as to the proposed participants or assignees (with such
      consent not to be unreasonably withheld) and subject to compliance with
      the provision of clause 4.2.

            

    

     

    
      	
              4.2

            	
              The
      terms of any participation or assignment granted pursuant to clause 4.1 shall be void unless it is subject to
      terms preventing any assignee or new participant (whether direct or
      indirect) from assigning or granting participations in any of its rights
      or obligations under the Facilities without the prior written consent of
      Milacron B.V., with such consent not to be unreasonably
      withheld.

            

    

     

    
      	
              4.3

            	
              The
      Clients may only assign claims and rights under this Agreement or any of
      the Facilities or the Financing Documents, or respectively, encumber such
      claims with the rights of third parties with the prior written approval
      of  the Lenders, which shall not be unreasonably
      withheld.

            

    

     

    
      	
              4.4

            	
              Market
      Flex

            

    

     

    If the
Lenders acting in good faith are unable to achieve a Successful Syndication of
the Facilities in accordance with the terms of this clause 4.4 then the Lenders
shall be entitled (after consultation with the Clients and after demonstrating
that reasonable endeavours have been used to syndicate the Facilities
successfully) to increase the Margin in respect of each of the Facilities by a
maximum of 0.5%.

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

     

    
      	
              5

            	
              TERMINATION

            

    

     

    
      	
              5.1

            	
              Subject
      to clause 5.2 if the Facilities are terminated for any reason prior to the
      second anniversary of the Commencement Date, the Clients shall pay, on a
      joint and several basis, an early termination fee of 1% of the Facility
      Amount in aggregate to the Lenders.

            

    

     

    
      	
              5.2

            	
              The
      provisions of clause 5.1 will not apply in the event that the Lenders
      terminate the Facilities in accordance with the terms of the Financing
      Documents:

            

    

     

    
      	
               
      

            	
              (a)

            	
              because
      it becomes unlawful in any jurisdiction for Lloyds TSB or Lloyds TSB CF to
      perform any of their obligations contemplated by the Finance Documents or
      fund or maintain the Facilities;
and/or

            

    

     

    
      	
               
      

            	
              (b)

            	
              because
      a material adverse change in the Tax regime applicable to Lloyds TSB or
      Lloyds TSB CF occurs (where such material adverse change is not
      attributable to the wilful misconduct or gross negligence of the
      Lenders).

            

    

     

    For the
avoidance of doubt, the Lenders do not have any right to terminate the
Facilities for a material adverse change in the Tax regime if the Clients at
their discretion pay an amount to the Lenders equal to the amount required to
put the Lenders in the position that they would have been if such material
adverse change had not occurred.  The Lenders and the Clients agree
that if such a material adverse change in the Tax regime occurs and following
payment by the Clients to the Lenders of such aforementioned amount, the Lenders
receive more than the amount they would have received in the absence of such a
material adverse change in the Tax regime (whether because of a subsequent
change in the Tax regime or otherwise), the Lenders will refund to the Clients
the excess amount.

     

    
      	
              5.3

            	
              At
      any time after the second anniversary of the Commencement Date, the
      Clients may terminate the Facilities by giving at least 3 months notice to
      the Lenders or at the Clients’ sole discretion, by the Clients paying the
      Lenders the sum of US$200,000 (or the equivalent amount in Euro as at the
      date of payment) in aggregate to terminate the Facilities immediately at
      any time.

            

    

     

    
      	
              5.4

            	
              Termination
      of any of the Facilities will cause all other Facilities to be terminated
      simultaneously.

            

    

     

    
      	
              6

            	
              PERMITTED TRANSACTION

            

    

     

    
      	
              6.1

            	
              It
      is the Clients’ intention that, within six months of the date of this
      Agreement, Ferromatik and MKE will merge into
      MKE.  Nothwithstanding the provisions of any of the Financing
      Documents, the Lenders agree to such merger and the Clients agree to
      consult with the Lenders as soon as reasonably practicable prior to such
      merger to ensure that, so far as possible, the Lenders’ rights under the
      Facilities are not and will not be materially prejudiced by such
      merger.

            

    

     

    
      	
              6.2

            	
              Milacron
      B.V. agrees that immediately upon completion of the merger referred to in
      clause 6.1 above it will enter into a deed of pledge for the purpose of
      creating a right of pledge over the shares in the company resulting from
      such merger.

            

    

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

     

    
      	
              7

            	
              NOTICES

            

    

     

    
      	
              7.1

            	
              All
      notices or other communications in connection with this Agreement shall be
      given in writing. The address, email address and fax number of each party
      for all notices under this Agreement are those specified below (or such
      other address, email address or fax number as notified by that party by
      not less than five business days’ prior
notice):

            

    

     

    
      
        	 
      	
                (a)

              	
                Address
      of Lloyds TSB Netherlands Branch:

              
	 	 	 
	 
      	 
      	
                Staten
      Bolwerk 1

                2011
      MK Haarlem

                The
      Netherlands

                 

              
	 
      	 
      	
                Attention:

              	
                Loans
      Administration Department

              
	 
      	 
      	 
      	 
      	
                Mrs.
      Claudia Van der Meer

              
	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                Tel:

              	
                003123
      5168849

              	 
      
	 
      	 
      	
                Fax:

              	
                0031
      23 5517164

              	 
      
	 
      	 
      	
                E-mail:

              	
                Claudia.van.der.Meer@Lloydstsb.nl

              
	 	 	 
	 
      	
                (b)

              	
                Address
      of Lloyds TSB Belgium Branch:

              
	 	 	 
	 
      	 
      	
                2
      avenue de Tervueren

                B-1040
      Brussels

                Belgium

                 

              
	 
      	 
      	
                Attention:

              	
                Loans
      Administration Department

              
	 
      	 
      	 
      	 
      	
                Mr.
      Baudoin Benfante

              
	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                Tel:

              	
                +
      32 2 739 59 01

              	 
      
	 
      	 
      	
                Fax:

              	
                +
      32 2 733 04 64

              	 
      
	 
      	 
      	
                E-mail:

              	
                baudouin.benfante@lloydstsb.be

              
	 	 	 	 
	 
      	 
      	
                Address
      of Lloyds TSB CF:

              	 
      
	 	 	 
	 
      	 
      	
                Niederlassung
      Deutschland

              
	 
      	 
      	
                Gütersloher
      Str. 123

              	
                Moltkeplatz
      61

              
	 
      	 
      	
                D-33415
      Verl

              	
                45138
      Essen

              
	 
      	 
      	
                Germany

              	
                Germany

              
	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                Attention:

              	
                Mr.
      Ralf Bauer

              
	 
      	 
      	 
      	 
      	
                Managing
      Director

              
	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                Tel:

              	
                +49
      201 437818 800

              
	 
      	 
      	
                Fax:

              	
                +49
      201 437818 818

              
	 
      	 
      	
                E-mail:

              	
                Ralf.Bauer@ltsbcf.com

              
	 	 	 
	 
      	
                (c)

              	
                Address
      of Cimcool Europe B.V.:

              
	 	 	 
	 
      	 
      	
                Schiedamsedijk
      20

                3134
      KK, Vlaardingen

                The
      Netherlands

              
	 	 	 	 
	 
      	 
      	
                Attention:

              	
                René
      van Geemen

              
	 
      	 
      	
                Tel:

              	
                +31
      10 445 0067

                +31
      10 460 4706

              
	 
      	 
      	
                Fax:

              
	 
      	 
      	
                E-mail:

              	
                vangeemen.rene@cimcool.net

              
	 	 	 

      

       

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

       

      
        	 
      	
                (d)

              	
                Address
      of Cimcool Industrial Products B.V.:

              
	 	 	 
	 
      	 
      	
                Schiedamsedijk
      20

                3134
      KK, Vlaardingen

                The
      Netherlands

              
	 	 	 	 
	 
      	 
      	
                Attention:

              	
                René
      van Geemen

              
	 	 	 	 
	 
      	 
      	
                Tel:

              	
                +31
      10 445 0067

              
	 
      	 
      	
                Fax:

              	
                +31
      10 460 4706

              
	 
      	 
      	
                E-mail:

              	
                vangeemen.rene@cimcool.net

              
	 	 	 
	 
      	
                (f)

              	
                Address
      of D-M-E Europe CVBA:

              
	 	 	 
	 
      	 
      	
                Industriepark
      Noord G1

                Oude
      Baan 1

                B-2800
      Mechelen, Belgium

              
	 	 	 	 
	 
      	 
      	
                Attention:

              	
                Katja
      Thoelen

              
	 	 	 	 
	 
      	 
      	
                Tel:

              	
                +32
      152 150 51

              
	 
      	 
      	
                Fax:

              	
                +32
      154 051 51

              
	 
      	 
      	
                E-mail:

              	
                katja_thoelen@dmeeu.com

              
	 	 	 
	 
      	
                (g)

              	
                Address
      of Ferromatik
      Milacron Maschinenbau GmbH:

              
	 	 	 
	 
      	 
      	
                Riegeler
      Strasse 4

                D-79364
      Malterdingen

                Germany

              
	 	 	 	 
	 
      	 
      	
                Attention:

              	
                Albrecht
      Mehliss

              
	 	 	 	 
	 
      	 
      	
                Tel:

              	
                +49
      764 478 243

              
	 
      	 
      	
                Fax:

              	
                +49
      764 478 422

              
	 
      	 
      	
                E-mail:

              	
                albrecht_mehliss@ferromatik.com

              
	 	 	 
	 
      	
                (h)

              	
                Address
      of Milacron Kunststoffmaschinen Europa GmbH:

              
	 	 	 
	 
      	 
      	
                Riegeler
      Strasse 4

                D-79364
      Malterdingen

                Germany

              
	 	 	 	 
	 
      	 
      	
                Attention:

              	
                Albrecht
      Mehliss

              
	 	 	 	 
	 
      	 
      	
                Tel:

              	
                +49
      764 478 243

              
	 
      	 
      	
                Fax:

              	
                +49
      764 478 422

              
	 
      	 
      	
                E-mail:

              	
                albrecht_mehliss@ferromatik.com

              
	 	 	 

      

       

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

       

      
        	 
      	
                (i)

              	
                Address
      of Milacron B.V.:

              
	 	 	 
	 
      	 
      	
                Schiedamsedijk
      20

                3134
      KK, Vlaardingen

                The
      Netherlands

              
	 	 	 	 
	 
      	 
      	
                Attention:

              	
                Gerard
      van Deventer

              
	 	 	 	 
	 
      	 
      	
                Tel:

              	
                +31
      104 450 055

              
	 
      	 
      	
                Fax:

              	
                +31
      104 450 056

              
	 
      	 
      	
                E-mail:

              	
                gerard_vandeventer@milacron.com

              
	 	 	 
	 
      	
                (j)

              	
                Address
      of Milacron Nederland B.V.:

              
	 	 	 
	 
      	 
      	
                Schiedamsedijk
      20

                3134
      KK, Vlaardingen

                The
      Netherlands

              
	 	 	 	 	 
	 
      	 
      	
                Attention:

              	
                René
      van Geemen

              	 
      
	 	 	 	 
	 
      	 
      	
                Tel:

              	
                +31
      10 445 0067

              
	 
      	 
      	
                Fax:

              	
                +31
      10 460 4706

              
	 
      	 
      	
                E-mail:

              	
                vangeemen.rene@cimcool.net

              

      

    

     

    
      	
              8

            	
              STATUS OF AGREEMENT

            

    

     

    
      	
              8.1

            	
              Once
      executed, this Agreement, together with the Financing Documents and any
      security document entered into in connection therewith, includes all terms
      agreed between the Lenders, the Clients and the Guarantors in connection
      with the provision of the Facilities to the exclusion of any
      representations and statements made by either of Lloyds TSB or Lloyds TSB
      CF or any of the Clients or Guarantors or on behalf of any of them whether
      orally or in writing prior to the date of this
  Agreement.

            

    

     

    
      	
              8.2

            	
              In
      the event of any inconsistency between the terms of any of the Financing
      Documents and this Agreement, the terms of this Agreement shall
      prevail.

            

    

     

    
      	
              9

            	
              COUNTERPARTS

            

    

     

    This
Agreement may be executed in any number of counterparts and by different parties
on separate counterparts each of which, when executed and delivered, shall
constitute an original and all the counterparts together shall constitute but
one and the same agreement.

     

    
      	
              10

            	
              GOVERNING LAW AND
JURISDICTION

            

    

     

    
      	
              10.1

            	
              This
      Agreement is governed by the law of the
  Netherlands.

            

    

     

    
      	
              10.2

            	
              The
      competent courts of Amsterdam, The Netherlands shall have exclusive
      jurisdiction with regard to disputes in connection with this
      Agreement.

            

    

     

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    SCHEDULE 1

     

    CONDITIONS
PRECEDENT

     

    Before
making the Facilities available to the Clients, in addition to the conditions
precedent set out in the Financing Documents, the Lenders require the following
conditions precedent to be satisfied on terms satisfactory to the
Lenders:

     

    
      	
              1

            	
              GENERAL

            

    

     

    
      	
              1.1

            	
              In
      respect of each Client (and the directors and shareholders of such
      entities), the Lenders being satisfied with the results of the LTSB “Know
      Your Customer” (anti-money laundering) checks and procedures concerning
      such persons, as required by the Lenders’ policies and/or by applicable
      laws or regulations.

            

    

     

    
      	
              1.2

            	
              The
      Clients have provided evidence satisfactory to the Lenders that Opening
      Capital Employed at the Commencement Date is substantially in line with
      the information provided to the Lenders, after adjustment for any
      repatriation to the Clients’ affiliated entities in the United States
      pursuant to Conditions 1.6 and 1.7 of Schedule
  2.

            

    

     

    
      	
              1.3

            	
              The
      excess Availability as at the Commencement Date shall be no less than €7
      million (including without limitation the Permanent Headroom Block and
      taking into account sub-limits and reserves, payment of fees and expenses
      of the transaction, the application of the proceeds of the initial
      debtors, purchases and loans, and after deduction for obligations overdue
      beyond the historical and ordinary course of
  dealings).

            

    

     

    
      	
              1.4

            	
              At
      or immediately before the Commencement Date, trade creditors of the
      Clients must be at a level and in a condition reasonably satisfactory to
      the Lenders.

            

    

     

    
      	
              1.5

            	
              Completion
      and signing of the Financing Documents and all legal documentation in
      relation thereof, in a form satisfactory to the
  Lenders.

            

    

     

    
      	
              2

            	
              LEGAL
      OPINION

            

    

     

    Legal
opinion addressed and satisfactory to the Lenders from Cravath, Swaine &
Moore LLP confirming that the Financing Documents and related security
documentation entered into between the Clients and Lloyds TSB and/or Lloyds TSB
CF, as the case may be, do not breach the express provisions of the U.S.
Facility Documentation, subject to customary limitations and assumptions,
including as to the customary nature of the terms of the Financing Documents. In
view of the assumptions included in such legal opinion, each of the Clients
represents and warrants to the Lenders that each Client is a “Foreign Restricted
Subsidiary” as defined in the Parent Indenture and a “Foreign Subsidiary” as
defined in the Parent Credit Agreement and no Client is a “Guarantor” as defined
in the Parent Indenture or a “Credit Party” as defined in the Parent Credit
Agreement.

     

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

     

    
      SCHEDULE 2

    

     

    SPECIAL
CONDITIONS

     

    In
addition to the conditions set out in the Financing Documents, the following
special conditions apply:

     

    
      	
              1

            	
              OPERATING
      CONDITIONS

            

    

     

    
      	
              1.1

            	
              The
      Clients shall keep the Lenders satisfied that goods, which are or shall be
      assigned or security assigned to the Lenders, remain covered by insurance
      during transportation by delivering to
      the Lenders on or promptly following the Commencement Date, and upon
      annual renewal, copies of all relevant policies of insurance entered into
      with reputable insurers, which policies shall be up to date and in full
      force and effect.

            

    

     

    
      	
              1.2

            	
              Following
      a Termination Event (as defined in the Financing Documents), none of the
      Clients and the Guarantors shall repatriate any funds to any of the
      Clients’ affiliated entities in the United States, without the prior
      consent of the Lenders.

            

    

     

    
      	
              1.3

            	
              The
      aggregate borrowing under the Financing Documents shall never exceed 150%
      of the combined gross receivable ledger balances of the Clients at any
      time.

            

    

     

    
      	
              1.4

            	
              In
      the event of the requirement for an Administrative Agent to be appointed
      pursuant to a Successful Syndication, the Lenders will require an
      agreement customary for that
arrangement.

            

    

     

    
      	
              1.5

            	
              The
      Lenders shall apply a Permanent Headroom Block of €2 million against total
      Availability.

            

    

     

    
      	
              1.6

            	
              None
      of the Clients and the Guarantors shall repatriate any funds to the
      Clients’ affiliated entities in the United States which would result in
      more than (the Euro equivalent of) US$25,000,000 of the aggregate of the
      funds initially made available by the Lenders to the Clients pursuant to
      all the Financing Documents being repatriated to the Clients’ affiliated
      entities in the United States.

            

    

     

    
      	
              1.7

            	
              In
      relation to repatriation of funds to the United States in excess of the
      limit referred to in Condition 1.6 above, the Clients and Guarantors may
      repatriate further funds to any of their United States affiliated
      entities, provided that pro forma repatriation, Milacron B.V. will procure
      that a headroom of €7 million (including the Permanent Headroom Block) is
      maintained based on 6 months projections for the European Group and that
      the Clients are satisfied that such headroom is sufficient to cover their
      working capital requirements over that 6 months period. The Lenders are to
      be advised of such further proposed repatriations and, if requested by the
      Lenders, Milacron B.V. will provide the Lenders with a 6 month cashflow
      forecast in respect of the European
Group.

            

    

     

    
      	
              2

            	
              FINANCIAL
      AND OTHER COVENANTS

            

    

     

    
      	
              2.1

            	
              Fixed
      Charge Coverage Covenant:

            

    

     

    So long
as the Facilities remain outstanding, Milacron B.V. shall procure that the ratio
of EBITDA to Total Fixed Charges in respect of the European Group is maintained
for each Review Period at a minimum of 1:1.

     

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

     

    
      	
              2.2

            	
              Compliance

            

    

     

    
      	
               
      

            	
              (a)

            	
              On
      each Test Date, Milacron B.V. shall deliver to the Lenders a Compliance
      Certificate (in substantially the form set out in Schedule 4 to this
      Agreement) showing compliance with the financial covenant set out in
      Schedule 2, Condition 2.1 for the relevant Review
  Period.

            

    

     

    
      	
               
      

            	
              (b)

            	
              The
      EBITDA and Total Fixed Charges in respect of each Review Period (all as
      referred to in the financial covenant set out in Schedule 2, Condition
      2.1) shall be determined by reference to the consolidated financial
      statements duly applying U.S. GAAP of Milacron B.V. for the relevant
      Review Period (and in the case of the first Review Period, by reference to
      the most recent two quarters’ consolidated financial statements of
      Milacron B.V. as at 30 June 2008) and in each case shall be prepared on a
      basis consistent with the financial projections provided by the Clients to
      the Lenders in the electronic data room established by DLA Piper UK LLP
      prior to the date of this Agreement.  For the avoidance of doubt
      a worked example is included herewith in Schedule
  5.

            

    

     

    
      	
              2.3

            	
              Debt
      Turn and Dilution Rate Covenants

            

    

     

    
      	
               
      

            	
              (a)

            	
              At
      all times during the life of the Facilities, the Debt Turn shall not
      exceed (i) 80 days in respect of Ferromatik, (ii) 85 days in respect of
      the Cimcool Europe, (iii) 60 days in respect of Cimcool Industrial and
      (iii) 80 days in respect of D-M-E.

            

    

     

    
      	
               
      

            	
              (b)

            	
              At
      all times during the life of the Facilities, the Dilution Rate shall not
      exceed (i) 6% in respect of Ferromatik, (ii) 2% in respect of Cimcool
      Europe and Cimcool Industrial and (iii) 6% in respect of
      D-M-E.

            

    

     

    
      	
               
      

            	
              (c)

            	
              The
      Debt Turn and Dilution Rate covenants set out in Schedule 2, Conditions
      2.3 (a) and (b) above shall be measured by the Lenders on the last Working
      Day of each successive calendar month commencing on the last Working Day
      of March 2008 and the Lenders may, at their discretion acting reasonably,
      ignore for the purpose of any such measurement, any anomalous or
      exceptional item, event or circumstance by virtue of it having arisen
      otherwise than as a result of an actual and genuine deterioration of the
      debt portfolio. Failure to comply with the Debt Turn and Dilution Rate
      covenants shall not constitute and does not result in an event of default
      or Termination Event under the Facilities but the Lenders (acting
      reasonably and in good faith) shall be entitled to make a proportionate
      and commensurate reserve against Availability to reflect the increased
      risk associated with such
non-compliance..

            

    

     

    
      	
              3

            	
              OTHER
      PROVISIONS

            

    

     

    
      	
              3.1

            	
              In
      the event that Lloyds TSB or Lloyds TSB CF are to provide a guarantee or a
      Letter of Credit (reserved against available funding) on behalf of a
      Client, a monthly fee will be charged at the rate equal to the margin
      charged for that month. Such fee does not include the issuer’s normal
      charges.

            

    

     

    
      	
              3.2

            	
              The
      Lenders may charge reasonable fees/expenses where it is reasonably
      necessary to delegate any of its functions as agent, security trustee, or
      where an exceptional workload is involved. Such fees are to be agreed with
      the Clients before being incurred.

            

    

     

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

     

    
      	
              3.3

            	
              The
      Clients shall pay to the Lenders, promptly upon the Lenders’ requests in
      accordance with fees estimates provided to, or actual costs properly
      incurred by, the Lenders, all reasonable out-of-pocket legal and closing
      expenses properly incurred in connection with the provision of the
      Facilities, including legal fees and disbursements, filing and search
      fees, appraisal fees, environmental fees and field examination expenses,
      customary administration expenses of the Lenders and daily field
      administration charges, in each case with any applicable VAT, provided
      that the Lenders agree to pay (or reimburse the Clients for) the amount of
      any, notarisation, filing and registration fees and duties in Belgium over
      the amount of ten thousand euros
(€10,000).

            

    

     

    The
parties hereto intend that the terms and provisions of this Agreement, the
Financing Documents and the related security documentation be, and shall be
interpreted to be, consistent in all respects with the terms and provisions of
the U.S. Facility Documentation.  The parties hereto acknowledge that
it shall not be the responsibility of the Lenders to ensure compliance with the
terms and provisions of the U.S. Facility Documentation.

     

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    SCHEDULE 3

     

    DEFINITIONS

     

    The
following words shall have the following meaning when used in this
Agreement:

     

    “Administrative Agent” means a
legal entity appointed to administer all or any of the Debt Financing Agreements
and/or the Property Facility, pursuant to a Successful Syndication.

     

    “affiliate” means, in relation
to any person, a subsidiary of that person or a holding company of that person
or any other subsidiary of that holding company.

     

    “Aggregate Debt Financing Limit”
means the maximum aggregate amount to be made available to the Clients
pursuant to the Debt Financing Agreements at any one time.

     

    “Availability” means any
positive balance of the aggregate of the value of Eligible Debt and the value of
the German Property minus the aggregate of all outstanding loan amounts advanced
and debts purchased under the Financing Documents.

     

    “Belgian Receivables Finance
Agreement” means the receivables finance agreement dated on or about the
date of this Agreement between Lloyds TSB Belgium Branch and D-M-E.

     

    “Capital Expenditure” means
all net cash payments for fixed assets or improvements replacements,
substitutions or additions thereto having a useful life or remaining useful life
of more than one year and that are required to be capitalised under U.S.
GAAP.

     

    “Clients” means each of
Cimcool Europe, Cimcool Industrial, D-M-E and Ferromatik.

     

    “Commencement Date” means 12
March 2008.

     

    “Debt Finance Facility”
means the revolving
facilities to be made available to the Clients under the terms of the Debt
Financing Agreements.

     

    “Debt Financing Agreement”
means any of the Dutch Receivables Finance Agreements, the Belgian Receivables
Finance Agreement and the German Debt Purchase Agreement.

     

    “Debt Turn” means in relation
to any assigned or pledged debt, the number of days (when measured on a cash
collection basis), being the result of dividing the aggregate of the end of
calendar monthly debtor balances in a relevant jurisdiction by net sales for
that calendar month and multiplying the result by 30.5.

     

    “Dilution Rate” means the
average over a period of twelve months (calculated on a rolling basis) of the
face value of credit notes and non-cash credits, write offs and other
adjustments issued by a Client in a relevant jurisdiction in respect of assigned
or pledged debts which are notified to Lloyds TSB or Lloyds TSB CF, the effect
of which is to reduce the value of such assigned or pledged debts, expressed as
a percentage of the face value of all assigned or pledged debts over such twelve
months period.

     

    “Dutch Receivables Finance
Agreements” means each of the receivables finance agreements dated on or
about the date of this Agreement made between Lloyds TSB Netherlands Branch and
Cimcool Europe and between Lloyds TSB Netherlands Branch and Cimcool
Industrial.

     

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

     

    “EBITDA” means, for any Review
Period, the consolidated operating profit of the European Group for that Review
Period, as shown in the consolidated accounts for the Review Period
before:

     

    
      	
               
      

            	
              (a)

            	
              extraordinary
      and exceptional items;

            

    

     

    
      	
               
      

            	
              (b)

            	
              provision
      for Taxation;

            

    

     

    
      	
               
      

            	
              (c)

            	
              provision
      for amortisation and depreciation (including provision for write-down of
      assets); and

            

    

     

    
      	
               
      

            	
              (d)

            	
              Net
      Interest Expense.

            

    

     

    “Eligible Debt” means any debt
which is (i) an Approved Invoice as defined in the Dutch Receivables Finance
Agreements or the Belgian Receivables Finance Agreement, or (ii) an Approved
Receivable as defined in the German Debt Purchase Agreement.

     

    “EURIBOR” means the one month
interbank rate offered in Euro displayed on Reuters screen page EURIBOR 01 or,
if such page is replaced or Reuters screen service ceases to be available, such
rate as displayed on such other page or service specified by the Lenders, after
consultation with the Clients.

     

    “European Group” means
Milacron B.V and its direct and indirect subsidiaries.

     

    “Facilities” means the
Property Facility and the Debt Finance Facility.

     

    “Financing Documents” means
the Debt Financing Agreements and the Property Facility Agreement.

     

    “Fixed Charge Coverage ratio”
means the ratio set out in Schedule 2, Condition 2.1 of this
Agreement.

     

    “German Debt Purchase
Agreement” means the debt purchase agreement dated on or about the date
hereof between Ferromatik (as “Seller”) and Lloyds TSB
CF.

     

    “German Property” means the
real estate property owned by Ferromatik registered with the land register of
Malterdingen kept at the local court of Emmendingen, folio 55, parcels 6561 and
6562 of the map 183.21 and parcels 6607/1, 6607/2 and 4698/6 of the map
184.21.

     

    “Guarantors” means each of the
Clients, Milacron B.V., Milacron Nederland B.V. and MKE.

     

    “Lenders” means Lloyds TSB and
Lloyds TSB CF together.

     

    “Lenders’ Cost of Funds” means
the EURIBOR rate as notified by the Lenders to the Clients.

     

    “Margin” means 1.75 per cent.
per annum over the Lenders’ Cost of Funds in respect of the Debt Finance
Facility and 2.00 per cent. per annum over the Lenders’ Cost of Funds in respect
of the Property Facility.

     

    “Net Interest Expense” means
the aggregate of interest paid in cash by members of the European Group on
borrowings during the Review Period less the aggregate of interest receivable in
cash by members of the European Group during the Review Period.

     

    “Opening Capital Employed”
means total capital plus retained earnings plus or minus and currency
translation adjustments of the European Group.

     

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    “Parent Credit Agreement”
means the credit agreement dated as of 19 December 2006 (as amended,
supplemented or otherwise modified heretofore) by and among Milacron Inc. and
each of the other borrowers signatory thereto, as borrowers, certain other
subsidiaries of Milacron Inc. signatory thereto, as credit parties, the lenders
signatory thereto from time to time and General Electric Capital Corporation, as
administrative agent.

     

    “Parent Indenture” means the
Indenture dated as of 26 May 2004 (as amended, supplemented or otherwise
modified heretofore) by and among U.S Bank National Association, as trustee,
Milacron Inc. (successor by merger to Milacron Escrow Corporation) as issuer,
and the guarantors party thereto, relating to the 11 1⁄2% senior secured notes due
2011.

     

    “Permanent Headroom Block”
means an excess of Availability in the amount of two million euros (€2,000,000)
to be maintained throughout the term of the Financing Documents.

     

    “Property Facility” means a
revolving facility to be made available to Ferromatik under the terms of the
Property Facility Agreement.

     

    “Property Facility Agreement”
means the agreement dated on or about the date hereof between Lloyds TSB
Netherlands Branch and Ferromatik pursuant to which Lloyds TSB Netherlands
Branch will make the Property Facility available to Ferromatik.

     

    “Property Facility Limit”
means the maximum amount to be made available under the Property Facility at any
one time.

     

    “Review Period” means the most
recent two financial quarters of Milacron B.V. as at the relevant Test
Date.

     

    “subsidiary” means an entity
in which a person:

     

    
      	
              (i)

            	
              holds
      beneficially (directly or indirectly) more than 50% of the issued share
      capital (or similar rights of ownership);
or

            

    

     

    
      	
              (ii)

            	
              holds
      beneficially (directly or indirectly) the right to control the composition
      of the majority of its board of directors (or equivalent body) or controls
      the majority of the voting rights, in each case, whether through the
      ownership of voting capital or by
contract.

            

    

     

    For the
avoidance of doubt, a person will not have “control” as specified in paragraph
(ii) above where that person has joint control.

     

    “Successful Syndication” means
the Lenders transferring participations and commitments in the Facilities to
other banks and financial institutions approved by the Clients so that it has
assigned or granted participations in 49% of the Facility Amount;

     

    “Tax” or “Taxation” means any form of
taxation and duty, impost or tariff in each case in the nature of taxation
assessable on a Lender in any jurisdiction (including, for the avoidance of
doubt, any jurisdiction in which the Lender is resident, established or acts
through a branch office).

     

    “Termination Event” has the
meaning given to such term in the Dutch Receivables Finance
Agreements.

     

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    “Test Date” means a date
falling no more than two calendar months after the end of each financial quarter
and the first Test Date shall be no later than two calendar months after 30 June
2008.

     

    “Total Fixed Charges” means,
for a Review Period, the aggregate of:

     

    
      	
               
      

            	
              (a)

            	
              Net
      Interest Expense;

            

    

     

    
      	
               
      

            	
              (b)

            	
              Capital
      Expenditure incurred by the European Group during the Review
      Period;

            

    

     

    
      	
               
      

            	
              (c)

            	
              all
      scheduled repayments of principal under the terms of any external
      borrowings of the European Group falling due during the Review Period,
      excluding repayments of principal of any borrowings from affiliates of any
      member of the European Group falling due in the Review Period and
      excluding repayments pursuant to the Facilities;
  and

            

    

     

    
      	
               
      

            	
              (d)

            	
              all
      cash distributions, dividends and other permitted returns of capital paid
      during the Review Period but excluding any repatriation of funds (by loans
      or any other means) directly or indirectly to Milacron Inc. or any of its
      non-European subsidiaries and excluding any distributions or cash payments
      made in the ordinary course of business pursuant to contractual
      obligations.

            

    

     

    “U.S. Facility Documentation”
means the Parent Credit Agreement and the Parent Indenture.

     

    “U.S. GAAP” means generally
accepted accounting principles in the United States applied from time to
time.

     

    “Working Day” means a day
(other than a Saturday or a Sunday) on which commercial banks are open for
general business in Amsterdam, Frankfurt, Brussels and London.

     

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    SCHEDULE 4

     

    FORM
OF COMPLIANCE CERTIFICATE

     

    To:           The
Lenders

     

    From:        Milacron
B.V.

     

    

     

    Dated:

     

    

     

    Dear
Sirs

     

    Asset
Based Finance Agreement dated  [·] March 2008 (the “ABFA”) :
Financial Covenants etc.

     

    
      
        	
                1 
      

              	
                We
      refer to the ABFA.  This is a compliance
      certificate.  Terms defined in the ABFA have the same meaning in
      this compliance certificate.

              

      

       

      
        	
                1 
      

              	
                We
      confirm that, based on the information attached to this certificate, which
      we hereby certify to be true, complete and
  accurate:

              

      

       

    

    
      	
               
      

            	
              ●

            	
              The
      Fixed Charge Coverage ratio set out in Schedule 2, Condition 2.1 of the
      ABFA is at a minimum of 1:1; and

            

    

     

    
      	
               
      

            	
              ●

            	
              We
      confirm that no Termination Event is continuing under the Financing
      Documents.

            

    

     

    

     

    

    
    

     

    
      	Signed: 	.................................. 
	 	 
	 	Director of Milacron
      B.V. 

    

     

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

      

     

    SCHEDULE 5

     

    FORM
OF WORKED EXAMPLE FOR FIXED CHARGE COVERAGE COVENANT

     

    

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    This
Agreement has been duly executed and signed by the representatives of the
parties as set out below.

     

     

    

     

    
      	
              LLOYDS
      TSB BANK PLC,

            
	
              NETHERLANDS
      BRANCH

            	
              )

            	 
      
	 
      	 
      	
              )

            	 
      
	
              acting
      by

            	
              Mark
      Louman

            	
              )

            	
              /s/
      Mark Louman

            
	 
      	
              Head
      of Finance, Northern Europe

            	
              )

            	
              Authorised
      signatory

            
	 
      	 
      	
              )

            	 
      
	
              and
      by

            	
              Claudia
      Roswitha van der Meer

            	
              )

            	
              /s/
      Claudia Roswitha van der Meer

            
	 
      	
              Manager
      Loans & Legal

            	
              )

            	
              Authorised
      signatory

            
	 
      	
              Consultant

            	 
      	 
      
	 
      	 
      	 
      	 
      
	
              LLOYDS
      TSB BANK PLC,

            
	
              BELGIUM
      BRANCH

            	
              )

            	 
      
	 
      	 
      	
              )

            	 
      
	
              acting
      by

            	
              Baudouin
      Benfante

            	
              )

            	
              /s/
      Baudouin Benfante

            
	 
      	
              Manager,
      Finance and Loans

            	
              )

            	
              Authorised
      signatory

            
	 
      	
              Administration
      Department

            	
              )

            	 
      
	 	 	 	 
	
              and
      by

            	
              Luc
      Vanleeuwe

            	
              )

            	
              /s/
      Luc Vanleeuwe

            
	 
      	
              Manager,
      Wholesale Banking

            	
              )

            	
              Authorised
      signatory

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              LLOYDS
      TSB COMMERCIAL FINANCE LIMITED,

            
	 
      	 
      	
              )

            	 
      
	
              acting
      by

            	
              Ralf
      Bauer

            	
              )

            	
              /s/
      Ralf Bauer

            
	 
      	
              Permanent
      Representative

            	
              )

            	
              Authorised
      signatory

            
	 
      	 
      	
              )

            	 
      
	
              and
      by

            	
              Robert
      James Eddowes

            	
              )

            	
              /s/
      Robert James Eddowes

            
	 
      	
              Permanent
      Representative

            	
              )

            	
              Authorised
      signatory

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              CIMCOOL
      EUROPE B.V.

            	
              )

            	 
      
	 
      	 
      	
              )

            	 
      
	
              acting
      by

            	
              Bart
      Joosen

            	
              )

            	
              /s/
      Bart Joosen

            
	 
      	
              Proxyholder

            	
              )

            	
              Authorised
      signatory

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              CIMCOOL
      INDUSTRIAL PRODUCTS B.V.

            	
              )

            	 
      
	 
      	 
      	
              )

            	 
      
	
              acting
      by

            	
              Bart
      Joosen

            	
              )

            	
              /s/
      Bart Joosen

            
	 
      	
              Proxyholder

            	
              )

            	
              Authorised
      signatory

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      

    

     

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

     

    
      	
              D-M-E
      EUROPE CVBA

            	
              )

            	 
      
	 
      	 
      	
              )

            	 
      
	
              acting
      by

            	
              Gerardus
      van Deventer

            	
              )

            	
              /s/
      Gerardus van Deventer

            
	 
      	
              Managing
      Director

            	
              )

            	
              Authorised
      signatory

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              FERROMATIK
      MILACRON MACHINENBAU

            	
              )

            	 
      
	
              GMBH

            	 
      	
              )

            	 
      
	 
      	 
      	
              )

            	 
      
	
              acting
      by

            	
              Guy
      Moillet

            	
              )

            	
              /s/
      Guy Moillet

            
	 
      	
              Managing
      Director

            	
              )

            	
              Authorised
      signatory

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              MILACRON
      KUNSTSTOFFMASCHINEN

            	
              )

            	 
      
	
              EUROPA
      GMBH

            	
              )

            	 
      
	 
      	 
      	
              )

            	 
      
	
              acting
      by

            	
              Albrecht
      Mehliss

            	
              )

            	
              /s/
      Albrecht Mehliss

            
	 
      	
              Managing
      Director

            	
              )

            	
              Authorised
      signatory

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              MILACRON
      B.V.

            	
              )

            	 
      
	 
      	 
      	
              )

            	 
      
	
              acting
      by

            	
              Gerardus
      van Deventer

            	
              )

            	
              /s/
      Gerardus van Deventer

            
	 
      	
              Managing
      Director

            	
              )

            	
              Authorised
      signatory

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              MILACRON
      NETHERLANDS B.V.

            	
              )

            	 
      
	 
      	 
      	
              )

            	 
      
	
              acting
      by

            	
              Bart
      Joosen

            	
              )

            	
              /s/
      Bart Joosen

            
	 
      	
              Proxyholder

            	
              )

            	
              Authorised
      signatory

            
	 
      	 
      	 
      	 
      

    

    

    18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]