Document:

EXHIBIT 10.1

                           SHARE PURCHASE AGREEMENT

This  Agreement  made  as of the 15th day of June, 2007 ("Agreement"),  by  and
between WILLIAM TAY, with  an  address at 305 Madison Avenue, Suite # 1166, New
York, New York 10165 USA ("Seller"), and WANG XIAO PENG with an address at Room
1819  Mingyong Building, No.60 Xian  Road,  Shekekou  District,  Dalian,  China
116021 ("Purchaser").

WITNESSETH:

WHEREAS,  Seller is the record owner and holder of 1,390,000 Common Shares, par
value $.0001  par  value  (the  "Shares"),  of AMALGAMATED ACQUISITION CORP., a
Delaware corporation ("Corporation"), which Corporation has 1,390,000 shares of
common stock, issued and outstanding as of the  date of this Agreement, as more
fully described in the attached Exhibit A.

WHEREAS, Purchaser desires to purchase 1,390,000  of  the  Shares  from Seller,
which constitutes 100% of the Corporation's issued and outstanding shares as of
the  date  of  this  Agreement and Seller desires to sell such Shares upon  the
terms and conditions hereinafter set forth;

NOW, THEREFORE, in consideration  of  the foregoing and of the mutual covenants
and agreements contained in this Agreement,  and  in  order  to  consummate the
purchase and sale of the Corporation's Shares, it is hereby agreed, as follows:

   1. PURCHASE AND SALE OF SHARES. Subject to the terms and conditions  of this
   Agreement, Purchaser agrees to purchase at the Closing and the Seller agrees
   to  sell  to  Purchaser  at the Closing, 1,390,000 of Seller's Shares for  a
   total price of Thirty-Three  Thousand  and  00/100 US dollars (US$33,000.00)
   (the "Purchase Price").

   2. GOOD FAITH DEPOSIT. At the signing of this Agreement, Purchaser agrees to
   wire transfer to an account to be designated  by  Seller,  the  sum  of Five
   Thousand and 00/100 US dollars (US$5,000.00), equal to approximately fifteen
   percent  (15%)  of the sales price, as an initial deposit to Seller. At  the
   Closing, as defined  below,  Purchaser  will pay the balance of the Purchase
   Price, Twenty-Eight Thousand and 00/100 US  dollars  (US28,000.00) to Seller
   by wire transfer.

   3.  CLOSING.  The purchase and sale of the Shares shall  take  place  on  or
   before June 26,  2007;  at  such  time and place as the Purchaser and Seller
   mutually  agree  upon  orally  or  in writing  (which  time  and  place  are
   designated as the "Closing"). At Closing, Purchaser shall deliver to Seller,
   in cash, by wire transfer to an account  to  be  designated  by  Seller, the
   balance  of  the  Purchase Price in the amount of Twenty-Eight Thousand  and

<PAGE>

   00/100 US dollars (US$28,000.00),  and  Seller  will immediately deliver the
   following  to  Purchaser:  (A)  the  certificates  representing  the  Shares
   transferred  hereunder,  duly  endorsed  for transfer to  the  Purchaser  or
   accompanied by appropriate stock powers, (B) the original of the Certificate
   of Incorporation and bylaws, (C) all corporate  books and records (including
   all  accounting  records  and  SEC  filings  to  date);   and   (D)  written
   resignations of incumbent directors and officers of the Corporation.

   4.  REPRESENTATIONS  AND WARRANTIES OF SELLER. Seller, as sole director  and
   officer of Corporation, hereby represents and warrants to Purchaser that:

       (i)   Corporation  is  a corporation duly organized and validly existing
             and in good standing  under  the laws of the State of Delaware and
             has the corporate power and authority  to carry on the business it
             is now being conducted. Corporation and/or  Seller  do not require
             any consent and/or authorization, declaration or filing  with  any
             government  or  regulatory  authority  to  undertake  any  actions
             herein;

       (ii)  Corporation  has  filed  with  the  United  States  Securities and
             Exchange Commission (`SEC") a registration statement on Form 10-SB
             effective pursuant to the Securities Exchange Act of 1934 and is a
             reporting company pursuant to Section 12(g) thereunder

       (iii) Corporation  has  timely  filed  and  is  current  on  all reports
             required to be filed by it pursuant to Sections 13 and 15  of  the
             Securities Exchange Act of 1934.

       (iv)  Corporation   is   newly  formed  with  no  financial  information
             available other than the financial information included in its SEC
             filings;

       (v)   There  are  no  legal  actions,   suits,  arbitrations,  or  other
             administrative, legal or governmental  proceedings  threatened  or
             pending  against  the  Corporation  and/or  Seller  or against the
             Seller  or  other  employee,  officer, director or stockholder  of
             Corporation. Additionally, Seller  is not aware of any facts which
             may/might  result  in  or  form  a basis  of  such  action,  suit,
             arbitration or other proceeding on any basis whatsoever;

       (vi)  The Corporation has no subsidiaries  or  any  direct  or  indirect
             ownership   interest   in   any  other  corporation,  partnership,
             association, firm or business in any manner;

       (vii) The Corporation and/or Seller  does not have in effect nor has any
             present intention to put into effect  any  employment  agreements,
             deferred    compensation,   pension   retirement   agreements   or

<PAGE>

             arrangements,   options   arrangements,   bonus,   stock  purchase
             agreements, incentive or profit-sharing plans;

       (viii)No other person or firm has, or will have, any right,  interest or
             valid  claim  against the Corporation for any commission,  fee  or
             other compensation  in  connection  with  the  sale  of the Shares
             herein  as  a  finder  or broker or in any similar capacity  as  a
             result of any act or omission  by the Corporation and/or Seller or
             anyone acting on behalf of the Corporation and/or Seller;

       (ix)  The business and operation of the  Corporation  has  and  will  be
             conducted   in   accordance   with  all  applicable  laws,  rules,
             regulations,  judgments.  Neither   the   execution,  delivery  or
             performance of this Agreement (A) violates  the  Corporation's by-
             laws, Certificate of Incorporation, Shareholder Agreements  or any
             existing resolutions; and, (B) will cause the Corporation to  lose
             any  benefit  or  any  right  or  privilege  it  enjoys  under the
             Securities Act ("Act") or other applicable state securities laws;

       (x)   Corporation has not conducted any business and/or entered into any
             agreements with third-parties;

       (xi)  This Agreement has been duly executed and delivered by constitutes
             a valid and binding instrument, enforceable in accordance with its
             terms  and does not conflict with or result in a breach of  or  in
             violation of the terms, conditions or provisions of any agreement,
             mortgage,   lease  or  other  instrument  or  indenture  to  which
             Corporation and/or Seller a party or by which they are bound;

       (xii) Seller is the  legal  and  beneficial  owner of the Shares and has
             good and marketable title thereto, free  and  clear  of any liens,
             claims, rights and encumbrances;

       (xiii)Seller  warrants that the Corporation being transferred  shall  be
             transferred with no liabilities and little or no assets, and shall
             defend and hold Purchaser and the Corporation harmless against any
             action by  any  third party against either of them arising out of,
             or as a consequence  of,  any  act  or  omission  of Seller or the
             Corporation prior to, or during the closing contemplated  by  this
             contract of sale; and,

       (xiv) The information contained on Exhibit A is true and correct.

   5.  REPRESENTATIONS AND WARRANTIES OF PURCHASER. Purchaser hereby represents
   and warrants to Seller that:

<PAGE>

             I.     Purchaser  has  the  power  and  authority  to  execute and
                    deliver   this   Agreement,   to  perform  his  obligations
                    hereunder and to consummate the  transactions  contemplated
                    hereby. This Agreement has been duly executed and delivered
                    by   Purchaser   and   constitutes   a  valid  and  binding
                    instrument, enforceable in accordance with its terms;

             II.    The execution, delivery and performance  of  this Agreement
                    is in compliance with and does not conflict with  or result
                    in a breach of or in violation of the terms, conditions  or
                    provisions  of  any  agreement,  mortgage,  lease  or other
                    instrument or indenture to which Purchaser is a party or by
                    which Purchaser is bound;

             III.   At no time was Purchaser presented with or solicited  by or
                    through any leaflet, public promotional meeting, television
                    advertisement or any other form of general solicitation  or
                    advertising;

             IV.    Purchaser  is  purchasing  the  Shares  solely  for his own
                    account for the purpose of investment and not with  a  view
                    to, or for sale in connection with, any distribution of any
                    portion  thereof  in violation of any applicable securities
                    law;

             V.     The Purchaser is an  "accredited investor" as defined under
                    Rule 501 under the Securities Act; and,

             VI.    Purchaser hereby agrees  that  such  shares  are restricted
                    pursuant  to  Rule  144 and therefore subject to  Rule  144
                    resale requirements.

   6.  NOTICES.  Notice  shall  be  given  by certified  mail,  return  receipt
   requested, the date of notice being deemed  the date of postmarking. Notice,
   unless  either party has notified the other of  an  alternative  address  as
   provided hereunder, shall be sent to the address as set forth herein:

                    Seller:      William Tay
                                 305 Madison Avenue
                                 Suite #1166
                                 New York, NY 10165 USA
                                 FAX: +(917) 591-2648

                    Purchaser:   Wang Xiao Peng
                                 c/o QMIS Capital Finance Pte Ltd.
                                 Room 1819 Mingyong Building
                                 No.60 Xian Road, Shekekou District
                                 Dalian, China 116021
                                 FAX: 0086-0411-84507399

<PAGE>

   7. GOVERNING  LAW.  This  Agreement  shall  be  interpreted  and governed in
   accordance with the laws of the State of Delaware. The parties  herein waive
   trial  by  jury. In the event that litigation results or arise out  of  this
   Agreement or  the performance thereof, the parties agree that the prevailing
   party is entitled to reimbursement for the nonprevailing party of reasonable
   attorney's fee,  costs,  expenses,  in addition to any other relief to which
   the prevailing party may be entitled.

   8. CONDITIONS TO CLOSING. The Closing is conditioned upon the fulfillment by
   the Seller of the satisfaction of the  representations  and  warranties made
   herein  being  true and correct in all material respects as of the  date  of
   Closing.

   9. SEVERABILITY.  In  the event that any term, covenant, condition, or other
   provision  contained herein  is  held  to  be  invalid,  void  or  otherwise
   unenforceable  by any court of competent jurisdiction, the invalidity of any
   such term, covenant,  condition,  provision  or  Agreement  shall  in no way
   affect  any  other  term,  covenant,  condition  or  provision  or Agreement
   contained herein, which shall remain in full force and effect.

   10.  ENTIRE AGREEMENT. This Agreement contains all of the terms agreed  upon
   by the parties with respect to the subject matter hereof. This Agreement has
   been entered into after full investigation.

   11. INVALIDITY. If any paragraph of this Agreement shall be held or declared
   to be  void,  invalid  or illegal, for any reason, by any court of competent
   jurisdiction, such provision  shall  be ineffective but shall not in any way
   invalidate or effect any other clause,  Paragraph,  section  or part of this
   Agreement.

   12. GENDER AND NUMBER; SECTION HEADINGS. Words importing a particular gender
   mean and include the other gender and words importing a singular number mean
   and  include  the  plural number and vice versa, unless the context  clearly
   indicated to the contrary.  The section and other headings contained in this
   Agreement are for reference purposes  only  and shall not affect the meaning
   or interpretation of this Agreement.

   13.  AMENDMENTS.  No  amendments or additions to  this  Agreement  shall  be
   binding  unless  in writing,  signed  by  both  parties,  except  as  herein
   otherwise provided.

   14. ASSIGNMENT. Neither  party may assign this Agreement without the express
   written consent of the other  party.  Any  agreed  assignment  by the Seller
   shall  be  effectuated  by  all  the necessary corporate authorizations  and
   governmental and/or regulatory filings.

<PAGE>

   15. CLOSING DOCUMENTS. Seller and  Purchaser agree, at any time, to execute,
   and   acknowledge  where  appropriate,  and   to   deliver   any   and   all
   documents/instruments,  and take such further action, which may necessary to
   carry out the terms, conditions,  purpose  and intentions of this Agreement.
   This paragraph shall survive the Closing.

   16.  EXCLUSIVE  AGREEMENT; AMENDMENT. This Agreement  supersedes  all  prior
   agreements or understandings  among  the parties with respect to its subject
   matter with respect thereto and cannot be changed or terminated orally.

   17. FACSIMILE SIGNATURES. Execution of this Agreement and delivery of signed
   copies thereof by facsimile signatures  from  the  parties  hereto  or their
   agents  is  acceptable  to  the parties who waive any objections or defenses
   based upon lack of an original signature.

   18. PUBLICITY. Except as otherwise  required  by  law,  none  of the parties
   hereto shall issue any press release or make any other public statement,  in
   each  case  relating  to, connected with or arising out of this Agreement or
   the matters contained herein,  without  obtaining  the prior approval of the
   other  to  the  contents  and  the  manner of presentation  and  publication
   thereof.

IN WITNESS WHEREOF, and intending to be legally bound, the parties hereto have
signed this Agreement by their duly authorized officers the day and year first
above written.

                    Seller Signature:         /s/ William Tay
                                              -----------------------------
                    Seller Printed:           William Tay

                    Purchaser Signature:      /s/ Wang Xiao Peng
                                              -----------------------------
                    Purchaser Printed:        Wang Xiao Pengex10-1.htm

    

      ELEVENTH
        AMENDMENT TO AMENDED AND RESTATED

       

      REVOLVING
        AND TERM LOAN AGREEMENT

       

      THIS
        ELEVENTH AMENDMENT TO AMENDED AND RESTATED REVOLVING AND TERM LOAN AGREEMENT
        (this "Amendment"), made and effective as of the 26nd
        day of June, 2007, is by and among CAVALIER HOMES, INC., a
        Delaware corporation, CAVALIER PROPERTIES, INC., a Delaware
        corporation, CAVALIER HOME BUILDERS, LLC, a Delaware limited
        liability company, CAVALIER REAL ESTATE CO., INC., a Delaware
        corporation, QUALITY HOUSING SUPPLY, LLC, a Delaware limited
        liability company, CIS FINANCIAL SERVICES, INC., an Alabama
        corporation f/k/a "Cavalier Acceptance Corporation", BRC COMPONENTS,
        INC., an Alabama corporation, THE HOME PLACE, LLC, an
        Alabama limited liability company, and RIDGE POINTE MANUFACTURING,
        LLC, an Alabama limited liability company (individually, a "Borrower"
        and collectively, the "Borrowers"), and FIRST COMMERCIAL BANK,
        an Alabama state banking corporation (the "Lender").

       

      RECITALS:

       

      A.           The
        Lender and the Borrowers, either by original execution or subsequent assumption,
        are parties to that certain Amended and Restated Revolving and Term Loan
        Agreement dated as of March 31, 2000, as amended by that certain First Amendment
        to Amended and Restated Revolving and Term Loan Agreement dated as of September
        29, 2000, as further amended by that certain Second Amendment to Amended
        and
        Restated Revolving and Term Loan Agreement dated as of May 4, 2001, as further
        amended by that certain Third Amendment to Amended and Restated Revolving
        and
        Term Loan Agreement entered into during June 2002, as further amended by
        that
        certain Fourth Amendment to Amended and Restated Revolving and Term Loan
        Agreement dated as of October 25, 2002, and as further amended by that certain
        Fifth Amendment to Amended and Restated Revolving and Term Loan Agreement
        entered into as of August 6, 2003, Sixth Amendment to Amended and Restated
        Revolving and Term Loan Agreement entered into as of October 26, 2004, Seventh
        Amendment to Amended and Restated Revolving and Term Loan Agreement entered
        into
        as of October 25, 2005, Eighth Amendment to Amended and Restated Revolving
        and
        Term Loan Agreement entered into as of December 6, 2005, and Ninth Amendment
        to
        Amended and Restated Revolving and Term Loan Agreement entered into as of
        May
        23, 2006, and Tenth Amendment to Amended and Restated Revolving and Term
        Loan
        Agreement entered into as of February 21, 2007 (as heretofore amended, the
        "Loan
        Agreement").  Unless otherwise defined herein or unless the context
        shall expressly indicate otherwise, all capitalized terms which are used
        herein
        shall have their respective meanings given to them in the Loan
        Agreement.

       

      B.           The
        Lender and the Borrowers have agreed to amend the Loan Agreement to provide
        for
        a temporary increase in availability and to make certain other revisions,
        all as
        herein set forth.

       

      NOW,
        THEREFORE, for good and valuable consideration, the receipt and
        sufficiency of which are hereby acknowledged, the parties hereto do hereby
        agree, each with the other, as follows:

      
        
          
            1572986
              v6    

          

          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      1.           The
        Loan Agreement is hereby amended by changing the definition of “Borrowing Base”
in Schedule I to read in its entirety as follows:

      

      “Borrowing
        Base” means a principal amount equal to the lesser of (i) $25,000,000 or
        (ii) the Collateral Loan Value or (iii) the Net Worth Loan Value, all as
        determined by Lender from time to time in accordance with this Agreement;
        except
        that during the Temporary Advance Period, “Borrowing Base” shall mean a
        principal amount equal to the lesser of (i) $30,000,000 or (ii) the Collateral
        Loan Value, as determined by Lender from time to time in accordance with
        the
        Agreement

       

      2.           The
        Loan Agreement is hereby amended by changing the definition of “Revolving Loan
        Commitment” in Schedule I to read in its entirety as follows:

       

      “Revolving
        Loan Commitment” means the Lender’s commitment to lend to Borrowers up to
        the sum of $25,000,000 ($30,000,000 during the Temporary Advance Period)
        in
        principal amount outstanding from time to time pursuant to Article II of
        the
        Agreement, and subject to the terms of the Agreement; provided that under
        no
        circumstances shall the Revolving Loan Commitment at any time exceed the
        Borrowing Base.

       

      3.           The
        definition of “Eligible Accounts” contained in Schedule I of the Agreement is
        hereby amended to read in its entirety as follows:

       

      “Eligible
        Accounts” shall include only Accounts arising in the ordinary course of
        Borrowers’ business from the sale of goods or rendition of services which are
        less than forty-five (45) days old as measured from the invoice date (150
        days
        in the case of the Special Receivables), and which Lender, in its sole credit
        judgment deem to be Eligible Accounts.

       

      4.           Schedule
        I of the Agreement is hereby amended by deleting the definition of “First
        Temporary Advance Period” and “Second Temporary Advance Period” and adding the
        following new definition of “Temporary Advance Period” and “Special
        Receivables”:

       

      “Special
        Receivables” shall mean Accounts owed by the Mississippi Emergency
        Management Agency in connection with the Mississippi Alternative Housing
        Project.

       

      “Temporary
        Advance Period” shall mean the period beginning on June 1, 2007 and ending
        on February 5, 2008.

       

      5.           Borrower
        acknowledges and agrees that immediately upon the expiration of the Temporary
        Advance Period, without further notice from or action by Bank, it will make
        such
        payments as shall be necessary to reduce the total outstanding principal
        amount
        of the Revolving Loan to no more than $25,000,000.

       

      6.           During
        the Temporary Advance Period, Borrower will submit, in addition to other
        reports
        required by the Loan Agreement, a Borrowing Base Report in the form of Exhibit
        “A”

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      
        hereto.  The
          report will be submitted no later than the twenty-fifth (25th) day
          of each month
          as of the end of the prior month.

      

       

      7.           Contemporaneously
        herewith, Borrower is executing in favor of Bank a renewal Revolving Promissory
        Note, which Note will hereafter evidence the indebtedness represented by
        the
        Revolving Loan as provided in the Loan Agreement.

       

      8.           As
        a condition to the effectiveness of this Amendment: (i) Borrower shall pay
        directly or reimburse Lender for all fees, expenses and out-out-pocket costs
        incurred by the Lender, any and all filing fees, recording fees or taxes,
        documentary stamp or intangibles taxes, and reasonable expenses and fees
        of
        Lender's legal counsel, incurred in connection with the preparation, amendment,
        modification or enforcement of this Amendment and all other documents executed
        and delivered in connection herewith; (ii) Borrower shall execute and deliver
        to
        Lender all further documents and perform all other acts which Lender reasonably
        deems necessary or appropriate to perfect or protect its security for the
        Obligations; and (iii) Borrower shall have delivered to Lender such other
        documentation, if any, as may be requested by Lender to satisfy Lender that
        this
        Amendment, and all other documents and instruments executed by Borrower in
        connection with this Amendment or in furtherance hereof, have each been duly
        authorized, executed and delivered on behalf of Borrower, and constitute
        valid
        and binding obligations of Borrower

       

      9.           Except
        as otherwise expressly set forth in this Amendment, all Collateral described
        in
        any agreement providing security for any Obligation of the Borrowers, or
        any of
        them, shall remain subject to the liens, pledges, security interests and
        assignments of any such agreements as security for the Obligations, and all
        other indebtedness described therein; nothing contained in this Amendment
        shall
        be construed to constitute a novation of any of the indebtedness evidenced
        by
        the Notes, as amended, or to release, satisfy, discharge or otherwise affect
        or
        impair in any manner whatsoever (a) the validity or enforceability of any
        of the
        indebtedness evidenced by the Notes, as amended; (b) the liens, pledges,
        security interests, assignments and conveyances effected by the Loan Agreement,
        the Security Documents and any other agreement securing any of the Notes,
        as
        amended, or the priority thereof; (c) the liability of any maker, endorser,
        surety, guarantor or other Person that may now or hereafter be liable under
        or
        on account of any of the Notes, as amended, or any agreement securing any
        or all
        of the Notes, as amended; or (d) any other security or instrument now or
        hereafter held by Lender as security for or as evidence of any of the
        above-described indebtedness. Without in any way limiting the foregoing,
        each
        Borrower acknowledges and agrees that the indebtedness evidenced by each
        of the
        Notes is and shall remain secured by the Collateral described in the Loan
        Agreement and in the Security Documents.

       

      10.           Borrowers,
        jointly and severally, hereby represent and warrant to Lender that (i) the
        officers of each Borrower executing this Amendment have been duly authorized
        to
        do so and such Amendment and the Loan Agreement are valid and binding upon
        each
        Borrower which is a party thereto in every respect, enforceable in accordance
        with their terms, (ii) each and every representation and warranty set forth
        in
        Article VI of the Loan Agreement is true and correct as of the date hereof,
        (iii) no Event of Default, nor any event that, upon notice or lapse of time
        or
        both, would constitute an Event of Default, has occurred and is continuing,
        and
        (iv) as of the date hereof, it has no defenses or offsets with respect to
        the
        Obligations, as herein modified.

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      

      11.           Unless
        otherwise expressly modified or amended hereby, all terms and conditions
        of the
        Loan Agreement as heretofore amended shall remain in full force and effect,
        and
        the same, as amended hereby, are hereby ratified and confirmed in all
        respects.  This Amendment shall inure to and be binding upon and
        enforceable by Borrowers and Lender and their respective successors and
        assigns.  This Amendment may be executed in one or more counterparts,
        each of which when executed and delivered shall constitute an original. All
        such
        counterparts shall together be deemed to be one and the same instrument.
        The
        parties agree that any facsimile signature of any party on any counterpart
        original of this Amendment shall be deemed to be an original signature of
        such
        party for all purposes and shall fully bind the party whose facsimile signature
        appears on the counterpart original.  Time is of the essence in the
        performance of each and every term, covenant, condition and agreement set
        forth
        herein.

      

      [No
        further text this page; Signature page follows.]

       

      

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties hereto have caused this Amendment to be
        properly executed and delivered as of the day and year first above
        written.

       

      

      
        	 	
                BORROWERS:

              
	 	 	 
	 	
                CAVALIER
                  HOMES, INC., a Delaware corporation

              
	 	 	 
	 	
                By:

              	
                /s/
                  MICHAEL R. MURPHY

              
	 	
                Print
                  Name:

              	
                Michael
                  R. Murphy

              
	 	
                Title:

              	
                Vice
                  President

              
	 	 	 
	 	 	 
	 	
                CAVALIER
                  PROPERTIES, INC., a Delaware corporation

              
	 	 	 
	 	
                By:

              	
                /s/
                  MICHAEL R. MURPHY

              
	 	
                Print
                  Name:

              	
                Michael
                  R. Murphy

              
	 	
                Title:

              	
                President

              
	 	 	 
	 	 	 
	 	
                CAVALIER
                  HOME BUILDERS, LLC, a Delaware limited liability
                  company

              
	 	 	 
	 	
                By:

              	
                /s/
                  MICHAEL R. MURPHY

              
	 	
                Print
                  Name:

              	
                Michael
                  R. Murphy

              
	 	
                Title:

              	
                President

              
	 	 	 
	 	 	 
	 	
                CAVALIER
                  REAL ESTATE CO., INC., a Delaware corporation

              
	 	 	 
	 	
                By:

              	
                /s/
                  MICHAEL R. MURPHY

              
	 	
                Print
                  Name:

              	
                Michael
                  R. Murphy

              
	 	
                Title:

              	
                President

              
	 	 	 
	 	 	 
	 	
                QUALITY
                  HOUSING SUPPLY, LLC, a Delaware limited liability
                  company

              
	 	 	 
	 	
                By:

              	
                /s/
                  MICHAEL R. MURPHY

              
	 	
                Print
                  Name:

              	
                Michael
                  R. Murphy

              
	 	
                Title:

              	
                Vice
                  President

              
	 	 	 
	 	 	 

      

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      

      
        	 	
                CIS
                  FINANCIAL SERVICES, INC., an Alabama corporation

              
	 	 	 
	 	
                By:

              	
                /s/
                  HEATHER YORK

              
	 	
                Print
                  Name:

              	
                Heather
                  York

              
	 	
                Title:

              	
                Secretary

              
	 	 	 
	 	 	 
	 	
                BRC
                  COMPONENTS, INC., an Alabama corporation

              
	 	 	 
	 	
                By:

              	
                /s/
                  MICHAEL R. MURPHY

              
	 	
                Print
                  Name:

              	
                Michael
                  R. Murphy

              
	 	
                Title:

              	
                Secretary

              
	 	 	 
	 	 	 
	 	
                THE
                  HOME PLACE, LLC, an Alabama limited liability company

              
	 	 	 
	 	
                By:

              	
                /s/
                  MICHAEL R. MURPHY

              
	 	
                Print
                  Name:

              	
                Michael
                  R. Murphy

              
	 	
                Title:

              	
                Vice
                  President

              
	 	 	 
	 	 	 
	 	
                RIDGE
                  POINTE MANUFACTURING, LLC, an Alabama limited liability
                  company

              
	 	 	 
	 	
                By:

              	
                /s/
                  MICHAEL R. MURPHY

              
	 	
                Print
                  Name:

              	
                Michael
                  R. Murphy

              
	 	
                Title:

              	
                Managing
                  Member

              
	 	 	 

      

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      

      

      
        	 	
                LENDER:

              
	 	 	 
	 	
                FIRST
                  COMMERCIAL BANK, an Alabama banking corporation

              
	 	 	 
	 	
                By:

              	
                /s/
                  JAMES W. BRUNSTAD

              
	 	
                Print
                  Name:

              	
                James
                  W. Brunstad

              
	 	
                Title:

              	
                Senior
                  Vice President

              

      

      

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      EXHIBIT
        “A”

       

      FORM
        OF BORROWING BASE CERTIFICATE

       

       

      BORROWING
        BASE REPORT

      (CONSOLIDATED)

       

       

      First
        Commercial Bank

      800
        Shades Creek Parkway (Zip Code 35209)

      P.
        O. Box
        11746 (Zip Code 35202-1746)

      Birmingham,
        Alabama

      Attention:
        Jim Brunstad

       

      Facsimile:
        (205) 868-4898

       

      Date
        of
        This Report: ______________________

       

      
        	
                 

              	
                Re:

              	
                Amended
                  and Restated Revolving and Term Loan Agreement to Cavalier
                  Homes, Inc. and the Other
                  Borrowers

              

      

       

      Ladies
        and Gentlemen:

       

      In
        accordance with the Amended and Restated Revolving and Term Loan Agreement
        dated
        as of March 31, 2000, as amended from time to time, by and among the Borrowers
        (as defined in the Loan Agreement hereinafter referred to) and First Commercial
        Bank (the "Loan Agreement"), we provide the following information in support
        of
        the Borrowing Base.

       

      1.          The
        Borrowing Base on the date of this Report is $___________, further reduced
        by
        outstanding letters of credit of $____________, to $__________, and is
        calculated in accordance with the Loan Agreement as follows [select as
        applicable, the lesser of (a) or (b)]:

       

                (a)           Collateral
        Loan Value is $___________, calculated as follows:

       

      
        	
                 

              	
                (i)

              	
                Value
                  of Eligible Accounts = $_________x .80 = $_________ (excluding
                  Special Receivables)

              

      

      
        	
                 

              	
                (ii)

              	
                Value
                  of Special Receivables = $_________x .80 =
                  $_________

              

      

      
        	
                 

              	
                (iii)

              	
                Value
                  of Eligible Inventory = $_________x .50 =
                  $_________

              

      

       

      Total
        of
        (i), (ii) + (iii) = $______________

       

      (b)           Minimum
        Borrowing Base during the Temporary Advance Period of $30,000,000.

       

      2.         The
        summary aging of Special Receivables included in item 1 above and the
        calculation of the related Collateral Loan Value is:

      
        
          
            
              	
                      1572986
                        v6                                                  

                    	
                      Exhibit
                        “A” -
                        1            

                    	 

            

          

          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                Accounts
                  Receivable Aging periods (from invoice date)

              	 	
                Addison

                Plant

              	 	
                Millen

                Plant

              	 	
                Winfield

                Plant

              	 	
                Total

              
	
                0
–
                  30 days

              	 	 	 	 	 	 	 	
                   0

              
	
                31
                  – 60 days

              	 	 	 	 	 	 	 	
                   0

              
	
                61
                  – 90 days

              	 	 	 	 	 	 	 	
                   0

              
	
                91
                  – 120 days

              	 	 	 	 	 	 	 	
                   0

              
	
                121
                  – 150 days

              	 	 	 	 	 	 	 	
                   0

              
	
                Total
                  Eligible

              	 	
                   0

              	 	
                   0

              	 	
                   0

              	 	
                   0

              
	
                Borrowing
                  Base Amount (80%)

              	 	
                   0

              	 	
                   0

              	 	
                   0

              	 	
                   0

              

      

      

      3.           All
        amounts and information set forth in this report or in any attachment are
        true
        and correct in all respects on and as of the date of this report.

       

      4.           Terms
        capitalized herein have the same meaning as those in the Loan
        Agreement.

       

      The
        undersigned officer certifies that the foregoing information is true, accurate
        and complete.

       

      
        	 	
                CAVALIER
                  HOMES, INC., for itself, and as agent for the other
                  Borrowers

              
	 	 	 
	 	
                By:

              	 
	 	
                Its:

              	
                Chief
                  Financial Officer

              

      

      

      

      	 1572986
              v6                                                  	
              Exhibit
                “A” - 2

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