Document:

<PAGE>

                                                                    Exhibit 10.5

                                                                  EXECUTION COPY

                                 AMENDMENT NO. 9

          AMENDMENT NO. 9 (this "Amendment No. 9") dated as of June 30, 2003 to
the Credit Agreement referred to below, between CHART INDUSTRIES, INC., a
Delaware corporation (the "Borrower"); each of the Subsidiaries of the Borrower
identified under the caption "SUBSIDIARY GUARANTORS" on the signature pages
hereto (individually, a "Subsidiary Guarantor" and, collectively, the
"Subsidiary Guarantors" and, together with the Borrower, the "Obligors"); and
JPMORGAN CHASE BANK, as administrative agent for the Lenders (in such capacity,
together with its successors in such capacity, the "Administrative Agent").

          The Borrower, Chart Heat Exchangers Limited (formerly known as Chart
Marston Limited) as a Subsidiary Borrower, the Subsidiary Guarantors, each of
the lenders that is a signatory thereto and the Administrative Agent are parties
to a Credit Agreement dated as of April 12, 1999 (as heretofore modified and
supplemented and in effect immediately prior to the effectiveness of this
Amendment No. 9, the "Credit Agreement"), providing, subject to the terms and
conditions thereof, for loans and other extensions of credit to be made by said
lenders to the Borrower in an aggregate principal or face amount as specified
therein. The Borrower, the Subsidiary Guarantors, the Lenders and the
Administrative Agent wish to amend the Credit Agreement in certain respects, and
accordingly, the parties hereto hereby agree as follows:

          Section 1. Definitions. Except as otherwise defined in this Amendment
No. 9, terms defined in the Credit Agreement are used herein as defined therein.

          Section 2. Amendments. Subject to the satisfaction of the conditions
precedent specified in Section 5, but effective as of the date hereof, the
Credit Agreement shall be amended as follows:

          2.01. General References. References in the Credit Agreement
(including references to the Credit Agreement as amended hereby) to "this
Agreement" (and indirect references such as "hereunder", "hereby", "herein" and
"hereof") shall be deemed to be references to the Credit Agreement as amended
hereby.

          2.02. Definitions.

          A. Section 1.01 of the Credit Agreement is hereby amended by adding
the following new definitions (to the extent not already included in said
Section 1.01) and inserting the same in the appropriate alphabetical locations
and by amending in their entirety the following definitions (to the extent
already included in said Section 1.01), as follows:

          "Amendment No. 9" means Amendment No. 9 dated as of June 30, 2003 to
     this Agreement.

                                 Amendment No. 9

<PAGE>

                                       -2-

          "Amendment No. 9 Effective Date" means the date on which Amendment No.
     9 shall become effective.

          "Approved Budget" means the "Chart Industries, Inc. Consolidated
     Weekly Cash Flow Forecast" attached as Schedule I to Amendment No. 9.

          "Deferral Date" means July 15, 2003.

          "Lenders' Payment Account" means the account referred to as such in
     the last paragraph of Section 2.10(b)(v).

          B. Section 1.01 of the Credit Agreement is hereby further amended by
     deleting each of the following definitions in its entirety: "Asset Sales
     Proceeds Account", "Bechtel Letter of Credit", "Bechtel Letter of Credit
     Account" and "Waiver Maturity Date".

          2.03 Bechtel Letters of Credit. Section 2.05(m) of the Credit
     Agreement is hereby deleted in its entirety.

          2.04. Disposition of Proceeds of Approved Dispositions. Section
2.10(b)(v) of the Credit Agreement is hereby amended by (a) deleting the last
three paragraphs thereof and (b) inserting the following two new paragraphs at
the end thereof to read as follows:

               "Notwithstanding the foregoing, (A) $3,716,300 of the Net
     Available Proceeds of the Greenville Tube Disposition shall be paid to the
     Borrower on the date of consummation of such Disposition (the "GT Closing
     Date") and shall be applied pursuant to clauses (III) and (IV) below and
     (B) the remainder of such Net Available Proceeds shall be paid to the
     Administrative Agent on the GT Closing Date and shall be applied pursuant
     to clauses (I), (II) and (V) below:

               (I) on the GT Closing Date or as promptly as practicable
          thereafter, the Administrative Agent shall pay and/or reimburse all
          unpaid fees, expenses and other costs of the Administrative Agent and
          the members of the Steering Committee (including fees and expenses of
          Milbank, Tweed, Hadley & McCloy LLP, counsel to the Administrative
          Agent, and FTI Consulting) payable under Section 10.03(a) of the
          Credit Agreement for which invoices shall have theretofore been
          furnished to the Borrower and/or the Administrative Agent (and which
          invoices shall have been approved by the Administrative Agent), and
          pay a retainer for each of such professional firms in an amount
          reasonably determined by the Administrative Agent;

               (II) on the GT Closing Date or as promptly as practicable
          thereafter, the Administrative Agent shall pay the Lenders the March
          2003 Interest Payment in accordance with the Credit Agreement,
          provided that the payments under clauses (I) and (II) of this
          paragraph shall not exceed $2,991,973;

                                 Amendment No. 9

<PAGE>

                                       -3-

               (III) on the GT Closing Date or as promptly as practicable
          thereafter, the Borrower shall apply $516,300 of such Net Available
          Proceeds to the payment of amounts due and owing with respect to those
          certain Hedging Agreements between Bank of America and the Borrower;

               (IV) on the GT Closing Date or as promptly as practicable
          thereafter, the Borrower will retain $3,200,000 of such Net Available
          Proceeds which will be used by the Borrower solely for the payment of
          amounts specified in the Approved Budget; and

               (V) the remainder of such Net Available Proceeds paid to the
          Administrative Agent on the GT Closing Date shall be deposited into
          the Lenders' Payment Account and, thereafter from time to time (prior
          to the Deferral Date) the Borrower may request, by written notice to
          the Administrative Agent and the Steering Committee, the withdrawal of
          amounts held in the Lenders' Payment Account, it being understood and
          agreed that any such withdrawal shall be in the sole and absolute
          discretion of the Administrative Agent and the Steering Committee and
          that neither the Administrative Agent nor the Steering Committee shall
          have any obligation whatsoever to approve any such request; provided
          that if any such withdrawal is so approved, the Administrative Agent
          shall pay to the Borrower in accordance with its instructions such
          approved amounts, which will be used promptly by the Borrower solely
          for such approved purposes.

          As of the Amendment No. 9 Effective Date, the Administrative Agent
     shall establish an escrow or other account for the sole and exclusive
     benefit of the Lenders herein referred to as the "Lenders' Payment
     Account", into which there shall be deposited the amounts contemplated by
     clause (V) of the immediately preceding paragraph. The parties hereby agree
     that the funds and any investments thereof (and all earnings thereon) at
     all times from and after the initial deposit of amounts into the Lenders'
     Payment Account shall constitute property of the Lenders (and not the
     Borrower or any of its Subsidiaries), which shall be held in such account
     for the benefit of the Lenders (subject to the terms hereof) and neither
     the Borrower nor any of its Subsidiaries shall have any right, claim or
     entitlement to any such funds (which the Borrower and its Subsidiaries
     hereby expressly waive). The amounts held in the Lenders' Payment Account
     may be applied at any time to the Secured Obligations (as defined in the
     Security Agreement) (including any interest deferred pursuant to the last
     paragraph of 2.12(d)) as the Steering Committee shall so direct. Without
     limiting any other rights and remedies which the Lenders or the
     Administrative Agent may have under the Credit Documents or otherwise, upon
     (x) the occurrence of any Default, (y) the Lenders' bound by the lockup
     agreements contemplated by the term sheet referred to in Section 5 of
     Amendment No. 8 ceasing to hold enough claims to constitute an accepting
     class for purposes of Bankruptcy Code Section 1126 or the failure by the
     Borrower to observe or perform any covenant, condition, or agreement
     contained in such lockup agreements or the occurrence of any of the
     termination events described in paragraphs (vii)(a) and (b) of such lockup
     agreements or (z) the Business Day immediately preceding the date of the
     Borrower's commencement of a Chapter 11 case,

                                 Amendment No. 9

<PAGE>

                                       -4-

     the Administrative Agent shall apply the balance of the Lenders' Payment
     Account to the payment of the Secured Obligations (including any such
     deferred interest) as the Steering Committee shall so direct."

          2.05. Deferral of Certain Interest Payments and Other Amounts. The
last paragraph of Section 2.12(d) of the Credit Agreement is hereby amended in
its entirety to read as follows:

          "Notwithstanding anything herein to the contrary, the Borrower and the
     Lenders hereby acknowledge and agree that (i) the accrued and unpaid
     interest, commitment fees and letter of credit fees payable to the Lenders
     (or any affiliate thereof, as applicable) and the Issuing Lenders under the
     Credit Agreement and any Hedging Agreement on or about March 31, 2003
     (collectively, the "March 2003 Interest Payment") shall be deferred and be
     payable on the Deferral Date (or such earlier date on which payment thereof
     is required to be made, in whole or in part, in accordance with clause (II)
     of the penultimate paragraph of Section 2.10(b)(v)) and (ii) the interest
     on the Loans falling due on or about each of April 30, 2003, May 30, 2003
     and June 30, 2003 shall be deferred and be payable on the Deferral Date.
     For avoidance of doubt, the Lenders hereby acknowledge and agree that no
     Default or Event of Default shall have occurred, or shall occur, as a
     result of the Borrower's failure to pay any such interest or other amounts
     on the original due date therefor."

          2.06. Dispositions.

          A. Section 7.03(b) of the Credit Agreement is hereby amended as
follows: (a) by deleting clause (viii) in its entirety and replacing it with
"(viii) [Intentionally deleted]" and (b) by amending clause (ix) to read in its
entirety as follows:

          "(ix) the Disposition of all or substantially all of the assets of
     Greenville Tube on or prior to July 7, 2003, provided that (A) the Net
     Available Proceeds of such Disposition to be received in cash by the
     Borrower and/or Greenville Tube at the consummation of such Disposition
     shall be at least $10,800,000, (B) the other terms of the purchase or
     similar agreement(s) providing for such Disposition shall be reasonably
     satisfactory to the Administrative Agent, (C) not less than two Business
     Days prior to the consummation of such Disposition, the Borrower will
     deliver to the Administrative Agent a statement, certified by a Financial
     Officer of the Borrower, in form and substance reasonably satisfactory to
     the Administrative Agent, of the Net Available Proceeds of such Disposition
     anticipated to be received by the Borrower on such date of consummation and
     (D) the Net Available Proceeds of such Disposition shall be applied in
     accordance with the penultimate paragraph of Section 2.10(b)(v); and"

          B. Section 7.03(b) of the Credit Agreement is hereby further amended
by inserting a new paragraph immediately before the last paragraph thereof to
read in its entirety as follows:

                                 Amendment No. 9

<PAGE>

                                       -5-

          "In furtherance of the foregoing, in connection with any Approved
     Disposition each of the Lenders hereby authorizes the Administrative Agent
     to enter into such agreements and other instruments with the seller, the
     buyer and/or the buyer's lender(s) with respect to the property being sold
     or leased as part of such Approved Disposition, including releases,
     termination statements, subordination, non-disturbance and attornment
     agreements and/or recognition agreements, as shall be reasonably acceptable
     to the Administrative Agent (and the Lenders hereby confirm and ratify all
     such agreements and instruments)."

          Section 3. Waivers. Subject to the limitations set forth in Section 6
of this Amendment No. 9, but with effect on and after the Amendment No. 9
Effective Date, each Obligor, each Lender and the Administrative Agent hereby
agree that any Default or Event of Default that has occurred and is continuing
on such date or may thereafter arise solely as a result of the following is
hereby waived: (i) any breach of the requirements of Section 2.09(a)(ii),
2.09(a)(iii) or 2.12 of the Credit Agreement at any time prior to the Deferral
Date, (ii) any breach of the requirements of Section 7.09 of the Credit
Agreement for any period ending prior to the Deferral Date, (iii) any breach of
Section 7.03(a)(iv) of the Credit Agreement solely with respect to the
Borrower's failure to have given prompt written notice to the Administrative
Agent of the dissolution of Chart Industries Foreign Sales Corporation, (iv) any
breach of Section 7.07 and any Event of Default under Section 8(d) of the Credit
Agreement solely with respect to the Borrower's repurchase of capital stock of
the Borrower from the 401(k) plan established for the Borrower's employees, (v)
any Event of Default under Section 8(f) of the Credit Agreement solely with
respect to Borrower's failure to make payments of interest when due under the
Hedging Agreements between the Borrower and Bank of America, (vi) any Event of
Default under Sections 8(i) and (j) of the Credit Agreement solely as a result
of the initiation and pendency of the UK Insolvency Proceeding (other than under
Section 8(q) of the Credit Agreement), and (vii) any Event of Default under
Section 8(j) of the Credit Agreement solely with respect to the Borrower's
inability to pay the amounts owing under the Credit Agreement or owing under the
Hedging Agreements between the Borrower and Bank of America when due, provided
that the waivers under this Section 3 shall terminate and be of no further force
or effect on or after 12:01 a.m., New York City time, on the Deferral Date. Upon
the Deferral Date, the Administrative Agent and the Lenders shall be entitled to
exercise all of its or their rights, powers, privileges and remedies under or in
respect of the Credit Agreement and the other Credit Documents, at law, in
equity or otherwise in connection with the obligations owing by the Obligors
thereunder, and all collateral security and/or guarantees therefor, all of which
are expressly reserved hereunder.

          Section 4. Representations and Warranties. The Borrower represents and
warrants to the Lenders that (a) the representations and warranties set forth in
Article IV of the Credit Agreement are true and complete on the date hereof as
if made on and as of the date hereof and as if each reference in said Article IV
to "this Agreement" included reference to this Amendment No. 9 and (b) after
giving effect to the waivers set forth in Section 3 of this Amendment No. 9, no
Default shall have occurred and be continuing.

          Section 5. Conditions Precedent. The amendments set forth in Section 2
of this Amendment No. 9 shall become effective, on the date on which the
Administrative Agent shall

                                 Amendment No. 9

<PAGE>

                                       -6-

have received one or more counterparts of this Amendment No. 9 executed by each
of the Obligors, the Administrative Agent (with the written consent of each
Lender provided in the form of the Lender Consent attached as Annex 1 to this
Amendment No. 9).

          Section 6. Limited Waiver; Reservation of Rights. Except as herein
provided, the Credit Agreement shall remain unchanged and in full force and
effect; provided that, except as provided in Section 3 of this Amendment No. 9,
nothing herein shall constitute a waiver of, or any agreement to provide a
waiver of, any existing or future Default or Event of Default. Notwithstanding
anything contained herein to the contrary (except as expressly provided in
Section 3 of this Amendment No. 9), the Administrative Agent and the Lenders
reserve all of its or their rights, powers, privileges and remedies under or in
respect of the Credit Agreement and the other Credit Documents, at law, in
equity or otherwise in connection with the obligations owing by the Obligors
thereunder, and all collateral security and/or guarantees therefor, all of which
are expressly reserved. This Amendment No. 9 shall not be deemed or otherwise
construed to be a commitment or any other undertaking or expression of any
willingness to engage in any further discussion with the Borrower or any other
person, firm or corporation with respect to any waiver, amendment, modification
or any other change to the Credit Agreement or the other Credit Documents or any
rights or remedies arising in favor of the Lenders or the Administrative Agent,
or any of them, under or with respect to any such documents; or to be a waiver
of, or consent to or a modification or amendment of, any other term or condition
of any other agreement by and among the Borrower, on the one hand, and the
Administrative Agent or any Lender, on the other hand. Neither the requirements
of good faith and fair dealing nor any other theory, concept or argument shall
require any Lender to impart upon the Borrower any further or greater benefits;
to suffer any prejudice or impairment of any kind whatsoever; or to tolerate any
noncompliance with this Amendment No. 9 and the Credit Documents, because each
Lender has bargained for and given valuable consideration for this Amendment No.
9 and the Credit Documents and its creation of express, explicit and objective
limits of what benefits each Lender is willing to provide to the Borrower, and
what, in return, the Borrower is required to provide to each Lender. This
Amendment No. 9 and the Credit Documents provide a clear statement of each
Lender's requirements and obligations and creates an agreed upon standard of
performance upon which each Lender and the Administrative Agent are entitled to
rely in exercising and enforcing their respective remedies under the Credit
Agreement and the other Credit Documents.

          Section 7. Ratification of Obligations, Etc. By its execution of this
Amendment No. 9, each of the Obligors (a) ratifies and reaffirms in all respects
its obligations under the Credit Agreement and the other Credit Documents to
which it is a party, and confirms that each such agreement to which it is a
party is valid and enforceable against such Obligor and (b) agrees that there
are no oral agreements or understandings among such Obligor and the
Administrative Agent or any Lender relating to this Amendment No. 9, the Credit
Agreement or any other Credit Document.

          Section 8. Acknowledgment and Release. (a) Each of the Obligors
acknowledges that neither the Administrative Agent nor any Lender has at any
time directed or participated in any aspect of the management of the Obligors or
any of their respective Affiliates or the conduct of the businesses of the
Obligors, or any of their respective Affiliates, and the

                                 Amendment No. 9

<PAGE>

                                       -7-

Obligors, and any of their respective Affiliates, have made all of their
respective business decisions independently of the Administrative Agent or any
Lender. Notwithstanding any other provision of this Amendment No. 9 or the
Credit Agreement, or any other contract or instrument between the Obligors, or
any of their respective Affiliates, on the one hand, and the Administrative
Agent and the Lenders, or any of them, on the other hand: (i) the relationship
between the Administrative Agent or any Lender, on the one hand, and each of the
Obligors, or any of their respective Affiliates, on the other hand, shall be
limited to the relationship of a lender to a borrower in a commercial loan
transaction; (ii) neither the Administrative Agent nor any Lender is or shall be
construed as a partner, joint venturer, alter-ego, manager, controlling person
or other business associate or participant of any kind of the Obligors, or any
of their respective Affiliates (or any other Person), and neither the
Administrative Agent nor any Lender intends to assume any such status at any
time; and (iii) neither the Administrative Agent nor any Lender shall be deemed
responsible for (or a participant in) any acts, omissions or decisions of the
Obligors, or any of their respective Affiliates, or any other Lender or, in the
case of Lenders, the Administrative Agent.

          (b) Each of the Obligors further acknowledge and agree that they have
no claims, demands, damages, suits, cross complaints, counterclaims, conditions,
causes of action, debts, offsets, disgorgements or assertions of any kind or
nature whatsoever, whether known or unknown, and whenever or however arising
that can be asserted to reduce or eliminate all or any part of their respective
liability to repay all amounts owed under the Credit Documents, or to seek any
affirmative relief or damages of any kind or nature from the Administrative
Agent or Lenders, or any of them, that arises out of or relates to any Prior
Event (the "Claims"), and to the extent any such Claims exist, they are fully
and forever released as provided in paragraph (c) below. As used herein the term
"Prior Event" means any transaction, event, circumstances, action, failure to
act or occurrence of any sort or type, whether known or unknown, which occurred,
existed, was taken, permitted or begun prior to the execution of this Amendment
No. 9 or occurred, existed, was taken, permitted or begun in accordance with,
pursuant to or by virtue of any terms of this Amendment No. 9, the Credit
Agreement, the other Credit Documents, the transactions referred to herein
and/or therein, or oral or written agreement relating to any of the foregoing,
including without limitation any approval or acceptance given or denied.

          (c) Each of the Obligors, on behalf of itself, and any Person claiming
by, through, or under any of the Obligors, (each a "Releasing Party" and
collectively the "Releasing Parties") hereby releases, remises, waives and
forever discharges the Administrative Agent, the Lenders, and any or all of the
Administrative Agent's and the Lenders' respective subsidiaries, Affiliates,
directors, officers, employees, agents, attorneys, financial advisors,
representatives, successors and assigns, from any and all Claims. This Section 8
shall survive the termination of this Amendment No. 9 or any Credit Document.
Each Releasing Party has been advised by counsel with respect to the release
contained in this Section 8. Each Releasing Party hereby affirms its intent to
waive unknown claims and to waive any statutory protection available in any
applicable jurisdiction with respect thereto.

          Section 9. Miscellaneous. The Borrower shall pay all reasonable
expenses incurred by the Administrative Agent (including the reasonable fees,
charges and disbursements of Milbank, Tweed, Hadley & McCloy LLP, special New
York counsel to JPMorgan Chase

                                 Amendment No. 9

<PAGE>

                                       -8-

Bank) in connection with the preparation, negotiation, execution and delivery of
this Amendment No. 9. Except as herein provided, the Credit Agreement shall
remain unchanged and in full force and effect. This Amendment No. 9 may be
executed in any number of counterparts, all of which taken together shall
constitute one and the same amendatory instrument and any of the parties hereto
may execute this Amendment No. 9 by signing any such counterpart. This Amendment
No. 9 shall be governed by, and construed in accordance with, the law of the
State of New York.

                                 Amendment No. 9

<PAGE>

                                      -9-

        IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 9
to be duly executed by their respective authorized officers as of the day and
year first above written.

                                        CHART INDUSTRIES, INC.

                                        By  /s/ Michael F. Biehl
                                          --------------------------------------
                                          Name:  Michael F. Biehl
                                          Title: Chief Financial Officer &
                                                  Treasurer

                                Amendment No. 9

<PAGE>

                                      -10-

                              SUBSIDIARY GUARANTORS

                                        CHART HEAT EXCHANGERS LIMITED
                                         PARTNERSHIP

                                        By: CHART MANAGEMENT COMPANY, INC.,
                                            as its sole general partner

                                        By  /s/ Michael F. Biehl
                                          --------------------------------------
                                          Name:  Michael F. Biehl
                                          Title: Chief Financial Officer &
                                                  Treasurer

                                        CHART INTERNATIONAL INC.

                                        By  /s/ Michael F. Biehl
                                          --------------------------------------
                                          Name:  Michael F. Biehl
                                          Title: Chief Financial Officer &
                                                  Treasurer

                                        CHART MANAGEMENT COMPANY, INC.

                                        By  /s/ Michael F. Biehl
                                          --------------------------------------
                                          Name:  Michael F. Biehl
                                          Title: Chief Financial Officer &
                                                  Treasurer

                                        CHART LEASING, INC.

                                        By  /s/ Michael F. Biehl
                                          --------------------------------------
                                          Name:  Michael F. Biehl
                                          Title: Chief Financial Officer &
                                                  Treasurer

                                Amendment No. 9

<PAGE>

                                      -11-

                                        CHART, INC.

                                        By  /s/ Michael F. Biehl
                                          --------------------------------------
                                          Name:  Michael F. Biehl
                                          Title: Chief Financial Officer &
                                                  Treasurer

                                        CHART INTERNATIONAL HOLDINGS, INC.

                                        By  /s/ Michael F. Biehl
                                          --------------------------------------
                                          Name:  Michael F. Biehl
                                          Title: Chief Financial Officer &
                                                  Treasurer

                                        CHART ASIA, INC.

                                        By  /s/ Michael F. Biehl
                                          --------------------------------------
                                          Name:  Michael F. Biehl
                                          Title: Chief Financial Officer &
                                                  Treasurer

                                        CAIRE INC.

                                        By  /s/ Michael F. Biehl
                                          --------------------------------------
                                          Name:  Michael F. Biehl
                                          Title: Chief Financial Officer &
                                                  Treasurer

                                Amendment No. 9

<PAGE>

                                      -12-

                                        COOLTEL, INC.

                                        By  /s/ Michael F. Biehl
                                          --------------------------------------
                                          Name:  Michael F. Biehl
                                          Title: Chief Financial Officer &
                                                  Treasurer

                                        NEXGEN FUELING, INC.

                                        By  /s/ Michael F. Biehl
                                          --------------------------------------
                                          Name:  Michael F. Biehl
                                          Title: Chief Financial Officer &
                                                  Treasurer

                                        GREENVILLE TUBE, LLC

                                        By  /s/ Michael F. Biehl
                                          --------------------------------------
                                          Name:  Michael F. Biehl
                                          Title: Assistant Treasurer

                                Amendment No. 9

<PAGE>

                                      -13-

                                        JPMORGAN CHASE BANK,
                                         Individually and as Administrative
                                         Agent

                                        By  /s/ Roger A. Odell
                                          --------------------------------------
                                          Name: Roger A. Odell
                                          Title: Managing Director

                                 Amendment No. 9

<PAGE>

                                                                         ANNEX 1

                            [Form of Lender Consent]

                                 LENDER CONSENT

          Reference is made to Amendment No. 9 dated as of June 30, 2003 to the
Credit Agreement dated as of April 12, 1999, between Chart Industries, Inc.,
each Subsidiary Guarantor party thereto, each Lender party thereto and JPMorgan
Chase Bank, as Administrative Agent (the "Administrative Agent").

          The undersigned Lender party to the Credit Agreement hereby (i)
consents to Amendment No. 9 to the Credit Agreement, dated as of June 30, 2003,
substantially in the form to which the form of this Lender Consent is attached
("Amendment No. 9") and (ii) authorizes and directs the Administrative Agent to
execute and deliver Amendment No. 9 on behalf of such Lender.

          This Lender Consent shall be construed in accordance with and governed
by the law of the State of New York.

          IN WITNESS WHEREOF, the undersigned has caused this Lender Consent to
be duly executed and delivered by its proper and duly authorized officer as of
the date of Amendment No. 9.

NAME OF LENDER:

___________________________

By:__________________________
   Name:
   Title:

                                Amendment No. 9

<PAGE>

                                                                      SCHEDULE I

                                 APPROVED BUDGET

                                 [See Attached]
Amendment No. 9Settlement Agreement

 Exhibit 10.35 
  
 SETTLEMENT AGREEMENT AND RELEASE 
  
 This Settlement Agreement and Release (this “Agreement”), dated May 27, 2003, is made by and between LookSmart,
Ltd., a Delaware corporation (the “Company”), and Dianne Dubois, residing in San Francisco, California (the “Employee”). 
  
 WHEREAS, Employee is employed by the Company as Chief Financial Officer; and 
  
 WHEREAS, the Company and Employee have entered into a Confidentiality Agreement (the “Confidentiality Agreement”),
an Indemnification Agreement (the “Indemnification Agreement”), and a Secured Promissory Note (the “Secured Promissory Note”); 
  
 NOW THEREFORE, in consideration of the mutual promises made herein, the Company and Employee (collectively referred to as the “Parties”) hereby
agree as follows: 
  
 1. Consideration. 
  
 (a) The Company agrees, contingent upon Employee’s completing a smooth
Transition Period: 
  
 (i) to continue Employee’s
employment, under the existing terms except that Employee will no longer earn leave after the Transition Period, from the date hereof through the earlier of December 31, 2003, or the date Employee accepts other employment in order for Employee to
transfer her Company knowledge and responsibilities to one or more other Company employees. If Employee accepts other employment before December 31, 2003, the Company will pay Employee a lump sum equivalent to the amount of her base salary, less
normal withholding, from such date through December 31, 2003; 
  
 (ii) to reimburse Employee for any business-related use of her cellular telephone during the Transition Period; and 
  
 (iii) to provide a reference for Employee from the Chief Executive Officer. 
  
 (b) Employee agrees: 
  
 (i) to resign her title as Chief Financial Officer at the end of the Transition Period by submitting to the Company her resignation in the form attached
hereto as Attachment A; 
  
 (ii) to perform her duties as
mutually agreed in a professional and timely manner through the Transition Period, and following the Transition Period to assist with the transition of her responsibilities through the earlier of December 31, 2003, or the date Employee accepts other
employment. As used herein, “Transition Period” shall mean the period from the date hereof up to and including August 31, 2003. 

 2. Confidential Information. Employee shall continue to maintain the confidentiality of all
confidential and proprietary information of the Company and shall continue to comply with the terms and conditions of the Confidentiality Agreement between Employee and the Company. Employee shall return all the Company property and confidential and
proprietary information in her possession to the Company on the last day of her employment or such earlier time as the Company requires. 
  
 3. Release of Claims. Employee agrees that the foregoing consideration represents settlement in full of all outstanding obligations owed to
Employee by the Company as of the date hereof. Employee, on behalf of herself, and her heirs, family members, executors, successors and assigns, hereby fully and forever releases the Company and all of its past, present and future officers, agents,
directors, employees, investors, shareholders, administrators, affiliates, divisions, subsidiaries, parents, predecessor and successor corporations, successors and assigns (collectively, the “Company Released Parties”), from, and agrees
not to sue or otherwise institute or cause to be instituted any legal or administrative proceedings concerning, any loss, damage, claim, duty, obligation or cause of action relating to any matters of any kind, whether presently known or unknown,
suspected or unsuspected, that she may possess arising from any omissions, acts or facts in connection with her employment relationship with the Company that have occurred up until and including the date of this Agreement, including without
limitation: 
  
 (a) any and all claims relating to or arising from
the termination of Employee’s employment relationship with the Company; 
  
 (b) any and all claims relating to, or arising from, the granting of stock options to Employee or Employee’s actual purchase of shares of stock of the Company, including, without limitation, any claims for fraud,
misrepresentation, breach of fiduciary duty, breach of duty under applicable state corporate law, and securities fraud under any state or federal law; 
  
 (c) any and all claims for wrongful discharge of employment; termination in violation of public policy; discrimination (whether based on age, sex,
national origin or other protected status); breach of contract, both express and implied; breach of a covenant of good faith and fair dealing, both express and implied; promissory estoppel; negligent or intentional infliction of emotional distress;
negligent or intentional misrepresentation; negligent or intentional interference with contract or prospective economic advantage; unfair business practices; defamation; libel; slander; negligence; personal injury; assault; battery; invasion of
privacy; false imprisonment; or conversion; 
  
 (d) any and all
claims for violation of any federal, state or municipal statute, including, but not limited to, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Age Discrimination in Employment Act of 1967, the Americans with
Disabilities Act of 1990, the Fair Labor Standards Act, the Employee Retirement Income Security Act of 1974, The Worker Adjustment and Retraining Notification Act, the California Fair Employment and Housing Act, and Labor Code section 201, et
seq. and section 970, et seq. and all amendments to each such Act as well as the regulations issued thereunder; 
  
 (e) any and all claims for violation of the federal, or any state, constitution; 

 (f) any and all claims arising out of any other laws and regulations relating to employment or employment
discrimination; and 
  
 (g) any and all claims for attorneys’
fees and costs. 
  
 Employee agrees that the release set forth in this section
shall be and remain in effect in all respects as a complete general release as to the matters described above. This release does not extend to any obligations incurred under this Agreement.  
  
 4. Acknowledgment of Waiver of Claims under ADEA. Employee
acknowledges that she is waiving and releasing any rights she may have under the Age Discrimination in Employment Act of 1967 (the “ADEA”) and that this waiver and release is knowing and voluntary. Employee and the Company agree that this
waiver and release do not apply to any rights or claims that may arise under the ADEA after the date of this Agreement. Employee acknowledges that the consideration given for this Agreement is in addition to anything of value to which Employee was
already entitled. Employee further acknowledges and agrees that she has been advised by this writing that (a) she should consult with an attorney prior to executing this Agreement; (b) she has had at least twenty-one (21) days within which
to consider this Agreement; (c) she has seven (7) days following the execution and delivery of this Agreement by the parties to revoke the Agreement; and (d) this Agreement shall not be effective until such revocation period has expired.
Any revocation should be in writing and delivered to the General Counsel of LookSmart, Ltd., 625 Second Street, San Francisco, CA 94107, by close of business on the seventh (7th) day from the date that Employee has executed and delivered this Agreement to the Company. 
  
 5. Civil Code Section 1542. Employee represents that she is not aware of any claims against the Company other than
the claims that are released by this Agreement. Employee acknowledges and agrees that she has been (or has had the opportunity to be) advised by legal counsel and is familiar with the provisions of California Civil Code Section 1542, which provides
as follows: 
  
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS
WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR. 
  
 Employee, being aware of said code section, expressly agrees to waive any and
all rights she may have thereunder, as well as under any other statute or common law principles of similar effect. 
  
 6. Execution of Release Agreement. On the last day of her employment, Employee shall execute and deliver to the Company a release that includes the
same provisions as Sections 3, 4, 5 and 7 through 21, inclusive, hereof. Employee’s failure to reexecute the Agreement on that date shall constitute a material breach of this Agreement. 

 7. No Pending or Future Lawsuits. Employee represents that she has no lawsuits, claims or actions
pending in her name, or on behalf of any other person or entity, against the Company or any other Company Released Party. Employee also represents that she does not intend to bring any claims on her own behalf or on behalf of any other person or
entity against the Company or any other Company Released Party. 
  
 8. No Cooperation. Employee agrees she will not act in any manner that might damage the business of the Company. Employee agrees that she will not counsel or assist any attorneys or their clients in the presentation or prosecution of
any disputes, differences, grievances, claims, charges, or complaints by any third party against the Company and/or any other Company Released Party, unless under a subpoena or other court order to do so. 
  
 9. Non-Disparagement. The Company agrees to refrain from any
defamation, libel or slander of Employee. Employee agrees to refrain from any defamation, libel or slander of the Company or any other Company Released Party or tortious interference with the contracts and relationships of the Company and its
respective officers, directors, employees, investors, shareholders, administrators, affiliates, divisions, subsidiaries, predecessor and successor corporations and assigns. 
  
 10. No Admission of Liability. Employee understands and acknowledges that this Agreement constitutes a compromise and
settlement of disputed claims. No action taken by the Company or any other Company Released Party, either previously or in connection with this Agreement, shall be deemed or construed to be (a) an admission of the truth or falsity of any claims
heretofore made or (b) an acknowledgment or admission by the Company or any other Company Released Party of any fault or liability whatsoever to the Employee or to any third party. 
  
 11. Costs. The Parties shall each bear their own costs, expert fees, attorneys’ fees and other fees and expenses
incurred in connection with this Agreement. 
  
 12.
Arbitration. The Parties agree that any and all disputes arising out of or relating to the terms of this Agreement or its interpretation shall be subject to binding arbitration, to the extent permitted by law, in San Francisco, California,
before the American Arbitration Association under its National Rules for the Resolution of Employment Disputes. Employee agrees and hereby waives her right to jury trial as to matters arising out of or relating to the terms of this Agreement to
the extent permitted by law. The Parties agree that the prevailing party in any arbitration shall be entitled to enforce the arbitration award in any court of competent jurisdiction. Notwithstanding the foregoing provisions of this Section 12,
Employee or the Company may seek and obtain otherwise available injunctive relief in court for any violation of obligations concerning confidential and proprietary information that cannot be adequately remedied at law or in arbitration. 

 
 13. Authority. Employee represents and warrants that she has the
capacity to act on her own behalf and on behalf of all who might claim through him to bind them to the terms and conditions of this Agreement. 

 14. No Representations. Employee represents that she has had the opportunity to consult with an
attorney, and has carefully read and understands the scope and effect of the provisions of this Agreement. Neither party has relied upon any representations or statements made by the other party hereto which are not specifically set forth in this
Agreement. 
  
 15. Severability. In the event that any
provision hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision. 
  
 16. Entire Agreement. This Agreement, the Confidentiality Agreement,
the Indemnification Agreement, and the Secured Promissory Note represent the entire agreement and understanding between the Company and Employee concerning Employee’s separation from the Company, and supersede and replace any and all prior
agreements and understandings concerning Employee’s employment relationship with the Company and her compensation by the Company. 
  
 17. No Oral Modification. This Agreement may only be amended in writing signed by Employee and an authorized officer of the Company. 
  
 18. Governing Law. This Agreement shall be governed by the internal
substantive laws, but not the choice of law rules, of the State of California. 
  
 19. Effective Date. This Agreement is effective eight (8) days after it has been signed by both Parties. 
  
 20. Counterparts. This Agreement may be executed in counterparts, and each counterpart shall have the same force and effect as an original and
shall constitute an effective, binding agreement on the part of each of the undersigned. 
  
 21. Voluntary Execution of Agreement. This Agreement is executed voluntarily and without any duress or undue influence on the part or behalf of the Parties hereto, with the full intent of releasing all claims.
The Parties acknowledge that: 
  
 (a) They have read this
Agreement; 
  
 (b) They have been represented in the preparation,
negotiation, and execution of this Agreement by legal counsel of their own choice or that they have voluntarily declined to seek such counsel; 
  
 (c) They understand the terms and consequences of this Agreement and of the releases it contains; and 

 (d) They are fully aware of the legal and binding effect of this Agreement. 
  
 IN WITNESS WHEREOF, the Parties have executed this Agreement on the date
first set forth above. 
  

	LOOKSMART, LTD.
		
	 By:
	 	 /s/    JASON KELLERMAN

	 	 	Chief Executive Officer

  

	 
		
	 	 	 /s/    DIANNE DUBOIS

	 	 	Dianne Dubois

 Attachment A 
  
 Date: August 31, 2003 
  
 To: LookSmart, Ltd. 
  
 Please be advised that, effective immediately, I hereby resign my title of Chief Financial Officer with LookSmart, Ltd. 
  
 Very truly yours, 
  
  
  
 Dianne Dubois

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