Document:

Transfer Agent and Registrar Agreement

    

      Exhibit
        10.1 -
        Transfer Agent and Registrar Agreement

      

      EMPIRE

      STOCK
        TRANSFER

       

      

      TRANSFER
        AGENT AND REGISTRAR AGREEMENT

      

      THIS
        AGREEMENT
        is made
        and entered into on June 20, 2007.

      

      BETWEEN: Empire
        Stock Transfer Inc., a
        body
        corporate duly incorporated under the laws of the State of Nevada and having
        an
        office situated at 2470 St. Rose Parkway, Henderson, NV 89074 (the “Transfer
        Agent”)

      

      AND:   Portage
        Resources Inc.    

          Name
        of the
        Company

      

      Nevada        

          State
        of
        Incorporation

      

          990
        Richard Street ,St. Wenceslas, Quebec, Canada, G0Z 1J0  

          Address
        of
        Company

      

      In
        consideration of the mutual premises, covenants and agreements contained
        herein,
        the parties agree as follows:

      

      
        	
                1.

              	
                The
                  Company hereby appoints Transfer Agent as the sole Transfer Agent
                  and
                  Registrar for the Company’s capital
                  stock.

              

      

      

      
        	
                2.

              	
                The
                  Company warrants and represents to the Transfer Agent that the
                  Company has
                  full power and absolute capacity to enter into this Agreement and
                  that the
                  terms of this Agreement have been authorized by all necessary corporate
                  acts and deeds in order to give effect to the terms hereof, including
                  the
                  execution of this Agreement by the authorized signatory indicated
                  below.

              

      

      

      
        	
                3.

              	
                The
                  Company agrees to provide the Transfer Agent with a current, accurate
                  and
                  complete shareholder list, inclusive of shareholder names, addresses,
                  applicable social security numbers, number of shares, date of issue
                  and
                  the certificate numbers by which these shares are represented.
                  The Company
                  also covenants to notify the Transfer Agent of material changes
                  in its
                  affairs that my affect the Transfer Agent’s provision of services
                  hereunder including, without limitation, a change in directors,
                  officers,
                  management and/or affiliates of the Company; alternation of the
                  Company’s
                  capitalization by way of forward or reverse split, a change of
                  Company
                  name, or a change of Company address. The Company agrees to indemnify
                  and
                  hold harmless the Transfer Agent for any errors or omissions made
                  on the
                  part of the Company or its previous transfer agent with respect
                  to
                  information provided, or a failure to provide information, to the
                  Transfer
                  Agent.

              

      

      

      
        	
                4.

              	
                The
                  Transfer Agent agrees to maintain the Company’s shareholder record in
                  accordance with accepted standards and agrees to process and register
                  the
                  Company’s transfers. The 

              

      

      

      Transfer
        Agent agrees to make available these records in the form of a shareholders
        list
        upon written request by an authorized officer or agent of the Company. Where
        there is a dispute between the Company and a third party regarding the issuance
        or cancellation of any securities in the Company’s capital stock, the Transfer
        Agent shall have the right to require the Company to provide the Transfer
        Agent
        with a legal opinion or Court order with respect to the securities in issue
        prior to acting upon any instructions

       

       

      
        
           

        

        
          -1-

          
            

          

        

        
           

        

      

       

      
 

      
        	
                5.

              	
                The
                  Company agrees to pay the transfer agent an initial fee of $1,000,
                  which
                  includes a $500 file setup fee and first year’s annual maintenance fee, as
                  well as a $500 credit for future use toward Company transfers.
                  Thereafter,
                  the Company agrees to pay the transfer agent an annual fee of $500
                  in
                  compensation for the time and expense necessary to maintain the
                  books and
                  records of the Company as well as answering any inquiries from
                  shareholders, brokers and clearing agents that may arise from performing
                  this duty. This annual fee will be due on the first day of the
                  month as
                  inserted in this agreement and is subject to annual review. Other
                  fees may
                  include, without limitation, transfers borne by the Company, shareholder
                  lists, mailing labels, distributions and proxy tabulation. In addition,
                  the Company agrees to pay all expenses incurred by the result of
                  a lawsuit
                  or government investigation including all legal and professional
                  fees,
                  travel expenses, copying of documents, and postage or courier fees.
                  The
                  Company agrees that it shall compensate the Transfer Agent at a
                  rate of
                  $50 per hour in circumstances where the Transfer Agent is required
                  to
                  expend its employees’ time in order to comply with regulatory body or
                  court orders regarding the Company’s securities or where an employee is
                  required to attend court as a witness in respect of any matters
                  relating
                  to the Company’s securities.

              

      

      

      
        	
                6.

              	
                The
                  Transfer Agent shall not be under any obligation to prosecute or
                  defend
                  any action or suit in respect of the Company unless the Company
                  shall, so
                  often as required, furnish the Transfer Agent with satisfactory
                  indemnity
                  and funding against such expenses or
                  liabilities.

              

      

      

      
        	
                7.

              	
                This
                  agreement may be terminated upon the delivery of written notice
                  by one
                  party to the other at least fourteen (14) days prior to the effective
                  date
                  of termination. Upon termination, the Company agrees to pay all
                  outstanding fees owed to the Transfer Agent. The Transfer Agent
                  shall have
                  the authority to hold the books and records of the Company until
                  it has
                  received such payment.

              

      

      

      IN
        WITNESS WHEREOF the parties hereto have hereunto affixed their respective
        hands
        and seals or corporate seals, as the case may be, both as of the day and
        year
        first written above.

      

      PORTAGE
        RESOURCES INC .                                      EMPIRE
        STOCK TRANSFER INC.

      Name
        of
        Company

      

      MARTINE
        CARON                                PATRICK
        MOKROS   

      Signature                                      Signature

      

      

      Chief
        Executive Officer                             President   

              Title                               Title

      

      

      

      
        
           

        

        
          -2-

          
            

          

        

        
           

        

      

      

       

      EMPIRE
        STOCK TRANSFER INC.   TRANSFER
        AGENT AND REGISTRAR AGREEMENTLetter of Amendment

EXHIBIT 10.1

July 16, 2007

The Dixie Group, Inc.

2208 South Hamilton Street

Dalton, Georgia 30721

Attention: President

Re:

Bank of America, N.A., as Agent -- The Dixie Group, Inc.

Ladies and Gentlemen:

Reference is hereby made to that certain Amended and Restated Loan and Security Agreement dated April 14, 2004, as amended by that certain First Amendment to Amended and Restated Loan and Security Agreement dated November 10, 2004, that certain Second Amendment to Amended and Restated Loan and Security Agreement dated July 27, 2005, that certain Third Amendment to Amended and Restated Loan and Security Agreement dated May 3, 2006, and that certain Fourth Amendment to Amended and Restated Loan and Security Agreement dated October 25, 2006 (as at any time amended, restated, modified or supplemented, the "Loan Agreement"), between The Dixie Group, Inc., a Tennessee corporation ("Borrower"); each of the subsidiaries of Borrower as guarantors ("Guarantors"); Bank of America, N.A., a national bank ("Agent"), in its capacity as collateral and administrative agent for the Lenders (as defined in the Loan Agreement); and Lenders.  Capitalized terms used herein, unless otherwise defined herein, shall have the meaning ascribed to such terms in the Loan Agreement.  

The parties desire to amend the Loan Agreement as hereinafter set forth.

NOW, THEREFORE, for and in consideration of Ten Dollars ($10.00) in hand paid and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

1.

Amendment to Loan Agreement.  The Loan Agreement is hereby amended as follows:

By deleting the reference to "$10,000,000" contained in the definition of "Permitted Purchase Money Debt" set forth in Appendix A to the Loan Agreement and by substituting a reference to "$20,000,000."

2.

Acknowledgements and Stipulations; Representation and Warranties. By its signature below, each Obligor (a) acknowledges and stipulates that (i) the Loan Agreement and the other Loan Documents executed by such Obligor are legal, valid and binding obligations of such Obligor that are enforceable against such Obligor in accordance with the terms thereof, (ii) all of the Obligations are owing and payable without defense, offset or counterclaim (and to the extent there exists any such defense, offset or counterclaim on the date hereof, the same is  

July 16, 2007

Page 2

________________________

(ii) all of the Obligations are owing and payable without defense, offset or counterclaim (and to the extent there exists any such defense, offset or counterclaim on the date hereof, the same is hereby waived by such Obligor) and (iii) the security interests and liens granted by such Obligor in favor of Agent, for the benefit of itself and Lenders, are duly perfected, first priority security interests and Liens; and (b) represents and warrants to Agent and Lenders, to induce each of Agent and Lenders to enter into this letter agreement, that (i) the execution, delivery and performance of this letter agreement has been duly authorized by all requisite company action on the part of such Obligor, and (ii) all of the representations and warranties made by such Obligor in the Loan Agreement and the other Loan Documents are true and correct on and as of the date hereof.

3.

No Novation.  Except as otherwise expressly provided in this letter agreement, nothing herein shall be deemed to amend or modify any provision of the Loan Agreement or any of the other Loan Documents, each of which shall remain in full force and effect.  This letter agreement is not intended to be, nor shall it be construed to create, a novation or accord and satisfaction, and the Loan Agreement as herein modified shall continue in full force and effect.

4.

Miscellaneous.  This letter agreement shall be governed by and construed in accordance with the internal laws of the State of Georgia.  This letter agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.  The parties acknowledge that this letter agreement may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when so executed, shall be deemed to be an original, but all such counterparts shall constitute one and the same agreement.  Any signature delivered by a party by facsimile or portable document file by electronic mail transmission shall be deemed to be an original signature hereto.

Please confirm your agreement with all of the foregoing by signing in the space provided below and return a copy of this letter to us.

[Remainder of page intentionally left blank;

signatures begin on following page]

July 16, 2007

Page 3

________________________

		
	 
	Very truly yours,

BANK OF AMERICA, N.A.,

as Agent and sole Lender

By: /s/ James C. Wells                       

Name: 

James C. Wells                       

Title: Vice President

ACKNOWLEDGED AND AGREED:

	
	THE DIXIE GROUP, INC.  ("Borrower")

By: /s/ Gary A. Harmon                     

Name: 

Gary A. Harmon

Title: Vice President & CFO

	 

	FABRICA INTERNATIONAL, INC.,

formerly known as Fabrica International

("Guarantor") 

By: /s/ Gary A. Harmon                     

Name: 

Gary A. Harmon

Title: Vice President

	 

	BRETLIN, INC. ("Guarantor")

By: /s/ Gary A. Harmon                     

Name: 

Gary A. Harmon

Title:  President 

	 

	CANDLEWICK YARNS, INC.

("Guarantor")

By: /s/ Gary A. Harmon                     

Name: 

Gary A. Harmon

Title: President 

[Signatures continued on following page]

July 16, 2007

Page 4

________________________

	
	DIXIE GROUP LOGISTICS, INC.

("Guarantor")

By: /s/ Gary A. Harmon                     

Name: 

Gary A. Harmon

Title: President

	 

	MASLAND CARPETS, LLC

("Guarantor")

By: /s/ Gary A. Harmon                     

Name: 

Gary A. Harmon

Title: Chief Manager

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