CAVCO INDUSTRIES INC
EX-10.1
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<TYPE>EX-10.1
<SEQUENCE>2
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<DESCRIPTION>EX-10.1
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<P align="right" style="font-size: 10pt"><B>Exhibit&nbsp;10.1</B>



<P align="left" style="font-size: 10pt"><IMG src="p69757p6975701.gif" alt="(BANK1ONE LOGO)">



<P align="right" style="font-size: 10pt"><B>Amendment to Credit Agreement</B>


<P align="left" style="font-size: 10pt">This agreement is dated as of October&nbsp;22, 2004, by and between Cavco
Industries, Inc. (the &#147;Borrower&#148;) and Bank One, NA, with its main office in
Chicago, IL (the &#147;Bank&#148;), and its successors and assigns. The provisions of
this agreement are effective on the date that this agreement has been executed
by all of the signers and delivered to the Bank (the &#147;Effective Date&#148;).


<P align="left" style="font-size: 10pt"><B>WHEREAS</B>, the Borrower and the Bank entered into a credit agreement dated
September&nbsp;17, 2003, as amended (if applicable) (the &#147;Credit Agreement&#148;); and


<P align="left" style="font-size: 10pt"><B>WHEREAS</B>, the Borrower has requested and the Bank has agreed to amend the
Credit Agreement as set forth below;


<P align="left" style="font-size: 10pt"><B>NOW, THEREFORE</B>, in mutual consideration of the agreements contained herein and
for other good and valuable consideration, the parties agree as follows:



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>DEFINED TERMS</B>. Capitalized terms not defined herein shall have the
meaning ascribed in the Credit Agreement.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>MODIFICATION OF CREDIT AGREEMENT</B>. The Credit Agreement is hereby amended
as follows:</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="right"><B>2.1</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>From and after the Effective Date, the provision in the Credit
Agreement captioned <B>Financial Reports A. </B>is hereby amended as
follows: the portion of the provision now reading &#147;Within thirty (30)
days after the end of each calendar month in which as of the last day
of such month, there is an outstanding advance under Facility A&#148; is
hereby
replaced with the following:</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Within thirty (30)&nbsp;days after the end of each calendar month in
which there was an outstanding advance of principal or an
outstanding letter of credit under Facility A on the last day of
such month in the amount of $5,000,000.00 or greater,</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="right"><B>2.2</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>From and after the Effective Date, the provision in the Credit
Agreement captioned <B>Financial Reports B. </B>is hereby amended and
restated as follows:</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>B.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A borrowing base certificate, in form and detail satisfactory to
the Bank, along with such supporting documentation as the Bank may
request, at the following times: (A)&nbsp;within thirty (30)&nbsp;days after
and as of the end of each calendar month in which there was an
outstanding advance of principal or an outstanding letter of credit
under Facility A on the last day of such month in the amount of
$5,000,000.00 or greater, and (B)&nbsp;if no borrowing base certificate
has been provided or is otherwise due as of the end of the
immediately preceding month, with any request of an advance under
the Credit Facilities or for the issuance of a letter of credit.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="right"><B>2.3</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>From and after the Effective Date, the provision in the Credit
Agreement captioned <B>Financial Reports C. </B>is hereby amended and
restated as follows:</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>C.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Via either the EDGAR System or its Home Page, within ninety (90)
days after the filing of its Annual Report on Form 10-K for the
fiscal year then ended with the Securities Exchange Commission, the
financial statements for such fiscal year as contained in such
Annual Report on Form 10-K and, as soon as it shall become
available, the annual report to shareholders of the Borrower for the
fiscal year then ended.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="right"><B>2.4</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>From and after the Effective Date, the provision in the Credit
Agreement captioned <B>Financial Reports D. </B>is hereby amended and
restated as follows:</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>D.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For each fiscal quarter other than the last fiscal quarter of
each fiscal year, via either the EDGAR System or its Home Page,
within forty-five (45)&nbsp;days after the timely filing of its Quarterly
Report on Form</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>10-Q for the fiscal quarter then ended with the Securities Exchange
Commission, copies of financial statements for such fiscal quarter
as contained in such Quarterly Report on Form 10-Q.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="right"><B>2.5</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>From and after the Effective Date, the provision in the Credit
Agreement captioned <B>Financial Reports E. </B>is hereby amended as
follows: the portion of the provision now reading &#147;Via either the
EDGAR System or its Home Page, promptly after the same become
publicly available,&#148; is hereby replaced with the following:</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Via either the EDGAR System or its Home Page, within forty-five (45)
days after the same become publicly available,</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="right"><B>2.6</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>From and after the Effective Date, the following provision is
hereby added to the Credit Agreement to section <B>5. Negative
Covenants </B>as <B>5.2 M</B>:</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>M.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Fixed Charge Coverage Ratio. </B>Permit as of each fiscal quarter
end, its ratio of net income before taxes, plus amortization,
depreciation, interest expense, rent and operating lease payments
minus any Distributions and Capital Expenditures, for the twelve
month period then ending, to prior period current maturities of long
term debt and capital leases, interest expense, taxes, rent and
operating lease payments for the same such period, to be less than
1.50 to 1.00.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="right"><B>2.7</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>From and after the Effective Date, the following provisions are
hereby deleted in their entirety from the Credit Agreement: <B>5.2 A.
Dividends; 5.2 K. Capital Expenditures; </B>and <B>5.2 L. Debt Service
Coverage Ratio.</B></TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="right"><B>2.8</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>From and after the Effective Date, the following is hereby added to the Credit Agreement:</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" nowrap align="right"><B>5.3</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Without the Bank&#146;s consent, the Borrower may:</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" nowrap align="right"><B>A.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Acquisitions. </B>Purchase or acquire any securities, limited
liability company interest or partnership
interest (or warrants or other options or rights to acquire
the same) of, or make any loans or advances to, any person,
firm, limited liability company, partnership or corporation,
except for a purchase, acquisition, loan or advance, where (i)
the Borrower has provided to the Bank pro forma statements
demonstrating to the Bank that such purchase, acquisition,
loan or advance will not result in the Borrower being out of
compliance with any financial or other covenant contained
herein, (ii)&nbsp;such purchase, acquisition, loan or advance does
not exceed $5,000,000.00, and (iii)&nbsp;such purchase,
acquisition, loan or advance and all other such purchases,
acquisitions, loans and advances do not exceed $7,500,000.00
in the aggregate for the then current fiscal year.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>3.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>RATIFICATION</B>. The Borrower ratifies and reaffirms the Credit Agreement
and the Credit Agreement shall remain in full force and effect as modified
herein.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>4.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>BORROWER REPRESENTATIONS AND WARRANTIES</B>. The Borrower represents and
warrants that (a)&nbsp;the
representations and warranties contained in the Credit Agreement are true
and correct in all material respects as of the date of this agreement, (b)
no condition, act or event which could constitute an event of default
under the Credit Agreement or any promissory note or credit facility
executed in reference to the Credit Agreement exists, and (c)&nbsp;no
condition, event, act or omission has occurred, which, with the giving of
notice or passage of time, would constitute an event of default under the
Credit Agreement or any promissory note or credit facility executed in
reference to the Credit Agreement.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>5.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>FEES AND EXPENSES</B>. The Borrower agrees to pay all fees and out-of-pocket
disbursements incurred by the Bank in connection with this agreement,
including legal fees incurred by the Bank in the preparation,
consummation, administration and enforcement of this agreement.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>6.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>EXECUTION AND DELIVERY</B>. This agreement shall become effective only after
it is fully executed by the Borrower and the Bank, and the Bank shall have
received from the Borrower the following documents: Note Modification
Agreement.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">2
</DIV>

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<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>7.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>ACKNOWLEDGEMENTS OF BORROWER. </B>The Borrower acknowledges that as of the
date of this agreement it has no offsets with respect to all amounts owed
by the Borrower to the Bank arising under or related to the Credit
Agreement on or prior to the date of this agreement. The Borrower fully,
finally and forever releases and discharges the Bank and its successors,
assigns, directors, officers, employees, agents and representatives from
any and all claims, causes of action, debts and liabilities, of whatever
kind or nature, in law or in equity, of the Borrower, whether now known or
unknown to the Borrower, which may have arisen in connection with the
Credit Agreement or the actions or omissions of the Bank related to the
Credit Agreement on or prior to the date hereof. The Borrower acknowledges
and agrees that this agreement is limited to the terms outlined above, and
shall not be construed as an agreement to change any other terms or
provisions of the Credit Agreement. This agreement shall not establish a
course of dealing or be construed as evidence of any willingness on the
Bank&#146;s part to grant other or future agreements, should any be requested.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>8.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>NOT A NOVATION</B>. This agreement is a modification only and not a novation.
Except for the above-quoted
modification(s), the Credit Agreement, any loan agreements, credit
agreements, reimbursement agreements, security
agreements, mortgages, deeds of trust, pledge agreements, assignments,
guaranties, instruments or documents executed in connection with the
Credit Agreement, and all the terms and conditions thereof, shall be and
remain in full force and effect with the changes herein deemed to be
incorporated therein. This agreement is to be considered attached to the
Credit Agreement and made a part thereof. This agreement shall not release
or affect the liability of any guarantor of any promissory note or credit
facility executed in reference to the Credit Agreement or release any
owner of collateral granted as security for the Credit Agreement. The
validity, priority and enforceability of the Credit Agreement shall not be
impaired hereby. To the extent that any provision of this agreement
conflicts with any term or condition set forth in the Credit Agreement, or
any document executed in conjunction therewith, the provisions of this
agreement shall supersede and control. The Bank expressly reserves all
rights against all parties to the Credit Agreement.</TD>
</TR>

</TABLE>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
</TR>

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<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left"><B>Borrower:</B></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left">Cavco Industries, Inc.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">/s/ Sean K. Nolen</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sean K. Nolen
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">V.P. &#038; CFO</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Printed Name
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left">Date Signed: October&nbsp;22, 2004</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left"><B>Bank:</B></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left">Bank One, NA, with its main office in Chicago, IL</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">/s/ Sanat B. Patel</TD>
</TR>


<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sanat B. Patel
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Printed Name
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Date Signed: October&nbsp;22, 2004</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

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<P align="left" style="font-size: 10pt">Christy Murphy AZ000001011857172<BR>
Non-Standard



<P align="center" style="font-size: 10pt">3
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