CPI CORP
CPI CORP. PERFORMANCE PLAN
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<TYPE>EX-10.89
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<FILENAME>d63459_ex10-89.htm
<DESCRIPTION>CPI CORP. PERFORMANCE PLAN
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2>(PAGE NUMBERS REFER TO PAPER DOCUMENT ONLY)</FONT></P>
<P align=left><FONT face="Times New Roman, Times, Serif" size=2>EXHIBIT 10.89</FONT></P>
<P align=right><FONT face="Times New Roman, Times, Serif" size=2><B><U>EXECUTION VERSION</U></B></FONT></P>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>LETTER AMENDMENT NO. 1<br>
</B></FONT><FONT face="Times New Roman, Times, Serif" size=2><B>to Note Purchase Agreements</B></FONT></P>
<P align=right><FONT face="Times New Roman, Times, Serif" size=2>April 15, 2005</FONT></P>
<P align=justify><FONT face="Times New Roman, Times, Serif" size=2>The Prudential Insurance Company of America<br>
</FONT><FONT face="Times New Roman, Times, Serif" size=2>c/o Prudential Capital Group<br>
</FONT><FONT face="Times New Roman, Times, Serif" size=2>2200 Ross Avenue, Suite 4200E <br>
</FONT><FONT face="Times New Roman, Times, Serif" size=2>Dallas, Texas 75201</FONT></P>
<P align=justify><FONT face="Times New Roman, Times, Serif" size=2>The Guardian Life Insurance Company of America <br>
</FONT><FONT face="Times New Roman, Times, Serif" size=2>7 Hanover Square<br>
</FONT><FONT face="Times New Roman, Times, Serif" size=2>New York, New York&nbsp; 10004-2616</FONT></P>
<P align=justify><FONT face="Times New Roman, Times, Serif" size=2>Ladies and Gentlemen:</FONT></P>
<P align=justify><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
refer to the Note Purchase Agreements, each dated as of June 16, 1997 (the &#147;<B>Agreements</B>&#148;), among the undersigned, CPI Corp., a Delaware corporation (the &#148;<B>Company</B><B></B>&#148;), and each of you, respectively. Unless otherwise defined in this Letter Amendment No. 1 to
Note Purchase Agreements (this &#148;<B>Amendment</B><B></B>&#148;), the terms defined in the Agreements, as amended hereby, shall be used herein as therein defined.</FONT></P>
<P align=justify><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has requested and, subject to the terms and conditions specified herein, the undersigned
holders of the Notes are willing to make, certain amendments to the Agreements, all as more particularly
set forth herein.</FONT></P>
<P align=justify><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>1.<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <B>Amendments to the Agreements</B>. Subject to the accuracy of the representations and warranties set forth in paragraph 2 hereof and
satisfaction of the conditions set forth in paragraph 3(c) hereof, the undersigned holders of the
Notes hereby agree with the Company to amend, effective as of the date first above written, each
of the Agreements as follows:</FONT></P></TD></TR>
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<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(a)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B>Section 7. Information as to Company</B>. </FONT></TD>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(I)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Clause (a) of Section 7.1 is amended by deleting such clause (a) in its entirety and replacing it
  with the following:</FONT></div></TD></TR>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>&#147;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Monthly and Quarterly Statements</U> &#150; within 45 days after the end of each monthly fiscal period, and within 45 days after the end of
  each quarterly fiscal period, in each case in each fiscal year of the Company (other than the last
  monthly and quarterly fiscal periods of each such fiscal year) duplicate copies of,</FONT></div></TD></TR>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
  consolidated balance sheet of the Company and its Subsidiaries as at the end of such month or quarter,
  as applicable, and</FONT></div></TD></TR></TABLE>
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2>1</FONT></P></TD></TR></TABLE>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;consolidated
  statements of earnings and cash flows and changes in stockholders&#146; equity of the Company and
  its Subsidiaries, for such month or for such quarter, as applicable, and (in the case of each month
  other than the first month and in the case of the second and third quarters) for the portion of the
  fiscal year ending with such month or quarter, as applicable,</FONT></div></TD></TR>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>setting forth in each case in comparative form the consolidated figures for the corresponding periods
  in the previous fiscal year, all in reasonable detail, prepared (in the case of such quarterly statements)
  in accordance with GAAP applicable to quarterly financial statements generally, and certified by
  a Senior Financial Officer as fairly presenting, in all material respects, the financial position
  of the companies being reported on and their results of operations and cash flows, subject to changes
  resulting from year-end adjustments, <U>provided</U> that delivery of such quarterly statements within the time period specified above of copies of the
  Company&#146;s Quarterly Report on Form 10-Q prepared in compliance with the requirements therefor
  and filed with the Securities and Exchange Commission shall be deemed to satisfy the requirements
  of this Section 7.1(a) with respect to such quarterly statements;&#148;</FONT></div></TD></TR>
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<TD colspan="2" vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(II)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Clause (b) of Section 7.1 is amended by replacing &#147;105&#148; with &#147;90&#148; in the first
    line thereof.</FONT></div></TD>
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<TD colspan="2" vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(III)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Section 7.1 is further amended by relabeling existing clause (g) thereof as clause (i) and adding
    new clauses (g) and (h) immediately prior thereto, such new clauses (g) and (h) to read as follows:</FONT></div></TD>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>&#147;(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;promptly, but in no event later than
  three Business Days after becoming aware of any of the following, written notice describing the same
  and the steps being taken by the Company or any affected Subsidiary with respect thereto:</FONT></div></TD></TR>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any litigation, arbitration
  or governmental investigation or proceeding not previously disclosed by the Company to the holders
  of Notes which has been instituted or, to the knowledge of the Company, is threatened against the
  Company or any Subsidiary or to which any of the properties of any thereof is subject which might
  reasonably be expected to have a Material Adverse Effect;</FONT></div></TD></TR>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any event which might reasonably
  be expected to have a Material Adverse Effect; and</FONT></div></TD></TR>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any material default or any termination,
or notice (written or oral) thereof, under any of the Sears Agreements;</FONT></div></TD></TR></TABLE>
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2>2</FONT></P></TD></TR></TABLE>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;concurrently with the delivery
  thereof to the Bank Agent or any Bank Lender, copies of all documents, reports or other deliverables
  furnished to the Bank Agent or any Bank Lender pursuant to any of Sections 10.1.6, 10.1.7, 10.1.9
  and 10.1.10 of the Bank Agreement; and&#148;</FONT></div></TD></TR>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(IV)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> Clause (a) of Section 7.2 is amended by replacing &#147;Sections 10.1 through 10.6&#148; therein with
&#147;Sections 10.1 through 10.15&#148;. </FONT></div></TD></TR>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(V)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> Section 7.3 is amended by deleting such Section 7.3 in its entirety and replacing it with the following:
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<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&#147;<B>7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Books, Records and Inspections.</B></FONT></TD></TR>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
  Company will and will cause each of its Subsidiaries to (a)&nbsp;keep its books and records in accordance
  with sound business practices sufficient to allow the preparation of financial statements in accordance
  with GAAP, (b)&nbsp;permit any holder of Notes or any representative thereof to inspect the properties
  and operations of the Company and the Subsidiaries and (c)&nbsp;permit at any reasonable time and
  with reasonable notice (or at any time without notice if an Event of Default exists), any holder
  of Notes or any representative thereof to visit any or all of its offices, to discuss its financial
  matters with its officers and its independent auditors (and the Company hereby authorizes such independent
  auditors to discuss such financial matters with any holder of Notes or any representative thereof),
  and to examine (and, at the expense of the Company, photocopy extracts from) any of its books or
  other records. All such inspections or examinations by the holders of Notes shall be at the Company&#146;s
  expense; <U>provided</U> that so long as no Default or Event of Default exists, the Company shall not be required to reimburse
  the holders of Notes for inspections or examinations more frequently than once each Fiscal Year.</FONT></div></TD></TR>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(b)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B>Section 8.7. Prepayment Relating to Disposition Payment</B>. Section 8.7 is amended by deleting such Section in its entirety and replacing it with the following:</FONT></div></TD></TR>
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<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&#147;<B>8.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepayment Relating to Asset Dispositions.</B></FONT></TD>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Concurrently
  with the receipt by the Company or any Subsidiary of any Net Cash Proceeds from any Asset Disposition,
  the Company shall make a prepayment of the Notes, in a proportional amount equal to the proportional
  amount the Designated Proceeds (as defined below) represent to the aggregate principal amount of
  the Notes and all Bank Debt at the time outstanding.</FONT></div></TD></TR>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
  purposes of this Section 8.7, &#147;<B>Designated Proceeds</B>&#148; means 100% of the Net Cash Proceeds received by the Company and its Subsidiaries from any Asset
  Disposition (it being understood that this </FONT></div></TD></TR></TABLE>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>Section 8.7 shall not apply to proceeds of Dispositions not constituting &#147;Asset Dispositions&#148;).</FONT></div></TD></TR>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
  prepayment of Notes pursuant to this Section 8.7 shall be at the principal amount thereof, together
  with interest accrued thereon to the date of such prepayment, plus the Make-Whole Amount determined
  for the prepayment date with respect to such principal amount.</FONT></div></TD></TR>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
  prepayment of Notes pursuant to this Section 8.7 shall be made in the same manner (as to notice and
  all other provisions) as a prepayment made under Section 8.2, provided that the holder of any Note
  so to be prepaid may, by notice given to the Company at least two Business Days prior to the prepayment
  date, elect that the Notes of such holder to be prepaid (or any portion thereof) shall not be prepaid,
  and the Company shall not prepay the Notes of such holder. Any notice of prepayment given under this
  Section 8.7 shall clearly and prominently make reference to the provisions of this Section 8.7 permitting
  the holders of Notes to elect that their respective Notes not be prepaid.&#148;</FONT></div></TD></TR>
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<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(c)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B></B><B>Section 9. Affirmative Covenants</B>.</FONT></TD>
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<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(I)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> Section 9.5 is amended by replacing &#147;Sections 10.5 and 10.6&#148; therein with &#147;Section
  10.5&#148;.</FONT></div></TD></TR>
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<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(II)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> Section 9 is further amended by inserting the following new Section 9.7 at the end thereof:</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&#147;<B>9.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Further Assurances.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
  Company will and will cause each of its Subsidiaries to take such actions as are necessary or as
  the Required Holders may reasonably request from time to time to ensure that the Guaranteed Obligations
  (as defined in the Guaranty Agreement) are guarantied by each domestic Subsidiary (including, upon
  the acquisition or creation thereof, any Subsidiary acquired or created after the Closing), other
  than the Dormant Entities, in each case as the Required Holders may determine.&#148;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=48>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(d)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B></B><B>Section 10. Negative Covenants</B>. Section&nbsp;10&nbsp;of the Agreement is amended by deleting such Section 10 in its entirety and
  replacing it with the following:</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&#147;<B>10. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NEGATIVE COVENANTS.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
  Company covenants that so long as any of the Notes are outstanding, it will:</FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>4</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not,
  and will not permit any Subsidiary to, create, incur, assume or suffer to exist any Debt, except:</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;obligations under this Agreement
  and the other Note Documents;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt secured by Liens permitted
  by Section 10.2(d), and extensions, renewals and refinancings thereof; <U>provided</U> that the aggregate amount of all such Debt at any time outstanding shall not exceed $2,500,000, <U>provided</U> that the foregoing limit shall not include the Sale Leaseback if the Sale Leaseback is consummated
  in an arm&#146;s-length manner on market terms and conditions;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt of the Company to any domestic
  Wholly-Owned Subsidiary or Debt of any domestic Wholly-Owned Subsidiary to the Company or another
  domestic Wholly-Owned Subsidiary; <U>provided</U> that, upon the reasonable request of the Required Holders, such Debt shall be evidenced by a demand
  note in form and substance reasonably satisfactory to the Required Holders and the obligations under
  such demand note shall be subordinated to the obligations of the Company hereunder in a manner reasonably
  satisfactory to the Required Holders;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt (excluding the Bank Debt)
  described on <U>Schedule 10.1(d)</U> attached hereto, and any extension, renewal or refinancing thereof so long as the principal amount
  thereof is not increased in excess of the amount set forth on such <U>Schedule 10.1(d)</U>;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Debt to be Repaid (so long
  as such Debt is repaid on the Amendment No. 1 Effective Date with the proceeds of the initial loans
  under the Bank Agreement);</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contingent Liabilities arising
  with respect to customary indemnification obligations in favor of purchasers in connection with dispositions
  permitted under Section 10.5;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Bank Debt, so long as each
  mandatory payment of principal and interest thereunder is timely made in accordance with the terms
  of the Bank Debt Documents;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contingent Liabilities listed
  on <U>Schedule 10.1(d)</U>;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guaranties by the Company
  and/or its Subsidiaries in respect of Debt of the Company or its domestic Subsidiaries permitted
  by this Section 10.1;</FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>5</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hedging Obligations incurred
  in favor of the Bank Agent, any Bank Lender or any of their Affiliates for bona fide hedging purposes
  and not for speculation;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt owing to any trust created
  under a supplemental executive retirement program of the Company; and</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt of the Company owing
  to any Canadian Entity so long as such Canadian Entity remains a Wholly-Owned Subsidiary.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liens.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not,
  and will not permit any Subsidiary to, create or permit to exist any Lien on any of its real or personal
  properties, assets or rights of whatsoever nature (whether now owned or hereafter acquired), except:</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens for taxes or other governmental
  charges not at the time delinquent or thereafter payable without penalty or being contested in good
  faith by appropriate proceedings and, in each case, for which it maintains adequate reserves;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens arising in the ordinary
  course of business (such as (i)&nbsp;Liens of carriers, warehousemen, mechanics and materialmen and
  other similar Liens imposed by law and (ii)&nbsp;Liens in the form of deposits or pledges incurred
  in connection with worker&#146;s compensation, unemployment compensation and other types of social
  security (excluding Liens arising under ERISA) or in connection with surety bonds, bids, performance
  bonds and similar obligations) for sums not overdue or being contested in good faith by appropriate
  proceedings and not involving any advances or borrowed money or the deferred purchase price of property
  or services and, in each case, for which it maintains adequate reserves;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens described on <U>Schedule 10.2</U> as of the Amendment No. 1 Effective Date;</FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;subject to the limitation set
  forth in Section 10.1(b), (i)&nbsp;Liens arising in connection with Capital Leases (and attaching
  only to the property being leased), (ii)&nbsp;Liens existing on property at the time of the acquisition
  thereof by the Company or any Subsidiary (and not created in contemplation of such acquisition) and
  (iii)&nbsp;Liens that constitute purchase money security interests on any property securing debt
  incurred for the purpose of financing all or any part of the cost of acquiring such property, <U>provided</U> that any such Lien attaches to such property within 20 days of the acquisition thereof and attaches
  solely to the property so acquired;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;attachments, appeal bonds, judgments
  and other similar Liens, for sums not exceeding $250,000 arising in connection with court proceedings, <U>provided</U> that the execution or other enforcement of such </FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>6</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>Liens is effectively stayed and the claims secured thereby are being actively contested in good faith
  and by appropriate proceedings;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;easements, rights of way,
  restrictions, minor defects or irregularities in title and other similar Liens not interfering in
  any material respect with the ordinary conduct of the business of the Company or any Subsidiary;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens in favor of landlords with
  respect to assets located at locations leased by the Company or any Subsidiary if such provisions
  granting a Lien are in existence on the Amendment No. 1 Effective Date in leases that are in existence
  on the Amendment No. 1 Effective Date; <U>provided</U> that, with respect to any locations leased by the Company or any Subsidiary after the Amendment No.
  1 Effective Date, the related lease shall not contain any provisions granting a landlord a Lien on
  any assets of the Company or any Subsidiary or grant the landlord the right to dispose of any assets
  of the Company or any Subsidiary and to the extent any location leased after the Amendment No. 1
  Effective Date is in a jurisdiction with a statutory lien in favor of a landlord, such lease shall
  contain a waiver of such statutory landlord lien;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens (i)&nbsp;on cash collateral
  provided by the Company to secure obligations in respect of Bank Letters of Credit and (ii)&nbsp;pursuant
  to Section 10 of the Master Letter of Credit Agreement dated as of the Amendment No. 1 Effective
  Date by the Company in respect of Bank Letters of Credit; <U>provided</U> that the liabilities secured by all such Liens specified in the foregoing clauses (i) and (ii) do
  not exceed an aggregate of $15,000,000 at any time; and</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the replacement, extension
  or renewal of any Lien permitted by clause (c) above upon or in the same property subject thereto
  arising out of the extension, renewal or replacement of the Debt secured thereby (without increase
  in the amount thereof).</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Operating Leases.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
  permit the aggregate amount of all rental payments under Operating Leases made (or scheduled to be
  made) by the Company and the Subsidiaries (on a consolidated basis) to exceed $3,000,000 in any Fiscal
  Year; <U>provided</U> that the foregoing limit shall not include (a)&nbsp;a Sale Leaseback if such Sale Leaseback is consummated
  in an arm&#146;s-length manner on market terms and conditions, (b)&nbsp;if the St. Louis, Missouri
  headquarters (and related parking facilities) is sold, transferred or assigned, the rental payments
  with respect to any replacement location if such rental payments are on an arm&#146;s-length basis
  on market terms and conditions, or (c)&nbsp;if the Brampton, Ontario facility is sold, transferred
  or assigned, the rental payments with respect to any replacement </FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>7</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>location if such rental payments are on an arm&#146;s-length basis on market terms and conditions.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restricted Payments.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not,
  and will not permit any Subsidiary to, (a)&nbsp;make any distribution or pay any dividend to any
  holders of its Capital Securities, (b)&nbsp;purchase or redeem any of its Capital Securities, (c)&nbsp;pay
  any management fees or similar fees to any of its equity holders or any Affiliate thereof, (d)&nbsp;make
  any redemption, prepayment, defeasance, repurchase or any other payment in respect of any Debt, not
  including the Bank Debt or the Notes, prior to its stated maturity or amortization schedule (in each
  case as such amortization schedule exists on the date hereof) or (e)&nbsp;set aside funds for any
  of the foregoing. Notwithstanding the foregoing, (x)&nbsp;any Subsidiary may pay dividends or make
  other distributions to the Company or to a domestic Wholly-Owned Subsidiary and (y)&nbsp;so long
  as no Default or Event of Default exists or would result therefrom, the Company may pay dividends
  or make other distributions to the holders of its Capital Securities and may purchase, repurchase
  or redeem the Company&#146;s Capital Securities up to an aggregate (for all such dividends, distributions,
  purchases, repurchases and redemptions) of $5,500,000 in each Fiscal Year.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mergers, Consolidations, Sales.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not,
  and will not permit any Subsidiary to, (a)&nbsp;be a party to any merger or consolidation, or purchase
  or otherwise acquire all or substantially all of the assets or any Capital Securities of any class
  of, or any partnership or joint venture interest in, any other Person, (b)&nbsp;sell, transfer, convey
  or lease all or any substantial part of its assets or Capital Securities (including the sale of Capital
  Securities of any Subsidiary) except for sales of inventory, excess equipment and obsolete equipment
  in the ordinary course of business, (c)&nbsp;sell, transfer or assign the St. Louis, Missouri headquarters
  (and related parking facilities) and/or the Brampton, Ontario facility except, in each case, on an
  arm&#146;s-length basis and on market terms and conditions or (d)&nbsp;sell or assign with or without
  recourse any receivables, except for (x)&nbsp;any such merger, consolidation, sale, transfer, conveyance,
  lease or assignment of or by any Wholly-Owned Subsidiary into the Company or into any other domestic
  Wholly-Owned Subsidiary and (y)&nbsp;any such purchase or other acquisition by the Company or any
  domestic Wholly-Owned Subsidiary of the assets or Capital Securities of any Wholly-Owned Subsidiary.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Modification of Organizational Documents.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
  permit the charter, by-laws or other organizational documents of the Company or any Subsidiary to
  be amended or modified in any way which could reasonably be expected to materially adversely affect
  the interests of the holders of Notes; not change, or allow the Company or any Subsidiary to change,
  its State of formation or its organizational form. </FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>8</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transactions with Affiliates.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not,
  and will not permit any Subsidiary to, enter into, or cause, suffer or permit to exist any transaction,
  arrangement or contract with any of its other Affiliates (other than the Company and the Subsidiaries)
  which is on terms which are materially less favorable than are reasonably obtainable from any Person
  which is not one of its Affiliates and excluding any employment agreements with any officers and
  directors of the Company or any Subsidiary to the extent approved by the Board of Directors of the
  Company or such Subsidiary, as applicable, and disclosed by the Company in accordance with all applicable
  public reporting laws, rules, and regulations.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inconsistent Agreements.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not,
  and will not permit any Subsidiary to, enter into, or be a party to, any agreement containing any
  provision which would (a)&nbsp;be violated or breached by the performance by the Company or any Subsidiary
  of any of its obligations hereunder or under any other Note Document, (b)&nbsp;prohibit the Company
  or any Subsidiary from granting to any holder of Notes, a Lien on any of its assets (other than the
  Bank Debt Documents) or (c)&nbsp;create or permit to exist or become effective any encumbrance or
  restriction on the ability of any Subsidiary to (i)&nbsp;pay dividends or make other distributions
  to the Company or any other Subsidiary, or pay any Debt owed to the Company or any other Subsidiary,
  (ii)&nbsp;make loans or advances to the Company or any Subsidiary or (iii)&nbsp;transfer any of its
  assets or properties to the Company or any Subsidiary, other than (A)&nbsp;customary restrictions
  and conditions contained in agreements relating to the sale of all or a substantial part of the assets
  of any Subsidiary pending such sale, provided that such restrictions and conditions apply only to
  the Subsidiary to be sold and such sale is permitted hereunder, (B)&nbsp;restrictions or conditions
  imposed by any agreement relating to purchase money Debt, and Capital Leases permitted by this Agreement
  if such restrictions or conditions apply only to the property or assets securing such Debt and (C)&nbsp;customary
  provisions in leases and other contracts restricting the assignment thereof.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business Activities; Issuance of Equity.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not,
  and will not permit any Subsidiary to, (a)&nbsp;engage in any line of business other than the businesses
  engaged in on the Amendment No. 1 Effective Date and businesses reasonably related thereto or (b)&nbsp;issue
  any Capital Securities other than, in the case of this clause (b), (i)&nbsp;any issuance of shares
  of the Company&#146;s common Capital Securities pursuant to any employee or director option program,
  benefit plan or compensation program, and (ii)&nbsp;any issuance by a Subsidiary to the Company or
  another Subsidiary in accordance with Section 10.4.</FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>9</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not,
  and will not permit any Subsidiary to, make or permit to exist any Investment in any other Person,
  except the following:</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;contributions by the Company to
  the capital of any domestic Wholly-Owned Subsidiary, or by any Subsidiary to the capital of any other
  domestic Wholly-Owned Subsidiary, so long as the recipient of any such capital contribution has guaranteed
  the obligations of the Company and the Subsidiaries hereunder and under the Notes and the other Notes
  Documents, as required by this Agreement;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments constituting Debt
  permitted by Section 10.1;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contingent Liabilities constituting
  Debt permitted by Section 10.1 or Liens permitted by Section 10.2;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;bank deposits in the ordinary
course of business;</FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments in securities of account
  debtors received pursuant to any plan of reorganization or similar arrangement upon the bankruptcy
  or insolvency of such account debtors; and</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments listed on <U>Schedule 10.10</U> as of the Amendment No. 1 Effective Date;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>provided that (x)&nbsp;any Investment which when made complies with the requirements of the definition
  of the term &#147;Cash Equivalent Investment&#148; may continue to be held notwithstanding that such
  Investment if made thereafter would not comply with such requirements; and (y)&nbsp;no Investment
  otherwise permitted by clause (b) or (c) shall be permitted to be made if, immediately before or
  after giving effect thereto, any Default or Event of Default exists.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Most Favored Lender.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
  enter into, assume or otherwise be bound or obligated under any agreement creating or evidencing
  Debt in excess of $250,000 containing one or more Additional Covenants or Additional Defaults, without
  the prior written consent of the Required Holders; <U>provided</U>, <U>however</U>, in the event the Company or any Subsidiary shall enter into, assume or otherwise become bound by
  or obligated under any such agreement without the prior written consent of the Required Holders,
  the terms of this Agreement shall, without any further action on the part of the Company or any Subsidiary
  or any holder of Notes, be deemed to be amended automatically to include each Additional Covenant
  and each Additional Default contained in such agreement. The Company further covenants to promptly
  execute and deliver at its expense (including, without limitation, the reasonable fees and expenses
  of counsel for the holders of Notes) an amendment to this Agreement in form and substance satisfactory
  to the Required Holders </FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>10</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>evidencing the amendment of this Agreement to include such Additional Covenants and Additional Defaults,
        <U>provided</U> that the execution and delivery of such amendment shall not be a precondition to the effectiveness
  of such amendment as provided for in this Section, but shall merely be for the convenience of the
  parties hereto. Notwithstanding the foregoing, the Bank Debt Documents as they exist on the Amendment
  No. 1 Effective Date are not implicated by this Section.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restriction of Amendments to Certain Documents.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
  amend or otherwise modify, or waive any rights under, (a)&nbsp;any of the Sears Agreements, if, in
  any case, such amendment, modification or waiver could reasonably be expected to be adverse to the
  interests of the holders of Notes or be materially adverse to the Company or (b)&nbsp;the Bank Debt
  Documents, except to the extent such change could not reasonably be expected to materially adversely
  effect any holder of Notes or except to the extent such change is not more restrictive to the Company
  or any Subsidiary.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dormant Entities.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
  allow or permit any Dormant Entity to (a)&nbsp;have or hold any assets of any kind or nature other
  than the Capital Securities of any Subsidiary, (b)&nbsp;have or incur any liabilities, obligations
  or Debt of any kind other than incidental corporate maintenance items, incidental tax liabilities,
  or (c)&nbsp;have any operations or employees.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fiscal Year.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
  change its Fiscal Months, Fiscal Quarters or Fiscal Years from what is set forth on <U>Schedule 10.14</U>.</FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>11</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Covenants.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.15.1&nbsp; Minimum EBITDA.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
  permit, as of the last day of any Computation Period, EBITDA for such Computation Period to be less
  than the amount set forth below for such Computation Period:</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<table width="600" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="left" valign="bottom"><font face="Times New Roman, Times, serif" size=2>&nbsp;Computation&nbsp;<br>
    Periods Ending &nbsp;</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font face="Times New Roman, Times, serif" size=2>Minimum&nbsp;<u><br>
    </u>EBITDA</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif"></font></td>
    <td align="left" valign="bottom"><hr align="left" width="85" size="1" noshade></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif"></font></td>
    <td align="center" valign="bottom"><hr width="50" size="1" noshade></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif"></font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="left" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="10%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="left" valign="bottom"><font face="Times New Roman, Times, serif" size=2>April 30, 2005 and July 23, 2005</font></td>
    <td width="10%" align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font face="Times New Roman, Times, serif" size=2>$24,000,000</font></td>
    <td width="10%" align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="left" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="left" valign="bottom"><font face="Times New Roman, Times, serif" size=2>&nbsp;November 12, 2005</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font face="Times New Roman, Times, serif" size=2>$25,000,000</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="left" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="left" valign="bottom"><font face="Times New Roman, Times, serif" size=2>February 4, 2006, April 29, 2006<br>
      and
July 22, 2006</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font face="Times New Roman, Times, serif" size=2>&nbsp;$28,000,000</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="left" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="left" valign="bottom"><font face="Times New Roman, Times, serif" size=2>November 11, 2006, February 3, 2007<br>
      and
April 28, 2007</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font face="Times New Roman, Times, serif" size=2>$30,000,000</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.15.2&nbsp; Total Debt to EBITDA Ratio.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
  permit, as of the last day of any Fiscal Quarter, the ratio of Total Debt to EBITDA, for the Computation
  Period ended on the last day of such Fiscal Quarter, to exceed 2.00 to 1.00. </FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.15.3&nbsp; Minimum Net Worth.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
  Company&#146;s Net Worth as of the last day of each Fiscal Quarter shall not be less than the following,
  plus with respect to each of the following, 90% of the net proceeds of any issuance of equity or
  equity securities in the Company issued after the Amendment No. 1 Effective Date:</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<table width="600" border="0" cellpadding="0" cellspacing="0">
  <tr>
    <td align="center" valign="bottom"><font face="Times New Roman, Times, serif" size=2>&nbsp;Fiscal Quarter Ending &nbsp;</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font face="Times New Roman, Times, serif" size=2> Minimum<br>
    Net Worth</font></td>
    <td><font size="2" face="Times New Roman, Times, serif"></font></td>
  </tr>
  <tr>
    <td align="center"><hr width="120" size="1" noshade></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif"></font></td>
    <td align="center"><hr width="60" size="1" noshade></td>
    <td><font size="2" face="Times New Roman, Times, serif"></font></td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>&nbsp;April 30, 2005</font></td>
    <td width="20%" align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>$17,000,000</font></td>
    <td width="25%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>July 23, 2005</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>&nbsp;$13,000,000</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>November 12, 2005</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>$7,000,000</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>February 4, 2006</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>$20,000,000</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>April 29, 2006</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>$18,000,000</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>July 22, 2006</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>$14,000,000</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>November 11, 2006</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>$10,000,000</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>February 3, 2007</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>$25,500,000</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>April 28, 2007</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font face="Times New Roman, Times, serif" size=2>$25,500,000&#148;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
</table>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">
  <TR>
    <TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
  </TR>
  <TR>
    <TD vAlign=top><P align=center><FONT face="Times New Roman, Times, Serif" size=2>12</FONT></P></TD>
  </TR>
</TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2><B>10.15.4&nbsp; Capital Expenditures.</B></FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
  permit the aggregate amount of all Capital Expenditures made by the Company and the Subsidiaries
  in any Fiscal Year to exceed the amount set forth below for such Fiscal Year:</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<table width="600" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font face="Times New Roman, Times, serif" size=2>Fiscal Year</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font face="Times New Roman, Times, serif" size=2> Maximum<u><br>
    </u>Capital Expenditures</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><hr width="63" size="1" noshade></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><hr width="105" size="1" noshade></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="1" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font size="1" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font size="1" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font size="1" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font size="1" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="10%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font face="Times New Roman, Times, serif" size=2>2005 Fiscal Year</font></td>
    <td width="10%" align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font face="Times New Roman, Times, serif" size=2>$30,000,000.00</font></td>
    <td width="10%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font face="Times New Roman, Times, serif" size=2>2006 Fiscal Year</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font face="Times New Roman, Times, serif" size=2>$25,000,000.00</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font face="Times New Roman, Times, serif" size=2>&nbsp;2007 Fiscal Year</font></td>
    <td align="center" valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="bottom"><font face="Times New Roman, Times, serif" size=2>$20,000,000.00&#148;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
</table>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
  <TD vAlign=top>&nbsp;</TD>
  <TD vAlign=top>&nbsp;</TD>
</TR>
<TR>
<TD vAlign=top width=48>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(e)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <B>Section 11. Events of Default</B>. </FONT></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(I)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> Clauses (c), (d) and (e) of Section 11 are deleted in their entirety and replaced with the following:</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>&#147;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Company defaults in the performance
  of or compliance with any term contained in Section 7.1(d) or Section 10; or</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Company or any Subsidiary
  defaults in the performance of or compliance with any term contained herein (other than those referred
  to in paragraphs (a), (b) and (c) of this Section 11) or in any other Note Document, and such default
  is not remedied within 20 days after the occurrence of such default; or</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any representation or warranty
  made in writing by or on behalf of the Company or any Subsidiary or by any officer of the Company
  or any Subsidiary in this Agreement, in any Note Document or in any writing furnished in connection
  with the transactions contemplated hereby or thereby proves to have been false or incorrect on the
  date as of which made; or&#148;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(II)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> Clause (f) of Section 11 is amended by replacing each occurrence of &#147;$5,000,000&#148; therein
  with &#147;$200,000&#148;.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(III)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> Clause (i) of Section 11 is amended by (A)&nbsp;replacing &#147;$1,000,000&#148; therein with &#147;$250,000&#148;
  and (B)&nbsp;replacing each occurrence of &#147;120 days&#148; therein with &#147;30 days&#148;.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(IV)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> Clause (j) of Section 11 is amended by replacing &#147;$1,000,000&#148; therein with &#147;$100,000&#148;.</FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>13</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(V)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> Section 11 is further amended by (A) replacing the &#147;.&#148; at the end of clause (j) thereof
  with &#147;; or&#148; and adding the following new clauses (k) and (l) at the end thereof:</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>&#147;(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a default by the Company or any Subsidiary
  in the payment when due, or in the performance or observance of, any obligation of, or condition
  agreed to by, any of them with respect to any agreement, contract or lease, where such default, singly
  or in the aggregate with all other such defaults, might reasonably be expected to have a Material
  Adverse Effect; or</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any material default or
  material breach, or notice (written or oral) of any default or breach, under any of the Sears Agreements,
  or any termination of any of the Sears Agreements (except for a termination of the Sears Canada Agreement
  not arising from a breach or default by the Company or any Subsidiary of such agreement) or any notice
  (written or oral) of any intent to terminate any of the Sears Agreements (except for a termination
  of the Sears Canada Agreement not arising from a breach or default by the Company or any Subsidiary
  of such agreement), or any of the Sears Agreements shall cease to be in full force and effect (except
  for a termination of the Sears Canada Agreement not arising from a breach or default by the Company
  or any Subsidiary of such agreement) whether by their terms or due to an early termination; or the
  Company or any of its Subsidiaries or any other Person shall contest in any manner the validity,
  binding nature or enforceability of any guaranty of the obligations of the Company or any Subsidiary
  under the Note Documents (including the Guaranty Agreement) or shall assert the invalidity or unenforceability
  of, or deny any liability under, any such guaranty or the Company or any Subsidiary fails to comply
  with any of the terms or provisions of any such guaranty, or any representation or warranty is false
  or any covenant is breached of the Company or any Subsidiary herein or in any such guaranty.&#148; </FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=48>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(f)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B></B><B>Schedule A. Names and Addresses of Purchasers</B>.</FONT></TD>
</TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>Schedule A to the Agreements is amended by deleting the address provided under each of &#147;(3) Address
  for all notices relating to payments and written confirmation of such wire transfers:&#148; and &#147;(4)
  Address for all other communications and notices:&#148; with respect to The Guardian Life Insurance
  Company of America, and replacing it with the following:</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=192><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
<TD vAlign=top><FONT face="Times New Roman, Times, serif" size=2>The Guardian Life Insurance Company of America&nbsp;</FONT></TD>
</TR>
<TR>
<TD vAlign=top width=192><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
<TD vAlign=top><FONT face="Times New Roman, Times, serif" size=2>7 Hanover Square</FONT></TD>
</TR>
<TR>
<TD vAlign=top width=192><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
<TD vAlign=top><FONT face="Times New Roman, Times, serif" size=2>New York, NY&nbsp;&nbsp; 10004-2616</FONT></TD>
</TR>
<TR>
<TD vAlign=top width=192><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
<TD vAlign=top><FONT face="Times New Roman, Times, serif" size=2>Attn:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brian Keating</FONT></TD>
</TR>
<TR>
<TD vAlign=top width=192><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
<TD vAlign=top><FONT face="Times New Roman, Times, serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment
Department 20-D</FONT></TD>
</TR>
<TR>
<TD vAlign=top width=192><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
<TD vAlign=top><FONT face="Times New Roman, Times, serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fax #:&nbsp;
(212) 919-2658</FONT></TD>
</TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>14</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=48>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(g)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B></B><B>Schedule B. Defined Terms</B>.</FONT></TD>
</TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(I)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> The definitions of &#147;Affiliate&#148;, &#147;Capital Lease&#148;, &#147;Consolidated Net Income&#148;,
&#147;EBITDA&#148;, &#147;Lien&#148; and &#147;Material Adverse Effect&#148; in Schedule B are amended
  by deleting such definitions in their entirety and replacing them with the following:</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Affiliate</B>&#148; of any Person means (a)&nbsp;any other Person which, directly or indirectly, controls or is
  controlled by or is under common control with such Person, (b)&nbsp;any officer or director of such
  Person and (c)&nbsp;with respect to any Bank Lender, any entity administered or managed by such Bank
  Lender or an Affiliate or investment advisor thereof and which is engaged in making, purchasing,
  holding or otherwise investing in commercial loans. A Person shall be deemed to be &#147;controlled
  by&#148; any other Person if such Person possesses, directly or indirectly, power to vote 10% or
  more of the securities (on a fully diluted basis) having ordinary voting power for the election of
  directors or managers or power to direct or cause the direction of the management and policies of
  such Person whether by contract or otherwise. Unless the context otherwise clearly requires, any
  reference to an &#147;Affiliate&#148; is a reference to an Affiliate of the Company.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Capital Lease</B><B></B>&#148; means, with respect to any Person, any lease of (or other agreement conveying the right to use)
  any real or personal property by such Person that, in conformity with GAAP, is accounted for as a
  capital lease on the balance sheet of such Person.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Consolidated Net Income</B><B></B>&#148; means, with respect to any period, the net income (or loss) of the Company and its Subsidiaries
  for such period, determined on a consolidated basis in accordance with GAAP, excluding any gains
  or losses from Asset Dispositions described in clauses (a) and (c) of the definition of Asset Dispositions.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>EBITDA</B><B></B>&#148; means, for any period, Consolidated Net Income for such period plus, to the extent deducted
  in determining such Consolidated Net Income, (a)&nbsp;Interest Expense, (b)&nbsp;income tax expense,
  (c)&nbsp;depreciation and amortization, (d)&nbsp;non-cash charges not exceeding an aggregate of $3,000,000
  from and after the Amendment No. 1 Effective Date for such period and (e)&nbsp;cash charges for severance
  expenses not exceeding a cumulative aggregate of $2,0000,000 from and after the Amendment No. 1 Effective
  Date, for such period and (f)&nbsp;if applicable, the Special Adjustment Amount. Without duplication
  of the Special Adjustment Amount, &#147;EBITDA&#148; shall be recomputed for all relevant Computation
  Periods to exclude any gains or losses from Asset Dispositions described in clauses (a) and (c) of
  the definition of Asset Dispositions and any extraordinary gains or losses (as defined under GAAP).</FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>15</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Lien</B><B></B>&#148; means, with respect to any Person, any interest granted by such Person in any real or personal
  property, asset or other right owned or being purchased or acquired by such Person (including an
  interest in respect of a Capital Lease) which secures payment or performance of any obligation and
  shall include any mortgage, lien, encumbrance, title retention lien, charge or other security interest
  of any kind, whether arising by contract, as a matter of law, by judicial process or otherwise.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Material Adverse Effect</B><B></B>&#148; means (a)&nbsp;a material adverse change in, or a material adverse effect upon, the financial
  condition, operations, assets, business, properties or prospects of the Company and its Subsidiaries
  taken as a whole, (b)&nbsp;a material impairment of the ability of the Company or any of its Subsidiaries
  to perform any of its obligations under any Note Document or (c)&nbsp;a material adverse effect upon
  any substantial portion of the assets of the Company and its Subsidiaries, taken as a whole, or upon
  the legality, validity, binding effect or enforceability of any Note Document against the Company
  or any of its Subsidiaries.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(II)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> The following definitions are inserted in Schedule B in the appropriate alphabetical order:</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Acquisition</B><B></B>&#148; means any transaction or series of related transactions for the purpose of or resulting, directly
  or indirectly, in (a)&nbsp;the acquisition of all or substantially all of the assets of a Person,
  or of all or substantially all of any business or division of a Person, (b)&nbsp;the acquisition
  of in excess of 50% of the Capital Securities of any Person, or otherwise causing any Person to become
  a Subsidiary, or (c)&nbsp;a merger or consolidation or any other combination with another Person
  (other than a Person that is already a Subsidiary).</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Additional Covenant</B><B></B>&#148; means any affirmative or negative covenant or similar restriction applicable to the Company
  or any Subsidiary (regardless of whether such provision is labeled or otherwise characterized as
  a covenant) the subject matter of which either (a)&nbsp;is similar to that of the covenants in Section
  9 and Section 10 of this Agreement, or related definitions of this Agreement, but contains one or
  more percentages, amounts or formulas that is more restrictive than those set forth in this Agreement
  or more beneficial to the holder or holders of the Debt created or evidenced by the document in which
  such covenant or similar restriction is contained (and such covenant or similar restriction shall
  be deemed an Additional Covenant only to the extent that it is more restrictive or more beneficial)
  or (b)&nbsp;is different from the subject matter of the covenants in Section 9 and Section 10 of
  this Agreement, or related definitions of this Agreement.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Additional Default</B><B></B>&#148; means any provision contained in any document or instrument creating or evidencing Debt of the
  Company or </FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>16</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>any Subsidiary that permits the holder or holders of such Debt to accelerate (with the passage of time
  or giving of notice or both) the maturity thereof or otherwise requires the Company or any Subsidiary
  to purchase such Debt prior to the stated maturity thereof and which either (a)&nbsp;is similar to
  the Events of Default contained in Section 11 of this Agreement, or related definitions of this Agreement,
  but contains one or more percentages, amounts or formulas that is more restrictive or has a shorter
  grace period than those set forth herein or is more beneficial to the holders of such other Debt
  (and such provision shall be deemed an Additional Default only to the extent that it is more restrictive,
  has a shorter grace period or is more beneficial) or (b) is different from the subject matter of
  the Events of Default contained in Section 11 of this Agreement, or related definitions of this Agreement.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Amendment No. 1 Effective Date</B><B></B>&#148; means April 15, 2005.</FONT></TD>
</TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Asset Disposition</B><B></B>&#148; means the sale, lease, assignment or other transfer for value (each, a &#148;<B>Disposition</B><B></B>&#148;) by the Company or any Subsidiary to any Person (other than the Company or any Subsidiary) of
  any asset or right of the Company or such Subsidiary (including, the loss, destruction or damage
  of any thereof or any actual or threatened (in writing to the Company or any Subsidiary) condemnation,
  confiscation, requisition, seizure or taking thereof) other than (a)&nbsp;the Disposition of any
  asset which is to be replaced, and is in fact replaced, within 180 days with another asset performing
  the same or a similar function or that is otherwise useful in the business of the Company or a Subsidiary,
  (b)&nbsp;the sale or lease of inventory or obsolete equipment, including, without limitation, any
  excess equipment, in the ordinary course of business and (c)&nbsp;other Dispositions in any Fiscal
  Year the Net Cash Proceeds of which do not in the aggregate exceed 20% of Consolidated Assets (as
  of the last day of the immediately preceding Fiscal Year).</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Bank Agent</B><B></B>&#148; means LaSalle Bank National Association, as administrative agent under the Bank Agreement, together
  with any successor or replacement administrative agent from time to time thereunder.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Bank Agreement</B><B></B>&#148; means the Credit Agreement, dated as of the Amendment No. 1 Effective Date, among the Company,
  the various financial institutions party thereto, as lenders, and the Bank Agent, as such agreement
  may be amended, restated, supplemented or otherwise modified from time to time.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Bank Debt</B><B></B>&#148; means Debt incurred by the Company pursuant to the&nbsp;Bank Agreement.</FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>17</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Bank Debt Documents</B><B></B>&#148; means all documents and instruments relating to the Bank Debt, executed or delivered from time
  to time (including, without limitation, the Bank Agreement), as any of the foregoing may be amended,
  modified, restated or supplemented from time to time.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Bank Lender</B><B></B>&#148; means a Lender under the Bank Agreement.</FONT></TD>
</TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Bank Letter of Credit</B><B></B>&#148; means a letter of credit issued by the &#147;Issuing Lender&#148; (as such term is defined in
  the Bank Agreement) under and pursuant to the terms of the Bank Agreement.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Canadian Entities</B><B></B>&#148; means (a)&nbsp;CPI Corp., a Nova Scotia unlimited liability company, and (b)&nbsp;CPI Portrait
  Studios of Canada Corp., a Nova Scotia unlimited liability company.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Capital Expenditures</B><B></B>&#148; means all expenditures which, in accordance with GAAP, would be required to be capitalized and
  shown on the consolidated balance sheet of the Company, including expenditures in respect of Capital
  Leases, but excluding expenditures made in connection with the replacement, substitution or restoration
  of assets to the extent financed (a)&nbsp;from insurance proceeds (or other similar recoveries) paid
  on account of the loss of or damage to the assets being replaced or restored or (b)&nbsp;with awards
  of compensation arising from the taking by eminent domain or condemnation of the assets being replaced.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Capital Securities</B><B></B>&#148; means, with respect to any Person, all shares, interests, participations or other equivalents
  (however designated, whether voting or non-voting) of such Person&#146;s capital, whether outstanding
  on the Amendment No. 1 Effective Date or issued or acquired after the Amendment No. 1 Effective Date,
  including common shares, preferred shares, membership interests in a limited liability company, limited
  or general partnership interests in a partnership, interests in a trust, interests in other unincorporated
  organizations or any other equivalent of such ownership interest.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Capitalized Rentals</B><B></B>&#148; of any Person shall mean as of the date of any determination thereof, the amount at which the
  aggregate present value of future rentals due and to become due under all Capital Leases under which
  such Person is a lessee would be reflected as a liability on a consolidated or combined balance sheet
  of such Person in accordance with GAAP.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Cash Equivalent Investment</B><B></B>&#148; means, at any time, (a)&nbsp;any evidence of Debt, maturing not more than one year after such
  time, issued or guaranteed by the United States Government or any agency thereof, (b)&nbsp;commercial
  paper, maturing not more than one year from the date of </FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>18</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>issue, or corporate demand notes, in each case (unless issued by a Bank Lender or its holding company)
  rated at least A-l by Standard &amp; Poor&#146;s Ratings Services, a division of The McGraw-Hill
  Companies, Inc. or P-l by Moody&#146;s Investors Service, Inc., (c)&nbsp;any certificate of deposit,
  time deposit or banker&#146;s acceptance, maturing not more than one year after such time, or any
  overnight Federal Funds transaction that is issued or sold by any Bank Lender or its holding company
  (or by a commercial banking institution that is a member of the Federal Reserve System and has a
  combined capital and surplus and undivided profits of not less than $500,000,000), (d)&nbsp;any repurchase
  agreement entered into with any Bank Lender (or commercial banking institution of the nature referred
  to in clause (c)) which (i)&nbsp;is secured by a fully perfected security interest in any obligation
  of the type described in any of clauses (a) through (c) above and (ii)&nbsp;has a market value at
  the time such repurchase agreement is entered into of not less than 100% of the repurchase obligation
  of such Bank Lender (or other commercial banking institution) thereunder, (e)&nbsp;money market accounts
  or mutual funds which invest exclusively in assets satisfying the foregoing requirements, (f)&nbsp;investments
  listed on <U>Schedule 10.10</U> and similar investments (other than foreign government bonds), (g)&nbsp;investments in money market
  funds managed by or sponsored by the Bank Agent or any of its Affiliates and (h)&nbsp;other short
  term liquid investments approved in writing by the Required Holders (which approval shall not be
  unreasonably withheld).</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Computation Period</B><B></B>&#148; means each period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Contingent Liability</B><B></B>&#148; means, with respect to any Person, each obligation and liability of such Person and all such
  obligations and liabilities of such Person incurred pursuant to any agreement, undertaking or arrangement
  by which such Person (a)&nbsp;guarantees, endorses or otherwise becomes or is contingently liable
  upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to
  supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss)
  the indebtedness, dividend, obligation or other liability of any other Person in any manner (other
  than by endorsement of instruments in the course of collection), including any indebtedness, dividend
  or other obligation which may be issued or incurred at some future time, (b)&nbsp;guarantees the
  payment of dividends or other distributions upon the Capital Securities of any other Person, (c)&nbsp;undertakes
  or agrees (whether contingently or otherwise)&nbsp;(i)&nbsp;to purchase, repurchase, or otherwise
  acquire any indebtedness, obligation or liability of any other Person or any property or assets constituting
  security therefor, (ii)&nbsp;to advance or provide funds for the payment or discharge of any indebtedness,
  obligation or liability of any other Person (whether in the form of loans, advances, stock purchases,
  capital contributions or otherwise), or to maintain solvency, assets, level of income, working </FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>19</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>capital or other financial condition of any other Person, or (iii)&nbsp;to make payment to any other
  Person other than for value received, (d)&nbsp;agrees to lease property or to purchase securities,
  property or services from such other Person with the purpose or intent of assuring the owner of such
  indebtedness or obligation of the ability of such other Person to make payment of the indebtedness
  or obligation, (e)&nbsp;to induce the issuance of, or in connection with the issuance of, any letter
  of credit for the benefit of such other Person or (f)&nbsp;undertakes or agrees otherwise to assure
  a creditor against loss. The amount of any Contingent Liability shall (subject to any limitation
  set forth herein) be deemed to be the outstanding principal amount (or maximum permitted principal
  amount, if larger) of the indebtedness, obligation or other liability guaranteed or supported thereby.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Debt</B><B></B>&#148; of any Person means, without duplication, (a)&nbsp;all indebtedness of such Person that is non-contingent
  and liquidated in amount or that should under GAAP be included in liabilities and not just as a footnote
  on a balance sheet, (b)&nbsp;all borrowed money of such Person, whether or not evidenced by bonds,
  debentures, notes or similar instruments, (c)&nbsp;all obligations of such Person as lessee under
  Capital Leases including, without duplication, Capitalized Rentals, which have been or should be
  recorded as liabilities on a balance sheet of such Person in accordance with GAAP, (d)&nbsp;all obligations
  of such Person to pay the deferred purchase price of property or services (excluding trade accounts
  payable in the ordinary course of business), (e)&nbsp;all indebtedness secured by a Lien on the property
  of such Person, whether or not such indebtedness shall have been assumed by such Person, <U>provided</U> that if such Person has not assumed or otherwise become liable for such indebtedness, such indebtedness
  shall be measured as the lesser of the amount of any such indebtedness or the fair market value of
  such property securing such indebtedness at the time of determination, (f)&nbsp;all obligations,
  contingent or otherwise, with respect to the face amount of all letters of credit (whether or not
  drawn), bankers&#146; acceptances and similar obligations issued for the account of such Person (including
  the Bank Letters of Credit), (g)&nbsp;all Hedging Obligations of such Person, (h)&nbsp;all Contingent
  Liabilities of such Person, (i)&nbsp;all Debt of any partnership of which such Person is a general
  partner and (j)&nbsp;any Capital Securities or other equity instrument, whether or not mandatory
  redeemable, that under GAAP is or should be characterized as debt and not equity, whether pursuant
  to financial accounting standards board issuance No. 150 or otherwise.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Debt to Repaid</B><B></B>&#148; means Debt listed on <U>Schedule 10.1(e)</U> attached hereto.</FONT></TD>
</TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#147;<B>Designated Proceeds</B><B></B>&#148; is defined in Section 8.7.</FONT></TD>
</TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Dormant Entities</B><B></B>&#148; means each of the following: (a)&nbsp;Centrics Technology, Inc., a Delaware corporation, (b)&nbsp;Consumer
  Programs </FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>20</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>Partner, Inc., a Delaware corporation, (c)&nbsp;CPI Portrait Studios de Mexico, S. de R.L. de C.V.,
  a Mexican corporation, (d)&nbsp;CPI Prints Plus, Inc., a Delaware corporation, (e)&nbsp;CPI Research
  and Development, Inc., a Delaware corporation, (f)&nbsp;CPI Technology Corp., a Missouri corporation,
  (g)&nbsp;LBP Partnership, a Missouri general partnership, (h)&nbsp;myportraits.com, Inc., a Missouri
  corporation, (i)&nbsp;P&amp;W/LBP Partnership, a Missouri general partnership, (j)&nbsp;Ridgedale
  Prints Plus, Inc., a Minnesota corporation, and (k) Texas Portraits, L.P., a Delaware limited partnership.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Fiscal Month</B><B></B>&#148; means a fiscal month of a Fiscal Year.</FONT></TD>
</TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Fiscal Quarter</B><B></B>&#148; means a fiscal quarter of a Fiscal Year.</FONT></TD>
</TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Fiscal Year</B><B></B><B></B>&#148; means the fiscal year of the Company and its Subsidiaries, which period shall be the 12-month
  period ending on the date specified in <U>Schedule 10.14</U> attached hereto of each calendar year. References to a Fiscal Year with a number corresponding to
  any calendar year (e.g., &#147;Fiscal Year 2004&#148; or &#147;2004 Fiscal Year&#148;) refer to the
  Fiscal Year beginning in the calendar year of such Fiscal Year as set forth in <U>Schedule 10.14</U> (e.g. &#147;Fiscal Year 2004&#148; began in calendar year 2004 and ends in calendar year 2005).</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Guaranty Agreement</B><B></B><B></B>&#148; means the Guaranty Agreement dated as of the Amendment No. 1 Effective Date executed and delivered
  by the Subsidiaries (other than the Dormant Entities and the Canadian Entities), together with any
  joinders thereto and any other guaranty executed by a Subsidiary, in each case in form and substance
  reasonably satisfactory to the Required Holders.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Hedging Agreement</B><B></B><B></B>&#148; means any interest rate, currency or commodity swap agreement, cap agreement or collar agreement,
  and any other agreement or arrangement designed to protect a Person against fluctuations in interest
  rates, currency exchange rates or commodity prices.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Hedging Obligation</B><B></B><B></B>&#148; means, with respect to any Person, any liability of such Person under any Hedging Agreement.
  The amount of any Person&#146;s obligation in respect of any Hedging Obligation shall be deemed to
  be the incremental obligation that would be reflected in the financial statements of such Person
  in accordance with GAAP.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Insurance Proceeds</B><B></B><B></B>&#148; means any insurance and/or condemnation proceeds payable as a consequence of damage to or destruction
  of any assets of the Company or any Subsidiary.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Interest Expense</B><B></B><B></B>&#148; means for any period the consolidated interest expense of the Company and its Subsidiaries for
  such period (including all imputed interest on Capital Leases).</FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>21</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Investment</B><B></B><B></B>&#148; means, with respect to any Person, any investment in another Person, whether by acquisition
  of any debt or Capital Security, by making any loan or advance, by becoming obligated with respect
  to a Contingent Liability in respect of obligations of such other Person (other than travel and similar
  advances to employees in the ordinary course of business) or by making an Acquisition.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Net Cash Proceeds</B><B></B><B></B>&#148; means, with respect to any Asset Disposition, the aggregate cash proceeds (including cash proceeds
  received pursuant to policies of insurance or by way of deferred payment of principal pursuant to
  a note, installment receivable or otherwise, but only as and when received) received by the Company
  or any Subsidiary pursuant to such Asset Disposition net of (a)&nbsp;the direct costs relating to
  such sale, transfer or other disposition (including sales commissions and legal, accounting and investment
  banking fees), (b)&nbsp;taxes paid or reasonably estimated by the Company to be payable as a result
  thereof (after taking into account any available tax credits or deductions and any tax sharing arrangements)
  and (c)&nbsp;amounts required to be applied to the repayment of any Debt secured by a Lien on the
  asset subject to such Asset Disposition (other than Bank Debt and the Notes);</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Net Income</B><B></B><B></B>&#148; means the net income of the Company and its Subsidiaries, determined on a consolidated basis
  in accordance with GAAP.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Net Worth</B><B></B><B></B>&#148; means the consolidated net worth of the Company and its Subsidiaries, determined in accordance
  with GAAP.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Note Documents</B><B></B><B></B>&#148; means, collectively, this Agreement, the Other Agreements, the Notes, the Guaranty Agreement,
  the Sharing Agreement and each other agreement, instrument or document executed at any time in connection
  with the foregoing documents, as each such Note Document may be amended, restated, supplemented or
  otherwise modified from time to time.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Operating Lease</B><B></B><B></B>&#148; means any lease of (or other agreement conveying the right to use) any real or personal property
  by the Company or any Subsidiary, as lessee, other than any Capital Lease.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Sale Leaseback</B><B></B><B></B>&#148; means (a)&nbsp;the sale or transfer by the Company of its headquarters location (and related
  parking facilities) in St. Louis, Missouri and the subsequent immediate leasing by the Company of
  all or a portion of such location and (b)&nbsp;the sale or transfer by the Company of its facility
  in Brampton, Ontario and the subsequent immediate leasing by the Company of all or a portion of such
  location.</FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>22</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Sears Agreements</B><B></B><B></B>&#148; means, collectively, (a)&nbsp;the License Agreement dated as of January 1, 1999 by and between
  Sears, Roebuck and Co. and Consumer Programs Incorporated, (b)&nbsp;the License Agreement (Off Mall)
  dated as of January 1, 1999 by and between Sears, Roebuck and Co. and Consumer Programs Incorporated,
  (c)&nbsp;the License Agreement dated as of January 1, 1999 by and between Sears Roebuck de Puerto
  Rico, Inc. and Consumer Programs Incorporated, (d)&nbsp;the Development and License Agreement dated
  as of January 31, 2001 by and between Sears, Roebuck and Co. and Consumer Programs Incorporated and
  (e)&nbsp;the Sears Canada Agreement, and all documents and agreements executed in connection with
  any of the foregoing, from time to time, as any of the foregoing may be amended, modified, restated,
  or replaced from time to time.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Sears Canada Agreement</B><B></B><B></B>&#148; means the Sears License Agreement dated as of January 1, 2003 by and between Sears, Roebuck
  and Co., Sears Canada Inc. and the Company.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Sharing Agreement</B><B></B><B></B>&#148; means the Sharing Agreement, dated as of the Amendment No. 1 Effective Date, among the holders
  of Notes and the Bank Agent, as amended, restated, supplemented or otherwise modified from time to
  time.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Special Adjustment Amount</B><B></B><B></B>&#148; means an amount equal to (a)&nbsp;for the first Fiscal Quarter in the 2005 Fiscal Year, $21,851,106,
  (b)&nbsp;for the second Fiscal Quarter in the 2005 Fiscal Year, $11,963,185, (c)&nbsp;for the third
  Fiscal Quarter in the 2005 Fiscal Year, $612,383, and (d)&nbsp;for the fourth Fiscal Quarter in the
  2005 Fiscal Year, $0. The Special Adjustment Amount to be added to EBITDA for the applicable Fiscal
  Quarter in the 2005 Fiscal Year shall only be the amount set forth above for such Fiscal Quarter;
  such amounts are not cumulative.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=144>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Total Debt</B><B></B><B></B>&#148; means, as to any Person, without duplication, (a)&nbsp;all Debt of such Person for borrowed
  money or which has been incurred in connection with the acquisition of assets (excluding Operating
  Leases), including, without limitation, Debt permitted by clause (k) of Section 10.1, (b)&nbsp;all
  payments in respect of clause (a) above required to be made within one year following the date of
  any determination of Total Debt, if the obligation to make such payments shall constitute a current
  liability of the obligor under GAAP, (c)&nbsp;all Capitalized Rentals of such Person, (d)&nbsp;any
  and all other Debt for borrowed money (other than undrawn Bank Letters of Credit) and (e)&nbsp;the
  face amount of all letters of credit (including, without limitation, Bank Letters of Credit) on which
  the Company or any Subsidiary is the account party, unless any such letters of credit (including,
  without limitation, Bank Letters of Credit) and related fees are fully cash collateralized.</FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>23</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(III)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> The definitions of &#147;Attributable Debt&#148;, &#147;Consolidated Assets&#148;, &#147;Consolidated
  Capitalization&#148;, &#147;Consolidated Fixed Charges&#148;, &#147;Consolidated Indebtedness&#148;,
&#147;Consolidated Interest Expense&#148;, &#147;Consolidated Lease Rental Expense&#148;, &#147;Consolidated
  Net Worth&#148;, &#147;Disposition Payment&#148; and &#147;Related Party Arrangement&#148; in Schedule
  B are deleted in their entirety.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=48>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(h)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B></B><B>Schedules.</B></FONT></TD>
</TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>The Schedules to the Note Agreements are amended by adding new Schedules 10.1(d), 10.1(e), 10.2, 10.10
  and 10.14, in the form of <U>Schedules</U> <U>10.1(d)</U>, <U>10.1(e)</U>, <U>10.2</U>, <U>10.10</U> and <U>10.14</U> attached hereto.</FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=justify><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>2.<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B>Representations and Warranties</B>. In order to induce each of you to enter into this Amendment, the Company hereby represents and warrants
as follows:</FONT></P></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=48>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(a)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B>Due Authorization; Non-contravention</B>. The execution, delivery and performance by the Company and each Subsidiary a party to the Guaranty
  Agreement (the &#147;<B>Subsidiary Guarantors</B>&#148;) of this Amendment, the Agreements as amended hereby, the Guaranty Agreement and the Sharing
  Agreement, as applicable, have in each case been duly authorized by all necessary corporate, limited
  liability company or partnership action, as applicable, and do not and will not (i)&nbsp;contravene
  the terms of the charter and by-laws or other organizational documents of the Company or any Subsidiary
  Guarantor, (ii)&nbsp;conflict with or result in any breach or contravention of, or the creation of
  any Lien under, any document evidencing any contractual obligation to which any such Person is a
  party or any order, injunction, writ or decree of any governmental authority binding on any such
  Person or its property, or (iii)&nbsp;violate any applicable law binding on or affecting any such Person.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=48>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(b)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B>Binding Effect</B>. This Amendment, the Agreements as amended hereby, the Guaranty Agreement and the Sharing Agreement
  constitute the legal, valid and binding obligations of the Company and the Subsidiary Guarantors,
  enforceable against such Persons in accordance with their respective terms, except as enforceability
  may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of
  creditors&#146; rights generally or by equitable principles of general applicability.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=48>&nbsp;</TD>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(c)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B>Representations and Warranties</B>. </FONT></TD>
</TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(I)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> The representations and warranties of the Company and the Subsidiary Guarantors set forth in the Agreements
  and the Guaranty Agreement are true and correct on and as of the date hereof, both before and after
  giving effect to this Amendment (except to the extent such representations and warranties expressly
  are limited to an earlier date, in which case such representations and warranties are true and correct
  on and as of such earlier date).</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(II)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> The Company has heretofore furnished the holders of Notes a true and correct copy of each of the Sears
  Agreements. The Company and each Subsidiary and, to the Company&#146;s knowledge, each other party
  to the Sears Agreements, has duly taken all necessary corporate, partnership or other </FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>24</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>organizational action to authorize the execution, delivery and performance of the Sears Agreements
  and the consummation of transactions contemplated thereby. Each of the Sears Agreements is in full
  force and effect and is the legal, valid and binding obligation of the Company and, to Company&#146;s
  knowledge, each other party to the Sears Agreements. None of the Sears Agreements have terminated
  or been subject to early termination or expired or not been renewed past their stated termination date.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(III)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> None of the Dormant Entities (A) have or hold any assets of any kind or nature other than the Capital
  Securities of a Subsidiary, (B) have any liabilities, obligations or Debt of any kind other than
  incidental corporate maintenance items, incidental tax liabilities, or (C) have any operations or
  employees. The complete and accurate legal name and state of formation of each Dormant Entity is
  fully, completely and accurately listed in the definition of &#147;Dormant Entity.&#148;</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=48>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(d)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B>No Defaults</B>. No Default or Event of Default exists under the Agreement, the Guaranty Agreement or any other agreement
  or instrument executed in connection therewith and no default or event of default exists under the
  Bank Agreement, any agreement or instrument executed in connection therewith or any other material
  contract or agreement to which the Company or any of the Subsidiary Guarantors is a party, and, to
  the Company&#146;s knowledge, no such default or event of default is imminent. </FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=justify><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>3.<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B>Miscellaneous</B>.</FONT></P></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=48>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(a)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B>Effect on Agreement</B>. On and after the effective date of this Amendment, each reference in the Agreements to &#147;this
  Agreement&#148;, &#147;the Other Agreements&#148;, &#147;hereunder&#148;, &#147;hereof&#148;, or
  words of like import referring to the Agreements and each reference in the Notes and all other documents
  executed in connection with the Agreements to &#147;the Agreement&#148;, &#147;the Other Agreements&#148;,
&#147;the Note Agreements&#148;, &#147;thereunder&#148;, &#147;thereof&#148;, or words of like import
  referring to the Agreements shall mean the Agreements as amended by this Amendment. The Agreements,
  as amended by this Amendment, each is and shall continue to be in full force and effect and are hereby
  in all respects ratified and confirmed.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=48>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(b)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B>Counterparts</B>. This Amendment may be executed in any number of counterparts (including those transmitted by facsimile)
  and by any combination of the parties hereto in separate counterparts, each of which counterparts
  shall be an original and all of which taken together shall constitute one and the same Amendment.
  Delivery of this Amendment may be made by facsimile transmission of a duly executed counterpart copy
  hereof.</FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>25</FONT></P>
<B></B></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=48>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(c)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B>Effectiveness</B>. This Amendment shall become effective, as of the date first written above, when and if each of the
  conditions set forth in this subparagraph (c) shall have been satisfied.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(I)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <B>Amendment. </B>Counterparts of this Amendment shall have been executed by the Company and each holder of Notes and
  shall have been delivered to each holder of Notes.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(II)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <B>Guaranty Agreement</B>. Each holder of Notes shall have received the Guaranty Agreement in substantially the form of <U>Exhibit A</U> attached hereto, executed and delivered by each Subsidiary (other than the Dormant Entities and the
  Canadian Entities).</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(III)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <B>Sharing Agreement</B>. Each holder of Notes shall have received counterparts of the Sharing Agreement, executed and delivered
  by each other holder of Notes and the Bank Agent.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(IV)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <B>Resolutions</B>. Each holder of a Note shall have received a certified copy of the resolutions of the Board of Directors
  of the Company and each Subsidiary Guarantor, authorizing the execution and delivery of this Amendment
  and the Guaranty Agreement, as applicable, and of all documents evidencing other necessary corporate
  action and governmental approvals, if any, with respect to this Amendment and the Guaranty Agreement.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(V)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <B>Secretary&#146;s Certificate and Constitutive Documents</B>. Each holder of a Note shall have received a certificate of the Secretary or an Assistant Secretary
  and one other officer of the Company and each Subsidiary Guarantor, certifying (A) the names and
  true signatures of the officers of the Company or such Subsidiary, as applicable, authorized to sign
  this Amendment or the Guaranty Agreement, as applicable, and the other documents to be delivered
  hereunder and (B) the Certificate of Incorporation and By-laws (or equivalent organizational documents)
  of the Company or such Subsidiary attached thereto.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(VI)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <B>Legal Opinion</B>. Each holder of Notes shall have received a favorable opinion of McDermott Will &amp; Emery LLP (or
  such other counsel designated by the Company and acceptable to the Required Holders), reasonably
  satisfactory to such holder of Notes and as to such matters as such holder of Notes or its counsel
  may reasonably request (including, without limitation, an opinion as to the enforceability of this
  Amendment, the Agreements as amended hereby, and the Guaranty Agreement). The Company hereby directs
  such counsel to deliver such opinion, and understands and agrees that each holder of Notes receiving
  such an opinion will and is hereby authorized to rely on such opinion.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(VII)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <B>Bank Agreement</B>. The Bank Agreement shall have been executed by all parties thereto, a final copy and execution pages
  thereof shall have been delivered to each holder of Notes, and the Bank Agreement and the other Bank
</FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>26</FONT></P></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR vAlign=top>
<TD width="600"><BR>
<P align=center><FONT face="TIMES NEW ROMAN, TIMES, SERIF" size=2></FONT></P>
<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
<P style="PAGE-BREAK-AFTER: always"></P><BR>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>Debt Documents shall be in form and substance satisfactory to each holder of Notes and in full force
  and effect.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(VIII)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <B>Representations and Warranties</B>. Each of the representations and warranties made in the Agreements and this Amendment shall be true
  and correct on and as of the date hereof, both before and after giving effect to this Amendment.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(IX)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <B>Amendment Fee</B>. The Company shall have paid by wire transfer of immediately available funds to each holder of Notes
  such holder&#146;s ratable portion of $38,520. </FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=96>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(X)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <B>Fees and Expenses of Counsel</B>. The Company shall have paid the fees, costs and expenses incurred by external counsel to the holders
  of Notes in connection with the preparation, negotiation, execution and delivery of this Amendment
  and all transactions contemplated hereby.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top width=48>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(d)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <B>Expenses</B>. The Company confirms its agreement, pursuant to Section 15 of the Agreements, to pay promptly, in
  addition to the fees and expenses of counsel contemplated by the foregoing clause (c)(X), all other
  expenses of the undersigned holders of Notes related to the preparation, reproduction, execution
  and delivery of this Amendment and all matters contemplated hereby, including without limitation
  all fees and expenses of counsel to such parties. </FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=48>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(e)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <B>Governing&nbsp;Law</B>. THIS AMENDMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES
  SHALL BE GOVERNED BY, THE LAW OF THE STATE OF NEW YORK.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=48>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(f)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <B>Headings</B>. The headings of the various paragraphs and subparagraphs of this Amendment are for convenience&nbsp;of
  reference only and shall not modify, define, expand or limit any of the terms or provisions hereof.</FONT></div></TD></TR>
<TR>
<TD vAlign=top></TD>
<TD vAlign=top>&nbsp;</TD></TR>
<TR>
<TD vAlign=top width=48>&nbsp;</TD>
<TD vAlign=top><div align="justify"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman, Times, Serif" size=2>(g)<FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <B>FINAL AGREEMENT</B>. THE AGREEMENTS, AS AMENDED BY THIS AMENDMENT, TOGETHER WITH THE GUARANTY AGREEMENT, THE SHARING AGREEMENT
  AND THE OTHER NOTE DOCUMENTS, REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED
  BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
  UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.</FONT></div></TD></TR></TABLE>
<TABLE cellSpacing="0" cellPadding="0" width="600" border="0">

<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR>
<TD vAlign=top>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>[<I>Remainder of this page blank; signature page follows.</I>]</FONT></P>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>27</FONT></P></TD></TR></TABLE>
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<TR vAlign=top>
<TD width="600"><BR>
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<HR color=gray noShade SIZE=5>
</TD></TR></TABLE>
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<TD>
<P align=justify><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you agree to the terms and provisions hereof, please evidence your agreement by executing and returning
a counterpart of this Amendment to CPI Corp., 1706 Washington Avenue, St. Louis, Missouri&nbsp;63103,
Attention: Mr. Gary Douglass, Executive Vice President/Chief Financial Officer.</FONT></P></TD></TR>
<TR>
<TD vAlign=top><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR></TABLE>
<table width="600" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="50%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td colspan="2"><font face="Times New Roman, Times, serif" size=2>Very truly
      yours,</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td colspan="2"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td colspan="2"><font face="Times New Roman, Times, serif" size=2><b>CPI CORP.</b></font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td colspan="2"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td colspan="2"><font face="Times New Roman, Times, serif" size=2>By: /s/
      &nbsp;&nbsp; Gary W. Douglass</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td colspan="2">
      <hr size="1" noshade>
    </td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td width="8%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font face="Times New Roman, Times, serif" size=2>Gary W. Douglass</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font face="Times New Roman, Times, Serif" size=2>Treasurer</font></td>
  </tr>
</table>
<table width="600" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td colspan="3"><font face="Times New Roman, Times, serif" size=2>Agreed as of the date first above written:</font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td colspan="3"><font face="Times New Roman, Times, serif" size=2><b>THE PRUDENTIAL INSURANCE COMPANY OF AMERICA</b></font></td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"><font face="Times New Roman, Times, serif" size=2>By: /s/ William Bulmer</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"><hr align="left" width="200" size="1" noshade></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font face="Times New Roman, Times, serif" size=2>William Bulmer</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font face="Times New Roman, Times, serif" size=2>Vice President</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"><font face="Times New Roman, Times, serif" size=2><b>THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA</b></font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"><font face="Times New Roman, Times, serif" size=2>By: /s/ Brian Keating</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"><hr align="left" width="200" size="1" noshade></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font face="Times New Roman, Times, serif" size=2>Brian Keating</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font face="Times New Roman, Times, serif" size=2>Director, Fixed Income</font></td>
    <td>&nbsp;</td>
  </tr>
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