INTERPOOL INC
EX-10.48
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>9
<FILENAME>interpool-ex1048_030906.htm
<DESCRIPTION>EX-10.48
<TEXT>
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<TITLE>Ex-10.48 </TITLE>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>AMENDMENT NO. 1</B></FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>to that certain </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>REVOLVING CREDIT AGREEMENT</B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This<B>
AMENDMENT NO. 1 </B>(this &#147;<U>Amendment</U>&#148;), dated as of February [__], 2006,
is by and among <B>CONTAINER APPLICATIONS INTERNATIONAL, INC.</B>, a Nevada corporation
(the &#147;<U>Borrower</U>&#148;), the guarantors listed on the signature pages hereto
(each a &#147;<U>Guarantor</U>&#148; and collectively, the &#147;<U>Guarantors</U>&#148;),
<B>BANK OF AMERICA, N.A.</B>, (&#147;<U>Bank of America</U>&#148;) and the other
lending institutions from time to time party to the Credit Agreement referred to below
(collectively, the &#147;<U>Lenders</U>&#148;), Bank of America, as administrative agent
for itself and the other Lenders (in such capacity, the &#147;<U>Administrative</U>
<U>Agent</U>&#148;), <B>LASALLE BANK NATIONAL ASSOCIATION</B>, as syndication agent for
itself and the other Lenders (in such capacity, the &#147;<U>Syndication</U>
<U>Agent</U>&#148;) and <B>UNION BANK OF CALIFORNIA, N.A., </B>as co-agent for itself and
the other Lenders (in such capacity, the &#147;<U>Co-Agent</U>&#148; and together with the
Administrative Agent and the Syndication Agent, the &#147;<U>Agents</U>&#148;).
Capitalized terms used herein without definition shall have the respective meanings
provided therefor in the Credit Agreement referred to below. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS,</B>
the Borrower, the Lenders and the Agents are parties to that certain Revolving Credit
Agreement, dated as of April 28, 2005 (as heretofore amended and in effect on the date
hereof, the &#147;<U>Credit Agreement</U>&#148;), pursuant to which the Lenders, upon
certain terms and conditions, have agreed to make loans and otherwise extend credit to the
Borrower; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS,</B>
the Borrower has requested that the Agents and the Lenders amend certain of the terms and
provisions of the Credit Agreement as set forth herein; and </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS,</B>
subject to the terms and conditions set forth herein, the Agents and the Lenders party
hereto have agreed amend the Credit Agreement as hereinafter provided. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>NOW
THEREFORE,</B> the parties hereto hereby agree as follows: </FONT></P>

     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&sect;1.</B>&nbsp;&nbsp;
          <B><U>Amendments to Credit Agreement</U>.</B> Subject to the satisfaction
          of the conditions precedent set forth in &sect;5 below, the Credit Agreement is
          hereby amended as follows: </FONT></P>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;
               The definition of &#147;Consolidated Total Debt Service&#148; in Section 1.1 of
               the Credit Agreement is hereby amended by deleting the parenthetical phrase
               &#147;(excluding the Closing Interpool Repayment)&#148; in clause (a) of such
               definition and substituting the parenthetical phrase &#147;(excluding the
               Closing Interpool Repayment and any prepayment of the Interpool Subordinated
               Debt permitted under this Agreement)&#148; in lieu thereof. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;
               Section 9.8 of the Credit Agreement is hereby amended by deleting the text
               &#147;(ii) at the time of such prepayment, the ratio of (x) Senior Funded Debt
               to (y) Consolidated Adjusted Tangible Net Worth at such time shall not exceed
               2.50:1.00&#148; in the <I>proviso</I> in clause (d) in the second sentence of
               such Section 9.8 and substituting the following language in lieu thereof:
               &#147;(ii) at the time of such prepayment, the ratio of (x) Senior Funded Debt
               to (y) Consolidated Adjusted Tangible Net Worth at such time shall not exceed
               (A) at any time prior to June 30, 2007, 3.00:1.00 or (B) at any time on or after
               June 30, 2007, 2.50:1.00&quot;. </FONT></P></TD>
               </TR>
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               <BR>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;
               Section 10.4 of the Credit Agreement is hereby amended by deleting the following
               sentence appearing at the end of such Section 10.4: </FONT></P></TD>
               </TR>
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               <BR>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&#147;Notwithstanding
the foregoing, in the event that the Borrower prepays (in whole or in part) the
outstanding amount of Interpool Subordinated Debt (other than the Closing Interpool
Repayment), the Borrower will not permit the ratio of (a) Senior Funded Debt to (b)
Consolidated Adjusted Tangible Net Worth, as at any date of determination occurring on or
after the date that such prepayment is made, to exceed 2.50:1.00.&#148; </FONT></TD>
</TR>
</TABLE>
<BR>

     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&sect;2.</B>&nbsp;&nbsp;
          <B><U>Effectiveness</U>. </B>Upon the satisfaction of the condition precedent
          set forth in &sect;5 below, the amendments provided for herein shall take effect
          as of the date hereof. </FONT></P>

     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&sect;3.</B>&nbsp;&nbsp;
          <B><U>Representations</U> <U>and</U> <U>Warranties</U>.</B> Each of the Borrower
          and the Guarantors, as the case may be, represents and warrants to the Lenders
          and the Agents as follows: </FONT></P>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;
               <U>Representations</U> <U>and</U> <U>Warranties</U> <U>in</U> <U>Credit</U>
               <U>Agreement</U>. The representations and warranties of the Borrower contained
               in the Credit Agreement were true and correct in all material respects when
               made, and continue to be true and correct in all material respects on the date
               hereof. </FONT></P></TD>
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               <BR>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;
               <U>Authority</U>, <U>Etc</U>. The execution and delivery by each of the Borrower
               and the Guarantors of this Amendment and the performance by each of the Borrower
               and the Guarantors of all of its respective agreements and obligations of this
               Amendment and the other documents delivered in connection therewith
               (collectively, the &#147;<U>Amendment</U> <U>Documents</U>&#148;), the Credit
               Agreement as amended hereby and the other Loan Documents (i) are within the
               corporate or company authority of the Borrower or such Guarantor, (ii) have been
               duly authorized by all necessary corporate or company proceedings by the
               Borrower and such Guarantor, (iii) do not conflict with or result in any breach
               or contravention of any provision of law, statute, rule or regulation to which
               the Borrower or such Guarantor is subject or any judgment, order, writ,
               injunction, license or permit applicable to the Borrower or such Guarantor, (iv)
               do not conflict with any provision of the Governing Documents of, or any
               agreement or other instrument binding upon, the Borrower or such Guarantor, and
               (v) do not require the approval or consent of, or filing with, any Person other
               than those already obtained. </FONT></P></TD>
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               <BR>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;
               <U>Enforceability</U> <U>of</U> <U>Obligations</U>. The Amendment Documents, the
               Credit Agreement as amended hereby, and the other Loan Documents constitute the
               legal, valid and binding obligations of the Borrower or such Guarantor,
               enforceable against the Borrower or such Guarantor in accordance with their
               respective terms. </FONT></P></TD>
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               <BR>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;
               <U>No</U> <U>Default</U>. Immediately after giving effect to this Amendment, no
               Default or Event of Default exists under the Credit Agreement or any other Loan
               Document. </FONT></P></TD>
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               <BR>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&sect;<B>4.&nbsp;&nbsp;
<U>Affirmation of Borrower and Guarantors</U>.</B></FONT></P>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;
               The Borrower hereby affirms its absolute and unconditional promise to pay to
               each Lender and the Agents the Revolving Credit Loans, the Swing Line Loans, the
               Reimbursement Obligations and all other amounts due under the Revolving Credit
               Notes, the Letters of Credit, the Credit Agreement as amended hereby, and the
               other Loan Documents, at the times and in the amounts provided for therein. The
               Borrower confirms and agrees that (i) the obligations of the Borrower to the
               Lenders and the Agents under the Credit Agreement as amended hereby are secured
               by and entitled to the benefits of the Security Documents and (ii) all
               references to the term &#147;Credit Agreement&#148; in the Security Documents
               and the other Loan Documents shall hereafter refer to the Credit Agreement as
               amended hereby. </FONT></P></TD>
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               <BR>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;
               Each of the undersigned Guarantors hereby acknowledges that it has read and is
               aware of the provisions of this Amendment. Each of the Guarantors hereby
               reaffirms its absolute and unconditional guaranty of the Borrower&#146;s payment
               and performance of its obligations to the Lenders and the Agents under the
               Credit Agreement as amended hereby. Each of the Guarantors hereby confirms and
               agrees that all references to the term &#147;Credit Agreement&#148; in that
               certain Guaranty, dated as of April 28, 2005, made by each of the Guarantors in
               favor of the Administrative Agent for the benefit of the Administrative Agent
               and the Lenders, shall hereafter refer to the Credit Agreement as amended
               hereby. </FONT></P></TD>
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               <BR>

     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&sect;5.</B>&nbsp;&nbsp;
          <B><U>Conditions</U> <U>to</U> <U>Effectiveness</U>.</B> The amendments provided
          for herein shall take effect as of the date of this Amendment, upon receipt by
          the Administrative Agent of a counterpart signature page to this Amendment, duly
          executed and delivered by each of the Borrower, the Guarantors, the Required
          Lenders<B> </B>and the Administrative Agent, and in full force and effect. </FONT></P>

     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&sect;6.</B>&nbsp;&nbsp;
          <B><U>Miscellaneous</U> <U>Provisions</U>.</B> This Amendment shall constitute
          one of the Loan Documents referred to in the Credit Agreement. Except as
          otherwise expressly provided by this Amendment, all of the terms, conditions and
          provisions of the Credit Agreement shall remain the same. It is declared and
          agreed by each of the parties hereto that the Credit Agreement, as amended
          hereby, shall continue in full force and effect, and that this Amendment and the
          Credit Agreement shall be read and construed as one instrument. Nothing
          contained in this Amendment shall be construed to imply a willingness on the
          part of the Lenders or the Agents to grant any similar or other future amendment
          of any of the terms and conditions of the Credit Agreement or the other Loan
          Documents or shall in any way prejudice, impair or effect any rights or remedies
          of the Lenders and the Agents under the Credit Agreement or the other Loan
          Documents. <B>THIS AMENDMENT SHALL BE CONSTRUED ACCORDING TO AND GOVERNED BY THE
          LAWS OF THE STATE OF NEW YORK AND SHALL FOR ALL PURPOSES BE CONSTRUED IN
          ACCORDANCE WITH AND GOVERNED BY THE LAWS OF SAID STATE (EXCLUDING THE LAWS
          APPLICABLE TO CONFLICTS OR CHOICE OF LAW (OTHER THAN THE NEW YORK GENERAL
          OBLIGATIONS LAW &sect;5-1401)). </B>This Amendment may be executed in any number
          of counterparts, but all such counterparts shall together constitute but one
          instrument. Delivery of an executed signature page of this Amendment by
          facsimile transmission shall be effective as delivery of a manually executed
          counterpart thereof. In making proof of this Amendment it shall not be necessary
          to produce or account for more than one counterpart signed by each party hereto
          by and against which enforcement hereof is sought. Headings or captions used in
          this Amendment are for convenience of reference only and shall not define or
          limit the provisions hereof. The Borrower hereby agrees to pay to the
          Administrative Agent on demand all reasonable costs and expenses incurred or
          sustained by the Administrative Agent in connection with the preparation of this
          Amendment (including reasonable legal fees and disbursements of the
          Administrative Agent&#146;s Special Counsel). </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>IN
WITNESS WHEREOF</B>, the parties hereto have executed this Amendment as an agreement as of
the date first written above. </FONT></P>

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<TD WIDTH=50%></TD>
<TD WIDTH=50%><B>CONTAINER APPLICATIONS<BR>
INTERNATIONAL, INC.</B><BR>
<BR>
<BR>
By: <U>&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;&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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: M. Nishibori<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: CFO<BR>
<BR>
<BR>
<B>CONTAINER APPLICATIONS<BR>
INTERNATIONAL (U.K.), LTD.,</B><BR>
as Guarantor<BR>
<BR>
<BR>
By: <U>&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;&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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: M. Nishibori<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Director<BR>
<BR>
<BR>
<B>CONTAINER APPLICATIONS<BR>
INTERNATIONAL (MALAYSIA) SDN<BR>
BHD</B>, as Guarantor<BR>
<BR>
<BR>
By: <U>&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;&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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: M. Nishibori<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Authorized Representative<BR>
<BR>
<BR>
<B>CONTAINER APPLICATIONS<BR>
INTERNATIONAL CORPORATION,</B><BR>
as Guarantor<BR>
<BR>
<BR>
By: <U>&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;&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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: M. Nishibori<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Director<BR>
<BR>
<BR>
<B>SKY CONTAINER TRADING<BR>
LIMITED</B>, as Guarantor<BR>
<BR>
<BR>
By: <U>&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;&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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: M. Nishibori<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Director<BR>
<BR>
<BR>
<B>SKY DOMESTIC CONTAINER<BR>
LEASING LIMITED</B>, as Guarantor<BR>
<BR>
<BR>
By: <U>&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;&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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: M. Nishibori<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Director<BR>
<BR>
<BR>
<B>BANK OF AMERICA, N.A.</B>, as<BR>
Administrative Agent<BR>
<BR>
<BR>
By: <U>&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;&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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:<BR>
<BR>
<BR>
<B>BANK OF AMERICA, N.A.</B>, as Lender,<BR>
Swing Line Lender and L/C Issuer<BR>
<BR>
<BR>
By: <U>&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;&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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:<BR>
<BR>
<BR>
<B>LASALLE BANK NATIONAL<BR>
ASSOCIATION</B>, as a Lender and as<BR>
Syndication Agent<BR>
<BR>
<BR>
By: <U>&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;&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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:<BR>
<BR>
<BR>
<B>UNION BANK OF CALIFORNIA, N.A.</B>,<BR>
as a Lender and as Co-Agent<BR>
<BR>
<BR>
By: <U>&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;&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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:<BR>
<BR>
<BR>
<B>CALIFORNIA BANK &amp; TRUST</B>, as a<BR>
Lender<BR>
<BR>
<BR>
By: <U>&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;&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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:<BR>
<BR>
<BR>
<B>COMERICA BANK</B>, as a Lender<BR>
<BR>
<BR>
By: <U>&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;&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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:<BR>
<BR>
<BR>
<B>NATEXIS BANQUES POPULAIRES</B>, as a<BR>
Lender<BR>
<BR>
<BR>
By: <U>&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;&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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:<BR>
<BR>
<BR>
By: <U>&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;&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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:<BR>
<BR>
<BR>
<B>ING BANK NV</B>, as a Lender<BR>
<BR>
<BR>
By: <U>&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;&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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:<BR>
<BR>
<BR>
By: <U>&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;&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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:<BR>
<BR>
<BR>
<B>FLEET NATIONAL BANK</B>, as L/C Issuer of<BR>
Existing Letters of Credit<BR>
<BR>
<BR>
By: <U>&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;&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;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:</TD>
</TR>
</TABLE>
<BR>


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