U S PLASTIC LUMBER CORP
3RD AMENDMENT TO JUNIOR PARTICIPATION AGREEMENT
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<TYPE>EX-10.3
<SEQUENCE>5
<FILENAME>g85576exv10w3.htm
<DESCRIPTION>3RD AMENDMENT TO JUNIOR PARTICIPATION AGREEMENT
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<TITLE>3RD AMENDMENT TO JUNIOR PARTICIPATION AGREEMENT</TITLE>
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<P align="right"><FONT size="2"><B>Exhibit&nbsp;10.3</B></FONT>

<P align="center"><FONT size="2"><B>THIRD AMENDMENT TO JUNIOR PARTICIPATION AGREEMENT</B></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Third Amendment to Junior Participation Agreement (this &#147;Amendment&#148;)
dated as of October&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2003, is entered into between GUARANTY BUSINESS CREDIT
CORPORATION, a Delaware corporation (&#147;GBCC&#148;), and SCHULTES, INC., a New Jersey
Corporation (together with its successors and any permitted assigns)
collectively the &#147;Participant.&#148;
</FONT>
<P align="center"><FONT size="2"><B>RECITALS:</B></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GBCC and U.S. Plastic Lumber Ltd., a Delaware Corporation (&#147;Company&#148;),
have entered into that certain Loan and Security Agreement dated as of December
19, 2002 (as amended, modified and restated from time to time, including,
without limitation, by the &#147;Second Amendment&#148; as hereinafter defined,
collectively, the &#147;Loan Agreement&#148;).
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company and Participant have entered into that certain Junior
Participation Agreement dated as of August&nbsp;7, 2003 (as amended, modified and
restated from time to time, the &#147;Participation Agreement&#148;) providing for the
sale by GBCC to Participant and the purchase by Participant from GBCC of an
undivided subordinated participation interest in certain loans by GBCC to
Company in an aggregate amount of up to One Million Seven Hundred Fifty
Thousand Dollars ($1,750,000) under a special advance subline under the Loan
Agreement.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company and Participant have requested that GBCC increase such special
advance subline from One Million Seven Hundred Fifty Thousand Dollars
($1,750,000) to Two Million Dollars ($2,000,000) and that GBCC sell to
Participant an undivided subordinated participation interest in any loans made
by GBCC under such increased special advance subline.
</FONT>
<P><FONT size="2"><B>NOW, THEREFORE, </B>in consideration of the foregoing and the mutual agreements
contained herein, the parties hereto agree as follows:
</FONT>
<P><FONT size="2"><U>Definitions.</U> As used in this Amendment:
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&#147;Second
Amendment&#148;</U> means that certain Second Amendment to Loan and
Security Agreement and Limited Waiver of Defaults of July&nbsp;25, 2003 between GBCC
and Company, as modified, supplemented, restated or modified from time to time.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&#147;Special
Advance Subline&#148;</U> shall have the meaning set forth in the Second
Amendment, as amended, supplemented, restated or modified from time to time.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All capitalized terms used but not defined herein shall have the meanings
given thereto in the Participation Agreement and, if not defined therein, in
the Loan Agreement.
</FONT>
<P align="center"><FONT size="2">1</FONT>
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<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Sale
and Purchase of Participation Interest.</U> The Participation
Agreement is hereby amended to provide that GBCC hereby grants to Participant a
100% participation interest in the Special Advances in a total amount up to but
not exceeding Two Million Dollars ($2,000,000), inclusive of Participant&#146;s
existing participation interest in the Special Advances made prior to the date
hereof. In consideration of the Participant&#146;s purchase of the Participation
Interest in the Special Advances, the Participant irrevocably and
unconditionally agrees to pay to GBCC the aggregate amount of up to Two Million
Dollars ($2,000,000), inclusive of any amounts paid to GBCC prior to the date
hereof, in immediately available funds on the Funding Date in accordance with
paragraph 7 of the Second Amendment.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reaffirmation
of Participation Agreement.</U> Except as amended hereby, the
Participation Agreement and each other agreement, instrument and document
executed by Participant in connection therewith in favor of GBCC remain in full
force and effect and are hereby ratified and confirmed by the Participant.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Independent
Credit Decision.</U> The Participant hereby (a)&nbsp;acknowledges
that it has received such documents and information as Participant has deemed
appropriate to make its own independent credit and legal analysis and decision
to enter into this Amendment, and (b)&nbsp;agrees that it will, independently and
without reliance upon GBCC, and based on such documents and information as it
shall deem appropriate at the time, continue to make its own credit and legal
analysis in connection with the rights and interests purchased by the
Participant under the Participation Agreement, as amended hereby. The
Participant acknowledges that GBCC has made no representations or warranties,
express or implied, as to the loans, the letters of credit, the Company, the
Transaction Documents, the collateral or the transactions thereunder, or the
legal validity, enforceability or collectibility thereof.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Representations
and Warranties.</U>
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        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;GBCC makes no representation or warranty and assumes no responsibility
with respect to any statements, warranties, or representations made in or in
connection with the Transaction Documents or the execution, legality, validity,
enforceability, genuineness, sufficiency, or value of the Loan Agreement or any
other Loan Document, makes no representation or warranty in connection with,
and assumes no responsibility with respect to, the solvency, financial
condition, or statements of the Company or any Guarantor or the performance or
observance by any of the Company or any Guarantor of such obligations under any
of the Transaction Documents.</FONT></TD>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Participant hereby represents and warrants that: (i)&nbsp;it is duly
organized and existing and has full power and authority to take, and has taken,
all action necessary to execute and deliver this Amendment and any other
documents required or permitted to be executed or delivered by it in connection
with this Amendment, and in fulfillment of its obligations hereunder; (ii)&nbsp;no
notices to, or consents, authorizations, or approvals of, any Person are
required for its due execution, delivery, and performance of this Amendment,
and no further action by, or notice to, or filing with, any Person is required
of it for such execution, delivery or performance; (iii)&nbsp;the financial
accommodations afforded to the Company as a result of the Participant&#146;s
entering into and performing this Amendment inure to the benefit of</FONT></TD>
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<P align="center"><FONT size="2">2</FONT>
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        <TD><FONT size="2">the Participant, and the Participant will receive direct and indirect benefit
from the execution of this Amendment, (iv)&nbsp;this Amendment has been duly
executed and delivered by the Participant and constitutes the legal, valid, and
binding obligation of the Participant, enforceable against the Participant in
accordance with the terms hereof subject, as to enforcement, to bankruptcy,
insolvency, moratorium, reorganization, and other laws of general application
relating to or affecting creditors&#146; rights and to general equitable principles,
(v)&nbsp;the Participant&#146;s execution and delivery of this Amendment and performance
of and compliance with the terms hereof will not constitute a default (or an
event which with notice or lapse of time or both would constitute a default)
under, or result in the breach of, any material contract, agreement or
instrument to which the Participant is a party or which may be applicable to
the Participant or any of its assets, (vi)&nbsp;the Participant is currently
informed of the financial condition of each of the Company and any and all
other persons obligated in respect of the Obligations and of all other
circumstances which a diligent inquiry would reveal and which bear upon the
risk of nonpayment of the Obligations, (vii)&nbsp;the Participant has had an
opportunity to review the books and records of the Company and is familiar with
the value of the collateral, and has adequate means to obtain, on a continuing
basis, information concerning the financial condition of the Company or any
Guarantor, (viii)&nbsp;GBCC has not made any representation, warranty or statement
to the Participant in order to induce the Participant to execute this
Amendment, (ix)&nbsp;the Participant is purchasing the Participation hereunder for
its own account in respect of a commercial transaction made in the ordinary
course of its business and not with a view to or in connection with any
subdivision, resale, or distribution thereof and (x)&nbsp;the Participant can bear
the economic risk related to the purchase of the Participation Interest.</FONT></TD>
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<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Effective
Date; Conditions; Deliveries.</U>
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        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;This Amendment shall be effective on the date that the following
conditions precedent shall have been satisfied:</FONT></TD>
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        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;this Amendment shall be executed and delivered by GBCC, the
Participant, the Company and all Guarantors; and</FONT></TD>
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        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;the Letter Agreement dated as of even date herewith between GBCC and
Company has been fully executed and delivered and the conditions precedent
thereunder have been satisfied.</FONT></TD>
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        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Promptly following the execution of this Amendment each party to this
Amendment shall deliver to the other an executed counterpart of this Amendment.</FONT></TD>
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<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Equivalent
Value.</U> The Participant acknowledges and agrees that the
value of the benefits sold, transferred and assigned to the Participant
pursuant to this Amendment equals or exceeds the amount payable by the
Participant in consideration therefor.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>INDEMNIFICATION.</U> THE PARTICIPANT HEREBY UNCONDITIONALLY AND IRREVOCABLY
AGREES TO INDEMNIFY GBCC, AND ITS RESPECTIVE OFFICERS, EMPLOYEES AND
REPRESENTATIVES, AND THEIR RESPECTIVE SUCCESSORS AND ASSIGNS (EACH AN
&#147;INDEMNIFIED PERSON&#148;), WITH RESPECT TO AND HOLD SUCH PERSONS HARMLESS FROM ANY
AND ALL CLAIMS, LOSS,
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<P><FONT size="2">LIABILITY AND DEMANDS OF ANY KIND (INCLUDING, WITHOUT LIMITATION, ALL COSTS AND
EXPENSES ARISING IN CONNECTION THEREWITH, INCLUDING REASONABLE ATTORNEYS&#146; FEES)
BY ANY PERSON OR ENTITY WHATSOEVER, ARISING OUT OF OR RELATING TO THE
PARTICIPANT&#146;S PURCHASE OF ITS PARTICIPATION INTEREST AS PROVIDED FOR HEREIN,
INCLUDING, WITHOUT LIMITATION, THE PARTICIPANT&#146;S MAKING OF SUCH PURCHASE OR ITS
RIGHT TO DO SO, THE FUNDS (OR THE SOURCE THEREOF) EMPLOYED BY THE PARTICIPANT
IN MAKING PAYMENT FOR SUCH PURCHASE, AND ANY CLAIMS OF ANY OTHER PERSON.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Miscellaneous.</U>
</FONT>
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        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Participant shall pay its own costs and expenses incurred in
connection with the negotiation, preparation, and execution of this Amendment
and performance of the Participation, as amended hereby.</FONT></TD>
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        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;This Amendment may be executed in any number of counterparts. A
telecopy of any such executed counterpart shall be deemed valid as an original.</FONT></TD>
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        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF CALIFORNIA. GBCC and Participant each irrevocably
submits to the non-exclusive jurisdiction of any court sitting in the State of
California, County of Los Angeles, over any suit, action, or proceeding arising
out of or relating to the Participation Agreement, as amended by this
Amendment, and irrevocably agrees that all claims in respect of such action or
proceeding may be heard and determined in such court. Each party to this
Amendment hereby irrevocably waives, to the fullest extent it may effectively
do so, the defense of an inconvenient forum to the maintenance of such action
or proceeding.</FONT></TD>
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        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;GBCC, AND THE PARTICIPANT EACH HEREBY KNOWINGLY, VOLUNTARILY AND
INTENTIONALLY WAIVE ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY ACTION TO
ENFORCE, DEFEND, OR CONSTRUE THIS AMENDMENT.</FONT></TD>
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<P align="center"><FONT size="2">&#091;The next page is the signature page.&#093;</FONT>

<P align="center"><FONT size="2">4</FONT>
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<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS AMENDMENT HAS BEEN EXECUTED OUTSIDE THE STATE OF FLORIDA.
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<B>GUARANTY BUSINESS CREDIT CORPORATION:</B></FONT></TD>
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By: /s/ Greg Carisik</FONT></TD>
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Name: Greg Carisik</FONT></TD>
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(Please print)</FONT></TD>
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Title: Vice President</FONT></TD>
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<B>PARTICIPANT:<BR>
SCHULTES, INC., a New Jersey Corporation</B></FONT></TD>
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By: /s/ August C. Schultes III</FONT></TD>
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Name: August C. Schultes III</FONT></TD>
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Title: President</FONT></TD>
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By: /s/ Edward A. Schultes</FONT></TD>
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Name: Edward A. Schultes</FONT></TD>
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Title: Secretary/Treasurer</FONT></TD>
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<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned hereby agree and consent to the terms and conditions of
the foregoing Amendment.
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<B>U.S. PLASTIC LUMBER LTD</B></FONT></TD>
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By: /s/ Michael D. Schmidt</FONT></TD>
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Name: Michael D. Schmidt</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
(Please print)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Title: Treasurer</FONT></TD>
</TR>

<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<B>U.S. PLASTIC LUMBER IP CORPORATION<BR></B>
(Guarantor)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
By: /s/ Michael D. Schmidt</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Name: Michael D. Schmidt</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
(Please print)</FONT></TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Title: Treasurer</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<B>U.S. PLASTIC LUMBER CORP.<BR></B>
(Guarantor)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
By: /s/ Michael D. Schmidt</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Name: Michael D. Schmidt</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
(Please print)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Title: Chief Financial Officer</FONT></TD>
</TR>

<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<B>U.S. PLASTIC FINANCE CORPORATION<BR></B>
(Guarantor)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
By: /s/ Michael D. Schmidt</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Name: Michael D. Schmidt</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
(Please print)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Title: Treasurer</FONT></TD>
</TR>

<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
</TABLE>
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<P align="center"><FONT size="2">6</FONT>



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