CLARION TECHNOLOGIES INC/DE/
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<TYPE>EX-10
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<FILENAME>clarion10q1ex10z.htm
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CLARION TECHNOLOGIES, INC. FORM 10-Q EXHIBIT 10(z)
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>EXHIBIT 10(z)</B></font></p>
<BR>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>THIRD AMENDMENT<BR>

TO SENIOR SUBORDINATED LOAN DOCUMENTS</FONT></H1>
<BR>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
THIRD AMENDMENT TO SENIOR SUBORDINATED LOAN DOCUMENTS (the &#147;<U>Third
Amendment</U>&#148;) is made and entered into as of April 26, 2002, between
CLARION TECHNOLOGIES, INC., a Delaware corporation (the
&#147;<U>Company</U>&#148;), and its subsidiaries party hereto (the Company and
its subsidiaries are referred to individually as a &#147;<U>Loan Party</U>&#148;
and collectively as the &#147;<U>Loan Parties</U>&#148;), jointly and severally,
as borrowers; and WILLIAM BLAIR MEZZANINE CAPITAL FUND III, L.P., a Delaware
limited partnership (&#147;<U>WBMCF</U>&#148;), Emilie D. Wierda Living Trust
dated 3/1/94, William Beckman, Thomas Wallace, the Craig Wierda Grantor Retained
Annuity Trust, dated January 31, 1994, and the Emilie Wierda Grantor Retained
Annuity Trust, dated January 31, 1994, as the lenders. </FONT></P>

<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>R E C I T A L S</U></FONT></P>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to that certain
Senior Subordinated Loan Agreement dated as of July&#160;21, 2000 (the
&#147;<U>Original Loan Agreement</U>&#148;) between the Loan Parties and certain
other then existing subsidiaries of the Company (the <U>&#147;Original Loan
Parties</U>&#148;), as borrowers, and WBMCF, WBMCF purchased a promissory note
of the Original Loan Parties having a principal amount of $30,000,000. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On April 17, 2001,
pursuant to the First Amendment, the parties thereto agreed to amend selected
provisions of the Original Loan Agreement and Registration Rights Agreement and
to make provision for the purchase of the First Amendment Senior Subordinated
Notes of the Original Loan Parties by certain Lenders, having an aggregate
principal amount of $3,000,000. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On December 6, 2001,
pursuant to the Second Amendment (together with the Original Loan Agreement and
the First Amendment, the &#147;<U>Loan Agreement</U>&#148;), the parties thereto
agreed to amend selected provisions of the Loan Agreement and Registration
Rights Agreement and to make provision for the purchase of the Second Amendment
Senior Subordinated Secured Notes of the Original Loan Parties by certain
Lenders, having an aggregate principal amount of $3,400,000. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On January 14, 2002,
WBMCF consented to the consolidation (the &#147;<U>Consolidation</U>&#148;) of
certain Original Loan Parties pursuant to which the Loan Parties were the only
entities to continue their corporate or limited liability company, as may be
applicable, existence. Pursuant to the terms of the Consolidation, the Company
has assumed all of the obligations of the Original Loan Parties which were
dissolved as a result of the Consolidation (the &#147;<U>Dissolved Loan
Parties</U>&#148;), including, without limitation, all obligations of the
Dissolved Loan Parties under the Loan Agreement and all other Senior
Subordinated Loan Documents. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The aggregate amount of
principal and accrued interest outstanding owed by the Loan Parties to Lenders
pursuant to the Senior Subordinated Loan Documents as of the close of business
on the date hereof is set forth on <U>Schedule&#160;D</U> attached hereto. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior to the date
hereof, the Loan Parties and the Dissolved Loan Parties defaulted on certain
obligations to the Agent and Senior Lenders under a Credit Agreement by and
among Agent, Co-Agent and the other Senior Lenders dated February 29, 2000, as
amended by that certain First Amendment to Credit Agreement dated June 30, 2000,
that certain Second Amendment to Credit Agreement dated July 21, 2000, that
certain Third Amendment to Credit Agreement dated April 17, 2001, and that
certain Consent and Fourth Amendment to Credit Agreement dated December 6, 2001. </FONT></P>


<BR>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>    </FONT></P>
<BR>
<hr size=2>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with such
defaults, the Loan Parties and the Senior Lenders are entering into the Fifth
Amendment to Credit Agreement of even date herewith (the &#147;<U>Fifth
Amendment to Senior Loan Agreement</U>&#148;), pursuant to which Senior Lenders,
among other things, are agreeing, subject to the terms thereof, to extend the
maturity of the loans thereunder until June 28, 2002, to permit the Loan Parties
to continue to borrow under a decreased revolving credit facility, to provide
for a new schedule of installment payment of principal, to forego from charging
the default interest rate, to amend certain financial covenants contained
therein, and to refrain from enforcing their rights and remedies based on
existing defaults specifically enumerated therein. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On the date hereof, the Loan Parties are in default under the Loan Agreement and have requested, and
Lenders have agreed to waive such existing defaults.</font></p>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Loan Parties have further  requested,  and Lenders have agreed,  to amend  selected  provisions of the
Loan Agreement.</font></p>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based upon the foregoing
recitals, and without waiving any rights or remedies other than those expressly
waived herein, each Lender is willing to amend the terms of the Senior
Subordinated Loan Documents under the terms and conditions expressly set forth
herein. </FONT></P>

                                                <P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>A G R E E M E N T S</U></FONT></P>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, in consideration of the agreements set forth herein, and other good
and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows: </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Incorporation of Recitals</U>.  The foregoing  recitals are  incorporated  herein by reference and made a part
of this Third Amendment.</font></p>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>.  All capitalized  terms used herein without  definition shall have the meanings given to them
in the Loan Agreement.</font></p>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Defaults</U>. The
Loan Parties hereby acknowledge, confirm and agree that certain events have
occurred, continue to occur or are expected to occur as set forth on
<U>Schedule&#160;1</U> hereto (collectively, the &#147;<U>Existing
</U>Defaults&#148;), each of which presently constitutes an Event of Default or
Potential Event of Default and, subject to the terms of the Intercreditor
Agreement, entitles, or would entitle, Lender to exercise certain rights and
remedies under the Loan Agreement. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Waiver</U>. In
reliance upon the representations, warranties and covenants of the Loan Parties
contained in this Agreement and subject to the terms and conditions of this
Agreement and any documents or instruments executed in connection herewith,
Lender hereby agrees to waive any and all Existing Defaults through the date
hereof. The Loan Parties understand and agree that the waiver contained in this
<U>Section&#160;4</U> relates only to the Existing Defaults, which occurred
prior to and are existing and/or continuing as of, the date of this Third
Amendment, and that said waiver shall not be construed as Lender&#146;s waiver
of, or agreement to waive, any other Events of Default or Potential Events of
Default arising hereafter under the Loan Agreement or any other Senior
Subordinated Loan Document. Except as limited and/or modified by this Third
Amendment and by the documents executed and delivered in connection herewith,
the Loan Documents shall be deemed to be in full force and effect during the
period of the Agreement, and all provisions of the Loan Agreement relating to
the rights and remedies of Lender shall continue to be in effect until such time
as all Obligations have been paid in full. </FONT></P>

<BR>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>-2-</FONT></P>
<BR>
<hr size=2>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment of the Loan Agreement</U>.  Subject to the Loan Parties' performance of their obligations to
Lender hereunder on the date hereof, the parties hereto agree to amend the terms of the Loan Agreement as follows:</font></p>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following definition in Section 1.1 of the Loan Agreement shall be deleted in its entirety and replaced with the following:
</FONT></TD>
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"'<U>Senior Termination Date</U>' shall mean June 28, 2002."
</FONT></TD>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following schedules shall be deleted in their entirety and new schedules as
attached hereto and bearing corresponding numerical designations shall be
substituted therefor: <U>Schedule D</U> (Outstanding Principal and Accrued
Interest), <U>Schedule 1</U> (Existing Defaults), <U>Schedule 4.3</U>
(Capitalization), <U>Schedule </U> <U>4.10</U> (Subsidiaries), <U>Schedule
4.12</U> (Absence of Undisclosed Liabilities), <U>Schedule 4.21</U> (Affiliate
Transactions), <U>Schedule 6.1</U> (Certain Indebtedness), <U>Schedule 6.2</U>
(Liens), <U>Schedule 6.3</U> (Contingent Liabilities), <U>Schedule 6.7</U>
(Investments), <U>Schedule 6.10</U> (Transactions with Affiliates), and
<U>Schedule 7.1 </U> (Certain Executive Officers). The following schedules shall
be added to the Loan Agreement: <U>Schedule </U> <U>4.7</U> (Litigation),
<U>Schedule 4.14</U> (Tax Matters), and <U>Schedule 5.4</U> (Reporting
Requirements).
</FONT></TD>
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<BR>




<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Third Amendment  Conditions</U>.  The Third Amendment and the obligations of Lender  contemplated hereby shall
be governed by and subject to the following terms and conditions:</font></p>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
receipt of this Third Amendment to Senior Subordinated Loan Documents, duly executed by the Loan Parties;
</FONT></TD>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
receipt of the amendment to Intercreditor Agreement, duly executed by Senior Lenders;
</FONT></TD>
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<BR>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
receipt of the written opinion of Varnum, Riddering, Schmidt &amp; Howlett LLP,
counsel to the Loan Parties, dated as of the date hereof, in form and substance
satisfactory to Lender;
</FONT></TD>
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<BR>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
receipt of certified copies of all documents evidencing corporate or limited
liability company, as may be applicable, action taken by each Loan Party with
respect to the consummation of the transactions contemplated by this Third
Amendment, including but not limited to, resolutions of the Board of Directors
(or an equivalent governing body) of each Loan Party authorizing the execution,
delivery and performance by such Loan Party of this Third Amendment;
</FONT></TD>
</TR>
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<BR>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
receipt of a certificate of each Loan Party, signed by its chief executive
officer or president, to the effect that: (i) all of the representations and
warranties of such party contained in this Third Amendment are true and correct
as of the date hereof; (ii) such party has complied with and performed all of
the terms, covenants and agreements contained in the Senior Subordinated Loan
Documents which are to be complied with or performed by such party on or before
the date hereof; (iii) other than the Existing Defaults waived by the Lender
pursuant to the terms hereof, no Event of Default or Potential Event of Default
has occurred and is continuing; and (iv) no changes to the certificate of
incorporation or certification of designation or By-Laws (or equivalent
corporate governance documents) of any Loan Party have been made since December
6, 2001;
</FONT></TD>
</TR>
</TABLE>
<BR>

<BR>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>-3-</FONT></P>
<BR>
<hr size=2>

<BR><BR>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
receipt of (i) the Fifth Amendment to Senior Loan Agreement certified by the
President of the Loan Parties to be true and correct and in full force and
effect and (ii) any and all other documents, agreements, certificates and
instruments executed or delivered in connection therewith (collectively,
together with the Fifth Amendment to Senior Loan Agreement, the &#147;<U>Amended
Senior Loan Documents</U>&#148;) each in form and substance satisfactory to
Lenders in their sole discretion;
</FONT></TD>
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<BR>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
receipt of the execution and delivery or obtainment of such other instruments,
documents, agreements, certificates, instruments, consents, waivers, opinions
and information as Lender may reasonably request;
</FONT></TD>
</TR>
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<BR>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
payment of all legal fees and expenses of counsel to WBMCF related to the
process of amending the Original Loan Agreement (including all such fees and
expenses relating to the First Amendment, the Second Amendment and this Third
Amendment).
</FONT></TD>
</TR>
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<BR>



<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>The Company shall provide
the documents specified in (a) &#150; (h) in a form reasonably acceptable to
Lender. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Representations  and Warranties of the Loan Parties</U>.  As a further  inducement for WBMCF to consent to the
transactions contemplated by this Agreement, the Loan Parties hereby represent and warrant to Lender that:</font></p>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Loan Parties have the requisite power and authority to execute, deliver and
carry out this Agreement and the transactions contemplated hereby.
</FONT></TD>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The execution and delivery of this Agreement, the Fifth Amendment to Senior Loan
Agreement and the consummation by the Loan Parties of the transactions
contemplated hereby or thereby has been duly authorized by all necessary action
and other consents, approvals and the like required on the part of the Loan
Parties.
</FONT></TD>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Neither the execution and delivery by the Loan Parties of this Third Amendment
or the Amended Senior Loan Documents nor the consummation of the transactions
contemplated hereby or thereby, nor compliance by the Loan Parties with the
terms, conditions and provisions hereof or thereof, shall:
</FONT></TD>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
conflict with or result in a breach of the terms, conditions or provisions of;
</FONT></TD>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
constitute a default under;
</FONT></TD>
</TR>
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<BR>

<BR>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>-4-</FONT></P>
<BR>
<hr size=2>

<BR><BR>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
result in the creation of any lien, security interest, charge or encumbrance
upon its capital stock or assets pursuant to (except those arising pursuant to
the Security Agreement or the Mortgage Agreements);
</FONT></TD>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
give any third party the right to accelerate any obligation under;
</FONT></TD>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
result in a violation of; or
</FONT></TD>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
require any authorization, consent, approval, exemption or other action by or notice to any court or
administrative or governmental body pursuant to;
</FONT></TD>
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<BR>





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the
certificate or articles of incorporation or by-laws (or equivalent limited
liability company governance documents) of the Loan Parties or any law, statute,
rule or regulation to which the Loan Parties are subject, or any agreement,
instrument, order, judgment or decree to which the Loan Parties are subject.</FONT></TD>
</TR>
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<BR>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This Third Amendment and the Amended Senior Loan Documents have been duly and
validly executed and delivered by the Loan Parties and constitute legal, valid
and binding obligations, and all such obligations of the Loan Parties are
enforceable in accordance with their respective terms.
</FONT></TD>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Except for the Existing Defaults, no event has occurred and is continuing and no
condition exists which would constitute an Event of Default or Potential Event
of Default.
</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
<TD WIDTH=97%><FONT SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Except for: (i) the representation and warranty set forth in the first sentence
of <U>Section&#160;4.4</U> of the Loan Agreement; (ii) the representations and
warranties with respect to the matters disclosed on revised <U>Schedule 4.3</U>
(Capitalization), added <U>Schedule 4.7</U> (Litigation), revised <U>Schedule
4.10</U> (Subsidiaries), revised <U>Schedule 4.12</U> (Absence of Undisclosed
Liabilities), added <U>Schedule 4.14</U> (Tax Matters) and revised <U>Schedule
4.21</U> (Affiliate Transactions), attached to this Third Amendment; all
representations and warranties of the Loan Parties in the Loan Agreement remain
true and correct as of the date hereof as though originally made on and as of
the date hereof and will be true and correct after giving effect to the
amendments set forth in <U>Section 5</U> hereof.
</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
<TD WIDTH=97%><FONT SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Each Loan Party represents that: (a) it has no intention to file or acquiesce in
the filing of any bankruptcy or insolvency proceeding hereafter, absent
Lender&#146;s approval of such proceeding; and (b) the period commencing on the
Third Amendment Closing Date and ending on the Senior Termination Date is
sufficient for such Loan Party to accomplish the commitments it has undertaken
in this Third Amendment.
</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
<TD WIDTH=97%><FONT SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Company represents and warrants that it is currently eligible to register
the resale of the Warrant Shares and all Registrable Securities by Holder on a
Registration Statement on Form S-3 under the Securities Act for the account of
Holder (and not for or on behalf of the Company).
</FONT></TD>
</TR>
</TABLE>
<BR>


<BR>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>-5-</FONT></P>
<BR>
<hr size=2>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Consent</U>. Lender
agrees that the execution of this Third Amendment shall constitute the consent
of Lender to the Montpelier Sale (as defined in <U>Section 1.3(o)</U> of the
Fifth Amendment to Senior Loan Agreement), solely in accordance with the terms
and conditions of such <U>Section 1.3(o)</U> of the Fifth Amendment to Senior
Loan Agreement and <U>further</U> <U>provided</U> that the consent of Senior
Lenders to the Montpelier Sale is effective. Lender also consents to the item
referred to in <U>Section 1.3 (c)(iii)</U> of the Fifth Amendment to Senior Loan
Agreement, provided that the consent of the Senior Lenders to that item is
effective. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Release and Indemnity</U>.</font></p>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
<TD WIDTH=97%><FONT SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Each Loan Party does hereby release and forever discharge Lender and each
Affiliate thereof and each of their respective employees, officers, directors,
partners, trustees, agents, attorneys, successors, assigns or other
representatives from any and all claims, demands, damages, actions,
cross-actions, causes of action, costs and expenses (including legal expenses),
of any kind or nature whatsoever, whether based on law or equity, which any of
said parties has held, whether known or unknown, for or because of any matter or
thing done, omitted or suffered to be done on or before the actual date upon
which this Third Amendment is signed by any of such parties (i) arising directly
or indirectly out of this Third Amendment, or any other documents, instruments
or any other transactions relating thereto and/or (ii)&#160;relating directly or
indirectly to all transactions by and between each Loan Party and WMBCF or any
of its respective directors, partners, officers, agents, employees, attorneys or
other representatives.
</FONT></TD>
</TR>
</TABLE>
<BR>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
<TD WIDTH=97%><FONT SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Each Loan Party shall and hereby does indemnify each Lender and each Affiliate
thereof and their respective directors, partners, officers, employees and agents
from, and hold each of them harmless against, any and all losses, liabilities,
claims or damages (including reasonable legal fees and expenses) to which any of
them may become subject, insofar as such losses, liabilities, claims or damages
arise out of or result from any actual or proposed use by any Loan Party of the
proceeds of any extension of credit under this Third Amendment or any
investigation, litigation or other proceeding (including any threatened
investigation or proceeding) relating to the foregoing or any of the other
Senior Subordinated Loan Documents, and the Loan Parties shall reimburse each
Lender and each Affiliate thereof and their respective directors, partners,
officers, employees and agents, upon demand for any expenses (including legal
fees) reasonably incurred in connection with any such investigation or
proceeding; but excluding any such losses, liabilities, claims, damages or
expenses incurred by reason of the gross negligence, bad faith or willful
misconduct of the Person to be indemnified or in connection with disputes
exclusively between Lenders.
</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
<TD WIDTH=97%><FONT SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Without limiting any provision of this Third Amendment, it is the express
intention of the parties hereto that each Person to be indemnified hereunder or
thereunder shall be indemnified and held harmless against any and all losses,
liabilities, claims or damages: (i) arising out of or resulting from the sole
ordinary or contributory negligence of such Person or (ii) imposed upon said
party under any theory of strict liability. Without prejudice to the survival of
any other obligations of the Loan Parties hereunder and under the other Senior
Subordinated Loan Documents, the obligations of the Loan Parties under this
Section&#160;8 shall survive the termination of the Senior Subordinated Loan
Documents and the payment of the Obligations.
</FONT></TD>
</TR>
</TABLE>
<BR>

<BR>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>-6-</FONT></P>
<BR>
<hr size=2>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;&nbsp;&nbsp;&nbsp;<U>Miscellaneous</U>.</font></p>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
<TD WIDTH=97%><FONT SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Further Assurances</U>. The Loan Parties shall, from time to time at the
request of Lender, do all further acts and things as may in the opinion of
Lender be necessary or advisable to effectuate the transaction and other matters
contemplated hereby, including, without limitation, the modification of or
amendment to any other agreements, certificates or instruments to which the Loan
Parties are a party.
</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
<TD WIDTH=97%><FONT SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Notices</U>. All notices and other communications given to or made upon any
party hereto in connection with this Agreement shall be in accordance with
<U>Section 8.6</U> of the Loan Agreement.
</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
<TD WIDTH=97%><FONT SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Joint and Several Liability</U>. Except as specifically set forth herein, the
liability of each Loan Party under this Third Amendment and the other agreements
in general shall be joint and several, and each reference herein to the Loan
Parties shall be deemed to refer to each such Loan Party. In furtherance and not
in limitation of Lender&#146;s rights and remedies hereunder or at law, Lender
may proceed under this Agreement and the other agreements against any one or
more of the Loan Parties in their absolute and sole discretion for any of the
obligations of the Loan Parties or any other liability or obligation of the Loan
Parties arising hereunder.
</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
<TD WIDTH=97%><FONT SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Survival</U>. All representations, warranties, covenants, indemnifications,
consents and agreements of the Loan Parties contained herein or made in writing
in connection herewith shall survive the execution and delivery of this Third
Amendment and, except as set forth otherwise herein, shall remain in effect
through the date that all amounts due hereunder are paid to Lender.
</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
<TD WIDTH=97%><FONT SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Entire Agreement</U>. This Third Amendment and the instruments to be
delivered by the parties pursuant to the provisions hereof constitute the entire
agreement between the parties hereto with respect to the subject matter hereof.
The provisions of this Third Amendment may be modified, amended or waived, but
only by a written instrument signed by the Loan Parties and Persons with at
least fifty percent (50%) interest in and rights under the Senior Subordinated
Note at the time such modifications, amendments or waivers are taken.
</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
<TD WIDTH=97%><FONT SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Counterparts</U>. This Third Amendment may be executed in any number of
counterparts and by any party hereto on separate counterparts, each of which,
when so executed and delivered, shall be an original, but all such counterparts
shall together constitute one and the same instrument.
</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
<TD WIDTH=97%><FONT SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Captions</U>.  Section  captions used in this Third Amendment are for  convenience  only, and shall not affect
the construction of this Third Amendment.
</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
<TD WIDTH=97%><FONT SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>No Further  Amendments</U>.  Except as  specifically  amended  hereby,  the terms and  provisions  of the Loan
Agreement shall remain in full force and effect.
</FONT></TD>
</TR>
</TABLE>
<BR>



<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>[Remainder of this page intentionally left blank]</B></FONT></P>

<BR>

<BR>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>-7-</FONT></P>
<BR>
<hr size=2>





<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, the parties hereto have caused this Third Amendment to Senior
Subordinated Loan Documents to be executed and delivered by their duly
authorized officers as of the day and year first above written. </FONT></P>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
<TD width=40%>&nbsp;</TD>
<td colspan=2>WILLIAM BLAIR MEZZANINE CAPITAL FUND III, L.P.<BR>&nbsp;</td>
</tr>
<tr valign=top>
<TD width=40%>&nbsp;</TD>
<TD width=4%>By:</td>
<TD width=56%>
William Blair  Mezzanine  Capital  Partners III,  L.L.C.,  its<BR>
general partner                                               <BR>
<BR>

By:<U>&nbsp;&nbsp;/s/ Terrance M. Shipp&nbsp;
&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>

Name:<U>&nbsp;&nbsp;Terrance M. Shipp&nbsp;&nbsp;
&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>

Title:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Managing Director&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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></td>


</TR>
</TABLE>

<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>


<BR>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"> -8- </FONT></P>
<BR>
<HR SIZE=2>








<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>COUNTERPART SIGNATURE PAGE</FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>THIRD AMENDMENT TO SENIOR SUBORDINATED LOAN DOCUMENTS</FONT></H1>
<BR><BR>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<tr valign=top>
<TD width=40%>&nbsp;</TD>
<TD width=60%>
Emilie D. Wierda Living Trust dated 3/1/94<BR>
<BR>
By:<U>&nbsp;&nbsp;/s/ Craig Wierda&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&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>
Name:<U>&nbsp;&nbsp;Craig Wierda&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&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>
Title:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trustee&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>
<BR>
<BR>
<BR>
<U>&nbsp;&nbsp;&nbsp;&nbsp;/s/ William Beckman&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&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>
William Beckman<BR>
<BR>
<BR>
<BR>
<U>&nbsp;&nbsp;&nbsp;&nbsp;/s/ Thomas Wallace&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&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>
Thomas Wallace<BR>
<BR>
<BR>
<BR>
Craig Wierda Grantor Retained Annuity Trust, dated<BR>
January 31, 1994<BR>
<BR>
By:<U>&nbsp;&nbsp;/s/ Greg Bego
&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&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;Greg Bego, Trustee<BR>
<BR>
<BR>
<BR>
Emilie Wierda Grantor Retained Annuity Trust, dated<BR>
January 31, 1994<BR>
<BR>
By:<U>&nbsp;&nbsp;/s/ Greg Bego
&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&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;Greg Bego, Trustee</td>
</tr>
</table>



<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"> -9- </FONT></P>
<BR>
<HR SIZE=2>





<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>COUNTERPART SIGNATURE PAGE</FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>THIRD AMENDMENT TO SENIOR SUBORDINATED LOAN DOCUMENTS</FONT></H1>
<BR>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<tr valign=top>
<TD width=50%>&nbsp;</TD>
<TD width=50%>
CLARION TECHNOLOGIES, INC.<BR>
<BR>
<BR>
By:<U>&nbsp;&nbsp;/s/ William Beckman&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&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;William Beckman, President<BR>
<BR>
<BR>
<BR>
CLARION REAL ESTATE, L.L.C.<BR>
<BR>
<BR>
<BR>
By:<U>&nbsp;&nbsp;/s/ William Beckman&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&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;William Beckman, President<BR>
<BR>
<BR>
<BR>
MITO PLASTICS, INC.<BR>
<BR>
<BR>
<BR>
By:<U>&nbsp;&nbsp;/s/ William Beckman&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&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;William Beckman, President</td>
</tr>
</table>



<BR><BR><BR><BR><BR><BR><BR><BR>

















<P><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
::ODMA\PCDOCS\GRR\698034\1</font></p>



<BR>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"> -10- </FONT></P>
<BR>



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