FINLAY ENTERPRISES INC /DE
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<TYPE>EX-10
<SEQUENCE>7
<FILENAME>mm12-0308_8ke102.htm
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: right"><u><i><b><font size="2">EXHIBIT 10.2</font></b></i></u></p>

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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><font size="2">AMENDMENT NO. 1 TO THE CREDIT AGREEMENT</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 1in; TEXT-ALIGN: justify"><font size="2">This Amendment No. 1 to the Credit Agreement, dated as of November 18, 2008 (this &ldquo;Amendment&rdquo;), is entered into by and among Finlay Fine Jewelry Corporation, a Delaware corporation (&ldquo;Finlay&rdquo;); Carlyle &amp; Co. Jewelers LLC, a Delaware limited liability company (&ldquo;Carlyle&rdquo;), L. Congress, Inc., a Florida corporation (&ldquo;Congress&rdquo;) (Finlay,
            Carlyle and Congress are sometimes collectively referred to herein as the &ldquo;Borrowers&rdquo; and individually as a &ldquo;Borrower&rdquo;); the other Credit Parties signatory hereto, the Lenders signatory hereto and General Electric Capital Corporation, as a Lender and as Agent for Lenders (in such capacity, &ldquo;Agent&rdquo;).</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><u><font size="2">RECITALS</font></u></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">A.</font><font size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font><font size="2">Borrowers, the Credit Parties, Agent and Lenders are parties to that certain Fourth Amended and Restated Credit Agreement, dated as of November 9, 2007 (as amended, restated, supplemented or otherwise modified and in effect, the &ldquo;Credit Agreement&rdquo;), pursuant to which Lenders have made and will
            hereafter make loans and advances and other extensions of credit to Borrowers.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowers, Agent and Lenders wish to amend the Credit Agreement on the terms and subject to the conditions set forth herein.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Amendment shall constitute a Loan Document and these Recitals shall be construed as part of this Amendment. Capitalized terms used herein without definition are so used as defined in the Credit Agreement and Annex A thereto.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 1in; TEXT-ALIGN: justify"><font size="2">NOW, THEREFORE, in consideration of the premises and the mutual covenants hereinafter contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</font></p>

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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">1.</font></p>
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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><font size="2">Amendments to Credit Agreement</font></u><font size="2">.</font></p>
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            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annex A (</font><u><font size="2">Definitions</font></u><font size="2">) to the Credit Agreement is amended by inserting the following definitions in the appropriate alphabetical order:</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 1in; TEXT-ALIGN: justify"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;</font><u><font size="2">First Amendment</font></u><font size="2">&rdquo; means Amendment No. 1 to the Credit Agreement, dated as of November 18, 2008.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 1in; TEXT-ALIGN: justify"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;</font><u><font size="2">Intercreditor Agreement</font></u><font size="2">&rdquo; means an intercreditor agreement among Agent, the holders of the Second Lien Notes (or an agent or trustee on their behalf) and the holders of the Third Lien Notes (or an agent or trustee on their behalf) consistent with the terms of the First
            Amendment, and otherwise on terms and conditions satisfactory to Agent.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 1in; TEXT-ALIGN: justify"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;</font><u><font size="2">Second Lien Notes</font></u><font size="2">&rdquo; means Finlay&rsquo;s Second Lien Notes due 2012 and any notes that may be subsequently issued in exchange therefore that are substantially identical in all material respects (other than with respect to any transfer restrictions).</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 1in; TEXT-ALIGN: justify"><font size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;</font><u><font size="2">Third Lien Notes</font></u><font size="2">&rdquo; means Finlay&rsquo;s Third Lien Notes due 2012 issued in exchange for all or a portion of the Senior Notes and any notes that may be subsequently issued in exchange therefore that are substantially identical in all material respects (other than with
            respect to any transfer restrictions).</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annex A (</font><u><font size="2">Definitions</font></u><font size="2">) to the Credit Agreement is amended by inserting in clause (b) of the definition of &ldquo;</font><u><font size="2">Commitment Termination Date</font></u><font size="2">&rdquo; immediately after the words &ldquo;the Senior Notes&rdquo; in both places where such words
            appear in such clause, the words &ldquo;, the Second Lien Notes and the Third Lien Notes&rdquo;.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annex A (</font><u><font size="2">Definitions</font></u><font size="2">) to the Credit Agreement is amended by amending and restating the definition of &ldquo;</font><u><font size="2">Index Rate</font></u><font size="2">&rdquo; in its entirety as follows:</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: justify"><font size="2">&ldquo;</font><u><font size="2">Index Rate</font></u><font size="2">&rdquo; means, for any day, a floating rate equal to the highest of (i) the rate publicly quoted from time to time by</font> <u><font size="2">The Wall Street Journal</font></u> <font size="2">as the &ldquo;prime rate&rdquo; (or, if</font> <u><font size="2">The Wall Street Journal</font></u> <font size="2">ceases
            quoting a prime rate, the highest per annum rate of interest published by the Federal Reserve Board in Federal Reserve statistical release H.15 (519) entitled &ldquo;Selected Interest Rates&rdquo; as the Bank prime loan rate or its equivalent), (ii) the Federal Funds Rate plus 50 basis points per annum, and (iii) the sum of (x) the LIBOR Rate, for a LIBOR Period of three (3) months as it appears on Reuters Screen LIBOR01 Page as of 11:00 a.m (London, England time) two (2) Business
            Days prior to such day,</font> <u><font size="2">plus</font></u> <font size="2">(y) with respect to Tranche A Revolving Credit Advances and Swing Line Loans, the excess of the Applicable Tranche A Revolver LIBOR Margin over the Applicable Tranche A Revolver Index Margin, and, with respect to Tranche B Revolving Credit Advances, the excess of the Applicable Tranche B Revolver LIBOR Margin over the Applicable Tranche B Revolver Index Margin, in each instance, as of such day. Each
            change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annex A (</font><u><font size="2">Definitions</font></u><font size="2">) to the Credit Agreement is amended by inserting in the definition of &ldquo;</font><u><font size="2">Loan Documents</font></u><font size="2">&rdquo;, after the words &ldquo;the Collateral Documents,&rdquo; and before the words &ldquo;the Master Standby Agreement&rdquo;,
            the words &ldquo;the Intercreditor Agreement,&rdquo;.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annex A (</font><u><font size="2">Definitions</font></u><font size="2">) to the Credit Agreement is amended by amending and restating the definition of &ldquo;</font><u><font size="2">Senior Notes</font></u><font size="2">&rdquo; in its entirety as follows:</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: justify"><font size="2">&ldquo;</font><u><font size="2">Senior Notes</font></u><font size="2">&rdquo; means Finlay&rsquo;s 8.375% Senior Notes due 2012 and any notes that may be subsequently issued in exchange therefor (other than the Third Lien Notes) that are substantially identical in all material respects (other than with respect to any transfer restrictions).</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annex B (</font><u><font size="2">Letters of Credit</font></u><font size="2">) to the Credit Agreement is amended by deleting from paragraph (c)(v) thereof the words &ldquo;1.50% per annum&rdquo; and replacing them with the words &ldquo;2.25% per annum&rdquo;.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annex F (</font><u><font size="2">Collateral Reports</font></u><font size="2">) to the Credit Agreement is amended by amending paragraph (c) thereof as follows:</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 1in; TEXT-ALIGN: justify"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The words &ldquo;one (1) Inventory Appraisal&rdquo; in the fourth line thereof are replaced with the words &ldquo;two (2) Inventory Appraisals&rdquo;.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 1in; TEXT-ALIGN: justify"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The words &ldquo;a second appraisal&rdquo; in the fifth line thereof are replaced with the words &ldquo;a third appraisal&rdquo;.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annex F (</font><u><font size="2">Collateral Reports</font></u><font size="2">) to the Credit Agreement is amended by amending paragraph (d) thereof as follows:</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="1">2</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 1in; TEXT-ALIGN: justify"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The words &ldquo;one (1) field examination&rdquo; in the fourth and fifth lines thereof are replaced with the words &ldquo;two (2) field examinations&rdquo;.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 1in; TEXT-ALIGN: justify"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The words &ldquo;a second field examination&rdquo; in the sixth line thereof are replaced with the words &ldquo;a third field examination&rdquo;.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 1.5(a) of the Credit Agreement is amended by inserting, immediately prior to the sentence beginning with the words &ldquo;Commencing with the calendar quarter beginning January 1, 2009,&rdquo;, the following sentence:</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: justify"><font size="2">As of the date of the First Amendment, the Applicable Margins are as follows:</font></p>

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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Applicable Tranche A Revolver Index Margin</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top" width="208">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 35.25pt; TEXT-ALIGN: left"><font size="2">1.00%</font></p>
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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Applicable Tranche A Revolver LIBOR Margin</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top" width="208">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 35.25pt; TEXT-ALIGN: left"><font size="2">2.75%</font></p>
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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Applicable Tranche B Revolver Index Margin</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top" width="208">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 35.25pt; TEXT-ALIGN: left"><font size="2">3.50%</font></p>
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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Applicable Tranche B Revolver LIBOR Margin</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top" width="208">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 35.25pt; TEXT-ALIGN: left"><font size="2">5.25%</font></p>
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            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.10.&nbsp;&nbsp;&nbsp;&nbsp;Section 1.5(a) of the Credit Agreement is further amended by deleting the grids used to determine the Applicable Tranche A Revolver Index Margin and the Applicable Tranche A Revolver LIBOR Margin set forth therein and replacing them with the grids set forth below:</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">If Average Adjusted Excess Availability is</font></b></u><b><font size="2">:</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.05pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.05pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1pt solid" valign="top" width="288">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">Level of</font></b></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Applicable Margins</font></b></u><b><font size="2">:</font></b></p>
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                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.05pt; BORDER-TOP: medium none; PADDING-LEFT: 5.05pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1pt solid" valign="top" width="350">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">&lt; $75,000,000</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.05pt; BORDER-TOP: medium none; PADDING-LEFT: 5.05pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1pt solid" valign="top" width="288">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Level I</font></p>
                        </td>
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                    <tr style="page-break-inside: avoid">
                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.05pt; BORDER-TOP: medium none; PADDING-LEFT: 5.05pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1pt solid" valign="top" width="350">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><font size="2">&gt;</font></u> <font size="2">$75,000,000</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.05pt; BORDER-TOP: medium none; PADDING-LEFT: 5.05pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1pt solid" valign="top" width="288">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Level II</font></p>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

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                <table style="MARGIN-LEFT: 36pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="400" border="0">
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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.05pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.05pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1pt solid" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Applicable Margins</font></b></u></p>
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                    <tr style="page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.05pt; BORDER-TOP: medium none; PADDING-LEFT: 5.05pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1pt solid" valign="top" width="350">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>

                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.05pt; BORDER-TOP: medium none; PADDING-LEFT: 5.05pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1pt solid" valign="top" width="144">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Level I</font></b></u></p>
                        </td>

                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.05pt; BORDER-TOP: medium none; PADDING-LEFT: 5.05pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1pt solid" valign="top" width="144">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Level II</font></b></u></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.05pt; BORDER-TOP: medium none; PADDING-LEFT: 5.05pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1pt solid" valign="top" width="350">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Applicable Tranche A Revolver</font></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Index Margin</font></p>
                        </td>

                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.05pt; BORDER-TOP: medium none; PADDING-LEFT: 5.05pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1pt solid" valign="top" width="144">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">1.25%</font></p>
                        </td>

                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.05pt; BORDER-TOP: medium none; PADDING-LEFT: 5.05pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1pt solid" valign="top" width="144">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">1.00%</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.05pt; BORDER-TOP: medium none; PADDING-LEFT: 5.05pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1pt solid" valign="top" width="350">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Applicable Tranche A Revolver LIBOR Margin</font></p>
                        </td>

                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.05pt; BORDER-TOP: medium none; PADDING-LEFT: 5.05pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1pt solid" valign="top" width="144">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">3.00%</font></p>
                        </td>

                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.05pt; BORDER-TOP: medium none; PADDING-LEFT: 5.05pt; PADDING-BOTTOM: 0pt; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1pt solid" valign="top" width="144">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">2.75%</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.11.&nbsp;&nbsp;&nbsp;&nbsp;Section 1.9(b) of the Credit Agreement is amended by replacing the words &ldquo;one quarter of one percent (0.25%) per annum&rdquo; with the words &ldquo;one half of one percent (0.50%) per annum&rdquo;.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.12.&nbsp;&nbsp;&nbsp;&nbsp;Section 1.9(c) of the Credit Agreement is amended by replacing the words &ldquo;four and one half percent (4.50%) per annum&rdquo; with the words &ldquo;five and one quarter percent (5.25%) per annum&rdquo;.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.13.&nbsp;&nbsp;&nbsp;&nbsp;Section 6.2 of the Credit Agreement is amended by (x) deleting the word &ldquo;and&rdquo; at the end of clause (s) thereof, (y) deleting the period at the end of clause (t) thereof and replacing it with a semicolon and inserting the word &ldquo;and&rdquo; immediately thereafter, and (z) inserting the following new clause at the end of such
            section:</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="1">3</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: justify"><font size="2">&ldquo;(u)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;guaranties of the Second Lien Notes and Third Lien Notes, which guaranties shall be substantially identical to the existing guaranties of the Senior Notes and shall be subject to the terms of the Intercreditor Agreement.&rdquo;</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.14.&nbsp;&nbsp;&nbsp;&nbsp;Section 6.3(a)(ix) of the Credit Agreement is amended and restated in its entirety as follows:</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: justify"><font size="2">&ldquo;(ix)&nbsp;&nbsp;&nbsp;&nbsp;Indebtedness of Finlay evidenced by the Senior Notes in an aggregate principal amount not to exceed $200,000,000 minus the original principal amount of any Third Lien Notes issued in exchange therefor,&rdquo;.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.15.&nbsp;&nbsp;&nbsp;&nbsp;Section 6.3(a) of the Credit Agreement is further amended by (x) deleting the period at the end of clause (xix) thereof and replacing it with a comma, and (y) inserting the following new clauses at the end of such section:</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: justify"><font size="2">&ldquo;(xx)&nbsp;&nbsp;&nbsp;Indebtedness under the Second Lien Notes (and refinancings thereof permitted by the Intercreditor Agreement, including reasonable fees incurred in connection therewith) in an aggregate principal amount not to exceed $28,700,000 plus any increases in the principal amount thereof as a result of interest paid in kind (i.e., PIK interest);</font>
            <u><font size="2">provided</font></u><font size="2">,</font> <u><font size="2">that</font></u><font size="2">, (A) no interest on the Second Lien Notes shall be paid in cash prior to January 1, 2011, and (B) the terms and conditions of the Second Lien Notes, and all documentation executed in connection therewith, shall be (i) consistent with the proposed terms attached to the First Amendment as Exhibit A and (ii) satisfactory to Agent, and</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: justify"><font size="2">(xxi)&nbsp;&nbsp;&nbsp;&nbsp;Indebtedness under the Third Lien Notes (and refinancings thereof permitted by the Intercreditor Agreement, including reasonable fees incurred in connection therewith) in an aggregate principal amount not to exceed $200,000,000 minus the principal amount of any Senior Notes that are not exchanged for Third Lien Notes, plus any increases in the principal
            amount thereof as a result of interest paid in kind (i.e., PIK interest);</font> <u><font size="2">provided</font></u><font size="2">,</font> <u><font size="2">that</font></u><font size="2">, (A) no interest on the Third Lien Notes shall be paid in cash prior to January 1, 2011, and (B) the terms and conditions of the Third Lien Notes, and all documentation executed in connection therewith, shall be (i) consistent with the proposed terms attached to the First Amendment as Exhibit A
            and (ii) satisfactory to Agent.&rdquo;</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.16.&nbsp;&nbsp;&nbsp;&nbsp;Section 6.3(b) of the Credit Agreement is amended and restated in its entirety as follows:</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: justify"><font size="2">&ldquo;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Credit Party shall, directly or indirectly, voluntarily purchase, redeem, defease or prepay any principal of, premium, if any, interest or other amount payable in respect of any Indebtedness prior to its scheduled maturity, other than (i) the Obligations; (ii) Indebtedness secured by a Permitted Encumbrance if the asset securing such
            Indebtedness has been sold or otherwise disposed of in accordance with</font> <u><font size="2">Sections 6.8(b) or (c)</font></u><font size="2">; (iii) Indebtedness permitted by</font> <u><font size="2">Section 6.3(a)(iv)</font></u> <font size="2">upon any refinancing thereof in accordance with</font> <u><font size="2">Section 6.3(a)(iv)</font></u><font size="2">; (iv) any of Borrowers may, from time to time, repay and/or prepay any intercompany Indebtedness outstanding and
            permitted under Section 6.3(a)(viii), including payments of principal and/or interest, as they may elect in their discretion; (v) as otherwise permitted in</font> <u><font size="2">Section 6.13</font></u> <font size="2">and (vi) payments of interest paid in kind and, beginning January 1, 2011, interest paid in cash on the Second Lien Notes and Third Lien Notes, which Second Lien Notes and Third Lien Notes shall at all times be subject to the terms of the Intercreditor
            Agreement.&rdquo;</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="1">4</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.17.&nbsp;&nbsp;&nbsp;&nbsp;Section 6.7 of the Credit Agreement is amended by (x) deleting the word &ldquo;and&rdquo; at the end of clause (k) thereof, (y) deleting the period at the end of clause (l) thereof and replacing it with a comma, and (z) inserting the following new clauses at the end of such section:</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: justify"><font size="2">&ldquo;(m)&nbsp;&nbsp;&nbsp;&nbsp;second priority Liens securing the obligations under the Second Lien Notes;</font> <u><font size="2">provided</font></u><font size="2">,</font> <u><font size="2">that</font></u><font size="2">, such Liens shall at all times be subordinated to Agent&rsquo;s Liens securing the Obligations as and to the extent provided in the Intercreditor
            Agreement;</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: justify"><font size="2">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;third priority Liens securing the obligations under the Third Lien Notes;</font> <u><font size="2">provided</font></u><font size="2">,</font> <u><font size="2">that</font></u><font size="2">, such Liens shall at all times be subordinated to Agent&rsquo;s Liens securing the Obligations as and to the extent provided in the Intercreditor
            Agreement; and</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: justify"><font size="2">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;other Liens securing Indebtedness of, or amounts payable by, the Credit Parties, in each instance on terms and conditions reasonably acceptable to Agent and in any event, not exceeding $25,000,000 in the aggregate at any time outstanding, provided, that, such Liens shall be pari passu with or junior to the Liens securing the Third Lien
            Notes and subordinated to Agent&rsquo;s Liens securing the Obligations on terms at least as favorable to Agent and Lenders as provided in the Intercreditor Agreement and otherwise on terms acceptable to Agent.&rdquo;</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.18.&nbsp;&nbsp;&nbsp;&nbsp;Section 6.16 of the Credit Agreement is amended by inserting the following as a new clause (d) at the end thereof:</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: justify"><font size="2">&ldquo;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Credit Party shall directly or indirectly, amend, modify, supplement, waive compliance with, seek a waiver under, or assent to noncompliance with, any term, provision or condition of the Second Lien Notes, the Third Lien Notes or any documentation entered into in connection therewith, except as and to the extent expressly provided in the
            Intercreditor Agreement.&rdquo;</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">1.19.&nbsp;&nbsp;&nbsp;&nbsp;Section 6.20 of the Credit Agreement is amended by inserting the following new clause at the beginning of such section: &ldquo;Except with respect to restrictions contained in the Second Lien Notes or the Third Lien Notes or any of the documents related to the Second Lien Notes or Third Lien Notes,&rdquo;.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><font size="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> <u><font size="2">Terms of Second Lien Notes, Third Lien Notes and Intercreditor Agreement</font></u><font size="2">. Exhibit A hereto sets forth certain terms of the Second Lien Notes and Third Lien Notes and Exhibit B hereto sets forth certain subordination and intercreditor terms with respect to the Second Lien Notes. The
            Third Lien Notes shall be subordinated to the Second Lien Notes to the same extent as the Second Lien Notes are subordinated to the Obligations. Agent is hereby authorized to enter into an Intercreditor Agreement containing the terms and conditions set forth on Exhibit B hereto and otherwise in form and substance acceptable to Agent.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><font size="2">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> <u><font size="2">Conditions to Effectiveness</font></u><font size="2">. The effectiveness of this Amendment is expressly conditioned upon the satisfaction of each of the following conditions precedent in a manner acceptable to Agent:</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">3.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agent&rsquo;s receipt of counterparts of this Amendment, duly executed by Borrowers, Credit Parties, Agent and Requisite Lenders.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">3.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowers shall have paid to Agent a nonrefundable amendment fee equal to 12.5 basis points (0.125%) of the Commitments of those Lenders who consent to this Amendment, evidenced by their timely delivery to Agent of an executed counterpart signature page hereto.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="1">5</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">3.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agent shall have received: (i) copies of the resolutions of the board of directors (or other governing body) of each of the Borrowers and other Credit Parties approving the execution, delivery and performance of this Amendment and each of the documents, instruments and agreements in connection with the Second Lien Notes and Third Lien Notes
            and (ii) a legal opinion of Weil, Gotshal &amp; Manges LLP covering such matters as Agent may reasonably request with respect to the Second Lien Notes and Third Lien Notes, each to be in form and substance satisfactory to Agent.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">3.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of the date hereof, each representation and warranty by any Credit Party contained in the Credit Agreement or in any other Loan Document is true and correct in all material respects, except to the extent that such representation or warranty expressly relates to an earlier date and except for changes therein expressly permitted or expressly
            contemplated by the Credit Agreement.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">3.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of the date hereof, no Default or Event of Default has occurred and is continuing or would result after giving effect to issuance of the Second Lien Notes or Third Lien Notes.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">3.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agent shall have received such other documents, instruments or certificates as it shall have reasonably requested with respect to the transactions described herein.</font></p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="583" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt" valign="top" nowrap width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">4.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt" valign="top" nowrap width="535">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><font size="2">Reference to and Effect Upon the Credit Agreement and other Loan Documents.</font></u></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">4.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as expressly modified hereby, the Credit Agreement, the Notes and each other Loan Document shall remain in full force and effect and each is hereby ratified and confirmed by each of Borrowers and the other Credit Parties. Without limiting the foregoing, the Liens granted pursuant to the Collateral Documents shall continue in full force
            and effect and the guaranty of the Credit Parties shall continue in full force and effect.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">4.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or after the date hereof, each reference in the Credit Agreement to &ldquo;this Agreement&rdquo;, &ldquo;hereunder&rdquo;, &ldquo;hereof&rdquo;, &ldquo;herein&rdquo; or any other word or words of similar import shall mean and be a reference to the Credit Agreement as amended hereby, and each reference in any other Loan Document to the
            Credit Agreement or any word or words of similar import shall be and mean a reference to the Credit Agreement as amended hereby.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><font size="2">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> <u><font size="2">Counterparts</font></u><font size="2">. This Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed an original but all such counterparts shall constitute one and the same instrument. A counterpart signature page delivered by fax transmission shall be as
            effective as delivery of an originally executed counterpart.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><font size="2">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> <u><font size="2">Costs and Expenses</font></u><font size="2">. As provided in Section 11.3 of the Credit Agreement, Borrower shall pay the fees, costs and expenses incurred by Agent in connection with the preparation, execution and delivery of this Amendment (including, without limitation, reasonable attorneys&rsquo;
            fees).</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><font size="2">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</font><u><font size="2">GOVERNING LAW</font></u><font size="2">. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS (AS OPPOSED TO CONFLICTS OF LAW PROVISIONS) OF THE STATE OF NEW YORK.</font></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><font size="2">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;</font><u><font size="2">Headings</font></u><font size="2">. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="1">6</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">[SIGNATURE PAGES FOLLOW]</font></p>

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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="1">7</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
            <!-- EEDocs PBStart-->
            <hr align="center" width="100%" noshade size="2">

            <p style="PAGE-BREAK-BEFORE: always"></p>
            <!-- EEDocs PBEnd-->

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 24pt; TEXT-INDENT: 1in; TEXT-ALIGN: justify"><font size="2">IN WITNESS WHEREOF, this Amendment has been duly executed as of the date first written above.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="2">BORROWERS:</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="2">FINLAY FINE JEWELRY CORPORATION</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 180pt" cellspacing="0" cellpadding="0" width="300" border="0">
                    <tr height="4">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1px solid; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">/s/ Bruce E. Zurlnick</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 3pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Name:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Bruce E. Zurlnick</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 3pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Title:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Vice President, Treasurer and Chief Financial Officer</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <font size="2">&nbsp;</font>
            </div>

            <div align="left">
                <font size="2">&nbsp;</font>
            </div>


            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="2">CARLYLE &amp; CO. JEWELERS</font></b> <b><font size="2">LLC</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 180pt" cellspacing="0" cellpadding="0" width="300" border="0">
                    <tr height="4">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1px solid; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">/s/ Bruce E. Zurlnick</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 3pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Name:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Bruce E. Zurlnick</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 3pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Title:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Vice President, Treasurer and Chief Financial Officer</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <font size="2">&nbsp;</font>
            </div>

            <div align="left">
                <font size="2">&nbsp;</font>
            </div>


            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="2">L. CONGRESS, INC.</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 180pt" cellspacing="0" cellpadding="0" width="300" border="0">
                    <tr height="4">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1px solid; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">/s/ Bruce E. Zurlnick</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 3pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Name:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Bruce E. Zurlnick</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 3pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Title:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Vice President, Treasurer and Chief Financial Officer</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <font size="2">&nbsp;</font>
            </div>

            <div align="left">
                <font size="2">&nbsp;</font>
            </div>

            <div align="left">
                <font size="2">&nbsp;</font>
            </div>

            <div align="left">
                <font size="2">&nbsp;</font>
            </div>

            <div align="left">
                <font size="2">&nbsp;</font>
            </div>


            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="1">AMENDMENT NO. 1 TO CREDIT AGREEMENT</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
            <!-- EEDocs PBStart-->
            <hr align="center" width="100%" noshade size="2">

            <p style="PAGE-BREAK-BEFORE: always"></p>
            <!-- EEDocs PBEnd-->

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">The following Persons are signatories to this Amendment in their capacity as Credit Parties and not as Borrowers.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="2">FINLAY ENTERPRISES, INC.</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 180pt" cellspacing="0" cellpadding="0" width="300" border="0">
                    <tr height="4">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1px solid; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">/s/ Bruce E. Zurlnick</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 3pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Name:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Bruce E. Zurlnick</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 3pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Title:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Vice President, Treasurer and Chief Financial Officer</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <font size="2">&nbsp;</font>
            </div>

            <div align="left">
                <font size="2">&nbsp;</font>
            </div>


            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="2">FINLAY JEWELRY, INC.</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 180pt" cellspacing="0" cellpadding="0" width="300" border="0">
                    <tr height="4">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1px solid; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">/s/ Bruce E. Zurlnick</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 3pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Name:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Bruce E. Zurlnick</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 3pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Title:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Vice President, Treasurer and Chief Financial Officer</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <font size="2">&nbsp;</font>
            </div>

            <div align="left">
                <font size="2">&nbsp;</font>
            </div>


            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="2">FINLAY MERCHANDISING &amp; BUYING LLC</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 180pt" cellspacing="0" cellpadding="0" width="300" border="0">
                    <tr height="4">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1px solid; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">/s/ Bruce E. Zurlnick</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 3pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Name:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Bruce E. Zurlnick</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 3pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Title:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Vice President, Treasurer and Chief Financial Officer</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <font size="2">&nbsp;</font>
            </div>

            <div align="left">
                <font size="2">&nbsp;</font>
            </div>


            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="2">EFINLAY, INC.</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 180pt" cellspacing="0" cellpadding="0" width="300" border="0">
                    <tr height="4">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1px solid; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">/s/ Bruce E. Zurlnick</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 3pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Name:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Bruce E. Zurlnick</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 3pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Title:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Vice President, Treasurer and Chief Financial Officer</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <font size="2">&nbsp;</font>
            </div>

            <div align="left">
                <font size="2">&nbsp;</font>
            </div>


            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="2">PARK PROMENADE LLC</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 180pt" cellspacing="0" cellpadding="0" width="300" border="0">
                    <tr height="4">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1px solid; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">/s/ Bruce E. Zurlnick</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Name:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Bruce E. Zurlnick</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Title:</font></p>
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                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Senior Vice President, Treasurer and Chief Financial Officer</font></p>
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                </table>
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                <font size="2">&nbsp;</font>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="1">AMENDMENT NO. 1 TO CREDIT AGREEMENT</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 2.5in; TEXT-ALIGN: justify"><b><font size="2">GENERAL ELECTRIC CAPITAL</font></b> <b><font size="2">CORPORATION,</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 2.5in; TEXT-ALIGN: justify"><font size="2">as Agent and Lender</font></p>

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                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1px solid; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Name:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 3pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Title:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Duly Authorized Signatory</font></p>
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                <font size="2">&nbsp;</font>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="1">AMENDMENT NO. 1 TO CREDIT AGREEMENT</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 2.5in; TEXT-ALIGN: justify"><b><font size="2">JPMORGAN CHASE BANK, N.A.</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 2.5in; TEXT-ALIGN: justify"><font size="2">&nbsp;</font></p>

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                    <tr height="4">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1px solid; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Name:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 3pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Title:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>
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                <font size="2"><font size="2">&nbsp;</font></font>
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                <font size="2"><font size="2">&nbsp;</font></font>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">&nbsp;</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="1">AMENDMENT NO. 1 TO CREDIT AGREEMENT</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 2.5in; TEXT-ALIGN: justify"><b><font size="2">WACHOVIA BANK, NATIONAL ASSOCIATION</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 2.5in; TEXT-ALIGN: justify"><font size="2">&nbsp;</font></p>

            <div align="left">
                <table style="MARGIN-LEFT: 180pt" cellspacing="0" cellpadding="0" width="300" border="0">
                    <tr height="4">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1px solid; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Name:</font></p>
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                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 3pt">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Title:</font></p>
                        </td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                        </td>
                    </tr>
                </table>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">&nbsp;</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 2.5in; TEXT-ALIGN: justify"><b><font size="1">AMENDMENT NO. 1 TO CREDIT AGREEMENT</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 2.5in; TEXT-ALIGN: justify"><b><font size="2">WELLS FARGO RETAIL FINANCE, LLC</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 2.5in; TEXT-ALIGN: justify"><font size="2">&nbsp;</font></p>

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                <table style="MARGIN-LEFT: 180pt" cellspacing="0" cellpadding="0" width="300" border="0">
                    <tr height="4">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1px solid; HEIGHT: 3pt" valign="top" colspan="2">
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Name:</font></p>
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                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Title:</font></p>
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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">&nbsp;</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 2.5in; TEXT-ALIGN: justify"><b><font size="1">AMENDMENT NO. 1 TO CREDIT AGREEMENT</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 2.5in; TEXT-ALIGN: justify"><b><font size="2">BURDALE FINANCIAL LIMITED</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><font size="2">&nbsp;</font></p>

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                    <tr height="4">
                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1px solid; HEIGHT: 3pt" valign="top" colspan="2">
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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Name:</font></p>
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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">&nbsp;</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 2.5in; TEXT-ALIGN: justify"><b><font size="1">AMENDMENT NO. 1 TO CREDIT AGREEMENT</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="2">CAPITAL ONE LEVERAGE FINANCE CORP.</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="2">(f/k/a NORTH FORK BUSINESS CAPITAL CORPORATION)</font></b></p>

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                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2"><font size="2">&nbsp;</font></font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 2.5in; TEXT-ALIGN: justify"></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="1">AMENDMENT NO. 1 TO CREDIT AGREEMENT</font></b></p>

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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="2">ISRAEL DISCOUNT BANK OF NEW YORK</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><font size="2"><font size="2">&nbsp;</font></font></p>

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                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Name:</font></p>
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                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Title:</font></p>
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                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2"><font size="2">&nbsp;</font></font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 2.5in; TEXT-ALIGN: justify"></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="1">AMENDMENT NO. 1 TO CREDIT AGREEMENT</font></b></p>

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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 2.5in; TEXT-ALIGN: justify"><b><font size="2">PNC BANK, NATIONAL ASSOCIATION</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><font size="2"><font size="2">&nbsp;</font></font></p>

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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" width="19">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
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                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2"><font size="2">&nbsp;</font></font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 2.5in; TEXT-ALIGN: justify"></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="1">AMENDMENT NO. 1 TO CREDIT AGREEMENT</font></b></p>

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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="2">CRYSTAL CAPITAL ONSHORE WAREHOUSE LLC</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><font size="2">As duly authorized:</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><font size="2">Crystal Capital Fund Management, L.P. as designated manager</font></p>

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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><font size="2">by: Crystal Capital Fund Management GP, LLC</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><font size="2">its: General Partner</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><font size="2"><font size="2">&nbsp;</font></font></p>

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                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; BORDER-BOTTOM: black 1px solid; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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                        <td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt; HEIGHT: 3pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Name:</font></p>
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                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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                    <tr style="HEIGHT: 3pt">
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                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Title:</font></p>
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                        <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="270">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2"><font size="2">&nbsp;</font></font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 2.5in; TEXT-ALIGN: justify"></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="1">AMENDMENT NO. 1 TO CREDIT AGREEMENT</font></b></p>

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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="2">CRYSTAL CAPITAL OFFSHORE WAREHOUSE LTD.</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><font size="2">As duly authorized:</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><font size="2">Crystal Capital Fund Management, L.P. as designated manager</font></p>

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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><font size="2">by: Crystal Capital Fund Management GP, LLC</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><font size="2">its: General Partner</font></p>

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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.5in; TEXT-ALIGN: left"><b><font size="1">AMENDMENT NO. 1 TO CREDIT AGREEMENT</font></b></p>

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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><u><font size="2">EXHIBIT A TO FIRST AMENDMENT</font></u></p>

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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><u><font size="2">Terms of Second Lien Notes</font></u></p>

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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Interest: 12.125% per annum, payable in kind semiannually through December 2010; thereafter 11.375% per annum payable in cash semiannually (PIK spread of 75 basis points).</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Maturity: June 2012</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><u><font size="2">Terms of Third Lien Notes</font></u></p>

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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Issued in exchange for existing Senior Notes</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Interest: 8.945% per annum, payable in kind semiannually through December 2010; thereafter 8.375% payable in cash semiannually (PIK spread of 57 basis points).</font></p>

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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Maturity: June 2012</font></p>

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