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<SEC-DOCUMENT>0000950144-08-007020.txt : 20080911
<SEC-HEADER>0000950144-08-007020.hdr.sgml : 20080911
<ACCEPTANCE-DATETIME>20080911171520
ACCESSION NUMBER:		0000950144-08-007020
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20080802
FILED AS OF DATE:		20080911
DATE AS OF CHANGE:		20080911

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATIONAL BEVERAGE CORP
		CENTRAL INDEX KEY:			0000069891
		STANDARD INDUSTRIAL CLASSIFICATION:	BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086]
		IRS NUMBER:				592605822
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14170
		FILM NUMBER:		081067804

	BUSINESS ADDRESS:	
		STREET 1:		ONE NORTH UNIVERSITY DRIVE
		STREET 2:		BUILDING A 4TH FLOOR
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33324
		BUSINESS PHONE:		3055810922

	MAIL ADDRESS:	
		STREET 1:		1 NORTH UNIVERSITY DR
		CITY:			PLANTATION
		STATE:			FL
		ZIP:			33324
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>g15058e10vq.htm
<DESCRIPTION>NATIONAL BEVERAGE CORP
<TEXT>
<HTML>
<HEAD>
<TITLE>National Beverage Corp</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 10-Q</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>For the quarterly period ended August&nbsp;2, 2008</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Commission file number 1-14170</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>NATIONAL BEVERAGE CORP.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="g15058natbev.gif" alt="(NationL Beverage Corp. Logo)">
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Delaware
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">59-2605822</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State of incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">One North University Drive, Ft. Lauderdale, FL 33324<BR>
(Address of principal executive offices including zip code)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><U>(954)&nbsp;581-0922</U><BR>
(Registrant&#146;s telephone number including area code)</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant (1)&nbsp;has filed all reports required to be filed by
Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12&nbsp;months (or for
such shorter period that the Registrant was required to file such reports), and (2)&nbsp;has been
subject to such filing requirements for the past 90&nbsp;days.
Yes <FONT face="Wingdings">&#254;</FONT> No <FONT face="Wingdings">&#111;</FONT>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer,
a non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the Exchange Act. (Check one):</DIV>



<DIV   align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%"   style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD   width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="center" valign="top">Large accelerated filer <FONT face="Wingdings">&#111;</FONT>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" valign="top">Accelerated filer <FONT face="Wingdings">&#254;</FONT>&nbsp;</TD>
    <TD   align="center">&nbsp;</TD>
    <TD nowrap align="center">Non-accelerated filer &nbsp; <FONT face="Wingdings">&#111;</FONT><BR>
(Do not check if a smaller reporting company)</TD>
    <TD align="center">&nbsp;</TD>
    <TD nowrap align="center" valign="top">Smaller reporting company <FONT face="Wingdings">&#111;</FONT>&nbsp;</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant is a shell company (as defined in Rule&nbsp;12b-2 of the
Exchange Act). Yes <FONT face="Wingdings">&#111;</FONT> No <FONT face="Wingdings">&#254;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The number of shares of registrant&#146;s common stock outstanding as of September&nbsp;8, 2008 was
46,001,894.
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left">
<!-- TOC -->
</DIV>
<DIV align="left">
<A name="tocpage"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>NATIONAL BEVERAGE CORP.<BR>
QUARTERLY REPORT ON FORM 10-Q<BR>
INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Page</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center"><DIV style="margin-left:60px; text-indent:-15px"><A href="#101"><B>PART I &#151; FINANCIAL INFORMATION</B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#102">Item&nbsp;1. Financial Statements</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#103">Condensed Consolidated Balance Sheets as of August&nbsp;2, 2008 and May&nbsp;3, 2008</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#104">Condensed Consolidated Statements of Income for the three months ended
August&nbsp;2, 2008 and July&nbsp;28, 2007</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#105">Condensed Consolidated Statements of Cash Flows for the three months ended
August&nbsp;2, 2008 and July&nbsp;28, 2007</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#106">Notes to Condensed Consolidated Financial Statements</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#107">Item&nbsp;2. Management&#146;s Discussion and Analysis of Financial Condition
and Results of Operations</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#108">Item&nbsp;3. Quantitative and Qualitative Disclosures About Market Risk</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#109">Item&nbsp;4. Controls and Procedures</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center"><DIV style="margin-left:45px; text-indent:-15px"><A href="#110"><B>PART II &#151; OTHER INFORMATION</B></A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#111">Item&nbsp;6. Exhibits</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g15058exv10w1.htm">EX-10.1 Second Amended & Restated Credit Agreement</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g15058exv31w1.htm">EX-31.1 Section 302 CEO Certification</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g15058exv31w2.htm">EX-31.2 Section 302 PFO Certification</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g15058exv32w1.htm">EX-32.1 Section 906 CEO Certification</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g15058exv32w2.htm">EX-32.2 Section 906 PFO Certification</A></FONT></TD></TR>
</TABLE>
</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left">
<A name="101"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I &#151; FINANCIAL INFORMATION</B>
</DIV>

<DIV align="left">
<A name="102"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>ITEM 1. FINANCIAL STATEMENTS</B></DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>NATIONAL BEVERAGE CORP. AND SUBSIDIARIES</B>

</DIV>
<DIV align="left">
<A name="103"></A>
</DIV>

<DIV align="left" style="font-size: 10pt"><B>CONDENSED CONSOLIDATED BALANCE SHEETS</B></DIV>



<DIV align="left" style="font-size: 10pt"><B>AS OF AUGUST 2, 2008 AND MAY 3, 2008</B><br>
(In thousands, except share amounts)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000">(Unaudited)</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">August 2,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">May 3,</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current assets:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash and equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">58,938</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">51,497</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Marketable securities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">850</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Trade receivables &#151; net of allowances of $247 ($266 at May&nbsp;3, 2008)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49,823</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49,186</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Inventories</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45,660</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,754</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Deferred income taxes &#151; net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,903</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,895</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Prepaid and other assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,773</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,009</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">164,947</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">157,341</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Property &#151; net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56,550</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">57,639</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Goodwill</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,145</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,145</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Intangible assets &#151; net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,899</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,899</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,823</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,098</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">245,364</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">239,122</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Liabilities and Shareholders&#146; Equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current liabilities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accounts payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">48,972</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">49,803</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accrued liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,792</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,965</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Income taxes payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">216</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">177</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65,980</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67,945</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred income taxes &#151; net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,707</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,624</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income tax liability</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,289</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,166</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,684</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,762</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shareholders&#146; equity:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Preferred stock, 7% cumulative, $1 par value - 1,000,000 shares
authorized; 150,000 shares issued; no shares outstanding</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">150</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">150</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Common stock, $.01 par value - 75,000,000 shares authorized;
50,032,278 shares issued (49,982,838 shares at May&nbsp;3, 2008)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Additional paid-in capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26,836</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26,508</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Retained earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">143,218</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">135,467</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Treasury stock &#151; at cost:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Preferred stock - 150,000 shares</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5,100</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5,100</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Common stock - 4,032,784 shares</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(12,900</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(12,900</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total shareholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">152,704</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">144,625</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">245,364</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">239,122</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See accompanying Notes to Condensed Consolidated Financial Statements.

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>NATIONAL BEVERAGE CORP. AND SUBSIDIARIES</B>

</DIV>
<DIV align="left">
<A name="104"></A>
</DIV>

<DIV align="left" style="font-size: 10pt"><B>CONDENSED CONSOLIDATED STATEMENTS OF INCOME</B></DIV>



<DIV align="left" style="font-size: 10pt"><B>FOR THE THREE MONTHS ENDED AUGUST 2, 2008 AND JULY 28, 2007</B></DIV>



<DIV align="left" style="font-size: 10pt">(In thousands, except per share amounts)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000">(Unaudited)</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2007</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">152,927</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">151,764</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cost of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">106,863</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">105,373</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross profit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46,064</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46,391</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Selling, general and administrative expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34,146</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35,600</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other income &#151; net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">198</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">374</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income before income taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,092</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,139</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Provision for income taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,341</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,954</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">7,751</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">7,185</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income per share -</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">.17</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">.16</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">.17</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">.16</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average common shares outstanding -</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45,982</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45,812</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46,135</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46,123</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See accompanying Notes to Condensed Consolidated Financial Statements.

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>NATIONAL BEVERAGE CORP. AND SUBSIDIARIES</B>

</DIV>
<DIV align="left">
<A name="105"></A>
</DIV>

<DIV align="left" style="font-size: 10pt"><B>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</B></DIV>



<DIV align="left" style="font-size: 10pt"><B>FOR THE THREE MONTHS ENDED AUGUST 2, 2008 AND JULY 28, 2007</B></DIV>



<DIV align="left" style="font-size: 10pt">(In thousands)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000">(Unaudited)</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2007</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Operating Activities:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">7,751</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">7,185</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Adjustments to reconcile net income to net cash
provided by operating activities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Depreciation and amortization</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,984</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,854</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Deferred income tax provision (benefit)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(571</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Loss on disposal of property, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Stock-based compensation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">86</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Changes in assets and liabilities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Trade receivables</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(637</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(416</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Inventories</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6,906</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,030</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Prepaid and other assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,960</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,488</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accounts payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(831</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(8,086</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accrued and other liabilities, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,071</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,761</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net cash provided by operating activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,415</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,333</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Investing Activities:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Marketable securities purchased</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(26,200</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(156,495</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Marketable securities sold</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,350</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">156,495</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Property additions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,372</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,351</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Proceeds from sale of assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net cash provided by (used in) investing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">784</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,348</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Financing Activities:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Proceeds from stock options exercised</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">197</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">130</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stock-based tax benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">231</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net cash provided by financing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">242</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">361</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net Increase in Cash and Equivalents</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,441</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,346</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Cash and Equivalents &#151; Beginning of Year</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">51,497</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65,579</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Cash and Equivalents &#151; End of Period</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">58,938</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">70,925</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Other Cash Flow Information:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income taxes paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">194</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">701</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See accompanying Notes to Condensed Consolidated Financial Statements.

</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>NATIONAL BEVERAGE CORP. AND SUBSIDIARIES</B>

</DIV>
<DIV align="left">
<A name="106"></A>
</DIV>

<DIV align="left" style="font-size: 10pt"><B>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS<br>
AUGUST 2, 2008<br>
(UNAUDITED)</B></DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>1. BASIS OF PRESENTATION</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">National Beverage Corp. develops, manufactures, markets and distributes a complete portfolio of
multi-flavored soft drinks, juice drinks, water and specialty beverages throughout the United
States. Incorporated in Delaware in 1985, National Beverage Corp. is a holding company for various
operating subsidiaries. When used in this report, the terms &#147;we,&#148; &#147;us,&#148; &#147;our,&#148; &#147;Company&#148; and
&#147;National Beverage&#148; mean National Beverage Corp. and its subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The accompanying unaudited condensed consolidated financial statements have been prepared in
accordance with accounting principles generally accepted in the United States (&#147;GAAP&#148;) and rules
and regulations of the Securities and Exchange Commission for interim financial information. The
financial statements do not include all information and notes required by GAAP for complete
financial statements. In our opinion, all adjustments (consisting of normal recurring adjustments)
considered necessary for a fair presentation have been included. Results for the interim periods
presented are not necessarily indicative of results which might be expected for the entire fiscal
year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These interim financial statements should be read in conjunction with the audited consolidated
financial statements and notes thereto included in the Company&#146;s Annual Report on Form 10-K for the
fiscal year ended May&nbsp;3, 2008.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>2. MARKETABLE SECURITIES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Marketable securities are income yielding securities that generally can be readily converted into
cash. All of our marketable securities are classified as trading securities and are reported as
current assets at their estimated fair market values. Fair value is based on quoted prices of
similar assets in active markets. Valuation of these items does entail significant amount of
judgment and the inputs that are significant to the fair value measurement are Level 2 in the fair
value hierarchy as defined in SFAS 157, <I>Fair Value Measurements</I>. Accordingly, the fair value may
not represent actual value of the securities that could have been realized as of August&nbsp;2, 2008, or
that will be realized in the future and do not include expenses that could be incurred in an actual
sale or settlement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>3. INVENTORIES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inventories are stated at the lower of first-in, first-out cost or market. Inventories at August
2, 2008 are comprised of finished goods of $24,773,000 and raw materials of $20,887,000.
Inventories at May&nbsp;3, 2008 are comprised of finished goods of $20,913,000 and raw materials of
$17,841,000.
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>4. PROPERTY</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Property consists of the following:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000">(In thousands)</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">August 2,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">May 3,</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Land</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">8,954</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">8,954</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Buildings and improvements</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41,730</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41,697</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Machinery and equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">125,991</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">124,797</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">176,675</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">175,448</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Less accumulated depreciation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(120,125</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(117,809</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Property &#151; net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">56,550</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">57,639</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Depreciation expense was $2,451,000 and $2,352,000 for the three-month period ended August&nbsp;2, 2008
and July&nbsp;28, 2007, respectively.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>5. DEBT</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A subsidiary maintains unsecured revolving credit facilities aggregating $75&nbsp;million (the &#147;Credit
Facilities&#148;) with banks which expire through April&nbsp;2013. The Credit Facilities bear interest at
rates based, in part, on the amount borrowed and the earnings of the subsidiary. At August&nbsp;2,
2008, interest rates ranged from LIBOR plus .3% to LIBOR plus .6% or, at the subsidiary&#146;s election,
<FONT style="font-size: 70%"><SUP>1</SUP></FONT>/<FONT style="font-size: 60%">2</FONT>% below the banks&#146; reference rate. At August&nbsp;2, 2008, $2.7&nbsp;million of the Credit Facilities was
used for standby letters of credit and $72.3&nbsp;million was available for future borrowings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Credit Facilities require the subsidiary to maintain certain financial ratios and contain other
restrictions, none of which are expected to have a material impact on our operations or financial
position. Significant financial ratios and restrictions include: fixed charge coverage; net worth
ratio; and limitations on incurrence of debt. At August&nbsp;2, 2008, we were in compliance with all
loan covenants and approximately $25&nbsp;million of retained earnings were restricted from
distribution.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>6. STOCK-BASED COMPENSATION</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During the three months ended August&nbsp;2, 2008, there were no options granted and options for 49,440
shares were exercised at a weighted average exercise price of $4.00. At August&nbsp;2, 2008, options to
purchase 613,679 shares at a weighted average exercise price of $4.39 were outstanding and
stock-based awards to purchase 3,239,086 shares of common stock were available for grant.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>7. RECENTLY ADOPTED ACCOUNTING STANDARDS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In September&nbsp;2006, the FASB issued SFAS 157, <I>Fair Value Measurements </I>(SFAS 157)<I>, </I>which defines fair
value, establishes a framework for measuring fair value, and expands disclosures about fair value
measurements. SFAS 157 was effective at the beginning of our 2009 fiscal year for all financial
assets and liabilities and for nonfinancial assets and liabilities measured at fair
value on a recurring basis. For all other nonfinancial assets and liabilities, SFAS 157 is effective
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"> at the beginning of our 2010 fiscal year. The adoption of SFAS 157 did not have a
material impact on our consolidated financial statements. We are currently evaluating the impact
related to our nonfinancial assets and liabilities not measured at fair value on a recurring basis.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In February&nbsp;2007, the FASB issued SFAS 159, <I>The Fair Value Option for Financial Assets and
Financial Liabilities </I>(SFAS 159), which permits entities to choose to measure many financial
instruments and certain other items at fair value. SFAS 159 was effective at the beginning of our
2009 fiscal year. We did not apply the fair value option to any of our financial instruments;
therefore, SFAS 159 did not have an impact on our consolidated financial statements.
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left">
<A name="107"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 2. MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>OVERVIEW</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">National Beverage Corp. develops, manufactures, markets and distributes a complete portfolio of
quality beverage products throughout the United States. Incorporated in Delaware in 1985, National
Beverage Corp. is a holding company for various operating subsidiaries. In this report, the terms
&#147;we,&#148; &#147;us,&#148; &#147;our,&#148; &#147;Company&#148; and &#147;National Beverage&#148; mean National Beverage Corp. and its
subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We consider ourselves to be a leader in the development and sale of flavored beverage products in
the United States, offering the widest selection of flavored soft drinks, juices, sparkling waters
and energy drinks. Our flavor development spans over 100&nbsp;years originating with our flagship
brands, Shasta<SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP> and Faygo<I><SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP>, </I>each of which has over 50 flavor varieties. We also maintain a diverse
line of flavored beverage products geared to the health-conscious consumer, including Everfresh<I><SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP>,</I>
Home Juice<I><SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP>, </I>and Mr.&nbsp;Pure<I><SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP> </I>100% juice and juice-based products; and LaCroix<I><SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP>, </I>Mt. Shasta<I><SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP></I>, Crystal
Bay<SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP> and ClearFruit<I><SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP> </I>flavored, sparkling, and spring water products; and &#192;Sant&#233;&#153;
nutritionally-enhanced waters. In addition, we produce Rip It<SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP> energy drinks, Ohana<SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP>
fruit-flavored drinks and St. Nick&#146;s<SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP> holiday soft drinks. Substantially all of our brands are
produced in thirteen manufacturing facilities that are strategically located in major metropolitan
markets throughout the continental United States. To a lesser extent, we develop and produce soft
drinks for certain retailers and beverage companies (&#147;allied brands&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our strategy emphasizes the growth of our products by offering a branded beverage portfolio of
proprietary flavors; by supporting the franchise value of regional brands and expanding those
brands with distinctive packaging and broader demographic emphasis; by developing and acquiring
innovative products tailored toward healthy lifestyles; and by appealing to the &#147;quality-price&#148;
expectations of the family consumer. We believe that the &#147;regional share dynamics&#148; of our brands
perpetuate consumer loyalty within local regional markets, resulting in more retailer sponsored
promotional activities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Over the last several years, we have focused on increasing penetration of our brands in the
convenience channel through Company-owned and independent distributors. The convenience channel
consists of convenience stores, gas stations, and other smaller &#147;up-and-down-the-street&#148; accounts.
Because of the higher retail prices and margins that typically prevail, we have undertaken several
measures to expand convenience channel distribution in recent years. These include development of
products specifically targeted to this market, such as ClearFruit, Crystal Bay, Rip It, &#192;Sant&#233; and
Sundance<SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP>. Additionally, we have created proprietary and specialized packaging with distinctive
graphics for these products. We intend to continue our focus on enhancing growth in the
convenience channel through both specialized packaging and innovative product development.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Beverage industry sales are seasonal with the highest volume typically realized during the summer
months. Additionally, our operating results are subject to numerous factors, including
fluctuations in the costs of raw materials, changes in consumer preference for beverage products
and competitive pricing in the marketplace.
</DIV>




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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>RESULTS OF OPERATIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Three Months Ended August&nbsp;2, 2008 (first quarter of fiscal 2009) compared to</U><BR>
<U>Three Months Ended July&nbsp;28, 2007 (first quarter of fiscal 2008)</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Net sales for the first quarter of fiscal 2009 increased .8% to $152.9&nbsp;million compared to the
first quarter of fiscal 2008. The net sales increase reflects case volume growth of 5.4% for the
Company&#146;s energy drinks, juices and waters along with the effect of a 4.8% improvement in unit
pricing due to product mix and price increases instituted to recover higher raw material costs.
This improvement was partially offset by a 3.7% decline in branded carbonated soft drink volume.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Gross profit approximated 30.1% of net sales for the first quarter of fiscal 2009 compared to 30.6%
of net sales for the first quarter of fiscal 2008. Gross margin was negatively affected by higher
raw material costs and lower volume partially offset by the higher unit pricing mentioned above.
Cost of goods sold per unit increased approximately 5.5%.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Selling, general and administrative expenses were $34.1&nbsp;million or 22.3% of net sales for the first
quarter of fiscal 2009 compared to $35.6&nbsp;million or 23.5% of net sales for last year. The decrease
in expenses is due to lower marketing expenses.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Other income includes interest income of $202,000 (fiscal 2009) and $362,000 (fiscal 2008). The
decline in interest income is due to lower average investment balances as a result of the $36.7
million cash dividend paid in August&nbsp;2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company&#146;s effective rate for income taxes, based upon estimated annual income tax rates,
approximated 35.9% of income before taxes for the first quarter of fiscal 2009 and 35.5% for the
comparable period in fiscal 2008. The difference between the effective rate and the federal
statutory rate of 35% was primarily due to the effects of state income taxes, nondeductible
expenses and nontaxable interest income.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Net income was $7.8&nbsp;million for the first quarter of fiscal 2009 compared to $7.2&nbsp;million for the
first quarter of fiscal 2008.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>LIQUIDITY AND FINANCIAL CONDITION</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Liquidity and Capital Resources</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our current sources of capital are cash flows from operations and borrowings under existing credit
facilities. We maintain unsecured revolving credit facilities aggregating $75&nbsp;million of which $2.7
million was used for standby letters of credit at August&nbsp;2, 2008. There was no debt outstanding
under the credit facilities. We believe that our capital resources are sufficient to fund our
capital expenditures, dividends and working capital requirements for the foreseeable future.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Cash Flows</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During the first three months of fiscal 2009, $6.4&nbsp;million was provided by operating activities,
$784,000 was provided by investing activities and $242,000 was provided by financing activities.
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Financial Position</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During the first three months of fiscal 2009, our working capital increased $9.6&nbsp;million to $99.0
million primarily due to cash provided by operating activities. Trade receivables and inventories
increased due to higher volume related to seasonality. Prepaid and other assets decreased primarily due to a
decline in income tax refund receivables. The current ratio was 2.5 to 1 at August&nbsp;2, 2008 and 2.3
to 1 at May&nbsp;3, 2008.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>NEW ACCOUNTING STANDARDS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See Note 7 of Notes to Condensed Consolidated Financial Statements for information about recently
adopted accounting standards.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>FORWARD-LOOKING STATEMENTS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Certain statements in this Quarterly Report on Form 10-Q (this &#147;Form&nbsp;10-Q&#148;) constitute
&#147;forward-looking statements&#148; within the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievements expressed or implied by
such forward-looking statements. Such factors include, but are not limited to, the following:
general economic and business conditions; pricing of competitive products; success in acquiring
other beverage businesses; success of new product and flavor introductions; fluctuations in the
costs of raw materials; our ability to increase prices; continued retailer support for our
products; changes in consumer preferences; success of implementing business strategies; changes in
business strategy or development plans; government regulations; regional weather conditions; and
other factors referenced in this Form 10-Q. We disclaim an obligation to update any such factors
or to publicly announce the results of any revisions to any forward-looking statements contained
herein to reflect future events or developments.
</DIV>

<DIV align="left">
<A name="108"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There are no material changes to the disclosures made on this matter in the Company&#146;s Annual Report
on Form 10-K for the fiscal year ended May&nbsp;3, 2008.
</DIV>

<DIV align="left">
<A name="109"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 4. CONTROLS AND PROCEDURES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of the end of the period covered by this report, we carried out an evaluation, under the
supervision and with the participation of the Company&#146;s management, including our Chief Executive
Officer and Principal Financial Officer, of the effectiveness of the design and operation of our
&#147;disclosure controls and procedures&#148;, as defined in Rule&nbsp;13a-15(e) of the Exchange Act. Based upon
that evaluation, the Chief Executive Officer and Principal Financial Officer concluded that our
disclosure controls and procedures were effective to ensure information required to be disclosed by
us in reports we file or submit under the Exchange Act is (1)&nbsp;recorded, processed, summarized and
reported within the time periods specified in SEC rules and forms, and (2)&nbsp;accumulated and
communicated to our management, including our Chief Executive Officer and Principal Financial
Officer, to allow timely decisions regarding required disclosure.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There has been no change in our internal control over financial reporting that occurred during our
most recent fiscal quarter that has materially affected, or is reasonably likely to materially
affect, our internal control over financial reporting.
</DIV>

<DIV align="left">
<A name="110"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II &#151; OTHER INFORMATION</B>
</DIV>

<DIV align="left">
<A name="111"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 6. EXHIBITS</B>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Second Amended and Restated Credit Agreement between NEWBEVCO, INC. and
COMERICA BANK</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">31.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certification of Chief Executive Officer pursuant to Section&nbsp;302 of the
Sarbanes-Oxley Act of 2002</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">31.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certification of Principal Financial Officer pursuant to Section&nbsp;302 of
the Sarbanes-Oxley Act of 2002</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">32.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certification of Chief Executive Officer pursuant to Section&nbsp;906 of the
Sarbanes-Oxley Act of 2002</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">32.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certification of Principal Financial Officer pursuant to Section&nbsp;906 of
the Sarbanes-Oxley Act of 2002</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->12<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="left">
<A name="112"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURE</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned thereunto duly authorized.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: September&nbsp;11, 2008
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">National Beverage Corp.<BR>

(Registrant)<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Dean A. McCoy
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Dean A. McCoy&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="left">Senior Vice President and
Chief Accounting Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->13<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>g15058exv10w1.htm
<DESCRIPTION>EX-10.1 SECOND AMENDED & RESTATED CREDIT AGREEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-10.1 Second Amended & Restated Credit Agreement</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">EXHIBIT&nbsp;10.1
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV style="width: 100%; border-bottom: 3px double #000000; font-size: 1px">&nbsp;</DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECOND AMENDED AND RESTATED CREDIT AGREEMENT</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Between</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>NEWBEVCO, INC.</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>And</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>COMERICA BANK</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>DATED AS OF JUNE 30, 2008</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>$50,000,000 Revolving Credit</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><DIV style="width: 100%; border-bottom: 3px double #000000; font-size: 1px">&nbsp;</DIV>

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TABLE OF CONTENTS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>SECTION 1. DEFINITIONS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>1.1 Defined Terms</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>SECTION 2. AMOUNT AND TERMS OF CREDIT</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>2.1 The Revolving Credit</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>2.2 &#091;Intentionally deleted.&#093;</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>2.3 Use of Proceeds of Revolving Credit</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>2.4 Interest Rate</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>2.5 Prepayment</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>2.6 Fees</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>16</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>SECTION 3. SECURITY AND GUARANTY</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>16</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>3.1 Security Interest</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>16</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>3.2 Guaranty</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>17</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>SECTION 4. REPRESENTATIONS AND WARRANTIES</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>17</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>4.1 Corporate Existence; Power; Compliance with Law; Restricted
Subsidiaries; Name History</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>17</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>4.2 Capital Stock; Parent; Subsidiaries</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>17</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>4.3 Corporate Power and Authorization to Execute Loan Documents;
No Conflict; No Consent</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>18</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>4.4 Enforceable Obligations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>19</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>4.5 Financial Condition</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>4.6 No Litigation</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>4.7 Investment Company Act; Regulation</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>4.8 Disclosure and No Untrue Statements</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>21</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>4.9 Title to Assets; Leases in Good Standing</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>21</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>4.10 Investments. As of the date hereof, t</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>4.11 Payment of Taxes</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>4.12 Agreement or Contract Restrictions; No Default</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>4.13 Patents, Trademarks, Licenses, Etc</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>4.14 &#091;RESERVED&#093;</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>23</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>4.15 Compliance with ERISA; Multiemployer Plans</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>23</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>4.16 Compliance with Environmental Laws</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>24</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>4.17 Labor Relations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>25</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>SECTION 5. CONDITIONS OF LENDING</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>26</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>5.1 Continuing Accuracy of Representations and Warranties</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>26</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>5.2 No Default</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>26</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>5.3 Opinion of the Borrower&#146;s Counsel</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>26</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>5.5 Loan Documents</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>26</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>5.6 Supporting Documents</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>26</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->i<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>SECTION 6. AFFIRMATIVE COVENANTS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>27</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>6.1 Financial Reports and Other Information</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>27</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>6.2 Payment of Indebtedness to the Bank; Performance of other
Covenants; Payment of Other Obligations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>29</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>6.3 Conduct of Business; Maintenance of Existence and Rights</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>29</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>6.4 Maintenance of Property</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>29</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>6.5 Right of Inspection; Discussions</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>29</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>6.6 Notices</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>30</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>6.7 Payment of Taxes; Liens</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>31</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>6.8 Insurance of Properties</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>32</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>6.9 True Books</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>32</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>6.10 Observance of Laws</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>32</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>6.11 Further Assurances</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>32</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>6.12 ERISA</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>32</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>6.13 Change of Name, Principal Place of Business, Office, or
Agent</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>33</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>6.14 Financial Covenants</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>33</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>SECTION 7. NEGATIVE COVENANTS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>33</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>7.1 Limitations on Mortgages, Liens, Etc</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>33</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>7.2 Consolidation and Merger, Sale of Assets, Etc</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>33</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>7.3 Transfer and Sale of Assets; Sale and Leaseback</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>34</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>7.4 Payment Restrictions</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>35</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>7.5 Limitations on Distributions</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>36</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>7.6 &#091;RESERVED&#093;</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>36</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>7.7 Regulation&nbsp;U</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>36</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>7.8 Transactions with Affiliates</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>36</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>7.9 Limitation on Nature of Business</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>36</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>7.10 Restricted Subsidiaries</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>36</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>7.11 Changes in Governing Documents, Accounting Methods, Fiscal
Year</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>37</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>7.12 Limitation on Incurrence of Funded Debt</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>37</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>SECTION 8. EVENTS OF DEFAULT</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>38</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>8.1 Payment of Obligations Under Loan Documents</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>38</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>8.2 Representation or Warranty</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>38</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>8.3 Covenants under this Agreement</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>38</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>8.4 Other Covenants Under the Loan Documents</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>38</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>8.5 Payment, Performance, or Default of other Monetary
Obligations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>38</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>8.6 Covenants or Defaults to the Bank or Others; Revocation of
Guaranty</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>39</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>8.7 Liquidation; Dissolution; Bankruptcy; Etc</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>39</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>8.8 Involuntary Bankruptcy, Etc</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>39</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>8.9 Judgments</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>39</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>8.10 Attachment, Garnishment, Liens Imposed by Law</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>40</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>8.11 ERISA</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>40</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>8.12 Corporate Existence</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>40</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->ii<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>SECTION 9. REMEDIES OF THE BANK</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>40</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>SECTION 10. CHANGES IN LAW OR CIRCUMSTANCES; INCREASED COSTS; PRICING GRID</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>41</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>10.1 Reimbursement of Prepayment Costs</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>41</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>10.2 Bank&#146;s Eurocurrency Lending Office</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>42</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>10.3 Circumstances Affecting Eurocurrency-based Rate Availability</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>42</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>10.4 Laws Affecting Eurocurrency-based Advance Availability</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>42</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>10.5 Increased Cost of Eurocurrency-based Advances</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>42</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>10.6 Other Increased Costs</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>43</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>10.7 Margin Adjustment</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>44</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>SECTION 11. MISCELLANEOUS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>44</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.1 Course of Dealing; Amendment; Supplemental Agreements</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>44</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.2 Waiver By the Bank of Requirements</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>44</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.3 Waiver of Default</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>44</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.4 Notices</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>45</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.5 No Waiver; Cumulative Remedies</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>45</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.6 Reliance Upon, Survival of, and Materiality of
Representations and Warranties, Agreements, and Covenants</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>45</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.7 Set-Off</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>46</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.8 Severability and Enforceability of Provisions</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>46</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.9 Payment of Expenses, Including Attorneys&#146; Fees and Taxes</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>46</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.10 Obligations Absolute</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>47</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.11 Successors and Assigns</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>47</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.12 Counterparts; Effective Date</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>47</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.13 Participations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>47</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.14 Law of Michigan</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>48</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.15 Consent to Jurisdiction</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>48</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.16 Title and Headings; Table of Contents</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>48</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.17 Complete Agreement; No Other Consideration</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>48</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.18 Legal or Governmental Limitations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>48</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.19 Interest</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>48</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.20 Independence of Covenants</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>49</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.21 Amendment and Restatement</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>49</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>11.22 WAIVER OF TRIAL BY JURY</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>49</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->iii<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECOND AMENDED AND RESTATED CREDIT AGREEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Second Amended and Restated Credit Agreement is made and entered into as of this
30<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day of June, 2008, by and between <B>NewBevCo, Inc.</B>, a Delaware corporation (the
&#147;Borrower&#148;) and <B>Comerica Bank </B>(the &#147;Bank&#148;).
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>RECITALS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;Borrower and Bank entered into that certain Amended and Restated Credit Agreement dated as
of December&nbsp;10, 1998, as amended (the &#147;Existing Credit Agreement&#148;), establishing a revolving line
of credit in the amount of $20,000,000.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;Borrower has requested that Bank increase the revolving credit facility to $50,000,000 and
in connection therewith, Bank and Borrower desire to amend and restate the Existing Credit
Agreement as set forth below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>NOW, THEREFORE</B>, in consideration of the premises and the mutual agreements, covenants, and
conditions herein, the Borrower and the Bank agree that the Existing Credit Agreement is amended
and restated as follows:
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECTION 1. DEFINITIONS.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1.1 </B><U><B>Defined Terms</B></U>. Except as otherwise expressly provided in this Agreement, the
capitalized terms used in the foregoing preamble and background sections and the following
capitalized terms shall have the respective meanings ascribed to them for all purposes of this
Agreement:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Advance&#148; means a borrowing requested by Borrower and made by Bank under Section&nbsp;2.1(a) of
this Agreement, including without limitation any readvance, refunding or conversion of such
borrowing pursuant to Section&nbsp;2.1(c) hereof, and shall include, as applicable, a Eurocurrency-based
Advance and/or Prime-based Advance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Affiliate&#148; means with respect to any Person, any other Person (i)&nbsp;which, directly or
indirectly, through one or more intermediaries controls, or is controlled by, or is under common
control with, such Person or another Affiliate of such Person, (ii)&nbsp;which beneficially owns or
holds 10% or more of the shares of any class of the voting stock of such Person, or (iii)&nbsp;10% or
more of the shares of any class of voting stock of which is beneficially owned or held of record by
such Person or any of its Subsidiaries. The term &#147;control&#148; means the possession, directly or
indirectly, of the power to direct or cause the direction of the management and policies of a
Person, whether through the ownership of voting stock, by contract, or otherwise. The term
&#147;Affiliate,&#148; when used herein without reference to any Person, shall mean an Affiliate of the
Borrower.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Agreement&#148; means this Second Amended and Restated Credit Agreement, as the same may be
amended, restated, supplemented, or replaced from time to time in accordance with the provisions
hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Applicable Facility Fee Percentage&#148; shall mean, as of any date of determination thereof, the
applicable percentage used to calculate the facility fee due and payable under section 2.06(a) of
this Agreement determined by reference to the appropriate columns in the pricing grid attached to
this Agreement as Schedule&nbsp;10.7, such Applicable Facility Fee Percentage to be adjusted solely as
specified in Section&nbsp;10.7 hereof
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Applicable Interest Rate&#148; shall mean the Prime-based Rate or the Eurocurrency-based Rate as
selected by Borrower from time to time pursuant to the terms of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Applicable Letter of Credit Percentage&#148; shall mean, as of any date of determination thereof,
the applicable percentage used to calculate fees due and payable hereunder with respect to Letters
of Credit determined by reference to the appropriate columns in the pricing grid attached to this
Agreement as Schedule&nbsp;10.7, such Applicable Letter of Credit Percentage to be adjusted as provided
in Section&nbsp;10.7 hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Applicable Margin&#148; shall mean, as of any date of determination thereof, the applicable
interest rate margin for the Eurocurrency-based Rate and the Prime-based Rate determined by
reference to the appropriate columns in the pricing grid attached to this Agreement as Schedule
10.7, such Applicable Margin to be adjusted as provided in Section&nbsp;10.7 hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Attributable Indebtedness&#148; shall mean, as of the date of any determination thereof, with
respect to any Capital Lease under which any Person is a lessee, the sum of the present value of
the amount of each remaining payment of rent under the terms of such Capital Lease (including any
period for which the term of any such Capital Lease has been or may be, at the option of the
lessor, extended), as such amount would be reflected on the liability side of a balance sheet in
accordance with GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Bank&#148; has the meaning specified in the first sentence hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Barnett Loan Agreement&#148; means that certain Credit Agreement dated as of September&nbsp;23, 1993
between Borrower and Barnett Bank of Broward County, N.A. (now Bank of America, N.A.), as amended,
and as may be further amended, restated, supplemented or replaced from time to time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Borrower&#148; has the meaning specified in the first sentence hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Business Day&#148; means any day on which commercial banks are open for domestic and international
business in Detroit, London and New York.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Capital Lease&#148; means any Lease or other agreement for the use of property which is required
to be capitalized on a balance sheet of the lessee or other user of property in accordance with
GAAP.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Code&#148; means the Internal Revenue Code of 1986, as amended from time to time, and any
successor statute, together with the rules and regulations thereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Committed Amount&#148; has the meaning specified in Section&nbsp;2.1(a) hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Consolidated Depreciation Expense&#148; means, for any fiscal period, without duplication, the
consolidated expense of the Borrower and its Restricted Subsidiaries during such fiscal period for
depreciation and amortization, determined in accordance with GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Consolidated EBITDA&#148; means for any period, Consolidated Net Income for such period, plus,
without duplication and only to the extent reflected as a charge or reduction in the statement of
such Consolidated Net Income for such period, the sum of (a)&nbsp;Consolidated Income Tax Expense, (b)
Consolidated Interest Expense, and (c)&nbsp;Consolidated Depreciation Expense, in each case determined
in accordance with GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Consolidated Funded Debt&#148; means at any date, the aggregate amount of all Funded Debt of the
Borrower and the Restricted Subsidiaries at such date, all as determined in accordance with GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Consolidated Income Tax Expense&#148; means for any period the aggregate amount of taxes based on
the income or profits of Borrower and its Restricted Subsidiaries determined in accordance with
GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Consolidated Interest Expense&#148; shall mean for any period the total interest expense
(including that attributable to Capital Leases) of Borrower and its Restricted Subsidiaries,
determined in accordance with GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Consolidated Net Income&#148; means for any period, the consolidated net income (or loss) of the
Borrower and its Restricted Subsidiaries, determined on a consolidated basis in accordance with
GAAP; provided that there shall be excluded (a)&nbsp;the income (or deficit) of any Person accrued prior
to the date it becomes a Restricted Subsidiary or is merged into or consolidated with the Borrower
or any of its Subsidiaries, (b)&nbsp;the income (or deficit) of any Person (other than a Restricted
Subsidiary) in which any of its Subsidiaries has an ownership interest, except to the extent that
any such income is actually received by the Borrower or such Restricted Subsidiary in the form of
dividends or similar distributions, and (c)&nbsp;the undistributed earnings of any Subsidiary of the
Borrower to the extent that the declaration or payment of dividends or similar distributions by
such Subsidiary is not at the time permitted by the terms of any agreement (other than under any
Loan Document) or legal requirement applicable to such Subsidiary.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Consolidated Net Worth&#148; means at any date, the total common shareholders&#146; equity of Borrower
and its Restricted Subsidiaries, as reflected on the most recent regularly prepared quarterly or
annual balance sheet of Borrower and such Restricted Subsidiaries, which balance sheet shall be
prepared in accordance with GAAP, minus all Investments of Borrower and its Restricted Subsidiaries
that are not Permitted Investments.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Default&#148; means an event which with the giving of notice or passage of time, or both, would
constitute an Event of Default.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;ERISA&#148; means the Employee Retirement Income Security Act of 1974, as amended from time to
time and any successor statute, together with the rules and regulations thereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;ERISA Affiliate&#148; means any Person which is under &#147;common control&#148; with the Borrower or any
Subsidiary (within the meaning of Section&nbsp;414 (b)&nbsp;or (c)&nbsp;of the Code or Section&nbsp;4001 (a) (14)&nbsp;of
ERISA).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;ERISA Termination Event&#148; means (a)&nbsp;a &#147;reportable events (within the meaning of Section
4043(b) of ERISA) with respect to a Pension Plan (other than a &#147;reportable event&#148; as to which the
PBGC h(is by regulation waived the 30&nbsp;day notice requirement under Section&nbsp;4043 (a)&nbsp;of ERISA);
<u>provided</u>, <u>however</u>, that a failure to meet the minimum funding standards of Section&nbsp;412 of the Code
shall be an ERISA Termination Event regardless of the issuance of any waiver under Section 412(d)
of the Code; (b)&nbsp;the withdrawal of the Borrower, any Subsidiary, or any ERISA Affiliate from a
Pension Plan during a plan year in which it was a &#147;substantial employer&#148; (within the meaning of
Section&nbsp;4001 (a) (2)&nbsp;of ERISA) (c)&nbsp;the complete or partial withdrawal of the Borrower, any
Subsidiary, or any ERISA Affiliate from a Multiemployer Plan under Section&nbsp;4201 or 4204 or ERISA;
(d)&nbsp;the receipt by the Borrower, any Subsidiary, or any ERISA Affiliate of notice from a
Multiemployer Plan that is in reorganization or insolvent under Section&nbsp;4241 or 4245 of ERISA or
that it intends to terminate or has terminated under Section&nbsp;4041A of ERISA; (e)&nbsp;the providing of a
notice of intent to terminate a Pension Plan pursuant to Section 4041(a) (2)&nbsp;of ERISA or the
treatment of a Pension Plan amendment as a termination under Section 4041(e) of ERISA; (f)&nbsp;the
institution of proceedings by the PBGC to terminate a Pension Plan or the appointment of a trustee
to administer any Pension Plan under Section&nbsp;4042 of ERISA; (g)&nbsp;the receipt by the Borrower, any
Subsidiary, or any ERISA Affiliate of a notice from any Multiemployer Plan that any action
described in clause (f)&nbsp;has been taken with respect to that Multiemployer Plan; or (h)&nbsp;any other
event or condition which might constitute grounds under Section&nbsp;4042 of ERISA for the termination
of, or the appointment of a trustee to administer, any Pension Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Eurocurrency-based Advance&#148; means an Advance which bears interest at the Eurocurrency-based
Rate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Eurocurrency-based Rate&#148; means, with respect to any Eurocurrency-Interest Period, the per
annum interest rate which is equal to the sum of the Applicable Margin plus the quotient of:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the per annum interest rate at which deposits in eurocurrency are offered to
Bank&#146;s Eurocurrency Lending Office by other prime banks in the eurocurrency market in
an amount comparable to the relevant Eurocurrency-based Advance and for a period equal
to the relevant Eurocurrency-Interest Period at approximately 11:00&nbsp;a.m. Detroit time
two (2)&nbsp;Business Days prior to the first day of such Eurocurrency-Interest Period,
divided by</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an amount equal to one minus the stated maximum rate (expressed as a decimal)
of all reserve requirements (including, without limitation, any marginal, emergency,
supplemental, special or other reserves) that is specified on the first day of such
Eurocurrency-Interest Period by the Board of Governors of the Federal Reserve System
(or any successor agency thereto) for determining the</TD>
</TR>

</TABLE>
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>maximum reserve requirement with respect to eurocurrency funding (currently referred
to as &#147;eurocurrency liabilities&#148; in Regulation&nbsp;D of such Board) maintained by a
member bank of such System,</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">all as conclusively determined (absent manifest error) by the Bank.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Eurocurrency-Interest Period&#148; means the Interest Period applicable to a Eurocurrency-based
Advance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Eurocurrency Lending Office&#148; means Bank&#146;s office located at Grand Cayman, British West Indies
or such other branch or branches of Bank, domestic or foreign, as it may hereafter designate as a
Eurocurrency Lending Office by notice to Borrower.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Event of Default&#148; means any of the events specified in Section&nbsp;8 hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Exchange Act&#148; means the Securities and Exchange Act of 1934, as amended from time to time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Federal Funds Effective Rate&#148; means, for any day, a fluctuating interest rate per annum equal
to the weighted average of the rates on overnight Federal funds transactions with members of the
Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such
day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New
York, or, if such rate is not so published for any day which is a Business Day, the average of the
quotations for such day on such transactions received by Bank from three Federal funds brokers of
recognized standing selected by it, all as conclusively determined by the Bank, such sum to be
rounded upward, if necessary, to the nearest whole multiple of 1/16th of 1%.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Funded Debt&#148; of any Person means (a)&nbsp;all indebtedness of such Person for borrowed money or for
the deferred purchase price of property or services as of such date (other than operating leases
and trade liabilities incurred in the ordinary course of business) or which is evidenced by a note,
bond, debenture or similar instrument, (b)&nbsp;the principal component of all obligations of such
person under Capital Leases, (c)&nbsp;all reimbursement obligations (actual, contingent or otherwise) of
such Person in respect of letters of credit, acceptances or similar obligations issued or created
for the account of such Person, (d)&nbsp;all liabilities secured by any liens on any property owned by
such Person as of such date even though such Person has not assumed or otherwise become liable for
the payment thereof, in each case determined in accordance with GAAP; provided, however, that so
long as such Person is not personally liable for such liabilities, the amount of such liability
shall be deemed to be the lesser of the fair market value at such date of the property subject to
the lien securing such liability and the amount of the liability secured, and (e)&nbsp;all Guarantee
Obligations in respect of any liability which constitutes Funded Debt.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;GAAP&#148; shall mean generally accepted accounting principles in the United States of America, as
in effect on the date hereof, consistently applied.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Guaranty&#148; and &#147;Guaranties&#148; have the meaning specified in Section&nbsp;3.2 hereof.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Guarantee Obligation&#148; shall mean as to any Person (the &#147;guaranteeing person&#148;) any obligation
of the guaranteeing person in respect of any obligation of another Person (including, without
limitation, any bank under any letter of credit), the creation of which was induced by a
reimbursement agreement, counter indemnity or similar obligation issued by the guaranteeing person,
in either case guaranteeing or in effect guaranteeing any Debt, leases, dividends or other
obligations (the &#147;primary obligations&#148;) of any other third Person (the &#147;primary obligor&#148;) in any
manner, whether directly or indirectly, including, without limitation, any obligation of the
guaranteeing person, whether or not contingent, (i)&nbsp;to purchase any such primary obligation or any
property constituting direct or indirect security therefor, (ii)&nbsp;to advance or supply funds (1)&nbsp;for
the purchase or payment of any such primary obligation or (2)&nbsp;to maintain working capital or equity
capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary
obligor, (iii)&nbsp;to purchase property, securities or services primarily for the purpose of assuring
the owner of any such primary obligation of the ability of the primary obligor to make payment of
such primary obligation or (iv)&nbsp;otherwise to assure or hold harmless the owner of any such primary
obligation against loss in respect thereof; provided, however, that the term Guarantee Obligation
shall not include endorsements of instruments for deposit or collection in the ordinary course of
business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be
the lower of (a)&nbsp;an amount equal to the stated or determinable amount of the primary obligation in
respect of which such Guarantee Obligation is made and (b)&nbsp;the maximum amount for which such
guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee
Obligation, unless such primary obligation and the maximum amount for which such guaranteeing
person may be liable are not stated or determinable, in which case the amount of such Guarantee
Obligation shall be such guaranteeing person&#146;s maximum reasonably anticipated liability in respect
thereof as determined by the Credit Parties in good faith.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Interest Period&#148; means, with respect to a Eurocurrency-based Advance, one (1), two (2), three
(3)&nbsp;or six (6)&nbsp;months (or any lesser or greater number of days agreed to in advance by Borrower and
Bank) as selected by Borrower pursuant to Section&nbsp;2.1, provided, however, that any
Eurocurrency-Interest Period which commences on the last Business Day of a calendar month (or on
any day for which there is no numerically corresponding day in the appropriate subsequent calendar
month) shall end on the last Business Day of the appropriate subsequent calendar month. Each
Interest Period which would otherwise end on a day which is not a Business Day shall end on the
next succeeding Business Day or, if such next succeeding Business Day falls in the next succeeding
calendar month, on the next preceding Business Day, and no Interest Period which would end after
the Termination Date shall be permitted with respect to any Advance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Investment&#148; means any loan, advance, or extension of credit, without duplication (except for
accounts and notes receivable for merchandise sold or services furnished in the ordinary course of
business, and amounts paid in advance on account of the purchase price of merchandise to be
delivered to the payor within one year of the date of the advance), or purchase of stock, notes,
bonds, or other securities, evidences of indebtedness, or property not used in the business
activities of the Borrower or a Restricted Subsidiary, or capital contribution to any Person,
whether in cash or other property.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;IRS&#148; means the Internal Revenue Service or any successor thereof.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Lease&#148; means any lease of property, whether real, personal, or mixed, with a remaining term
of at least one year (including any period for which such lease is renewable at the option of the
lessor) other than leases between the Borrower and its Restricted Subsidiaries and leases between
Restricted Subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Letter of Credit&#148; shall have the meaning set forth in Section&nbsp;2.1(f) of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Letter of Credit Documents&#148; shall have the meaning set forth in Section&nbsp;2.1(f) of this
Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Letter of Credit Reserve&#148; shall mean as of any date of determination thereof, an amount equal
to the undrawn amount of all Letters of Credit plus the unreimbursed amount of any draws under
Letters of Credit honored by Bank.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Lien&#148; means any interest in property securing an obligation owed to, or a claim by, any
Person other than the owner of the property, whether such interest shall be based on the common
law, civil law, statute, civil code, or contract, whether or not such interest shall be recorded or
perfected, and whether or not such interest shall be contingent upon the occurrence of some future
event or events or the existence of some future circumstance or circumstances, and including the
lien, privilege, security interest, or other encumbrance arising from a mortgage, deed of trust,
hypothecation, transfer, assignment, pledge, adverse claim or charge, conditional sale, or trust
receipt, or from a lease, consignment, or bailment for security purposes. The term &#147;Lien&#148; also
includes reservations, exceptions, encroachments, easements, rights-of-way, covenants, conditions,
restrictions, leases, and other title exceptions and encumbrances affecting property. For the
purposes of this Agreement, a Person shall be deemed to be the owner of any property that such
Person shall have acquired or shall hold subject to a conditional sale agreement or other
arrangement (including a leasing arrangement) pursuant to which title to the property shall have
been retained by or vested in some other Person for security purposes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Loan Documents&#148; means this Agreement, the Revolving Credit Note, the Letter of Credit
Documents, the Guaranties, the Documentary Stamp Tax and Intangible Tax Indemnification Agreement,
the Environmental Certificate and each of the Security Documents delivered to Bank at any time
after the date hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Moody&#146;s&#148; means Moody&#146;s Investors Service, Inc.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Multiemployer Plan&#148; means any Plan that is a &#147;multiemployer plan&#148; (within the meaning of
Section&nbsp;4001(a)(3) of ERISA).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Parent&#148; means National Beverage Corp., a Delaware corporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;PBGC&#148; means the Pension Benefit Guaranty Corporation or any successor thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Pension Plan&#148; means any Plan that is an &#147;employee pension benefit plan&#148; (within the meaning
of Section&nbsp;3 (2)&nbsp;of ERISA).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Permitted Acquisition&#148; shall mean any acquisition (including by way of merger or
consolidation) by Borrower or any Restricted Subsidiary of all or substantially all of the assets
of
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">another Person, or of a division or line of business of another Person, or capital stock or
other equity interests of another Person, which is conducted in accordance with the following
requirements:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Both immediately before and after such acquisition, no Default or Event of Default shall
have occurred and be continuing; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The board of directors (or other Person(s) exercising similar functions) of the seller of
the assets or issuer of the capital stock or other equity interests being acquired shall not have
disapproved such transaction or recommended that such transaction be disapproved.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Permitted Investment&#148; means any of the following Investments:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Marketable direct obligations issued or unconditionally guaranteed by the United States of
America or any agency thereof and maturing within one year from the date of acquisition thereof;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Commercial paper of any corporation incorporated in the United States of America having
(i)&nbsp;a rating of &#147;A-1&#148; or better by S&#038;P or &#147;P-1&#148; or better by Moody&#146;s and (ii)&nbsp;combined capital,
surplus, and undivided profits of not less than $100,000,000.00;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Certificates of deposit, repurchase agreements, bankers acceptances, eurocurrency
deposits, and yankee certificates of deposit (i)&nbsp;in an amount not in excess of the maximum amount
of insurance provided by the Federal Deposit Insurance Corporation, or (ii)&nbsp;issued by commercial
banks or trust companies incorporated under the laws of the United States of America, each being a
member of the Federal Deposit Insurance Corporation and having unsecured long-term debt that is
rated &#147;A-&#148; or better by S&#038;P or &#147;A3&#148; or better by Moody&#146;s;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Readily marketable debt securities issued by any state or municipality within the United
States or any political subdivision, agency, or instrumentality thereof maturing within twelve
months or less of the date of acquisition and rated &#147;MIG-1&#148; or better by Moody&#146;s;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Investments in so-called &#147;money market funds&#148; registered under the Investment Company Act
of 1940, as amended, and organized under the laws of the United States of America or any
jurisdiction thereof, having total net assets of at least $100,000,000.00 and investing primarily
in Investments of the types specified in clauses (a), (b), (c), and/or (d), but in each case
without limitation as to maturity (so that it may reasonably be expected that at any time at least
80% of its invested funds will be invested in such Investments);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Trust certificates or other instruments evidencing an ownership interest in debt
securities held by a trustee or custodian and meeting the requirements of clause (d)&nbsp;hereof (except
as to maturity), so long as the holder thereof has the right, at least as often as every thirty
(30)&nbsp;days, to cause the purchase of such trust certificate or other instrument by a bank which
meets the requirements of clause (c)&nbsp;hereof;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;Investments in (i)&nbsp;any Restricted Subsidiary or (ii)&nbsp;any corporation which, simultaneously
therewith, becomes a Restricted Subsidiary and which, in either case, is a Guarantor;
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;Investments in joint ventures as to which:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) no party to such joint venture (other than the entity created by such joint
venture) shall be an Affiliate of the Borrower;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the entity created by such joint venture shall not engage in any line of business
other than the lines of business in which the Borrower may engage pursuant to Section&nbsp;7.9
hereof; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the aggregate amount of the Borrower&#146;s Investment in such joint venture shall not
exceed the greater of $5,000,000 and 20% of Consolidated Net Worth.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;Other Investments held by the Borrower or any Restricted Subsidiary on the date of this
Agreement and described on Schedule&nbsp;1.1.C hereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Permitted Liens&#148; means:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Liens existing on the date of this Agreement which are: (i)&nbsp;described in Schedule&nbsp;1.1.A
hereto; or (ii)&nbsp;individually in each case, on property with a book value of less than $30,000 and
in the aggregate on property with a book value not exceeding $1,000,000 and which do not secure
Funded Debt;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Liens securing taxes, assessments, governmental charges or levies or the claims or
carriers, warehousemen, materialmen, mechanics and other like Persons not yet due or the payment of
which is not then required by this Agreement; provided, however, that this clause (b)&nbsp;shall not be
deemed to permit any Liens which may be imposed pursuant to Section&nbsp;4068 of ERISA or Section 412(n)
of the Code;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Liens incidental to the ordinary course of business or the ownership of properties and
assets, including, without limitation, (i)&nbsp;Liens, deposits, or pledges securing the performance of
bids, tenders, leases, or trade contracts, (ii)&nbsp;Liens securing statutory obligations (including
those arising under workers compensation, unemployment insurance, and other social security
legislation), (iii)&nbsp;Liens to secure the performance of surety and appeal bonds, performance bonds,
and other similar obligations; provided, however, that (A)&nbsp;any such Lien shall not be created in
connection with and shall not secure Funded Debt; (B)&nbsp;any obligation secured by any such Lien shall
not be overdue or, if overdue, is being contested in good faith by appropriate actions or
proceedings during which there is no right on the part of the secured party to seize, take
possession of or sell or cause the sale of the property subject to such Lien, and adequate book
reserves have been established in accordance with GAAP; and (C)&nbsp;all such Liens, pledges, and
deposits shall not in the aggregate materially impair the use or diminish the value of the
properties of the Borrower or any Restricted Subsidiary in the operation of the respective
businesses of the Borrower and the Restricted Subsidiaries provided, further, that this clause (C)
shall not be deemed to permit any Liens which may be imposed pursuant to Section&nbsp;4068 of ERISA or
Section 412(n) of the Code; or (iv)&nbsp;other Liens not in excess of 10% of Consolidated Net Worth;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&#091;RESERVED&#093;;
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Minor survey exceptions and minor encumbrances, easements, or reservations, or rights of
others for rights-of-way, utilities and other similar purposes, or zoning or other restrictions as
to the use of real properties, which are necessary for the conduct of the activities of the
Borrower and the Restricted Subsidiaries or which customarily exist on properties of corporations
engaged in similar activities and similarly situated and which do not in any event materially
impair the use or diminish the value of any of such properties in the operation of the businesses
of the Borrower and the Restricted Subsidiaries;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Liens originally created to secure payment of a portion of the purchase price relating to
fixed assets or equipment which the Borrower or any Restricted Subsidiary acquires after the date
hereof from a non-affiliate, provided, however, that (i)&nbsp;no such Lien shall extend to any other
property of the Borrower or any Restricted Subsidiary; (ii)&nbsp;the outstanding principal amount of
indebtedness secured by any such Lien shall not exceed 100% of the cost of the property subject to
such Lien;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;Liens securing indebtedness of a corporation outstanding on the date such corporation (i)
is designated as a Restricted Subsidiary pursuant to the provisions of this Agreement, (ii)&nbsp;merges
into or consolidates with the Borrower or any Restricted Subsidiary pursuant to the provisions of
Section&nbsp;7.3 hereof, or (iii)&nbsp;is acquired by the purchase of all or substantially all of such
corporation&#146;s assets and the assumption of such indebtedness of such corporation by the Borrower or
any Restricted Subsidiary; provided, however, that such Liens are not applicable to the Borrower or
any previously designated Restricted Subsidiary or the assets (other than the acquired assets) of
the Borrower or any previously designated Restricted Subsidiary; provided, further, that none of
such Liens is created prior to and in anticipation of such designation, merger, consolidation, or
acquisition;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;Liens which may arise to secure Indebtedness incurred under the Barnett Loan Agreement as
a result of security interests granted Bank in accordance with clause (ii)&nbsp;of Section&nbsp;3.1(b), so
long as property of the Borrower and/or Restricted Subsidiaries is subjected to such Liens in
compliance with the provisions of this Agreement; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;The extension, renewal, or replacement of any Lien specified in the foregoing clauses (a)
through (h); provided, however that (i)&nbsp;no property shall become subject to such extended, renewal,
or replacement Lien that was not subject to the Lien extended, renewed, or replaced; (ii)&nbsp;the
aggregate principal amount of Indebtedness secured by any such extended, renewed, or replacement
Lien shall not be increased by such extension, renewal, or replacement; (iii)&nbsp;the Indebtedness
secured by such Lien could be incurred in compliance with the applicable limitations of this
Agreement at the time of such extension, renewal, or replacement; and (iv)&nbsp;after giving effect
thereto, no Event of Default shall exist.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Person&#148; means any corporation, business entity, natural person, firm, joint venture,
partnership, trust, unincorporated organization, association, government, or any department or
agency of any government.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Plan&#148; means any &#147;employee benefit plan&#148; (within the meaning of Section&nbsp;3 (3)&nbsp;of ERISA) that
the Borrower, any Subsidiary, or any ERISA Affiliate maintains, contributes to, or
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">is obligated to contribute to for the benefit of employees or former employees of the
Borrower, any Subsidiary, or any ERISA Affiliate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Prime-based Advance&#148; means an Advance which bears interest at the Prime-based Rate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Prime-based Rate&#148; means for any day, that rate of interest which is equal to the greater of
(i)&nbsp;the Applicable Margin plus the Prime Rate <U>or</U> (ii)&nbsp;one percent (1%) plus the Federal
Funds Effective Rate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Prime Rate&#148; means the per annum rate of interest announced by Bank, at its main office from
time to time as its &#147;prime rate&#148; (it being acknowledged that such announced rate may not
necessarily be the lowest rate charged by Bank, to any of its customers), which Prime Rate shall
change simultaneously with any change in such announced rate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Responsible Officer&#148; means the Chief Executive Officer, Chief Operating Officer, Chief
Financial Officer or Chief Accounting Officer of the Borrower.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Restricted Subsidiary&#148; means the Subsidiaries designated as &#147;Restricted Subsidiaries&#148; in
Schedule&nbsp;1.1.B hereto, and any other Subsidiary that may be designated as a Restricted Subsidiary
by resolution of the board of directors of the Borrower so long as (i)&nbsp;such Subsidiary conducts
substantially all of its business and owns substantially all of its property within the United
States or such other location as is consented to by the Bank, and (ii)&nbsp;at least eighty percent
(80%) of each class of the voting stock and one hundred percent (100%) of the preferred stock of
such Subsidiary is legally and beneficially owned by the Borrower; provided, however, that any such
designation of a Subsidiary as a Restricted Subsidiary shall not be effective unless the provisions
of Section&nbsp;7.10 hereof shall have been complied with. Once a Subsidiary becomes a Restricted
Subsidiary, it may not thereafter become an Unrestricted Subsidiary.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Revolving Credit&#148; means the revolving credit loan to be advanced to the Borrower by Bank
pursuant to Section&nbsp;2.1 of this Agreement, in an aggregate amount, not to exceed, at any one time
outstanding, the Committed Amount.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Revolving Credit Note&#148; means the revolving credit note described in Section&nbsp;2.1 hereof, made
by Borrower payable to Bank, in the form annexed to this Agreement as Exhibit &#147;A&#148;, as such note may
be amended or supplemented from time to time, and other note issued in substitution, replacement or
renewal thereof from time to time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;S&#038;P&#148; means Standard &#038; Poor&#146;s Corporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Sale Leaseback Transaction&#148; has the meaning specified in Section&nbsp;7.3(b) hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;SEC&#148; means the Securities and Exchange Commission, or any successor organization.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Security Documents&#148; has the meaning set forth in Section&nbsp;3.1(b) hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Subsidiary&#148; means, for any Person, any corporation, partnership, or other entity of which
more than fifty percent (50%) of the securities or other ownership interests having ordinary voting
power to elect the board or directors or having direct power to perform functions
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">similar to that of a board of directors is at the time directly or indirectly owned or
controlled by such Person. Unless the context clearly indicates otherwise, the term, &#147;Subsidiary&#148;
refers to a subsidiary of the Borrower.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Substantial Sale of Assets&#148; means the sale of any assets of the Borrower or any Restricted
Subsidiary out of the ordinary course of business which, when aggregated with the proceeds of all
such asset sales by the Borrower and any Restricted Subsidiary after the date hereof, exceeds 50%
of the total consolidated tangible assets of the Borrower and its Restricted Subsidiaries on the
date hereof, as determined in accordance with GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Tax Sharing Agreement&#148; means the Tax Sharing Agreement dated as of June&nbsp;1, 1992, between the
Borrower and the Parent as presently in effect and any similar agreement approved in writing by the
Bank. The Borrower will not, nor will it permit any Restricted Subsidiary to, amend or supplement
any provision of a Tax Sharing Agreement without the prior written consent of the Bank, which
consent will not be unreasonably withheld.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Termination Date&#148; means April&nbsp;30, 2013, subject to the provisions of Section&nbsp;9 hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Unrestricted Subsidiary&#148; means a Subsidiary which is not a Restricted Subsidiary.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Voting Stock&#148; means with respect to a corporation, the stock of such corporation the holders
of which are ordinarily, in the absence of contingencies, entitled to elect members of the board of
directors (or other governing body) of such corporation, and with respect to any partnership, the
partnership interests in such partnership the owners of which are entitled to manage the management
of the affairs of the partnership or the designation of another Person as the Person entitled to
manage the affairs the partnership (it being understood that, in the case of any partnership,
&#147;shares of Voting Stock&#148; shall refer to such partnership interests).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1.2 </B><U><B>Other Definitional Provisions.</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The terms &#147;material&#148; and &#147;materially&#148; shall have the meanings ascribed to such terms under
GAAP as such would be applied to the business of the Borrower or others, except as the context
shall clearly otherwise require; (b)&nbsp;all of the terms defined in this Agreement shall have such
defined meanings when used in other documents issued under, or delivered pursuant to, this
Agreement unless the context shall otherwise require; (c)&nbsp;all terms defined in this Agreement in
the singular shall have comparable meanings when used in the plural, and vice versa; (d)&nbsp;accounting
terms to the extent not otherwise defined shall have the respective meanings given them under, and
shall be construed in accordance with GAAP; (e) &#147;hereof,&#148; &#147;herein,&#148; &#147;hereunder&#148; and words of
similar import when used in this Agreement shall refer to this Agreement as a whole and not to any
particular provision of this Agreement; (f)&nbsp;the masculine and neuter genders are used herein and
whenever used shall include the masculine, feminine, and neuter as well; and (g)&nbsp;whenever in this
Agreement any of the parties hereto is referred to, such reference shall be deemed to include the
successors and assigns of such parties unless the context shall expressly provide otherwise.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECTION 2. AMOUNT AND TERMS OF CREDIT.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.1 </B><u><B>The Revolving Credit.</B></u>
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Revolving Credit Commitment</U>. Subject to the terms and conditions of this
Agreement, Bank agrees to make Advances of the Revolving Credit to Borrower from time to time on
any Business Day during the period from the effective date hereof until (but excluding) the
Termination Date in an aggregate amount not to exceed at any one time outstanding Fifty Million
Dollars ($50,000,000) (the &#147;Committed Amount&#148;). All of such Advances hereunder shall be evidenced
by the Revolving Credit Note, under which advances, repayments and readvances may be made, subject
to the terms and conditions of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Accrual of Interest and Maturity</U>. The Revolving Credit Note, and all principal and
interest outstanding thereunder, shall mature and become due and payable in full on the Termination
Date, and each Advance evidenced by the Revolving Credit Note from time to time outstanding
hereunder shall, from and after the date of such Advance, bear interest at its Applicable Interest
Rate. The amount and date of each Revolving Credit Advance, its Applicable Interest Rate, its
Interest Period (if any), and the amount and date of any repayment shall be noted on Bank&#146;s
records, which records will be conclusive evidence thereof, absent manifest error; provided,
however, that any failure by the Bank to record any such information shall not relieve Borrower of
its obligation to repay the outstanding principal amount of such Advance, all interest accrued
thereon and any amount payable with respect thereto in accordance with the terms of this Agreement
and the other Loan Documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Requests for Advances and Requests for Refundings and Conversions of Advances</U>.
Borrower may request an Advance, refund any Advance in the same type of Advance or convert any
Advance to any other type of Advance only after delivery to Bank of a Request for Advance executed
by an authorized officer of Borrower, subject to the following and to the remaining provisions
hereof:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) each such Request for Advance shall set forth the information required on the
Request for Advance form annexed hereto as Exhibit &#147;B&#148;, including without limitation:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the proposed date of the Advance, which must be
a Business Day;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whether the Advance is a refunding or
conversion of an outstanding Advance; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(C)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whether such Advance is to be a Prime-based
Advance or a Eurocurrency-based Advance, and, except in the case of a
Prime-based Advance, the first Interest Period applicable thereto;</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) each such Request for Advance shall be delivered to Bank by 11:00&nbsp;a.m. (Detroit
time) two (2)&nbsp;Business Days prior to the proposed date of Advance, except in the case of a
Prime-based Advance, for which the Request for Advance must be delivered by 10 a.m. (Detroit
time) on such proposed date;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the principal amount of such requested Advance plus the principal amount of all
other Advances then outstanding hereunder, plus the Letter of Credit Reserve, shall not
exceed the Committed Amount;
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the principal amount of such Advance, plus the amount of any other outstanding
indebtedness under this Agreement to be then combined therewith having the same Applicable
Interest Rate and Interest Period, if any, shall be at least Two Hundred Fifty Thousand
Dollars ($250,000) or a larger integral multiple of Fifty Thousand Dollars ($50,000) and at
any one time there shall not be in effect more than ten (10)&nbsp;Interest Periods;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) each Request for Advance, once delivered to Bank, shall not be revocable by
Borrower, and shall constitute and include a certification by the Borrower as of the date
thereof that:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>both before and after the Revolving Credit
Advance, the obligations of the Borrower and Restricted Subsidiaries
set forth in this Agreement are valid, binding and enforceable
obligations of such parties;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to the best knowledge of Borrower all
conditions to Advances of the Revolving Credit have been satisfied; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(C)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>both before and after the Advance, there is no
Default or Event of Default in existence.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Prime-based Advance in Absence of Election or Upon Default</U>. If, as to any
outstanding Eurocurrency-based Advance, Bank has not received payment on the last day of the
Interest Period applicable thereto, or does not receive a timely Request for Advance meeting the
requirements of this Section&nbsp;2.1 with respect to the refunding or conversion of such Advance, or,
subject to Section&nbsp;2.4(d) hereof, if on such day a Default or Event of Default shall have occurred
and be continuing, the principal amount thereof which is not then prepaid shall be converted
automatically to a Prime-based Advance and Bank shall thereafter promptly notify Borrower of said
action.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&#091;Intentionally deleted.&#093;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Subject to the terms and conditions of this Agreement, Bank agrees to issue, or commit to
issue, from time to time, standby letters of credit for the account of Borrower (herein
individually called a &#147;Letter of Credit&#148; and collectively &#147;Letters of Credit&#148;) in aggregate undrawn
amounts not to exceed Five Million Dollars ($5,000,000) at any one time outstanding; provided,
however, that the sum of the aggregate amount of Advances outstanding under the Revolving Credit
Note plus the Letter of Credit Reserve shall not exceed the Committed Amount at any time; and
provided further that no Letter of Credit shall, by its terms, have an expiration date which is
more than twelve (12)&nbsp;months after issuance or which extends beyond the Termination Date. In
addition to the terms and conditions of this Agreement, the issuance of any Letters of Credit also
shall be subject to the terms and conditions of any letter of credit applications and agreements
(&#147;Letter of Credit Documents&#148;) executed and delivered by Borrower to Bank with respect thereto.
Borrower shall pay to Bank annually in advance a fee equal to the Applicable Letter of Credit
Percentage per annum of the amount of each Letter of Credit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.2 </B><U>&#091;Intentionally deleted.&#093;</U>
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.3 </B><U><B>Use of Proceeds of Revolving Credit. </B></U>The proceeds of the initial Advance under
the Revolving Credit Note shall be used to renew and extend the indebtedness outstanding under the
Existing Credit Agreement. The proceeds of all further Advances shall be used for working capital
needs, capital expenditures, Permitted Acquisitions, and other lawful corporate purpose of
Borrower, subject to the terms and conditions of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.4 </B><U><B>Interest Rate.</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Prime-based Interest Payments</U>. Interest on the unpaid balance of all Prime-based
Advances from time to time outstanding shall accrue from the date of such Advances to the
Termination Date (and until paid), at a per annum interest rate equal to the Prime-based Rate, and
shall be payable in immediately available funds on the first day of each calendar quarter,
commencing with the first such date after the initial Advance hereunder. Interest accruing at the
Prime-based Rate shall be computed on the basis of a 360&nbsp;day year and assessed for the actual
number of days elapsed, and in such computation effect shall be given to any change in the interest
rate resulting from a change in the Prime-based Rate on the date of such change in the Prime-based
Rate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Eurocurrency-based Interest Payments.</U> Interest on each Eurocurrency-based Advance
having a related Eurocurrency-Interest Period of 3&nbsp;months or less shall accrue at its
Eurocurrency-based Rate and shall be payable in immediately available funds on the last day of the
Interest Period applicable thereto. Interest shall be payable in immediately available funds on
each Eurocurrency-based Advance outstanding from time to time having a Eurocurrency-Interest Period
of more than 3&nbsp;months, at intervals of 3&nbsp;months after the first day of the applicable Interest
Period, and shall also be payable on the last day of the Interest Period applicable thereto.
Interest accruing at the Eurocurrency-based Rate shall be computed on the basis of a 360&nbsp;day year
and assessed for the actual number of days elapsed from the first day of the Interest Period
applicable thereto to, but not including, the last day thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Interest Payments on Conversions</U>. Notwithstanding anything to the contrary in
Section&nbsp;2.4(a) or (b), all accrued and unpaid interest on any Advance refunded or converted
pursuant to Section&nbsp;2.1(c) hereof shall be due and payable in full on the date such Advance is
refunded or converted.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Interest on Default</U>. Notwithstanding anything to the contrary set forth in Section
2.4(a), (b)&nbsp;or (c), in the event and so long as any Event of Default shall exist under this
Agreement, interest shall be payable daily on the principal amount of all Advances from time to
time outstanding (and on all other monetary obligations of Borrower hereunder and under the other
Loan Documents) at a per annum rate equal to the Applicable Interest Rate in respect of each such
Advance, plus, in the case of Eurocurrency-based Advances, three percent (3%) per annum for the
remainder of the then existing Interest Period (but only so long as any Event of Default shall
continue to exist), if any, and at all other such times and for all Prime-based Advances, at a per
annum rate equal to the Prime-based Rate, plus three percent (3%).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.5 </B><U><B>Prepayment.</B></U> Borrower may prepay all or part of the outstanding balance of any
Prime-based Advance(s) (subject to not less than one (1)&nbsp;Business Day&#146;s notice to Bank) at any
time, provided that the amount of any partial prepayment shall be at least Two Hundred Fifty
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Thousand Dollars ($250,000) and the aggregate balance of Prime-based Advance(s) remaining
outstanding under the Revolving Credit Note shall be at least Two Hundred Fifty Thousand Dollars
($250,000). Borrower may prepay all or part of any Eurocurrency-based Advance (subject to not less
than three (3)&nbsp;Business Days&#146; notice to Bank) only on the last day of the Interest Period
applicable thereto, provided that the amount of any such partial prepayment shall be at least Two
Hundred Fifty Thousand Dollars ($250,000), and the unpaid portion of such Advance which is refunded
or converted under Section&nbsp;2.1(c) shall be at least Two Hundred Fifty Thousand Dollars ($250,000).
Any prepayment made in accordance with this Section&nbsp;2.5 shall be without premium, penalty or
prejudice to the right to reborrow under the terms of this Agreement. Any other prepayment of all
or any portion of the Revolving Credit, whether by acceleration, mandatory or required prepayment
or otherwise, shall be subject to Section&nbsp;10 hereof, but otherwise without premium, penalty or
prejudice.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.6 </B><U><B>Fees.</B></U> As consideration for making the Revolving Credit available, the Borrower
shall pay to the Bank a non-refundable quarterly facility fee in an amount equal to the Applicable
Facility Fee Percentage times the Committed Amount. Such fee shall be payable quarterly in arrears
beginning on September&nbsp;30, 2008 and continuing on the last day of each December, March, September
and June thereafter, and on the Termination Date.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECTION 3. SECURITY AND GUARANTY.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligations and liabilities of the Borrower hereunder and under the Loan Documents shall
be secured and guaranteed as provided in this Section&nbsp;3, subject to the provisions set forth below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.1 </B><U><B>Security Interest.</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Revolving Credit Note shall be unsecured except as provided for in Section&nbsp;3.1(b)
below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;(i)&nbsp;In the event that any real or personal property of the Borrower becomes subject to a
Lien (in violation of this Agreement) which is not a Permitted Lien and which Lien is not removed
within thirty days of Borrower&#146;s receipt of notice of any Lien (and without regard to any
additional cure period) or (ii)&nbsp;upon the occurrence of any Event of Default which has not otherwise
been cured or waived at any time, the Bank shall have the right after written notice to Bank of
America, N.A., successor by merger to Barnett Bank of Broward County, N.A. (with a copy to
Borrower) to become secured by a first perfected (as set forth below) security interest in and
mortgage of all the real and personal property of the Borrower now owned or hereafter acquired or
arising, and all proceeds thereof. The Borrower shall execute and deliver to the Bank such
mortgages and security agreements as the Bank shall require and as are customary for a transaction
of that type, covering said real and personal property in form and substance satisfactory to the
Bank (the &#147;Security Documents&#148;), securing the foregoing obligations to the full extent permitted
under applicable law. The Security Documents shall be sufficient, when notice thereof is properly
filed or recorded in the appropriate jurisdictions, to grant to the Bank a first perfected security
interest in and lien on the Borrower&#146;s property, subject to no prior Liens or encumbrances except
as expressly permitted herein, except the equal and ratable lien, if any, to be granted pursuant to
the Barnett Loan Agreement, or except as the Bank permits in writing.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Borrower agrees to execute or otherwise provide to the Bank any and all financing
statements, modifications, and other agreements or consents required by the Bank now or in the
future to perfect Bank&#146;s interest in the collateral and otherwise in connection therewith. The
grant of a lien and security interest pursuant to this Section shall not cure any violation of this
Agreement, any such violation shall constitute an Event of Default hereunder taking into account
the expiration of any applicable cure period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.2 </B><U><B>Guaranty</B></U>. Payment of the Revolving Credit Note, any other obligations under this
Agreement or the other Loan Documents, presently existing or hereafter arising, shall be guaranteed
by each of the Restricted Subsidiaries as set forth in the Amended and Restated Continuing and
Unconditional Guaranty dated as of the date hereof executed by each Restricted Subsidiary (the
&#147;Guaranty&#148;). In the event of the designation of any additional Restricted Subsidiaries, a joinder
agreement in the form attached hereto as Exhibit &#147;C&#148; shall be executed and delivered to the Bank by
each such additional Restricted Subsidiary (also, a &#147;Guaranty&#148;), together with such supporting
attorney&#146;s opinion, if requested by Lender, evidence of corporate authorization, and other
instruments and documents as the Bank may reasonably request.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECTION 4. REPRESENTATIONS AND WARRANTIES.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To induce the Bank to enter into this Agreement and to establish the Revolving Credit and make
the Advances and issue the Letters of Credit, the Borrower represents and warrants to the Bank as
follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.1 </B><U><B>Corporate Existence; Power; Compliance with Law; Restricted Subsidiaries; Name
History.</B></U> Each of the Borrower and the Restricted Subsidiaries is an entity duly incorporated
or organized, validly existing, and in good standing under the laws of the jurisdiction of its
incorporation or organization. Each of the Borrower and the Restricted Subsidiaries has all
requisite power and authority (corporate and otherwise) to own and operate its properties and to
carry on its business as now being conducted, is duly qualified as a foreign entity to do business
and is good standing in every jurisdiction in which the failure to so qualify is reasonably likely
to materially adversely affect the business, earnings, prospects, properties, or condition
(financial or otherwise) of the Borrower and its Restricted Subsidiaries, taken as a whole. Each of
the Borrower and the Restricted Subsidiaries has all licenses and permits necessary to carry on and
conduct its business in all states and localities wherein it now operates and is in compliance with
all other requirements of law, rule, or regulation applicable to it and to its business, if the
failure to possess such licenses and permits or to so comply, either individually or in the
aggregate, is reasonably likely to materially adversely affect the business, earnings, properties,
or condition (financial or otherwise) of the Borrower and the Restricted Subsidiaries, taken as a
whole.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower is a Subsidiary of the Parent. All of the Subsidiaries of the Borrower are listed
on Schedule&nbsp;1.1.B hereto. None of the Borrower or the Restricted Subsidiaries have merged, changed
its name, or done business under a fictitious name during the past five years, except as set forth
in Schedule&nbsp;1.1.B hereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.2 </B><U><B>Capital Stock; Parent; Subsidiaries.</B></U>
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The authorized capital stock of the Borrower consists of 1,000 shares of common stock, par
value $0.01 per share, which is voting stock and is vested with all the voting rights in the
Borrower, of which 100 shares are issued and outstanding, and 1,000 shares of preferred stock, par
value $0.01 per share, of which no shares are issued or outstanding. All such outstanding shares
have been duly authorized, validly issued and are fully paid, nonassessable and free of preemptive
rights. No shares of common stock are held in the treasury of the Borrower. There are no
subscriptions, options, warrants, or calls relating to the issuance by the Borrower of any shares
of common stock, including any right of conversion or exchange under any outstanding security or
other instrument. There are no voting trusts or other agreements or understandings with respect to
the voting of the common stock of the Borrower. The Borrower is not subject to any obligation
(contingent or otherwise) to repurchase or otherwise acquire or retire any shares of its common
stock or any security convertible into or exchangeable for any of its common stock. All of the
outstanding shares of common stock of the Borrower are owned beneficially and of record by the
Parent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The authorized capital stock of the Parent consists of 75,000,000 shares of common stock,
par value $0.01 per share, which is voting stock and, is vested with all the voting rights in the
Parent, of which 49,976,238 shares are issued and 45,943,354 shares are outstanding, and 1,000,000
shares of preferred stock, par value $1.00 per share, none of which are issued and outstanding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The only Subsidiaries of the Borrower are as listed in Schedule&nbsp;1.1.B hereto. Schedule
1.1.B correctly sets forth as to each Subsidiary its name, the jurisdiction of its incorporation if
a corporation, or the jurisdiction of its formation if a partnership, whether such Subsidiary is a
Restricted Subsidiary, the jurisdiction of its principal place of business, the address of its
principal place of business, chief executive office, and the office where all books and records are
kept, if different, the name of its parent company, the number of authorized shares, and the number
of outstanding shares of each class of capital stock of such Subsidiary, and the number of such
outstanding shares owned by the Borrower or other parent company. All of the outstanding shares of
capital stock of each class of each Subsidiary have been validly issued and are fully paid and
nonassessable. The Borrower owns beneficially and of record all of the outstanding shares of
capital stock of each Subsidiary indicated as being owned by it on Schedule&nbsp;1.1.B hereto, free and
clear of any Liens.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.3 </B><U><B>Corporate Power and Authorization to Execute Loan Documents; No Conflict; No
Consent.</B></U> Each of the Parent, Borrower and the Restricted Subsidiaries has the corporate or
limited liability company power and authority and the legal right to execute and deliver the Loan
Documents to be executed by it and to perform its obligations thereunder, and has taken all
corporate action necessary to authorize the execution, delivery, and performance of such Loan
Documents and to authorize the transactions contemplated thereby. The execution, delivery, and
performance by the Parent, the Borrower or the Restricted Subsidiaries of the Loan Documents to be
executed by it will not contravene, conflict with, result in the breach of, or constitute a
violation of or default under, or result in the creation of any lien, charge, or encumbrance upon
any property or assets of the such Person, pursuant to the constituent documents or other governing
instruments of such Person, or any applicable law, rule, regulation, judgment, order, writ,
injunction, or decree or any indenture or other agreement or instrument to which the Borrower, the
Parent or a Restricted Subsidiary is a party, or by which
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">such Person or its property may be bound or affected which has a material adverse effect on
the business earnings, prospects, properties, or conditions (financial or otherwise) of the
Borrower and the Restricted Subsidiaries taken as a whole. No consent, license, or authorization
of, or filing with, or notice to, any Person or entity (including, without limitation, any
governmental authority), is necessary or required in connection with the execution, delivery,
performance, validity, or enforceability of the Loan Documents and the transactions as contemplated
thereunder, except for consents, licenses, authorizations, filings, and notices obtained or
performed by the Borrower or any Restricted Subsidiary and of which the Bank has been provided
written notice, or referred to or disclosed in the Loan Documents. Any such consents, licenses,
authorizations, filings, or notices remain in full force and effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.4 </B><U><B>Enforceable Obligations.</B></U> The Loan Documents constitute legal, valid, and binding
agreements enforceable against the respective parties thereto and any property described therein in
accordance with their respective terms, except as such enforceability may be limited by (i)
bankruptcy, insolvency, reorganization, arrangement, moratorium, or other laws relating to or
affecting the rights of creditors generally and (ii)&nbsp;general principles of equity, regardless of
whether enforcement is considered in proceedings at law or in equity.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.5 </B><U><B>Financial Condition.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The consolidated financial statements of the Borrower as of January&nbsp;26, 2008 and the
consolidated financial statements of the Parent as of January&nbsp;26, 2008, copies of which have been
furnished to the Bank, fairly present the financial condition of the Borrower and its Subsidiaries
and the Parent, respectively, as at the date of the financial statements, and fairly present the
results of the operations of the Borrower and its Subsidiaries and the Parent for the period
covered thereby.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Neither the Borrower, nor any of the Restricted Subsidiaries, has any direct or contingent
liabilities, liabilities for taxes, long-term leases, or unusual forward or long-term commitments
as of the date of this Agreement which, either individually or in the aggregate, are or are
reasonably likely to be material to the Borrower and the Restricted Subsidiaries, which are not
disclosed by provided for, or reserved against in the foregoing financial statements or referred to
in notes thereto, other than liabilities incurred since January&nbsp;26, 2008 in the ordinary course of
business which in the aggregate have no material adverse effect on the Borrower and the Restricted
Subsidiaries, taken as a whole, or on the conduct of the business of the Borrower and the
Restricted Subsidiaries, taken as a whole. The Borrower does not know of any basis for any
material unrealized or anticipated losses of the Borrower. The financial statements furnished to
the Bank have been prepared in accordance with GAAP maintained throughout the period involved.
There has been no material adverse change in the business, earnings, prospects, properties, or
condition, financial or otherwise, of the Borrower and the Restricted Subsidiaries, taken as a
whole, since the date of such financial statements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.6 </B><U><B>No Litigation.</B></U> Except as set forth in Schedule&nbsp;4.6 hereto, there is no suit or
proceeding at law or in equity or other proceeding or investigation (including proceedings by or
before any court, arbitrator, governmental or administrative commission, board or bureau, or other
administrative agency) pending, or to the best knowledge of the Borrower threatened, by or against
or involving the Parent, the Borrower, or any Subsidiary, or against any of their respective
properties, existence, or revenues which, individually or in the aggregate, (a)&nbsp;if adversely
determined, is reasonably likely to have a material adverse effect on the properties, assets, or
business, or on the condition, financial or otherwise, of the Borrower and the Restricted
Subsidiaries, taken as a whole, (b)&nbsp;materially impair the right or ability of the Borrower and the
Restricted Subsidiaries, taken as a whole, to carry on their operations substantially as now
conducted or as anticipated to be conducted in the future, (c)&nbsp;which would substantially impair the
ability of the Borrower to perform its obligations under the Loan Documents, or, regardless of
outcome, which questions the validity of the transactions contemplated by the Loan Documents, or
(d)&nbsp;regardless of outcome, which would be required to be disclosed in notes to any balance sheet as
of the date hereof of the Borrower prepared in reasonable detail in accordance with GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.7 </B><U><B>Investment Company Act; Regulation.</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Neither the Borrower nor any of its Subsidiaries is an &#147;investment company&#148; or an
&#147;affiliated person&#148; of an &#147;investment company,&#148; or a company &#147;controlled&#148; by an &#147;investment
company,&#148; and neither the Borrower nor any of its Subsidiaries is an &#147;investment advisor&#148; or an
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">affiliated person&#148; of an &#147;investment advisor,&#148; and as each of the quoted terms is defined or
used in the Investment Company Act of 1940, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Neither the Borrower nor any of its Subsidiaries is subject to regulation under any state
or local public utilities code or any federal, state, or local statute or regulation limiting its
ability to incur Indebtedness for Money Borrowed or to pledge assets of the type contemplated
hereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.8 </B><U><B>Disclosure and No Untrue Statements.</B></U> No representation or warranty made by the
Borrower in the Loan Documents or which will be made by the Borrower from time to time in
connection with the Loan Documents (a)&nbsp;contains or will contain any misrepresentation or untrue
statement of any material fact, or (b)&nbsp;omits or will omit to state any material fact necessary to
make the statements therein not misleading. There is no fact (excluding information relating to
world or national economic, social, or political conditions generally) known to any Responsible
Officer of Borrower which materially adversely affects, or which would in the future materially
adversely affect, the business, assets, properties, or condition, financial or otherwise, of the
Borrower and the Restricted Subsidiaries, taken as a whole, or materially affects, or which might
in the future materially adversely affect, the ability of the Borrower and the Restricted
Subsidiaries to perform their obligations under the Loan Documents, or except as set forth or
referred to in the Loan Documents or otherwise disclosed in writing to the Bank.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.9 </B><U><B>Title to Assets; Leases in Good Standing.</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Each of the Borrower and the Restricted Subsidiaries has good and valid title (or, with
respect to interests as lessee or otherwise, its equivalent under applicable law) to properties and
assets purported to be owned (or leased) by it that are material to the conduct of the business of
the Borrower and the Restricted Subsidiaries, taken as a whole, and including properties and assets
reflected in the financial statements and notes thereto described in Section&nbsp;4.5 hereof, except for
such assets as have been disposed of in the ordinary course of business. All such properties and
assets are subject to no Liens, other than Permitted Liens. Schedule&nbsp;1.1.A accurately lists (i)
each financing statement, deed, agreement, or other instrument in effect on the date hereof which
has been filed, recorded, or registered pursuant to any United States federal, state, or local law
or regulation that names the Borrower or any of the Restricted Subsidiaries as debtor or lessee or
as the grantor or the transferor of the interest created thereby, and (ii)&nbsp;as to each such
financing statement, deed, agreement, or other instrument, the names of the debtor, lessee,
grantor, or transferor and the secured party, lessor, grantee, or transferee and the name of the
jurisdiction in which such financing statement, deed, agreement or other instrument has been filed,
recorded, or registered. Except as contemplated hereby, and pursuant to the Barnett Loan
Agreement, neither the Borrower nor any of the Restricted Subsidiaries has signed any agreement or
instrument in effect on the date hereof authorizing any secured party thereunder to file any such
financing statement, deed, agreement, or other instrument (other than any such agreement or
instrument relating to the Liens permitted under paragraph (d)&nbsp;or (f)&nbsp;of the definition of
Permitted Liens).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Each of the Borrower and its Restricted Subsidiaries has the right to, and does, enjoy
peaceful and undisturbed possession under all leases under which it is leasing property that
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">are material to the conduct of the business of the Borrower and its Restricted Subsidiaries,
taken as a whole. All such leases are valid, subsisting and in full force and effect, subject only
to Permitted Liens, and neither the Borrower nor any of its Restricted subsidiaries in default in
the performance, observance, or fulfillment of any obligation under any provision of any such
lease, which default is reasonably likely to result in a termination of such lease or have a
material adverse effect on the Borrower and its Restricted Subsidiaries, taken as a whole. No
Responsible Officer has received any written notice that any other party to any such lease is in
default under any such lease.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.10 </B><U><B>Investments.</B></U> As of the date hereof, the Borrower and the Restricted Subsidiaries
do not own any Investments other than Permitted Investments of the types described in clauses
(a)-(e) of the definition of such term in Section&nbsp;1.1 hereof and other than the Investments listed
in Schedule&nbsp;1.1.C hereto, which Item correctly sets forth the amounts (determined as provided in
the definition of &#147;Investments&#148; in Section&nbsp;1.1) of the Investments listed thereon.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.11 </B><U><B>Payment of Taxes.</B></U> Each of the Borrower, and the Subsidiaries has filed or caused
to be filed all, federal, state, and local tax returns which are required to be filed by it and has
paid or caused to be paid all taxes as shown on said returns or on any assessment received by it,
to the extent that such taxes have become due, other than taxes being contested in good faith by
appropriate proceedings diligently conducted and for which adequate reserves have been established
in accordance with GAAP. No controversy in respect of additional taxes of the Parent, the Borrower
or any Subsidiary is pending, or, to the knowledge of the Borrower, threatened, except as shown on
the Borrower&#146;s financial statements described in Section&nbsp;4.5 hereof or in notes thereto, and other
than amounts in respect of business carried on by the Borrower, and the Subsidiaries in the
ordinary course since the date of such financial statements, and other than amounts which, either
individually or in the aggregate, do not materially and adversely affect, and are not likely to
materially and adversely affect, the business, earnings, prospects, properties, or condition
(financial or otherwise) of the Borrower and the Restricted Subsidiaries, taken as a whole.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.12 </B><U><B>Agreement or Contract Restrictions; No Default.</B></U> Neither the Borrower nor any of
the Subsidiaries is a party to, or is bound by, any agreement, contract, or instrument or subject
to any charter or other corporate restriction which materially and adversely affects the business,
properties, assets, operations, or condition, financial or otherwise, of the Borrower and the
Restricted Subsidiaries, taken as a whole. The ability of the Borrower or any of its Restricted
Subsidiaries to declare, make, or pay dividends in respect of any shares of its common stock is not
expressly limited by the provisions of any agreement or instrument other than the Barnett Loan
Agreement. Each of the Borrower and the Restricted Subsidiaries is in full compliance with and is
not in default in the performance, observance, or fulfillment of any obligations, covenants, or
conditions contained in any agreement or instrument to which it is a party, other than any defaults
which individually or in the aggregate are not reasonably likely to materially adversely affect the
business, earnings, prospects, properties, or condition (financial or otherwise) of the Borrower
and the Restricted Subsidiaries, taken as a whole.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.13 </B><U><B>Patents, Trademarks, Licenses, Etc.</B></U> Each of the Borrower and the Restricted
Subsidiaries owns, possesses, or has the right to use, and holds free from burdensome
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">restrictions or known conflicts with the rights of others, all patents, patent rights,
licenses, trademarks, trademark rights, trade names, trade name rights, and copyrights, and all
rights with respect to the foregoing, necessary to conduct their respective businesses as now being
conducted, and is in full compliance with the terms and conditions, if any, of all such patents,
patent rights, licenses, trademarks, trademark rights, trade names, trade name rights, or
copyrights and the terms and conditions of any agreements relating thereto, except for such
conflicts or noncompliance which, either individually or in the aggregate, do not materially and
adversely affect the business, earnings, prospects, properties, or condition (financial or
otherwise) of the Borrower and the Restricted Subsidiaries, taken as a whole. Further, each of the
Restricted Subsidiaries and the Borrower agree that they shall not transfer any and all patents,
patent rights, licenses, trademarks, trademark rights, trade name, trade name rights and copyrights
and all rights to the foregoing presently held by Borrower or any Restricted Subsidiary to any
Person or entity including the Parent, however, transfers between (a)&nbsp;Borrower and the Restricted
Subsidiaries; (b)&nbsp;Restricted Subsidiaries; and (c)&nbsp;Restricted Subsidiaries and Borrower shall be
permitted.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.14 </B><U><B> &#091;RESERVED&#093;</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.15 </B><U><B>Compliance with ERISA; Multiemployer Plans.</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Neither the execution and delivery of this Agreement or the other Loan Documents, the
incurrence of the indebtedness hereunder by the Borrower, the application by the Borrower of the
proceeds thereof, nor the consummation of any of the other transactions contemplated by this
Agreement, constitutes or will constitute a &#147;prohibited transaction&#148; (within the meaning of Section
4975 of the Code or Section&nbsp;406 of ERISA).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Each Plan is in compliance in all material respects with applicable provisions of ERISA
and the Code. Each of the Borrower and the Subsidiaries has made all contributions to the Plans
required to be made by them.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Except for liabilities to make contributions and to pay PGGC premiums and administrative
costs, neither the Borrower, of the Subsidiaries, nor any ERISA Affiliate has incurred any material
liability to or on, account of any Plan or Pension Plan under applicable provisions of ERISA or the
Code, and no condition exists which presents a material risk to the Borrower, any of its
subsidiaries, or any ERISA Affiliate of incurring any such liability. No domestic Pension Plan has
an &#147;accumulated funding deficiency&#148; (within the meaning of Section&nbsp;412 of the Code), whether or not
waived. Neither the Parent, the Borrower, any of its Subsidiaries, any ERISA Affiliate, the PBGC,
nor any other Person has instituted any proceedings or taken any other action to terminate any
Pension Plan, nor (in the case of the Parent, the Borrower, or any Subsidiary) has any present
intention of terminating any Pension Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Except with respect to any Multiemployer Plan, the present value of the &#147;current
liability&#148; (within the meaning of Section. 412 (1) (7) (a)&nbsp;of the Code) under each Pension Plan
(based on the assumptions used in the funding of such Pension Plan, which assumptions are
reasonable, and determined as of the last day of the most recent plan year of such Pension Plan
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">for which an annual report has been filed with the IRS, did not exceed the current fair market
value of the assets of such Pension Plan as of such last day.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;None of the Plans is a Multiemployer Plan, and neither the Borrower, any of its Restricted
Subsidiaries, nor any ERISA Affiliate (i)&nbsp;has contributed or been obligated to contribute to any
Multiemployer Plan at any time within the preceding six years, (ii)&nbsp;has incurred or is reasonably
expected to incur any &#147;withdrawal liability&#148; (within the meaning of Part&nbsp;I of Subtitle E of Title
IV of ERISA) ; or (iii)&nbsp;has been notified by the sponsor of a Multiemployer Plan that such
Multiemployer Plan is insolvent, is in reorganization, or has been &#147;terminated&#148; (within the meaning
of Title IV of ERISA).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.16 </B><U><B>Compliance with Environmental Laws.</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Each of the Borrower and the Restricted Subsidiaries is, and will continue to be, in full
compliance with all applicable federal, state, and local environmental laws, regulations, and
ordinances governing its business, products, properties, or assets with respect to all discharges
into the ground and surface water, emissions into the ambient air and generation, accumulation,
storage, treatment, transportation, labeling, or disposal of waste materials or process
by-products, the violation of which is reasonably likely to materially and adversely affect the
business, earnings, prospects, properties, or condition (financial or otherwise) of the Borrower
and the Restricted Subsidiaries, taken as a whole, and neither the Borrower nor any of its
Restricted Subsidiaries is liable for any penalties, fines, or forfeitures for failure to comply
with any such laws, regulations, and ordinances other than penalties, fines or forfeitures which
are not reasonably likely to materially and adversely affect the business, earnings, prospects,
properties, or condition (financial or otherwise) of the Borrower and Restricted Subsidiaries,
taken as a whole. All licenses, permits or registrations required for the business of the Borrower
and its Restricted Subsidiaries, as presently conducted and proposed to be conducted, under any
federal, state, or local environmental laws, regulations or ordinances have been obtained or made,
other than any such licenses, permits, or registrations the failure to obtain or make which, either
individually or in the aggregate, do not materially and adversely affect, and are not reasonably
likely to materially and adversely affect, the business, earnings, prospects, properties, or
condition (financial or otherwise) of the Borrower and its Restricted Subsidiaries, taken as a
whole, and the Borrower and its Restricted Subsidiaries each is in compliance with all such
licenses, permits, and registrations other than any such licenses, permits, or registrations the
failure to obtain, make or comply with which, either individually or in the aggregate, do not
materially and adversely affect, and are not reasonably likely to materially and adversely affect,
the business, earnings, prospects, properties or condition (financial or otherwise) of the Borrower
and its Restricted Subsidiaries, taken as a whole.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;No release, emission, or discharge into the environment of hazardous substances, as
defined under the Comprehensive Environmental Responses, compensation, and Liability Act, as
amended, or hazardous waste, as defined under the Resource Conservation and Recovery Act, or air
pollutants as defined under the Clean Air Act, or pollutants, as defined under the Clean Water Act,
has occurred or is presently occurring on or from any property owned or leased by the Borrower or
its Subsidiaries in excess of federal, state or local permitted release or reportable quantities,
or other concentrations,, standards, or limitations under the foregoing laws, or any state or local
law governing the protection of health and the environment, or under any other
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">federal state, or local laws or regulations (then or now applicable, as the case may be) other
than any such releases, emissions, or discharges which, either individually or in the aggregate, do
not materially and adversely affect, and are not reasonably likely to materially and adversely
affect, the business, earnings, prospects, properties, or condition (financial or otherwise) of the
Borrower and the Restricted Subsidiaries, taken as a whole.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Neither the Borrower nor any of its Restricted Subsidiaries has ever (i)&nbsp;owned, occupied,
or operated a site or structure on or in which any hazardous substance was or is stored,
transported, or disposed of, or (ii)&nbsp;transported or arranged for the transportation of any
hazardous substance except, in each case, in full compliance with all applicable federal, state,
and local environmental laws, regulations, and ordinances governing its business, products,
properties, or assets or the storage, transportation, or disposal of hazardous substances, which
ownership, occupation, operation, transportation or arranging is reasonably likely to (i)&nbsp;subject
the Parent, the Borrower and the Restricted Subsidiaries to any liabilities, expenses, fines or
penalties which, individually or in the aggregate, are material to the Parent, the Borrower and its
Restricted Subsidiaries, taken as a whole, or (ii)&nbsp;inhibit or result in the prohibition by the use
by the Borrower or any Restricted Subsidiary of any property necessary in the conduct of the
business of the Parent, the Borrower or such Subsidiary, the effect of which, individually or in
the aggregate, is reasonably likely to materially adversely affect the business, earnings,
prospects, properties, or condition (financial or otherwise) of the Parent, the Borrower and the
Restricted Subsidiaries, taken as a whole. Neither the Parent, the Borrower nor any of its
Restricted Subsidiaries has ever caused or been held legally responsible for any release or
threatened release of any hazardous substance, or received notification from any federal, state, or
other governmental authority of any such release or threatened release, of any hazardous substance
from any site or structure owned, occupied, or operated by the Borrower or any of its Restricted
Subsidiaries, individually or in the aggregate, reasonably likely to lead to liabilities, expenses,
fines, and penalties in an amount material to the Borrower and the Restricted Subsidiaries, taken
as a whole.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.17 </B><U><B>Labor Relations.</B></U> Neither the Borrower nor any of its Subsidiaries is engaged in
any unfair labor practice which is reasonably likely to materially adversely affect the business,
earnings, prospects, properties, or condition (financial or otherwise) of the Borrower and the
Restricted Subsidiaries, taken as a whole. There is (a)&nbsp;no unfair labor practice complaint pending
or, to the best knowledge of the Borrower, threatened against the Borrower or any of its Restricted
Subsidiaries before the National Labor Relations Board or any court or labor board, and no
grievance or arbitration proceedings arising out of or under collective bargaining agreements is so
pending or, to the best knowledge of the Borrower, threatened; (b)&nbsp;no strike, lock-out, labor
dispute, slowdown, or work stoppage pending or, to the best knowledge of the Borrower, threatened
against the Borrower or any of its Restricted Subsidiaries; and (c)&nbsp;no union representation or
certification question existing or pending with respect to the employees of the Borrower or any of
its Subsidiaries and, to the best knowledge of the Borrower, no union organization activity taking
place, which unfair labor practice complaint, grievance, or arbitration proceedings, strike,
lock-out, labor dispute, slowdown, or work stoppage or union representation or certification
question, individually or in the aggregate, is reasonably likely to have a material adverse affect
on the business, earnings, prospects, properties, or condition (financial or otherwise) of the
Borrower and the Restricted Subsidiaries, taken as a whole.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECTION 5. CONDITIONS OF LENDING.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligations of Bank to make any Advance or to issue or renew any Letters of Credit
hereunder are subject to the condition that:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.1 </B><U><B>Continuing Accuracy of Representations and Warranties.</B></U> At the time of each
Advance or Letter of Credit, the representations and warranties set forth in Section&nbsp;4 hereof, as
supplemented by written disclosures by the Borrower to the Bank of changes affecting such
representations and warranties (but which changes do not breach any term of this Agreement except
as may have been waived or for which consent has been given by the Bank) or as supplemented by
subsequent financial statements provided to the Bank, shall be true and correct on and as of the
date of the borrowing with the same effect as though the representations and warranties had been
made on and as of the date of the borrowing or issuance, except to the extent that such
representations and warranties may expressly relate to an earlier date, in which case the shall
continue to be true as of such date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.2 </B><U><B>No Default.</B></U> At the time of each borrowing or issuance or renewal of a Letter of
Credit hereunder, the Borrower shall be in compliance with all terms and conditions set forth
herein, and no Default or Event of Default shall have occurred and be continuing at the time of
such borrowing, unless such Default or Event of Default shall have been waived by the Bank in
writing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.3 </B><U><B>Opinion of the Borrower&#146;s Counsel.</B></U> On or prior to the date of this Agreement, the
Bank shall have received the favorable opinion of counsel for the Borrower, in form and substance
satisfactory to the Bank.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.4 </B>&#091;RESERVED&#093;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.5 </B><U><B>Loan Documents.</B></U> On or prior to the date of this Agreement, the Bank shall have
received, duly executed, this Agreement and the other Loan Documents (with the exception of any
Security Documents), all in form and substance satisfactory to the Bank and counsel for the Bank.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.6 </B><U><B>Supporting Documents.</B></U> On or prior to the date of this Agreement, the Bank shall
have received all other documents and instruments required hereunder or otherwise reasonably
required by the Bank to be executed and delivered or otherwise provided to the Bank in form and
substance satisfactory to the Bank and counsel for the Bank.
</DIV>




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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECTION 6. AFFIRMATIVE COVENANTS.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower covenants and agrees that until the Termination Date and thereafter until final
payment in full of all obligations and liabilities hereunder, and under the Revolving Credit Note
and the performance by the Borrower of all other obligations under this Agreement and the other
Loan Documents, unless Bank shall otherwise consent in writing, the Borrower will fully comply and
will cause each Restricted Subsidiary to comply with the following provisions:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.1 </B><U><B>Financial Reports and Other Information.</B></U> The Borrower will deliver or cause to be
delivered to the Bank the following:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;As soon as practicable and in any event within forty-five (45)&nbsp;days after the end of each
fiscal quarter of the Borrower other than the last quarter of each fiscal year, a consolidated
balance sheet of the Borrower and the Restricted Subsidiaries as at the last day of such quarter
and the related consolidated statement of income for such quarter and cumulative fiscal
year-to-date for the Borrower and the Restricted Subsidiaries, setting forth in each case in
comparative form figures for the corresponding period in the preceding fiscal year, all in
reasonable detail and satisfactory in scope to the Bank and certified by the chief financial
officer of the Borrower as to the fairness of such financial statements and that the same have been
prepared in accordance with GAAP, subject to changes resulting from normal, recurring year-end
adjustments; provided, however, that if, so long as the Borrower is a Subsidiary of the Parent, the
Parent duly files with the SEC any Form 12b-25 under the Exchange Act (or any successor form
thereunder) with respect to its inability to timely file its quarterly report on Form l0-Q for a
fiscal quarter and obtains a valid extension of such time to file, the financial information
required to be delivered by this paragraph may be delivered later than forty-five (45)&nbsp;days after
the end of such fiscal quarter but in no event later than the extended deadline for filing such
quarterly report imposed by said Rule&nbsp;12b-25.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;As soon as practicable and in any event within one hundred (100)&nbsp;days after the end of
each fiscal year of the Borrower, the consolidated balance sheet of the Borrower and the Restricted
Subsidiaries as at the end of such fiscal year, and related consolidated statements of income,
retained earnings, and changes in financial position for such fiscal year, setting forth in each
case in comparative form figures for the corresponding period in the preceding calendar year, all
in reasonable detail and satisfactory in scope to the Bank and certified by and containing an
unqualified opinion of McGladrey &#038; Pullen, LLP or other independent certified public accountants of
recognized national standing selected by the Borrower and reasonably satisfactory to the Bank,
provided, however, that if, so long as the Borrower is a Subsidiary of the Parent, the Parent shall
duly file with the SEC any Form 12b-25 under the Exchange Act (or any successor form thereunder)
with respect to its inability to timely file its annual report on Form 10-K for a fiscal year and
obtains a valid extension of such time to file, the financial information required to be delivered
by this paragraph may be delivered later than one hundred (100)&nbsp;days after the end of such fiscal
year but in no event later than the extended deadline for filing such annual report imposed by said
Rule&nbsp;12b-25.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;As soon as practicable, and in any event within forty-five (45)&nbsp;days after the end of each
fiscal quarter of the Parent, other than the last quarter of each fiscal year, a consolidated
balance sheet as at the last day of such quarter and the related consolidated statement of income
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">for such quarter and cumulative fiscal year-to-date for the Parent and its Subsidiaries,
setting forth in each case in comparative form figures for the corresponding period in the
preceding fiscal year, all in reasonable detail and satisfactory in scope to the Bank and certified
by the chief accounting officer of the Parent as to the fairness of such financial statements and
that the same have been prepared in accordance with GAAP, subject to changes resulting from
nonrecurring year-end adjustments; provided, however, that the delivery of the Parent&#146;s quarterly
report on Form 10-Q promptly after its timely filing with the SEC thereof shall satisfy the
requirements of this paragraph with regard to consolidation of financial statements;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;As soon as practicable, and in any event within one hundred (100)&nbsp;days after the end of
each fiscal year of the Parent, the consolidated balance sheet of the Parent and its Subsidiaries
as at the end of such fiscal year, and related consolidated statements of income, retained
earnings, and changes in financial position for such fiscal year, setting forth in each case in
comparative form figures for the corresponding period in the preceding fiscal year, all in
reasonable detail and satisfactory in scope to the Bank and certified by and containing an
unqualified opinion of McGladrey &#038; Pullen, LLP, or other independent certified public accountants
of recognized national standing selected by the Parent and reasonably satisfactory to the Bank;
provided, however, that, the delivery of the Parent&#146;s annual report on Form 10-K promptly after its
timely filing with the SEC thereof shall satisfy the requirements of this paragraph with regard to
consolidated financial statements;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Together with each delivery of those items required by clauses (a)&nbsp;and (b)&nbsp;above, a
Certificate of Compliance in the form attached hereto as Exhibit &#147;D&#148;, executed by the chief
financial officer or the Vice President-Comptroller of the Borrower;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&#091;Intentionally deleted.&#093;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;Together with each delivery of the financial statements required by clause (b)&nbsp;above, a
certificate of the independent certified accountants stating that in making the examination
necessary to said certification of the financial statements, they obtained no knowledge of any
condition or event pertaining to financial or accounting matters that constitutes an Event of
Default, or event which after notice by the Bank or lapse of time, or both, or would constitute an
Event of Default; or if the accountants have obtained knowledge of any Event of Default or such
event, a statement specifying the nature and period of existence thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;Promptly upon distribution thereof, copies of all annual or quarterly financial or other
statements of Borrower and the Parent (including proxy statements, documents, and reports as the
Borrower) shall send to any class of its shareholders;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;At any time when the Borrower or the Parent is obligated to file reports with the SEC
pursuant to the Exchange Act, promptly, and in any event within fifteen (15)&nbsp;days after the filing
thereof, copies of all periodic reports, current reports, and registration statements which the
Borrower files with the SEC or any equivalent governmental agency and, promptly upon written
request therefor, copies of any financial statements which the Borrower files annually with any
federal, state, or local regulatory agency or agencies;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;With reasonable promptness such additional financial or other information as the Bank may
from time to time reasonably request (including, without limitation, consolidating financial
statements with respect to any Subsidiary); provided, however, that the Borrower shall not be
required to furnish any information requested pursuant to this paragraph to the extent that such
information is not then available or may not be produced without unreasonable effort or expense.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank is hereby authorized to deliver a copy of any financial statements or any other
information relating to the business, operations, or financial condition of the Parent, the
Borrower, or the Subsidiaries, which may be furnished to it or come to its attention pursuant to
the Loan Documents or otherwise, to any regulatory body or agency having jurisdiction over the Bank
or to any Person which shall or shall have the right or obligation to, succeed to all or any part
of the Bank&#146;s interest in the Loan Documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.2 </B><U><B>Payment of Indebtedness to the Bank; Performance of other Covenants; Payment of Other
Obligations.</B></U> The Borrower will (a)&nbsp;make full and timely payment of the principal of and
interest on the indebtedness owed hereunder; and (b)&nbsp;duly comply with all the terms and covenants
contained in the Loan Documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.3 </B><U><B>Conduct of Business; Maintenance of Existence and Rights.</B></U> The Borrower will, and
will cause its Subsidiaries to, (i)&nbsp;do or cause to be done all things necessary to preserve and to
keep in full force and effect its respective corporate existence and rights and privileges as a
corporation, and will not liquidate or dissolve, and will take and fulfill, or cause to be taken
and fulfilled, all actions and conditions necessary to qualify, and to preserve and keep in full
force and effect its qualification, to do business as a foreign corporation in the jurisdictions in
which the conduct of its business or the ownership or leasing of its properties requires such
qualification, except where the failure to so qualify or maintain such qualification is reasonably
likely to materially adversely affect the business, earnings, prospects, properties, or condition
(financial or otherwise) of the Borrower and the Restricted Subsidiaries, taken as a whole;
provided, however, that this Section shall not be deemed to prohibit any transaction permitted by
Sections&nbsp;7.2 and 7.3 hereof, and (ii)&nbsp;obtain and maintain franchises, licenses, trade names,
patents, trademarks, and permits which are necessary to the ownership of its property or to the
continuance of its business except where the failure to obtain or maintain, either individually or
in the aggregate, is reasonably likely to materially adversely affect the business earnings
prospects, properties, or condition (financial or otherwise) of the Borrower and the Restricted
Subsidiaries, taken as a whole.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.4 </B><U><B>Maintenance of Property.</B></U> The Borrower will, and will cause its Subsidiaries to,
maintain its property in good condition and repair and, from time to time, make all necessary
repairs, renewals, replacements, additions, betterments, and improvements thereto, so that the
business carried on in connection therewith may be conducted in the ordinary course at all times.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.5 </B><U><B>Right of Inspection; Discussions.</B></U> The Borrower will, and will cause its
Subsidiaries to, permit any Bank employee or agent designated by the Bank, at the Bank&#146;s expense,
to visit and inspect any of the properties, corporate books, records, papers, and financial reports
of the Borrower or such Subsidiary, including the making of any copies thereof
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">and abstracts therefrom, and to discuss its affairs, finances, and accounts with its principal
officers and independent certified accountants (and by this provision the Borrower hereby
authorizes and directs said accountants to discuss with any such Person the finances and accounts
of the Borrower and the Subsidiaries), all upon reasonable notice, at reasonable times during
normal business hours, and with reasonable frequency. The Borrower will, and will cause each of
its Subsidiaries to, also permit the Bank, or its designated representative, to audit or appraise
any of its respective assets or financial and business records. Each such inspection (including
any audit or appraisal) shall be at the expense of the Person making the inspection, unless such
inspection shall be made during the continuance of an Event of Default (in which event the
reasonable expenses of any Person making any such inspection shall be borne by the Borrower).
Notwithstanding the foregoing sentence, it is understood and agreed by the Borrower that all
expenses in connection with any such inspection incurred by the Borrower or any Subsidiary, any
officers and employees thereof, and the independent certified accountants therefor shall be
expenses payable by the Borrower and shall not be expenses of the Person making the inspection.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.6 </B><U><B>Notices.</B></U> The Borrower will promptly, and in any event within fifteen (15)
Business Days thereafter, give notice to the Bank of:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;the institution of any suit, action, or proceeding against the Borrower or any Restricted
Subsidiary which is reasonably likely, in the reasonable judgment of the Borrower, to have a
materially adverse effect on the business, earnings, prospects, properties, or condition (financial
or otherwise) of the Borrower and the Restricted Subsidiaries, taken as a whole;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;upon the obtaining of knowledge thereof by any Responsible Officer, any change in any law
which is reasonably likely to have a materially adverse effect on the business, earnings,
prospects, properties, or condition (financial or otherwise) of the Borrower and the Restricted
Subsidiaries, taken as a whole;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;copies of any notice of violation, order, or other document evidencing noncompliance with
any environmental law which is reasonably likely to have a materially adverse effect on the
business, earnings, prospects, properties, or condition (financial or otherwise) of the Borrower
and the Restricted Subsidiaries, taken as a whole;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;upon the obtaining of actual knowledge thereof by any Responsible Officer, any Event of
Default, specifying the nature and period of existence thereof, what action the Borrower has taken
or is taking or proposes to take with respect thereto, and an estimate of the time necessary to
cure such Event of Default;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;upon any Responsible Officer being aware thereof, the occurrence of any (i)&nbsp;ERISA
Termination Event; (ii) &#147;prohibited transaction&#148; (within the meaning of Section&nbsp;4975 of the Code or
Section&nbsp;406 of ERISA), other than one to which an exemption applies; (iii)&nbsp;failure to make a timely
contribution to any Pension Plan, if such failure has given rise to a lien under Section&nbsp;412 (n)&nbsp;of
the Code; or (iv)&nbsp;actual, asserted, or alleged violation of ERISA, the Code, or comparable
provision of applicable foreign law, that, with respect to any of the events set forth in the
forgoing clauses (i)&nbsp;through (iv), could result in a tax, penalty, or other consequence to the
Borrower, any Subsidiary, or any ERISA Affiliate in connection with any Plan, which tax,
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">penalty, or other consequence, individually or in the aggregate, would materially affect,
individually or in the aggregate, the business, earnings, prospects, properties, or condition
(financial or otherwise) of the Borrower and its Restricted Subsidiaries, taken as a whole, what
action the Borrower is taking or proposes to take with respect thereto, and, when known, any action
taken by the IRS, the U.S. Department of Labor, the PBGC, any foreign governmental entity, or any
other Person with respect thereto;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;upon the obtaining of actual knowledge by any Responsible Officer, that any franchise or
license held by the Borrower or any Restricted Subsidiary will be revoked, terminated, or
suspended, other than any termination in connection with the sale of any assets pursuant to
Sections&nbsp;7.2 and 7.3 hereof, and other the revocations, terminations, and suspensions which,
individually or in the aggregate, would not have a material adverse effect on the business,
earnings, prospects, properties, or condition (financial or otherwise) of the Borrower and the
Restricted Subsidiaries, taken as a whole;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;copies of all press releases and other written statements made available generally by the
Borrower to its stockholders or to one or more financial news services concerning material
developments in the business of the Borrower and the Restricted Subsidiaries, taken as a whole;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;copies of any notice of the exercise of any remedy by any secured party with respect to
any of the material assets or property of the Borrower and the Restricted Subsidiaries, taken as a
whole;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;copies of any Form 8-K filed under the Exchange Act; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;the occurrence of any material casualty to any material facility of the Borrower or any
other force majeure (including, without limitation, any strike or other labor disturbance)
materially affecting the operation or value of any such facility and which is reasonably likely to
have a materially adverse effect on the business, earnings, prospects, properties, or condition
(financial or otherwise) of the Borrower and the Restricted Subsidiaries, taken as a whole
(specifying whether or not such casualty or force majeure is covered by insurance).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.7 </B><U><B>Payment of Taxes; Liens.</B></U> The Borrower will, and will cause its Subsidiaries to,
pay and discharge promptly when due:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;all taxes, assessments, and governmental charges and levies imposed upon it, its income,
or profits or any of its properties, before the same shall become delinquent; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;all lawful claims of materialmen, mechanics, carriers, warehousemen, landlords, and other
similar Persons for labor, materials, supplies and rentals that, if unpaid, might by law become a
Lien upon any of its property;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">provided, however, that none of the foregoing need be paid while the same is being contested in
good faith by appropriate proceedings diligently conducted so long as adequate reserves shall have
been established in accordance with GAAP with respect thereto, title of the Borrower or, any
subsidiary, as the case may be, to the particular property shall not be divested thereby, and the
right of the Borrower or such Subsidiary to use said property shall not be materially
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">adversely affected thereby; provided, further, that any delinquency or non-payment of an immaterial
amount which does not result in the imposition of a Lien which is not a Permitted Lien shall not be
an Event of Default hereunder. Each of the Borrower and its Subsidiaries will file all federal,
state and local tax returns and all other tax reports as required by law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.8 </B><U><B>Insurance of Properties.</B></U> The Borrower will, and will cause each Subsidiary to
maintain, with respect to its business and properties, insurance at all times by insurance
companies of nationally recognized stature and responsibility which the Borrower believes to be
financially sound, of a character usually insured by corporations engaged in the same or a similar
business similarly situated against loss or damage of the kinds and in the amounts customarily
insured against and for by such corporations, and carry or cause to be carried, with such insurers
in customary amounts (with customary deductibles), such other insurance, including public liability
insurance, as is usually carried by corporations engaged in the same or a similar business
similarly situated; provided, however, that all insurance maintained pursuant to this paragraph
shall be carried in amounts sufficient to prevent the Borrower or any Subsidiary from incurring
liability as a co-insurer under law or the terms of the applicable policy or policies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.9 </B><U><B>True Books.</B></U> The Borrower will, and will cause its Subsidiaries to, keep proper
books of record and account, in which entries will be made of all of its respective dealings and
transactions in accordance with and to the extent required by GAAP, and establish on its books such
accruals and reserves in amounts deemed adequate in the reasonable opinion of the Borrower, that,
in accordance with GAAP, should be set aside in connection with the business of the Borrower and
its Subsidiaries, including reserves for depreciation, obsolescence, amortization, third-party
insurance payment, and claims and accruals for taxes based on or measured by income on profits, and
for all other taxes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.10 </B><U><B>Observance of Laws.</B></U> The Borrower will, and will cause the Parent and its
Subsidiaries to, conform to and duly observe all laws, regulations, and other valid requirements of
any governmental authority with respect to the conduct of its business, the violation of which,
individually or in the aggregate, is reasonably likely to materially adversely affect the business,
earnings, prospects, properties, or condition (financial or otherwise) of the Borrower and its
Restricted Subsidiaries, taken as a whole.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.11 </B><U><B>Further Assurances.</B></U> Upon request of the Bank, the Borrower will, and will cause
Restricted Subsidiary to, duly execute and deliver or cause to be duly executed and delivered to.
the Bank such further instruments or documents and do and cause to be done such further acts as may
be reasonably necessary or proper in the reasonable opinion of the Bank to carry out more
effectively the provisions and purposes of this Agreement and the other Loan Documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.12 </B><U><B>ERISA.</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Each of the Borrower, its Subsidiaries, and the ERISA Affiliates will take all actions and
fulfill all conditions necessary to maintain any and all Plans in substantial compliance with
applicable requirements of ERISA, the Code, and applicable foreign law until
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">such Plans are terminated, and the liabilities thereof discharged, in accordance with
applicable law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;No domestic Pension Plan (other than a Multiemployer Plan) will incur any &#147;accumulated
funding deficiency&#148; (within the meaning of Section&nbsp;412 of the Code), and no foreign Pension Plan
will be in violation of any funding requirement imposed by applicable foreign law, which deficiency
or violation would or would be reasonably likely to, materially adversely affect the business,
earnings, prospects, properties, or condition (financial or otherwise) of the Borrower and the
Restricted Subsidiaries, taken as a whole.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.13 </B><U><B>Change of Name, Principal Place of Business, Office, or Agent.</B></U> The Borrower will
provide the Bank with prior written notice of any change in the name of the Borrower, the Parent,
or any Restricted Subsidiary, the principal place of business of the Borrower, the Parent, or any
Restricted Subsidiary, the office where the books and records of the Borrower, the Parent, or any
Restricted Subsidiary are kept, or any change in the registered agent of the Borrower, the Parent,
or any subsidiary for the purposes of service of process.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.14 </B><U><B>Financial Covenants.</B></U> The Borrower will, in accordance with GAAP, maintain as of
the last day of each fiscal quarter, commencing August&nbsp;2, 2008:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;A ratio of Consolidated Funded Debt to Consolidated Net Worth of not more than 2.0 to 1.0.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;A ratio of Consolidated Funded Debt to Consolidated EBITDA for the four (4)&nbsp;fiscal
quarters then ending of not more than 3.5 to 1.0.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECTION 7. NEGATIVE COVENANTS.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower covenants and agrees that from the date of this Agreement until payment in full
of all present or future indebtedness hereunder, and termination of all present or future credit
facilities established hereunder, unless the Bank shall otherwise consent in writing, the Borrower
will fully comply and will cause each Subsidiary to fully comply with the following provisions:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.1 </B><U><B>Limitations on Mortgages, Liens, Etc.</B></U> The Borrower will not, and will not permit
any Restricted Subsidiary to, directly or indirectly, create, incur, assume, or suffer or permit to
exist, any Lien, other than in favor of Bank or the Permitted Liens.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.2 </B><U><B>Consolidation and Merger, Sale of Assets, Etc.</B></U> The Borrower will not, and will
not permit or any Restricted Subsidiary to, merge into or consolidate with, or sell, lease, or
otherwise dispose of all or substantially all of its assets, directly or indirectly, in one or a
series of transactions, to any other Person, or permit any other Person to merge into or
consolidate with it or any Restricted Subsidiary except:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Borrower may permit any corporation to merge into it so long as: (i)&nbsp;the Borrower
shall be the surviving corporation; (ii)&nbsp;immediately after giving effect to the transaction, the
Borrower shall be permitted by the provisions of this Agreement to incur at least $1.00 of
additional Funded Debt; and (iii)&nbsp;immediately before and after giving effect to the transaction, no
Event of Default shall exist;
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Borrower may merge into or consolidate with, or sell all or substantially all of its
assets to, any other corporation, so long as: (i)&nbsp;the corporation which survives such merger or
results from such consolidation or acquires such assets shall be organized under the laws of the
United States of America, a state thereof or the District of Columbia; (ii)&nbsp;the surviving
corporation shall assume, by an instrument reasonably satisfactory in form and substance to the
Bank, the obligations of the Borrower under this Agreement; (iii)&nbsp;immediately after giving effect
to the transaction, the surviving corporation shall be permitted by the provisions of this
Revolving Credit to incur at least $1.00 of additional Funded Debt; (iv)&nbsp;immediately before and
after giving effect to the transaction, no Event of Default shall exist; and (v)&nbsp;an opinion of
counsel (reasonably satisfactory in form and substance to the Bank) shall be delivered to the Bank
upon consummation of the transaction to the effect that this Agreement, the Revolving Credit Note,
and the instrument referred to in the foregoing clause (ii)&nbsp;are legal, valid, and binding
obligations of the surviving corporation, enforceable against the surviving corporation in
accordance with their respective terms, and as to such other matters as to which the Bank shall
have received a legal opinion on the date of this Agreement as the Bank may reasonably request;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Any Restricted Subsidiary may merge into or consolidate with (i)&nbsp;the Borrower; (ii)&nbsp;any
other Restricted Subsidiary; or (iii)&nbsp;any other corporation, so long as (x)&nbsp;if such other
corporation is the surviving corporation, it is organized under the laws of the United States of
America, a state thereof, or the District of Columbia and, simultaneously with the consummation of
such merger or consolidation, is designated a Restricted Subsidiary pursuant to Section&nbsp;7.10
hereof; (y)&nbsp;immediately after and giving effect to such merger or consolidation, the Borrower shall
be permitted by the Provisions of this Agreement to incur at least $1.00 of additional Funded Debt;
and (z)&nbsp;immediately before and after giving effect to the transaction, no Event of Default shall
exist; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Any Restricted Subsidiary may sell all or substantially all of its assets to (i)&nbsp;the
Borrower; (ii)&nbsp;any other Restricted Subsidiary; or (iii)&nbsp;any other corporation, so long as (v)&nbsp;such
transaction complies with the provisions of Sections&nbsp;7.2 and 7.3 hereof, (w)&nbsp;any indebtedness of
such Restricted Subsidiary to the Borrower and to any other Restricted Subsidiary is repaid prior
to or contemporaneously with such transaction, (x)&nbsp;no Investment of such Restricted Subsidiary in
the Borrower or any other Restricted Subsidiary is included among the assets sold in such
transaction, (y)&nbsp;immediately before and after giving effect to such transaction, the Borrower shall
be permitted by the provisions of this Agreement to incur at least $1.00 of additional Funded Debt,
and (z)&nbsp;immediately before and after giving effect to such transaction, no Event of Default shall
exist.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.3 </B><U><B>Transfer and Sale of Assets; Sale and Leaseback.</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Borrower will not, and will not permit any Restricted Subsidiary to, directly or
indirectly, through a single transaction or a series of transactions, sell, lease, transfer, or
otherwise dispose of or suffer to be sold, leased, transferred, abandoned, or otherwise disposed
of, all or any part of its assets except:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Borrower or any Restricted Subsidiary may sell its inventory, materials, and
surplus and obsolete equipment in each case in the ordinary course of its business;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Borrower or any Restricted Subsidiary may sell all or substantially all of its
assets to the extent permitted under this Agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Any Restricted Subsidiary may sell, lease, transfer, or otherwise dispose of any
of its assets to the Borrower or any other Restricted Subsidiary; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The Borrower or any Restricted Subsidiary may sell, lease, or otherwise dispose of
assets to a Person which is not an Affiliate of the Borrower for cash and/or indebtedness
issued by the purchaser of such assets in consideration therefor (each such sale, lease, or
other disposition of assets pursuant to this clause (iii)&nbsp;being hereinafter referred to as a
&#147;sale&#148;), so long as such sale (i)&nbsp;is determined in good faith by the Borrower to be for a
price or rental at least equal to the fair market sale or rental value of the assets sold,
leased, or otherwise disposed of and to be in the best interest of the Borrower, and (ii)
does not constitute a Substantial Sale of Assets.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Borrower will not, and will not permit any of the Restricted Subsidiaries to, directly
or indirectly, sell, transfer, or otherwise dispose of any property, whether now owned or hereafter
acquired, in connection with a transaction in which it is contemplated that such property, or any
portion thereof, or any other property that the Borrower or such Restricted Subsidiary, as the case
may be, intends to use for substantially the same purpose as the property so sold, transferred, or
otherwise disposed of, will simultaneously or subsequently be leased back to the Borrower or any
Restricted Subsidiary (a &#147;Sale Leaseback Transaction&#148;) unless:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Such Sale Leaseback Transaction involves a lease which (x)&nbsp;if such Lease is an
operating lease, would be permitted pursuant to the provisions of this Agreement and, (y)&nbsp;if
such Lease is a Capital Lease, the Attributable Indebtedness associated with such Capital
Lease would be permitted pursuant to the provisions of this Agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Such Sale Leaseback Transaction relates solely to property or assets with respect
to which the Borrower or any Restricted Subsidiary may create a Lien pursuant to the
provisions of paragraphs (f), (g), or (h)&nbsp;of the definition of &#147;Permitted Liens&#148; set forth
in Section&nbsp;1.1 hereof; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Such Sale Leaseback Transaction either (x)&nbsp;complies with the provisions of this
Agreement or (y)&nbsp;is consummated within twelve (12)&nbsp;months of the date on which the
construction of all the leased assets has been completed, whichever is later.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.4 </B><U><B>Payment Restrictions.</B></U> The Borrower will not, and will not permit any of its
Restricted Subsidiaries to, enter into any agreement, instrument, or other document which prohibits
or restricts in any way or to otherwise, directly or indirectly, create or cause or suffer to exist
or become effective any encumbrance or restriction on the ability of any Restricted Subsidiary to
(i)&nbsp;pay dividends, or make any other distribution in respect of its capital stock or any other
equity interest or participation in its profits owned by the Borrower or any Restricted Subsidiary,
or pay or repay any indebtedness owed to the Borrower or any Restricted Subsidiary, (ii)&nbsp;make loans
or advances to the Borrower, or (iii)&nbsp;transfer any of its properties or assets to the Borrower or
any Restricted Subsidiary (subject to the rights of any holder of a Lien on any such properties or
assets which Lien is a Permitted Lien).
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.5 </B><U><B>Limitations on Distributions.</B></U> The Borrower will not declare or make, or permit
any Restricted Subsidiary to declare or make, any distribution, dividend, payment or other
distribution of assets, properties, cash, rights, obligations or securities (collectively,
&#147;Distributions&#148;) on account of its capital stock, or purchase, redeem or otherwise acquire for
value any capital stock, or any warrants, rights or options to acquire such capital stock, now or
hereafter outstanding, except that:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Borrower may pay dividends to its shareholders if no Event of Default has occurred and
is continuing, either before the declaration and payment of such dividends or after giving effect
thereto; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Restricted Subsidiaries may make Distributions to the Borrower or to other Restricted
Subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.6 </B><U><B>&#091;RESERVED&#093;</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.7 </B><U><B>Regulation&nbsp;U.</B></U> The Borrower will not permit any part of the proceeds of the loan
or loans made pursuant to this Agreement to be used to purchase or carry or to reduce or retire any
loan incurred to purchase or carry any margin stock (within the meaning of Regulation&nbsp;U of the
Board of Governors of the Federal Reserve System) or to extend credit to others for the purpose of
purchasing or carrying any such margin stock, or to be used for any other purpose which violates,
or which would be inconsistent with, the provisions of Regulation&nbsp;U or other applicable regulation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.8 </B><U><B>Transactions with Affiliates.</B></U> Neither the Borrower nor any Restricted Subsidiary
will enter into any transaction (including, without limitation, the purchase, sale, lease, or
exchange of any property, the rendering of any services, or the payment of management fees) with
any Affiliate, except: (i)&nbsp;transactions in the ordinary course of the business of the Borrower or
such Restricted Subsidiary, and in good faith and upon commercially reasonable terms that are no
less favorable to it than it would obtain in a comparable arm&#146;s length transaction with a Person
other than an Affiliate; and (ii)&nbsp;transactions between the Borrower and any wholly-owned Restricted
Subsidiary which are not otherwise prohibited by this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.9 </B><U><B>Limitation on Nature of Business.</B></U> The Borrower and the Restricted Subsidiaries
will remain engaged in lines of business related to the businesses in which the Borrower and its
Restricted Subsidiaries are currently engaged.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.10 </B><U><B>Restricted Subsidiaries.</B></U> The Borrower will not hereafter designate any entity as
a Restricted Subsidiary hereunder (and any such designation shall be without effect hereunder)
unless:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The board of directors of the Borrower shall have duly adopted a resolution
approving such designation, and the Bank shall have received a copy of such resolution
certified by the secretary or assistant secretary of the company;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Such entity satisfies the requirements of the definition of &#147;Restricted
Subsidiary&#148; set forth in this Agreement;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) No Event of Default shall exist prior to, as a result of, or immediately after
giving effect to, such designation;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Immediately after such designation and including such entity in such
determination, the Borrower shall be permitted to incur at least $1.00 of additional Funded
Debt pursuant to the provisions of this Agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Such entity shall have executed a Guaranty pursuant to the provisions of Section
3.2 hereof and obtained, if required by the Bank, an opinion of counsel reasonably
satisfactory to it as to the due authorization, execution, and delivery of such Guaranty by
such corporation; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) The Borrower shall promptly, and in any event within seven (7)&nbsp;Business Days after
such designation, give notice to the Bank of the fact of such designation, the name,
jurisdiction of incorporation or organization, principal business address, and business of
such newly-designated Restricted Subsidiary, and certifications as to and computations
showing compliance with the requirements of this Section, and shall deliver to the Bank with
such notice the Guaranty and counsel opinion, if any;
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">provided, however, that, for the purposes of this Section, any computation of any financial
covenant in connection with the determination of the absence of an Event of Default or the ability
of the Borrower to incur Indebtedness after giving effect to the designation of a corporation as a
Restricted Subsidiary shall be made on a pro forma basis, and, without limitation, shall include
the Indebtedness of such corporation in any such computation for the relevant period in the case of
any such designation and include the net income or EBITDA of such corporation in such computation
in the case of any such designation. Notwithstanding the foregoing provisions of this Section, to
the extent that a Subsidiary is not designated a Restricted Subsidiary within ninety (90)&nbsp;days
after the day on which such Subsidiary becomes a Subsidiary of the Borrower, such Subsidiary shall
be deemed to be an Unrestricted Subsidiary. Any designation of a Person as a Restricted Subsidiary
shall be irrevocable.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.11 </B><U><B>Changes in Governing Documents, Accounting Methods, Fiscal Year.</B></U> The Borrower
will not, and will not permit its Subsidiaries to, amend in any respect its constituent documents
from that in existence on the date of this Agreement or change its respective accounting methods or
practices, its depreciation or amortization policy or rates, or its fiscal year end from that in
existence as of the date of the financial statements provided to the Bank pursuant to Section&nbsp;4.5
hereof, except as required to comply with law or with GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.12 </B><U><B>Limitation on Incurrence of Funded Debt.</B></U> The Borrower agrees that throughout the
term of the Revolving Credit:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Neither the Borrower nor any Restricted Subsidiary shall at any time, directly or
indirectly, incur, create, assume, guarantee or become liable in any manner with respect to any
Funded Debt unless, immediately after giving effect to such incurrence: (i)&nbsp;the ratio of
Consolidated Funded Debt (determined immediately after giving effect to such incurrence) to EBITDA
(for the four (4)&nbsp;most recent full fiscal quarters) shall be equal to or less than 3.50 to 1.00;
and (ii)&nbsp;no Event of Default shall exist.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;For purposes of this Section&nbsp;7.12, if Funded Debt is incurred by the Borrower or a
Restricted Subsidiary for the purpose of acquiring Voting Stock of or any assets of any Person
which is not a Restricted Subsidiary and, immediately after and giving effect to such acquisition,
such Person will be a Restricted Subsidiary (in the case of an acquisition of Voting Stock) or such
assets will be owned by Borrower of a Restricted Subsidiary (in the case of an acquisition of
assets), then the amounts of EBITDA of such Person or of EBITDA attributable to such assets which
would have been included in EBITDA if such Person had been a Restricted Subsidiary or such assets
had been owned by Borrower or a Restricted Subsidiary during the relevant fiscal quarters shall be
included in EBITDA for the relevant fiscal quarters for purposes of determining compliance with
this Section&nbsp;7.12.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECTION 8. EVENTS OF DEFAULT.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following events shall constitute &#147;Events of Default&#148; hereunder:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.1 </B><U><B>Payment of Obligations Under Loan Documents.</B></U> The Borrower fails to make timely
payment of any principal, interest, or other amount due on any indebtedness owed the Bank under the
Loan Documents, or fails to make any other payment to the Bank as contemplated thereunder either by
the terms hereof or otherwise when due, and such failure shall continue for five (5)&nbsp;days.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.2 </B><U><B>Representation or Warranty.</B></U> Any representation or warranty made or deemed made by
the Borrower or any Restricted Subsidiary herein or in any writing furnished in connection with or
pursuant to the Loan Documents, or any report certificate, financial statement, or other
information provided by others and furnished by the Borrower or any Restricted Subsidiary to the
Bank in connection with or pursuant to the Loan Documents, shall be false or misleading in any
material respect on the date when made or when deemed made.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.3 </B><U><B>Covenants under this Agreement.</B></U> A default in the observance or performance of any
of the conditions, covenants or agreements of Borrower set forth in Sections&nbsp;6.5, 6.6(d), 6.14 or
7.1 through 7.13, inclusive.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.4 </B><U><B>Other Covenants Under the Loan Documents.</B></U> The Borrower or any other Person fails
to fully and promptly perform when due (i)&nbsp;any other agreement, covenant, term, or condition
binding on it contained in this Agreement, and such failure shall have continued unremedied for
thirty (30)&nbsp;days after notice thereof has been given to Borrower or (ii)&nbsp;any agreement, covenant,
term or condition binding on it contained in any other Loan Document (taking into account
applicable periods of notice and cure, if any).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.5 </B><U><B>Payment, Performance, or Default of other Monetary Obligations.</B></U> The Borrower or
any Restricted Subsidiary fails to make payment on any contract obligation or of principal or
interest on any indebtedness other than that created under the Loan Documents or otherwise owed to
the Bank, individually or in the aggregate, exceeding $2,500,000.00, beyond any period of grace
provided with respect thereto, or fails to fully and promptly perform any other obligation,
agreement, term, or condition contained in any agreement under which any such other Indebtedness is
created, or there is otherwise a default or event of default thereunder, if the effect of any such
failure or default is to cause, or permit the holder or holders of such
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">indebtedness (or a trustee or other person or entity acting in behalf of such holder or
holders) to cause, such indebtedness to become due prior to its stated maturity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.6 </B><U><B>Covenants or Defaults to the Bank or Others; Revocation of Guaranty.</B></U> The Borrower
or any Restricted Subsidiary fails to fully and promptly perform when due any agreement, covenant,
term, or condition binding on it, contained in any lease, contract, or other agreement to which it
is a party or in respect of which it is obligated, other than the Loan Documents and other than any
monetary default (as described above), beyond any period of grace provided with respect thereto, or
there is otherwise a default or event of default thereunder, if such failure or default would,
either individually or in the aggregate, materially and adversely affect the business, earnings,
prospects, properties, or conditions (financial or otherwise) of the Borrower and the Restricted
Subsidiaries, taken as a whole; or any Restricted Subsidiary revokes or attempts to revoke any
Guaranty.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.7 </B><U><B>Liquidation; Dissolution; Bankruptcy; Etc.</B></U> Liquidation or dissolution of the
Borrower, the Parent or any Restricted Subsidiary, suspension of the business of the Borrower or
any Restricted Subsidiary, or the filing or commencement by the Borrower, the Parent or any
Restricted Subsidiary of a voluntary petition, case, proceeding, or other action seeking
reorganization, arrangement, readjustment of its debts, or any other relief under any existing or
future law of any jurisdiction, domestic or foreign, state or federal, relating to bankruptcy,
insolvency, reorganization or relief of debtors, or any other action of the Borrower, the Parent or
any Restricted Subsidiary indicating its consent to, approval of, or acquiescence in, any such
petition, case, proceeding, or other action seeking to have an order for relief entered with
respect to it or its debts; the application by the Borrower, the Parent or any Restricted
Subsidiary for, or the appointment, by consent or acquiescence of, a receiver, trustee, custodian,
or other similar official for the Borrower or any Restricted Subsidiary, or for all or a
substantial part of its respective property; the making by the Borrower or any Restricted
Subsidiary of an assignment for the benefit of creditors; or the inability of the Borrower or any
Restricted Subsidiary, or the admission by the Borrower or any Restricted Subsidiary in writing of
its inability to pay its debts as they mature.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.8 </B><U><B>Involuntary Bankruptcy, Etc.</B></U> Commencement of an involuntary petition, case,
proceeding, or other action against the Borrower, the Parent or any Restricted Subsidiary under the
Bankruptcy Code or seeking reorganization, arrangement, readjustment of its debts, or any other
relief under any existing or future law of any jurisdiction, domestic or foreign, state or federal,
relating to bankruptcy, insolvency, reorganization, or relief of debtors; or the involuntary
appointment of a receiver, trustee, custodian, or other similar official for the Borrower, the
Parent or any Restricted Subsidiary, or for all or a substantial part of its respective property or
assets; or there shall be commenced against the Borrower, the Parent or any Restricted Subsidiary
any case, proceeding, or other action seeking issuance of a warrant of attachment, execution,
distraint, or similar process against all or any substantial part of the assets, or property of
such person which results in the entry of an order for such relief, and the continuance of any of
such for sixty (60)&nbsp;days without being vacated, discharged, stayed, bonded, or dismissed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.9 </B><U><B>Judgments.</B></U> The rendition of a judgment or judgments against the Borrower or any
Restricted Subsidiary for the payment of damages or money, individually or in the
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">aggregate, in excess of $2,500,000, if the same is/are not discharged or if a writ of
execution or similar process is issued with respect thereto and is not stayed within the time
allowed by law for filing notice of appeal of the final judgment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.10 </B><U><B>Attachment, Garnishment, Liens Imposed by Law.</B></U> The issuance of a writ of
attachment or garnishment against, or the imposition of a lien by operation of law on, any property
of the Borrower or any Restricted Subsidiary, if the amount of the claim or the value of the
affected property is in excess of $2,500,000, individually or in the aggregate, and if forty-five
(45)&nbsp;days have elapsed and the proceeding or lien has not been vacated, satisfied, dismissed, or
stayed pending appeal.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.11 </B><U><B>ERISA.</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Any domestic Pension Plan (other than a Multiemployer Plan) shall incur an &#147;accumulated
funding deficiency&#148; (within the meaning of Section&nbsp;412 of the Code) with respect to any plan year;
or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Any waiver shall be sought or granted under Section 412(d) of the Code; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Any foreign Pension Plan shall violate any funding requirement imposed by applicable
foreign law; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Any Pension Plan shall be, have been or be likely to be terminated or the subject of
termination proceedings under ERISA; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;the Borrower, the Parent, any Subsidiary, or any ERISA Affiliate shall incur or be likely
to incur a liability to or on account of a Pension Plan under Sections&nbsp;4062, 4063, 4064, or 4201 of
ERISA or comparable provision of applicable foreign law, and there shall result from one or more of
the events set forth in the foregoing clauses (i)&nbsp;through (v)&nbsp;either a liability or a material risk
of incurring a liability to the PBGC, any foreign governmental entity, or a Pension Plan, which
could have a material and adverse effect on the business, earnings, prospects, properties, or
condition (financial or otherwise) of the Borrower or the Borrower and its Restricted Subsidiaries,
taken as a whole.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.12 </B><U><B>Corporate Existence.</B></U> Any act or omission (formal or informal) of the Borrower,
the Parent or any Restricted Subsidiary or its officers, directors, or shareholders leading to, or
resulting in, the termination, invalidation (partial or total), revocation, suspension,
interruption, or unenforceability of (i)&nbsp;its corporate existence, rights, and privileges, or (ii)
its licenses, franchises, or permits where the failure to maintain, either individually or in the
aggregate, is reasonably likely to materially adversely affect the business, earnings, prospects,
properties, or condition (financial or otherwise) of the Borrower and its Restricted Subsidiaries,
taken as a whole.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECTION 9. REMEDIES OF THE BANK.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any one or more of the Events of Default described in Section&nbsp;8 shall occur, the Bank may,
at its option at any time thereafter, take one or more of the following actions: (i)&nbsp;declare all
amounts due and payable hereunder by the Borrower to the Bank and all other obligations and
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->40<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">indebtedness owed by the Borrower to the Bank to be forthwith due and payable (with the
exception of an Event of Default described in Sections&nbsp;8.7 or 8.8, in which case the amounts due
and payable hereunder by the Borrower to the Bank and all other obligations and indebtedness owed
by the Borrower to the Bank shall automatically become due and payable), whereupon the indebtedness
owed to the Bank by the Borrower hereunder and all other obligations owed by the Borrower to the
Bank with accrued interest thereon, whether contingent or direct, shall forthwith become due and
payable, without presentment, demand, protest, or other notice of any kind from the Bank, all of
which are hereby expressly waived, anything contained in the Loan Documents to the contrary
notwithstanding, and all commitments to make Advances shall terminate; (ii)&nbsp;require the Borrower to
grant a lien or a security interest in all assets of the Borrower to the Bank, subject to the
provisions of Section&nbsp;3.1(b) hereof, and (iii)&nbsp;immediately proceed to do all other things provided
for by law or the Loan Documents to enforce its rights hereunder and to collect all amounts owing
to the Bank by the Borrower. No right, power, or remedy conferred upon the Bank by the Loan
Documents shall be exclusive of any other right, power, or remedy referred to therein or now or
hereafter available at law or in equity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon the occurrence and during the continuance of any Event of Default, Borrower shall
immediately upon demand by Bank deposit with Bank cash collateral in the amount equal to the
maximum amount available to be drawn at any time under any Letter of Credit then outstanding.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECTION 10. CHANGES IN LAW OR CIRCUMSTANCES; INCREASED COSTS; PRICING GRID.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.1 </B><U><B>Reimbursement of Prepayment Costs.</B></U> If Borrower makes any payment of principal
with respect to any Eurocurrency-based Advance (or converts or refunds, or attempts to convert or
refund any such Advance) on any day other than the last day of the Interest Period applicable
thereto (whether voluntarily, by acceleration, or otherwise), or if Borrower fails to borrow,
refund or convert any Eurocurrency-based Advance after notice has been given by Borrower to Bank in
accordance with the terms hereof requesting such Advance, or if Borrower fails to make any payment
of principal or interest in respect of a Eurocurrency-based Advance when due, Borrower shall
reimburse Bank on demand for any resulting loss, cost or expense incurred by Bank as a result
thereof, including, without limitation, any such loss, cost or expense incurred in obtaining,
liquidating, employing or redeploying deposits from third parties, whether or not Bank shall have
funded or committed to fund such Advance. Such amount payable by Borrower to Bank may include,
without limitation, an amount equal to the excess, if any, of (a)&nbsp;the amount of interest which
would have accrued on the amount so prepaid, or not so borrowed, refunded or converted, for the
period from the date of such prepayment or of such failure to borrow, refund or convert, through
the last day of the relevant Interest Period, at the applicable rate of interest for said
Advance(s) provided under this Agreement, over (b)&nbsp;the amount of interest (as reasonably determined
by Bank) which would have accrued to Bank on such amount by placing such amount on deposit for a
comparable period with leading banks in the interbank eurocurrency market. Calculation of any
amounts payable to Bank under this paragraph shall be made as though such Bank shall have actually
funded or committed to fund the relevant Advance through the purchase of an underlying deposit in
an amount equal to the amount of such Advance and having a maturity comparable to the relevant
Interest Period; provided, however, that Bank may fund any Eurocurrency-based Advance in any manner
it deems fit and the foregoing assumptions shall be utilized only for the purpose of the
calculation
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">of amounts payable under this paragraph. Upon the written request of Borrower, Bank shall
deliver to Borrower a certificate setting forth the basis for determining such losses, costs and
expenses, which certificate shall be conclusively presumed correct, absent manifest error.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.2 </B><U><B>Bank&#146;s Eurocurrency Lending Office.</B></U> For any Advance to which the
Eurocurrency-based Rate is applicable, if Bank shall designate a Eurocurrency Lending Office which
maintains books separate from those of the rest of Bank, Bank shall have the option of maintaining
and carrying the relevant Advance on the books of such Eurocurrency Lending Office.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.3 </B><U><B>Circumstances Affecting Eurocurrency-based Rate Availability.</B></U> If with respect to
any Interest Period, Bank shall determine that, by reason of circumstances affecting the interbank
markets generally, deposits in eurocurrency in the applicable amounts are not being offered to Bank
for such Interest Period, then Bank shall forthwith give notice thereof to the Borrower.
Thereafter, until Bank notifies Borrower that such circumstances no longer exist, the obligation of
Bank to make Eurocurrency-based Advances, and the right of Borrower to convert an Advance to or
refund an Advance as a Eurocurrency-based Advance shall be suspended, and the Borrower shall repay
in full (or cause to be repaid in full) the then outstanding principal amount of each such
Eurocurrency-based Advance covered hereby together with accrued interest thereon, and all other
amounts payable hereunder on the last day of the then current Interest Period applicable to such
Advance. Upon the date for repayment as aforesaid and unless Borrower notifies Bank to the contrary
within two (2)&nbsp;Business Days after receiving a notice from Bank pursuant to this Section, such
outstanding principal amount shall be converted to a Prime-based Advance as of the last day of such
Interest Period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.4 </B><U><B>Laws Affecting Eurocurrency-based Advance Availability.</B></U> In the event that any
applicable law, rule or regulation (whether domestic or foreign) now or hereafter in effect and
whether or not currently applicable to Bank or any interpretation or administration thereof by any
governmental authority charged with the interpretation or administration thereof, or compliance by
Bank (or its Eurocurrency Lending Office) with any request or directive (whether or not having the
force of law) of any such authority, shall make it unlawful or impossible for Bank (or its
Eurocurrency Lending Offices) to honor its obligations hereunder to make or maintain any Advance
with interest at the Eurocurrency-based Rate, Bank shall so notify Borrower and the right of
Borrower to convert an Advance or refund an Advance as a Eurocurrency-based Advance, shall be
suspended and thereafter Borrower may select as Applicable Interest Rates only those which remain
available and which are permitted to be selected hereunder, and if Bank may not lawfully continue
to maintain an Advance to the end of the then current Interest Period applicable thereto as a
Eurocurrency-based Advance, Borrower shall immediately prepay such Advance, together with interest
to the date of payment, and any amounts payable under Section&nbsp;10.1 with respect to such prepayment
and the applicable Advance shall immediately be converted to a Prime-based Advance and the
Prime-based Rate shall be applicable thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.5 </B><U><B>Increased Cost of Eurocurrency-based Advances.</B></U> In the event that any applicable
law, rule or regulation (whether domestic or foreign) now or hereafter in effect and whether or not
currently applicable to Bank or any interpretation or administration thereof by any governmental
authority, central bank or comparable agency charged with the interpretation
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">or administration thereof, or compliance by Bank with any request or directive (whether or not
having the force of law) made by any such authority, central bank or comparable agency after the
date hereof:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;shall subject Bank to any tax, duty or other charge with respect to any Advance or any
Note or shall change the basis of taxation of payments to Bank of the principal of or interest on
any Advance or the Revolving Credit Note or any other amounts due under this Agreement in respect
thereof (except for changes in the rate of tax on the overall net income or revenues of Bank
imposed by the United States of America or the jurisdiction in which such Bank&#146;s principal
executive office is located); or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;shall impose, modify or deem applicable any reserve (including, without limitation, any
imposed by the Board of Governors of the Federal Reserve System), special deposit or similar
requirement against assets of, deposits with or for the account of, or credit extended by Bank or
shall impose on Bank or the interbank markets any other condition affecting any Advance or the
Revolving Credit Note;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">and the result of any of the foregoing is to increase the costs to Bank of making, funding or
maintaining any part of the Indebtedness hereunder as a Eurocurrency-based Advance or to reduce the
amount of any sum received or receivable by the Bank under this Agreement or under the Revolving
Credit Note in respect of a Eurocurrency-based Advance then Bank shall promptly notify the Borrower
in writing of such fact and demand compensation therefor and, within fifteen (15)&nbsp;days after such
notice, Borrower agrees to pay to Bank such additional amount or amounts as will compensate Bank
for such increased cost or reduction. A certificate of Bank setting forth the basis for determining
such additional amount or amounts necessary to compensate Bank shall be conclusively presumed to be
correct save for manifest error.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.6 </B><U><B>Other Increased Costs.</B></U> In the event that after the date hereof the adoption of
or any change in any applicable law, treaty, rule or regulation (whether domestic or foreign) now
or hereafter in effect and whether or not presently applicable to Bank, or any interpretation or
administration thereof by any governmental authority charged with the interpretation or
administration thereof, or compliance by Bank with any guideline, request or directive of any such
authority (whether or not having the force of law), including any risk based capital guidelines,
affects or would affect the amount of capital required or expected to be maintained by Bank (or any
corporation controlling Bank) and Bank determines that the amount of such capital is increased by
or based upon the existence of Bank&#146;s obligations or Advances hereunder and such increase has the
effect of reducing the rate of return on Bank&#146;s (or such controlling corporation&#146;s) capital as a
consequence of such obligations or Advances hereunder to a level below that which Bank (or such
controlling corporation) could have achieved but for such circumstances (taking into consideration
its policies with respect to capital adequacy) by an amount deemed by Bank to be material, then the
Borrower shall pay to Bank, from time to time, upon request by such Bank, additional amounts
sufficient to compensate such Bank (or such controlling corporation) for any increase in the amount
of capital and reduced rate of return which Bank reasonably determines to be allocable to the
existence of Bank&#146;s obligations or Advances hereunder. A statement as to the amount of such
compensation, prepared in good faith and in reasonable detail by Bank, shall be submitted by Bank
to the Borrower, reasonably
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->43<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">promptly after becoming aware of any event described in this Section&nbsp;10.6 and shall be
conclusive, absent manifest error in computation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.7 </B><U><B>Margin Adjustment.</B></U> Adjustments to the Applicable Margin, the Applicable Facility
Fee Percentage and the Applicable Letter of Credit Percentage, based on Schedule&nbsp;10.7, shall be
implemented on a quarterly basis as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Such adjustments shall be given prospective effect only, effective as to all Advances
outstanding hereunder, the Applicable Facility Fee Percentage and the Applicable Letter of Credit
Percentage, upon the date of delivery of the financial statements under Sections&nbsp;6.1(a) and 6.1(b)
hereunder and the Certificate of Compliance under Section&nbsp;6.1(e) hereof, in each case establishing
applicability of the appropriate adjustment and in each case with no retroactivity or claw-back.
If Borrower shall fail timely to deliver such financial statements or the Certificate of Compliance
and such failure continues for three (3)&nbsp;days, then (but without affecting the Event of Default
resulting therefrom) from the date delivery of such financial statements and report was required
until such financial statements and report are delivered, the Applicable Margin, the Applicable
Facility Fee Percentage and Applicable Letter of Credit Percentage shall be at the highest level on
the pricing grid attached to this Agreement as Schedule&nbsp;10.7.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;From the date hereof until the required date of delivery (or, if earlier, delivery) of the
financial statements under Section&nbsp;6.1(a) or 6.1(b) hereof, as applicable, and the Certificate of
Compliance under Section&nbsp;6.1(e) hereof, for the fiscal quarter ending August&nbsp;2, 2008, the
Applicable Margin, the Applicable Facility Fee Percentage and Applicable Fee Percentage shall be
those set forth under the Level I column of the pricing matrix attached to this Agreement as
Schedule&nbsp;10.7. Thereafter, the Applicable Margin, the Applicable Facility Fee Percentage and
Applicable Fee Percentage shall be based upon the quarterly financial statements and Certificate of
Compliance, subject to recalculation as provided in Section&nbsp;10.7(a) above.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECTION 11. MISCELLANEOUS.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.1 </B><U><B>Course of Dealing; Amendment; Supplemental Agreements.</B></U> No course of dealing
between the parties hereto shall be effective to amend, modify, or change any provision of this
Agreement. This Agreement may not be amended, modified, or changed in any respect except by an
agreement in writing signed by the party against whom such change is to be enforced. The parties
hereto may, subject to the provisions of this Section, from time to time, enter into written
agreements supplemental hereto for the purpose of adding any provisions to this Agreement or
changing in any manner the rights and obligations of the parties hereunder. Any such supplemental
agreement in writing shall be binding upon the parties thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.2 </B><U><B>Waiver By the Bank of Requirements.</B></U> The Bank may, in its sole discretion, sign
and deliver to the Borrower a written statement waiving any of the requirements of this Agreement
and in such event the waiver shall be effective only in the specific instance and for the specific
purpose for which given.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.3 </B><U><B>Waiver of Default.</B></U> The Bank may, in its sole discretion, by written notice to
the Borrower, at any time and from time to time, waive any Event of Default and its consequences,
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->44<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">or any default in the performance or observance of any condition, covenant, or other term hereof
and its consequences. Any such waiver shall be for such period and subject to such conditions as
shall be specified in any such notice. In the case of any such waiver, the Borrower and the Bank
shall be restored to their former positions prior to such Event of Default or default and shall
have the same rights as they had thereto, and any Event of Default or default so waived shall be
deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other
Event of Default or default, or impair any right consequent thereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.4 </B><U><B>Notices.</B></U> Notwithstanding any provisions to the contrary contained in the other
Loan Documents, all notices, requests and demands to or upon the parties to this Agreement pursuant
to any Loan Document shall be deemed to have been given or made when delivered by hand, or when
deposited in the mail, postage prepaid by registered or certified mail, return receipt requested,
addressed as follows or to such other address as may be hereafter designated in writing by one
party to the other:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="86%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Borrower:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NEWBEVCO, INC.</TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">One University Drive, Suite&nbsp;400A</TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Plantation, Florida 33324</TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention: President<BR>
&nbsp;&nbsp;and</TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention: Legal Counsel</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Bank:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">COMERICA BANK</TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">4100 Spring Valley Road</TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Suite&nbsp;400</TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Dallas, Texas 75244</TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention: Group Manager, U.S. Banking &#151; Southwest</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">except in cases where it is expressly herein provided that such notice, request, or demand is not
effective until received by the party to whom it is addressed.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.5 </B><U><B>No Waiver; Cumulative Remedies.</B></U> No omission or failure of the Bank to exercise
and no delay in exercising by the Bank of any right, power, or privilege hereunder, shall impair
such right, power, or privilege, shall operate as a waiver thereof or be construed to be a waiver
thereof; nor shall any single or partial exercise of any right, power, or privilege hereunder
preclude any other or further exercise thereof or the exercise of any other right, power, or
privilege. The rights and remedies provided in the Loan Documents are cumulative and not exclusive
of any rights or remedies provided by law, and the warranties, representations, covenants, and
agreements made therein shall be
cumulative, except in the case of irreconcilable inconsistency, in which case the provisions
of this Agreement shall control.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.6 </B><U><B>Reliance Upon, Survival of, and Materiality of Representations and Warranties,
Agreements, and Covenants.</B></U> All representations and warranties, agreements, and covenants made
by the Borrower in the Loan Documents are material and shall be deemed to have been relied upon by
the Bank and shall survive the execution and delivery of the Loan Documents and the making of the
loan or loans herein contemplated, and shall
continue in full
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->45<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">force and effect so long as any
indebtedness is owed to the Bank by the Borrower pursuant hereto or so long as there shall be any
commitment by the Bank to make loans to the Borrower hereunder. All statements contained in any
certificate to the Bank by Borrower, the Parent or any Subsidiary at any time by or on behalf of
the Borrower pursuant hereto shall constitute representations and warranties by the Borrower
hereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.7 </B><U><B>Set-Off.</B></U> Upon the occurrence of any Event of Default, the Bank is hereby
authorized at any time and from time to time, without notice to the Borrower, to set off,
appropriate, and apply any and all monies, securities and other property of the Borrower and all
proceeds thereof, now or hereafter held or received by, or in transit to, the Bank from or for the
Borrower, and also upon any and all deposits (general or special) and credits of the Borrower, if
any, at the Bank or all items hereinabove referred to against all indebtedness of the Borrower owed
to the Bank, whether under the Loan Documents or otherwise, whether now existing or hereafter
arising. The Bank shall be deemed to have exercised such right of set-off and to have made a
charge against such items immediately upon the occurrence of such Event of Default although made or
entered on its books subsequent thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.8 </B><U><B>Severability and Enforceability of Provisions.</B></U> If any one or more of the
provisions of the Loan Documents is determined to be invalid, illegal, or unenforceable in any
respect as to one or more of the parties, all remaining provisions nevertheless shall remain
effective and binding on the parties thereto and the validity, legality, and enforceability thereof
shall not be affected or impaired thereby. To the extent permitted by applicable law, the parties
hereby waive any provision of law that renders any provision hereof invalid, illegal, or
unenforceable in any respect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.9 </B><U><B>Payment of Expenses, Including Attorneys&#146; Fees and Taxes.</B></U> The Borrower agrees
(a)&nbsp;to pay or reimburse the Bank for all its reasonable and customary out-of-pocket costs and
expenses incurred in connection with the preparation, negotiation, execution, and delivery of, and
any amendment, supplement, or modification to, or waiver or consent under, the Loan Documents, and
the consummation of the transactions contemplated thereby, including, without limitation, the
reasonable and customary fees and disbursements of counsel for the Bank, taxes, and all recording
or filing fees, (b)&nbsp;except as expressly provided otherwise herein, to pay or reimburse the Bank for
all of its costs and expenses incurred in connection with the administration, supervision,
collection, or enforcement
of, or the preservation of any rights under, the Loan Documents, including, without
limitation, the reasonable fees and disbursements of counsel for the Bank, including attorneys&#146;
fees out of court, in trial, on appeal, in bankruptcy proceedings, or otherwise, (c)&nbsp;without
limiting the generality of provision (a)&nbsp;hereof, to pay or reimburse the Bank for, and indemnify
and hold the Bank harmless against liability for, any and all documentary stamp taxes,
non-recurring intangible taxes, or other taxes, together with any interest, penalties, or other
liabilities in connection therewith, that the Bank now or hereafter determines, are payable with
respect to the Loan Documents, the obligations evidenced by the Loan Documents, any Advances under
the Loan Documents, and any guaranties or mortgages or other security instruments, and (d)&nbsp;to pay,
indemnify, and hold the Bank harmless from and against any and all other liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses, or disbursements of any
kind or nature whatsoever with respect to the execution, delivery, enforcement, performance, and
administration of the Loan Documents with the exception of the willful or gross negligence of
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->46<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the
Bank. The agreements in this Section shall survive repayment of all other amounts payable
hereunder or pursuant hereto, now or in the future, and shall be secured by all collateral that
secures the loan or loans described herein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.10 </B><U><B>Obligations Absolute.</B></U> The obligations of the Borrower under this Agreement are
primary, absolute, independent, unconditional, and irrevocable, and shall be paid and performed
strictly in accordance with the terms of this Agreement, under all circumstances whatsoever,
including without limitation, the following circumstances:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Any lack of validity or enforceability of any portion of any letter of credit, this
Agreement, or any agreement or instrument relating thereto;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Any amendment or waiver of or any consent to or actual departure from any letter of
credit, this Agreement, or any agreement or instrument relating thereto;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Any exchange, release, or nonperfection of any collateral;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Any delay, extension of time, renewal, compromise, or other indulgence or modification
granted to or agreed by the Bank, with or without notice to or approval by the Borrower in respect
of any of the Borrower&#146;s indebtedness to the Bank under this Agreement; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;The failure of the Bank to give any notice to the Borrower hereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.11 </B><U><B>Successors and Assigns.</B></U> This Agreement shall be binding upon and inure to the
benefit of the Bank and the Borrower, and, to the extent permitted herein, their respective
successors, assignees, or transferees. In the event of such transfer or assignment, the rights and
privileges herein conferred upon the Bank shall automatically extend to and be vested in the
successor, assignee, or transferee of the Bank, and the Bank shall be relieved of all liability
hereunder. The Borrower may not assign or transfer any of its rights or obligations under this
Agreement without the prior written consent of the Bank.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.12 </B><U><B>Counterparts; Effective Date.</B></U> This Agreement may be signed in any number of
separate counterparts, no one of which need contain all of the signatures of the parties, and as
many of such counterparts as shall together contain all of the signatures of the parties shall be
deemed to constitute one and the same instrument. A set of the counterparts of this Agreement
signed by all parties hereto shall be lodged with the Bank. This Agreement shall become effective
upon the receipt by the Bank of signed counterparts of this Agreement from each of the parties
hereto or telecopy confirmation of the signing of counterparts of this Agreement by each of the
parties hereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.13 </B><U><B>Participations.</B></U> The Borrower recognizes that the Bank may enter into
participation agreements with other financial institutions, including one or more banks or other
lenders, whereby Bank will allocate a portion of the loan or loans contemplated hereunder. For the
benefit of such other banks and lenders, the Borrower agrees that such other banks and lenders
shall have the same rights of set-off against the Borrower granted the Bank in Section&nbsp;11.7 hereof.
The Bank will use its best efforts to advise the Borrower of the names of any participants and the
extent of their interest herein.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->47<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.14 </B><U><B>Law of Michigan.</B></U> This Agreement and the Revolving Credit Note have been
delivered at Detroit, Michigan, and shall be governed by and construed and enforced in accordance
with the laws of the State of Michigan, except to the extent that the Uniform Commercial Code,
other personal property law or real property law of a jurisdiction where Collateral is located is
applicable and except as and to the extent expressed to the contrary in any of the Loan Documents.
Whenever possible each provision of this Agreement shall be interpreted in such manner as to be
effective and valid under applicable law, but if any provision of this Agreement shall be
prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of
such prohibition or invalidity, without invalidating the remainder of such provision or the
remaining provisions of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.15 </B><U><B>Consent to Jurisdiction.</B></U> Borrower and Bank hereby irrevocably submit to the
non-exclusive jurisdiction of any United States Federal or Michigan state court sitting in Detroit
in any action or proceeding arising out of or relating to this Agreement or any of the other Loan
Documents, and Borrower and Bank hereby irrevocably agree that all claims in respect of such action
or proceeding may be heard and determined in any such United States Federal or Michigan state
court. Borrower irrevocably consents to the service of any and all process in any such action or
proceeding brought in any court in or of the State of Michigan by the delivery of copies of such
process to Borrower at its address specified on the signature page hereto or by certified mail
directed to such address or such other address as may be designated by Borrower in a notice to the
other parties that complies as to delivery with the terms of Section&nbsp;11.4. Nothing in this Section
shall affect the right of the Bank to serve process in any other manner permitted by law or limit
the right of Bank to bring any such action or proceeding against Borrower or any Restricted
Subsidiary or any of its or their property in the courts of any other jurisdiction. Borrower
hereby irrevocably waives any objection to the laying of venue of any such suit or proceeding in
the above described courts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.16 </B><U><B>Title and Headings; Table of Contents.</B></U> The titles and headings preceding the
text of Sections and Sections of this Agreement and the Table of Contents have been included solely
for convenience of reference and shall neither constitute a part of this Agreement nor affect its
meaning, interpretation, or effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.17 </B><U><B>Complete Agreement; No Other Consideration.</B></U> The Loan Documents contain the
final, complete, and exclusive expression of the understanding of the Borrower and the Bank with
respect to the transactions contemplated by the Loan Documents and supersede any prior or
contemporaneous agreement or representation, oral or written, by or between the parties related to
the subject matter hereof. Without limiting the generality of the foregoing, there does not exist
any consideration or inducement other than as stated herein for the execution, delivery and
performance by the Borrower of the Loan Documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.18 </B><U><B>Legal or Governmental Limitations.</B></U> Anything contained in this Agreement to the
contrary notwithstanding, the Bank shall not be obligated to extend credit or make loans to the
Borrower in an amount in violation of any limitations or prohibitions provided by any applicable
statute or regulation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.19 </B><U><B>Interest.</B></U> If the obligation of Borrower to pay interest on the principal
balance of the Revolving Credit Notes is or becomes in excess of the maximum interest rate which
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->48<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Borrower is permitted by law to contract or agree to pay, giving due consideration to the execution
date of this Agreement, then, in that event, the rate of interest applicable with respect to such
Bank&#146;s Percentage shall be deemed to be immediately reduced to such maximum rate and all previous
payments in excess of the maximum rate shall be deemed to have been payments in reduction of
principal and not of interest.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.20 </B><U><B>Independence of Covenants.</B></U> Each covenant hereunder shall be given independent
effect (subject to any exceptions stated in such covenant) so that if a particular action or
condition is not permitted by any such covenant (taking into account any such stated exception),
the fact that it would be permitted by an exception to, or would be otherwise within the
limitations of, another covenant shall not avoid the occurrence of a Default or an Event of
Default.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.21 </B><U><B>Amendment and Restatement</B></U>. This Agreement amends, restates and replaces the
Existing Credit Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.22 </B><U><B>WAIVER OF TRIAL BY JURY.</B></U>
THE BORROWER AND THE BANK HEREBY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVE THE RIGHT
THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF,
UNDER, OR IN CONNECTION WITH THE LOAN DOCUMENTS AND ANY OTHER DOCUMENT EXECUTED IN CONJUNCTION WITH
THE LOAN OR LOANS HEREUNDER, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENT (WHETHER ORAL
OR WRITTEN), OR ACTION OF EITHER PARTY. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE BANK TO
ENTER INTO ANY LOAN TRANSACTIONS HEREUNDER.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->49<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered by their proper and duly authorized officers as of the day and year first above written.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">BORROWER:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>NEWBEVCO, INC.</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 10pt">
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Its:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">BANK:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>COMERICA BANK</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 10pt">
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Its:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->50<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT &#147;A&#148;</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>REVOLVING CREDIT NOTE</B></U>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">$50,000,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">June&nbsp;30, 2008</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On the Termination Date, FOR VALUE RECEIVED, NEWBEVCO, INC., a Delaware corporation
(&#147;Borrower&#148;), promises to pay to the order of Comerica Bank (&#147;Bank&#148;), in lawful money of the United
States of America, the sum of Fifty Million Dollars ($50,000,000), or so much of said sum as may
from time to time have been advanced and then be outstanding hereunder pursuant to the Second
Amended and Restated Credit Agreement dated as June&nbsp;30, 2008, made by and between the Borrower and
Bank, as the same may be amended from time to time (the &#147;Agreement&#148;), together with interest
thereon as hereinafter set forth.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the Advances made hereunder shall bear interest at the Applicable Interest Rate from
time to time applicable thereto under the Agreement or as otherwise determined thereunder, and
interest shall be computed, assessed and payable as set forth in the Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Note is a note under which Advances (including refundings and conversions), repayments
and readvances may be made from time to time, but only in accordance with the terms and conditions
of the Agreement. This Note evidences borrowings under, is subject to, is secured in accordance
with, and may be accelerated or matured under, the terms of the Agreement, to which reference is
hereby made. Definitions and terms of the Agreement are hereby incorporated by reference herein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrower waives presentment for payment, demand, protest and notice of dishonor and nonpayment
of this Note and agrees that no obligation hereunder shall be discharged by reason of any
extension, indulgence, release, or forbearance granted by any holder of this Note to any party now
or hereafter liable hereon or any present or subsequent owner of any property, real or personal,
which is now or hereafter security for this Note.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Note amends, restates, supersedes, replaces and increases that certain Revolving Credit
Note dated as of December&nbsp;10, 1998, made in the principal amount of $20,000,000 by Borrower payable
to Bank (&#147;Existing Note&#148;) and the initial Advance under this Note shall be deemed first applied, to
the extent necessary, to repay the existing indebtedness of Borrower to Bank under the Existing
Note; provided, however, the execution and delivery by Borrower of this Note shall not, in any
manner or circumstance, be deemed to be a novation of or to have terminated, extinguished or
discharged any of Borrower&#146;s indebtedness evidenced by the Existing Note, all of which indebtedness
shall continue under and shall hereinafter be evidenced and governed by this Note.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nothing herein shall limit any right granted Bank by any other instrument or by law.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>NEWBEVCO, INC.</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Its:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SCHEDULE 10.7<BR>
<U><B>PRICING GRID</B></U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>BASIS FOR PRICING</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>LEVEL I</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>LEVEL II</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>LEVEL III</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>LEVEL IV</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>LEVEL V</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>CONSOLIDATED FUNDED DEBT <BR>
TO EBITDA RATIO</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="center" valign="top">&#060; 0.75 to 1.0
</TD>
    <TD>&nbsp;</TD>

<TD nowrap colspan="3" align="center" valign="top"><u>&#062;</u>0.75
to 1.0<br> and<br>
&#060; 1.5 to 1.0
</TD>
    <TD>&nbsp;</TD>

<TD nowrap colspan="3" align="center" valign="top"><u>&#062;</u>1.5
to 1.0<br> and<br>
&#060; 2.0 to 1.0
</TD>
    <TD>&nbsp;</TD>

<TD nowrap colspan="3" align="center" valign="top"><u>&#062;</u>2.0
to 1.0 &#060;<br> and<br>
&#060; 2.5 to 1.0
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="center" valign="top"><u>&#062;</u> 2.5 to 1.0
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>APPLICABLE FACILITY FEE <BR>
PERCENTAGE<BR>
(expressed as basis points)</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">20.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">25.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">25.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">25.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>APPLICABLE LETTER OF <BR>
CREDIT PERCENTAGE<BR>
(expressed as basis points)</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">30.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">45.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">50.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">75.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">100.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>APPLICABLE PRIME-BASED <BR>
RATE MARGIN<BR>
(expressed as basis points)</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="center" valign="top"><FONT style="white-space: nowrap">-50.00</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top" nowrap>-25.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">50.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>APPLICABLE EUROCURRENCY
&#151;BASED RATE MARGIN<BR>

(expressed as basis points)</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">30.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">45.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">50.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">75.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">100.00</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>3
<FILENAME>g15058exv31w1.htm
<DESCRIPTION>EX-31.1 SECTION 302 CEO CERTIFICATION
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-31.1 Section 302 CEO Certification</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 31.1</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CERTIFICATION</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I, Nick A. Caporella, certify that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>I have reviewed this quarterly report on Form 10-Q of National Beverage Corp.;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Based on my knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period
covered by this report;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Based on my knowledge, the financial statements, and other financial information included in
this report, fairly present in all material respects the financial condition, results of
operations and cash flows of the registrant as of, and for, the periods presented in this
report;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The registrant&#146;s other certifying officer and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Exchange Act Rules&nbsp;13a-15(e) and
15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)) for the registrant and have:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Designed such disclosure controls and procedures, or caused such disclosure controls
and procedures to be designed under our supervision, to ensure that material information
relating to the registrant, including its consolidated subsidiaries, is made known to us by
others within those entities, particularly during the period in which this report is being
prepared;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Designed such internal control over financial reporting, or caused such internal
control over financial reporting to be designed under our supervision, to provide
reasonable assurance regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with generally accepted
accounting principles;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the disclosures
controls and procedures, as of the end of the period covered by this report based on such
evaluation; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Disclosed in this report any change in the registrant&#146;s internal control over financial
reporting that occurred during the registrant&#146;s most recent fiscal quarter (the
registrant&#146;s fourth fiscal quarter in the case of an annual report) that has materially
affected, or is reasonably likely to materially affect, the registrant&#146;s internal control
over financial reporting; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The registrant&#146;s other certifying officer and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to the registrant&#146;s auditors and the
audit committee of registrant&#146;s board of directors (or persons performing the equivalent
function):</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to adversely affect
the registrant&#146;s ability to record, process, summarize and report financial information;
and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any fraud, whether or not material, that involves management or other employees who
have a significant role in the registrant&#146;s internal control over financial reporting.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: September&nbsp;11, 2008
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="60%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Nick A. Caporella</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Nick A. Caporella
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Chairman of the Board and <BR>

Chief Executive Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>4
<FILENAME>g15058exv31w2.htm
<DESCRIPTION>EX-31.2 SECTION 302 PFO CERTIFICATION
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-31.2 Section 302 PFO Certification</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 31.2</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CERTIFICATION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I, George R. Bracken, certify that:

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>I have reviewed this quarterly report on Form 10-Q of National Beverage Corp.;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Based on my knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period
covered by this report;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Based on my knowledge, the financial statements, and other financial information included in
this report, fairly present in all material respects the financial condition, results of
operations and cash flows of the registrant as of, and for, the periods presented in this
report;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The registrant&#146;s other certifying officer and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Exchange Act Rules&nbsp;13a-15(e) and
15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)) for the registrant and have:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Designed such disclosure controls and procedures, or caused such disclosure controls
and procedures to be designed under our supervision, to ensure that material information
relating to the registrant, including its consolidated subsidiaries, is made known to us by
others within those entities, particularly during the period in which this report is being
prepared;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Designed such internal control over financial reporting, or caused such internal
control over financial reporting to be designed under our supervision, to provide
reasonable assurance regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with generally accepted
accounting principles;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the disclosures
controls and procedures, as of the end of the period covered by this report based on such
evaluation; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Disclosed in this report any change in the registrant&#146;s internal control over financial
reporting that occurred during the registrant&#146;s most recent fiscal quarter (the
registrant&#146;s fourth fiscal quarter in the case of an annual report) that has materially
affected, or is reasonably likely to materially affect, the registrant&#146;s internal control
over financial reporting; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The registrant&#146;s other certifying officer and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to the registrant&#146;s auditors and the
audit committee of registrant&#146;s board of directors (or persons performing the equivalent
function):</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to adversely affect
the registrant&#146;s ability to record, process, summarize and report financial information;
and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any fraud, whether or not material, that involves management or other employees who
have a significant role in the registrant&#146;s internal control over financial reporting.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: September&nbsp;11, 2008
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="60%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ George R. Bracken
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
George R. Bracken
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Senior Vice President &#151; Finance<BR>

(Principal Financial Officer)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>5
<FILENAME>g15058exv32w1.htm
<DESCRIPTION>EX-32.1 SECTION 906 CEO CERTIFICATION
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-32.1 Section 906 CEO Certification</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 6pt"><B>EXHIBIT 32.1 </B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CERTIFICATION PURSUANT TO<BR>
18 U.S.C. SECTION 1350<BR>
AS ADOPTED PURSUANT TO<BR>
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In connection with the Quarterly Report of National Beverage Corp. (the &#147;Company&#148;) on Form 10-Q
for the period ended August&nbsp;2, 2008 as filed with the Securities and Exchange Commission on the
date hereof (the &#147;Report&#148;), I, Nick A. Caporella, Chairman of the Board and Chief Executive Officer
of the Company, certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of
the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(1)&nbsp;The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities
Exchange Act of 1934; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(2)&nbsp;The information contained in the Report fairly presents, in all material respects, the
financial condition and results of operations of the Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: September&nbsp;11, 2008
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="60%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Nick A. Caporella
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Nick A. Caporella <BR>

Chairman of the Board and <BR>

Chief Executive Officer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The foregoing certification is being furnished solely pursuant to 18 U.S.C. Section&nbsp;1350 and is not
being filed as part of the Report or as a separate disclosure document.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.2
<SEQUENCE>6
<FILENAME>g15058exv32w2.htm
<DESCRIPTION>EX-32.2 SECTION 906 PFO CERTIFICATION
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-32.2 Section 906 PFO Certification</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 32.2</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CERTIFICATION PURSUANT TO<BR>
18 U.S.C. SECTION 1350<BR>
AS ADOPTED PURSUANT TO<BR>
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In connection with the Quarterly Report of National Beverage Corp. (the &#147;Company&#148;) on Form 10-Q
for the period ended August&nbsp;2, 2008 as filed with the Securities and Exchange Commission on the
date hereof (the &#147;Report&#148;), I, George R. Bracken, Senior Vice President &#151; Finance of the Company,
certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the
Sarbanes-Oxley Act of 2002, that to the best of my knowledge:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(1)&nbsp;The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities
Exchange Act of 1934; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(2)&nbsp;The information contained in the Report fairly presents, in all material respects, the
financial condition and result of operations of the Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: September&nbsp;11, 2008
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap colspan="2" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ George R. Bracken
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
George R. Bracken <BR>

Senior Vice President &#151; Finance<BR>

(Principal Financial Officer)
</DIV></TD>

    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The foregoing certification is being furnished solely pursuant to 18 U.S.C. Section&nbsp;1350 and is not
being filed as part of the Report or as a separate disclosure document.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
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<TYPE>GRAPHIC
<SEQUENCE>7
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
