Common use of Minimum Book Net Worth Clause in Contracts

Minimum Book Net Worth. The Borrower will maintain, during each period described below, its Book Net Worth, determined as at the end of each month, and calculated without regard to any additional equity infusion received by Borrower, at an amount not less than the amount set forth opposite such period (numbers appearing between “( )” are negative): Period Minimum Book Net Worth May 31, 2002 ($12,803,000) June 30, 2002 ($12,363,000) July 31, 2002 $3,380,000 August 31, 2002 $2,873,000 September 30, 2002 $3,576,000 October 31, 2002 $3,081,000 November 30, 2002 $2,583,000 December 31, 2002 and each $3,641,000” month thereafter 4. Section 7.10. Section 7.10 of the Credit Agreement is amended and restated in its entirety to read as follows:

Minimum Book Net Worth. The Borrower will maintain, during each period described below, its Book Net Worth, determined as at the end of each month, and calculated without regard to any additional equity infusion received by Borrower, at an amount not less than the amount set forth opposite such period (numbers appearing between “( )” are negative): period: Period Minimum Book Net Worth February 28, 2003 $2,323,000 March 31, 2003 $3,034,000 April 30, 2003 $2,578,000 May 31, 2002 (2003 $12,803,000) 2,238,000 June 30, 2002 (2003 $12,363,000) 3,144,000 July 31, 2002 2003 $3,380,000 2,680,000 August 31, 2002 2003 $2,873,000 2,328,000 September 30, 2002 2003 $3,576,000 3,319,000 October 31, 2002 2003 $3,081,000 2,873,000 November 30, 2002 2003 $2,583,000 2,540,000 December 31, 2002 2003 and each $3,641,000” month thereafter3,609,000 " 47. Section 7.106.14. Section 7.10 6.14 of the Credit Agreement is amended and restated in its entirety to read as follows:

Minimum Book Net Worth. The Borrower will maintain, during each period described below, maintain its Book Net Worth, when determined as at of the end of each month, and calculated without regard to any additional equity infusion received by Borrowerdates set forth below, at an amount not less than the amount set forth opposite such period March 31, 2003 $ (numbers appearing between “( )” are negative): Period Minimum Book Net Worth 2,547,000 ) April 30, 2003 $ (2,661,000 ) May 31, 2002 2003 $ ($12,803,0002,705,000 ) June 30, 2002 2003 $ ($12,363,0002,709,000 ) July 31, 2002 $3,380,000 2003 $ (2,828,000 ) August 31, 2002 $2,873,000 2003 $ (2,917,000 ) September 30, 2002 $3,576,000 2003 $ (2,970,000 ) October 31, 2002 $3,081,000 2003 $ (3,024,000 ) November 30, 2002 $2,583,000 2003 $ (3,168,000 ) December 31, 2002 2003 and the last day of each $3,641,000” month thereafterthereafter $ (2,892,000 ) 4. (d) Section 7.10. Section 7.10 6.13 of the Credit Agreement is hereby amended and restated to read in its entirety to read as follows:

Minimum Book Net Worth. The Borrower will maintain, during each period described below, its Book Net Worth, determined as at the end of each month, and calculated (a) without regard to any additional equity infusion received by BorrowerGuarantor in excess of $1,200,000 in fiscal year 2001 and (b) net of any noncash adjustments related to the 3Si, Inc. stock of not more than $654,419, at an amount not less than the amount set forth opposite such period (numbers appearing between “( )” are negative): Period Minimum Book Net Worth May 31, 2002 (2001 $12,803,000) 3,279,000 June 30, 2002 (2001 $12,363,000) 3,169,000 July 31, 2002 2001 $3,380,000 2,973,000 August 31, 2002 2001 $2,873,000 2,922,000 September 30, 2002 2001 $3,576,000 2,889,000 October 31, 2002 2001 $3,081,000 2,748,000 November 30, 2002 2001 $2,583,000 2,799,000 December 31, 2002 2001 and each $3,641,000” 2,736,000 month thereafter 4. Section 7.10. Section 7.10 of the Credit Agreement is amended and restated in its entirety to read as follows:

Minimum Book Net Worth. The Borrower Borrowers will maintain, during each period month described below, its their Book Net Worth, determined as at the end of each month, and calculated without regard to any additional equity infusion received by Borrower, at an amount not less than the amount set forth opposite such period month: June 2004 $ 4,700,000 July 2004 $ 4,700,000 August 2004 $ 4,950,000 September 2004 $ 5,100,000 October 2004 $ 5,350,000 November 2004 $ 5,500,000 December 2004 $ 5,500,000 January 2005 $ 5,650,000 February 2005 $ 5,900,000 March 2005 $ 6,150,000 April 2005 $ 6,400,000 May 2005 $ 6,650,000 June 2005 and every month thereafter $ 6,750,000” (numbers appearing between “( )” are negative): Period Minimum Book Net Worth May 31, 2002 ($12,803,000l) June 30, 2002 ($12,363,000Section 6.2(c) July 31, 2002 $3,380,000 August 31, 2002 $2,873,000 September 30, 2002 $3,576,000 October 31, 2002 $3,081,000 November 30, 2002 $2,583,000 December 31, 2002 and each $3,641,000” month thereafter 4. Section 7.10. Section 7.10 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: