25,000,000 REVOLVING CREDIT FACILITY $10,000,000 TERM LOAN CREDIT AGREEMENT by and among THE O’GARA GROUP, INC. and THE LENDERS PARTY HERETO and PNC BANK, NATIONAL ASSOCIATION, As Administrative Agent Dated as of January 16, 2009Credit Agreement • January 30th, 2009 • O'Gara Group, Inc. • Optical instruments & lenses • New York
THIS CREDIT AGREEMENT (as hereafter amended, the “Agreement”) is dated as of January 16, 2009 and is made by and among The O’Gara Group, Inc., an Ohio corporation (the “Borrower”), each of the GUARANTORS (as hereinafter defined), the LENDERS (as hereinafter defined), and PNC BANK, NATIONAL ASSOCIATION, in its capacity as administrative agent for the Lenders under this Agreement (hereinafter referred to in such capacity as the “Administrative Agent”).
The O’Gara Group Inc. 7570 East Kemper Road Suite 460 Cincinnati, Ohio 45249 Attention: Wilfred T. O’Gara Dear Bill:O'Gara Group, Inc. • January 30th, 2009 • Optical instruments & lenses • Ohio
This letter sets forth the agreement (which is binding) of The O’Gara Group, Inc. (the “Company”) and the Walnut/Hauser Parties (as defined below) with respect to the payment in calendar year 2010 to the Walnut/Hauser Parties of a sum of up to $750,000.00 for financial advisory services calculated as set forth on Exhibit A attached hereto and incorporated herein (the “Schedule”). As used in this letter, “Walnut/Hauser Parties” means, collectively, Walnut Investment Partners, L. P., Walnut Private Equity Fund, L.P., Walnut Holdings O’Gara, LLC, Hauser 43, LLC, Mark J. Hauser and Margie Hauser.
