Section # Federal Reserve Regulations 114122

SECTION # Federal Reserve Regulations 7061

Section # Federal Reserve Regulations 99107

SECTION # Federal Reserve Board Regulations. 14

Reserve. Borrower Agent has informed Lender that Borrower Agent has entered into a letter of intent to sell its ​ - Winchester business unit (the "Winchester Business Unit") for approximately ​ (the "Winchester Sale"). As of ​, the Eligible Inventory and Eligible Accounts of the Winchester Business Unit contributed approximately ​ of borrowing capacity under the Borrowing Base. In order to anticipate the proposed sale of the Winchester Business Unit, Borrowers acknowledge that upon the date on which the sale of the Purchased Assets referred to in 3(a) above is consummated, Lender shall implement an Availability Reserve in an amount sufficient to reduce the borrowing capacity under the Borrowing Base based on Eligible Accounts and Eligible Inventory of the Winchester Business Unit to ​. Upon the consummation of the Winchester Sale, such Availability Reserve shall be reduced to ​.

“Regulations A, D, U and X” means, respectively, Regulations A, D, U and X of the Federal Reserve Board (or any successor).

“Margin Regulations” means, collectively, Regulations T, U and X, as from time to time in effect, and any regulation replacing the same, of the Board of Governors of the Federal Reserve System, or any successor thereto.

SECTION # Federal Reserve Regulations. No part of the proceeds of any Loan have been used or will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

“Relevant Governmental Body” means the Federal Reserve Board or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York.

Federal Income Taxes. Ford shall pay to the Internal Revenue Service all Federal Income Taxes, if any, of the Consolidated Group due and payable for all taxable periods.