Common use of Minimum EBITDA Clause in Contracts

Minimum EBITDA. EBITDA, measured on a fiscal month-end basis, for each period set forth below, of not less than the required amount set forth in the column labeled "Minimum EBITDA" in the following table for the applicable period set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 month period ending January 31, 2005 ($1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending February 28, 2005 ($2,236,000) ------------------------------------------------------------------------ ------------------------------- 3 month period ending March 31, 2005 ($3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 ($3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 month period ending June 30, 2005 ($2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 31, 2005 ($2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 month period ending September 30, 2005 ($1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending October 31, 2005 ($5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending December 31, 2005 $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending January 31, 2006 and the 12 month period ending $5,000,000 on the last day of each month thereafter ------------------------------------------------------------------------ -------------------------------

Minimum EBITDA. EBITDABorrower shall not permit EBITDA (which calculation shall include for the months ended 8/31/04 through 12/31/04 any payment made by MedCap Partners L.P. pursuant to the terms of Makewell Agreement), measured on a fiscal month-end basisCrdentia Proper Consolidated Basis, to be less than the amount set forth below for each the corresponding period set forth belowbelow (See attached Schedule C for calculation): ---------------------------- -------------------------- --------------------------- ------------------------- Time Frame Date Tested Minimum EBITDA Based on ---------------------------- -------------------------- --------------------------- ------------------------- Monthly 8/31/04 $(151,662) Monthly ---------------------------- -------------------------- --------------------------- ------------------------- Monthly 9/30/04 $(83,271) Monthly ---------------------------- -------------------------- --------------------------- ------------------------- Monthly 10/31/04 $(28,059) Monthly ---------------------------- -------------------------- --------------------------- ------------------------- Monthly 11/30/04 $1,875 Monthly ---------------------------- -------------------------- --------------------------- ------------------------- Monthly 12/31/04 $39,212 Monthly ---------------------------- -------------------------- --------------------------- ------------------------- Quarterly 3/31/05 $82,501 Trailing 3 months ---------------------------- -------------------------- --------------------------- ------------------------- Quarterly 6/30/05 $99,393 Trailing 6 months ---------------------------- -------------------------- --------------------------- ------------------------- Quarterly 9/30/05 $158,708 Trailing months ---------------------------- -------------------------- --------------------------- ------------------------- Quarterly 12/31/05 $219,897 Trailing 12 months ---------------------------- -------------------------- --------------------------- ------------------------- Notwithstanding the foregoing, to the extent the Crdentia Proper Borrowers maintain a Senior Debt Service Coverage Ratio of not less than 1.50 to 1.00 or greater as determined at the required amount end of any measuring period as set forth in Section 4(b) above, the column labeled "Minimum EBITDA" in the following table for the applicable period Crdentia Proper Borrowers shall not be required to maintain minimum EBITDA as set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 in this Section for such corresponding month period ending January 31, 2005 ($1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending February 28, 2005 ($2,236,000) ------------------------------------------------------------------------ ------------------------------- 3 month period ending March 31, 2005 ($3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 ($3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 month period ending June 30, 2005 ($2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 31, 2005 ($2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 month period ending September 30, 2005 ($1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending October 31, 2005 ($5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending December 31, 2005 $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending January 31, 2006 and during the 12 month period ending $5,000,000 on the last day continuance of each month thereafter ------------------------------------------------------------------------ -------------------------------such compliance.

Minimum EBITDA. EBITDA, measured on a fiscal month-end basis, for each period set forth below, of not less than the required amount set forth in the column labeled "Minimum EBITDA" in the following table basis for the applicable period set forth below of at least the applicable amount set forth below opposite theretosuch period: ------------------------------------------------------------------------ ------------------------------- Minimum -------------------------------------------------------------------------------- Applicable Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 Applicable Amount -------------------------------------------------------------------------------- For the three months ended 10/31/03 $ 5,700,000 ----------------------------------------------------------------------------- For the four months ended 11/30/03 $ 6,725,000 ----------------------------------------------------------------------------- For the five months ended 12/31/03 $ 7,450,000 ----------------------------------------------------------------------------- For the six months ended 1/31/04 $ 9,720,000 ----------------------------------------------------------------------------- For the seven months ended 2/28/04 $10,860,000 ----------------------------------------------------------------------------- For the eight months ended 3/31/04 $12,000,000 ----------------------------------------------------------------------------- For the nine months ended 4/30/04 $14,055,000 ----------------------------------------------------------------------------- For the ten months ended 5/31/04 $16,585,000 ----------------------------------------------------------------------------- For the eleven months ended 6/30/04 $17,120,000 ----------------------------------------------------------------------------- For the twelve months ended 7/31/04 $19,625,000 ----------------------------------------------------------------------------- For the twelve months ended 8/31/04 $20,130,000 ----------------------------------------------------------------------------- For the twelve months ended 9/30/04 $20,635,000 ----------------------------------------------------------------------------- For the twelve months ended 10/31/04 $20,410,000 ----------------------------------------------------------------------------- For the twelve months ended 11/30/04 $21,165,000 ----------------------------------------------------------------------------- For the twelve months ended 12/31/04 $22,215,000 ----------------------------------------------------------------------------- For the twelve months ended 1/31/05 $22,495,000 ----------------------------------------------------------------------------- For the twelve months ended 2/28/05 $22,835,000 ----------------------------------------------------------------------------- For the twelve months ended 3/31/05 and $23,000,000 for each twelve month period ending January 31, 2005 ($1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending February 28, 2005 ($2,236,000) ------------------------------------------------------------------------ ------------------------------- 3 month period ending March 31, 2005 ($3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 ($3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 month period ending June 30, 2005 ($2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 31, 2005 ($2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 month period ending September 30, 2005 ($1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending October 31, 2005 ($5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending December 31, 2005 $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending January 31, 2006 and the 12 month period ending $5,000,000 on the last day of each month thereafter ------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------

Minimum EBITDA. EBITDA, measured on a fiscal month-end basis, for each period set forth below, of not less than the required amount set forth in the column labeled "Minimum EBITDA" in the following table for the applicable period set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum Period ----------------------------------------------------------------------- MINIMUM PERIOD EBITDA ------------------------------------------------------------------------ ------------------------------- ----------------------------------------------------------------------- [6][9] month period ending September 30, 2003 ($3,166,000) ----------------------------------------------------------------------- [7][10] month period ending October 31, 2003 ($3,501,000) ----------------------------------------------------------------------- [8][11] month period ending November 30, 2003 ($3,267,000) ----------------------------------------------------------------------- [9][12] month period ending December 31, 2003 ($2,734,000) ----------------------------------------------------------------------- 1 month period ending January 31, 2005 2004 ($1,194,0001,200,000) ------------------------------------------------------------------------ ------------------------------- ----------------------------------------------------------------------- 2 month period ending February 2829, 2005 2004 ($2,236,0001,500,000) ------------------------------------------------------------------------ ------------------------------- ----------------------------------------------------------------------- 3 month period ending March 31, 2005 2004 ($3,004,0001,200,000) ------------------------------------------------------------------------ ------------------------------- ----------------------------------------------------------------------- 4 month period ending April 30, 2005 2004 ($3,359,0001,200,000) ------------------------------------------------------------------------ ------------------------------- ----------------------------------------------------------------------- 5 month period ending May 31, 2005 2004 ($3,434,000900,000) ------------------------------------------------------------------------ ------------------------------- ----------------------------------------------------------------------- 6 month period ending June 30, 2005 2004 ($2,953,000500,000) ------------------------------------------------------------------------ ------------------------------- ----------------------------------------------------------------------- 7 month period ending July 31, 2005 (2004 $2,333,000) ------------------------------------------------------------------------ ------------------------------- 0 ----------------------------------------------------------------------- 8 month period ending August 31, 2005 (2004 $1,648,000) ------------------------------------------------------------------------ ------------------------------- 900,000 ----------------------------------------------------------------------- 9 month period ending September 30, 2005 (2004 $1,004,000) ------------------------------------------------------------------------ ------------------------------- 1,700,000 ----------------------------------------------------------------------- 10 month period ending October 31, 2005 (2004 $5,000) ------------------------------------------------------------------------ ------------------------------- 2,200,000 ----------------------------------------------------------------------- 11 month period ending November 30, 2005 2004 $458,000 ------------------------------------------------------------------------ ------------------------------- 3,000,000 ----------------------------------------------------------------------- 12 month period ending December 31, 2005 2004 $812,000 ------------------------------------------------------------------------ ------------------------------- 3,500,000 ----------------------------------------------------------------------- 12 month period ending January 31, 2006 2005 and The Minimum EBITDA for the the 12 month period ending $5,000,000 on the last day immediately preceding test of each month thereafter ------------------------------------------------------------------------ -------------------------------date plus $750,000 " --------------------------------------------------------------------------------

Minimum EBITDA. EBITDABorrower shall not permit EBITDA (which calculation shall include for the months ended 8/31/04 through 12/31/04 any payment made by MedCap Partners L.P. pursuant to the terms of Makewell Agreement), measured on a fiscal month-end basisCrdentia Proper Consolidated Basis, to be less than the amount set forth below for each the corresponding period set forth belowbelow (See attached SCHEDULE C for calculation): ---------------------------- -------------------------- --------------------------- ------------------------- TIME FRAME DATE TESTED MINIMUM EBITDA BASED ON ---------------------------- -------------------------- --------------------------- ------------------------- Monthly 8/31/04 $(151,662) Monthly ---------------------------- -------------------------- --------------------------- ------------------------- Monthly 9/30/04 $(83,271) Monthly ---------------------------- -------------------------- --------------------------- ------------------------- Monthly 10/31/04 $(28,059) Monthly ---------------------------- -------------------------- --------------------------- ------------------------- Monthly 11/30/04 $1,875 Monthly ---------------------------- -------------------------- --------------------------- ------------------------- Monthly 12/31/04 $39,212 Monthly ---------------------------- -------------------------- --------------------------- ------------------------- Quarterly 3/31/05 $82,501 Trailing 3 months ---------------------------- -------------------------- --------------------------- ------------------------- Quarterly 6/30/05 $99,393 Trailing 6 months ---------------------------- -------------------------- --------------------------- ------------------------- Quarterly 9/30/05 $158,708 Trailing months ---------------------------- -------------------------- --------------------------- ------------------------- Quarterly 12/31/05 $219,897 Trailing 12 months ---------------------------- -------------------------- --------------------------- ------------------------- Notwithstanding the foregoing, to the extent the Crdentia Proper Borrowers maintain a Senior Debt Service Coverage Ratio of not less than 1.50 to 1.00 or greater as determined at the required amount end of any measuring period as set forth in Section 4(b) above, the column labeled "Minimum EBITDA" in the following table for the applicable period Crdentia Proper Borrowers shall not be required to maintain minimum EBITDA as set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 in this Section for such corresponding month period ending January 31, 2005 ($1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending February 28, 2005 ($2,236,000) ------------------------------------------------------------------------ ------------------------------- 3 month period ending March 31, 2005 ($3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 ($3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 month period ending June 30, 2005 ($2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 31, 2005 ($2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 month period ending September 30, 2005 ($1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending October 31, 2005 ($5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending December 31, 2005 $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending January 31, 2006 and during the 12 month period ending $5,000,000 on the last day continuance of each month thereafter ------------------------------------------------------------------------ -------------------------------such compliance.

Minimum EBITDA. EBITDA, measured on a fiscal month-end basis, for each period set forth below, of not less than at least the required amount set forth in the column labeled "Minimum EBITDA" in the following table for the applicable period set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum Applicable Amount Applicable Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 month period ending January 31, 2005 (--------------------------------------------------------------------------- $1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending February 28, 2005 ($2,236,000) ------------------------------------------------------------------------ ------------------------------- 13,900,000 For the 3 month period ending March 31, 2005 (2004 --------------------------------------------------------------------------- $3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 ($3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 26,400,000 For the 6 month period ending June 30, 2005 (2004 --------------------------------------------------------------------------- $2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 31, 2005 ($2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 39,600,000 For the 9 month period ending September 30, 2005 (2004 --------------------------------------------------------------------------- $1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 51,000,000 For the 12 month period ending October December 31, 2004 --------------------------------------------------------------------------- $52,000,000 For the 12 month period ending March 31, 2005 (--------------------------------------------------------------------------- $5,000) ------------------------------------------------------------------------ ------------------------------- 11 53,000,000 For the 12 month period ending November June 30, 2005 --------------------------------------------------------------------------- $458,000 ------------------------------------------------------------------------ ------------------------------- 54,000,000 For the 12 month period ending September 30, 2005 --------------------------------------------------------------------------- $55,000,000 For the 12 month period ending December 31, 2005 --------------------------------------------------------------------------- $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending January 31, 2006 and 56,000,000 For the 12 month period ending March 31, 2006 --------------------------------------------------------------------------- --------------------------------------------------------------------------- $5,000,000 on 56,000,000 For the last day of each 12 month thereafter ------------------------------------------------------------------------ -------------------------------period ending June 30, 2006 --------------------------------------------------------------------------- $57,000,000 For the 12 month period ending September 30, 2006 --------------------------------------------------------------------------- $57,000,000 For the 12 month period ending December 31, 2006 --------------------------------------------------------------------------- $58,000,000 For the 12 month period ending March 31, 2007 --------------------------------------------------------------------------- $58,000,000 For the 12 month period ending June 30, 2007 --------------------------------------------------------------------------- $59,000,000 For the 12 month period ending September 30, 2007 ---------------------------------------------------------------------------

Minimum EBITDA. (A) EBITDA, measured on a fiscal month-end basisbasis for the cumulative period from January 1, for 2002 through the end of each period month set forth belowbelow and thereafter on a rolling twelve month basis, of not less than the required amount set forth in the column labeled "Minimum EBITDA" in the following table for the applicable period set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum --------------------------------------------------------------------------- Applicable Amount Applicable Period EBITDA ------------------------------------------------------------------------ ------------------------------- --------------------------------------------------------------------------- $338,000 1 month period ending January 31, 2005 (2002 --------------------------------------------------------------------------- $1,194,000) ------------------------------------------------------------------------ ------------------------------- 630,000 2 month period months ending February 28, 2005 (2002 --------------------------------------------------------------------------- $2,236,000) ------------------------------------------------------------------------ ------------------------------- 2,300,000 3 month period months ending March 31, 2005 (2002 --------------------------------------------------------------------------- $3,004,000) ------------------------------------------------------------------------ ------------------------------- 2,343,000 4 month period months ending April 30, 2005 (2002 --------------------------------------------------------------------------- $3,359,000) ------------------------------------------------------------------------ ------------------------------- 3,036,000 5 month period months ending May 31, 2005 (2002 --------------------------------------------------------------------------- $3,434,000) ------------------------------------------------------------------------ ------------------------------- 3,944,000 6 month period months ending June 30, 2005 (2002 --------------------------------------------------------------------------- $2,953,000) ------------------------------------------------------------------------ ------------------------------- 5,542,000 7 month period months ending July 31, 2005 (2002 --------------------------------------------------------------------------- $2,333,000) ------------------------------------------------------------------------ ------------------------------- 7,139,000 8 month period months ending August 31, 2005 (2002 --------------------------------------------------------------------------- $1,648,000) ------------------------------------------------------------------------ ------------------------------- 8,737,000 9 month period months ending September 30, 2005 (2002 --------------------------------------------------------------------------- $1,004,000) ------------------------------------------------------------------------ ------------------------------- 10,334,000 10 month period months ending October 31, 2005 (2002 --------------------------------------------------------------------------- $5,000) ------------------------------------------------------------------------ ------------------------------- 11,932,000 11 month period months ending November 30, 2005 2002 --------------------------------------------------------------------------- $458,000 ------------------------------------------------------------------------ ------------------------------- 13,529,000 12 month period months ending December 31, 2005 $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending January 312002 --------------------------------------------------------------------------- , 2006 provided that, upon receipt of the Projections for the 2003 and 2004 calendar -------- years required to be delivered to Agent pursuant to Section 6.3(d), Parent and -------------- Agent shall negotiate in good faith to determine the minimum EBITDA for the 12 month period ending $5,000,000 each calendar month in the 2003 and 2004 calendar years and, in the event Parent and Agent are unable to agree upon such amounts on the last day or before January 15 of each such year, the minimum EBITDA for the 12 month thereafter ------------------------------------------------------------------------ -------------------------------period ending each calendar month in the 2003 and 2004 calendar years shall not be less than $13,529,000.

Minimum EBITDA. EBITDA, measured on a as of the end of each fiscal month-end basisquarter of the Borrower, for each the -------------- twelve month period ending on such date, during the periods set forth below, of not less shall be greater than or equal to: -------------------------------------------------------------------------------------- ----------------- Period Amount -------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------------------------------------- ----------------- For the required amount set forth in the column labeled "Minimum EBITDA" in the following table for the applicable period set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 month period fiscal quarter ending January December 31, 2005 ($1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending February 28, 2005 ($2,236,000) ------------------------------------------------------------------------ ------------------------------- 3 month period 2001 $ 72,000,000 -------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------------------------------------- ----------------- For the fiscal quarter ending March 31, 2005 ($3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 ($3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 month period 2002 $ 65,000,000 -------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------------------------------------- ----------------- For the fiscal quarter ending June 30, 2005 ($2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 31, 2005 ($2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 month period 2002 $ 63,000,000 -------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------------------------------------- ----------------- For the fiscal quarter ending September 3029, 2005 ($1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending October 31, 2005 ($5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- 12 month period 2002 $ 58,000,000 -------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------------------------------------- ----------------- For the fiscal quarter ending December 31, 2005 $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period 2002 $ 78,000,000 -------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------------------------------------- ----------------- For the fiscal quarter ending January March 30, 2003 $ 82,000,000 -------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------------------------------------- ----------------- For the fiscal quarter ending June 29, 2003 $ 87,500,000 -------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------------------------------------- ----------------- For the fiscal quarters ending September 28, 2003 $ 92,500,000 -------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------------------------------------- ----------------- For the fiscal quarters ending December 31, 2006 2003 and April 4, 2004 $ 94,000,000 -------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------------------------------------- ----------------- For the 12 month period fiscal quarter ending $5,000,000 on July 4, 2004 $ 97,000,000 -------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------------------------------------- ----------------- For the last day of fiscal quarter ending October 3, 2004 $ 99,000,000 -------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------------------------------------- ----------------- For the fiscal quarter ending December 31, 2004 $ 103,000,000 -------------------------------------------------------------------------------------- ----------------- -------------------------------------------------------------------------------------- ----------------- For each month fiscal quarter ending in 2005 and thereafter ------------------------------------------------------------------------ -------------------------------$ 105,000,000 -------------------------------------------------------------------------------------- -----------------

Minimum EBITDA. EBITDA, measured on a fiscal monthquarter-end basis, for each period set forth below, of not less than at least the required amount set forth in the column labeled "Minimum EBITDA" in the following table for the applicable period set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum ----------------------------------------------- ----------------------------------------------------------- Applicable Amount Applicable Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 ----------------------------------------------- ----------------------------------------------------------- ----------------------------------------------- ----------------------------------------------------------- $8,000,000 For the 12 month period ending January 31June 30, 2005 (2004 ----------------------------------------------- ----------------------------------------------------------- ----------------------------------------------- ----------------------------------------------------------- $1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 6,500,000 For the 12 month period ending February 28September 30, 2005 (2004 ----------------------------------------------- ----------------------------------------------------------- ----------------------------------------------- ----------------------------------------------------------- $2,236,000) ------------------------------------------------------------------------ ------------------------------- 3 6,296,000 For the 12 month period ending December 31, 2004 ----------------------------------------------- ----------------------------------------------------------- ----------------------------------------------- ----------------------------------------------------------- $7,820,000 For the 12 month period ending March 31, 2005 (----------------------------------------------- ----------------------------------------------------------- ----------------------------------------------- ----------------------------------------------------------- $3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 ($3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 11,255,000 For the 12 month period ending June 30, 2005 (----------------------------------------------- ----------------------------------------------------------- ----------------------------------------------- ----------------------------------------------------------- $2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 31, 2005 ($2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 13,543,000 For the 12 month period ending September 30, 2005 (----------------------------------------------- ----------------------------------------------------------- ----------------------------------------------- ----------------------------------------------------------- $1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending October 31, 2005 ($5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- 13,358,000 For the 12 month period ending December 31, 2005 ----------------------------------------------- ----------------------------------------------------------- ----------------------------------------------- ----------------------------------------------------------- $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending January 31, 2006 and 13,694,000 For the 12 month period ending March 31, 2006 ----------------------------------------------- ----------------------------------------------------------- ----------------------------------------------- ----------------------------------------------------------- $5,000,000 14,029,000 For the 12 month period ending June 30, 2006 ----------------------------------------------- ----------------------------------------------------------- ----------------------------------------------- ----------------------------------------------------------- $15,342,000 For the 12 month period ending September 30, 2006 and for each 12 month period ending on the last day of each month calendar quarter thereafter ------------------------------------------------------------------------ ------------------------------------------------------------------------------ -----------------------------------------------------------

Minimum EBITDA. EBITDABorrower shall not permit EBITDA (which calculation shall include for the months ended 8/31/04 through 12/31/04 any payment made by MedCap Partners L.P. pursuant to the terms of Makewell Agreement), measured on a fiscal month-end basisCrdentia Proper Consolidated Basis, to be less than the amount set forth below for each the corresponding period set forth below: ------------------------------- ---------------------------- ---------------------------- ---------------------------- Time Frame Date Tested Minimum EBITDA Based on ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 8/31/04 $(151,662) Monthly ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 9/30/04 $(83,271) Monthly ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 10/31/04 $(28,059) Monthly ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 11/30/04 $1,875 Monthly ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 12/31/04 $39,212 Monthly ------------------------------- ---------------------------- ---------------------------- ---------------------------- Quarterly 3/31/05 $82,501 Trailing 3 months ------------------------------- ---------------------------- ---------------------------- ---------------------------- Quarterly 6/30/05 $99,393 Trailing 6 months ------------------------------- ---------------------------- ---------------------------- ---------------------------- Quarterly 9/30/05 $158,708 Trailing months ------------------------------- ---------------------------- ---------------------------- ---------------------------- Quarterly 12/31/05 $219,897 Trailing 12 months ------------------------------- ---------------------------- ---------------------------- ---------------------------- Notwithstanding the foregoing, (i) to the extent that the Crdentia Proper Borrowers maintain a Senior Debt Service Coverage Ratio of not less than 1.50 to 1.00 or greater as determined at the required amount end of any measuring period as set forth in Section 14(b) above, the column labeled "Minimum EBITDA" in the following table for the applicable period Crdentia Proper Borrowers shall not be required to maintain minimum EBITDA as set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 in this Section for such corresponding month period ending January 31, 2005 ($1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending February 28, 2005 ($2,236,000) ------------------------------------------------------------------------ ------------------------------- 3 month period ending March 31, 2005 ($3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 ($3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 month period ending June 30, 2005 ($2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 31, 2005 ($2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 month period ending September 30, 2005 ($1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending October 31, 2005 ($5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending December 31, 2005 $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending January 31, 2006 and during the 12 month period ending $5,000,000 on the last day continuance of each month thereafter ------------------------------------------------------------------------ -------------------------------such compliance.

Minimum EBITDA. (a) Borrowers and their Subsidiaries, on a consolidated basis, shall, at all times have, and shall maintain, EBITDA, measured on a fiscal monthquarter-end basis, for each period set forth below, of not less than at least the required amount set forth in the column labeled "Minimum EBITDA" in the following table for the applicable period set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum -------------------- -------------------------------------------- Applicable Amount Applicable Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 ----------------- ----------------- -------------------- -------------------------------------------- $10,000,000 For the trailing twelve months ending December 31, 2003 -------------------- -------------------------------------------- $10,000,000 For the trailing twelve months ending March 31, 2004 -------------------- -------------------------------------------- $12,000,000 For the trailing twelve months ending June 30, 2004 -------------------- -------------------------------------------- $12,500,000 For the trailing twelve months ending September 30, 2004 -------------------- -------------------------------------------- $13,000,000 For the trailing twelve months ending December 31, 2004 -------------------- -------------------------------------------- $14,000,000 For the trailing twelve months ending March 31, 2005 -------------------- -------------------------------------------- $15,000,000 For the trailing twelve months ending June 30, 2005 -------------------- -------------------------------------------- $16,000,000 For the trailing twelve months ending September 30, 2005 -------------------- -------------------------------------------- $16,000,000 For each trailing twelve months period ending on the last day of each quarter thereafter -------------------- -------------------------------------------- (b) Borrowers and their Subsidiaries, on a consolidated basis, shall, at all times have, and shall maintain, Rubber Group EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: -------------------- -------------------------------------------- Applicable Amount Applicable Period ----------------- ----------------- -------------------- -------------------------------------------- $3,250,000 For the three month period ending January 31September 30, 2005 (2004 -------------------- -------------------------------------------- $1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 6,900,000 For the six month period ending February 28December 31, 2005 (2004 -------------------- -------------------------------------------- $2,236,000) ------------------------------------------------------------------------ ------------------------------- 3 11,300,000 For the nine month period ending March 31, 2005 (-------------------- -------------------------------------------- $3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 ($3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 month period 15,000,000 For the trailing twelve months ending June 30, 2005 (-------------------- -------------------------------------------- $2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 31, 2005 ($2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 month period 16,000,000 For the trailing twelve months ending September 30, 2005 (-------------------- -------------------------------------------- $1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending October 31, 2005 ($5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- 12 month period 16,000,000 For the trailing twelve months ending December 31, 2005 -------------------- -------------------------------------------- $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period 16,500,000 For the trailing twelve months ending January March 31, 2006 and -------------------- -------------------------------------------- $16,500,000 For the 12 month trailing twelve months ending June 30, 2006 -------------------- -------------------------------------------- $16,500,000 For the trailing twelve months ending September 30, 2006 -------------------- -------------------------------------------- $16,500,000 For the trailing twelve months ending December 31, 2006 -------------------- -------------------------------------------- $17,000,000 For each trailing twelve months period ending $5,000,000 on the last day of each month thereafter ------------------------------------------------------------------------ -------------------------------quarter thereafter" -------------------- -------------------------------------------- (c) Section 9.19 of the Loan Agreement is hereby amended in its entirety to read as follows:

Minimum EBITDA. EBITDA, measured on a fiscal month-end basis, for each period set forth below, of not less than at least the required amount set forth in the column labeled "Minimum EBITDA" in the following table for the applicable period set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum ------------------------------------------------------------------------- Applicable Amount Applicable Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 ------------------------------------------------------------------------- $26,000,000 For the 12-month period ending July 31, 2004 ------------------------------------------------------------------------- $26,000,000 For the 12-month period ending August 31, 2004 ------------------------------------------------------------------------- $26,000,000 For the 12-month period ending September 30, 2004 ------------------------------------------------------------------------- $26,000,000 For the 12-month period ending October 31, 2004 ------------------------------------------------------------------------- $26,000,000 For the 12-month period ending November 30, 2004 ------------------------------------------------------------------------- $26,000,000 For the 12-month period ending December 31, 2004 ------------------------------------------------------------------------- $26,500,000 For the 12-month period ending January 31, 2005 (------------------------------------------------------------------------- $1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 26,500,000 For the 12-month period ending February 28, 2005 (------------------------------------------------------------------------- $2,236,000) ------------------------------------------------------------------------ ------------------------------- 3 27,000,000 For the 12-month period ending March 31, 2005 (------------------------------------------------------------------------- $3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 27,500,000 For the 12-month period ending April 30, 2005 (------------------------------------------------------------------------- $3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 28,000,000 For the 12-month period ending May 31, 2005 (------------------------------------------------------------------------- $3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 28,500,000 For the 12-month period ending June 30, 2005 (------------------------------------------------------------------------- $2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 29,000,000 For the 12-month period ending July 31, 2005 (------------------------------------------------------------------------- $2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 29,500,000 For the 12-month period ending August 31, 2005 (------------------------------------------------------------------------- $1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 30,000,000 For the 12-month period ending September 30, 2005 (------------------------------------------------------------------------- $1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 30,000,000 For the 12-month period ending October 31, 2005 (------------------------------------------------------------------------- $5,000) ------------------------------------------------------------------------ ------------------------------- 11 30,500,000 For the 12-month period ending November 30, 2005 ------------------------------------------------------------------------- 44 $458,000 ------------------------------------------------------------------------ ------------------------------- 12 31,000,000 For the 12-month period ending December 31, 2005 ------------------------------------------------------------------------- $812,000 ------------------------------------------------------------------------ ------------------------------- 12 31,500,000 For the 12-month period ending January 31, 2006 and ------------------------------------------------------------------------- $31,500,000 For the 12 12-month period ending February 28, 2006 ------------------------------------------------------------------------- $5,000,000 on 31,500,000 For the last day of 12-month period ending March 31, 2006 ------------------------------------------------------------------------- $32,000,000 For the 12-month period ending April 30, 2006 ------------------------------------------------------------------------- $32,000,000 For the 12-month period ending May 31, 2006 ------------------------------------------------------------------------- $32,000,000 For the 12-month period ending June 30, 2006 ------------------------------------------------------------------------- $32,500,000 For the 12-month period ending July 31, 2006 ------------------------------------------------------------------------- $32,500,000 For the 12-month period ending August 31, 2006 ------------------------------------------------------------------------- $32,500,000 For the 12-month period ending September 30, 2006 ------------------------------------------------------------------------- $33,300,000 For the 12-month period ending October 31, 2006 ------------------------------------------------------------------------- $33,300,000 For the 12-month period ending each month thereafter ------------------------------------------------------------------------ --------------------------------------------------------------------------------------------------------

Minimum EBITDA. A. North American EBITDA, measured on a fiscal month-end basis, for each period set forth belowor quarterly basis (as the case may be), of not less than the required amount set forth in the column labeled "Minimum EBITDA" in the following table for the applicable period set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 month period ending -------------------------------------------------------------------------------- APPLICABLE AMOUNT APPLICABLE PERIOD -------------------------------------------------------------------------------- $2,500,000 Four months ended on or near January 31, 2005 (2002 -------------------------------------------------------------------------------- $1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending 3,360,000 Five months ended on or near February 28, 2005 (2002 -------------------------------------------------------------------------------- $2,236,000) ------------------------------------------------------------------------ ------------------------------- 3 month period ending 5,110,000 Six months ended on or near March 31, 2005 (2002 -------------------------------------------------------------------------------- $3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending 5,740,000 Seven months ended on or near April 30, 2005 (2002 -------------------------------------------------------------------------------- $3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending 7,540,000 Eight months ended on or near May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 month period ending 2002 -------------------------------------------------------------------------------- -81- -------------------------------------------------------------------------------- APPLICABLE AMOUNT APPLICABLE PERIOD -------------------------------------------------------------------------------- $ 9,780,000 Nine months ended on or near June 30, 2005 (2002 -------------------------------------------------------------------------------- $2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending 10,590,000 Ten months ended on or near July 31, 2005 (2002 -------------------------------------------------------------------------------- $2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending 11,550,000 Eleven months ended on or near August 31, 2005 (2002 -------------------------------------------------------------------------------- $1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 month period ending 13,990,000 Twelve months ended on or near September 30, 2005 (2002 -------------------------------------------------------------------------------- $1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending 14,480,000 Twelve months ended on or near October 31, 2005 (2002 -------------------------------------------------------------------------------- $5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending 14,700,000 Twelve months ended on or near November 30, 2005 2002 -------------------------------------------------------------------------------- $458,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending 14,900,000 Twelve months ended on or near December 31, 2005 2002 -------------------------------------------------------------------------------- $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending January 31, 2006 and the 12 month period ending $5,000,000 14,900,000 Twelve months ended on the last day of each calendar month thereafter ------------------------------------------------------------------------ -------------------------------on or near December 31, 2002; PROVIDED, HOWEVER, that if there does not occur or exist a Default or Event of Default from the Closing Date until December 31, 2002, Borrowers shall be required to maintain minimum North American EBITDA in an amount equal to the amount set forth opposite hereto for each twelve month period ended on or near March 31, June 30, September 30 and December 31 of each year -------------------------------------------------------------------------------- B. Consolidated EBITDA, measured on a fiscal month-end or quarterly basis (as the case may be), of not less than the required amount set forth in the following table for the applicable period set forth opposite thereto: -------------------------------------------------------------------------------- APPLICABLE AMOUNT APPLICABLE PERIOD -------------------------------------------------------------------------------- $ 4,020,000 Four months ended on or near January 31, 2002 -------------------------------------------------------------------------------- $ 5,440,000 Five months ended on or near February 28, 2002 -------------------------------------------------------------------------------- $ 7,840,000 Six months ended on or near March 31, 2002 -------------------------------------------------------------------------------- $ 9,040,000 Seven months ended on or near April 30, 2002 -------------------------------------------------------------------------------- $11,600,000 Eight months ended on or near May 31, 2002 -------------------------------------------------------------------------------- $14,630,000 Nine months ended on or near June 30, 2002 -------------------------------------------------------------------------------- $16,150,000 Ten months ended on or near July 31, 2002 -------------------------------------------------------------------------------- $17,370,000 Eleven months ended on or near August 31, 2002 -------------------------------------------------------------------------------- $20,630,000 Twelve months ended on or near September 30, 2002 -------------------------------------------------------------------------------- $21,340,000 Twelve months ended on or near October 31, 2002 -------------------------------------------------------------------------------- $21,750,000 Twelve months ended on or near November 30, 2002 -------------------------------------------------------------------------------- $22,180,000 Twelve months ended on or near December 31, 2002 -------------------------------------------------------------------------------- $22,180,000 Twelve months ended on the last day of each calendar month on or near December 31, 2002; PROVIDED, HOWEVER, that if there does not occur or exist a Default or Event of Default from the Closing Date until December 31, 2002, Borrowers shall be required to maintain minimum Consolidated EBITDA in an amount equal to the amount set forth opposite hereto for each twelve month period ended on or near March 31, June 30, September 30 and December 31 of each year -------------------------------------------------------------------------------- -82-

Minimum EBITDA. Borrower's EBITDA, measured on a fiscal month-end basis, for each fiscal period set forth specified below, calculated as of not less than the required amount set forth in the column labeled "Minimum EBITDA" in the following table for the applicable period set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 month period ending January 31, 2005 ($1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending February 28, 2005 ($2,236,000) ------------------------------------------------------------------------ ------------------------------- 3 month period ending March 31, 2005 ($3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 ($3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 month period ending June 30, 2005 ($2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 31, 2005 ($2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 month period ending September 30, 2005 ($1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending October 31, 2005 ($5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending December 31, 2005 $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending January 31, 2006 and the 12 month period ending $5,000,000 on the last day of each such fiscal period for the four quarter period then ended, shall at no time be less than the amount specified for such period: ================================================== ====================================================== Period Minimum EBITDA* ($000 omitted) -------------------------------------------------- ------------------------------------------------------ Fiscal Quarter ending 6/30/02 $24,500 -------------------------------------------------- ------------------------------------------------------ Fiscal Quarter ending 9/30/02 28,000 -------------------------------------------------- ------------------------------------------------------ Fiscal Quarter ending 12/31/02 31,500 -------------------------------------------------- ------------------------------------------------------ Fiscal Quarter ending 3/31/03 35,000 -------------------------------------------------- ------------------------------------------------------ Fiscal Quarter ending 6/30/03 35,000 -------------------------------------------------- ------------------------------------------------------ Fiscal Quarter ending 9/30/03 35,000 -------------------------------------------------- ------------------------------------------------------ Fiscal Quarter ending 12/31/03 35,000 -------------------------------------------------- ------------------------------------------------------ Fiscal Quarter ending 3/31/04 35,000 -------------------------------------------------- ------------------------------------------------------ Fiscal Quarter ending 6/30/04 35,000 -------------------------------------------------- ------------------------------------------------------ Fiscal Quarter ending 9/30/04 35,000 -------------------------------------------------- ------------------------------------------------------ Fiscal Quarter ending 12/31/04 35,000 ================================================== ====================================================== *For purposes of this Section 16.6, EBITDA shall be determined based on a trailing twelve month thereafter ------------------------------------------------------------------------ -------------------------------basis, with the following adjustments for the first three fiscal quarters after the Effective Date: EBITDA shall be determined on an actual consolidated trailing twelve month basis, plus $1,875,000 for the fiscal quarter ending 6/30/02, $1,254,000 for the fiscal quarter ending 9/30/02 and $625,000 for the fiscal quarter ending 12/31/02.

Minimum EBITDA. EBITDA, measured Borrower and its Subsidiaries on a fiscal month-end basisconsolidated basis shall have, for each period fiscal quarter ending on the date set forth below, EBITDA for the twelve (12) month period then ended of not less than the required following (provided, that the minimum EBITDA amount set forth in for each of the column labeled "Minimum EBITDA" in the following table for the applicable period set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 month period ending January 31, 2005 ($1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending February 28, 2005 ($2,236,000) ------------------------------------------------------------------------ ------------------------------- 3 month period ending March 31, 2005 ($3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 ($3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 month period fiscal quarters ending June 30, 2005 ($2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 312006, 2005 ($2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 month period ending September 30, 2005 ($1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending October 31, 2005 ($5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending 2006 and December 31, 2005 $812,000 ------------------------------------------------------------------------ ------------------------------- 12 2006 shall be a cumulative amount for the period beginning with the fiscal month period ending January 31, 2006 and concluding with the 12 fiscal month period ending on the stated date): ------------------------------------------------------------ --------------------------------------------------------- DATE MINIMUM EBITDA ------------------------------------------------------------ --------------------------------------------------------- June 30, 2006 $5,000,000 on 17,500,000 ------------------------------------------------------------ --------------------------------------------------------- September 30, 2006 $31,500,000 ------------------------------------------------------------ --------------------------------------------------------- December 31, 2006 $50,000,000 ------------------------------------------------------------ --------------------------------------------------------- March 31, 2007 $63,000,000 ------------------------------------------------------------ --------------------------------------------------------- June 30, 2007 $72,500,000 ------------------------------------------------------------ --------------------------------------------------------- September 30, 2007 $78,500,000 ------------------------------------------------------------ --------------------------------------------------------- December 31, 2007 $80,000,000 ------------------------------------------------------------ --------------------------------------------------------- March 31, 2008 $77,500,000 ------------------------------------------------------------ --------------------------------------------------------- June 30, 2008 $73,000,000 ------------------------------------------------------------ --------------------------------------------------------- September 30, 2008 $67,500,000 ------------------------------------------------------------ --------------------------------------------------------- December 31, 2008 $60,000,000 ------------------------------------------------------------ --------------------------------------------------------- March 31, 2009 $53,500,000 ------------------------------------------------------------ --------------------------------------------------------- June 30, 2009 $49,000,000 ------------------------------------------------------------ --------------------------------------------------------- September 30, 2009 $44,000,000 ------------------------------------------------------------ --------------------------------------------------------- December 31, 2009 $40,000,000 ------------------------------------------------------------ --------------------------------------------------------- March 31, 2010 and the last day of each month fiscal quarter $40,000,000 occurring thereafter ------------------------------------------------------------------------ ------------------------------------------------------------------------------------------- ---------------------------------------------------------

Minimum EBITDA. The Credit Parties shall not permit EBITDA, measured as -------------- determined as of each Quarterly Determination Date set out below for the twelve- month period ending on a fiscal month-end basissuch Quarterly Determination Date, for each period set forth below, of not to be less than the required amount set forth in the column labeled "Minimum EBITDA" in the following table for the applicable period set forth out opposite theretosuch date below: ------------------------------------------------------------------------ ------------------------------- Minimum Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 month period ending January ===================================================== QUARTERLY DETERMINATION DATE MINIMUM AMOUNT ===================================================== December 31, 2005 ($1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending February 28, 2005 ($2,236,000) ------------------------------------------------------------------------ ------------------------------- 3 month period ending 1997 $ 70,400,000 ----------------------------------------------------- March 31, 2005 ($3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 ($3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 month period ending 1998 $ 80,400,000 ----------------------------------------------------- June 30, 2005 ($2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 31, 2005 ($2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 month period ending 1998 $ 88,700,000 ----------------------------------------------------- September 30, 2005 (1998 $1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending October 31, 2005 ($5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending 101,100,000 ----------------------------------------------------- December 31, 2005 1998 $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending January 115,000,000 ----------------------------------------------------- March 31, 2006 and the 12 month period ending 1999 $5,000,000 on the last day of each month thereafter ------------------------------------------------------------------------ -------------------------------127,800,000 ----------------------------------------------------- June 30, 1999 $132,500,000 ----------------------------------------------------- September 30, 1999 $140,800,000 ----------------------------------------------------- December 31, 1999 $143,600,000 ----------------------------------------------------- March 31, 2000 $145,000,000 ----------------------------------------------------- June 30, 2000 $150,400,000 ----------------------------------------------------- September 30, 2000 $158,000,000 ----------------------------------------------------- December 31, 2000 $160,500,000 ----------------------------------------------------- March 31, 2001 $163,500,000 ----------------------------------------------------- ===================================================== QUARTERLY DETERMINATION DATE MINIMUM AMOUNT ===================================================== June 30, 2001 $166,000,000 ----------------------------------------------------- September 30, 2001 $167,900,000 ----------------------------------------------------- December 31, 2001 $169,300,000 ----------------------------------------------------- March 31, 2002 $174,600,000 ----------------------------------------------------- June 30, 2002 $179,500,000 ----------------------------------------------------- September 30, 2002 $184,100,000 ----------------------------------------------------- December 31, 2002 $188,400,000 ----------------------------------------------------- March 31, 2003 $189,600,000 ----------------------------------------------------- June 30, 2003 $194,200,000 ----------------------------------------------------- September 30, 2003 $198,400,000 ----------------------------------------------------- December 31, 2003 $202,300,000 ----------------------------------------------------- March 31, 2004 $207,000,000 ----------------------------------------------------- June 30, 2004 $211,200,000 ----------------------------------------------------- September 30, 2004 $215,000,000 ----------------------------------------------------- December 31, 2004 $218,400,000 =====================================================

Minimum EBITDA. EBITDABorrower shall not permit EBITDA (which calculation shall include for the months ended 8/31/04 through 12/31/04 any payment made by MedCap Partners L.P. pursuant to the terms of Makewell Agreement), measured on a fiscal month-end basisCrdentia Proper Consolidated Basis, to be less than the amount set forth below for each the corresponding period set forth below: ------------------------------- ---------------------------- ---------------------------- ---------------------------- TIME FRAME DATE TESTED MINIMUM EBITDA BASED ON ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 8/31/04 $(151,662) Monthly ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 9/30/04 $(83,271) Monthly ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 10/31/04 $(28,059) Monthly ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 11/30/04 $1,875 Monthly ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 12/31/04 $39,212 Monthly ------------------------------- ---------------------------- ---------------------------- ---------------------------- Quarterly 3/31/05 $82,501 Trailing 3 months ------------------------------- ---------------------------- ---------------------------- ---------------------------- Quarterly 6/30/05 $99,393 Trailing 6 months ------------------------------- ---------------------------- ---------------------------- ---------------------------- Quarterly 9/30/05 $158,708 Trailing months ------------------------------- ---------------------------- ---------------------------- ---------------------------- Quarterly 12/31/05 $219,897 Trailing 12 months ------------------------------- ---------------------------- ---------------------------- ---------------------------- Notwithstanding the foregoing, (i) to the extent that the Crdentia Proper Borrowers maintain a Senior Debt Service Coverage Ratio of not less than 1.50 to 1.00 or greater as determined at the required amount end of any measuring period as set forth in SECTION 14(b) above, the column labeled "Minimum EBITDA" in the following table for the applicable period Crdentia Proper Borrowers shall not be required to maintain minimum EBITDA as set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 in this Section for such corresponding month period ending January 31, 2005 ($1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending February 28, 2005 ($2,236,000) ------------------------------------------------------------------------ ------------------------------- 3 month period ending March 31, 2005 ($3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 ($3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 month period ending June 30, 2005 ($2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 31, 2005 ($2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 month period ending September 30, 2005 ($1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending October 31, 2005 ($5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending December 31, 2005 $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending January 31, 2006 and during the 12 month period ending $5,000,000 on the last day continuance of each month thereafter ------------------------------------------------------------------------ -------------------------------such compliance.

Minimum EBITDA. EBITDABorrower shall achieve as the case may be, measured on a fiscal month-(a) positive EBITDA as of the end basis, for of each period set forth belowquarter, of not less at least the amount shown below for the quarter then ended, or (b) negative EBITDA as of the end of each quarter, of no more than the required amount set forth in the column labeled "Minimum EBITDA" in the following table shown below for the applicable period set forth opposite theretoquarter then ended, based upon the most recent financial statements of Borrower delivered to Lender in accordance with Section 6.1 hereof for the immediately preceding quarter: ------------------------------------------------------------------------ ------------------------------- Minimum Period ------------------------------------- ---------------------------------- Quarter Ending: EBITDA ------------------------------------------------------------------------ ------------------------------- 1 month period ending January Amount ------------------------------------- ---------------------------------- March 31, 2005 2003 ($1,194,000850,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending February 28------------------------------------- ---------------------------------- June 30, 2005 2003 ($2,236,000600,000) ------------------------------------------------------------------------ ------------------------------- 3 month period ending ------------------------------------- ---------------------------------- September 30, 2003 ($400,000) ------------------------------------- ---------------------------------- December 31, 2003 ($300,000) ------------------------------------- ---------------------------------- March 31, 2004 ($200,000) ------------------------------------- ---------------------------------- June 30, 2004 ($100,000) ------------------------------------- ---------------------------------- September 30, 2004 - $0 - ------------------------------------- ---------------------------------- December 31, 2004 $100,000 ------------------------------------- ---------------------------------- March 31, 2005 ($3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 ($3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 month period ending 200,000 ------------------------------------- ---------------------------------- June 30, 2005 ($2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 31, 2005 ($2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 month period ending 300,000 ------------------------------------- ---------------------------------- September 30, 2005 ($1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending October 31, 2005 ($5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending 400,000 ------------------------------------- ---------------------------------- December 31, 2005 $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending January 500,000 ------------------------------------- ---------------------------------- March 31, 2006 and the 12 month period ending $5,000,000 on the last day of each month thereafter ------------------------------------------------------------------------ -------------------------------600,000 ------------------------------------- ---------------------------------- June 30, 2006 $700,000 ------------------------------------- ---------------------------------- September 30, 2006 $800,000 ------------------------------------- ---------------------------------- December 31, 2006 $900,000 ------------------------------------- ---------------------------------- March 31, 2007 $1,000,000 ------------------------------------- ---------------------------------- June 30, 2007 $1,100,000 ------------------------------------- ---------------------------------- September 30, 2007 $1,200,000 ------------------------------------- ---------------------------------- All amounts referenced in this Section shall be determined in accordance with GAAP.

Minimum EBITDA. EBITDA, measured on a (a) As of the last day of each fiscal month-end basis, for each period quarter of Borrower set forth below, the EBITDA of Borrower and its Subsidiaries for the immediately preceding four (4) consecutive fiscal quarters (treated as a single accounting period) shall be not less than the required amount set forth in the column labeled "below for such date: --------------------------------------- ---------------------------- Four Fiscal Quarters Ending Minimum EBITDA" in the following table for the applicable period set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 month period ending --------------------------------------- ---------------------------- January 31, 2005 2003 ($1,194,0001,840,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending February 28, 2005 ($2,236,000) ------------------------------------------------------------------------ ------------------------------- 3 month period ending March 31, 2005 ($3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending --------------------------------------- ---------------------------- April 30, 2005 2003 ($3,359,0001,420,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 month period ending June 30, 2005 ($2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending --------------------------------------- ---------------------------- July 31, 2005 2003 ($2,333,0001,450,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 month period ending September 30, 2005 ($1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending --------------------------------------- ---------------------------- October 31, 2005 2003 ($5,000875,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending December 31, 2005 $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending --------------------------------------- ---------------------------- January 31, 2006 2004 ($2,000,000) --------------------------------------- ---------------------------- (b) Commencing on the first day of fiscal year 2005 of Borrower and the 12 month period ending $5,000,000 on the last day of each month thereafter ------------------------------------------------------------------------ -------------------------------fiscal quarter of Borrower during fiscal year 2005 set forth below, the EBITDA of Borrower and its Subsidiaries for each period set forth below on a cumulative year-to-date basis (treated as a single accounting period) shall not be less than the amount set forth below for such fiscal quarter end year-to-date period: ------------------------------------------------------- ---------------- Period Minimum EBITDA ------------------------------------------------------- ---------------- February 1, 2004 through April 30, 2004 ($1,300,000) ------------------------------------------------------- ---------------- February 1, 2004 through July 31, 2004 ($1,200,000) ------------------------------------------------------- ---------------- February 1, 2004 through October 31, 2004 ($600,000) ------------------------------------------------------- ---------------- February 1, 2004 through January 31, 2005 $500,000 ------------------------------------------------------- ---------------- (c) As of the last day of the fiscal quarter of Borrower ending on April 30, 2005 and as of the last day of each fiscal quarter of Borrower thereafter, the EBITDA of Borrower and its Subsidiaries for the immediately preceding four (4) consecutive fiscal quarters (treated as a single accounting period) shall be not less than $500,000. The numbers in parenthesis above are to indicate that they are negative numbers."

Minimum EBITDA. EBITDA, measured on a fiscal month-end basis, for each period set forth below, of not less than the required amount set forth in the column labeled "Minimum EBITDA" in the following table basis for the applicable period set forth below of at least the applicable amount set forth below opposite theretosuch period: ------------------------------------------------------------------------ ------------------------------- Minimum ----------------------------------------------------------------------- Applicable Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 Applicable Amount ----------------------------------------------------------------------- For the three months ended 10/31/03 $ 5,700,000 ----------------------------------------------------------------------- For the four months ended 11/30/03 $ 6,725,000 ----------------------------------------------------------------------- For the five months ended 12/31/03 $ 7,450,000 ----------------------------------------------------------------------- For the six months ended 1/31/04 $ 9,720,000 ----------------------------------------------------------------------- For the seven months ended 2/28/04 $10,860,000 ----------------------------------------------------------------------- For the eight months ended 3/31/04 $12,000,000 ----------------------------------------------------------------------- For the nine months ended 4/30/04 $14,055,000 ----------------------------------------------------------------------- For the ten months ended 5/31/04 $16,585,000 ----------------------------------------------------------------------- For the eleven months ended 6/30/04 $17,120,000 ----------------------------------------------------------------------- For the twelve months ended 7/31/04 $19,625,000 ----------------------------------------------------------------------- -94- ----------------------------------------------------------------------- Applicable Period Applicable Amount ----------------------------------------------------------------------- For the twelve months ended 8/31/04 $20,130,000 ----------------------------------------------------------------------- For the twelve months ended 9/30/04 $20,635,000 ----------------------------------------------------------------------- For the twelve months ended 10/31/04 $20,410,000 ----------------------------------------------------------------------- For the twelve months ended 11/30/04 $21,165,000 ----------------------------------------------------------------------- For the twelve months ended 12/31/04 $22,215,000 ----------------------------------------------------------------------- For the twelve months ended 1/31/05 $22,495,000 ----------------------------------------------------------------------- For the twelve months ended 2/28/05 $22,835,000 ----------------------------------------------------------------------- For the twelve months ended 3/31/05 and $23,000,000 for each twelve month period ending January 31, 2005 ($1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending February 28, 2005 ($2,236,000) ------------------------------------------------------------------------ ------------------------------- 3 month period ending March 31, 2005 ($3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 ($3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 month period ending June 30, 2005 ($2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 31, 2005 ($2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 month period ending September 30, 2005 ($1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending October 31, 2005 ($5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending December 31, 2005 $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending January 31, 2006 and the 12 month period ending $5,000,000 on the last day of each month thereafter ------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------

Minimum EBITDA. EBITDA, measured on a fiscal monthquarter-end basis, for each period set forth below, of not less than the required amount set forth in the column labeled "Minimum EBITDA" in the following table for the applicable period set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum ; ----------------------------------------------------------------------------------------------------------------- Applicable Amount Applicable Amount (if Borrower has not (if Borrower has consummated consummated the sale of TMS) the sale of TMS) Applicable Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 month period ending January 31, 2005 ($1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending February 28, 2005 ($2,236,000) ------------------------------------------------------------------------ ------------------------------- ----------------------------------------------------------------------------------------------------------------- $ 7,475,000 $ 6,139,000 For the 3 month period ending March 31, 2005 (03/31/02 ----------------------------------------------------------------------------------------------------------------- $3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 (16,457,000 $3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 13,785,000 For the 6 month period ending June 30, 2005 (06/30/02 ----------------------------------------------------------------------------------------------------------------- $2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 31, 2005 (25,531,000 $2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 21,523,000 For the 9 month period ending September 30, 2005 (09/30/02 ----------------------------------------------------------------------------------------------------------------- $1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending October 31, 2005 (34,755,000 $5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending December 31, 2005 $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending January 31, 2006 and 29,411,000 For the 12 month period ending 12/31/02 ----------------------------------------------------------------------------------------------------------------- $5,000,000 on 37,348,000 $32,004,000 For the last day of each 12 month thereafter ------------------------------------------------------------------------ -------------------------------period ending 03/31/03 ----------------------------------------------------------------------------------------------------------------- $38,434,000 $33,090,000 For the 12 month period ending 06/30/03 ----------------------------------------------------------------------------------------------------------------- $39,428,000 $34,084,000 For the 12 month period ending 09/30/03 ----------------------------------------------------------------------------------------------------------------- $40,272,000 $34,928,000 For the 12 month period ending 12/31/03 ----------------------------------------------------------------------------------------------------------------- $42,794,000 $37,450,000 For the 12 month period ending 3/31/04 ----------------------------------------------------------------------------------------------------------------- $45,315,000 $39,971,000 For the 12 month period ending 06/30/04 ----------------------------------------------------------------------------------------------------------------- $47,837,000 $42,493,000 For the 12 month period ending 09/30/04 ----------------------------------------------------------------------------------------------------------------- $50,358,000 $45,014,000 For the 12 month period ending 12/31/04 -----------------------------------------------------------------------------------------------------------------

Minimum EBITDA. EBITDAEBITDA of Parent (on a consolidated basis), measured on a fiscal monthquarter-end basis, for each period set forth below, of not less than the required amount set forth in the column labeled "Minimum EBITDA" in the following table for the applicable period set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum ; -------------------------------------------------------------------------------- Applicable Amount Applicable Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 month period ending January 31, 2005 -------------------------------------------------------------------------------- ($1,194,00028,650,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending February 28, 2005 ($2,236,000) ------------------------------------------------------------------------ ------------------------------- For the 3 month period ending March 31, 2005 2001 -------------------------------------------------------------------------------- ($3,004,00037,635,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 ($3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- For the 6 month period ending June 30, 2005 2001 -------------------------------------------------------------------------------- ($2,953,00040,375,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 31, 2005 ($2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- For the 9 month period ending September 30, 2005 2001 -------------------------------------------------------------------------------- ($1,004,00035,360,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending October 31, 2005 ($5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- For the 12 month period ending December 31, 2005 2001 -------------------------------------------------------------------------------- ($812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending January 31, 2006 and 12,000,000) For the 12 month period ending March 31, 2002 -------------------------------------------------------------------------------- ($5,000,000 on 2,500,000) For the last day of 12 month period ending June 30, 2002 -------------------------------------------------------------------------------- $4,500,000 For the 12 month period ending September 30, 2002 -------------------------------------------------------------------------------- $1,650,000 For the 12 month period ending December 31, 2002 -------------------------------------------------------------------------------- $11,500,000 For the 12 month period ending March 31, 2003 -------------------------------------------------------------------------------- $15,000,000 For the 12 month period ending June 30, 2003 -------------------------------------------------------------------------------- $19,000,000 For the 12 month period ending September 30, 2003 -------------------------------------------------------------------------------- $20,500,000 For the 12 month period ending December 31, 2003 -------------------------------------------------------------------------------- $21,000,000 For the 12 month period ending each month thereafter ------------------------------------------------------------------------ -------------------------------fiscal quarter thereafter" --------------------------------------------------------------------------------

Minimum EBITDA. EBITDA, measured on a fiscal month-end basisBorrower shall not, for each any period set forth belowbelow (each, a "Test Period") permit EBITDA of not Borrower to be less than the required amount set forth in below opposite such Test Period; provided, that, if the column labeled "Minimum EBITDA" in the following table average daily Adjusted Excess Availability for the applicable thirty (30) day period set forth opposite thereto: ------------------------------------------------------------------------ ------------------------------- Minimum Period EBITDA ------------------------------------------------------------------------ ------------------------------- 1 month period ending January 31, 2005 ($1,194,000) ------------------------------------------------------------------------ ------------------------------- 2 month period ending February 28, 2005 ($2,236,000) ------------------------------------------------------------------------ ------------------------------- 3 month period ending March 31, 2005 ($3,004,000) ------------------------------------------------------------------------ ------------------------------- 4 month period ending April 30, 2005 ($3,359,000) ------------------------------------------------------------------------ ------------------------------- 5 month period ending May 31, 2005 ($3,434,000) ------------------------------------------------------------------------ ------------------------------- 6 month period ending June 30, 2005 ($2,953,000) ------------------------------------------------------------------------ ------------------------------- 7 month period ending July 31, 2005 ($2,333,000) ------------------------------------------------------------------------ ------------------------------- 8 month period ending August 31, 2005 ($1,648,000) ------------------------------------------------------------------------ ------------------------------- 9 month period ending September 30, 2005 ($1,004,000) ------------------------------------------------------------------------ ------------------------------- 10 month period ending October 31, 2005 ($5,000) ------------------------------------------------------------------------ ------------------------------- 11 month period ending November 30, 2005 $458,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending December 31, 2005 $812,000 ------------------------------------------------------------------------ ------------------------------- 12 month period ending January 31, 2006 and the 12 month period ending $5,000,000 on immediately preceding the last day of such Test Period was equal to or greater than the Specified Amount, then Borrower shall not be required to comply with the terms of this Section 9.18 for such Test Period: -------------------------------------------------------------------------------- Period Minimum EBITDA ------ -------------- -------------------------------------------------------------------------------- 10/1/02 - 12/31/02 $(6,500,000) -------------------------------------------------------------------------------- 1/1/03 - 3/31/03 $(5,300,000) -------------------------------------------------------------------------------- 1/1/03 - 6/30/03 $(8,100,000) -------------------------------------------------------------------------------- 1/1/03 - 9/30/03 $(4,100,000) -------------------------------------------------------------------------------- 1/1/03 - 12/31/03 $(800,000) -------------------------------------------------------------------------------- 4/1/03 - 3/31/04 $1,500,000 -------------------------------------------------------------------------------- 7/1/03 - 6/30/04 $2,000,000 -------------------------------------------------------------------------------- 10/1/03 - 9/30/04 $2,000,000 -------------------------------------------------------------------------------- 1/1/04 - 12/31/04 $2,000,000 -------------------------------------------------------------------------------- 4/1/04 - 3/31/05 $2,000,000 -------------------------------------------------------------------------------- 7/1/04 - 6/30/05 $2,000,000 -------------------------------------------------------------------------------- Each twelve-month period ending on the $2,000,000 last day of each month fiscal quarter thereafter ------------------------------------------------------------------------ ---------------------------------------------------------------------------------------------------------------