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<br />Until final closing of the proposed financing, the documents are <br />subject to modification, although the modifications are not <br />expected to be material or substantive. The following is a <br />summary of some of the key provisions of the Financing <br />Agreements. <br />a. Court Order. The financing accommodations to be <br />made available to the Borrower pursuant to the Financing <br />Agreements are conditioned upon entry by the Court of an order <br />granting this Motion and approving the Financing Agreements. <br />This order shall hereafter be referred to as the "Financing <br />Order." <br />b. Borrowers. Under the Financing Agreements, the <br />borrower will be CFSI Steel Corporation. The other Debtors will <br />provide secured guarantees for amounts drawn under the Financing <br />Agreements. <br />c. ount. The maximum credit made available to <br />the Debtors is $10,000,000. <br />d. Security. As security for any and all present <br />and future obligations, liabilities, and indebtedness of Debtors <br />to Congress of whatever kind or nature or description, including, <br />without limitation, all indebtedness and obligations arising <br />under the Financing Agreements (collectively, the "Congress <br />Indebtedness"), and to provide Congress with adequate protection <br />for the performance of all Congress Indebtedness, Congress shall <br />be granted valid and perfected first priority security interests <br />and liens, superior to all other creditors of the estates of <br />7 <br />