This Credit Agreement together with all Exhibits and Schedules attached hereto and hereby made a part hereof
(“Agreement”) is made as of the 27th day of March, 2001, by and between Lawson Products, Inc., a Delaware Corporation
(“Lawson”), with its principal place of business and chief executive office at 1666 E. Touhy Ave., Des Plaines, Illinois, 60018,
various Subsidiaries of Lawson listed on Schedule 6.12 hereof (Lawson and the Subsidiaries may be referred to herein
collectively as the “Borrower”), and LASALLE BANK NATIONAL ASSOCIATION (the “Lender”).
1. The Borrower has requested the Lender to provide it with a multi-currency revolving credit facility in an
aggregate amount of up to $50,000,000.00.
2. The Borrower will use the proceeds of the facility to provide for its working capital requirements, general
corporate purposes and for planned and future acquisitions including, but not limited, to Lawson’s planned acquisition of the
assets of IDP North America, a division of Premier Farnell Corporation.
3. The Lender is willing to make such a facility available to Borrower based on the terms and subject to the
conditions set forth in this Agreement.
4. Each Subsidiary has determined that its joint and several liabilities under this Agreement are in furtherance of
its corporate or other organizational purposes and in its best interest and that it will derive substantial benefit, whether directly
or indirectly, from entering into such obligations by, among other things, enabling (i) each Subsidiary to receive proceeds from
the Loan to be used as working capital, (ii) each Subsidiary to directly receive proceeds for capital expenditures or indirectly
receive capital assets from capital expenditures made with the proceeds received by other Subsidiary and (iii) each Subsidiary to
obtain additional capital in the future by direct borrowing or from the proceeds of borrowings of a Subsidiary or Affi