Allonge to Fixed Asset Note from the Borrowers in favor of the Lender dated as of June 1, 2012

 

As of June 1, 2012

THIS ALLONGE TO FIXED ASSET NOTE (THE “ALLONGE”) IS TO BE ATTACHED PERMANENTLY TO THE FIXED ASSET NOTE DATED JULY 27, 2011 AND MADE BY EDAC TECHNOLOGIES CORPORATION, GROS-ITE INDUSTRIES, INC., AND APEX MACHINE TOOL COMPANY, INC. (collectively, the “BORROWER”) TO THE ORDER OF TD BANK, N.A. IN THE ORIGINAL PRINCIPAL AMOUNT OF FOUR MILLION SEVEN HUNDRED THOUSAND AND 00/100 DOLLARS ($4,700,000.00) (THE “NOTE”).

All capitalized terms used but not otherwise defined in this Allonge shall have the meanings ascribed to such terms in the Note.

Except as set forth in this Allonge, the Note remains in full force and effect and has not been modified or amended in any respect.

This Allonge and the Note shall be read, construed and interpreted as one and the same instrument.

The Note is hereby amended so that any and all references to “Borrower” or “Maker” shall hereinafter mean and include EDAC TECHNOLOGIES CORPORATION, GROS-ITE INDUSTRIES, INC., APEX MACHINE TOOL COMPANY, INC., and EBTEC CORPORATION, jointly and severally.

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To the extent necessary to assure the liability of the Borrower to the holder of the Note, the signature of the entities constituting the Borrower appearing below shall be construed as both an endorsement and a reissue of the Note.

 

		EDAC TECHNOLOGIES CORPORATION
		By: /s/Glenn L. Purple
		Name: Glenn L. Purple
		Its Chief Financial Officer
		Duly Authorized
		GROS-ITE INDUSTRIES, INC.
		By: /s/Glenn L. Purple
		Name: Glenn L. Purple
		Its Secretary
		Duly Authorized
		APEX MACHINE TOOL COMPANY, INC.
		By: /s/Glenn L. Purple
		Name: Glenn L. Purple
		Its Secretary
		Duly Authorized
		EBTEC CORPORATION
		By: /s/Glenn L. Purple
		Name: Glenn L. Purple
		Its Treasurer
		Duly Authorized