ALLONGE TO SECOND TERM NOTE

EX-10.7 9 ex10-7.htm ex10-7.htm
Exhibit 10.7
ALLONGE TO SECOND TERM NOTE

As of June 1, 2012
THIS ALLONGE TO SECOND TERM NOTE (THE “ALLONGE”) IS TO BE ATTACHED PERMANENTLY TO THE SECOND TERM NOTE DATED JULY 21, 2010 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 TWO MILLION TWO HUNDRED FORTY THREE THOUSAND FOUR HUNDRED FOURTEEN AND 00/100 DOLLARS ($2,243,414.00)  (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  
 
 
 

 

Basic Info X:

Name: ALLONGE TO SECOND TERM NOTE
Type: Allonge to Second Term Note
Date: June 6, 2012
Company: EDAC TECHNOLOGIES CORP
State: Wisconsin

Other info: