Common use of AUTOMATIC AUTHORIZATION Clause in Contracts

AUTOMATIC AUTHORIZATION. In the absence of specific Joint Written Direction to the contrary, U.S. Bank is hereby directed to invest and reinvest proceeds and other available moneys in the U.S. Bank Money Market Account. The U.S. Bank Money Market Account is a permitted investment under the operative documents and this authorization is the permanent direction for investment of the moneys until notified in writing of alternate instructions. SCHEDULE C Each of the following person(s) is authorized to execute documents and direct Escrow Agent as to all matters, including fund transfers, address changes and contact information changes, on Purchaser’s behalf (only one signature required): [REDACTED – personal information] [REDACTED – personal information] Name Specimen signature Telephone No. _______________________ _______________________ ____________ Name Specimen signature Telephone No _______________________ _______________________ ____________ Name Specimen signature Telephone No (Note: if only one person is identified above, please add the following language:) The following person not listed above is authorized for call-back confirmations: ______________ _______________________ Name Telephone Number Each of the following person(s) is authorized to execute documents and direct Escrow Agent as to all matters, including fund transfers, address changes and contact information changes, on Sellers’ behalf (only one signature required): [REDACTED – personal information] [REDACTED – personal information] Name Specimen signature Telephone No _______________________ _______________________ ____________ Name Specimen signature Telephone No _______________________ _______________________ ____________ Name Specimen signature Telephone No (Note: if only one person is identified above, please add the following language:) The following person not listed above is authorized for call-back confirmations: ______________ _______________________ Name Telephone Number

AUTOMATIC AUTHORIZATION. In the absence of specific Joint Written Direction written direction to the contrary, U.S. Bank is hereby directed to invest and reinvest proceeds and other available moneys in the U.S. Bank Money Market Deposit Account. The customer(s) confirm that the U.S. Bank Money Market Deposit Account is a permitted investment under the operative documents and this authorization is the permanent direction for investment of the moneys until notified in writing of alternate instructions. SCHEDULE C Each of the following person(s) is authorized to execute documents and direct Escrow Agent as to all matters, including fund transfers, address changes and contact information changes, on Purchaser’s behalf (only one signature required): [REDACTED – personal information] [REDACTED – personal information] _______________________ _______________________ ____________ Name Specimen signature Telephone No. _______________________ _______________________ ____________ Name Specimen signature Telephone No No. _______________________ _______________________ ____________ Name Specimen signature Telephone No (Note: if only one person is identified above, please add the following language:) No. The following person not listed above is authorized for call-back confirmations: _______________________ _______________________ Name Telephone Number Each of the following person(s) is authorized to execute documents and direct Escrow Agent as to all matters, including fund transfers, address changes and contact information changes, on Sellers’ the Seller Representative’s behalf (only one signature required): [REDACTED – personal information] [REDACTED – personal information] Name Specimen signature Telephone No _______________________ _______________________ ____________ Name Specimen signature Telephone No No. _______________________ _______________________ ____________ Name Specimen signature Telephone No (Note: if only one person is identified above, please add the following language:) No. _______________________ _______________________ ____________ Name Specimen signature Telephone No. The following person not listed above is authorized for call-back confirmations: _______________________ _______________________ Name Telephone NumberNumber U.S. Bank National Association, as Escrow Agent Attention: Global Corporate Trust Services Address: [•] RE: ESCROW AGREEMENT (the “Escrow Agreement”) made and entered into as of [•], 2019 by and among Kadant Inc., a Delaware corporation (“Purchaser”), ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Capital Partners Private Capital Solutions, L.P., a Delaware limited partnership (the “Seller Representative”), and U.S. Bank National Association, in its capacity as escrow agent (“Escrow Agent”). Pursuant to Section 4 of the above-referenced Escrow Agreement, Purchaser and the Seller Representative hereby instruct Escrow Agent to disburse the amount of [$•] from the [Interim Breach][Indemnity][Adjustment] Escrow Account to [Purchaser][the Seller Representative], as provided below: Bank Name: [•] Bank Address: [•] ABA No.: [•] Account Name: [•] Account No.: [•] By: _____________________________ Name: [•] Title: [•] By: _________________________________ Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Title: Vice President The following provisions shall apply to the calculation of Net Working Capital: