REVOLVING CREDIT NOTERevolving Credit Note • July 3rd, 2013 • Air Industries Group, Inc. • Aircraft parts & auxiliary equipment, nec • New York
This Revolving Credit Note (this “Note”) is executed and delivered under and pursuant to the terms of that certain Amended and Restated Revolving Credit, Term Loan and Security Agreement dated the date hereof (as amended, restated, replaced, extended, supplemented and/or modified from time to time, the “Loan Agreement”) by and among AIR INDUSTRIES MACHINING, CORP. (“Air”), a corporation organized under the laws of the State of New York, WELDING METALLURGY, INC. (as successor by merger with WMS Merger Corp.)(“WM”), a corporation organized under the laws of the State of New York, NASSAU TOOL WORKS, INC. (formerly known as NTW Operating Inc.) (“Nassau” and collectively with Air and WM, the “Borrower”), a corporation organized under the laws of the State of New York, AIR INDUSTRIES GROUP, INC. (f/k/a Gales Industries Incorporated), a corporation organized under the laws of the State of Delaware (“Air Group” and collectively with the Borrower, the “Obligor”) and PNC BANK, NATIONAL ASSOCIATI
GUARANTOR’S RATIFICATIONAir Industries Group, Inc. • July 3rd, 2013 • Aircraft parts & auxiliary equipment, nec
The undersigned Guarantor hereby reaffirms its continuing obligations under the terms of that certain Guaranty and Suretyship Agreement dated August 24, 2007 (as amended, restated, replaced and/or modified from time to time, the “Guaranty”), and acknowledges that (i) it has read the Amended and Restated Revolving Credit, Term Loan and Security Agreement dated of even date herewith, (ii) the Obligations under the Amended and Restated Revolving Credit, Term Loan and Security Agreement dated the date hereof, as may be amended, restated, modified and/or extended from time to time, are secured by its Guaranty, and (iii) it makes such reaffirmation with full knowledge of the terms thereof.
TERM NOTETerm Note • July 3rd, 2013 • Air Industries Group, Inc. • Aircraft parts & auxiliary equipment, nec • New York
This Term Note (this “Note”) is executed and delivered under and pursuant to the terms of that certain Amended and Restated Revolving Credit, Term Loan and Security Agreement dated the date hereof (as amended, restated, supplemented or modified from time to time, the “Loan Agreement”) by and among AIR INDUSTRIES MACHINING, CORP. (“Air”), a corporation organized under the laws of the State of New York, WELDING METALLURGY, INC. (“WM”), a corporation organized under the laws of the State of New York, NASSAU TOOL WORKS, INC. (formerly known as NTW Operating Inc.) (“Nassau” and collectively with Air and WM, the “Borrower”), a corporation organized under the laws of the State of New York, AIR INDUSTRIES GROUP, INC. (f/k/a Gales Industries Incorporated), a corporation organized under the laws of the State of Delaware (“Air Group” and collectively with the Borrower, the “Obligor”), and PNC BANK, NATIONAL ASSOCIATION (“PNC”), the various financial institutions named therein or which hereafter b
