FORBEARANCE AND MODIFICATION AGREEMENTForbearance and Modification Agreement • January 23rd, 2014 • Techprecision Corp • Fabricated structural metal products
This Forbearance and Modification Agreement (this “Agreement") is made as of January 16, 2014 by and among Ranor, Inc., a Delaware corporation, having a place of business and mailing address of 1 Bella Drive, Westminster, MA 01473-1058 (the “Borrower”), TechPrecision Corporation, a Delaware corporation, having a place of business and mailing address of 3477 Corporate Parkway - Suite 140, Center Valley, PA 18034 (the "Guarantor”) and Santander Bank, N.A. (formerly known as Sovereign Bank), a national banking association, with a place of business at 75 State Street, Boston, MA 02109 (the "Lender").
