CREDIT AGREEMENT New YorkCredit Agreement • August 8th, 2013 • Hardinge Inc • Machine tools, metal cutting types • New York
Bank: M&T Bank, a New York banking corporation with its chief executive office at One M&T Plaza, Buffalo, NY 14240. Attention: Office of General Counsel.
REPLACEMENT STANDARD LIBOR GRID NOTE (LIBOR & PRIME) New YorkHardinge Inc • August 8th, 2013 • Machine tools, metal cutting types • New York
BORROWER: Hardinge, Inc., a New York corporation having an address of One Hardinge Drive, Elmira, New York 14902; Cherry Acquisition Corporation, or its successors and/or assigns, a New York corporation having an address of 2155 Traversfield Drive, Traverse, MI 49686; and
GENERAL SECURITY AGREEMENT New YorkGeneral Security Agreement • August 8th, 2013 • Hardinge Inc • Machine tools, metal cutting types • New York
Bank/Secured Party: M&T Bank, a New York banking corporation with its banking offices at One M&T Plaza, Buffalo, New York 14203 Attention: Office of General Counsel.
Schedule Required by Instruction 2 to Item 601 of Regulation S-KHardinge Inc • August 8th, 2013 • Machine tools, metal cutting types
The General Security Agreements entered into in connection with the Credit Agreement, dated May 9, 2013, by and betweenM&T Bank, Hardinge Inc. and Hardinge Holdings GmbH are substantially identical in all material respects to the General Security Agreement, dated May 9, 2013, by and between Hardinge Inc. and M&T Bank (which is featured as Exhibit 10.7 to the Form 10-Q for the quarter ended June 30, 2013) (the “Hardinge Security Agreement”) except as to (i) the parties thereto, (ii) the inclusion of the provision referenced below, which appears in Section 1.1 of the Hardinge Security Agreement, (iii) the inclusion of the language in certain subsections of Section 7.1 as highlighted in brackets in the text of such subsections of Section 7.1 referenced below (which appears in the Hardinge Security Agreement) and (iv) the treatment of the language in the last sentence of Section 10.5 as highlighted in brackets in the text of such provision of Section 10.5 referenced below (which appears in
Schedule Required by Instruction 2 to Item 601 of Regulation S-KHardinge Inc • August 8th, 2013 • Machine tools, metal cutting types
The General Security Agreements entered into in connection with the Amended and Restated Credit Agreement, dated May 9, 2013, by and among M&T Bank, Hardinge Inc., Cherry Acquisition Coporation (n/k/a Forkardt Inc.) and Usach Technologies, Inc. are substantially identical in all material respects to the General Security Agreement, dated May 9, 2013, by and between Hardinge Inc. and M&T Bank (which is featured as Exhibit 10.3 to the Form 10-Q for the quarter ended June 30, 2013) (the “Hardinge Security Agreement”) except as to (i) the parties thereto, (ii) the inclusion of the provision referenced below, which appears in Section 1.1 of the Hardinge Security Agreement and (iii) the inclusion of “Borrowers” in Section 7.1(v) as highlighted in brackets in the text of Section 7.1(v) referenced below (which appears in the Hardinge Security Agreement):
TERM NOTE (Actual Balance Interest Accrual Method) New YorkHardinge Inc • August 8th, 2013 • Machine tools, metal cutting types • New York
Hardinge Holdings GmbH, a Swiss limited liability company having an address of Heilig Kreuzstrasse 28, CH-9009, St. Gallen, Switzerland
