SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • November 14th, 2012 • Precision Aerospace Components, Inc. • Wholesale-hardware
Contract Type FiledNovember 14th, 2012 Company IndustryTHIS SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”), effective as of September 28, 2012 (the “Amendment Date”), is by and among precision aerospace components, inc., a Delaware corporation (“Parent”), Freundlich supply company, inc., a Delaware corporation, tiger-tight corp., a Delaware corporation, AERO-MISSILE COMPONENTS, INC. (formerly Apace Acquisition I, Inc.), a Delaware corporation and CREATIVE ASSEMBLY SYSTEMS, INC., (formerly Apace Acquisition II, Inc.), a Delaware corporation (each a “Borrower” and together with Parent, each an “Obligor” and collectively “Obligors”), the lenders from time to time party to this Agreement (together with their respective successors and permitted assigns, each individually a “Lender” and collectively the “Lenders”) and NEWSTAR BUSINESS CREDIT, LLC, a Delaware limited liability company, as administrative agent (in such capacity, the “Administrative Agent”), as follows: