FIRST AMENDMENT TO LOAN AGREEMENTLoan Agreement • December 31st, 2008 • Natco Group Inc • Fabricated plate work (boiler shops) • Texas
THIS FIRST AMENDMENT TO LOAN AGREEMENT (this “Amendment”) is executed as of December 23, 2008 (the “First Amendment Effective Date”), by and among NATCO GROUP INC., a Delaware corporation (the “U.S. Borrower”); NATCO CANADA, LTD., a corporation formed under the laws of the Province of Ontario (the “Canadian Borrower”); AXSIA GROUP LIMITED, a company incorporated in England and Wales under the Companies Act of the United Kingdom (the “U.K. Borrower”); each of the lenders which is or may from time to time become a party to the Loan Agreement (as defined below) (individually, a “Lender” and, collectively, the “Lenders”), WELLS FARGO BANK, NATIONAL ASSOCIATION, acting as agent for the U.S. Lenders (in such capacity, together with its successors in such capacity, the “U.S. Agent”); HSBC BANK CANADA, acting as agent for the Canadian Lenders (in such capacity, together with its successors in such capacity, the “Canadian Agent”), and HSBC BANK PLC, acting as agent for the U.K. Lenders (in such
