References in the boxes above are for Lender’s use only and do not limit the applicability of this document to any
particular loan or item.
Any item above containing “ ‘ ‘ ‘ “ has been omitted due to text length limitations,
PROMISE TO PAY. LIOUIDMETAL COATINGS, LLC; and UOUIDMETAL COATINGS SOLUTIONS,
LLC (“Borrower”) jointly and severally promise to pay to Bank Midwest N.A. (“Lender”|, or order, In lawful
money of the United States of America, the principal amount One Hundred Four Thousand Eight Hundred &
04/100 Dollars ($104,800.04), together with interest on the unpaid principal balance from October 21, 2008,
calculated as described in the “INTEREST CALCULATION METHOD” paragraph using an interest rate of
8.250% per annum based on a year of 360 days, until paid in full. The interest rate may change under the terms
and conditions of the “INTEREST AFTER DEFAULT” section.
PAYMENT. Borrower will pay this loan in 60 payments of $2,148.51 each payment. Borr0wer`s first payment
is due December 1, 2008, and all subsequent payments are due on the same day of each month after that.
Borrower’s final payment will be due on November 1, 2013, and will be for all principal and all accrued Interest
not yet paid. Payments include principal and Interest. Unless otherwise agreed or required by applicable law,
payments will be applied first to any accrued unpaid interest; then to principal; then to any late charges; and then
to any unpaid collection costs. Borrower will pay Lender at Lender’s address shown above or at such other
place as Lender may designate in writing.
INTEREST CALCULATION METHOD. Interest on this Note is computed on a 365/360 basis; that is, by
applying the ratio of the interest rate over a year of 360 days, multiplied by the outstanding principal balance,
multiplied by the actual number of days the principal balance is outstanding. All interest payable under this Note is
computed using th