Exhibit 10.1
REVOLVING CREDIT AGREEMENT
BY AND BETWEEN
NB Manufacturing, Inc.,
as Borrower
AND
Mathis Family Partners. LLP
And
EARNCO MPPP
as Lender(s)
Dated as of May 5, 2009
TABLE OF CONTENTS
ARTICLE 1 - CERTAIN DEFINITIONS...........................................1
Section 1.1 Certain Definitions..............................1
Section 1.2 Construction.....................................2
ARTICLE 2 - LOANS, NOTES AND PREPAYMENTS..................................3
Section 2.1 Loans............................................3
Section 2.2 Notes............................................3
Section 2.3 Procedure for Borrowing..........................3
Section 2.4 Repayment of Loans...............................3
Section 2.5 Optional Prepayments.............................4
Section 2.6 Indemnity........................................4
Section 2.7 Computations.....................................4
Section 2.8 Repayment of the Loans...........................4
ARTICLE 3 - EVENTS OF DEFAULT.............................................4
Section 3.1 Events of Default................................4
Section 3.2 Remedies.........................................4
ARTICLE 4 - MISCELLANEOUS.................................................5
Section 4.1 Amendments, etc..................................5
Section 4.2 Notices, etc.....................................5
Section 4.3 No Waiver; Remedies..............................5
Section 4.4 Binding Effect...................................5
Section 4.5 Governing Law....................................5
Section 4.6 Usury Laws......................................5
Section 4.7 Section Headings.................................5
Section 4.8 Execution................................