Exhibit 10.7
ALLONGE TO SECOND TERM NOTE

As of June 1, 2012

THIS ALLONGE TO SECOND TERM NOTE (THE “ALLONGE”) IS TO BE ATTACHED PERMANENTLY
TO THE SECOND TERM NOTE DATED JULY 21, 2010 AND MADE BY EDAC TECHNOLOGIES
CORPORATION, GROS-ITE INDUSTRIES, INC., AND APEX MACHINE TOOL COMPANY, INC.
(collectively, the “BORROWER”) TO THE ORDER OF TD BANK, N.A. IN THE ORIGINAL
PRINCIPAL AMOUNT OF TWO MILLION TWO HUNDRED FORTY THREE THOUSAND FOUR HUNDRED
FOURTEEN AND 00/100 DOLLARS ($2,243,414.00)  (THE “NOTE”).

All capitalized terms used but not otherwise defined in this Allonge shall have
the meanings ascribed to such terms in the Note.

Except as set forth in this Allonge, the Note remains in full force and effect
and has not been modified or amended in any respect.

This Allonge and the Note shall be read, construed and interpreted as one and
the same instrument.

The Note is hereby amended so that any and all references to “Borrower” or
“Maker” shall hereinafter mean and include EDAC TECHNOLOGIES CORPORATION,
GROS-ITE INDUSTRIES, INC., APEX MACHINE TOOL COMPANY, INC., and EBTEC
CORPORATION, jointly and severally.

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To the extent necessary to assure the liability of the Borrower to the holder of
the Note, the signature of the entities constituting the Borrower appearing
below shall be construed as both an endorsement and a reissue of the Note.
 

    EDAC TECHNOLOGIES CORPORATION               By: /s/Glenn L. Purple      
Name: Glenn L. Purple       Its Chief Financial Officer       Duly Authorized  
            GROS-ITE INDUSTRIES, INC.               By: /s/Glenn L. Purple      
Name: Glenn L. Purple       Its Secretary       Duly Authorized              
APEX MACHINE TOOL COMPANY, INC.               By: /s/Glenn L. Purple       Name:
Glenn L. Purple       Its Secretary       Duly Authorized               EBTEC
CORPORATION               By: /s/Glenn L. Purple       Name: Glenn L. Purple    
  Its Treasurer       Duly Authorized  

 
 
 

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